0000950159-10-000046 Sample Contracts

Contract
Executive Agreement • February 1st, 2010 • National Penn Bancshares Inc • National commercial banks • Pennsylvania
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NATIONAL PENN BANCSHARES, INC. AND NATIONAL PENN BANK LETTER AGREEMENT
Employment Agreement • February 1st, 2010 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

This letter agreement (the “Letter Agreement”) sets forth the terms of your continued employment and consulting arrangement with the Company, which will become effective if you choose by signing it and delivering it to the Company. Capitalized terms used herein without definition shall have the meanings assigned to such terms under the Prior Agreement. Except as otherwise specifically incorporated by reference into this Letter Agreement, the terms and conditions of the Prior Agreement are hereby terminated and of no further force and effect.

AMENDMENT TO EMPLOYMENT AGREEMENT
Employment Agreement • February 1st, 2010 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

This AMENDMENT TO EMPLOYMENT AGREEMENT (the “Amendatory Agreement”) is dated January 27, 2010, between NATIONAL PENN BANCSHARES, INC., a Pennsylvania business corporation (the “Company”), NATIONAL PENN BANK, a national banking association (“Bank”), and SCOTT V. FAINOR (“Executive”).

NATIONAL PENN BANCSHARES, INC. CONSULTING AND NONCOMPETITION AGREEMENT
Consulting and Noncompetition Agreement • February 1st, 2010 • National Penn Bancshares Inc • National commercial banks • Pennsylvania

This Consulting and Noncompetition Agreement (this “Agreement”) is being entered into as of as of January 27, 2010, by and between National Penn Bancshares, Inc., a Pennsylvania corporation (“National Penn”), and Michael R. Reinhard (the “Consultant”).

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