EX-10.9



 Exhibit 10.9 

EMPLOYMENT AGREEMENT 

THIS EMPLOYMENT AGREEMENT (the “Agreement”), is made as of the 2nd day of
November, 2016, between Bay Banks of Virginia, Inc., a Virginia corporation (the “Corporation”), Bank of Lancaster (the “Bank”), a wholly-owned bank subsidiary of the Corporation, and C. Frank Scott, III (“Executive”).

 WHEREAS, Virginia BanCorp Inc., and the Corporation have entered into the Agreement and Plan of Merger dated as of November 2, 2016
(the “Reorganization Agreement”) under which Virginia BanCorp Inc. will merge into the Corporation, with the Corporation being the surviving corporation (the “Merger”) and Virginia Commonwealth Bank, a wholly-owned bank
subsidiary of Virginia BanCorp Inc., will merge into the Bank, with the Bank being the surviving corporation; 
 WHEREAS, based on
Executive’s position as a key executive officer of Virginia Commonwealth Bank and as a material inducement for the Corporation to enter into the Reorganization Agreement, the Executive, the Bank, and the Corporation have agreed that upon the
consummation of the Merger the Executive shall become an employee of the Bank under the terms and conditions set forth herein; and 

WHEREAS, the Executive is willing to make his services available to the Corporation and the Bank on the terms and subject to the conditions
set forth herein. 
 NOW, THEREFORE, in consideration of the mutual promises herein contained, and of other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties, intending legally to be bound, agree as follows: 

Section 1. Employment. 

(a) Conditional upon consummation of the Merger and the Executive being in the employment of Virginia Commonwealth Bank on the effective date
of the Merger, as evidenced by the date and time shown on the certificate of merger issued by the Virginia State Corporation Commission effecting the Merger (the “Merger Date”), and effective at the Merger Date, Executive shall be employed
as the President of the Bank and shall perform such services as may be assigned to Executive by the Bank and Corporation from time to time upon the terms and conditions herein provided. 

(b) References in this Agreement to services rendered for the Bank and compensation and benefits payable or provided by the Bank shall include
services rendered for, and compensation and benefits payable or provided by, the Corporation or any Affiliate of the Corporation. References in this Agreement to the “Bank” also shall mean and refer to each Affiliate of the Corporation for
which Executive performs services. References in this Agreement to “Affiliate” shall mean any business entity that, directly or indirectly, through one or more intermediaries, is controlled by Bay Banks of Virginia, Inc. 

  
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 (c) The Executive shall devote his full time and attention to the discharge of the duties
assigned to and undertaken by him hereunder. Executive shall comply with all policies, standards and regulations of the Bank now or hereafter promulgated, and shall perform his duties under this Agreement to the best of his abilities and in
accordance with general business standards of conduct. 
 (d) Executive acknowledges that he is entering into this Agreement of his own free
will and that he has had the opportunity to obtain the advice of independent counsel of his own choice. 
 Section 2. Term of
Employment. 
 The term of this Agreement shall be deemed to commence on the Merger Date and shall end on the third anniversary of the
Merger Date, unless earlier terminated as provided herein. This Agreement will automatically renew for one year unless either party notifies the other in writing, at least three (3) months prior to the end of the original term that the
Agreement shall not be extended beyond its current term. The term of this Agreement, including any renewal term, is referred to as the “Term.” 

Section 3. Compensation. 

(a) Base Salary. During the Term, the Bank shall pay Executive an annual base salary not less than $219,681.00 as compensation for
services rendered by Executive under this Agreement. The base salary shall be paid to Executive in accordance with established payroll practices of the Bank (but no less frequently than twice per month). The Executive may receive base salary
increases and incentive, bonus compensation or other compensation in the amounts determined by the Board of Directors of the Bank. 
 (b)
Annual Bonus. During the Term, Executive will be eligible to participate in any long-term or short-term incentive plans of the Bank and Corporation on the same basis as other similarly situated employees of the Bank, pursuant to any such
plans adopted by the Board of Directors of the Corporation or Bank or their Compensation Committees on an annual basis. 
 (c) Tax
Withholdings. The Bank shall withhold state and federal income taxes, social security taxes and such other payroll deductions as may from time to time be required by law. The Bank shall withhold and remit to the proper party any amounts agreed
to in writing by the Bank and the Executive for participation in any corporate sponsored benefit plans for which a contribution is required. 

