Document:

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                                                                    EXHIBIT 10.2

                       DIRECTOR NON-COMPETITION AGREEMENT

     This Director Non-Competition Agreement ("Non-Competition Agreement"),
dated as of August 19, 2008, is made by and among Bank of the San Juans
Bancorporation ("SJ Bancorp"), Bank of the San Juans ("SJ Bank"), Glacier
Bancorp, Inc. ("GBCI"), and the undersigned, each of whom is a non-employee
director of SJ Bancorp and SJ Bank. This Non-Competition Agreement takes effect
on the effective date of the proposed Merger (the "Effective Date") referenced
below.

                                    RECITALS

A.   SJ Bancorp has entered into a Plan and Agreement of Merger (the "Merger
     Agreement") dated as of the date hereof, with GBCI. Pursuant to the terms
     of the Merger Agreement, SJ Bancorp will merge with and into GBCI, and SJ
     Bank will become a wholly owned subsidiary of GBCI (the "Merger").

B.   The parties to this Non-Competition Agreement believe that the future
     success and profitability of GBCI and SJ Bank following the Merger require
     that existing non-employee directors of SJ Bank (the "Directors") not be
     affiliated in any substantial way with a Competing Business (as defined
     herein) for a reasonable period of time after closing of the Merger and/or
     termination of the Director's status as a director of SJ Bank.

                                    AGREEMENT

     In consideration of the parties' performance under the Merger Agreement,
the Directors agree as follows:

1.   DEFINITIONS. Capitalized terms not defined in this Non-Competition
     Agreement have the meaning assigned to those terms in the Merger Agreement.
     The following definitions also apply to this Non-Competition Agreement:

     a.   Competing Business. "Competing Business" means any financial
          institution or trust company (including without limitation, any
          start-up or other financial institution or trust company in formation)
          or holding company thereof that competes or will compete within the
          Covered Area with SJ Bank or any of GBCI's bank subsidiaries or
          affiliates.

     b.   Covered Area. "Covered Area" means the geographical area within La
          Plata County, Colorado or Archuleta County, Colorado.

     c.   Term. "Term" means the period of time beginning on the Effective Date
          and ending on the later of (i) three (3) years after the Effective
          Date or (ii) one year following termination of a Director's service on
          the Board of Directors of SJ Bank.

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2.   PARTICIPATION IN COMPETING BUSINESS. Except as provided in Section 5 or 6,
     during the Term, no Director may become involved with a Competing Business
     or serve, directly or indirectly, a Competing Business in any manner,
     including without limitation, (a) as a shareholder, member, partner,
     director, officer, manager, investor, organizer, founder, employee,
     consultant, agent, or representative, or (b) during the organization and
     pre-opening phases in the formation of a Competing Business.

3.   NO SOLICITATION. During the Term, no Director may, directly or indirectly,
     solicit or attempt to solicit (a) any employees of SJ Bank or any of GBCI's
     bank subsidiaries or affiliates to participate, as an employee or
     otherwise, in any manner in a Competing Business, or (b) any customers of
     SJ Bank or GBCI's subsidiaries or affiliates to transfer their business to
     a Competing Business. Solicitation prohibited under this section includes
     solicitation by any means, including, without limitation, meetings, letters
     or other mailings, electronic communications of any kind, and internet
     communications.

4.   CONFIDENTIAL INFORMATION. During and after the Term, the Directors will not
     disclose any confidential information of SJ Bancorp, SJ Bank, GBCI or
     GBCI's subsidiaries or affiliates obtained by such person except in
     accordance with a judicial or other governmental order.

5.   OUTSIDE COVERED AREA. Nothing in this Non-Competition Agreement prevents a
     Director from becoming involved with, as a shareholder, member, partner,
     director, officer, manager, investor, organizer, founder, employee,
     consultant, agent, representative, or otherwise, with a financial
     institution that has no operations in the Covered Area.

