Document:

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                                                                   Exhibit 10(b)

                              EMPLOYMENT AGREEMENT

      THIS EMPLOYMENT AGREEMENT (the "Agreement") made effective as of May 25,
2003 by and among CITY NATIONAL BANK OF NEW JERSEY (the "Bank") a national
banking association, CITY NATIONAL BANCSHARES CORPORATION (the "Corporation"), a
New Jersey corporation, each with its principal office at 900 Broad Street,
Newark, New Jersey (the Bank and the Corporation sometimes collectively referred
to as the "Employer"), and LOUIS E. PREZEAU ("Executive").

      WHEREAS, the Corporation is a bank holding company, and the Bank is a
wholly-owned subsidiary of the Corporation; and

      WHEREAS, the Bank, the Corporation and the Executive have previously
entered into an Employment Agreement effective as of May 24, 2000, which
Employment Agreement is hereby revised, amended and extended pursuant to and in
accordance with the terms of this Employment Agreement; and

      WHEREAS, the Bank and the Corporation desire to continue to retain the
services of Executive as President and Chief Executive Officer of the
Corporation and the Bank for the period provided in this Agreement and subject
to the terms and conditions hereof; and

      WHEREAS, Executive is willing to serve in the employ of the Bank and the
Corporation as President and Chief Executive Officer on a full-time basis for
said period on the terms and conditions specified herein,

      NOW, THEREFORE, in consideration of the mutual covenants herein contained,
and upon the other terms and conditions hereinafter provided, the parties hereto
agree as follows:

      1. POSITION AND RESPONSIBILITIES.

      (a) During the period of his employment hereunder, Executive shall serve
as President and Chief Executive Officer of the Corporation and the Bank.
Executive shall have such duties as are customarily or appropriately vested in
the President and Chief Executive Officer of a publicly-held bank holding
company and a national bank, and as from time to time may be prescribed by the
Board of Directors of the Corporation (the "Board"), provided such duties are
consistent with Executive's present duties and with Executive's current position
as the President and Chief Executive Officer of the Employer. During the period
of his employment hereunder, Executive shall devote substantially all of his
business time, attention, skill, and efforts to the faithful performance of his
duties hereunder, including activities and services related to the organization,
operation and management of the Employer.
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      (b) During the period of employment hereunder, Corporation shall elect
Executive as a director of the Bank and shall nominate and recommend the
Executive for election as a director of the Corporation.

      2. TERM. The period of Executive's employment under this Agreement shall
be deemed to have commenced as of the effective date first above written and
shall continue for a period of three (3) years thereafter. Thereafter, subject
to Section 9(b) hereof, the Employer may, in its discretion, renew this
Agreement upon such terms and conditions as shall be mutually agreeable to the
parties.

      3. COMPENSATION AND RELATED MATTERS.

      (a) Salary. As compensation for the responsibilities and duties described
in Section 1, the Employer shall pay Executive an annual salary of $200,000
during the first year of employment (such annual salary as adjusted from time to
time, the "Base Salary"), payable biweekly. Executive's Base Salary shall be
increased by two percent (2%) of the then current amount thereof effective on
each of May 25, 2004 and 2005. Executive's Base Salary may be further increased
during the second and third year of employment as determined by the Board or a
duly appointed committee. At Executive's option and expense, the Executive may
defer part of his salary pursuant to Section 83 of the Internal Revenue Code,
and Executive shall be responsible for notifying Employer of such election and
making all necessary arrangements for such deferral (with respect to any trusts
or other agreements relating thereto). In addition to his Base Salary, Executive
shall be entitled to the same director's fees as other directors of the Bank and
the Corporation. The difference between the Base Salary amount which would have
been paid to Executive between the effective date of this Agreement and the date
this Agreement is executed by the parties hereto, and the amount that was
actually paid to Executive as base salary during such time period shall be paid
to Executive (subject to normal payroll withholdings) within thirty (30) days of
the date this Agreement is executed by all the parties hereto.

      (b) Employee Benefits. So long as Executive shall be employed hereunder,
the Employer shall provide Executive, at no cost to Executive, with all such
other benefits as are provided uniformly to permanent full-time employees of the
Bank. In addition, Executive will be entitled to incentive compensation and
bonuses as provided in any plan of the Employer in which officers of the Bank
are eligible to participate.

      (c) Expenses. In addition to the salary and other benefits provided
hereunder, the Employer shall reimburse Executive for all reasonable travel,
commutation and other expenses incurred and accounted for by Executive in
performing his obligations under this Agreement. Employer's reimbursement
obligation hereunder shall be subject to Employer's reimbursement policies and
procedures as adopted and amended from time to time. In addition, Executive
shall receive an annual, non-accountable expense allowance equal to $18,000.
Executive may receive advances for business expenses to be incurred by Executive
in accordance with normal business practices. The non-accountable expense
allowance for 2003 shall be reduced by whatever non-accountable expense
allowance Executive received prior to the effective date of this Agreement for
2003.

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      (d) Life Insurance. So long as Executive is employed by the Employer
hereunder, the Employer shall pay, for the benefit of Executive, 100% of that
amount of annual premium on life insurance policy no. 37-627041 issued by the
Equitable Life insurance Company as is allocable to a death benefit of up to
three (3) times the Executive's annual Base Salary then in effect. Executive
shall be the owner of such policy and shall be entitled to exercise all rights
of ownership of such policy, including naming the beneficiary of such policy.

      (e) Automobile. So long as Executive is employed hereunder, the Employer
shall provide Executive, for his exclusive use, with an automobile of
Executive's choice (new or used), having a purchase price not in excess of
$50,000 or a lease cost not in excess of $1,000 per month and which is no more
than three (3) years old. The Employer shall pay (or reimburse Executive for)
all expenses related to the operation, maintenance and up-keep of such
automobile, including insurance, gas, service and repairs.

      (f) Vacation. Executive shall be entitled to six weeks paid vacation per
year, of which up to two weeks vacation may be carried forward to the next year
(entitling Executive to a maximum of eight weeks vacation in any one year if two
weeks of vacation from the prior year were not used). Time spent at banking
conventions shall not be counted as vacation time. Executive will be compensated
for all unused vacation at the termination of his employment for any reason (to
extent Executive would have been entitled to such vacation time in the year of
termination).

      (g) Conventions. Employer shall reimburse Executive and his spouse for all
expenses related to their attendance at three banking conventions a year
selected by the Executive (such as the National Bankers Association, the New
Jersey Bankers Association and the American Bankers Association, etc.).

      (h) Financial Tax/Legal Consultant. Employer shall reimburse Executive for
expenses related to the consultation of a financial tax/legal consultant for his
personal finances. This benefit is available for one time anytime during the
term of this Agreement.

      (i) Annual Medical Checkup. Employer shall reimburse Executive for the
expenses related to an annual, complete physical.

