0000717538-18-000051 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • February 6th, 2018 • Arrow Financial Corp • National commercial banks • New York

EMPLOYMENT AGREEMENT executed as of February 1, 2018 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and THOMAS J. MURPHY, residing at 186 Hudson Pointe Blvd., Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2018 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.

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Arrow Financial Corporation Restricted Stock Unit Agreement
Restricted Stock Unit Agreement • February 6th, 2018 • Arrow Financial Corp • National commercial banks • New York

This Restricted Stock Unit Agreement (this “Agreement”) is made and entered into as of January 31, 2018 (the “Grant Date”) by and between Arrow Financial Corporation, a New York corporation (the “Company”) and Thomas J. Murphy (the “Grantee”).

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