Document:

Employment Agreement with Robert S. McKean

 Exhibit 10.5 
 EMPLOYMENT AGREEMENT 
 FOR 
 ROBERT S. MCKEAN 
 This Agreement is entered into this 14th day of September,
2006, by and among Park National Corporation (hereinafter referred to as “Park”); Vision Bank, an Alabama banking corporation (hereinafter referred to either as the “Employer” or the “Bank”) and Robert S. McKean
(hereinafter referred to as the “Executive”). 
 WHEREAS, the Executive currently serves as the President the Bank and has
entered into a change in control and non-competition agreement with the Bank and Vision Bancshares, Inc. (“Vision Bancshares”) dated as of January 1, 2006 (the “Vision Agreement”); and 
 WHEREAS, Vision Bancshares and Park propose to enter into a Merger Agreement dated as of the same date hereof (the “Merger Agreement”)
providing for the merger of Vision Bancshares with and into Park (the “Merger”); and 
 WHEREAS, the parties hereto desire
to continue the Executive’s employment relationship with the Bank after the Effective Time (as defined in the Merger Agreement) of the Merger as further specified herein. 
 NOW, THEREFORE, and in consideration of the mutual covenants herein contained and other valuable consideration, the receipt and adequacy of which
is agreed to by the parties, Park, the Employer and the Executive hereby mutually agree as follows: 
 1. Employment and Duties. The
Employer hereby employs the Executive and the Executive hereby accepts employment with the Employer upon the terms and conditions hereinafter set forth. The Executive will serve the Employer as its President. In such capacity, the Executive will
report directly to the Employer’s Chief Executive Officer (the “CEO”) and have all powers, duties, and obligations as are normally associated with such position. Subject to the provisions of Section 5(f), the Executive will
further perform such other duties and hold such other positions related to the business of the Employer as may from time to time be reasonably requested of him by the Board of Directors of the Employer (hereinafter referred to as the
“Board”). The Executive will devote all of his skills, time, and attention solely and exclusively to said position and in furtherance of the business and interests of the Employer and will not directly or indirectly render any services of
a business, commercial or professional nature to any person or organization without the prior written consent of the Board (which consent will not be unreasonably withheld or delayed); provided, however, that the Executive will not be precluded from
spending a reasonable amount of time managing his personal investments or participating in community, civic, charitable or similar activities so long as such activities do not unreasonably interfere with his responsibilities hereunder. 

2. Term of Employment.  
 a.
Original Term. This Agreement will be effective on the Effective Time and the term of employment will begin, or be deemed to have begun, on the Effective Time (the “Effective Date”). The Agreement will continue through the
three-year period ending on the day before the third anniversary date of the Effective Date, subject, however, to prior termination or to extension, as herein provided. 
  

 1 

 b. Extension of Term. The Employer and the Executive agree that the Board will review the
Executive’s performance with the intent that, if the Executive’s performance so warrants, the Employer may extend the term of this Agreement for additional time periods to be determined in the discretion of the Board. By
                                , 20    , or, in the
event that this Agreement is extended as provided for in this Section 2(b), within ninety (90) days preceding the end of any extension period, the Chairman of the Board (the “Chairman”) will notify the Executive of the
Employer’s decision whether or not to grant an extension of this Agreement for an additional time period. In the event that the Chairman fails to notify the Executive, on or before the date described in the preceding sentence, of the decision
regarding the extension of the term of this Agreement, the term of this Agreement will automatically be extended for an additional one-year period. 
 3. Compensation.  
 a. Salary. The Executive will receive an initial annual base salary of One Hundred Fifty
Thousand Dollars ($150,000), which may be increased, but not decreased without the Executive’s written consent, by the Board, upon the recommendation of the Employer’s CEO, during the term of this Agreement. In the event that the Board
increases the Executive’s initial base salary, the amount of the initial base salary, together with any increase(s) will be his base salary (hereinafter referred to as the “Base Salary”). The Base Salary will be payable in accordance
with the Employer’s regular payroll payment practices. 
 b. Bonus. Each year during the term of this Agreement, the Executive
may earn and receive a cash bonus in an amount and based upon the satisfaction of performance criteria to be determined in the discretion of the Compensation Committee of the Board. All bonus payments to be made pursuant to this Section 3(b)
will be made to the Executive in cash no later than the 15th day of the third calendar month following the fiscal
year of the Employer for which such bonus is payable. 
 c. Equity Compensation. The Executive shall receive equity awards in the
amounts and on the terms as determined from time to time by the Compensation Committee of the Board of Directors of Park. 
 d.
Compensation for Special Services. In consideration of the Executive’s willingness to (i) enter into this Agreement, (ii) apply his experience, skills and knowledge in continued employment with the Employer, and
(iii) terminate the Vision Agreement, Park will pay or cause to be paid to the Executive, on the Effective Time, an amount equal to his annual base salary in effect immediately prior to the Effective Time. The Executive, in consideration of the
foregoing payment, hereby waives and releases all rights, benefits and payments specified in the Vision Agreement. The Executive acknowledges that he is entitled to no past, present or future benefit that may be contained in the Vision Agreement. As
of the Effective Time, this Agreement shall supersede and replace the Vision Agreement and the Vision Agreement shall be null and void in all respects. 
  

 2 

 e. Salary Continuation Agreements. The Employer shall continue the Salary Continuation Agreement
entered into between the Bank and the Executive on July 14, 2004 and as amended on June 26, 2006. 
 4. Fringe Benefits and
Expenses.  
 a. Fringe Benefits. The Employer will provide the Executive with all health and life insurance coverages, disability
programs, tax-qualified retirement plans, equity compensation programs, paid holidays, vacation, perquisites, and such other fringe benefits of employment as the Employer may provide from time to time to actively employed senior executives of the
Employer. Notwithstanding any provision contained in this Agreement, the Employer may discontinue or terminate at any time any employee benefit plan, policy or program, now existing or hereafter adopted, to the extent permitted by the terms of such
plan, policy or program and will not be required to compensate the Executive for such discontinuance or termination. In addition to the general fringe benefits to be provided hereunder, the Executive shall be entitled to the following specific
fringe benefits: 
 i. The Executive shall receive a monthly car allowance equal to Four Hundred Dollars ($400), plus mileage at the current
Internal Revenue Service allowed reimbursement rate; 
 ii. The Employer shall pay all fees for any country or social club which the
Executive joins (or which he is currently a member on the Effective Date) at the request of the Employer; and 
 iii. The Executive shall
receive a monthly fringe benefit allowance equal to Four Hundred Dollars ($425); provided that the Executive may only use such monthly benefit allowance to pay the Executive’s portion of the premiums on any Employer sponsored welfare benefit
plan. 
 b. Expenses. The Employer shall reimburse the Executive for all reasonable travel, entertainment and miscellaneous expenses
incurred by the Executive in connection with the performance of his business activities under this Agreement, in accordance with the existing policies and procedures of the Employer pertaining to reimbursement of such expenses to senior executives.

