Document:

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                                                                   EXHIBIT 10.26

                             EMPLOYMENT AGREEMENT
                             --------------------

     THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into on
______________, 2000, by and between Waypoint Financial Corp., a Pennsylvania
corporation (the "Company"), with its principal office located in Harrisburg,
Pennsylvania, and James H. Moss, a resident of York, Pennsylvania ("Executive").
Any reference herein to the "Bank" shall refer to Waypoint Bank, a wholly-owned
subsidiary of the Company.

     WHEREAS, the Company and Executive wish to enter into an Employment
Agreement to evidence the terms and conditions of Executive's appointment as the
Chief Financial Officer and to provide for Executive's employment by the
Company, upon the terms and conditions set forth herein:

     NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:

     1.   Employment.  The Company hereby agrees to employ Executive, and
          ----------
Executive hereby accepts such employment and agrees to perform his duties and
responsibilities, in accordance with the terms, conditions and provisions
hereinafter set forth.

     1.1. Employment Term.  The term of Executive's employment under this
          ---------------
Agreement shall commence on ______________, 2000 (the "Effective Date") and
shall continue for thirty-six (36) consecutive months, or until ____________,
2003, (the "Employment Term").  At the expiration of the Employment Term, the
Company (or the Bank) and the Executive shall enter into a change in control
agreement substantially in the form attached hereto as Exhibit A.

     1.2. Duties and Responsibilities.  The Company hereby appoints Executive as
          ---------------------------
the Chief Financial Officer of Company.  During the Employment Term, Executive
shall perform all duties and accept all responsibilities incident to the
position of a senior executive officer of Company as may be assigned to him by
the Board.

     1.3. Extent of Service.  During the Employment Term, Executive agrees to
          -----------------
use his best efforts to carry out his duties and responsibilities under Section
1.2 hereof and, consistent with the other provisions of this Agreement, to
devote substantially all his business time, attention and energy thereto. The
foregoing shall not be construed as preventing Executive from continuing in any
director capacities in which he is currently involved or from making investments
in other businesses or enterprises provided that Executive agrees not to engage
in any other business activity which, in the reasonable judgment of the Board,
is likely to interfere with his ability to discharge his duties and
responsibilities to the Company. Executive further agrees not to accept any new
positions on either a part time or independent contracting basis for any other
business or enterprise during the Employment Term without the prior written
consent of the Board.
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     1.4. Base Salary.  For all the services rendered by Executive hereunder,
          -----------
the Company shall pay Executive a base salary ("Base Salary") in cash
compensation, commencing on the Effective Date, at the annual rate of
$____________, payable in installments at such times as the Company customarily
pays its other senior level executives (but in any event no less often than
monthly). Executive's Base Salary shall be reviewed annually for appropriate
adjustment (but shall not be reduced below the then current level) by the Board
pursuant to its normal performance review policies for senior level executives.

     1.5. Retirement and Benefit Coverages and Perquisite.  During the
          -----------------------------------------------
Employment Term, Executive shall be entitled to participate in all (a) employee
pension and retirement plans and programs ("Retirement Plans") and (b) welfare
benefit plans and programs ("Benefit Coverages"), in each case made available to
the Company's or the Bank's employees generally, as such Retirement Plans or
Benefit Coverages may be in effect from time to time.  Executive shall also be
entitled to an automobile, country club initiation fees, dues and assessments
and any other executive perquisites, all in accordance with the Company's policy
for senior executives.

     1.6. Reimbursement of Expenses and Vacation.  Executive shall be provided
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with reimbursement of expenses related to his employment by the Company on a
basis no less favorable than that which may be authorized from time to time for
senior level executives as a group, and entitled to vacation (five (5) weeks
beginning in calendar year 2001) and holidays in accordance with the Company's
normal personnel policies for senior level executives.

     1.7. Short-Term Incentive Compensation.  Executive shall be entitled to
          ---------------------------------
participate in any short-term incentive compensation programs established by the
Company for its senior level executives generally.  Bonuses under any short-term
incentive compensation programs shall be based upon achievement of certain
annual individual or business performance objectives specified and approved by
the Board (or a Committee thereof) in its sole discretion.

     1.8  Long-Term Incentive Compensation; Stock Options.  Executive shall also
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be entitled to participate on a basis consistent with other comparably situated
executives in all incentive compensation programs including but not limited to
stock options and recognition plans, established by the Company for its senior
level executives. Bonuses under such programs shall be based upon achievement of
certain individual or business performance objectives specified and approved by
the Board (or a Committee thereof) in its sole discretion.

     2.   Confidential Information.  Executive recognizes and acknowledges that
          ------------------------
by reason of his employment by and service to the Company during and, if
applicable, after the Employment Term, he will have access to certain
confidential and proprietary information relating to the Company's business,
which may include, but is not limited to, trade secrets, trade "know-how",
customer information, supplier information, cost and pricing information,
marketing and sales techniques, strategies and programs, computer programs and
software and financial information (collectively referred to as "Confidential
Information"). Executive acknowledges that such Confidential Information is a
valuable and unique asset of the Company and Executive covenants that he will
not, unless expressly authorized in writing by the Board, at any time during the
course of his employment

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use any Confidential Information or divulge or disclose any Confidential
Information to any person, firm or corporation except in connection with the
performance of his duties for the Company and in a manner consistent with the
Company's policies regarding Confidential Information. Executive also covenants
that at any time after the termination of such employment, he will not, directly
or indirectly, use any Confidential Information or divulge or disclose any
Confidential Information to any person, firm or corporation, unless such
information is in the public domain through no fault of Executive or except when
required to do so by a court of law, by any governmental agency having
supervisory authority over the business of the Company or by any administrative
or legislative body (including a committee thereof) with apparent jurisdiction
to order him to divulge, disclose or make accessible such information in which
case Executive will inform the Company in writing promptly of such required
disclosure, but in any event at least two business days prior to disclosure. All
written Confidential Information (including, without limitation, in any computer
or other electronic format) which comes into Executive's possession during the
course of his employment shall remain the property of the Company. Except as
required in the performance of Executive's duties for the Company, or unless
expressly authorized in writing by the Board, Executive shall not remove any
written Confidential Information from the Company's premises, except in
connection with the performance of his duties for the Company and in a manner
consistent with the Company's policies regarding Confidential Information. Upon
termination of Executive's employment, Executive agrees immediately to return to
the Company all written Confidential Information in his possession.

     3.   Non-Compete Obligation. Executive agrees that during the term of this
          ----------------------
Agreement and for a period of two years after the end of the initial Employment
Term (i.e., through _________, 2005) Executive shall not, directly or
indirectly, engage (as principal, partner, director, officer, agent, employee,
or owner, with or without compensation) in any line of business that the Company
or the Bank is involved (including, but not limited to, the providing of
wholesale banking services, consumer financial services,  retail banking, trust
and investment management services, secured and unsecured loan and financing
services, real estate financing services, asset and investment management and
fiduciary services, cash management services, and consumer and commercial credit
card services), within sixty miles of Harrisburg, Pennsylvania.

     Executive shall not entice or solicit, directly or indirectly, any other
executives or key management personnel of the Company (or any subsidiary) to
work with Executive or any entity with which Executive has affiliated for a
period of two years after the end of the Employment Term or for any period that
Executive provides consulting services to the Company, whichever is longer.
Executive shall also not entice or solicit, directly or indirectly, any client
or customer of the Company (or any subsidiary) for any competitor or in any
competitive activity for a period of two years after the end of the Employment
Term or for any period that Executive provides consulting services to the
Company, whichever is longer.

     The foregoing restriction shall not be construed to prohibit Executive from
owning less than five percent (5%) of any class of securities of any corporation
located in Maryland, Pennsylvania or New Jersey which is engaged in any of the
foregoing businesses having a class of securities registered pursuant to the
Securities Exchange Act of 1934, provided that such ownership represents a
passive

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investment and that neither Executive nor any group of persons including
Executive in any way, either directly or indirectly, manages or exercises
control of any such corporation, guarantees any of its financial obligations,
otherwise takes part in its business, other than exercising his rights as a
shareholder, or seeks to do any of the foregoing.

     4.   Enforcement of Obligations.  Executive acknowledges that the
          --------------------------
restrictions contained in Sections 2 and 3 are reasonable and necessary to
protect the legitimate interests of the Company, that the Company would not have
entered into this Agreement in the absence of such restrictions, and that any
violation of any provision of those Sections will result in irreparable injury
to the Company.  Executive further represents and acknowledges that (i) he has
been advised by the Company to consult his own legal counsel with respect to
this Agreement; and (ii) that he has, prior to execution of this Agreement,
reviewed thoroughly this Agreement with his counsel.  Executive agrees that the
Company shall be entitled to preliminary and permanent injunctive relief,
without the necessity of proving actual damages, as well as to an equitable
accounting of all earnings, profits and other benefits arising from any
violations of Sections 2 and 3, which rights shall be cumulative and in addition
to any other rights or remedies to which the Company may be entitled.  In the
event that any of the provisions of Sections 2 and 3 should ever be adjudicated
to exceed the time, geographic, product or service, or other limitations
permitted by applicable law in any jurisdiction, then such provisions shall be
deemed reformed in such jurisdiction to the maximum time, geographic, product or
service, or other limitations permitted by applicable law. Executive irrevocably
and unconditionally (i) agrees that any suit, action or other legal proceeding
arising out of this Agreement in which any party is seeking in whole or in part
any form of equitable relief, including without limitation, any action commenced
by the Company for preliminary and permanent injunctive relief and other
equitable relief, may be brought in any court of competent jurisdiction in
Dauphin County, Pennsylvania; (ii) consents to the non-exclusive jurisdiction of
any court in any such suit, action or proceeding; and (iii) waives any objection
which Executive may have to the laying of venue of any such suit, action or
proceeding in any such court.  Executive also irrevocably and unconditionally
consents to the service of any process, pleadings, notices or other papers in a
manner permitted by the notice provisions of Section 10.

