Document:

Form of Performance Share Agreement - Executive Officers

 Exhibit 10.2 
 Form of Agreement between Varian, Inc. and Executive Officers 
 (used beginning October 6,
2008) 
 VARIAN, INC. 
 OMNIBUS STOCK PLAN 
 PERFORMANCE SHARE AGREEMENT 
 Varian, Inc. (the “Company”) hereby grants you, [NAME OF EMPLOYEE] (the “Employee”), an award of Performance Shares under the Company’s Omnibus Stock Plan (the “Plan”). The date of
this Performance Share Agreement (the “Agreement”) is [DATE] (the “Grant Date”). Subject to the provisions of Appendix A, Appendix B and the Plan, the principal features of this award are as follows: 
  

					
	Target Number of Performance Shares:	  	        [NUMBER OF SHARES]
		
	Performance Period:	 	[PERFORMANCE PERIOD]
		
	Performance Matrix:	 	The number of Performance Shares in which you may vest in accordance with the Vesting Schedule below will depend upon achievement relative to the Target Earnings Per Share for fiscal
year              and will be determined in accordance with the Performance Matrix, attached hereto as Appendix B. The Target Earnings Per Share for the full fiscal year
             is $            .
		
	Vesting Schedule:	 	The Performance Shares, if any, earned in accordance with Paragraph 1 of Appendix A and the Performance Matrix in Appendix B will vest on the date the Committee determines the
Earnings Per Share achievement for fiscal year              (the “Vesting Date”). The Committee will make such determination within the 75-day period immediately following
the Performance Period. Except as otherwise provided in Appendix A, the Employee shall not vest in the Performance Shares if he or she has incurred a Termination of Service prior to the Vesting Date.

 Your signature below indicates your agreement and understanding that this award is subject to all of the terms and
conditions contained in Appendix A, Appendix B and the Plan. For example, important additional information on vesting and forfeiture of the Performance Shares is contained in Paragraphs 3, 4 and 7 of Appendix A. PLEASE BE SURE TO
READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS GRANT. 
  

											
	VARIAN, INC.	 		 	EMPLOYEE
				
	By:	 	  
	 		 	  

	Name:	 	  
	 		 	Name:	 	  

	Title:	 	  
	 		 	Home Address:	 	  

		 		 		 	  

 APPENDIX A 
 TERMS AND CONDITIONS OF PERFORMANCE SHARES 
 1. Grant. The Company hereby grants to the
Employee under the Plan an award of the Target Number of Performance Shares set forth on the first page of this Agreement, subject to all of the terms and conditions in this Agreement and the Plan. The number of Performance Shares in which the
Employee may vest shall depend upon achievement of the Target Earnings Per Share for fiscal year              and shall be determined in accordance with the Performance Matrix
attached hereto as Appendix B. In accordance with the Performance Matrix, the number of the Performance Shares in which the Employee may vest will range from thirty percent (30%) of the Target Number of Performance Shares to a maximum of two
hundred percent (200%) of the Target Number of Performance Shares, provided that at least the Minimum Earnings Per Share for fiscal year              (as set forth in Appendix
B) is achieved. If the Minimum Earnings Per Share is not achieved, the Employee will not be entitled to vest in any portion of the Target Number of Performance Shares, this Performance Share award shall immediately terminate and the Target Number of
Performance Shares shall be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company. If the Minimum Earnings Per Share is achieved but the Target Earnings Per Shares is not achieved, the portion of the
Target Number of Performance Shares not vested shall be forfeited and automatically transferred to and reacquired by the Company at no cost to the Company. The number of Performance Shares in which the Employee may vest (if any) shall be determined
by the Committee following the end of the Performance Period, in accordance with the following rules and the terms and conditions set forth in this Agreement. Earnings Per Share shall be certified by the Committee for fiscal year
             and compared to the Target Earnings Per Share for fiscal year              set forth on the first page
of this Agreement. In the event that achievement of the Earnings Per Share Target for fiscal year              would result in a fractional number of Performance Shares, the number
of Performance Shares (if any) in which the Employee may vest, as determined in accordance with these rules and the terms and conditions in this Agreement and the Plan, shall be rounded to the nearest whole share of the Company’s common stock
(the “Shares”). When the Shares are paid to the Employee in payment for the Performance Shares, par value will be deemed paid by the Employee for each Performance Share by past services rendered by the Employee, and will be subject to the
appropriate tax withholdings.  
 As used herein, “Earnings Per Share” shall mean, as to fiscal year
            , the Company’s diluted earnings per share, determined in accordance with generally accepted accounting principles (as existing at the beginning of the Performance
Period), but excluding [INSERT EXCLUSIONS]. In addition, Earnings per Share shall be appropriately adjusted by the Committee to reflect the expected effects of any merger, reorganization, consolidation, recapitalization, separation, liquidation,
stock dividend, split-share combination or other change in the corporate structure of the Company affecting its outstanding shares of common stock during the Performance Period. 
 2. Company’s Obligation to Pay. Unless and until the Performance Shares have vested in the manner set forth in Paragraphs 3 and
4, the Employee shall have no right to payment of such Performance Shares. Prior to actual payment of any vested Performance Shares, such Performance Shares shall represent an unsecured obligation of the Company. Payment of any vested Performance
Shares shall be made in whole Shares only. 
 3. Vesting Schedule. Except as provided in Paragraph 4, and subject to Paragraph
7, the Performance Shares awarded under this Agreement shall vest in accordance with the vesting provisions set forth on the first page of this Agreement. Except as otherwise provided in Paragraph 4, the Performance Shares shall not vest in
accordance with any of the provisions of this Agreement if there has been a Termination of Service of the Employee prior to the Vesting Date. 
  

