Document:

Exhibit 10.29
  Form of Employment Agreement between NBT Bancorp Inc. and Lance D. Mattingly
                          made as of January 1, 2002.

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                         EMPLOYMENT AGREEMENT (REVISED)

     This EMPLOYMENT AGREEMENT (the "Agreement") made and entered into this
first day of May, 2001 and revised on January 1, 2002, by and between LANCE D.
MATTINGLY ("Executive") and NBT BANCORP INC., a Delaware corporation having its
principal office in Norwich, New York ("NBTB")

W I T N E S S E T H   T H A T :

     WHEREAS, Executive is the executive vice president and chief information
officer of NBTB and  National Bank, National Association, a national banking
association which is a wholly-owned subsidiary of NBTB ("NBT Bank");

     WHEREAS, NBTB DESIRES TO SECURE THE CONTINUED EMPLOYMENT OF EXECUTIVE,
                         SUBJECT TO THE PROVISIONS OF THIS AGREEMENT; AND

     WHEREAS, Executive is desirous of entering into the Agreement for such
periods and upon the terms and conditions set forth herein;

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

     1.   EMPLOYMENT;  RESPONSIBILITIES  AND  DUTIES.
          ------------------------------------------

          (a)  NBTB  hereby  agrees  to  employ  Executive and to cause NBT Bank
and any successor organization to NBT Bank to employ Executive, and Executive
hereby agrees to serve as the executive vice president and chief information
officer of NBTB and NBT Bank and any successor organization to NBTB or NBT Bank,
as applicable during the Term of Employment.  Executive shall have such
executive duties, responsibilities, and authority as shall be set forth in the
bylaws of NBTB or NBT Bank or as may otherwise be determined by NBTB or by NBT
Bank.  During the Term of Employment, Executive shall report directly to the
chief executive officer of NBTB.

          (b)  Executive  shall  devote  his  full working time and best efforts
to the performance of his responsibilities and duties hereunder. During the Term
of Employment, Executive shall not, without the prior written consent of the
chief executive officer of NBTB, render services as an employee, independent
contractor, or otherwise, whether or not compensated, to any person or entity
other than NBTB or its affiliates; provided that Executive may, where
involvement in such activities does not individually or in the aggregate
significantly interfere with the performance by Executive of his duties or
violate the provisions of section 4 hereof, (i) render services to charitable
organizations, (ii) manage his personal investments, and (iii) with the prior
permission of the chief executive officer of NBTB, hold such other directorships
or part-time academic appointments or have such other business affiliations as
would otherwise be prohibited under this section 1.

     2.   TERM  OF  EMPLOYMENT.
          --------------------

          (a)  The  term  of  this Agreement ("Term of Employment") shall be the
period commencing on the date of this Agreement (the "Commencement Date") and
continuing until the Termination Date, which shall mean the earliest to occur
of:

               (i)  the  second  anniversary  of  the  Commencement  Date;

               (ii) the  death  of  Executive;

               (iii)  Executive's  inability  to  perform  his duties hereunder,
as a result of physical or mental disability as reasonably determined by the
personal physician of Executive, for a period of at least 180 consecutive days
or for at least 180 days during any period of twelve consecutive months during
the Term of Employment; or

               (iv) the  discharge  of  Executive  by  NBTB  "for  cause," which
shall mean one or more of the following:

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                    (A)  any  willful  or  gross  misconduct  by  Executive with
respect to the business and affairs of NBTB or NBT Bank, or with respect to any
of its affiliates for which Executive is assigned material responsibilities or
duties;

                    (B)  the  conviction  of  Executive  of  a felony (after the
earlier of the expiration of any applicable appeal period without perfection of
an appeal by Executive or the denial of any appeal as to which no further appeal
or review is available to Executive) whether or not committed in the course of
his employment by NBTB;

                    (C)  Executive's  willful  neglect,  failure,  or refusal to
carry out his duties hereunder in a reasonable manner (other than any such
failure resulting from disability or death or from termination by Executive for
Good Reason, as hereinafter defined) after a written demand for substantial
performance is delivered to Executive that specifically identifies the manner in
which NBTB believes that Executive has not substantially performed his duties
and Executive has not resumed substantial performance of his duties on a
continuous basis within thirty days of receiving such demand; or

                    (D)  the  breach  by  Executive  of  any  representation  or
warranty in section 6(a) hereof or of any agreement contained in section 1, 4,
5, or 6(b) hereof, which breach is material and adverse to NBTB or any of its
affiliates for which Executive is assigned material responsibilities or duties;
or

               (v)  Executive's  resignation  from  his  position  as  president
and chief operating officer of NBT Bank other than for "Good Reason," as
hereinafter defined; or

               (vi) the  termination  of  Executive's  employment  by  NBTB
"without cause," which shall be for any reason other than those set forth in
subsections (i), (ii), (iii), (iv), or (v) of this section 2(a), at any time,
upon the thirtieth day following notice to Executive; or

               (vii)  Executive's  resignation  for  "Good  Reason."

"Good Reason" shall mean, without Executive's express written consent,
reassignment of Executive to a position other than as president and chief
operating officer of  NBT Bank other than for "Cause," or a decrease in the
amount or level of Executive's salary or benefits from the amount or level
established in section 3 hereof.

          (b)  In  the  event  that  the  Term of Employment shall be terminated
for any reason other than that set forth in section 2(a)(vi) or 2(a)(vii)
hereof, Executive shall be entitled to receive, upon the occurrence of any such
event:

               (i)  any  salary  (as  hereinafter  defined)  payable pursuant to
section 3(a)(i) hereof which shall have accrued as of the Termination Date; and

               (ii) such  rights  as  Executive  shall  have  accrued  as of the
Termination Date under the terms of any plans or arrangements in which he
participates pursuant to section 3(b) hereof, any right to reimbursement for
expenses accrued as of the Termination Date payable pursuant to section 3(h)
hereof, and the right to receive the cash equivalent of paid annual leave and
sick leave accrued as of the Termination Date pursuant to section 3(d) hereof.

          (c)  In  the  event  that  the  Term of Employment shall be terminated
for the reason set forth in section 2(a)(vi) or 2(a)(vii) hereof, Executive
shall be entitled to receive:

               (i)  any  salary  payable  pursuant  to  section  3(a)(i)  hereof
which shall have accrued as of the Termination Date, and, for the 24 month
period commencing on the date immediately following the Termination Date, salary
payable at the rate established pursuant to section 3(a)(i) hereof, in a manner
consistent with the normal payroll practices of NBTB with respect to executive
personnel as presently in effect or as they may be modified by NBTB from time to
time; and

               (ii) such  rights  as  Executive  may  have  accrued  as  of  the
Termination Date under the terms of any plans or arrangements in which he
participates pursuant to section 3(b) hereof, any right to reimbursement for
expenses accrued as of the Termination Date payable pursuant to section 3(h)
hereof, and the right to receive the cash equivalent of paid annual leave and
sick leave accrued as of the Termination Date pursuant to section 3(d) hereof.

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               (iii)  if,  within  eighteen  (18)  months  following  the
Termination Date, Executive should sell his principal residence in the Syracuse
Rand McNally Metropolitan Area as determined by Rand McNally & Company (the
"Syracuse RMA") and relocate to a place outside of the Syracuse RMA, (A)
reimbursement for any shortfall between the net proceeds on the sale of his
principal residence and the purchase prince, including direct, necessary and
reasonable transaction costs incurred in connection with such purchase, as
determined by the finance division of NBTB, for such residence, and including
direct, necessary and reasonable expenses, as determined by the finance division
of NBTB, incurred to prepare the residence for sale, (B) reimbursement for
direct, necessary and reasonable expenses, as determined by the finance division
of NBTB, incurred in connection with the sale of such residence not already
included as part of the reimbursement under (A) above, and (C) an amount
necessary to pay all federal, state and local income taxes resulting from any
reimbursement made pursuant to (A) and (B) (including any additional federal
state and local income taxes resulting from the payment hereunder of such
taxes), the intent being that Executive shall be paid an additional amount (the
"Gross-Up") such that the net amount retained by the Executive, after deduction
of such federal, state and local income taxes resulting from the reimbursement
under (A) and (B) shall be equal to the amount of the reimbursement under (A)
and (B) before payment of such taxes; for purposes of determining the amount of
the Gross-Up, Executive shall be deemed to pay federal, state and local income
taxes at the highest marginal rate of taxation in effect in the calendar year in
which the reimbursement is made.  Amounts due under this subsection shall be
paid as soon as administratively practicable, but in no event later than ninety
(90) days after the date of the sale of Executive's principal residence.

