Document:

Consulting Agreement with Gregory A. Roark

 Exhibit 10.3 
 CONSULTING AGREEMENT 
 THIS CONSULTING AGREEMENT (this “Agreement”), dated as of
June 4, 2007, is entered into by and between Chittenden Corporation, a Vermont corporation (“Parent”), and Gregory A. Roark (the “Consultant”), in connection with the Agreement and Plan of Merger, dated as of
June 4, 2007 (the “Merger Agreement”), among Community Bank & Trust Company, a New Hampshire bank and trust company (the “Company”), Parent and Ocean National Bank, a national bank and wholly-owned
subsidiary of Parent (“ONB”), which provides for the merger of the Company with and into ONB, with ONB as the surviving entity (the “Merger”). This Agreement shall be effective upon the Effective Time of the Merger.
Upon the termination of the Merger Agreement in accordance with Article VIII thereof, this Agreement shall be void ab initio and of no further force and effect. Capitalized terms used but not defined herein shall have the meaning set forth in the
Merger Agreement. 
 WITNESSETH 
 WHEREAS, the Consultant has invaluable knowledge and expertise regarding the operations of the Company; 
 WHEREAS, due to the
Consultant’s knowledge and expertise, Parent wishes to have the cooperation of, and access to, the Consultant following the Effective Time in order to assist with the integration of the business and personnel of the Company and ONB (the
“Transition”); and 
 WHEREAS, Parent and the Consultant have mutually agreed that the Consultant shall serve as an advisor
to Parent on the terms and subject to the conditions hereinafter specified. 
 NOW, THEREFORE, for good and valuable consideration, the
receipt and sufficiency of which are hereby acknowledged, Parent and the Consultant hereby agree as follows: 
 1. Consulting Period.
The Consultant shall render consulting services, on the terms and conditions set forth in this Agreement, for the period beginning at the Effective Time and ending upon the first anniversary of the Closing Date (the “Consulting
Period”). Notwithstanding the foregoing, nothing in this Agreement or otherwise constitutes an express or implied promise of continued engagement as a consultant or as any other service provider for any period or at all, and will not
interfere in any way with the rights of Parent to terminate the Consultant’s services. 
 2. Consulting Services. During the
Consulting Period, the Consultant shall (a) provide general consulting services to Parent with respect to the businesses of the Company and ONB, (b) provide advice and recommendations regarding the Transition and (c) make himself
reasonably available to Parent to consult on specific projects for Parent with respect to the businesses of the Company and ONB and the Transition, in each case, as may be reasonably requested from time to time by the Chief Executive Officer of
Parent or his designee (the “Consulting Services”). The Consulting Services shall be performed at such place or places as shall be mutually agreed upon by the Consultant and Parent. 

 3. Consideration. In consideration for agreeing to provide the Consulting Services during the
Consulting Period, and provided that Consultant signs and does not revoke a general release of legal claims in a form reasonably acceptable to Parent, the Consultant shall be paid a lump sum amount of $165,000 (the “Consulting
Fees”), payable on the later of (i) the Closing Date following the Effective Time or (ii) the business day immediately following the expiration of the revocation period for such general release. 
 4. Automobile. As promptly as reasonably practicable following the Effective Time of the Merger, Parent shall take such actions as may be
necessary to allow the Consultant to assume ownership of the automobile that is owned by the Company and currently used by the Consultant. 
 5. Office. During the Consulting Period, the Consultant shall have the use of an office at a location of Parent’s or ONB’s offices mutually agreeable to Parent and the Consultant, to be provided by Parent, furnished and
equipped and with such office support services as are reasonably and customarily required for the Consultant to perform the Consulting Services, including, without limitation, secretarial services, utilities and telephone. In the event of the
Consultant’s death, permanent and total disability (as determined by a physician selected by Parent and reasonably acceptable to the Consultant or his representative), or termination by Parent, the obligation to provide the office space and
support services set forth in this Section 5 in respect of the remainder of the Consulting Period shall cease. 
 6. Expenses.
Parent shall reimburse the Consultant pursuant to Parent’s reimbursement policies for any reasonable, documented business expenses incurred by the Consultant in connection with the performance of the Consulting Services. 
 7. Sole Consideration. Except as specifically provided herein, the Consultant shall be entitled to no compensation or benefits with respect to the
Consulting Services from Parent, ONB, any of Parent’s other subsidiaries or its affiliates (the “Affiliated Entities”) and will be credited with no service or age credit for purposes of eligibility, vesting or benefit accrual
under any employee benefit plan of any of the Affiliated Entities for the Consulting Services. 
 8. Status as an Independent
Contractor. Parent and the Consultant acknowledge and agree that Parent shall not exercise general supervision or control over the time, place or manner in which the Consultant provides Consulting Services hereunder, and that in performing
Consulting Services pursuant to this Agreement the Consultant shall be acting and shall act at all times as an independent contractor only and not as an employee, agent, partner or joint venturer of or with Parent or ONB. The Consultant acknowledges
that he is solely responsible for the payment of all Federal, state, local and foreign taxes that are required by applicable laws or regulations to be paid with respect to the Consulting Fees and the assumption of ownership of his automobile as
described in Section 4. 
 9. Confidentiality. The Consultant shall not disclose to others, copy, use, transmit, reproduce,
summarize, quote or make commercial, directly or indirectly, any secret or confidential information, knowledge or data relating to the Affiliated Entities and their businesses (including, without limitation, information about the Affiliated
Entities’ clients and customers and their proprietary knowledge and trade secrets, software, technology, research, 

