Document:

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                                                                    EXHIBIT 10.6

                                    AGREEMENT

        This Agreement (the "Agreement") made the ________ day of
__________________, 1994, by and between USBANCORP, Inc. (the "Company"), a
Pennsylvania corporation, having its principal place of business at Main and
Franklin Streets, Post Office Box 430, Johnstown, Pennsylvania 15907-0430, and
RONALD W. VIRAG ("Executive").

        WHEREAS, the Executive is the President and Chief Executive Officer of
USBANCORP Trust Company, ("USBANCORP Trust"), a trust company organized under
Pennsylvania law, directly owned by the Company.

        WHEREAS, the Board of Directors of the Company (the "Board") has
determined that it is in the best interest of the Company and its shareholders
to ensure that the Company and USBANCORP Trust will have the continued
dedication of the Executive, notwithstanding the possibility, threat or
occurrence of a Change in Control (as defined below) of the Company. The Board
believes it is imperative to diminish the inevitable distraction of the
Executive by virtue of the personal uncertainties and risks created by a pending
or threatened Change in Control and to encourage the Executive's full attention
and dedication to USBANCORP Trust currently and in the event of any threatened
or pending Change in Control, and to provide the Executive with compensation and
benefits arrangements upon a Change in Control which ensure that the
compensation and benefits expectations of the Executive will be satisfied and
which are competitive with those of other corporations.
<PAGE>   2
        NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, and intending to be legally bound hereby, the parties hereto
agree as follows:

        1.     Term. This Agreement shall be for a three (3) year period
commencing on the date first set forth above and shall be automatically renewed
on the first and on each subsequent annual anniversary of the above day and
month ("Annual Renewal Date") for a period ending three (3) years from each
Annual Renewal Date unless either party shall give written notice of non-renewal
at least sixty (60) days prior to the Annual Renewal Date.

        2.     Change in Control.  As used in this Agreement, Change in Control
shall mean the occurrence of any of the following:

               (a)  any "person" or "group" (as those terms are defined or used
        in Section 13(d) of the Securities Exchange Act of 1934 (the "Exchange
        Act"), as enacted and in force on the date hereof) is or becomes the
        "beneficial owner" (as that term is defined in Rule 13d-3 under the
        Exchange Act, as enacted and in force on the date hereof) of securities
        of the Company representing 24.99% or more of the combined voting power
        of the Company's securities then outstanding;

               (b)  there occurs a merger, consolidation, share exchange,
        division or other reorganization involving the Company and another
        entity in which Company shareholders do not continue to hold a majority
        of the capital stock of the resulting entity, or a sale, exchange,
        transfer, or other

                                       -2-
<PAGE>   3
        disposition of substantially all of the assets of the Company to another
        entity or other person; or

               (c)  there occurs a contested proxy solicitation or solicitations
        of the Company's shareholders which results in the contesting party or
        parties obtaining the ability to elect a majority of the members of the
        Board of Directors standing for election at one or more meetings of the
        Company's shareholders.

        3.     Triggering Events. If a Change in Control shall occur and if
thereafter, at any time during the term of this Agreement there shall be:

               (a)  any involuntary termination of the Executive by USBANCORP
        Trust, other than for Cause as defined in Section 4 below;

               (b)  any reduction in the Executive's title, responsibilities,
        including reporting responsibilities, or authority, including such
        title, responsibilities, or authority as such may be increased from time
        to time during the term of this Agreement;

               (c)  the assignment to the Executive of duties inconsistent with
        the Executive's office as such duties existed on the day immediately
        prior to the date of a Change in Control;

               (d)  any reduction in the Executive's annual base salary in
        effect on the day immediately prior to the date of a Change in Control;

                                       -3-
<PAGE>   4
               (e)  any failure to continue the Executive's participation, on
        substantially similar terms, in any incentive compensation or bonus
        plans of USBANCORP Trust in which the Executive participated in
        immediately prior to the Change in Control, or any change or amendment
        to any of the substantive provisions of any of such plans which would
        materially decrease the potential benefits to the Executive under any of
        such plans;

