Document:

Transition Agreement

 Exhibit 10.1 
 TRANSITION AGREEMENT 
 This Transition Agreement made as of this 13th day of May, 2008 by and between
VistaPrint Limited (“VistaPrint”), VistaPrint USA, Incorporated (“VistaPrint USA” and, together with VistaPrint, the “Company”) and Harpreet Grewal (“Mr. Grewal”). 
 WHEREAS, Mr. Grewal has served as an Executive Vice President and as the Company’s Chief Financial Officer since October 2006,

 WHEREAS, Mr. Grewal has indicated to the Company his desire to resign from the Company due to personal reasons and
obligations, and 
 WHEREAS, the Company desires to secure his continued service for a minimum designated period of time to allow for
the timely completion of his current assignments and to allow for an appropriate transition of duties to a new Chief Financial Officer. 
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants contained herein, the parties agree as follows. 
 1. (a) At-Will Status. Mr. Grewal agrees to remain employed as the Company’s Chief Financial Officer from the date of this Transition Agreement until September 2, 2008. Mr. Grewal will continue to perform
those duties and responsibilities customary and consistent with his position as Chief Financial Officer. Effective September 2, 2008, Mr. Grewal agrees to immediately resign his position as Chief Financial Officer, but will remain an
employee of the Company with the duty and responsibility to assist the Company’s new Chief Financial Officer until October 2, 2008 (the period from the date of this Transition Agreement through October 2, 2008 shall be the
“At-Will Period”). During this At-Will Period, Mr. Grewal will continue to receive the same salary, bonuses, fringe benefits, restricted share units and stock option vesting to which he was entitled immediately prior to the execution
date of this Transition Agreement; provided, however, that effective July 1, 2008, his annualized base salary shall be increased to $280,000 and his annual target bonus shall be increased to $170,000. Notwithstanding the
foregoing, in the event that the Company chooses to have his successor assume responsibility as Chief Financial Officer prior to September 2, 2008, Mr. Grewal agrees to immediately resign his position as Chief Financial Officer and will
assist the new Chief Financial Officer for the remainder of the At-Will Period; provided, however, that no such resignation by Mr. Grewal shall affect the term of the At-Will Period or the salary, benefits, vesting and other
matters to which he is entitled to during the At-Will Period. Effective no later than October 2, 2008, Mr. Grewal’s employment with the Company will terminate. At any time during this At-Will Period either party may terminate the
employment relationship with or without cause or prior notice. The date upon which the At-Will Period terminates in accordance with this section shall be referred to herein as the “Effective Date of Resignation.” 
 (b) Consulting Status. Upon the Effective Date of Resignation, provided the Company has not previously terminated Mr. Grewal’s
employment for gross negligence or willful misconduct and Mr. Grewal has not terminated his employment relationship with the Company 

  

 1 

 
prior to October 2, 2008, Mr. Grewal will resign all titles and postings he then holds with the Company and he shall become a consultant for the
Company commencing on that date and continuing until the earlier of nine months from the Effective Date of Resignation or July 2, 2009 (the “Consulting Period”). During this Consulting Period, Mr. Grewal will provide up to five
(5) hours per month of consulting services via telephone conference with the Company’s Chief Executive Officer, Chief Financial Officer or Vice President of Finance or other Company designee. Mr. Grewal will not be eligible for
additional compensation for such consulting beyond those payments specified in this Transition Agreement. 
 (c) Termination of
Executive Retention Agreement. The Executive Retention Agreement between the parties dated October 2, 2006 is null and void and is hereby superseded and replaced in its entirety by this Transition Agreement 
 2. Severance Benefits. (a) Upon and subject to the commencement of a consulting relationship between Mr. Grewal and the Company
pursuant to Section 1(b) above, and subject to the terms and conditions set forth on Exhibit A, Mr. Grewal shall execute the Release of Claims attached hereto as Exhibit B and, conditioned on the Release of Claims becoming binding upon
Mr. Grewal, Mr. Grewal or, in the event of Mr. Grewal’s death, his estate, shall be entitled to the compensation set forth in subparagraphs 2(b)-(d) below. 
 (b) The Company shall pay Mr. Grewal $180,000 plus an amount calculated as follows: [$112,500 multiplied by the applicable yearly payout rate
for fiscal year 2008 under the Executive Officer FY 2008 Plan] less [$5,000 multiplied by the applicable quarterly payout rate for the first quarter of fiscal year 2009 under The Executive Officer FY 2009 Plan] (together, the “Severance
Payment”). The Severance Payment shall be paid over a period of nine (9) months in equal bi-weekly installments in accordance with the Company’s normal payroll procedures, less all applicable taxes and withholdings; provided,
however, such payments shall not commence until the Release of Claims referenced in 2(a) above is binding upon Mr. Grewal and such payments shall immediately terminate if Mr. Grewal commences comparable employment at any time during
the Consulting Period. Mr. Grewal agrees to inform the Company within 48 hours of obtaining such comparable employment. For purposes of this Transition Agreement, comparable employment means any position as either an employee or independent
contractor having annualized base salary compensation greater than or equal to $200,000. 
 (c) On October 31, 2006 in accordance
with the Nonqualified Stock Option Agreement granted under the Amended and Restated 2005 Equity Incentive Plan, the Company granted Mr. Grewal an option to purchase 90,000 common shares of VistaPrint and in accordance with the Restricted Share
Unit Agreement granted under the Amended and Restated 2005 Equity Incentive Plan, the Company granted Mr. Grewal restricted share units with respect 100,000 common shares. Similarly, on March 15, 2007, in accordance with the Nonqualified
Stock Option Agreement granted under the Amended and Restated 2005 Equity Incentive Plan, the Company granted him an option to purchase 49,714 common shares of VistaPrint. All options to purchase common shares of VistaPrint shall cease vesting on
the Effective Date of Resignation and any unvested options on such date shall be forfeited as of the Effective Date of Resignation; provided, however, that if the Company terminates Mr. Grewal’s employment prior to
October 2, 2008 for any reason other than gross negligence or willful misconduct, any unvested options that would have vested on or before October 2, 2008 under the terms of such option agreements will 

  