6.   PASSIVE INTEREST. Notwithstanding anything to the contrary contained
     herein, nothing in this Non-Competition Agreement will prevent a Director
     from owning 5% or less of any class of security of a Competing Business.

7.   REMEDIES. Any breach of this Non-Competition Agreement by a Director will
     entitle SJ Bank and/or GBCI, together with their successors and assigns, to
     injunctive relief and/or specific performance, as well as to any other
     legal or equitable remedies they may be entitled to.

8.   GOVERNING LAW, VENUE AND ENFORCEABILITY. This Non-Competition Agreement is
     governed by, and will be interpreted in accordance with, the laws of the
     State of Colorado. The parties must bring any legal proceeding arising out
     of this Non-Competition Agreement in the City and County of Denver,
     Colorado. If any court determines that the restrictions set forth in this
     Non-Competition Agreement are unenforceable, then the parties request such
     court to reform these provisions to the maximum restrictions, term, scope
     or geographical area that such court finds enforceable.

9.   INDIVIDUAL OBLIGATIONS. The obligations of each of the Directors under this
     Non-Competition Agreement are intended to be several and not joint.

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10.  COUNTERPARTS. The parties may execute this Non-Competition Agreement in one
     or more counterparts, including facsimile counterparts. All the
     counterparts will be construed together and will constitute one Agreement.

                      SIGNATURES APPEAR ON FOLLOWING PAGE.

                                       3

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This Director Non-Competition Agreement is executed as of August 19, 2008.

GLACIER BANCORP, INC.                   BANK OF THE SAN JUANS
                                        BANCORPORATION

By                                      By
   ----------------------------------      -------------------------------------
   Michael J. Blodnick                     Arthur C. Chase, Jr.
   President & Chief Executive             President & Chief Executive Officer
   Officer

                                        BANK OF THE SAN JUANS

                                        By
                                           -------------------------------------
                                           Arthur C. Chase, Jr.
                                           President & Chief Executive Officer

DIRECTORS:

-------------------------------------   ----------------------------------------
Thomas P. Berry                         Randy D. Burton

-------------------------------------   ----------------------------------------
John R. Hatch                           Thomas F. Melchior

-------------------------------------   ----------------------------------------
James E. Rockelmann                     Douglas Simonson

                                       4<PAGE>

                                                                    EXHIBIT 10.3

                              BANK OF THE SAN JUANS
                              EMPLOYMENT AGREEMENT
                              ARTHUR C. CHASE, JR.

     THIS EMPLOYMENT AGREEMENT (this "Agreement"), signed as of August 19, 2008,
between BANK OF THE SAN JUANS BANCORPORATION ("SJ Bancorp"), BANK OF THE SAN
JUANS (the "Bank") and Arthur C. Chase, Jr. ("Executive") and ratified by
GLACIER BANCORP, INC. ("GBCI"), takes effect on the effective date of the
pending Merger (the "Effective Date") referenced below.

                                    RECITALS

A.   SJ Bancorp has entered into a Plan and Agreement Merger (the "Merger
     Agreement") with GBCI, pursuant to which SJ Bancorp will merge with and
     into GBCI, and the Bank will become a wholly owned subsidiary of GBCI (the
     "Merger").

B.   Executive presently serves as President and Chief Executive Officer of SJ
     Bancorp and the Bank and will continue to do so until the Effective Date.

C.   GBCI and the Bank desire Executive to be employed by the Bank from and
     after the Effective Date, under the terms and conditions of this Agreement,
     and Executive desires to be employed by the Bank from and after the
     Effective Date, under the terms and conditions of this Agreement.

D.   This Agreement supercedes any and all other employment, change in control
     or similar agreements that may currently be in effect for Executive,
     including the Change in Control Severance Agreement, dated August 21, 2007
     (the "Change in Control Agreement").

                                    AGREEMENT

     In consideration of the promises set forth in this Agreement, the parties
     agree as follows.