               (f)  any failure to provide the Executive with benefits at least
        as favorable as those enjoyed by the Executive under any pension, life
        insurance, medical, health and accident, disability or other employee
        plans of USBANCORP Trust in which the Executive participated in
        immediately prior to the time of the Change in Control, or the taking of
        any action that would materially reduce any of such benefits in effect
        at the time of the Change in Control, unless such reduction relates to a
        reduction in benefits applicable to all employees generally; or

               (g) any breach of any provision of this Agreement by the Company
        or USBANCORP Trust, which breach shall not have been cured by the
        Company or USBANCORP Trust within thirty (30) days of the Company's
        receipt from the Executive or his agent of written notice specifying in
        reasonable detail the nature of the Company's or USBANCORP Trust's
        breach;

                                       -4-
<PAGE>   5
then Executive, at his sole discretion, may upon no less than ninety (90) days
written notice to Company, resign from employment with USBANCORP Trust (or, if
involuntarily terminated, give notice of intention to collect benefits under
this Agreement) by delivering written notice to the Company at any time during
the term of this Agreement.

        4.     Termination of Executive for Cause. Upon or following a Change in
Control, the Company or USBANCORP Trust shall have the right at any time to
terminate the Executive's employment for Cause. In such event, the Company shall
give prompt notice to the Executive, specifying in reasonable detail the basis
for such termination. For purposes of this Agreement, "Cause" shall mean the
following conduct of the Executive:

               (a)  Material breach of any provision of this Agreement, which
        breach Executive shall have failed to cure within thirty (30) days after
        Employee's receipt of written notice from the Company specifying the
        specific nature of the Executive's breach;

               (b)  Willful misconduct of Executive that is materially inimical
        to the best interests, monetary or otherwise, of the Company or
        USBANCORP Trust;

               (c)  Conviction of a felony or of any crime involving moral
        turpitude, fraud or deceit;

               (d)  Adjudication as a bankrupt under the United States
        Bankruptcy Code.

                                       -5-
<PAGE>   6
        5.     Compensation and Benefits. Upon the occurrence of an event set
forth in Section 3 hereof and the delivery of a notice of termination to the
Company pursuant to Section 3 hereof, the Executive shall be absolutely entitled
to receive the compensation and benefits set forth below:

               (a)  the Executive shall select, in his absolute discretion, and
        receive either (i) monthly installments equal to one thirty-sixth (1/36)
        of an amount equal to 2.99 times the following: (x) During the initial
        three-year term of this Agreement (the "Initial Term") commencing on the
        date hereof, the highest combined base salary and bonus paid or payable
        to the Executive in the then current year or in any one of the last five
        fiscal years preceding the Executive's delivery of a notice of
        termination; or (y) After the expiration of the Initial Term, the
        quotient obtained by dividing the sum of the Executive's combined salary
        and bonuses in the five years preceding the Executive's delivery of a
        notice of termination by five, such monthly installments shall be
        payable for a period of one year (the "Payment Period") commencing on
        the first day of the first calendar month after Executive's delivery of
        notice of termination, or (ii) a one time lump sum payment equal to the
        non- discounted sum of the twelve (12) monthly payments provided for in
        Section 5(a)(i) immediately above;

               (b)  from the date of the notice of termination through and
        including the last day of the Payment Period, the

                                       -6-
<PAGE>   7
        Executive shall be entitled to continue to participate in the employee
        retirement plan(s) of the Company and any supplemental executive
        retirement plan(s) (including deferred profit sharing plan) or other
        plan in effect during the term of this Agreement designed to supplement
        payments made under such employee retirement plan, as the case may be,
        as if the Executive's employment had not terminated;

               (c)  from the date of the notice of termination through and
        including the last day of the Payment Period, the Executive shall be
        provided with life, disability, and medical insurance benefits at levels
        equivalent to the highest levels in effect for the Executive during any
        one of the three (3) calendar years preceding the year in which the
        notice of termination is delivered; and

               (d)  on the date of the notice of termination, all options held
        by the Executive to acquire common stock of the Company, to the extent
        not immediately exercisable by their terms, shall become immediately
        exercisable, and such options shall be exercisable by the Executive at
        any time prior to the earlier of the expiration date(s) of such stock
        options or the date which is ninety (90) days after the Executive's
        termination of employment with the Company.

