0000740971-17-000013 Sample Contracts

RETIREMENT AGREEMENT, WAIVER AND GENERAL RELEASE
Retirement Agreement, Waiver and General Release • March 15th, 2017 • Old Point Financial Corp • National commercial banks

This Retirement Agreement (the "Agreement") dated March 10, 2017 confirms the following understandings and agreements with Old Point Financial Corporation, its officers, directors, employees, agents, successors, assigns, affiliates, and subsidiaries, including but not limited to, The Old Point National Bank of Phoebus and Old Point Trust & Financial Services, N.A., along with their affiliates, successors, assigns, officers, directors, employees, and agents (hereinafter collectively called the "Company", "Old Point") and Laurie Grabow ("Employee", "you" or "your", "her or herself") with respect to Employee's retirement from the Company.

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