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                                                                    Exhibit 10.1

         FORM OF SEPARATION AND RELEASE AGREEMENT BETWEEN SLIPPERY ROCK
                  FINANCIAL CORPORATION AND WILLIAM C. SONNTAG

                        SEPARATION AND RELEASE AGREEMENT

THIS SEPARATION AND RELEASE AGREEMENT (hereinafter "Agreement") is made between
Slippery Rock Financial Corporation (hereinafter "Company") and William Sonntag
(hereinafter "Employee").

WHEREAS, the Company contemplates the consummation of an Agreement and Plan of
Merger ("Merger") by and between the Company and F.N.B. Corporation
("Corporation"); and

WHEREAS, Company and Employee agree that Employee's last day of employment will
be the date of consummation of the Merger; and

WHEREAS, Company and Employee wish to finally and completely resolve any and all
matters between them relating to Employee's employment and cessation of
employment.

NOW, THEREFORE, in consideration of the mutual undertakings set forth below,
this Agreement will govern Employee's cessation of employment with the Company
and will resolve, finally and completely, any and all possible claims Employee
may assert against Company arising from such employment and the parties agree as
follows:

SECTION 1. Recitals

The foregoing recitals are incorporated by reference as if fully set forth
herein.

SECTION 2. Separation Payment and Benefits

2.01  Commencing on the later of the Effective Date of the Merger, approval of
      this Agreement by the Office of the Comptroller of the Currency and the
      Federal Deposit Insurance Corporation, if necessary, or the 8th day after
      receipt of a fully signed and dated copy of this Agreement from Employee
      ("Effective Date"), the Company or the Corporation (depending upon the
      Effective Date), agree to provide the following payments and benefits
      ("Separation Benefits") less applicable taxes:

      (a)   A payment equal to two (2) times Employee's salary, at the time of
            termination and two (2) times the Employee's average bonus for the
            last two years.

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      (b)   A payment for all accrued and unused vacation days for the year
            2004.

      The Company shall use commercially reasonable efforts to obtain approvals
      of this Agreement by the Office of the Comptroller of the Currency and the
      Federal Deposit Insurance Corporation, if necessary.

2.02  Employee acknowledges that the Separation Benefit referenced in Paragraph
      2.01 of this Agreement constitute consideration over and above anything of
      value to which Employee was already entitled.

2.03  Notwithstanding anything above in this Section 2, if the Employee is a
      "disqualified individual" (as defined in Section 280G(c) of the Internal
      Revenue Code ("Code")), and the severance benefit provided for in Section
      2, together with any other payments which the Employee has the right to
      receive which constitute a "parachute payment" (as defined in Section
      280G(b)(2) of the Code), the severance benefit shall be reduced. The
      reduction shall be in an amount so that the present value of the total
      amount received by the Employee from the Company will be reduced to the
      maximum amount such that no portion of the amount received by the Employee
      shall be subject to the excise tax imposed by Section 4999 of the Code.

2.04  Nothing herein shall affect Employee's vested rights, if any, pursuant to
      Company's 401(k) Plan, pension plan or any other employee benefit plan,
      including COBRA continuation coverage. Notwithstanding Employee receiving
      any payments under the terms of this Agreement on the date of Employee's
      separation, all future accrual and vesting, for purposes of the Company's
      401(k) Plan and retirement plan, and other such plans, shall cease on
      Employee's last day of employment.

SECTION 3.                 Confidential Information and Communications

3.01  The Company and Employee agree that the terms and conditions of this
      Agreement shall be confidential and shall not be disclosed or discussed by
      the parties with any person other than the parties' attorneys and any
      other employee, officer or director or accountant or other person whose
      knowledge of the terms of this Agreement is necessary for legal,
      accounting, tax or other related purposes or for purposes of the Company's
      business operations.

3.02  From and after the date of this Agreement, Employee and the Company agree
      not to make any oral or written communication or comment to impugn or
      otherwise disparage the competency, integrity or qualifications of the
      other, its affiliates, directors, officers and employees.

SECTION 4. Cooperation Agreement

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4.01  Employee agrees to cooperate with the Company in resolving any matters now
      existing or arising hereafter which relate to the area of Employee's prior
      responsibility as an employee of the Company, including testifying, if
      necessary, with reasonable out-of-pocket expenses to be reimbursed by
      Company.

4.02  If Employee's employment with the Company continues after Employee
      executes this Agreement, Employee agrees that, at the written request of
      the Company, he will reaffirm this Agreement in writing upon his
      termination of employment.

SECTION 5. Release

In exchange for any payments or benefits provided by the Company or Corporation
under this Agreement, Employee hereby releases the Company, the Corporation and
any affiliated entities and their respective officers, directors, shareholders,
employees and agents, from any and all claims, demands, suits, causes of action,
damages or expenses which Employee has had or may have in the future, arising
out of Employee's employment as an employee of the Company, Employee's
separation from the Company, and the transactions contemplated by this
Agreement, including, without limitation:

      (a)   claims under any and all federal, state or local laws or
            regulations, including, but not limited to any labor, employment or
            benefit laws prohibiting any form of discrimination such as the Fair
            Labor Standards Act, the Age Discrimination in Employment Act, as
            amended by the Older Workers Benefit Protection Act ("OWBPA'), Title
            VII of the Civil Rights Act of 1964, the Americans with Disabilities
            Act, and Civil Rights Act of 1991; and

      (b)   any right to recover under any claim that may be filed by the Equal
            Employment Opportunity Commission, or state or local human relations
            commission, or any other federal, state or local governmental
            agency.

      (c)   any claim that Employee is entitled to additional awards or vesting
            under any of either the Company's or Corporation's benefit plans,
            whether qualified or non-qualified, including, but not limited to,
            any defined benefit plan, defined contribution plan, stock option or
            other similar plan for service after the date of separation.

SECTION 6. Parties in Interest

This Agreement shall be binding upon Employee, Employee's heirs, personal
representatives and permitted assigns and upon the Company, its affiliates and
their successors and assigns. This Agreement shall not be assignable, except the
Company may assign it to any successor to the Company.

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SECTION 7. Enforcement

The parties acknowledge that the conditions of this Agreement are special,
unique and extraordinary and that, in the event of a breach of the terms and
conditions of this Agreement, the Company or Corporation shall be entitled to
institute proceedings to enforce the specific performance of this Agreement and
to enjoin violations of its provisions.

SECTION 8. Arbitration Provision

Employee and Company waive any right to a court (including jury) proceeding and
instead agree to submit any dispute over the application, interpretation,
validity, or any other aspect of this Agreement to final and binding arbitration
consistent with the application of the Federal Arbitration Act and the
employment dispute or comparable procedural rules of the American Arbitration
Association (AAA) before an arbitrator who is a member of the National Academy
of Arbitrators (NAA) out of an NAA panel of eleven arbitrators to be supplied by
the AAA. Only true neutrals will be eligible for consideration as arbitrators
and under no circumstances will AAA furnish the names of individuals who
represent employees, unions or companies.

SECTION 9. Severability

If any court, arbitrator, or other authority determines that any term,
condition, clause or provision of this Agreement is void or invalid at law, or
for another reason, then only that term, condition, clause, or provision will be
invalid, and the rest will remain in full force and effect.

SECTION 10. Governing Law

This Agreement is governed, construed and enforced under the internal laws of
the Commonwealth of Pennsylvania, without giving effect to its conflicts of law
principles.

SECTION 11. Integration; Modification

This Agreement contains the entire agreement between the parties and there are
no other representations, understandings, warranties, covenants or agreements
with respect to such relationship except as provided herein. This Agreement may
not be amended or modified except in writing and signed by the parties hereto.
Any notices required or permitted to be given hereunder shall be in writing and
sent by certified mail to the last known address of the other.

SECTION 12. Counterparts

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This Agreement may be executed in more than one counterpart, or in separate
counterparts as the parties deem desirable, each of which, when fully executed,
shall constitute an original.

