EMPLOYMENT AGREEMENT FOREmployment Agreement • July 31st, 2015 • Merchants Bancshares Inc • State commercial banks • Vermont
This Employment Agreement (this “Agreement”) is made as of the 27th day of April, 2015, among Merchants Bank, a Vermont-chartered bank headquartered in South Burlington, Vermont (the “Bank”), Merchants Bancshares, Inc., a Delaware corporation headquartered in South Burlington, Vermont (the “Corporation” and together with the Bank, the “Corporations”), and M. Dale Janes (the “Executive”).
ADDENDUM AND WAIVER AGREEMENT REGARDING EMPLOYMENT AGREEMENT FORAddendum and Waiver Agreement • July 31st, 2015 • Merchants Bancshares Inc • State commercial banks • Massachusetts
This Addendum and Waiver Agreement (this “Addendum”) is made as of the 27th day of April, 2015, by and among NUVO Bank and Trust Company (“NUVO”), a Massachusetts chartered commercial bank headquartered in Springfield, Massachusetts, M. Dale Janes (“Executive”), Merchants Bancshares, Inc., a Delaware corporation headquartered in South Burlington, Vermont (“Merchants”) and Merchants Bank, a Vermont-chartered commercial bank headquartered in South Burlington, Vermont (“Merchants Bank”), for the purpose of supplementing, clarifying, waiving, modifying and terminating certain provisions of the Employment Agreement dated as of January 1, 2013, between the Executive and NUVO (the “NUVO Employment Agreement”).
VOTING AGREEMENTVoting Agreement • July 31st, 2015 • Merchants Bancshares Inc • State commercial banks • Delaware
VOTING AGREEMENT (this “Agreement”), dated as of April 27, 2015, by and between Merchants Bancshares, Inc., a Delaware corporation (“Merchants”), and the undersigned holder (“Shareholder”) of the common stock, par value $0.01 per share (“Common Stock”), of NUVO Bank & Trust Company, a Massachusetts-chartered banking corporation (“NUVO”). Unless otherwise defined herein, all capitalized terms used in this Agreement shall have the meanings ascribed to them in the Merger Agreement.