     Notwithstanding the foregoing, in the event the Executive is reimbursed,
entitled to reimbursement, or is paid any amounts by an entity or entities other
than NBTB or NBT Bank or any affiliate or successor thereof (the "Third Party"),
for any amounts for which Executive has received, or is entitled to receive,
reimbursement under (A) or (B) above with respect to the sale of his principal
residence or any Gross-Up under (C) above, the Executive agrees:

(3)  with  regard  to  amounts already paid by NBTB or NBT Bank or any affiliate
     or successor thereof (hereinafter referred to collectively as the
     "Company"), the Executive shall notify the Company of all amounts received
     or due from the Third Party, and shall reimburse the Company in an amount
     equal to the amount so received or due from the Third Party up to the
     amount the Company paid to the Executive under (A), (B), and (C) above; and

(2)  with  regard  to  amounts  due  but  not  yet  paid  by  the Company to the
     Executive, the Executive shall notify the Company of any amounts received
     or due from the Third Party, and the Executive agrees that the Company
     shall reduce the amount due under (A), (B), and (C) above by the amount the
     Executive has been paid or is entitled to be paid by the Third Party up to
     the amount due the Executive from the Company.

     (d) Any provision of this section 2 to the contrary notwithstanding, in the
event that the employment of Executive with NBTB is terminated in any situation
described in section 3 of the change-in-control letter agreement dated July 23,
2001 between NBTB and Executive (the "Change-in-Control Agreement") so as to
entitle Executive to a severance payment and other benefits described in section
3 of the Change-in-Control Agreement, then Executive shall be entitled to
receive the following, and no more, under this section 2:

          (i) any salary payable pursuant to section 3(a)(i) hereof which shall
have accrued as of the Termination Date;

           (ii) SUCH RIGHTS AS EXECUTIVE SHALL HAVE ACCRUED AS OF THE
     TERMINATION DATE UNDER THE TERMS OF ANY PLANS OR ARRANGEMENTS IN WHICH
          HE PARTICIPATES PURSUANT TO SECTION 3(B) HEREOF, ANY RIGHT TO
      REIMBURSEMENT FOR EXPENSES ACCRUED AS OF THE TERMINATION DATE PAYABLE
       PURSUANT TO SECTION 3(H) HEREOF, AND THE RIGHT TO RECEIVE THE CASH
        EQUIVALENT OF PAID ANNUAL LEAVE AND SICK LEAVE ACCRUED AS OF THE
              TERMINATION DATE PURSUANT TO SECTION 3(D) HEREOF; AND

          (iii) the severance payment and other benefits provided in the
Change-in-Control Agreement; and

               (iv) if,  within  eighteen  (18)  months  following
the Termination Date, Executive should sell his principal residence in the
Syracuse RMA and relocate to a place outside of the Syracuse RMA, (A)
reimbursement for any shortfall between the net proceeds on the sale of his

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principal residence and the purchase price, including direct, necessary and
reasonable transaction costs incurred in connection with such purchase, as
determined by the finance division of NBT Bank, for such residence, and
including direct, necessary and reasonable expenses, as determined by the
finance division of NBT Bank, incurred to prepare the residence for sale, (B)
reimbursement for direct, necessary and reasonable expenses, as determined by
the finance division of NBT Bank, incurred in connection with the sale of such
residence not already included as part of the reimbursement under (A) above, and
(C) the Gross-Up, the intent being that the net amount retained by the
Executive, after deduction of such federal, state and local income taxes
resulting from the reimbursement under (A) and (B) shall be equal to the amount
of the reimbursement under (A) and (B) before payment of such taxes; for
purposes of determining the amount of the Gross-Up, Executive shall be deemed to
pay federal, state and local income taxes at the highest marginal rate of
taxation in effect in the calendar year in which the reimbursement is made.
Amounts due under this subsection shall be paid as soon as administratively
practicable, but in no event later than ninety (90) days after the date of the
sale of Executive's principal residence.

    NOTWITHSTANDING THE FOREGOING, IN THE EVENT THE EXECUTIVE IS REIMBURSED,
  ENTITLED TO REIMBURSEMENT, OR IS PAID ANY AMOUNTS BY A THIRD PARTY, FOR ANY
      AMOUNTS FOR WHICH EXECUTIVE HAS RECEIVED, OR IS ENTITLED TO RECEIVE,
 REIMBURSEMENT UNDER (A) OR (B) ABOVE WITH RESPECT TO THE SALE OF HIS PRINCIPAL
        RESIDENCE OR ANY GROSS-UP UNDER (C) ABOVE, THE EXECUTIVE AGREES:

(5)  with  regard  to  amounts  already paid by the Company, the Executive shall
     notify the Company of all amounts received or due from the Third Party, and
     shall reimburse the Company in an amount equal to the amount so received or
     due from the Third Party up to the amount the Company paid to the Executive
     under (A), (B), and (C) above; and

(6)  with  regard  to  amounts  due  but  not  yet  paid  by  the Company to the
     Executive, the Executive shall notify the Company of any amounts received
     or due from the Third Party, and the Executive agrees that the Company
     shall reduce the amount due under (A), (B), and (C) above by the amount the
     Executive has been paid or is entitled to be paid by the Third Party up to
     the amount due the Executive from the Company.

     3.   COMPENSATION.  For  the  services  to  be  performed  by Executive for
          -------------
NBTB and its affiliates under this Agreement, Executive shall be compensated in
the following manner:

          (a)  Salary.  During  the  Term  of  Employment:

               (i)  NBTB  shall  pay  Executive  a  salary  which,  on an annual
basis, shall not be less than $197,600 during the Term of Employment.  Salary
shall be payable in accordance with the normal payroll practices of NBTB with
respect to executive personnel as presently in effect or as they may be modified
by NBTB from time to time.

               (ii) Executive  shall  be  entitled  to  annual  salary increases
of 8 percent during the Term of Employment, beginning in January of 2003 and
shall be eligible to be considered for further salary increases, upon review, in
accordance with the compensation policies of NBTB with respect to executive
personnel as presently in effect or as they may be modified by NBTB from time to
time.

               (iii)  Executive  shall  be  eligible  for  performance  bonuses
commensurate with the Executive's title and salary grade, in accordance with the
compensation policies of NBTB with respect to executive personnel as presently
in effect or as they may be modified by NBTB from time to time.

          (b)  Employee  Benefit  Plans  or  Arrangements.  During  the  Term of
Employment, Executive shall be entitled to participate in all employee benefit
plans of NBTB, as presently in effect or as they may be modified by NBTB from
time to time, under such terms as may be applicable to officers of Executive's
rank employed by NBTB or its affiliates, including, without limitation, plans
providing retirement benefits, stock options, medical insurance, life insurance,
disability insurance, and accidental death or dismemberment insurance, provided
that there be no duplication of such benefits as are provided under any other
provision of this Agreement.

      IN ADDITION, EXECUTIVE WILL BE ELIGIBLE TO RECEIVE UP TO $25,000 IN
     TEMPORARY LIVING EXPENSES FOR A PERIOD UP TO EIGHTEEN (18) MONTHS FROM
EXECUTIVES DATE OF HIRE. PAYMENT OF SUCH EXPENSES WILL BE PROMPTLY MADE BY NBTB
             TO EXECUTIVE UPON APPROVAL OF SUBMITTED EXPENSE FORMS.