1.   EMPLOYMENT; TITLE. The Bank agrees to employ Executive, and Executive
     accepts employment by the Bank on the terms and conditions set forth in
     this Agreement. Executive's title will be President and Chief Executive
     Officer of the Bank.

2.   EFFECTIVE DATE AND TERM.

     a.   Term. The term of this Agreement ("Term") commences on the Effective
          Date and expires on December 31, 2011.

     b.   Abandonment or Termination of the Merger. This Agreement is void if
          the Merger Agreement is terminated for any reason.

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3.   DUTIES. The Bank will employ Executive as its President and Chief Executive
     Officer. Executive will faithfully and diligently perform the duties
     assigned to him, which duties will be consistent with his title and
     position. Executive will report directly to GBCI's President and Chief
     Executive Officer. The Bank's or GBCI's board of directors may, from time
     to time, modify Executive's performance responsibilities to accommodate
     management objectives of the Bank or of GBCI. Executive will assume any
     additional positions, duties, and responsibilities as may reasonably be
     requested of him with or without additional compensation, as appropriate
     and consistent with his title and position.

4.   EXTENT OF SERVICES. Executive will devote all of his working time,
     attention and skill to the duties and responsibilities referenced in
     Section 3. To the extent that such activities do not interfere with his
     duties under Section 3, Executive may participate in other businesses as a
     passive investor, but (a) Executive may not actively participate in the
     operation or management of those businesses, and (b) Executive may not,
     without the Bank's prior written consent, make or maintain any investment
     in a business with which the Bank and/or GBCI has an existing competitive
     or commercial relationship.

5.   SALARY. Executive will receive an annualized salary of $183,750, which is
     the amount of Executive's annual salary as of the date of this Agreement.
     Executive's salary will be paid in accordance with the Bank's regular
     payroll schedule. Subsequent salary increases are subject to the Bank's
     annual review of Executive's compensation and performance. Executive will
     not receive additional compensation for his service on the Bank's board of
     directors.

6.   GBCI BANK PRESIDENT PLANS. In light of the Bank continuing Executive's
     annual salary at its pre-Effective Date amount, Executive will not
     participate in GBCI's Bank President Short-Term Incentive Plan or its Bank
     President Long-Term Incentive Plan.

7.   VACATION AND BENEFITS.

     a.   Vacation and Holidays. Executive will receive four weeks of paid
          vacation each year. Executive's ability to carry over or accumulate
          vacation will be governed by the Bank's and/or GBCI's applicable
          policies.

     b.   Benefits. Except as provided in Section 6, Executive will be entitled
          to participate in any group life insurance, disability, health and
          accident insurance plans, profit sharing plan and in other employee
          fringe benefit programs the Bank or GBCI may have in effect from time
          to time for its similarly situated employees, in accordance with and
          subject to any policies adopted by the Bank's or GBCI's board of
          directors with respect to the plans or programs, including without
          limitation, any incentive or employee stock option plan, deferred
          compensation plan and 401(k) plan. Neither the Bank nor GBCI through
          this Agreement obligates itself to make any particular benefits
          available to its employees.

     c.   Business Expenses. The Bank will reimburse Executive for ordinary and
          necessary expenses which are consistent with past practice at the Bank
          (including, without limitation, travel, entertainment, and similar
          expenses) and which are

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          incurred in performing and promoting the Bank's business. Executive
          will present from time to time itemized accounts of these expenses,
          subject to any limits of Bank policy or the rules and regulations of
          the Internal Revenue Service.

     d.   Automobile Lease. The Bank will continue to provide Executive with
          exclusive use of a Bank automobile, and Executive will maintain
          appropriate records with respect to such use for tax purposes.

     e.   Life Insurance Policy. The Bank will continue to pay premiums for the
          key man split life insurance policy covering Executive's life as of
          the date hereof.

