Document:

Exhibit 10.1

 

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the "Agreement") is made and entered into, effective as of December 31, 2018 (the "Effective Date"),
by and between Orange County Bancorp, Inc., a Delaware corporation (the "Company"), Orange Bank & Trust
Company, a wholly-owned subsidiary of the Company (the "Bank") and Michael J. Gilfeather ("Executive").
Any reference to the "Employer" in the Agreement shall mean the Bank and the Company.

 

WHEREAS,
the Employer wishes to continue to employ the Executive for the period provided in this Agreement; and

 

WHEREAS,
in order to induce Executive to remain in the employ of the Bank and the Company and to provide further incentive for Executive
to achieve the financial and performance objectives of the Bank and the Company, the parties desire to enter into this Agreement; and

 

WHEREAS,
the Employer desires to set forth the rights and responsibilities of Executive and the compensation payable to Executive, as
modified from time to time; and

 

WHEREAS,
the Agreement will replace the employment agreement with the Employer dated March 18, 2014 and subsequently amended on
September 30, 2015 ("Prior Agreement") in its entirety and the Employer shall have no further obligations to the Executive
under the Prior Agreement.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided,
the parties hereby agree as follows:

 

	1.	POSITION AND RESPONSIBILITIES.

 

During the term of this Agreement,
Executive agrees to serve as President and Chief Executive Officer of the Bank and the Company ( collectively the "Executive Position"),
and will perform the duties and will have all powers associated with such positions as commonly incident to such positions, as well as
those delegated to Executive by the Board of Directors of the Bank or the Company ( collectively the "Board"). Notwithstanding
the foregoing and subject to budgetary limits, the Executive shall have the authority to hire, compensate and terminate the Bank's staff,
provided that the hiring (and the terms of employment with respect thereto) or termination of senior officers of the Bank that report
directly to the Executive, shall be subject to the prior approval of the Compensation Committee of the Bank. Executive shall report directly
to the Board. During the period provided in this Agreement, Executive also agrees to serve, if elected, as an officer or director of any
subsidiary or affiliate of the Company and/or the Bank and in such capacity carry out such duties and responsibilities reasonably appropriate
to that office. In addition, during the term of this Agreement the Executive may serve as a member of the Bank Board and Company Board
and shall not receive any additional compensation or benefits for services as a member of such boards.

 

     

     

    

 

	2.	TERM.

 

(a)            Term
and Annual Renewal. The initial term of this Agreement and the period of Executive's employment
hereunder shall begin as of the Effective Date and shall continue through December 31, 2021 (the "Initial Term").
Commencing on January 1, 2022 and continuing on each January 1st thereafter (the "Renewal Date"),
the Initial Term shall extend automatically for one additional year, unless either party by written notice to the other given at least
ninety (90) days prior to such Renewal Date notifies the other of its intent not to extend the same. In the event that notice not to extend
is given by either party, this Agreement shall terminate as of the last day of the then current term. References herein to the "Term"
shall mean the Initial Term, as the same may be renewed. Notwithstanding the preceding provisions of this Section, if a Change of Control
(as defined in Section 5(a) hereof) occurs during the Term, the Term shall not end before the first anniversary of the date
on which a Change of Control first becomes effective.

 

(b)           Membership
on Other Boards or Organizations. During the period of his employment hereunder, except for
periods of absence occasioned by illness, reasonable vacation periods, and reasonable leaves of absence, Executive will devote all of
his business time, attention, skill and efforts to the faithful performance of his duties under this Agreement, including activities and
duties related to the Executive Position. Notwithstanding the preceding sentence, subject to the approval of the Board, Executive may
serve as a member of the board of directors of business, community and charitable organizations, provided that in each case such service
shall not materially interfere with the performance of his duties under this Agreement, adversely affect the reputation of the Employer
and its affiliates (as determined by the Board), or present any conflict of interest.

 

(c)           Continued
Employment Following Expiration of Term. Nothing in this Agreement shall mandate or prohibit
a continuation of Executive's employment following the expiration of the term of this Agreement.

 

3.            COMPENSATION,
BENEFITS AND REIMBURSEMENT.

 

(a)           Base
Salary. In consideration of Executive's performance of the responsibilities and duties set
forth in this Agreement, the Employer will provide Executive the compensation specified in this Agreement. The Employer will pay or cause
to be paid to the Executive a salary of $440,000 per year ("Base Salary"). Such Base Salary will be payable in
accordance with the customary payroll practices of the Bank. During Term of this Agreement, the Board may consider increasing, but not
decreasing, Executive's Base Salary as the Board deems appropriate. Any change in Base Salary will become the "Base Salary"
for purposes of this Agreement.

 

(b)           Annual
Bonus. For each fiscal year of the Bank during the Term, Executive shall be eligible to
participate in the Bank's Annual Incentive Plan (or any successor thereto) (the "Annual Bonus Plan"). Executive's
bonus opportunities under the Annual Bonus Plan shall be determined by the Compensation Committee of the Board of Directors of the
Bank (the "Committee") with a target amount determined annually based on review of market data for similarly
situated executives and subject to a minimum target equal to at least 35% of Base Salary for the applicable fiscal year (the "Target
Bonus"). The actual amount of Executive's annual bonus shall depend upon the achievement of performance goals established
by the Committee. However, the Committee may in its discretion increase Executive's annual bonus opportunity. Annual bonuses awarded
to Executive under the Annual Bonus Plan are referred to herein as "Annual Bonuses." The payment of any such Annual
Bonus shall be subject to all the terms and conditions of the applicable Annual Bonus Plan, including any underlying award
agreement.

 

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(c)            Long-Term
Compensation. During each fiscal year during the Term, the Executive shall be granted the
opportunity to earn a long-term incentive award pursuant to the Company's Long Term Incentive Program or any successor program thereto
(the "LTIP"). Executive's annual LTIP award opportunity shall be determined by the Committee and subject to a minimum target
opportunity equal to at least 20% of Base Salary for the applicable fiscal year. The terms and conditions of any LTIP award (such as the
underlying performance goals) shall be subject to the LTIP, including any underlying award agreement. The Executive agrees and acknowledges
that the actual value of any LTIP award will be based upon performance in relation to the performance goals used for the award. All LTIP
awards granted during the Term will fully vest upon a Change in Control or non-renewal of this Agreement in accordance with Section 4(f) of
this Agreement.

 

(d)            Supplemental
Executive Retirement Plan. The Bank maintains a supplemental executive retirement plan ("SERP")
for the benefit of a select group of management. The Executive shall commence participation in the SERP as of the Effective Date. The
SERP shall be subject to all applicable laws, rules and regulations, as may exist from time to time. A copy of the SERP and related
Participation Agreement is attached hereto as Exhibit A.

 

(e)             Other
Benefit Plans. During the Term, Executive shall be entitled to participate, on the terms
and conditions not less favorable to Executive than other similarly situated executives of the Bank generally, in the Bank's (A) tax-qualified
retirement plans; (B) group life, health and disability insurance plans; and (C) any other employee benefit plans and programs
and perquisites in accordance with the Bank's customary practices with respect to other similarly situated executives, provided that Executive's
participation shall be subject to the terms of such plans and programs; and provided, further, that nothing herein shall limit the Bank's
right to amend or terminate any such plans or programs.

 

(f)             Vacation.
Executive will be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement measured on a calendar
year basis, in accordance with the Bank's customary practices, as well as sick leave, holidays and other paid absences in accordance with
the Bank's policies and procedures for executives. Any unused paid time off during an annual period will be treated in accordance with
the Bank's personnel policies as in effect from time to time.

 

(g)            Expense
Reimbursements. The Bank will reimburse Executive for all reasonable travel, entertainment
and other reasonable expenses incurred by Executive during the course of performing his obligations under this Agreement, including, without
limitation, fees for memberships in such organizations as Executive and the Committee mutually agree are necessary and appropriate in
connection with the performance of his duties under this Agreement, upon substantiation of such expenses in accordance with applicable
policies and procedures of the Bank. Executive shall be provided a car allowance in the amount of $1,500 per month, with the expense of
gas and maintenance incurred be paid or reimbursed to Executive by the Bank. In addition, Executive shall be entitled to reimbursement
of membership fees and assessments with respect to a country club located in Orange County, New York relevant to Executive's business
activities, as approved by the Compensation Committee of the Board. All reimbursements pursuant to this Section 3(g) shall be
reimbursed upon presentation to the Bank of an itemized account of such expense in such form as the Bank may reasonably require.

 

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(h)            Life
Insurance. The Bank shall maintain a ten-year term life insurance policy in an amount equal to one million ($1,000,000.00) dollars
for the benefit of the Executive, which may be continued by the Executive, at his own expense, upon the termination of his employment.