(d) Compensation Following Termination. Except as otherwise expressly set forth herein, including without limitation, as set forth in
Section 7(d), no compensation shall be paid pursuant to this Agreement subsequent to any termination of Executive’s employment with the Bank. 

  
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 (e) Clawback. Executive agrees that any incentive compensation (as determined by the Bank
or Corporation) that Executive receives from the Bank, the Corporation or any Affiliate pursuant to this Agreement or otherwise is subject to repayment to (i.e., clawback by) the Bank, the Corporation or any Affiliate as required by federal law and
on such basis as the Bank or Corporation determines. Except where offset of, or recoupment from, compensation covered by Code Section 409A (as defined in Section 10) is prohibited by Code Section 409A, to the extent allowed by law and as
determined by the Bank or Corporation, Executive agrees that such repayment may, in the discretion of the Bank or Corporation, be accomplished by withholding of future compensation to be paid to Executive by the Bank, the Corporation or any
Affiliate. Any recovery of compensation covered by Code Section 409A shall be implemented in a manner which complies with Code Section 409A. 

(f) Director Fees. In Executive’s capacity as a member of the Board of Directors of the Bank and the Corporation, as applicable,
Executive shall receive a retainer and monthly Board of Directors meeting fees, in accordance with the policies of the respective Board of Directors established from time to time. 

Section 4. Additional Benefits. 

(a) Benefit Plans. Executive shall be entitled to participate in all of the Corporation’s and Bank’s employee benefit plans
and programs for which he is or will become eligible according to the terms of said plans or programs. It is understood that the Board of Directors of the Corporation or Bank or their Compensation Committees may, in their sole discretion, establish,
modify or terminate such plans or benefits. 
 (b) Automobile. The Bank shall provide the Executive with the use of a Bank-owned
vehicle for his use during the Term. 
 (c) Insurance and Indemnification. The Bank or the Corporation, as appropriate, shall maintain
appropriate insurance to indemnify Executive from any and all claims, suits, or causes of action that may arise from Executive’s employment with the Bank or the Corporation. Indemnification of Executive shall be according to the terms and
conditions of the insurance policies covering Executive, the articles of incorporation of the Bank and the Corporation and Virginia law. 

Section 5. Expense Reimbursement. 

The Bank shall reimburse Executive for reasonable and customary business expenses incurred in the conduct of the Bank’s business in
accordance with the Bank’s policy. The Bank reserves the right to review these expenses periodically and determine, in its sole discretion, whether future reimbursement of such expenses to Executive will continue without prior approval by the
Board of Directors or the Bank or its designee of the expenses. Executive agrees to timely submit records and receipts of reimbursable items and agrees that the Bank can adopt reasonable rules and policies regarding such reimbursement. The Bank
agrees to make prompt payment to Executive following receipt and verification of such reports. 

  
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 Section 6. Paid Time Off. 

Executive shall be entitled to paid time off leave each year, according to applicable provisions of the Bank’s leave policies, which shall
be taken at such time or times as may be approved by the Bank and during which Executive’s compensation hereunder shall continue to be paid. 

Section 7. Termination and Survival of Obligations. 

(a) Notwithstanding the termination of this Agreement or the termination of Executive’s employment for any reason, the parties shall be
required to carry out any provisions of this Agreement which contemplate performance by them subsequent to such termination. In addition, no termination of this Agreement shall affect any liability or other obligation of either party which shall
have accrued prior to such termination, including, but not limited to, any liability, loss or damage on account of breach. No termination of employment shall terminate the obligation of the Bank to make payments of any vested benefits provided
hereunder or the obligations of Executive under Sections 8 and 9 of this Agreement (except as otherwise provided in those Sections). To the extent applicable, payouts under this Section 7 shall be subject to the provisions of Section 10.