 5. Termination of Employment. 
 a. Death of Executive. The Executive’s employment hereunder will terminate upon his death and the Executive’s beneficiary (as designated by the Executive in writing with the Employer prior to his death) will be entitled to
the following payments and benefits: 
 i. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but unused
(determined by dividing Base Salary by 365 and multiplying such amount by the number of unused vacation days), and any business expenses that are unreimbursed—all, as of the date of termination of employment; and 
  

 3 

 ii. any rights and benefits (if any) provided under plans and programs of the Employer, determined in
accordance with the applicable terms and provisions of such plans and programs. 
 In the absence of a beneficiary designation by the
Executive, or, if the Executive’s designated beneficiary does not survive him, payments and benefits described in this subparagraph will be paid to the Executive’s estate. 
 b. Disability. The Executive’s employment hereunder may be terminated by the Employer in the event of his Disability. For purposes of this
Agreement, “Disability” means the inability of the Executive to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than twelve (12) months. During any period that the Executive fails to perform his duties hereunder as a result of a Disability (“Disability Period”), the Executive will continue to receive his
Base Salary at the rate then in effect for such period until his employment is terminated pursuant to this subparagraph; provided, however, that payments of Base Salary so made to the Executive will be reduced by the sum of the amounts, if any, that
were payable to the Executive at or before the time of any such salary payment under any disability benefit plan or plans of the Employer and that were not previously applied to reduce any payment of Base Salary. In the event that the Employer
elects to terminate the Executive’s employment pursuant to this subparagraph, the Executive will be entitled to the following payments and benefits: 
 i. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of unused vacation days), and
any business expenses that are unreimbursed—all, as of the date of termination of employment; and 
 ii. any rights and benefits (if
any) provided under plans and programs of the Employer, determined in accordance with the applicable terms and provisions of such plans and programs. 
 c. Termination of Employment for Cause. The Employer may terminate the Executive’s employment at any time for “Cause” if such Cause is determined by the Board. For purposes of this Agreement, the
term “Cause” shall mean: 
 i. the Executive’s willful misconduct or gross malfeasance, or an act or acts of gross negligence
in the course of employment or any material breach of the Executive’s obligations contained herein; 
 ii. the Executive’s
conviction, admission or confession of any felony or an unlawful act involving fraud or moral turpitude; or 
 iii. the intentional
violation by the Executive of applicable state and federal banking regulations, rules and other statutes. 
  

 4 

 In the event that the Employer terminates the Executive’s employment for Cause, the Executive will
be entitled to the following payments and benefits: 
 A. any Base Salary that is accrued but unpaid, the value of any vacation that is
accrued but unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of unused vacation days), and any business expenses that are unreimbursed—all, as of the date of termination of employment; and 

B. any rights and benefits (if any) provided under plans and programs of the Employer, determined in accordance with the applicable terms and
provisions of such plans and programs. 
 d. Termination Without Cause. The Employer may terminate the Executive’s employment for
any reason upon thirty (30) days prior written notice to the Executive. If the Executive’s employment is terminated by the Employer for any reason other than the reasons set forth in subparagraphs a, b or c of this Section 5, subject
to the Executive’s compliance with Sections 8 and 9 of this Agreement, the Executive will be entitled to the following payments and benefits: 
 i. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of unused vacation days), and any business expenses
that are unreimbursed—all, as of the date of termination of employment; 
 ii. any rights and benefits (if any) provided under plans
and programs of the Employer, determined in accordance with the applicable terms and provisions of such plans and programs; 
 iii.
continuation of the Executive’s Base Salary as in effect immediately prior to the date of his termination of employment for a period equal to the lesser of two (2) years or the remainder of the term of this Agreement (such period shall
hereinafter be referred to as the “Continuation Period”); provided, that these payments will be made in separate, equal payments no less frequently than monthly over the Continuation Period; and 
 iv. the Employer shall continue to provide medical, dental, life insurance and other welfare benefits (the “Welfare Benefits”) to the
Executive, his spouse and his eligible dependents for the Continuation Period on the same basis and at the same cost as such benefits were provided to the Executive immediately prior to his date of termination; provided that if the terms of the
plans governing such Welfare Benefits do not permit such coverage, the Employer will provide such Welfare Benefits to the Executive with the same after tax effect. Notwithstanding the foregoing, the Welfare Benefits otherwise receivable by the
Executive pursuant to this Section 5(d)(iv) shall be reduced or eliminated to the extent the Executive becomes eligible to receive comparable Welfare Benefits at substantially similar costs from another employer. 
 e. Voluntary Termination by Executive. The Executive may resign and terminate his employment with the Employer for any reason whatsoever upon not
less than thirty (30) days prior written notice to the Employer. In the event that the Executive terminates his employment voluntarily pursuant to this Section 5(e), the Executive will be entitled to the following payments and benefits:

  

