Document:

EX-10.1

 Exhibit 10.1 

INDEPENDENT CONSULTANT AGREEMENT 

This Independent Consultant Agreement (“Consultant Agreement”), made as of this 30th
day of September, 2020 by and between Riverview Financial Corporation, 3901 North Front Street, Harrisburg, PA 17110 (the “Corporation”), and Steven A. Ehrlich (the “Consultant”) (collectively, the Corporation and
Consultant shall be referred to as the “Parties”). 
 BACKGROUND 

Riverview Bank is the wholly owned subsidiary of Riverview Financial Corporation. Consultant has served in executive and strategic roles with
the Corporation and Riverview Bank (the “Bank”) prior to his resignation from full-time employment on September 30, 2020, and he possesses a significant amount of specialized institutional and industry expertise. Corporation desires
to utilize Consultant’s specialized expertise and industry knowledge in a consulting capacity to provide strategic business advice to the Corporation and to engage Consultant on specialized projects on an as needed basis. 

NOW, THEREFORE, in consideration of the mutual agreements and undertakings hereinafter set forth and intending to be legally bound hereby, the
Parties agree as follows: 
 1. Scope of Services. During the term of this Consultant Agreement, Consultant shall provide consultation
and strategic business advice to Corporation and the Bank. Such services shall include, among other things, providing consultation to the Corporation’s and the Bank’s officers and employees, and advice on and in areas that include, but are
not limited to, real estate divesture/consolidation projects; general corporate and investment banking matters; efficiency projects; loan workouts; and human resources matters. Consultant’s services may include research and review of strategic
trends and issues facing the Corporation, the Bank and the industry; preparing reports and recommendations; and participating in calls, presentations, and meetings, as necessary (hereinafter “the Services”). Consultant agrees to perform
such Services and other related Services reasonably assigned to him by Corporation or the Bank from time to time. Consultant agrees to devote his best efforts, skill and attention to the performance of such Services. 

2. Compensation. 
 a. As
compensation for his services, Corporation agrees to pay Consultant a monthly consulting fee in the amount of Three Thousand, Two Hundred Dollars ($3,200.00) per month, unless otherwise mutually agreed to by Consultant and Corporation. In addition,
Corporation agrees to pay Consultant a monthly retainer in the amount of Two Thousand, Five Hundred Dollars ($2,500.00) for up to twenty (20) hours of Services per month. In the event that Consultant’s Services exceed 20 hours per month,
Corporation agrees to pay Consultant $120 per hour for each hour beyond 20 hours per month. Invoices will be rendered monthly based on documentation of the hours worked by Consultant. Payments will be due within fifteen (15) days following the
date of invoice. 

 b. Corporation agrees to reimburse Consultant for reasonable business expenses incurred in
the course of his provision of Services to Corporation. Consultant shall submit a statement of such reasonable expenses with Consultant’s monthly invoice. Consultant agrees to maintain complete and accurate records to substantiate all expenses
and charges to Corporation. Corporation shall pay Consultant’s fee and reimbursable and reasonable expenses on a monthly basis within fifteen (15) calendar days of receipt of Consultant’s monthly statement therefore. 

3. Workmanship. Consultant shall perform the Services in a workmanlike manner following practices generally accepted in the industry.

