ENTERPRISE BANK AND TRUST COMPANY SALARY CONTINUATION AGREEMENTEnterprise Bank and Trust Company • July 20th, 2005 • Enterprise Bancorp Inc /Ma/ • State commercial banks • Massachusetts
THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 15th day of July, 2005 by and between ENTERPRISE BANK AND TRUST COMPANY, a state-chartered commercial bank located in Lowell, Massachusetts (the “Bank”) and RICHARD W. MAIN (the “Executive”). The purpose of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly compensated employees who contribute materially to the continued growth, development, and future business success of the Bank. This Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended from time to time.