  

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secret data, customer lists, investor lists, business methods, business plans, training materials, operating procedures or programs, pricing strategies,
employee lists and other business information) that the Consultant has obtained as a result of the performance of the Consulting Services (“Confidential Information”); provided that the foregoing shall not apply to information that
is generally known to the public other than as a result of the breach of this Agreement by the Consultant. Notwithstanding the foregoing, it shall not be a breach of this Section 9 for the Consultant to disclose Confidential Information
(a) to the Consultant’s legal or financial advisors, provided that such advisors shall agree to keep the same confidential, (b) as required by order of a court, applicable law, or regulatory body, or (c) with the written consent
of Parent. 
 10. Miscellaneous. 
 (a) Successors and Assigns. This Agreement shall be binding upon, inure to the benefit of and be enforceable by, as applicable, Parent and the Consultant and their respective personal or legal representatives, executors,
administrators, successors, assigns, heirs, distributees and legatees. This Agreement is personal in nature and the Consultant shall not, without the written consent of Parent, assign, transfer or delegate this Agreement or any rights or obligations
hereunder. 
 (b) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Vermont
without giving effect to such state’s laws and principles regarding the conflict of laws. 
 (c) Amendment. No provision of this
Agreement may be amended, modified, waived or discharged unless such amendment, waiver, modification or discharge is agreed to in writing and such writing is signed by the Consultant and Parent. 
 (d) Notice. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by
overnight courier service or registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Consultant:

 At the most recent address on file for the Consultant at the Company. 
 With a copy to: 
 Cranmore, FitzGerald & Meaney 
 49 Wethersfield Avenue 
 Hartford, Connecticut 06114-1102 
 Attention: J. J. Cranmore, Esq. 
 Facsimile: (860) 522-3379 
  

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 If to Parent: 
 Chittenden Corporation 
 Two Burlington Square 
 Burlington, Vermont 05401 
 Attention: Chief Executive Officer 
 Facsimile: (802) 660-1577 
 With copies to: 
 Chittenden Corporation

 Two Burlington Square 
 Burlington, Vermont 05401 
 Attention: General Counsel 
 Facsimile: (802) 660-1505 
 and 
 Goodwin Procter LLP 
 Exchange Place 
 Boston, Massachusetts 02109 
 Attention: William P. Mayer, Esq. 
 Facsimile: (617) 523-1231 
 or to such
other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 
 (e) Headings. The headings of this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. 
 (f) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
but all of which together will constitute one and the same instrument. 
 (g) Entire Agreement. This Agreement sets forth the entire
agreement of the parties hereto in respect to the subject matter hereof. 
 [Remainder of page intentionally left blank] 
  

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 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the
date first above written. 
 CHITTENDEN CORPORATION 
 By: Paul A. Perrault 
        Name: Paul A. Perrault 
        Title:  President, Chief Executive Officer and 
          Chairman of the Board 
 CONSULTANT 
 /s/ Gregory A. Roark 
 Gregory A. Roark 
  

