Document:

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                                                                   EXHIBIT 10(b)

                              BANKNORTH GROUP, INC.

                              AMENDED AND RESTATED
                               SEVERANCE AGREEMENT

                               [NAME OF EXECUTIVE]

         This Amended and Restated Severance Agreement (this "Agreement") is
made and entered into as of the 1st day of January, 2003, by and between
Banknorth Group, Inc. (the "Company") and _____________ (the "Executive");

                              W I T N E S S E T H:

         WHEREAS, the Company and the Executive are parties to a certain
Severance Agreement dated January 1, 2000 (as amended, the "Prior Agreement");
and

         WHEREAS, the Company and the Executive wish to amend and restate the
Prior Agreement in its entirety as hereinafter set forth;

         NOW, THEREFORE, in consideration of the foregoing, the mutual covenants
and agreements herein contained, and other good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, the Company and the
Executive hereby agree, and amend and restate the Prior Agreement in its
entirety, as follows:

1.       Definitions

         (a)      Accrued Benefits means:

                  (i)      All salary earned or accrued through the date the
         Executive's employment is terminated;

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                  (ii)     reimbursement for any and all monies advanced in
         connection with the Executive's employment for reasonable and necessary
         expenses incurred by the Executive through the date the Executive's
         employment is terminated;

                  (iii)    any and all other compensation previously earned by
         the Executive and deferred under or pursuant to any deferred
         compensation plan or plans of the Company then in effect together with
         any interest or deemed earnings thereon;

                  (iv)     any bonus earned by the Executive for a Year or other
         performance period ending prior to the Year or other performance period
         in which employment terminates, but not yet paid to the Executive,
         under any bonus or incentive compensation plan or plans in which the
         Executive is a participant;

                  (v)      to the extent not previously paid to the Executive
         for the Year in which employment terminates, a pro rata portion of the
         maximum Annual Bonus payable to the Executive for the Year in which
         employment terminates under any bonus or incentive compensation plan or
         plans of the Company in which the Executive is a participant,
         determined as if the Executive had remained in employment for the full
         Year and prorated based upon weeks, including partial weeks, of
         employment during that Year;

                  (vi)     to the extent not previously paid to the Executive
         for the "Performance Period" (as defined in the EIP) in which
         employment terminates, a pro rata Long-Term Incentive Award in an
         amount determined as described in Section 5 of the EIP;

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                  (vii)    to the extent not previously paid or provided to the
         Executive, all other payments and benefits to which the Executive may
         be entitled under the terms of any applicable compensation or benefit
         plan, program or arrangement of the Company.

         (b)      Act means the Securities Exchange Act of 1934, as amended.

         (c)      Affiliate of any specified person means any other person that,
directly or indirectly, through one or more intermediaries, controls, or is
controlled by, or is under direct or indirect common control with such specified
person. For the purposes of this definition, "control" means the possession,
direct or indirect, of the power to direct or cause the direction of the
management and policies of a person, whether through the ownership of voting
securities, by contract or otherwise, and the terms "controlling" and
"controlled" have meanings correlative to the foregoing.

         (d)      Annual Bonus means any bonus or incentive award under any
bonus or incentive compensation plan, program or arrangement of the Company in
which the Executive is a participant the performance period for which is or was
initially scheduled to be one year or less.

         (e)      Annual Compensation means the sum of:

                  (i)      the Executive's annual base salary at the rate in
         effect on the date of a termination of employment as described in
         Section 3 or in Section 7(d) (or, in the event of a termination for
         "Good Reason" under Section 1(q)(i)(A) below, the annual base salary as
         in effect immediately before the actions giving rise to Good Reason);
         plus

                  (ii)     the greatest of the Annual Bonuses, if any, either
         paid or accrued in either the Year of the Change in Control or the
         immediately preceding Year.

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         (f)      Base Amount means an amount equal to the Executive's
Annualized Includable Compensation for the Base Period as defined in Section
280G(d)(1) and (2) of the Code (as hereinafter defined).

         (g)      Benefit Computation Base means either (i) the Benefit
Computation Base as defined in the Supplemental Retirement Agreement between
Executive and the Company or (ii) if there is no Supplemental Retirement
Agreement between the Executive and the Company, the "Average Annual
Compensation" as defined and used in the Retirement Plan, solely for purposes of
calculating the Executive's benefit under the Banknorth Group, Inc. Supplemental
Retirement Plan as affected by this Agreement.

         (h)      Bonus (whether or not capitalized) means any bonus or
incentive award (including any Annual Bonus or Long-Term Incentive Award) under
any bonus or incentive compensation plan, program or arrangement of the Company
in which the Executive is a participant.

         (i)      Cause means (i) the executive's conviction of, or plea of nolo
contendere to, a felony; or (ii) willful and intentional misconduct, willful
neglect, or gross negligence in the performance of the Executive's duties, which
has caused a demonstrable and serious injury to the Company, monetary or
otherwise.

         The Executive shall be given written notice that the Company intends to
terminate the Executive's employment for Cause. Such written notice shall
specify the particular acts, or failures to act, on the basis of which the
decision to so terminate employment was made.

         In the case of a termination for Cause as described in clause (ii),
above, the Executive shall be given the opportunity within thirty (30) days of
the receipt of such notice to meet with the Board to defend such acts, or
failures to act, prior to termination. The Company may suspend

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the Executive's title and authority pending such meeting, and such suspension
shall not constitute "Good Reason," as defined in subsection (q) below.

         (j)      "Change in Control" of the Company shall mean a Change in
Control of a nature that would be required to be reported in response to Item
6(e) of Schedule 14A of Regulation 14A promulgated under the Act or any
successor thereto, provided that without limiting the foregoing, a Change in
Control of the Company also shall mean the occurrence of any of the following
events:

                  (i)      any "person" (as defined under Section 3(a)(9) of the
Act) or "group" of persons (as provided under Section 13d-3 of the Act) is or
becomes the "beneficial owner" (as defined in Rule 13d-3 or otherwise under the
Act), directly or indirectly (including as provided in Rule 13d-3(d)(1) of the
Act), of capital stock of the Company the holders of which are entitled to vote
for the election of directors ("voting stock") representing that percentage of
the Company's then outstanding voting stock (giving effect to the deemed
ownership of securities by such person or group, as provided in Rule 13d-3(d)(1)
of the Act, but not giving effect to any such deemed ownership of securities by
another person or group) equal to or greater than twenty-five percent (25%) of
all such voting stock;

                  (ii)     during any period of twenty four consecutive months,
individuals who at the beginning of such period constituted the Board of
Directors of the Company (including for this purpose any new director whose
election or nomination for election by the Company's shareholders was approved
by a vote of at least a majority of the directors then still in office who were
directors at the beginning of such period) cease for any reason to constitute at
least a

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majority of the Board of Directors of the Company (excluding any Board seat that
is vacant or otherwise unoccupied).

