0001193125-09-054691 Sample Contracts

AMENDED AND RESTATED MANAGEMENT CONTINUITY AGREEMENT
Management Continuity Agreement • March 16th, 2009 • Union Bankshares Corp • State commercial banks • Virginia

This Agreement (“Agreement”), dated November 21, 2000, is between Union Bankshares Corporation, a Virginia corporation (the “Company”), and G. William Beale (the “Executive”) and is amended as of December 31, 2008, in order to comply with applicable provisions of Section 409A of the Internal Revenue Code of 1986, as amended, to provide as follows.

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AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2009 • Union Bankshares Corp • State commercial banks • Virginia

This Employment Agreement (this “Agreement”) is made as of May 1, 2006, by and between Union Bankshares Corporation, a Virginia corporation (the “Company”), and D. Anthony Peay (the “Officer”) and is amended as of December 31, 2008, in order to comply with applicable provisions of Section 409A of the Internal Revenue Code of 1986, as amended.

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2009 • Union Bankshares Corp • State commercial banks • Virginia

This Amended and Restated Employment Agreement (this “Agreement”) is made as of May 1, 2006, by and between Union Bank and Trust Company, a Virginia banking corporation (the “Bank”), and John C. Neal (the “Officer”), and to which Union Bankshares Corporation, a Virginia corporation and parent company of the Bank (the “Company”), is made a party, and is amended as of December 31, 2008, in order to comply with applicable provisions of Section 409A of the Internal Revenue Code of 1986, as amended.

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