0001236964-07-000060 Sample Contracts

FORM OF AGREEMENT WITH RESPECT TO FORFEITURES OF SHARES COVERED BY PERFORMANCE- BASED RESTRICTED STOCK AWARD

Performance Share Award Agreement • March 16th, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania

• Contract Type
  Performance Share Award Agreement
• Filed
  March 16th, 2007
• Company
  KNBT Bancorp Inc
• Industry
  Savings institutions, not federally chartered
• Jurisdiction
  Pennsylvania

WHEREAS, the Corporation granted to the Recipient on ______________________, 2006 (the “Grant Date”) a Performance Share Award (the “Award”) covering _____________ shares (the “Shares”) of the common stock, $0.01 par value per share (the “Common Stock”), of the Corporation, pursuant to the terms of the 2004 Recognition and Retention Plan and Trust Agreement (the “Plan”);