 

	4.	TERMINATION AND TERMINATION
PAY.

 

Subject to Section 5
of this Agreement which governs the occurrence of a Change in Control, Executive's employment under this Agreement may be terminated in
the following circumstances:

 

(a)            Death.
This Agreement shall terminate upon Executive's death, in which event the Employer's sole obligation
shall be to pay Executive's estate or beneficiary any "Accrued Obligations." For purposes of this Agreement, "Accrued
Obligations" shall mean: (1) any accrued and unpaid Base Salary of Executive through his date of death, payable pursuant
to the Bank's standard payroll policies; (2) any earned and unpaid bonus of Executive under the Annual Bonus Plan for any completed
fiscal year prior to his date of death; (3) any compensation and benefits to the extent payable to Executive based on Executive's
participation in any compensation or benefit plan (including pursuant to any individual or group life insurance plan or policy), program
or arrangement of the Bank through his date of death, payable in accordance with the terms of such plan, program or arrangement; and (4) any
expense reimbursement to which Executive is entitled under the Bank's standard expense reimbursement policy (as applicable) in Section 3(g) hereof.

 

(b)            Disability.
This Agreement shall terminate in the event Executive becomes "Totally Disabled." For purposes of this Agreement, Executive
shall be "Totally Disabled" if Executive is deemed disabled for purposes of eligibility for receipt of disability benefits
under the Bank's long-term disability plan, if any, or receipt of Social Security disability benefits. In the event Executive's employment
is terminated due to becoming Totally Disabled, the Bank shall pay or provide Executive with any Accrued Obligations. In addition, Executive
shall continue to receive his full Base Salary under Section 3(a) of this Agreement until he becomes eligible for and receives
disability income under the long-term disability insurance coverage then in effect for the Executive. If Executive elects to continue
his group health coverage with the Bank pursuant to COBRA, the Bank shall pay to Executive the "COBRA Payments" for a period
of 18 months or, if earlier, until the date on which Executive receives substantially comparable coverage under another group health insurance
plan. The "COBRA Payments" shall be monthly installment payments, each equal to the monthly COBRA premium in effect as
of the date of Executive's termination of employment for the level of coverage in effect for Executive under the Bank's group health plan.

 

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(c)           Termination
for Cause. The Board may immediately terminate Executive's employment at any time for "Cause." In the event Executive's
employment is terminated for Cause, the Employer's sole obligation shall be to pay or provide to Executive any Accrued Obligations. Termination
for "Cause" shall mean termination because of, in the good faith determination of the Board, Executive's:

 

(i)            an
act of fraud, embezzlement, or theft while employed by the Bank, or indictment or conviction of the Executive for, or plea of no contest
to, a felony, conviction of or plea of no contest to a misdemeanor involving moral turpitude, or the arrest and incarceration of Executive
for acts by Executive involving moral turpitude;

 

(ii)           gross
negligence, insubordination, disloyalty, or dishonesty in the performance of the Executive's duties as an officer of the Bank; willful
or reckless failure by the Executive to adhere to the Bank's written policies; intentional wrongful damage by Executive to the business
or property of the Company and the Bank, including without limitation its reputation, which in the Board's sole judgment causes material
harm to the Company, the Bank or any of its affiliates;

 

(iii)          removal
of Executive from office or permanent prohibition of Executive from participating in the affairs of the Bank by an order issued under
Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act, 12 U.S.C. 1818(e)(4) or (g)(1); or

 

(iv)          acts
or omissions in the performance of Executive's duties having a material adverse effect on the Bank that were not done or omitted to be
done in good faith or which involved intentional misconduct or a knowing violation of law.

 

(d)            Voluntary
Termination by Executive without Good Reason. Executive may voluntarily terminate employment during the Term upon at least 30
days prior written notice to the Board. Except upon Executive's voluntary termination "With Good Reason" (as defined below),
Executive shall have no right to receive any compensation or benefits under this Agreement or otherwise upon his voluntary termination
of employment, except any Accrued Obligations, provided, however, that any unpaid Annual Bonus as of the date of termination shall be
forfeited. The Bank may accelerate the date of termination upon receipt of written notice of Executive's voluntary termination.

 

(e)            Termination
Without Cause or With Good Reason.

 

		(i)	The Board may immediately terminate Executive's employment at any time for a reason other than Cause (a
termination "Without Cause"), and Executive may, by written notice to the Board, terminate this Agreement at any time
within 90 days following an event constituting "Good Reason," as defined below (a termination "With Good Reason");
provided, however, that the Bank shall have 30 days to cure the "Good Reason" condition, but the Bank may waive its right
to cure. Any termination of Executive's employment
shall have no effect on or prejudice the vested rights of Executive under the Bank's qualified or non-qualified retirement, pension, savings,
thrift, profit-sharing or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and
long-term disability insurance plans or other employee benefit plans or programs, or compensation plans or programs in which Executive
was a participant.

 

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		(ii)	In the event of termination as described under Section 4(e)(i) and subject to the requirements
of Section 4(e)(v), the Bank shall pay or provide to Executive any Accrued Obligations. In addition, the Bank shall pay Executive,
or in the event of Executive's subsequent death, Executive's beneficiary or estate, as the case may be, as severance pay, a cash lump
sum payment equal to the sum of Executive's Base Salary as of the date of termination, plus his average Annual Bonus paid during the term
of this Agreement. The severance pay will be paid to the Executive in the Bank's payroll period following the effective date of the Release
as described under Section 4(e)(v) of this Agreement. In the event the Executive is terminated by the Bank or the Company without
Cause, the Executive, or in the event of his subsequent death, Executive's beneficiary or estate, as the case may be, will receive an
additional cash payment equal to the pro-rata portion of the Executive's Annual Bonus for the year in which the Executive's employment
was terminated without Cause, the amount of which, if any, shall be determined by the Board at the time the Board customarily reviews
the achievement by senior executives of their respective annual performance goals. The timing of the payment of the pro-rata Annual Bonus,
if any, shall be in accordance with the Bank's established practice and subject to the execution of a Release as provided in paragraph
(v) of this Section 4(e) .

 

		(iii)	In addition, the Bank shall pay to Executive the COBRA Payments on a monthly basis commencing with the
first month following Executive's date of termination and continuing until the earlier of (A) the sixth (011) month following
Executive's date of termination; or (B) such time that the Executive first becomes eligible for health insurance coverage with another
employer.

 

		(iv)	"Good Reason" exists if, without Executive's express written consent, any of the following
occurs:

 

		(A)	a material reduction in Executive's Base Salary;

 

		(B)	a material reduction in Executive's authority, duties or responsibilities from the position and attributes
associated with the Executive Position;

 

		(C)	Executive ceases to report to the Board; or

 

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		(D)	a change in the geographic location at which Executive must perform services for the Bank by more than
50 miles from the location where it is contemplated that Executive will be performing Executive's duties; provided, however that Executive
being requested to oversee activities in (not relocate to) branches outside of New York State shall not constitute "Good Reason"
under this Section 4(e)(iv).

 

		(v)	Executive shall not be entitled
to any payments or benefits under this Section 4(e) unless and until
Executive executes a release of claims (the "Release") against the Bank and any affiliate, and their officers, directors,
successors and assigns, releasing said persons from any and all claims, rights, demands, causes of action, suits, arbitrations or grievances
relating to the employment relationship, including claims under the Age Discrimination in Employment Act, but not including claims for
benefits under tax-qualified plans or other benefit plans in which Executive is vested, claims for benefits required by applicable law
or claims with respect to obligations set forth in this Agreement that survive the termination of this Agreement. The Release must be
executed and become irrevocable by the 60th day following the date of Executive's termination of employment, provided that
if the 60-day period spans two (2) calendar years, then, to the extent necessary to comply with Section 409A of the Internal
Revenue Code of 1986, as amended (the "Code"), the payments and benefits described in this Section 4(e) will be paid,
or commence, in the second calendar year.

 

 

(f)            Non-Renewal
by the Board. In the event the Board elects not to renew this Agreement by giving notice
of non-renewal as herein provided, this Agreement and Executive's employment shall terminate at the end of the then current term of this
Agreement. Such termination shall constitute a termination Without Cause for purposes of this Agreement.

 

(g)            Effect
on Status as a Director. In the event of Executive's termination of employment under this
Agreement for any reason, such termination shall also constitute Executive's resignation as a director of the Bank or the Company, or
any subsidiary or affiliate thereof, to the extent Executive is acting as a director of any of the aforementioned entities.

 

	5.	CHANGE IN CONTROL.

 

(a)            Change
in Control Defined. For purposes of this Agreement, the term "Change in
Control" shall mean the occurrence of any of the following events in accordance with Code Section 409A and the
regulations and guidance of general application thereunder issued by the U.S. Department of the Treasury, including:

 

		(i)	Change in Ownership: the date any one person or persons acting as a group (but excluding an intra
family acquisition or transfer of stock between members of the Morrison family) accumulates ownership of Company stock constituting more
than 50% of the total voting power of Company stock;

 

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		(ii)	Change in Effective Control: the date that (A) any one person or persons acting as a group
(but excluding an intra family acquisition or transfer of stock between members of the Morrison family) acquires within a 12-month period
ownership of Company stock possessing 40% or more of the total voting power of Company stock, or (B) a majority of the Company's
board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority
of the Company's board of directors; or

 

		(iii)	Change in Ownership of a Substantial Portion of Assets: the date that any one person or persons
acting as a group (but excluding an intra family acquisition or transfer of stock between members of the Morrison family) acquires (or
has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company
or the Bank that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets
of the Company or the Bank immediately prior to such acquisition.

