Document:

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                                  Exhibit 10.2

                          CODORUS VALLEY BANCORP, INC.

                        LONG TERM NURSING CARE AGREEMENT

     THIS AGREEMENT ("Agreement") is made this 27th day December, 2005, between
CODORUS VALLEY BANCORP, INC., a Pennsylvania corporation (the "Corporation"),
PEOPLESBANK, A CODORUS VALLEY COMPANY, a Pennsylvania banking institution (the
"Bank"), and LARRY J. MILLER, an adult individual (the "Executive").

                                   WITNESSETH

     WHEREAS, the Board of Directors of the Corporation, by resolutions duly
adopted at a special meeting of the Board held on May 27, 2003, did authorize
the purchase of a long term nursing care insurance policy for the benefit of the
Executive and his spouse; and

     WHEREAS, the Corporation did purchase a long term nursing care insurance
policy from Lincoln Benefits Life Company (Policy No.10700130734W) for the
benefit of the Executive and his spouse; and

     WHEREAS, the Board of Directors of the Corporation also authorized the
Corporation, by resolution adopted on May 27, 2003, to enter into a contractual
relationship with the Executive to accelerate the 10-year annual premium
payments due under the Long Term Nursing Care Insurance Policy in the event of a
change of corporate control; and

     WHEREAS, the Corporation, the Bank and the Executive desire to enter into
this Agreement to, among other things, provide for the acceleration of premium
payments due under the Long Term Nursing Care Insurance Policy in the event of a
change in corporate control, all as hereinafter set forth.

     NOW, THEREFORE, in consideration of the mutual covenants and agreements set
forth herein and intending to be legally bound hereby, the parties hereto agree
as follows:

     1. CHANGE OF CONTROL. For purposes of this Agreement, the term "Change of
Control" shall mean: a Change in the Ownership of the Corporation or the Bank,
(as defined below), a Change in the Effective Control of the Corporation or the
Bank (as defined below), or a Change in the Ownership of a Substantial Portion
of the Assets of the Corporation or the Bank, (as defined below).

          (a) Change in the Ownership of the Corporation or the Bank. A Change
     in the Ownership of the Corporation or the Bank occurs on the date that any
     one person, or more than one person acting as a group (as defined below),
     acquires ownership of stock of the Corporation or the Bank that, together
     with stock held by such person or group, constitutes more than 50 percent
     of the total fair market value or total voting power of the stock of the
     Corporation or the Bank. However, if any one person, or more than one

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     person acting as a group, is considered to own more than 50 percent of the
     total fair market value or total voting power of the stock of the
     Corporation or the Bank, the acquisition of additional stock by the same
     person or persons is not considered to cause a Change in the Ownership of
     the Corporation or the Bank. An increase in the percentage of stock owned
     by any one person, or persons acting as a group, as a result of a
     transaction in which the Corporation or the Bank acquires its stock in
     exchange for property will be treated as an acquisition of stock for these
     purposes. A change in ownership of the Corporation or the Bank only occurs
     when there is a transfer or issuance of stock of the Corporation or the
     Bank and the stock remains outstanding after the transaction.

          (b) Change in Effective Control of the Corporation or the Bank. A
     Change in Effective Control of the Corporation or the Bank occurs only on
     the date that either:

               (i) Any one person, or more than one person acting as a group (as
          defined below), acquires (or has acquired during the 12-month period
          ending on the date of the most recent acquisition by such person or
          persons) ownership of stock of the Corporation or the Bank possessing
          35 percent or more of the total voting power of the stock of the
          Corporation or the Bank; or

               (ii) A majority of members of the Corporation's Board of
          Directors is replaced during any 12-month period by directors whose
          appointment or election is not endorsed by a majority of the members
          of the Corporation's Board of Directors prior to the date of the
          appointment or election.

          If any one person, or more than one person acting as a group, is
     considered to effectively control the Corporation or the Bank, the
     acquisition of additional control of the Corporation or the Bank by the
     same person or persons is not considered to cause a Change in the Effective
     Control of the Corporation or the Bank.

          (c) Change in Ownership of a Substantial Portion of the Corporation's
     or the Bank's Assets. A Change in Ownership of a Substantial Portion of the
     Corporation's or the Bank's Assets occurs on the date that any one person,
     or more than one person acting as a group (as defined below), acquires (or
     has acquired during the 12-month period ending on the date of the most
     recent acquisition by such person or persons) assets from the Corporation
     or the Bank that have a total gross fair market value equal to or more than
     40 percent of the total gross fair market value of all of the assets of the
     Corporation or the Bank immediately prior to such acquisition or
     acquisitions. For this purpose, gross fair market value means the value of
     assets of the Corporation or the Bank, or the value of the assets being
     disposed of, determined without regard to any liabilities associated with
     such assets.