 5 

 i. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but unused
(determined by dividing Base Salary by 365 and multiplying such amount by the number of unused vacation days), and any business expenses that are unreimbursed—all, as of the date of termination of employment; and 
 ii. any rights and benefits (if any) provided under plans and programs of the Employer, determined in accordance with the applicable terms and
provisions of such plans and programs. 
 f. Good Reason Termination. The Executive may resign and terminate his employment with the
Employer for “Good Reason” upon not less than thirty (30) days’ prior written notice to the Employer. For purposes of this Agreement, the Executive will have “Good Reason” to terminate his employment with the Employer
if any of the following events occurs (provided the Employer does not cure such event with ten (10) days following its receipt of notice of termination of employment from the Executive) and written notice is given by the Executive to the
Employer within sixty (60) days of the occurrence of the event: 
 (i) the reduction of the Executive’s Base Salary or levels of
benefits or supplemental compensation without compensation therefore; 
 (ii) a relocation of the Executive’s principal place of
employment to a location outside a 25-mile radius from the Executive’s principal place of employment or a material increase in the amount of travel normally required of the Executive in connection with his employment without the
Executive’s prior written consent; or 
 (iii) a material and adverse change in the Executive’s position with the Employer or
failure to provide authority, responsibilities and reporting relationships consistent with the Executive’s position; provided, however, that the parties agree that any change between the Executive’s position, authority, responsibilities
and reporting relationships immediately prior to the Merger Date and his position, authority, responsibilities and reporting relationships as of the Effective Date shall not constitute Good Reason under this Section 5(f); and, provided further,
that it will not be a material and adverse change in the Executive’s position if, in connection with a Change in Control (as defined in Section 6), the Executive’s position, responsibilities and reporting relationships are changed to
account for the effect of the Change in Control but are otherwise consistent with the Executive’s position immediately before the Change in Control. 
 In the event that the Executive terminates his employment for Good Reason pursuant to this Section 5(f), subject to the Executive’s compliance with Sections 8 and 9 of this Agreement, the Executive will be
entitled to the following payments and benefits: 
 A. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued
but unused (determined by dividing Base Salary by 365 and multiplying such amount by the number of unused vacation days), and any business expenses that are unreimbursed—all, as of the date of termination of employment; 
  

 6 

 B. any rights and benefits (if any) provided under plans and programs of the Employer, determined in
accordance with the applicable terms and provisions of such plans and programs; 
 C. continuation of the Executive’s Base Salary as in
effect immediately prior to the date of his termination (or the Base Salary as in effect immediately prior to the date of any reduction described in Section 5(f)(i), whichever is higher) of employment for the Continuation Period; provided, that
these payments will be made in separate, equal payments no less frequently than monthly over the Continuation Period; and 
 D. the Employer
shall continue to provide the Welfare Benefits to the Executive, his spouse and his eligible dependents for the Continuation Period on the same basis and at the same cost as such benefits were provided to the Executive immediately prior to his date
of termination; provided that if the terms of the plans governing such Welfare Benefits do not permit such coverage, the Employer will provide such Welfare Benefits to the Executive with the same after tax effect. Notwithstanding the foregoing, the
Welfare Benefits otherwise receivable by the Executive pursuant to this Section 5(f)(D) shall be reduced or eliminated to the extent the Executive becomes eligible to receive comparable Welfare Benefits at substantially similar costs from
another employer. 
 g. Failure to Extend Term of Agreement. If the Employer notifies the Executive that the Employer will not extend
the term of this Agreement under the provisions of Section 2(b) hereof, the Executive’s employment under this Agreement will terminate at the end of such term and the Executive will be entitled to the following payments and benefits:

 i. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but unused (determined by dividing Base Salary by
365 and multiplying such amount by the number of unused vacation days), and any business expenses that are unreimbursed – all as of the date of termination of employment; and 
 ii. any rights and benefits (if any) provided under plans and programs of the Employer, determined in accordance with the applicable terms and
provisions of such plans and programs. 
 6. Change In Control. 
 a. Occurrence of Change in Control. In the event that during the term of this Agreement, a Change in Control [as defined under Section 409A of
the Internal Revenue Code of 1986, as amended (the “Code”) and the regulations thereunder] occurs and, within thirty-six (36) months following such Change in Control, the Executive’s employment is terminated by the Employer or
its successor for any reason other than the reasons set forth in subparagraphs a, b or c of Section 5 or is terminated by the Executive under subparagraph f of Section 5, then in lieu of any other provision of Section 5 of this
Agreement, subject to the Executive’s compliance with Sections 8 and 9 of this Agreement, the Employer or its successor will pay to the Executive the following payments and benefits: 
 i. any Base Salary that is accrued but unpaid, the value of any vacation that is accrued but unused, (determined by dividing Base Salary by 365 and
multiplying 
  

 7 

 such amount by the number of unused vacation days), and any business expenses that are unreimbursed – all, as of the
date of termination of employment; 
 ii. any rights and benefits (if any) provided under plans and programs of the Employer, determined in
accordance with the applicable terms and provisions of such plans and programs; 
 iii. a single lump sum payment, payable on the tenth
(10th) business day following the date of termination of employment, equal to two (2) times the total Base
Salary and cash bonus paid or payable to the Executive with respect to the most recently completed fiscal year of the Employer; and 
 iv.
the Employer or its successor shall continue to provide the Welfare Benefits to the Executive, his spouse and his eligible dependents for a period of two (2) years following the date of termination of the Executive’s employment on the same
basis and at the same cost as such benefits were provided to the Executive immediately prior to his date of termination; provided that if the terms of the plans governing such Welfare Benefits do not permit such coverage, the Employer or its
successor will provide such Welfare Benefits to the Executive with the same after tax effect. 
 b. Treatment of Taxes. If payments
provided under this Agreement, when combined with payments and benefits under all other plans and programs maintained by the Employer, constitute “excess parachute payments” as defined in Section 280G(b) of the Code, the Employer or
its successor will reduce the Executive’s benefits under this Agreement and/or the other plans and programs maintained by the Employer (in a manner to be mutually agreed upon between the Employer or its successor and the Executive) so that the
Executive’s total “parachute payment” as defined in Code §280G(b)(2)(A) under this Agreement and all other plans and programs will be One Dollar ($1) less than the amount that would be an “excess parachute payment.”
Treatment of taxes under this Section 6(b) will be made at the time and in the manner mutually agreed to by the parties to this Agreement. In addition, in the event of any subsequent inquiries regarding the treatment of tax payments under this
Section 6, the parties will agree to the procedures to be followed in order to deal with such inquiries. This Section 6(b) shall not apply to any payments or benefits provided to the Executive pursuant to Section 3(d) or to any other
payment or benefit provided to the Executive as a result of the Merger. 
 7. Nonexclusivity of Rights. Nothing in this Agreement will
prevent or limit the Executive’s continuing or future participation in any incentive, fringe benefit, deferred compensation, or other plan or program provided by the Employer and for which the Executive may qualify, nor will anything herein
limit or otherwise affect such rights as the Executive may have under any other agreements with the Employer. Amounts that are vested benefits or that the Executive is otherwise entitled to receive under any plan or program of the Employer at or
after the date of termination of employment, will be payable in accordance with such plan or program. 
 8. Noncompetition Covenant.
The Executive agrees that, during the term of this Agreement and during the Continuation Period thereafter following his termination of 
  