8.   TERMINATION OF EMPLOYMENT.

     a.   Termination By Bank for Cause. If the Bank terminates Executive's
          employment for Cause (defined below) or Executive terminates his
          employment without Good Reason (defined below) before this Agreement
          terminates, the Bank will pay Executive the salary earned and expenses
          reimbursable under this Agreement incurred through the date of his
          termination. Executive will have no right to receive compensation or
          other benefits for any period after termination under this Section
          8(a).

     b.   Other Termination By Bank. If the Bank terminates Executive's
          employment without Cause before this Agreement terminates, or
          Executive terminates his employment for Good Reason, the Bank will pay
          Executive a lump sum payment equal to one times Executive's annual
          base salary at the time of termination (the "Termination Payment");
          provided, however, that if within six months following such
          termination of employment a Change in Control (defined below) of the
          Bank is announced or required by law to be announced, then upon
          consummation of such Change in Control, Executive shall receive the
          Change in Control Payment (defined below) less the amount of any
          Termination Payment already received.

     c.   Death or Disability. This Agreement terminates (1) if Executive dies
          or (2) if Executive is unable to perform his duties and obligations
          under this Agreement for a period of 90 consecutive days as a result
          of a physical or mental disability arising at any time during the term
          of this Agreement, unless with reasonable accommodation Executive
          could continue to perform his duties under this Agreement and making
          these accommodations would not pose an undue hardship on the Bank. If
          termination occurs under this Section 8(c), Executive or his estate
          will be entitled to receive all compensation and benefits earned and
          expenses reimbursable through the date Executive's employment
          terminated.

     d.   Change in Control. If, during the Term of this Agreement, GBCI or the
          Bank enters into an agreement for a Change in Control (defined below)
          of the Bank, or any party announces or is required by law to announce
          any such prospective Change in Control, and (i) the Bank or its
          successor in interest by merger, or its transferee in the event of a
          purchase in an assumption transaction (for reasons other than
          Executive's death, disability, or Cause) terminates Executive's

                                        3

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          employment, or (ii) Executive terminates his employment with the Bank
          for Good Reason following consummation of such Change in Control, then
          the Bank will pay Executive the Change in Control Payment (defined
          below).

          (1)  The term "Change in Control" means a change "in the ownership or
               effective control" or "in the ownership of a substantial portion
               of the assets" of GBCI or the Bank, within the meaning of Treas.
               Reg. Section 1.409A-3(i)(5).

          (2)  The term "Change in Control Payment" means the dollar amount
               equal to three times the sum of (a) Executive's salary for the
               calendar year prior to the Change in Control, plus (b) the annual
               bonus paid to Executive for the calendar year prior to the Change
               in Control, subject to adjustment as provided in paragraph (3)
               below.

          (3)  Notwithstanding anything in this Agreement to the contrary, if
               the total of the Change in Control Payment, together with any
               other payments or benefits received by Executive from the Bank or
               GBCI, will be an amount that would cause them to be a "parachute
               payment" within the meaning of Section 280G(b)(2)(A) of the
               Internal Revenue Code of 1986, as amended (the "Parachute Payment
               Amount"), then the Change in Control Payment shall be reduced so
               that the total amount thereof is $1 less than the Parachute
               Payment Amount.

          (4)  Executive's right to receive the Change in Control Payment
               terminates (a) immediately, if before the Change in Control
               transaction closes, Executive terminates his employment without
               Good Reason, or the Bank terminates Executive's employment for
               Cause, or (b) upon expiration of this Agreement.

     e.   Return of Bank Property. If and when Executive ceases, for any reason,
          to be employed by the Bank, Executive must return to the Bank all
          keys, pass cards, identification cards and any other property of the
          Bank or GBCI. At the same time, Executive also must return to the Bank
          all originals and copies (whether in hard copy, electronic or other
          form) of any documents, drawings, notes, memoranda, designs, devices,
          diskettes, tapes, manuals, and specifications which constitute
          proprietary information or material of the Bank or GBCI. The
          obligations in this paragraph include the return of documents and
          other materials that may be in his desk at work, in his car, in place
          of residence, or in any other location under his control.