          There is no Change in Control under this Paragraph 1(c) if there is a
     transfer of assets to an entity that is:

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               (i) A shareholder of the Corporation or the Bank (immediately
          before the asset transfer) in exchange for or with respect to its
          stock;

               (ii) An entity, 50 percent or more of the total value or voting
          power of which is owned, directly or indirectly, by the Corporation or
          the Bank;

               (iii) A person, or more than one person acting as a group, that
          owns, directly or indirectly, 50 percent or more of the total value or
          voting power of all the outstanding stock of the Corporation or the
          Bank; or

               (iv) An entity, at least 50 percent of the total value or voting
          power of which is owned, directly or indirectly, by a person described
          in (i), (ii) or (iii) above.

          (d) For purposes of this Paragraph 1, persons will not be considered
     to be acting as a group solely because they purchase or own stock or
     purchase assets of the Corporation or the Bank at the same time. However,
     persons will be considered to be acting as a group if they are owners of a
     corporation that enters into a merger, consolidation, purchase or
     acquisition of assets, or similar transaction, such shareholder is
     considered to be acting as a group with other shareholders in a corporation
     only to the extent of the ownership in that corporation prior to the
     transaction giving rise to the change and not with respect to the ownership
     interest in the other corporation.

     2. ACCELERATION OF ANNUAL PREMIUMS. Following the date of a Change in
Control, the Executive shall be entitled to a lump sum payment equal to the
amount of any remaining unpaid annual premiums ($16,675.22 per annum) under the
Long Term Nursing Care Insurance Policy referenced above (Lincoln Benefits Life
Company - Policy No. 10700130734W). At the election of the Executive, the
Corporation shall pay the aggregate amount due directly to the Executive, or to
the Lincoln Benefits Life Company, or any successor thereto, within ten (10)
days following the date of the Change in Control. In the event the amount due is
paid directly to the Executive, the insurance policy shall, with the consent of
Lincoln Benefits Life Company, be assigned to the Executive and his spouse, and,
thereafter, the Corporation, the Bank, and any successors thereto by merger or
otherwise, shall have no further obligation or liability for annual premium
payments under the insurance policy.

     3. EXCISE TAX MATTERS. In the event that the amounts and benefits payable
under this Agreement, when added to other amounts and benefits which may become
payable to the Executive by the Corporation and/or Bank, are such that he
becomes subject to the excise tax provisions of Section 4999 of the Internal
Revenue Code of 1986, as amended (the "Code"), the Corporation and the Bank
shall pay him such additional amount or amounts as will result in his retention
(after the payment of all federal, state and local excise, employment, and
income taxes on such payments and the value of such benefits) of a net amount
equal to the net amount he would have retained had the initially calculated
payments and benefits been subject only to income and employment taxation. For
purposes of the preceding sentence, the Executive shall be deemed to be subject
to the highest marginal federal, state and local tax rates. All calculations

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required to be made under this subparagraph shall be made by the Corporation's
independent certified public accountants, subject to the right of Executive's
representative to review the same. All such amounts required to be paid shall be
paid at the time any withholding may be required under applicable law, and any
additional amounts to which the Executive may be entitled shall be paid or
reimbursed no later than fifteen (15) days following confirmation of such amount
by the Corporation's accountants. In the event any amounts paid hereunder are
subsequently determined to be in error because estimates were required or
otherwise, the parties agree to reimburse each other to correct such error, as
appropriate, and to pay interest thereon at the applicable federal rate (as
determined under Code Section 1274A for the period of time such erroneous amount
remained outstanding and unreimbursed). The parties recognize that the actual
implementation of the provisions of this subparagraph are complex and agree to
deal with each other in good faith to resolve any questions or disagreements
arising hereunder.

     4. PRIMARY OBLIGOR. The obligation to make payments and provide benefits
under this Agreement shall primarily be those of the Executive's Employer. In
the event the Employer is not the Corporation or the Bank, the Corporation will
cause such Employer to make required payments and provide required benefits. To
the extent the Corporation fails or is unable to do so, it shall make such
payments and provide such benefits.