 

(b)            Change
in Control Benefits. In the event of a termination of Executive's employment by the Employer
(or its successor) Without Cause or by Executive With Good Reason upon or within 12 months of a Change in Control that occurs during the
Term, the Bank (or any successor) shall: (i) pay or provide to Executive any Accrued Obligations; and (ii) pay Executive, or
in the event of Executive's subsequent death, Executive's beneficiary or estate, as severance pay an amount equal to the sum of two (2) times:
(i) Executive's Base Salary (at the rate in effect when the Change in Control occurs or, if higher, at the rate in effect on Executive's
date of termination) and (ii) his average Annual Bonus paid during the term of this Agreement. In addition, to the cash payment provide
in this paragraph (b), the Bank shall pay to Executive an additional lump sum cash payment equal to twelve (12) times the monthly COBRA
charge in effect on the Executive's date of termination for the type of bank-provided group health plan coverage in effect for Executive
(e.g., family coverage) on his date of termination. Notwithstanding the foregoing, the payments provided in this Section 5(b) shall
be payable to Executive in lieu of any payments or benefits that are payable under Section 4(e). Unless otherwise delayed under Section 11(d) of
this Agreement, the payments under this paragraph (b) shall be made within 30 days of Executive's termination of employment.

 

(c)            280G.
Notwithstanding the preceding paragraphs of this Section, if the payments and benefits to be
afforded to Executive under Section 5 hereof (the "Severance Benefits") either alone or together with other payments
and benefits which Executive has the right receive from the Company or the Bank (or any affiliate) would constitute a "parachute
payment" under Section 280G of the Code, and but for this Section 5, would be subject to the excise tax imposed by Section 4999
of the Code (the "Excise Tax"), then the Severance Benefits shall be reduced (the "Benefit Reduction")
by the minimum amount necessary to result in no portion of the Severance Benefits being subject to the Excise Tax. All determinations
required to be made under this Section 5(c) shall be made by tax counsel or a nationally recognized certified public accounting
firm or other professional organization that is a certified public accounting firm recognized as an expert in determinations and calculations
for purposes of Section 280G of the Code selected by the Bank prior to a Change in Control and reasonably acceptable to Executive,
which determinations shall be conclusive and binding on Executive and the Employer absent manifest error.

 

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	6.	COVENANTS OF EXECUTIVE AFTER
TERMINATION OF EMPLOYMENT

 

(a)            Covenant
Not to Solicit Employees.

 

The Executive agrees not to
solicit directly or indirectly the services of any officer or employee of the Bank for two (2) years after the Executive's
employment termination.

 

(b)            Covenant
Not to Compete.

 

(i)           The
Executive covenants and agrees not to compete directly or indirectly with the Employer for a period of one (1) year after
termination of his employment. For purposes of this Section 6.2:

 

(ii)           the
term compete means:

 

(A)          providing
financial products or services on behalf of any financial institution for any person residing in the territory,

 

(B)           assisting
(other than through the performance of ministerial or clerical duties) any financial institution in providing financial products or services
to any person residing in the territory, or

 

(C)           inducing
or attempting to induce any person who was a customer of the Employer at the date of the Executive's employment termination to seek financial
products or services from another financial institution.

 

(iii)          the
words directly or indirectly mean:

 

(A)          acting
as a consultant, officer, director, independent contractor, or employee of any financial institution in competition with the Employer
in the territory, or

 

(B)           communicating
to such financial institution the names or addresses or any financial information concerning any person who was a customer of the Employer
when the Executive's employment terminated.

 

		(iv)	the term customer means any person, business entity or other corporation to whom the Employer is providing
financial products or services on the date of the Executive's employment termination.

 

		(v)	the term financial institution means any bank, savings association, or bank or savings association holding
company, trust company, credit union, or any other institution, the business of which is engaging in activities that are financial in
nature or incidental to such financial activities as described in Section 4(k) of the Bank Holding Company Act of 1956, other
than the Employer or any of its affiliated companies.

 

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		(vi)	financial product or service means any product or service that a financial institution, wealth management
company or a financial holding company could offer by engaging in any activity that is financial in nature or incidental to such a financial
activity under 14 Section 4(k) of the Bank Holding Company Act of 1956 and that is offered by the Employer or an affiliate of
the Employer on the date of the Executive's employment termination, including but not limited to banking and wealth management activities
and activities that are closely related and a proper incident to banking and wealth management.

 

		(vii)	the term person means any individual or individuals, Company, partnership, fiduciary or association.

 

		(viii)	the term territory means the area within a 50-mile radius from any county in which the Employer has a
branch at the date of the Executive's employment termination.

 

		(ix)	If any provision of this Section or any word, phrase, clause, sentence or other portion thereof (including,
without limitation, the geographical and temporal restrictions contained therein) is held to be unenforceable or invalid for any reason,
the unenforceable or invalid provision or portion shall be modified or deleted so that the provisions hereof, as modified, are legal and
enforceable to the fullest extent permitted under applicable law.

 

		(c)	Article 6 Survives Termination
But Is Void After a Change in Control.

 

The rights and obligations
set forth in this Article 6 shall survive termination of this Agreement. However, Article 6 shall become null and void effective
immediately upon a Change in Control.

 

		(d)	Confidentiality.

 

Executive recognizes and acknowledges
that the knowledge of the business activities, plans for business activities, and all other proprietary information of the Employer, as
it may exist from time to time, are valuable, special and unique assets of the business of the Employer. Executive will not, during or
after the term of Executive's employment, disclose any knowledge of the past, present, planned or considered business activities or any
other similar proprietary information of the Bank to any person, firm, corporation, or other entity for any reason or purpose whatsoever
unless expressly authorized by the Board or required by law. Notwithstanding the foregoing, Executive may disclose any knowledge of banking,
financial and/or economic principles, concepts or ideas which are not solely and exclusively derived from the business plans and activities
of the Employer. Further, Executive may disclose information regarding the business activities of the Employer to any bank regulator having
regulatory jurisdiction over the activities of the Employer pursuant to a formal regulatory request and may disclose information that
generally becomes known to and available for use by the public, if not disclosed as a result of Executive's wrongful act or omission.
In the event of a breach or threatened breach by Executive of the provisions of this Section, the Employer will be entitled to an injunction
restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered business activities
of the Employer or any other similar proprietary information, or from rendering any services to any person, firm, corporation, or other
entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will be construed
as prohibiting the Bank from pursuing any other remedies available to the Employer for such breach or threatened breach, including the
recovery of damages from Executive.

 

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		(e)	Information/Cooperation.

 

Executive shall, upon reasonable
notice, furnish such information and assistance to the Employer as may be reasonably required by the Employer, in connection with any
litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however, that Executive shall not
be required to provide information or assistance with respect to any litigation between Executive and the Employer or any affiliates of
the Employer.

 

		(f)	Enforcement.

 

Except as otherwise provided,
all payments and benefits to Executive under this Agreement shall be subject to Executive's compliance with this Section 6, to the
extent applicable. The parties hereto, recognizing that irreparable injury will result to the Employer, the business and property of the
Employer in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive, the Employer
will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof by Executive
and all persons acting for or with Executive. Executive represents and admits that Executive's covenants set forth in this Section 6
are reasonable. Nothing herein will be construed as prohibiting the Employer from pursuing any other remedies available to them for such
breach or threatened breach, including the recovery of damages from Executive. Executive agrees that Executive will submit to personal
jurisdiction of the courts of the State of New York in any action by the Employer to enforce an arbitration award against the Executive
or to obtain interim injunctive or other relief pending an arbitration decision.

 

	7.	SOURCE OF PAYMENTS.

 

All payments provided in this
Agreement shall be timely paid by check or direct deposit from the general funds of the Bank (or any successor of the Bank).

 

	8.	EFFECT ON PRIOR AGREEMENTS
AND EXISTING BENEFITS PLANS.

 

This Agreement, along with
any agreement referenced herein, contains the entire understanding between the parties hereto and supersedes any prior employment agreement
between the Bank or any predecessor of the Bank and Executive, except that this Agreement shall not affect or operate to reduce any benefit
or compensation inuring to Executive under another plan, program or agreement (other than an employment agreement) between the Bank and
Executive.

 

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	9.	NO ATTACHMENT; BINDING ON SUCCESSORS.

 

(a)            Except
as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation
of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void, and of no effect.

 

(b)           The
Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially
all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank's obligations under this
Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had
taken place.

 

	10.	MODIFICATION AND WAIVER.

 

(a)            This
Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto.

 

(b)            No
term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any
provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall
be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition
waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived.

 

	11.	REQUIRED PROVISIONS.

 

Notwithstanding anything herein
contained to the contrary, the following provisions shall apply:

 

(a)           The
Board may terminate Executive's employment at any time, but any termination by the Bank's Board other than termination for Cause shall
not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall have no right to receive compensation
or other benefits under this Agreement for any period after Executive's termination for Cause.

 

(b)            Notwithstanding
anything herein contained to the contrary, any payments to Executive by the Company, whether pursuant to this Agreement or otherwise,
are subject to and conditioned upon their compliance with Section 18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k),
and the regulations promulgated thereunder in 12 C.F.R. Part 359.