     f.   Cause. "Cause" means any one or more of the following:

          (1)  Willful misfeasance or gross negligence in the performance of
               Executive's duties;

          (2)  Conviction of a crime in connection with his duties; or

                                        4

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          (3)  Conduct demonstrably and significantly harmful to the Bank, as
               reasonably determined on the advice of legal counsel by the
               Bank's board of directors, which conduct has not been remedied
               within a reasonable period of time after Executive's receipt of
               written notice from the Bank setting forth in reasonable detail
               the conduct alleged to constitute "Cause" for termination
               hereunder.

     g.   Good Reason. "Good Reason" means only any one or more of the
          following:

          (1)  Reduction of Executive's salary or reduction or elimination of
               any compensation or benefit plan benefiting Executive, unless the
               reduction or elimination is generally applicable to substantially
               all Bank employees (or employees of a successor or controlling
               entity of the Bank) formerly benefited;

          (2)  The assignment to Executive without his consent of any authority
               or duties, or a reduction in Executive's authority or duties, in
               either case materially inconsistent with Executive's position as
               of the date of this Agreement;

          (3)  A relocation or transfer of Executive's principal place of
               employment that would require Executive to commute on a regular
               basis more than thirty (30) miles each way from the Bank's
               present main office location.

     h.   Resignation from Board. If Executive's employment terminates for any
          reason, then Executive shall immediately tender his resignation from
          the board of directors of the Bank and any committees thereof.

     i.   Payment of Obligations. In the event of any dispute concerning
          Executive's termination or whether Executive otherwise is entitled to
          any payment under this Agreement then unless and until there is a
          final resolution of the dispute (pursuant to Section 13) in favor of
          the Bank, the Bank shall pay all amounts and provide all benefits to
          Executive that the Bank would be required to pay; provided, however,
          that the Bank shall not be required to pay any disputed amounts
          pursuant to this Section except upon receipt of an undertaking or
          security by or on behalf of the Executive (in such form and amount
          satisfactory to the Bank in its reasonable discretion) to repay all
          such amounts to which Executive may be ultimately adjudged not to be
          entitled.

     j.   COBRA Coverage. Upon termination of his employment with the Bank,
          Executive will be entitled to benefits under the Consolidated Omnibus
          Budget Reconciliation Act of 1985 ("COBRA"). Executive shall be
          responsible for making payments for such COBRA benefits.

9.   CONFIDENTIALITY. Executive will not, after the date this Agreement was
     signed, including during and after its Term, use for his own purposes or
     disclose to any other person or entity any confidential business
     information concerning SJ Bancorp, the Bank or GBCI

                                        5

<PAGE>

     or their business operations, unless (1) the Bank or GBCI consents to the
     use or disclosure of their respective confidential information; (2) the use
     or disclosure is consistent with Executive's duties under this Agreement;
     (3) disclosure is required by law or court order; or (4) the information is
     made or otherwise becomes public. For purposes of this Agreement,
     confidential business information includes, without limitation, various
     confidential information concerning all aspects of current and future
     operations, nonpublic information on investment management practices,
     marketing plans, pricing structure and technology of either the Bank or
     GBCI. Executive will also treat the terms of this Agreement as confidential
     business information.