     In the event the Executive is ineligible to continue participation in the
employee retirement plan of USBANCORP Trust and/or any supplemental executive
retirement plan (including deferred profit sharing plan) or other plan in effect
during the

                                      -7-
<PAGE>   8
term of this Agreement designed to supplement payments made under such employee
retirement plan or in any of USBANCORP Trust's
life, disability or medical insurance plans or programs, the Company shall, in
lieu of such participation, pay the Executive a dollar amount equal to the
dollar amount of the benefit forfeited by the Executive as a result of such
ineligibility or a dollar amount equal to the cost to the Executive to obtain
such benefits in the case of any life, disability or medical insurance plans or
programs.

        6. Beneficiary. Should the Executive die after entitlement but prior to
payment in full of amounts due pursuant to Section 5(a)(i) hereof, such monthly
payments shall continue (if such payment option was so elected by Executive) to
the Executive's designated beneficiary or his estate until such entitlement has
been paid in full.

        7. Employment at Will. This Agreement contains the entire understanding
of the Company and the Executive with respect to the subject matter hereof and,
subject to the provisions of any other agreement between the Executive and the
Company, the Executive shall remain an employee at will and nothing herein shall
confer upon the Executive any right to continued employment and shall not affect
the right of USBANCORP Trust to terminate the Executive for any reason not
prohibited by law; provided, however, that any such removal shall be without
prejudice to any rights the Executive may have to compensation and benefits as
provided for in Section 5 hereof.

                                       -8-
<PAGE>   9
        8. Arbitration. Except as otherwise provided herein, in the event of any
controversy, dispute or claim arising out of, or relating to this Agreement, or
the breach thereof, the parties may seek recourse only for temporary or
preliminary injunctive relief to the courts having jurisdiction thereof. If any
relief other than injunctive relief is sought, the Company and the Executive
agree that such underlying controversy, dispute or claim shall be settled by
arbitration conducted in Pittsburgh, Pennsylvania in accordance with this
Section 8 and the Commercial Arbitration Rules of the American Arbitration
Association ("AAA"). The matter shall be heard and decided, and awards rendered,
by a panel of three (3) arbitrators (the "Arbitration Panel"). The Company and
Executive shall each select one arbitrator from the AAA National Panel of
Commercial Arbitrators (the "Commercial Panel") and AAA shall select a third
arbitrator from the Commercial Panel. The award rendered by the Arbitration
Panel shall be final and binding as between the parties hereto and their heirs,
executors, administrators, successors and assigns, and judgment on the award may
be entered by any court having jurisdiction thereof. Each party shall pay their
professional fees, expenses and costs incurred in connection with the resolution
of any controversy, dispute or claim arising out of, or relating to this
Agreement.

        9. Assignment.  This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company, and the Company shall
require any successor to expressly

                                      -9-
<PAGE>   10
acknowledge and assume its obligation hereunder. This Agreement shall be void
and no further force and effect upon the Company's sale of all the voting stock
or assets of USBANCORP Trust to an unrelated third party or to combine with
another Company affiliate, except if it is reasonably demonstrated such sale was
at the request of a third party who has taken steps reasonably calculated to
effect a Change in Control or such sale otherwise arose in connection with or in
anticipation of a Change in Control. This Agreement shall inure to the extent
provided hereunder to the benefit of and be enforceable by the Executive or
his/her legal representatives, executors, administrators, successors, heirs,
distributees, devisees and legatees. The Executive may not delegate any of
his/her duties, responsibilities, obligations or positions hereunder to any
person and any such purported delegation by him/her shall be void and of no
force and effect.