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 4. Death, Disability or Retirement of the Employee. In the event of the Employee’s
Termination of Service due to death, Disability or Retirement (as defined pursuant to the Company’s or other employing Affiliate’s retirement policies as they may be established from time to time) during the Performance Period, or after
the Performance Period but prior to the Vesting Date, the Performance Shares in which the Employee (or his or her beneficiary) shall be entitled to vest on the Vesting Date shall be determined as follows: 
 (a) if the Employee’s death, Disability or Retirement occurs on or before the last day of the Performance Period, the Employee (or his or her
beneficiary) shall be entitled to vest on the Vesting Date as to the number of Performance Shares determined by multiplying (i) the Performance Shares calculated based on the Earnings Per Share achieved for fiscal year
             (determined in accordance with Paragraph 1) by (ii) the percentage determined by dividing the number of days elapsed following the commencement of the Performance
Period to the date of the Employee’s death, Disability or Retirement by 1,095; or 
 (b) if the Employee’s death, Disability or
Retirement occurs after the last day of the Performance Period, the Employee (or his or her beneficiary) shall be entitled to vest on the Vesting Date as to 100% of the Performance Shares calculated based on the Earnings Per Share achieved for
fiscal year              (determined in accordance with Paragraph 1). 
 5. Number of Shares; Changes in Stock. The number and class of the Performance Shares specified on the first page of this Agreement are subject to adjustment by the Committee in the event of any merger, reorganization,
consolidation, recapitalization, separation, liquidation, stock dividend, split-up, share combination or other change in the corporate structure of the Company affecting the Shares. 
 6. Payment after Vesting. Any Performance Shares that vest in accordance with Paragraphs 3 and 4 will be paid to the Employee (or in the
event of the Employee’s death, to his or her estate) as soon as practicable following the date of vesting (subject to Paragraph 9), but in no event later than the date that is two-and-one-half months from the end of the Company’s tax
year that includes the vesting date. Notwithstanding anything in the Plan or this Agreement to the contrary, if the vesting of the balance, or some lesser portion of the balance, of the Performance Shares is accelerated in connection with the
Employee’s Termination of Service (provided that such termination is a “separation from service” within the meaning of Section 409A, as determined by the Company), other than due to death, and if (a) the Employee is a
“specified employee” within the meaning of Section 409A at the time of such Termination of Service and (b) the payment of such accelerated Performance Shares will result in the imposition of additional tax under Section 409A
if paid to the Employee on or within the six month period following the Employee’s Termination of Service, then the payment of such accelerated Performance Shares will not be made until the date six months and one day following the date of the
Employee’s Termination of Service, unless the Employee dies following his or her Termination of Service, in which case, the Performance Shares will be paid to the Employee’s estate as soon as practicable following his or her death, subject
to Paragraph 9. It is the intent of this Agreement to comply with the requirements of Section 409A so that none of the Performance Shares provided under this Agreement or Shares issuable thereunder will be subject to the additional tax imposed
under Section 409A, and any ambiguities herein will be interpreted to so comply. For purposes of this Agreement, “Section 409A” means Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and any
proposed, temporary or final Treasury Regulations and Internal Revenue Service guidance thereunder, as each may be amended from time to time. For each Performance Share that vests, the Employee will receive one Share. 
  

