Director Retirement Agreement Sample Contracts

BioDelivery Sciences International, Inc. – Form of Director Retirement Agreement (May 17th, 2018)

This DIRECTOR RETIREMENT AGREEMENT (this Agreement) is entered into this 17th day of May, 2018 by and among BioDelivery Sciences International, Inc. (the Company), [ ] (the Director), and with respect to Sections 3 through 11, inclusive, and Sections 13 and 14 hereof, Broadfin Healthcare Master Fund Ltd. (Broadfin). The Director, the Company and Broadfin may be collectively referred to as the parties or individually referred to as a party.

SI Financial Group, Inc. – Form of Amended and Restated Director Retirement Agreement (April 11th, 2018)

This Amended and Restated Director Retirement Agreement is entered into by and between ___________________ (the "Director") and the Savings Institute Bank & Trust Company ("Bank") effective ____________________, 2010. This Agreement is a restatement of the Savings Institute Director Retirement Plan.

Ohio Valley Banc Corp. – The Ohio Valley Bank Company Director Retirement Agreement (March 16th, 2018)

This DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is adopted this 20th day of December, 2017 by and between THE OHIO VALLEY BANK COMPANY, a state-chartered commercial bank located in Gallipolis, Ohio (the "Company"), and John G. Jones (the "Director").

Oak Valley Bancorp [Ca] – Director Retirement Agreement (August 11th, 2017)

THIS AGREEMENT between, OAK VALLEY COMMUNITY BANK, a state-chartered commercial bank located in Oakdale, California (the "Company"), and H. RANDOLPH HOLDER (the "Director")

Plumas Bancorp – Director Retirement Agreement (March 17th, 2017)

THIS DIRECTOR RETIREMENT AGREEMENT (the "Agreement") is adopted this 21st day of December, 2016, by and between PLUMAS BANK, a California corporation located in Quincy, California (the "Company") and Steven M. Coldani (the "Director").

Ohio Valley Banc Corp. – 2016 Determination of Director's Fees for Purposes of the Director Retirement Agreement for _____________ (March 16th, 2017)

THIS AGREEMENT is made this ______ day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and ______________ (the "Director").

Ohio Valley Banc Corp. – 2016 Determination of Director's Fees for Purposes of the Director Retirement Agreement for _____________ (March 16th, 2017)

THIS AGREEMENT is made this ______ day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY located in Gallipolis, Ohio (the "Company"), and ______________ (the "Director").

Ohio Valley Banc Corp. – The Ohio Valley Bank Company Director Retirement Agreement (March 16th, 2017)

This DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is adopted this 14th day of December, 2016, by and between THE OHIO VALLEY BANK COMPANY, a state-chartered commercial bank located in Gallipolis, Ohio (the "Company"), and Brent R. Eastman (the "Director").

Berkshire Hills Bancorp, Inc. – Hampden Bank Amended and Restated Director Retirement Agreement (November 9th, 2015)

This AMENDED & RESTATED DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is adopted this 29th day of July, 2008 by and between HAMPDEN BANK, a state- savings bank located in Springfield, Massachusetts (the "Bank"), and Richard Suski (the "Director"). This Agreement amends and restates the prior Amended and Restated Director Supplemental Retirement Plan Agreement between the Bank and the Director dated January 1, 2008 (the "Prior Agreement"). The parties intend this amended and restated Agreement to be a material modification of the Prior Agreement such that all amounts earned and vested prior to December 31, 2004 shall be subject to the provisions of Code Section 409A.

Ohio Valley Banc Corp. – The Ohio Valley Bank Company Fourth Amended and Restated Director Retirement Agreement (November 9th, 2015)

This FOURTH AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is adopted this 13th day of May, 2015 by and between THE OHIO VALLEY BANK COMPANY, a state-chartered commercial bank located in Gallipolis, Ohio (the "Company"), and Brent A. Saunders (the "Director"). This Agreement amends and restates the prior Third Amended and Restated Director Retirement Agreement between the Company and the Director dated December 18, 2012 (the "2012 Amendment"), which amended and restated the prior Second Amended and Restated Director Retirement Agreement between the Company and the Director dated October 16, 2007 (the "2007 Amendment"), which amended and restated the prior Amended and Restated Director Retirement Agreement between the Company and the Director dated March 16, 2004 (the "2004 Agreement").