     5. KEY EMPLOYEE. Notwithstanding anything in this Agreement to the
contrary, in the event Executive is determined to be a Key Employee, as that
term is defined in Section 409A of the Code and the regulations promulgated
thereunder, payments to or on behalf of such Key Employee under this Agreement
shall not begin earlier than the first day of the seventh month following the
date of the Change in Control. For purposes of the foregoing, the date upon
which a determination is made as to the Key Employee status of the Executive,
the Indemnification Date (as defined in Section 409A of the Code and the
regulations promulgated thereunder) shall be December 31.

     6. LEGAL EXPENSES. The Corporation will pay (or cause to be paid) to the
Executive all reasonable legal fees and expenses when incurred by the Executive
in seeking to obtain or enforce any right or benefit provided by this Agreement,
provided he acts in good faith with respect to issues raised.

     7. RABBI TRUST. The Corporation is establishing contemporaneously herewith
a rabbi trust (the "Trust"), to which it is contributing an initial corpus of
$100. In the event of a change of control as defined herein, the Corporation
shall, in accordance with the terms of the Trust, contribute thereto the amount
described in Section 1(e) thereof. Thereafter, amounts payable hereunder shall
be paid first from the assets of such Trust and the income thereon. To the
extent that the assets of the Trust and the income thereon are insufficient, the
Corporation or any successor of the Corporation shall pay Executive the amount
due hereunder.

     8. NOTICES. Any notice required or permitted to be given under this
Agreement will, to be effective hereunder, be given to the Corporation, in the
case of notices given by the Executive, and will, to be effective hereunder, be
given by the Corporation, in the case of notices given to the Executive. Any
such notice will be deemed properly given if in writing and if

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mailed by registered or certified mail, postage prepaid with return receipt
requested, to the last known residence address of the Executive, in the case of
notices to the Executive, and to the principal office of the Corporation, in the
case of notice to the Corporation.

     9. WAIVER. No provision of this Agreement may be modified, waived, or
discharged unless such waiver, modification, or discharge is agreed to in
writing and signed by the Executive and an executive officer of the Corporation
designated for such purpose by the Board of Directors of the Corporation. No
waiver by any party hereto at any time of any breach by another party hereto of,
or compliance with, any condition or provision of this Agreement to be performed
by such other party will be deemed a waiver of similar or dissimilar provisions
or conditions at the same or at any prior or subsequent time.

     10. ASSIGNMENT. This Agreement is not assignable by any party hereto,
except by the Corporation and the Bank to any successor in interest to the
respective business of the Corporation and the Bank.

     11. ENTIRE AGREEMENT. This Agreement contains the entire agreement of the
parties relating to the subject matter hereof and supersedes any prior agreement
of the parties.

     12. SUCCESSORS; BINDING EFFECT.

          (a) SUCCESSORS. The Corporation will require any successor (whether
     direct or indirect, by purchase, merger, consolidation, or otherwise) to
     all or substantially all of the business and/or assets of the Corporation
     and/or the Bank to expressly assume and agree to perform this Agreement (or
     cause it to be performed) in the same manner and to the same extent that
     the Corporation, the Bank or any affiliated company of either would be
     required to perform it if no such succession had taken place. Failure by
     the Corporation to obtain such assumption and agreement prior to the
     effectiveness of any such succession shall constitute a material breach of
     this Agreement. As used in this Agreement, the "Corporation" and the "Bank"
     means the Corporation and the Bank as hereinbefore defined and any
     successor to the business and/or assets of the Corporation and/or the Bank
     as aforesaid which assumes and agrees to perform this Agreement by
     operation of law, or otherwise.

          (b) BINDING EFFECT. This Agreement shall inure to the benefit of and
     be enforceable by the Executive's personal or legal representatives,
     executors, administrators, heirs, distributes, devisees, and legatees. If
     the Executive should die while any amount is payable to the Executive under
     this Agreement if the Executive had continued to live, all such amounts,
     unless otherwise provided herein, will be paid in accordance with the terms
     of this Agreement to the Executive's devisee, legatee, or other designee,
     or, if there is no such person, to the Executive's estate.

     13. VALIDITY. The invalidity or unenforceability of any provisions of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement, which will remain in full force and effect.

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     14. APPLICABLE LAW. Except to the extent preempted by federal law, this
Agreement shall be governed by and construed in accordance with the domestic
internal law of the Commonwealth of Pennsylvania.