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 7. Forfeiture. Except as expressly provided in Paragraph 4, and notwithstanding any
contrary provision of this Agreement, the balance of the Performance Shares which have not vested at the time of the Employee’s Termination of Service shall thereupon be forfeited. 
 8. Death of Employee. In the event that the Employee dies during the Performance Period while in the employ of the Company and/or an
Affiliate, or after the Performance Period but prior to the Vesting Date, any distribution or delivery under this Agreement shall be made to the Employee’s designated beneficiary, or if either no beneficiary survives the Employee or the
Committee does not permit beneficiary designations, to the administrator or executor of the Employee’s estate. Any designation of a beneficiary by the Employee shall be effective only if such designation is made in a form and manner acceptable
to the Committee. Any such administrator or executor must furnish the Company with (a) written notice of his or her status as transferee, (b) evidence satisfactory to the Company to establish the validity of the transfer and compliance
with any laws or regulations pertaining to said transfer, and (c) written acceptance of the terms and conditions of this grant as set forth in this Agreement. 
 9. Payment of Taxes. When Shares are issued as payment for vested Performance Shares, the Company or the employing Affiliate shall withhold a portion of the Shares that have an aggregate market value
sufficient to pay federal, state and local income, employment and any other applicable taxes required to be withheld by the Company or the employing Affiliate with respect to the Shares, unless the Company, in its sole discretion, requires the
Employee to make alternate arrangements satisfactory to the Company for such withholdings in advance of the arising of any withholding obligations. The number of Shares withheld pursuant to the prior sentence shall be rounded up to the nearest whole
Share, with no refund to the Employee for any value of the Shares withheld in excess of the tax obligation as a result of such rounding. Notwithstanding any contrary provision of this Agreement, no Shares will be issued unless and until satisfactory
arrangements (as determined by the Company) have been made by the Employee with respect to the payment of any income and other taxes which the Company determines must be withheld or collected with respect to such Shares. In addition and to the
maximum extent permitted by law, the Company or the employing Affiliate has the right to retain without notice from salary or other amounts payable to the Employee, cash having a sufficient value to satisfy any tax withholding obligations that the
Company determines cannot be satisfied through the withholding of otherwise deliverable Shares. All income and other taxes related to the Performance Shares award and any Shares delivered in payment thereof are the sole responsibility of the
Employee. 
 10. Rights as Stockholder. Neither the Employee nor any person claiming under or through the Employee shall have
any of the rights or privileges of a stockholder of the Company in respect of any Shares deliverable hereunder unless and until certificates representing such Shares shall have been issued, recorded on the records of the Company or its transfer
agents or registrars, and delivered to the Employee. After such issuance, recordation and delivery, the Employee shall have all the rights of a stockholder of the Company with respect to voting such Shares and receipt of dividends and distributions
on such Shares. 
 11. No Effect on Service. The Employee’s employment with the Company and its Affiliates is on an
at-will basis only. Accordingly, subject to any written, express employment agreement with the Employee, nothing in this Agreement or the Plan shall confer upon the Employee any right to continue to be employed by the Company or any Affiliate or
shall interfere with or restrict in any way the rights of the Company or the Affiliate, which are hereby expressly reserved, to terminate the employment of the Employee at any time for any reason whatsoever, with or without good cause. Such
reservation of rights can be modified only in an express written contract executed by a duly authorized officer of the Company or the Affiliate employing or otherwise engaging the Employee. For purposes of this Agreement, the transfer of the
employment of the Employee between the Company and any one of its Affiliates (or between Affiliates) shall not be deemed a Termination of Service. Nothing herein contained shall affect 

  

