Document:

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                                                                   EXHIBIT 10.10

                            KINROSS GOLD CORPORATION

                            DEFERRED SHARE UNIT PLAN

                               SEPTEMBER 30, 2003

                                   ARTICLE ONE

                         DEFINITIONS AND INTERPRETATION

Section 1.01  DEFINITIONS: For purposes of the Deferred Share Unit Plan, unless
such word or term is otherwise defined herein or the context in which such word
or term is used herein otherwise requires, the following words and terms with
the initial letter or letters thereof capitalized shall have the following
meanings:

       (a)    "Act" means the BUSINESS CORPORATIONS ACT (Ontario) or its
              successor, as amended from time to time;

       (b)    "Board" means the board of directors of the Corporation;

       (c)    "Committee" means the Directors or if the Directors so determine
              in accordance with Section 2.03 of the Deferred Share Unit Plan,
              the committee of the Directors authorized to administer the
              Deferred Share Unit Plan which includes the Compensation Committee
              of the Board;

       (d)    "Common Shares" means the common shares of the Corporation;

       (e)    "Corporation" means Kinross Gold Corporation, a corporation
              incorporated under the Act;

       (f)    "Deferred Share Unit" means the right to receive a DSU Payment
              evidenced by way of book-keeping entry in the books of the
              Corporation and administrated pursuant to the Deferred Share Unit
              Plan, the value of which, on a particular date, shall be equal to
              the Market Value at that date;

       (g)    "Deferred Share Unit Plan" means the deferred share unit plan
              described in Article Three hereof;

       (h)    "Designated Affiliate" means an affiliate of the Corporation
              designated by the Committee for purposes of the Deferred Share
              Unit Plan from time to time;

       (i)    "Directors" means the members of the Board from time to time;

       (j)    "Director's Remuneration" means all amounts payable to an Eligible
              Director by the Corporation in respect of the services provided to
              the Corporation by the

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              Eligible Director as a member of the Board or as a member of the
              board of directors of a Designated Affiliate in a Quarter,
              including:

              (i)    the quarterly base retainer fee for serving as a director;

              (ii)   the quarterly retainer fee for serving as a member of a
                     board committee; and

              (iii)  the quarterly retainer fee for chairing the board or a
                     board committee.

              but, for greater certainty, excluding amounts received by an
              Eligible Director as a reimbursement for expenses incurred in
              attending meetings;

       (k)    "DSU Grant Letter" has the meaning ascribed thereto in Section
              3.04;

       (l)    "DSU Issue Date" means the date in each Quarter, which is two
              business days following the publication by the Corporation of its
              earning results for the previous Quarter (or the previous
              financial year in the case of the first Quarter), or such other
              date recommended by the Committee and confirmed by the Board from
              time to time.

       (m)    "DSU Payment" means a cash payment by the Corporation to a
              Participant equal to the Market Value of a Common Share on the
              Separation Date multiplied by the number of Deferred Share Units
              held by the Participant on the Separation Date;

       (n)    "Entitlement" has the meaning ascribed thereto in section 3.02;

       (o)    "Eligible Directors" means the Directors and the directors of the
              board of any Designated Affiliate of the Corporation from time to
              time;

       (p)    "NYSE" means the New York Stock Exchange;

       (q)    "Market Value" means the greater of either: (a) the weighted
              average trading price; or (b) the average of daily high and low
              board lot trading prices of the Common Shares for non-United
              States residents on the TSX for the five (5) consecutive trading
              days immediately prior to the date as of which Market Value is
              determined. If the Common Shares are not trading on the TSX, then
              the Market Value shall be determined based on the trading price on
              such stock exchange or over-the-counter market on which the Common
              Shares are listed and posted for trading as may be selected for
              such purpose by the Committee. In the event that the Common Shares
              are not listed and posted for trading on any stock exchange or
              over-the-counter market, the Market Value shall be the fair market
              value of such Common Shares as determined by the Committee in its
              sole discretion;

       (r)    "Participant" for the Deferred Share Unit Plan means each Eligible
              Director to whom Deferred Share Units are issued;

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                                      -3-

       (s)    "Quarter" means: a fiscal quarter of the Corporation, which, until
              changed by the Corporation, shall be the three-month period ending
              March 31, June 30, September 30 or December 31 in any calendar
              year;

       (t)    "Separation Date" means the date that a Participant ceases to be
              an Eligible Director for any reason whatsoever, including death,
              of the Eligible Director. For this purpose, a Participant who is
              an Eligible Director by virtue of his or her status as a Director
              of an entity that is a Designated Affiliate shall cease to be an
              Eligible Director on the date that entity ceases to be an
              affiliate of the Corporation;

       (u)    "Stock Exchanges" means collectively, the TSX and the NYSE; and

       (v)    "TSX" means The Toronto Stock Exchange.