        10. Prior Termination.  Anything in this Agreement to the contrary
notwithstanding, if the Executive's employment with USBANCORP Trust is
terminated prior to the date on which a Change in Control occurs either (a) by
the Company or USBANCORP Trust other than for Cause or (b) by the Executive for
any one of the reasons set forth in Section 3 hereof, and it is reasonably
demonstrated that such termination of employment (i) was at the request of a
third party who has taken steps reasonably calculated to effect the Change in
Control or (ii) otherwise arose in connection with or

                                      -10-
<PAGE>   11
anticipation of the Change in Control, then for all purposes of this Agreement
the termination shall deemed to have occurred upon a Change in Control and the
Executive will be entitled to the compensation and benefits provided for in
Section 5 hereof.

        11. Release. The Executive hereby acknowledges and agrees that prior to
the occurrence of the Executive's or his dependent's right to receive from the
Company or any of its representatives or agents any compensation or benefit to
be paid or provided to him or his dependents pursuant to Section 5 of this
Agreement, the Executive may be required by the Company, in its sole discretion,
to execute a release in a form reasonably acceptable to the Company, which
releases any and all claims the Executive has or may have against the Company or
its subsidiaries, agents, officers, directors, successors or assigns.

        12. Compliance with Laws. The parties hereto acknowledge and agree that
this Agreement and each party's enforcement of their rights hereunder are
subject to the Comprehensive Thrift and Bank Fraud Prosecutions Act of 1990 (12
USC 1828) as enacted and in force on the date hereof.

        13. Notice. Any notice required or permitted to be given under this
Agreement shall be sufficient if in writing, and if personally delivered or when
sent by first class certified or registered mail, postage prepaid, return
receipt requested -- in the case of the Executive, to his residence address as
set forth below, and in the case of the Company, to the address of its

                                      -11-
<PAGE>   12
principal place of business, in care of the Board -- or to such other person or
at such other address with respect to each party as such party shall notify the
other in writing.

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

Attest:                                     USBANCORP, Inc.

_____________________________               By:__________________________
Secretary                                      Terry K. Dunkle
                                               Chairman, President & CEO

                                            _____________________________(SEAL)
                                            Ronald W. Virag
                                            Address:  3 Greenbrier
                                                      Hurricane, West Virginia
                                                      25526

                                      -12-

                                             -12-<PAGE>   1
                                                                    EXHIBIT 10.7

                                    AGREEMENT

         This Agreement (the "Agreement") made the ________ day of
__________________, 1994, by and between USBANCORP, Inc. (the "Company"), a
Pennsylvania corporation, having its principal place of business at Main and
Franklin Streets, Post Office Box 430, Johnstown, Pennsylvania 15907-0430, and
KEVIN J. O'NEIL ("Executive").

         WHEREAS, the Executive is the President and Chief Executive Officer of
Standard Mortgage Corporation of Georgia, a mortgage banking corporation
("Standard") indirectly owned by the Company.

         WHEREAS, the Board of Directors of the Company (the "Board") has
determined that it is in the best interest of the Company and its shareholders
to ensure that the Company and Standard will have the continued dedication of
the Executive, notwithstanding the possibility, threat or occurrence of a Change
in Control (as defined below) of the Company. The Board believes it is
imperative to diminish the inevitable distraction of the Executive by virtue of
the personal uncertainties and risks created by a pending or threatened Change
in Control and to encourage the Executive's full attention and dedication to
Standard currently and in the event of any threatened or pending Change in
Control, and to provide the Executive with compensation and benefits
arrangements upon a Change in Control which ensure that the compensation and
benefits expectations of the Executive will be satisfied and which are
competitive with those of other corporations.

         NOW THEREFORE, in consideration of the premises and mutual covenants
contained herein, and intending to be legally bound hereby, the parties hereto
agree as follows:
<PAGE>   2
         1. Term. This Agreement shall be for a three (3) year period commencing
on the date first set forth above and shall be automatically renewed on the
first and on each subsequent annual anniversary of the above day and month
("Annual Renewal Date") for a period ending three (3) years from each Annual
Renewal Date unless either party shall give written notice of non-renewal at
least sixty (60) days prior to the Annual Renewal Date.

