AMENDMENT NUMBER 2Employment Agreement • June 28th, 2005 • KNBT Bancorp Inc • Savings institutions, not federally chartered
WHEREAS, in connection with the entering into of the Agreement and Plan of Merger between Keystone Savings Bank (now known as Keystone Nazareth Bank & Trust Company) (the ”Bank”) and First Colonial Group, Inc. (“First Colonial”) (the “Merger Agreement”), the Bank and Eugene T. Sobol (the “Executive”) entered into an Employment Agreement dated March 5, 2003 as amended effective as of December 31, 2004 as described below (referred to hereinafter as the “Agreement”);