 

(c)            Notwithstanding
anything else in this Agreement to the contrary (with the exception of Section 4(c)(i)), Executive's employment shall not be deemed
to have been terminated unless and until Executive has a Separation from Service within the meaning of Code Section 409A. For purposes
of this Agreement, a "Separation from Service" shall have occurred if the Bank and Executive reasonably anticipate that
either no further services will be performed by Executive after the date of termination (whether as an employee or as an independent contractor)
or the level of further services performed is less than 50 percent of the average level of bona fide services in the 36 months immediately
preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with
Treasury Regulation Section 1.409A-1(h)(ii).

 

    12

     

    

 

(d)           Notwithstanding
the foregoing, if Executive is a "specified employee" (i.e., a "key employee" of a publicly traded company
within the meaning of Section 409A of the Code and the final regulations issued thereunder) and any payment under this Agreement
is triggered due to Executive's Separation from Service, then solely to the extent necessary to avoid penalties under Section 409A
of the Code, no payment shall be made during the first six (6) months following Executive's Separation from Service. Rather, any
payment which would otherwise be paid to Executive during such period shall be accumulated and paid to Executive in a lump sum on the
first day of the seventh month following such Separation from Service. All subsequent payments shall be paid in the manner specified in
this Agreement.

 

(e)            If
the Bank cannot provide Executive or Executive's dependents any continued health insurance or other welfare benefits as required by this
Agreement because Executive is no longer an employee, applicable rules and regulations prohibit such benefits or the payment of such
benefits in the manner contemplated, or it would subject the Bank to penalties, then the Bank shall pay Executive or Executive's beneficiary
or estate in the event of death a cash lump sum payment reasonably estimated to be equal to the value of such benefits or the value of
the remaining benefits at the time of such determination. Such cash payment shall be made in a lump sum within 30 days after the later
of Executive's date of termination or the effective date of the rules or regulations prohibiting such benefits or subjecting the
Bank to penalties.

 

(f)           The
right to a series of payments under this Agreement will be treated as a right to a series of separate payments. Each payment under this
Agreement that is made within 2-1/2 months following the end of the year that contains the termination date is intended
to be exempt from Section 409A as a short-term deferral within the meaning of the final regulations under Section 409A. Each
payment under this Agreement that is made later than 2-'/2 months following the end of the year that contains the termination date is
intended to be exempt from Section 409A under the two-times exception of Treasury Reg. § 1.409A-1(b)(9)(iii), up to the limitation
on the availability of that exception specified in the regulation. Then, each payment that is made after the two-times exception ceases
to be available shall be subject to delay, as necessary, as specified below.

 

(g)          To
the extent necessary to comply with Section 409A, references in this Agreement to "termination of employment" or "terminates
employment" (and similar references) shall have the same meaning as "Separation from Service" under Section 409A(a)(2)(A)(i) and
any governing Internal Revenue Service guidance and Treasury regulations ("Separation from Service"), and no payment
subject to Section 409A that is payable upon a termination of employment shall be paid unless and until (and not later than applicable
in compliance with Section 409A) the Executive incurs a Separation from Service.

 

(h)          To
the extent that any payment of or reimbursement by the Bank to the Executive of eligible expenses under this Agreement constitutes a "deferral
of compensation" within the meaning of Section 409A (a "Reimbursement") (i) the Executive must request
the Reimbursement (with substantiation of the expense incurred) no later than 90 days following the date on which the Executive incurs
the corresponding eligible expense; (ii) subject to any shorter time period provided in any Bank expense reimbursement policy or
specifically provided otherwise in this Agreement, the Bank shall make the Reimbursement to the Executive on or before the last day of
the calendar year following the calendar year in which the Executive incurred the eligible expense; (iii) the Executive's right to
Reimbursement shall not be subject to liquidation or exchange for another benefit; (iv) the amount eligible for Reimbursement in
one calendar year shall not affect the amount eligible for Reimbursement in any other calendar year; and (v) except as specifically
provided otherwise in this Agreement, the period during which the Executive may incur expenses that are eligible for Reimbursement is
limited to five calendar years following the calendar year in which the termination date occurs

 

    13

     

    

 

(i)            Notwithstanding
anything in this Agreement to the contrary, Executive understands that nothing contained in this Agreement limits Executive's ability
to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or
commission ("Government Agencies") about a possible securities law violation without approval of the Bank (or any affiliate).
Executive further understands that this Agreement does not limit Executive's ability to communicate with any Government Agency or otherwise
participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other
information, without notice to the Bank (or any affiliate) related to the possible securities law violation. This Agreement does not limit
Executive's right to receive any resulting monetary award for information provided to any Government Agency.

 

	12.	SEVERABILITY.

 

If, for any reason, any provision
of this Agreement, or any part of any provision, is held invalid, such invalidity shall not affect any other provision of this Agreement
or any part of such provision not held so invalid, and each such other provision and part thereof shall to the full extent consistent
with law continue in full force and effect.

 

	13.	GOVERNING LAW.

 

This Agreement shall be interpreted,
governed and enforced by the laws of the State of New York (without regard to its conflicts of laws rules), but only to the extent not
superseded by federal law.

 

	14.	ARBITRATION.

 

In the event of any controversy,
dispute or claim arising out of or related to this Agreement or Executive's employment by the Employer, the parties shall negotiate in
good faith in an attempt to reach a mutually acceptable settlement of such dispute. If negotiations in good faith do not result in a settlement
of any such controversy, dispute or claim, it shall, except as otherwise provided for herein be finally settled by expedited arbitration
conducted by a single arbitrator selected as hereinafter provided (the "Arbitrator") in accordance with the National Rules of
the American Arbitration Association ("National Rules"), subject to the following (the parties hereby agreeing that, notwithstanding
the provisions of Rule 1 of the National Rules, in the event that there is a conflict between the provisions of the National Rules and
the provisions of this Agreement, the provisions of this Agreement shall control):

 

(a)          The
Arbitrator shall be determined from a list of names of five impartial arbitrators each of whom shall be an attorney experienced in arbitration
matters concerning executive employment disputes, supplied by the AAA chosen by Executive and the Employer each in turn striking a name
from the list until one name remains (with the Employer being the first to strike a name).

 

    14

     

    

 

(b)          The
expenses of the arbitration shall be borne by the Employer; and the Employer shall bear its own legal fees and expenses and pay, at least
monthly, all of Executive's legal fees and expenses incurred in connection with such arbitration, except that Executive shall have to
reimburse the Employer for his legal fees and expenses if the arbitrator finds that Executive brought an action in bad faith.

 

(c)          The
Arbitrator shall determine whether and to what extent any party shall be entitled to damages under this Agreement; provided that no party
shall be entitled to punitive or consequential damages (including, in the case of the Employer, any claim for alleged lost profits or
other damages that would have been avoided had Executive remained an employee), and each party waives all such rights, if any.

 

(d)          The
Arbitrator shall not have the power to add to nor modify any of the terms or conditions of this Agreement. The Arbitrator's decision shall
not go beyond what is necessary for the interpretation and application of the provision(s) of this Agreement in respect of the issue
before the Arbitrator. The Arbitrator shall not substitute his or her judgment for that of the parties in the exercise of rights granted
or retained by this Agreement. The Arbitrator's award or other permitted remedy, if any, and the decision shall be based upon the issue
as drafted and submitted by the respective parties and the relevant and competent evidence adduced at the hearing.

 

(e)          The
Arbitrator shall have the authority to award any remedy or relief (including provisional remedies and relief) that a court of competent
jurisdiction could order or grant. The Arbitrator's written decision shall be rendered within sixty (60) days of the closing of the hearing.
The decision reached by the Arbitrator shall be final and binding upon the parties as to the matter in dispute. To the extent that the
relief or remedy granted by the Arbitrator is relief or remedy on which a court could enter judgment, a judgment upon the award rendered
by the Arbitrator shall be entered in any court having jurisdiction thereof (unless in the case of an award of damages, the full amount
of the award is paid within ten (10) days of its determination by the Arbitrator).

 

Otherwise, the award shall be binding on the parties
in connection with their continuing performances of this Agreement and, in any subsequent arbitral or judicial proceedings between the
parties.

 

(f)           The
arbitration shall take place in Orange County, New York.

 

(g)          The
arbitration and all filing, testimony, documents and information relating to or presented during the arbitration proceeding shall be disclosed
exclusively for the purpose of facilitating the arbitration process and in any court proceeding relating to the arbitration, and for no
other purpose, and shall be deemed to be information subject to the confidentiality provisions of this Agreement.

 

(h)          The
parties shall continue performing their respective obligations under this Agreement notwithstanding the existence of a dispute while the
dispute is being resolved unless and until such obligations are terminated or expire in accordance with the provisions hereof.

