EMPLOYMENT AGREEMENTEmployment Agreement • December 21st, 2007 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledDecember 21st, 2007 Company Industry JurisdictionAGREEMENT made as of the 1st day of January, 2008, (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the "Bank"), and THOMAS L. HOY, residing at 25 Pershing Road, Queensbury, New York 12804 (the "Executive").