 4. Timely Provision of Services. Consultant agrees to timely perform the Services according to schedules mutually agreed to by
Consultant and Corporation from time to time. Consultant is free to determine the office location from which Consultant will provide services. Corporation will provide Consultant with the necessary general instructions for the Services. Consultant
shall provide all expertise and labor necessary for performance of the Services. 
 5. Independent Consultant. In providing the
Services under this Consultant Agreement, Consultant is an independent consultant of Corporation and is not an employee, agent, servant, joint venturer, partner or affiliate of or with Corporation or the Bank, and neither Corporation nor the Bank
shall have the right to exercise control or direction over the manner in which the Services are performed. Consultant acknowledges that no federal, state or local taxes will be withheld from the compensation paid to Consultant under this Consultant
Agreement, nor will Consultant accrue any employee benefits, including but not limited to vacation, retirement, pension, social security, workers’ compensation, unemployment compensation or other insurance generally afforded Corporation’s
employees, except as set forth under this Consultant Agreement. Consultant shall conduct all business in full compliance with all laws, codes, and regulations, including but not limited to, compliance with all banking regulations, Internal Revenue
Service regulations concerning all tax laws applicable to the operation of the business such as payment of all self-employment taxes, compliance with all employment tax requirement for withholding on any employees used by Consultant, and compliance
with state employment and workers’ compensation laws. 
 6. Insurance and Indemnification. Prior to the performance of any
services under this Consultant Agreement, Consultant shall provide to Corporation a certificate of insurance. Such certificate of insurance must include proof of a valid insurance policy for General Liability and Automobile Liability. Consultant
shall provide written confirmation of exemption from Workers’ Compensation Insurance in the format attached hereto as Exhibit A and signed by Consultant. To the fullest extent permitted by law, Consultant also agrees to defend, indemnify and
hold harmless Corporation and the Bank and their elected and appointed officials, officers, employees, representatives, agents, attorneys, insurers, successors and assigns from all claims, losses, liability or expenses, including attorneys fees and
costs, arising out of or relating to the performance of Consultant’s services hereunder. 
 7. Non-Exclusive Relationship. The
Parties acknowledge that Corporation does not agree to use Consultant exclusively. It is further understood that Consultant is free to contract for services to be performed for others while under agreement with Corporation, provided such services do
not involve the solicitation, directly or indirectly, of customers or clients of the Corporation for products or services that are in competition with those of Corporation, or the disclosure of confidential Corporation information, and further
provided that the services do not compete with, involve, interfere with, or conflict with any transactions for which Consultant is providing Services for Corporation. 

  
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 8. Term. The term of this Consultant Agreement shall be for a six (6) month
period, if not earlier terminated in accordance with the termination provisions below (the “Term”). This Consultant Agreement may be renewed for successive six- month periods upon the written
agreement of the Parties. 
 9. Termination. 

a. Without Cause. Either party may terminate this Consultant Agreement, without cause, upon fifteen (15) calendar days written
notification to the other party. During this fifteen (15) day notice period, Corporation shall be under no obligation to utilize Consultant’s Services for any reason. During this fifteen (15) day notice period, Consultant shall
continue in good faith to provide the Services to Corporation as needed by Corporation. If this Consultant Agreement is terminated by mutual agreement of the Parties in writing, or by the Corporation without Cause, before the end of the Term of the
Consultant Agreement, Consultant shall be paid the remaining monthly consulting fee and retainer stated in Paragraph 2 of this Consultant Agreement between the date of termination of the Consultant Agreement and the end of the six- month Term. 
 b. For Cause. If this Consultant Agreement is terminated by Corporation for
Cause, Consultant shall be paid only the compensation provided in Paragraph 2 up to the date of termination, on a pro-rata basis. For purposes of this Consultant Agreement, Cause shall mean: 

(1) Consultant’s conviction of, or plea of guilty or nolo contendere to, a felony, a crime of falsehood or a crime involving moral
turpitude, or the actual incarceration of Consultant; 
 (2) the Consultant’s fraud, misappropriation, theft or abuse of the Corporation
or the Bank’s property or funds or the property of customers, employees, contractors, vendors or business associates of the Corporation or the Bank; 

(3) Material breach of the obligations of Consultant to Corporation under this Consultant Agreement, including but not limited to a breach of
his obligations with respect to non-solicitation, confidentiality and Confidential Information; 

(4) Dishonesty or gross negligence of the Consultant in the performance of his Services; or 

(5) Any breach by Consultant of his obligations under the Confidential Separation Agreement and General Release between Consultant and the
Corporation and/or the Bank. 
 c. Consultant acknowledges that his ongoing obligations under the Confidential Separation Agreement and
General Release between Consultant and the Corporation and/or the Bank survive the commencement and termination of this Consultant Agreement for any reason and are incorporated herein by reference. 