 

    15

     

    

 

(i)           The
parties may obtain a pre-hearing exchange of information including depositions, interrogatories, production of documents, exchange of
summaries of testimony or exchange of statements of position, and the Arbitrator shall limit such disclosure to avoid unnecessary burden
to the parties and shall schedule promptly all discovery and other procedural steps and otherwise assume case management initiative and
control to effect an efficient and expeditious resolution of the dispute. At any oral hearing of evidence in connection with an arbitration
proceeding, each party and its counsel shall have the right to examine its witness and to cross-examine the witnesses of the other party.
No testimony of any witness, or any evidence, shall be introduced by affidavit, except as the parties otherwise agree in writing.

 

(j)            Notwithstanding
the dispute resolution procedures contained in this Section 14, either party may apply to any court sitting in Orange County, New
York (i) to enforce this agreement to arbitrate, (ii) to seek provisional injunctive relief so as to maintain the status quo
until the arbitration award is rendered or the dispute is otherwise resolved, (iii) to confirm any arbitration award, or (iv) to
challenge or vacate any final judgment, award or decision of the Arbitrator that does not comport with the express provisions of this
Section 14.

 

	15.	INDEMNIFICATION.

 

The Bank shall provide Executive
(including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance
policy at its expense, and shall indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the charter
and bylaws of the Bank and to the fullest extent permitted under applicable law against all expenses and liabilities (including attorneys'
fees) reasonably incurred by Executive in connection with or arising out of any action, suit or proceeding in which he may be involved
by reason of Executive having been a director or officer of the Bank or any subsidiary or affiliate of the Bank.

 

	16.	NOTICE.

 

For the purposes of this
Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been
duly given when delivered or mailed by certified or registered mail, return receipt requested, postage prepaid, addressed to the
respective addresses set forth below:

 

	 	To the Bank:	Orange Bank&Trust Company
	 	 	212 Dolson Avenue
	 	 	Middletown, NY 10940
	 	 	Attention: Chief Executive Officer
	 	 	 
	 	To Executive:	Most recent address on file with the Bank

 

IN WITNESS WHEREOF, the
parties have executed this Agreement as of the dates below.

 

	 	 	ORANGE BANK & TRUST COMPANY
	 	 	 
	12/21/18	 	By: 	/s/ Louis Heimbach
	Date	 	Name:	Louis Heimbach
	 	 	Title:	Chairman
	 	 	 
	 	 	EXECUTIVE
	 	 	 
	12/21/18	 	/s/ Michael J. Gilfeather
	 	 	Michael J. Gilfeather

 

    16Exhibit 10.2

  

EMPLOYMENT AGREEMENT

 

This Employment Agreement
(the "Agreement") is made and entered into, effective as of January 1, 2018 (the "Effective Date"),
by and between Orange Bank & Trust Company (the "Bank") and Joseph Ruhl ("Executive"). Any
reference to the "Company" shall mean Orange County Bancorp, Inc. or any successor thereto.

 

WHEREAS,
the Bank wishes to assure itself of the continued services of Executive for the period provided in this Agreement; and

 

WHEREAS,
in order to induce Executive to remain in the employ of the Bank and to provide further incentive for Executive to achieve
the financial and performance objectives of the Bank, the parties desire to enter into this Agreement; and

 

WHEREAS,
the Bank desires to set forth the rights and responsibilities of Executive and the compensation payable to Executive, as modified
from time to time.

 

NOW,
THEREFORE, in consideration of the mutual covenants herein contained, and upon the other terms and conditions hereinafter provided,
the parties hereby agree as follows:

 

	1.	POSITION AND RESPONSIBILITIES.

 

During the term of
this Agreement, Executive agrees to serve as Executive Vice President, Westchester Regional President, of the Bank or any successor position
with the Bank as mutually agreed to by the Bank and Executive (Executive's foregoing position or any successor position with the Bank
shall be referred to as the "Executive Position"), and will perform the duties and will have all powers associated with
such position as commonly incident to such position, as well as those delegated to Executive by the Board of Directors of the Bank or
its designee (the "Board"). Executive shall report directly to the Chief Executive Officer of the Bank. During the period
provided in this Agreement, Executive also agrees to serve, if elected, as an officer or director of any subsidiary or affiliate of the
Bank and in such capacity carry out such duties and responsibilities reasonably appropriate to that office.

 

	2.	TERM AND DUTIES.

 

(a)            Term
and Annual Renewal. The initial term of this Agreement and the period of Executive's employment hereunder shall begin as of the
Effective Date and shall continue through December 31, 2020 (the "Initial Term"). Commencing on January I,
2021 and continuing on each January 1st thereafter (the "Renewal Date"), the Initial Term shall extend automatically
for one additional year, unless either the Bank or the Executive by written notice to the other given at least ninety (90) days prior
to such Renewal Date notifies the other of its intent not to extend the same. In the event that notice not to extend is given by either
the Bank or the Executive, this Agreement shall terminate as of the last day of the then current term. References herein to the "Term"
shall mean the Initial Term, as the same may be renewed.

 

     

     

    

 

(b)           Membership
on Other Boards or Organizations. During the period of his employment hereunder, except for periods of absence occasioned by
illness, reasonable vacation periods, and reasonable leaves of absence, Executive will devote all of his business time, attention,
skill and efforts to the faithful performance of his duties under this Agreement, including activities and duties related to the
Executive Position. Notwithstanding the preceding sentence, subject to the approval of the Board, Executive may serve as a member of
the board of directors of business, community and charitable organizations, provided that in each case such service shall not
materially interfere with the performance of his duties under this Agreement, adversely affect the reputation of the Bank or any
other affiliates of the Bank (as determined by the Board), or present any conflict of interest.

 

(c)           Continued
Employment Following Expiration of Term. Nothing in this Agreement shall mandate or prohibit a continuation of Executive's employment
following the expiration of the term of this Agreement.

 

		3.	COMPENSATION, BENEFITS AND REIMBURSEMENT.

 

(a)           Base
Salary. In consideration of Executive's performance of the responsibilities and duties set forth in this Agreement, the Bank will
provide Executive the compensation specified in this Agreement. The Bank will pay Executive a fixed salary of $290,000 per year
("Base Salary").This salary will remain the same for all three years with no additional increases. Such Base Salary will
be payable in accordance with the customary payroll practices of the Bank. During the term of this Agreement, the Board may consider increasing,
but not decreasing, Executive's Base Salary as the Board deems appropriate. Any change in Base Salary will become the "Base Salary"
for purposes of this Agreement.

 

(b)          Annual
Bonus. For each fiscal year of the Bank during the Term, Executive shall be eligible to participate in the Bank's Annual Incentive
Plan (or any successor thereto) (the "Annual Bonus Plan"). Executive's target annual bonus under the Annual Bonus Plan
shall be determined by the Compensation Committee of the Board (the "Committee") and shall be commensurate with the target
bonus opportunity available for similarly-situated executives of the Bank generally (the "Target Bonus"). The actual
amount of Executive's annual bonus shall depend upon the achievement of performance goals established by the Committee. The terms and
conditions of the Annual Bonus Plan and the payments to Executive thereunder shall be applied on the basis not less favorable to Executive
than to other similarly situated executives of the Bank generally. The Committee may in its discretion increase Executive's annual bonus
opportunity. The term Target Bonus, as utilized in this Agreement, shall refer to the Target Bonus as it may be increased. Annual bonuses
awarded to Executive under the Annual Bonus Plan are referred to herein as "Annual Bonuses." The payment of any such
Annual Bonus shall be subject to all the terms and conditions of the applicable Annual Bonus Plan, including any underlying award agreement.

 

(c)          Long-Term
Compensation. For each fiscal year of the Bank during the Term, Executive shall be eligible to participate in the Company's
Long-Term Incentive Plan (the "LTIP Plan") and/or any other long-term compensation program established by the
Company or the Bank from time to time for executive officers. Executive's target annual equity award opportunity shall be determined
by the Committee and shall be no less favorable than the target equity award opportunity available to other similarly-situated
executives of the Bank generally, with the actual award to be determined by the Committee on a basis not less favorable to Executive
than other similarly-situated executives of the Bank generally. The terms and conditions of any equity award (such as the underlying
performance goals and/or vesting requirements) shall be subject to the LTIP Plan, including any underlying award
agreement.

 

    2 

     

    

 

(d)            Supplemental
Executive Retirement Plan. For each fiscal year of the Bank during the Tenn, Executive shall be eligible to participate in the
Bank's Supplemental Executive Retirement Plan (the "SERP"), pursuant to which the Bank shall make an annual contribution
to a book-entry account for the benefit of Executive, with the amount and the terms and conditions of the annual contributions (such as
the underlying performance goals, vesting requirements and the time and manner in which the benefits will be paid) to be determined pursuant
to an underlying Participation Agreement, which shall be reasonable and
acceptable to the Bank and Executive.

 

(e)            Other
Benefit Plans. During the Tenn, Executive shall be entitled to
participate, on the terms and conditions not less favorable to Executive than other similarly situated executives of the Bank generally,
in the Bank's (A) tax-qualified retirement plans; (B) group life, health and disability insurance plans; and (C) any other
employee benefit plans and programs and perquisites in accordance with the Bank's customary practices with respect to other similarly
situated executives generally, provided that Executive's participation shall be subject to the terms of such plans and programs; and provided,
further, that nothing herein shall limit the Bank's right to amend or terminate any such plans or programs.