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          (c)     Stock Options.  Each January or February annually during the
Term of Employment, NBTB will cause Executive to be granted a non-statutory
("non-qualified") stock option (each an "Option") to purchase the number of
shares of the common stock of NBTB, $0.01 par value, (the "NBTB Common Stock"),
pursuant to the NBT Bancorp Inc. 1993 Stock Option Plan, as amended, or any
appropriate successor plan (the "Stock Option Plan"), computed by using a
formula approved by NBTB that is commensurate with the Executive's title and
salary grade.  The option exercise price per share of the shares subject to each
Option shall be such Fair Market Value, and the terms, conditions of exercise,
and vesting schedule of such Option shall be as set forth in section 8 of the
Stock Option Plan.

          (d)     Vacation and Sick Leave.  During the Term of Employment,
Executive shall be entitled to paid annual vacation periods and sick leave in
accordance with the policies of NBTB as in effect as of the Commencement Date or
as may be modified by NBTB from time to time as may be applicable to officers of
Executive's rank employed by NBTB or its affiliates, but in no event less than
four weeks of paid vacation per year.
          (e)     Country Club Dues.  During the Term of Employment, Executive
shall be reimbursed for dues and assessments incurred in relation to Executive's
membership at a country club mutually agreed upon by the chief executive officer
of NBTB and the Executive.

          (f)  WITHHOLDING.  ALL  COMPENSATION  TO  BE  PAID  TO
                    EXECUTIVE HEREUNDER SHALL BE SUBJECT TO REQUIRED WITHHOLDING
                    AND  OTHER  TAXES.

          (g)  Expenses. During the Term of Employment, Executive shall be
reimbursed for reasonable travel and other expenses incurred or paid by
Executive in connection with the performance of his services under this
Agreement, upon presentation of expense statements or vouchers or such other
supporting information as may from time to time be requested, in accordance with
such policies of NBTB as are in effect as of the Commencement Date and as may be
modified by NBTB from time to time, under such terms as may be applicable to
officers of Executive's rank employed by NBTB or its affiliates.

          (h) Moving Expenses: NBTB agreed to reimburse Executive up to $30,000
for moving expenses if Executive were to relocate his family from their
principal residence in Franklin, TN to within the state of New York. Upon
Executives explanation of having the need to have access to such monies in
advance of relocation, to satisfy personal debts, the Company, in good faith,
has advanced Executive said $30,000 grossed-up for applicable payroll taxes. In
doing so, Executive agrees that if he and his family do not relocate within
eighteen (18) months from the date employment commenced, Executive will repay
the Company the $30,000 (grossed-up for taxes) in its entirety. Executive also
agrees to pay any necessary collection cost the Company may incur in enforcing
its right of repayment of said amount.

     4.   CONFIDENTIAL  BUSINESS  INFORMATION;  NON-COMPETITION.
          -----------------------------------------------------

          (a)  Executive  acknowledges  that  certain business methods, creative
techniques, and technical data of NBTB and its affiliates and the like are
deemed by NBTB to be and are in fact confidential business information of NBTB
or its affiliates or are entrusted to third parties.  Such confidential
information includes but is not limited to procedures, methods, sales
relationships developed while in the service of NBTB or its affiliates,
knowledge of customers and their requirements, marketing plans, marketing
information, studies, forecasts, and surveys, competitive analyses, mailing and
marketing lists, new business proposals, lists of vendors, consultants, and
other persons who render service or provide material to NBTB or NBT Bank or
their affiliates, and compositions, ideas, plans, and methods belonging to or
related to the affairs of NBTB or NBT Bank or their affiliates.  In this regard,
NBTB asserts proprietary rights in all of its business information and that of
its affiliates except for such information as is clearly in the public domain.
Notwithstanding the foregoing, information that would be generally known or
available to persons skilled in Executive's fields shall be considered to be
"clearly in the public domain" for the purposes of the preceding sentence.
Executive agrees that he will not disclose or divulge to any third party, except
as may be required by his duties hereunder, by law, regulation, or order of a
court or government authority, or as directed by NBTB, nor shall he use to the
detriment of NBTB or its affiliates or use in any business or on behalf of any
business competitive with or substantially similar to any business of NBTB or
NBT Bank or their affiliates, any confidential business information obtained
during the course of his employment by NBTB.  The foregoing shall not be
construed as restricting Executive from disclosing such information to the
employees of NBTB or NBT Bank or their affiliates.  On or before the Termination
Date, Executive shall promptly deliver to NBTB any and all tangible,
confidential information in his possession.

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          (b)  Executive hereby agrees that from the Commencement Date until the
first anniversary of the Termination Date, Executive will not (i) interfere with
the relationship of NBTB or NBT Bank or their affiliates with any of their
employees, suppliers, agents, or representatives (including, without limitation,
causing or helping another business to hire any employee of NBTB or NBT Bank or
their affiliates), or (ii) directly or indirectly divert or attempt to divert
from NBTB, NBT Bank or their affiliates any business in which any of them has
been actively engaged during the Term of Employment, nor interfere with the
relationship of NBTB, NBT Bank or their affiliates with any of their customers
or prospective customers.  This paragraph 4(b) shall not, in and of itself,
prohibit Executive from engaging in the banking, trust, or financial services
business in any capacity, including that of an owner or employee.

          (c)  EXECUTIVE  ACKNOWLEDGES  AND  AGREES THAT IRREPARABLE INJURY WILL
RESULT TO NBTB IN THE EVENT OF A BREACH OF ANY OF THE PROVISIONS OF THIS SECTION
  4 (THE "DESIGNATED PROVISIONS") AND THAT NBTB WILL HAVE NO ADEQUATE REMEDY AT
LAW WITH RESPECT THERETO. ACCORDINGLY, IN THE EVENT OF A MATERIAL BREACH OF ANY
  DESIGNATED PROVISION, AND IN ADDITION TO ANY OTHER LEGAL OR EQUITABLE REMEDY
    NBTB MAY HAVE, NBTB SHALL BE ENTITLED TO THE ENTRY OF A PRELIMINARY AND
PERMANENT INJUNCTION (INCLUDING, WITHOUT LIMITATION, SPECIFIC PERFORMANCE) BY A
 COURT OF COMPETENT JURISDICTION IN CHENANGO COUNTY, NEW YORK, OR ELSEWHERE, TO
RESTRAIN THE VIOLATION OR BREACH THEREOF BY EXECUTIVE, AND EXECUTIVE SUBMITS TO
               THE JURISDICTION OF SUCH COURT IN ANY SUCH ACTION.

          (d)  IT  IS  THE  DESIRE AND INTENT OF THE PARTIES THAT THE PROVISIONS
OF THIS SECTION 4 SHALL BE ENFORCED TO THE FULLEST EXTENT PERMISSIBLE UNDER THE
  LAWS AND PUBLIC POLICIES APPLIED IN EACH JURISDICTION IN WHICH ENFORCEMENT IS
  SOUGHT. ACCORDINGLY, IF ANY PARTICULAR PROVISION OF THIS SECTION 4 SHALL BE
   ADJUDICATED TO BE INVALID OR UNENFORCEABLE, SUCH PROVISION SHALL BE DEEMED
    AMENDED TO DELETE THEREFROM THE PORTION THUS ADJUDICATED TO BE INVALID OR
UNENFORCEABLE, SUCH DELETION TO APPLY ONLY WITH RESPECT TO THE OPERATION OF SUCH
PROVISION IN THE PARTICULAR JURISDICTION IN WHICH SUCH ADJUDICATION IS MADE. IN
ADDITION, SHOULD ANY COURT DETERMINE THAT THE PROVISIONS OF THIS SECTION 4 SHALL
BE UNENFORCEABLE WITH RESPECT TO SCOPE, DURATION, OR GEOGRAPHIC AREA, SUCH COURT
SHALL BE EMPOWERED TO SUBSTITUTE, TO THE EXTENT ENFORCEABLE, PROVISIONS SIMILAR
   HERETO OR OTHER PROVISIONS SO AS TO PROVIDE TO NBTB, TO THE FULLEST EXTENT
      PERMITTED BY APPLICABLE LAW, THE BENEFITS INTENDED BY THIS SECTION 4.