 8 

 employment [one (1) year in the event that the Executive’s employment is terminated pursuant to the provisions
of Section 6 hereof], he shall not: 
 a. own greater than a 5% equity interest in any class of stock of, or manage, operate, participate
in, be employed by, perform consulting services for, or otherwise be connected in any manner with, any bank holding company or any depository institution located within a 50-mile radius of Gulf Shores, Alabama or Panama City, Florida which is
competitive with the business of Park, the Bank or Vision Bank, a Florida banking corporation (hereinafter collectively referred to with the Bank as the “Banks”); 
 b. solicit or induce any employee of the Banks or Park to terminate such employment or to become employees of any other person or entity; 
 c. solicit any customer, supplier, contractual party of Park or the Banks or any other person with whom each of them has business relations to cease
doing business with Park or the Banks; or 
 d. in any way interfere with the relationship of the Banks or Park and any of their respective
employees, customers, suppliers, contractual parties or any other person with whom each of them has business relations. 
 In the event of a
breach by the Executive of any covenant set forth in this Section 8, the term of such covenant will be extended by the period of the duration of such breach and such covenant will survive any termination of this Agreement but only for the
limited period of such extension. 
 The restrictions on competition provided herein shall supersede any restrictions on competition
contained in any other agreement between the Employer and the Executive and may be enforced by Park, the Employer and/or any successor thereto, by an action to recover payments made under this Agreement, an action for injunction, and/or an action
for damages. The provisions of this Section 8 constitute an essential element of this Agreement, without which neither Park nor the Employer would have entered into this Agreement. Notwithstanding any other remedy available to Park or the
Employer at law or at equity, the parties hereto agree that Park, the Employer or any successor thereto, will have the right, at any and all times, to seek injunctive relief in order to enforce the terms and conditions of this Section 8.

 If the scope of any restriction contained in this Section 8 is too broad to permit enforcement of such restriction to its fullest
extent, then such restriction will be enforced to the maximum extent permitted by law, and the Executive hereby consents and agrees that such scope may be judicially modified accordingly in any proceeding brought to enforce such restriction.

 9. Confidential Information. The Executive will hold in a fiduciary capacity, for the benefit of Park and the Banks, all secret or
confidential information, knowledge, and data relating to Park and the Banks, that shall have been obtained by the Executive during his employment with the Employer and that is not public knowledge (other than by acts by the Executive or his
representatives in violation of this Agreement). During and after termination of the Executive’s employment with the Employer, the Executive will not, without the prior written consent of the Board, communicate or divulge any such information,
knowledge, or data to 
  

 9 

 anyone other than Park or the Employer or those designated by them, unless the communication of such information,
knowledge or data is required pursuant to a compulsory proceeding in which the Executive’s failure to provide such information, knowledge, or data would subject the Executive to criminal or civil sanctions and then only with prior notice to the
Board. 
 The restrictions imposed on the release of information described in this Section 9 may be enforced by Park or the Employer
and/or any successor thereto, by an action to recover payments made under this Agreement, an action for injunction and/or an action for damages. The provisions of this Section 9 constitute an essential element of this Agreement, without which
neither Park nor the Employer would have entered into this Agreement. Notwithstanding any other remedy available to Park or the Employer at law or at equity, the parties hereto agree that Park, the Employer or any successor thereto, will have the
right, at any and all times, to seek injunctive relief in order to enforce the terms and conditions of this Section 9. 
 If the scope
of any restriction contained in this Section 9 is too broad to permit enforcement of such restriction to its fullest extent, then such restriction will be enforced to the maximum extent permitted by law, and the Executive hereby consents and
agrees that such scope may be judicially modified accordingly in any proceeding brought to enforce such restriction. 
 10. Intellectual
Property. The Executive agrees to communicate to the Employer, promptly and fully, and to assign to the Employer all intellectual property developed or conceived solely by the Executive, or jointly with others, during the term of his employment,
which are within the scope of either the Banks’ business or Park’s business, or which utilized Employer materials or information. For purposes of this Agreement, “intellectual property” means inventions, discoveries, business or
technical innovations, creative or professional work product, or works of authorship. The Executive further agrees to execute all necessary papers and otherwise to assist the Employer, at the Employer ‘s sole expense, to obtain patents,
copyrights or other legal protection as the Employer deems fit. Any such intellectual property is to be the property of the Employer whether or not patented, copyrighted or published. 
 11. Assignment and Survivorship of Benefits. The rights and obligations of Park and the Employer under this Agreement will inure to the benefit
of, and will be binding upon, the successors and assigns of Park and the Employer. If the Employer shall at any time be merged or consolidated into, or with, any other company, or if substantially all of the assets of the Employer are transferred to
another company, then the provisions of this Agreement will be binding upon and inure to the benefit of the company resulting from such merger or consolidation or to which such assets have been transferred, and this provision will apply in the event
of any subsequent merger, consolidation, or transfer. 
 12. Notices. Any notice given to either party to this Agreement will be in
writing, and will be deemed to have been given when delivered personally or sent by certified mail, postage prepaid, return receipt requested, duly addressed to the party concerned, at the address indicated below or to such changed address as such
party may subsequently give notice of: 
  

 10 

			
	If to Park:	    	Park National Corporation
		    	50 North Third Street
		    	P. O. Box 3500
		    	Newark, Ohio 43058
		    	Attention:                         
		
	If to the Employer:	    	2200 Stanford Road
		    	Panama City, Florida 36542
		    	Attention:                         
		
	If to the Executive:	    	At the last address on file
		    	with the Employer

 13. Indemnification. The Executive shall be indemnified by the Employer to the extent
provided in the case of officers under the Employer’s Articles of Incorporation or Regulations, to the maximum extent permitted under applicable law. 
 14. Taxes. Anything in this Agreement to the contrary notwithstanding, all payments required to be made hereunder by the Employer to the Executive will be subject to withholding of such amounts relating to
taxes as the Employer may reasonably determine that it should withhold pursuant to any applicable law or regulations. In lieu of withholding such amounts, in whole or in part, however, the Employer may, in its sole discretion, accept other provision
for payment of taxes, provided that it is satisfied that all requirements of the law affecting its responsibilities to withhold such taxes have been satisfied. 
 15. Arbitration; Enforcement of Rights. Any controversy or claim arising out of, or relating to this Agreement, or the breach thereof, except with respect to Sections 8, 9 and 10, will be settled by arbitration
in the city of Columbus, Ohio, in accordance with the Rules of the American Arbitration Association, and judgment upon the award rendered by the arbitrator or arbitrators may be entered in any court having jurisdiction thereof. 
 All legal and other fees and expenses, including, without limitation, any arbitration expenses, incurred by the Executive in connection with seeking in
good faith to obtain or enforce any right or benefit provided for in this Agreement, or in otherwise pursuing any right or claim, will be paid by the Employer, to the extent permitted by law, provided that the Executive is successful in whole or in
part as to such claims as the result of litigation, arbitration, or settlement. 
 In the event that the Employer refuses or otherwise fails
to make a payment when due and it is ultimately decided that the Executive is entitled to such payment, such payment will be increased to reflect an interest equivalent for the period of delay, compounded annually, equal to the prime or base lending
rate used by Park National Bank, and in effect as of the date the payment was first due. 
 16. Section 409A Application. This
Agreement is intended to comply with the requirements of Section 409A of the Code (to the extent applicable) and the Employer agrees to interpret, apply and administer this Agreement in the least restrictive manner necessary to 
  

 11 

 comply with such requirements and without resulting in any diminution in the value of payments or benefits to the
Executive. To the extent that any payments to be provided to the Executive under this Agreement result in the deferral of compensation under Section 409A of the Code, and if the Executive is a “Specified Employee” as defined in
Section 409A(a)(2)(B)(i) of the Code, then any such payments shall instead be transferred to a rabbi trust (which shall be created by the Employer or its successor, on terms reasonably acceptable to the Executive, as soon as administratively
feasible following the occurrence of an event giving rise to the Executive’s right to such payment) and such amounts (together with earnings thereon in accordance with the terms of the trust agreement) shall be transferred from the trust to the
Executive upon the earlier of (i) six months and one day after the Executive’s separation from service, or (ii) any other date permitted under Section 409A of the Code. To the extent that any of the non-cash benefits provided to
the Executive under this Agreement, including but not limited to the Welfare Benefits, result in the deferral of compensation under Section 409A of the Code and if the Executive is a “Specified Employee” as defined in
Section 409A(a)(2)(B)(i) of the Code, then the Employer or its successor shall, instead of providing such benefits to the Executive as set forth hereinabove, delay the proviso of such benefits until the earlier of (i) six months and one
day after the Executive’s separation from service, or (ii) such other date permitted under Section 409A of the Code; provided, however, on such date the Employer shall be required to pay to the Executive in one lump sum an amount
equal to the after-tax costs of the benefits for the period during which the provision of the benefits was delayed as a result of the application of Code Section 409A. 
 17. Governing Law/Captions/Severance. This Agreement will be construed in accordance with, and pursuant to, the laws of the State of Ohio. The
captions of this Agreement will not be part of the provisions hereof, and will have no force or effect. The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any other provision of
this Agreement. Except as otherwise specifically provided in this Section 17, the failure of any party to insist in any instance on the strict performance of any provision of this Agreement or to exercise any right hereunder will not constitute
a waiver of such provision or right in any other instance. 
 18. Entire Agreement/Amendment. This instrument contains the entire
agreement of the parties relating to the subject matter hereof, and the parties have made no agreement, representations, or warranties relating to the subject matter of this Agreement that are not set forth herein. This Agreement may be amended only
by mutual written agreement of the parties. However, by signing this Agreement, the Executive agrees without any further consideration, to consent to any amendment necessary to avoid penalties under Section 409A of the Code; provided that such
amendment does not have a material adverse economic impact on the Executive. 
 19. Make Whole Payments. If the payments provided to
the Executive pursuant to Section 3(d) of this Agreement, when combined with payments and benefits under all other plans and programs maintained by the Banks or Vision Bancshares whether under this Agreement or otherwise and combined with any
other payment or benefit provided to Executive as a result of the Merger (the “Payments”), are subject to any tax under Section 4999 of the Code, or any similar federal or state law (an “Excise Tax”), then the Employer shall
pay to the Executive an additional amount (the “Make Whole Amount”). The Make Whole Amount shall be equal to (a)
  

 12 

 the amount of the Excise Tax, plus (b) the aggregate amount of any interest, penalties, fines or additions to any
tax which are imposed in connection with the imposition of such Excise Tax, plus (c) all income, excise and other applicable taxes imposed on the Executive under the laws of any Federal, state or local government or taxing authority by reason
of the payments required under clause (a) and clause (b) and this clause (c). The time and manner of calculating any Make Whole Amount, as well as, the procedure for making any tax payments or the treatment of any inquiries by taxing
authorities will be determined by mutual agreement of the parties. 
 IN WITNESS WHEREOF, the parties have executed this Agreement on the
date first above written. 
 (Signature Page Follows) 
  

 13 

			
	 PARK NATIONAL CORPORATION

		
	 By:
	 	 /s/ C. Daniel DeLawder

	 Its:
	 	 Chairman and Chief Executive Officer

	
	 VISION BANK,
 an Alabama banking corporation

		
	 By:
	 	 /s/ J. Daniel Sizemore

	 Its:
	 	 Chief Executive Officer

	
	 EXECUTIVE

	
	 /s/ Robert S. McKean

	 Robert S. McKean

  

 14Amended and Restated Employment Agreement

 Exhibit 10.16 
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
 This Amended and Restated Employment Agreement, dated as of the 28th day of April, 2006, between Dean Tulumaris (the “Executive”) and
Memry Corporation, a Delaware corporation (the “Company”). 
 WITNESSETH, 
 WHEREAS, the Company and the Executive entered into an employment agreement on May 26th, 2005 which superseded and replaced the Offer Letter between the Company and the Executive, dated July 31, 2002 (the “Offer Letter”);