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the Employee’s right to participate in and receive benefits under and in accordance with the then current provisions of any pension, insurance or other
employee welfare plan or program of the Company or any Affiliate. 
 12. Address for Notices. Any notice to be given to the
Company under the terms of this Agreement shall be addressed to the Company, in care of its Secretary, at 3120 Hansen Way, Palo Alto, California 94304, or at such other address as the Company may hereafter designate in writing. 
 13. Grant is Not Transferable. Except to the limited extent provided in this Agreement, this grant and the rights and privileges conferred
hereby may not be transferred, pledged, assigned or otherwise hypothecated in any way (whether by operation of law or otherwise) and shall not be subject to sale under execution, attachment or similar process, until the Employee has been issued
Shares in payment of the Performance Shares. Upon any attempt to transfer, pledge, assign, hypothecate otherwise dispose of this grant, or any right or privilege conferred hereby, or upon any attempted sale under any execution, attachment or similar
process, this grant and the rights and privileges conferred hereby immediately shall become null and void. 
 14. Binding
Agreement. Subject to the limitation on the transferability of this grant contained herein, this Agreement will be binding upon and inure to the benefit of the heirs, legatees, legal representatives, successors and assigns of the parties
hereto. 
 15. Additional Conditions to Issuance of Certificates. The Shares deliverable to the Employee may be either
previously authorized but unissued shares or issued shares which have been reacquired by the Company. The Company shall not be required to issue any certificate or certificates for Shares hereunder prior to fulfillment of all the following
conditions: (a) the admission of such Shares to listing on all stock exchanges on which such class of stock is then listed; and (b) the completion of any registration or other qualification of such Shares under any State or Federal law or
under the rulings or regulations of the Securities and Exchange Commission or any other governmental regulatory body, which the Committee shall, in its absolute discretion, deem necessary or advisable; and (c) the obtaining of any approval or
other clearance from any State or Federal governmental agency, which the Committee shall, in its absolute discretion, determine to be necessary or advisable; and (d) the lapse of such reasonable period of time following the date of vesting of
the Performance Shares as the Committee may establish from time to time for reasons of administrative convenience. 
 16. Plan
Governs. This Agreement is subject to all of the terms and provisions of the Plan. In the event of a conflict between one or more provisions of this Agreement and one or more provisions of the Plan, the provisions of the Plan will govern.
Capitalized terms and phrases used and not defined in this Agreement shall have the meanings set forth in the Plan. 
 17. Committee
Authority. The Committee shall have all discretion, power, and authority to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation and application of the Plan as are consistent therewith. All
actions taken and all interpretations and determinations made by the Committee in good faith shall be final and binding upon the Employee, the Company and all other interested persons, and shall be given the maximum deference permitted by law. No
member of the Committee will be personally liable for any action, determination or interpretation made in good faith with respect to the Plan or this Agreement. 
 18. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California, without reference to its principles of conflicts of law. 
 19. Captions. Captions provided herein are for convenience only and are not to serve as a basis for interpretation or construction of this
Agreement. 
  

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 20. Agreement Severable. In the event that any provision in this Agreement shall be held
invalid or unenforceable, such provision will be severable from, and such invalidity or unenforceability will not be construed to have any effect on, the remaining provisions of this Agreement. 
 21. Modifications to the Agreement. This Agreement constitutes the entire understanding of the parties on the subjects covered. The
Employee expressly warrants that he or she is not accepting this Agreement in reliance on any promises, representations, or inducements other than those contained herein. Modifications to this Agreement or the Plan can be made only in an express
written contract executed by a duly authorized officer of the Company. Notwithstanding anything to the contrary in the Plan or this Agreement, the Company reserves the right to revise this Agreement as it deems necessary or advisable, in its sole
discretion and without the consent of the Employee, to comply with Section 409A or to otherwise avoid imposition of any additional tax or income recognition under Section 409A prior to the actual payment of Shares pursuant to this award of
Performance Shares. 
 o 0 o 
  

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 APPENDIX B 
 PERFORMANCE MATRIX 
  

	1.	The Minimum, Target and Maximum Earnings Per Share (“EPS”) amounts for fiscal year              are set
forth below. 

  

	2.	Achievement of the Target EPS will result in vesting on the Vesting Date of 100% of the targeted number of Performance Shares. 

  

	3.	Achievement of the Minimum EPS will result in vesting on the Vesting Date of 30% of the targeted number of Performance Shares. Achievement of an EPS that is less than the Minimum
EPS will result in no vesting of any of the targeted number of Performance Shares. 

  

	4.	Achievement of the Maximum EPS will result in vesting on the Vesting Date of 200% of the targeted number of Performance Shares. Achievement of an EPS that is greater than the
Maximum EPS will not result in vesting of more than 200% of the targeted number of Performance Shares. 

  

	5.	Achievement of an EPS between the Minimum EPS and the Target EPS will result in vesting on the Vesting Date of the percentage of the targeted number of Performance Shares that is
calculated on a proportionate (straight-line) basis between 30% and 100%. 

  

	6.	Achievement of an EPS between the Target EPS and the Maximum EPS will result in vesting on the Vesting Date of the percentage of the targeted number of Performance Shares that is
calculated on a proportionate (straight-line) basis between 100% and 200%. 