Section 1.02  SECURITIES DEFINITIONS: In the Deferred Share Unit Plan, the term
"affiliate", shall have the meanings given to such terms in the SECURITIES ACT
(Ontario).

Section 1.03  HEADINGS: The headings of all articles, Sections, and paragraphs
in the Deferred Share Unit Plan are inserted for convenience of reference only
and shall not affect the construction or interpretation of the Deferred Share
Unit Plan.

Section 1.04  CONTEXT, CONSTRUCTION: Whenever the singular or masculine are used
in the Deferred Share Unit Plan, the same shall be construed as being the plural
or feminine or neuter or vice versa where the context so requires.

Section 1.05  REFERENCES TO THIS DEFERRED SHARE UNIT PLAN: The words "hereto",
"herein", "hereby", "hereunder", "hereof" and similar expressions mean or refer
to the Deferred Share Unit Plan as a whole and not to any particular article,
Section, paragraph or other part hereof.

Section 1.06  CANADIAN FUNDS: Unless otherwise specifically provided, all
references to dollar amounts in the Deferred Share Unit Plan are references to
lawful money of Canada.

                                   ARTICLE TWO

             PURPOSE AND ADMINISTRATION OF THE RESTRICTED SHARE PLAN

Section 2.01  PURPOSE OF THE DEFERRED SHARE UNIT PLAN: The purpose of the
Deferred Share Unit Plan is to strengthen the alignment of interests between the
Eligible Directors and the shareholders of the Corporation by linking portion of
annual director compensation to the future value of the Common Shares. In
addition, the Deferred Share Unit Plan has been adopted for the purpose of
advancing the interests of the Corporation through the motivation, attraction
and retention of directors of the Corporation and the Designated Affiliates of
the Corporation, it being generally recognized that deferred share unit plans
aid in attracting, retaining and encouraging director commitment and performance
due to the opportunity offered to them to receive compensation in line with the
value of the Common Shares.

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Section 2.02  ADMINISTRATION OF THE DEFERRED SHARE UNIT PLAN: The Deferred Share
Unit Plan shall be administered by the Committee and the Committee shall have
full discretionary authority to administer the Deferred Share Unit Plan
including the authority to interpret and construe any provision of the Deferred
Share Unit Plan and to adopt, amend and rescind such rules and regulations for
administering the Deferred Share Unit Plan as the Committee may deem necessary
in order to comply with the requirements of the Deferred Share Unit Plan. All
actions taken and all interpretations and determinations made by the Committee
in good faith shall be final and conclusive and shall be binding on the
Participants and the Corporation. No member of the Committee shall be personally
liable for any action taken or determination or interpretation made in good
faith in connection with the Deferred Share Unit Plan and all members of the
Committee shall, in addition to their rights as Directors, be fully protected,
indemnified and held harmless by the Corporation with respect to any such action
taken or determination or interpretation made. The appropriate officers of the
Corporation are hereby authorized and empowered to do all things and execute and
deliver all instruments, undertakings and applications and writings as they, in
their absolute discretion, consider necessary for the implementation of the
Deferred Share Unit Plan and of the rules and regulations established for
administering the Deferred Share Unit Plan. All costs incurred in connection
with the Deferred Share Unit Plan shall be for the account of the Corporation.

Section 2.03  DELEGATION TO COMMITTEE: All of the powers exercisable hereunder
by the Directors may, to the extent permitted by applicable law and as
determined by resolution of the Directors, be exercised by a committee of the
Directors comprised of not less than three (3) Directors, including any
compensation committee of the board of directors of the Corporation.

Section 2.04  RECORD KEEPING: The Corporation shall maintain a register in which
shall be recorded:

       (a)    the name and address of each Participant in the Deferred Share
              Unit Plan;

       (b)    the number of Deferred Share Units granted to each Participant
              under the Deferred Share Unit Plan; and

       (c)    the date and price at which Deferred Share Units were granted.