 (b) Executive’s employment hereunder may be terminated by Executive upon thirty (30) days written notice to the Bank or at any
time by mutual agreement in writing. Upon such termination of employment, Executive shall have no right to receive compensation or other benefits under this Agreement for any period after such termination. Upon notice of such termination of
employment, the Bank, at its option, may relieve Executive of all duties. 
 (c) This Agreement shall terminate upon death of Executive;
provided, however, that in such event the Bank shall pay to the estate of Executive, within sixty (60) days of his death, (i) the compensation, including salary, which otherwise would be payable to Executive through the end of the month in
which his death occurs and any earned but unpaid bonuses; and (ii) a lump sum payment equal in amount to the aggregate annual base salary payments Executive would have received under Section 7(d)(1) if the Bank terminated Executive’s
employment other than for “Cause”, as defined in Section 7(e). Amounts, if any, payable under this Section 7(c) are in lieu of amounts payable under 7(d)(1). 

(d)(1) The Bank may terminate Executive’s employment other than for “Cause”, as defined in Section 7(e), at any time upon
written notice to Executive, which termination shall be effective immediately. Executive may resign thirty (30) days after notice to the Corporation for “Good Reason”, as hereafter defined. Provided the Executive signs a release and
waiver of claims reasonably satisfactory to the Bank within thirty (30) days following his termination, in the event the Executive’s employment terminates pursuant to this Section 7(d)(1), Executive shall receive: 

 

	 	(i)	An amount equal to a monthly amount equal to one-twelfth (1/12) his rate of annual base salary in effect immediately preceding such termination in each month for the remainder of
the Term; any such payments shall be at the times such payments would have been made in accordance with Section 3(a) subject to the provision of Section 10(c), if applicable. 


  
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	 	(ii)	Any bonus or other short term incentive compensation earned, but not yet paid, for the year prior to the year in which his employment terminates which shall be paid at the time such bonus or incentive compensation would
otherwise be payable if no termination had occurred; and 

  

	 	(iii)	If Executive timely elects coverage under the Consolidated Omnibus Reconciliation Act of 1985, as amended (“COBRA”), the continuance of Executive’s current benefits under group health and dental plans. In
such case for the period in which payments are made under Section 7(d)(i): (a) Executive will receive such benefits at the rates paid by active participants, and (b) the Bank will continue to pay its portion of such health and dental premiums
in effect at the date of termination. In no event shall such benefits continue beyond the period permitted by COBRA. 

 (d)(2)
Notwithstanding anything in this Agreement to the contrary, if Executive breaches Section 8 of this Agreement, Executive will not thereafter be entitled to receive any further compensation or benefits pursuant to Section 7(d)(1). 

(d)(3) For purposes of this Agreement, Good Reason shall mean: 
  

	 	(i)	A change in Executive’s title with respect to the Bank such that he is no longer President of the Bank without his express written consent; 


 

	 	(ii)	The assignment of duties to the Executive by the Bank or the Corporation which result in the Executive having significantly less authority or responsibility than he has on the date hereof without his express written
consent; 

  

	 	(iii)	Requiring the Executive to maintain his principal office in a location that is more than fifty (50) miles from the Executive’s principal office on the Merger Date; 


 

	 	(iv)	A material reduction by the Bank or the Corporation of the Executive’s base salary, as the same may have been increased from time to time; or 


 

	 	(v)	The Corporation’s or the Bank’s failure to comply with any material term of this Agreement. 


The Executive is required to provide notice to the Corporation and the Bank of the existence of a condition described in this Section 7(d)(3)
above within a ninety (90) day period beginning on the date of the initial existence of the condition, upon the notice of which the Bank or the Corporation, as applicable, shall have thirty (30) days to remedy the condition without having
to pay the amounts described in this section. 