     5.   LIFE  INSURANCE.  In  light of the unusual abilities and experience of
          ---------------
Executive, NBTB in its discretion may apply for and procure as owner and for its
own benefit insurance on the life of Executive, in such amount and in such form
as NBTB may choose.  NBTB shall make all payments for such insurance and shall
receive all benefits from it.  Executive shall have no interest whatsoever in
any such policy or policies but, at the request of NBTB, shall submit to medical
examinations and supply such information and execute such documents as may
reasonably be required by the insurance company or companies to which NBTB has
applied for insurance.

     6.   REPRESENTATIONS  AND  WARRANTIES.
          --------------------------------

          (a)  Executive  represents  and  warrants  to NBTB that his execution,
delivery, and performance of this Agreement will not result in or constitute a
breach of or conflict with any term, covenant, condition, or provision of any
commitment, contract, or other agreement or instrument, including, without
limitation, any other employment agreement, to which Executive is or has been a
party.

          (b)  Executive  shall  indemnify,  defend, and hold harmless NBTB for,
from, and against any and all losses, claims, suits, damages, expenses, or
liabilities, including court costs and counsel fees, which NBTB has incurred or
to which NBTB may become subject, insofar as such losses, claims, suits,
damages, expenses, liabilities, costs, or fees arise out of or are based upon
any failure of any representation or warranty of Executive in section 6(a)
hereof to be true and correct when made.

     7.   NOTICES.  All  notices,  consents,  waivers,  or  other communications
          --------
which are required or permitted hereunder shall be in writing and deemed to have
been duly given if delivered personally or by messenger, transmitted by telex or
telegram, by express courier, or sent by registered or certified mail, return
receipt requested, postage prepaid.  All communications shall be addressed to
the appropriate address of each party as follows:

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If to NBTB:

     NBT Bancorp Inc.
     52 South Broad Street
     Norwich, New York  13815

     Attention:     Mr. Daryl R. Forsythe
               Chairman, President and Chief Executive Officer

With a required copy to:

     NBT BANCORP INC. CORPORATE COUNSEL

If to Executive:

     Mr. Lance D. Mattingly
     187 Carronbridge Way
     Franklin, TN  37067

All such notices shall be deemed to have been given on the date delivered,
transmitted, or mailed in the manner provided above.

     8.   ASSIGNMENT.  Neither  party  may  assign  this Agreement or any rights
          -----------
or obligations hereunder without the consent of the other party.

     9.   GOVERNING  LAW.  This  Agreement  shall be governed by, construed, and
          --------------
enforced in accordance with the laws of the State of New York, without giving
effect to the principles of conflict of law thereof.  The parties hereby
designate Chenango County, New York to be the proper jurisdiction and venue for
any suit or action arising out of this Agreement.  Each of the parties consents
to personal jurisdiction in such venue for such a proceeding and agrees that it
may be served with process in any action with respect to this Agreement or the
transactions contemplated thereby by certified or registered mail, return
receipt requested, or to its registered agent for service of process in the
State of New York.  Each of the parties irrevocably and unconditionally waives
and agrees, to the fullest extent permitted by law, not to plead any objection
that it may now or hereafter have to the laying of venue or the convenience of
the forum of any action or claim with respect to this Agreement or the
transactions contemplated thereby brought in the courts aforesaid.

     10.  ENTIRE  AGREEMENT.  This  Agreement  constitutes  the  entire
          -----------------
understanding among NBTB and Executive relating to the subject matter hereof.
Any previous agreements or underings between the parties hereto or between
Executive and NBT Bank or any of its affiliates regarding the subject matter
hereof, including without limitation the terms and conditions of employment,
compensation, benefits, retirement, competition following employment, and the
like, are merged into and superseded by this Agreement.  Neither this Agreement
nor any provisions hereof can be modified, changed, discharged, or terminated
except by an instrument in writing signed by the party against whom any waiver,
change, discharge, or termination is sought.

     11.  ILLEGALITY;  SEVERABILITY.
          -------------------------

          (a)  Anything  in  this  Agreement  to  the  contrary notwithstanding,
this Agreement is not intended and shall not be construed to require any payment
to Executive which would violate any federal or state statute or regulation,
including without limitation the "golden parachute payment regulations" of the
Federal Deposit Insurance Corporation codified to Part 359 of title 12, Code of
Federal Regulations.

          (b)  If  any  provision  or provisions of this Agreement shall be held
to be invalid, illegal, or unenforceable for any reason whatsoever:

               (i)  the  validity,  legality,  and  enforceability  of  the
remaining provisions of this Agreement (including, without limitation, each
portion of any section of this Agreement containing any such provision held to
be invalid, illegal, or unenforceable) shall not in any way be affected or
impaired thereby; and

                                      II-76
<PAGE>
               (ii) to  the  fullest  extent  possible,  the  provisions of this
Agreement (including, without limitation, each portion of any section of this
Agreement containing any such provisions held to be invalid, illegal, or
unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal, or unenforceable.

     12.  ARBITRATION.  Subject  to  the  right  of  each party to seek specific
          ------------
performance (which right shall not be subject to arbitration), if a dispute
arises out of or related to this Agreement, or the breach thereof, such dispute
shall be referred to arbitration in accordance with the Commercial Arbitration
Rules of the American Arbitration Association ("AAA").  A dispute subject to the
provisions of this section will exist if either party notifies the other party
in writing that a dispute subject to arbitration exists and states, with
reasonable specificity, the issue subject to arbitration (the "Arbitration
Notice").  The parties agree that, after the issuance of the Arbitration Notice,
the parties will try in good faith to resolve the dispute by mediation in
accordance with the Commercial Rules of Arbitration of AAA between the date of
the issuance of the Arbitration Notice and the date the dispute is set for
arbitration.  If the dispute is not settled by the date set for arbitration,
then any controversy or claim arising out of this Agreement or the breach hereof
shall be resolved by binding arbitration and judgment upon any award rendered by
arbitrator(s) may be entered in a court having jurisdiction.  Any person serving
as a mediator or arbitrator must have at least ten years' experience in
resolving commercial disputes through arbitration.  In the event any claim or
dispute involves an amount in excess of $100,000, either party may request that
the matter be heard by a panel of three arbitrators; otherwise all matters
subject to arbitration shall be heard and resolved by a single arbitrator.  The
arbitrator shall have the same power to compel the attendance of witnesses and
to order the production of documents or other materials and to enforce discovery
as could be exercised by a United States District Court judge sitting in the
Northern District of New York.  In the event of any arbitration, each party
shall have a reasonable right to conduct discovery to the same extent permitted
by the Federal Rules of Civil Procedure, provided that such discovery shall be
concluded within ninety days after the date the matter is set for arbitration.
In the event of any arbitration, the arbitrator or arbitrators shall have the
power to award reasonable attorney's fees to the prevailing party.  Any
provision in this Agreement to the contrary notwithstanding, this section shall
be governed by the Federal Arbitration Act and the parties have entered into
this Agreement pursuant to such Act.

     13.  COSTS  OF  LITIGATION. In the event litigation is commenced to enforce
          --------------------
any of the provisions hereof, or to obtain declaratory relief in connection with
any of the provisions hereof, the prevailing party shall be entitled to recover
reasonable attorney's fees.  In the event this Agreement is asserted in any
litigation as a defense to any liability, claim, demand, action, cause of
action, or right asserted in such litigation, the party prevailing on the issue
of that defense shall be entitled to recovery of reasonable attorney's fees.

     14.  AFFILIATION.  A company will be deemed to be "affiliated" with NBTB or
          ------------
NBT Bank according to the definition of "Affiliate" set forth in Rule 12b-2 of
the General Rules and Regulations under the Securities Exchange Act of 1934, as
amended.

     15.  HEADINGS.  The  section  and  subsection  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.

IN WITNESS WHEREOF, the parties hereto executed or caused this Agreement to be
executed as of the day and year first above written.

                                        NBT BANCORP INC.

