Document:

EXHIBIT 10.32

                            THE MAHOPAC NATIONAL BANK
                   SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

THIS AGREEMENT is made this _____ day of _____________, 2000, by and between THE
MAHOPAC NATIONAL BANK, a national bank located in Mahopac, New York (the
"Bank"), and Stephen E. Garner (the "Executive").

                                  INTRODUCTION

To encourage the Executive to remain an employee of the Bank, the Bank is
willing to provide supplemental retirement benefits to the Executive. The Bank
will pay the benefits from its general assets.

                                    AGREEMENT

The Executive and the Bank agree as follows:

                                    Article I
                                   Definitions

1.1   Definitions. Whenever used in this Agreement, the following words and
phrases shall have the meanings specified:

         1.1.1   "Benefit Percentage"  means 75%.

         1.1.2   "Change of Control" means a "Significant Event" followed within
         twelve (12) months by the Executive's Termination of Employment for
         reasons other than death, Disability, retirement or Termination for
         Cause. Appendix A will identify specific events which will not be
         considered a Change of Control.

         1.1.3   "Disability" means the Executive suffering a sickness, accident
         or injury which, in the judgment of a physician satisfactory to the
         Bank, prevents the Executive from performing substantially all of the
         Executive's normal duties for the Bank. As a condition to any benefits,
         the Bank may require the Executive to submit to such physical or mental
         evaluations and tests as the Bank's Compensation Committee deems
         appropriate.

         1.1.4   "Election Form"  means the Form attached as Exhibit 1.

                                       1
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         1.1.5   "Early Retirement Date" means the date that the Executive has
         terminated employment after attaining his 55th birthday but before his
         65th birthday provided he has completed at least 12 Years of Service.

         1.1.6   "Early Termination" means the Termination of Employment before
         Early Retirement Date for reasons other than Death, Disability or
         Termination for Cause.

         1.1.7   "Final Pay" means the total annual base salary payable to the
         Executive at the rate in effect on the date specified. Final Pay shall
         not be reduced for any salary reduction contributions: (i) to cash or
         deferred arrangements under Section 401(k) of the Code; (ii) to a
         cafeteria plan under Section 125 of the Code; or (iii) to a deferred
         compensation plan that is not qualified under Section 401 (a) of the
         Code.

         1.1.8   "Insurance Death Benefit" means an amount equal to the product
         of $50,000 and the number of the Executive's Years of Service,
         provided, however, that in no event shall the Insurance Death Benefit
         exceed $500,000.

         1.1.9   "Normal Retirement Age"  means the Executive's 65th birthday.

         1.1.10  "Normal Retirement Date" means the later of the Normal
         Retirement Age or Termination of Employment.

         1.1.11  "Plan Year" means a twelve-month period commencing on April
         15th and ending on April 14th of each year. The initial Plan Year shall
         commence on the effective date of this Agreement.

         1.1.12  "Rabbi Trust" means an irrevocable trust that is established
         for the benefit of the Executive and is subject to the claims of the
         Bank's general bankruptcy and insolvency creditors in accordance with
         Article 4 of this Agreement.

         1.1.13  "Significant Event" means the transfer of 51% or more of the
         Bank's outstanding voting common stock.

         1.1.14  "Termination for Cause" see Section 6.1.

         1.1.15  "Termination without Cause" means the Executive ceasing to be
         actively employed by the Bank involuntarily for any reason whatsoever,
         other than death, Disability, Change of Control or Termination for
         Cause.

         1.1.16  "Termination of Employment" means the Executive's ceasing to be
         actively employed by the Bank for any reason whatsoever, voluntary or
         involuntary, other than by reason of an approved leave of absence.

                                       2
<PAGE>

         1.1.17  "Years of Service" means the computation of the number of
         periods of 12 consecutive months, herein set forth, during which the
         Executive has been continuously employed by the Bank. The initial
         computation period shall begin with the Executive's date of hire and
         end 12 consecutive months later. Additional computation periods, if
         any, will be counted for each 12 consecutive month period thereafter
         that begins on the same month and day as the initial computation period
         in the following years and end 12 consecutive months thereafter. If
         there are any approved leaves of absence, the Executive shall be
         considered continuously employed for purposes of this Agreement.

                                    Article 2
                               Retirement Benefits

   2.1   Normal Retirement Benefit. If the Executive terminates employment on or
after the Normal Retirement Age, the Bank shall pay to the Executive the benefit
described in Section 2.1.1. in monthly installments for the greater of 180
months or the Executive's lifetime, or in a lump sum as described in Section
2.1.4. as elected by the Executive on the Election Form.

         2.1.1   Amount of Benefit. The annual benefit under this Section 2.1 is
         an amount equal to the difference between (a) the product of the
         Executive's Final Pay and the Benefit Percentage, and (b) the sum of
         the following:

                  2.1.1.1  Social Security Benefits. The monthly unreduced
                  primary (not family) retirement benefit under the United
                  States Social Security Act that the Executive would be
                  eligible if the application were made as of the Executive's
                  65th birthday, assuming the Executive had earnings at or above
                  maximum contribution and benefit base under Section 230 of the
                  United States Social Security Act for his working career; and

                  2.1.1.2  Bank's Qualified Pension Plan Benefits. The
                  Executive's accrued normal retirement benefit amount due the
                  Executive from the Bank's defined benefit pension plan, when
                  stated as the actuarial equivalent single life annuity.

         2.1.2   Payment of Benefit. The Bank shall pay the benefit to the
         Executive commencing in equal monthly installments on the first day of
         each month following the Executive's 65th birthday unless an effective
         lump sum election was made by the Executive on the Election Form.