  
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 10. Non-Solicitation. At no time during this
Consultant Agreement, and for a period of six (6) months following the termination of this Consultant Agreement for any reason, shall Consultant solicit any employees of Corporation or the Bank, directly or indirectly, for employment
opportunities or for future employment with Consultant. During the term of this Consultant Agreement, Consultant shall not employ any persons employed by or engaged by Corporation or the Bank without the prior written approval of Corporation and the
Bank. In addition, for a period of six (6) months following the termination of this Consultant Agreement for any reason, Consultant shall not, directly or indirectly, solicit persons or entities who were customers or referral sources of the
Corporation or the Bank within the six (6) months prior to the termination of this Consultant Agreement, to become a customer or referral source of Consultant or of a person or entity that competes with the Corporation or the Bank. 

11. Confidential Information. From time to time, Corporation and/or the Bank may provide confidential business and technical
information to Consultant in connection with the Services (“Confidential Information”). Consultant agrees that he shall hold and maintain in confidence all Confidential Information and he shall not at any time during the term of this
Consultant Agreement or thereafter disclose to any person or entity any trade secrets or Confidential Information learned or obtained by him while engaged by Corporation, including, but not limited to, information disclosed to Consultant or known by
him as a consequence of or through his contract with Corporation and not generally known in the public and which in any way relates to Corporation’s or to the Bank’s software, including but not limited to algorithms, interfaces, data
structures or software, whether in source or object form; and the Corporation’s and the Bank’s products, processes, services, inventions (whether or not such inventions are patentable), formulas, techniques or know how, including, but not
limited to, books of business, customer and client lists, customer and client contact information, customer and client preference information, referral lists and contact information; and information relating to research, development, purchasing,
accounting, marketing, business development, merchandising and selling, financial records, sales records and data, historical volumes, and competitive sales and marketing outreach strategies, and trade secrets as defined by Pennsylvania law. Upon
termination of this Consultant Agreement, Consultant shall return all property of Corporation and the Bank obtained by Consultant during this Consultant Agreement and he shall not maintain any photocopies or other reproductions, including
electronic, of his own. 
 12. Equitable Relief. Consultant acknowledges and agrees that in the event that the he breaches any of the
covenants in this Consultant Agreement, Corporation and the Bank will suffer immediate and irreparable harm and injury for which Corporation and the will have no adequate remedy at law. Accordingly, Corporation and the Bank shall be absolutely
entitled to obtain equitable relief, including without limitation temporary restraining orders, preliminary injunctions, permanent injunctions, and specific performance. The foregoing remedies and relief shall be cumulative and in addition to any
other remedies available to Corporation and the Bank at law or under any other agreement between the Parties. In the event of Consultant’s breach or threatened breach of any of the terms or covenants of this Consultant Agreement, Corporation
has the right to immediately cease and discontinue the payment of any and all compensation set forth in Paragraph 2 of this Consultant Agreement. 

  
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 13. Attorneys’ Fees and Expenses. In addition to the other remedies to which
Consultant, Corporation and the Bank may be entitled, the prevailing Party shall pay to the non-prevailing Party the amount of any attorneys’ fees and any other expenses incurred by the prevailing Party incident to its maintenance of any
successful action to enforce its rights under this Consultant Agreement. 
 14. Tolling of Period. In the event that Consultant shall
breach any of the covenants in this Consultant Agreement, then the six-month period specified in Paragraph 10 of this Consultant Agreement shall be tolled during the period of such breach and shall only resume
after all such breaches by the Consultant have ceased. 
 15. Ownership of Intellectual Property in Connection with the Services. The
intellectual property developed pursuant to this Consultant Agreement and all corresponding copyrights, trade secret rights, and patent rights, shall be the sole and exclusive property of Corporation. Consultant hereby assigns to Corporation all
right, title, and interest in and to all right to the intellectual property, without additional consideration, and agrees to assist Corporation to register and enforce, in Corporation’s name, all patents, copyrights, and other rights and
protection relating to the Services. Consultant agrees to execute and deliver all additional documents reasonably requested by Corporation in order to vest, perfect, register, and/or enforce any such rights in Corporation. 