 2 

 
be accelerated so that such options will be fully vested (with any other unvested options forfeited). Provided that the Company has not previously terminated
Mr. Grewal’s employment for gross negligence or willful misconduct and Mr. Grewal has not terminated his employment relationship with the Company prior to October 2, 2008, those unvested restricted shares units granted on
October 31, 2006 that would have vested on or before October 2, 2009 under the terms of the Restricted Share Unit Agreement, but have not yet so vested by the Effective Date of Resignation, will be accelerated so that such restricted share
units will be fully vested and the balance of such award shall be forfeited as of the Effective Date of Resignation. 
 (d) All
Company benefits, including life insurance and long term disability, will end upon the date Mr. Grewal’s employment with the Company terminates. Notwithstanding the foregoing, as of the Effective Date of Resignation, provided the
Company has not previously terminated Mr. Grewal’s employment for gross negligence or willful misconduct and Mr. Grewal has not terminated his employment relationship with the Company prior to October 2, 2008,
Mr. Grewal shall be considered to have elected to continue receiving group medical insurance pursuant to the federal “COBRA” law, 29 U.S.C. § 1161 et seq., and, during the Consulting Period, the Company shall pay
the entire premium for such coverage. All premium costs after the Consulting Period shall be paid by Mr. Grewal on a monthly basis for as long as, and to the extent that, he remains eligible for COBRA
continuation. Mr. Grewal should consult the COBRA materials to be provided by the Company for details regarding these benefits. 
 3. Non-Disclosure, Non-Competition and Non-Solicitation Obligations. Mr. Grewal acknowledges and reaffirms his obligation, consistent with applicable law, to keep confidential and not to disclose any and all non-public
information concerning the Company that he acquired during the course of his employment with the Company, including, but not limited to, any non-public information concerning the Company’s business affairs, business prospects and financial
condition, as is stated more fully in the VistaPrint USA, Incorporated Invention and Nondisclosure Agreement he executed on October 3, 2006 which remains in full force and effect. Mr. Grewal further acknowledges and reaffirms all of his
obligations under the VistaPrint USA, Incorporated Non-Competition and Non-Solicitation Agreement he executed on October 3, 2006. 
 4. Return of Company Property. Mr. Grewal confirms that, no later than the Effective Date of Resignation, he will return to the Company all keys, files, records (and copies thereof), equipment (including, but not limited
to, computer hardware, software and printers, wireless handheld devices, cellular phones, pagers, etc.), Company identification, Company vehicles and any other Company-owned property in his possession or control, and that he will leave intact all
electronic Company documents, including, but not limited to, those which he developed or helped develop during his employment. Mr. Grewal further confirms that he will have cancelled all accounts for his benefit, if any, in the Company’s
name, including, but not limited to, credit cards, telephone charge cards, cellular phone and/or pager accounts and computer accounts. 
 5. Release of Claims. In consideration of the benefits provided for in this Transition Agreement, which Mr. Grewal acknowledges he would not otherwise be entitled to receive, Mr. Grewal hereby fully, forever,
irrevocably and unconditionally releases, remises and discharges the Company, its officers, directors, stockholders, corporate affiliates, subsidiaries, parent companies, agents and employees (each in their individual and corporate capacities)

  

 3 

 
(hereinafter, the “Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits, rights, debts, sums
of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings, omissions, damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and costs), of every kind and nature which he has ever
had or now has against the Released Parties, including, but not limited to, any claims arising out of his employment with and/or separation from the Company, including, but not limited to, all employment discrimination claims under Title VII of the
Civil Rights Act of 1964, 42 U.S.C. § 2000e et seq., the Americans With Disabilities Act of 1990, 42 U.S.C. §12101 et seq., the Family and Medical Leave Act, 29 U.S.C. § 2601 et seq., the Worker Adjustment and
Retraining Notification Act (“WARN”), 29 U.S.C. § 2101 et seq., and the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., all as amended; all claims arising out of the Fair Credit Reporting Act, 15 U.S.C.
§1681 et seq., the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §1001 et seq., the Massachusetts Fair Employment Practices Act., M.G.L. c. 151B, § 1 et seq., the Massachusetts
Civil Rights Act, M.G.L. c. 12, §§ 11H and 11I, the Massachusetts Equal Rights Act, M.G.L. c. 93, § 102 and M.G.L. c. 214, § 1C, the Massachusetts Labor and Industries Act, M.G.L. c. 149, § 1 et seq., the
Massachusetts Privacy Act, M.G.L. c. 214, § 1B, and the Massachusetts Maternity Leave Act , M.G.L. c. 149, § 105(d), all as amended; all common law claims including, but not limited to, actions in tort, defamation and breach of contract;
all claims to any non-vested ownership interest in the Company, contractual or otherwise, including, but not limited to, claims to stock or stock options (except for those share/stock option rights and interests set forth in the Transition
Agreement); and any claim or damage arising out of his employment with or separation from the Company (including a claim for retaliation) under any common law theory or any federal, state or local statute or ordinance not expressly referenced above;
provided, however, that nothing in this Transition Agreement prevents him from filing, cooperating with, or participating in any proceeding before the EEOC or a state Fair Employment Practices Agency (except that Mr. Grewal
acknowledges that he may not be able to recover any monetary benefits in connection with any such claim, charge or proceeding). 
 Mr. Grewal acknowledges that he has been given sufficient time to consider this Transition Agreement and its Attachment A, and the Release of Claims at Attachment B, and that the Company advised him to consult with an attorney of his
own choosing prior to signing this Transition Agreement and Attachment B. 
 6. Amendment. This Transition Agreement shall be
binding upon the parties and may not be modified in any manner, except by an instrument in writing of concurrent or subsequent date signed by duly authorized representatives of the parties hereto. This Transition Agreement is binding upon and shall
inure to the benefit of the parties and their respective agents, assigns, heirs, executors, successors and administrators. 
 7. No
Waiver. No delay or omission by either party in exercising any right under this Transition Agreement shall operate as a waiver of that or any other right. A waiver or consent given by a party on any one occasion shall be effective only in
that instance and shall not be construed as a bar or waiver of any right on any other occasion. 
 8. Validity. Should any
provision of this Transition Agreement and its attachments be declared or be determined by any court of competent jurisdiction to be illegal or invalid, the 

  