Berkshire Hills Bancorp, Inc. – Hampden Bank Amended and Restated Director Retirement Agreement (August 10th, 2015)

This AMENDED & RESTATED DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is adopted this 29th day of July, 2008 by and between HAMPDEN BANK, a state- savings bank located in Springfield, Massachusetts (the "Bank"), and Richard Suski (the "Director"). This Agreement amends and restates the prior Amended and Restated Director Supplemental Retirement Plan Agreement between the Bank and the Director dated January 1, 2008 (the "Prior Agreement"). The parties intend this amended and restated Agreement to be a material modification of the Prior Agreement such that all amounts earned and vested prior to December 31, 2004 shall be subject to the provisions of Code Section 409A.

Berkshire Hills Bancorp, Inc. – Hampden Bank Amended and Restated Director Retirement Agreement (May 11th, 2015)

This AMENDED & RESTATED DIRECTOR RETIREMENT AGREEMENT (this Agreement) is adopted this 29th day of July, 2008 by and between HAMPDEN BANK, a state- savings bank located in Springfield, Massachusetts (the Bank), and Richard Suski (the Director). This Agreement amends and restates the prior Amended and Restated Director Supplemental Retirement Plan Agreement between the Bank and the Director dated January 1, 2008 (the Prior Agreement). The parties intend this amended and restated Agreement to be a material modification of the Prior Agreement such that all amounts earned and vested prior to December 31, 2004 shall be subject to the provisions of Code Section 409A.

Director Retirement Agreement (February 27th, 2015)

This Second Amendment (the "Amendment") to the Director Retirement Agreement, dated as of November 29, 2004 and as amended December 16, 2008 (the "Agreement"), by and among Peoples Federal Savings Bank (the "Bank") and Maurice H. Sullivan, Jr. (the "Director") is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

Alamogordo Financial Corp – Bank'34 Director Retirement Agreement (April 18th, 2014)

This DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is entered into this 1st day of February, 2010, by and between BANK'34, a federally-chartered savings and loan located in Alamogordo, New Mexico (the "Bank"), and (the "Director").

Central Valley Cmnty Bancorp – Visalia Community Bank Amended and Restated Director Retirement Agreement (April 26th, 2013)

THIS AMENDED & RESTATED DIRECTOR RETIREMENT AGREEMENT (the Agreement) is adopted this day of , 2006, by and between VISALIA COMMUNITY BANK, a California corporation located in Visalia, California (the Bank) and (the Director) and is effective as of the 1st day of January, .

Newport Bancorp, Inc. – Second Amendment to Form of Newport Federal Savings Bank Supplemental Director Retirement Agreement. SECOND AMENDMENT TO SUPPLEMENTAL DIRECTOR RETIREMENT AGREEMENT (March 22nd, 2013)

This Second Amendment (the "Second Amendment") to the Supplemental Director Retirement Agreement, dated as of March __, 2007 (as amended, the "Agreement"), by and among Newport Federal Savings Bank (the "Bank") and ______________ (the "Director") is effective as of _____________, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

Ohio Valley Banc Corp. – The Ohio Valley Bank Company Third Amended and Restated Director Retirement Agreement (March 18th, 2013)

This THIRD AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT (this "Agreement") is adopted this 18th day of December, 2012 by and between THE OHIO VALLEY BANK COMPANY, a state-chartered commercial bank located in Gallipolis, Ohio (the "Company"), and Jeffrey E. Smith (the "Director"). This Agreement amends and restates the prior Second Amended and Restated Director Retirement Agreement between the Company and the Director dated December 28, 2007 (the "2007 Amendment") which amended and restated the prior Amended and Restated Director Retirement Agreement between the Company and the Director dated January 12, 2004 (the "2004 Agreement").

Santa Lucia Bank – Fisrt Amended and Restated Director Retirement Agreement Between Santa Lucia Bank And (June 27th, 2011)

This Termination Agreement (the "Termination") by and between Santa Lucia Bank, a California corporation, (the "Bank") and [*] (the "Director"), is made as of the 24th day of April, 2011.