                  (iii)    there shall be consummated any consolidation, merger,
stock for stock exchange or similar transaction (collectively, "Merger
Transactions") involving securities of the Company in which holders of voting
stock of the Company immediately prior to such consummation own, as a group,
immediately after such consummation, voting stock of the Company (or, if the
Company does not survive the Merger Transaction, voting securities of the
corporation surviving such transaction) having less than 50% of the total voting
power in an election of directors of the Company (or such other surviving
corporation).

         (k)      Code means the Internal Revenue Code of 1986, as amended.

         (l)      Disability means a disability entitling the Executive to
payments under the Company's long-term disability plan applicable to the
Executive.

         (m)      Early Retirement Benefit means the "Early Retirement Benefit"
or "Early Retirement/Termination of Service Benefit" as defined in the SERP
Agreement.

         (n)      Effective Date means the date this Agreement is executed by
the parties.

         (o)      EIP means the Banknorth Group, Inc. Executive Incentive Plan
as amended and in effect from time to time, and any successor plan.

         (p)      Employment Period means a period commencing on the date of a
Change in Control of the Company and ending on the earlier of (i) the last day
of the twenty-fourth month following the month in which the Change in Control
occurs or (ii) the Executive's Normal Retirement Date.

         (q)      Good Reason means:

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                  (i)      any breach of this Agreement by the Company,
including without limitation (A) any reduction during the Employment Period in
the amount of the Executive's base salary or aggregate benefits as in effect
from time to time, (B) failure to provide the Executive with the same fringe
benefits that were provided to the Executive immediately prior to a Change in
Control of the Company, or with a package of fringe benefits (including paid
vacations) that, though one or more of such benefits may vary from those in
effect immediately prior to such a Change in Control, is substantially
comparable in all material respects to such fringe benefits taken as a whole, or
(C) any other breach by the Company of its obligations contained in Section 6
below;

                  (ii)     without the Executive's express written consent, the
assignment to the Executive of any duties which are materially inconsistent with
the Executive's positions, duties, responsibilities and status immediately prior
to the Change in Control of the Company, a material change in the Executive's
reporting responsibilities, titles or offices as an employee as in effect
immediately prior to the Change in Control, or a significant reduction in the
Executive's title, duties or responsibilities, or in the level of the
Executive's support services as in effect immediately prior to the Change in
Control;

                  (iii)    the relocation of the Executive's principal place of
employment, without the Executive's written consent, to a location outside the
same metropolitan area in which the Executive was employed at the time of such
Change in Control, or the imposition of any requirement that the Executive spend
more than ninety (90) business days per year at a location other than such
principal place of employment; or

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                  (iv)     any purported termination of the Executive's
employment for Cause or Disability which is not effected pursuant to a Notice of
Termination satisfying the requirements of paragraph (t) below.

         Upon the occurrence of any of the events described in (i), (ii), (iii),
or (iv) above, the Executive shall give the Company written notice that such
event constitutes Good Reason, and the Company shall thereafter have thirty (30)
days in which to cure. If the Company has not cured in that time, the event
shall constitute Good Reason.

         (r)      Long-Term Incentive Award means an incentive award under the
EIP the performance period for which is or was initially scheduled to be in
excess of one year.

         (s)      Normal Retirement Date means Normal Retirement Date as defined
in the Retirement Plan.

         (t)      Notice of Termination shall mean a notice which shall indicate
the specific termination provision relied upon in this Agreement and shall set
forth in reasonable detail the facts and circumstances claimed to provide a
basis for termination of Executive's employment under the provision so
indicated.

`        (u)      Person or Group means a "person" or "group," as defined in
Section 1(j)(i) hereof.

         (v)      Plan Year with respect to any of the Retirement Plan or the
401(k) Plan, the "plan year" as defined in such plan.

         (w)      Retirement Plan means the Banknorth Group, Inc. Retirement
Plan, as amended and in effect from time to time and any successor plan.

         (x)      SERP Agreement means either (i) the Supplemental Retirement
Agreement between the Executive and the Company or (ii) if there is no
Supplemental Retirement

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Agreement between the Executive and the Company, the Banknorth Group, Inc.
Supplemental Retirement Plan, as amended.

         (y)      Year means a calendar year unless otherwise specifically
provided.

         (z)      401(k) Plan means the Banknorth Group, Inc. 401(k) Plan dated
January 1, 2001, as amended, which plan constitutes a continuation and merger of
the Banknorth Group, Inc. Thrift Incentive Plan and the Banknorth Group, Inc.
Profit Sharing and Employee Stock Ownership Plan.

         2.       Term of Agreement.

         This Agreement shall begin on the Effective Date and shall continue
until the third anniversary of such date, provided that, on the first
anniversary of the Effective Date, and on each succeeding anniversary, the term
shall be renewed for an additional period of one year unless either party has
given written notice that the term is not so renewed, which notice must be
delivered to the other party at least ninety (90) days prior to the date of any
such renewal, and further provided that if a Change in Control of the Company
occurs during such term, the term shall in all events continue through the last
day of the Employment Period. This Agreement is also subject to earlier
termination as provided in Section 3 below. All rights and obligations hereunder
shall survive to the extent necessary to the intended enforcement thereof.

         3.       Termination of Employment Prior to a Change in Control.

                  (a)      The Company and the Executive shall each retain the
right to terminate the employment of the Executive at any time prior to a Change
in Control of the Company. In the event the Executive's employment is terminated
prior to a Change in Control of the Company,

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this Agreement shall, except as provided in subsection (b) below, be terminated
and of no further force and effect, and any and all rights and obligations of
the parties hereunder shall cease.

                  (b)      If the Executive's employment is terminated by the
Company prior to the occurrence of a Change in Control of the Company, and if it
can be shown that the Executive's termination (i) was at the direction or
request of a third party that had taken steps reasonably calculated to effect
the Change in Control of the Company thereafter, or (ii) otherwise occurred in
connection with, or in anticipation of, the Change in Control of the Company,
the Executive shall have the rights described in Section 7(d) below, as if a
Change in Control of the Company had occurred on the date immediately preceding
such termination.