                                        By: /s/ Daryl R. Forsythe
                                        Daryl R. Forsythe, Chairman
                                        President and Chief Executive Officer

                                        /s/ Lance D. Mattingly
                                        Lance D. Mattingly

                                      II-77
<PAGE>Exhibit 10.31
Form of Employment Agreement between NBT Bancorp Inc. and Peter Corso made as of
                                January 1, 2002.

                                      II-78
<PAGE>
                         EMPLOYMENT AGREEMENT (REVISED)

This EMPLOYMENT AGREEMENT (this "Agreement") is made and entered into as of
October 18, 2001 and revised on January 1, 2002, by and between PETER J. CORSO
("Executive") and NBT BANCORP INC., a Delaware corporation having its principal
office in Norwich, New York ("NBTB") and NBT Bank, National Association ("NBT
Bank");

                         W I T N E S S E T H   T H A T :

     WHEREAS, the Executive is president and chief operating officer of Central
National Bank, a Division of NBT Bank ("CNB");

     WHEREAS, NBTB desires to secure the continued employment of Executive,
subject to the provisions of this Agreement;

     WHEREAS, because of Executive's abilities and his knowledge of, and
reputation in, markets where CNB conducts its business, NBTB and NBT Bank have
determined that it is essential to obtain a commitment from Executive to provide
consulting services to NBT Bank and not to compete against NBTB or any of its
affiliates or to solicit to employ certain of their officers in accordance with
the terms hereof; and

     WHEREAS, Executive is desirous of entering into the Agreement upon the
terms and conditions set forth herein;

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

     1.   Employment;  Responsibilities  and  Duties.
          ------------------------------------------

          (a)  NBT  Bank  hereby  agrees  to  employ,  and NBTB hereby agrees to
cause NBT Bank to employ, Executive as president and chief operating officer of
CNB and any successor during the Term of Employment (as hereinafter defined) and
Executive hereby agrees to serve as the president and chief operating officer of
CNB during the Term of Employment.  Executive shall report directly to the chief
executive officer of NBT Bank and indirectly to the chairman of the board of CNB
and shall have such executive duties, responsibilities, and authority as
determined by the chief executive officer of NBT Bank.

          (b)  Executive  shall  devote  his  full working time and best efforts
to the performance of his responsibilities and duties hereunder.  During the
Term of Employment, Executive shall not, without the prior written consent of
the chief executive officer of NBT Bank, render services as an employee,
independent contractor, or otherwise, whether or not compensated, to any person
or entity other than NBTB or its affiliates; provided that Executive may, where
involvement in such activities does not individually or in the aggregate
significantly interfere with the performance by Executive of his duties or
violate the provisions of sections 4, 5 and 6 hereof, (i) render services to
charitable organizations, (ii) manage his personal investments, and (iii) with
the prior permission of the chief executive officer of NBT Bank, hold such other
directorships or part-time academic appointments or have such other business
affiliations as would otherwise be prohibited under this section 1.

     2.   Term  of  Employment.
          --------------------

          (a)  The  term  of  Executive's employment under this Agreement ("Term
of Employment") shall be the period commencing on November 9, 2001 (the
"Commencement Date") and continuing until the Termination Date, which shall mean
the earliest to occur of:

               (i)  the  third  anniversary  of  the  Commencement  Date, unless
the Term of Employment shall be extended by the mutual agreement of the parties
hereto;

               (ii) the  death  of  Executive;

                                      II-79
<PAGE>
               (iii)  Executive's  inability  to  perform  his duties hereunder,
as a result of physical or mental disability as reasonably determined by the
personal physician of Executive, for a period of at least 180 consecutive days
or for at least 180 days during any period of twelve consecutive months during
the Term of Employment;

               (iv) the  discharge  of  Executive  by  NBT  Bank  "for  cause,"
which shall mean one or more of the following:

                    (A)  any  willful  or  gross  misconduct  by  Executive with
respect to the business and affairs of NBT Bank, or with respect to any of its
affiliates for which Executive is assigned material responsibilities or duties;

                    (B)  the  conviction  of  Executive  of  a felony (after the
earlier of the expiration of any applicable appeal period without perfection of
an appeal by Executive or the denial of any appeal as to which no further appeal
or review is available to Executive) whether or not committed in the course of
his employment by NBT Bank;

                    (C)  Executive's  willful  neglect,  failure,  or refusal to
carry out his duties hereunder in a reasonable manner (other than any such
failure resulting from disability or death or from termination by Executive for
Good Reason, as hereinafter defined) after a written demand for substantial
performance is delivered to Executive that specifically identifies the manner in
which NBTB believes that Executive has not substantially performed his duties
and Executive has not resumed substantial performance of his duties on a
continuous basis within thirty days of receiving such demand; or

                    (D)  the  breach  by  Executive  of  any  representation  or
warranty in section 6(a) hereof or of any agreement contained in section 1, 6,
or 7 hereof, which breach is material and adverse to NBTB or any of its
affiliates for which Executive is assigned material responsibilities or duties;

               (v)  Executive's  resignation  from  his  position  as  president
and chief operating officer of CNB for any reason; or

               (vi) the  termination  of  Executive's  employment  by  NBT  Bank
"without cause," which shall mean the termination of Executive's employment by
NBT Bank for any reason other than those set forth in subsections (i), (ii),
(iii) or (iv) of this section 2(a), upon the thirtieth day following notice to
Executive.

          (b)  In  the  event  that  the  Term of Employment shall be terminated
by reason of an event described in section 2(a)(i) - 2(a)(iv) hereof, Executive
shall be entitled to, upon the occurrence of any such event:

               (i)  receive  any  salary  (as  hereinafter  defined)  payable
pursuant to section 3(a)(i) hereof which shall have accrued as of the
Termination Date; and

               (ii) such  rights  as  Executive  shall  have  accrued  as of the
Termination Date under the terms of any plans or arrangements in which he
participates pursuant to section 3(b) hereof, any right to reimbursement for
expenses accrued as of the Termination Date payable pursuant to section 3(b)(vi)
hereof, and the right to receive the cash equivalent of paid annual leave and
sick leave accrued as of the Termination Date pursuant to section 3(b)(ii)
hereof.

          (c)  In  the  event  that  the  Term of Employment shall be terminated
by reason of an event other than an event described in section 2(a)(i) -
2(a)(iv) hereof, Executive shall be entitled to:

               (i)  receive  any  salary  payable  pursuant  to  section 3(a)(i)
hereof which shall have accrued as of the Termination Date;

               (ii) such  rights  as  Executive  may  have  accrued  as  of  the
Termination Date under the terms of any plans or arrangements in which he
participates pursuant to section 3(b) hereof, any right to reimbursement for
expenses accrued as of the Termination Date payable pursuant to section 3(b)(vi)
hereof, and the right to receive the cash equivalent of paid annual leave and
sick leave accrued as of the Termination Date pursuant to section 3(b)(ii)
hereof;

               (iii)  if  the  Termination  Date occurs during the first year of
the Term of Employment, then in consideration of Executive's past services,
Executive's agreement to provide consulting services under section 4 hereof, and
Executive's covenants under sections 5 and 6 hereof, Executive shall be entitled
to a lump-sum cash payment equal to $525,000;

                                      II-80
<PAGE>
               (iv) if  the  Termination  Date  occurs during the second year of
the Term of Employment, then in consideration of Executive's past services,
Executive's agreement to provide consulting services under section 4 hereof, and
Executive's covenants under sections 5 and 6 hereof, Executive shall be entitled
to receive a lump sum cash payment equal to the sum of (A) the undiscounted
remainder of his base annual compensation during the second year of the Term of
Employment (assuming Executive remained employed by NBT Bank for the entirety of
such second year) and (B) an undiscounted amount equal to eighteen months of
additional annual base compensation at the then current rate; and

               (v)  if  the  Termination  Date  occurs  after the second year of
the Term of Employment, then in consideration of Executive's past services and
his covenants under sections 5 and 6 hereof, Executive shall be entitled to
receive a lump sum cash payment equal to the undiscounted amount of Executive's
annual base compensation (at the rate in effect immediately prior to the
Termination Date) that would have been payable to Executive assuming Executive
remained employed by NBT Bank for the greater of (i) one year after the
Termination Date or (ii) the date after the third anniversary of the
Commencement Date, if any, agreed to by the parties hereto.

