Summary of UNION BANKSHARES INC

Item 5.02: Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers; Compensatory Arrangements of Certain

                 Officers.

e) Incentive Stock Options.

   On January 7, 2009, the Board of Directors of Union Bankshares, Inc., (the "Company")
approved the issuance of incentive stock options under the Company's 2008 Incentive
Stock Option Plan, to the following executive officers of the Company:

Name and Title(s) with the Company and                                 Number of Shares
Its Subsidiary (Union Bank)                                            Subject to Option
----------------------------------------------------------------------------------------

Kenneth D. Gibbons, President & Chief Executive                              2,000
Officer, the Company and Union Bank

Marsha A. Mongeon, Vice President, Treasurer &                               1,000
Chief Financial Officer, the Company
Senior Vice President & Treasurer, Union Bank

David S. Silverman, Vice President, the Company                              1,000
Senior Vice President, Union Bank

The exercise price of all such options is $19.19, which represents the closing price of the Company's common stock on the date of the grant. All options are subject to a one-year vesting period before they become exercisable and expire 5 years after the date of the grant.