 WHEREAS, the Company and the Executive desire to amend and restate the employment agreement on the terms and conditions set forth below
(this “Agreement”); and 
 NOW, THEREFORE, in consideration of the premises and of the covenants and agreements set forth herein,
the parties agree as follows: 
 1. Employment and Duties. 
 (a) The Company hereby agrees to employ the Executive, and the Executive hereby accepts employment, upon the terms and conditions set forth herein. During
the period during which he is employed hereunder (the “Period of Employment”), the Executive shall diligently and faithfully serve the Company in the capacity of President and Chief Operating Officer, or in such other and/or lesser
executive capacity or capacities as the Board of Directors and the Executive may, from time to time, agree. 
 (b) During the Period of
Employment hereof, the Executive shall, at the request of the Company, serve as an officer and/or director of direct and indirect subsidiaries, and other affiliates, of the Company as the Company, acting through its Board of Directors, shall request
from time to time. 
 (c) The Executive shall devote his best efforts and substantially all of his business time, services and attention to
the advancement of the Company’s business and interests during the Period of Employment. The restrictions in this Section 1 shall in no way prevent the Executive from (except as set forth in the immediately succeeding sentence) pursuing
other activities, so long as all of such other activities do not, in the aggregate, materially interfere with the Executive’s duties hereunder (including his obligation to devote substantially all of his business time, services and attention to
the Company). Notwithstanding the foregoing, however, the Executive shall not accept any outside directorships during the Period of Employment without the prior consent of the Company’s Board of Directors. 
 (d) The Executive shall, at all times during the Period of Employment, diligently and faithfully carry out the policies, programs and directions of the
Board of Directors of the Company and the Company’s senior management. The Executive shall comply with the directions and instructions made or given by or under the authority of the Company’s 

 President and Chief Operating Officer and whenever requested to do so shall give an account of all
transactions, matters and things related to the Company and its affiliates and their affairs with which the Executive is entrusted. 
 2.
Term. The initial term of this Agreement shall commence on the date hereof, and shall terminate on May 19th of the following year (the “Initial Term”). Thereafter, the term of this Agreement shall be automatically renewed for successive one-year periods, each commencing on the month and day of this Agreement in the appropriate
year and terminating on the day before such date in the subsequent year, unless either party notifies the other in writing of such party’s intention not to renew at least ninety (90) days prior to the date on which the term of this
Agreement would otherwise terminate. The Initial Term and such other periods for which the term hereof has been extended as aforesaid is collectively referred to herein as the “Term.” In the event the Company elects not to renew this
Agreement at the end of any Term, then the Company shall pay to the Executive (i) the Executive’s base salary for a period of twelve (12) months following termination of this Agreement, as and when the same would otherwise be due
(including continuation of employee health insurance as provided to active employees), and (ii) an amount equal to 100% of the Executive’s bonus described in Section 3(b) payable for the fiscal year in which such non renewal occurs,
in one lump sum when it would otherwise be payable; provided, however, that such payment shall not be paid by the Company if such non-renewal is “for cause” (as defined below). 
 3. Compensation. In consideration of the services rendered and to be rendered by the Executive, the Company agrees to compensate the
Executive during the Period of Employment as follows: 
 (a) From the date hereof the Company shall pay to the Executive an annual base salary
of $220,350, payable in equal installments every two weeks. The Executive’s base salary may be increased from time to time by the Board in accordance with normal business practices of the Company. 
 (b) The Executive shall also be entitled to receive additional compensation in the form of an annual target bonus in an amount equal to 50% of the
Executive’s base annual salary, determined by and in the sole discretion of the Board of Directors of the Company. Such target amount is based upon the Company meeting Company performance goals and objectives. The Executive shall also be
eligible to receive, on an annual basis 100,000 performance based stock option grants pursuant to any bonus and/or incentive compensation programs that may be established by the Company, including without limitation the Company’s current
incentive plans; provided, however, that nothing set forth in this sentence will in any way limit the Board of Directors discretion to approve or reject any bonus that the Executive would otherwise be due under any such plans.

 (c) The Executive shall receive use of a company vehicle subject to all legal and tax regulations as dictated by the Internal Revenue Code
as amended. 
 (d) The Executive shall be entitled to other fringe benefits comparable to the benefits afforded to other executive employees
of the Company, including but not limited to reasonable sick leave and coverage under any health, dental, accident, hospitalization, disability, retirement, life insurance, 401(k), and annuity plans, programs or policies maintained by the Company.
In addition, and without limiting the foregoing, the Company shall provide the Executive with twenty working days of vacation per calendar 

 year (pro rated for partial years) worked and including the period prior to the date hereof beginning on
the date that the Executive began providing consulting services to the Company), no more than thirty of which (in the aggregate) may be carried over from one year to the next. Notwithstanding anything to the contrary in this Agreement, for purposes
of determining the number of vacation days accrued by the Executive for the 2000 calendar year, the period prior to the date hereof, beginning on the date that the Executive began providing consulting services to the Company, shall be included.

 (e) The Executive shall be entitled to reimbursement, in accordance with Company policy, of all reasonable out-of-pocket expenses which he
incurs on behalf of the Company in the course of performing his duties hereunder, subject to furnishing appropriate documentation of such expenses to the Company’s Chief Executive Officer. 
 4. Covenant Not to Compete; Nonsolicitation. 
 (a) Except as specifically set forth in this Section 4, during the Period of Employment, the Executive will not engage, directly or indirectly, anywhere in the United States (including its territories,
possessions and commonwealths) or Canada in any business which competes or could reasonably be expected to compete with the Company and/or its affiliates and, for a period of one year after the termination of the Period of Employment, any business
which competes or could reasonably be expected to compete with the Company and/or its affiliates as of the date of termination; provided, however, that (i) the ownership by the Executive of less than 2% of the outstanding stock of
any publicly traded corporation shall not be deemed solely by reason thereof to cause the Executive to be engaged in any businesses being conducted by such publicly traded corporation; and (ii) the Company, at its sole discretion, may, by
written notice to the Executive no more than six (6) months and no less than three (3) months prior to the end of the two-year period described above, extend such two-year period for a third year, in which case the Company will be
obligated to pay the Executive, quarterly in advance, at the rate of the Executive’s base salary in effect on the last day of the Period of Employment, for such additional one-year non-compete period. If the final judgment of a court of
competent jurisdiction declares that any term or provision of this Section 4(a) is invalid or unenforceable, the parties agree that the court making the determination of invalidity or unenforceability shall have the power to reduce the scope,
duration, or area of the term or provision, to delete specific words or phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention
of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the judgment may be appealed. 
 (b) During the Period of Employment and for a period of two years thereafter, the Executive will not, directly or indirectly, either for himself or for
any other person or entity (i) solicit (A) any employee of the Company or any affiliate of the Company to terminate his or her employment with the Company or such affiliate during his or her employment with the Company or such affiliate or
(B) any former employee of the Company or an affiliate of the Company for a period of one year after such individual terminates his or his employment with the Company or such affiliate, (ii) solicit any customer or client of the Company or
any such affiliate (or any prospective customer or client of the Company or such affiliate) as of the termination of the Period of Employment to terminate its relationship with the Company or such affiliate, or do 

