Release, Consulting and Noncompetition Agreement Sample Contracts

RELEASE, CONSULTING AND NONCOMPETITION AGREEMENT
Release, Consulting and Noncompetition Agreement • April 15th, 2005 • Newalliance Bancshares Inc • National commercial banks • Connecticut

This Release, Consulting and Noncompetition Agreement (this “Agreement”) is entered into as of April 12, 2005, by and between NewAlliance Bancshares, Inc., a Delaware corporation (“NewAlliance”), NewAlliance Bank, a Connecticut savings bank and a wholly-owned subsidiary of NewAlliance (“NewAlliance Bank”), Cornerstone Bancorp, Inc., a Connecticut corporation (“Cornerstone”), Cornerstone Bank, a Connecticut bank and a wholly-owned subsidiary of Cornerstone (“Cornerstone Bank”), and James P. Jakubek (the “Consultant”).

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RELEASE, CONSULTING AND NONCOMPETITION AGREEMENT
Release, Consulting and Noncompetition Agreement • April 19th, 2005 • Cornerstone Bancorp Inc • National commercial banks • Connecticut

This Release, Consulting and Noncompetition Agreement (this “Agreement”) is entered into as of April 12, 2005, by and between NewAlliance Bancshares, Inc., a Delaware corporation (“NewAlliance”), NewAlliance Bank, a Connecticut savings bank and a wholly-owned subsidiary of NewAlliance (“NewAlliance Bank”), Cornerstone Bancorp, Inc., a Connecticut corporation (“Cornerstone”), Cornerstone Bank, a Connecticut bank and a wholly-owned subsidiary of Cornerstone (“Cornerstone Bank”), and James P. Jakubek (the “Consultant”).

RELEASE, CONSULTING AND NONCOMPETITION AGREEMENT
Release, Consulting and Noncompetition Agreement • October 10th, 2007 • National Penn Bancshares Inc • National commercial banks • 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”).

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