 5Consulting Agreement with Bradford W. Gile

 Exhibit 10.4 
 CONSULTING AGREEMENT 
 THIS CONSULTING AGREEMENT (this “Agreement”), dated as of
June 4, 2007, is entered into by and between Chittenden Corporation, a Vermont corporation (“Parent”), and Bradford W. Gile (the “Consultant”), in connection with the Agreement and Plan of Merger, dated as of
June 4, 2007 (the “Merger Agreement”), among Chittenden Corporation, a New Hampshire bank and trust company (the “Company”), Parent and Ocean National Bank, a national bank and wholly-owned subsidiary of Parent
(“ONB”), which provides for the merger of the Company with and into ONB, with ONB as the surviving entity (the “Merger”). This Agreement shall be effective upon the Effective Time of the Merger. Upon the termination
of the Merger Agreement in accordance with Article VIII thereof, this Agreement shall be void ab initio and of no further force and effect. Capitalized terms used but not defined herein shall have the meaning set forth in the Merger Agreement.

 WITNESSETH 
 WHEREAS, the
Consultant has invaluable knowledge and expertise regarding the operations of the Company; 
 WHEREAS, due to the Consultant’s knowledge
and expertise, Parent wishes to have the cooperation of, and access to, the Consultant following the Effective Time in order to assist with the integration of the business and personnel of the Company and ONB (the “Transition”); and

 WHEREAS, Parent and the Consultant have mutually agreed that the Consultant shall serve as an advisor to Parent on the terms and subject
to the conditions hereinafter specified. 
 NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, Parent and the Consultant hereby agree as follows: 
 1. Consulting Period. The Consultant shall render
consulting services, on the terms and conditions set forth in this Agreement, for the period beginning at the Effective Time and ending upon the first anniversary of the Closing Date (the “Consulting Period”). Notwithstanding the
foregoing, nothing in this Agreement or otherwise constitutes an express or implied promise of continued engagement as a consultant or as any other service provider for any period or at all, and will not interfere in any way with the rights of
Parent to terminate the Consultant’s services. 
 2. Consulting Services. During the Consulting Period, the Consultant shall
(a) provide general consulting services to Parent with respect to the businesses of the Company and ONB, (b) provide advice and recommendations regarding the Transition and (c) make himself reasonably available to Parent to consult on
specific projects for Parent with respect to the businesses of the Company and ONB and the Transition, in each case, as may be reasonably requested from time to time by the Chief Executive Officer of Parent or his designee (the “Consulting
Services”). The Consulting Services shall be performed at such place or places as shall be mutually agreed upon by the Consultant and Parent. 

 3. Consideration. In consideration for agreeing to provide the Consulting Services during the
Consulting Period, and provided that Consultant signs and does not revoke a general release of legal claims in a form reasonably acceptable to Parent, the Consultant shall be paid a lump sum amount of $200,000 (the “Consulting
Fees”), payable on the later of (i) the Closing Date following the Effective Time or (ii) the business day immediately following the expiration of the revocation period for such general release. 
 4. Automobile. As promptly as reasonably practicable following the Effective Time of the Merger, Parent shall take such actions as may be
necessary to allow the Consultant to assume ownership of the automobile currently leased by the Company on the Consultant’s behalf. 
 5. Office. During the Consulting Period, the Consultant shall have the use of an office at a location of Parent’s or ONB’s offices mutually agreeable to Parent and the Consultant, to be provided by Parent, furnished and
equipped and with such office support services as are reasonably and customarily required for the Consultant to perform the Consulting Services, including, without limitation, secretarial services, utilities and telephone. In the event of the
Consultant’s death, permanent and total disability (as determined by a physician selected by Parent and reasonably acceptable to the Consultant or his representative), or termination by Parent, the obligation to provide the office space and
support services set forth in this Section 5 in respect of the remainder of the Consulting Period shall cease. 
 6. Expenses.
Parent shall reimburse the Consultant pursuant to Parent’s reimbursement policies for any reasonable, documented business expenses incurred by the Consultant in connection with the performance of the Consulting Services. 
 7. Sole Consideration. Except as specifically provided herein, the Consultant shall be entitled to no compensation or benefits with respect to the
Consulting Services from Parent, ONB, any of Parent’s other subsidiaries or its affiliates (the “Affiliated Entities”) and will be credited with no service or age credit for purposes of eligibility, vesting or benefit accrual
under any employee benefit plan of any of the Affiliated Entities for the Consulting Services. 
 8. Status as an Independent
Contractor. Parent and the Consultant acknowledge and agree that Parent shall not exercise general supervision or control over the time, place or manner in which the Consultant provides Consulting Services hereunder, and that in performing
Consulting Services pursuant to this Agreement the Consultant shall be acting and shall act at all times as an independent contractor only and not as an employee, agent, partner or joint venturer of or with Parent or ONB. The Consultant acknowledges
that he is solely responsible for the payment of all Federal, state, local and foreign taxes that are required by applicable laws or regulations to be paid with respect to the Consulting Fees and the assumption of ownership of his automobile as
described in Section 4. 
 9. Confidentiality. The Consultant shall not disclose to others, copy, use, transmit, reproduce,
summarize, quote or make commercial, directly or indirectly, any secret or confidential information, knowledge or data relating to the Affiliated Entities and their businesses (including, without limitation, information about the Affiliated
Entities’ clients and customers and their proprietary knowledge and trade secrets, software, technology, research, 

