EXCISE TAX REIMBURSEMENT AGREEMENTExcise Tax Reimbursement Agreement • July 10th, 2007 • Community Partners Bancorp • State commercial banks • New Jersey
THIS EXCISE TAX REIMBURSEMENT AGREEMENT (this “Agreement”) is made on and as of this first day of June, 2007, by and between Community Partners Bancorp (“CPB”), a corporation organized under the laws of the state of New Jersey which serves as a bank holding company, with its principal office at 1250 Highway 35 South, Middletown, New Jersey 07748, for its subsidiaries, affiliates and itself; and Barry B. Davall (“Executive”), whose business address is 1250 Highway 35 South, Middletown, NJ 07748.