  
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 (d)(4) If the Executive’s employment is terminated without Cause within one year after a
Change of Control shall have occurred or if he resigns for Good Reason within one year after a Change of Control shall have occurred, then the Bank shall pay to the Executive as compensation for services rendered to the Corporation and the Bank a
cash amount (subject to any applicable payroll or other taxes required to be withheld) equal to two (2) times (x) Executive’s base salary at the rate in effect (i) on the date of termination or, if greater,
(ii) immediately prior to the Change of Control, plus (y) Executive’s annual bonus for the most recent fiscal year of the Bank (i) that ends prior to Executive’s termination or, if greater, (ii) that ends
prior to the Change of Control, to be paid in one lump sum on or before the Executive’s last day of employment, subject to the provisions in Section 10(c), if applicable. In addition, if Executive timely elects coverage under COBRA, then, for
the lesser of two years after Executive’s last day of employment with the Bank or the applicable COBRA coverage period, (a) the group health and dental plan coverage elected by Executive under COBRA will continue at the rates paid by
active participants, and (b) the Bank will continue to pay its portion of such health and dental premiums in effect at the date of termination. Amounts payable, if any under this Section 7(d)(4) shall be in lieu of amounts payable under Section
7(d)(1). 
 (e) The Corporation and the Bank shall have the right to terminate Executive’s employment under this Agreement at any time
for Cause, which termination shall be effective immediately. Termination for “Cause” shall mean dishonesty, breach of a fiduciary duty involving personal profit, willful violation of any banking law, rule or regulation, commission of a
felony, or a material breach of this Agreement. In the event Executive’s employment under this Agreement is terminated for Cause, Executive shall thereafter have no right to receive compensation or other benefits under this Agreement, except
salary for services performed through the date of termination, and any other amounts required to be paid by law. 
 (f) The Corporation and
the Bank may terminate Executive’s employment under this Agreement, after having established that the Executive is unable to perform his obligations under this Agreement because of the Executive’s disability by giving to Executive written
notice of its intention to terminate his employment for disability. For purposes of this Agreement, “disability” means Executive’s inability to perform his obligations under this Agreement, with or without reasonable accommodation,
for a period of time expected to last more than 90 days. Notwithstanding any other provision of this Agreement, the Corporation and the Bank shall comply with all requirements of the Americans with Disabilities Act, 42 U.S.C. § 12101 et. seq.
Notwithstanding any other provision of this Agreement, if the Executive’s employment is terminated due to a “disability”, then he shall receive payments he would have received under Section 7(d)(1) if the Bank terminated
Executive’s employment other than for “Cause”, as defined in Section 7(e), on the same schedule as provided for in Section 7(d)(1). 

  
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 (g) If Executive is suspended and/or temporarily prohibited from participating in the conduct of
the Bank’s affairs by a notice served pursuant to the Federal Reserve Act, the Bank Holding Company Act of 1956 or the Federal Deposit Insurance Act or the Code of Virginia, each as amended, the obligations of the Bank and the Corporation under
this Agreement shall be suspended as of the date of service unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion (i) pay Executive all or part of the compensation withheld while
its contract obligations were suspended, and (ii) reinstate (in whole or in part) any of its obligations which were suspended. 
 (h) If
Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under the Federal Reserve Act, the Bank Holding Company Act of 1956, the Federal Deposit Insurance Act or the Code of
Virginia, each as amended, all obligations of the Bank and the Corporation under this Agreement shall terminate as of the effective date of the order, but vested rights of the parties shall not be affected. 