 

(t)            Vacation.
Executive will be entitled to four (4) weeks of paid vacation time each year during the term of this Agreement measured on a
calendar year basis, in accordance with the Bank's customary practices, as well as sick leave, holidays and other paid absences in accordance
with the Bank's policies and procedures for executives. Any unused paid time off during an annual period will be treated in accordance
with the Bank's personnel policies as in effect from time to time.

 

(g)           Expense Reimbursements.
The Bank will reimburse Executive for all reasonable travel, entertainment and other reasonable expenses incurred by Executive during
the course of performing his obligations under this Agreement, including, without limitation, fees for memberships in such organizations
as Executive and the Chief Executive Officer mutually agree are necessary and appropriate in connection with the performance of his duties
under this Agreement, upon substantiation of such expenses in accordance with applicable policies and procedures of the Bank. Executive
shall be provided a car allowance in the amount of $750.00 per month, with the expense of gas and maintenance incurred be paid or reimbursed
to Executive by the Bank. In addition, Executive shall be entitled to reimbursement of membership fees and assessments with respect to
a country club located in a county of New York relevant to Executive's business activities, as approved by the Chief Executive Officer.
All reimbursements pursuant to this Section 3(g) shall be reimbursed upon presentation to the Bank of an itemized account of
such expense in such form as the Bank may reasonably require.

 

    3 

     

    

 

		4.	TERMINATION AND TERMINATION PAY.

 

Subject
to Section 5 of this Agreement which governs the occurrence of a Change in ontrol, Executive's employment under this Agreement may
be terminated in the following circumstances:

 

(a)           Death
.This Agreement shall terminate upon Executive's death, in which event the Bank's sole obligation shall be
to pay Executive's estate or beneficiary any "Accrued Obligations." For purposes of this Agreement, "Accrued
Obligations" shall mean: (1) any accrued and unpaid Base Salary of Executive through the date of termination of employment,
payable pursuant to the Bank's standard payroll policies; (2) any earned and unpaid bonus of Executive under the Annual Bonus Plan
for any completed fiscal year prior to the date of termination of employment; (3) any compensation and benefits to the extent payable
to Executive based on Executive's participation in any compensation or benefit plan (including pursuant to any individual or group life
insurance plan or policy), program or arrangement of the Bank through the date of termination of employment, payable in accordance with
the terms of such plan, program or arrangement; and (4) any expense reimbursement to which Executive is entitled under the Bank's
standard expense reimbursement policy (as applicable) in Section 3(g) hereof.

 

(b)           Disability.
. This Agreement shall terminate in the event of Executive becomes "Totally Disabled." For purposes of this Agreement, Executive
shall be "Totally Disabled" if Executive is deemed disabled for purposes of eligibility for receipt of disability benefits
under the Bank's long-term disability plan, if any, or receipt of Social Security disability benefits. In the event Executive's employment
is terminated due to becoming Totally Disabled, the Bank shall pay or provide Executive with any Accrued Obligations. In
addition, Executive shall continue to receive his full Base Salary under Section 3(a) of this Agreement until he becomes
eligible for and receives disability income under the long-term disability insurance coverage then in effect for the Executive. If Executive
elects to coqtinue his group health coverage with the Bank pursuant to COBRA, the Bank shall pay to Executive the "COBRA Payments"
for a period of 18 months or, if earlier, until the date on which Executive receives substantially comparable coverage under another group
health insurance plan. The "COBRA Payments" shall be monthly
installment payments, each equal to the monthly COBRA premium in effect as of the date of Executive's termination of employment for the
level of coverage in effect for Executive under the Bank's group health plan.

 

(c)           Termination
for Cause. The Board may immediately terminate Executive's employment at any time for "Cause." In
the event Executive's employment is terminated for Cause, the Bank's sole obligation shall be to pay or provide to Executive any
Accrued Obligations. Termination for "Cause" shall mean termination because of, in the good faith determination of the
Board, Executive's:

 

(i)            an
act of fraud, embezzlement, or theft while employed by the Bank, or indictment or conviction of the Executive for, or plea of no contest
to, a felony, conviction of or plea of no contest to a misdemeanor involving moral turpitude, or the arrest and incarceration of Executive
for acts by Executive involving moral turpitude;

 

(ii)           gross
negligence, insubordination, disloyalty, or dishonesty in the performance of the Executive's duties as an officer of the Bank;
willful or reckless failure by the Executive to adhere to the Bank's written policies; intentional wrongful damage by Executive to
the business or property of the Company and the Bank, including without limitation its reputation, which in the Board's sole
judgment causes material harm to the Company, the Bank or any of its affiliates, provided, however, that the
Bank shall provide Executive with written notice specifying Executive's actions or conduct that breached this
Section 4(c)(ii) and Executive shall have 30 days to cure or remediate such actions or conduct after receiving such
written notice;

 

    4 

     

    

 

(iii)           removal
of Executive from office or permanent prohibition of Executive from participating in the affairs of the Bank by an order issued under
Section 8(e)(4) or (g)(l) of the Federal Deposit Insurance Act, 12 U.S.C. 1818(e)(4) or (g)(l); or

 

(iv)          acts
or omissions in the performance of Executive's duties having a material adverse effect on the Bank that were not done or omitted to be
done in good faith or which involved intentional misconduct or a knowing violation of law.

 

(d)           Voluntary
Termination by Executive
without Good Reason. Executive may voluntarily terminate
employment during the Term upon at least 30 days prior written notice to the Board. Except upon Executive's voluntary termination "With
Good Reason" (as defined below), Executive shall have no right to receive any compensation or benefits under this Agreement or otherwise
upon his voluntary termination of employment, except any Accrued Obligations, provided, however, that any unpaid Annual Bonus as of the
date of termination shall be forfeited. The Bank may accelerate the date of termination upon receipt of written notice of Executive's
voluntary termination.

 

		(e)	Termination Without Cause or With Good Reason.

 

		(i)	The Board may immediately terminate Executive's
employment at any time for a reason other than Cause (a termination "Without Cause"), and Executive may, by written notice
to the Board, terminate this Agreement at any time within 90 days following an event constituting "Good Reason," as defined
below (a termination "With Good Reason"); provided, however, that the Bank shall have 30 days to cure the "Good
Reason" condition, but the Bank may waive its right to cure. Any termination of Executive's employment shall have no effect on or
prejudice the vested rights of Executive under the Bank's qualified or non-qualified retirement, pension, savings, thrift, profit-sharing
or bonus plans, group life, health (including hospitalization, medical and major medical), dental, accident and long-term disability insurance
plans or other employee benefit plans or programs, or compensation plans or programs in which Executive was a participant.

 

		(ii)	In the event of termination as described under Section 4(e)(i) and subject to the requirements
of Section 4(e)(v), the Bank shall pay or provide to Executive any Accrued Obligations. In addition, the Bank shall pay Executive,
or in the event of Executive's subsequent death, Executive's beneficiary or estate, as the case may be, as severance pay, a cash lump
sum payment equal to 100% of Executive's Base Salary, payable within 30 days following Executive's date of termination.

 

    5 

     

    

 

		(iii)	In addition, the Bank shall pay to Executive
the COBRA Payments on a monthly basis commencing with the first month following Executive's date of termination and continuing until the
earlier of (A) the sixth (6th) month following Executive's date of termination; or (B) such time that Executive first becomes
eligible for health insurance coverage with another employer.

 

		(iv)	"Good Reason" exists if, without Executive's express written consent, any of the following
occurs:

 

		(A)	a material reduction in Executive's Base Salary;

 

		(B)	a material reduction in Executive's authority, duties or responsibilities from the position and attributes
associated with the Executive Position;

 

		(C)	Executive ceases to report to the Chief Executive Officer of the Bank; or

 

		(D)	a change in the geographic location at which Executive must perform services for the Bank by more than 35
miles from the location where it is contemplated that Executive will be performing Executive's duties, provided, however, that Executive
being asked/requested to provide services to the Bank at its headquarters in Middletown, NY shall not constitute "Good Reason"
under this Section 4(e)(iv).

 

		(v)	Executive shall not be entitled to any payments or benefits under this Section 4(e) unless and
until Executive executes a release of claims (the "Release") against the Bank and any affiliate, and their officers,
directors, successors and assigns, releasing said persons from any and all claims, rights, demands, causes of action, suits, arbitrations
or grievances relating to the employment relationship, including claims under the Age Discrimination in Employment Act, but not including
claims for benefits under tax-qualified plans or other benefit plans in which Executive is vested, claims for benefits required by applicable
law or claims with respect to obligations set forth in this Agreement that survive the termination of this Agreement. The Release must
be executed and become irrevocable by the 60th day following the date of Executive's termination of employment, provided that if the 60-day
period spans two (2) calendar years, then, to the extent necessary to comply with Section 409A of the Internal Revenue Code
of 1986, as amended (the "Code"), the payments and benefits described in this Section 4(e) will be paid, or
commence, in the second calendar year.

 

    6 

     

    

 

(f)           Effect
on Status as a Director.     In the event of
Executive's termination of employment under this Agreement for any reason, such termination shall also constitute Executive's
resignation as a director of the Bank or the Company, or any subsidiary or affiliate thereof, to the extent Executive is acting as a
director of any of the aforementioned entities.

