0001558370-17-001813 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 15th, 2017 • Merchants Bancshares Inc • State commercial banks • Vermont

This Employment Agreement (“Agreement”) is made as of the 15th of April, 2015 (the “Commencement Date”), among Merchants Bank, a Vermont chartered bank (the “Bank”), Merchants Bancshares, Inc., a Delaware corporation (the “Corporation” and together with the Bank, the “Corporations”), and Bruce Bernier (the “Executive”).

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MANAGEMENT CONSULTING AGREEMENT
Management Consulting Agreement • March 15th, 2017 • Merchants Bancshares Inc • State commercial banks • Vermont

This MANAGEMENT CONSULTING AGREEMENT (the “Management Consulting Agreement” or the “Agreement”) is entered into by and between Merchants Bancshares, Inc., a Delaware corporation (the “Company”), and CFO Consulting Partners LLC, a New Jersey limited liability company (“Consultant”).

ADDENDUM TO MANAGEMENT CONSULTING AGREEMENT
Management Consulting Agreement • March 15th, 2017 • Merchants Bancshares Inc • State commercial banks

This addendum is an amendment to, and is made part of, the MANAGEMENT CONSULTING AGREEMENT (the “Agreement”) dated December 31, 2015 between Merchants Bancshares, Inc. (the “Company”) and CFO Consulting Partners LLC (the “Consultant”).

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