FORM OF SETTLEMENT AGREEMENTForm of Settlement Agreement • February 26th, 2007 • Chittenden Corp /Vt/ • State commercial banks • Maine
This Settlement Agreement (the “Agreement”) is entered into as of January 18, 2007 by and among [ ] (the “Executive”), CHITTENDEN CORPORATION (the “Buyer”), a Vermont corporation, MERRILL MERCHANTS BANCSHARES, INC., a Maine corporation (the “Seller”) and MERRILL MERCHANTS BANK, a Maine chartered stock bank (the “Seller Bank”).
