NORTH PENN BANK AND NORTH PENN BANCORP, INC. FORM OF EMPLOYMENT AGREEMENTNorth Penn Bank And • February 15th, 2005 • North Penn Bancorp, Inc. • Savings institution, federally chartered • Pennsylvania
This AGREEMENT (“Agreement”) is made effective as of , 2005 by and among North Penn Bank (the “Bank”), a Pennsylvania state-chartered savings bank, with its principal administrative office at 216 Adams Avenue, Scranton, Pennsylvania 18503; North Penn Bancorp, Inc., a corporation organized under the laws of the Commonwealth of Pennsylvania, the holding company for the Bank (the “Holding Company”); and Theresa Yocum (“Executive”).
NORTH PENN BANCORP, INC. (a Pennsylvania stock corporation) Up to 861,638 Shares (Subject to Increase Up to 990,883 Shares) COMMON STOCK ($0.10 Par Value) Subscription Price $10.00 Per Share AGENCY AGREEMENTNorth Penn • February 15th, 2005 • North Penn Bancorp, Inc. • Savings institution, federally chartered • New Jersey
