SEC Contract Filing

Filing Date: 2017-03-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>3
<FILENAME>ex10-4.htm
<DESCRIPTION>DIRECTORS' STOCK PURCHASE PLAN
<TEXT>
<HTML>
<HEAD>
 <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 0"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="margin: 0; text-align: left"><A HREF="cofs-10k_123116.htm">ChoiceOne Financial Services, Inc. - 10-K</A></P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>CHOICEONE FINANCIAL SERVICES, INC</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> <U>DIRECTORS STOCK PURCHASE PLAN</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Warner Norcross &amp; Judd LLP</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">900 Old Kent Building</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">111 Lyon Street, N.W.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Grand Rapids, Michigan 49503-2489</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
 <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font: normal 10pt Times New Roman, Times, Serif">&nbsp;</P></DIV>
 <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
 <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>CHOICEONE FINANCIAL SERVICES, INC.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>DIRECTORS= STOCK PURCHASE PLAN</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>TABLE OF CONTENTS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
 <TD STYLE="width: 4%">&nbsp;</TD>
 <TD STYLE="width: 6%">&nbsp;</TD>
 <TD STYLE="width: 85%">&nbsp;</TD>
 <TD STYLE="width: 5%; text-align: center; border-bottom: Black 1pt solid">Page</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
 <TD COLSPAN="2"><U>ARTICLE</U> 1</TD>
 <TD><U>Establishment and Purposes of Plan</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>1.1</TD>
 <TD><U>Establishment of Plan; Purposes of Plan</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD COLSPAN="2"><U>Effective Date</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>1.3</TD>
 <TD><U>Number of Shares of Stock</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD COLSPAN="2"><U>ARTICLE</U> 2</TD>
 <TD><U>Definitions</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.1</TD>
 <TD><U>Committee</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.2</TD>
 <TD><U>Common Stock</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.3</TD>
 <TD><U>Company</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.4</TD>
 <TD><U>Director&rsquo;s Fee</U></TD>
 <TD STYLE="text-align: center">- 1 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.5</TD>
 <TD><U>Market Value</U></TD>
 <TD STYLE="text-align: center">- 2 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.6</TD>
 <TD><U>Participant</U></TD>
 <TD STYLE="text-align: center">- 2 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>2.7</TD>
 <TD><U>Plan</U></TD>
 <TD STYLE="text-align: center">- 2 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD COLSPAN="2"><U>ARTICLE</U> 3</TD>
 <TD><U>Administration</U></TD>
 <TD STYLE="text-align: center">- 2 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>3.1</TD>
 <TD><U>Power and Authority</U></TD>
 <TD STYLE="text-align: center">- 2 -</TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>3.2</TD>
 <TD><U>Delegat