February 26, 2025 Carl M. Carlson 4 Temple Road Wellesley, MA 02482 Re: Retention Bonus Dear Mr. Carlson,Retention Bonus Agreement • March 24th, 2025 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
As you know, Brookline Bancorp, Inc. (“Brookline”) has entered into that certain Agreement and Plan of Merger, by and among Berkshire Hills Bancorp, Inc. (“Berkshire”), Commerce Acquisition Sub, Inc., and Brookline, pursuant to which Brookline and Berkshire intend to combine in a strategic business combination transaction (the “Merger”). In connection with the Merger, the Company would like to incentivize you to remain employed with the Company and the combined business following the Merger, and is pleased to inform you that it has decided to award you a retention bonus in an aggregate amount of $3,000,000 (the “Bonus”), subject to and in accordance with the terms of this letter agreement (the “Agreement”).
February 26, 2025 Michael W. McCurdy Wellesley, MA 02482 Re: Retention Bonus Dear Mr. McCurdy,Retention Bonus Agreement • March 24th, 2025 • Berkshire Hills Bancorp Inc • Savings institutions, not federally chartered • Massachusetts
As you know, Brookline Bancorp, Inc. (“Brookline”) has entered into that certain Agreement and Plan of Merger, by and among Berkshire Hills Bancorp, Inc. (“Berkshire”), Commerce Acquisition Sub, Inc., and Brookline, pursuant to which Brookline and Berkshire intend to combine in a strategic business combination transaction (the “Merger”). In connection with the Merger, the Company would like to incentivize you to remain employed with the Company and the combined business following the Merger, and is pleased to inform you that it has decided to award you a retention bonus in an aggregate amount of $3,000,000 (the “Bonus”), subject to and in accordance with the terms of this letter agreement (the “Agreement”).
February 26, 2025 Carl M. Carlson 4 Temple Road Wellesley, MA 02482 Re: Retention Bonus Dear Mr. Carlson,Retention Bonus Agreement • March 3rd, 2025 • Brookline Bancorp Inc • Savings institution, federally chartered • Massachusetts
As you know, Brookline Bancorp, Inc. (“Brookline”) has entered into that certain Agreement and Plan of Merger, by and among Berkshire Hills Bancorp, Inc. (“Berkshire”), Commerce Acquisition Sub, Inc., and Brookline, pursuant to which Brookline and Berkshire intend to combine in a strategic business combination transaction (the “Merger”). In connection with the Merger, the Company would like to incentivize you to remain employed with the Company and the combined business following the Merger, and is pleased to inform you that it has decided to award you a retention bonus in an aggregate amount of $3,000,000 (the “Bonus”), subject to and in accordance with the terms of this letter agreement (the “Agreement”).
February 26, 2025 Michael W. McCurdy 8 Sagamore Road Wellesley, MA 02482 Re: Retention Bonus Dear Mr. McCurdy,Retention Bonus Agreement • March 3rd, 2025 • Brookline Bancorp Inc • Savings institution, federally chartered • Massachusetts
As you know, Brookline Bancorp, Inc. (“Brookline”) has entered into that certain Agreement and Plan of Merger, by and among Berkshire Hills Bancorp, Inc. (“Berkshire”), Commerce Acquisition Sub, Inc., and Brookline, pursuant to which Brookline and Berkshire intend to combine in a strategic business combination transaction (the “Merger”). In connection with the Merger, the Company would like to incentivize you to remain employed with the Company and the combined business following the Merger, and is pleased to inform you that it has decided to award you a retention bonus in an aggregate amount of $3,000,000 (the “Bonus”), subject to and in accordance with the terms of this letter agreement (the “Agreement”).