         4.       Employment Following a Change in Control.

         If a Change in Control of the Company occurs when the Executive is
employed by the Company, the Company will continue thereafter to employ the
Executive, and the Executive will remain in the employ of the Company, during
the Employment Period, in accordance with the terms and provisions of this
Agreement.

         5.       Duties.

         During the Employment Period, the Executive shall serve the Company in
such capacities and positions as may be assigned by the Company consistent with
the Executive's capacities and positions immediately prior to the Change in
Control and shall devote the Executive's best efforts and all of the Executive's
business time, attention and skill to the business and affairs of the Company,
as such business and affairs now exist and as they may hereafter be conducted.

         6.       Compensation.

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         During the Employment Period, the Executive shall be compensated by the
Company as follows:

                  (a)      the Executive shall receive, at such intervals and in
accordance with such standard policies as in effect immediately prior to the
Change in Control of the Company, an annual base salary not less than the
Executive's annual base salary as in effect immediately prior to the Change in
Control of the Company, subject to adjustment as hereinafter provided;

                  (b)      the Executive shall be included in all plans
providing incentive compensation to executives, including but not limited to
bonus, deferred compensation, annual or other incentive compensation,
supplemental pension, stock ownership, stock option, stock appreciation, stock
bonus and similar or comparable plans as any such plans are extended by the
Company from time to time to senior corporate officers, key employees and other
employees of comparable status;

                  (c)      the Executive shall be reimbursed, at such intervals
and in accordance with such standard policies as may be in effect on the date of
the Change in Control of the Company, for any and all monies advanced in
connection with the Executive's employment for reasonable and necessary expenses
incurred by the Executive on behalf of the Company, including travel expenses;

                  (d)      the Executive shall be allowed to participate, on the
same basis as applicable to other employees of comparable status and position,
in any and all plans, programs or arrangements covering employee benefits or
perquisites, including but not limited to the following: group medical
insurance, hospitalization benefits, disability benefits, medical benefits,
dental benefits, pension benefits, profit sharing and stock bonus plans;

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                  (e)      the Executive shall receive annually not less than
the amount of paid vacation and not fewer than the number of paid holidays
received annually immediately prior to the Change in Control of the Company or
available annually to other employees of comparable status and position with the
Company.

         During the Employment Period, the Board of Directors of the Company, or
an appropriate committee thereof, will consider and appraise, at least annually,
the contributions of the Executive to the Company's operating efficiency,
growth, production and profits and, in accordance with past practice, due
consideration shall be given to the upward adjustment of the Executive's
compensation rate, at least annually, commensurate with increases generally
given to other senior corporate officers and key employees and as the scope of
the Executive's duties expands.

         7.       Termination of Employment.

         Any termination by the Company or the Executive of the Executive's
employment during the Employment Period shall be communicated by written Notice
of Termination to the Executive if such notice is delivered by the Company, and
to the Company if such notice is delivered by the Executive. The Notice of
Termination shall comply with the requirements of Section 17 below.

                  (a)      Termination for Disability. If during the Employment
Period, the Executive's employment is terminated on account of the Executive's
Disability, the Executive shall receive any Accrued Benefits, and shall remain
eligible for all benefits as provided pursuant to the terms of any long-term
disability programs of the Company in effect at the time of such termination.

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                  (b)      Termination on the Executive's Death. If, during the
Employment Period, the Executive's employment is terminated on account of the
Executive's death, the Executive's estate or designated beneficiary (or
beneficiaries), as applicable, shall receive all the Executive's Accrued
Benefits.

                  (c)      Voluntary Termination or Termination for Cause. If,
during the Employment Period, (i) the Executive shall terminate employment with
the Company other than for Good Reason, or (ii) the Executive's employment is
terminated for Cause, the Executive shall receive from the Company only the
Accrued Benefits.

                  (d)      Termination by the Company Without Cause or by the
Executive for Good Reason. If, during the Employment Period, the Executive's
employment with the Company is terminated by the Company other than for Cause,
or by the Executive for Good Reason, then:

                           (i)      the Executive shall receive from the Company
the Accrued Benefits, which shall be paid within ten (10) days after the date of
termination of the Executive's employment and the date of the Change in Control;
provided that (x) for this purpose, Accrued Benefits shall not include any
entitlement to severance under any Company severance policy generally applicable
to the Company's salaried employees and (y) to the extent that any Annual Bonus
or Long-Term Incentive Award to be paid to the Executive following a Change in
Control pursuant to the EIP is included in Accrued Benefits hereunder and paid
to the Executive, such payment shall be deemed to satisfy the Company's
obligation, if any, to make payment of the same pursuant to the EIP;

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                           (ii)     the Executive shall receive from the
Company, no less than ten (10) days following termination of the Executive's
employment, a lump sum payment (the "Termination Payment") equal to three (3)
times the Annual Compensation;

                           (iii)    for purposes of determining the Executive's
benefit under the SERP Agreement, the Executive shall be credited with 36
additional months of age and of service determined as follows:

                                    (A)      The additional 36 months of age and
service shall be applied for purposes of benefit accrual, vesting, eligibility
for early retirement, subsidized early retirement factors, actuarial equivalence
and any other purposes under the Retirement Plan and the SERP Agreement.

                                    (B)      Any provision under the Retirement
Plan or the SERP Agreement prohibiting the accrual of any additional benefits
after the Executive has been credited with more than a stated number of years of
service shall be disregarded.

                                    (C)      For purposes of determining the
amount of the Executive's benefit under the SERP Agreement, the reduction in
respect of the benefit paid under the Retirement Plan shall be based on the
Executive's actual Retirement Plan benefit (that is, without any additional
deemed service).

                                    (D)      For purposes of determining the
Early Retirement Benefit and other forms of benefit under the SERP Agreement, if
the Executive is less than fifty-five (55) years of age, the Executive shall be
deemed to be at least fifty-five (55) years of age on the date the Executive's
employment with the Company terminates, notwithstanding the Executive's actual
age, if less.

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                                    (E)      The Benefit Computation Base shall
be determined as if it were being calculated at the end of the 36 month period
of service credited to the Executive under this Section 7(d)(iii) and as if
during such 36 additional month period the Executive's annualized compensation
was the same as such compensation for (I) the Year during which the Executive's
employment is terminated, or, (II) any Year before the Change in Control
occurred, whichever is greater.

