0001193125-06-248284 Sample Contracts

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • December 7th, 2006 • ESSA Bancorp, Inc. • Pennsylvania

THIS AGREEMENT, made and entered into this 15th day of September, 2004, by and between ESSA Bank & Trust, a savings and loan association organized and existing under the laws of the State of Pennsylvania (hereinafter referred to as the “Bank”), and Thomas J. Grayuski, an Executive of the Bank (hereinafter referred to as the “Executive”).

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EXECUTIVE SALARY CONTINUATION AGREEMENT THAT SUPERCEDES AND REPLACES THE EXECUTIVE MURP AGREEMENT DATED August 24, 1999 Including Amendment #1
Continuation Agreement • December 7th, 2006 • ESSA Bancorp, Inc. • Pennsylvania

THIS AGREEMENT, made and entered into this 15th day of September, 2004, by and between ESSA Bank & Trust, a savings and loan association organized and existing under the laws of the State of Pennsylvania (hereinafter referred to as the “Bank”), and Robert Howes, Jr., an Executive of the Bank (hereinafter referred to as the “Executive”).

EMPLOYMENT AGREEMENT
Employment Agreement • December 7th, 2006 • ESSA Bancorp, Inc. • Pennsylvania

This Agreement is made effective as of (the “Effective Date”), by and between ESSA Bank & Trust, a Pennsylvania chartered stock savings association with its principal office in Stroudsburg, Pennsylvania (the “Bank”), and (“Executive”).

RP® FINANCIAL, LC. Financial Services Industry Consultants
ESSA Bancorp, Inc. • December 7th, 2006

This letter sets forth the agreement between ESSA Bank & Trust, Stroudsburg, Pennsylvania (the “Company”), and RP® Financial, LC. (“RP Financial”) for independent conversion appraisal services pertaining to the Company’s simultaneous holding company formation and mutual-to-stock conversion. The specific appraisal services to be rendered by RP Financial are described below. These services will be conducted by our senior consulting staff and will be directed by the undersigned.

ESSA BANK & TRUST CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • December 7th, 2006 • ESSA Bancorp, Inc. • Pennsylvania

This Agreement is made effective as of , 2007 (the “Effective Date”), by and between ESSA Bancorp, Inc. (the “Company”), a Pennsylvania corporation that owns 100% of the common stock of ESSA Bank & Trust (the “Bank”), a Pennsylvania chartered stock savings association, and (“Executive”).

ESSA BANK & TRUST DIRECTOR EMERITUS AGREEMENT
Director Emeritus Agreement • December 7th, 2006 • ESSA Bancorp, Inc. • Pennsylvania

THIS DIRECTOR EMERITUS AGREEMENT (the “Agreement”) is made this day of , by and between ESSA Bank & Trust (the “Bank”), ESSA Bancorp, Inc. (the “Company”) and (the “Director”).

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