  

					
	 Minimum EPS
 (30% Payout)
	 	 Target EPS
 (100% Payout)
	 	 Maximum EPS
 (200% Payout)

	 $
	 	$	 	$

  

 7Salary Continuation agreement entered into with Mr. Lober on August 29, 2008

 EXHIBIT 10.5 
 CONSUMERS NATIONAL BANK 
 SALARY CONTINUATION AGREEMENT 
 THIS AGREEMENT is made this 29 day of August, 2008, by and between CONSUMERS NATIONAL BANK, a nationally chartered commercial bank located in Minerva,
Ohio (the “Company”), and Ralph Lober (the “Executive”). 
 INTRODUCTION 
 To encourage the Executive to remain an employee of the Company, the Company is willing to provide salary continuation benefits to the Executive. The
Company will pay the benefits from its general assets. 
 AGREEMENT 
 The Executive and the Company agree as follows: 
 Article 1 
 Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 
 1.1
“Accrual Balance” means the liability that should be accrued by the Company, under Generally Accepted Accounting Principles (“GAAP”), for the Company’s obligation to the Executive under this Agreement, by applying
Accounting Principles Board Opinion Number 12 (“APB 12”) as amended by Statement of Financial Accounting Standards Number 106 (“FAS 106”) and the Discount Rate. Any one of a variety of amortization methods may be used to
determine the Accrual Balance. However, once chosen, the method must be consistently applied. The Accrual Balance shall be reported annually by the Company to the Executive. 
 1.2 “Change of Control” means the transfer of shares of the Company’s voting common stock such that one entity or one person
acquires (or is deemed to acquire when applying Section 318 of the Code) more than 50 percent of the Company’s outstanding voting common stock followed within twelve (12) months by the Executive’s Termination of Employment for
reasons other than death, Disability or retirement. 
 1.3 “Code” means the Internal Revenue Code of 1986, as amended.

 1.4 “Disability” means, if the Executive is covered by a Company sponsored disability policy, total disability as defined
in such policy without regard to any waiting period. If the Executive is not covered by such a policy, Disability means the Executive suffering a sickness, accident or injury which, in the judgment of a physician satisfactory to the Company,
prevents the Executive from performing substantially all of the Executive’s normal duties for the Company. As a condition to receiving any Disability benefits, the Company may require the Executive to submit to such physical or mental
evaluations and tests as the Company’s Board of Directors deems appropriate. 
 1.5 “Discount Rate” means the rate used
by the plan administrator for determining the Accrual Balance. 

  

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The initial Discount Rate is six percent (6%). However, in order to maintain the Discount Rate within reasonable standards according to GAAP and/or
applicable bank regulatory guidance, the Discount Rate will adjust to reflect a rate of return on a high-quality fixed-income debt security rounded up to the nearest quarter percentage. For purposes of this Agreement, the Discount Rate will be
reviewed and updated annually using the 20 year term Moody AA Corporate Rate for a high-quality fixed-income debt security. 
 1.6
“Early Termination” means Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control. 
 1.7 “Early Termination Date” means the month, day and year in which Early Termination occurs. 
 1.8 “Effective Date” means August 29, 2008. 
 1.9 “Final Pay” means the average of the base pay plus annual performance-based incentive plan paid to the Executive by the Company for the last three (3) full calendar years prior to Normal
Retirement Age. 
 1.10 “Normal Retirement Age” means the
Executive’s 65th birthday. 
 1.11
“Normal Retirement Date” means the later of the Normal Retirement Age or Termination of Employment. 
 1.12 “Plan
Year” means a twelve-month period commencing on January 1 and ending on December 31 of each year. The initial Plan Year shall commence on the effective date of this Agreement. 
 1.13 “Specified Employee” means a key employee (as defined in Section 416(i) of the Code without regard to paragraph 5 thereof) of
the Company if any stock of the Company is publicly traded on an established securities market or otherwise. 
 1.14 “Termination for
Cause” See Article 5. 
 1.15 “Termination of Employment” means termination of the Executive’s employment with
the Company for reasons other than death. Whether a Termination of Employment has occurred is determined in accordance with the requirements of Code Section 409A based on whether the facts and circumstances indicate that the Company and
Executive reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services the Executive would perform after such date (whether as an employee or as an independent contractor) would
permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding thirty-six (36) month period (or the full
period of services to the Company if the Executive has been providing services to the Company less than thirty-six (36) months). 
 Article 2 
 Lifetime Benefits 
 2.1 Normal Retirement Benefit. Upon Termination of Employment on or after Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this
Section 2.1 in lieu of any other benefit under this Agreement. 
 2.1.1 Amount of Benefit. The annual benefit
under this Section 2.1 is fifty three percent (53%) of Final Pay, as defined in Article 1.7, at the Normal Retirement Date. 
  