     15. REFERENCE TO ENTITIES. All references to the Corporation shall be
deemed to include references to the Bank, or any affiliate of either, as
appropriate in the relevant context, and vice versa; provided, however, that
this paragraph shall not be construed in the manner that results in a
determination that a transaction constitutes a Change in Control unless such
transaction is literally described in the definition of such term.

     IN WITNESS WHEREOF, the parties, each intending to be legally bound, have
executed the Agreement as of this date, month and year first above written.

ATTEST:                                 CODORUS VALLEY BANCORP, INC.

/s/ Harry R. Swift                      By: /s/ Rodney L. Krebs
-------------------------------------       ------------------------------------
Secretary

ATTEST:                                 PEOPLESBANK, A CODORUS VALLEY COMPANY

/s/ Barbara J. Myers                    By: /s/ Rodney L. Krebs
-------------------------------------       ------------------------------------
Secretary

WITNESS:

/s/ Matthew A. Clemens                  /s/ Larry J. Miller
-------------------------------------   ----------------------------------------
                                        Larry J. Miller

                                     -23-<PAGE>
                                  Exhibit 10.3

                   AMENDMENT TO SALARY CONTINUATION AGREEMENT

     This Amendment to Salary Continuation Agreement (the "Amendment") is made
this 27th day of December, 2005, by and among PeoplesBank, A Codorus Valley
Company, a Pennsylvania banking institution (the "Bank"), and a wholly owned
subsidiary of Codorus Valley Bancorp, Inc., a Pennsylvania business corporation
(the "Corporation") and Larry J. Miller, an adult individual (the "Executive").

                                   WITNESSETH

     WHEREAS, the Bank and the Executive entered into a certain Salary
Continuation Agreement effective the 1st day of October, 1998 (the "Salary
Continuation Agreement"), which is attached hereto;

     WHEREAS, as a result of action by the Board of Directors, the Bank and the
Executive desire to amend the Salary Continuation Agreement provisions regarding
the definition of "Change in Control" and "Change in Control Benefits," which
describes the payment of the Executive's benefit following a Change in Control,
and certain other provisions of the Salary Continuation Agreement;

     WHEREAS, in recognition of the valued services provided by the Executive in
the past to the Bank and the Corporation, the Bank desires to amend the Salary
Continuation Agreement, as an incentive for the Executive to continue to provide
such valued services in the future;

     NOW THEREFORE, in consideration of the mutual covenants and agreements set
forth herein, for good and valuable consideration, and intending to be legally
bound hereby, the Bank and the Executive agree as follows:

          1. The Amendment is incorporated into the Salary Continuation
     Agreement by the Bank, the Corporation and the Executive, in accordance
     with Article 7 of the Salary Continuation Agreement, entitled "Amendments
     and Termination."

          2. All terms set forth in the Amendment shall be defined and
     interpreted by the definitions, construction and intent of the Salary
     Continuation Agreement and shall have the same meaning as therein provided
     unless the context clearly requires a different meaning.

          3. Section 1.1.1 of the Salary Continuation Agreement is hereby
     amended by deleting the existing definition of "Change in Control" in its
     entirety and by adding a new definition of "Change in Control" as follows:

                    1.1.1 CHANGE OF CONTROL. For purposes of this Agreement, the
               term "Change of Control" shall mean: a Change in the

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               Ownership of the Corporation or the Bank, (as defined below), a
               Change in the Effective Control of the Corporation or the Bank
               (as defined below), or a Change in the Ownership of a Substantial
               Portion of the Assets of the Corporation or the Bank, (as defined
               below).

               (a) Change in the Ownership of the Corporation or the Bank. A
          Change in the Ownership of the Corporation or the Bank occurs on the
          date that any one person, or more than one person acting as a group
          (as defined below), acquires ownership of stock of the Corporation or
          the Bank that, together with stock held by such person or group,
          constitutes more than 50 percent of the total fair market value or
          total voting power of the stock of the Corporation or the Bank.
          However, if any one person, or more than one person acting as a group,
          is considered to own more than 50 percent of the total fair market
          value or total voting power of the stock of the Corporation or the
          Bank, the acquisition of additional stock by the same person or
          persons is not considered to cause a Change in the Ownership of the
          Corporation or the Bank. An increase in the percentage of stock owned
          by any one person, or persons acting as a group, as a result of a
          transaction in which the Corporation or the Bank acquires its stock in
          exchange for property will be treated as an acquisition of stock for
          these purposes. A change in ownership of the Corporation or the Bank
          only occurs when there is a transfer or issuance of stock of the
          Corporation or the Bank and the stock remains outstanding after the
          transaction.