                                  ARTICLE THREE

                            DEFERRED SHARE UNIT PLAN

Section 3.01  DEFERRED SHARE UNIT PLAN: A Deferred Share Unit Plan is hereby
established for Eligible Directors.

Section 3.02  PARTICIPANTS: The Committee shall grant and issue to each Eligible
Director on each DSU Issue Date, that number of Deferred Share Units having a
value equal to 50% of the Director's Remuneration payable to such Eligible
Director for the current Quarter (the "Entitlement"). More specifically, the
number of Deferred Share Units to be granted to an

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Eligible Director will be determined by dividing the Entitlement by the closing
price for a Common Share on the TSX on the business day immediately preceding
the DSU Issue Date.

Section 3.03  REDEMPTION: Each Deferred Share Unit held by a Participant who
ceases to be an Eligible Director shall be redeemed by the Corporation on the
relevant Separation Date for a DSU Payment to be made to the Participant on such
date as the Corporation determines not later than 60 days after the Separation
Date without any further action on the part of the holder of the Deferred Share
Unit in accordance with this Article Three.

Section 3.04  DEFERRED SHARE UNIT LETTER: Each grant of Deferred Share Units
under the Deferred Share Unit Plan shall be evidenced by a letter of the
Corporation ("DSU Grant Letter"). Such Deferred Share Units shall be subject to
all applicable terms and conditions of the Deferred Share Unit Plan and may be
subject to any other terms and conditions which are not inconsistent with the
Deferred Share Unit Plan and which the Committee deems appropriate for inclusion
in a DSU Grant Letter. The provisions of the various DSU Grant Letters entered
into under the Deferred Share Unit Plan need not be identical, and may vary from
Quarter to Quarter and from Participant to Participant.

Section 3.05  DIVIDENDS: In the event that a dividend (other than stock
dividend) is declared and paid by the Corporation on Common Shares, a
Participant will be credited with additional Deferred Share Units. The number of
such additional Deferred Share Units will be calculated by dividing the total
amount of the dividends that would have been paid to the Participant if the
Deferred Share Units in the Participant's account on the dividend record date
had been outstanding Common Shares (and the Participant held no other Common
Shares), by the closing price of a Common Share on the TSX on the date on which
the dividends were paid on the Common Shares.

Section 3.06  TERM OF THE DEFERRED SHARE UNIT PLAN: The Deferred Share Unit
Plan, as set forth herein, shall be deemed to become effective as of September
30, 2003. The Deferred Share Unit Plan shall remain in effect until it is
terminated by the Board of Directors. Upon termination of the Plan, the
Corporation shall redeem all remaining Deferred Share Units under Section 3.03
above, applied as if the Separation Date of all remaining Participants was the
date the Board of Directors terminated the Plan.

                                  ARTICLE FOUR

                                WITHHOLDING TAXES

Section 4.01  WITHHOLDING TAXES: The Corporation or any Designated Affiliate of
the Corporation may take such steps as are considered necessary or appropriate
for the withholding of any taxes which the Corporation or any Designated
Affiliate of the Corporation is required by any law or regulation of any
governmental authority whatsoever to withhold, without limiting the generality
of the foregoing, the withholding of all or any portion of any payment to be
made under the Deferred Share Unit Plan, until such time as the Participant has
paid the Corporation or any Designated Affiliate of the Corporation for any
amount which the Corporation or Designated Affiliate of the Corporation is
required to withhold with respect to such taxes.

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                                      -6-

                                  ARTICLE FIVE

                                     GENERAL

Section 5.01  AMENDMENT OF DEFERRED SHARE UNIT PLAN: The Committee may from time
to time in the absolute discretion of the Committee amend, modify and change the
provisions of the Deferred Share Unit Plan, provided that any amendment,
modification or change to the provisions of the Deferred Share Unit Plan which
would:

       (a)    materially increase the benefits under the Deferred Share Unit
              Plan;

       (b)    materially modify the requirements as to eligibility for
              participation in the Deferred Share Unit Plan; or

       (c)    terminate the Deferred Share Unit Plan.

shall only be effective upon such amendment, modification or change being
approved by the Board, and, if required, by the Stock Exchanges and any other
regulatory authorities having jurisdiction over the Corporation.

