Exhibit 10.19
AMENDMENT TO XXXXXXX X. XXXXXXX, XX.
EMPLOYMENT AGREEMENT
AND NOW this 21st day of January, 2004, comes Xxxxxxx X. Xxxxxxx, Xx., Resident
of Pennsylvania, Executive and Waypoint Financial Corp., a Pennsylvania
Corporation, a company with principal offices in Harrisburg, Pennsylvania; and
WHEREAS, Waypoint Financial Corp. is a party to an Employment Agreement dated 17
October, 2000, by and between Waypoint Financial Corp. and Xxxxxxx X. Xxxxxxx,
Xx. Agreement); and
WHEREAS, Waypoint Financial Corp. Board of Directors acting through its
Compensation and Benefits Committee on September 17, 2003 resolved and the full
Board ratified on October 22, 2003 that Change in Control Agreements entered
into with its Executive and Senior Officers should be amended and restated to
remove reduction provisions under the Change in Control payment paragraph; and
WHEREAS, Agreements with all other Executives having a Change in Control
Agreement have been restated.
NOW THEREFORE, the parties hereto intending to be legally bound hereby agree as
follows:
1. That paragraph 6.6 Certain Reductions in Payments is hereby
deleted in its entirety.
2. That the parties reaffirm that all other terms and conditions
of the above-referenced Employment Agreement remain in full
force and effect as of the date hereof except as previously
modified.
IN WITNESS WHEREOF the undersigned intending to be legally bound have executed
this Agreement as of the date first above written.
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Attest: Waypoint Financial Corp.
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Witness: Xxxxxxx X. Xxxxxxx, Xx.
