MANAGEMENT CHANGE IN CONTROL SEVERANCE AGREEMENTManagement Change in Control Severance Agreement • March 31st, 2021 • Parke Bancorp, Inc. • State commercial banks • New Jersey
THIS MANAGEMENT CHANGE IN CONTROL SEVERANCE AGREEMENT (this “Agreement”) is made on and as of this 15 day of December, 2020 (“Effective Date”), by and between Parke Bancorp, Inc. (“Company”), a corporation organized under the laws of the State of New Jersey which serves as a bank holding company, with its principal office at 601 Delsea Drive, Sewell, New Jersey 08080, Parke Bank (“Bank”), a banking corporation organized under the laws of the State of New Jersey, with its principal office at 601 Delsea Drive, Sewell, New Jersey 08080, and John Kaufman (the “Executive”).
