EMPLOYMENT AGREEMENTEmployment Agreement • May 12th, 2022 • Norwood Financial Corp • State commercial banks • Pennsylvania
THIS AGREEMENT is entered into this 9th day of May, 2022 (the “Effective Date”), by and between James O. Donnelly (the “Executive”), Wayne Bank (the “Bank”), and Norwood Financial Corp (the “Company”).
STOCK AWARD AGREEMENT PURSUANT TO THE NORWOOD FINANCIAL CORP. FOR EXECUTIVE OFFICERSStock Award Agreement • May 12th, 2022 • Norwood Financial Corp • State commercial banks
Stock Award. This Stock Award Agreement (this “Agreement”) shall constitute an award (“Stock Award”) of Norwood Financial Corp (“Company”) common stock granted to James O. Donnelly (“Executive”) related to the sign-on equity award referenced in the Employment Offer Letter as an inducement for the Executive’s future employment services with the Company and Wayne Bank (the “Bank”) with such Stock Award being approved by the Company’s Compensation Committee and granted as of May 10, 2022 (“Date of Grant”) in accordance with the terms and conditions set forth herein, as follows:
SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • May 12th, 2022 • Norwood Financial Corp • State commercial banks • Pennsylvania
This Salary Continuation Agreement (the “Agreement”), by and between Wayne Bank, located in Honesdale, Pennsylvania (the “Employer”), and James O. Donnelly (the “Executive”), this 10th day of May, 2022, formalizes the agreements and understanding between the Employer and the Executive.