      4. PERFORMANCE BONUS.

      (a) Calculation of Bonus. Executive shall be entitled to an annual
performance bonus ("Performance Bonus") commencing with and for the calendar
year ended 2003, equal to the following:

      (a)   Calculation of Bonus. Executive shall be entitled to an annual
            performance bonus ("Performance Bonus") commencing with and for the
            calendar year ended 2003, equal to the bonus amount opposite the
            applicable ROE amount for such year as follows:

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<TABLE>
<CAPTION>
  TIER        ROE*                            BONUS AMOUNT
  ----        ----                            ------------
<S>        <C>           <C>
   1         0 < 10%                                0
               -

   2       > 10 < 15%    10% of the amount by which the Corporation's net
                -
                         income (less preferred dividends) for such year
                         exceeds 10% of the Corporation's average common equity
                         for such year but is less than 15% of the
                         Corporation's average common equity for such year.

   3          >15%       The Tier 2 Bonus Amount, PLUS 20% of the amount by
                         which the Corporation's net income (less preferred
                         dividends) for such year exceeds 15% of the
                         Corporation's average common equity for such year.
</TABLE>

*Return on average common equity of the Corporation.

For purposes of this chart, average common equity shall mean the average
stockholders' equity for the Corporation less preferred stock.

      In any year, the Board has the discretion to increase the Performance
Bonus award over the level indicated above.

      (b) Payment of Performance Bonus. The Performance Bonus shall be paid in
cash, the Corporation's common stock, or any combination thereof, as the
Executive shall decide subject to the limitations set forth below.

            (i) If all or any portion of the Performance Bonus is to be paid in
cash, such cash payment shall be made within thirty (30) days after the
Corporation has received the final year-end audit report for the Corporation and
the Bank prepared and certified by the Corporation's independent auditors.

            (ii) If all or any portion of the Performance Bonus is to be paid in
the Corporation's common stock, the number of shares issued to Executive in
satisfaction of the Performance Bonus shall be determined based on the then
applicable fair market value of such shares as determined by the Board, giving
appropriate weight to the lack of marketability of such shares.

      At the Executive's option and expense, Executive may defer part of his
Performance Bonus; provided Executive shall be responsible for notifying
Employer of such deferral and making all necessary arrangements for such
deferral (with respect to any trusts or other agreement relating thereto).

      (c) Pro Rata Share on Termination. In the event the Executive's employment
shall be terminated for any reason (including, without limitation, the death or
disability of the Executive) other than by the Employer for "cause" or by the
Executive for other than "Good Reason", prior

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to the expiration of the term hereof, the Executive shall nonetheless be
entitled to receive a bonus payable in accordance with the terms hereof equal to
(i) the Performance Bonus to which the Executive would otherwise be entitled as
calculated in accordance with Section 4(a) hereof, multiplied by (ii) a fraction
the numerator of which is the number of days employed by the Executive during
the year in which the Executive's employment was terminated and the denominator
of which is 365.

      (d) Certification of Bonus. If Executive and Employer shall disagree as to
the amount of the Performance Bonus, the Employer shall request the Employer's
independent auditors to prepare a certificate showing the amount of net
operating profit, common stockholders' equity and the Performance Bonus. Such
certificate shall be binding upon the parties, absent manifest error.

      5. RESTRICTED STOCK; STOCK OPTIONS.

      (a) The Board will consider each year in conjunction with the Executive's
annual review, the outright grant of shares of the Corporation's common stock or
the granting of an option to purchase shares of the Corporation's common stock
(such shares being the "Option Shares").

      (b) The exercise price to be paid by Executive for each Option Share (the
"Option Price") shall be determined by the Board at the time the option is
granted. All payments of the exercise price must be made in cash in full at the
time of delivery of the Option Shares to Executive. Executive may exercise the
option granted hereunder and purchase Option Shares by giving written notice of
his election to exercise his option hereunder. The notice shall comply with
Section 22 hereof, and shall state the number of Option Shares which Executive
desires to purchase.

      (c) Subject to the provisions of this Section 5(c), stock options granted
to Executive under this Agreement are not transferable by the Executive other
than by will, decent and distribution, and during Executive's life time, such
stock options may be exercised only by Executive or Executive's guardian or
legal representative. Notwithstanding the foregoing, Executive may transfer
stock options and any other security issued to the Executive by the Corporation
pursuant to the terms of this Agreement to a family member of the Executive or
to one or more trusts or other legal entities organized and established for the
benefit of the Executive and/or his family members (a "Family Member") provided
such transfer is a gift. Subsequent transfers of transferred stock options are
prohibited except to other Family Members or by will or the laws of descent and
distribution. Following a transfer of a stock option, such stock option shall
continue to be subject to the same terms and conditions as were applicable
immediately prior to such transfer.

      (d) The existence of the options hereunder shall not affect in any way the
right or power of the Corporation or its stockholders to make or authorize any
or all adjustments recapitalizations, reorganizations or other changes in its
capital structure or its business, or any merger or consolidation, of the
corporation, or any issue of bonds, debentures, preferred or prior preference
stock ahead of or affecting the common stock or the rights thereof, or the
dissolution

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or liquidation of the Corporation, or any sale or transfer of all or any part of
its assets or business, or any other corporate act or proceeding, whether of a
similar character or otherwise.

      (e) If after the date hereof while the options are outstanding, the
Corporation shall effect a subdivision or combination of shares or other capital
readjustment, the payment of a stock dividend, or other increase or reduction of
the number of shares of common stock outstanding (other than the issuance or
repurchase of shares for fair consideration), then (i) in the event of an
increase in the number of such shares outstanding, the number of Option Shares
then subject to the option shall be proportionately increased and the Option
Price shall be proportionately reduced, and (ii) in the event of a reduction in
the number of such shares outstanding, the number or Option Shares then subject
to the option shall be proportionately reduced and the Option Price shall be
proportionately increased.

      (f) Executive acknowledges that the shares of common stock issued to the
Executive under Section s 4 and 5 of this Agreement, including, without
limitation, the Option Shares may be "restricted stock" within the meaning of
Rule 144 of the Securities Act of 1933, as amended, and may be disposed of only
in accordance with Rule 144.

      6. TERMINATION UPON DISABILITY.

      (a) Employer may terminate Executive's employment hereunder upon the
occurrence of Executive' Disability. As used herein, the terms "Disability" or
"Disabled" shall mean the inability of the Executive, by reason of injury,
illness or other similar cause, to perform a major part of his duties and
responsibilities in connection with the conduct of the business and affairs of
the Employer for a period of six (6) consecutive months. The determination of
whether the Executive is Disabled shall be made by the majority vote of the
Board, whose decision on this matter shall be final. Executive hereby authorizes
any physician, hospital or health care professional to furnish to the Employer
medical records covering his health or physical condition, but only in the event
that Executive is unable to perform a major part of his duties or
responsibilities for one (1) month.

