SALISBURY BANK AND TRUST COMPANY SPLIT DOLLAR LIFE INSURANCE AGREEMENTSplit Dollar Life Insurance Agreement • September 2nd, 2021 • Salisbury Bancorp, Inc. • Savings institution, federally chartered • Connecticut
THIS AGREEMENT (the “Agreement”) is made and entered into this 1st day of September, 2021, by and between Salisbury Bank and Trust Company, a banking corporation, located in Lakeville, CT (the “Bank”), and Richard Cantele, a current employee of the Bank (hereinafter referred to as the “Employee”). This Agreement supersedes any prior split dollar agreement that may be in effect as of the effective date of this Agreement and hereby nullifies and cancels any such prior split dollar agreement.