(i)(1) For purposes of this Agreement, a Change of Control occurs if, after the date of this Agreement: (i) any person, including a
“group” as defined in Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), becomes the owner or beneficial owner of securities of the Corporation having fifty percent (50%) or more of the
combined voting power of the then outstanding securities of the Corporation that may be cast for the election of the Corporation’s directors other than a result of an issuance of securities initiated by the Corporation, or open market purchases
approved by the Corporation’s Board of Directors, as long as the majority of the Corporation’s Board of Directors approving the purchases is a majority at the time the purchases are made; (ii) as the direct or indirect result of, or
in connection with, a tender or exchange offer, a merger or other business combination, a sale of assets, a contested election of directors, or any combination of these events, the persons who were directors of the Corporation before such events
cease to constitute a majority of the Corporation’s Board of Directors, or any successor’s board, within the twelve (12) month period of the last of such transactions; or (iii) the Corporation sells to an unaffiliated third party
at least forty percent (40%) of the gross fair market value of the assets of the Corporation or securities of the Corporation having fifty (50%) or more of the combined voting power of the then outstanding Corporation securities that may be cast for
the election of the Corporation’s directors. For purposes of this Agreement, a Change of Control occurs on the date on which an event described in clause (i), (ii) or (iii) of the preceding sentence occurs. If a Change of Control occurs on
account of a series of transactions or events, the Change of Control occurs on the date of the last of such transactions or events. Executive and the Corporation agree that the anticipated merger with Virginia BanCorp Inc. and its subsidiary
Virginia Commonwealth Bank shall not be considered a Change of Control. 
 (i)(2) It is the intention of the parties that no payment be made
or benefit provided to Executive pursuant to this Agreement that would constitute an “excess parachute payment” within the meaning of Section 280G of the Code and any regulations thereunder, thereby resulting in a loss of an income tax
deduction by the Bank or the imposition of an excise tax on Executive under Section 4999 of the Code. If the independent accountants serving as auditors for the Bank prior to the date of a Change of Control (or any other accounting firm or tax
adviser designated by the Bank prior to the Change of Control) determine that some or all of the payments or benefits scheduled under this Agreement, as well as any other payments or benefits on a Change of Control, would be nondeductible by the
Bank under Section 280G of the Code, 

  
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then the payments scheduled under this Agreement will be reduced to one hundred dollars less than the maximum amount which may be paid without causing any such payment or benefit to be
nondeductible. The determination made as to the reduction of benefits or payments required hereunder by the independent accountants shall be binding on the parties. 

Section 8. Confidentiality/Nondisclosure. 

Executive covenants and agrees that any and all information concerning the business, services, customers or affairs of the Corporation and Bank
(“Confidential Information”) of which he has knowledge or access as a result of his association and employment with the Bank in any capacity shall be deemed confidential in nature and the property of the Corporation and Bank, vital to
their businesses, and shall not, without the proper written consent of the Corporation or Bank, directly or indirectly, at any time be used, disseminated, disclosed or published by the Executive to third parties other than in connection with the
usual conduct of the business of the Corporation or Bank. Such Confidential Information shall expressly include, but shall not be limited to, information concerning the Corporation’s and Bank’s trade secrets, business operations, business
records, customer lists or other customer information. Upon termination of employment, the Executive shall deliver to the Bank all property in his possession which belongs to the Corporation or Bank including all originals and copies of documents,
forms, records or other information, in whatever form it may exist, concerning the Corporation or Bank or their business, customers, products or services. In construing this provision it is agreed that it shall be interpreted broadly so as to
provide the Corporation and Bank with the maximum protection. This Section 8 shall not be applicable to any Confidential Information which (i) has become generally known to and available for use by the public other than as a result of
Executive’s acts or omissions or (ii) which Executive is required to disclose pursuant to an order of a court of competent jurisdiction; provided that prior to making such disclosure Executive provides a copy of such order and the proposed
disclosure to the Corporation and Bank and allows the Corporation and Bank reasonable opportunity to comment on the proposed disclosure. This Section 8 shall survive the expiration of the Term. 

Section 9. Injunctive Relief, Damages. Etc. 

The Executive agrees that, given the nature of the positions held by Executive with the Bank, each and every one of the covenants and
restrictions set forth in Section 8 above are reasonable in scope, length of time and geographic area and are necessary for the protection of the significant investment of the Bank in developing, maintaining and expanding its business.
Accordingly, the parties hereto agree that in the event of any breach by Executive of any of the provisions of Section 8 that monetary damages alone will not adequately compensate the Bank for its losses and, therefore, that it shall be
entitled to any and all legal or equitable relief available to it, specifically including, but not limited to, injunctive relief, and the Executive shall be liable for all damages, including actual and consequential damages, costs and expenses, and
legal costs and actual attorney’s fees incurred by the Bank as a result of taking action to enforce, or recover for any breach of Section 8. The covenants contained in Section 8 shall be construed and interpreted in any judicial
proceeding to permit their enforcement to the maximum extent permitted by law. 

