CHANGE IN CONTROL AGREEMENT by and between SALISBURY BANK AND TRUST COMPANY and PETER ALBEROChange in Control Agreement • January 30th, 2020 • Salisbury Bancorp Inc • Savings institution, federally chartered • Connecticut
This Change in Control Agreement (this “Agreement”) is made and entered into effective as of January 1, 2020 (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, P.O. Box 1868, Lakeville, CT 06039-1868 (together with its successors and assigns, the “Bank”) and Peter Albero (“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.
SEVERANCE AGREEMENT by and between SALISBURY BANK AND TRUST COMPANY and JOHN M. DAVIESSeverance Agreement • January 30th, 2020 • Salisbury Bancorp Inc • Savings institution, federally chartered • Connecticut
This Severance Agreement (this “Agreement”) is made and entered into, effective as of January 1, 2020 (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 John M. Davies (“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.
