0000950159-06-001509 Sample Contracts

PERFORMANCE SHARE AWARD AGREEMENT AND TRUST AGREEMENT KNBT BANCORP, INC.
Performance Share Award Agreement • November 9th, 2006 • KNBT Bancorp Inc • Savings institutions, not federally chartered

THIS AGREEMENT is made as of this __ day of ______ 2006 (hereinafter referred to as the “Date of Grant”) by and between KNBT Bancorp, Inc. (the “Corporation”) and _________ (the “Recipient”). Defined terms, unless otherwise defined herein, shall have the same meaning as set forth in the Plan (as hereinafter defined), as amended from time to time.

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EMPLOYMENT AGREEMENT
Employment Agreement • November 9th, 2006 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

THIS EMPLOYMENT AGREEMENT is being made this ___ day of November, 2005, by and between KEYSTONE NAZARETH BANK & TRUST COMPANY, a Pennsylvania corporation (“Employer”), and G. ALLEN WEISS (“Employee”).

KNBT BANCORP, INC. EXECUTIVE ANNUAL INCENTIVE PLAN PERFORMANCE AGREEMENT
Incentive Plan Performance Agreement • November 9th, 2006 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

KNBT Bancorp, Inc. (“KNBT”), pursuant to the terms and in accordance with the KNBT Bancorp, Inc. Executive Annual Incentive Plan (the “Plan”), hereby grants to ______________ (“Officer”) an Incentive Award under the terms set forth in this Performance Agreement (“Agreement”), effective as of ________________ 2006:

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