16. Severability. The covenants in this Consultant Agreement are severable and if any covenant or portion thereof is held to be invalid
or unenforceable for any reason, such covenant or portion thereof shall be modified or adjusted to the extent necessary to cure the invalidity or unenforceability, and all other covenants or provisions shall remain valid and enforceable. 

17. Entire Agreement. This Consultant Agreement, and any exhibits hereto, expresses the entire agreement between the Parties regarding
the Services to be performed hereunder, and supersedes all prior agreements, understandings, and negotiations involving the Parties regarding the Services, whether written or oral, consistent or inconsistent, or otherwise, with the exception of
Consultant’s ongoing obligations under the Confidential Separation Agreement and General Release between Consultant and the Corporation and/or the Bank, which continue in force and survive the commencement of and the termination of this
Consultant Agreement for any reason. This Consultant Agreement may not be amended, modified, waived, terminated or clarified except by written agreement signed by both Parties. 

18. Waiver of Breach. No waiver by either party of any condition or of the breach by the other of any term or covenant contained in
this Consultant Agreement, whether by conduct or otherwise, in any one or more instances shall be deemed or construed as a further or continuing waiver of any such condition or breach or a waiver of any other condition, or of the breach of any other
term or covenant set forth in this Consultant Agreement. The failure of either party to exercise any right hereunder shall not bar the later exercise thereof. 

  
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 19. Benefits and Assignment. The Parties intend that Corporation and the Bank, and
their successors and all of their present and future subsidiaries and affiliates, shall be third party beneficiaries of and may enforce this Consultant Agreement. The rights and obligations of Parties under this Consultant Agreement shall inure to
the benefit of the Parties and shall be binding upon Corporation, the Bank, and their successors and assigns. Corporation and the Bank may not assign their rights and obligations hereunder except to another entity that succeeds to the business of
Corporation or the Bank. Consultant may not assign his rights and obligations hereunder. 
 20. Choice of Law. This Consultant
Agreement shall be governed by and be interpreted in accordance with the laws of the Commonwealth of Pennsylvania. 
 21. Paragraphs.
The Article and section headings contained in this Consultant Agreement are for convenience of reference only and shall not affect the meaning or interpretation of this Consultant Agreement. This Consultant Agreement shall not be construed against
the party responsible for any language in this Consultant Agreement. 
 IN WITNESS WHEREOF, the Parties have executed this Consultant
Agreement as of the date first above written. 
  

			
	 RIVERVIEW FINANCIAL CORPORATION

		
	 By:
	 	 

  

	
	 CONSULTANT:

		
	 By:
	 	 

  

  
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 EXHIBIT A 

CERTIFICATION OF WORKERS’ COMPENSATION EXCLUSION 

I hereby acknowledge that I am self-employed and/or am in a legal partnership with respect to the Services to be provided under this Agreement, and
therefore workers’ compensation coverage is not applicable. I understand that if I would hire one or more employees to provide Services under this Agreement, I would then be responsible to provide a current workers’ compensation
certificate of insurance to Corporation prior to the performance of any services to Corporation. 
  

			
	Date:	 	9/30/2020
		
	Signature:EX-10.2

 Exhibit 10.2 

CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE 

(INCLUDING WAIVER OF CLAIMS UNDER THE AGE 

DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED) 

This Confidential Separation Agreement and General Release (“Release Agreement”) is entered into on the first date set forth
below by and among Steven A. Ehrlich (hereinafter referred to as “Employee”), Riverview Financial Corporation (“Corporation”) and Riverview Bank (hereinafter referred to as the “Bank”, and Employee,
Corporation and Bank collectively referred to as the “Parties”). 
 BACKGROUND 

Employee’s at-will employment with the Bank will end effective September 30, 2020 (the
“Separation Date”) due to Employee’s resignation. The Bank will provide Employee with benefits to which Employee would not otherwise be entitled. In exchange, Employee has agreed to a release of all claims that he may have
against the Corporation, the Bank, and all Releases as defined in Paragraph 3(a) below, up to the date Employee signs this Release Agreement. 