Cortland Bank – Cortland Bancorp Director Retirement Agreement (April 22nd, 2011)

This Director Retirement Agreement (this Agreement) is entered into as of this day of , 2011, by and between Cortland Bancorp (the Company), a bank holding company located in Cortland, Ohio, and Joseph E. Koch, a director of the Company (the Director).

Peoples Federal Bancshares – Second Amendment to Director Retirement Agreement (April 18th, 2011)

This Second Amendment (the "Amendment") to the Director Retirement Agreement, dated as of November 29, 2004 and as amended December 16, 2008 (the "Agreement"), by and among Peoples Federal Savings Bank (the "Bank") and Maurice H. Sullivan, Jr. (the "Director") is effective as of March 1, 2011. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

Newport Bancorp, Inc. – First Amendment to Supplemental Director Retirement Agreement (March 26th, 2010)

First Amendment, dated as of November__, 2008 (the "Amendment"), to the Supplemental Director Retirement Agreement, dated as of ________ __, 200_ (as amended, the "Agreement"), by and among Newport Federal Savings Bank (the "Bank") and ______________ (the "Director") is effective as of January 1, 2008. Capitalized terms which are not defined herein shall have the same meaning as set forth in the Agreement.

Peoples Federal Bancshares – Peoples Federal Savings Bank Director Retirement Agreement (March 17th, 2010)

THIS DIRECTOR RETIREMENT AGREEMENT (the Agreement) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the Bank), and JOHN REEN (the Director).

Peoples Federal Bancshares – Peoples Federal Savings Bank Director Retirement Agreement (March 17th, 2010)

THIS DIRECTOR RETIREMENT AGREEMENT (the Agreement) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the Bank), and MAURICE H. SULLIVAN III (the Director).

Peoples Federal Bancshares – Peoples Federal Savings Bank Director Retirement Agreement (March 17th, 2010)

THIS DIRECTOR RETIREMENT AGREEMENT (the Agreement) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the Bank), and MAURICE H. SULLIVAN, JR, (the Director).

Peoples Federal Bancshares – Peoples Federal Savings Bank Director Retirement Agreement (March 17th, 2010)

THIS DIRECTOR RETIREMENT AGREEMENT (the Agreement) is adopted this 29th day of November, 2004, by and between PEOPLES FEDERAL SAVINGS BANK, a federally-chartered corporation located in Boston, Massachusetts (the Bank), and VINCENT MANNERING, (the Director).

Fairfield County Bank Corp Director Retirement Agreement (March 15th, 2010)

THIS AGREEMENT is made this day of , by and between FAIRFIELD COUNTY BANK CORP., a Connecticut mutual savings bank located in Ridgefield, Connecticut (the Bank), and (the Director). This Agreement is an amendment and restatement of an Agreement originally entered into .

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 1998 for Gregory A. Rosenberry (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 22nd day of May, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Gregory A. Rosenberry (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 1998 for Jeffrey W. Coy (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 22nd day of March, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Jeffrey W. Coy (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 2002 for John S. Ward (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 22nd day of March, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and John S. Ward (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 1998 for Kenneth R. Shoemaker (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 22nd day of March, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Kenneth R. Shoemaker (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 1998 for Anthony F. Ceddia (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 22nd day of March, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Anthony F. Ceddia (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 1998 for Joel R. Zullinger (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 3rd day of April, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Joel R. Zullinger (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 1998 for Andrea Pugh (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 22nd day of March, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Andrea Pugh (the Director).

Orrstown Financial Services, Inc. – First Amendment to the Orrstown Bank Director Retirement Agreement Dated October 1, 2002 for Glenn W. Snoke (March 15th, 2010)

THIS FIRST AMENDMENT is adopted this 24th day of April, 2007, effective as of January 1, 2005, by and between Orrstown Bank, a state commercial bank located in Orrstown, Pennsylvania (the Company), and Glenn W. Snoke (the Director).

Beach First Natl Bancshrs/Sc – Second Amendment to the Beach First National Bank Amended and Restated Director Retirement Agreement Dated August 24, 2005 for B. Larkin Spivey, Jr. (January 6th, 2010)

THIS SECOND AMENDMENT is entered into this day of , 200 , by and between BEACH FIRST NATIONAL BANK (the Bank), a federally-chartered commercial bank located in Myrtle Beach, South Carolina, and B. LARKIN SPIVEY, JR. (the Director).