Common use of Employee Benefits, Contracts and Deferred Compensation Plan Clause in Contracts

Employee Benefits, Contracts and Deferred Compensation Plan. (a) Following the Effective Time, GB&T shall provide generally to officers and employees of the FNBG Companies who continue employment with GB&T or its Subsidiaries following the Effective Time employee benefits under employee benefit plans, on terms and conditions which when taken as a whole are substantially similar to those currently provided by the GB&T Companies to their similarly situated officers and employees. For purposes of participation and vesting of benefits under such employee benefit plans, the service of the employees of the FNBG Companies prior to the Effective Time shall be treated as service with a GB&T Company participating in such employee benefit plans, provided that, with respect to any employee benefit plan where the benefits are funded through insurance, the granting of such benefits shall be subject to the consent of the appropriate insurer and may be conditioned upon an employee's participation in a FNBG Benefit Plan of the same type immediately prior to the Effective Time. GB&T shall waive, under its medical plan, any pre-existing condition exclusion for any FNBG employee who continues in employment after the Effective Time and becomes covered under such medical plan, to the extent that such pre-existing condition would have been covered under the comparable FNBG employee benefit plan and the individual with the pre-existing condition was covered under such plan. (b) GB&T and its Subsidiaries also shall honor in accordance with their terms all employment, severance, consulting and other compensation Contracts and deferred compensation plans disclosed in Section 8.11 of the FNBG Disclosure Memorandum to GB&T between any FNBG Company and any current or former director, officer, or employee thereof and all provisions for vested benefits accrued through the Effective Time under the FNBG Benefit Plans. GB&T acknowledges and agrees that pursuant to the Merger it shall assume and have the obligations and liabilities set out in those certain Employment Agreements described on Exhibit 5 attached hereto, if any (the "Employment Agreements").

Employee Benefits, Contracts and Deferred Compensation Plan. (a) Following the Effective Time, GB&T shall provide generally to officers and employees of the FNBG Mountain Companies who continue employment with GB&T or its Subsidiaries following the Effective Time employee benefits under employee benefit plans, on terms and conditions which when taken as a whole are substantially similar to those currently provided by the GB&T Companies to their similarly situated officers and employees. For purposes of participation and vesting of benefits under such employee benefit plans, the service of the employees of the FNBG Mountain Companies prior to the Effective Time shall be treated as service with a GB&T Company participating in such employee benefit plans, provided that, with respect to any employee benefit plan where the benefits are funded through insurance, the granting of such benefits shall be subject to the consent of the appropriate insurer and may be conditioned upon an employee's participation in a FNBG Mountain Benefit Plan of the same type immediately prior to the Effective Time. GB&T shall waive, under its medical plan, any pre-existing condition exclusion for any FNBG Mountain employee who continues in employment after the Effective Time and becomes covered under such medical plan, to the extent that such pre-existing condition would have been covered under the comparable FNBG Mountain employee benefit plan and the individual with the pre-existing condition was covered under such plan. (b) GB&T and its Subsidiaries also shall honor in accordance with their terms all employment, severance, consulting and other compensation Contracts and deferred compensation plans disclosed in Section 8.11 of the FNBG Mountain Disclosure Memorandum to GB&T between any FNBG Mountain Company and any current or former director, officer, or employee thereof and all provisions for vested benefits accrued through the Effective Time under the FNBG Mountain Benefit Plans. GB&T acknowledges and agrees that pursuant to the Merger it shall assume and have the obligations and liabilities set out in those certain Employment Agreements described on Exhibit 5 attached hereto, if any (the "“Employment Agreements"”).

Employee Benefits, Contracts and Deferred Compensation Plan. (a) Following the Effective Time, GB&T shall provide generally to officers and employees of the FNBG Mountain Companies who continue employment with GB&T or its Subsidiaries following the Effective Time employee benefits under employee benefit plans, on terms and conditions which when taken as a whole are substantially similar to those currently provided by the GB&T Companies to their similarly situated officers and employees. For purposes of participation and vesting of benefits under such employee benefit plans, the service of the employees of the FNBG Mountain Companies prior to the Effective Time shall be treated as service with a GB&T Company participating in such employee benefit plans, provided that, with respect to any employee benefit plan where the benefits are funded through insurance, the granting of such benefits shall be subject to the consent of the appropriate insurer and may be conditioned upon an employee's ’s participation in a FNBG Mountain Benefit Plan of the same type immediately prior to the Effective Time. GB&T shall waive, under its medical plan, any pre-existing condition exclusion for any FNBG Mountain employee who continues in employment after the Effective Time and becomes covered under such medical plan, to the extent that such pre-existing condition would have been covered under the comparable FNBG Mountain employee benefit plan and the individual with the pre-existing condition was covered under such plan. (b) GB&T and its Subsidiaries also shall honor in accordance with their terms all employment, severance, consulting and other compensation Contracts and deferred compensation plans disclosed in Section 8.11 of the FNBG Mountain Disclosure Memorandum to GB&T between any FNBG Mountain Company and any current or former director, officer, or employee thereof and all provisions for vested benefits accrued through the Effective Time under the FNBG Mountain Benefit Plans. GB&T acknowledges and agrees that pursuant to the Merger it shall assume and have the obligations and liabilities set out in those certain Employment Agreements described on Exhibit 5 attached hereto, if any (the "“Employment Agreements"”).