         2. Change in Control. As used in this Agreement, Change in Control
shall mean the occurrence of any of the following:

                  (a) any "person" or "group" (as those terms are defined or
         used in Section 13(d) of the Securities Exchange Act of 1934 (the
         "Exchange Act"), as enacted and in force on the date hereof) is or
         becomes the "beneficial owner" (as that term is defined in Rule 13d-3
         under the Exchange Act, as enacted and in force on the date hereof) of
         securities of the Company representing 24.99% or more of the combined
         voting power of the Company's securities then outstanding;

                  (b) there occurs a merger, consolidation, share exchange,
         division or other reorganization involving the Company and another
         entity in which Company shareholders do not continue to hold a majority
         of the capital stock of the resulting entity, or a sale, exchange,
         transfer, or other

                                      -2-
<PAGE>   3
         disposition of substantially all of the assets of the Company to
         another entity or other person; or

                  (c) there occurs a contested proxy solicitation or
         solicitations of the Company's shareholders which results in the
         contesting party or parties obtaining the ability to elect a majority
         of the members of the Board of Directors standing for election at one
         or more meetings of the Company's shareholders.

         3. Triggering Events. If a Change in Control shall occur and if
thereafter, at any time during the term of this Agreement there shall be:

                  (a) any involuntary termination of the Executive by Standard,
         other than for Cause as defined in Section 4 below;

                  (b) any reduction in the Executive's title, responsibilities,
         including reporting responsibilities, or authority, including such
         title, responsibilities, or authority as such may be increased from
         time to time during the term of this Agreement;

                  (c) the assignment to the Executive of duties inconsistent
         with the Executive's office as such duties existed on the day
         immediately prior to the date of a Change in Control;

                  (d) any reduction in the Executive's annual base salary in
         effect on the day immediately prior to the date of a Change in Control;

                                      -3-
<PAGE>   4
                  (e) any failure to continue the Executive's participation, on
         substantially similar terms, in any incentive compensation or bonus
         plans of Standard in which the Executive participated in immediately
         prior to the Change in Control, or any change or amendment to any of
         the substantive provisions of any of such plans which would materially
         decrease the potential benefits to the Executive under any of such
         plans;

                  (f) any failure to provide the Executive with benefits at
         least as favorable as those enjoyed by the Executive under any pension,
         life insurance, medical, health and accident, disability or other
         employee plans of Standard in which the Executive participated in
         immediately prior to the time of the Change in Control, or the taking
         of any action that would materially reduce any of such benefits in
         effect at the time of the Change in Control, unless such reduction
         relates to a reduction in benefits applicable to all employees
         generally; or

                  (g) any breach of any provision of this Agreement by the
         Company or Standard, which breach shall not have been cured by the
         Company or Standard within thirty (30) days of the Company's receipt
         from the Executive or his agent of written notice specifying in
         reasonable detail the nature of the Company's or Standard's breach;

                                       -4-
<PAGE>   5
then Executive, at his sole discretion, may upon no less than ninety (90) days
written notice to Company, resign from employment with Standard (or, if
involuntarily terminated, give notice of intention to collect benefits under
this Agreement) by delivering written notice to the Company at any time during
the term of this Agreement.

         4. Termination of Executive for Cause. Upon or following a Change in
Control, the Company or Standard shall have the right at any time to terminate
the Executive's employment for Cause. In such event, the Company shall give
prompt notice to the Executive, specifying in reasonable detail the basis for
such termination. For purposes of this Agreement, "Cause" shall mean the
following conduct of the Executive:

                  (a) Material breach of any provision of this Agreement, which
         breach Executive shall have failed to cure within thirty (30) days
         after Employee's receipt of written notice from the Company specifying
         the specific nature of the Executive's breach;

                  (b) Willful misconduct of Executive that is materially
         inimical to the best interests, monetary or otherwise, of the Company
         or Standard;

                  (c) Conviction of a felony or of any crime involving moral
         turpitude, fraud or deceit;

                  (d) Adjudication as a bankrupt under the United States
         Bankruptcy Code.