Section 5.02  NON-ASSIGNABLE: Except as otherwise may be expressly provided for
under this Deferred Share Unit Plan or pursuant to a will or by the laws of
descent and distribution, no Deferred Share Unit and no other right or interest
of a Participant is assignable or transferable, and any such assignment or
transfer in violation of this Deferred Share Unit Plan shall be null and void.

Section 5.03  RIGHTS AS A SHAREHOLDER AND DIRECTOR: No holder of any Deferred
Share Units shall have any rights as a shareholder of the Corporation at any
time. Nothing in the Plan shall confer on any Eligible Director the right to
continue as a Director of the Corporation or as a director of any Designated
Affiliate or interfere with right to remove such director.

Section 5.04  ADJUSTMENT IN NUMBER OF PAYMENTS SUBJECT TO THE DEFERRED SHARE
UNIT PLAN: In the event there is any change in the Common Shares, whether by
reason of a stock dividend, stock split, reverse stock split, consolidation,
subdivision, reclassification or otherwise, an appropriate proportionate
adjustment shall be made by the Committee with respect to the number of Deferred
Share Units then outstanding under the Deferred Share Unit Plan as the
Committee, in its sole discretion, may determine to prevent dilution or
enlargement of rights.

All such adjustments, as determined by the Committee, shall be conclusive, final
and binding for all purposes of the Deferred Share Unit Plan.

Section 5.05  NO REPRESENTATION OR WARRANTY: The Corporation makes no
representation or warranty as to the future value of any rights under Deferred
Share Units issued in accordance with the provisions of the Deferred Share Unit
Plan. No amount will be paid to, or in respect of, an Eligible Director under
this Deferred Share Unit Plan or pursuant to any other arrangement,

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                                      -7-

and no additional Deferred Share Units will be granted to such Eligible Director
to compensate for a downward fluctuation in the price of the Common Shares, nor
will any other form of benefit be conferred upon, or in respect of, an Eligible
Director for such purpose.

Section 5.06  COMPLIANCE WITH APPLICABLE LAW: If any provision of the Deferred
Share Unit Plan or any Deferred Share Unit contravenes any law or any order,
policy, by-law or regulation of any regulatory body having jurisdiction, then
such provision shall be deemed to be amended to the extent necessary to bring
such provision into compliance therewith.

Section 5.07  INTERPRETATION: This Deferred Share Unit Plan shall be governed by
and construed in accordance with the laws of the Province of Ontario.

Section 5.08  UNFUNDED BENEFIT: All DSU Payments to be made constitute unfunded
obligations of the Corporation payable solely from its general assets and
subject to the claims of its creditors. The Corporation has not established any
trust or separate fund to provide for the payment of benefits hereunder.Exhibit 10.2(h)

 EXHIBIT 10.2(h) 
  
 THIS EMPLOYMENT AGREEMENT made and entered into this 19th day of April, 2004 between Bank of Louisa, N.A., a
national banking association, (“Employer”) and George D. Yancey (“Employee”). 
  
 WHEREAS, Employer is a national banking association with its headquarters located in Louisa County, Virginia (“Bank”); and, 

 
 WHEREAS, Employee has agreed to serve as President & Chief
Executive Officer of the Bank; and, 
  
 WHEREAS, the
parties wish to establish the terms and conditions of Employee’s employment. 
  
 NOW, THEREFORE, in consideration of the promises and the mutual covenants and agreements set forth herein, the parties hereby agree as follows: 
  
 1. RELATIONSHIP AND DUTIES BETWEEN THE PARTIES. 
  
 1.1 Bank of Louisa, N.A. 
  
 Employer agrees to employ Employee on the effective date of this Agreement as President & Chief Executive Officer of the Bank, and to perform such
services and duties as the board of directors of the Bank may, from time to time, designate during the term hereof. Subject to the terms and conditions hereof, Employee will perform such duties and exercise such authority as are customarily
performed and exercised by persons holding such office, subject to the direction of the Chairman and the Bank’s Board of Directors (“Bank Board”). 
  
 1.1.2 Employee shall serve on the Bank Board and as a member of its Executive Committee and such other committees as the
Bank Board may designate, subject to the terms hereof. 
  