NOW THEREFORE, in consideration of the mutual promises contained herein, and the releases, warranties, and representations of Employee, the
Parties, intending to be legally bound, AGREE as follows: 
 1. Payments and Benefits. 

a. Continuation of Group Health Insurance. Provided Employee signs and does not revoke this Release Agreement, the Bank agrees to
continue Employee on its group health insurance plan for a period of six (6) months following his resignation, on the same terms and conditions, premiums and deductibles as set forth in the Bank’s group health insurance plans and policies
then in effect. This six months of continued health insurance coverage shall not count against Employee’s period of COBRA eligibility. After this six-month coverage period ends, Employee will be eligible
to continue on the Bank’s group health insurance plans under COBRA, and he shall be responsible for all payments of health insurance premiums costs. In addition, should Employee become eligible for health insurance benefits under another health
insurance plan(s) during the six month period, Employee’s health insurance benefits with the Bank shall cease. Employee shall promptly inform the Bank of his eligibility for alternative coverage. 

b. Payment for Accrued Unused Paid Time Off. The Bank agrees to pay Employee $39,725, which represents 58 days of unused and accrued PTO
time through the Separation Date. 
 2. Adequate Consideration. Employee agrees that (i) the consideration and payments made to
him by the Bank pursuant to this Release Agreement represent the sole and exclusive payments and undertakings to be provided to Employee, (ii) said payments include any and all outstanding and accrued compensation, wages, and benefits that may
be due and owing Employee, (iii) that neither the Bank nor the Corporation have any further obligation to provide Employee with any compensation of any sort, or any non-monetary or monetary benefits in
addition to that which is set forth in Paragraph 1, above, and (iv) the aforementioned payment and other benefits are in excess of what Employee otherwise would have been entitled to and constitute good and sufficient consideration for this
Release Agreement. Through his signature below, Employee acknowledges that he has received all compensation and wages owed to him under the Fair Labor Standards Act, the Pennsylvania Minimum Wage Law, and the Pennsylvania Wage Payment &
Collection Law. 

  
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 3. Release and Waiver. 

a. For and in consideration of the Bank’s and the Corporation’s promise to cause the payments and benefits to be made as set forth in
Paragraph 1, above, Employee does hereby REMISE, RELEASE, AND FOREVER DISCHARGE Riverview Financial Corporation, Riverview Bank, and their respective parent corporations, subsidiaries and affiliates, and all of the foregoing’s respective
directors, officers, shareholders, current or former employees, representatives, agents, attorneys, insurers, successors and assigns (“Releasees”) of and from any and all manner of actions and causes of action, suits, debts,
liabilities, losses, damages, claims and demands whatsoever (which are otherwise subject to waiver) that Employee had, has or may have against any of the Releasees, whether sounding in contract, any form of tort or otherwise, whether at law or in
equity, whether known or unknown, from prior to the commencement of Employee’s employment with any of the Releasees to the date of this Release Agreement. The releases herein include, but are not limited to, any waivable claims that were
asserted or could have been asserted up to the date of this Release Agreement or that could be asserted in the future under any federal, state, or local laws, regulations, orders, or ordinances including but not limited to: 

 

	 	•	 	 Title VII of the Civil Rights Act of 1964, as amended; 

 

	 	•	 	 the Civil Rights Act of 1866 and 1871; 

 

	 	•	 	 Executive Order 11246; 

 

	 	•	 	 the Rehabilitation Act of 1973; 

 