  
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 Section 10. Code Section 409A Compliance. 

(a) The intent of the parties is that payments and benefits under this Agreement comply with Section 409A of the Internal Revenue Code of 1986,
as amended, and applicable guidance thereunder (“Code Section 409A”) or comply with an exemption from the application of Code Section 409A and, accordingly, all provisions of this Agreement shall be construed in a manner consistent with
the requirements for avoiding taxes or penalties under Code Section 409A. 
 (b) Neither the Executive nor the Bank shall take any action to
accelerate or delay the payment of any monies and/or provision of any benefits in any matter which would not be in compliance with Code Section 409A. 

(c) If the Executive is deemed on the date of separation from service with the Bank to be a “specified employee”, within the meaning
of that term under Code Section 409A(a)(2)(B) and using the identification methodology selected by the Bank from time to time, or if none, the default methodology, then with regard to any payment or benefit that is required to be delayed in
compliance with Code Section 409A(a)(2)(B), such payment or benefit shall not be made or provided prior to the earlier of (i) the expiration of the six-month period measured from the date of the
Executive’s separation from service or (ii) the date of the Executive’s death. In the case of benefits required to be delayed under Code Section 409A, however, the Executive may pay the cost of benefit coverage, and thereby obtain
benefits, during such six-month delay period and then be reimbursed by the Bank thereafter when delayed payments are made pursuant to the next sentence. On the first day of the seventh month following the date
of the Executive’s separation from service or, if earlier, on the date of the Executive’s death, all payments delayed pursuant to this Section 10(c) (whether they would have otherwise been payable in a single sum or in installments in the
absence of such delay) shall be paid or reimbursed to the Executive in a lump sum, and any remaining payments and benefits due under this Agreement shall be paid or provided in accordance with the normal payment dates specified for them herein. If
any cash payment is delayed under this Section 10(c), then interest shall be paid on the amount delayed calculated at the prime rate reported in The Wall Street Journal for the date of the Executive’s termination to the date of payment. 

(d) With regard to any provision herein that provides for reimbursement of expenses or in-kind benefits
subject to Code Section 409A, except as permitted by Code Section 409A, (i) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit, and (ii) the
amount of expenses eligible for reimbursement, or in-kind benefits, provided during any taxable year shall not affect the expenses eligible for reimbursement, or in• kind benefits to be provided, in any
other taxable year, provided that the foregoing clause (ii) shall not be violated with regard to expenses reimbursed under any arrangement covered by Code Section 105(b) solely because such expenses are subject to a limit related to the period
the arrangement is in effect. All reimbursements shall be reimbursed in accordance with the Corporation’s reimbursement policies but in no event later than the calendar year following the calendar year in which the related expense is incurred.


  
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 (e) If under this Agreement, an amount is to be paid in two or more installments, for purposes of
Code Section 409A, each installment shall be treated as a separate payment. 
 (f) When, if ever, a payment under this Agreement specifies a
payment period with reference to a number of days (e.g., “payment shall be made within ten (10) days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of
the Corporation. 
 (g) Notwithstanding any of the provisions of this Agreement, neither the Corporation nor the Bank shall be liable to the
Executive if any payment or benefit which is to be provided pursuant to this Agreement and which is considered deferred compensation subject to Code Section 409A otherwise fails to comply with, or be exempt from, the requirements of Code Section
409A 
 Section 11. Invalid Provisions. 

The invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision of
this Agreement, which shall remain in full force and effect. Any provision in this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be valid and enforceable to the fullest extent permitted by law
without invalidating or affecting the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 

Section 12. Entire Agreement. 

