Pursuant to the terms of the salary continuation agreements dated December 18, 2002 and January 22, 2014, by and between Ocean Bank and Mr. Brady (the “ Salary Continuation Agreements ”), Mr. Brady shall be entitled to receive an annual benefit equal to $278,357 (the “ Benefit Amount ”). The Benefit Amount shall be paid in monthly installments equal to $23,196.42 (less any applicable withholdings) on the first day of each month commencing with the first business day of the seventh (7th) month following the Termination Date (or, if earlier, Mr. Brady’s death) and continuing for Mr. Brady’s life, with guaranteed payments of such monthly amount for two hundred and forty (240) months, provided that the first such payment shall include a lump sum cash payment equal to any monthly payments that that would have been payable during the first six (6) months following the Termination Date absent the requirements of Section 409A.