          (d)  In  the  event  that the employment of Executive with NBT Bank is
terminated in any situation described in section 3 of the change-in-control
letter agreement dated as of OCTOBER 18, 2001 between NBTB and Executive (the
"Change-in-Control Agreement") so as to entitle Executive to a severance payment
and other benefits described in section 3 of the Change-In-Control Agreement,
then notwithstanding the provisions of section 2 (c) hereof, Executive shall be
entitled to the following, and no more, under this section 2:

               (i)  any  salary  payable  pursuant  to  section  3(a)(i)  hereof
which shall have accrued as of the Termination Date;

               (ii) such  rights  as  Executive  shall  have  accrued  as of the
Termination Date under the terms of any plans or arrangements in which he
participates pursuant to section 3(b) hereof, any right to reimbursement for
expenses accrued as of the Termination Date payable pursuant to section 3(b)(vi)
hereof, and the right to receive the cash equivalent of paid annual leave and
sick leave accrued as of the Termination Date pursuant to section 3(b)(ii)
hereof; and

               (iii)  the  severance  payment  and  other  benefits  provided in
the Change-in-Control Agreement.

Notwithstanding the foregoing provisions of this section 2(d), the Executive may
at any time prior to the payment of any severance or other benefits under
section 3 of the Change-In-Control Agreement elect in writing to waive his
rights under the Change-in-Control Agreement, in which case this Agreement shall
apply to Executive without regard to the foregoing provisions of this section
2(d).  In the event that Executive becomes entitled to the severance and other
benefits under section 3 of the Change-in-Control Agreement, NBTB shall promptly
(and in all events within three business days) notify Executive in writing of
Executive's right to waive his rights under the Change-in-Control Agreement and,
unless otherwise directed by the Executive in writing, no severance payments or
other benefits under section 3 of the Change in Control Agreement shall be paid
to Executive until ten business days after the providing of written notice by
NBTB to Executive.  If Executive does not waive his rights under the
Change-in-Control Agreement and receives severance or other benefits under
section 3 of the Change-in-Control Agreement, sections 4 and 5 of this Agreement
shall cease to apply and Executive shall have no obligation thereunder.

     3.   Compensation.  For  the  services  to  be  performed  by  Executive
          ------------
for NBT Bank under this Agreement, Executive shall be compensated in the
following manner:

          (a)  Salary.  During  the  Term  of  Employment:
               ------

               (i)  NBT  Bank  shall  pay  Executive  a  salary,  which,  on  an
annual basis, shall not be less than $175,000 during the Term of Employment.
Salary shall be payable in accordance with the normal payroll practices of NBTB
with respect to executive personnel as presently in effect or as they may be
modified by NBTB from time to time.

                                      II-81
<PAGE>
               (ii) Executive  shall  be  entitled  to  minimum  annual  salary
increases of 7 percent during the Term of Employment, beginning in January of
2003, and in addition, if the term of this agreement is extended as per Section
2(a)(i), shall be eligible to be considered for further salary increases, upon
review, in accordance with the compensation policies of NBTB with respect to
executive personnel as presently in effect or as they may be modified by NBTB
from time to time.

               (iii)  Executive  shall  be  eligible  to  be  considered  for
performance bonuses commensurate with the Executive's title and salary grade, in
accordance with the compensation policies of NBTB with respect to executive
personnel as presently in effect or as they may be modified by NBTB from time to
time.

          (b)  Employee  Benefit  Plans  or  Arrangements.  During  the  Term of
               ------------------------------------------
Employment, Executive shall be entitled to participate in all employee benefit
plans of NBTB and its affiliates, as presently in effect or as they may be
modified from time to time, under such terms as may be applicable to officers of
Executive's rank employed by NBTB or its affiliates, including, without
limitation, plans providing retirement benefits, stock options, medical
insurance, life insurance, disability insurance, and accidental death or
dismemberment insurance, provided that there be no duplication of such benefits
as are provided under any other provision of this Agreement.

               (i)  Stock  Options. Each January or February annually during the
                    --------------
Term of Employment, NBTB will cause Executive to be granted a non-statutory
("non-qualified") stock option (each an "Option") to purchase the number of
shares of the common stock of NBTB, $0.01 par value (the "NBTB Common Stock"),
pursuant to the NBT Bancorp Inc. 1993 Stock Option Plan, as amended, or any
appropriate successor plan (the "Stock Option Plan"), computed by using a
formula approved by NBTB that is commensurate with the Executive's title and
salary grade. The option exercise price per share of the shares subject to each
Option shall be Fair Market Value, and the terms, conditions of exercise, and
vesting schedule of such Option shall be as set forth in section 8 of the Stock
Option Plan.

               (ii) Vacation  and  Sick  Leave.  During  the Term of Employment,
                    --------------------------
Executive shall be entitled to paid annual vacation periods and sick leave in
accordance with the policies of NBTB as in effect as of the Commencement Date or
as may be modified by NBTB from time to time as may be applicable to officers of
Executive's rank employed by NBTB or its affiliates, but in no event less than
four weeks of paid vacation each year during the Term of Employment.

               (iii)  Automobile. During the Term of Employment, Executive shall
                      ----------
be entitled  to the use of an automobile (whose value shall not exceed $40,000),
owned by NBTB or an affiliate of NBTB, the make, model and year of which
automobile shall be appropriate to an officer of Executive's rank, and which
will be replaced every three years (or earlier if the accumulated mileage
exceeds 50,000 miles) with a new automobile whose value shall not exceed the sum
of $40,000 escalated by an amount calculated by the controller's division of
NBTB to adjust for the effect of inflation upon the $40,000 (an "Inflation
Adjustment").  Executive shall be responsible for all expenses of ownership and
use of such automobile, subject to reimbursement of expenses for business use in
accordance with section 3(b)(vi).

               (iv) Country  Club Dues. During the Term of Employment, Executive
                    ------------------
shall be reimbursed for dues and assessments incurred in relation to Executive's
membership at a country club mutually agreed upon by Executive and the chief
executive officer of NBT Bank.

          (v)  Withholding.  All  compensation  to  be  paid  to  Executive
               -----------
hereunder shall be subject to required withholding and other taxes.

          (vi) Expenses.  During  the  Term  of Employment, Executive shall
               --------
be reimbursed for reasonable travel and other expenses incurred or paid by
Executive in connection with the performance of his services under this
Agreement, upon presentation of expense statements or vouchers or such other
supporting information as may from time to time be requested, in accordance with
such policies of NBTB as are in effect as of the Commencement Date and as may be
modified by NBTB from time to time, under such terms as may be applicable to
officers of Executive's rank employed by NBTB or its affiliates.

                                      II-82
<PAGE>
     4.   Consulting  Services
          -------------------

     (a) In the event that Executive's employment terminates hereunder during
the first two years of the Term of Employment and Executive becomes entitled to
a payment under either section 2(c)(iii) or 2(c)(iv) hereof, Executive shall,
during the Consulting Period (as hereinafter defined), be available to render
such consulting services to NBTB or NBT Bank as they may reasonably request of
Executive from time-to-time relating to their business and operations. The
services requested of Executive by NBTB and NBT Bank during the Consulting
Period shall be scheduled in consultation with Executive and shall be of a scope
so as to not materially interfere with Executive's engaging in full-time
employment after the Employment Term. NBTB or NBT Bank shall promptly reimburse
Executive for all expenses incurred by Executive in the performance of
Executive's consulting duties, including travel and subsistence expenses,
recognizing that Executive's home may not be in the geographic area where NBTB
and NBT Bank conduct business. Executive shall perform his duties under this
section 4(a) as an independent contractor to NBTB and NBT Bank.

