SEVERANCE AGREEMENT by and between SALISBURY BANK AND TRUST COMPANY and RICHARD J. CANTELE, JR.Severance Agreement • February 15th, 2013 • Salisbury Bancorp Inc • Savings institution, federally chartered • Connecticut
This Severance Agreement (this “Agreement”) is made and entered into effective as of January 1, 2013 (the “Effective Date”), by and between Salisbury Bank and Trust Company, a Connecticut-chartered commercial bank with its principal administrative office at 5 Bissell Street, Lakeville, CT 06039-1868 (together with its successors and assigns, the “Bank”) and Richard J. Cantele, Jr. (“Executive”). Any reference to the “Company” hereunder shall mean Salisbury Bancorp, Inc. (together with its successors and assigns), the parent of the Bank that owns 100% of the Bank.