                                       -5-
<PAGE>   6
         5. Compensation and Benefits. Upon the occurrence of an event set forth
in Section 3 hereof and the delivery of a notice of termination to the Company
pursuant to Section 3 hereof, the Executive shall be absolutely entitled to
receive the compensation and benefits set forth below:

                  (a) the Executive shall select, in his absolute discretion,
         and receive either (i) monthly installments equal to one thirty-sixth
         (1/36) of an amount equal to 2.99 times the following: (x) During the
         initial three-year term of this Agreement (the "Initial Term")
         commencing on the date hereof, the highest combined base salary and
         bonus paid or payable to the Executive in the then current year or in
         any one of the last five fiscal years preceding the Executive's
         delivery of a notice of termination; or (y) After the expiration of the
         Initial Term, the quotient obtained by dividing the sum of the
         Executive's combined salary and bonuses in the five years preceding the
         Executive's delivery of a notice of termination by five, such monthly
         installments shall be payable for a period of one year (the "Payment
         Period") commencing on the first day of the first calendar month after
         Executive's delivery of notice of termination, or (ii) a one time lump
         sum payment equal to the non-discounted sum of the twelve (12) monthly
         payments provided for in Section 5(a)(i) immediately above;

                  (b) from the date of the notice of termination through and
         including the last day of the Payment Period, the

                                       -6-
<PAGE>   7
         Executive shall be entitled to continue to participate in the employee
         retirement plan(s) of the Company and any supplemental executive
         retirement plan(s) (including deferred profit sharing plan) or other
         plan in effect during the term of this Agreement designed to supplement
         payments made under such employee retirement plan, as the case may be,
         as if the Executive's employment had not terminated;

                  (c) from the date of the notice of termination through and
         including the last day of the Payment Period, the Executive shall be
         provided with life, disability, and medical insurance benefits at
         levels equivalent to the highest levels in effect for the Executive
         during any one of the three (3) calendar years preceding the year in
         which the notice of termination is delivered; and

                  (d) on the date of the notice of termination, all options held
         by the Executive to acquire common stock of the Company, to the extent
         not immediately exercisable by their terms, shall become immediately
         exercisable, and such options shall be exercisable by the Executive at
         any time prior to the earlier of the expiration date(s) of such stock
         options or the date which is ninety (90) days after the Executive's
         termination of employment with the Company.

         In the event the Executive is ineligible to continue participation in
the employee retirement plan of Standard and/or any supplemental executive
retirement plan (including deferred profit sharing plan) or other plan in effect
during the

                                       -7-
<PAGE>   8
term of this Agreement designed to supplement payments made under such employee
retirement plan or in any of Standard's life, disability or medical insurance
plans or programs, the Company shall, in lieu of such participation, pay the
Executive a dollar amount equal to the dollar amount of the benefit forfeited by
the Executive as a result of such ineligibility or a dollar amount equal to the
cost to the Executive to obtain such benefits in the case of any life,
disability or medical insurance plans or programs.

         6. Beneficiary. Should the Executive die after entitlement but prior to
payment in full of amounts due pursuant to Section 5(a)(i) hereof, such monthly
payments shall continue (if such payment option was so elected by Executive) to
the Executive's designated beneficiary or his estate until such entitlement has
been paid in full.

         7. Employment at Will. This Agreement contains the entire understanding
of the Company and the Executive with respect to the subject matter hereof and,
subject to the provisions of any other agreement between the Executive and the
Company, the Executive shall remain an employee at will and nothing herein shall
confer upon the Executive any right to continued employment and shall not affect
the right of Standard to terminate the Executive for any reason not prohibited
by law; provided, however, that any such removal shall be without prejudice to
any rights the Executive may have to compensation and benefits as provided for
in Section 5 hereof.

