0000726517-15-000006 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 13th, 2015 • Merchants Bancshares Inc • State commercial banks • Vermont

This Employment Agreement (“Agreement”) is made as of the 10th of November, 2014 (the “Commencement Date”), among Merchants Bank, a Vermont chartered bank (the “Bank”), and Thomas Meshako (the “Executive”).

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EMPLOYMENT AGREEMENT
Employment Agreement • March 13th, 2015 • Merchants Bancshares Inc • State commercial banks • Vermont

This Employment Agreement (“Agreement”) is made as of the first day of January, 2015 (the “Commencement Date”), between Merchants Bancshares, Inc., a Delaware corporation (the “Corporation”), and Michael R. Tuttle (the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • March 13th, 2015 • Merchants Bancshares Inc • State commercial banks • Vermont

This Employment Agreement (“Agreement”) is made as of the first day of January, 2011 (the “Commencement Date”), among Merchants Bank, a Vermont chartered bank (the “Bank”), and Molly Dillon (the “Executive”).

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