 4 

 
validity of the remaining parts, terms or provisions shall not be affected thereby and said illegal and/or invalid part, term or provision shall be deemed
not to be a part of this Transition Agreement. 
 9. Voluntary Assent. Mr. Grewal affirms that no other promises or
agreements of any kind have been made to or with him by any person or entity whatsoever to cause him to sign this Transition Agreement, and that he fully understand the meaning and intent of this agreement. Mr. Grewal states and represents that
he has had an opportunity to fully discuss and review the terms of this Transition Agreement and the attachments hereto with an attorney. Mr. Grewal further states and represents that he has carefully read this Transition Agreement, including
Attachments A and B hereto, understand the contents therein, freely and voluntarily assent to all of the terms and conditions hereof, and signs his name of his own free act. 
 10. Applicable Law. This Transition Agreement and all attachments hereto shall be interpreted and construed by the laws of the Commonwealth
of Massachusetts, without regard to conflict of laws provisions. The parties hereby irrevocably submit to and acknowledge and recognize the jurisdiction of the courts of the Commonwealth of Massachusetts, or if appropriate, a federal court located
in Massachusetts (which courts, for purposes of this Transition Agreement, are the only courts of competent jurisdiction), over any suit, action or other proceeding arising out of, under or in connection with this Transition Agreement or the subject
matter hereof. 
 11. Section 409A. The Company makes no representation or warranty and shall have no liability to
Mr. Grewal or to any other person if any provisions of this Transition Agreement are determined to constitute deferred compensation subject to Section 409A but that are not compliant with or exempt from that section. 
 12. Entire Agreement. This Transition Agreement, together with Attachments A and B, contains and constitutes the entire understanding and
agreement between the parties hereto and cancels all previous oral and written negotiations, agreements, commitments and writings in connection therewith. Nothing in this paragraph, however, shall modify, cancel or supersede Mr. Grewal’s
obligations set forth in paragraph 3 herein. 
  

 5 

 IN WITNESS WHEREOF, the parties hereto hereby execute this Transition Agreement as of the date and year
first set forth above. 
  

			
	VISTAPRINT LIMITED	 	Harpreet Grewal
		
	 By:  /s/  Janice Richardson-Trott            
 Name: Janice Richardson-Trott
 Title: Corporate Secretary
	 	/s/  Harpreet
Grewal                        
		
	VISTAPRINT USA, INCORPORATED	 	 
		
	 By:  /s/  Michael
Giannetto                     
 Name: Michael
Giannetto
 Title: Treasurer
	 	 

  

 6 

 EXHIBIT A 
 Payments Subject to Section 409A 
 1. Subject to this Exhibit A, payments or benefits under
Section 2 of the Transition Agreement shall begin only upon the date of a “separation from service” of Mr. Grewal (determined as set forth below) which occurs on or after the termination of Mr. Grewal’s employment. The
following rules shall apply with respect to distribution of the payments and benefits, if any, to be provided to Mr. Grewal under Section 2, as applicable: 
         (a) It is intended that each installment of the payments and benefits provided under Section 2 of the Transition Agreement shall be treated as a separate
“payment” for purposes of Section 409A of the Code and the guidance issued thereunder (“Section 409A”). Neither the Company nor Mr. Grewal shall have the right to accelerate or defer the delivery of any such payments or
benefits except to the extent specifically permitted or required by Section 409A. 
         (b)
If, as of the date of the “separation from service” of Mr. Grewal from the Company, Mr. Grewal is not a “specified employee” (within the meaning of Section 409A), then each installment of the payments and benefits
shall be made on the dates and terms set forth in Section 2 of the Transition Agreement. 
         (c) If, as of the date of the “separation from service” of Mr. Grewal from the Company, Mr. Grewal is a “specified employee” (within the meaning of
Section 409A), then: 
                 (i) Each installment of the payments and benefits due under Section 2 of the Transition Agreement that, in accordance with the dates and
terms set forth herein, will in all circumstances, regardless of when the separation from service occurs, be paid within the Short-Term Deferral Period (as hereinafter defined) shall be treated as a short-term deferral within the meaning of Treasury
Regulation Section 1.409A-1(b)(4) to the maximum extent permissible under Section 409A. For purposes of this Transition Agreement, the “Short-Term Deferral Period” means the period ending on the later of the 15th day of the third month following the end of Mr. Grewal’s tax year in which the separation from service occurs and the 15th day of the third month following the end of the Company’s tax year in which the separation from service occurs; and 
                 (ii) Each installment of the payments and benefits due
under Section 2 of the Transition Agreement that is not described in this Exhibit A, Section 1(c)(i) above and that would, absent this subsection, be paid within the six-month period following the “separation from service” of
Mr. Grewal from the Company shall not be paid until the date that is six months and one day after such separation from service (or, if earlier, Mr. Grewal’s death), with any such installments that are required to be delayed being
accumulated during the six-month period and paid in a lump sum on the date that is six months and one day following Mr. Grewal’s separation from service and any subsequent installments, if any, being paid in accordance with the dates and
terms set forth herein; provided, however, that the preceding provisions of this sentence shall not apply to any installment of payments and benefits if and to the maximum extent that that such installment is deemed to be paid under a
separation pay plan 

  

 7 

 
that does not provide for a deferral of compensation by reason of the application of Treasury Regulation 1.409A-1(b)(9)(iii) (relating to separation pay
upon an involuntary separation from service). Any installments that qualify for the exception under Treasury Regulation Section 1.409A-1(b)(9)(iii) must be paid no later than the last day of Mr. Grewal’s second taxable year following
his taxable year in which the separation from service occurs. 
 2. The determination of whether and when a separation from service of
Mr. Grewal from the Company has occurred shall be made and in a manner consistent with, and based on the presumptions set forth in, Treasury Regulation Section 1.409A-1(h). Solely for purposes of this Exhibit A, Section 2,
“Company” shall include all persons with whom the Company would be considered a single employer under Section 414(b) and 414(c) of the Code. 
 3. All reimbursements and in-kind benefits provided under the Transition Agreement shall be made or provided in accordance with the requirements of Section 409A to the extent that such reimbursements or in-kind
benefits are subject to Section 409A. 
  