               (b) Change in Effective Control of the Corporation or the Bank. A
          Change in Effective Control of the Corporation or the Bank occurs only
          on the date that either:

                    (i) Any one person, or more than one person acting as a
               group (as defined below), acquires (or has acquired during the
               12-month period ending on the date of the most recent acquisition
               by such person or persons) ownership of stock of the Corporation
               or the Bank possessing 35 percent or more of the total voting
               power of the stock of the Corporation or the Bank; or

                    (ii) A majority of members of the Corporation's Board of
               Directors is replaced during any 12-month period by directors
               whose appointment or election is not endorsed by a majority of
               the members of the Corporation's Board of Directors prior to the
               date of the appointment or election.

                    If any one person, or more than one person acting as a
               group, is considered to effectively control the Corporation or
               the Bank, the acquisition of additional control of the
               Corporation or the Bank by the

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               same person or persons is not considered to cause a Change in the
               Effective Control of the Corporation or the Bank.

               (c) Change in Ownership of a Substantial Portion of the
          Corporation's or the Bank's Assets. A Change in Ownership of a
          Substantial Portion of the Corporation's or the Bank's Assets occurs
          on the date that any one person, or more than one person acting as a
          group (as defined below), acquires (or has acquired during the
          12-month period ending on the date of the most recent acquisition by
          such person or persons) assets from the Corporation or the Bank that
          have a total gross fair market value equal to or more than 40 percent
          of the total gross fair market value of all of the assets of the
          Corporation or the Bank immediately prior to such acquisition or
          acquisitions. For this purpose, gross fair market value means the
          value of assets of the Corporation or the Bank, or the value of the
          assets being disposed of, determined without regard to any liabilities
          associated with such assets.

               There is no Change in Control under this Section 1.1.1 if there
          is a transfer of assets to an entity that is:

                    (i) A shareholder of the Corporation or the Bank
               (immediately before the asset transfer) in exchange for or with
               respect to its stock;

                    (ii) An entity, 50 percent or more of the total value or
               voting power of which is owned, directly or indirectly, by the
               Corporation or the Bank;

                    (iii) A person, or more than one person acting as a group,
               that owns, directly or indirectly, 50 percent or more of the
               total value or voting power of all the outstanding stock of the
               Corporation or the Bank; or

                    (iv) An entity, at least 50 percent of the total value or
               voting power of which is owned, directly or indirectly, by a
               person described in (i), (ii) or (iii) above.

               (d) For purposes of this Section 1.1.1, persons will not be
          considered to be acting as a group solely because they purchase or own
          stock or purchase assets of the Corporation or the Bank at the same
          time. However, persons will be considered to be acting as a group if
          they are owners of a corporation that enters into a merger,
          consolidation, purchase or acquisition of assets, or similar
          transaction, such shareholder is considered to be acting as a group
          with other shareholders in a corporation only to the extent of the
          ownership in that corporation prior to the transaction giving rise to
          the change and not with respect to the ownership interest in the other
          corporation.

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          4. Section 1.1.2 of the Salary Continuation Agreement is hereby
     amended by deleting the existing definition of "Date of Change of Control"
     in its entirety and by adding a new definition of "Date of Change of
     Control" as follows:

               1.1.2 "Date of Change of Control" means the date on which a
          "Change of Control" event occurs under Section 1.1.1.

          5. Section 1.1.4 of the Salary Continuation Agreement is hereby
     amended by deleting the existing definition of "Disability" in its entirety
     and by adding a new definition of "Disability" as follows:

               1.1.4 "Disability" means, if the Executive is covered by a
          Company sponsored disability policy, total disability as defined in
          such policy without regard to any waiting period, provided that the
          definition of disability applied under such policy complies with the
          requirement of Section 1.409A-3(g)(4) of the Treasury regulations. If
          the Executive is not covered by such policy, Disability means that the
          Executive is unable to engage in any substantial gainful activity by
          reason of any medically determinable physical or mental impairment
          that can be expected to result in death or can be expected to last for
          a continuous period of not less than 12 months. As a condition to any
          benefit, the Company may require the Executive to submit to such
          physical or mental evaluations and tests as the Company's Board of
          Directors deems appropriate.