                                    (F)      Any amendment to the Retirement
Plan within the twelve (12) month period prior to the termination of the
Executive's employment shall be disregarded to the extent that the application
of such amendment would decrease the total amount of the benefits provided for
in this Section 7(d)(iii).

                                    (G)      The Executive shall be entitled to
a lump sum distribution of SERP Agreement benefits in all events, and the
Company shall not be entitled to require payment over a longer period. If the
Executive elects a lump sum payment (i) the actuarial equivalent benefit shall
be determined in accordance with the provisions of the Retirement Plan as in
effect immediately prior to the Change in Control, or as in effect on
termination of the Executive's employment, whichever creates the greater
benefit, and (ii) payment shall be made within thirty (30) days following the
later of (A) termination of the Executive's employment, or (B) the date the
Executive gives written notice of the Executive's intent to elect a lump sum.

                           (iv)     the Executive shall be paid a lump sum
amount equal to (A) the sum of (I) the total aggregate value of all
contributions, other than elective contributions by the Executive and employer
matching contributions relating thereto, and forfeitures allocated to the
Executive's account under the 401(k) Plan for the Plan Year ending immediately
prior to the

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Change of Control, or, if different, the Plan Year ending immediately prior to
the termination of the Executive's employment, whichever Plan Year would produce
the greater aggregate value, and (II) (A) the matching contributions under the
401(k) Plan (or its successor) which would have been credited under such plan on
Executive's behalf, if the Executive had contributed the maximum salary deferral
contribution allowable under Section 402(g) of the Code, for the calendar year
in which the Executive's employment with the Company was terminated, multiplied
by (B) three (3).

                           (v)      all rights under any equity or long-term
incentive plan shall be fully vested to the extent not otherwise provided by the
terms of any such plan;

                           (vi)     the Executive shall continue to be covered
at the expense of the Company by the same or equivalent hospital, medical,
dental, accident, disability and life insurance coverage as in effect for the
Executive immediately prior to termination of the Executive's employment, until
the earlier of (I) 36 months following termination of employment, or (II) the
date the Executive has commenced new employment and has thereby become eligible
for comparable benefits; provided that, with respect to any of the coverages
described above, if such coverage is provided through an insurance policy with
an insurance company unaffiliated with the Company (before or after the Change
in Control), and if under the terms of the applicable policy, it is not possible
to provide continued coverage (or if continued coverage under such policy would
increase the Company's cost allocable to the Executive by more than 100%), then
the Company shall pay the Executive a lump sum cash amount, no later than thirty
(30) days following termination of employment an amount equal to twice the
aggregate allocable

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cost of such coverage as applicable immediately prior to termination of
employment, such payment to be made without any discount for present value.

         8.       Certain Supplemental Payments by the Company.

                  (a)      In the event the Executive's employment is terminated
pursuant to Section 3(b) or 7(d) above, and if in connection therewith it is
determined that (i) part or all of the compensation and benefits to be paid to
the Executive constitute "parachute payments" under Section 280G of the Code,
and (ii) the payment thereof will cause the Executive to incur excise tax under
Section 4999 of the Code, the Company, on or before the date for payment of such
excise tax, shall pay the Executive, in lump sum, an amount (the "Gross-Up
Amount") such that, after payment of all federal, state and local income tax and
any additional excise tax under Section 4999 of the Code in respect of the
Gross-Up Amount payment, the Executive will be fully reimbursed for the amount
of such excise tax.

                  (b)      The determination of the Parachute Amount, the Base
Amount and the Gross-Up Amount, as well as any other calculations necessary to
implement this Section 8 shall be made by a nationally recognized accounting or
benefits consulting firm selected by the Executive and reasonably satisfactory
to the Company. The Consultant's fee shall be paid by the Company.

                  (c)      As promptly as practicable following such
determination and the elections hereunder, the Company shall pay to or
distribute to or for the benefit of the Executive such amounts as are then due
to the Executive under this Agreement and shall promptly pay to or distribute
for the benefit of the Executive in the future such amounts as become due to the
Executive under this Agreement.

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                  (d)      As a result of the uncertainty in the application of
Section 280G of the Code at the time of an initial determination hereunder, it
is possible that payments will not have been made by the Company which should
have been made under clause (a) of this Section 8 ("Underpayment"). In the event
that there is a final determination by the Internal Revenue Service, or a final
determination by a court of competent jurisdiction, that an Underpayment has
been made and the Executive thereafter is required to make any payment of an
excise tax, income tax, any interest or penalty, the accounting or benefits
consulting firm selected under clause (b) above shall determine the amount of
the Underpayment that has occurred and any such Underpayment shall be promptly
paid by the Company to or for the benefit of the Executive. If and to the extent
that the Executive receives any tax refund from the Internal Revenue Service
that is attributable to payments by the Company pursuant to this Section 8 of
amounts in excess of the actual Gross-Up Amount as finally determined by the
Internal Revenue Service or a court of competent jurisdiction ("Overpayment"),
the Executive shall promptly pay to the Company the amount of such refund that
is attributable to the Overpayment (together with any interest paid or credited
thereon after taxes applicable thereto); provided, however, the Executive shall
not have any obligation to pay the Company any amount pursuant to this Section
8(d) if and to the extent that any such obligation would cause the arrangement
to be treated as a loan or extension of credit prohibited by applicable law.

         9.       Further Obligations of the Executive.

         (a)      Confidentiality. During and following the Executive's
employment by the Company, the Executive shall hold in confidence and not
directly or indirectly disclose or use or copy or make lists of any confidential
information or proprietary data of the Company, except to

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the extent authorized in writing by the Board of Directors of the Company or
required by any court or administrative agency, other than to an employee of the
Company or a person to whom disclosure is reasonably necessary or appropriate in
connection with the performance by the Executive of duties as an executive of
the Company. Confidential information shall not include any information known
generally to the public or any information of a type not otherwise considered
confidential by persons engaged in the same business or a business similar to
that of the Company. All records, files, documents and materials or copies
thereof relating to the Company's business which the Executive shall prepare, or
use, or come into contact with, shall be and remain the sole property of the
Company and shall be promptly returned to the Company upon termination of
employment with the Company.

                  (b)      Non-Solicitation. For the period from the Effective
Date until the second anniversary of the termination of the Executive's
employment, the Executive will not, directly or indirectly, contact, approach or
solicit for the purpose of offering employment to or hiring (whether as an
employee, consultant, agent, independent contractor or otherwise) any officer of
the Company, or an Affiliate of the Company , other than on behalf of the
Company or an Affiliate of the Company, without the prior written consent of the
Company.