 8 

 EXHIBIT B 
 RELEASE OF CLAIMS 
 This Release of Claims forms a part of that certain Transition Agreement (the “Transition
Agreement”) dated as of May 13, 2008 by and among Harpreet Grewal (“Mr. Grewal”), VistaPrint Limited and VistaPrint USA, Incorporated (collectively, the “Company”). 
 1. Mr. Grewal’s Release of Claims – In consideration of the benefits set forth in paragraph 2 of the Transition Agreement,
which Mr. Grewal acknowledges he would not otherwise be entitled to receive, he hereby fully, forever, irrevocably and unconditionally releases, remises and discharges the Company, its officers, directors, stockholders, corporate affiliates,
subsidiaries, parent companies, agents and employees (each in their individual and corporate capacities) (hereinafter, the “Released Parties”) from any and all claims, charges, complaints, demands, actions, causes of action, suits, rights,
debts, sums of money, costs, accounts, reckonings, covenants, contracts, agreements, promises, doings, omissions, damages, executions, obligations, liabilities, and expenses (including attorneys’ fees and costs), of every kind and nature which
he ever had or now has against the Released Parties, including, but not limited to, any claims arising out of his employment with and/or separation from the Company, including, but not limited to, all employment discrimination claims under Title VII
of the Civil Rights Act of 1964, 42 U.S.C. §2000e et seq., the Age Discrimination in Employment Act, 29 U.S.C. § 621 et seq., the Americans With Disabilities Act of 1990, 42 U.S.C. §12101 et seq., the Family and
Medical Leave Act, 29 U.S.C. § 2601 et seq., the Worker Adjustment and Retraining Notification Act (“WARN”), 29 U.S.C. § 2101 et seq., and the Rehabilitation Act of 1973, 29 U.S.C. § 701 et seq., all as
amended; all claims arising out of the Fair Credit Reporting Act, 15 U.S.C. §1681 et seq., the Employee Retirement Income Security Act of 1974 (“ERISA”), 29 U.S.C. §1001 et seq., the Massachusetts Fair Employment
Practices Act., M.G.L. c. 151B, § 1 et seq., the Massachusetts Civil Rights Act, M.G.L. c. 12, §§ 11H and 11I, the Massachusetts Equal Rights Act, M.G.L. c. 93, § 102 and M.G.L. c. 214, § 1C, the Massachusetts Labor
and Industries Act, M.G.L. c. 149, § 1 et seq., the Massachusetts Privacy Act, M.G.L. c. 214, § 1B, and the Massachusetts Maternity Leave Act , M.G.L. c. 149, § 105(d), all as amended; all common law claims including, but not
limited to, actions in tort, defamation and breach of contract; all claims to any non-vested ownership interest in the Company, contractual or otherwise, including, but not limited to, claims to stock or stock options (except for those share/stock
option rights and interests set forth in the Transition Agreement); and any claim or damage arising out of his employment with or separation from the Company (including a claim for retaliation) under any common law theory or any federal, state or
local statute or ordinance not expressly referenced above; provided, however, that nothing in this agreement prevents him from filing, cooperating with, or participating in any proceeding before the EEOC or a state Fair Employment Practices Agency
(except that he acknowledges that he may not be able to recover any monetary benefits in connection with any such claim, charge or proceeding). Nothing herein shall bar actions to enforce the terms of the Transition Agreement. Moreover, nothing
herein shall be construed so as to limit or restrict any right to advancement of expenses, indemnification or insurance available to Mr. Grewal in his officer and employee position. 
  

 9 

 Mr. Grewal hereby acknowledges that he has been given at least twenty-one (21) days to consider this Attachment
A, and that the Company advised him to consult with any attorney of his own choosing prior to signing the Transition Agreement and this Attachment A. Mr. Grewal may revoke his acceptance of this Attachment A during the period of seven
(7) days after the execution of it, and this Attachment A shall not become effective or enforceable, and no severance payments will be made pursuant to Paragraph 2 of the Transition Agreement, until this seven (7) day period has expired
and this Release of Claims is binding upon Mr. Grewal. 
 2. Applicable Law – This Release of Claims shall be
interpreted and construed by the laws of the Commonwealth of Massachusetts, without regard to conflict of laws provisions. The parties hereby irrevocably submit to and acknowledge and recognize the jurisdiction of the courts of the Commonwealth of
Massachusetts, or if appropriate, a federal court located in Massachusetts (which courts, for purposes of this Transition Agreement and Release of Claims, are the only courts of competent jurisdiction), over any suit, action or other proceeding
arising out of, under or in connection with this Transition Agreement, the Release of Claims or the subject matter hereof. 
  

			
	VISTAPRINT LIMITED	 	Harpreet Grewal
		
	 By:
                                        
                                
 Name:
 Title:
	 	  

		
	VISTAPRINT USA, INCORPORATED	 	 
		
	 By:
                                        
                                
 Name:
 Title:
	 	 

  

 10Employment Agreement

 Exhibit 10.13 
 EMPLOYMENT AGREEMENT 
 THIS AGREEMENT is made
as of the 8th day of May, 2008, by and among Citizens National Bank (the “Employer”), CNB Bancorp, Inc., a bank holding company
incorporated under the laws of the Commonwealth of Virginia (“CNB”) and Jeffery H. Noblin, a resident of the Commonwealth of Virginia (the “Executive”). 
 RECITALS: 
 The Employer desires to employ the Executive as its President and
the Executive desires to accept such employment. 
 In consideration of the mutual agreements hereinafter set forth, the parties hereby agree
as follows: 
 1. Definitions. Whenever used in this Agreement, the following terms and their variant forms shall have the meaning set forth
below: 
 1.1 “Agreement” shall mean this Agreement and any exhibits incorporated herein together with any amendments
hereto made in the manner described in this Agreement. 
 1.2 “Affiliate” shall mean any business entity which
controls the Employer, is controlled by or is under common control with the Employer. 
 1.3 “Area” shall mean the
geographic area within a fifteen (15) mile radius of the town limits of Windsor, Virginia, the Employer’s primary location. It is the express intent of the parties that the Area as defined herein is the area where the Executive performs
services on behalf of the Employer under this Agreement. 
 1.4 “Business of the Employer” shall mean the business
conducted by the Employer, which is the business of commercial banking.  
 1.5 “Cause” shall mean:

 1.5.1 With respect to termination by the Employer: 
 (a) A material breach of the terms of this Agreement by the Executive, including, without limitation, failure by the Executive to perform his duties and responsibilities in the manner and to the extent required under
this Agreement, which remains uncured after the expiration of thirty (30) days following the delivery of written notice of such breach to the Executive by the Employer. Such notice shall (i) specifically identify the duties that the Board
of Directors of either the Employer or CNB believes the Executive has failed to perform, and (ii) state the facts upon which such Board of Directors made such determination; 
 (b) Conduct by the Executive that amounts to fraud, dishonesty or willful misconduct in the performance of his duties and responsibilities hereunder;

