SUPPLEMENTAL EXECUTIVE RETIREMENT PLANSupplemental Executive Retirement Plan • October 1st, 2020 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (this “Agreement”), adopted this 25th day of September 2020, by and between Jersey Shore State Bank (the “Employer”) and Aron Carter (the “Executive”), formalizes the agreements and understanding between the Employer and the Executive.
AMENDMENT AND RESTATEMENT OF THE JERSEY SHORE STATE BANK DIRECTOR DEFERRED FEE AGREEMENTDirector Deferred Fee Agreement • March 15th, 2005 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AGREEMENT is made this 1st day of October, 2004, by JERSEY SHORE STATE BANK a Pennsylvania-chartered commercial bank located in Jersey Shore, Pennsylvania (the “Company”), and James M. Furey (the “Director”) selected to participate in this Amendment and Restatement of the Jersey Shore State Bank Director Deferred Fee Agreement (the “Agreement”), intending to be legally bound hereby.
AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • September 28th, 2018 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated October 1, 2018, between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and JSSB are sometimes referred to herein collectively as the “Employer”), and RICHARD A. GRAFMYRE, an adult individual (“Executive”).
AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • March 10th, 2021 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated March 9, 2021, between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, and RICHARD A. GRAFMYRE, an adult individual (“Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 10th, 2015 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS EMPLOYMENT AGREEMENT (“Agreement”) is made effective as of the 1st day of October, 2013 (the “Effective Date”), between PENNS WOODS BANCORP, INC. (‘Penns Woods”), a Pennsylvania business corporation, LUZERNE BANK (“Luzerne”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and Luzerne are sometimes referred to herein collectively as the “Employer”), and ROBERT J. GLUNK, an adult individual (“Executive”).
AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • August 9th, 2019 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AGREEMENT, made as of the 23rd day of July 2019, between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and JSSB are sometimes referred to herein collectively as the “Employer”), and KAREN S. YOUNG, an adult individual (“Executive”).
Penns Woods Bancorp, Inc. $20,000,000 of Common Stock (par value $5.55 per share) Equity Distribution AgreementEquity Distribution Agreement • September 13th, 2023 • Penns Woods Bancorp Inc • State commercial banks • New York
Penns Woods Bancorp, Inc., a Pennsylvania corporation (the “Company”), Jersey Shore State Bank, a Pennsylvania chartered bank (“Jersey Shore”), and Luzerne Bank, a Pennsylvania chartered bank (together with Jersey Shore, each a “Bank”, and together, the “Banks”), each enter into this Equity Distribution Agreement (this Agreement”), with D.A. Davidson & Co. (the “Distribution Agent”) as follows:
October , 2012Penns Woods Bancorp Inc • October 24th, 2012 • State commercial banks
Penns Woods Bancorp, Inc. (“Penns Woods”) and Luzerne National Bank Corporation (“Luzerne”) desire to enter into, concurrently with or following the execution of this letter agreement (this “Agreement”), an Agreement and Plan of Merger (as the same may be amended from time to time, the “Merger Agreement”), pursuant to which, among other things, Luzerne will merge with and into Penns Woods with Penns Woods surviving the merger (the “Merger”) pursuant to the terms and conditions of the Merger Agreement. Defined terms used but not otherwise defined herein shall have the meanings ascribed to them in the Merger Agreement.
AGREEMENT OF MERGER between PENNS WOODS BANCORP, INC. and THE FIRST NATIONAL BANK OF SPRING MILLSAgreement of Merger • January 26th, 1999 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
A N DEmployment Agreement • March 29th, 2001 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
EMPLOYMENT AGREEMENTEmployment Agreement • May 9th, 2012 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AGREEMENT, made the 25th day of October 2010 (the “Effective Date”), between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and JSSB are sometimes referred to herein collectively as the “Employer”), and ROBERT J. GLUNK, an adult individual (“Executive”).
PENNS WOODS BANCORP, INC. Williamsport, Pennsylvania 17701 September 28, 2010Release Agreement • October 4th, 2010 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
This letter confirms our understanding regarding your agreement to provide certain consulting services to Jersey Shore State Bank (the “Bank”) and its sole shareholder, Penns Woods Bancorp, Inc. (the “Holding Company”) (the Holding Company and the Bank sometimes will be referred to collectively as the “Company”), following your retirement as an executive officer and employee of the Company, effective September 30, 2010. The following (the “Agreement”) is intended to set forth the terms and conditions upon which we have mutually agreed.
AGREEMENT AND PLAN OF MERGER BY AND BETWEEN PENNS WOODS BANCORP, INC. AND LUZERNE NATIONAL BANK CORPORATION dated as of OCTOBER 18, 2012Agreement and Plan of Merger • October 24th, 2012 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
This AGREEMENT AND PLAN OF MERGER (this “Agreement”), dated as of October 18, 2012, is made between Penns Woods Bancorp, Inc., a Pennsylvania corporation (“Penns Woods”), and Luzerne National Bank Corporation, a Pennsylvania corporation (“Luzerne”). Certain capitalized terms have the meanings given to them in Article I.
