EMPLOYMENT AGREEMENT TERM SHEETEmployment Agreement Term Sheet • March 8th, 2024 • New York Community Bancorp Inc • Savings institutions, not federally chartered
This term sheet sets forth the key terms for Joseph Otting (“Executive”) with New York Community Bancorp, Inc. (the “Company”) following the proposed investment (the “Transaction”) by Liberty 77 Capital, L.P. pursuant to the Investment Agreement, dated as of the date hereof (the “Investment Agreement”). As soon as practicable following the execution of the Investment Agreement, the parties will promptly and in good faith negotiate one or more definitive documents, which will include terms that are consistent with the terms of this term sheet, to the extent covered hereby.