 (c) Arrest for, charged in relation to (by criminal information, indictment or otherwise), or conviction of the Executive during the Term
of this Agreement of a crime involving breach of trust or moral turpitude; 
 (d) Conduct by the Executive that amounts to gross and willful
insubordination or inattention to his duties and responsibilities hereunder; or 
 (e) Conduct by the Executive that results in his removal
from his position as an officer or executive of the Employer pursuant to a written order by any regulatory agency with authority or jurisdiction over the Employer. 
 1.5.2 With respect to termination by the Executive, a material diminution in the powers, responsibilities or duties of the Executive hereunder or a material breach of the terms of this Agreement by the Employer, which
remains uncured after the expiration of thirty (30) days following the delivery of written notice of such breach to the Employer by the Executive. 
 1.6 “Change of Control” means any one of the following events: 
 (a) the acquisition
by any person or persons acting in concert of the then outstanding voting securities of either CNB or the Employer, if, after the transaction, the acquiring person(s) owns, controls or holds with power to vote twenty-five percent
(25%) or more of any class of voting securities of either CNB or the Employer, as the case may be; 
 (b) within any twelve
(12) month period (beginning on or after the Effective Date) the persons who were directors of either CNB or the Employer immediately before the beginning of such twelve (12) month period (the “Incumbent Directors”) shall cease
to constitute at least a majority of such board of directors; provided that any director who was not a director as of the beginning of such twelve (12) month period shall be deemed to be an Incumbent Director if that director were elected to
such board of directors by, or on the recommendation of or with the approval of, at least two-thirds (2/3) of the directors who then qualified as Incumbent Directors; and provided further that no director whose initial assumption of office is
in connection with an actual or threatened election contest relating to the election of directors shall be deemed to be an Incumbent Director; 
 (c) a reorganization, merger, share exchange combination, or consolidation, with respect to which persons who were the stockholders of CNB or the Employer, as the case may be, immediately prior to such reorganization, merger, share exchange
combination, or consolidation do not, immediately thereafter, own more than fifty percent (50%) of the combined voting power entitled to vote in the election of directors of the reorganized, merged, combined or consolidated Employer’s then
outstanding voting securities; or 

 (d) the sale, transfer or assignment of twenty-five percent (25%) or more of the voting stock of CNB
or all or substantially all of the assets of CNB to a party other than the Employer or an affiliate of the Employer, or the Employer liquidates or dissolves CNB. 
 1.7 “Confidential Information” means data and information relating to the business of CNB or the Employer (which does not rise to the status of a Trade Secret) which is or has been disclosed to
the Executive or of which the Executive became aware as a consequence of or through the Executive’s relationship to CNB or the Employer and which has value to CNB or the Employer and is not generally known to its competitors. Confidential
Information shall not include any data or information that has been voluntarily disclosed to the public by CNB or the Employer (except where such public disclosure has been made by the Executive without authorization) or that has been independently
developed and disclosed by others, or that otherwise enters the public domain through lawful means. 
 1.8
“Disability” shall mean the inability of the Executive to perform each of his material duties under this Agreement for the duration of the short-term disability period under the Employer’s policy then in effect as certified
by a physician chosen by the Employer and reasonably acceptable to the Executive. 
 1.9 “Effective Date” shall mean
May 15, 2008. 
 1.10 “Employer Information” means Confidential Information and Trade Secrets. 
 1.11 “Initial Term” shall mean that period of time commencing on the Effective Date and running until the earlier of the close of
business on the last business day immediately preceding the first anniversary of the Effective Date or any earlier termination of employment of the Executive under this Agreement as provided for in Section 3. 
 1.12 “Term” shall mean the Initial Term and all subsequent renewal periods. 
 1.13 “Trade Secrets” means Employer information including, but not limited to, technical or non technical data, formulas,
patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans or lists of actual or potential customers or suppliers which: 
 (a) derives economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons
who can obtain economic value from its disclosure or use; and 
 (b) is the subject of efforts that are reasonable under the circumstances to
maintain its secrecy. 
 2. Duties. 
 2.1 Position. The Executive is employed as President of the Employer and, subject to the direction of the Chief Executive Officer and the Board of Directors of CNB or the Employer or its designee(s), shall perform and
discharge well and faithfully the duties which may be assigned to him from time to time by CNB or the Employer in connection with the conduct of its business. The current duties and responsibilities of the Executive are set forth on
Exhibit A attached hereto, which may be changed at any time by the Employer. 
 2.2 Full-Time Status. In addition
to the duties and responsibilities specifically assigned to the Executive pursuant to Section 2.1 hereof, the Executive shall:
 (a)
devote substantially all of his time, energy and skill during regular business hours to the performance of the duties of his employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform
such duties; 
 (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to him by the
Board of Directors of either CNB or the Employer; and 
 (c) timely prepare and forward to the Board of Directors of either CNB or the
Employer all reports and accountings as may be requested of the Executive. 
 2.3 Permitted Activities. The Executive shall
devote his entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other business or professional activity, whether or not such
activity is pursued for gain, profit or other pecuniary advantage; but this shall not be construed as preventing the Executive from: 
 (a)
investing his personal assets in businesses which (subject to clause (b) below) are not in competition with the Business of the Employer and which will not require any services on the part of the Executive in their operation or affairs and in
which his participation is solely that of an investor; 
 (b) purchasing securities in any corporation, the securities of which are regularly
traded provided that such purchase shall not result in him collectively owning beneficially at any time five percent (5%) or more of the equity securities of any business in competition with the Business of the Employer; and 
 (c) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books or teaching so long as the
Board of Directors of either CNB or the Employer approves in writing of such activities prior to the Executive’s engaging in them. 
 3. Term and
Termination. 
 3.1 Term. This Agreement shall remain in effect for the Term. While this Agreement remains in effect, at
the end of the Initial Term, the Agreement will be renewable for one (1) year periods thereafter, unless either the Executive or the Employer provides sixty (60) days prior written notice of their intent to terminate this Agreement.