	 	•	 	 the Americans with Disabilities Act of 1990 (ADA); 

 

	 	•	 	 the Employee Retirement Income Security Act (ERISA) (except as to claims for vested benefits);

  

	 	•	 	 any state or local laws similar to the above including but not limited to the Pennsylvania Human Relations Act;

  

	 	•	 	 any unjust or wrongful termination theory; 

 

	 	•	 	 any claim for breach of contract, fraud or material misrepresentation; 

 

	 	•	 	 any negligent retention, hiring, or supervision theory; or any right or claim based on an alleged privacy
violation, any claims for defamation or slander, other employment tort or common law claims now or hereafter recognized and any derivative claim Employee may have arising thereunder, and all claims for counsel fees and costs. Employee specifically
acknowledges that he is releasing all Releasees from any claims for attorneys’ fees and costs. 

 b. Employee further
agrees To WAIVE ALL RIGHTS AND CLAIMS he has ever had, or now has, under THE AGE DISCRIMINATION IN EMPLOYMENT ACT OF 1967, AS AMENDED (“ADEA”), against Releasees arising from or related to his employment with the Bank or the Corporation,
or separation from employment. Employee has been advised to consult with an attorney before signing this Release Agreement waiving his rights under the ADEA. Employee has had the opportunity to review this Release Agreement for 21 days prior to
signing it. Employee may revoke the Release Agreement within seven days after he signs the Release Agreement. If Employee revokes the Release Agreement, the Bank shall have the option of voiding the entire Release Agreement. In such event, Employee
will not receive the benefits described in Paragraph 1 above. 

  
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 c. Notwithstanding the releases and waivers above, nothing in this Release Agreement shall
prohibit Employee from filing an administrative charge or complaint with, or participating in any investigation or proceeding conducted by, the United States Equal Employment Opportunity Commission (“EEOC”) or a comparable state or local
agency. Employee agrees to and waives his right to recover monetary damages, reinstatement of employment, or any other relief sought against Releasees in any discrimination, retaliation or other charge, complaint, or lawsuit filed by Employee or by
anyone else on Employee’s behalf with the EEOC or comparable state or local agency. Furthermore, nothing in this Release Agreement shall prohibit or restrict Employee from initiating communications directly with, or responding to any inquiry
from, or providing testimony before, any other self-regulatory organization or any other state or federal regulatory authority. 
 4.
Ongoing Obligations. 
 a. Return of Property. Employee certifies that he has returned all property and confidential
information of the Bank to the Bank without retaining any copies, either in tangible or intangible form as of the Separation Date. This certification includes the fact that he has purged all Bank and Corporation files and information from his home
computer or laptop, tablet, cell phone, and all personal electronic devices and returned all photocopies of materials that relate to the Releasees or their business. 

b. Confidentiality. Employee promises to keep the existence and terms of this Release Agreement confidential. Employee will not disclose
the existence or terms of this Release Agreement to any of the Bank’s or Corporation’s employees or any third party, subject to the following exceptions: 
  

	 	(1)	 Employee may disclose the Release Agreement’s existence and terms to his spouse, attorney, or
accountant/tax preparer, if such individuals agree in advance to keep such matters confidential. Additionally, if any of these individuals violate this term, that would be considered a breach of the Release Agreement, and Employee would be deemed
responsible for that breach. 

  

	 	(2)	 Employee may disclose the Release Agreement’s existence and terms if he is legally required to do so. In
that situation, however, Employee will try to notify the Bank or Corporation before disclosing the Release Agreement, but only if providing such notice is legally permitted. 

 

	 	(3)	 Employee may disclose the Release Agreement’s existence and terms to the Pennsylvania Department of
Labor & Industry should he decide to pursue an unemployment compensation claim. 

