Exhibit 10(d)

CHANGE IN CONTROL, SEVERANCE AND EMPLOYMENT AGREEMENT FOR KENNETH T.
NEILSON (Single Trigger; Gross-Up)

THIS CHANGE IN CONTROL SEVERANCE AND EMPLOYMENT AGREEMENT(the Agreement),
is made this 1st day of January, 1997, among HUBCO, Inc. (HUBCO), a New Jersey corporation which maintains its principal office at 1000 MacArthur Boulevard., Mahwah, New Jersey, HUDSON UNITED BANK (the Bank), a New Jersey
chartered commercial bank, with an office at 1000 MacArthur Boulevard., Mahwah, New Jersey (HUBCO and the Bank collectively are referred to herein as the Company) and KENNETH T. NEILSON (the Executive).

BACKGROUND

WHEREAS, the Executive has been employed by HUBCO and the Bank for
many years, most recently as Chairman, President and Chief Executive Officer;

WHEREAS, the Executive throughout his tenure has worked
diligently in his position in the business of HUBCO and the Bank;

WHEREAS, the Board of Directors of HUBCO and the Bank believe that the
future services of the Executive are of great value to HUBCO and the Bank and that it is important for the growth and development of HUBCO and the Bank that the Executive continue in his position;

WHEREAS, if HUBCO receives any proposal from a third person concerning a possible business combination with, or acquisition of equities securities of, the Company,
the Board of Directors of HUBCO (the Board) believes it is imperative that HUBCO and the Bank and the



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Board be able to rely upon the Executive to continue in his position, and that they be able to
receive and rely upon his advice, if they request it, as to the best interests of the Company and its shareholders, without concern that the Executive might be distracted by the personal uncertainties and risks created by such a proposal;

WHEREAS, to achieve that goal, and to retain the Executives services prior to any such activity, the Board of Directors and the Executive have
agreed to enter into this Agreement to provide the Executive with continued employment or certain termination benefits in the event of a Change in Control, as hereinafter defined;

WHEREAS, due to the uncertainties created in certain contracts by the requirement that an executive have good reason before any resignation, it is the
intention of the Board that, among other things, the Executive is given the right hereunder to resign at any time and for any reason and to receive the payments and benefits provided hereunder if he works for the Company for 90 days following a
Change in Control.

NOW, THEREFORE, to assure the Company that it will have the continued dedication of the Executive and the availability
of his advice and counsel notwithstanding the possibility, threat or occurrence of a bid to take over control of the Company, and to induce the Executive to remain in the employ of the Company, and for other good and valuable consideration, the
Company and the Executive, each intending to be legally bound hereby agree as follows:

1.     Definitions

a.     Cause.  For purposes of this Agreement Cause with
respect to the termination by the Company of Executives employment shall mean (i) willful and continued failure by the Executive to materially perform his duties for the Company under this Agreement after at



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least one warning in writing from the Companys Board of Directors identifying specifically
any such material failure and offering a reasonable opportunity to cure such failure; (ii) the willful engaging by the Executive in material misconduct which causes material injury to the Company as specified in a written notice to the Executive
from the Board of Directors; or (iii) conviction of a crime (other than a traffic violation), habitual drunkenness, drug abuse, or excessive absenteeism other than for illness, after a warning (with respect to drunkenness or absenteeism only) in
writing from the Board of Directors to refrain from such behavior.  No act or failure to act on the part of the Executive shall be considered willful unless done, or omitted to be done, by the Executive not in good faith and without reasonable
belief that the action or omission was in the best interest of the Company.  The Company shall have the burden of proving cause by clear and convincing evidence.

b.     Change in Control.

