EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"),...Employment Agreement • February 10th, 2025 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 10th, 2025 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"),...Employment Agreement • February 10th, 2025 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 10th, 2025 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"),...Employment Agreement • February 10th, 2025 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 10th, 2025 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 ("Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 ("Arrow"),...Employment Agreement • February 10th, 2025 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 10th, 2025 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT This EMPLOYMENT AGREEMENT is effective as of February 1, 2025 (the "Agreement") among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 10th, 2025 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 10th, 2025 Company Industry Jurisdiction
Execution Version AMENDED AND RESTATED EMPLOYMENT AGREEMENT This AMENDED AND RESTATED EMPLOYMENT AGREEMENT is executed as of July 18, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at...Employment Agreement • July 21st, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledJuly 21st, 2023 Company Industry Jurisdiction
Execution Version 29851359.9 AMENDED AND RESTATED EMPLOYMENT AGREEMENT This AMENDED AND RESTATED EMPLOYMENT AGREEMENT executed as of July 18, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of...Employment Agreement • July 21st, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledJuly 21st, 2023 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 1 day of February, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 6th, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2023 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this ___1 day of February, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 6th, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2023 Company Industry Jurisdiction
ContractEmployment Agreement • February 6th, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2023 Company Industry Jurisdiction
ContractEmployment Agreement • February 6th, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2023 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 1 day of February, 2023 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 6th, 2023 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2023 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 1st, 2022 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2022 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 1st, 2022 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2022 Company Industry Jurisdiction
ContractEmployment Agreement • February 1st, 2022 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2022 Company Industry Jurisdiction
EMPLOYMENT AGREEMENT EMPLOYMENT AGREEMENT executed as of this 27 day of January, 2022 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801...Employment Agreement • February 1st, 2022 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2022 Company Industry Jurisdiction
ContractEmployment Agreement • February 1st, 2022 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2022 Company Industry Jurisdiction
EMPLOYMENT AGREEMENTEmployment Agreement • February 1st, 2021 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2021 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and EDWARD J. CAMPANELLA, residing at P.O. Box 2310, Glens Falls, New York (the “Executive”). The effective date of this Agreement shall be February 1, 2021 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 1st, 2021 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2021 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and THOMAS J. MURPHY, residing at 186 Hudson Pointe Blvd., Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2021 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 1st, 2021 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2021 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and ANDREW WISE, residing at 10 Chloes Way, Saratoga Springs, New York 12866 (the “Executive”). The effective date of this Agreement shall be February 1, 2021 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 1st, 2021 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2021 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“Saratoga”), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“GFNB”) and DAVID. S. DEMARCO, residing at 2 Ingersoll Road, Saratoga Springs, New York 12866 (the “Executive”). Collectively, Saratoga and GFNB are referred to herein as the “Bank” and the Bank and Arrow are collectively referred to herein as the “Company.” The effective date of this Agreement shall be February 1, 2021 (the “Effective Date”). Capitalized terms used herein and not othe
EMPLOYMENT AGREEMENTEmployment Agreement • February 1st, 2021 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 1st, 2021 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29th day of January, 2021 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and DAVID D. KAISER, residing at 29 Amethyst Drive, Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2021 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 3rd, 2020 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 3rd, 2020 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29 day of January, 2020 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and DAVID D. KAISER, residing at 29 Amethyst Drive, Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2020 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 3rd, 2020 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 3rd, 2020 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29 day of January, 2020 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“Saratoga”), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“GFNB”) and DAVID. S. DEMARCO, residing at 2 Ingersoll Road, Saratoga Springs, New York 12866 (the “Executive”). Collectively, Saratoga and GFNB are referred to herein as the “Bank” and the Bank and Arrow are collectively referred to herein as the “Company.” The effective date of this Agreement shall be February 1, 2020 (the “Effective Date”). Capitalized terms used herein and not otherw