     5    Termination.  The Employment Term shall terminate upon the occurrence
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of any one of the following events:

     5.1. Disability.  The Company may terminate the Employment Term if
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Executive is unable substantially to perform his duties and responsibilities
hereunder to the full extent required by the Board by reason of illness, injury
or incapacity for six consecutive months, or for more than six months in the
aggregate during any period of twelve calendar months which shall not be deemed
to prejudice Executive's rights to receive long-term disability benefit under
any Company plan; provided, however, that the Company shall continue to pay
Executive his Base Salary until the Company acts to terminate the Employment
Term.  In addition, Executive shall be entitled to receive (i) any other amounts
earned, accrued or owing but not yet paid under Section 1 above and (ii) any
other benefits, in accordance with the terms of any applicable plans and
programs of the Company including the health coverage described in Section 5.4.
Otherwise, the Company shall have no further liability or obligation to
Executive for compensation under this Agreement. Executive agrees, in the event
of a

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dispute under this Section 5. 1, to submit to a physical examination by a
licensed physician selected by the Board.

     5.2. Death.  The Employment Term shall terminate in the event of
          -----
Executive's death.  In such event, the Company shall pay to Executive's
executors, legal representatives or administrators, as applicable, an amount
equal to the installment of his Base Salary set forth in Section 1.4 hereof for
the month in which he dies.  In addition, (i) Executive's estate shall be
entitled to receive any other amounts earned, accrued or owing but not yet paid
under Section 1 above and (ii) any other benefits, in accordance with the terms
of any applicable plans and programs of the Company and Executive's spouse shall
be entitled to the health coverage described in Section 5.4 until she attains
age 65 or eligibility for Medicare, if later.  Otherwise, the Company shall have
no further liability or obligation under this Agreement to his executors, legal
representatives, administrators, heirs or assigns or any other person claiming
under or through him.

     5.3. Cause.  The Company may terminate the Employment Term, at any time,
          -----
for "cause" upon 30 days' written notice, in which event all payments under this
Agreement shall cease, except for Base Salary to the extent already accrued, and
any other vested benefits to which Executive is entitled by applicable law, in
accordance with the terms of any applicable plans and programs of the Company.
For purposes of this Agreement, termination for cause shall include termination
because of Executive's personal dishonesty, incompetence, willful misconduct,
breach of fiduciary duty involving personal profit, intentional failure to
perform stated duties, willful violation of any law, rule, or regulation (other
than traffic violations or similar offenses) or final cease-and-desist order or
material breach of any provision of this Agreement.  For purposes of this
Agreement, an act or omission on the part of Executive shall be deemed "willful"
only if it was not due primarily to an error in judgment or negligence and was
done by Executive not in good faith and without reasonable belief that the act
or omission was in the best interest of the Company.

     5.4. Termination Without Cause.  The Company may remove Executive, at any
          -------------------------
time without cause from the position in which he is employed hereunder,
including a change in the duties specified in Section 1.2; provided, however,
that, in the event that such notice is given, Executive shall be under no
obligation to render any additional services to the Company and subject to the
provisions of Sections 2 and 3, shall be allowed to seek other employment.  Upon
any such removal, Executive shall be entitled to receive a single lump sum
payment within 30 days equal to two times his Base Salary reduced by the
aggregate Base Salary that has been paid to Executive under this Agreement up to
the time of his termination without cause.  No other payments or benefits shall
be due under this Agreement to Executive, but Executive shall be entitled to any
other vested benefits in accordance with the terms of any applicable plans and
programs of the Company.

     5.5. Required Provisions.  If Executive is suspended from office and/or
          -------------------
temporarily prohibited from participating in the conduct of the Bank's affairs
by a notice served under section 8(e)(3) or (g)(1) of the Federal Deposit
Insurance Act (12 U.S.C. 1818(e)(3) and (g)(1)), as amended by the Financial
Institutions Reform, Recovery and Enforcement Act of 1989, the Bank's
obligations under this Agreement shall be suspended as of the date of service
unless stayed by appropriate proceedings.  If the charges in the notice are
dismissed, the Bank may in its discretion (i) pay

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Executive all or part of the compensation withheld while its contract
obligations were suspended and (ii) reinstate (in whole or in part) any of its
obligations which were suspended.

     If Executive is removed and/or permanently prohibited from participating in
the conduct of the Bank's affairs by an order issued under section 8(e)(4) or
(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(4) and (g)(1)),
as amended by the Financial Institutions Reform, Recovery and Enforcement Act of
1989, all obligations of the Bank under this Agreement shall terminate as of the
effective date of the order, but vested rights of the contracting parties shall
not be affected. In the case of termination or removal of the Executive by an
order issued under section 8(e)(4) of the Federal Deposit Insurance Act (12
U.S.C. 1818(e)(4)), as amended by the Financial Institutions Reform, Recovery
and Enforcement Act of 1989, the Company shall, if it deems the reinstatement of
the Executive to his former position to be in the best interest of the Company,
use its best efforts to appeal and overturn such order.

     If the Bank is in default (as defined in section 3(x)(1) of the Federal
Deposit Insurance Act as amended by the Financial Institutions Reform, Recovery
and Enforcement Act of 1989), all obligations under this Agreement shall
terminated as of the date of default, but this paragraph shall not affect any
vested rights of the contracting parties.

     All obligations under this Agreement shall be terminated, except to the
extent determined that continuation of this Agreement is necessary for the
continued operation of the Bank:

     (i)  by the Office of Thrift Supervision ("OTS"), at the time the Federal
          Deposit Insurance Corporation enters into an agreement to provide
          assistance to or on behalf of the Bank under the authority contained
          in section 13(c) (12 U.S.C. (S)1823(c)) of the Federal Deposit
          Insurance Act; or

     (ii) by the OTS, at the time the OTS approves a supervisory merger to
          resolve problems related to operation of the Bank or when the Bank is
          determined by the OTS to be in an unsafe or unsound condition.

     Any payments made to Executive pursuant to this Agreement, or otherwise,
are subject to and conditioned upon their compliance with 12 U.S.C. 1828(k) and
any regulations promulgated thereunder.

     5.6. Voluntary Termination.  Executive may voluntarily terminate the
          ---------------------
Employment Term upon 60 days' prior written notice for any reason.  If such
voluntary termination occurs within two years of the Effective Date, Executive
shall be entitled to receive a single lump sum payment within 30 days of such
voluntary resignation equal to two times his Base Salary, reduced by the
aggregate Base Salary that has been paid to Executive under this Agreement up to
the time of his voluntary resignation.  In addition, Executive shall be entitled
to any vested benefits due in accordance with the terms of any applicable plan
and programs of the Company.  A Voluntary Termination under this Section 5.6
shall not be deemed a breach of this Agreement.

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     6.   Payments Upon a Change in Control.
          ---------------------------------

     6.1. Definitions.  For all purposes of this Section 6, the following terms
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shall have the meanings specified in this Section 6.1 unless the context
otherwise clearly requires:

     (a)  "Affiliate" and "Associate" shall have the respective meanings
ascribed to such terms in Rule 12b-2 of the General Rules and Regulations under
the Securities Exchange Act of 1934, as amended (the "Exchange Act").

     (b)  "Base Compensation" shall mean the total cash remuneration received by
Executive in all capacities with the Company, and its Affiliates, including
current annualized base salary and all short-term annual incentives at the
target level, and reported (or as would be reported) for Federal income tax
purposes on Form W-2, together with any and all salary deferrals under any of
the Company's benefit plans or programs, for the most recent full calendar year
immediately preceding the calendar year in which occurs a Change of Control, or
the calendar year in which occurs a Change of Control, whichever is higher.

     (c)  "Beneficial Owner" shall have the meaning ascribed to such term in
     Section 13(d)(3)
of the Exchange Act.

     (d)  "Change of Control" shall mean an event of a nature that: (i) would be
required to be reported in response to Item 1 of the current report on Form 8-K,
as in effect on the Effective Date, pursuant to Section 13 or 15(d) of the
Exchange Act; or (ii) results in a change in control of the Bank or the Company
within the meaning of the Change in Bank Control Act and the Rules and
Regulations promulgated by the Federal Deposit Insurance Corporation ("FDIC") at
12 C.F.R. (S)303.4(a) with respect to the Bank and the Board of Governors of the
Federal Reserve System ("FRB") at 12 C.F.R. (S)225.41(b) with respect to the
Company, as in effect on the Effective Date; or (iii) without limitation such a
Change of Control shall be deemed to have occurred at such time as (a) any
Person is or becomes the Beneficial Owner, directly or indirectly, of securities
of the Bank or the Company representing 25% or more of the Bank's or the
Company's outstanding securities except for any securities of the Bank purchased
by the Company in connection with the conversion of the Company to the stock
form and any securities purchased by the Bank's employee stock ownership plan
and trust; or (b) individuals who constitute the Board on the Effective Date
(the "Incumbent Board") cease for any reason to constitute at least a majority
thereof, provided that any person becoming a director subsequent to the
Effective Date whose election was approved by a vote of at least three-quarters
of the directors comprising the Incumbent Board, or whose nomination for
election by the Company's stockholders was approved by the same Nominating
Committee serving under the Incumbent Board; or (c) a plan of reorganization,
merger, consolidation, sale of all or substantially all of the assets of the
Bank or the Company or similar transaction occurs in which the Bank or the
Company is not the resulting entity; or (d) a proxy statement shall be
distributed soliciting proxies from stockholders of the Company, by someone
other than the current management of the Company, seeking stockholder approval
of a plan of reorganization, merger or consolidation of the Company or Bank or
similar transaction with one or more corporations as a result of which the
outstanding shares of the class of securities then subject to such plan or
transaction are exchanged

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for or converted into cash or property or securities not issued by the Bank or
the Company; or (e) a tender offer is made and completed for 20% or more of the
voting securities of the Bank or Company then outstanding. Notwithstanding
anything herein to the contrary, a Change of Control shall not be deemed to
occur upon the conversion of the Company's mutual holding company to stock form.

     (e)  "Person" shall have the meaning ascribed to such term in Section 13(d)
and 14(d) of the Exchange Act.

     (f)  "Termination Date" shall mean the date of receipt of the Notice of
Termination described in Section 6.2 or any later date specified therein, as the
case may be.

