EMPLOYMENT AGREEMENT BETWEEN BEVERLY NATIONAL CORPORATION AND MICHAEL O. GILLES EMPLOYMENT AGREEMENTEmployment Agreement • August 30th, 2005 • Beverly National Corp • National commercial banks • Massachusetts
AGREEMENT made and entered into as of the 29th day of August, 2005 by and among Beverly National Corporation, a Massachusetts corporation, its subsidiary, Beverly National Bank, a national banking association having its principal place of business at 240 Cabot Street in Beverly, Massachusetts 01915 (which are collectively or individually referred to as the “Bank”), and Michael O. Gilles an individual, with a principal residence of 74 Oak Trail, Bolton, Massachusetts 01740 (the “Employee”).
CHANGE IN CONTROL AGREEMENT WITH MICHAEL O. GILLES DATED AUGUST 29, 2005Change in Control Agreement • August 30th, 2005 • Beverly National Corp • National commercial banks • Massachusetts
Beverly National Corporation, a Massachusetts corporation (“Corporation”), expects that during your tenure as an officer of Beverly National Bank, a wholly-owned subsidiary of the Corporation (the “Bank”), you will contribute to the growth and success of the Bank in significant ways, and that you will develop an intimate knowledge of the business and affairs of the Bank and of its policies, methods, personnel and problems. The Corporation also recognizes that such contributions and knowledge are expected to be of significant benefit to the future growth and success of the Bank and the Corporation.