EMPLOYMENT AGREEMENTEmployment Agreement • February 3rd, 2020 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 3rd, 2020 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29 day of January, 2020 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and THOMAS J. MURPHY, residing at 186 Hudson Pointe Blvd., Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2020 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 3rd, 2020 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 3rd, 2020 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29 day of January, 2020 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and EDWARD J. CAMPANELLA, residing at 42 Maxwell Road, Latham, New York (the “Executive”). The effective date of this Agreement shall be February 1, 2020 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 3rd, 2020 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 3rd, 2020 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 29 day of January, 2020 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and ANDREW WISE, residing at 10 Chloes Way, Saratoga Springs, New York 12866 (the “Executive”). The effective date of this Agreement shall be February 1, 2020 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • March 8th, 2019 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledMarch 8th, 2019 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 30 day of January, 2019 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and ANDREW WISE, residing at 10 Chloes Way, Saratoga Springs, New York 12866 (the “Executive”). The effective date of this Agreement shall be February 1, 2019 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 4th, 2019 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 4th, 2019 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 30 day of January, 2019 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“Saratoga”), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Fully, New York 12801 (“GFNB”) and DAVID. S. DEMARCO, residing at 2 Ingersoll Road, Saratoga Springs, New York 12866 (the “Executive”). Collectively, Saratoga and GFNB are referred to herein as the “Bank” and the Bank and Arrow are collectively referred to herein as the “Company.” The effective date of this Agreement shall be February 1, 2019 (the “Effective Date”). Capitalized terms used herein and not otherw
EMPLOYMENT AGREEMENTEmployment Agreement • February 4th, 2019 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 4th, 2019 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 30 day of January, 2019 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and DAVID D. KAISER, residing at 29 Amethyst Drive, Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2019 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 4th, 2019 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 4th, 2019 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 30 day of January, 2019 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and EDWARD J. CAMPANELLA, residing at 42 Maxwell Road, Latham, New York (the “Executive”). The effective date of this Agreement shall be February 1, 2019 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 4th, 2019 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 4th, 2019 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of this 30 day of January, 2019 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and THOMAS J. MURPHY, residing at 186 Hudson Pointe Blvd., Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2019 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 6th, 2018 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2018 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of February 1, 2018 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and THOMAS J. MURPHY, residing at 186 Hudson Pointe Blvd., Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2018 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 6th, 2018 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2018 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of February 1, 2018 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiary, GLENS FALLS NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (the “Bank” and collectively with Arrow, the “Company”), and DAVID D. KAISER, residing at 29 Amethyst Drive, Queensbury, New York 12804 (the “Executive”). The effective date of this Agreement shall be February 1, 2018 (the “Effective Date”). Capitalized terms used herein and not otherwise defined herein shall have the meanings set forth in Paragraph 11 of this Agreement.
EMPLOYMENT AGREEMENTEmployment Agreement • February 6th, 2018 • Arrow Financial Corp • National commercial banks • New York
Contract Type FiledFebruary 6th, 2018 Company Industry JurisdictionEMPLOYMENT AGREEMENT executed as of February 1, 2018 (“Agreement”) among ARROW FINANCIAL CORPORATION, a New York corporation with its principal place of business at 250 Glen Street, Glens Falls, New York 12801 (“Arrow”), its wholly-owned subsidiaries, SARATOGA NATIONAL BANK AND TRUST COMPANY, a national banking association with its principal place of business at 171 South Broadway, Saratoga Springs, New York 12866 (“Saratoga”), and Glens Falls National Bank and Trust Company, a national banking association with its principal place of business at 250 Glen Street, Glens Fully, New York 12801 (“GFNB”) and DAVID. S. DEMARCO, residing at 2 Ingersoll Road, Saratoga Springs, New York 12866 (the “Executive”). Collectively, Saratoga and GFNB are referred to herein as the “Bank” and the Bank and Arrow are collectively referred to herein as the “Company.” The effective date of this Agreement shall be February 1, 2018 (the “Effective Date”). Capitalized terms used herein and not otherwise defined