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 2.1.2 Payment of Benefit. The Company shall pay the annual benefit to the
Executive in 12 equal monthly installments payable on the first day of each month commencing with the month following the Executive’s Normal Retirement Date. The annual benefit shall be paid to the Executive for 15 years. 
 2.2 Early Termination Benefit. Upon Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.2 in
lieu of any other benefit under this Agreement. 
 2.2.1 Amount of Benefit. The benefit under this
Section 2.2 is the vested Accrual Balance determined as of the month preceding Termination of Employment. This benefit is determined by vesting the Executive in 6.67% of the Accrual Balance for the Plan Year in which the Executive attains age
fifty (50), and an additional 6.67% of said amount for each succeeding year thereafter until the Executive becomes 100% vested in the Accrual Balance. 
 2.2.2 Payment of Benefit. The Company shall pay the benefit to the Executive by calculating a fixed annuity payable in 180 equal monthly installments, crediting interest on the unpaid balance at an annual
rate equal to the Discount Rate, compounded monthly. The monthly installments shall be payable on the first day of each month commencing with the month following Termination of Employment. 
 2.3 Disability Benefit. If the Executive terminates employment due to Disability prior to Normal Retirement Age, the Company shall pay to the
Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement. 
 2.3.1 Amount
of Benefit. The benefit under this Section 2.3 is one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment. 
 2.3.2 Payment of Benefit. The Company shall pay the benefit to the Executive by calculating a fixed annuity payable in 180
equal monthly installments, crediting interest on the unpaid balance at an annual rate equal to the Discount Rate, compounded monthly. The monthly installments shall be payable on the first day of each month commencing with the month following
Termination of Employment. 
 2.4 Change of Control Benefit. Upon a Change of Control, the Company shall pay to the Executive the
benefit described in this Section 2.4 in lieu of any other benefit under this Agreement. 
 2.4.1 Amount of
Benefit. The benefit under this Section 2.4 is one hundred percent (100%) of the Accrual Balance determined as of the end of the month preceding Termination of Employment. 
 2.4.2 Payment of Benefit. The Company shall pay the benefit amount to the Executive in a lump sum within 60 days
following Termination of Employment. 
 2.4.3 Excess Parachute Payment. Notwithstanding any provision of this Agreement
to the contrary, the Company shall not pay any benefit under this Agreement to the extent the benefit would create an excise tax under the excess parachute rules of Section 280G of the Code. 
 2.5 Restriction on Timing of Distributions. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a
Specified Employee at Termination of Employment under such procedures as established by the Company in accordance with Section 409A of the Code, benefit distributions that are made upon Termination of Employment may not commence earlier than
six (6) months after the date of such Termination of Employment. Therefore, in the event this Section 2.5 is applicable to the Executive, any distribution which would otherwise be paid to the Executive within the first six months
following the Termination of Employment shall be accumulated and paid to the Executive in a lump sum on the first day of 

  

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the seventh month following the Termination of Employment. All subsequent distributions shall be paid in the manner specified. 
 2.6 Distributions Upon Income Inclusion Under Section 409A of the Code. Upon the inclusion of any amount into the Executive’s income as
a result of the failure of this non-qualified deferred compensation plan to comply with the requirements of Section 409A of the Code, to the extent such tax liability can be covered by the Accrual Balance, a distribution shall be made as soon
as is administratively practicable following the discovery of the plan failure. 
 2.7 Change in Form or Timing of Distributions. All
changes in the form or timing of distributions hereunder must comply with the following requirements. The changes: 
  

	 	(a)	may not accelerate the time or schedule of any distribution, except as provided in Section 409A of the Code and the regulations thereunder; 

  

	 	(b)	must, for benefits distributable under Sections 2.1, 2.2, 2.3 and 2.4, delay the commencement of distributions for a minimum of five (5) years from the date the first
distribution was originally scheduled to be made; and 

  

	 	(c)	must take effect not less than twelve (12) months after the election is made. 