 

		5.	CHANGE
                                            IN CONTROL.

 

(a)          Change
in Control Defmed. For purposes of this Agreement, the term "Change in Control" shall mean the occurrence of
any of the following events in accordance with Code Section 409A and the regulations and guidance of general application thereunder
issued by the

 U.S. Department of the Treasury, including:

 

		(i)	Change in Ownership: the date any one person or persons acting as
a group (but excluding an intra family acquisition or transfer of stock between members of the Morrison family) accumulates ownership
of Company stock constituting more than 50% of the total voting power of Company stock;

 

		(ii)	Change in Effective Control: the date that (A)  any one person or persons acting as a group (but excluding an intra family
acquisition or transfer of stock between members of the Morrison family) acquires within a 12-month period ownership of Company stock
possessing 40% or more of the total voting power of Company stock, or (B)  a majority of the Company's board of directors is replaced
during any 12-month period by directors whose appointment or election is not endorsed in advance by a majority of the Company's board
of directors; or

 

		(iii)	Change in Ownership of a Substantial Portion of Assets: the date that any one person or persons acting as a group (but excluding
an intra family acquisition or transfer of stock between members of the Morrison family) acquires (or has acquired during the 12-month
period ending on the date of the most recent acquisition by such person or persons) assets from the Company or the Bank that have a total
gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Company or the Bank
immediately prior to such acquisition.

 

(b)          Change
in Control Benefits. In the event of a termination of Executive's employment by the Bank (or any successor) Without Cause or
by Executive With Good Reason upon or within 12 months of a Change in Control that occurs during the Term, the Bank (or any
successor) (i) the Bank shall pay or provide to Executive any Accrued Obligations; and (ii) pay Executive, or in the event
of Executive's subsequent death, Executive's beneficiary or estate, as severance pay an amount equal to two (2) times
Executive's Base Salary (at the rate in effect when the Change in Control occurs or, if higher, at the rate in effect on Executive's
date of termination) in a lump sum payment within 30 days following Executive's date of termination. In addition, the Bank (or any
successor) shall pay to Executive the COBRA Payments on a monthly basis commencing with the first month following Executive's date
of termination and continuing until the earlier of (A) the sixth (6th) month
following Executive's date of termination; or (B) such time that Executive first becomes eligible for health insurance coverage
with another employer. Notwithstanding the foregoing, the payments and benefits provided in this Section 5(b) shall be
payable to Executive in lieu of any payments or benefits that are payable under Section 4(e).

 

    7 

     

    

 

(c)            280G.
Notwithstanding the preceding paragraphs of this Section, if the payments and benefits to be
afforded to Executive under Section 5hereof (the "Severance Benefits") either alone or together with other payments
and benefits which Executive has the right receive from the Company or the Bank (or any affiliate) would constitute a "parachute
payment" under Section 2800 of the Code, and but for this Section 5, would be subject to the excise tax imposed by Section 4999
of the Code (the "Excise Tax"), then the Severance Benefits shall be reduced (the "Benefit Reduction")
by the minimum amount necessary to result in no portion of the Severance Benefits being subject to the Excise Tax. All determinations
required to be made under this Section 5(c) shall be made by tax counsel or a nationally recognized certified public accounting
firm or other professional organization that is a certified public accounting firm recognized as an expert in determinations and calculations
for purposes of Section 2800 of the Code selected by the Bank prior to a Change in Control and reasonably acceptable to Executive,
which determinations shall be conclusive and binding on Executive and the Bank absent manifest error.

 

		6.	COVENANTS OF EXECUTIVE.

 

(a)          Non-Competition/Non-Solicitation - Employed
with the Bank. Executive hereby covenants and agrees to comply with the: (1) Non-Solicitation of Employees
Covenant; (2) Non-Solicitation of Customers Covenant; and (3) Non-Competition Covenant while employed with Bank during,
and after the expiration of, the Term, as applicable.

 

		(b)	Non-Competition/Non-Solicitation
- Termination of Employment During the Term.

 

		 	 	(i)	Termination for Cause/Voluntary Termination Without Good Reason. In the event of Executive's termination by the Bank for Cause
or voluntary resignation without Good Reason during the Term, Executive agrees to comply with the (1) Non-Solicitation of Employees
Covenant; (2) Non-Solicitation of Customers Covenant; and (3) Non-Competition Covenant for a period of 18 months following Executive's
date of termination.

 

		 	 	(ii)	Involuntary Termination Without
Cause/Voluntary Termination With Good Reason. In the event of Executive's termination by the Bank without Cause or voluntary resignation
With Good Reason during the Term, Executive agrees to comply with the (1) Non-Solicitation of Employees Covenant; and (2) Non
Solicitation of Customers Covenant for a period of 12 months following Executive's date of termination.

 

(c)          Non-Competition/Non-Solicitation - Termination
of Employment after the Expiration of the Term. In the event of Executive's termination of employment with the Bank
for any reason (or no reason) following the expiration of the Term, Executive agrees to comply with the (1) Non-Solicitation of
Employees Covenant and (2)  Non-Solicitation of Customers Covenant for a period of 12 months following Executive's date of
termination, provided, however, that the foregoing covenants shall only apply to Executive if the expiration of the Term is on
account of Executive's election not to renew the Term pursuant to Section 2(a) of this Agreement.

 

    8 

     

    

 

(d)           Non-Competition/Non-Solicitation
- Survival of Covenants/Change in Control. The covenants of Executive set forth in this Sections 6(a) 6(b) and 6(c) shall
survive the termination of this Agreement. However, Sections 6(b) and 6(c) shall become null and void effective immediately
upon a Change in Control.

 

(e)           Non-Competition/Non-Solicitation
- Certain Definitions. For purposes of this Agreement, the following capitalized terms are defined as follows:

 

		(i)	"Non-Solicitation of Employees
Covenant" means that Executive shall not, without the written consent of the Bank, either directly or indirectly solicit, offer
employment to, or take any other action intended (or that a reasonable person acting in like circumstances would expect) to have the
effect of causing any officer or employee of the Bank, or any of its respective subsidiaries or affiliates, to terminate his or her employment
with the Bank and/or accept employment with another employer.

 

		(ii)	''Non-Solicitation of Customers
Covenant" means that Executive shall not, without the written consent of the Bank, either directly or indirectly induce or attempt
to induce any client, customer or other business relation (whether (1) current, (2) former, within the six (6) months
after such relationship has been terminated or (3) prospective, provided that there are demonstrable efforts or plans to establish
such relationship) of the Bank or any of its respective subsidiaries or affiliates to cease doing business or to reduce the amount of
business they have customarily done or contemplate doing with the Bank or any such subsidiary or affiliate, whether or not the relationship
with the Bank or such subsidiary or affiliate and such client, customer or other business relation was originally established, in whole
or in part, through Executive's efforts, or in any way interfere with the relationship between any such client, customer or business
relation, on the one hand, and the Bank or any such affiliate or subsidiary, on the other hand.

 

		(iii)	''Non-Competition Covenant"
means that Executive shall not, without the written consent of the Bank, either directly or indirectly become an officer, employee, consultant,
director, independent contractor, agent, joint venturer, partner or trustee of any savings bank, savings and loan association, savings
and loan holding company, commercial bank, credit union, bank or bank holding company, any mortgage or loan broker or any other entity
(excluding not-for-profit entities other than credit unions) that competes with the business of the Bank or any of their direct or indirect
subsidiaries or affiliates that has a headquarters, or one or more offices, within the New York Counties of Dutchess, Putnam, Sullivan,
Westchester, Rockland, Orange or Bronx, or the Connecticut County of Fairfield.

 

    9 

     

    

 

(t)           
Confidentiality. Executive recognizes and acknowledges that the knowledge of the business activities, plans for business
activities, and all other proprietary information of the Bank, as it may exist from time to time, are valuable, special and unique assets
of the business of the Bank. Executive will not, during or after the term of Executive's employment, disclose any knowledge of the past,
present, planned or considered business activities or any other similar proprietary information of the Bank to any person, firm, corporation,
or other entity for any reason or purpose whatsoever unless expressly authorized by the Board or required by law. Notwithstanding the
foregoing, Executive may disclose any knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely
and exclusively derived from the business plans and activities of the Bank. Further, Executive may disclose information regarding the
business activities of the Bank to any bank regulator having regulatory jurisdiction over the activities of the Bank pursuant to a formal
regulatory request. In the event of a breach or threatened breach by Executive of the provisions of this Section, the Bank will be entitled
to an injunction restraining Executive from disclosing, in whole or in part, the knowledge of the past, present, planned or considered
business activities of the Bank or any other similar proprietary information, or from rendering any services to any person, firm, corporation,
or other entity to whom such knowledge, in whole or in part, has been disclosed or is threatened to be disclosed. Nothing herein will
be construed as prohibiting the Bank from pursuing any other remedies available to the Bank for such breach or threatened breach, including
the recovery of damages from Executive.

