Document:

Exhibit 1030

		
			 
		

		
			AMENDED AND RESTATED
		

		
			SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT
		

		
			 
		

		
			THIS AGREEMENT is made and entered into this 19th day of November, 2010, by and among Embassy Bank for the Lehigh Valley (hereinafter referred to as the “Bank”), a bank organized and existing under the laws of Pennsylvania, and James R. Bartholomew  (hereinafter referred to as the “Employee”).
		

		
			 
		

		
			WHEREAS, the Employee has performed his duties in an efficient and capable manner; and
		

		
			 
		

		
			WHEREAS, the Bank is desirous of retaining the services of the Employee; and
		

		
			 
		

		
			WHEREAS, the Board of Directors of the Bank has approved the adoption of a Supplemental Executive Retirement Plan as described in this Agreement (the “Plan”); and
		

		
			 
		

		
			WHEREAS, the Employee has been selected to participate in the Plan; and
		

		
			 
		

		
			WHEREAS, the Bank and the Employee have been parties to a Supplemental Benefit Plan Agreement dated January 5, 2009 (the “Original Agreement”); and
		

		
			 
		

		
			WHEREAS, the Bank and the Employee desire to amend and restate the Original Agreement as set forth herein.
		

		
			 
		

		
			NOW, THEREFORE, for value received and in consideration of the mutual covenants contained herein, the parties agree as follows: 
		

		
			 
		

		
			1.Normal Retirement Supplemental Pension
		

		
			 
		

		
			a.The Bank hereby agrees with the Employee that the Employee may retire upon attaining age sixty-five (65), such age hereinafter being called the “Normal Retirement Age.”
		

		
			 
		

		
			b.Upon the Employee’s retirement on or after Normal Retirement Age, the Bank shall pay the Employee a supplemental annual pension equal to $85,000, such amount being referred to herein as the “Normal Retirement Supplemental Pension,” payable in equal monthly installments and continuing for a period of fifteen (15) years.
		

		
			 
		

		
			2.Early Retirement or Termination
		

		
			 
		

		
			a.If the Employee retires or his or her employment with the Bank is otherwise terminated subsequent to attaining age sixty-two (62), but prior to attaining Normal Retirement Age, and the Employee had been actively employed by the Bank for at least ten (10) years, then the Bank shall pay the Employee a supplemental annual pension in the amount indicated on the 
		

		 

 

		following schedule, payable in equal monthly installments and continuing for a period of fifteen (15) years:
		

		
			 
		

			
					
						 

					
					
						Age of Employee on Effective Date of Early Retirement or Termination

					
					
						% of Normal Retirement Supplemental Pension

					
					
						 

				
	
					
						 

					
					
						62

					
					
						50%

					
					
						 

				
	
					
						 

					
					
						63

					
					
						60%

					
					
						 

				
	
					
						 

					
					
						64

					
					
						80%

					
					
						 

				
	
					
						 

					
					
						65

					
					
						100%

					
					
						 

				

		
			 
		

		
			 
		

		
			3.Death or Disability
		

		
			 
		

		
			a.Upon the death of the Employee while actively employed, the Bank shall pay to the Employee’s designated beneficiary the Normal Retirement Supplemental Pension, payable in equal monthly installments commencing on the first business day of the month following the month in which the Employee dies and continuing for a period of fifteen (15) years.
		

		
			 
		

		
			b.Upon the death of the Employee while receiving any supplemental pension benefits as provided in this Agreement, the Bank shall pay to the Employee’s designated beneficiary the remaining payments which would have otherwise been due the Employee.
		

		
			 
		

		
			c.If the Employee becomes permanently “disabled” within the meaning of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, and ceases employment with the Bank as a result of such disability, the Employee will be treated as actively employed, for purposes of this Agreement, while such disability continues.  In such event, the Bank shall pay to the Employee the Normal Retirement Supplemental Pension in equal monthly installments commencing upon the Employee’s attainment of Normal Retirement Age and continuing for a period of fifteen (15) years.
		

		
			 
		

		
			d.If the Employee shall have failed to make an effective designation of beneficiary, or if the individual or individuals so designated shall die prior to receiving all payments required to made to them hereunder and there is no designated alternate beneficiary, then in such event the remaining payments shall be made first to the Employee’s surviving spouse, second the Employee’s surviving children, equally per stirpes if there is no surviving spouse, and finally to the estate of the Employee if there are neither a surviving spouse nor surviving children.
		

		
			 
		

		
			4.Assignment
		

		
			 
		

		
			Except as otherwise provided herein, it is understood that neither the Employee, nor any person designated by him pursuant to this Agreement, shall have any right to commute, sell, assign, transfer or otherwise convey the right to receive payments to be made hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable.  If such assignment or transfer is attempted, the Bank may disregard it and continue to discharge its obligations hereunder as though such assignment or transfer were not attempted.
		

		

		

		 

 

		 
		

		
			5.Independent Arrangement
		

		
			 
		

		
			The benefits payable under this Agreement shall be independent of, and in addition to, any other agreement which may exist from time to time between the parties hereto, or any other compensation payable by the Employee’s employer.  This Agreement shall not be deemed to constitute a contract of employment between the parties hereto, nor shall any provisions hereof restrict the right of the Employee’s employer to discharge the Employee or restrict the right of the Employee to terminate his or her employment.
		

		
			 
		

		
			6.Non-Trust or Fiduciary Obligation
		

		
			 
		

		
			a.The rights of the Employee under this Agreement and of any beneficiary of the Employee or of any other person who may acquire such rights shall be solely those of an unsecured creditor of the Bank.  Any insurance policy on the life of the Employee or any other asset acquired by the Bank in connection with the obligations assumed by it hereunder shall not be deemed to be held under any trust for the benefit of the Employee or his or her beneficiaries or to be security for the performance of the obligations of the Bank, but shall be, and remain, a general, unpledged, unrestricted asset of the Bank.
		

		
			 
		

		
			b.Nothing contained in the Agreement and no action taken pursuant to the provisions of the Agreement shall create or be construed to create a trust of any kind, or a fiduciary relationship between the Bank and the Employee or his or her beneficiaries.
		

		
			 
		

		
			7.Change of Control
		

		
			 
		

		
			a.If the Employee’s employment with the Bank is involuntarily terminated within two years after a “Change in Control” (as defined below) of the Employee’s employer, payment hereunder will commence immediately in an amount equal to the amount which would have been payable as though Employee retired from service with the Bank upon attaining Normal Retirement Age.
		

		
			 
		

		
			b.As used herein, the term “Change of Control” shall mean a change in the ownership or effective control applicable to the Bank or Embassy Bancorp, Inc., as described in Section 409A(a)(2)(A)(v) of the Internal Revenue Code of 1986, as amended.
		

		
			 
		

		
			8.Arbitration
		

		
			 
		

		
			a.Any controversy or claim arising out of or relating to this Agreement shall be settled by arbitration in accordance with Rules of the American Arbitration Association, and judgment upon the award rendered by an arbitrator may be entered in any court having jurisdiction thereof.
		

		
			 
		

		
			b.The parties hereby submit themselves and consent to the jurisdiction of the Courts of the Commonwealth of Pennsylvania and further consent that any process or notice of motion, or other application of the Court, or any Judge thereof, may be served outside the 
		

		 

 

		Commonwealth of Pennsylvania by certified mail or by personal service provided that a reasonable time for appearance is allowed.  The arbitrators in any such controversy shall have no authority or power to modify or alter any express condition or provision of this Agreement or to render an award which has the effect of altering or modifying any express condition or provision hereof.
		

		
			 
		

		
			9.Miscellaneous Provisions
		

		
			 
		

		
			a.Notwithstanding anything in this Agreement to the contrary, if Employee is determined to be a “specified employee” (as defined in Section 409A of the Internal Revenue Code of 1986, as amended), payments to such Employee pursuant to this Agreement, other than payments qualifying as short term deferrals or an exempt separation pay arrangement under Section 409A, shall not begin earlier than the first day of the seventh month after the date of termination.   The Bank agrees to cause any and all amounts due under this Agreement, the payment or distribution of which is delayed pursuant to this Section 9(a) in accordance with Section 409A, to be paid or distributed in a single sum payment at the earliest permissible date under Section 409A.
		

		
			For purposes of the foregoing, the date upon which a determination is made as to the Specified Employee status of the Employee, the “identification date” (as defined in Section 409A) shall be December 31.
		

		
			 
		

		
			b.This Agreement shall be binding upon and inure to the benefit of any successor of the Bank and any such successor shall be deemed substituted for the Bank under the terms of this Agreement.
		

		
			 
		

		
			c.This instrument contains the entire Agreement of the parties.  It may be amended only by a writing signed by both of the parties hereto.
		

		
			 
		

		
			d.This Agreement shall be governed and construed in accordance with the law of the Commonwealth of Pennsylvania.
		

		
			 
		

		
			e.The Bank intends in good faith that this plan comply with Section 409A of the Internal Revenue Code of 1986, as amended.  To the extent any provision of this Agreement is deemed inconsistent with that section, said provision in hereby expunged and the Agreement shall be deemed amended to comply with said law and the Bank shall take such steps as to amend the Agreement so that it complies in form with Section 409A.
		

		

		

		 

 

		
		

		
			IN WITNESS WHEREOF, the parties have hereunto set their hands and seals, the Bank by it duly authorized officer, on the day and year first above written.
		

		
			 
		

		
			WITNESS:                    EMPLOYEE:
		

		
			 
		

		
			 
		

		
			__/s/ Lynne M. Neel____________/s/ James R. Bartholomew_________
		

		
			    James R. Bartholomew
		

		
			 
		

		
			 
		

		
			ATTEST:                      EMBASSY BANK FOR THE LEHIGH VALLEY
		

		
			 
		

		
			 
		

		
			_/s/ Judith A Hunsicker________By: _/s/ David M. Lobach, Jr. ______
		

		
			 Name: David M. Lobach, Jr.
		

		
			 Title: CEOExhibit 104

		
			EMBASSY BANCORP, INC.
OPTION PLAN
		

		
			 
		

		
			STOCK OPTION GRANT AGREEMENT
		

		
			 
		

		
			 
		

		
			THIS STOCK OPTION GRANT AGREEMENT, dated as of ___________ __, _____ (the "Date of Grant"), is delivered by EMBASSY BANCORP, INC. (the "Company'), to _______________________________, (the "Optionee").
		

		
			 
		

		
			RECITALS
		

		
			 
		

		
			A.The Embassy Bancorp, Inc. Option Plan (the "Plan") provides for the grant of stock options to officers, employees and directors of the Company, to purchase shares of common stock of the Company, (the "Shares"), in accordance with the terms and conditions of the Plan.
		

		
			 
		

		
			B.The Board of Directors of the Company (the "Board") has determined that it would be to the advantage and interest of the Company to make the grant provided for herein as an inducement for the Optionee to promote the best interests of the Company and its stockholders.
		

		
			 
		

		
			NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows:
		

		
			 
		

		
			1.Grant of Option.
		

		
			 
		

		
			Subject to the terms and conditions hereinafter set forth, the Company hereby grants to the Optionee an option to purchase an aggregate number of Shares at the option price set forth below (the "Option"):
		

		
			 
		

		
			An Incentive Stock Option to purchase ________ Shares at an option price of $________ per Share based on the fair market value per Share on the Date of Grant, which shall be exercisable as provided in Paragraph 6 below.
		

		
			 
		

		
			2.Nature of Option.
		

		
			 
		

		
			The Option designated hereunder shall be an Incentive Stock Option intended to meet the requirements of section 422 of the Internal Revenue Code of 1986, as amended (the "Code") and as interpreted by relevant rulings, regulations and other applicable authority. The Board of Directors of the Company (the "Board") shall administer the Plan, shall interpret and construe this Stock Option Grant Agreement in accordance with and pursuant to the terms of the Plan, and its decisions shall be conclusive as to any question arising hereunder.
		

		
			 
		

		
			In conformance with the foregoing, the Optionee understands and hereby acknowledges that in the event that the aggregate fair market value (determined at the time the Option is granted) of the Shares with respect to which incentive stock options granted after December 31, 1986, are exercisable for the first time by the Optionee during any calendar year (under all stock option plans 
		

		 

 

		of the Company and its subsidiaries, if any) exceeds $100,000, then to the extent of excess, all or a portion of this Option shall (if and to the extent, required by section 422 of the Code) not be treated as an Incentive Stock Option.
		

		
			 
		

		
			    3.Restrictions on Exercise.
		

		
			 
		

		
			During the Optionee's lifetime, exercise of the option shall be solely by the Optionee and, after the Optionee's death, the Option shall be exercisable (subject to the limitations specified in the Plan) solely by the representatives of the Optionee, or by the person or persons who acquire the right to exercise the Option by will or by the laws of descent and distribution, to the extent that the Option is then exercisable pursuant to the provisions of Paragraphs 5 and 6 below.
		

		
			 
		

		
			4.Exercise Procedures.
		

		
			 
		

		
			Subject to the exercise provisions below, the Optionee may exercise the Option with respect to all or a portion of the Option. The Optionee may exercise the Option by giving the President of the Company written notice of intent to exercise in the manner provided in Paragraph 15 hereof.  Such notice shall specify the number of Shares as to which this Option is to be exercised and shall be accompanied by the applicable exercise price (i) in cash or personal check, which shall be accepted subject to collection in the ordinary course, (ii) with the approval of the Board, by delivering Shares already owned by the Optionee having a fair market value on the date of exercise equal to the option price, or (in) with a combination of cash, check or Shares.
		

		
			 
		

		
			The obligation of the Company to deliver Shares upon such exercise of the Option shall be subject to all applicable Federal and State laws, rules, regulations and such approvals by governmental agencies as may be deemed appropriate by the Board, including, among other things, such steps as Company counsel shall deem necessary or appropriate to comply with relevant securities laws and regulations. The Board, as it deems appropriate, shall have the right to impose restrictions on the resale or transfer of Shares received upon the exercise of the Option, to comply with any applicable state or Federal securities laws. All obligations of the Company hereunder shall be subject to the rights of the Company or any of its subsidiaries as set forth in the Plan to withhold amounts required to be withheld for any taxes. If the Optionee fails to accept delivery of, or to pay for, any of the Shares specified in such notice upon tender of delivery thereof, the Optionee's right to purchase such undelivered Shares may be terminated, at the sole discretion of the Board. The date that notice of an election to exercise is received by the Company shall be deemed the date of exercise hereunder.
		

		
			 
		

		
			5.Term of Option.
		

		
			 
		

		
			The Option granted hereunder shall have a term of nine (9) years from the Date of Grant and shall terminate at the expiration of that period, unless it is terminated at an earlier date pursuant to the further provisions of this Stock Option Grant Agreement.  
		

		
			 
		

		
			The Option shall automatically terminate prior to the expiration of the option term upon the happening of certain events, specified in the Plan including (i) the expiration of the period beginning on the date the Optionee terminates employment with the Company for any reason other than death 
		

		 

 

		or termination for cause and ending sixty days after such termination; (ii) the expiration of the six month period after the Optionee terminates employment with the Company on account of death, or (iii) the date of the Optionee's employment with the Company or any of its subsidiaries is terminated for cause by the Company, as determined by the Board in accordance with the Company's personnel policy.
		

		
			 
		

		
			6.Vesting of Option.
		

		
			 
		

		
			The Option shall become exercisable in ________ installments according to the schedule set forth below:
		

		
			 
		

		
			DateShares
		

		
			 
		

		
			 
		

		
			 
		

		
			Notwithstanding the foregoing, the Option shall become fully exercisable upon the occurrence of a Change in Control (as defined in Section 9 of the Plan).
		

		
			 
		

		
			Notwithstanding anything to the contrary, the Option shall not become exercisable after the Option is terminated as provided in Paragraph 5 above.
		

		
			 
		

		
			NOTWITHSTANDING ANY OTHER PROVISIONS SET FORTE HEREIN OR IN THE PLAN, IF THE OPTIONEE SHALL CEASE TO BE AN EMPLOYEE OF THE COMPANY ON ACCOUNT OF TERMINATION FOR CAUSE, AS DETERMINED BY THE BOARD IN ACCORDANCE WITH THE COMPANY'S PERSONNEL POLICY AS IN EFFECT BEFORE ANY CHANGE IN CONTROL OF THE COMPANY, THE UNEXERCISED PORTION OF THE OPTION AND ANY AND ALL RIGHTS HEREUNDER SHALL IMMEDIATELY TERMINATE AND BE VOID.
		

		
			 
		

		
			7.Right of First Refusal.  
		

		
			 
		

		
			In the event that the Optionee exercises the Option and the Optionee, or the Optionee's personal representative or beneficiary, wishes to sell, encumber or otherwise dispose of any or all of the Shares so acquired, either at the time of exercise or thereafter, the Optionee (or personal representative or beneficiary) must offer to sell the Shares to the Company by giving the Company written notice disclosing: (a) the name(s) of the proposed transferee of the Shares; (b) the certificate number and number of Shares proposed to be transferred or encumbered; (c) the proposed price; and (d) all other terms of the proposed transfer. Within fourteen (14) days after receipt of such notice, the Company shall have the option to purchase all or part of such Shares. If the Company decides to exercise this option, the purchase price of the Shares shall be the lesser of the proposed sale price or the fair market value of the Shares (as defined in Section 5(b) of the Plan) on the date the written notice is received by the Board.
		

		
			 
		

		
			In the event the Company does not exercise the option to purchase the Shares, as provided above, the Optionee shall have the right to sell or otherwise dispose of the Shares on the terms of the transfer set forth in the written notice to the Company, provided such transfer is effected within 
		

		 

 

		fifteen (15) days after the expiration of the Company's option period. If the transfer is not effected within such period the Company must again be given an option to purchase, as provided above.
		

		
			 
		

		
			8.Grant Subject to Plan Provisions.
		

		
			 
		

		
			This grant is made pursuant to the terms of the Plan, the terms of which are incorporated herein by reference, and shall in all respects be interpreted in accordance therewith. The granting and exercise of the Option are subject to the provisions of the Plan and to interpretations, regulations and determinations concerning the Plan established from tie to time by the Board in accordance with the provisions of the Plan, including, but not limited to, provisions pertaining to (a) rights and obligations with respect to withholding taxes, (b) the registration, qualification or listing of the Shares, (c) capital or other changes of the company and (d) other requirements of applicable law. A complete copy of the Plan will be provided to the Optionee upon request.
		

		
			 
		

		
			9.No Rights to Employment.
		

		
			 
		

		
			Neither the granting of the Option nor any other action taken with respect to the Option or the Plan shall confer upon the Optionee any right to continue as an employee of the Company or any of its subsidiaries or interfere in any way with the right of the Company to terminate the Optionee's employment with the Company or any of its subsidiaries at any time. Except as may be otherwise limited by another written agreement, the right of the Company to terminate at will the Optionee's employment (whether by dismissal, discharge, retirement or otherwise) is specifically reserved.
		

		
			 
		

		
			10.No Stockholder Rights.
		

		
			 
		

		
			Neither the Optionee, nor any person entitled to exercise the Optionee's rights in the event of the Optionee's death, shall have any of the rights and privileges of a stockholder with respect to the Shares subject to the Option, except to the extent that certificates for such Shares shall have been issued upon the exercise of the Option as provided herein.
		

		
			 
		

		
			11.Cancellation or Amendment.
		

		
			 
		

		
			This grant may be canceled or amended by the Board, in whole or in part, at any time if the Board determines, in its sole discretion, that cancellation or amendment is necessary or advisable in light of any change after the Date of Grant in (a) the Code or the regulations issued thereunder or (b) any federal or state securities law or other law or regulation, which change by its term is effective retroactively to a date on or before the Date of Grant.
		

		
			 
		

		
			12.Board Authority.
		

		
			 
		

		
			The Board shall have the right to interpret the option and to make factual determinations regarding this instrument and its decisions with respect thereto shall be conclusive upon any question arising hereunder.
		

		
			 
		

		
			
		

		
			 
		

		

		

		 

 

		            13.Assignment and Transfers
		

		
			 
		

		
			The rights and interests of the Optionee under this Stock Option Grant Agreement may not be sold, assigned, encumbered or otherwise transferred, except in the event of the death of the Optionee, by will or by the laws of descent and distribution. In the event of any attempt by the Optionee to alienate, assign, pledge, hypothecate, or otherwise dispose of the Option or any right hereunder, except as provided for herein, or in the event of the levy of any attachment, execution or similar process upon the rights or interest hereby conferred, the Company may terminate the Option by notice to the Optionee and the Option and all rights hereunder shall thereupon become null and void.
		

		
			 
		

		
			14.Applicable Law.
		

		
			 
		

		
			The validity, construction, interpretation and effect of this instrument shall be governed by and determined in accordance with the laws of the Commonwealth of Pennsylvania.
		

		
			 
		

		
			15.Notice.
		

		
			 
		

		
			Any notice to the Company provided for in this instrument shall be addressed to it in care of the President of the Company, P. 0. Box 20405,  Lehigh Valley,  PA 18002-0405, or such other address specified by the Company or any successor thereto, and any notice to the Optionee shall be addressed to such Optionee at the current address shown on the payroll of the Company, or to such other address as the Optionee may designate to the Company in writing. Any notice provided for hereunder shall be delivered by hand, sent by telecopy or telex or enclosed in a properly sealed envelope addressed as stated above and deposited, postage and registry fee prepaid, in a post office or branch post office regularly maintained by the United States Postal Service.
		

		
			 
		

		
			16.FDIC Provisions.
		

		
			 
		

		
			Optionee agrees and acknowledges that in accordance with FDIC regulations and guidelines, Optinee may be required to exercise or forfeit this Option if the Company's capital falls below minimum capital requirements.
		

		
			 
		

		
			IN WITNESS WHEREOF, EMBASSY BANCORP, INC. has caused its duly authorized officer to execute and attest this instrument, and the Optionee has placed his or her signature herein, effective as of the Date of the Grant.
		

		
			 
		

		
			Attest:EMBASSY BANCORP, INC.
		

		
			 
		

		
			
		

		
			__________________________       By: _______________________________
		

		
			 
		

		
			 
		

		
			 
		

		
			            Accepted: ______________________________
		

		
			                    Optionee

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