 Article 3 
 Death Benefits 
 3.1 Death During Active Service. If the Executive dies while in the active service of the Company, the Company shall pay to the Executive’s
beneficiary the benefit described in this Section 3.1. This benefit shall be paid in lieu of the benefits under Article 2. 
 3.1.1 Amount of Benefit. The annual benefit under this Section 3.1 is the same amount that would have been paid under Section 2.1. 
 3.1.2 Payment of Benefit. The Company shall pay the annual benefit to the Executive’s beneficiary in 12 equal monthly
installments payable on the first day of each month commencing with the month following the Executive’s death. The annual benefit shall be paid to the Executive’s beneficiary for 15 years. 
 3.2 Death During Payment of a Lifetime Benefit. If the Executive dies after any Lifetime Benefit payments have commenced under this Agreement but
before receiving all such payments, the Company shall pay the remaining benefits to the Executive’s beneficiary at the same time and in the same amounts they would have been paid to the Executive had the Executive survived. 
 3.3 Death After Termination of Employment But Before Payment of a Lifetime Benefit Commences. If the Executive is entitled to a Lifetime
Benefit under this Agreement, but dies prior to the commencement of said benefit payments, the Company shall pay the same benefit payments to the Executive’s beneficiary that the Executive was entitled to prior to death except that the benefit
payments shall commence on the first day of the month following the date of the Executive’s death. 
 Article 4 
 Beneficiaries 
 4.1 Beneficiary
Designations. The Executive shall designate a beneficiary by filing a written 

  

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designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be
effective if signed by the Executive and accepted by the Company during the Executive’s lifetime. The Executive’s beneficiary designation shall be deemed automatically revoked if the beneficiary predeceases the Executive, or if the
Executive names a spouse as beneficiary and the marriage is subsequently dissolved. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive’s estate. 
 4.2 Facility of Payment. If a benefit is payable to a minor, to a person declared incapacitated, or to a person incapable of handling the
disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incapacitated person or incapable person. The Company may require proof of incapacity,
minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit. 
 Article 5 
 General Limitations 

 5.1 Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit
under this Agreement if the Company terminates the Executive’s employment for: 
 (a) Gross negligence or gross neglect
of duties; 
 (b) Commission of a felony or of a gross misdemeanor involving moral turpitude; or 
 (c) Fraud, disloyalty, dishonesty or willful violation of any law or significant Company policy committed in connection with the
Executive’s employment and resulting in an adverse effect on the Company. 
 5.2 Suicide or Misstatement. The Company shall not
pay any benefit under this Agreement if the Executive commits suicide within two years after the date of this Agreement, or if the Executive has made any material misstatement of fact on any application for life insurance purchased by the Company.

 Article 6 
 Claims and
Review Procedures 
  

	6.1	Claims Procedure. An Executive or Beneficiary (“claimant”) who has not received benefits under this Agreement that he or she believes should be distributed shall
make a claim for such benefits as follows: 

  

	 	6.1.1	Initiation – Written Claim. The claimant initiates a claim by submitting to the Plan Administrator a written claim for the benefits. If such a claim relates to the
contents of a notice received by the claimant, the claim must be made within sixty (60) days after such notice was received by the claimant. All other claims must be made within one hundred eighty (180) days of the date on which the event
that caused the claim to arise occurred. The claim must state with particularity the determination desired by the claimant. 

  

	 	6.1.2	 Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If the
Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator 

  

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can extend the response period by an additional ninety (90) days by notifying the claimant in writing, prior to the end of the initial ninety
(90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. 

  

	 	6.1.3	Notice of Decision. If the Plan Administrator denies part or all of the claim, the Plan Administrator shall notify the claimant in writing of such denial. The Plan
Administrator shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of this Agreement on which the denial is based; 

  

	 	(c)	A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it is needed; 

  

	 	(d)	An explanation of this Agreement’s review procedures and the time limits applicable to such procedures; and 

  

	 	(e)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review. 

  

	6.2	Review Procedure. If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Plan Administrator of
the denial as follows: 

  

	 	6.2.1	Initiation – Written Request. To initiate the review, the claimant, within sixty (60) days after receiving the Plan Administrator’s notice of denial, must file
with the Plan Administrator a written request for review. 

  

	 	6.2.2	Additional Submissions – Information Access. The claimant shall then have the opportunity to submit written comments, documents, records and other information relating
to the claim. The Plan Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the
claimant’s claim for benefits. 

  

	 	6.2.3	Considerations on Review. In considering the review, the Plan Administrator shall take into account all materials and information the claimant submits relating to the claim,
without regard to whether such information was submitted or considered in the initial benefit determination. 