This Agreement constitutes the entire agreement among the parties with respect to the subject matter hereof and supersedes any and all other
agreements, either oral or in writing, among the parties hereto with respect to the subject matter hereof. This Agreement supersedes and replaces all prior employment agreements and/or change in control arrangements between Virginia Commonwealth
Bank and Executive. All such agreements, understandings and arrangements will be deemed terminated as of the Merger Date and will, as of the Merger Date, be of no force or effect. Executive expressly disclaims any rights under any such prior
agreements, understandings and arrangements. 
 Section 13. Notices. 

Any and all notices, designations, consents, offers, acceptance or other communications provided for herein shall be given in writing and shall
be deemed properly delivered if delivered in person or by registered or certified mail, return receipt requested, addressed in the case of the Corporation, to its Chairman, in the case of the Bank, to its Chairman, and in the case of Executive, to
his last known address. 

  
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 Section 14. Amendment and Waiver. 

This Agreement may not be amended except by an instrument in writing signed by or on behalf of each of the parties hereto. No waiver of any
provision of this Employment Agreement shall be valid unless in writing and signed by the person or party to be charged. 
 Section 15.
Case and Gender. 
 Wherever required by the context of this Agreement, the singular or plural case and the masculine, feminine and
neuter genders shall be interchangeable. 
 Section 16. Governing Law; Venue. 

Except where preempted by federal law, the Agreement shall be subject to and construed in accordance with the laws of the Commonwealth of
Virginia. Executive consents to the personal jurisdiction of the Circuit Court for the County of Lancaster, Virginia (and of the appropriate appellate courts) for any action or proceeding arising from or relating to this Agreement and waives any
objection of venue laid therein. 
 Section 17. Captions. 

The captions used in this Agreement are intended for descriptive and reference purposes only and are not intended to affect the meaning of any
Section hereunder. 
 Section 18. Binding Effect. 

This Agreement shall be binding upon Executive and on the Bank and the Corporation, and their successors and assigns effective on the date
first above written. The Bank will require any successor to all or substantially all of the business and/or assets of the Bank to assume expressly and agree to perform this Agreement in the same manner and to the same extent that the Bank and
Corporation would be required to perform it if no such succession had taken place. This Agreement shall be freely assignable by the Bank and the Corporation. 

Section 19. Regulatory Prohibition 

Notwithstanding anything in this Agreement to the contrary, it is understood and agreed that the Corporation (or any of its successors in
interest) shall not be required to make any payment or take any action under this Agreement if: (i) such payment or action is prohibited by any governmental agency having jurisdiction over the Corporation or any of its subsidiaries (a
“Regulatory Authority”) because the Corporation or any of its subsidiaries is determined by such Regulatory Authority to be troubled, insolvent, in default or operating in an unsafe or unsound manner; or (ii) such payment or action
(A) would be prohibited by or would violate any provision of state or federal law applicable to the Corporation or any of its subsidiaries, including, without limitation, the Federal Deposit Insurance Act and the regulations thereunder
presently found at 12 C.F.R. Part 359, as now in effect or hereafter amended, (B) would be prohibited by or would violate any applicable rules, regulations, orders or statements of policy, 

  
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whether now existing or hereafter promulgated, or any Regulatory Authority or (C) otherwise would be prohibited by any Regulatory Authority. If any payment hereunder is alleged by any
Regulatory Authority to be in violation of the foregoing, any payment alleged to have been made in violation of the foregoing shall be immediately returned by Executive to the Corporation. 

  
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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the day and year first above
written. 
  

			
	BAY BANKS OF VIRGINIA, INC.
		
	By:	 	 /s/ Robert F. Hurliman

	Name: Robert F. Hurliman
	Title: Chairman of the Board
	
	 BANK OF LANCASTER

		
	By:	 	 /s/ Randal R. Greene

	Name: Randal R. Greene
	Title: President and Chief Executive Officer
	
	 EXECUTIVE

	
	 /s/ C. Frank Scott, III

	C. Frank Scott, III



  
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