 

(g)          Information/Cooperation.
Executive shall, upon reasonable notice, furnish such information and assistance to the Bank as may be reasonably required by the
Bank, in connection with any litigation in which it or any of its subsidiaries or affiliates is, or may become, a party; provided, however,
that Executive shall not be required to provide information or assistance with respect to any litigation between Executive and the Bank
or any other subsidiaries or affiliates.

 

(h)           Reliance.
Except as otherwise provided, all payments and benefits to Executive under this Agreement shall be subject to Executive's compliance
with this Section 6, to the extent applicable. The parties hereto, recognizing that irreparable injury will result to the Bank, its
business and property in the event of Executive's breach of this Section 6, agree that, in the event of any such breach by Executive,
the Bank will be entitled, in addition to any other remedies and damages available, to an injunction to restrain the violation hereof
by Executive and all persons acting for or with Executive. Executive represents and admits that Executive's covenants set forth in this
Section 6 are reasonable. Nothing herein will be construed as prohibiting the Bank from pursuing any other remedies available to
them for such breach or threatened breach, including the recovery of damages from Executive.

 

		7.	SOURCEOFPAYMENTS.

 

All payments provided in this
Agreement shall be timely paid by check or direct deposit from the general funds of the Bank (or any successor of the Bank).

 

    10 

     

    

 

		8.	EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS.

 

This Agreement, along
with any agreement referenced herein, contains the entire understanding between the parties hereto and supersedes any prior
employment agreement between the Bank or any predecessor of the Bank and Executive, except that this Agreement shall not affect or
operate to reduce any benefit or compensation inuring to Executive under another plan, program or agreement (other than an
employment agreement) between the Bank and Executive.

 

		9.	NO ATTACHMENT; BINDING ON SUCCESSORS.

 

(a)            Except
as required by law, no right to receive payments under this Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation, or to execution, attachment, levy, or similar process or assignment by operation
of law, and any attempt, voluntary or involuntary, to affect any such action shall be null, void, and of no effect.

 

(b)          The
Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially
all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank's obligations under this
Agreement, in the same manner and to the same extent that the Bank would be required to perform if no such succession or assignment had
taken place.

 

		10.	MODIFICATION AND WAIVER.

 

(a)            This
Agreement may not be modified or amended except by an instrument in writing signed by the parties hereto.

 

(b)            No
term or condition of this Agreement shall be deemed to have been waived, nor shall there be any estoppel against the enforcement of any
provision of this Agreement, except by written instrument of the party charged with such waiver or estoppel. No such written waiver shall
be deemed a continuing waiver unless specifically stated therein, and each such waiver shall operate only as to the specific term or condition
waived and shall not constitute a waiver of such term or condition for the future as to any act other than that specifically waived.

 

		11.	REQUIRED PROVISIONS.

 

Notwithstanding anything herein contained
to the contrary, the following provisions shall apply:

 

(a)            The
Board may terminate Executive's employment at any time, but any termination by the Bank's Board other than termination for Cause
shall not prejudice Executive's right to compensation or other benefits under this Agreement. Executive shall have no right to
receive compensation or other benefits under this Agreement for any period after Executive's termination for Cause.

 

(b)            Notwithstanding
anything herein contained to the contrary, any payments to Executive by the Company, whether pursuant to this Agreement or otherwise,
are subject to and conditioned upon their compliance with Section  18(k) of the Federal Deposit Insurance Act, 12 U.S.C. Section 1828(k),
and the regulations promulgated thereunder in 12 C.F.R. Part 359.

 

    11 

     

    

 

(c)            Notwithstanding
anything else in this Agreement to the contrary (with the exception of Section 4(c)(i)), Executive's employment shall not be deemed
to have been terminated unless and until Executive has a Separation from Service within the meaning of Code Section 409A. For purposes
of this Agreement, a "Separation from Service" shall have occurred if the Bank and Executive reasonably anticipate that
either no further services will be performed by Executive after the date of termination (whether as an employee or as an independent contractor)
or the level of further services performed is less than 50 percent of the average level of bona fide services in the 36 months immediately
preceding the termination. For all purposes hereunder, the definition of Separation from Service shall be interpreted consistent with
Treasury Regulation Section l.409A-l(h)(ii).

 

(d)           Notwithstanding
the foregoing, if Executive is a "specified employee" (i.e., a "key employee" of a publicly traded company
within the meaning of Section 409A of the Code and the final regulations issued thereunder) and any payment under this Agreement
is triggered due to Executive's Separation from Service, then solely to the extent necessary to avoid penalties under Section 409A
of the Code, no payment shall be made during the first six (6) months following Executive's Separation from Service. Rather, any
payment which would otherwise be paid to Executive during such period shall be accumulated and paid to Executive in a lump sum on the
first day of the seventh month following such Separation from Service. All subsequent payments shall be paid in the manner specified in
this Agreement.

 

(e)            If
the Bank cannot provide Executive or Executive's dependents any continued health insurance or other welfare benefits as required by this
Agreement because Executive is no longer an employee, applicable rules and regulations prohibit such benefits or the payment of such
benefits in the manner contemplated, or it would subject the Bank to penalties, then the Bank shall pay Executive or Executive's beneficiary
or estate in the event of death a cash lump sum payment reasonably estimated to be equal to the value of such benefits or the value of
the remaining benefits at the time of such determination. Such cash payment shall be made in a lump sum within 30 days after the later
of Executive's date of termination or the effective date of the rules or regulations prohibiting such benefits or subjecting the
Bank to penalties.

 

(f)            To
the extent not specifically provided in this Agreement, any compensation or reimbursements payable to Executive shall be paid or provided
no later than two and one-half (2.5) months after the calendar year in which such compensation is no longer subject to a substantial risk
of forfeiture within the meaning of Treasury Regulation Section l.409A-l(d).

 

(g)          Notwithstanding
anything in this Agreement to the contrary, Executive understands that nothing contained in this Agreement limits Executive's ability
to file a charge or complaint with the Securities and Exchange Commission or any other federal, state or local governmental agency or
commission ("Government Agencies") about a possible securities law violation without approval of the Bank (or any affiliate).
Executive further understands that this Agreement does not limit Executive's ability to communicate with any Government Agency or otherwise
participate in any investigation or proceeding that may be conducted by any Government Agency, including providing documents or other
information, without notice to the Bank (or any affiliate) related to the possible securities law violation. This Agreement does not
limit Executive's right to receive any resulting monetary award for information provided to any Government Agency.

 

    12 

     

    

 

		12.	SEVERABILITY.

 

If,
for any reason, any provision of this Agreement, or any part of any provision, is held invalid, such invalidity shall not affect
any other provision of this Agreement or any part of such provision not held so invalid, and each such other provision and part thereof
shall to the full extent consistent with law continue in full force and effect.

 

		13.	GOVERNING LAW.

 

This Agreement shall be governed
by the laws of the State of New York, but only to the extent not superseded by federal law.

 

		14.	PAYMENT OF LEGAL FEES.

 

To the extent that such payment(s) may
be made without triggering penalty under Code Section 409A, all reasonable legal fees paid or incurred by Executive pursuant to any
dispute relating to this Agreement shall be paid or reimbursed by the Bank provided that the dispute is resolved in Executive's favor,
and such reimbursement shall occur no later than 60 days after the end of the year in which the dispute is settled or resolved in Executive's
favor.

 

		15.	INDEMNIFICATION.

 

The Bank shall provide Executive
(including Executive's heirs, executors and administrators) with coverage under a standard directors' and officers' liability insurance
policy at its expense, and shall indemnify Executive (and Executive's heirs, executors and administrators) in accordance with the charter
and bylaws of the Bank and to the fullest extent permitted under applicable law against all expenses and liabilities (including attorneys'
fees) reasonably incurred by Executive in connection with or arising out of any action, suit or proceeding in which he may be involved
by reason of Executive having been a director or officer of the Bank or any subsidiary or affiliate of the Bank.

 

		16.	NOTICE.

 

For the purposes of this Agreement,
notices and all other communications provided for in this Agreement shall be in writing and shall be deemed to have been duly given when
delivered or mailed by certified or registered mail, return receipt requested, postage prepaid, addressed to the respective addresses
set forth below:

 

	 	To the Bank:	Orange Bank &Trust Company
	 		212 Dolson Avenue
	 		Middletown, NY 10940
	 		Attention: Chief Executive Officer
	 	 	 
	 	To Executive:	Most
recent address on file with the Bank

 

[Signature Page Follows)

 

    13 

     

    

 

IN WITNESS WHEREOF, the parties have executed
this Agreement as of the dates below.

 

By signing below, the Bank and Executive acknowledge
and agree that: (1) this Agreement shall supersede and replace the employment agreement between the Bank and Executive dated January 5,
2015 (the "Prior Agreement") as of the Effective Date; and (2) the Prior Agreement shall be terminated as of the
Effective Date.

 

	 	 	ORANGE BANK & TRUST COMPANY
	 	 	 
	 	 	 
	11/17/17	 	By:	/s/
    Michael J. Gilfeather
	Date	 	Name:	Michael J. Gilfeather
	 	 	Title: 	President and Chief Executive Officer 

 

	11/17/17

                           
	 	/s/ Joseph Ruhl
	Date	 	Joseph Ruhl
	 	 	 

 

    14

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