 3.2 Termination. During the Term, the employment of the Executive under this Agreement may
be terminated only as follows: 
 3.2.1 By the Employer: 
 (a) For Cause, upon a vote of at least fifty-one percent (51%) of the Employer’s Board of Directors, and upon written notice to the Executive pursuant to Section 1.5.1 hereof, in which event the
Employer shall have no further obligation to the Executive except for payment of any Base Salary due and owing under Section 4.1 on the effective date of termination and reimbursement under Section 4.5 of expenses incurred as of the
effective date of termination; 
 (b) Without Cause at any time, provided that the Employer shall give the Executive thirty
(30) days’ prior written notice of its intent to terminate, in which event, and upon execution of a full and final release from Executive, the Employer shall be required to continue to meet its obligation to the Executive under
Section 4.1 for a period of ninety (90) days from the date of termination of this Agreement. Non-renewal of this Agreement, however, does not constitute termination without cause; or 
 (c) Upon the Disability of Executive at any time, provided that the Employer shall give the Executive thirty (30) days’ prior written notice
of its intent to terminate, in which event, and upon execution of a full and final release from Executive, the Employer shall be required to continue to meet its obligation to the Executive under Section 4.1 for six (6) months following
the termination or until the Executive begins receiving payments under the Employer’s long-term disability policy, whichever occurs first. 
 (d) In the event that the primary regulator for the Employer or CNB raises an objection to the Executive’s service as President of either the Employer or CNB pursuant to which the regulator requires the Executive’s removal from
his position as President, in which event the Employer shall have no further obligation to the Executive except for payment of any Base Salary due and owing under Section 4.1 on the effective date of termination and reimbursement under
Section 4.5 of expenses incurred as of the effective date of termination. 
 3.2.2 At any time upon mutual, written agreement of the
parties, in which event the Employer shall have no further obligation to the Executive except for payment of any Base Salary due and owing under Section 4.1 on the effective date of termination and reimbursement under Section 4.5 of
expenses incurred as of the effective date of termination. 
 3.2.3 Notwithstanding anything in this Agreement to the contrary, the Term
shall end automatically upon the Executive’s death, in which event the Employer shall have no further obligation to the Executive’s estate except for payment of any Base Salary due and owing under Section 4.1 on the effective date of
termination and reimbursement under Section 4.5 of expenses incurred as of the effective date of termination. 
 3.3 Change of
Control. If there shall occur a change of control of CNB or the Employer (“Change of Control”), the Executive may be assigned such other duties or responsibilities as would be reasonably equivalent under the circumstances and
acceptable to the Executive in his reasonable discretion. During the first six (6) months following the effective date of a Change of Control but not after, Executive may be “terminated without cause due to a Change of Control.”
Alternatively, if Executive is retained but not given reasonably equivalent duties and responsibilities, he may resign within six (6) months of the effective date of the Change of Control expressly citing this reason in a written resignation.
If Executive has been terminated other than For Cause due to a Change of Control, Executive shall receive, in lieu of any payments pursuant to Section 3.2, and upon execution of a full and final release by Executive, a one (1) time payment
of 1.5 times the annual base compensation currently being provided to Executive pursuant to this Agreement. If the aggregate present value (determined as of the date of the Change of Control in accordance with the provisions of Section 280G of
the Internal Revenue Code of 1986, as amended (the “Code”)) of the severance payment as described in this Section 3.3 and all other payments to the Executive in the nature of compensation which are contingent on a change in ownership
or effective control of the Employer or CNB or in the ownership of a substantial portion of the assets of the Employer or CNB (the “Aggregate Severance”) would result in a “parachute payment,” as defined under Section 280G
of the Code, then the Aggregate Severance shall not be greater than an amount equal to 2.99 multiplied by Executive’s “base amount” for the “base period,” as those terms are defined under Section 280G of the Code. In
the event the Aggregate Severance is required to be reduced pursuant to this Section 3.3, the Executive shall be entitled to determine which portions of the Aggregate Severance are to be reduced so that the Aggregate Severance satisfies the
limit set forth in the preceding sentence. Notwithstanding any provision in this Agreement, if the Executive may exercise his right to terminate employment under this Section 3.3, the Executive may choose which provision shall be applicable.

 3.4 Effect of Termination. Upon termination of the Executive’s employment hereunder for any reason, the Employer shall
have no further obligation to the Executive or the Executive’s estate with respect to this Agreement, except for: (i) the payment of any Base Salary due and owing under Section 4.1 on the effective date of termination of employment;
(ii) reimbursement under Section 4.5 of expenses incurred as of the effective date of termination of employment; (iii) and any payments due and owing to the Executive under Sections 3.2.1(b) or (c), Section 3.2.2, or
Section 3.3, as applicable. 
 4. Compensation. The Executive shall receive the following salary and benefits during the Term, except as
otherwise provided below: 
 4.1 Base Salary. The Executive shall be compensated, effective July 1, 2008, at a base rate of
$89,688.00 per year (the “Base Salary”), which shall be paid in equal bi-weekly installments after an initial per annum increase of $10,000.00 on May 2, 2008. The total base salary increase for the year, effective July 1, 2008,
will be $25,000.00 after an additional annual increase on July 1, 2008 of $15,000.000 The obligation for payment of Base Salary shall be apportioned between the Employer and CNB as they may agree from time to time in their sole discretion. The
Executive’s Base Salary shall be reviewed by the Compensation Committee of the Citizens National Bank’s Board of Directors (the Employer)at least annually, and the Executive shall be entitled to receive annually an increase in such amount,
if any, as may be determined by the sole discretion of the Board of Directors of CNB (the Employer) based on its annual evaluation of the Executive’s performance. 