 business with any third parties, or (iii) take any action that is reasonably likely to cause injury
to the relationships between the Company or any such affiliate or any of their respective employees and any lessor, lessee, vendor, supplier, customer, distributor, employee, consultant or other business associate of the Company or any such
affiliate as such relationship relates to the Company’s or such affiliate’s conduct of its business. 
 5. Covenant Not to
Disclose Information. The Executive agrees that during the Period of Employment and thereafter, he will not use or disclose, other than to another employee of the Company, qualified by the Company to receive that information in the normal
course of business, any then confidential information or trade secrets of the Company or any affiliate of the Company which were made known to him by the Company, its officers or employees or affiliates, or learned by him while in the Company’s
employ, without the prior written consent of the Company, and that upon termination of his employment for any reason, he will promptly return to the Company any and all properties, records, figures, calculations, letters, papers, drawings,
schematics or copies thereof or other confidential information of the Company and its affiliates of any type or description. It is understood that the term “trade secrets” as used in this Agreement is deemed to include, without limitation,
lists of the Company’s and its affiliates’ respective customers, information relating to their practices, know-how, processes and inventions, and any other information of whatever nature which gives the Company or any affiliate an
opportunity to obtain an advantage over its competitors who do not have access to such information. 
 6. Remedy at Law
Inadequate. The Executive acknowledges that any remedy at law for breach of any of the restrictive covenants (Sections 4 and 5) contained in this Agreement would be inadequate and the Company shall be entitled to injunctive relief in the
event of any such breach. 
 7. Inventions and Improvements. With respect to any and all inventions (as defined in
Section 7(e) below) made or conceived by the Executive, whether or not during his hours of employment, either solely or jointly with others, during the Period of Employment, without additional consideration: 
 (a) The Executive shall promptly inform the Company of any such invention. 
 (b) Any such invention, whether patentable or not, shall be the property of the Company, and the Executive hereby assigns and agrees to assign to the Company all his rights to any such invention, and to any United
States and/or foreign letters patent granted upon any such invention or any application therefor. 
 (c) The Executive shall apply, at the
Company’s request and expense, for United States and/or foreign letters patent either in the Executive’s name or otherwise as the Company may desire. 
 (d) The Executive shall acknowledge and deliver promptly to the Company, without charge to the Company but at its expense, all sketches, drawings, models and figures and other information and shall perform such other
acts, such as giving testimony in support of his inventorship, as may be necessary in the opinion of the Company to obtain and maintain United States and/or foreign letters patent and to vest the entire right and title thereto in the Company.

 (e) For purposes of this Section, the term “invention” shall be deemed to mean any discovery,
concept or idea (whether patentable or not), including but not limited to processes, methods, formulas, techniques, hardware developments and software developments, as well as improvements thereof or know-how related thereto, (i) concerning any
present or prospective activities of the Company and its affiliates and (ii) (A) which the Executive becomes acquainted with as a result of his employment by the Company, (B) which results from any work he may do for, or at the
request of, the Company or any of its affiliates, (C) which relate to the Company’s or any affiliates’ business or actual or demonstrably anticipated research and development, or (D) which are developed in any part by use of the
Company’s or any such affiliates’ equipment, supplies, facilities or trade secrets. 
 The parties hereto agree that the covenants and agreements
contained in this Section 7 are, taken as a whole, reasonable in their scope and duration, and no party shall raise any issue of the reasonableness of the scope or duration of any such covenants in any proceeding to enforce any such covenants.

 8. Termination of Employment. 
 (a) The Executive’s Period of Employment hereunder may not be terminated prior to the expiration of the Term except in accordance with the provisions of this Section. 
 (b) The Executive’s Period of Employment may be terminated by the Company with or without Cause or by the Executive with or without Good Reason (as
defined in subsection (e)). For purposes of this Agreement, “Cause” means that termination occurs in connection with a determination, made at a meeting of the Board of Directors at which the Executive (and, at the Executive’s option,
his counsel) shall have had a right to participate, that the Executive has (i) committed an act of gross negligence or willful misconduct, or a gross dereliction of duty, that has materially and adversely affected the overall performance of his
duties hereunder; (ii) committed fraud upon the Company in his capacity as an employee hereunder; (iii) been convicted of, or pled guilty (or nolo contendere) to, a felony that the Board of Directors, acting in good faith, determines is or
would reasonably be expected to have a material adverse effect upon the business, operations, reputation, integrity, financial condition or prospects of the Company; (iv) any material breach by the Executive of the terms hereof;
(v) failure to follow instructions from a person authorized to give them pursuant to Section 1(d) above that is lawful and not inconsistent with the terms hereof; (vi) the Executive’s habitual drunkenness or habitual substance
abuse; (vii) civil or criminal violation of any state or federal government statute or regulation, or of any state or federal law relating to the workplace environment (including without limitation laws relating to sexual harassment or age, sex
or other prohibited discrimination), or any violation of any Company policy adopted in respect of any of the foregoing; or (viii) a failure by the Executive to meet the minimum objectives established in the annual “Memry Sharing Plan”
to receive any bonus pursuant to Section 3(b) above with respect to two consecutive fiscal years. A termination for Cause must be accompanied by a written notice to that effect. If the Executive’s employment is terminated by the Company
for Cause or by the Executive without Good Reason, the Executive shall be paid his base salary through the date of his termination and any unreimbursed business expenses in accordance with Section 3(e) hereof (the “Accrued
Obligations”). 