      (b) Upon termination for Disability, Executive shall be entitled to
receive all compensation and benefits under Section 3 of this Agreement accrued
through the date of such termination, and the amount of any unpaid Performance
Bonus calculated in accordance with Section 4 hereof. In addition, the Executive
shall be entitled to long term disability benefits which shall be provided
pursuant to (i) any group disability insurance policy in which Executive is a
participant and (ii) an additional long-term disability policy providing such
amount of disability benefit as is necessary to cause the total amounts of
disability benefits under this Section 5(b), exclusive of amounts referred to in
the first sentence of this Section 5(b), to equal two-thirds of the Executive's
annual Base Salary in effect at the time of termination for Disability. Premiums
on the additional policy referred to in the preceding clause (ii) shall be paid
by Employer so long as Executive shall be employed hereunder.

      7. TERMINATION UPON DEATH. Executive's employment hereunder shall be
immediately terminated upon his death, in which case Employer shall pay
Executive's

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beneficiaries or his estate: (a) the amount of any accrued but unpaid Base
Salary pursuant to Section 3(a), (b) the amount of any unpaid Performance Bonus
calculated in accordance with Section 4 hereof, (c) Executive's other accrued
and unpaid benefits pursuant to Section 3. In addition, the Employer shall
continue all health insurance benefits for Executive's family member (which his
family members were receiving on the date of death) for one (1) year after the
date of death at the Employer's expense. Thereafter, the Employer shall have no
further obligation to compensate Executive except as expressly provided in this
Agreement.

      8. TERMINATION FOR CAUSE.

      (a) Employer may, at any time, terminate the Executive's employment for
"cause", defined as: (i) breach of fiduciary duty involving personal dishonesty
(ii) commission of a felony or of a misdemeanor involving dishonesty or moral
turpitude, or (iii) commission of embezzlement or fraud against Employer or any
of its affiliates, in each case which is material in amount or in injury to the
Employer or its reputation, (iv) continuous or habitual alcohol or drug abuse,
(v) habitual unexcused absence, or (vi) continuous gross negligence or willful
disregard for his duties hereunder. For purposes of this Section , no act, or
the failure to act, on Executive's part shall be considered "willful" unless
such act or failure to act was in bad faith, and without reasonable belief that
the action or omission was in the best interests of the Employer.

      (b) Upon termination of Executive's employment for "cause," Executive
shall be entitled to receive only the amount of any compensation and benefits
accrued and unpaid pursuant to Section 3 of this Agreement, but shall be
entitled to no further compensation or benefits hereunder.

      9. TERMINATION WITHOUT CAUSE: FAILURE TO RENEW SEVERANCE.

      (a) Except as otherwise provided herein, upon the termination of
Executive's employment by the Employer without "cause", the Employer shall pay
to Executive in one lump sum (in addition to (i) the amount of any accrued but
unpaid salary pursuant to Section 3(a), (ii) any unpaid Performance Bonus
calculated in accordance with Section 4 hereof, and (iii) Executive's other
accrued and unpaid benefits pursuant to Section 3) (1) an amount equal to two
times Executive's then applicable Base Salary, plus (2) an amount equal to
Executive's then most recently earned Performance Bonus.

      (b) Upon the expiration of this Agreement, if the Employer shall fail to
offer to renew this Agreement on substantially the same terms then in effect or
such other terms as shall be acceptable to Executive, the Employer shall pay to
the Executive (in addition to (i) the amount of any accrued but unpaid salary
pursuant to Section 3(a), (ii) any unpaid Performance Bonus calculated in
accordance with Section 4 hereof, and (iii) Executive's other accrued and unpaid
benefits pursuant to Section 3) in one lump sum (1) an amount equal to two times
Executive's then applicable Base Salary, plus (2) an amount equal to Executive's
then most recently earned Performance Bonus.

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      10. CONTINUATION OF BENEFITS FOLLOWING TERMINATION. In the event
Executive's Employment is terminated pursuant to Sections 6, 9 or 11(a) hereof,
the Employer shall cause to be continued for two (2) years following the date on
which Executive's employment is terminated, life and health coverage
substantially identical to any group coverage in which Executive participated
prior to termination, provided, however, that the Employer's obligation under
this Section 10 shall cease prior to expiration of such two (2) year period upon
(i) Executive's full-time employment by another employer, or (ii) the
Executive's death (subject to the provisions of Section 7).

      11. TERMINATION BY EXECUTIVE.

      (a) Executive may at any time for "Good Reason" voluntarily terminate his
employment hereunder by giving Notice of Termination in accordance with Section
12 hereof, in which case Executive shall be entitled to receive liquidated
damages and full satisfaction of any claims Executive may otherwise have
hereunder (in addition to (i) the amount of any accrued but unpaid salary
pursuant to Section 3(a), (ii) any unpaid Performance Bonus calculated in
accordance with Section 4 hereof, and (iii) Executive's other accrued and unpaid
benefits pursuant to Section 3).

      (b) If Executive terminates his employment other than for "Good Reason",
he shall be entitled to the amount of any compensation and benefits accrued and
unpaid pursuant to Section 3 of this Agreement as of the date of such
termination, but shall be entitled to no further compensation or benefits.

      (c) As used herein, "Good Reason" shall mean:

            (i) any change in control (A) of a nature that would require
approval under the Change in Bank Control Act, 12 U.S.C. Section 1817(j) or its
successor provisions and the regulations promulgated thereunder, whether or not
such change in control is approved pursuant to that act and (B) which is not
approved by the Board prior to such change in control;

            (ii) a failure by the Employer to comply with a material provision
of this Agreement which is not cured within thirty (30) days after notice of
such noncompliance has been given by Executive to the Employer; or

            (iii) a failure of the stockholders of the Corporation to elect
Executive as a director of the Corporation at a stockholders meeting held during
the term of this Agreement at which the Executive is up for election as a
director of the Corporation.

      12. NOTICE OF TERMINATION. Any purported termination by the Executive or
by the Employer shall be communicated by a Notice of Termination (as defined
below) to the other party thereto. For purposes of this Agreement, a "Notice of
Termination" shall mean a written notice which shall indicate the specific
termination provisions in this Agreement relied upon and shall set forth in
reasonable detail the facts and circumstances claimed to provide a basis for
termination of Executive's employment under the provision so indicated. Unless

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otherwise specified therein, a Notice of Termination shall be deemed effective
in accordance with Section 22.

      13. NON-COMPETITION; NON-DISCLOSURE.

      (a) Upon (i) voluntary termination by Executive of his employment
hereunder for any reason other than Good Reason, (ii) termination of Executive's
employment by the Employer for Cause, or (iii) expiration of this Agreement,
Executive agrees not to compete with the Employer or any of its affiliates for a
period of one (1) year following such termination within a 60 mile radius from
the Bank's main office located at 900 Broad Street, Newark, New Jersey.
Executive agrees that during such period and within said radius, Executive will
not work for or advise, consult or otherwise serve with, directly or indirectly,
any entity whose business materially competes with the depository, lending or
other business activities of the Employer or any affiliate. The parties hereto,
recognizing that irreparable injury will result to the Employer, its business
and property in the event of Executive's breach of this Section, agree that in
the event of any such breach by Executive, the Employer will be entitled, in
addition to any other remedies and damages available, to an injunction to
restrain the violation hereof by Executive, Executive's partners, agents,
servants, employers, employees and all persons acting for or with the Executive.

