EX-10.3
Hanover Bancorp, Inc. /MD
FORM OF
AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT
THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”) was originally entered into by and between HANOVER COMMUNITY BANK, a New York state commercial bank with its principal place of business located at 80 East Jericho Turnpike, Mineola, NY 11501**, (the "Employer"), and *Joseph Burns*, an individual residing at 63 Dogwood Avenue, Malverne, NY 11565 ("Employee") effective *December 23, 2023 *and is hereby amended and restated in its entirety effective July 31, 2026.
W I T N E S S E T H:
WHEREAS, Employer wishes to continue to encourage the Employee’s dedication to his or her assigned duties in the face of potential distractions arising from the prospect of a Change in Control (as defined herein), the Employer wishes to provide certain benefits and payments upon a Change in Control;
WHEREAS, it is a condition to Employee’s retention that the Employer enter into this Agreement with Employee;
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