Deferred Compensation Plan for Directors Sample Contracts

TRUST UNDER THE MERCHANTS BANK AMENDED AND RESTATED DEFERRED COMPENSATION PLAN FOR DIRECTORS
Deferred Compensation Plan for Directors • March 15th, 2011 • Merchants Bancshares Inc • State commercial banks

This Trust Agreement is made this 20th day of December, 1995, by and between THE MERCHANTS BANK (the "Company") and THE MERCHANTS TRUST COMPANY (the "Trustee").

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