EXHIBIT 10.2 EXECUTIVE EMPLOYMENT AGREEMENT THIS AGREEMENT is made as of the 1st day of January, 1995, by and among PENNS WOODS BANCORP, INC. ("Penns Woods"), a Pennsylvania business corporation, JERSEY SHORE STATE BANK ("Jersey Shore"), a...Executive Employment Agreement • October 16th, 1998 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
SECOND AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • February 6th, 2014 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS SECOND AMENDMENT TO EMPLOYMENT AGREEMENT, made as of the 1st day of February 2014, by and among PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and JSSB are sometimes referred to herein collectively as the “Employer”), and RICHARD A. GRAFMYRE (“Executive”), an adult individual.
AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • July 21st, 2022 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDMENT TO EMPLOYMENT AGREEMENT, made as of the 15th day of July 2022, by and between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, and BRIAN L. KNEPP, and adult individual (“Executive”).
PENNS WOODS BANCORP, INC. Williamsport, Pennsylvania 17701 July 8, 2005Penns Woods Bancorp Inc • July 18th, 2005 • State commercial banks • Pennsylvania
This letter confirms our understanding regarding your agreement to provide certain consulting services to Jersey Shore State Bank (the “Bank”) and its sole shareholder, Penns Woods Bancorp, Inc. (the “Holding Company”) (the Holding Company and the Bank sometimes will be referred to collectively as the “Company”), following your retirement as an executive officer and employee of the Company, effective July 15, 2005. The following (the “Agreement”) is intended to set forth the terms and conditions upon which we have mutually agreed.
AMENDMENT AND RESTATEMENT OF THE JERSEY SHORE STATE BANK DIRECTOR DEFERRED FEE AGREEMENTFee Agreement • March 15th, 2005 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AGREEMENT is made this 1st day of October, 2004, by JERSEY SHORE STATE BANK a Pennsylvania-chartered commercial bank located in Jersey Shore, Pennsylvania (the “Company”), and Ron Walko (the “Director”) selected to participate in this Amendment and Restatement of the Jersey Shore State Bank Director Deferred Fee Agreement (the “Agreement”), intending to be legally bound hereby.
AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • December 15th, 2023 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated December 12, 2023, between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, and RICHARD A. GRAFMYRE, an adult individual (“Executive”).
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (Amendment No. 1)Employment Agreement • June 3rd, 2019 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDMENT NO. 1 TO AMENDED AND RESTATED EMPLOYMENT AGREEMENT, dated May 31, 2019, between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and JSSB are sometimes referred to herein collectively as the “Employer”), and RICHARD A. GRAFMYRE, an adult individual (“Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 14th, 2008 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AGREEMENT, made as of the 11th day of January 1999, among PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation having a place of business at 115 South Main Street, Jersey Shore, Pennsylvania, JERSEY SHORE STATE BANK (“Bank”), a Pennsylvania banking institution having a place of business at 115 South Main Street, Jersey Shore, Pennsylvania, and WILLIAM H. ROCKEY (“Executive”), an adult individual.
EMPLOYMENT AGREEMENTEmployment Agreement • June 3rd, 2005 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AGREEMENT, made the 31st day of May 2005, between JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of PENNS WOODS BANCORP, INC. (“Penns Woods”), and THOMAS A. DONOFRIO, an adult individual (“Executive”).
AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • June 14th, 2012 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDMENT TO EMPLOYMENT AGREEMENT, made as of the 12th day of June 2012, by and among PENNW WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, JERSEY SHORE STATE BANK (“JSSB”), a Pennsylvania banking institution and wholly owned subsidiary of Penns Woods (Penns Woods and JSSB are sometimes referred to herein collectively as the “Employer”), and RICHARD A. GRAFMYRE (“Executive”), an adult individual.
ANDEmployment Agreement • October 16th, 1998 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • July 21st, 2022 • Penns Woods Bancorp Inc • State commercial banks • Pennsylvania
THIS AMENDMENT TO EMPLOYMENT AGREEMENT, made as of the 15th day of July 2022, by and between PENNS WOODS BANCORP, INC. (“Penns Woods”), a Pennsylvania business corporation, and RICHARD A. GRAFMYRE, and adult individual (“Executive”).
FIRST AMENDMENTPenns Woods Bancorp Inc • June 29th, 2006 • State commercial banks
THIS FIRST AMENDMENT is adopted this ____ day of ________________, 2006, effective as of January 1, 2005, by and between JERSEY SHORE STATE BANK, a Pennsylvania-chartered commercial bank located in Jersey Shore, Pennsylvania (the “Company”), and (the “Director”).