  
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	 	(4)	 Any of the Parties may disclose the Release Agreement’s existence and terms to the SEC and/or any other
self-regulatory organization or any other state or federal regulatory authority if required to do so. 

 c. Non-Disclosure. Employee agrees that he shall not at any time divulge or disclose to any third party the Confidential Information or trade secrets of the Bank or Corporation. Confidential Information means
information disclosed to Employee or known by Employee or created by Employee as a result of his employment with the Bank and not generally known in the public, including, but not limited to, current or prospective customer, supplier, or vendor
information, preferences and lists, customer personal identifying information, pricing information, marketing, business development, and strategic planning information, non-public financial information, and
trade secrets as that term is defined under Pennsylvania law and the federal Defend Trade Secrets Act. Notwithstanding the foregoing non-disclosure obligations, and any
non-disclosure obligations set forth in the provisions of any other agreement between Employee and Bank, pursuant to 18 U.S.C. Section 1833(b), Employee shall not be held criminally or civilly liable under any
federal or state trade secret law for the disclosure of a trade secret that is made: (i) in confidence to a federal, state or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting
or investigating a suspected violation of law; or (ii) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. 

d. Access to Company Files, Records, and Electronically Stored Information. Through his signature below, Employee represents that he has
returned to the Bank and Corporation all company files, records, and electronically stored information previously in his possession. Employee further acknowledges that as of the Separation Date, he is no longer permitted to access any of the
Bank’s or Corporation’s files, records, or electronically stored information, without the Bank’s or the Corporation’s advance permission. 

e. Non-disparagement. Employee agrees that he will not disparage, or encourage others to
disparage, the Bank, the Corporation, or any Releasee, or their respective directors, officers, current or former employees, and agents, either orally or in writing in any communications of whatever nature to any third party, nor instigate, assist,
or participate in the making or publication of any statement that could libel, slander, defame, or disparage them or present them in a false light. 

f. Remedies for Breach. Employee acknowledges that any breach by Employee of the obligations in Paragraph 4 of this Release Agreement
would substantially and materially impair and irreparably harm the Bank’s and the Corporation’s business and goodwill, and that monetary damages would be difficult, if not impossible, to ascertain. Employee agrees that in the event of any
breach or threatened breach by Employee of this Paragraph 4, such impairment or harm is incapable of being compensated in solely monetary terms and the Bank and Corporation shall have the right to an injunction or other equitable relief, in any
court of competent jurisdiction. Further, in the event that the Bank or Corporation successfully seeks to obtain compliance therewith or damages, Employee will be responsible for the reasonable costs incurred thereby by the Bank or Corporation,
including reasonable attorneys’ fees. If Employee breaches this Agreement, Bank and Corporation may withhold any portion of the benefits that remain unpaid at the time of breach. Such withholding will not affect the Bank’s and
Corporation’s right to obtain any other remedy under this Release Agreement. 

  
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 5. Acknowledgement. Employee acknowledges that the Bank and the Corporation admit no
liability or wrongdoing in requesting or accepting this Release Agreement and waiver. 
 6. Time and Return and Disclosures. Employee
understands and agrees that, in full compliance with the Older Workers Benefit Protection Act (OWBPA) of 1990: 
 a. Employee enters into
this Release Agreement freely and knowingly, and after due consideration, intending to waive, settle, and release all waivable claims that Employee has or may have against Releasees up to the date of the execution of this Release Agreement,
including claims under the ADEA. The Release Agreement does not, however, prohibit employee from asserting an ADEA claim related to events occurring after he signs the Release Agreement. 

b. The Bank and Corporation advise and direct Employee to consult with an attorney before signing this Agreement waiving his ADEA rights.
Through his signature below, Employee acknowledges that he has been given the opportunity to consult with an attorney before signing this Agreement waiving his ADEA rights. 

c. Employee has been provided with the opportunity to consider this Release Agreement for 21 days. Material and immaterial changes to this
Release Agreement will not extend the 21-day period for the Employee to consider this Release Agreement. Employee may voluntarily return this Release Agreement prior to expiration of the 21-day period. By doing so, Employee acknowledges that he waives the entire 21-day review period and has executed the Release Agreement as of the date listed below freely and
without coercion. If Employee agrees to enter into this Release Agreement, he must sign the Release Agreement and return it to Brett Fulk. 

