Exhibit 10 (cc)

AMENDMENT
TO
RESTRICTED STOCK
AWARD AGREEMENT
 
THIS AMENDMENT is made this ____ day of ____, ____, by and between DNB Financial
Corporation (“Holding Company”) and ____________ (“Grantee”).
 
W I T N E S S E T H:
 
WHEREAS, the Holding Company and the Grantee entered into a Restricted Stock
Award Agreement dated as of  _________ (“Agreement”), whereby Holding Company
granted to Grantee the right to receive ________shares (as adjusted for Stock
Dividends, if any) of the Holding Company’s common stock, subject to the vesting
conditions and transferability restrictions set forth therein; and
 
WHEREAS, the parties wish to amend the Agreement to revise the vesting
conditions.
 
NOW, THEREFORE, the Agreement is hereby amended in the manner set forth below.
 
1.  The first sentence of Paragraph 2 is revised to read as follows:
 
Subject to such further terms and conditions of the Plan as may be applicable,
Grantee shall first be entitled to the Award Shares on a date (the “Vesting
Date”) that shall be the earlier of (1) the Third (3rd) anniversary of the Grant
Date, (2) the date of Grantee’s death, (3) Grantee’s termination of employment
on account of disability, (4) the date on which a “Change in Control” as
hereinafter defined of the Company occurs, or (5) the date as of which the
Grantee attains age sixty-five (65).
 
2.  The last sentence of Paragraph 2 is revised to read as follows:
 
If Grantee’s employment terminates for any reason prior to the Vesting Date,
this Agreement shall automatically terminate, the Grantee shall forfeit all
rights hereunder, and no shares of common stock or other consideration shall be
transferred to Grantee pursuant to the Agreement.
 
IN WITNESS WHEREOF, the parties have entered into this Amendment as of first
date set forth above.
 
 
 
 

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DNB FINANCIAL CORPORATION

     
ATTEST:
 
BY:
                                                                                
                                                                              
Name:
 
Name:
           
Witness:
 
GRANTEE
 
                                                                                
 
                                                                            
Name:
 
Name:

 
 
 

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