| | (i)    
 Definition.  For purposes of this Agreement, a Change in Control shall mean the occurrence of any of the following events with respect to HUBCO:
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| |                                                                                                                                               | combined entity unless one-half of the board of directors of the surviving, new or combined entity were directors of HUBCO immediately prior to such transaction and HUBCOs
chief executive officer immediately prior to such transaction continues as the chief executive officer of the surviving, new or combined entity; or                                                                                                                                 
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| |                                                                                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |                                                                                                                                               | (C)     During any period of two consecutive calendar years, individuals who at the beginning of such period constitute the Board of Directors of HUBCO cease for any
reason to constitute at least two-thirds thereof, unless the election or nomination for the election by HUBCOs stockholders of each new director was approved by a vote of at least two-thirds of the directors then still in office who were
directors at the beginning of the period; or
| |                                                                                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |                                                                                                                                               | (D)     The transfer of all or substantially all of HUBCOs assets or all or substantially all of the assets of its primary subsidiaries.                                                                                                                                                                                                                                                                                                                        
| |                                                                                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| | (ii)     Time of
Change in Control.  For purposes of this Agreement, a Change in Control of HUBCO shall be deemed to occur on the earlier of:
| |                                                                                                                                              
| |                                                                                                                                               | (A)     The first date on which a single person or entity or group of affiliated persons or entities acquire the beneficial ownership of 25% or more of HUBCOs voting
securities; or                                                                                                                                                                                                                                                                            
| |                                                                                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
| |                                                                                                                                               | (B)     Forty-five (45) days prior to the date HUBCO enters into a definitive agreement to merge, consolidate, combine or sell the assets of HUBCO; provided however, that
for purposes of any resignation by                                                                                                                                                                                                                                                    
| |                                                                                                                                               |                                                                                                                                                                                                                                                                                                                                                                                                                                                                  



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|                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                    | the Executive, the Change in Control shall not be deemed to occur until the consummation of the merger, consolidation, combination or sale, as the case may be, except if this
Agreement is not expressly assumed in writing by the acquiring company, then the Change in Control shall be deemed to occur the day before the consummation; and further provided that if any definitive agreement to merge, consolidate, combine or sell
assets is terminated without consummation of the acquisition, then no Change in Control shall have been deemed to have occurred; or
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|                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                    | (C)     The date upon which the election of directors occurs qualifying under Section b(i)(C) above.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|c.     Contract
Period.  Contract Period shall mean the period commencing the day immediately preceding a Change in Control and ending on the earlier of (i) two years after the consummation of any event giving rise to the Change in Control or
(ii) the date the Executive would attain age 65.
|                                                                                                                                                                                                                                                                                                     
|d.     Exchange
Act.  Exchange Act means the Securities Exchange Act of 1934, as amended.                                                                                                                                                                                                          
|                                                                                                                                                                                                                                                                                                     
|e.     Good
Reason.  When used with reference to a voluntary termination by Executive of his employment with the Company, Good Reason shall mean any of the following, if taken without Executives express written consent:                                                                       
|                                                                                                                                                                                                                                                                                                      |                                                                                                                                                                                                                                                                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|                                                                                                                                                                                                                                                                                                      | (i)     The
assignment to Executive of any duties inconsistent with, or the reduction of authority, powers or responsibilities associated with, Executives position, title, duties, responsibilities and status with the Company immediately prior to a Change
in



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| | Control; any removal of Executive from, or any failure to re-elect Executive to, any position(s) or office(s) Executive held immediately prior to such Change in Control.  A
change in position, title, duties, responsibilities and status or position(s) or office(s) resulting from a Change in Control or from a merger or consolidation of the Company into or with another bank or company shall not meet the requirements of
this paragraph if, and only if, the Executives new title, duties and responsibilities are accepted in writing by the Executive, in the sole discretion of the Executive.
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| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | (ii)     A reduction
by the Company in Executives annual base compensation as in effect immediately prior to a Change in Control or the failure to award Executive any annual increases in accordance herewith;                                                                                                                                                                                                                                                                                                                                                                                             
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | (iii)     A failure
by the Company to continue any bonus plan in which Executive participated immediately prior to the Change in Control or a failure by the Company to continue Executive as a participant in such plan on at least the same basis as Executive participated
in such plan prior to the Change in Control;                                                                                                                                                                                                                                                                                   
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | (iv)     The
Companys transfer of Executive to another geographic location outside of New Jersey or more than 25 miles from his present office location, except for required travel on Companys business to an extent substantially consistent with
Executives business travel obligations immediately prior to such Change in Control;                                                                                                                                                                                                                                                                   
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
| | (v)     The failure
by the Company to continue in effect any employee benefit plan, program or arrangement (including, without limitation the Companys 401(k) plan, the Companys pension plan, life insurance plan, health and accident plan, disability plan, or
stock option plan) in which Executive is participating immediately prior to a                                                                                                                                                                                                                                                            