10.  RESTRICTIVE COVENANTS.

     a.   Competitive Activities. During the period of his employment and for
          one year after Executive's employment with the Bank has ended,
          Executive will not, directly or indirectly, as a founder, shareholder,
          director, officer, employee, partner, agent, consultant, lessor,
          creditor or otherwise, provide management, supervisory or other
          similar services to any person or entity engaged in any business
          within La Plata County, Colorado or Archuleta County, Colorado, that
          is competitive with the business of the Bank or GBCI as conducted
          during the term of this Agreement or as conducted as of the date of
          termination of employment, including any preliminary steps associated
          with the formation of a new financial institution; provided, however,
          that this Section 10(a) shall not apply, and Executive shall not be
          subject to the provisions of this Section 10(a), if Executive's
          employment with the Bank ends upon or following expiration of this
          Agreement.

     b.   Non-Interference. During the period of his employment and for one year
          after Executive's employment with the Bank has ended, Executive will
          not, directly or indirectly, persuade or entice, or attempt to
          persuade or entice, (i) any employee of the Bank or GBCI to terminate
          his/her employment with the Bank or GBCI, or (ii) any person or entity
          to terminate, cancel, rescind or revoke its business or contractual
          relationships with the Bank or GBCI.

11.  ENFORCEMENT.

     a.   The Bank and Executive stipulate that, in light of all of the facts
          and circumstances of the relationship between Executive and the Bank,
          the agreements referred to in Sections 9 and 10 (including without
          limitation their scope, duration and geographic extent) are fair and
          reasonably necessary for the protection of the Bank's and GBCI's
          confidential information, goodwill and other protectable interests. If
          a court of competent jurisdiction should decline to enforce any of
          those covenants and agreements, Executive and the Bank request the
          court to reform these provisions to restrict Executive's use of
          confidential information and Executive's ability to compete with the
          Bank and GBCI to the maximum extent, in time, scope of activities, and
          geography, the court finds enforceable.

                                        6

<PAGE>

     b.   Executive acknowledges the Bank and GBCI will suffer immediate and
          irreparable harm that will not be compensable by damages alone if
          Executive repudiates or breaches any of the provisions of Sections 9
          or 10 or threatens or attempts to do so. For this reason, under these
          circumstances, the Bank, in addition to and without limitation of any
          other rights, remedies or damages available to it at law or in equity,
          will be entitled to obtain temporary, preliminary and permanent
          injunctions in order to prevent or restrain the breach, and the Bank
          will not be required to post a bond as a condition for the granting of
          this relief.

12.  COVENANTS. Executive specifically acknowledges the receipt of adequate
     consideration for the covenants contained in Sections 9 and 10 and that the
     Bank is entitled to require him to comply with these Sections. These
     Sections will survive termination of this Agreement. Executive represents
     that if his employment is terminated, whether voluntarily or involuntarily,
     Executive has experience and capabilities sufficient to enable Executive to
     obtain employment in areas which do not violate this Agreement and that the
     Bank's enforcement of a remedy by way of injunction will not prevent
     Executive from earning a livelihood.

13.  ARBITRATION.

     a.   Arbitration. At either party's request, the parties must submit any
          dispute, controversy or claim arising out of or in connection with, or
          relating to, this Agreement or any breach or alleged breach of this
          Agreement, to arbitration under the American Arbitration Association's
          rules then in effect (or under any other form of arbitration mutually
          acceptable to the parties). A single arbitrator agreed on by the
          parties will conduct the arbitration. If the parties cannot agree on a
          single arbitrator, each party must select one arbitrator and those two
          arbitrators will select a third arbitrator. This third arbitrator will
          hear the dispute. The arbitrator's decision is final (except as
          otherwise specifically provided by law) and binds the parties, and
          either party may request any court having jurisdiction to enter a
          judgment and to enforce the arbitrator's decision. The arbitrator will
          provide the parties with a written decision naming the substantially
          prevailing party in the action. This prevailing party is entitled to
          reimbursement from the other party for its costs and expenses,
          including reasonable attorneys' fees.

     b.   Governing Law. All proceedings will be held at a place designated by
          the arbitrator in the City and County of Denver, Colorado. The
          arbitrator, in rendering a decision as to any state law claims, will
          apply Colorado law.

     c.   Exception to Arbitration. Notwithstanding the above, if Executive
          violates Section 9 or 10, the Bank will have the right to initiate the
          court proceedings described in Section 11(b), in lieu of an
          arbitration proceeding under this Section 13.