     (b) For purposes of this Agreement, the term "Consulting Period" shall mean
(i) if Executive's employment terminates hereunder during the first year of the
Employment Term and Executive becomes entitled to the payment described in
section 2(c)(iii) hereof, the period beginning on the date of Executive's
termination of employment with NBT Bank and ending on the second anniversary of
such termination of employment, and (ii) if Executive's employment terminates
hereunder during the second year of the Employment Term and Executive becomes
entitled to the payment described in section 2(c)(iv) hereof, the period
beginning on the date of Executive's termination of employment with NBT Bank and
ending on the second anniversary of the Merger.

     (c) In consideration for Executive's covenants under this section 4 and
under sections 5 and 6 hereof, NBTB or NBT Bank shall, in addition to any lump
sum payment provided for by Section 2(c)(iii) and 2(c)(iv), as applicable,
provide to Executive for a three year period following the date of Executive's
termination of employment with NBT Bank, at no cost to Executive, life insurance
and health insurance (collectively, "Welfare Benefits") that are not less
favorable in all respects to those that Executive was receiving immediately
prior to the Termination Date; provided, however, that the medical coverage
provided shall be family medical coverage that also covers Executive's spouse
and any dependents. Executive will be entitled to elect to change his level of
coverage and/or his choice of coverage options with respect to the Welfare
Benefits provided by NBTB or NBT Bank to Executive to the same extent that
actively employed senior executives of NBTB and NBT Bank are permitted to make
such changes.

     5.   Covenant  Not  to  Compete.
          --------------------------

          (a)  The  parties acknowledge: (i) that as a result of the Merger, NBT
Bank and NBTB will be engaged in the business of banking in those markets where
CNB currently conducts its banking business; (ii) that Executive has developed
special expertise and a recognized reputation in CNB's markets and business; and
(iii) that if Executive were to undertake efforts in competition with NBT Bank
and NBTB in CNB's current market areas or solicit for employment officers of CNB
the result would be substantial and irreparable damage to NBT Bank and NBTB.

     (b) During the Restricted Period, Executive shall not solicit any business
(other than business in an area outside of twenty miles in which NBTB or any of
its subsidiaries is competitively engaged), customers or prospective customers
of NBTB or any of its subsidiaries whom Executive has served or solicited during
the course of his employment by CNB.

     (c) During the Restricted Period, Executive shall not, directly or
indirectly, either for Executive's own benefit or purpose or for the benefit or
purpose of any person or entity other than NBTB or any of its subsidiaries,
employ or offer to employ, call on, or actively interfere with NBTB's or any of
its subsidiaries' relationship with, or attempt to divert or entice away, any
officer of NBTB or any of its subsidiaries who was an officer of CNB or any of
its subsidiaries immediately prior to the Merger.

     (d) The term "Restricted Period shall mean (a) if there is a Consulting
Period, the period beginning on the first day of the Consulting Period and
ending on the first anniversary of the last day of the Consulting Period, and
(b) if there is no Consulting Period, the period beginning on Executive's
Termination Date and ending on the date that is six months after such
Termination Date.

                                      II-83
<PAGE>
          (e)  The  parties  hereto  agree  that  the  amount  of  the  lump-sum
payment paid to Executive pursuant to Section 2(c)(ii), (c)(iii), or (c)(iv), as
applicable, that is allocable to services or consideration provided by Executive
other than pursuant to Sections 4, 5 and 6 hereof is less than $135,000.

     6.   Confidential  Business  Information;  Non-Competition.
          -----------------------------------------------------

     (a) Executive acknowledges that certain business methods, creative
techniques, and technical data and the like of NBTB and its affiliates are
deemed by NBTB to be and are in fact confidential business information of NBTB
or its affiliates or are entrusted to third parties. Such confidential
information includes but is not limited to procedures, methods, sales
relationships developed while in the service of NBTB or its affiliates,
knowledge of customers and their requirements, marketing plans, marketing
information, studies, forecasts and surveys, competitive analyses, mailing and
marketing lists, new business proposals, lists of vendors, consultants, and
other persons who render service, or provide material to NBTB or CNB or their
affiliates, and compositions, ideas, plans, and methods belonging to or related
to the affairs of NBTB or CNB or their affiliates. In this regard, NBTB asserts
proprietary rights in all of its business information and that of its affiliates
except for such information as is clearly in the public domain. Notwithstanding
the foregoing, information that would be generally known or available to persons
skilled in Executive's fields shall be considered to be "clearly in the public
domain" for the purposes of the preceding sentence. Executive agrees that he
will not disclose or divulge to any third party, except as may be required by
his duties hereunder, by law, regulation, or order of a court or government
authority, or as directed by NBTB, nor shall he use to the detriment of NBTB or
its affiliates or use in any business or on behalf of any business competitive
with or substantially similar to any business of NBTB or CNB or their
affiliates, any confidential business information obtained during the course of
his employment by CNB or NBT Bank. The foregoing shall not be construed as
restricting Executive from disclosing such information to the employees of NBTB
or CNB or their affiliates. On or before the Termination Date, Executive shall
promptly deliver to NBTB any and all tangible, confidential information in his
possession.

     (b) Executive acknowledges and agrees that irreparable injury will result
to NBTB and its affiliates in the event of a breach of any of the provisions of
section 5 hereof or this section 6 (the "Designated Provisions") and that NBTB
will have no adequate remedy at law with respect thereto. Accordingly, in the
event of a material breach of any Designated Provision, and in addition to any
other legal or equitable remedy NBTB may have, NBTB shall be entitled to the
entry of a preliminary and permanent injunction (including, without limitation,
specific performance) by a court of competent jurisdiction in Chenango County,
New York, to restrain the violation or breach thereof by Executive, and
Executive submits to the jurisdiction of such court in any such action.

     (c) It is the desire and intent of the parties that the provisions of
section 5 hereof and this section 6 shall be enforced to the fullest extent
permissible under the laws and public policies applied in each jurisdiction in
which enforcement is sought. Accordingly, if any particular provision of section
5 hereof or this section 6 shall be adjudicated to be invalid or unenforceable,
such provision shall be deemed amended to delete therefrom the portion thus
adjudicated to be invalid or unenforceable, such deletion to apply only with
respect to the operation of such provision in the particular jurisdiction in
which such adjudication is made. In addition, should any court determine that
the provisions of section 5 hereof or this section 6 shall be unenforceable with
respect to scope, duration, or geographic area, such court shall be empowered to
substitute, to the extent enforceable, provisions similar hereto or other
provisions so as to provide to NBTB, to the fullest extent permitted by
applicable law, the benefits intended by section 5 hereof and this section 6.

     7.   Life  Insurance.  In  light of the unusual abilities and experience of
          ---------------
Executive, NBTB or NBT Bank in their discretion may apply for and procure as
owner and for its own benefit insurance on the life of Executive, in such amount
and in such form as NBTB or NBT Bank may choose.  NBTB or NBT Bank, as
applicable, shall make all payments for such insurance and shall receive all
benefits from it.  Executive shall have no interest whatsoever in any such
policy or policies but, at the request of NBTB or NBT Bank, as applicable, shall
submit to medical examinations and supply such information and execute such
documents as may reasonably be required by the insurance company or companies to
which NBTB or NBT Bank, as applicable, has applied for insurance.

                                      II-84
<PAGE>
     8.   Representations  and  Warranties.
          --------------------------------

          (a)  Executive  represents  and  warrants  to NBTB that his execution,
delivery, and performance of the Agreement will not result in or constitute a
breach of any term, covenant, condition, or provision of any commitment,
contract, or other agreement or instrument, including, without limitation, any
other employment agreement, to which Executive is or has been a party.

     (b) Executive shall indemnify, defend, and hold harmless NBTB for, from,
and against any and all losses, claims, suits, damages, expenses, or
liabilities, including court costs and counsel fees, which NBTB has incurred or
to which NBTB may become subject insofar as such losses, claims, suits, damages,
expenses, liabilities, costs, or fees arise out of or are based upon any failure
of any representation or warranty of Executive in section 7(a) hereof to be true
and correct when made.