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| | Change in Control (except that the Company may institute or continue plans, programs or arrangements providing Executive with substantially similar benefits); the taking of any
action by the Company which would adversely affect Executives participation in or materially reduce Executives benefits under, any of such plans, programs or arrangements; the failure to continue, or the taking of any action which would
deprive Executive, of any material fringe benefit enjoyed by Executive immediately prior to such Change in Control; or the failure by the Company to provide Executive with the number of paid vacation days to which Executive was entitled immediately
prior to such Change in Control;
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| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (vi)     The failure
by the Company to obtain an assumption in writing of the obligations of the Company to perform this Agreement by any successor to the Company and to provide such assumption to the Executive prior to any Change in Control; or                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
| | (vii)     Any
purported termination of Executives employment by the Company during the term of this Agreement which is not effected pursuant to all of the requirements of this Agreement; and, for purposes of this Agreement, no such purported termination
shall be effective.                                                                                                                                                                                                                                                                                                                                                                                                                                       
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          

f.     Voting
Securities.  Voting securities means HUBCOs common stock, together with any preferred stock entitled to vote generally in elections for directors or other matters.  With respect to preferred stock, in determining the
percentage of beneficial ownership of voting securities, the number of votes to which the holder is entitled in the election of directors with the common holders, and not the number of shares, shall be the basis of the calculation.



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2.     Employment.  During the Contract Period, the Company hereby agrees to employ the Executive, and the Executive hereby
accepts employment upon the terms and conditions set forth herein.

3.     Position.  During the
Contract Period the Executive shall be employed as the Chairman, President and Chief Executive Officer of HUBCO and the Bank, or such other corporate or divisional profit center as shall then be the principal successor to the business, assets and
properties of the Company, with substantially the same title and the same duties and responsibilities as before the Change in Control. The Executive shall devote his full time and attention to the business of the Company, and shall not during the
Contract Period be engaged in any other business activity.  This paragraph shall not be construed as preventing the Executive from managing any investments of his which do not require any substantial service on his part in the operation of such
investments.

4.     Cash Compensation.  The Company shall pay to the Executive compensation for his
services during the Contract Period as follows:

a.     Annual
Salary.  An annual salary equal to the annual salary in effect as of the Change in Control.  The annual salary shall be payable in installments in accordance with the Companys usual payroll method.   The annual salary
shall not be reduced during the Contract Period.

b.     Annual
Bonus.  An annual cash bonus equal to the highest of the bonuses paid to the Executive for the three fiscal years prior to the Change in Control.  The bonus shall be payable at the time and in the manner which the Company paid such
bonuses prior to the Change in Control.



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c.     Annual Review.  The Board of Directors of the Company during the Contract
Period shall review annually, or at more frequent intervals which the Board determines is appropriate, the Executives compensation and shall award him additional compensation to reflect the Executives performance, the performance of the
Company and competitive compensation levels, all as determined in the discretion of the Board of Directors.

5.     Expenses and Fringe Benefits.

a.     Expenses.  During the Contract Period, the Executive shall be entitled to
reimbursement for all business expenses incurred by him with respect to the business of the Company in the same manner and to the same extent as such expenses were previously reimbursed to him immediately prior to the Change in Control.

b.     Supplemental Executive Retirement Plan. 
During the Contract Period, if the Executive was entitled to benefits under the Companys Supplemental Executive Retirement Plan (SERP) prior to the Change in Control, the Executive shall be entitled to continued benefits under the
SERP after the Change in Control and such SERP may not be modified to reduce or eliminate the accrual of or vesting of such benefits during the Contract Period.

c.     Club Membership and Automobile.  If prior to the Change in Control, the
Executive was entitled to membership in a country club and/or the use of an automobile, he shall be entitled to the same membership and/or use of an automobile at least comparable to the automobile provided to him prior to the Change in Control
during the Contract Period.

d.     Other Benefits. 
The Executive also shall be entitled to vacations and sick days, in accordance with the practices and procedures of the Company, as such existed



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immediately prior to the Change in Control.  During the Contract Period, the Executive also
shall be entitled to hospital, health, medical and life insurance, and any other benefits enjoyed, from time to time, by senior officers of the Company, all upon terms as favorable as those enjoyed by other senior officers of the Company. 
Notwithstanding anything in this paragraph 5(d) to the contrary, if the Company adopts any change in the benefits provided for senior officers of the Company, and such policy is uniformly applied to all officers of the Company (and any successor or
acquirer of the Company, if any), including the chief executive officer of such entities, then no such change shall be deemed to be contrary to this paragraph.