                                        7

<PAGE>

14.  MISCELLANEOUS PROVISIONS.

     a.   Entire Agreement. This Agreement constitutes the entire understanding
          and agreement between the parties concerning its subject matter and
          supersedes all prior agreements, correspondence, representations, or
          understandings between the parties relating to its subject matter.
          This Agreement supersedes and replaces in its entirety the Change in
          Control Agreement.

     b.   Binding Effect. This Agreement will bind and inure to the benefit of
          the Bank's, GBCI's and Executive's heirs, legal representatives,
          successors and assigns.

     c.   Litigation Expenses. If either party successfully seeks to enforce any
          provision of this Agreement or to collect any amount claimed to be due
          under it, this party will be entitled to reimbursement from the other
          party for any and all of its out-of-pocket expenses and costs
          including, without limitation, reasonable attorneys' fees and costs
          incurred in connection with the enforcement or collection.

     d.   Waiver. Any waiver by a party of its rights under this Agreement must
          be written and signed by the party waiving its rights. A party's
          waiver of the other party's breach of any provision of this Agreement
          will not operate as a waiver of any other breach by the breaching
          party.

     e.   Assignment. The services to be rendered by Executive under this
          Agreement are unique and personal. Accordingly, Executive may not
          assign any of his rights or duties under this Agreement.

     f.   Amendment. This Agreement may be modified only through a written
          instrument signed by both parties.

     g.   Severability. The provisions of this Agreement are severable. The
          invalidity of any provision will not affect the validity of other
          provisions of this Agreement.

     h.   Governing Law and Venue. This Agreement will be governed by and
          construed in accordance with Colorado law, except to the extent that
          certain regulatory matters may be governed by federal law. The parties
          must bring any legal proceeding arising out of this Agreement in the
          City and County of Denver, Colorado.

     i.   Counterparts. This Agreement may be executed in one or more
          counterparts, each of which will be deemed an original, but all of
          which taken together will constitute one and the same document.

     j.   Counsel Review. Executive acknowledges that he has consulted with
          independent counsel with respect to the negotiation, preparation, and
          execution of this Agreement.

     k.   IRC Section 409A. The provisions of this Agreement are intended to
          comply

                                        8

<PAGE>

          with Section 409A of the U.S. Internal Code of 1986, as amended, U.S.
          Treasury regulations issued thereunder, and related U.S. Internal
          Revenue Service guidance ("409A Rules"). Such provisions will be
          interpreted and applied in a manner consistent with the 409A Rules so
          that payments and benefits provided to Executive hereunder will not,
          to the greatest extent possible, be subject to taxation under such
          Section 409A. Notwithstanding any contrary provisions hereof, this
          Agreement may be amended if and to the extent GBCI and/or the Bank
          determines that such amendment is necessary to comply with the 409A
          Rules.

                      [SIGNATURES APPEAR ON FOLLOWING PAGE]

                                        9

<PAGE>

     This Employment Agreement is executed as of August 19, 2008.

                                        BANK OF THE SAN JUANS BANCORPORATION:

                                        By /s/ Thomas F. Melchior
                                           -------------------------------------
                                           Thomas F. Melchior
                                        Its: Chairman

                                        BANK OF THE SAN JUANS:

                                        By /s/ Thomas F. Melchior
                                           -------------------------------------
                                           Thomas F. Melchior
                                        Its: Chairman

                                        EXECUTIVE:

                                        /s/ Arthur C. Chase, Jr.
                                        ----------------------------------------
                                        Arthur C. Chase, Jr.

     Ratified as of August 19, 2008:

                                        GLACIER BANCORP, INC.

                                        By /s/ Michael J. Blodnick
                                           -------------------------------------
                                           Michael J. Blodnick
                                        Its: President & Chief Executive Officer

                                       10

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