     9.   Notices.  All  notices,  consents,  waivers,  or  other communications
          -------
which are required or permitted hereunder shall be in writing and deemed to have
been duly given if delivered personally or by messenger, transmitted by telex or
telegram, by express courier, or sent by registered or certified mail, return
receipt requested, postage prepaid.  All communications shall be addressed to
the appropriate address of each party as follows:

If to NBTB or NBT Bank:

     NBT Bancorp Inc.
     52 South Broad Street
     Norwich, New York  13815

     Attention:     Mr. Daryl R. Forsythe
                    Chairman, President and
                    Chief Executive Officer

With a required copy, in the case of a notice to NBT Bancorp Inc. or NBT Bank,
to:

     NBT Bancorp Inc. Corporate Counsel

If to Executive:

     Mr. Peter J. Corso
     11 Kingsbury Ave.
     St. Johnsville, NY  13452

All such notices shall be deemed to have been given on the date delivered,
transmitted, or mailed in the manner provided above.

     10.  Assignment.  Neither  party  may  assign  this Agreement or any rights
          ----------
or obligations hereunder without the consent of the other party.

     11.  Governing  Law.  This  Agreement  shall be governed by, construed, and
          --------------
enforced in accordance with the laws of the State of New York, without giving
effect to the principles of conflict of law thereof.  The parties hereby
designate Chenango County, New York to be the proper jurisdiction and venue for
any suit or action arising out of this Agreement.  Each of the parties consents
to personal jurisdiction in such venue for such a proceeding and agrees that it
may be served with process in any action with respect to this Agreement or the
transactions contemplated thereby by certified or registered mail, return
receipt requested, or to its registered agent for service of process in the
State of New York.  Each of the parties irrevocably and unconditionally waives
and agrees, to the fullest extent permitted by law, not to plead any objection
that it may now or hereafter have to the laying of venue or the convenience of
the forum of any action or claim with respect to this Agreement or the
transactions contemplated thereby brought in the courts aforesaid.

     12.  Entire  Agreement.  This  Agreement  constitutes  the  entire
          -----------------
understanding among NBTB, NBT Bank and Executive relating to the subject matter
hereof.  Any previous agreements or understandings between the parties hereto or
between Executive and CNB or any of its affiliates regarding the subject matter
hereof, including without limitation the terms and conditions of employment,
compensation, benefits, retirement, competition following employment, and the
like, are merged into and superseded by this Agreement.  Neither this Agreement
nor any provisions hereof can be modified, changed, discharged, or terminated
except by an instrument in writing signed by the party against whom any waiver,
change, discharge, or termination is sought.

                                      II-85
<PAGE>
     13.  Illegality;  Severability.
          -------------------------

          (a)  Anything  in  this  Agreement  to  the  contrary notwithstanding,
this Agreement is not intended and shall not be construed to require any payment
to Executive which would violate any federal or state statute or regulation,
including without limitation the "golden parachute payment regulations" of the
Federal Deposit Insurance Corporation codified to Part 359 of title 12, Code of
Federal Regulations.

          (b)  If  any  provision  or provisions of this Agreement shall be held
to be invalid, illegal, or unenforceable for any reason whatsoever:

               (i)  the  validity,  legality,  and  enforceability  of  the
remaining provisions of this Agreement (including, without limitation, each
portion of any section of this Agreement containing any such provision held to
be invalid, illegal, or unenforceable) shall not in any way be affected or
impaired thereby; and

               (ii) to  the  fullest  extent  possible,  the  provisions of this
Agreement (including, without limitation, each portion of any section of this
Agreement containing any such provisions held to be invalid, illegal, or
unenforceable) shall be construed so as to give effect to the intent manifested
by the provision held invalid, illegal, or unenforceable.

     14.  Arbitration.  Subject  to  the  right  of  each  party  hereto to seek
          -----------
specific performance (which right shall not be subject to arbitration), if a
dispute arises out of or related to this Agreement, or the breach thereof, such
dispute shall be referred to arbitration in accordance with the Commercial
Arbitration Rules of the American Arbitration Association ("AAA").  A dispute
subject to the provisions of this section will exist if either party notifies
the other party in writing that a dispute subject to arbitration exists and
states, with reasonable specificity, the issue subject to arbitration (the
"Arbitration Notice").  The parties agree that, after the issuance of the
Arbitration Notice, the parties will try in good faith to resolve the dispute by
mediation in accordance with the Commercial Rules of Arbitration of AAA between
the date of the issuance of the Arbitration Notice and the date the dispute is
set for arbitration.  If the dispute is not settled by the date set for
arbitration, then any controversy or claim arising out of this Agreement or the
breach hereof shall be resolved by binding arbitration and judgment upon any
award rendered by arbitrator(s) may be entered in a court having jurisdiction.
Any person serving as a mediator or arbitrator must have at least ten years'
experience in resolving commercial disputes through arbitration.  In the event
any claim or dispute involves an amount in excess of $100,000, either party may
request that the matter be heard by a panel of three arbitrators; otherwise all
matters subject to arbitration shall be heard and resolved by a single
arbitrator.  The arbitrator shall have the same power to compel the attendance
of witnesses and to order the production of documents or other materials and to
enforce discovery as could be exercised by a United States District Court judge
sitting in the Northern District of New York.  In the event of any arbitration,
each party shall have a reasonable right to conduct discovery to the same extent
permitted by the Federal Rules of Civil Procedure, provided that such discovery
shall be concluded within ninety days after the date the matter is set for
arbitration.  In the event of any arbitration, the arbitrator or arbitrators
shall have the power to award reasonable attorney's fees to the prevailing
party.  Any provision in this Agreement to the contrary notwithstanding, this
section shall be governed by the Federal Arbitration Act and the parties have
entered into this Agreement pursuant to such Act.

     15.  Certain  Expenses.  NBTB  shall  pay  to  Executive all legal fees and
          -----------------
expenses (but not taxes, penalties or interest on taxes or penalties) incurred
by Executive (a) in seeking to obtain or enforce any provision of this Agreement
or (b) in connection with any tax audit or proceeding to the extent attributable
to the application of section 4999 of the Code to any payment or benefit
provided hereunder or under other plans and programs of CNB, NBTB or any of
their affiliates.  Such payments shall be made within five (5) business days
after delivery of Executive's written requests for payment accompanied with such
evidence of fees and expenses incurred as NBTB reasonably may require.

                                      II-86
<PAGE>
     16.  Consent  to  Retirement  Annuity  Contribution.  NBTB hereby consents,
          ----------------------------------------------
for purposes of the Merger Agreement, to CNB taking all necessary and
appropriate actions prior to the Merger to (i) cause an aggregate of $25,000 to
be contributed to one or both of the annuity contracts (as specified by
Executive) held under the Supplemental Retirement Annuity Agreement (the "SRAA")
between Executive and CNB, dated May 15, 2000, (ii) cause the transfer of such
annuity contracts to a "rabbi trust," the terms of which shall provide for the
payment of benefits to Executive and his beneficiaries in accordance with the
terms of the SRAA, and (iii) amend the SRAA as necessary or appropriate to
reflect such actions.

     17.  Affiliation.  A  company  will  be deemed to be "affiliated" with NBTB
          -----------
or CNB according to the definition of "Affiliate" set forth in Rule 12b-2 of the
General Rules and Regulations under the Securities Exchange Act of 1934, as
amended.

     18.  Headings.  The  section  and  subsection  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.  Termination.  This  Agreement  shall  terminate  in the event that the
          -----------
Merger Agreement terminates in accordance with Section 12 thereof.

     IN WITNESS WHEREOF, the parties hereto executed or caused this Agreement to
be executed as of the day and year first above written.

                                      NBT BANCORP INC.

                                      By:
                                           --------------------
                                           Daryl R. Forsythe
                                           Chairman, President and
                                           Chief Executive Officer

                                      NBT BANK, NATIONAL ASSOCIATION

                                      By:  /s/ Daryl R. Forsythe
                                           --------------------------
                                           Daryl R. Forsythe
                                           Chairman and Chief Executive Officer

                                      PETER J. CORSO

                                           /s/ Peter J. Corso
                                           ------------------

                                      II-87
<PAGE>

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