SECTION 13. Advice of Counsel

EMPLOYEE HEREBY ACKNOWLEDGES THAT EMPLOYEE HAS HAD A FORTY-FIVE (45) DAY
OPPORTUNITY TO CONSIDER THIS AGREEMENT, THAT WHETHER EMPLOYEE CHOOSES TO USE ALL
OR PART OF THAT TIME IS EMPLOYEE'S OPTION, THAT EMPLOYEE HAS BEEN ADVISED,
ORALLY AND BY THIS AGREEMENT, ABOUT THE OWBPA AND TO CONSULT WITH AN ATTORNEY
PRIOR TO SIGNING THIS AGREEMENT, AND THAT EMPLOYEE HAS BEEN INFORMED ORALLY AND
BY THIS AGREEMENT, THAT EMPLOYEE MAY REVOKE THIS AGREEMENT AT ANY TIME BEFORE
THE START OF THE EIGHTH (8TH) CALENDAR DAY FOLLOWING THE DAY EMPLOYEE SIGNED THE
AGREEMENT, BY DELIVERING A WRITTEN NOTICE OF REVOCATION TO:

                               F.N.B. CORPORATION
                              ONE F.N.B. BOULEVARD
                          HERMITAGE, PENNSYLVANIA 16148
                             ATTN: LEGAL DEPARTMENT

EMPLOYEE FURTHER ACKNOWLEDGES THAT, IF EMPLOYEE DOES NOT CANCEL OR REVOKE THE
AGREEMENT BY THE START OF THE EIGHTH (8TH) CALENDAR DAY FOLLOWING THE DAY
EMPLOYEE SIGNS THIS AGREEMENT, THIS AGREEMENT WILL BECOME EFFECTIVE AND LEGALLY
BINDING IN ACCORDANCE WITH ITS TERMS.

IN WITNESS WHEREOF, intending to be legally bound, the parties hereto have
executed this Agreement the _______ day of _________________, ________.

ATTEST:                                     Slippery Rock Financial Corporation

______________________                      By:
                                            Name: ____________________________
                                            Title:____________________________

WITNESS:

______________________                      ________________________________
                                                     William Sonntag

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                                                                    Exhibit 10.2

        FORM OF NON-COMPETITION AGREEMENT BETWEEN F.N.B. CORPORATION AND
                               WILLIAM C. SONNTAG

                            NON-COMPETITION AGREEMENT

This Non-Competition Agreement entered into as of this ____ day of______________
, 2004, by and between F.N.B. Corporation ("Corporation") and William Sonntag
("Sonntag").

WHEREAS, the Corporation contemplates the consummation of a merger pursuant to
an Agreement and Plan of Merger by and between the Corporation and Slippery Rock
Financial Corporation ("Merger"); and

WHEREAS, Sonntag is a well respected business person in the community; and

WHEREAS, the Corporation desires to avoid Sonntag using his expertise, community
relations and presence in the community to cause customers to cease doing
business with the Corporation and its subsidiaries.

NOW, THEREFORE, in consideration of the premises and covenants contained in this
Agreement and intending to be legally bound hereby, the parties agree as
follows:

1.          RECITALS.

The parties incorporate the foregoing recitals by reference.

2.          RESTRICTED PERIOD.

This Agreement will commence on the later of the date of consummation of the
Merger or approval of this Agreement by the Office of the Comptroller of the
Currency and the Federal Deposit Insurance Corporation, if necessary, and end
thirty-six (36) months later (the "Restricted Period"). The Corporation shall
use commercially reasonable efforts to obtain approvals of this Agreement by the
Office of the Comptroller of the Currency and the Federal Deposit Insurance
Corporation, if necessary.

3.          PAYMENT.

In consideration for the non-competition and non-solicitation provisions set
forth below, the Corporation shall pay and provide to Sonntag __________
annually, which payment will be made in twenty-four (24) equal installments on
the 1st and 15th of every month.

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4.          NON-COMPETITION.

4.01  For purposes of this Agreement, reference to the term "Competitive
      Enterprise" shall mean any bank holding company, finance company or
      insured depository institution (including an institution in the
      organization stage or in the process of applying for or receiving
      appropriate regulatory approval), including, without limitation, any
      federal or state chartered bank, savings bank, savings and loan
      association, credit union or other financial services provider or
      non-banking affiliate thereof offering similar services or products as
      those offered by the Corporation to its customers.

