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                                                                   Exhibit 10(p)



                          DAUPHIN DEPOSIT CORPORATION
                           1996 STOCK INCENTIVE PLAN
                          PERFORMANCE SHARE AGREEMENT
                          DATE OF GRANT: MAY 20, 1996
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          1.   Grant.  Pursuant to the provisions of the 1996 Stock Incentive 
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Plan (the "Plan"), Dauphin Deposit Corporation (the "Company") on the above date
has granted to


                                   (the "Grantee").
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subject to the terms and conditions which follow and the terms and conditions of
the Plan, a target of

               Performance Shares (the "Performance Shares").
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A copy of the Plan is attached and made a part of this Agreement with the same
effect as if set forth in the Agreement itself.  The Fair Market Value of a
share of Company Common Stock on the date of the Grant was $29.13.  Capitalized
terms not otherwise defined herein shall have the meaning set forth in the Plan,
unless the context requires a different meaning.

          2.   Performance Period.  The Performance Shares shall be payable, 
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in the form provided in Paragraph 4 below, and to the extent provided in
Paragraph 3 below, as soon as practicable after the end of the Performance
Period, which shall commence as of January 1, 1996 and end on December 31, 1998.

          3.   Performance Goals.  Up to 100% of the Performance Shares will be
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earned, depending upon if, and the extent to which, the Company achieves the
following Performance Goals:

                              (a)  Share Price Appreciation.  Sixty percent 
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                    (60%) of the Performance Shares awarded in Paragraph 1 shall
                    be deemed to be earned if the average Fair Market Value of
                    Company Common Stock for the forty-five (45) consecutive
                    trading days ending on and including December 31, 1998
                    equals or exceeds $36.50 per share. If the average Fair
                    Market Value determined as above set 
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                    forth is less than $32.25 per share, no shares will be
                    earned and all rights to earn up to 60% of the shares based
                    on Company Common Stock price appreciation will be
                    forfeited. If the average Fair Market Value determined as
                    above set forth is at least $32.25 per share, 30% of the
                    shares specified in Paragraph 1 will be deemed to be earned.
                    If the average Fair market Value determined as above set
                    forth exceeds $32.25 per share but is less than $36.50 per
                    share, a pro-rata portion between 30% and 60% of such shares
                    shall be deemed to be earned in accordance with Schedule 1
                    attached hereto.

                              (b)  Corporate Performance Measures.  Forty 
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                    percent (40%) of the Performance Shares awarded in Paragraph
                    1 shall be deemed to be earned if the Company attains
                    certain corporate performance goals in the last calendar
                    year of the performance period as set forth on Schedule 2
                    attached hereto.

          4.   Form of Payment.  Any Performance Shares payable pursuant to
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Paragraph 3 above shall be paid in shares of Company Common Stock, except that
the Management Development and Compensation Committee (the "Committee") of the
Company's Board of Directors may, in its discretion, permit the payment of cash
in lieu of up to 50% of the Fair Market Value of such shares of Common Stock,
upon a request in writing from the Grantee.

          5.   Change in Control.  Upon the occurrence of a Change in Control,
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the Performance Shares specified in Paragraph 1 will be deemed to be fully
earned and payable at that time.

          6.   Forfeiture.  Upon Grantee's termination of employment for any
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reason or under any circumstances prior to completion of the first 12 months of
the Performance Period, all Performance Shares granted hereunder will be
forfeited.  In the event of Grantee's (a) death or permanent disability, (b)
normal retirement under the Company's Pension Plan, or (c) earlier termination
of employment with the consent of the Committee following completion of the
first 12 months of the Performance Period, Grantee, or in the case of death,
Grantee's beneficiary, will be deemed to earn a pro-rata number of shares at the
completion of the Performance Period in accordance with Paragraph 3 above based
on the number of full months of the performance Period which have elapsed prior
to the date of termination of employment.  For example, if 100% of the
Performance Goals have been attained at the completion of the Performance
Period, Grantee or, in the case of death, Grantee's beneficiary, shall bedeemed
to have earned the number of shares set forth in Paragraph 1 multiplied by a
fraction the numerator of which shall be the number of full months of the
Performance Period (but not more than the actual number of full months of
employment during the 


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performance period) prior to the date of termination of employment and the
denominator of which is 36.

In the event Grantee's employment is terminated for any other reason, all
Performance Shares granted hereunder will be forfeited.

          7.   No Right to Employment.  Neither the execution and delivery of
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this Agreement nor the granting of the Performance Shares evidenced hereby shall
constitute or be evidence of any agreement or understanding, express or implied,
on the part of the Company or its subsidiaries to employ the Grantee for any
specific period or in any specific capacity or shall prevent the Company or its
subsidiaries from terminating the Grantee's employment at any time with or
without cause.

          8.   Rights.  Nothing herein shall be deemed to entitle the Grantee to
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any rights as a holder of Common Stock unless and until certificates for shares
of Common Stock are actually issued in the name of the Grantee as provided
herein.

          9.   Income Taxes.  The Grantee is liable for any federal, state and
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local income taxes applicable upon payment of the Performance Shares.  Upon
demand by the Company, Grantee shall promptly pay to the Company in cash, and/or
the Company may withhold from Grantee's compensation or from the shares of
Common Stock to be issued pursuant hereto or any cash payable in lieu of some or
all of such shares of Common Stock, an amount necessary to pay any income
withholding taxes required by the Company to be collected upon such payment.

          10.  Grantee.  In consideration of the grant, the Grantee specifically
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agrees that the Committee shall have the exclusive power to interpret the Plan
and this Agreement and to adopt such rules for the administration,
interpretation and application of the Plan and Agreement as are consistent
therewith and to interpret or revoke any such rules.  All actions taken and all
interpretation and determinations made by the Committee shall be final,
conclusive and binding upon the Grantee, the company and all other interested
persons.  No member of the Committee shall be personally liable for any action,
determination or interpretation made in good faith with respect to the Plan or
the Agreement.  The Committee may delegate its interpretive authority to an
officer or officers of the Company.

          11.  Miscellaneous.  This Agreement (a) shall be binding upon and
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inure to the benefit of any successor of the Company, (b) shall be governed by
the laws of the Commonwealth of Pennsylvania, and (c) may not be amended except
in writing.

          12.  Acknowledgment.  This grant will not be effective until the
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Grantee dates and signs the form of Acknowledgment below and returns to the
Company a


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signed copy of this Agreement.  By signing the Acknowledgment, the Grantee
agrees to the terms and conditions referred to in Paragraph 1 above and
acknowledges receipt of a copy of the Prospectus related to the Plan.



                                              DAUPHIN DEPOSIT CORPORATION



 
                                                
                                              By:
                                                 -------------------------------
                                                       Authorized Signatory



ACKNOWLEDGMENT:



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Grantee's Signature



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Date



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Social Security Number


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