FORM OF EMPLOYMENT AGREEMENTEmployment Agreement • August 7th, 1997 • Northway Financial Inc • New Hampshire
FORM OF EMPLOYMENT AGREEMENTForm of Employment Agreement • August 7th, 1997 • Northway Financial Inc • New Hampshire
FORM OF VOTING AGREEMENT March __, 1997Voting Agreement • August 7th, 1997 • Northway Financial Inc • New Hampshire
August 6, 1997Northway Financial Inc • August 7th, 1997
Northway Financial, Inc. ("Northway") has entered into an Agreement and Plan of Merger, dated as of March 14, 1997 (the "Merger Agreement"), by and among Northway, The Berlin City Bank ("BCB"), a New Hampshire bank and the parent of Northway, Pemi Bancorp, Inc. ("PEMI"), and Pemigewasset National Bank ("PNB"), a wholly owned national bank subsidiary of PEMI. Under the terms of the Merger Agreement, (i) Northway will organize a new New Hampshire trust company, Berlin Interim Trust Company ("BITC"), (ii) pursuant to a Plan of Reorganization (the "BCB Reorganization Plan"), BITC will merge with and into BCB (the "BCB Reorganization"), as a result of which BCB will become a wholly owned direct subsidiary of Northway, and (iii) following the BCB Reorganization, PEMI will merge with and into Northway, with Northway being the surviving corporation (the "Merger"). As a result of the foregoing transactions, Northway will be the bank holding company for BCB and PNB, and each of BCB and PNB will
