Exhibit 10.9
CHANGE IN CONTROL SEVERANCE AGREEMENT
SIMSBURY BANK AND TRUST COMPANY
This Agreement is made and entered into, effective as of the 30th day of December, 2008, by and between
Simsbury Bank & Trust Company, a state bank and trust company with its principal office and place of business
at 981 Hopmeadow Street, Simsbury, Connecticut 06070 ("Bank") and Howard R. Zern, a resident of West
Hartford, Connecticut ("Executive").
W I T N E S S E T H:
WHEREAS, Executive is employed by Bank as Senior Vice President and Chief Retail Banking, Operations and
Technology Officer;
WHEREAS, the Board of Directors of Bank considers it to be in the best interests of Bank and the stockholders
of Bank to foster the continued employment of Executive in the event of a Potential Change-in-Control (as
hereinafter defined), although no specific such event is now contemplated or foreseen;
WHEREAS, Bank desires to assure Executive of what it considers to be fair and reasonable terms in the event of
a Change-in-Control (as hereinafter defined), and Executive so agrees;
NOW THEREFORE, in consideration of the promises and mutual covenants herein contained, the parties hereto,
intending to be legally bound, do hereby mutually covenant and agree as follows:
1. Term of Agreement.
(a) Generally. Except as provided in Section 1(b) hereof, (i) this Agreement shall be effective as of the date and
year first above written, and shall continue in effect through December 31, 2009, and (ii) commencing on January
1, 2010, and each January 1 thereafter, this Agreement shall be automatically extended for one additional year
unless, not later than September 30th of the preceding year, either party to this Agreement gives written notice to
the other that the Agreement shall not be extended under this Section 1(a); provided, however, that no such
notice by Bank shall be effective if prior to the date of such notice (i) a "Potential Change in Control" shall have
occurred and the event giving rise thereto has not been te