EMPLOYMENT AGREEMENTEmployment Agreement • February 4th, 2019 • Arrow Financial Corp • National commercial banks • New York
EMPLOYMENT AGREEMENT executed as of this 30 day of January, 2019 (“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 subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“Saratoga”), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Fully, New York 12801 (“GFNB”) and DAVID. S. DEMARCO, residing at 2 Ingersoll Road, Saratoga Springs, New York 12866 (the “Executive”). Collectively, Saratoga and GFNB are referred to herein as the “Bank” and the Bank and Arrow are collectively referred to herein as the “Company.” The effective date of this Agreement shall be February 1, 2019 (the “Effective Date”). Capitalized terms used herein and not otherw