 4.2 Incentive Compensation. The Executive shall be eligible to receive an annual cash bonus
if, in the sole and exclusive discretion of the Board of Directors, CNB achieves certain performance levels to be established by the Board of Directors from time to time (the “Bonus Plan”). 
 4.3 Dues and memberships. The Employer shall reimburse the Executive for the reasonable dues and expenses incurred in participating in
various Board Approved Civic, Social, or Charitable organizations. 
 4.4 Stock Options. In its sole and exclusive discretion,
the Employer may grant to the Executive options to purchase a number of shares of the Employer’s common stock. If granted, the options will be issued by the Employer pursuant to the Employer’s stock incentive plan and subject to the terms
of a related stock option agreement, including any vesting schedule. 
 4.5 Business Expenses. The Employer specifically agrees
to reimburse the Executive for reasonable and necessary business (including travel) expenses incurred by him in the performance of his duties hereunder, as approved by the Board of Directors of either CNB or the Employer, provided, however, that the
Executive shall, as a condition of reimbursement, submit verification of the nature and amount of such expenses in accordance with reimbursement policies from time to time adopted by the Employer and in sufficient detail to comply with rules and
regulations promulgated by the Internal Revenue Service. 
 4.6 Vacation. In accordance with the Employer’s policies, the
Executive shall be entitled to four (4) weeks of vacation in each successive twelve (12) month period during the Term, during which his compensation shall be paid in full. The Executive may not take vacation in more than two (2) week
increments at any time unless prior approval by the CNB Board of Directors. 
 4.7 Benefits. In addition to the benefits
specifically described in this Agreement, the Executive shall be entitled to such benefits as may be available from time to time to executives of the Employer similarly situated to the Executive. All such benefits shall be awarded and administered
in accordance with the Employer’s standard policies and practices. Such benefits may include, by way of example only, profit-sharing plans, retirement or investment funds, dental, health, life and disability insurance benefits and such other
benefits as the Employer deems appropriate. 
 4.8 Withholding. The Employer may deduct from each payment of compensation
hereunder all amounts required to be deducted and withheld in accordance with applicable federal and state income tax, FICA and other withholding requirements. 
 5. Employer Information. 
 5.1 Ownership of Employer Information. All Employer Information received or
developed by the Executive while employed by the Employer will remain the sole and exclusive property of the Employer. 
 5.2
Obligations of the Executive. The Executive agrees: 
 (a) to hold Employer Information in strictest confidence; 
 (b) not to use, duplicate, reproduce, distribute, disclose or otherwise disseminate Employer Information or any physical embodiments of Employer
Information; and 
 (c) in any event, not to take any action causing or fail to take any action necessary in order to prevent any Employer
Information from losing its character or ceasing to qualify as Confidential Information or a Trade Secret. 
 In the event that the Executive
is required by law to disclose any Employer Information, the Executive will not make such disclosure unless (and then only to the extent that) the Executive has been advised by independent legal counsel that such disclosure is required by law and
then only after prior written notice is given to the Employer when the Executive becomes aware that such disclosure has been requested and is required by law. With respect to Confidential Information, this Section 5 shall survive for a period
of twelve (12) months following termination of this Agreement for any reason. With respect to Trade Secrets, this Section 5 shall survive termination of this Agreement for any reason for so long as is permitted by applicable law, but at
least for a period of twelve (12) months following termination of this Agreement for any reason. 
 5.3 Delivery upon Request or
Termination. Upon request by the Employer, and in any event upon termination of his employment with the Employer, the Executive will promptly deliver to the Employer all property belonging to the Employer, including, without limitation, all
Employer Information then in his possession or control. 
 6. Non-Competition. The Executive agrees that during his employment by the Employer
hereunder and, in the event of his termination: 
  

	 	•	 	 by the Employer for Cause pursuant to Section 3.2.1(a), 

  

	 	•	 	 by the Employer without Cause pursuant to Section 3.2.1(b); 

  

	 	•	 	 by the Employer pursuant to Section 3.2.1(d); or 

  

	 	•	 	 by the Employer or the Executive in connection with a Change of Control pursuant to Section 3.3, 

 for a period of six (6) months from the date of termination of this Agreement for any reason, he will not within the Area, directly or indirectly, engage in or
provide services substantially similar to those services Executive provided for either the Employer or CNB on behalf of himself or behalf of any other credit union, bank or other financial institution engaging in the Business of the Employer.

 7. Non-Solicitation of Customers. The Executive agrees that during his employment by the Employer hereunder and, in the event of his
termination: 
  

	 	•	 	 by the Employer for Cause pursuant to Section 3.2.1(a), 

  

	 	•	 	 by the Employer without Cause pursuant to Section 3.2.1(b); 

  

	 	•	 	 by the Employer pursuant to Section 3.2.1(d); or 

  

	 	•	 	 by the Employer or the Executive in connection with a Change of Control pursuant to Section 3.3, 

 for a period of one (1) year from the date of termination of this Agreement for any reason, he will not, on his own behalf or in the service of or on behalf of
others, solicit, divert or appropriate or attempt to solicit, divert or appropriate, any business from any of the Employer’s 

 
or CNB’s customers, including prospective customers actively sought by the Employer or CNB, with whom the Executive has or had material contact during
the last one (1) year of his employment, for purposes of providing products or services that are competitive with those provided by the Employer or CNB. 
 8. Non-Solicitation of Employees. The Executive agrees that during his employment by the Employer hereunder and, in the event of his termination: 
  

	 	•	 	 by the Employer for Cause pursuant to Section 3.2.1(a), 

  

	 	•	 	 by the Employer without Cause pursuant to Section 3.2.1(b); 

  

	 	•	 	 by the Employer pursuant to Section 3.2.1(d); or 

  

	 	•	 	 by the Employer or the Executive in connection with a Change of Control pursuant to Section 3.3, 

 for a period of one (1) year from the date of termination of this Agreement for any reason, he will not, on his own behalf or in the service of or on behalf of
others, solicit, recruit or hire away or attempt to solicit, recruit or hire away, any employee of the Employer or its Affiliates to another person or entity providing products or services that are competitive with the Business of the Employer,
regardless if such employee is a full-time, part-time or temporary employee of the Employer or its Affiliates, such employment is pursuant to written agreement, for a determined period or is at will. 
 9. Remedies. The Executive agrees that the covenants contained in Sections 5 to 8 of this Agreement are of the essence of this Agreement; that each of the
covenants is reasonable and necessary to protect the business, interests and properties of the Employer, and that irreparable loss and damage will be suffered by the Employer should he breach any of the covenants. Therefore, the Executive agrees and
consents that, in addition to all the remedies provided by law or in equity, the Employer shall be entitled to a temporary restraining order and temporary and permanent injunctions to prevent a breach or contemplated breach of any of the covenants.
The Employer and the Executive agree that all remedies available to the Employer or the Executive, as applicable, shall be cumulative. 
 10.
Severability. The parties agree that each of the provisions included in this Agreement is separate, distinct and severable from the other provisions of this Agreement and that the invalidity or unenforceability of any Agreement provision
shall not affect the validity or enforceability of any other provision of this Agreement. Further, if any provision of this Agreement is ruled invalid or unenforceable by a court of competent jurisdiction because of a conflict between the provision
and any applicable law or public policy, the provision shall be redrawn to make the provision consistent with and valid and enforceable under the law or public policy. 
 11. No Set-Off by the Executive. The existence of any claim, demand, action or cause of action by the Executive against the Employer, or any Affiliate of the Employer, whether predicated upon this
Agreement or otherwise, shall not constitute a defense to the enforcement by the Employer of any of its rights hereunder. 
 12. Notice. All
notices and other communications required or permitted under this Agreement shall be in writing and shall be delivered by hand or, if mailed, shall be sent via the United States Postal Service, certified mail, return receipt requested, or by
overnight courier. All notices hereunder may be delivered by hand or overnight courier, in which event the notice shall be deemed effective as of five (5) days of mailing. All notices and other communications under this Agreement shall be given
to the parties hereto at the following addresses: 
  

