Form of KNBT Letter AgreementLetter Agreement • September 7th, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered
National Penn Bancshares, Inc. ("NPB") and KNBT Bancorp, Inc. (“KNBT”) are entering into concurrently herewith an Agreement and Plan of Merger to be dated as of September , 2007 (the "Agreement").
FIRST AMENDMENT TO EMPLOYMENT AGREEMENTEmployment Agreement • September 7th, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania
FIRST AMENDMENT TO AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • September 7th, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania
RELEASE, CONSULTING AND NONCOMPETITION AGREEMENTRelease, Consulting and Noncompetition Agreement • September 7th, 2007 • KNBT Bancorp Inc • Savings institutions, not federally chartered • Pennsylvania
This Release, Consulting and Noncompetition Agreement (this “Agreement”) is being entered into as of September 6, 2007, by and between National Penn Bancshares, Inc., a Pennsylvania corporation (“National Penn”), National Penn Bank, a national banking association and a wholly-owned subsidiary of National Penn (“NPBank”), KNBT Bancorp, Inc., a Pennsylvania corporation (“KNBT”), Keystone Nazareth Bank & Trust Company, a wholly-owned subsidiary of KNBT and a Pennsylvania-chartered savings bank (the “Bank”), and Eugene T. Sobol (the “Consultant”).
