Item 5.02: Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.
(e) On February 22, 2023, Community Bancorp. (the "Company") and its
wholly-owned subsidiary, Community National Bank (the "Bank"), entered into a
Change in Control Agreement with Leslie Delhaie (the "Agreement"). Ms. Delhaie
serves as a Vice President of the Company and as Executive Vice President and
Chief Operating and Innovation Officer of the Bank. The terms of the Agreement,
including the Change in Control benefit to be paid and the duration of the
covered period in connection with a change in control, are substantively the
same as the terms of the Change of Control Agreements for President and Chief
Executive Officer Kathryn Austin, Secretary and Treasurer Louise Bonvechio and
Vice President Christopher Caldwell, described in Item 5.02(e) of the Company's
Current Report on Form 8-K filed on September 9, 2021 and incorporated
herein by reference. Such description does not purport to be complete and is
qualified in its entirety by reference to the full text of the Agreement, which
is filed as Exhibit 10.4 to this Report and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
The following Exhibits are filed herewith:
Exhibit Change in Control Agreement, dated as of February 22, 2023, among
10.4 the Company, Community National Bank and Vice President Leslie
Delhaie.
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