4.02  During the Restricted Period, Sonntag shall not:

      (a)   accept a position as director, employee, consultant, advisor or
            agent of any Competitive Enterprise which is located in any county
            in which the Corporation does business during the term of this
            Agreement.

      (b)   acquire an ownership interest (individually or in concert with
            others) in a Competitive Enterprise whereby said ownership interest
            enables Sonntag to, directly or indirectly, in a substantial manner,
            control, direct, influence, affect or impact the operations,
            services or business activities of the Competitive Enterprise in any
            county, in which the Corporation or its subsidiaries operate an
            office during this Agreement.

5.          NON-SOLICITATION.

During the term of this Agreement Sonntag shall not:

5.01  In any way, directly or indirectly, for the purpose of selling any product
      or service that competes with a product or service offered by the
      Corporation or its present subsidiaries or affiliates, solicit, divert, or
      entice:

      (a)   any customer or existing business of the Corporation, with whom
            Sonntag solicited, became aware of, or transacted business with
            during Sonntag's engagement by the Corporation or its predecessors;

      (b)   any potential customer or business identified by the Corporation,
            with whom Sonntag solicited, became aware of, or transacted business
            with during Sonntag's engagement by the Corporation or its
            predecessors;

5.02  Employ or assist in employing any present employee of the Corporation or
      any of its affiliates (whether or not such employment is full time or is
      pursuant to a written contract), for the purpose of having such employee
      perform services for any

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      Competitive Enterprise or other organization in competition with the
      business of the Corporation or any of its present subsidiaries or
      affiliates;

5.03  In any way, directly or indirectly, make any oral or written statement,
      comments, or other communications designed or intended to impugn,
      disparage or otherwise malign the reputation, ethics, competency, morality
      or qualifications of the Corporation or any of its directors or employees
      or customers.

6.          CONFIDENTIALITY.

6.01  For purposes of this Agreement, "Proprietary Information" shall mean any
      information relating to the business of the Corporation or any of its
      present subsidiaries or affiliates that has not previously been publicly
      released by authorized representatives of the Corporation or any
      authorized representatives of any of its present subsidiaries or
      affiliates, and shall include (but shall not be limited to) information
      encompassed in all marketing and business plans, financial information,
      costs, pricing information, customer and client lists and relationships
      between the Corporation and dealers, distributors, sales representatives,
      wholesalers, customers, clients, suppliers, and others who have business
      dealings with the Corporation, and all methods, concepts, or ideas in or
      reasonably related to the business of the Corporation or any of its
      present subsidiaries or affiliates and not in the public domain.

6.02  Sonntag agrees to regard and preserve as confidential all Proprietary
      Information that has been developed or obtained by Sonntag in the course
      of Sonntag's engagement by the Corporation, its predecessors, subsidiaries
      and affiliates, on or before the date of this Agreement, whether Sonntag
      has such information in Sonntag's memory, writing, electronic media or
      other physical form, including information maintained by Sonntag on any
      computer, electronic device, or other personal property owned by Sonntag.
      Sonntag shall not, without written authorization from the Corporation, use
      for Sonntag's benefit or purposes, nor disclose to others, at any time,
      during the Restricted Period, except as required by the conditions of
      Sonntag's engagement by the Corporation, any Proprietary Information. This
      prohibition shall not apply after the Proprietary Information has been
      voluntarily disclosed to the public, independently developed and disclosed
      by others, or otherwise enters the public domain through lawful means.

7.          REMEDIES.

In addition to any other rights and remedies the Corporation may have if Sonntag
violates this Agreement, the Corporation and Sonntag agree as follows:

      (a)   It is understood and agreed by and between the parties hereto that a
            breach by Sonntag of the covenants set out in Sections 4 and 5 of
            this Agreement is likely

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            to cause the Corporation great and irreparable injury and damage.
            Sonntag hereby expressly agrees that the Corporation shall be
            entitled to the remedies of injunction, specific performance and
            other equitable relief to prevent a breach of Sections 4 and 5 of
            this Agreement by Sonntag. This provision shall not, however, be
            construed as a waiver of any of the remedies which the Corporation
            may have for damages or otherwise.

      (b)   The Corporation will have no obligation to make any payments under
            this Agreement.

8.          SUCCESSORS, ASSIGNS, ETC.

      (a)   This Agreement shall be binding upon, and shall inure to the benefit
            of, Sonntag and the Corporation and its successors and assigns.

      (b)   If Sonntag dies during the Restricted Period, this Agreement shall
            terminate and the Corporation will have no obligations to make any
            further payments to the heirs, legal representatives, beneficiaries,
            or estate of Sonntag.

9.          NOTICES.

9.01  All notices, consents, requests, demands and other communications required
      or permitted hereunder:

      (a)   shall be in writing;

      (b)   shall be sent by messenger, certified or registered U.S. mail, a
            reliable express delivery service or facsimile (with a copy sent by
            one of the foregoing means), charges prepaid as applicable, to the
            appropriate address(es) or number(s) set forth below; and

      (c)   shall be deemed to have been given on the date of receipt by the
            addressee (or, if the date of receipt is not a business day, on the
            first business day after the date of receipt), as evidenced by (i) a
            receipt executed by the addressee (or a responsible person in his or
            her office), the records of the person delivering such communication
            or a notice to the effect that such addressee refused to claim or
            accept such communication, if sent by messenger, U.S. mail or
            express delivery service, or (ii) a receipt generated by the
            sender's facsimile voucher showing that such communication was sent
            to the appropriate number on a specified date.

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9.02  All such communications shall be sent to the following addresses or
      numbers, or to such other addresses or numbers as any party may inform the
      others by giving five (5) business days' prior notice:

      If to F.N.B. Corporation:                 If to William Sonntag:

      Stephen J. Gurgovits
      One F.N.B. Boulevard, 6th Floor
      Hermitage, PA 16148
      Facsimile: 724-983-3515

      With Copy to:

      Legal Department
      One F.N.B. Boulevard, 1st Floor
      Hermitage, PA 16148
      Facsimile: 724-983-3349

10.         GOVERNMENTAL REGULATION.

Nothing contained in this Agreement shall be interpreted, construed or applied
to require the commission of any act contrary to law and whenever there is any
conflict between any provision of this Agreement and any statute, law ordinance,
order or regulation, the latter shall prevail; but in such event any such
provision of this Agreement shall be curtailed and limited only to the extent
necessary to bring it within applicable legal requirements.

11.         ARBITRATION.

Any dispute or controversy as to the validity, interpretation, construction,
application or enforcement of, or otherwise arising under or in connection with
this Agreement, shall be submitted at the request of either party hereto for
resolution and settlement through arbitration in Pennsylvania in accordance with
the rules then prevailing of the American Arbitration Association. Any award
rendered therein shall be final and binding on each of the parties hereto and
their heirs, executors, administrators, successors and assigns, and judgment may
be entered thereon in any court having jurisdiction. The foregoing provisions of
this paragraph shall not be deemed to limit the rights and remedies reserved to
the Corporation under and pursuant to Section 7 hereof which rights and remedies
may be pursued through arbitration.

12.         GOVERNING LAW.

This Agreement shall be governed by and construed in accordance with the laws of
the Commonwealth of Pennsylvania, without giving effect to its conflicts of laws
principles.

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13.         DIVISIBILITY.

Should a court or arbitrator declare any provision hereof to be invalid, such
declaration shall not affect the validity of the Agreement as a whole or any
part thereof, other than the specific portion declared to be invalid.

14.         HEADINGS.

The headings to the Sections and paragraphs hereof are placed herein for
convenience of reference only and in case of any conflict the text of this
Agreement, rather than the headings, shall control.

15.         ENTIRE AGREEMENT; AMENDMENT.

This Agreement sets forth the entire understanding of the parties in respect of
the subject matter contained herein and supersedes all prior agreements,
arrangements and understandings relating to the subject matter and may only be
amended by a written agreement signed by both parties hereto or their
duly-authorized representatives.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement to be
effective as of the date first above written.

WITNESS:

______________________________
                                         William Sonntag

ATTEST:
                                         F.N.B. Corporation

______________________________           By:
Secretary                                Name:
                                         Title:

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