PENNS WOODS BANCORP, INC. Williamsport, Pennsylvania 17701 July 8, 2005Consulting Agreement • July 18th, 2005 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
This letter confirms our understanding regarding your agreement to provide certain consulting services to Jersey Shore State Bank (the “Bank”) and its sole shareholder, Penns Woods Bancorp, Inc. (the “Holding Company”) (the Holding Company and the Bank sometimes will be referred to collectively as the “Company”), following your retirement as an executive officer and employee of the Company, effective July 15, 2005. The following (the “Agreement”) is intended to set forth the terms and conditions upon which we have mutually agreed.
