0001157523-11-005021 Sample Contracts

CHANGE IN CONTROL SEVERANCE AGREEMENT
Change in Control Severance Agreement • August 15th, 2011 • SBT Bancorp, Inc. • State commercial banks • Connecticut

This Agreement is made and entered into, effective as of the 25th day of April, 2011, by and between The Simsbury Bank & Trust Company, Inc., a state bank and trust company with its principal office and place of business at 981 Hopmeadow Street, Simsbury, Connecticut 06070 (“Bank”) and Michael L. Alberts (“Executive”).

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SBT BANCORP, INC. SBT Bancorp, Inc. 2011 Stock Award and Option Plan
Incentive Stock Option Agreement • August 15th, 2011 • SBT Bancorp, Inc. • State commercial banks

This Agreement, is made as of the grant date indicated in Section 3 below, and between SBT Bancorp, Inc. (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the SBT Bancorp, Inc. 2011 Stock Award and Option Plan (the “Plan”). (Terms not defined herein shall have the same meaning as in the Plan.)

SBT Bancorp, Inc. 2011 Stock Award and Option Plan
Non-Qualified Stock Option Agreement • August 15th, 2011 • SBT Bancorp, Inc. • State commercial banks

This Agreement, is made as of the grant date indicated in Section 3 below, and between SBT Bancorp, Inc. (the “Company”), and the undersigned individual (the “Optionee”), pursuant to the SBT Bancorp, Inc. 2011 Stock Award and Option Plan (the “Plan”). (Terms not defined herein shall have the same meaning as in the Plan.)

SBT BANCORP, INC. RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • August 15th, 2011 • SBT Bancorp, Inc. • State commercial banks • Connecticut

This Restricted Stock Agreement (this “Agreement”) is made as of this ____ day of _______, 2011, by and between SBT Bancorp, Inc. (the “Company”), a Connecticut corporation, and ___________________________ (“Award Recipient”) pursuant to the SBT Bancorp, Inc. 2011 Stock Award and Option Plan.

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