TWO YEAR CHANGE IN CONTROL AGREEMENT
This AGREEMENT is made effective as of by and between OceanFirst Bank (the “Bank”), a federally
chartered savings institution, with its principal administrative office at 975 Hooper Avenue, Toms River, New Jersey 08753,
(“Executive”), and OceanFirst Financial Corp. (the “Holding Company”), a corporation organized under the laws of
the State of Delaware which is the holding company of the Bank.
WHEREAS, the Bank wishes to protect Executive’s position for the period provided in this Agreement; and
WHEREAS, Executive has agreed to serve in the employ of the Bank.
NOW, THEREFORE, in consideration of the contribution and responsibilities of Executive, and upon the other terms and
conditions hereinafter provided, the parties hereto agree as follows:
TERM OF AGREEMENT .
The term of the OceanFirst Bank Two Year Change in Control Agreement (the “Agreement”) shall be deemed to have
commenced as of the date first above written and shall continue for a period of twenty-four (24) full calendar months thereafter.
Commencing on the first anniversary date of this Agreement and continuing at each anniversary date thereafter, the Board of
Directors of the Bank (“Board”) may extend the Agreement for an additional year. The Board will review the Agreement and
Executive’s performance annually for purposes of determining whether to extend the Agreement, and the results thereof shall be
included in the minutes of the Board’s meeting.
CHANGE IN CONTROL .
(a) Upon the occurrence of a Change in Control of the Bank or the Holding Company (as herein defined) followed at any
time during the term of this Agreement by the termination of Executive’s employment, other than for Cause, as defined in
Section 2(c) hereof, the provisions of Section 3 shall apply. Upon the occurrence of a Change in Control, Executive shall have
the right to elect to voluntarily termin