 1.2 Employee Undertakings. 
  
 1.2.1 Employee accepts
such employment and shall devote his full time, attention, and best efforts to the diligent performance of his duties herein specified and as an officer of the Bank. While employed by Employer, the Employee will not, without the prior express
consent of the Chairman of the board of directors, accept employment with any other individual, corporation, partnership, governmental authority or other entity, or engage in any other venture for profit which Employer or the Bank Board may consider
to be in conflict with the best interests of the Bank or to be in competition with the Bank, or which may interfere in any way with the Employee’s performance of his duties hereunder. It is understood that Employee does have the right to
participate in passive 

 investments including income producing real estate that do not conflict with the interest of the Bank. 
  
 1.2.2 Employer shall not require the Employee, as a part of his duties, to
perform or to participate in any activity which constitutes a violation of any state or federal law, rule, ordinance or regulation. 
  
 2. DEFINITIONS. 
  
 2.1 “Complete disability” shall mean the inability of Employee, due to illness, accident, or any other physical or mental incapacity, completely
to fulfill his obligations hereunder for an aggregate of ninety (90) days within any period of 180 consecutive days during the term hereof. 
  
 2.2 “Cause” shall include, without limitation: dishonesty; theft; conviction of a crime, which is either (a) a felony, or (b) a misdemeanor
involving moral turpitude or financial impropriety; unethical business conduct; activity which is contrary to the Bank’s interests; gross or repeated negligence in carrying out Employee’s duties; or material violation of Employee’s
obligations hereunder after having given employee written notice of the Cause asserted and thirty (30) days to cure. 
  
 2.3 “Employer” shall be deemed synonymous with the terms “Bank” or “Bank Board”, whenever the context so requires.

  
 3. TERMS OF EMPLOYMENT 
  
 3.1 Term. 
  
 3.1.1 The term of Employee’s employment with the Bank shall be for
three (3) years from the effective date of this agreement (the “Term”); provided, however, the Bank may, at its option and in its sole discretion, not later than 30 days prior to the end of the Term, renew the Term for an additional,
successive two (2) year period (the “Renewal Term”) subject to the same terms and conditions as are applicable during the initial Term, and subject to such appropriate increases in salary and other benefits as the parties may agree upon,
unless terminated earlier pursuant to the terms hereof. 
  
 3.1.2 Employee’s employment pursuant to this Agreement shall be terminated by the first to occur of any of the following: 
  
 3.1.2.1 The death of Employee; 
  
 3.1.2.2 The complete disability of Employee, 
  
 Notwithstanding the foregoing, the Bank may terminate the Employee’s employment with the Bank with Cause (subject to the definition in 2.2) upon
written 

 notice to the Employee. Discharge for “Cause” will require a two-thirds majority vote of the Bank Board,
exclusive of the Employee. 
  
 3.2 Termination Without Cause.
Employee shall serve at the pleasure of the Bank Board. Employer may terminate this Agreement without cause at any time upon an affirmative vote of two-thirds (2/3) of all members of the Bank Board, whether or not in attendance at the meeting or
voting upon the issue. In the event of such termination without Cause by Employer, Employee shall be paid a severance payment equal to Employee’s annual base salary in effect at the time of termination. Such severance pay shall be paid in a
lump sum, less applicable tax withholdings, not later than thirty (30) days following the effective date of termination. Employee shall not be entitled to any performance bonus for the year of termination, except as may be awarded in the sole
discretion of the Bank Board. 
  
 4. COMPENSATION

  
 For all services which Employee may render to Employer
during the term hereof, Employer shall pay to Employee, subject to such deductions as may be required by law, according to the schedule set out below: 
  
 4.1 Base Salary and Performance Bonus. From the effective date hereof, Employee shall receive for the term of this Agreement a salary based on an annual
rate of $110,000, payable in equal semi-monthly installments, subject to such deductions as may be required by law. In addition, the Employee shall be paid an Automobile Allowance of $500 per month. The Employee will receive performance reviews at
least annually at the end of each fiscal year from the Chairman of the Bank Board, and the Employee’s base salary may be increased but not decreased at the sole discretion of the Bank Board. Furthermore, Employee shall be entitled to an annual
monetary performance bonus that is commensurate with the Employee’s performance for the calendar year earned, and payable no later than January 15th of each year. 
  