         10.      Equitable Relief.

         Executive acknowledges and agrees that in the event of a breach by
Executive of any of the provisions of Section 9 hereof, the Company shall suffer
irreperable harm for which monetary damages alone will constitute an
insufficient remedy. Consequently, in the event of any such breach, the Company
may, in addition to other rights and remedies existing in its favor, apply to
any court of law or equity of competent jurisdiction for specific performance
and/or

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injunctive or other relief in order to enforce or prevent any violations of the
provisions hereof, in each case without the requirement of posting a bond or
proving actual damages.

         11.      Expenses and Interest.

         If, after a Change in Control of the Company, a good faith dispute
arises with respect to the enforcement of the Executive's rights under this
Agreement, or if any legal or arbitration proceeding shall be brought in good
faith to enforce or interpret any provision contained herein, or to recover
damages for breach hereof, the Executive shall recover from the Company any
reasonable attorney's fees and necessary costs and disbursements incurred as a
result of such dispute, and prejudgment interest on any money judgment or
arbitration award obtained by the Executive calculated at the rate of interest
announced by Peoples Heritage Bank, or any successor thereto, from time to time
as its prime rate from the date that payments to the Executive should have been
made under this Agreement.

         12.      Payment Obligations Absolute. The Company's obligation during
and after the Employment Period to pay the Executive the compensation and to
make the arrangements provided herein shall be absolute and unconditional and
shall not be affected by any circumstances, including, without limitation, any
setoff, counterclaim, recoupment, defense or other right which the Company may
have against the Executive or anyone else. All amounts payable by the Company
hereunder shall be paid without notice or demand. Each and every payment made
hereunder by the Company shall be final and the Company will not seek to recover
all or any part of such payment from the Executive or from whomsoever may be
entitled thereto, for any reason whatever except as provided in Section 8(d)
above.

         13.      Successors.

                                       20
<PAGE>

                  (a)      The Company will require any successor or assign
(whether direct or indirect, by purchase, merger, consolidation or otherwise) to
all or substantially all of the business and/or assets of the Company, by
agreement in form and substance satisfactory to the Executive, expressly,
absolutely and unconditionally to assume and agree to perform this Agreement in
the same manner and to the same extent that the Company would be required to
perform it if no such succession or assignment had taken place. Any failure of
the Company to obtain such agreement prior to the effectiveness of any such
succession or assignment shall be a material breach of this Agreement and shall
entitle the Executive to terminate the Executive's employment for Good Reason.
As used in this Agreement, "Company" shall mean the Company as hereinbefore
defined and any successor or assign to its business and/or assets as aforesaid
which executes and delivers the agreement provided for in this Section 13(a) or
which otherwise becomes bound by all the terms and provisions of this Agreement
by operation of law.

                  (b)      This Agreement and all rights of the Executive shall
inure to the benefit of and be enforceable by the Executive's personal or legal
representatives, estates, executors, administrators, heirs and beneficiaries.
All amounts payable to the Executive hereunder shall be paid, in the event of
the Executive's death, to the Executive's estate, heirs and representatives.
Except as provided in this Section 13, no party may assign this Agreement or any
rights, interests, or obligations hereunder without the prior written approval
of the other party. Subject to the preceding sentence, this Agreement shall be
binding upon and shall inure to the benefit of the parties hereto and their
respective successors and permitted assigns. This Agreement shall not be
terminated by the voluntary or involuntary dissolution of the Company.

                                       21
<PAGE>

         14.      Enforcement. The provisions of this Agreement shall be
regarded as divisible, and if any such provisions or any part hereof are
declared invalid or unenforceable by a court of competent jurisdiction, the
validity and enforceability of the remainder of such provisions or parts hereof
and the applicability thereof shall not be affected thereby.

         15.      Amendment. This Agreement may not be amended or modified at
any time except by a written instrument executed by the Company and the
Executive.

         16.      Withholding. The Company shall be entitled to withhold from
amounts to be paid to the Executive hereunder any federal, state or local
withholding or other taxes, or charge which it is from time to time required to
withhold. The Company shall be entitled to rely on an opinion of counsel if any
question as to the amount or requirement of any such withholding shall arise.

         17.      Governing law

         This Agreement and the rights and obligations hereunder shall be
governed by and construed in accordance with the laws of the State of Maine.

         18.      Arbitration.

         Any dispute arising out of this Agreement shall be determined by
arbitration in the State of Maine under the rules of the American Arbitration
Association then in effect and judgment upon any award pursuant to such
arbitration may be enforced in any court having jurisdiction thereof.

                                       22
<PAGE>

         19.      Notice.

         Notices given pursuant to this Agreement shall be in writing and shall
be deemed given when received and, if mailed, shall be mailed by United States
registered or certified mail, return receipt requested, addressee only postage
prepaid, to the Company at:

                    Banknorth Group, Inc.
                    P.O. Box 9540
                    Two Portland Square
                    Portland, ME 04112
                    Attn:  Clerk

or if to the Executive, at the address contained in the records of the Company,
or to such other address as the party to be notified shall have given to the
other.

         20.      No Waiver.

         No waiver by any party at any time of any breach by another party of,
or compliance with, any condition or provision of this Agreement to be performed
by another party shall be deemed a waiver of similar or dissimilar provisions or
conditions at any time.

         21.      Headings. The headings herein contained are for reference only
and shall not affect the meaning or interpretation of any provision of this
Agreement.

         22.      Entire Agreement. This Agreement constitutes the entire
agreement among the parties hereto with respect to the subject matter hereof and
supercedes any prior severance agreements between the Executive and the Company.

                                       23
<PAGE>

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

       THE COMPANY                BANKNORTH GROUP, INC.

                                  By:
-------------------------            ------------------------------------
Witness                           William J. Ryan
                                  Chairman, President and CEO

--------------------------        ---------------------------------------
Witness                           [NAME OF EXECUTIVE]

                                       24<PAGE>

                                                                   EXHIBIT 10(c)

                              AMENDED AND RESTATED
                             SUPPLEMENTAL RETIREMENT
                                    AGREEMENT

         THIS AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT (this
"Agreement") is made and entered into as of this 1st day of January 2002 by and
between Banknorth Group, Inc. (formerly known as Peoples Heritage Financial
Group, Inc.), its subsidiaries and affiliates (collectively, the "Corporation"),
and William J. Ryan (the "Executive").