	 	(i)	If to the Employer, to it at: 

 Citizens National
Bank. 
 11407 Windsor Boulevard 
 P.O. Box 100 
 Windsor, VA 23487 
 Attention: Chairman, CNB Board of Directors 
  

	 	(ii)	If to the Executive, to him at: 

 Jeffery H. Noblin

 2907 Evergreen Court 
 Chesapeake, Virginia 23321 
 Any party hereto may change his or its address by advising the others, in writing, of such change of
address. 
 13. Binding Effect and Assignment. This Agreement will be binding and inure to the benefit of each of the parties and their
successors. Employer may assign this Agreement, subject to the provisions of this Section 13, and such assignee shall then acquire all the rights and obligations of Employer hereunder. 
 14. Waiver. A waiver by one party to this Agreement of any breach of this Agreement by the other party to this Agreement shall not be effective unless in
writing, and no waiver shall operate or be construed as a waiver of the same or another breach on a subsequent occasion. 
 15. Arbitration.
Except for injunctive relief sought to enforce an ongoing violation resulting in irreparable harm, any civil controversy or claim arising out of or relating to this contract, or the breach thereof, shall be settled by mediation and/or arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration Association. If arbitration is used, the arbitrator shall not have the authority to modify this Agreement or to award punitive damages. The arbitration shall occur at a
mutually convenient location or if none can be agreed upon, in the City of Norfolk, Virginia. Judgment upon the award rendered by the arbitrator may be entered only in the Isle of Wight Circuit Court or the United States District Court for the
Eastern District of Virginia. The Employer agrees to pay all fees and expenses associated with the arbitration proceedings. 
  

 Executive must initial here:             

 16. Attorneys’ Fees. In the event that the parties have complied with this Agreement with respect to arbitration of disputes and
litigation ensues between the parties concerning the enforcement of an arbitration award, the party prevailing in such litigation shall be entitled to receive from the other party all reasonable costs and expenses as permissible by law, including
without limitation attorneys’ fees, incurred by the prevailing party in connection with such litigation, and the other party shall pay such costs and expenses to the prevailing party promptly upon demand by the prevailing party. 

 17. Applicable Law. This Agreement shall be construed and enforced under and in accordance with the laws of the Commonwealth of
Virginia. 
 18. Interpretation. Words importing any gender include all genders. Words importing the singular form shall include the plural and
vice versa. The terms “herein,” “hereunder,” “hereby,” “hereto,” “hereof” and any similar terms refer to this Agreement. Any captions, titles or headings preceding the text of any article, section or
subsection herein are solely for convenience of reference and shall not constitute part of this Agreement or affect its meaning, construction or effect. 
 19. Entire Agreement. This Agreement embodies the entire and final agreement of the parties on the subject matter stated in this Agreement. No amendment or modification of this Agreement shall be valid or binding upon the
Employer or the Executive unless made in writing and signed by both parties. All prior understandings and agreements relating to the subject matter of this Agreement are hereby expressly terminated. 
 20. Rights of Third Parties. Nothing herein expressed is intended to or shall be construed to confer upon or give to any person, firm or other entity,
other than the parties hereto and their permitted assigns, any rights or remedies under or by reason of this Agreement. 
 21. Survival. The
obligations of the Executive pursuant to Sections 5, 6, 7, 8 and 9 shall survive the termination of the employment of the Executive hereunder for the period designated under each of those respective Sections. 
 22. Joint and Several. The obligations of CNB and the Employer to Executive hereunder shall be joint and several. 
 23. Counterparts. This Agreement may be executed in counterparts, together which shall constitute one and the same instrument. 
 IN WITNESS WHEREOF, the Employer and the Executive have executed and delivered this Agreement as of the date first shown above. 
  

			
	 THE EMPLOYER:

	
	CITIZENS NATIONAL BANK
		
	 By:
	 	  

			
	 Print Name:
	 	  

			
	 Title:
	 	  

	
	 THE EXECUTIVE:

	
	  

	 Jeffery H. Noblin

 Exhibit A 
 Duties of the President 
 The duties of the Executive shall include, in addition to any other duties assigned the
Executive by the Board of Directors of CNB or the Employer or their respective designee(s), the following: 
  

			
	Status:	  	Exempt
	Reports to:	  	Chief Executive Officer

 Basic Function: The President is responsible to the Chief Executive Officer for management of all aspects of
Citizens National Bank to ensure optimum profits within the best interests of the shareholders, customers, employees, and the community, and consistent also with the safety and soundness of the Bank, and compliance with all applicable Laws and
Regulations. 
 Duties and Responsibilities: In addition to other duties which may be undertaken by the President, he will: 
 Participate in the development of the Strategic Plan, along with the CEO, the Board, and the Senior Officers of the Bank. Further, he will ensure that the plan is being
followed by all personnel. 
 Supervise, or ensure proper supervision by others, of all Personnel, to include development of job descriptions, conducting
periodic performance appraisals, and salary reviews when appropriate. With assistance as needed, he is responsible for all aspects of the human resources function of the Bank. 
 Be responsible for the implementation and control of long term and short term goals and objectives, as adopted by the Board. 
 In conjunction with the CEO, develop and maintain organizational structure, hire competent personnel, and plan for management succession, subject to approval of the Board. 
 Closely monitor all Bank activities, through the Vice Presidents, and direct corrective actions when needed. 
 Maintain
relationships with customers, prospects, peers within the Banking community, employees, regulators, and the Board of Directors. 
 Be responsible for
implementation of the overall marketing plan of the Bank. 
 Along with the CEO, act as the Bank’s principal representative with the press, other
businesses, community and industry associations, and government agencies. Represent the Bank at various Civic, Social, Charitable, and Community Activities 
 Call on important current and/or potential customers. 
 Serve as Loan Officer to some of the Bank’s most important Business Customers.

 Assume responsibility for any other duties as needed to further the goals and objectives of the Bank.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00142-of-00352.parquet"}]]