      (b) Executive agrees not to disclose, during or after the term of his
employment, any knowledge of the past, present, planned or considered business
activities of the Employer or affiliates thereof to any person, firm,
corporation, association or other entity for any reason or purpose whatsoever.
Notwithstanding the foregoing, Executive may disclose any knowledge of, banking,
financial and/or economic principles, concepts or ideas which are not solely and
exclusively derived from the business plans and activities of the Employer. In
the event of a breach or threatened breach by the Executive of the provisions of
this Section, the Employer shall be entitled to an injunction restraining
Executive from disclosing, in whole or in part, the knowledge of the past,
present, planned or considered business activities of the Employer or affiliates
thereof, or from rendering any services to any person, firm, corporation,
association or other entity to whom such knowledge, in whole or in part, has
been disclosed or is threatened to be disclosed. Nothing herein will be
construed as prohibiting the Employer from pursuing any other remedies available
to the Employer for such breach or threatened breach, including the recovery of
damages from Executive.

      14. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFITS PLANS. This Agreement
contains the entire understanding between the parties hereto and supersedes any
prior employment agreement between or among the Bank, the Corporation and
Executive.

      15. BINDING EFFECT. This Agreement shall be binding upon, and inure to the
benefit of, Executive, the Bank, the Corporation and their respective heirs,
personal representatives, successors and assigns.

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      16. MODIFICATION AND WAIVER.

      (a) This Agreement may not be modified or amended except by an instrument
in writing signed by the parties hereto.

      (b) No term or condition of this Agreement shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement, except by written instrument of the party charged with such
waiver or estoppel. No such written waiver shall be deemed a continuing waiver
unless specifically stated therein, and each such waiver shall operate only as
to the specific term or condition waived and shall not constitute a waiver of
such term or condition for the future or as to any act other than that
specifically waived.

      17. SEVERABILITY. If, for any reason, any provision of this Agreement, or
any part of any provision, is held invalid, such invalidity shall not affect any
other provision of this Agreement or any part of such provision not held so
invalid and each such other provision and part thereof shall to the full extent
consistent with law continue in full force and effect.

      18. HEADINGS FOR REFERENCE ONLY. The headings of Section s and paragraphs
herein are included solely for convenience of reference and shall not control
the meaning or interpretation of any of the provisions of this Agreement.

      19. GOVERNING LAW. This Agreement has been executed and delivered in the
State of New Jersey, and its validity, interpretation, performance, and
enforcement shall be governed by the laws of the State of New Jersey.

      20. ARBITRATION. Any dispute or controversy arising under or in connection
with this Agreement shall be settled exclusively by arbitration, in accordance
with the rules of the American Arbitration Association. Judgment may be entered
on the arbitrator's award in any court having jurisdiction. Notwithstanding the
foregoing, Employer may seek an injunction or other equitable relief in a court
of competent jurisdiction regarding violations of the Executive's covenants set
forth in Section 13.

      21. REFERENCES TO EMPLOYER; CONSTRUCTION. All references to Employer shall
mean each of the Bank and the Corporation, and both of them collectively, as the
context may require. All compensation, benefits and other amounts paid to
Executive are from the Bank and the Corporation collectively, and nothing herein
shall be deemed to entitle Executive to duplicate compensation or benefits. All
references to the singular shall include the plural, and vice-versa, and
reference to one gender shall include the other gender, as the context requires.

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      22. NOTICES. All notices required or permitted to be given herein shall be
in writing and delivered to the parties at the following addresses:

If to the Bank and/or the Corporation:

         City National Bank of New Jersey
         900 Broad Street
         Newark, New Jersey 07102
         Attn:  Chairman of the Board of Directors

If to Executive:

         Louis E. Prezeau
         85-27 Edgerton Boulevard
         Jamaica, New York 11532

or, at such other address as each party may designate in writing to the other
parties. All notices shall be effective, if by mail, two days after mailing, and
in all other instances upon delivery.

23. INDEMNIFICATION AND COOPERATION. Employer agrees to continue and maintain a
directors' and officers' liability insurance policy covering the Executive to
the extent the Employer provides such coverage for other executive officers,
including, without limitation, insurance coverage after the termination of this
Agreement. Employer shall indemnify Executive to the same extent the Employer
indemnifies its then current executive officers, including, without limitation,
indemnification after the termination of this Agreement. Following the
termination of this Agreement, to the extent reasonably requested by Employer,
Executive shall cooperate with Employer on matters involving Executive's unique
personal knowledge, including the defense of any action brought by any third
party against Employer. The obligation of Executive to cooperate as provided for
above shall be conditioned upon (a) reasonable prior to the Executive by the
Company of any request for such cooperation, (b) no interference as a result of
such cooperation with Executive's other activities, (c) no conflict of interest
between Executive and Employer exists in the subject matter of such cooperation,
(d) Executive is compensated for his time devoted to such cooperation in excess
of three (3) hours in any calendar month, and (e) Executive is provided with
prompt expense reimbursements and advances for reasonable out-of-pocket expenses
incurred in connection with such cooperation.

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      IN WITNESS WHEREOF, the Bank and the Corporation have caused this
Agreement to be executed by their duly authorized officers, and the Executive
has duly executed this Agreement.

                                     CITY NATIONAL BANCSHARES CORPORATION,
                                     a New Jersey corporation

                                     By: /s/ Eugene Giscombe
                                     -----------------------
                                     Title:  Chairman of the Board

                                     CITY NATIONAL BANK OF NEW JERSEY,
                                     a national banking association

                                     By: /s/ Eugene Giscombe
                                     -----------------------
                                     Title:  Chairman of the Board

                                     By: /s/ Louis E. Prezeau
                                     ------------------------
                                     Title:  President and CEO

                                       12<PAGE>

                              EMPLOYMENT AGREEMENT

                                 BY AND BETWEEN

                        DIAMOND TRIUMPH AUTO GLASS, INC.

                                       AND

                                 KENNETH LEVINE

                                   DATED AS OF

                                NOVEMBER 17, 2003

<PAGE>

         This EMPLOYMENT AGREEMENT, dated as of November 17, 2003, by and
between KENNETH LEVINE (the "Employee") and DIAMOND TRIUMPH AUTO GLASS, INC., a
Delaware corporation (the "Company"). As used herein, the term "Companies" shall
refer to the Company and its existing and future subsidiaries.

         The Company desires to engage Employee to perform services for the
Companies, and Employee desires to perform such services, on the terms and
conditions set forth below:

         NOW, THEREFORE, in consideration of the foregoing and the mutual
agreements contained herein, the parties hereto, intending to be legally bound,
hereby agree as follows:

         1.       Employment, Term.

                  The Company will employ the Employee in its business, and the
Employee will work for the Company, for a term of one (1) year, commencing as of
November 17, 2003 and ending on November 16, 2004, upon the terms and subject to
the conditions set forth in this Agreement. Such period, including any
extensions or renewals thereof, is referred to herein as the "Employment
Period". The Employee and Company agree that the Employment Period shall be
automatically renewed for an additional one (1) year period unless either the
Employee or the Company provides written notice of their desire to terminate
this Employment Agreement sixty (60) days prior to the expiration of the
Employment Period.

         2.       Duties.

                  2.1      During the Employment Period, the Employee shall
serve as the Co-Chairman of the Board, and perform duties of an executive
character consisting of administrative and managerial responsibilities on behalf
of the Companies, and shall perform such other duties on behalf of the Companies
and exercise such authority as may from time to time reasonably be delegated to
the Employee by the Board of Directors of the Company consistent with his
abilities.

                  2.2      The Employee shall discharge his duties from the
Company's facility in Kingston, Pennsylvania. The Employee shall also engage in
such travel in furtherance of his duties set forth in Section 2.1, as shall be
reasonably requested by the Company.

         3.       Devotion of Time.

                  Throughout the Employment Period, the Employee shall: (a)
devote substantially all of his working time to the business and affairs of the
Companies; (b) faithfully and diligently perform his duties in conformity with
the directions of the Company; (c) devote his best efforts, energy and skill to
the services of the Companies and the promotion of their interests; and not
take part in activities known by the Employee to be detrimental to the best
interests of the Companies.

         4.       Compensation.

                  4.1      In consideration for the services to be performed by
the Employee during the Employment Period hereunder, the Company shall
compensate the Employee at a base salary of $320,000.00 per annum (the "Base
Salary"). Such Salary shall be subject to an annual review based on the
Companies' and the Employee's performance.

                                       2
<PAGE>

                  4.2      The Employee shall be eligible to receive, with
respect to each year of the Employment Period, a bonus (the "Bonus") as set
forth in Exhibit A hereto (the "Bonus Plan").

         5.       Reimbursement of Expenses; Additional Benefits.

                  5.1      The Employee shall receive an automobile allowance
for the use of an automobile owned or leased by him in accordance with the
policies and procedures established by the Company from time to time for
executive employees.

                  5.2      The Company shall pay directly, or reimburse the
Employee for, all other reasonable and necessary business expenses and
disbursements incurred by the Employee for or on behalf of the Company in the
performance of his duties under this Agreement. For such purposes, the Employee
shall submit to the Company itemized written reports of such expenses in
accordance with the policies and procedures established by the Company from time
to time.

                  5.3      The Employee shall be entitled to paid vacations
during the Employment Period in accordance with the then prevalent practices of
the Company for its senior executives; provided, however, that Employee shall be
entitled to such paid vacations for not less than four (4) weeks per annum.

                  5.4      During the Employment Period, the Employee shall be
entitled to participate in, and to receive benefits under, such employee benefit
plans of the Company (including, without limitation, pension, profit sharing,
bonus, group life insurance and group medical insurance plans) as may exist from
time to time for the Company's senior executives.

         6.       Representations and Warranties of the Employee.

                  The Employee represents and warrants to the Company that the
Employee is under no contractual or other restriction or obligation which
conflicts with, violates or is inconsistent with the execution of this
Agreement, the performance of his duties hereunder or the other rights of the
Company hereunder.

         7.       Non-Competition.

                  During the Employment Period (including any extensions or
renewals thereof), including any unexpired portion thereof, and for a period of
five (5) years thereafter, the Employee shall not, directly or indirectly, own,
manage, operate, join, control, participate in, invest in or otherwise be
connected or associated with, in any manner, including, without limitation, as
an officer, director, employee, distributor, independent contractor, independent
representative, partner, consultant, advisor, agent, proprietor, trustee or
investor, any Competing Business located in any state or region (including
foreign jurisdictions) where any of the Companies currently conduct business or
is considering doing business; provided, however, that ownership of 1% or less
of the stock or other securities of a corporation, the stock of which is listed
on a national securities exchange or is quoted on The Nasdaq Stock Market's
National Market, shall not constitute a breach of this Section 7, so long as the
Employee does not in fact have the power to control, or direct the management
of, or is not otherwise engaged in activities with, such corporation.

                                       3
<PAGE>

                  For purposes hereof, the term "Competing Business" shall mean
any business or venture which is engaged, directly or indirectly, in (i)
developing, manufacturing, marketing, selling and/or distributing (including
wholesale distribution) of automobile or truck glass or windshields or other
glass products utilized in vehicles; repairing, replacing or installing
automobile or truck glass or windshields or other glass products utilized in
vehicles; or providing any third party claims or other administrative services
related to repairing, replacing or installing automobile or truck glass or
windshields or other glass products utilized in vehicles; or selling or
installing those kinds of automobile or truck accessories sold by any of the
Companies, (ii) any other business engaged in or actively being developed by any
of the Companies, or (iii) any other business which is substantially similar to
the whole or any significant part of the business conducted by the Companies.

         8.       No Solicitation.

                  During the Employment Period (including any extensions or
renewals thereof), including any unexpired portion thereof, and for a period of
five (5) years thereafter, the Employee shall not, directly or indirectly,
including on behalf of, for the benefit or, or in conjunction with, any other
person or entity, (i) solicit, assist, advise, influence, induce or otherwise
encourage in any way, any employee of any of the Companies to terminate its
relationship with any of the Companies for any reason, nor assist any person or
entity in doing so, or employ, engage or otherwise contract with any employee or
former employee of any of the Companies in a Competing Business or any other
business unless such former employee shall not have been employed by any of the
Companies for a period of at least one year, (ii) interfere in any manner with
the relationship between any employee and any of the Companies or (iii) contact,
service or solicit any existing clients, customers or accounts of any of the
Companies on behalf of a Competing Business, either as an individual on his own
account, as an investor, or as an officer, director, partner, joint venturer,
consultant, employee, agent or salesman or any other person or entity.

         9.       Confidential Information.

                  9.1      "Confidential Information" shall mean confidential
records and information, including, but not limited to, development, marketing,
purchasing, organizational, strategic, financial, managerial, administrative,
manufacturing, production, distribution and sales information, distribution
methods, data, specifications and processes (including the Transferred Property
as hereinafter defined) presently owned or at any time hereafter developed by
any of the Companies or its agents or consultants or used presently or at any
time hereafter in the course of the business of any of the Companies, that are
not otherwise part of the public domain.

                  9.2      The Employee hereby sells, transfers and assigns to
the Company, or to any person or entity designated by the Company, all of his
entire right, title and interest in and to all inventions, ideas, methods,
developments, disclosures and improvements (the "Inventions"), whether patented
or unpatented, and copyrightable material, and all trademarks, trade names, all
goodwill associated therewith and all federal and state registrations or
applications thereof, made, adopted or conceived by solely or jointly, in whole
or in part (collectively, the "Transferred Property"), prior to or during the
Employment Period which (i) relate to methods, apparatus, designs, products,
processes or devices sold, leased, used or under construction or development by
any of the Companies or (ii) otherwise relate to or pertain to the business,
products, services, functions or operations of any of the Companies. The
Employee shall make adequate written records of all Inventions, which records
shall be the Company's

                                       4
<PAGE>

property and shall communicate promptly and disclose to the Company, in such
form as the Company requests, all information, details and data pertaining to
the aforementioned Inventions. Whether during the Employment Period or
thereafter, the Employee shall execute and deliver to the Company such formal
transfers and assignments and such other papers and documents as may be required
of the Employee to permit the Company, or any person or entity designated by the
Company, to file and prosecute patent applications (including, but not limited
to, records, memoranda, or instruments deemed necessary by the Company for the
prosecution of a patent application or the acquisition of letters patent in the
United States, foreign countries or otherwise) and, as to copyrightable
material, to obtain copyrights thereon, and as to trademarks, to record the
transfer of ownership of any federal or state registrations or applications.

                  9.3      All such Confidential Information is considered
secret and will be disclosed to the Employee in confidence, and the Employee
acknowledges that, as a consequence of his employment and position with the
Company, the Employee may have access to and become acquainted with Confidential
Information. Except in the performance of his duties as an employee of the
Company, the Employee shall not, during the Employment Period and at all times
thereafter, directly or indirectly for any reason whatsoever, disclose or use
any such Confidential Information. All records, files, drawings, documents,
equipment and other tangible items, wherever located, relating in any way to or
containing Confidential Information, which the Employee has prepared, used or
encountered or shall in the future prepare, use or encounter, shall be and
remain the Company's sole and exclusive property and shall be included in the
Confidential Information. Upon termination of this Agreement, or whenever
requested by the Company, the Employee shall promptly deliver to the Company any
and all of the Confidential Information and copies thereof, not previously
delivered to the Company, that may be in the possession or under the control of
the Employee. The foregoing restrictions shall not apply to the use, divulgence,
disclosure or grant of access to Confidential Information to the extent, but
only to the extent, (i) expressly permitted or required pursuant to any other
written agreement between the Employee and the Company, (ii) such Confidential
Information has been publicly disclosed (not due to a breach by the Employee of
his obligations hereunder, or by breach of any other person, of a fiduciary or
confidential obligation to any of the Companies) or (iii) the Employee is
required to disclose Confidential Information by or to any court of competent
jurisdiction or any governmental or quasi-governmental agency, authority or
instrumentality of competent jurisdiction, provided, however, that the Employee
shall, prior to any such disclosure, immediately notify the Company of such
requirement and provided further, however, that the Company shall have the
right, at its expense, to object to such disclosures and to seek confidential
treatment of any Confidential Information to be so disclosed on such terms as it
shall determine.

         10.      Acknowledgement; remedies; survival of this Agreement.

                  10.1     The Employee acknowledges that violation of any of
the covenants and provisions set forth in this Agreement would cause the Company
irreparable damage and agrees that the Company's remedies at law for a breach or
threatened breach of any of the provisions of this Agreement would be inadequate
and, in recognition of this fact, in the event of a breach or threatened breach
by the Employee of any of the provisions of this Agreement, it is agreed that,
in addition to the remedies at law or in equity, the Company shall be entitled,
without the posting of a bond, to equitable relief in the form of specific
performance, a temporary restraining order, temporary or permanent injunction,
or any other equitable remedy which may then be available for the purposes of
restraining the Employee from any actual or threatened breach of such covenants.
Without limiting the generality of the foregoing, if the Employee breaches or
threatens to breach Sections 7, 8, or 9 hereof, such breach or threatened breach
will entitle the Company to enjoin the Employee from disclosing any Confidential
Information to any

                                       5
<PAGE>

Competing Business, to enjoin any Competing Business from retaining the Employee
or using any such Confidential Information, to enjoin the Employee from engaging
in any activities prohibited by Section 8 thereof and/or to enjoin the Employee
from rendering personal services to or in connection with any Competing
Business. The rights and remedies or the parties hereto are cumulative and shall
not be exclusive, and each such party shall be entitled to pursue all legal and
equitable rights and remedies and to secure performance of the obligations and
duties or the other under this Agreement, and the enforcement of one or more of
such rights and remedies by a party shall in no way preclude such party from
pursuing, at the same time or subsequently, any and all other rights and
remedies available to it.

                  10.2     The provisions of this Agreement shall survive the
termination of the Employee's employment with the Company.

         11.      Termination of Employment.

                  11.1     Termination. The Company may terminate the Employee's
employment for Cause (as hereinafter defined), in which case the provisions of
Section 11.2 shall apply. The Company may also terminate the Employee's
employment in the event of the Employee's death or Disability (as herein
defined), in which case the provisions of Section 11.3 shall apply. The Company
may also terminate the Employee's employment for any other reason by written
notice to the Employee, in which case the provisions of Section 11.4 shall
apply. If the Employee's employment is terminated by reason of the Employee's
resignation, the provisions of Section 11.2 shall apply, provided that no
termination of this Agreement shall relieve the Employee from liability for any
breach of this Agreement or defeat or impair the right of the Company to pursue
such relief as may otherwise be available to it as a result of any breach of
this Agreement or any term, provision or covenant contained herein.

                  11.2     Termination for Cause; Resignation. Notwithstanding
anything to the contrary contained herein, in the event that the Employee's
employment hereunder is terminated during the Agreement Term (x) by the Company
for Cause or (y) by reason of the Employee's resignation, then the Company shall
pay to the Employee, within thirty (30) days of the date of such termination,
only the Base Salary through such date of termination. For purposes of this
Agreement, "Cause" shall mean (i) conviction of, or plea of nolo contendere (no
contest) to, any crime (whether or not involving the Company) constituting a
felony in the jurisdiction involved; (ii) engaging in any act involving moral
turpitude; (iii) conduct related to the Employee's employment for which either
significant criminal or civil penalties against the Employee or any of the
Companies may be sought; (iv) gross neglect in the performance of the Employee's
duties hereunder; (v) misconduct in the performance of the Employee's duties
hereunder, which misconduct continues after notice thereof is given to the
Employee by the Board of Directors of the Company; (vi) willful failure or
refusal to perform such duties as may be delegated to the Employee commensurate
with the Employee's position, which misconduct continues after notice thereof is
given to the Employee by the Board of Directors of the Company; (vii) material
violation of the Company's policies, including, without limitation, those
relating to sexual harassment, the disclosure or misuse of Confidential
Information (as hereinafter defined), or those set forth in Company manuals or
statements of policy, which violation continues after notice thereof is given to
the Employee by the Board of Directors of the Company; (viii) engaging in any
conduct which is materially injurious or materially damaging to any of the
Companies or the reputation of any of the Companies; or (ix) material breach of
any provision of this Agreement by the Employee.

                                       6
<PAGE>

                  11.3     Death or Disability. If, as a result of the
Employee's incapacity due to physical or mental illness, the Employee shall have
been absent from the Employee's duties hereunder for either (i) one hundred and
eighty (180) days within any three hundred sixty five (365) day period, or (ii)
one hundred and twenty (120) consecutive days, and within thirty (30) days after
written notice of termination is given shall not have returned to the
performance of the Employee's duties hereunder on a full time basis, the Company
may terminate the Employee's employment hereunder for "Disability". In the
event, this Agreement is terminated by reason of the Employee's death or
Disability, the Company shall pay to the Employee (i) the Base Salary for a
period of twelve (12) months, but in no event beyond November 16, 2004 unless
Employment Period has been extended then to the end of such current Employment
Period, which Base Salary shall be paid commencing with such date of termination
at the times and in the amounts such Base Salary would have been paid, and (ii)
the amount of any Bonus payable under the Bonus Plan through such date of
termination, which Bonus, if any, shall be payable at the time provided in the
Bonus Plan. During any period that the Employee fails to perform the Employee's
duties hereunder as a result of incapacity due to physical or mental illness (a
"Disability Period"), the Employee shall continue to receive the compensation
and benefits provided by Section 5.4 hereof until the Employee's employment
hereunder is terminated; provided, however, that the amount of compensation and
benefits received by the Employee during the Disability Period shall be reduced
by the aggregate amounts, if any, payable to the Employee pursuant to Section
5.4 hereof or under the Social Security or state disability insurance programs.

                  11.4     Termination By the Company For Any Other Reason. In
the event that the Employee's employment hereunder is terminated by the Company
during the Employment Period for any reason other than as provided in Sections
11.2 or 11.3 hereof, then the Company shall pay to the Employee, (i) within
thirty (30) days of the date of such termination, the Base Salary through such
date of termination, (ii) the amount of any Bonus payable under the Bonus plan
through such date of termination, which Bonus, if any, shall be payable at the
time provided in the Bonus Plan; and (iii) in lieu of any further compensation,
benefits or other amounts for the balance of the Employment Period, severance
payment equal only to the Base Salary that Executive would have otherwise
received during the period beginning on such date of termination and ending on
the earlier of (i) the scheduled termination date of the Employment Period under
this agreement and (ii) such time as Employee obtains other permanent
employment, which severance pay shall be paid commencing with such date of
termination at the times and in the amounts such Base Salary would have been
paid.

         12.      Assignment.

                  This Agreement, as it relates to the employment of the
Employee, is a personal contract and the rights, interests and obligations of
the Employee hereunder may not be sold, transferred, assigned, pledged or
hypothecated. Except as otherwise herein expressly provided, this Agreement
shall be binding upon and inure to the benefit of the Employee and his personal
representatives and shall inure to the benefit of and be binding upon the
Company and its successors and assigns, including without limitation, any
corporation or other entity into which the Company is merged or which acquires
all of the outstanding shares of the Company's capital stock, or all or
substantially all or the assets of the Company. This Agreement may be assigned
by the Company to, any existing or future subsidiary or affiliate of the
Company, any purchaser of all or substantially all of the Company's business or
assets, any successor to the Company or any assignee thereof (whether direct or
indirect, by purchase, merger, consolidation or otherwise).

                                       7
<PAGE>

         13.      Notices.

                  Any notice, request, consent or approval required or permitted
to be given under this Agreement or pursuant to law shall be sufficient if in
writing, and if and when sent by certified or registered mail, return receipt
requested, with postage prepaid, or by a nationally recognized overnight courier
service to the Employee's residence (as reflected in the Company's records or as
otherwise designated by the Employee on thirty (30) days' prior written notice
to the Company) or to the Company's principal executive office, attention:
President (with copies to the General Counsel), as the case may be. All such
notices, requests, consents and approvals shall be effective upon being
deposited in the United States mail or upon delivery to such overnight courier
service. Rejection or other refusal to accept, or the inability to deliver
because of changed address of which no notice was given as provided herein,
shall be deemed to be receipt of the notice, request, consent or approval sent.

                  (a)      if to the Employee:

                           Kenneth Levine
                           RD1 Box 411C
                           Dalton, Pennsylvania 18414

                  (b)      if to the Company:

                           Diamond Triumph Auto Glass, Inc.
                           220 Division Street
                           Kingston, Pennsylvania  18704
                           Attn.: Michael Sumsky, President

         With a copy to:

                           Green Equity Investors II, L.P.
                           C/O Leonard Green & Partners, L.P.
                           11111 Santa Monica Blvd., Suite 2000
                           Los Angeles, California  90025
                           Attn.: Jonathan Seiffer

or to such other address as any such party shall designate by written notice to
the other party.

         14.      Non-waiver.

                  Neither any course of dealing nor any failure or neglect of
either party hereto in any instance to exercise any right, power or privilege
hereunder or under law shall constitute a waiver of any other right, power or
privilege or of the same right, power or privilege in any other instance. All
waivers by either party hereto must be contained in a written instrument signed
by the party to be charged and, in the case of the Company, by its duly
authorized officer.

                                       8
<PAGE>

         15.      Entire Agreement.

                  This Agreement contains the entire agreement of the parties
relating to the subject matter hereof and supersede all prior agreements and
understandings between them.

         16.      Severability; Reasonableness of Agreement.

                  If any term, provision or covenant of this Agreement or part
thereof, or the application thereof to any person, place or circumstance shall
be held to be invalid, unenforceable or void by a court of competent
jurisdiction, the remainder of this Agreement and such term, provision or
covenant shall remain in full force and effect, and any such invalid,
unenforceable or void term, provision or covenant shall be deemed, without
further action on the part of the parties hereto, modified, amended and limited,
and the court shall have the power to modify, amend and limit any such term,
provision or covenant, to the extent necessary to render the same and the
remainder of this Agreement valid, enforceable and lawful. In this regard, the
Employee understands that the provisions of Sections 7, 8, 9, and 10 may limit
his ability to earn a livelihood in a business similar or related to the
business of the Company, but nevertheless agrees and acknowledges that (i) the
provisions of Sections 7, 8, 9, and 10 hereof are reasonable and necessary for
the protection of the Company, and do not impose a greater restraint than is
necessary to protect the goodwill or other business interests of the Company and
(ii) such provisions contain reasonable limitations as to the time and the scope
of activity to be restrained. In consideration of the foregoing and in light of
the Employee's education, skills and abilities, the Employee agrees that all
defenses by the Employee to the strict enforcement of such provisions are hereby
waived by the Employee.

         17.      Headings.

                  The headings of the sections of this Agreement are provided
for convenience only and are intended to have no effect in construing or
interpreting this Agreement.

         18.      Governing Law.

                  This Agreement, including the validity, interpretation,
construction and performance of this Agreement, shall be governed by and
construed in accordance with the internal laws of the State of New York, without
regard to principles of conflicts of law. All actions and proceedings relating
directly or indirectly to this Agreement shall be litigated in any state court
or federal court located in New York, New York. The parties hereto expressly
consent to the jurisdiction of any such court and to venue therein and consent
to the service of process in any such action or proceeding by certified or
registered mailing of the summons and complaint therein directed to the Employee
or the Company at the address as provided in Section 13 hereof.

         19.      Amendment.

                  This Agreement may be amended only by a writing which makes
express reference to this Agreement as the subject of such amendment and which
is signed by the Employee and, on behalf of the Company, by its duly authorized
officer.

                                       9
<PAGE>

         20.      Costs and Expenses

                  Each party shall pay all of its own costs and expenses,
including reasonable legal fees, in connection with the execution, delivery,
performance and compliance with this Agreement by such party. If an action or
proceeding is commenced by a party to enforce or interpret any provision of this
Agreement, the non-prevailing party shall promptly reimburse the prevailing
party for the prevailing party's reasonable costs and expenses of such action or
proceeding, including reasonable attorney's fees.

         21.      Counterparts

                  This Agreement may be executed in one or more counterparts,
all of which together shall be deemed one original.

         (THE BALANCE OF THIS PAGE IS INTENTIONALLY LEFT BLANK.)

                                       10
<PAGE>

         IN WITNESS WHEREOF, the undersigned has duly executed this Agreement as
of the date and year first written above.

                                   DIAMOND TRIUMPH AUTO GLASS, INC.

                                   BY: /s/ Richard Rutta
                                       --------------------------------
                                       NAME:  RICHARD RUTTA
                                       TITLE: CO-CHAIRMAN

                                       /s/ Kenneth Levine
                                      ----------------------------------
                                           KENNETH LEVINE

                                       11
<PAGE>

                                    EXHIBIT A

         1.       Bonus Awards. The Employee shall be entitled to a
discretionary Performance Bonus based on certain financial criteria as
determined by the Board of Directors in consultation with the Employee.

         2.       Performance Year. Each calendar year beginning with January 1,
1998 shall be a "Performance Year." If the Employee is employed by the Company
for a part of a Performance Year, he shall receive a bonus equal to the bonus he
would have received had he been employed for the entire Performance Year,
multiplied by a fraction, the numerator of which is the number of days he was
employed by the Company during such Performance Year and the denominator of
which is 365; provided, that if the Employee's employment is terminated prior to
the end of the Performance Year by the Company for Cause or the Employee
resigns, no bonus shall be made for the Performance Year (or part hereof) in
which the Employee's employment was terminated or in which the Employee resigns.

         3.       Definitions. Capitalized terms not otherwise defined herein
have the meanings set forth in the Employment Agreement dated March 31, 1998
between the Company and the Employee to which this Exhibit A is annexed.

         4.       EBITDA.

                  (a)      As used herein, "EBITDA" means, for any period, Net
Income for such period, plus, without duplication and to the extent deducted
from revenues in determining Net Income, the sum of (a) the aggregate amount of
interest expense for such period, (b) the aggregate amount of income tax expense
for such period, (c) all amounts attributable to depreciation and amortization
expense for such period, (d) the Fee (as defined in the Second Amended and
Restated Stock Purchase and Sale Agreement dated as of January 15, 1998 by and
among VGMC Corp., Green Equity Investors II, L.P., the Company, Triumph Auto
Glass, Inc., Diamond Auto Glass Works, inc., A Above Average Glass Company By
Diamond, Inc., A-AA Triumph Auto Glass, Inc., Scranton Holdings, Inc.,
Diamond/Triumph Auto Export Sales Co. Inc., A-Auto Glass By Triumph Inc., and
A-Auto Glass Company By Diamond, Inc., Kenneth Levine and Richard Rutta; the
"Stock Purchase Agreement") and any fees paid in respect of the Management
Services Agreement dated March 31, 1998 between the Company and Leonard Green &
Partners, L.P., (e) subject to the approval of the Board of Directors of the
Company, any extraordinary or non-recurring loss, (f) any loss arising from the
sale of capital assets or arising out of any sale of capital stock of the
Companies, (g) the fees and expenses of legal counsel, investment bankers and
accountants for the Company incurred in connection with the transactions
contemplated by the Stock Purchase Agreement, and (h) any loss arising from an
acquisition of a company which is not approved by Messrs. Levine and Rutta if
such acquired company is engaged in a line of business other than the principal
lines of business (including related extensions thereof) of the Companies as of
the date of this Agreement, and minus, without duplication and to the extent
added to revenues in determining Net Income for such period, (i) subject to the
approval of the Board of Directors of the Company, any extraordinary or
non-recurring gain, (ii) any gain arising from the sale of capital assets or
arising out of any sale of capital stock of any of the Companies, and (iii) any
gain arising from an acquisition of a company which is not approved by Messrs.
Levine and Rutta if such acquired company is engaged in a line of business other
than the principal lines of business (including related extensions thereof) of
the Companies as of the date of this Agreement, all as determined on a
consolidated basis with respect to the Company and its subsidiaries in
accordance with generally accepted accounting principles consistent with past
practice, except as otherwise contemplated by the Stock Purchase Agreement.

                                       12
<PAGE>

                  (b)      As used herein, "Net Income" means for any period,
net income or loss of the Company and its subsidiaries for such period
determined on a consolidated basis in accordance with generally accepted
accounting principles, provided that there shall be excluded the income or loss
of any person accrued before that date it becomes a subsidiary or is merged into
or consolidated with the Company or any of its subsidiaries or the date that
person's assets are acquired by the Company or any of its subsidiaries.

                  (c)      The final determination of EBITDA with respect to any
Performance Year shall be subject to the affirmative approval (the "Approval) of
the Board of Directors of the Company and the Employee. In the event that the
Approval is not obtained within fourteen (14) days after completion of the
Company's audited financial statements for such Performance Year, the Company's
auditors shall make such determination of EBITDA in respect of such Performance
Year, provided that the Board of Directors of the Company and the Employee shall
determine with respect to the bonus for such Performance Year the amount not in
dispute by reason of such lack of Approval.

         5.       Time of Payment. Each bonus shall be paid no later than the
fourteenth (14th) day (assuming Approval is obtained or, assuming Approval is
not obtained, as to the undisputed amount), or the thirtieth (30th) day assuming
Approval is not obtained, as to the disputed amount), after completion of the
Companies' audited financial statements for such Performance Year.

         6.       No Assignments. Employee may not assign a bonus without the
prior written consent of the Board of Directors of the Company. Any attempted
assignment without such consent shall be null and void. For purposes of this
paragraph, any designation of, or payment to, a beneficiary designated to
receive such bonus in the event of the Employee's death, shall not be deemed an
assignment.

         7.       Unfunded Incentive Compensation Arrangement. The bonus
arrangement provided for herein and in the Employment Agreement is intended to
constitute an unfounded incentive compensation arrangement and nothing contained
in the bonus arrangement provided for herein and in the Employment Agreement
shall create or be construed to create a trust of any kind. All bonuses shall be
paid from the general funds of the Company, and no special or separate fund
shall be established and no segregation of assets shall be made to assure
payment of such awards.

         8.       Governing Law. The bonus provided for herein and in the
Employment Agreement shall be construed and governed in accordance with the
internal laws of the State of New York, without regard to principles of conflict
of laws.

         9.       No Right to Specific Assets. There shall not vest in Employee
any right, title, or interest in and to any specific assets of the Company.

                                       13

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