Union Bankshares Inc Sample Contracts

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SECTION ONE GRANT -----
Stock Option Agreement • November 12th, 2004 • Union Bankshares Inc • State commercial banks
WITNESSETH:
Shareholder Agreement • July 12th, 1999 • Union Bankshares Inc • State commercial banks • Vermont
EMPLOYEE
Employment Agreement • March 30th, 2000 • Union Bankshares Inc • State commercial banks • Vermont
SUBORDINATED NOTE PURCHASE AGREEMENT
Subordinated Note Purchase Agreement • August 27th, 2021 • Union Bankshares Inc • State commercial banks • Vermont

This SUBORDINATED NOTE PURCHASE AGREEMENT (this “Agreement”) is dated as of August 26, 2021, and is made by and between Union Bankshares, Inc., a Vermont corporation (the “Company”), and the purchaser of the Subordinated Note (as defined herein) identified on the signature page hereto (the “Purchaser” and, together with the several other purchasers of the Subordinated Notes, the “Purchasers”).

UNION BANK ENDORSEMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT
Endorsement Split Dollar Life Insurance Agreement • April 10th, 2015 • Union Bankshares Inc • State commercial banks

THIS ENDORSEMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT (“Agreement”) is made and entered into this 7th day of April, 2015, by and between Union Bank (“Bank”), a bank located at 20 Lower Main Street Morrisville, VT 05661, and David S. Silverman (“Executive”). The purpose of this Agreement is to retain and reward the Executive, by dividing the death proceeds of certain life insurance policies which are owned by the Bank on the life of the Executive with the designated beneficiary of the Executive. The Bank will pay the life insurance premiums from its general assets.

AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • August 24th, 2021 • Union Bankshares Inc • State commercial banks • Vermont

THIS AMENDED AND RESTATED CHANGE IN CONTROL AGREEMENT (this "Agreement"), is entered into and effective as of the date shown on the signature page hereof, by and between Union Bank (the “Bank”), a Vermont-chartered financial institution and wholly-owned subsidiary of Union Bankshares, Inc. (the “Parent”), and__________________ (the “Executive”) and is joined in by the Parent for purposes of making the undertakings in Sections 6.02 and 6.03.

STOCK OPTION AGREEMENT
Stock Option Agreement • March 13th, 2015 • Union Bankshares Inc • State commercial banks

WHEREAS, in April, 2008 the Board of Directors of the Corporation approved and adopted the 2008 Incentive Stock Option Plan of Union Bankshares, Inc. and Subsidiary (the "Plan"), subject to approval by the Corporation’s shareholders;

CHANGE IN CONTROL
Waiver and Release • June 4th, 2014 • Union Bankshares Inc • State commercial banks • Vermont

THIS CHANGE IN CONTROL AGREEMENT (this "Agreement"), is entered into and effective as of the date shown on the signature page hereof, by and between Union Bank, a Vermont-chartered financial institution (the “Bank”), and David S. Silverman (the “Executive”).

PURCHASE AND ASSUMPTION AGREEMENT
Purchase and Assumption Agreement • March 17th, 2011 • Union Bankshares Inc • State commercial banks • New Hampshire

Purchase and Assumption Agreement (the "Agreement"), dated as of March 16, 2011 between Northway Bank ("Seller"), a New Hampshire state-chartered bank having its principal office in Berlin, New Hampshire and Union Bank ("Purchaser"), a Vermont state-chartered bank having its principal office in Morrisville, Vermont.

ADOPTION AGREEMENT
Adoption Agreement • March 31st, 2009 • Union Bankshares Inc • State commercial banks

THIS ADOPTION AGREEMENT is the adoption by Union Bankshares, Inc. ("Bankshares"), or "Employer" and Union Bank ("Bank") of the 2008 Amended and Restated Nonqualified Deferred Compensation Plan of Union Bankshares, Inc. ("Plan").

UNION BANKSHARES, INC. FIRST AMENDMENT TO ADOPTION AGREEMENT
Adoption Agreement • March 31st, 2009 • Union Bankshares Inc • State commercial banks

This First Amendment to Adoption Agreement (this "First Amendment") is made by Union Bankshares, Inc. ("Bankshares") and Union Bank, Inc. ("Bank"), each of which is a Participating Employer under the Plan (as hereinafter defined).

UNION BANK SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT Effective March 1, 2020
Supplemental Executive Retirement Agreement • March 19th, 2021 • Union Bankshares Inc • State commercial banks • Vermont

THIS SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT (“Agreement”) is made and entered into this 1st day of March, 2020, between Union Bank (“Employer”) and DavidS. Silverman (“Executive”).

CHANGE IN CONTROL
Change in Control • March 13th, 2015 • Union Bankshares Inc • State commercial banks • Vermont

THIS CHANGE IN CONTROL AGREEMENT (this "Agreement"), is entered into and effective as of the date shown on the signature page hereof, by and between Union Bank, a Vermont-chartered financial institution (the “Bank”), and Jeffrey G. Coslett (the “Executive”).

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