 4.2 Change of Control. In addition, in the event of a Change of Control (as defined below) of the Bank’s parent company during the term of this Agreement or any renewals thereof and Employee’s employment terminates for any reason
within one (1) year of such action, Employee shall be entitled to a severance pay equal to three times his annual salary in effect at that time. Change of Control shall mean (A) the acquisition of the Bank’s parent company by another Person (as
defined below) by means of any transaction or series of related transactions (including without limitation any reorganization, share exchange, merger or consolidation, whether of the Bank’s parent company with or into any other Person or
Persons or of any other Person or Persons with or into the Bank’s parent company, but excluding any merger effected exclusively for the purpose of changing the domicile of the Bank’s parent company and excluding any share exchange,
consolidation or merger following which the stockholders of the Bank’s parent company who immediately prior to such share exchange, consolidation or merger held more than 50% of the equity (or voting power) of the Bank’s parent company
hold more than 50% 

 of the equity (or voting power)of the entity surviving such share exchange, consolidation or merger or
any entity controlling such surviving entity; (B) the sale or transfer by the Bank’s parent company of all or substantially all its assets; or (C) a transaction or series of transactions in which a Person or group of Persons (other than an
existing shareholder of the Bank’s parent company or any Affiliate (as defined below) thereof directly or indirectly acquires beneficial ownership of more than 50% of the voting power of the Bank’s parent company but excluding any
registered offerings of the stock of the Bank’s parent company. Person shall mean an individual, corporation, partnership, association, trust, limited liability company or any other entity or organization. Affiliate shall mean, with respect to
any Person, any other Person controlling, controlled by or under common control with such Person. The severance payment due pursuant to this Paragraph 4.2 shall be in lieu of any severance payment which may be due Employee pursuant to any other
provision of this Agreement. It is the intention of the Parties that no payment be made or benefit provided to Employee pursuant to this Agreement or any other plan or agreement that would constitute an “excess parachute payment” within
the meaning of Section 280G of the Internal Revenue Code and any regulations thereunder, thereby resulting in a loss of an income tax deduction by the Holding Company or the imposition of an excise tax on Employee under Section 4999 of the Internal
Revenue Code. If the independent accountants serving as auditors for the Bank’s parent company on the date of a Change of Control (or any other accounting firm designated by the Holding Company) determine that some or all of the payments or
benefits scheduled under this Agreement, as well as any other payments or benefits on a Change of Control, would be nondeductible by the Bank’s parent company under Section 280G of the Internal Revenue Code, then the payments scheduled under
this Agreement will be reduced to one dollar less than the maximum amount which may be paid without causing any such payment or benefit to be nondeductible. The determination made as to the reduction of benefits or payments required hereunder by the
independent accountants shall be binding on the Parties. Employee shall have the right to designate within a reasonable period, which payments or benefits will be reduced; provided, however, that if no direction is received from Employee, the
Bank’s parent company shall implement the reductions in its discretion. 
  
 4.3 Termination for Cause. If Employee is terminated for cause prior to the end of a fiscal year, Employer shall not be obligated to pay any annual performance bonus for the year of, and any year, after such
termination, notwithstanding whether the Employee has met the requirements to earn components of an annual performance bonus. 
  
 4.4 Fees. If Employee serves on the Bank Board or the board of directors of any affiliate of the Bank, or a committee thereof, Employee
shall not be entitled to directors fees or meeting fees unless otherwise determined by the Bank Board. 
  
 5. OTHER BENEFITS 
  
 During the term of Employee’s employment hereunder, Employer shall provide the following to Employee: 

 5.1 Employee shall be entitled to participate in the employee health and disability
insurance benefits, paid sick leave, paid vacation and other paid or unpaid leave as may be provided by the Bank under its applicable personnel policies. Approved attendance at meetings or conventions of banking associations or organizations shall
not be charged against Employee’s annual vacation entitlement. 
  
 5.2 In the event that Employee is terminated by Employer for any reason other than cause, Employee may elect to continue the health and disability insurance benefits for twelve months, or such greater period as
applicable law may require, provided Employee timely pays the applicable premium cost therefor. 
  
 6. EXPENSES 
  
 Upon Employee’s presentment to Employer of expense reports acceptable to Employer and which are in sufficiently detailed form to
comply with standards for deduction of business expenses established from time to time by the Internal Revenue Service, Employer will reimburse Employee for such expenses approved by Employer and incurred by Employee in connection with performance
of his duties hereunder. 
  