                                       -8-
<PAGE>   9
         8. Arbitration. Except as otherwise provided herein, in the event of
any controversy, dispute or claim arising out of, or relating to this Agreement,
or the breach thereof, the parties may seek recourse only for temporary or
preliminary injunctive relief to the courts having jurisdiction thereof. If any
relief other than injunctive relief is sought, the Company and the Executive
agree that such underlying controversy, dispute or claim shall be settled by
arbitration conducted in Pittsburgh, Pennsylvania in accordance with this
Section 8 and the Commercial Arbitration Rules of the American Arbitration
Association ("AAA"). The matter shall be heard and decided, and awards rendered,
by a panel of three (3) arbitrators (the "Arbitration Panel"). The Company and
Executive shall each select one arbitrator from the AAA National Panel of
Commercial Arbitrators (the "Commercial Panel") and AAA shall select a third
arbitrator from the Commercial Panel. The award rendered by the Arbitration
Panel shall be final and binding as between the parties hereto and their heirs,
executors, administrators, successors and assigns, and judgment on the award may
be entered by any court having jurisdiction thereof. Each party shall pay their
professional fees, expenses and costs incurred in connection with the resolution
of any controversy, dispute or claim arising out of, or relating to this
Agreement.

         9. Assignment. This Agreement shall be binding upon and inure to the
benefit of the successors and assigns of the Company, and the Company shall
require any successor to expressly

                                       -9-
<PAGE>   10
acknowledge and assume its obligations hereunder. This Agreement shall be void
and no further force and effect upon the Company's sale of all the voting stock
or assets of Standard to an unrelated third party, except if it is reasonably
demonstrated such sale was at the request of a third party who has taken steps
reasonably calculated to effect a Change in Control or such sale otherwise arose
in connection with or in anticipation of a Change in Control. This Agreement
shall inure to the extent provided hereunder to the benefit of and be
enforceable by the Executive or his/her legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. The
Executive may not delegate any of his/her duties, responsibilities, obligations
or positions hereunder to any person and any such purported delegation by
him/her shall be void and of no force and effect.

         10. Prior Termination. Anything in this Agreement to the contrary
notwithstanding, if the Executive's employment with Standard is terminated prior
to the date on which a Change in Control occurs either (a) by the Company or
Standard other than for Cause or (b) by the Executive for any one of the reasons
set forth in Section 3 hereof, and it is reasonably demonstrated that such
termination of employment (i) was at the request of a third party who has taken
steps reasonably calculated to effect the Change in Control or (ii) otherwise
arose in connection with or

                                      -10-
<PAGE>   11
anticipation of the Change in Control, then for all purposes of this Agreement
the termination shall deemed to have occurred upon a Change in Control and the
Executive will be entitled to the compensation and benefits provided for in
Section 5 hereof.

         11. Release. The Executive hereby acknowledges and agrees that prior to
the occurrence of the Executive's or his dependent's right to receive from the
Company or any of its representatives or agents any compensation or benefit to
be paid or provided to him or his dependents pursuant to Section 5 of this
Agreement, the Executive may be required by the Company, in its sole discretion,
to execute a release in a form reasonably acceptable to the Company, which
releases any and all claims the Executive has or may have against the Company or
its subsidiaries, agents, officers, directors, successors or assigns.

         12. Compliance with Laws. The parties hereto acknowledge and agree that
this Agreement and each party's enforcement of their rights hereunder are
subject to the Comprehensive Thrift and Bank Fraud Prosecutions Act of 1990 (12
USC 1828) as enacted and in force on the date hereof.

         13. Notice. Any notice required or permitted to be given under this
Agreement shall be sufficient if in writing, and if personally delivered or when
sent by first class certified or registered mail, postage prepaid, return
receipt requested -- in the case of the Executive, to his residence address as
set forth below, and in the case of the Company, to the address of its

                                      -11-
<PAGE>   12
principal place of business, in care of the Board -- or to such other person or
at such other address with respect to each party as such party shall notify the
other in writing.

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

Attest:                                 USBANCORP, Inc.

__________________________________      By:____________________________
Secretary                                  Orlando B. Hanselman, Executive
                                           Vice President

                                        __________________________________(SEAL)
                                        Kevin J. O'Neil
                                        Address: 9305 Saint Georgen Common
                                        Duluth, GA  30136

                                      -12-

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