Brookline Bancorp Inc. has announced a new retention bonus agreement with its Chief Credit Officer, Mark J. Meiklejohn, in connection with its merger with Berkshire Hills Bancorp, Inc. The agreement, effective upon the closing of the merger, grants Mr. Meiklejohn a cash retention bonus totaling $720,750. This bonus will be paid in three equal installments over three years, contingent on his continued employment. If Mr. Meiklejohn's employment is terminated without cause or he resigns for good reason, any unpaid bonuses will be accelerated and paid within 60 days, adjusted for any severance payments.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Brookline Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-085735), on August 29, 2025, and is solely responsible for the information contained therein.