Exhibit 10.3
 
RENEWAL OF
 
EMPLOYMENT AGREEMENT BETWEEN
 
DREW K. HOSTETTER AND
 
SUSQUEHANNA BANCSHARES, INC.
 
As of Wednesday, January 16, 2002 employment of Drew K. Hostetter is hereby
deemed to be renewed for three (3) years under the terms and conditions per the
employment agreement dated March 12, 2001, but effective as of February 28,
2001, as amended.
 
The base salary as per Section 4.1 will be $281,960 per year.
 
Attest:
  
SUSQUEHANNA BANCSHARES, INC.
      
/s/ Lisa M. Cavage                                         
  
By: /s/ William J. Reuter                                     
Secretary
  
President and Chief Executive Officer
      
(SEAL)
    

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