  

	 	6.2.4	Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty (60) days after receiving the request for review. If
the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional sixty (60) days by notifying the claimant in writing, prior to
the end of the initial sixty (60) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

  

	 	6.2.5	Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on review. The Plan Administrator shall write the notification in a manner
calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

 6 

	 	(b)	A reference to the specific provisions of this Agreement on which the denial is based; 

  

	 	(c)	A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as
defined in applicable ERISA regulations) to the claimant’s claim for benefits; and 

  

	 	(d)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 

 Article 7 
 Amendments and Termination 
  

	7.1	Amendments. This Agreement may be amended only by a written agreement signed by the Company and the Executive. However, the Company may unilaterally amend this Agreement to
conform with written directives to the Company from its auditors or Companying regulators or to comply with legislative changes or tax law, including without limitation Section 409A of the Code and any and all Treasury regulations and guidance
promulgated thereunder. 

  

	7.2	Plan Termination Generally. The Company and Executive may terminate this Agreement at any time. The benefit hereunder shall be the Accrual Balance as of the date the
Agreement is terminated. However, if the Company’s Board of Directors determines in good faith that the Executive is no longer a member of a select group of management or highly compensated employees, as that phrase applies to ERISA, for
reasons other than death, Disability or retirement, the Company may terminate this Agreement. Upon such termination, the Executive shall be one hundred percent (100%) vested in the Accrual Balance. Except as provided in Section 7.3, the
termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, after such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

  

	7.3	Plan Terminations Under Section 409A. Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  

	 	(a)	Within thirty (30) days before, or twelve (12) months after a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of
the assets of the Company as described in Section 409A(2)(A)(v) of the Code, provided that all distributions are made no later than twelve (12) months following such termination of the Agreement and further provided that all the
Company’s arrangements which are substantially similar to the Agreement are terminated so the Executive and all participants in the similar arrangements are required to receive all amounts of compensation deferred under the terminated
arrangements within twelve (12) months of the termination of the arrangements; 

  

	 	(b)	Upon the Company’s dissolution or with the approval of a bankruptcy court provided that the amounts deferred under the Agreement are included in the Executive’s gross
income in the latest of (i) the calendar year in which the Agreement terminates; (ii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the
distribution is administratively practical; or 

  

	 	(c)	Upon the Company’s termination of this and all other non-account balance plans (as referenced in Section 409A of the Code or the regulations thereunder), provided that all
distributions are made no earlier than twelve (12) months and no later than twenty-four (24) months following such termination, and the Company does not adopt any new non-account balance plans for a minimum of five (5) years following
the date of such termination; 

 the Company may distribute the vested Accrual Balance, determined as of the date of the
termination of the Agreement, to the Executive in a lump sum subject to the above terms. 
  

 7 

 Article 8 
 Miscellaneous 
 8.1 Binding Effect. This Agreement shall bind the Executive and the Company,
and their beneficiaries, survivors, executors, successors, administrators and transferees. 
 8.2 No Guarantee of Employment. This
Agreement is not an employment policy or contract. It does not give the Executive the right to remain an employee of the Company, nor does it interfere with the Company’s right to discharge the Executive. It also does not require the Executive
to remain an employee nor interfere with the Executive’s right to terminate employment at any time. 
 8.3 Non-Transferability.
Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 
 8.4 Reorganization.
The Company shall not merge or consolidate into or with another company, or reorganize, or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume
and discharge the obligations of the Company under this Agreement. Upon the occurrence of such event, the term “Company” as used in this Agreement shall be deemed to refer to the successor or survivor company. 
 8.5 Tax Withholding. The Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement.

 8.6 Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of Ohio, except to
the extent preempted by the laws of the United States of America. 
 8.7 Unfunded Arrangement. The Executive and beneficiary
are general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured
claim. 
 8.8 Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Executive as to the
subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 
 8.9 Administration. The Company shall have powers which are necessary to administer this Agreement, including but not limited to: 
 (a) Interpreting the provisions of the Agreement; 
 (b) Establishing and revising the method
of accounting for the Agreement; 
 (c) Maintaining a record of benefit payments; and 
 (d) Establishing rules and prescribing any forms necessary or desirable to administer the Agreement. 
  

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 8.10 Named Fiduciary. The Company shall be the named fiduciary and plan administrator under this
Agreement. It may delegate to others certain aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals. 
 8.11 Compliance with Section 409A. This Agreement shall at all times be administered and the provisions of this Agreement shall be
interpreted consistent with the requirements of Section 409A of the Code and any and all regulations thereunder, including such regulations as may be promulgated after the Effective Date of this Agreement. 
 IN WITNESS WHEREOF, the Executive and the Company have signed this Agreement. 
  

							
	EXECUTIVE:	 		 	COMPANY:
			
		 		 	CONSUMERS NATIONAL BANK
				
	  
	 		 	By	 	  

		 		 	Title	 	  

  

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