  

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secret data, customer lists, investor lists, business methods, business plans, training materials, operating procedures or programs, pricing strategies,
employee lists and other business information) that the Consultant has obtained as a result of the performance of the Consulting Services (“Confidential Information”); provided that the foregoing shall not apply to information that
is generally known to the public other than as a result of the breach of this Agreement by the Consultant. Notwithstanding the foregoing, it shall not be a breach of this Section 9 for the Consultant to disclose Confidential Information
(a) to the Consultant’s legal or financial advisors, provided that such advisors shall agree to keep the same confidential, (b) as required by order of a court, applicable law, or regulatory body, or (c) with the written consent
of Parent. 
 10. Miscellaneous. 
 (a) Successors and Assigns. This Agreement shall be binding upon, inure to the benefit of and be enforceable by, as applicable, Parent and the Consultant and their respective personal or legal representatives, executors,
administrators, successors, assigns, heirs, distributees and legatees. This Agreement is personal in nature and the Consultant shall not, without the written consent of Parent, assign, transfer or delegate this Agreement or any rights or obligations
hereunder. 
 (b) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Vermont
without giving effect to such state’s laws and principles regarding the conflict of laws. 
 (c) Amendment. No provision of this
Agreement may be amended, modified, waived or discharged unless such amendment, waiver, modification or discharge is agreed to in writing and such writing is signed by the Consultant and Parent. 
 (d) Notice. All notices and other communications hereunder shall be in writing and shall be given by hand delivery to the other party or by
overnight courier service or registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
 If to the Consultant:

 At the most recent address on file for the Consultant at the Company. 
 With a copy to: 
 Cranmore, FitzGerald & Meaney 
 49 Wethersfield Avenue 
 Hartford, Connecticut 06114-1102 
 Attention: J. J. Cranmore, Esq. 
 Facsimile: (860) 522-3379 
  

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 If to Parent: 
 Chittenden Corporation 
 Two Burlington Square 
 Burlington, Vermont 05401 
 Attention: Chief Executive Officer 
 Facsimile: (802) 660-1577 
 With copies to: 
 Chittenden Corporation

 Two Burlington Square 
 Burlington, Vermont 05401 
 Attention: General Counsel 
 Facsimile: (802) 660-1505 
 and 
 Goodwin Procter LLP 
 Exchange Place 
 Boston, Massachusetts 02109 
 Attention: William P. Mayer, Esq. 
 Facsimile: (617) 523-1231 
 or to such
other address as either party shall have furnished to the other in writing in accordance herewith. Notice and communications shall be effective when actually received by the addressee. 
 (e) Headings. The headings of this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement. 
 (f) Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original
but all of which together will constitute one and the same instrument. 
 (g) Entire Agreement. This Agreement sets forth the entire
agreement of the parties hereto in respect to the subject matter hereof. 
 [Remainder of page intentionally left blank] 
  

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 IN WITNESS WHEREOF, the parties have caused this Agreement to be duly executed and delivered as of the
date first above written. 
  

			
	CHITTENDEN CORPORATION
		
	By:	 	/s/    Paul A. Perrault        
		 	 Name:    Paul A. Perrault
 Title:    President, Chief Executive Officer and Chairman of the Board

	
	CONSULTANT
	
	/s/    Bradford W. Gile        
	Bradford W. Gile

  

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