                                   WITNESSETH:

         WHEREAS, the Corporation and the Executive are parties to a certain
Supplemental Retirement Agreement dated as of January 1, 1996, as amended by a
First Amendment to Supplemental Retirement Agreement dated March 27, 2001 (as so
amended, the "Prior Agreement");

         WHEREAS, the Corporation and the Executive wish to amend and restate
the Prior Agreement in its entirety as hereinafter set forth;

         NOW, THEREFORE, in consideration of the foregoing, the mutual covenants
and agreements herein contained, and other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the Corporation and the
Executive hereby agree, and amend and restate the Prior Agreement in its
entirety, as follows:
                                   ARTICLE ONE

SECTION 1. EMPLOYMENT. This Agreement is not an agreement of employment and
nothing herein shall be deemed to confer on the Executive any right to continued
employment with the Corporation or limit in any way the right of the Corporation
to terminate such employment. The

<PAGE>

benefits provided under this Agreement are not part of any salary reduction plan
or an arrangement deferring a bonus or a salary increase.

                                   ARTICLE TWO

SECTION 2.1. NORMAL RETIREMENT BENEFITS. If the Executive continues in
employment with the Corporation until his sixty-fifth (65th) birthday (the
"Normal Retirement Date"), he shall be entitled to a retirement benefit (the
"Normal Retirement Benefit") commencing on the first day of the month next
following his actual retirement (the "Commencement Date") and continuing for
fifteen (15) years certain (the "Payment Period"), payable monthly in the annual
amount of sixty-five percent (65%) of his Benefit Computation Base (defined in
Section 2.2), multiplied by a fraction, not to exceed one (1), the numerator of
which is the actual number of months of the Executive's employment with the
Corporation (including partial months for month of hire and month of
termination) plus sixty-six (66) and the denominator of which is three hundred
(300) months, and reduced by:

         (1) fifty percent (50%) of the Executive's Primary Social Security
         retirement benefit estimated as of the Normal Retirement Date based on
         the Social Security retirement benefit formula assuming level future
         earnings based on his Benefit Computation Base in effect on the date of
         termination of the Executive's employment with the Corporation;

         (2) the annual amount of benefits payable to the Executive, stated as a
         life annuity commencing at the Normal Retirement Date, from the
         tax-qualified defined benefit pension plan maintained by the
         Corporation (such plan, as it may hereafter be amended, restated,
         otherwise modified or replaced, is hereinafter referred to as the
         "Pension Plan");

         (3) the annual amount of benefits payable to the Executive, stated as a
         life annuity commencing at the Normal Retirement Date, which is the
         actuarial equivalent

                                       2
<PAGE>

         (determined as described below) at the date of determination of the
         Normal Retirement Benefit, of that portion of the Executive's account
         balances attributable to contributions by the Corporation to any and
         all qualified defined contribution plans maintained by the Corporation;
         and

         (4) the annual amount of benefits payable to the Executive, stated as a
         life annuity commencing at the Normal Retirement Date, attributable to
         contributions by the Corporation (but not any amounts attributable to
         deferrals or contributions by the Executive) from any other qualified
         or non-qualified retirement plan or agreement maintained or entered
         into by the Corporation.

Whenever an "actuarial equivalent" is required to be determined under this
Agreement, such actuarial equivalent shall be determined in the manner provided
for determining actuarial equivalents under the Pension Plan; provided however
that such manner of determination shall be no less favorable to the Executive
than that prescribed for determining actuarial equivalents under the Pension
Plan as in effect on the date of this Agreement.

SECTION 2.2 BENEFIT COMPUTATION BASE. The Executive's Benefit Computation Base
for purposes of Section 2.1 shall be the average of the Executive's compensation
from the Corporation for the five (5) consecutive calendar years during the ten
(10) years preceding the Executive's termination of employment with the
Corporation in which such compensation is the highest (excluding all years of
the Executive's employment by the Corporation after the year in which the Normal
Retirement Date occurs). For the purposes of this Agreement, compensation shall
mean the amount actually paid or made available to the Executive during a
calendar year as remuneration of a kind or nature reported by the Corporation on
the Executive's W-2. Compensation shall also include annual bonuses, any
contributions made on behalf of the

                                       3
<PAGE>

Executive by the Corporation pursuant to a salary reduction agreement under
Internal Revenue Code Sections 125, 129 and/or 401(k), and any and all other
amounts that would have been reportable by the Corporation on the Executive's
W-2 but for deferral of payment of such amounts under any agreement or plan or
program (other than the Pension Plan), including any voluntary deferrals and any
deferrals required or mandated by the terms of any agreement or plan or program
of the Corporation or action of its Board of Directors. Compensation shall not
include any amounts available to the Executive pursuant to any Stock Option,
Stock Appreciation Right, or Senior Management Long Term Incentive Plans of the
Corporation.

SECTION 2.3 ACCRUED BENEFIT. The term "Accrued Benefit" shall mean the Normal
Retirement Benefit (before applying the offsets in clauses (1), (2), (3), and
(4) of Section 2.1 above) to which the Executive would be entitled under Section
2.1 commencing at the Normal Retirement Date assuming continuation of the
Executive's employment with the Corporation until the Normal Retirement Date
based on the Benefit Computation Base on the date the Accrued Benefit is
determined, multiplied by a fraction not to exceed one (1), the numerator of
which is the actual number of months of the Executive's employment with the
Corporation (including partial months for month of hire and month of
termination) plus sixty-six (66) and the denominator of which is three hundred
(300) months, and reduced by:

         (1) fifty percent (50%) of the Executive's Primary Social Security
         retirement benefit estimated as of the Normal Retirement Date based on
         the Social Security retirement benefit formulas assuming level future
         earnings based on his Benefit Computation Base in effect on the date of
         termination of the Executive;

         (2) the annual amount of benefits payable to the Executive, stated as a
         life annuity commencing at the Normal Retirement Date, from the Pension
         Plan;

                                       4
<PAGE>

         (3) the annual amount of benefits payable to the Executive, stated as a
         life annuity commencing at the Normal Retirement Date, which is the
         actuarial equivalent, at the date of determination of the Accrued
         Benefit, of that portion of the Executive's account balances
         attributable to contributions by the Corporation to any and all
         qualified defined contribution plans maintained by the Corporation; and

         (4) the annual amount of benefits payable to the Executive, stated as a
         life annuity commencing at the Normal Retirement Date, attributable to
         contributions by the Corporation (but not any amounts attributable to
         deferrals or contributions by the Executive) from any other qualified
         or non-qualified retirement plan or agreement maintained or entered
         into by the Corporation.

