Union Bankshares, Inc. – Union Bank Endorsement Split Dollar Life Insurance Agreement (April 10th, 2015)
THIS ENDORSEMENT SPLIT DOLLAR LIFE INSURANCE AGREEMENT ("Agreement") is made and entered into this 7th day of April, 2015, by and between Union Bank ("Bank"), a bank located at 20 Lower Main Street Morrisville, VT 05661, and Jeffrey G. Coslett ("Executive"). The purpose of this Agreement is to retain and reward the Executive, by dividing the death proceeds of certain life insurance policies which are owned by the Bank on the life of the Executive with the designated beneficiary of the Executive. The Bank will pay the life insurance premiums from its general assets.
Union Bankshares, Inc. – Change in Control (March 13th, 2015)
THIS CHANGE IN CONTROL AGREEMENT (this "Agreement"), is entered into and effective as of the date shown on the signature page hereof, by and between Union Bank, a Vermont-chartered financial institution (the "Bank"), and Jeffrey G. Coslett (the "Executive").