CHANGE IN CONTROL SEVERANCE AGREEMENT COMMONWEALTH NATIONAL BANKChange in Control Severance Agreement • March 24th, 2009 • CNB Financial Corp. • National commercial banks • Massachusetts
This Agreement is made and entered into, effective as of May 30, 2008, by and between Commonwealth National Bank, a national bank with its principal office and place of business at 33 Waldo Street, Worcester, Massachusetts (“Bank”) and Charles R. Valade, a resident of Sutton, Massachusetts (“Executive”). This Agreement constitutes a restatement, in its entirety, of the agreement entered into by and between the parties effective as of May 18, 2006.