d. Employee understands that he has seven days after he signs the Release Agreement to revoke the Release Agreement by delivering a written
notice of revocation to Brett Fulk by 5:00 p.m. Eastern Standard Time on the seventh day after Employee signs the Release Agreement. In the event Employee revokes this Release Agreement, neither the Bank nor the Corporation shall have any obligation
to Employee under the Release Agreement. After this revocation period has expired, the Release Agreement will become effective, enforceable, and irrevocable. 

7. Severability. The Release Agreement’s promises are severable, meaning that if a court were to find any promise invalid or
unenforceable, the court will modify or adjust that promise. The Release Agreement’s other promises and terms, though, would remain fully enforceable if that were to occur. If Employee challenges the validity of or attacks this Release
Agreement in any court of competent jurisdiction, Employee unequivocally agrees to first return to the Bank any and all monies or other consideration received by the Employee under the terms of this Release Agreement. 

8. Entire Agreement. This Release Agreement expresses the entire agreement between Employee, the Bank, and the Corporation regarding
Employee’s resignation from employment. This Release Agreement may not be amended or terminated except by a written agreement signed by Employee, the Bank, and the Corporation. No representations made prior to or contemporaneously with this
Release Agreement shall have any binding effect. 

  
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 9. Waiver. No waiver of any provision of this Release Agreement shall constitute a
waiver of any other provisions of this Release Agreement. Notwithstanding any rule of law to the contrary, this Release Agreement may not be modified, changed, amended, or waived in any way (whether in whole or in part) orally, by conduct, by
informal writings, or by any combination thereof. 
 10. Benefits. The promises of Employee under this Release Agreement shall inure
to the benefit of the Releasees and all other present or future subsidiaries and affiliates, successors, or assigns of the Releasees. All such entities shall be considered third party beneficiaries and may enforce any provision of this Release
Agreement. Employee, however, may not assign his obligations under the Release Agreement. 
 11. Governing Law and Jurisdiction. The
validity, legality, and construction of this Release Agreement or of any of its provisions shall be governed exclusively by the laws of the Commonwealth of Pennsylvania. Any action arising out of or relating to any of the provisions of this Release
Agreement may be brought and prosecuted only in the courts of or located in the Commonwealth of Pennsylvania. 
 12. Interpretation.
This Release Agreement shall be interpreted in a reasonable manner to affect the Parties’ purposes and specifically shall not be interpreted in a manner that would require interpretation of any ambiguities in this Release Agreement against a
party who has drafted it. The paragraph headings set out in this Release Agreement are for convenience only and shall not be used to interpret the provisions of this Release Agreement. 

13. Acceptance. The Parties certify that they have read this Release Agreement, that they understand the meaning and legal effects of
this Release Agreement, that they are executing this Release Agreement of their own volition, that they are legally competent to enter into this Release Agreement, and that they acknowledge that the consideration stated in this Release Agreement is
adequate and satisfactory. 
 14. Counterparts. This Release Agreement may be executed in several counterparts, each of which shall be
an original and all of which shall constitute one and the same document. 
 15. Authorization of Signatories. The undersigned are
fully competent and authorized to execute this Release Agreement and have signed their names to this Release Agreement of their own free will. 

IN WITNESS WHEREOF, intending to be legally bound, the Parties have executed the foregoing Confidential Separation Agreement and General
Release as of the date first written below. 
  

							
		 		 	EMPLOYEE
			
	Dated: 9/30/2020	 		 	 

  

		 		 	Steven A. Ehrlich
			
		 		 	RIVERVIEW BANK
				
	Dated: Sept. 30, 2020	 		 	By:	 	 

  

  
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		 		 	RIVERVIEW FINANCIAL CORP.
				
	Dated: Sept. 30, 2020	 		 	By:	 	 

  

  
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