SECTION 2.4 OPTIONAL FORMS OF PAYMENT. In lieu of the fifteen-year certain
payments described in Section 2.1 above (payments made over a fifteen-year
period as described in Section 2.1 above are hereinafter referred to as payments
made in the "Normal Form"), or whenever an Accrued Benefit is payable under this
Agreement, the Executive may elect, at any time prior to the calendar year in
which payments are to begin, an optional form of payment which shall be the
actuarial equivalent of payments that would otherwise be made in the Normal
Form, and which shall be (x) any optional form which is made available to the
Executive under the terms of the Pension Plan or (y) a single lump sum payment.

SECTION 2.5 VESTING. The Executive, having completed more than five (5) years of
employment with the Corporation, has a vested interest in the Accrued Benefit
payable under this Agreement.

                                       5
<PAGE>

                                  ARTICLE THREE

SECTION 3.1 BENEFICIARY. In the event of the death of the Executive, any
payments to be made hereunder after the date of his death ("Remaining Payments")
shall be made to the Executive's Beneficiary, as defined below, and in such case
all references to "Executive" herein shall, where applicable, apply to the
Beneficiary. The Executive may name one or more beneficiaries (each, a
"Beneficiary") in writing to the Corporation. If no Beneficiary is so named or
if no named Beneficiary is living at the time a payment is due, that payment and
all subsequent payments shall be made, when otherwise due, to the Executive's
estate, which shall be the "Beneficiary" for purposes of this Agreement.

                                  ARTICLE FOUR

SECTION 4.1 DISABILITY PRIOR TO RETIREMENT. No disability benefits will be paid
under this Agreement. If the Executive's employment is terminated or suspended
by reason of mental or physical disability, disability benefits may be paid to
the Executive pursuant to insurance provided by the Corporation pursuant to a
separate policy, plan or agreement. Upon the later of (x) termination of any
such other disability benefits or (y) the Normal Retirement Date, payment to the
Executive of his Accrued Benefit (determined as of the date of disability) shall
commence and such payment shall be made in the form provided in Section 2.4. If,
following termination or suspension of the Executive's employment by reason of
disability, the Executive resumes employment with the Corporation in the
position he held immediately prior to the onset of disability, this Agreement
shall continue in full force and effect as if no such disability or termination
or suspension of employment had occurred. For the purposes of the numerator of
the fractions in Sections 2.1 and 2.3, the Executive's period of disability
shall be treated as a period of employment with the Corporation.

                                       6
<PAGE>

                                  ARTICLE FIVE

SECTION 5.1 TERMINATION OF EMPLOYMENT PRIOR TO NORMAL RETIREMENT DATE. If the
Executive's employment with the Corporation is terminated prior to the Normal
Retirement Date for any reason, the Executive shall be entitled to benefits in
the amount of the Accrued Benefit determined as of the date of termination of
his employment ("Early Retirement Benefits") payable (x) in the Normal Form
commencing at the Normal Retirement Date or (y) to the extent so elected by the
Executive, in any other form permitted under Section 2.4 and commencing at such
other time as may be permitted under Section 5.2 below, subject to such
adjustment as may be provided under Section 5.2 below.

SECTION 5.2 EARLY PAYMENT. By written notice to the Company, the Executive may
elect to have the Corporation commence payment of Early Retirement Benefits at
any time after the Executive has both attained age fifty-five (55) and
terminated employment with the Corporation or at any earlier time for
commencement as the Corporation, in its discretion, may approve. Early
Retirement Benefits shall be in the amount(s) determined in accordance with
Section 5.1, but further reduced (1) by one-quarter of one percent (.25%) per
month for each month or partial month (up to sixty (60)) between the date of
commencement of Early Retirement Benefits and the Executive's sixty-fifth (65th)
birthday and (2) by one-half of one percent (.50%) per month for each month or
partial month between the date of commencement of Early Retirement Benefits and
the date of the Executive's sixtieth (60th) birthday.

SECTION 5.3 PAYMENT. Benefits payable under this Article Five shall be paid in
the Normal Form or in any other manner elected by the Executive and permitted
under Section 2.4.

SECTION 5.4 FORFEITURE. Notwithstanding anything to the contrary herein,
benefits under this Agreement shall be forfeited and all rights of the Executive
and his Beneficiary shall become

                                       7
<PAGE>

null and void if the Executive's employment is terminated for Cause. For the
purposes of this Section 5.4, the term "Cause" shall have the meaning given such
term in the William J. Ryan Severance Agreement dated January 1, 2000.

                                   ARTICLE SIX

SECTION 6.1 ASSIGNMENT . No right to payment of any amount under this Agreement
may be assigned, pledged, or encumbered, nor shall any such right or other
interest in amounts payable under this Agreement be subject to any attachment,
garnishment, execution or other legal process.

                                  ARTICLE SEVEN

SECTION 7.1 PARTICIPATION IN OTHER PLANS. Nothing contained in this Agreement
shall be construed to alter, abridge, or in any manner affect the rights and
privileges of the Executive to participate in and be covered by any pension,
profit-sharing, group insurance, bonus or any other employee plan or plans which
the Corporation may have or hereafter have.

SECTION 7.2 ALTERNATIVE BENEFIT UNDER THE SERP PLAN. Without limiting the
foregoing, and notwithstanding anything to the contrary in the Banknorth Group,
Inc. Supplemental Retirement Plan (as the same may be amended, restated,
otherwise modified or replaced, the "SERP Plan"), including, without limitation,
Article Three thereof, if on the date that benefits become payable under this
Agreement, the actuarial equivalent of the aggregate amount of the benefits
payable to the Executive under the terms of this Agreement is less than the
actuarial equivalent of the aggregate amount of the benefits to which the
Executive would be entitled under the SERP Plan if he were a "Participant" (as
defined in the SERP Plan) in the SERP Plan (such amount, the "Alternative
Benefit"), the Executive shall be entitled to benefits payable in accordance
with the

                                       8
<PAGE>

terms of this Agreement but in an aggregate amount equal to the actuarial
equivalent of the Alternative Benefit instead of in an aggregate benefit amount
determined under this Agreement.