 7. POST TERMINATION COVENANTS

  
 7.1 At such time as Employee’s
employment by Employer terminates, whether during the initial term of employment or thereafter, Employee agrees that for six (6) months following such termination he will not engage (either individually or as an employee, director, consultant or
representative of any other person or entity) in any business activity in which the Bank or any of its affiliates engages or has formulated plans to engage, within a five (5) mile radius of any location of the Bank, or any location of its affiliated
banks. 
  
 7.2 Furthermore, for one (1) year
following such termination, Employee agrees that he will not, without the prior written consent of Employer:(i) furnish anyone with the name of, or any list or lists which identify, any customers or stockholders of the Employer or utilize such list
or information himself; (ii) furnish, use, or divulge to anyone any confidential information of Employer acquired by him from Employer and relating to Employer’s business activities; (iii) solicit any customer of Employer for such person’s
business for another bank or similar financial institution; (iv) solicit for any other employer (including himself) any employee of the Employer; (v) pursue an actual or potential business opportunity of interest to and which could be pursued by
Employer which came to the attention of Employee in connection with his employment with Employer and which Employee had not previously offered in writing to Employer with sufficient advance notice to allow Employer to examine and pursue or reject
such opportunity. Excepted from the requirements of subparagraphs (i) and (ii) in this paragraph is any information which is or becomes publicly available information through no fault or act of Employee. 

 7.3 It is understood and agreed by the parties hereto that the provisions of this section
are independent of each other, and to the extent any provision or portion thereof shall be determined by a court of competent jurisdiction to be unenforceable, such determination shall not affect the validity or enforceability of any other provision
of this paragraph or the remainder of this Agreement. 
  
 8.
WAIVER OF PROVISIONS 
  
 Failure by any of the
parties hereto to insist, in one or more instances, on performance by the other in strict accordance with the terms and conditions of this Agreement shall not be deemed a waiver or relinquishment of any right granted hereunder or of the obligation
of future performance of any such term or condition or of any other term or condition of this Agreement, unless such waiver is contained in writing signed by or on behalf of all the parties. 
  
 9. GOVERNING LAW 
  
 This Agreement shall be governed by and construed and
enforced in accordance with the laws of the Commonwealth of Virginia. If for any reason any provision of this Agreement shall be held by a court of competent jurisdiction to be void or unenforceable, the same shall not affect the remaining
provisions hereof. 
  
 10. MODIFICATION AND AMENDMENT

  
 This Agreement contains the sole and
entire agreement among the parties hereto and supersedes all prior discussions and agreements among the parties, and any such prior agreements shall, from and after the date hereof, be null and void. This Agreement shall not be modified or amended
except by an instrument in writing signed by or on behalf of all parties hereto. 
  
 11. COUNTERPARTS AND HEADINGS 
  
 This Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed an original but all of which shall constitute one and the same instrument. The headings set out herein are for
convenience of reference and shall not be deemed a part of this Agreement. 
  
 12. INJUNCTIVE RELIEF 
  
 In the event of a breach or threatened breach by Employee of any of the provisions hereof, and notwithstanding any other provision in this Agreement, Employer, in addition to any other available rights or remedies,
shall be entitled to such temporary restraining orders and permanent injunctions, as are allowable and authorized by the laws of the Commonwealth of Virginia based on the facts of the case, to restrain such breach by Employee and/or any persons
directly or indirectly acting for or with him. Employee’s obligations under paragraph 7 hereof shall remain binding and enforceable according to 

 its terms notwithstanding expiration or termination of the other terms of this Agreement or the
expiration or termination of Employee’s employment relationship with the Bank. 
  
 13. SUCCESSORS 
  
 This Agreement shall inure to the benefit of and be binding upon the Employer, its successors and assigns and upon the Employee, and his heirs and personal representatives. Neither this Agreement nor performance hereunder may be assigned by
Employee or Employer. 
  
 IN WITNESS WHEREOF, the parties
hereto have executed this Agreement under seal as of the date first written above. 
  

			
	EMPLOYEE:
		
	 By:
	 	 /s/    George D. Yancey                             
 (SEAL)

	 	 	 George D. Yancey,
 President~CEO

  

			
	 EMPLOYER:
  
 BANK OF LOUISA, N.A.

		
	 By:
	 	 /s/    John J. Purcell, Jr.                            
  (SEAL)

	 	 	 John J. Purcell, Jr.
 Chairman of the
Board

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00065-of-00352.parquet"}]]