0001169232-05-005174 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • November 3rd, 2005 • Alliance Financial Corp /Ny/ • National commercial banks

THIS AGREEMENT is dated as of October 6, 2005 (“Effective Date”) between ALLIANCE FINANCIAL CORPORATION (“Corporation”), ALLIANCE BANK,N.A. (“Bank”) (collectively “Alliance”) having a principal place of business at 120 Madison Street, Syracuse, New York 13202, and JOHN H. WATT, JR., residing at 42 Monroe Avenue, Pittsford, New York 14534, the (“Executive”).

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