0000950156-11-000041 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 23rd, 2011 • 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 Geoffrey R. Hesslink (the “Executive”).

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EMPLOYMENT AGREEMENT
Employment Agreement • March 23rd, 2011 • 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 and Merchants Bancshares, Inc., a Delaware corporation (collectively, the “Corporations”), and Janet P. Spitler (the “Executive”).

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