6.     Termination for Cause.  The Company shall have the right to terminate the Executive for Cause, upon written notice to him
of the termination which notice shall specify the reasons for the termination and provide, if practical, an opportunity for the Executive to cure such Cause.  In the event of a valid termination for Cause the Executive shall not be entitled to
any further benefits under this Agreement.

7.     Disability.  During the Contract Period if the
Executive becomes permanently disabled, or is unable to perform his duties hereunder for 4 consecutive months in any 12 month period, the Company may terminate the employment of the Executive.  In such event, the Executive shall be entitled to
the payments and benefits provided under Section 9 hereof as if the Executive had been terminated hereunder without Cause upon such date.

8.     Death Benefits.  Upon the Executives death during the Contract Period, the Executive shall be deemed to terminate
without cause as of the date of death and his estate shall be entitled to the payments and benefits provided under Section 9 hereof as if the Executive had been terminated without cause upon such date.



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9.     Termination Without Cause or Resignation.

a.     Termination Without Cause.  The Company may terminate the Executive
without Cause during the Contract Period by written notice to the Executive.

b.     Resignation for Good Reason in First 90 Days After a Change in Control. 
For the first 90 days after a Change in Control, the Executive may resign for Good Reason during the Contract Period upon prior written notice to the Company.

c.     Resignation After First 90 Days.  Commencing 90 calendar days after a
Change in Control and continuing thereafter during the Contract Period, the Executive may resign for any reason whatsoever and need not specify the reason, upon four weeks written notice to the Company and, for these purposes, the effective date of
the resignation and not the date of the notice must be 90 calendar days after the Change in Control.

d.     Payments and Benefits.  If the Company terminates the Executives
employment during the Contract Period without Cause or if the Executive resigns for Good Reason under paragraph 9(b) or for any reason under paragraph 9(c), the Company shall, as promptly as practical but in no event later than 10 business days
after the termination of employment pay the Executive a lump sum (the Lump Sum) equal to 3.0 times the sum of (i) the annual salary paid to the Executive immediately prior to the Change in Control plus (ii) the highest annual incentive
bonus paid to the Executive for any fiscal year during each of the three fiscal years immediately prior to the Change in Control.  For these purposes, any deferral of salary or bonus by the Executive under the Companys 401(k) plan or
otherwise shall be included in salary and bonus.  The Company shall at the time of such payment also make any Gross-Up Payment due under Section 10 hereof for the calendar year of the termination.  The Company also shall continue to
provide the Executive, his



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spouse and eligible dependents for a period of three years following the termination of
employment, with health, hospitalization and medical insurance, as were provided at the time of the Change in Control, at the Companys cost, subject only to the responsibility of the Executive to continue to pay a portion of the premium, as
well as co-pays or deductibles in such amounts as were paid by the Executive prior to the termination.

e.     No Duty to Mitigate.  The Executive shall not have a duty to mitigate the
damages suffered by him in connection with the termination by the Company of his employment without Cause under paragraph 9(a) or a resignation under paragraphs 9(b) and 9(c) during the Contract Period.  The Company shall not be entitled to
offset from the payment due to the Executive hereunder any amounts due from or claims against the Executive.

f.     Legal Fees and Expenses.  If the Company fails to pay the Executive the
Lump Sum due him under this Agreement or to provide him with the health, hospitalization and medical insurance benefits due under this Agreement or the Gross-Up Payment due under Section 10 hereof, the Executive, after giving 10 days written
notice to the Company identifying the Companys failure, shall be entitled to recover from the Company, monthly upon demand, any and all of his legal fees and other expenses incurred in connection with his enforcement against the Company of the
terms of this Agreement.