          6. Section 2.4 of the Salary Continuation Agreement is hereby amended
     to add a new subsection 2.4.4 "Excise Tax Matters" as follows:

               2.4.4 Excise Tax Matters.

               In the event that the amounts and benefits payable under this
          Section 2.4, when added to other amounts and benefits which may become
          payable to the Executive by the Corporation and/or Bank, are such that
          he becomes subject to the excise tax provisions of Section 4999 of the
          Internal Revenue Code of 1986, as amended (the "Code"), the
          Corporation and the Bank shall pay him such additional amount or
          amounts as will result in his retention (after the payment of all
          federal, state and local excise, employment, and income taxes on such
          payments and the value of such benefits) of a net amount equal to the
          net amount he would have retained had the initially calculated
          payments and benefits been subject only to income and employment
          taxation. For purposes of the preceding sentence, the Executive shall
          be deemed to be subject to the highest marginal federal, state and
          local tax rates. All calculations required to be made under this
          subparagraph shall be made by the Corporation's independent certified
          public accountants, subject to the right of Executive's representative
          to review the same. All such amounts required to be paid shall be paid
          at the time any withholding may be required under applicable law, and
          any additional amounts to which the

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          Executive may be entitled shall be paid or reimbursed no later than
          fifteen (15) days following confirmation of such amount by the
          Corporation's accountants. In the event any amounts paid hereunder are
          subsequently determined to be in error because estimates were required
          or otherwise, the parties agree to reimburse each other to correct
          such error, as appropriate, and to pay interest thereon at the
          applicable federal rate (as determined under Code Section 1274A for
          the period of time such erroneous amount remained outstanding and
          unreimbursed). The parties recognize that the actual implementation of
          the provision of this subparagraph are complex and agree to deal with
          each other in good faith to resolve any questions or disagreements
          arising hereunder.

          7. Article 2 of the Salary Continuation Agreement is hereby amended by
     adding a new Section 2.5 to read as follows:

               2.5 Key Employee. Notwithstanding anything in this Article to the
          contrary, in the event Executive is determined to be a Key Employee,
          as that term is defined in Section 409A of the Code and the
          regulations promulgated thereunder, payments to the Executive under
          Section 2.1 or 2.2 of this Agreement shall begin not earlier than the
          first day of the seventh month following termination of employment.
          For purposes of the foregoing, the date upon which a determination is
          made as to the Key Employee status of the Executive, the
          Indemnification Date (as defined in Section 409A of the Code and the
          regulations promulgated thereunder) shall be December 31.

          8. Article 5 of the Salary Continuation Agreement is hereby amended by
     adding a new Section 5.3.4 to read as follows:

               5.3.4 Termination Following Change of Control. Notwithstanding
          the foregoing, it is the intention of the parties that the
          restrictions set forth in Sections 5.3.1(i). (ii), (iii) and (iv)
          shall not apply in the event Executive's employment terminates
          following a Change of Control, as defined in the Agreement.

          9. Article 8 of the Salary Continuation Agreement is hereby amended by
     adding a new Section 8.12 to read as follows:

               8.12 RABBI TRUST. The Corporation is establishing
          contemporaneously herewith a rabbi trust (the "Trust"), to which it is
          contributing an initial corpus of $100. In the event of a change of
          control as defined herein, the Corporation shall, in accordance with
          the terms of the Trust, contribute thereto the amount described in
          Section 1(e) thereof. Thereafter, amounts payable hereunder shall be
          paid first from the assets of such Trust and the income thereon. To
          the extent that the assets of the Trust and the income thereon are
          insufficient, the Corporation or any successor of the Corporation
          shall pay Executive the amount due hereunder.

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          10. In all other respects, the Salary Continuation Agreement, as
     amended above, is hereby ratified and confirmed by the Bank, the
     Corporation and the Executive All other provisions of the Salary
     Continuation Agreement shall remain in full force and effect as amended
     hereby.

     IN WITNESS WHEREOF, the parties, each intending to be legally bound, have
executed the amendment as of the date, month and year first above written.

ATTEST:                                  PEOPLESBANK, A CODORUS VALLEY COMPANY

/s/ Barbara J. Myers                     By: /s/ Rodney L. Krebs
--------------------------------------       -----------------------------------
Secretary                                    Chairman of the Board

WITNESS:

/s/ Matthew A. Clemens                   /s/ Larry J, Miller
--------------------------------------   ---------------------------------------
                                         Larry J. Miller

                                      -29-

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