EX-10.7 13 b39832lsex10-7.txt AMENDMENT DATED MAY 25, 2000 (PERREAULT) 1 [LAWRENCE SAVINGS BANK LETTERHEAD] May 25, 2000 Mr. Robert P. Perreault 30 Riverview Avenue Methuen, MA 01844 Dear Bob: Your special termination agreement dated May 9, 1986 is hereby amended as follows: Section 2 Change in Control, line 15 - "twenty-five percent (25%)" is hereby stricken and fifteen percent (15%) is inserted in its place. Execution Upon execution below by all parties, this Agreement will enter in full force and effect on the effective date below: LAWRENCE SAVINGS BANK /s/ THOMAS J. BURKE /s/ ROBERT P. PERREAULT --------------------------------- ----------------------------------- Thomas J. Burke, Chairman Robert P. Perreault /s/ EUGENE A. BELIVEAU 5-25-00 --------------------------------- ----------------------------------- Eugene A. Beliveau Effective Date /s/ KATHLEEN I. BOSHAR --------------------------------- Kathleen I. Boshar /s/ MALCOLM W. BRAWN --------------------------------- Malcolm W. Brawn /s/ BYRON R. CLEVELAND, JR. --------------------------------- Byron R. Cleveland, Jr. /s/ NEIL H. CULLEN --------------------------------- Neil H. Cullen /s/ RICHARD HART HARRINGTON --------------------------------- Richard Hart Harrington /s/ ROBERT F. HATEM --------------------------------- Robert F. Hatem /s/ MARSHA A. MCDONOUGH --------------------------------- Marsha A. McDonough /s/ PAUL A. MILLER --------------------------------- Paul A. Miller