10.     Gross Up for Taxes.

a.     Additional Payments.  If, for any taxable year, Executive shall be liable
for the payment of an excise tax under Section 4999 or other substitute or similar tax assessment (the Excise Tax) of the Internal Revenue Code of 1986, as amended (the Code), including the corresponding provisions of any
succeeding law, with respect to any payments under



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this Section 10 or any payments and/or benefits under this Agreement or under any benefit plan
of the Company applicable to Executive individually or generally to executives or employees of the Company, then, notwithstanding any other provisions of this Agreement, the Company shall pay to the Executive an additional amount (the Gross-Up
Payment) such that the net amount retained by the Executive, after deduction of any Excise Tax on such payments and benefits and any federal, state and local income tax and Excise Tax upon payments provided for in this Section 10, shall be
equal to the payments due to the Executive hereunder and the payments and/or benefits due to the Executive under any benefit plan of the Company.  Each Gross-Up Payment shall be made by domestic cashiers or treasurers check,
certified check or wire transfer, upon the later of (i) five (5) days after the date the Executive notifies the Company of its need to make such Gross-Up Payment, or (ii) the date of any payment causing the liability for such Excise Tax.  The
amount of any Gross-Up Payment under this section shall be computed by a nationally recognized certified public accounting firm designated jointly by the Company and the Executive.  The cost of such services by the accounting firm shall be paid
by the Company.  If the Company and the Executive are unable to designate jointly the accounting firm, then the firm shall be the accounting firm used by the Company immediately prior to the Change in Control.

b.     IRS Disputed Claims.  The Executive shall notify the company in writing of
any claim by the Internal Revenue Service (IRS) that, if successful, would require the payment by the Company of a Gross-Up Payment in addition to that payment previously paid by the Company pursuant to this section.  Such
notification shall be given an soon as practicable but no later than fifteen (15) business days after the Executive is informed in writing of such claim and shall apprise the Company of the nature of such claim, the date on which such claim is
requested to



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be paid, and attach a copy of the IRS notice.  The Executive shall not pay such claim prior
to the expiration of the thirty (30) day period following the date on which the Executive gives such notice to the Company (or such shorter period ending on the date that any payment of taxes with respect to such claim is due).  If the Company
notifies the Executive in writing prior to the expiration of such period that it desires to contest such claim, the Executive shall:

| | (i)     Give the
Company any information reasonably requested by the Company relating to such claim;                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
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| | (ii)     Take such
action in connection with contesting such claim as the Company shall reasonably request in writing from time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the
Company;                                                                                                                                                                                                                                                                                                                                                                                                       
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | (iii)     Cooperate
with the Company in good faith in order effectively to contest such claim; and                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
| |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
| | (iv)     Permit the
Company to participate in any proceedings relating to such claim; provided, however that the Company shall pay directly all costs and expenses (including legal and accounting fees, as well as other expenses and any additional interest and penalties)
incurred by the Executive and the Company in connection with an IRS levy, contest or claim and provided further that the Company shall not take any action or fail to make any Gross-Up Payment so as to cause the assessment of any IRS levy and the
Company shall cause any levy so assessed to be immediately released by payment of the Gross-Up Amount, together with all costs, interest and penalties.



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11.     Non-Disclosure of Confidential Information.

a.     Non-Disclosure of Confidential Information.  Except in the
course of his employment with the Company and in the pursuit of the business of the Company or any of its subsidiaries or affiliates, the Executive shall not, at any time during or following the Contract Period, disclose or use, any confidential
information or proprietary data of the Company or any of its subsidiaries or affiliates.  The Executive agrees that, among other things, information concerning the identity of and the Companys relations with its customers is confidential
information.

b.     Specific
Performance.  Executive agrees that the Company does not have an adequate remedy at law for the breach of this section and agrees that he shall be subject to injunctive relief and equitable remedies as a result of the breach of this
section.  The invalidity or unenforceability of any provision of this Agreement shall not affect the force and effect of the remaining valid portions.  No violation of this Section 11 shall entitle the Company to withhold any payment or
benefit due the Executive hereunder.

c.     Survival.  This section shall survive the termination of the
Executives employment hereunder and the expiration of this Agreement.

12.     Term and Effect Prior to
Change in Control.

a.     Term. 
Except as otherwise provided for hereunder, this Agreement shall commence on the date hereof and shall remain in effect for a period of 3 years from the date hereof (the Initial Term) or until the end of the Contract Period, whichever is
later.  The Initial Term shall be automatically extended for an additional one year period on the anniversary date hereof (so that the Initial Term is always 3 years) unless on or before such date the Board of Directors of HUBCO by resolution
passed by a majority vote of the Directors then in office, votes



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not to extend the Initial Term any further.  The Company shall promptly advise the
Executive in writing of the passage of such resolution and if it fails to do so the passage of such resolution shall be ineffective.

b.     No Effect Prior to Change in Control. Prior to a Change in Control,
this Agreement shall not affect any rights of the Company to terminate the Executive or the benefits payable to the Executive.  The rights and liabilities provided hereunder shall only become effective upon a Change in Control.  If the
employment of the Executive by the Company is ended for any reason whatsoever prior to a Change in Control, this Agreement shall thereafter be of no further force and effect.