     (g)  "Termination of Employment" shall mean the termination of Executive's
actual employment relationship with the Company.

     (h)  "Termination following a Change of Control" shall mean a Termination
of Employment within two years after a Change of Control either:

          (A) initiated by the Company for any reason other than (a) Executive's
continuous illness, injury or incapacity for a period of twelve consecutive
months or (b) for cause, as defined in Section 5.3 hereof; or

          (B) initiated by Executive upon one or more of the following
occurrences:

               (1)  any failure of the Company to comply with and satisfy any of
                    the material terms of this Agreement;

               (2)  any change resulting in a reduction by the Company of the
                    authority, duties or responsibilities of Executive under
                    this Agreement; or

               (3)  any reduction by the Company of Executive's compensation
                    level.

     6.2. Notice of Termination.  Any Termination following a Change of Control
          ---------------------
shall be communicated by a Notice of Termination to the other party hereto given
in accordance with Section 10 hereof. For purposes of this Agreement, a "Notice
of Termination" means a written notice which (i) indicates the specific
termination provision in this Agreement relied upon and (ii) if the Termination
Date is other than the date of receipt of such notice, specifies the Termination
Date (which date shall not be more than 15 days after the giving of such
notice).

     6.3. Severance Compensation With Termination.  Subject to the provisions of
          ---------------------------------------
Section 6.6, in the event of Executive's Termination following a Change of
Control or in the event that Executive is terminated under Section 5.4 within
the six-month period immediately preceding a Change of Control (in which case
any payments made pursuant to Section 5.4 shall reduce the amount due under

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this Section), the Company shall pay to Executive, within 15 days after the
Termination Date (or as soon as possible thereafter in the event that the
procedures set forth in Section 6.6 hereof cannot be completed within 15 days),
an amount in cash equal to 2.99 times Executive's Base Compensation.

     6.4. Other Payments.  The payment due under Section 6.3 hereof shall be in
          --------------
addition to and not in lieu of any payments or benefits due to Executive under
any other plan, policy or program of the Company, all of which shall be paid
within 15 days after the Change of Control (or as soon as possible thereafter in
the event that the procedures set forth in Section 6.6 cannot be completed
within 15 days), except that no payments shall be due to Executive under the
Company's then severance pay plan for employees, if any, and all options to
purchase shares of stock of the Company and all restrictions on shares of stock
of the Company previously granted to Executive shall become fully vested and not
subject to any further conditions and such options shall be exercisable as
provided in Section 1.8, provided, however, that vesting and exercisability
shall be subject to applicable regulatory requirements.

     6.5. Enforcement.
          -----------

     (a)  In the event that the Company shall fail or refuse to make payment of
any amounts due Executive under Sections 6.3 and 6.4 within the respective time
periods provided therein, the Company shall pay to Executive, in addition to the
payment of any other sums provided in this Agreement, interest, compounded
monthly, on any amount remaining unpaid from the date payment is required under
Section 6.3 and 6.4, as appropriate, until paid to Executive, at the rate from
time to time specified in The Wall Street Journal as the "prime rate" plus 2%,
each change in such rate to take effect on the effective date of the change in
such prime rate.

     (b)  It is the intent of the parties that Executive not be required to
incur any expenses associated with the enforcement of his rights under this
Section 6 by arbitration, litigation or other legal action because the cost and
expense thereof would substantially detract from the benefits intended to be
extended to Executive hereunder. Accordingly, the Company shall pay Executive on
demand the amount necessary to reimburse Executive in full for all expenses
(including all attorneys' fees and legal expenses) incurred by Executive in
enforcing any of the obligations of the Company under this Agreement.

     6.6. Certain Reductions in Payments.
          ------------------------------

     (a)  If the aggregate payments or benefits to be made or afforded to
Executive pursuant to this Agreement (and any other plans, programs and
arrangements maintained by the Company) (the "Termination Benefits") would
constitute "excess parachute payments" within the meaning of Section 280G of the
Internal Revenue Code of 1986, as amended (the "Code") or any successor thereto,
and if such Termination Benefits were reduced to an amount (the "Non-Triggering
Amount"), the value of which is one dollar ($1.00) less than an amount equal to
three times Executive's "base amount," (determined in accordance with Code
Section 280G), then the Termination Benefits shall be reduced

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to the Non-Triggering Amount. The allocation of the reduction required hereby
among the Termination Benefits shall be determined by Executive. Notwithstanding
the foregoing, if after application of the preceding sentences of this
subsection 6.6(a), it is determined that the Executive received an excess
parachute payment despite the reduction in the Executive's Termination Benefits,
the excess of such Termination Benefits paid to the Executive over 2.99 times
the Executive's "base amount," as defined in Section 280G of the Code, shall be
treated as a loan to the Executive, and the Executive shall be required to repay
such amount to the Bank or the Company, or the successor of the Bank or the
Company, in consecutive annual installments over a period not to exceed ten
years of the date of such determination, with interest at the prime rate plus 2%
as set forth from time to time in The Wall Street Journal.

     (b)  All determinations to be made under this Section 6 shall be made by
the Company's independent public accountant immediately prior to the Change of
Control (the "Accounting Firm"), which firm shall provide its determinations and
any supporting calculations both to the Company and Executive within 10 days of
the Termination Date. Any such determination by the Accounting Firm shall be
binding upon the Company and Executive. Within five days after the Accounting
Firm's determination, the Company shall pay (or cause to be paid) or distribute
(or cause to be distributed) to or for the benefit of Executive such amounts as
are then due to Executive under this Agreement.

     (c)  In the event that upon any audit by the Internal Revenue Service, or
by a state or local taxing authority, of the Termination Payment, a change is
finally determined to be required in the amount of taxes paid by Executive,
appropriate adjustments shall be made under this Agreement such that the net
amount which is payable to Executive after taking into account the provisions of
Section 4999 of the Code shall reflect the intent of the parties as expressed in
subsection (a) above, in the manner determined by the Accounting Firm.

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

     7.   Survivorship.  The respective rights and obligations of the parties
          ------------
hereunder shall survive any termination of Executive's employment to the extent
necessary to the intended preservation of such rights and obligations and shall
be binding on all successors and assigns to the Company which shall obtain the
affirmation of any successor or assign prior to the assignment.

     8.   Mitigation.  Executive shall not be required to mitigate the amount of
          ----------
any payment or benefit provided for in this Agreement by seeking other
employment or otherwise and there shall be no offset against amounts due
Executive under this Agreement on account of any remuneration attributable to
any subsequent employment that he may obtain.

     9.   Arbitration; Expenses.  In the event of any dispute under the
          ---------------------
provisions of this Agreement other than a dispute in which the primary relief
sought is an equitable remedy such as an injunction, the parties shall be
required to have the dispute, controversy or claim settled by arbitration in
Harrisburg, Pennsylvania in accordance with the National Rules for the
Resolution of Employment Disputes then in effect of the American Arbitration
Association, before a panel of three arbitrators, two of whom shall be selected
by the Company and Executive, respectively, and the third of whom shall be
selected by the other two arbitrators.  Any award entered by the arbitrators
shall be final,

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binding and nonappealable and judgment may be entered thereon by either party in
accordance with applicable law in any court of competent jurisdiction. This
arbitration provision shall be specifically enforceable. The arbitrators shall
have no authority to modify any provision of this Agreement or to award a remedy
for a dispute involving this Agreement other than a benefit specifically
provided under or by virtue of the Agreement. If Executive prevails on any
material issue which is the subject of such arbitration or lawsuit, the Company
shall be responsible for all of the fees of the American Arbitration Association
and the arbitrators and any expenses relating to the conduct of the arbitration
(including reasonable attorneys' fees and expenses). Otherwise, each party shall
be responsible for his or its own expenses relating to the conduct of the
arbitration (including reasonable attorneys' fees and expenses) and shall share
the fees of the American Arbitration Association.

     10.  Notices.  All notices and other communications required or permitted
          -------
hereunder or necessary or convenient in connection herewith shall be in writing
and shall be deemed to have been given when hand delivered or mailed by
registered or certified mail, as follows (provided that notice of change of
address shall be deemed given only when received):

     If to the Company, to:

               Waypoint Financial Corp.
               235 N. Second Street
               Harrisburg, PA 17101
               Attention: Chairman, Compensation Committee
               Fax: (717) 231-2950

     With a required copy to:

               Luse Lehman Gorman Pomerenk & Schick
               5225 Wisconsin Avenue, NW, Ste 400
               Washington, DC 20015
               Attention: Eric Luse, Esq.
               Fax: (202) 362-2902

     If to Executive, to:

               James H. Moss
               York Financial Corp.
               101 South George St.
               York, PA 17401
               Fax: (717) 699-2929

     With a required copy to:

               John F. Breyer, Jr.
               Breyer & Associates PC
               1100 New York Ave., N.W.
               Suite 700 East

                                       11
<PAGE>

               Washington, D.C. 20005
               Fax: (202) 737-7979

or to such other names or addresses as the Company or Executive, as the case may
be, shall designate by notice to each other person entitled to receive notices
in the manner specified in this Section.

     11.  Contents of Agreements Amendment and Assignment.
          -----------------------------------------------

     (a)  This Agreement sets forth the entire understanding between the parties
hereto with respect to the subject matter hereof and cannot be changed,
modified, extended or terminated except upon written amendment approved by the
Board and executed on its behalf by a duly authorized officer and by Executive.

     (b)  All of the terms and provisions of this Agreement shall be binding
upon and inure to the benefit of and be enforceable by the respective heirs,
executors, administrators, legal representatives, successors and assigns of the
parties hereto, except that the duties and responsibilities of Executive
hereunder are of a personal nature and shall not be assignable or delegatable in
whole or in part by Executive. The Company shall require any successor (whether
direct or indirect, by purchase, merger, consolidation, reorganization or
otherwise) to all or substantially all of the business or assets of the Company,
by agreement in form and substance satisfactory to Executive, expressly to
assume and agree to perform this Agreement in the same manner and to the extent
the Company would be required to perform if no such succession had taken place.

     12.  Severability.  If any provision of this Agreement or application
          ------------
thereof to anyone or under any circumstances is adjudicated to be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect any other provision or application of this Agreement which can be given
effect without the invalid or unenforceable provision or application and shall
not invalidate or render unenforceable such provision or application in any
other jurisdiction.  If any provision is held void, invalid or unenforceable
with respect to particular circumstances, it shall nevertheless remain in full
force and effect in all other circumstances.

     13.  Remedies Cumulative; No Waiver.  No remedy conferred upon a party by
          ------------------------------
this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other
remedy given hereunder or now or hereafter existing at law or in equity.  No
delay or omission by a party in exercising any right, remedy or power hereunder
or existing at law or in equity shall be construed as a waiver thereof, and any
such right, remedy or power may be exercised by such party from time to time and
as often as may be deemed expedient or necessary by such party in its sole
discretion.

     14.  Beneficiaries/References.  Executive shall be entitled, to the extent
          ------------------------
permitted under any applicable law, to select and change a beneficiary or
beneficiaries to receive any compensation or benefit payable hereunder following
Executive's death by giving the Company written notice thereof.  In the event of
Executive's death or a judicial determination of his incompetence, reference in
this Agreement to Executive shall be deemed, where appropriate, to refer to his
beneficiary, estate or other legal representative.

                                       12
<PAGE>

     15.  Miscellaneous.  All section headings used in this Agreement are for
          -------------
convenience only.  This Agreement may be executed in counterparts, each of which
is an original.  It shall not be necessary in making proof of this Agreement or
any counterpart hereof to produce or account for any of the other counterparts.

     16.  Withholding.  The Company may withhold from any payments under this
          -----------
Agreement all federal, state and local taxes as the Company is required to
withhold pursuant to any law or governmental rule or regulation.  Executive
shall bear all expense of, and be solely responsible for, all federal, state and
local taxes due with respect to any payment received hereunder.

     17.  Governing Law.  This Agreement shall be governed by and interpreted
          -------------
under the laws of the Commonwealth of Pennsylvania without giving effect to any
conflict of laws provisions.

     18.  Corporate Authority.  The Company hereby represents that it has taken
          -------------------
all required corporate action in accordance with the provisions of its bylaw and
certificate of incorporation to enter into and to carry out the terms of this
Agreement.

                 [Remainder of Page Intentionally Left Blank]

                                       13
<PAGE>

     IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have
executed this Agreement effective as of _________________, 2000.

                                   WAYPOINT FINANCIAL CORP.

______________________________     By:_____________________________________
James H. Moss                      Name:___________________________________
                                   Title __________________________________
<PAGE>

                                                                       Exhibit A

                          CHANGE-IN-CONTROL AGREEMENT

     This AGREEMENT is made effective as of _______________, 2000, by and among
Waypoint Bank (the "Bank") a federally-chartered savings bank, with its
principal administrative office at 235 North Second Street, Harrisburg,
Pennsylvania, 17101, Waypoint Financial Corp. (the "Holding Company"), a
corporation organized under the laws of the State of Pennsylvania which is the
holding company for the Bank,  and ____________________ (the Executive").

     WHEREAS, the Bank recognizes the substantial contribution Executive has
made to the Bank and wishes to protect Executive's position therewith for the
period provided in this Agreement; and

     WHEREAS, Executive has been appointed to, and has agreed to serve in the
position of __________________________ for the Bank Bank, a position of
substantial responsibility.

     NOW, THEREFORE, in consideration of the contribution and responsibilities
of Executive, and upon the other terms and conditions hereinafter provided, the
parties hereto agree as follows:

1.   TERM OF AGREEMENT.

     (a)  The term of this agreement shall be deemed to have commenced as of the
date first above written and shall continue for a period of thirty-six (36) full
calendar months thereafter. The Agreement will be up for consideration for
renewal each ____________, after the Board of Directors completes a formal
performance evaluation of the Executive. The purpose of this evaluation will be
to determine whether or not to extend the Agreement. The results of this
evaluation will be included in the Minutes of the next Board Meeting. The
Agreement will renew for an additional year so that the remaining term shall be
three (3) years unless written notice is provided to the Executive at least ten
(10) days, but not more than twenty (20) days prior to the anniversary date,
that this Agreement shall cease at the end of the twenty-four (24) months
following such anniversary date.

2.   PAYMENTS TO THE EXECUTIVE UPON CHANGE IN CONTROL.

     (a)  Upon the occurrence of a Change in Control of the Bank or the Holding
Company (as herein defined) followed at any time during the term of this
Agreement by the voluntary  (for any of the bases set below) or involuntary
termination of Executive's employment, other than for Cause, as defined in
Section 2(c) hereof, the provisions of Section 3 shall apply.  Upon the
occurrence of a Change in Control, Executive shall have the right to elect to
voluntarily terminate his employment at any time during the term of this
Agreement following any demotion, loss of title, office or significant
authority, reduction in his annual compensation, relocation of his principal
place of employment by more than 30 miles from its location immediately prior to
the Change in Control or the failure to continue in effect any substantially
similar vacation benefits, pension plan, dental plan, life insurance plan,
health, accident or disability plan in which Executive is participating
immediately prior to Change in Control.
<PAGE>

     (b) Change in Control" of the Bank or the Holding Company shall mean (i) a
plan of reorganization, merger, merger conversion, consolidation or sale of all
or substantially all of the assets of the Bank or the Holding Company or a
similar transaction occurs in which the Bank or the Holding Company is not the
resulting entity; (ii) individuals who constitute the Board of the Bank or of
the Holding Company on the date hereof cease for any reason to constitute a
majority thereof; or (iii) a change in control within the meaning of 12 C.F.R.
(S) 303.4(a) or 12 C.F.R. (S)225.41(b) occurs, as determined by the Board of
Directors of the Bank or the Board of Trustees of the Holding Company. In the
event the Holding Company converts from the mutual form of organization to the
stock form of organization at any time subsequent to the effective date of this
Agreement ("Stock Holding Company"), a "change in control" of the Bank or the
Stock Holding Company for purposes of this Agreement shall mean an event of a
nature that: (I) would be required to be reported in response to Item 1 of the
current report on Form 8-K, as in effect on the date hereof, pursuant to Section
13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"); or (II)
results in a Change in Control of the Bank or the Stock Holding Company within
the meaning of the Change in Bank Control Act and the Rules and Regulations
promulgated by the Federal Deposit Insurance Corporation ("FDIC") at 12 C.F.R.
(S) 303.4 (a) with respect to the Bank and the Board of Governors of the Federal
Reserve System ("FRB") at 12 C.F.R. (S) 225.41(b) with respect to the Stock
Holding Company, as in effect on the date hereof; (III) results in a transaction
requiring prior FRB approval under the Bank Holding Company Act of 1956 and the
regulations promulgated thereunder by the FRB at 12 C.F.R. (S)225.11, as in
effect on the date hereof; or (IV) without limitation such a Change in Control
shall be deemed to have occurred at such time as (a) any "person" (as the term
is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of Securities of the Bank or the Stock Holding Company
representing 20% or more of the Bank's or the Stock Holding Company's
outstanding securities except for any securities of the Bank purchased by the
Stock Holding Company in connection with the conversion of the Company to the
stock form and any securities purchased by the Bank's employee stock ownership
plan and trust; or (b) individuals who constitute the Board on the date hereof
(the "Incumbent Board") cease for any reason to constitute at least a majority
thereof, provided that any person becoming a director subsequent to the date
hereof whose election was approved by a vote of at least three- quarters of the
directors comprising the Incumbent Board, or whose nomination for election by
the Stock Holding Company's stockholders was approved by the same Nominating
Committee serving under an Incumbent Board, shall be, for purposes of this
clause (b), considered as though he were a member of the Incumbent Board; or (c)
a plan of reorganization, merger, consolidation, sale of all or substantially
all the assets of the Bank or Stock Holding Company or similar transaction
occurs in which the Bank or Stock Holding Company is not the resulting entity;
or (d) a proxy statement shall be distributed soliciting proxies from
stockholders of the Stock Holding Company, by someone other than the current
management of the Stock Holding Company, seeking stockholder approval of a plan
of reorganization, merger, or consolidation of the Stock Holding Company or Bank
or similar transaction with one or more corporations as a result of which the
outstanding shares of the class of securities then subject to such plan or
transaction are exchanged for or converted into cash or property or securities
not issued by the Bank or the Stock Holding Company; or (e) a tender offer is
made and accepted for 20% or more of the voting securities of the Bank or Stock
Holding Company then outstanding.

                                      A-2
<PAGE>

     (c) Executive shall not have the right to receive termination benefits
pursuant to Section 3 hereof upon Termination for Cause.  The term "Termination
for Cause" shall mean termination because of the Executive's personal
dishonesty, willful misconduct, any breach of fiduciary duty involving personal
profit, intentional failure to perform stated duties, willful violation of any
law, rule, or regulation (other than traffic violations or similar offenses) or
final cease-and-desist order, or material breach of any material provision of
this Agreement.  For purposes of this Section, no act, or the failure to act on
Executive's part shall be "willful" unless done or omitted to be done, not in
good faith and without reasonable belief that the action or omission was in the
best interests of the Holding Company or the Bank. Notwithstanding the
foregoing, Executive shall not be deemed to have been Terminated for Cause
unless and until there shall have been delivered to him a Notice of Termination
which shall include a copy of a resolution duly adopted by the affirmative vote
of not less than two-thirds of the members of the Board at a meeting of the
Board called and held for that purpose (after reasonable notice to the Executive
and an opportunity for him, together with counsel, to be heard before the
Board), finding that in good faith opinion of the Board, the Executive was
guilty of conduct justifying Termination for Cause and specifying the
particulars thereof in detail. The Executive shall not have the right to receive
compensation or other benefits for any period after Termination for Cause.  Any
stock options or limited rights granted to Executive under any stock option plan
or any unvested awards granted to Executive under a Recognition and Retention
Plan of the Bank, the Company or any subsidiary or affiliate thereof, shall
become null and void effective upon Executive's receipt of Notice of Termination
for Cause and shall not be exercisable by Executive at any  time subsequent to
such Termination for Cause.

3. TERMINATION BENEFITS.

     (a) Upon the occurrence of a Change in Control, followed at any time during
the term of this Agreement by the voluntary or involuntary termination of the
Executive's employment, other than for Termination for Cause, the Bank and the
Company shall pay the Executive, or in the event of his subsequent death, his
beneficiary or beneficiaries, or his estate, as the case may be, as severance
pay or liquidated damages, or both, a sum equal to 2.99 times the Executive's
annual base salary and bonus.  In addition, Executive shall be entitled to any
other cash or deferred compensation paid, or to be paid, to the Executive for
such years and such benefits as are otherwise payable to Executive under the
Company's and/or the Bank's plans upon a Change in Control.  At the election of
the Executive such payment may be made in a lump sum or paid in equal monthly
installments during the twelve (12) months following the Executive's
termination.  In the event that no election is made, payment to the Executive
will be made on a monthly basis during the remaining term of this Agreement.

     (b) Upon the occurrence of a Change in Control of the Bank or the Holding
Company followed at any time during the term of this Agreement by the
Executive's voluntary or involuntary termination of employment, other than for
Termination for Cause, the Bank shall cause to be continued life, medical,
dental and disability coverage substantially identical to the coverage
maintained by the Bank for the Executive prior to his severance.  Such coverage
and payments shall cease upon the expiration of thirty-six (36) months.

     (c) Upon the occurrence of a Change in Control, the Executive shall be
entitled to receive benefits due him under, or contributed by the Bank on his
behalf pursuant to any retirement, incentive,

                                      A-3
<PAGE>

profit sharing, bonus, performance, disability or other employee benefit plan
maintained by the Bank on the Executive's behalf to the extent that such
benefits are not otherwise paid to the Executive under a separate provision of
this Agreement.

(d) Notwithstanding the preceding paragraphs of this Section 3, in the event
that:

          (i)  the aggregate payments or benefits to be made or afforded to the
               Executive under said paragraphs (the "Termination Benefits")
               would be deemed to include an "excess parachute payment" under
               Section 280G of the Internal Revenue Code of 1986 (the Code) or
               any successor thereto, and

          (ii) if such Termination Benefits were reduced to an amount (the "Non-
               Triggering Amount"), the value of which is one dollar ($1.00)
               less than an amount equal to three (3) times Executive's "base
               amount" as determined in accordance with said Section 280G, then
               the Termination Benefits shall be reduced to the Non-Triggering
               Amount. The allocation of the reduction required hereby among the
               Termination Benefits provided by the preceding paragraphs of this
               Section 3 shall be determined by the Executive.

4.    NOTICE OF TERMINATION.

      (a) Any purported termination by the Bank, the Holding Company or by
Executive shall be communicated by Notice of Termination to the other party
hereto.  For purposes of this Agreement, a "Notice of Termination" shall mean a
written notice which shall indicate the specific termination provision 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.

      (b) "Date of Termination" shall mean the date specified in the Notice of
Termination
which, in the instance of Termination for Cause, shall be immediate.

5.    SOURCE OF PAYMENTS.

      (a) It is intended by the parties hereto that all payments provided in
this Agree shall be paid in cash or check from the general funds of the
Bank.  The Holding Company, however, guarantees payment and provision of all
amounts and benefits due hereunder to the Executive and, if such amounts and
benefits due from the Bank are not timely paid or provided by the Bank, such
amounts and benefits shall be paid or provided by the Holding Company.

6.    EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS.

      (a) This Agreement contains the entire understanding between the parties
hereto and supersedes any prior agreement between the Bank and the Executive,
except that this Agreement shall not affect or operate to reduce any benefit or
compensation inuring to the Executive of a kind elsewhere provided.  No
provision of this Agreement shall be interpreted to mean that the Executive is
subject to receiving fewer benefits than those available to him without
reference to this Agreement.

                                      A-4
<PAGE>

     (b)  Nothing in this Agreement shall confer upon the Executive the right to
continue in the employ of Bank or shall impose on the Bank any obligation to
employ or retain the Executive in its employ for any period.

7.   NO ATTACHMENT.

     (a)  Except as required by law, no right to receive payments under this
Agreement shall be subject to anticipation, commutation, alienation, sale,
assignment, encumbrance, charge, pledge, or hypothecation, or to execution,
attachment, levy, or similar process or assignment by operation of law, and any
attempt, voluntary or involuntary, to affect any such action shall be null,
void, and of no effect.

     (b)  This Agreement shall be binding upon, and inure to the benefit of,
the Executive, the Bank and their respective successors and assigns.

8.   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.

9.   REQUIRED REGULATORY PROVISIONS.

     (a)  The Board may terminate the Executive's employment at any time, but
any termination by the Board, other than Termination for Cause, shall not
prejudice the Executive's right to compensation or other benefits under the
Agreement.  The Executive shall not have the right to receive compensation or
other benefits for any period after Termination for Cause as defined in Section
2 herein above.

10.  SEVERABILITY.

     (a)  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.

11.  HEADINGS FOR REFERENCE ONLY.

                                      A-5
<PAGE>

     (a)  The headings of sections and paragraphs herein are included solely for
the convenience of reference and shall not control the meaning or interpretation
of any of the provisions of this Agreement.

12.  GOVERNING LAW.

     (a)  The validity, interpretation, performance, and enforcement of this
Agreement shall be governed by Pennsylvania law.

13.  ARBITRATION.

     (a)  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 then in effect. Judgment may be
entered on the arbitrator's award in any court having jurisdiction provided,
however, that the Executive shall be entitled to seek specific performance of
his right to be paid until the Date of Termination during the pendency of an
dispute or controversy arising under or in connection with this Agreement.

     (b)  In the event any dispute or controversy arising under or in connection
with Executive's termination is resolved in favor of the Executive, whether by
judgment, arbitration or settlement, Executive shall be entitled to the payment
of all back-pay, including salary, bonuses and any other cash compensation,
fringe benefits and any compensation and benefits due Executive under this
Agreement.

14.  PAYMENT OF COSTS AND LEGAL FEES.

     (a)  All reasonable costs and legal fees paid or incurred by the Executive
pursuant to any dispute or question of interpretation relating to this Agreement
shall be paid or reimbursed by the Bank (which payments are guaranteed by the
Holding Company pursuant to Section 5 hereof) if Executive is successful
pursuant to legal judgment, arbitration or settlement.

15.  INDEMNIFICATION.

     (a)  The Bank shall provide Executive (including his or her legal
representatives, successors, and assigns) with coverage under a standard
directors' and officers' liability insurance policy at its expense, or in lieu
thereof, shall indemnify Executive (including his or her legal representatives,
successors, and assigns) to the fullest extent permitted under Pennsylvania law
against all expenses and liabilities reasonably incurred by Executive in
connection with or arising out of any action, suit or proceeding in which he may
be involved by reason of his having been a trustee or officer of the Bank
(whether or not he continues to be a trustee or officer at the time of
incurring such expenses or liabilities).  Such expenses or liabilities may
include, but not be limited to, judgments, court costs and attorneys' fees and
the cost of reasonable settlements for reasonable costs and expenses incurred by
Executive in defending or settling any judicial or administrative proceeding, or
threatened proceeding, whether civil, criminal, or otherwise, including any
appeal or other proceeding for review.

                                      A-6
<PAGE>

     (b)  Indemnification by the Bank shall be made only upon the final judgment
on the merits in favor of the Executive, in case of settlement, in case of final
judgment against Executive or in the case of final judgment in favor of
Executive other than on the merits, if a majority of the disinterested directors
of the Bank determine Executive was acting in good faith within the scope of
Executive's employment or authority.

     (c)  Any such indemnification of Executive for such expenses and
liabilities are to include, but not be limited to, judgments, court costs and
attorneys' fees and the cost of reasonable settlements, such settlements to be
approved by the Board of Directors of the Bank, if such action is brought
against the Executive in his or her capacity as an officer or trustee of the
Bank, provided however, such indemnity shall not extend to matters as to which
the Executive is finally adjudged to be liable for willful misconduct in the
performance of his or her duties.

16.  SUCCESSOR TO THE BANK.

     (a)  The Bank shall require any successor or assignee, whether direct or
indirect, by purchase, merger, consolidation or otherwise, to all or
substantially all the business or assets of the Bank or the Holding Company,
expressly and unconditionally to assume and agree to perform the Bank's
obligations under this Agreement, in the same manner and to the same extent that
the Bank would be required to perform if no such succession or assignment had
taken place.

                 [Remainder of Page Intentionally Left Blank]

                                      A-7
<PAGE>

17.  SIGNATURES.

     IN WITNESS WHEREOF, Waypoint Bank and Waypoint Financial Corp. have caused
this Agreement to be executed by their duly authorized officers, and Executives
have signed this Agreement, on the ___ day of ________________, 2000.

SEAL

ATTEST:

                                   WAYPOINT BANK

_____________________________      BY:________________________________
Corporate Secretary                President / Chief Executive Officer

SEAL

ATTEST:                            WAYPOINT FINANCIAL CORP.
                                   (Guarantor)

_____________________________      BY:________________________________
Corporate Secretary                President / Chief Executive Officer

SEAL

WITNESS:

_____________________________      BY:________________________________
                                   (EXECUTIVE)

                                      A-8<PAGE>

                                                                   EXHIBIT 10.27

                                    FORM OF

                             EMPLOYMENT AGREEMENT
                                (for Leader Vs)

     THIS EMPLOYMENT AGREEMENT (this "Agreement") is entered into on
______________, 2000, by and between Waypoint Bank, a federally-chartered
savings bank and its successors (the "Bank") with its principal office located,
Harrisburg, Pennsylvania [alternatively, this employment agreement may be
entered into with a subsidiary of the Bank or of Waypoint Financial Corp., and
appropriate changes will be made to the parties], and _________ a resident of
Pennsylvania ("Executive") any reference herein to "Company" shall refer to
Harris Financial, MHC, Harris Financial, Inc., Waypoint Financial Corp. and any
and all of their subsidiaries, including subsidiaries of the Bank [or _________]

     WHEREAS, the "Bank" and Executive wish to enter into an Employment
Agreement to evidence the terms and conditions of Executive's employment with
the Bank or the Bank's subsidiary [or __________] and to provide for Executive's
employment by the Bank [or __________], upon the terms and conditions set forth
herein:

     NOW, THEREFORE, the parties hereto, intending to be legally bound, hereby
agree as follows:

     1.    Employment.  The Bank [or __________] hereby agrees to employ
           ----------
Executive, and Executive  hereby accepts such employment and agrees to perform
his duties and responsibilities, in accordance with the terms, conditions and
provisions hereinafter set forth.

     1. 1. Employment Term.  The term of Executive's employment under this
           ---------------
Agreement shall commence on ______________, 2000 (the "Effective Date") and
shall continue for twenty-four (24) consecutive months, or until ____________,
2002 (the "Employment Term").

     1.2.  Duties and Responsibilities.  The Bank [or __________] hereby
           ---------------------------
appoints Executive as __________ Officer of the Bank [or __________] Officer of
_________, a wholly owned subsidiary of Bank). During the Employment Term,
Executive shall perform all duties and accept all responsibilities incident to
the position of a senior executive officer of Bank [or __________] as may be
assigned to him by the Board.

     1.3.  Extent of Service.  During the Employment Term, Executive agrees to
           -----------------
use his best efforts to carry out his duties and responsibilities under Section
1.2 hereof and, consistent with the other provisions of this Agreement, to
devote substantially all his business time, attention and energy thereto. The
foregoing shall not be construed as preventing Executive from continuing in any
director capacities in which he is currently involved or from making investments
in other businesses or enterprises provided that Executive agrees not to engage
in any other business activity which, in the reasonable judgment of the Board,
is likely to interfere with his ability to discharge his duties and
responsibilities to the Bank [or __________]. Executive further agrees not to
accept any new positions on either a part time or independent contracting basis
for any other business or enterprise during the Employment Term without the
prior written consent of the Board.
<PAGE>

     1.4. Base Salary.  For all the services rendered by Executive hereunder,
          -----------
the Bank [or __________], shall pay Executive a base salary ("Base Salary"),
commencing on the Effective Date, at the annual rate of $____________, payable
in installments at such times as the Bank [or __________] customarily pays its
other senior level executives (but in any event no less often than monthly). The
Board pursuant to its normal performance review policies shall review
executive's Base Salary annually for appropriate adjustment (but shall not be
reduced below the then current level) for senior level executives.

     1.5. Retirement and Benefit Coverages and Perquisite.  During the
          -----------------------------------------------
Employment Term, Executive shall be entitled to participate in all (a) employee
pension and retirement plans and programs ("Retirement Plans") and (b) welfare
benefit plans and programs ("Benefit Coverages"), in each case made available to
the Bank's  [or __________]  employees generally, as such Retirement Plans or
Benefit Coverages may be in effect from time to time.

     1.6. Reimbursement of Expenses and Vacation.  Executive shall be provided
          --------------------------------------
with reimbursement of expenses related to his employment by the Bank [or ______]
on a basis no less favorable than that which may be authorized from time to time
for senior level executives as a group, and entitled to vacation and holidays in
accordance with the Bank's [or __________] normal personnel policies for senior
level executives.

     1.7. Short Term Incentive Compensation.  Executive shall be entitled to
          ---------------------------------
participate in any short-term incentive compensation programs established by the
Bank [or __________] for its senior level executives generally.  Bonuses under
any short-term incentive compensation programs shall be based upon achievement
of certain annual individual or business performance objectives specified and
approved by the Board (or a Committee thereof) in its sole discretion.

     2.   Confidential Information.  Executive recognizes and acknowledges that
          ------------------------
by reason of his employment by and service to the Bank [or __________], during
and, if applicable, after the Employment Term, he will have access to certain
confidential and proprietary information relating to the Bank's and its
subsidiaries [or ________ and its subsidiaries] business, which may include, but
is not limited to, trade secrets, trade "know-how", customer information,
supplier information, cost and pricing information, marketing and sales
techniques, strategies and programs, computer programs and software and
financial information (collectively referred to as "Confidential Information").
Executive acknowledges that such Confidential Information is a valuable and
unique asset of the Bank and its subsidiaries [or ________ and its subsidiaries]
and Executive covenants that he will not, unless expressly authorized in writing
by the Board, at any time during the course of his employment use any
Confidential Information or divulge or disclose any Confidential Information to
any person, firm or corporation except in connection with the performance of his
duties for the Bank and its subsidiaries [or ________ and its subsidiaries] and
in a manner consistent with the Bank's and its subsidiaries'[or ________ and its
subsidiaries] policies regarding Confidential Information.  Executive also
covenants that at any time after the termination of such employment, he will
not, directly or indirectly, use any Confidential Information or divulge or
disclose any Confidential Information to any person, firm or corporation, unless
such information is in the public domain through no fault of Executive or except
when required to do so by a court of law, by any governmental agency having
supervisory

                                       2
<PAGE>

authority over the business of the Bank and its subsidiaries [or ________ and
its subsidiaries] by any administrative or legislative body (including a
committee thereof) with apparent jurisdiction to order him to divulge, disclose
or make accessible such information in which case Executive will inform the Bank
and its subsidiaries [or ________ and its subsidiaries] in writing promptly of
such required disclosure, but in any event at least two business days prior to
disclosure. All written Confidential Information (including, without limitation,
in any computer or other electronic format) which comes into Executive's
possession during the course of his employment shall remain the property of the
Bank and its subsidiaries [or ________ and its subsidiaries]. Except as required
in the performance of Executive's duties for the Bank and its subsidiaries [or
________ and its subsidiaries], or unless expressly authorized in writing by the
Board, Executive shall not remove any written Confidential Information from the
Bank's and its subsidiaries' [or ________ and its subsidiaries] premises, except
in connection with the performance of his duties for the Bank and its
subsidiaries and in a manner consistent with the Bank's and its subsidiaries'
[or ________ and its subsidiaries] policies regarding Confidential Information.
Upon termination of Executive's employment, Executive agrees immediately to
return to the Bank and its subsidiaries [or ________ and its subsidiaries] all
written Confidential Information in his possession.

     3.   Enforcement of Obligations.  Executive acknowledges that the
          --------------------------
restrictions contained in Sections 2 are reasonable and necessary to protect the
legitimate interests of the Bank and its subsidiaries, that the Bank and its
subsidiaries [or ________ and its subsidiaries] would not have entered into this
Agreement in the absence of such restrictions, and that any violation of any
provision of those Sections will result in irreparable injury to the Bank and
its subsidiaries [or ________ and its subsidiaries].  Executive further
represents and acknowledges that (i) he has been advised by the Bank and its
subsidiaries [or ________ and its subsidiaries] to consult his own legal counsel
with respect to this Agreement; and (ii) that he has, prior to execution of this
Agreement, reviewed thoroughly this Agreement with his counsel.  Executive
agrees that the Bank and its subsidiaries [or ________ and its subsidiaries]
shall be entitled to preliminary and permanent injunctive relief, without the
necessity of proving actual damages, as well as to an equitable accounting of
all earnings, profits and other benefits arising from any violation of Section
2, which rights shall be cumulative and in addition to any other rights or
remedies to which the Bank and its subsidiaries [or ________ and its
subsidiaries] may be entitled.  In the event that any of the provisions of
Section 2 should ever be adjudicated to exceed the time, geographic, product or
service, or other limitations permitted by applicable law in any jurisdiction,
then such provisions shall be deemed reformed in such jurisdiction to the
maximum time, geographic, product or service, or other limitations permitted by
applicable law. Executive irrevocably and unconditionally (i) agrees that any
suit, action or other legal proceeding arising out of this Agreement in which
any party is seeking in whole or in part any form of equitable relief, including
without limitation, any action commenced by the Bank and its subsidiaries [or
________ and its subsidiaries] for preliminary and permanent injunctive relief
and other equitable relief, may be brought in any court of competent
jurisdiction in Dauphin County, Pennsylvania; (ii) consents to the nonexclusive
jurisdiction of any court in any such suit, action or proceeding; and (iii)
waives any objection which Executive may have to the laying of venue of any such
suit, action or proceeding in any such court.  Executive also irrevocably and

                                       3
<PAGE>

unconditionally consents to the service of any process, pleadings, notices or
other papers in a manner permitted by the notice provisions of Section 9.

     4.   Termination.  The Employment Term shall terminate upon the occurrence
          -----------
of any one of the following events:

     4.1. Disability.  The Bank [or __________] may terminate the Employment
          ----------
Term if Executive is unable substantially to perform his duties and
responsibilities hereunder to the full extent required by the Board by reason of
illness, injury or incapacity for six consecutive months, or for more than six
months in the aggregate during any period of twelve calendar months which shall
not be deemed to prejudice Executive's rights to receive long-term disability
benefit under any Bank [or __________] plan; provided, however, that the Bank
[or __________] shall continue to pay Executive his Base Salary until the Bank
[or __________] acts to terminate the Employment Term. In addition, Executive
shall be entitled to receive (i) any other amounts earned, accrued or owing but
not yet paid under Section 1 above and (ii) any other benefits, in accordance
with the terms of any applicable plans and programs of the Bank o[or _________].
Otherwise, the Bank [or __________] shall have no further liability or
obligation to Executive for compensation under this Agreement. Executive agrees,
in the event of a dispute under this Section 4.1, to submit to a physical
examination by a licensed physician selected by the Board.

     4.2. Death.  The Employment Term shall terminate in the event of
          -----
Executive's death. In such event, the Bank [or __________] shall pay to
Executive's executors, legal representatives or administrators, as applicable,
an amount equal to the installment of his Base Salary set forth in Section 1.4
hereof for the month in which he dies.

     4.3. Cause.  The Bank [or __________] may terminate the Employment Term, at
          -----
any time, for "cause" upon 30 days' written notice, in which event all payments
under this Agreement shall cease, except for Base Salary to the extent already
accrued, and any other vested benefits to which Executive is entitled by
applicable law, in accordance with the terms of any applicable plans and
programs of the Bank [or __________]. For purposes of this Agreement,
termination for cause shall include termination because of Executive's personal
dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving
personal profit, intentional failure to perform stated duties, willful violation
of nay law, rule, or regulation (other than traffic violations or similar
offenses) or final cease-and-desist order or material breach of any provision of
this Agreement. For purposes of this Agreement, an act or omission on the part
of Executive shall be deemed "willful" only if it was not due primarily to an
error in judgment or negligence and was done by Executive not in good faith and
without reasonable belief that the act or omission was in the best interest of
the Bank [or __________].

     4.4. Termination Without Cause. The Bank [or __________] may remove
          -------------------------
Executive, at any time without cause from the position in which he is employed
hereunder; provided, however, that, in the event that notice of such termination
is given, Executive shall be under no obligation to render any additional
services to the Bank [or __________] and shall be allowed to seek other
employment.  In addition, Executive shall be entitled to resign upon providing
two (2)

                                       4
<PAGE>

weeks written notice to the Bank (or named subsidiary). Upon any such removal or
resignation and expressly contingent upon Executive executing an Agreement and
General Release in favor of the Bank, Company [or __________] as well as York
Financial, Inc., York Federal Savings and Loan Association and their
subsidiaries ("Release Agreement" in a form similar to the Agreement and General
Release attached hereto as Appendix A. Executive shall be entitled to receive,
commencing within thirty (30) days of tendering a binding Release Agreement,
payments equal to the Base Salary payable for the remaining term of the
Agreement. Said payments to be payable in a lump sum, monthly, annually or
otherwise as agreed by the parties. In addition, Executive shall be entitled to
a continuation of health benefits on the same terms as the Bank's [or _________]
other employees, for a period of fifty-two (52) weeks, reduced (but not below-0-
) by the number of weeks that such person was employed by the Bank [or _____].
Executive acknowledges and agrees that the benefits to be provided to Executive
pursuant to this Section 4.4 are expressly contingent upon Executive executing a
binding Release Agreement. No other payments or benefits shall be due under this
Agreement to Executive, but Executive shall be entitled to any other vested
benefits in accordance with the terms of any applicable plans and programs of
the Bank [or __________].

     4.5  Required Provisions.  If Executive is suspended from office and/or
          -------------------
temporarily prohibited from participating in the conduct of the Bank's affairs
by a notice served under section 8(e)(3) or (g)(1) of the Federal Deposit
Insurance Act (12 U.S.C. 1818(e)(3) and (g)(1)), as amended by the Financial
Institutions Reform, Recovery and Enforcement Act of 1989, the Bank's
obligations under this Agreement shall be suspended as of the date of service
unless stayed by appropriate proceedings.  If the charges in the notice are
dismissed, the Bank may in its discretion (i) pay Executive all or part of the
compensation withheld while its contract obligations were suspended and (ii)
reinstate (in whole or in part) any of its obligations which were suspended.

     If Executive is removed and/or permanently prohibited from participating in
the conduct of the Bank's affairs by an order issued under section 8(e)(4) or
(g)(1) of the Federal Deposit Insurance Act (12 U.S.C. 1818(e)(4) and (g)(1)),
as amended by the Financial Institutions Reform, Recovery and Enforcement Act of
1989, all obligations of the Bank under this Agreement shall terminate as of the
effective date of the order, but vested rights of the contracting parties shall
not be affected.  In the case of termination or removal of the Executive by an
order issued under section 8(e)(4) of the Federal Deposit Insurance Act (12
U.S.C. 1818(e)(4)), as amended by the Financial Institutions Reform, Recovery
and Enforcement Act of 1989, the Company shall, if it deems the reinstatement of
the Executive to his former position to be in the best interest of the Company,
use its best efforts to appeal and overturn such order.

     If the Bank is in default (as defined in section 3(x)(1) of the Federal
Deposit Insurance Act as amended by the Financial Institutions Reform, Recovery
and Enforcement Act of 1989), all obligations under this Agreement shall
terminate as of the date of default, but this paragraph shall not affect any
vested rights of the contracting parties.

     All obligations under this Agreement shall be terminated, except to the
extent determined

                                       5
<PAGE>

that continuation of this Agreement is necessary for the continued operation of
the Bank:

     (i)  by the Office of Thrift Supervision ("OTS"), at the time the Federal
          Deposit Insurance Corporation enters into an agreement to provide
          assistance to or on behalf of the Bank under the authority contained
          in section 13(c) (12 U.S.C. (S)1823(c)) of the Federal Deposit
          Insurance Act; or

                                       6
<PAGE>

     (ii) by the OTS, at the time the OTS approves a supervisory merger to
          resolve problems related to operation of the Bank or when the Bank is
          determined by the OTS to be in an unsafe or unsound condition.

     Any payments made to Executive pursuant to this Agreement, or otherwise,
are subject to and conditioned upon their compliance with 12 U.S.C. 1828(k) and
any regulations promulgated thereunder.

     5.   Certain Reductions in Payments.  If the aggregate payments or benefits
          ------------------------------
to be made or afforded to Executive pursuant to this Agreement (and any other
plans, programs and arrangements maintained by the Bank [or __________]) (the
"Termination Benefits") would constitute "excess parachute payments" within the
meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the
"Code") or any successor thereto, and if such Termination Benefits were reduced
to an amount (the "Non-Triggering Amount"), the value of which is one dollar
($1.00) less than an amount equal to three times Executive's "base amount,"
(determined in accordance with Code Section 280G), then the Termination Benefits
shall be reduced to the Non-Triggering Amount.  Executive shall determine the
allocation of the reduction required hereby among the Termination Benefits.
Notwithstanding the foregoing, if after application of the preceding sentences
of this Section 5, it is determined that the Executive received an excess
parachute payment despite the reduction in the Executive's Termination Benefits,
the excess of such Termination Benefits paid to the Executive over 2.99 times
the Executive's "base amount," as defined in Section 280G of the Code, shall be
treated as a loan to the Executive, and the Executive shall be required to repay
such amount to the Bank [or __________], or the successor of the Bank [or ____],
in consecutive annual installments over a period not to exceed ten years of the
date of such determination, with interest at the prime rate plus 2% as set forth
from time to time in The Wall Street Journal.

     6.   Survivorship.  The respective rights and obligations of the parties
          ------------
hereunder shall survive any termination of Executive's employment to the extent
necessary to the intended preservation of such rights and obligations and shall
be binding on all successors and assigns to the Company, the Bank and their and
its subsidiaries which shall obtain the affirmation of any successor or assign
prior to the assignment.

     7.   Mitigation.  Executive shall not be required to mitigate the amount of
          ----------
any payment or benefit provided for in this Agreement by seeking other
employment or otherwise and there shall be no offset against amounts due
Executive under this Agreement on account of any remuneration attributable to
any subsequent employment that he may obtain.

     8.   Arbitration: Expenses.  In the event of any dispute under the
          ---------------------
provisions of this  Agreement other than a dispute in which the primary relief
sought is an equitable remedy such as an injunction, the parties shall be
required to have the dispute, controversy or claim settled by arbitration in
Harrisburg, Pennsylvania in accordance with the National Rules for the
Resolution of Employment Disputes then in effect of the American Arbitration
Association, before a panel of three arbitrators, two of whom shall be selected
by the Bank [or __________] and Executive,

                                       7
<PAGE>

respectively, and the third of whom shall be selected by the other two
arbitrators. Any award entered by the arbitrators shall be final, binding and
nonappealable and judgment may be entered thereon by either party in accordance
with applicable law in any court of competent jurisdiction. This arbitration
provision shall be specifically enforceable. The arbitrators shall have no
authority to modify any provision of this Agreement or to award a remedy for a
dispute involving this Agreement other than a benefit specifically provided
under or by virtue of the Agreement. If Executive prevails on any material issue
which is the subject of such arbitration or lawsuit, the Bank [or __________]
shall be responsible for all of the fees of the American Arbitration Association
and the arbitrators and any expenses relating to the conduct of the arbitration
(including reasonable attorneys' fees and expenses). Otherwise, each party shall
be responsible for his or its own expenses relating to the conduct of the
arbitration (including reasonable attorneys' fees and expenses) and shall share
the fees of the American Arbitration Association.

     9.   Notices. All notices and other communications required or permitted
          -------
hereunder or necessary or convenient in connection herewith shall be in writing
and shall be deemed to have been given when hand delivered or mailed by
registered or certified mail to the last known address of the Executive, as set
forth on the payroll records, or to the principal office of the Bank [or _____].

     10.  Contents of Agreements Amendment and Assignment.
          -----------------------------------------------

     (a)  This Agreement sets forth the entire understanding between the parties
hereto with respect to the subject matter hereof and cannot be changed,
modified, extended or terminated except upon written amendment approved by the
Board and executed on its behalf by a duly authorized officer and by Executive.

     (b)  All of the terms and provisions of this Agreement shall be binding
upon and inure to the benefit of and be enforceable by the respective heirs,
executors, administrators, legal representatives, successors and assigns of the
parties hereto, except that the duties and responsibilities of Executive
hereunder are of a personal nature and shall not be assignable or delegable in
whole or in part by Executive. The Bank [or __________] shall require any
successor (whether direct or indirect, by purchase, merger, consolidation,
reorganization or otherwise) to all or substantially all of the business or
assets of the Bank [or __________], by agreement in form and substance
satisfactory to Executive, expressly to assume and agree to perform this
Agreement in the same manner and to the extent the Bank [or __________] would be
required to perform if no such succession had taken place.

     11.  Severability.  If any provision of this Agreement or application
          ------------
thereof to anyone or under any circumstances is adjudicated to be invalid or
unenforceable in any jurisdiction, such invalidity or unenforceability shall not
affect any other provision or application of this Agreement which can be given
effect without the invalid or unenforceable provision or application and shall
not invalidate or render unenforceable such provision or application in any
other jurisdiction.  If any provision is held void, invalid or unenforceable
with respect to

                                       8
<PAGE>

particular circumstances, it shall nevertheless remain in full force and effect
in all other circumstances.

    12.   Remedies Cumulative; No Waiver.  No remedy conferred upon a party by
          ------------------------------
this Agreement is intended to be exclusive of any other remedy, and each and
every such remedy shall be cumulative and shall be in addition to any other
remedy given hereunder or now or hereafter existing at law or in equity.  No
delay or omission by a party in exercising any right, remedy or power hereunder
or existing at law or in equity shall be construed as a waiver thereof, and any
such right, remedy or power may be exercised by such party from time to time and
as often as may be deemed expedient or necessary by such party in its sole
discretion.

    13.   Beneficiaries/References.  Executive shall be entitled, to the extent
          ------------------------
permitted under any applicable law, to select and change a beneficiary or
beneficiaries to receive any compensation or benefit payable hereunder following
Executive's death by giving the Bank [or __________] written notice thereof.
In the event of Executive's death or a judicial determination of his
incompetence, reference in this Agreement to Executive shall be deemed, where
appropriate, to refer to his beneficiary, estate or other legal representative.

    14.   Miscellaneous.  All section headings used in this Agreement are for
          -------------
convenience only.  This Agreement may be executed in counterparts, each of which
is an original.  It shall not be necessary in making proof of this Agreement or
any counterpart hereof to produce or account for any of the other counterparts.

    15.   Withholding.  The Bank [or __________] may withhold from any payments
          -----------
under this Agreement all federal, state and local taxes as the Bank [or _______]
is required to withhold pursuant to any law or governmental rule or regulation.
Executive shall bear all expense of, and be solely responsible for, all federal,
state and local taxes due with respect to any payment received hereunder.

     16.  Governing Law.  This Agreement shall be governed by and interpreted
          -------------
under the  Laws of the Commonwealth of Pennsylvania without giving effect to any
conflict of laws provisions.

     17.  Corporate Authority.  The Bank [or __________] along with its parents,
          -------------------
including Harris Financial, MHC, Harris Financial, Inc. and Waypoint Financial
Corp., hereby represents that it has taken all required corporate action in
accordance with the provisions of its bylaw and certificate of incorporation to
enter into and to carry out the terms of this Agreement.

                                       9
<PAGE>

     IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have
executed this Agreement effective as of _________________, 2000.

ATTEST:                           WAYPOINT BANK

______________________________    By:_________________________________________
                                  Name:_______________________________________
                                  Title:______________________________________

                                  HARRIS FINANCIAL, INC.

______________________________    By:_________________________________________
                                  Name:_______________________________________
                                  Title:______________________________________

                                  HARRIS FINANCIAL, MHC.

______________________________    By:_________________________________________
                                  Name:_______________________________________
                                  Title:______________________________________

                                       10
<PAGE>

                                  WAYPOINT FINANCIAL CORP.

______________________________    By:_________________________________________
                                  Name:_______________________________________
                                  Title:______________________________________

WITNESS:                          EXECUTIVE
______________________________    By:_________________________________________
                                  Name:_______________________________________
                                  Title:______________________________________

                                       11
<PAGE>

                                                                       EXHIBIT A

                                    SAMPLE
                         (NOT TO BE SIGNED OR RETURNED)

                         AGREEMENT AND GENERAL RELEASE

     This _____ day of _______________, 2000, Waypoint Bank, including Harris
Financial, M.H.C., Harris Financial, Inc., Waypoint Financial Corp., York
Financial Corp., York Federal Savings and Loan Association and its affiliates,
subsidiaries, divisions, successors, successors by merger, name or otherwise,
assigns, and the officers, directors, employees, and agents thereof
(collectively "Employer"), and ________________________ ("Employee") agree that:

     1.   Subject to the provisions of Paragraph 2 below, in consideration for
signing this Agreement and General Release, and in compliance with the promises
made herein, Employer agrees to pay Employee ___ weeks of severance pay in the
lump sum amount of $       , less payroll and other deductions on the first
normal payroll date following employee's termination of employment coincident
with or following the effective date of the merger of York Financial Corp. with
and into New Harris Financial, Inc. ("Merger"). As further consideration for
Employee's signing this Agreement and General Release, Employer agrees to pay
the basic health plan continuation coverage costs ("COBRA" of Employee for ___
weeks of Employee's COBRA continuation coverage period or if earlier, up to the
date Employee becomes eligible to participate under another group health plan (
"Supplemented COBRA Period" ) in the same percentages which Employer then pays
for basic health care coverage for its active employees. Employee shall be
responsible for payment of the portion of the COBRA premium not paid by Employer
during the Supplemented COBRA Period and for all COBRA costs following the
Supplemented COBRA Period. Provided however, Employer shall pay the above-
referenced percentage of COBRA costs provided Employee was a participant under
Employer's health plan at the time of Employee's termination and Employee makes
an affirmative election for COBRA coverage.

     2.   Employee understands and agrees that he/she will not be entitled to
receive the payments specified  in Paragraph 1, unless he/she executes this
Agreement and General Release, fulfills the promises contained herein and does
not voluntarily terminate his/her employment or is not terminated from
employment for cause prior to the Merger.  If Employee should voluntarily
terminate his/her employment or be terminated for cause by Employer prior to the
Merger, Employee will forfeit any rights he/she may have to the benefits
described in Paragraph 1.

     3.   Employee knowingly and voluntarily releases and forever discharges
Employer, of and from any and all claims, known and unknown, which Employee,
his/her heirs, executors, administrators, successors, and assigns have or may
have against Employer that accrued or arose at any time prior to the execution
of this Agreement and General Release, including, but not limited to, any
alleged violations of Title VII of the Civil Rights Act; the Employee Retirement
Income Security Act; the Americans with Disabilities Act; the Family and Medical
Leave Act;

                                      A-1
<PAGE>

the Fair Labor Standards Act; the Age Discrimination in Employment Act; the
Older Workers Benefit Protection Act; the Pennsylvania Human Relations Act; the
Pennsylvania Wage Payment and Collection Law;" 1981-1988 of Title 42 of the
U.S.C.; the Immigration Reform and Control Act; the National Labor Relations
Act; any amendments to the foregoing statutes; any other federal, state, or
local civil rights or employment-related law, regulation, or ordinance; any
public policy, contract, tort, or common law, including wrongful discharge,
reliance, or promissory estoppel; and any allegations for costs, fees, or other
expenses, including attorneys' fees.

     4.   Employee waives his/her right to file any action, charge, or complaint
on his/her own behalf, and to participate in any action, charge, or complaint
which may be made by any other person or organization on his/her behalf, with
any federal, state, or local judicial body, court, or administrative agency
against Employer, except where such waiver is prohibited by law. Should any such
action, charge, or complaint be filed, Employee agrees that he/she will not
accept any relief or recovery therefrom. Employee confirms that no action,
charge, or complaint of any kind is currently pending of which Employee is a
party or has knowledge. Except as prohibited by law, in the event that any such
action, charge, or complaint is filed, it shall be dismissed with prejudice upon
presentation of this Agreement and General Release and Employee shall reimburse
Employer for the fees and costs, including attorneys' fees, of defending such
action, charge, or complaint.

     5.   Employee agrees not to disclose any information regarding the
existence or substance of this Agreement and General Release, except to any
attorney with whom Employee chooses to consult regarding this Agreement, tax
advisors, immediate family members, or where such disclosure is required by law.

     6.   Employee agrees that neither this Agreement and General Release
nor the furnishing of the consideration for this Release shall be deemed or
construed at any time for any purpose as an admission by Employer of any
liability or unlawful conduct of any kind.

     7.   Employee agrees not to disclose any proprietary or confidential
policies, procedures, practices, trade secrets, or any other confidential
information of Employer to any person or entity, at any time, under any
circumstances.

     8.   In the event that Employee breaches, attempts to breach, or intends to
breach any provision of this Agreement and General Release, Employee agrees that
Employer will be entitled to proceed in any court of law or equity to stop or
prevent such breach, and will be entitled to any and all forms of relief,
including injunctive relief. Employee further agrees to reimburse Employer for
all fees and costs, including attorneys' fees, incurred as a result thereof.

     9.   Should any provision of this Agreement and General Release be declared
illegal or unenforceable by any court of competent jurisdiction and cannot be
modified to be enforceable, including the Release language, such provisions
shall immediately become null and void, leaving the remainder of this Agreement
and General Release in full force and effect.

                                      A-2
<PAGE>

However, if any portion of the Release language were ruled to be unenforceable
for any reason, Employee shall immediately return the consideration paid
hereunder to Employer.

     10.  By signing this Agreement, Employee represents and agrees that:

          (a)  this Agreement is entered into knowingly and voluntarily;

          (b)  that he/she is receiving consideration from Employer in addition
               to anything of value to which he/she is already entitled;

          (c)  that he/she has been given at least forty-five (45) days to
               consider this Agreement and has chosen to execute it on the date
               set forth below his/her signature;

          (d)  that he/she knowingly and voluntarily intends to be legally bound
               by this Agreement;

          (e)  that he/she has been provided with the job titles and ages of all
               individuals within the same organizational unit who were/were not
               terminated and who were/were not offered severance benefits
               (Exhibit "A");

          (f)  that he/she has been advised to consult with an attorney; and

          (g)  that he/she has seven (7) days following the execution of this
               Agreement to revoke the same, in which case the obligations of
               the parties to this Agreement shall be null and void, including
               all obligations contained in Paragraph 1.

     11.  This Agreement and General Release may not be modified, altered,
changed or terminated except upon express written consent of both parties.
Provided however, notwithstanding any provision of this Agreement to the
contrary, this Agreement shall become null and void and of no force or effect
and no benefits shall be due or paid pursuant to Paragraph 1 if the Merger shall
not be consummated.

     12.  This Agreement and General Release sets forth the entire agreement
between the parties hereof, and fully supersedes any prior agreements or
understandings between the parties.

                                      A-3
<PAGE>

                                   HARRIS SAVINGS BANK

____________________________       By:___________________________
Witness                            Date:_________________________

                                   EMPLOYEE

______________________________     ______________________________
Witness                            Print Name

                                   ______________________________
                                   Signature
                                   Date:_________________________

                                      A-4

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