 (c) If the Executive dies, the Period of Employment shall terminate effective at the time of his death;
provided, however, that such termination shall not result in the loss of any benefit or rights which the Executive may have accrued through the date of his death. If the Period of Employment is terminated prior to the expiration of the
Term due to the Executive’s death, the Company shall make a severance payment to the Executive’s legal representatives equal to the Executive’s regular base salary payments through the end of the month in which such death occurs and
any Accrued Obligations. In addition, the Company shall make a severance payment to the Executive’s legal representatives equal to the Executive’s target bonus described in Section 3(b), pro rated for the portion of such fiscal year
completed prior to the Executive’s death; provided, however, that such pro rated portion of the Executive’s target bonus shall be paid to the Executive’s legal representatives following the completion of such fiscal year
at the time similar bonuses are paid to other employees of the Company. 
 (d) If the Executive becomes disabled, the Period of Employment may
be terminated, at the Company’s option, at the end of the calendar month during which his disability is determined; provided, however, that such termination shall not result in the loss of any benefits or rights which the Executive may have
accrued through the date of his disability. If the Period of Employment is terminated prior to the expiration of the Term due to the Executive’s disability, the Company shall make a severance payment to the Executive or his legal representative
equal to the Executive’s regular salary payments for a period of six (6) months from the date of such termination or, if sooner, until payments begin under any disability insurance policy maintained by the Company for the benefit of the
Executive. For the purposes of this section, the definition of “disability” shall be the same as the definition of a “permanent disability” contained in any long-term disability insurance policy maintained by the Company in
effect at the time of the purported disability, or last in effect, if no policy is then in effect. 
 (e) If the Executive’s Period of
Employment is terminated by the Executive for “Good Reason,” as hereinafter defined, or is terminated by the Company without cause (and the Company may terminate the Period of Employment without cause at any time) other than at the end of
the Term, then, in addition to the other rights to which the Executive is entitled upon a termination as provided for herein, the Executive shall also be entitled to a lump-sum payment equal to the sum of (i) 100% of the Executive’s annual
base salary, at the rate of salary in effect immediately prior to the effective date of such termination (without regard to any purported or attempted reduction of such rate by the Company), plus (ii) 100% of the Executive’s bonus
otherwise payable for the fiscal year during which termination occurs. For purposes of this Agreement, the term “Good Reason” shall mean: (i) the failure by the Company to observe or comply with any of the provisions of this Agreement
if such failure has not been cured within ten (10) days after written notice thereof has been given by the Executive to the Company; or (ii) at the election of the Executive, upon a Change in Control of the Company, as defined in
Section 10(f) (which election can be made at any time upon thirty (30) days’ prior written notice given within two (2) years following the date on which the Change in Control of the Company occurred) if, subsequent to such Change
in Control, there is a material diminution in the position, duties and/or responsibilities of the Executive. 
 9. Effect of
Termination. Upon termination of the Executive’s employment for any reason whatsoever, all rights and obligations of the parties under this Agreement shall cease, except that the Executive shall continue to be bound by the covenants set
forth in Sections 4, 5, 6 and 7 hereof, and the Company shall be bound to pay to the Executive accrued compensation, including salary and other benefits, to the date of termination and any severance payments which may be owed under the provisions of
Section 8 hereof. 

 10. Miscellaneous. 
 (a) This Agreement may not be assigned by the Executive. The Company may assign this Agreement in connection with a Change in Control the Company.

 (b) In the event that any provision of this Agreement is found by a court of competent jurisdiction to be invalid or unenforceable, such
provision shall be, and shall be deemed to be, modified so as to become valid and enforceable, and the remaining provisions of this Agreement shall not be affected. 
 (c) This Agreement shall be governed by and construed in accordance with the laws of the State of Connecticut. 
 (d) No modification of this Agreement shall be effective unless in a writing executed by both parties. 
 (e) This Agreement
constitutes the entire agreement of the parties with respect to the subject matter hereof, and supercedes all prior agreements, representations and promises by either party or between the parties, including without limitation, the Offer Letter.

 (f) For purposes of this Agreement, “Change in Control of the Company” shall mean: (i) any merger or consolidation or other
corporate reorganization of the Company in which the Company is not the surviving entity; or (ii) any sale of all or substantially all of the Company’s assets, in either a single transaction or a series of transactions; or (iii) a
liquidation of all or substantially all of the Company’s assets; or (iv) a change within one twelve-month period of a majority of the directors constituting the Company’s Board of Directors at the beginning of such twelve-month
period; or (v) if a single person or entity, or a related group of persons or entities, at any time acquires beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Securities Exchange Act of 1934, as amended) of 25% or
more of the Company’s outstanding voting securities; unless, (x) with respect to any event described in clauses (i) through (v), the Executive agrees in writing, prior to the consummation of the event giving rise to the Change in
Control of the Company, that such event or events does not for purposes of this Agreement constitute a Change in Control of the Company, or (y) with respect to clause (iv), the change of directors is approved by the Board of Directors as
constituted prior to such change. 
 (g) Section 409A. Payments in the event of a Termination of Employment, Disability, Change in
Control or Otherwise. 
 (1) Notwithstanding anything to the contrary contained herein, in the event that the Executive
constitutes a “specified employee” (within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) and becomes entitled to one or more payments hereunder on account of termination of
employment, to the extent such payments would otherwise be subject to the excise tax under Code Section 409A and are payable within the first six (6) months following a 

 termination of employment, such payments shall instead be made on the first day of the seventh month
following such termination of employment and any remaining payments shall be paid according to the schedule otherwise applicable to the payments. 
 (2) The parties hereto intend that this Agreement shall be in compliance with Code Section 409A and this Agreement shall be interpreted consistent therewith. Notwithstanding the foregoing, the Company shall not
be liable for any taxes, penalties, interest or other costs that may arise under Section 409A or otherwise.” 
 IN WITNESS WHEREOF,
the parties hereto have signed this Agreement as of the date first above written. 
  

			
	MEMRY CORPORATION
		
	By:	 	 /s/ Robert P. Belcher

	Name:	 	Robert P. Belcher
	Title:	 	Chief Executive Officer
	
	Dean Tulumaris:
	
	 /s/ Dean Tulumaris

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00110-of-00352.parquet"}]]