13.     Compensation and Benefits Provided Not in Derogation of Other Benefits.  Anything to the contrary herein contained
notwithstanding, the payment or obligation to pay any monies, or granting of any benefits, rights or privileges to Executive as provided in this Agreement shall not be in lieu or derogation of the rights and privileges that the Executive now has or
will have under any plans or programs of or agreements with the Company, except that the Executive shall not be entitled to the benefits of any other plan or program of the Company or agreement with the Company expressly providing for severance or
termination pay or post-employment medical benefits.  In furtherance of the foregoing, this Agreement is not in derogation of, but rather supplemental to, the rights and benefits of the Executive, if any, under any stock option plan, restricted
stock plan, pension plan, 401(k) plan and SERP.

14.     Notice.  During the Contract Period, any
notice of termination of the employment of the Executive by the Company or by the Executive to the Company shall be communicated by written Notice of Termination to the other party hereto.  For purposes of this



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Agreement, a Notice of Termination shall mean a dated notice which shall (i)
indicate the specific termination provision in this Agreement relied upon; (ii) set forth, if necessary, in reasonable detail the facts and circumstances claimed to provide a basis for termination of the employment of the Executive or from the
Company under the provision so indicated; (iii) specify a date of termination, which shall be not less than four weeks nor more than six weeks after such Notice of Termination is given, except in the case of termination of employment by the Company
of the Executive for Cause pursuant to Section 6 hereof, in which case the Notice of Termination may specify a date of termination as of the date such Notice of Termination is given; and (iv) be given by personal delivery or, if the individual is
not personally available, by certified mail to the last known address of the individual.  Upon the death of the Executive, no Notice of Termination need be given.

15.     Payroll and Withholding Taxes.  All payments to be made or benefits to be provided hereunder by the Company shall be
subject to applicable federal and state payroll or withholding taxes.  Any Gross-Up Payment shall be made in the form of withholding taxes and shall not be paid to the Executive, but shall be sent to the IRS in the ordinary course of the
Companys payroll withholding.

16.     Miscellaneous.  This Agreement is the joint and several
obligation of HUBCO and the Bank.  The terms of this Agreement shall be governed by, and interpreted and construed in accordance with, the laws of New Jersey.  This Agreement supersedes all prior agreements and understandings with respect
to the matters covered hereby, including expressly it terminates the employment agreement among HUBCO and the Bank and the Executive, dated September 5, 1989, as amended June 11, 1996.  The amendment or termination of this Agreement may be made
only in a writing executed by the Company and the Executive, and no amendment or



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termination of this Agreement shall be effective unless and until made in such a writing. 
This Agreement shall be binding upon any successor (whether direct or indirect, by purchase, merger, consolidation, liquidation or otherwise) to all or substantially all of the assets of the Company.  This Agreement is personal to the Executive
and the Executive may not assign any of his rights or duties hereunder but this Agreement shall be enforceable by the Executives legal representatives, executors or administrators.  This Agreement may be executed in two or more
counterparts, each of which shall be deemed an original, and it shall not be necessary in making proof of this Agreement to produce or account for more than one such counterpart.

IN WITNESS WHEREOF, HUBCO, Inc. and Hudson United Bank each have caused this Agreement to be signed by their duly authorized representatives pursuant to the authority
of their Boards of Directors, and the Executive has personally executed this Agreement, all as of the day and year first written above.

|ATTEST:     |  | HUBCO, INC.          
|----------- |  | ---------------------
|            |  |                      
|            |  | By:                  
|            |  |                      
|, Secretary |  |                      
|            |  |                      
|            |  |                      
|ATTEST:     |  | HUDSONUNITEDBANK     
|            |  |                      
|            |  | By:                  
|            |  |                      
|, Secretary |  |                      
|            |  |                      
|            |  |                      
|WITNESS:    |  |                      
|            |  | /S/KENNETH T. NEILSON
|            |  |                      
|            |  | Kenneth T. Neilson