HUDSON UNITED BANCORP SUPPLEMENTAL EMPLOYEES’ RETIREMENT PLAN PARTICIPATION AGREEMENTSupplemental Employees’ Retirement Plan • August 24th, 2005 • Hudson United Bancorp • State commercial banks • New Jersey
This restated Participation Agreement (this “Agreement”) is entered into effective March 18, 2004 between Kenneth T. Neilson (the “Participant”) and Hudson United Bancorp (the “Employer”). The Compensation Committee has previously designated the Participant as a Member in the Hudson United Bancorp Supplemental Employees’ Retirement Plan (the “Plan”), as such Plan was restated effective October 1, 2002, under the terms and conditions set forth in this Agreement. This restated Agreement takes into account certain revisions and clarifications made by the Employer’s Board of Directors, and is in all other respects a restatement of the Participation Agreement previously entered into (and subsequently amended) between the Participant and the Employer. The parties agree that the participation shall be on the terms and conditions hereinafter set forth:
