0000717538-06-000058 Sample Contracts

MEMORANDUM OF UNDERSTANDING
Memorandum of Understanding • November 8th, 2006 • Arrow Financial Corp • National commercial banks

This MEMORANDUM OF UNDERSTANDING (“MOU”) is made and entered into this 17TH day of October, 2006 (“Effective Date”) by and between Arrow Financial Corporation, a New York corporation (“Arrow”) and John J. Murphy, Executive Vice President and Chief Financial Officer of Arrow (“Executive”) (collectively, the “Parties”).

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