0001193125-07-070125 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2007 • Beverly National Corp • National commercial banks • Massachusetts

AGREEMENT made and entered into as of the 6th day of October, 2003 by and between Beverly National Bank, a national banking association having its principal place of business at 240 Cabot Street in Beverly, Massachusetts 01915 (the “Bank”), and John Putney with a principal residence of 29 Berrywood Lane, Beverly, Massachusetts 01915 (the “Employee”).

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EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2007 • Beverly National Corp • National commercial banks • Massachusetts

AGREEMENT made and entered into as of the 23rd day of February, 2000 by and between Beverly National Bank, a national banking association having its principal place of business in Beverly, Massachusetts (‘Bank), and James E. Rich, Jr. (the “Employee”).

THE BEVERLY NATIONAL BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 30th, 2007 • Beverly National Corp • National commercial banks • Massachusetts

THIS AGREEMENT is adopted this 11th day of August, 2003, by and between THE BEVERLY NATIONAL BANK, a national bank located in Beverly, Massachusetts (the “Bank”), and DONAT A. FOURNIER (the “Executive”).

BEVERLY NATIONAL CORPORATION Beverly, MA 01915 CHANGE IN CONTROL AGREEMENT WITH MICHAEL O. GILLES DATED AUGUST 29, 2005
Change in Control Agreement • March 30th, 2007 • Beverly National Corp • National commercial banks • Massachusetts

Beverly National Corporation, a Massachusetts corporation (“Corporation”), expects that during your tenure as an officer of Beverly National Bank, a wholly-owned subsidiary of the Corporation (the “Bank”), you will contribute to the growth and success of the Bank in significant ways, and that you will develop an intimate knowledge of the business and affairs of the Bank and of its policies, methods, personnel and problems. The Corporation also recognizes that such contributions and knowledge are expected to be of significant benefit to the future growth and success of the Bank and the Corporation.

EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2007 • Beverly National Corp • National commercial banks • Massachusetts

AGREEMENT made and entered into as of the 9th day of July, 2002 by and between Beverly National Corporation, a Massachusetts corporation having its principal place of business at 240 Cabot Street in Beverly, Massachusetts 01915 (“Company”), and Donat Fournier with a principal residence of 17 Homestead Road in West Simsbury, Connecticut 06092-2227 (the “Employee”).

BEVERLY NATIONAL CORPORATION Beverly, MA 01915 CHANGE IN CONTROL AGREEMENT WITH LORRAINE MITCHELL EFFECTIVE JANUARY 1, 2007
Control Agreement • March 30th, 2007 • Beverly National Corp • National commercial banks

Beverly National Corporation, a Massachusetts corporation (“Corporation”), expects that during your tenure as an officer of Beverly National Bank, a wholly-owned subsidiary of the Corporation (the “Bank”), you will contribute to the growth and success of the Bank in significant ways, and that you will develop an intimate knowledge of the business and affairs of the Bank and of its policies, methods, personnel and problems. The Corporation also recognizes that such contributions and knowledge are expected to be of significant benefit to the future growth and success of the Bank and the Corporation.

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