Employee Benefits, Contracts and Deferred Compensation Plan. (a) Following the Effective Time, GB&T shall provide generally to officers and employees of the FNBG SHB Companies who continue employment with GB&T or its Subsidiaries following the Effective Time employee benefits under employee benefit plans, on terms and conditions which when taken as a whole are substantially similar to those currently provided by the GB&T Companies to their similarly situated officers and employees. For purposes of participation and vesting of benefits under such employee benefit plans, the service of the employees of the FNBG SHB Companies prior to the Effective Time shall be treated as service with a GB&T Company participating in such employee benefit plans, provided that, with respect to any employee benefit plan where the benefits are funded through insurance, the granting of such benefits shall be subject to the consent of the appropriate insurer and may be conditioned upon an employee's participation in a FNBG SHB Benefit Plan of the same type immediately prior to the Effective Time. GB&T shall waive, under its medical plan, any pre-existing condition exclusion for any FNBG SHB employee who continues in employment after the Effective Time and becomes covered under such medical plan, to the extent that such pre-existing condition would have been covered under the comparable FNBG SHB employee benefit plan and the individual with the pre-existing condition was covered under such plan.. <PAGE> (b) GB&T and its Subsidiaries also shall honor in accordance with their terms all employment, severance, consulting and other compensation Contracts and deferred compensation plans disclosed in Section 8.11 of the FNBG SHB Disclosure Memorandum to GB&T between any FNBG SHB Company and any current or former director, officer, or employee thereof and all provisions for vested benefits accrued through the Effective Time under the FNBG SHB Benefit Plans. GB&T acknowledges and agrees that pursuant to the Merger it shall assume and have the obligations and liabilities set out in those certain Employment Agreements described on Exhibit 5 attached hereto, if any (the "Employment Agreements").

Employee Benefits, Contracts and Deferred Compensation Plan. (a) Following the Effective Time, GB&T shall provide generally to officers and employees of the FNBG CT Financial Services Companies who continue employment with GB&T or its Subsidiaries following the Effective Time employee benefits under employee benefit plans, on terms and conditions which when taken as a whole are substantially similar to those currently provided by the GB&T Companies to their similarly situated officers and employees. For purposes of participation and vesting of benefits under such employee benefit plans, the service of the employees of the FNBG CT Financial Services Companies prior to the Effective Time shall be treated as service with a GB&T Company participating in such employee benefit plans, provided that, with respect to any employee benefit plan where the benefits are funded through insurance, the granting of such benefits shall be subject to the consent of the appropriate insurer and may be conditioned upon an employee's participation in a FNBG CT Financial Services Benefit Plan of the same type immediately prior to the Effective Time. GB&T shall waive, under its medical plan, any pre-existing condition exclusion for any FNBG CT Financial Services employee who continues in employment after the Effective Time and becomes covered under such medical plan, to the extent that such pre-existing condition would have been covered under the comparable FNBG CT Financial Services employee benefit plan and the individual with the pre-existing condition was covered under such plan. (b) GB&T and its Subsidiaries also shall honor in accordance with their terms all employment, severance, consulting and other compensation Contracts and deferred compensation plans disclosed in Section 8.11 of the FNBG CT Financial Services Disclosure Memorandum to GB&T between any FNBG CT Financial Services Company and any current or former director, officer, or employee thereof and all provisions for vested benefits accrued through the Effective Time under the FNBG Benefit Plans. GB&T acknowledges and agrees that pursuant to the Merger it shall assume and have the obligations and liabilities set out in those certain Employment Agreements described on Exhibit 5 attached hereto, if any (the "Employment Agreements").CT Financial