Joseph Perillo Re: Confidential Retention and Severance Agreement Dear Joe,Patriot National Bancorp Inc • November 14th, 2023 • National commercial banks
This Agreement, and the documents described below, summarize the terms and conditions of additional compensation to be awarded to you in exchange for you providing ongoing services to Patriot and for providing an orderly transition of your CFO role at your time of planned retirement. In exchange for the additional compensation offered in this Agreement, you agree to continue fulfilling your current duties and responsibilities throughout your remaining employment in your role as CFO of Patriot and to effectuate an orderly transition at the time when you decide to retire, which includes you doing the following through your final employment date:
