Document:

<PAGE>

                                                                  Exhibit 10(ix)
                                                                  --------------

      Employment Agreement between Susquehanna, Williamsport National Bank
              and Charles W. Luppert, dated March 20, 2001
<PAGE>

                              EMPLOYMENT AGREEMENT

     AGREEMENT made this 20th day of March, 2001, but effective as of February
28, 2001, by and between SUSQUEHANNA BANCSHARES, INC., a Pennsylvania
corporation organized as a financial holding company under the Bank Holding
Company Act of 1956, as amended (the "Company"), and WILLIAMSPORT NATIONAL BANK,
a nationally-chartered bank and a wholly-owned subsidiary of the Company (the
"Bank"), on the one side, and CHARLES W. LUPPERT, an adult individual whose
principal residence is at 1618 Heather Lane, Williamsport, Pennsylvania 17701
(the "Employee"), on the other side.

                                   Background

     Employee currently serves as one of the principal executive officers of the
Bank. The Company and the Bank desire to induce the Employee to remain in the
Bank's employment, and the Employee hereby agrees to accept continuation of
employment with the Bank on the terms and subject to the conditions hereinafter
set forth.

     1.   Position. The Company hereby agrees to cause the Bank to continue the
          --------
Employee's employment, the Bank hereby agrees to continue the Employee's
employment, and the Employee hereby agrees to continue employment with the Bank,
as President and Cashier of the Bank. By virtue of this Agreement, the Employee
is hereby appointed as a senior executive officer of the Company, which
appointment shall not interfere with the Employee's full time performance of his
duties with the Bank.

     2.   Duties.
          ------

          2.1 The Employee agrees to assume such duties and responsibilities as
may be consistent with the position of President and Cashier of the Bank, and as
may be assigned to the Employee by the Board of Directors, the Chief Executive
Officer of the Bank (if not

                                       1
<PAGE>

the President) or by the by-laws of the Bank, from time to time. No change in
the duties of the Employee shall in any way diminish the compensation payable to
him pursuant to the provisions of paragraph 4 hereof.

          2.2 The Employee agrees to devote his full time, skill, attention and
energies, and his best efforts to the performance of his duties under this
Agreement consistent with practices and policies established from time to time
by the Company and the Bank and shall not, during the term of this Agreement,
engage in any other business activity (including, without limitation,
participation by the Employee on any unaffiliated profit or non-profit board of
directors) except: (i) upon the prior written notice to and consent of the
Bank's Board of Directors, or (ii) solely as an investor in real or personal
property, the management of which shall not detract from the performance of his
duties hereunder; provided, however, that the engagement by the Employee in any
such business activity shall at all times be in conformity with the Bank's Code
of Conduct, as the same may be amended or supplemented from time to time.
Notwithstanding anything herein to the contrary, the Employee shall terminate
any such activity upon reasonable request by the Company.

     3. Period of Employment. Unless terminated earlier pursuant to subparagraph
        --------------------
7.3, 10.1, 10.2, 10.3 , 10.5 or 10.7 hereof, the period of employment (the
"Period of Employment") shall be three (3) years from the date hereof or from
the most recent "Renewal Date" as hereinafter used. In each year here following,
between the dates of January 1 and February 28 (the "Renewal Period"), the
Company may renew in writing this Agreement, making such adjustments to the
compensation provisions set forth in Section 4 hereof as the parties hereto may
agree in writing. In the absence of such written agreement between the parties,
the Company will be deemed to have not renewed this Agreement. As provided
herein, the date on

                                       2
<PAGE>

which written notice of renewal is given the Employee, which shall be no later
than seven (7) business days following the last day of the Renewal Period, shall
be the "Renewal Date."

     4.   Compensation. For all services rendered by the Employee under this
          ------------
Agreement, the Company shall pay, or shall cause the Bank to pay, to the
Employee compensation as provided below:

          4.1 Base Salary. Commencing on the date hereof and continuing for the
              -----------
next twelve (12) months of employment hereunder, the Company shall pay, or shall
cause the Bank to pay, the Employee, in equal monthly installments, a minimum
base salary at the rate of $163,000 per year. In connection with the annual
review required by Section 4.3 hereof, the Employee's base salary shall be
reviewed and in light of such review may be increased (but not decreased),
taking into account any change in the Employee's responsibilities, performance
of the Employee and other pertinent factors. Payment of any increase in the
Employee's base salary (if any) shall commence no later than July 1st of the
year in which the increase is granted.

          4.2 Bonus. The Company or the Bank may but shall not be required to
              -----
pay to the Employee annual bonus compensation in such amount as may be
determined by the appropriate Board of Directors within guidelines established
by the Company. Such bonus shall not exceed the amount of the Employee's basic
compensation.

          4.3 Annual Review. The determination of compensation payable by the
              -------------
Company or the Bank hereunder shall be made by the Compensation Committee of the
Company, or its nominee, which shall perform an annual review of this Agreement,
the Employee's performance with the Bank, and compensation payable hereunder. In
such annual review, the Compensation Committee shall consider the
recommendations of the Bank's Board of Directors. The results of such review,
including recommendation as to salary adjustment and

                                       3
<PAGE>

bonus, shall be reported to the Company and shall be memorialized in the minutes
of the meetings of the Bank's Board of Directors or held in a confidential file
by the Bank's or the Company' s Human Resources Department.

     5. Employee Expenses. Subject to such general employee expense account
        -----------------
policies as the Company and the Bank may from time to time adopt, the Company,
or the Bank, as the case may be, will pay or reimburse the Employee upon
presentation of vouchers or invoices for reasonable expenses incurred by the
Employee in the performance of his duties in carrying out the terms and
provisions of this Agreement, including, without limitation, expenses for such
items as entertainment, travel, meals, hotel and similar items. In the event
that any reimbursed expenses are disallowed by the Internal Revenue Service as
deductions to the Company or the Bank, as the case may be, the Employee shall
retain such reimbursed expense amounts which the Employee shall treat and report
as additional compensation and which the Company or the Bank, as the case may
be, shall treat as deductible salary expense.

     6.   Vacations. The Employee will be entitled to no less than five (5)
          ---------
weeks of paid vacation annually, to be taken at times reasonably convenient to
the Company and the Bank.

     7.   Benefits.
          --------

          7.1 The Employee shall be entitled to group term life insurance
     insuring the Employee's life during the term of employment, disability
     insurance coverage, and accidental death and dismemberment benefits,
     including death benefit, in such amounts and in such coverage as shall be
     consistent with the insurance coverage programs available to other salaried
     employees of the Bank, as the same may change from time to time. The
     Employee shall designate the beneficiary of such policy and benefits.

          7.2 The Employee shall be entitled to major medical and health
insurance

                                       4
<PAGE>

coverage for the Employee and his immediate family on such terms, in such
amounts and in such coverage as shall be consistent with the insurance coverage
programs available to other salaried employees of the Bank generally, as the
same may change from time to time.

          7.3 If the Employee becomes and continues to be permanently disabled,
such disability to be defined as the Employee's inability, as a result of
illness, incapacity, disease or calamity to perform a substantial part of his
reasonable duties as set forth herein, with no reasonable expectation that the
Employee will be able to resume the performance of his reasonable duties, the
Company shall continue to pay, or shall cause the Bank to pay, to the Employee
the base salary set forth in paragraph 4, above, and, except as provided in the
next sentence of this paragraph, all other benefits as set forth in this
Agreement for a period of no less than six (6) months following the commencement
of such permanent disability. Any provision of this Agreement notwithstanding,
the Employee shall be conclusively deemed to be permanently disabled if he is
physically or mentally unable to perform his duties or a substantial part
thereof for a period of six consecutive months. The Employee shall have no right
to earn any bonus compensation during such period of time. Thereafter, if such
permanent disability continues, this Agreement shall terminate and the Company
and the Bank (i) shall have no further obligation to the Employee under this
Agreement other than in connection with such benefits as may be available under
such disability insurance programs and (ii) shall not be obligated to provide or
pay for any other benefits under the programs or policies listed in
subparagraphs 7.1 and 7.2 above, except to the extent that any of the benefits
available under such programs or policies survive termination of the Employee's
employment by their express terms, or as required by law, in which event they
shall continue only as required by their express terms or as required by law,
whichever is applicable.

                                       5
<PAGE>

          7.4 To the extent such benefits are not specifically described or
duplicated hereinabove in this paragraph 7, the Employee shall also be entitled
to participate in any and all thrift, profit sharing, benefit and pension and
similar plans, now or hereafter maintained by the Company or the Bank and
offered by the Company or the Bank to its salaried, non-union employees
generally; provided, however, that if such participation in any such plan is
determined by the Company's or the Bank's Board of Directors, or any committee
thereof, then the Employee shall have no automatic entitlement to participate in
the same.

     8. Confidential Information. During the term of employment, and at any time
        ------------------------
thereafter, the Employee shall not, without the consent of a senior officer of
the Company, disclose to any person, firm or corporation (except, during the
term of his employment, to the extent necessary to perform his duties hereunder)
any customer lists, trade secrets, reports, correspondence, mailing lists,
manuals, price lists, employee lists, prospective employee lists, letters,
records or any other confidential information relating to the business of the
Company or the Bank or any Affiliate (as defined in subparagraph 17.2 hereof) of
the Company and shall not, without the consent of a senior officer of the
Company, deliver any oral address or speech or publish, or knowingly permit to
be published, any written matter in any way relating to the confidential
information regarding the business of the Company or the Bank or any Affiliate
of the Company.

     9. Property Rights. The Employee agrees that all literary work,
        ---------------
copyrightable material or other proprietary information or materials developed
by the Employee during the term of this Agreement and relating to, or capable of
being used or adopted for use in, the business of the Company or the Bank shall
inure to and be the property of the Company or the Bank and must be promptly
disclosed to the Company or the Bank, as the case may be. Both

                                       6
<PAGE>

during employment by the Company and the Bank, and thereafter, the Employee
shall, at the expense of the Company or the Bank, as the case may be, execute
such documents and do such things as the Company or the Bank reasonably may
request to enable the Company or the Bank or their nominee (i) to apply for
copyright or equivalent protection in the United States, Canada and elsewhere
for any literary work hereinabove referred in this paragraph, or (ii) to be
vested with any such copyright protection in the United States, Canada and
elsewhere.

     10.  Termination.
          -----------

          10.1 The Employee shall be deemed to have been given notice of
termination ("Notice of Termination") for purposes of this subsection 10.1 if
this Agreement is not renewed by the Company during the Renewal Period
commencing next after a Renewal Date (or after the first anniversary of this
Agreement, if there is no Renewal Date) and (i) the Employee elects in a writing
delivered to the Company within thirty (30) calendar days of the termination of
the Renewal Period to treat such failure to renew as Notice of Termination,
effective as of the date of delivery of such election to the Company, or (ii) if
the Employee does not exercise his rights under the immediately preceding
clause, effective on the last day of the twenty-fourth (24th) month following
the most recent Renewal Date.

          Upon the effective date of a Notice of Termination under this
subsection 10.1, the Company may request the Employee to, and if requested, the
Employee shall continue to perform his duties as set forth in this Agreement for
a period not to exceed three (3) months from the effective date of Notice of
Termination. In addition to such period, the Employee shall be reasonably
available for a period of nine (9) additional months for advice and consultation
as requested by the Company or the Bank. The Employee shall be entitled to
receive all salary and benefits for a period of twelve (12) months following the
effective date of Notice of Termination;

                                       7
<PAGE>

provided, however, that in the event the Employee obtains other employment in
the twelve (12) month period following the effective date of Notice of
Termination, then the amount of base salary due hereunder shall be decreased by
the salary and benefits received by the Employee attributable to other
employment during such twelve (12) month period.

          10.2 This Agreement shall be terminated upon action of the Employee by
not less than two (2) months notice to the Company. The Employee agrees in the
event of termination under this subparagraph to cooperate, advise and consult
the Company as needed to assist in the transition of the Employee's replacement
during such two (2) month period and thereafter for a period of four (4) months
during reasonable times and under reasonable circumstances.

          10.3 Nothing in this Agreement shall be construed to prevent immediate
termination by the Company of the Employee's employment under this Agreement for
cause, which shall include, and be limited to: (a) the Employee's personal
dishonesty; (b) the Employee's incompetence; (c) the Employee's willful
misconduct; (d) the Employee's breach of fiduciary duty involving personal
profit; (e) the Employee's intentional failure to perform stated duties; (f) the
Employee's willful violation of any law, rule or regulation (other than traffic
violations or similar offenses); (g) the issuance of a final cease-and-desist
order by a state or federal agency having jurisdiction over the Company or the
Bank or any entity which controls the Company or the Bank to the extent such
cease-and-desist order requires the termination of the Employee; or (h) a
material breach by the Employee of any provision of this Agreement.

          10.4 If this Agreement is terminated under subparagraphs 10.2 or 10.3
hereof, the Company shall be obligated to pay the Employee his base salary to
the date of such termination, plus any accrued bonus. The Company or the Bank
shall not be obligated to provide

                                       8
<PAGE>

or pay for any benefits under the programs or policies listed in Section 7 above
except to the extent that any of the benefits available under such programs or
policies survive termination of the Employee's employment by their express
terms, or as required by law (e.g., COBRA), in which event they shall continue
only as required by their express terms or as required by law, whichever is
applicable.

          10.5 In addition to termination under subparagraphs 10.1, 10.2 and
10.3 above, the Employee's employment by the Company under this Agreement may be
terminated by the Company at any time without cause during the term provided in
this Employment Agreement or by the Employee as follows: (i) within twelve (12)
months following the date of this Agreement if there occurs an adverse change in
the Employee's circumstances within such twelve month period; or (ii) within
twelve (12) months following a Change of Control (as defined in subparagraph
17.2 below) if there occurs an adverse change in the Employee's circumstances
within such twelve (12) month period.

          For purposes of this Agreement, "an adverse change in the Employee's
circumstances" shall include and be limited to (A) a significant change in the
nature or scope of the Employee's duties as set forth in the first sentence of
paragraph 2 hereof such that the Employee has been reduced to a position of
materially lesser authority, status or responsibility (provided, however, for
purposes of this subparagraph, in circumstances not involving a Change of
Control, so long as the Employee remains a senior officer (which shall mean and
include any officer position with the Company or the Bank above the position of
vice president), an adverse change in circumstance shall not be deemed to have
occurred), or the time required to be spent by the Employee 60 miles or more
beyond the Company's geographic market area shall be increased without the
Employee's consent by more than twenty percent (20%), increased against

                                       9
<PAGE>

the average of the two (2) preceding years, or (B) a reduction in the Employee's
base compensation or (C) any other material and willful breach by the Company or
the Bank of any other provision of this Agreement.

          In any such event of termination under this subparagraph 10.5, the
Company shall pay to the Employee in a lump sum an amount equal to the greater
of the Employee's then current monthly salary rate or the rate in effect prior
to any reduction which led to the termination times the number of months
otherwise remaining in the Period of Employment set forth in paragraph 3. The
Company shall also provide the Employee with the following, or the value
thereof:

          (a) in addition to the benefits provided under subparagraph 7.4
hereof, the pension benefits which would have accrued had the Employee remained
in the employ of the Company for the remainder of the Period of Employment,
which benefits will be paid concurrently with the benefits which would otherwise
have been provided under such "plans"; and

          (b) all other employee benefits to which the Employee would have been
entitled under paragraph 7 hereof if he had remained in the employ of the
Company for the remainder of the Period of Employment.

          10.6 (i) Anything in this Agreement to the contrary notwithstanding,
in the event that it shall be determined that any payment or distribution by the
Company to or for the benefit of the Employee, whether paid or payable or
distributed or distributable pursuant to the terms of this Agreement or
otherwise (a "Payment"), would constitute an "excess parachute payment" within
the meaning of Section 280G of the Internal Revenue Code of 1986, as amended
(the "Code"), and that it would be economically advantageous to the Company to

                                       10
<PAGE>

reduce the Payment to avoid or reduce the taxation of excess parachute payments
under Section 4999 of the Code, the aggregate present value of amounts payable
or distributable to or for the benefit of the Employee pursuant to this
Agreement (such payments or distributions pursuant to this Agreement are
hereinafter referred to as "Agreement Payments") shall be reduced (but not below
zero) to the Reduced Amount. The "Reduced Amount" shall be an amount expressed
in present value which maximizes the aggregate present value of Agreement
Payments without causing any Payment to be subject to the taxation under Section
4999 of the Code. For purposes of this subparagraph 10.6, present value shall be
determined in accordance with Section 280G(d)(4) of the Code.

          (ii) All determinations to be made under this subparagraph 10.6 shall
be made by the Company's independent public accountant (the "Accounting Firm"),
which firm shall provide its determinations and any supporting calculations both
to the Company and the Employee within 10 days of his termination of employment.
Any such determination by the Accounting Firm shall be binding upon the Company
and the Employee. The Employee shall in his sole discretion determine which and
how much of the Agreement Payments shall be eliminated or reduced consistent
with the requirements of this subparagraph 10.6. Within thirty days after the
Employee's determination, the Company shall pay (or cause to be paid) or
distribute (or cause to be distributed) to or for the benefit of the Employee
such amounts as are then due to the Employee under this Agreement.

          (iii) As a result of the uncertainty in the application of Section
280G of the Code at the time of the initial determination by the Accounting Firm
hereunder, it is possible that Agreement Payments, as the case may be, will have
been made by the Company which should not have been made ("Overpayment") or that
additional Agreement Payments which have not

                                       11
<PAGE>

been made by the Company could have been made ("Underpayment"), in each case,
consistent with the calculations required to be made hereunder. Within two years
after the termination of employment, the Accounting Firm shall review the
determination made by it pursuant to the preceding paragraph. In the event that
the Accounting Firm determines that an Overpayment has been made, any such
Overpayment shall be treated for all purposes as a loan to the Employee which
the Employee shall repay to the Company together with interest at the applicable
Federal rate provided for in Section 7872(f)(2) of the Code (the "Federal
Rate"); provided, however, that no amount shall be payable by the Employee to
the Company if and to the extent such payment would not reduce the amount which
is subject to taxation under Section 4999 of the Code. In the event that the
Accounting Firm determines that an Underpayment has occurred, any such
Underpayment shall be promptly paid by the Company to or for the benefit of the
Employee together with interest at the Federal Rate.

          (iv) All of the fees and expenses of the Accounting Firm in performing
the determinations referred to in subsections (ii) and (iii) above shall be
borne solely by the Company.

          10.7 Notwithstanding anything to the contrary set forth above, this
Agreement shall terminate immediately upon the close of business on the last
business day in the calendar year in which the Employee attains the age of 65.
Upon such termination, the Employee shall be entitled, to the extent he is
covered by such at the time, to all retirement, pension, insurance and other
benefits available to the Company's employees.

          10.8 Upon termination of employment hereunder, the Employee shall not
malign, criticize or otherwise disparage the Company, the Bank or their
respective officers, directors or Affiliates.

                                       12
<PAGE>

     11. Records. Upon the termination of employment hereunder, the Employee
         -------
shall deliver to the Company and the Bank, as applicable, all correspondence,
reports, customer lists, office keys, manuals, advertising brochures, sample
contracts, price lists, employee lists, prospective employee lists, mailing
lists, letters, records and any and all other documents pertaining to or
containing information relative to the business of the Company or the Bank, and
the Employee shall not remove any of such records either during the course of
employment or upon the termination thereof.

     The Employee understands that in the event of a violation of the provisions
of this paragraph 11, the Company or the Bank, as the case may be, shall have
the right to seek injunctive relief, in addition to any other existing rights
provided herein or by operation of law, without the requirement of posting bond.
The remedies provided in this paragraph 11 shall be in addition to any legal or
equitable remedies existing between the Employee, the Bank and the Company, and
shall not be construed as a limitation upon, or as alternative or in lieu of,
such remedies.

     12. Prohibited Assignment. The Employee shall have no right to exchange,
         ---------------------
convert, encumber or dispose of the rights to receive the benefits or payments
under this Agreement, which payments, benefits and rights thereto are expressly
declared to be non-assignable and non-transferable.

     13. Indemnification. To the extent permitted by law, the Company and the
         ---------------
Bank shall indemnify the Employee and hold him harmless from all liability and
claims, whether meritorious or not, including the cost of defense thereof
(including reasonable attorneys' fees) which have arisen or accrued or which
hereafter may arise or accrue and are based upon any act or omission which the
Employee has taken or committed or hereafter may take or commit on

                                       13
<PAGE>

behalf of or in connection with the Company or the Bank in his official
capacity, so long as the following conditions are met with respect to such claim
or liability: (a) if such action was taken in the exercise of reasonable
business judgment and was taken in an area within the scope of responsibility of
the Employee, or (b) if not within the scope of the Employee's responsibility,
(i) at the time of such act or omission the Board of Directors of the Company or
the Bank had knowledge of the facts or circumstances pursuant to which such act
was taken or such omission occurred and (ii) no written objection to such act or
omission was duly made by the Board of Directors.

     Actions taken by the Employee which are covered by this Agreement
specifically include (by way of illustration), but are not limited to, (a) the
payment of any salary, bonus or other compensation to any officer, director, or
employee, (b) the reimbursement or payment of any expenses incurred by any such
officer, director or employee, (c) the making or retention of any investments
(including, without limitation, loans) by the Company or the Bank, or (d) injury
claims against the Company, the Bank or the Employee based on negligence or
other alleged tortious actions and which arise in connection with the conduct of
the Company's or the Bank's business.

     The Employee shall indemnify the Company and the Bank and hold each
harmless from all liability and claims, whether meritorious or not, including
the cost of the defense thereof (including reasonable attorneys' fees) which
have arisen or accrued or which hereafter may arise or accrue and are based upon
acts taken without the consent or approval of the Board of Directors of the
Company or the Bank and which represent the Employee's deliberate malfeasance or
gross negligence.

     14. Non-Competition. During the term of employment hereunder, and in the
         ---------------
event

                                       14
<PAGE>

the Employee's employment is terminated pursuant to subparagraphs 10.2 or 10.3
hereof, then for a one year period thereafter, the Employee will not directly
for himself or any third party, become engaged in any business or activity which
is directly in competition with any services or financial products sold by, or
any business or activity engaged in by, the Company or the Bank, including,
without limitation, any business or activity engaged in by any federally or
state chartered bank, savings bank, savings and loan association, trust company
and/or credit union, and/or any services or financial products sold by such
entities, including, without limitation, the taking and accepting of deposits,
the provision of trust services, the making of loans and/or the extension of
credit, brokering loans and/or leases and the provision of insurance and
investment services, within a 25 mile radius of any office or facility of the
Company, the Bank or any of their Affiliates. This provision shall not restrict
the Employee from owning or investing in publicly traded securities of financial
institutions, so long as his aggregate holdings in any financial institution do
not exceed ten percent (10%) of the outstanding capital stock of such
institution.

     During the period of employment hereunder, and for a period of two years
thereafter no matter the reason of termination, the Employee will not solicit
any person who was a customer of the Company or the Bank during the period of
the Employee's employment hereunder, or solicit potential customers who are or
were identified through leads developed during the course of employment with the
Company or the Bank, or otherwise divert or attempt to divert any existing
business of the Company or the Bank within any area of 100 miles of any office
or facility of the Company, the Bank or any of their Affiliates.

     The Employee will not, either during the period of employment hereunder or
for a period of two years thereafter directly for himself or any third party,
solicit, induce, recruit or cause

                                       15
<PAGE>

another person in the employment of the Bank, the Company or any of their
Affiliates to terminate his or her employment for the purposes of joining,
associating, or becoming employed with any business or activity which is in
competition with any services or financial products sold, or any business or
activity engaged in, by Company or the Bank.

     The Employee understands that in the event of a violation of any provision
of this Agreement, the Company or the Bank shall have the right to seek
injunctive relief, in addition to any other existing rights provided in this
Agreement or by operation of law, without the requirement of posting bond. The
remedies provided in this section shall be in addition to any legal or equitable
remedies existing at law or provided for in any other agreement between the
Employee, the Bank or the Company, and shall not be construed as a limitation
upon, or as an alternative or in lieu of, any such remedies. If any provisions
of this Section shall be determined by a court of competent jurisdiction to be
unenforceable in part by reason of it being too great a period of time or
covering too great a geographical area, it shall be in full force and effect as
to that period of time or geographical area determined to be reasonable by the
court.

     15.  Survival. Notwithstanding anything to the contrary in this Agreement,
          --------
the parties agree that the Employee's obligations under paragraphs 8 and 9 of
this Agreement will continue despite the expiration of the term of this
Agreement or its termination.

     16.  Preemptive Considerations. Notwithstanding anything to the contrary
          -------------------------
set forth herein:

          16.1 If the Employee is suspended and/or temporarily prohibited from
participating in the conduct of the Bank's or the Company's affairs by a notice
served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12
U.S.C. 1818(e)(3) and (g)(1)) or any amendments or supplements thereto, the
Company's and the Bank's obligations under this

                                       16
<PAGE>

Agreement shall be suspended as of the date of service unless stayed by
appropriate proceedings. If the charges in the notice are dismissed, the Company
may in its discretion (i) pay the Employee all or part of the compensation
withheld while this Agreement's obligations were suspended, and (ii) reinstate
(in whole or in part) any of its obligations which were suspended.

          16.2 If the Employee is removed and/or permanently prohibited from
participating in the conduct of the Bank's or the Company's affairs by an order
issued under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12
U.S.C. 1818 (e)(4) or (g)(1)) or any amendments or supplements thereto, all
obligations of the Bank and the Company under the contract shall terminate as of
the effective date of the order, but vested rights of the parties shall not be
affected.

          16.3 If the Bank or the Company is in default (as defined in Section
3(x)(1) of the Federal Deposit Insurance Act), all obligations under this
Agreement shall terminate as of the date of default, but this subparagraph 16.3
shall not affect any vested rights of the parties.

     17. Miscellaneous.
         -------------

          17.1 Assignment. This Agreement (including, without limitation,
               ----------
paragraph 14 hereof relating to non-competition) shall be binding upon the
parties hereto, the heirs and legal representatives of the Employee and the
successors and assigns of the Bank and the Company.

          17.2 Definitions. The term "Company" shall mean the Company as
               -----------
hereinbefore defined or any entity succeeding to substantially all of the assets
and business of the Company. The term "Bank" shall mean the Bank as hereinbefore
defined or any entity succeeding to substantially all of the assets and business
of the Bank. The term "Affiliate" shall mean with respect to the Bank and the
Company, persons or entities controlling, controlled by or under common control
with the Bank or the Company. As used herein, a "Change of Control"

                                       17
<PAGE>

shall be deemed to have occurred upon the happening of any one or more of the
following occurrences, if prior thereto, the happening of such occurrence has
not received the approval of a majority of the disinterested members of the
Board of Directors of the Bank and/or the Company, as applicable:

          (a) A liquidation or dissolution of the Bank and/or the Company
     (excluding transfers to subsidiaries) or the sale of all or substantially
     all of the Bank's and/or the Company's assets occurs;

          (b) As a result of a tender offer, stock purchase, other stock
     acquisition, merger, consolidation, recapitalization, reverse split or sale
     or transfer of assets, any person or group (as such terms are used in and
     under Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934
     (the "Exchange Act")) becomes the beneficial owner (as defined in Rule 13-d
     under the Exchange Act), directly or indirectly, of securities of the Bank
     and/or the Company representing more than 20% of the common stock of the
     Bank and/or the Company or the combined voting power of the Bank's and/or
     the Company's then outstanding securities; provided, however, that for
     purposes of this subsection 11(b), a person or group shall not include the
     Bank and/or the Company or any subsidiary or any employee benefit plan (or
     related trust) sponsored or maintained by the Bank and/or the Company or
     any subsidiary thereof;

          (c) If at least a majority of the Board of Directors of the Bank
     and/or the Company at any time does not consist of individuals who were
     elected, or nominated for election, by directors in office at the time of
     such election or nomination; or

          (d) the Bank and/or the Company merges or consolidates with any other
     corporation (other than an Affiliate) and is not the surviving corporation
     (or survives only

                                       18
<PAGE>

     as a subsidiary of another corporation).

          17.3 Notices. Any notice required, permitted or intended to be given
               -------
under this Agreement shall be in writing and shall be deemed to have been given
only if delivered personally or sent by registered or certified mail, return
receipt requested, postage prepaid; except as provided in subparagraph 10.3
hereinabove with regard to constructive notice.

          17.4 Entire Agreement. This Agreement constitutes the entire agreement
               ----------------
between the parties in connection with the subject matter hereof, supersedes any
and all prior agreements or understandings between the parties and may only be
changed by agreement in writing between the parties.

          17.5 Construction. This Agreement shall be construed and enforced in
               ------------
accordance with the laws of the Commonwealth of Pennsylvania.

          17.6 Section Headings. The section headings herein have been inserted
               ----------------
for convenience of reference only and shall in no way modify or restrict any of
the terms or provisions hereof.

                                       19
<PAGE>

         IN WITNESS WHEREOF, and intending to be legally bound, the parties have
executed this Agreement the day and year first above written.

                                                SUSQUEHANNA BANCSHARES, INC.

Attest: /s/ Lisa M. Cavage                      By: /s/ Robert S. Bolinger
       ----------------------                      -----------------------------
            Secretary                           Robert S. Bolinger
                                                Chairman of the Board and
                                                Chief Executive Officer

                                                WILLIAMSPORT NATIONAL BANK

Attest: /s/ Joan F. Stubler                     By: /s/ Chris W. Rager
       ----------------------                      -----------------------------
            Cashier                             Name:  Chris W. Rager
                                                Title: Vice President

                                                EMPLOYEE
Witness:

 /s/ Carry N. Sheaffer                           /s/ Charles W. Luppert
-----------------------------                   --------------------------------
Name:                                           Charles W. Luppert

                                       20<PAGE>

                                                                   Exhibit 10(x)

                   Employment Agreement between Boston Service
                 Company, Inc., t/a Hann Financial Service Corp.
                  and Michael J. Wimmer, dated February 1, 2000
<PAGE>

                              EMPLOYMENT AGREEMENT

     AGREEMENT made this 1st day of February, 2000, by and between Boston
Service Company, Inc., t/a Hann Financial Services Corporation, a New Jersey
corporation (the "Company"), and Michael J. Wimmer, an adult individual whose
principal residence is at 34 Southwood Drive, Cherry Hill, NJ 08034 (the
"Executive").

                                   Background

     Executive currently serves as one of the principal executive officers of
the Company. Company, all of the shareholders of the Company and Susquehanna
Bancshares, Inc. ("Susquehanna") have heretofore entered into a Share Exchange
Agreement dated November 17, 1999 (the "Share Exchange Agreement"), pursuant to
which Susquehanna has agreed to acquire all of the issued and outstanding shares
of capital stock of the Company in accordance with the terms and provisions set
forth therein. In connection with the Share Exchange Agreement, and in
consideration therefore, the Company desires to induce the Executive to remain
in the Company's employment, and the Executive hereby agrees to accept
continuation of employment with the Company, on the terms and subject to the
conditions hereinafter set forth.

     1.   Position. The Company hereby agrees to continue the Executive's
          --------
employment, and the Executive hereby agrees to continue employment with the
Company, as President and Chief Executive Officer of the Company.

                                       1
<PAGE>

     2.   Duties.
          ------

          2.1 The Executive agrees to assume such duties and responsibilities
(i) as may be consistent with the position of President and Chief Executive
Officer of the Company, and (ii) as may be assigned to the Executive by the
Board of Directors or by the by-laws of the Company, from time to time, and
which shall also be consistent with the position of President and Chief
Executive Officer of the Company and shall not interfere with Executive's duties
and responsibilities as President and Chief Executive Officer of the Company. No
change in the duties of the Executive shall in any way diminish the compensation
payable to him pursuant to the provisions of paragraph 4 hereof.

          2.2 The Executive agrees to devote his skill, attention, energies and
best efforts to the performance of his duties under this Agreement consistent
with practices and policies established from time to time by the Company, and
shall not, during the term of this Agreement, actively engage in any other
business activity; provided, however, that the Executive may serve on the boards
of directors or trustees of (i) the entities listed on Schedule 2.2 attached
hereto, consistent with past practice, and so long as such activities do not
significantly interfere with the performance of Executive's responsibilities
under this Agreement and (ii) other civil, social or business organizations as a
member if (a) the Executive gives the Company's Board of Directors written
notice of his intent to serve on any such board and the Company's Board of
Directors does not object, and (b) such service does not interfere with the
Executive's ability to discharge his duties and responsibilities to the Company
hereunder. Notwithstanding anything herein to the contrary, the Executive shall
terminate any such service on any other board upon reasonable request by the
Company.

                                       2
<PAGE>

          3.   Period of Employment. Unless terminated earlier pursuant to
               --------------------
subparagraph 7.4, 10.1 or 10.2 hereof, the period of employment (the "Period of
Employment") shall be ten (10) years from the date hereof.

          4.   Compensation. For all services rendered by the Executive under
               ------------
this Agreement, the Company shall pay to the Executive compensation as provided
below:

               4.1 Base Salary. Commencing on the date hereof and continuing
                   -----------
during the Period of Employment, the Company shall pay the Executive an annual
base salary of $250,000 (less any withholding as required by law). Such base
salary shall be paid in equal installments for pay periods established by the
Company's standard payroll procedures applicable to all employees.

               4.2 Bonus. The Company shall pay to the Executive annual bonus
                   -----
compensation calculated in accordance with the formula set forth in Schedule 4.2
attached hereto and made a part hereof.

               4.3 Annual Review. The Compensation Committee of Susquehanna, or
                   -------------
its nominee, shall perform an annual review of this Agreement and the
Executive's performance with the Company. The results of such review shall be
reported to the Company and to the Executive and shall be memorialized in the
minutes of the meetings of the Company's Board of Directors.

     5. Executive Expenses. Subject to such general executive expense account
        ------------------
policies as the Company may from time to time adopt, the Company will pay or
reimburse the Executive upon presentation of vouchers or invoices for reasonable
expenses incurred by the Executive in the performance of his duties in carrying
out the terms and provisions of this Agreement,

                                       3
<PAGE>

including, without limitation, expenses for such items as entertainment, travel,
meals, hotel and similar items. In the event that any reimbursed expenses are
disallowed by the Internal Revenue Service as deductions to the Company, the
Executive shall retain such reimbursed expense amounts which the Executive shall
treat and report as additional compensation and which the Company may treat as
deductible salary expense.

     The Company also shall provide the Executive during his employment under
this Agreement with the full time use of a car selected by the Executive and
comparable to the car available at present, and shall provide automobile
insurance and reimburse gasoline expenses consistent with past practice. Such
car shall be selected and maintained in accordance with the Company's general
policy on cars for managers having need of a car for business use, and
consistent with past practice shall be replaced at the request of the Executive
once during every twelve-month period.

     6.   Vacations. Executive will be entitled to no less than four (4) weeks
          ---------
of paid vacation annually, to be taken at times reasonably convenient to the
Company.

     7.   Benefits.
          --------

          7.1 The Executive shall be entitled to group term life insurance
insuring the Executive's life during the term of employment, disability
insurance coverage, and accidental death and dismemberment benefits, including
death benefit, in such amounts and in such coverage as shall be consistent with
the insurance coverage programs available to other salaried executives of the
Company, as a subsidiary of Susquehanna, as the same may change from time to
time. The Executive shall designate the beneficiary of such policy and benefits.

          7.2 The Executive shall be entitled to major medical and health
insurance

                                       4
<PAGE>

coverage for the Executive and his immediate family on such terms, in such
amounts and in such coverage as shall be consistent with the insurance coverage
programs available to other salaried executives of the Company generally, as a
subsidiary of Susquehanna, as the same may change from time to time. Such
insurance shall contain no exclusions for pre-existing conditions.

          7.3 The Executive shall be entitled to participate in the pension and
profit sharing plans of the Company in such amounts and under such terms as
shall be consistent with the programs available to other salaried executives of
the Company, as a subsidiary of Susquehanna, as the same may change from time to
time.

          7.4 If the Executive becomes and continues to be permanently disabled,
such disability to be defined as the Executive's inability, as a result of
illness, incapacity, disease or calamity to perform a substantial part of his
reasonable duties as set forth herein, with no reasonable expectation that the
Executive will be able to resume the performance of his reasonable duties, the
Company shall continue to pay to the Executive the base salary set forth in
paragraph 4, above, and, except as otherwise provided in this paragraph, all
other benefits as set forth in this Agreement for a period of no less than six
(6) months following the commencement of such permanent disability. Any
provision of this Agreement notwithstanding, the Executive shall be conclusively
deemed to be permanently disabled if he is physically or mentally unable to
perform his duties or a substantial part thereof for a period of six consecutive
months. The Executive shall have no right to earn any bonus compensation during
such period of time. At the end of such six-month period, if such permanent
disability continues, this Agreement shall terminate at the option of the
Company in its sole discretion and the Company shall have no further obligation
to the Executive under this Agreement other than in connection with such

                                       5
<PAGE>

benefits as may be available under such disability insurance programs and other
programs as may be provided at that time pursuant to subparagraphs 7.1 and 7.2
hereof.

          7.5 Except for incentive compensation (which shall be governed
exclusively by subparagraph 4.2 of this Agreement), to the extent such benefits
are not specifically described or duplicated hereinabove in this paragraph 7,
the Executive shall also be entitled to participate, when eligible (as and to
the extent of any other eligible executive of the Company), in any and all
thrift, profit sharing, benefit and pension and similar plans, now or hereafter
maintained by the Company and offered by the Company to its salaried, non-union
executives generally; provided, however, that in the Company's discretion the
Executive shall be entitled to participate in any stock option or bonus plans
maintained or offered by the Company or Susquehanna.

     8. Confidential Information. During the Period of Employment, and at any
        ------------------------
time thereafter, the Executive shall not, without the consent of the Board of
Directors of the Company, disclose to any person, firm or corporation any
customer lists, trade secrets, reports, correspondence, mailing lists, manuals,
advertising brochures, sample contracts, price lists, employee lists,
prospective employee lists, letters, records or any other confidential
information relating to the business of the Company or any Affiliate (as defined
in subparagraph 17.2 hereof) of the Company.

     9. Property Rights. Executive agrees that all literary work, copyrightable
        ---------------
material or other proprietary information or materials developed by the
Executive during the term of this Agreement and relating to, or capable of being
used or adopted for use in, the business of the Company shall inure to and be
the property of the Company and must be promptly disclosed to the Company. Both
during employment by the Company and thereafter, the Executive shall, at the
expense of the Company, execute such documents and do such things

                                       6
<PAGE>

as the Company reasonably may request to enable the Company or its nominee (i)
to apply for copyright or other intellectual property right protection in the
United States, Canada and elsewhere for any literary work or proprietary
information hereinabove referred in this paragraph or (ii) to be vested with any
such copyright or other such protection in the United States, Canada and
elsewhere.

     10.  Termination.
          -----------

          10.1 This Agreement may be terminated at any time upon action of the
Executive by not less than two (2) months notice to the Company. The Executive
agrees in the event of termination under this subparagraph to cooperate, advise
and consult the Company as needed to assist in the transition of the Executive's
replacement during such two (2) month period and thereafter for a period of four
(4) months during reasonable times and under reasonable circumstances, and the
Company agrees to compensate the Executive consistent with the terms of this
Agreement during such time period.

          10.2 This Agreement shall only be terminated by the Company for cause,
which shall include, and be limited to: (a) the Executive's personal dishonesty;
(b) the Executive's incompetence; (c) the Executive's willful misconduct; (d)
the Executive's breach of fiduciary duty involving personal profit; (e) the
Executive's intentional failure to perform stated duties; (f) the Executive's
willful violation of any law, rule or regulation (other than traffic violations
or similar offenses); (g) the issuance of a final cease-and-desist order by a
state or federal agency having jurisdiction over the Company or any entity which
controls the Company to the extent such cease-and-desist order requires the
termination of the Executive; or (h) a material breach by the Executive of any
provision of this Agreement. Any termination by the Company, under this
subparagraph 10.2 shall result in the immediate termination of Executive's

                                       7
<PAGE>

employment under this Agreement.

          10.3 If this Agreement is terminated under subparagraphs 10.1 or 10.2
hereof, the Company shall be obligated to pay the Executive his base salary to
the date of such termination, plus any other benefits to be provided to the
Executive following termination of this Agreement pursuant to paragraph 7 above.

          10.4 Upon termination of employment hereunder, the Executive shall not
malign, criticize or otherwise disparage the Company, Susquehanna or their
respective officers, directors or Affiliates.

     11. Records. Upon the termination of employment hereunder, the Executive
         -------
shall deliver to the Company all correspondence, reports, customer lists, office
keys, manuals, advertising brochures, sample contracts, price lists, employee
lists, prospective employee lists, mailing lists, letters, records and any and
all other documents pertaining to or containing information relative to the
business of the Company, and the Executive shall not remove any of such records
either during the course of employment or upon the termination thereof.

     The Executive understands that in the event of a violation of the
provisions of this paragraph 11, the Company shall have the right to seek
injunctive relief, in addition to any other existing rights provided herein or
by operation of law, without the requirement of posting bond. The remedies
provided in this paragraph 11 shall be in addition to any legal or equitable
remedies existing between the Executive and the Company, and shall not be
construed as a limitation upon, or as alternative or in lieu of, such remedies.

     12. Prohibited Assignment. The Executive shall have no right to exchange,
         ---------------------
convert, encumber or dispose of the rights to receive the benefits or payments
under this Agreement,

                                       8
<PAGE>

which payments, benefits and rights thereto are expressly declared to be
non-assignable and non-transferable.

     13. Indemnification. To the extent permitted by law, the Company shall
         ---------------
indemnify the Executive and hold him harmless from all liability and claims,
whether meritorious or not, including the cost of defense thereof (including
reasonable attorneys' fees) which have arisen or accrued or which hereafter may
arise or accrue and are based upon any act or omission which the Executive has
taken or committed or hereafter may take or commit on behalf of or in connection
with the Company in his official capacity, so long as the following conditions
are met with respect to such claim or liability: (a) if within the scope of
responsibility of the Executive, such action was taken in the exercise of
reasonable business judgment or (b) if not within the scope of the Executive's
responsibility, (i) at the time of such act or omission the Board of Directors
of the Company had knowledge of the facts or circumstances pursuant to which
such act was taken or such omission occurred and (ii) no written objection to
such act or omission was duly made by the Board of Directors and provided to the
Executive; provided, however, that in no event shall the Company indemnify the
Executive for any breach by the Executive of the Share Exchange Agreement or any
act or omission by the Executive in connection with the same.

     Actions taken by the Executive which are covered by this Agreement
specifically include (by way of illustration), but are not limited to, (a) the
payment of any salary, bonus or other compensation to any officer, director, or
employee, (b) the reimbursement or payment of any expenses incurred by any such
officer, director or employee, (c) the making or retention of any investments
(including, without limitation, loans) by the Company, or (d) injury claims
against

                                       9
<PAGE>

the Company or the Executive based on negligence or other alleged tortious
actions and which arise in connection with the conduct of the Company's
business.

     The Executive shall indemnify the Company and hold it harmless from all
liability and claims, including the cost of the defense thereof (including
reasonable attorneys' fees) which have arisen or accrued or which hereafter may
arise or accrue and are based upon acts taken without the consent or approval of
the Board of Directors of the Company and which represent the Executive's
deliberate malfeasance or gross negligence.

     14. Non-Competition. During the term of employment hereunder, and in the
         ---------------
event the Executive's employment is terminated pursuant to subparagraphs 10.1 or
10.2 hereof, then for a five (5) year period thereafter, the Executive will not
directly for himself or any third party, become engaged in any business or
activity which is directly in competition with any services or financial
products sold by, or any business or activity engaged in by, the Company,
Susquehanna or any of their Affiliates including, without limitation, any
business or activity engaged in by any leasing company or any federally or state
chartered bank, savings bank, savings and loan association, trust company and/or
credit union, and/or any services or financial products sold by such entities,
including, without limitation, the taking and accepting of deposits, the
provision of trust services, the making of loans and/or the extension of credit,
brokering loans and/or leases and the provision of insurance and investment
services, within the states of New York, Pennsylvania, New Jersey, Delaware,
Maryland or Virginia. This provision shall not restrict the Executive from
owning or investing in publicly traded securities of financial institutions, so
long as his aggregate holdings in any financial institution do not exceed ten
percent (10%) of the outstanding capital stock of such institution.

                                       10
<PAGE>

     During the period of employment hereunder, and for a period of five (5)
years thereafter no matter the reason of termination, the Executive will not
solicit any person who was a customer of the Company during the period of the
Executive's employment hereunder, or solicit potential customers who are or were
identified through leads developed during the course of employment with the
Company, or otherwise divert or attempt to divert any existing business of
Company.

     The Executive will not, either during the period of employment hereunder or
for a period of five (5) years thereafter directly for himself or any third
party, solicit, induce, recruit or cause another person in the employment of the
Company or any of its Affiliates to terminate his employment for the purposes of
joining, associating, or becoming employed with any business or activity which
is in competition with any services or financial products sold, or any business
or activity engaged in, by the Company, or any business or activity in which the
Executive has an interest.

     The Executive understands that in the event of a violation of any provision
of this Agreement, the Company shall have the right to seek injunctive relief,
in addition to any other existing rights provided in this Agreement or by
operation of law, without the requirement of posting bond. The remedies provided
in this section shall be in addition to any legal or equitable remedies existing
at law or provided for in any other agreement between the Executive or the
Company, and shall not be construed as a limitation upon, or as an alternative
or in lieu of, any such remedies. If any provisions of this Agreement shall be
held invalid for any reason whatsoever, the remaining provisions shall not be
affected thereby.

     15. Survival. Notwithstanding anything to the contrary in this Agreement,
         --------
the parties

                                       11
<PAGE>

agree that the Executive's obligations under paragraphs 8, 9, 11, 13 and 14 of
this Agreement will continue despite the expiration of the term of this
Agreement or its termination.

     16.  Preemptive Considerations. Notwithstanding anything to the contrary
          -------------------------
set forth herein:

          16.1 If the Executive is suspended and/or temporarily prohibited from
     participating in the conduct of the Company's affairs by a notice served
     under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (12
     U.S.C. 1818(e)(3) and (g)(1)), the Company's obligations under this
     Agreement shall be suspended as of the date of service unless stayed by
     appropriate proceedings. If the charges in the notice are dismissed, the
     Company may in its discretion (i) pay the Executive all or part of the
     compensation withheld while this Agreement's obligations were suspended,
     and (ii) reinstate (in whole or in part) any of its obligations which were
     suspended.

          16.2 If the Executive is removed and/or permanently prohibited from
     participating in the conduct of the Company's affairs by an order issued
     under Section 8(e)(4) or (g)(1) of the Federal Deposit Insurance Act (12
     U.S.C. 1818(e)(4) or (g)(1)), all obligations of the Company under the
     contract shall terminate as of the effective date of the order, but vested
     rights of the parties shall not be affected.

          16.3 If the Company is in default (as defined in Section 3(x)(1) of
     the Federal Deposit Insurance Act), all obligations under this Agreement
     shall terminate as of the date of default, but this subparagraph 16.3 shall
     not affect any vested rights of the parties.

     17.  Miscellaneous.
          -------------

          17.1 Assignment. This Agreement (including, without limitation,
               ----------
paragraph 14

                                       12
<PAGE>

hereof relating to non-competition) shall be binding upon the parties hereto,
the heirs and legal representatives of the Executive and the successors and
assigns of the Company. If the Company is merged with or into any other company
or other entity, by operation of law, or otherwise, or if the Company sells all
or substantially all of its stock or assets to any other company or other
entity, the surviving or successor entity shall assume all obligations of the
Company arising after such merger or sale under this Agreement and shall be
assigned the benefits of the Company under this Agreement; and all references to
the "Company" in this Agreement shall be deemed to refer to such surviving or
successor entity.

          17.2 Definitions. The term "Company" shall mean the Company as
               -----------
hereinbefore defined or any entity succeeding to substantially all of the assets
and business of the Company. The term "Affiliate" shall mean with respect to the
Company, persons or entities controlling controlled by or under common control
with the Company.

          17.3 Notices. Any notice required, permitted or intended to be given
               -------
under this Agreement shall be in writing and shall be deemed to have been given
only if delivered personally or sent by registered or certified mail, return
receipt requested, postage prepaid to such party at its address set forth below
or such other address as such party may specify by notice to the other party
hereto.

                  If to the Company, to:

                           Boston Service Company, Inc.
                           (t/a Hann Financial Service Corporation)
                           One Centre Drive
                           Jamesburg, NJ 08831
                           Attention:  Robert S. Bolinger, Director

                                       13
<PAGE>

                  With copies to:

                           Susquehanna Bancshares, Inc.
                           26 North Cedar Street
                           Lititz, PA 17543
                           Attention:  President and Chief Executive Officer

                  If to the Executive, to:

                           Michael J. Wimmer
                           34 Southwood Drive
                           Cherry Hill, NJ 08034

                  With copies to:

                           Capehart & Scatchard, P.A.
                           8000 Midlantic Drive, Suite 300
                           Mt. Laurel, NJ 08054
                           Attn:  Charles A. Rizzi, Jr. Esq.

          17.4 Entire Agreement. This Agreement constitutes the entire agreement
               ----------------
between the parties in connection with the subject matter hereof, supersedes any
and all prior agreements or understandings between the parties and may only be
changed by agreements in writing between the parties.

          17.5 Construction. This Agreement shall be construed and enforced in
               ------------
accordance with the laws of the Commonwealth of Pennsylvania.

          17.6 Section Headings. The section headings herein have been inserted
               ----------------
for convenience of reference only and shall in no way modify or restrict any of
the terms or provisions hereof.

                                       14
<PAGE>

         IN WITNESS WHEREOF, and intending to be legally bound, the parties have
executed this Agreement the day and year first above written.

                                                    BOSTON SERVICE COMPANY, INC.

Witness:  /s/ Lisa M. Cavage                         By: /s/ Robert S. Bolinger
          -------------------------------                -----------------------

Witness:  /s/ Charles A. Rizzi, Jr.                      /s/ Michael J. Wimmer
          -------------------------                     ------------------------
                                                         Michael J. Wimmer

                                       15
<PAGE>

                                  Schedule 2.2

1.       Hann & Company
2.       Auto Lenders' Liquidation Center, Inc.
3.       MTW Realty LLC
4.       Michael Dodge

                                       16
<PAGE>

                                  Schedule 4.2

Provided that the Executive is employed with the Company on the date the bonus
is to be paid to the Executive, the Executive shall receive an annual bonus
based upon the following formula:

                  (A - B) divided by 0.6* x 50% = Annual Bonus

         A= the sum of: (a) the Company's net income (as determined in
accordance with GAAP) for the Applicable Calendar Year, plus (b) Originated
Loans and Leases multiplied by 30 basis points* for the Applicable Calendar Year
(using a daily average), plus (c) any average annual cumulative cash federal tax
savings provided by the Company that could not be used by the Company which
benefits Susquehanna times the average one year U.S. Treasury rate for the
Applicable Calendar Year determined by the beginning of the year rate and each
of the four quarter-end rates for that year divided by five, then multiply that
result by 0.6*, minus (d) the amount of all Risk Based Assets in excess of 10x
the Company's Risk Based Capital x 1.2%.

         B= the Susquehanna common stock earnings per share target for the
Applicable Calendar Year as determined by Susquehanna management in January of
the Applicable Calendar Year, multiplied by the aggregate number of SBI Shares**
exchanged for all of the issued and outstanding shares of BSC Shares** in
accordance with the Share Exchange Agreement***

As used herein, the following capitalized terms shall have the following
meanings:

         Applicable Calendar Year shall mean the year in which the bonus is
         earned (i.e., the bonus calculated in 2001 shall be earned in 2000).

         Originated Loans and Leases shall mean loan and lease net finance
         receivables approved by Susquehanna financial institutions and
         originated and serviced by BSC.

         Risk Based Assets and Risk Based Capital shall be calculated in
         accordance with the Board of Governors of the Federal Reserve System's
         regulatory risk based capital rules for Susquehanna and determined
         based upon the average of the beginning of the year and each of the
         four quarter-ends for the Applicable Calendar Year.

For each calendar year, Susquehanna shall determine the amount of the annual
bonus, if any, to be paid to the Executive based upon the above formula. The
annual bonus, if any, shall be paid

------------------------
*        To be adjusted if change in tax rate occurs.

**       As defined in the Share Exchange Agreement.

***      To be adjusted for subsequent stock splits, reverse stock splits,
dividends, reclassifications or other similar changes to Susquehanna common
stock.

                                       17
<PAGE>

to the Executive within 45 days after year-end (unless there is a dispute
regarding the same, in which event the payment of such bonus shall be extended
as provided below).

Within 30 days of the end of the applicable year, Susquehanna shall submit to
the Executive the determination of the annual bonus and shall provide the
Executive with access to all work papers used in the determination and the
preparation of the same. Susquehanna's determination of the annual bonus shall
become final and binding upon the parties unless within five (5) business days
following its submittal to the Executive, the Executive shall notify Susquehanna
in writing that he objects thereto. If the Executive shall so object,
Susquehanna and the Executive shall negotiate in good faith to resolve any
differences. If within 20 days following such notice by the Executive to
Susquehanna (the "Negotiation Period") any of such differences have not been
resolved (the "Disputed Matters"), then except as provided below, such Disputed
Matters shall be submitted to arbitration in Harrisburg, Pennsylvania, unless
the parties agree in writing to extend the Negotiation Period in an attempt to
negotiate a settlement of such Disputed Matters. The arbitrator (the
"Arbitrator") shall be PriceWaterhouseCoopers LLP, except that if
PriceWaterhouseCoopers LLP is unwilling or unable to be the Arbitrator, then the
Arbitrator shall be any nationally recognized accounting firm mutually agreed to
by Susquehanna and the Executive. The Arbitrator shall consider only the
Disputed Matters, and the arbitration shall be conducted in accordance with the
rules of the American Arbitration Association then effect. The Arbitrator shall
act promptly to resolve all Disputed Matters and its decision with respect to
all Disputed Matters shall be final and binding upon the parties hereto and
shall not be appealable to any court. The Arbitrator shall render an opinion in
writing setting forth the basis of its decision on the Disputed Matters. The
costs and expenses of the Arbitrator shall be borne by the non-prevailing party.

                                       18

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00021-of-00352.parquet"}]]