0001104659-22-095181 Sample Contracts

RETIREMENT AGREEMENT
Retirement Agreement • August 26th, 2022 • Community Bank System, Inc. • National commercial banks • New York

THIS RETIREMENT AGREEMENT (this “Agreement”) is made by and among JOSEPH F. SERBUN (“Employee”), COMMUNITY BANK SYSTEM, INC., a Delaware corporation and registered bank holding company (“CBSI”), and COMMUNITY BANK, N.A., a national banking association (“CBNA,” and together with CBSI, the “Company”), dated as of August 24, 2022 (the “Signing Date”).

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AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • August 26th, 2022 • Community Bank System, Inc. • National commercial banks

This sets forth the terms of an Amendment to the March 22, 2021 Employment Agreement between (i) COMMUNITY BANK SYSTEM, INC., a Delaware corporation and registered bank holding company (“CBSI”), and COMMUNITY BANK, N.A., a national banking association (“CBNA”), both having offices located in Dewitt, New York (collectively, the “Employer”), and (ii) DIMITAR KARAIVANOV (“Employee”). This Amendment is effective as of August 24, 2022.

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