0000706863-15-000012 Sample Contracts

CHANGE IN CONTROL

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

• Contract Type
  Change in Control Agreement
• Filed
  March 13th, 2015
• Company
  Union Bankshares Inc
• Industry
  State commercial banks
• Jurisdiction
  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”).

STOCK OPTION AGREEMENT

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

• Contract Type
  Stock Option Agreement
• Filed
  March 13th, 2015
• Company
  Union Bankshares Inc
• Industry
  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;