CHANGE IN CONTROL AGREEMENTChange in Control Agreement • January 15th, 2010 • United Bancshares Inc/Oh • National commercial banks • Ohio
THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”) is made and entered into as of this 14th day of January, 2010 (the “Effective Date”) by and between United Bancshares, Inc., an Ohio corporation with its principal office located in Columbus Grove, Ohio (“United”), The Union Bank Company, an Ohio state-chartered bank with its principal office located in Columbus Grove, Ohio (“Union”) and Daniel W. Schutt, a resident of Ohio (the “Employee”). United and Union, individually and in the aggregate are referred to herein as the Company. Capitalized terms used but not defined in the text of this Agreement shall have the meaning set forth in Annex A attached hereto.