                                  ARTICLE EIGHT

SECTION 8.1 FUNDING. The Corporation shall have the right, in its discretion, at
any time and from time to time to insure or otherwise provide for the
obligations of the Corporation under this Agreement or to refrain from same, and
to determine the extent, nature and method thereof, including the establishment
of one or more trusts. Should the Corporation elect to insure this Agreement, in
whole or in part, through the medium of insurance or annuities, or both, the
Corporation shall be the owner and beneficiary of the policy. At no time shall
the Executive be deemed to have any right, title or interest in or to any
specified asset or assets of any such trust or escrow arrangement, including,
without limitation, any insurance or annuity or other contracts or proceeds
therefrom. No such policy, contract or other asset shall in any way be
considered to be security for the performance of the Corporation's obligations
under this Agreement. The Executive agrees that, if the Corporation purchases a
life insurance or annuity policy on his life, he will sign any papers that may
be required for that purpose and undergo any medical examination or tests which
may be necessary, and otherwise reasonably cooperate with the Corporation in its
efforts to secure any such policy.

SECTION 8.2. NO TRUST. Nothing herein and no action taken pursuant hereto shall
create or be deemed to create any trust or fiduciary relationship between the
Corporation and the Executive, his Beneficiary, or any other person.

                                  ARTICLE NINE

SECTION 9.1 REORGANIZATION. The Corporation shall not merge with or consolidate
into or with another corporation or other entity, or reorganize, or sell
substantially all of its assets to

                                       9
<PAGE>

another corporation, firm, or person unless and until such succeeding or
continuing corporation, firm or person agrees to assume and discharge the
obligations of the Corporation under this Agreement. Upon the occurrence of any
such merger, consolidation, reorganization, or sale, the term "Corporation" as
used in this Agreement shall be deemed to refer to such successor, assignee, or
survivor or successor Corporation, firm or person.

                                   ARTICLE TEN

SECTION 10.1 BINDING EFFECT. This Agreement shall be binding upon and inure to
the benefit of the Executive and his Beneficiary and the Corporation and any
successor organization which shall succeed to substantially all of its assets
and business without regard to the form of such succession.

SECTION 10.2 CORPORATION. As used in this Agreement, the term "Corporation"
shall mean Banknorth Group, Inc., and any entity that from time to time is
aggregated with Banknorth Group, Inc., its successors and assigns, under
Sections 414(b), 414(c), 414(m), 414(n) or 414(o) of the Internal Revenue Code
of 1986, as amended. For the purpose of determining the Executive's period of
employment with the Corporation as required hereunder, the term "Corporation"
shall also include any predecessor of the Corporation.

                                 ARTICLE ELEVEN

SECTION 11.1. COMMUNICATIONS. Any notice or other communication required or
permitted to be given under this Agreement shall be in writing and shall be
deemed given (i) when delivered or refused if sent by hand during regular
business hours, (ii) three (3) business days after being sent by United States
Postal Service, registered or certified mail, postage prepaid, return receipt
requested, (iii) on the next business day when sent by reputable overnight
express mail service that provides tracing and proof of receipt or refusal of
items mailed, or (iv) when received by the

                                       10
<PAGE>

addressee if by telecopier transmission addressed to the Corporation or
Executive, as the case may be, at the address or addresses set forth below or
such other addresses as the parties may designate in a notice given in
accordance with this Section.

To the Corporation:

                  Banknorth Group, Inc.
                  Two Portland Square
                  Portland, ME 04112

To the Executive:

                  William J. Ryan
                  6 Hemlock Drive
                  Cumberland Center, ME 04021

                                 ARTICLE TWELVE

         12.1     CLAIMS PROCEDURE GENERALLY. Any claim for benefits under this
Agreement ("Claim") shall be made by written notice (x) describing the basis for
the Claim and (y) submitted to the Corporation within six months after the date
on which such benefit is claimed to have been due. Within sixty (60) days after
its receipt of a Claim, the Corporation shall respond to the Executive (or, if
applicable, Beneficiary) by written notice of its determination to approve or
deny the same, which notice, in the case of any denial, shall further set forth
in reasonable detail the basis for denial, specific reference to the Plan
provisions on which the denial is based, steps to be taken to have the denial
reviewed and, if applicable, a description of any additional material needed to
be provided by the Executive. The Executive may, in his discretion, elect to
treat any failure of the Corporation to respond to a Claim within the time
period set forth above as denial.

SECTION 12.2 REVIEW. If a Claim is denied, the Executive may obtain a review of
the denial by written request for review (x) describing the basis for his
determination that denial was

                                       11
<PAGE>

erroneous and (y) submitted to the Corporation within sixty (60) days after the
date of denial or deemed denial of the Claim pursuant to Section 12.1 above, as
applicable. Within sixty days (60) following the Corporation's receipt of a
request for review, the Corporation shall review the Claim (together with any
supporting documents or other written materials reasonably related to the
request and submitted therewith) and give the Executive written notice of its
determination to approve or deny the same, which notice, in the case of any
denial, shall further set forth in reasonable detail the basis for denial. No
determination of the Corporation shall be deemed to preclude further action by
the Executive (or, if applicable, Beneficiary) with respect to the Claim.

                                ARTICLE THIRTEEN

SECTION 13.1 WITHHOLDING. The Corporation shall be entitled to withhold from
payment of benefits hereunder any federal, state or local withholding or other
taxes, or charge from time to time required to be withheld.

                                ARTICLE FOURTEEN

SECTION 14.1 ENTIRE AGREEMENT; AMENDMENT. This Agreement constitutes the entire
agreement between the parties with respect to the subject matter hereof and
supercedes all prior agreements written or oral with respect to its subject
matter. This Agreement may be amended only by a written agreement signed by the
parties hereto.

SECTION 14.2 GOVERNING LAW. This Agreement shall be governed by and construed
and enforced in accordance with the laws of the State of Maine.

SECTION 14.3 SEVERABILITY. Each provision of this Agreement is intended to be
severable and the invalidity, illegality, or unenforceability of any portion of
this Agreement shall not affect the validity, legality, and enforceability of
the remainder.

                                       12
<PAGE>

         IN WITNESS WHEREOF, the Corporation and the Executive have caused this
Agreement to be executed as an instrument under Seal as of the date and year
first above written.

                                        BANKNORTH GROUP, INC., f/k/a
                                        PEOPLES HERITAGE FINANCIAL
                                        GROUP, INC.

                                        By:
------------------------------------       ---------------------------------
Witness                                       Cynthia H. Hamilton, EVP

------------------------------------       ---------------------------------
Witness                                    William J. Ryan

                                       13

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