         2.1.3   Election Changes. The Executive may modify his benefit payment
         election prior to retirement or termination of employment by filing a
         subsequent signed Election Form with the Bank. The modified Election
         Form will not be effective until 12 months following the date in which
         the modified Election Form is received by the Bank.

                                       3
<PAGE>

         2.1.4   Lump Sum Benefit. In the event that a lump sum payment is to be
         made, the computation of a single sum benefit will be determined as
         follows: i) the monthly benefit will be determined under the
         appropriate paragraph of Article 2 herein, and ii) the single sum
         benefit will be determined by computing the present value of the
         projected stream of benefit payments using a discount rate equal to the
         then current 10 Year treasury rate, and a 180 month term of benefit
         payments.

   2.2   Early Retirement Benefit. If the Executive terminates employment on or
after the Early Retirement Date and before the Normal Retirement Age, and for
reasons other than death or Disability, the Bank shall pay to the Executive the
benefit described in Section 2.2., in monthly installments for the greater of
180 months or the Executive's lifetime, or in a lump sum as described in Section
2.2.4 as elected by the Executive on the Election Form.

         2.2.1   Amount of Benefit. The annual benefit under this Section 2.2
         shall be an amount equal to the annual benefit calculated under Section
         2.1.1 as if the date of the Executive's Termination of Employment was
         the Executive's Normal Retirement Date, multiplied by the applicable
         percentage from Schedule B.

         2.2.2   Payment of Benefit. The Bank shall pay the benefit to the
         Executive in equal monthly installments commencing on the first day of
         the month following the Executive's 65th birthday unless an effective
         lump sum election was made by the Executive on the Election Form.

         2.2.3   Election Changes. The Executive may modify his benefit payment
         election as provided in Section 2.1.3.

         2.2.4   Lump Sum Benefit. In the event that a lump sum election was
         made and is in effect, the computation of a single sum benefit shall be
         determined as provided in Section 2.1.4.

   2.3   Early Termination Benefit. If the Executive terminates employment
voluntarily before the Early Retirement Date for reasons other than death or
Disability, the Bank shall have no obligation to pay, and the Executive shall
have no right to receive, any retirement benefit under this Agreement
whatsoever.

   2.4   Disability Benefit. Upon a Termination of Employment before the Normal
Retirement Age due to Disability, the Bank shall pay to the Executive the
benefit described in Section 2.4.1 in monthly installments for the greater of
180 months or the Executive's lifetime, or in a lump sum as described in Section
2.4.4 as elected by the Executive on the Election Form.

         2.4.1   Amount of Benefit. The annual benefit under this Section 2.4
         shall be an amount equal to the benefit calculated under Section 2.1.1
         as if the date of Termination of Employment was the Normal Retirement
         Date, multiplied by the applicable percentage from Schedule B.

                                       4
<PAGE>

         2.4.2   Payment of Benefit. The Bank shall pay the benefit to the
         Executive in equal monthly installments commencing on the first day of
         the month following the Executive's 65th birthday unless an effective
         lump sum election was made by the Executive on the Election Form.

         2.4.3   Election Changes. The Executive may modify his benefit payment
         election as provided in Section 2.1.3.

         2.4.4   Lump Sum Benefit. In the event that a lump sum payment election
         was made and is in effect, the computation of a single sum benefit
         shall be determined as provided in Section 2.1.4.

   2.5   Termination without Cause Benefit. If the Executive's employment is
terminated as a result of a Termination without Cause as defined in Section
1.1.15, then the Bank shall pay to the Executive the benefit described in this
Section 2.5.

         2.5.1   Amount of Benefit. The annual benefit under this Section 2.5
         shall be an amount equal to the benefit calculated under Section 2.1.1
         as if the date of Termination of Employment was the Normal Retirement
         Date, multiplied by a fraction (which shall not exceed 1.0), the
         numerator of which is the Executive's actual Years of Service and the
         denominator of which is 17, and multiplied by the applicable percentage
         from Schedule B.

         2.5.2   Payment of Benefit. The Bank shall pay the benefit to the
         Executive in equal monthly installments commencing on the first day of
         each month following the Executive's 65th birthday unless an effective
         lump sum election was made by the Executive on the Election Form.

    2.6  Change of Control Benefit. If the Executive is eligible to receive
benefits under Section 2.1 or Section 2.2 or Section 2.5 of this Agreement on
the date of a Change of Control, then the Bank shall pay to the Executive the
benefit described in that Section in lieu of any other benefit due and owing
under this Agreement. The Bank shall have no obligation to pay, and the
Executive shall have no right to receive, any other benefit under this
Agreement.

         2.6.1   Payment of Benefit. In the event of a Change of Control or if
         it is imminent that a Change of Control will occur within six (6)
         months, the Bank shall establish a Rabbi Trust and shall place in the
         Rabbi Trust the present value of the amounts necessary to fully fund
         the Bank's benefit obligation to the Executive, reduced by the amounts,
         if any, which the Bank has paid to the Executive (or his beneficiary)
         in accordance with the Agreement. The trustee of the Rabbi Trust shall
         pay the benefit to the Executive commencing on the first day of the
         month following the Executive's 65th birthday in the form elected by
         the Executive on the Election Form.

         2.6.2   Election Changes. The Executive may modify his benefit payment
         election as provided in Section 2.1.3.

                                       5
<PAGE>

         2.6.3   Lump Sum Benefit. The computation of a single sum benefit shall
         be determined as provided in Section 2.1.4.

                                    Article 3
                                 Death Benefits

   3.1   Death During Active Service. If the Executive dies while in the active
service of the Bank provided that the death occurs prior to the Executive's
Normal Retirement Age, the Bank shall pay to the Executive's beneficiary the
benefit described in this Section 3.1.

         3.1.1   Amount of Benefit. The annual benefit under this Section 3.1 is
         an amount equal to the Executive's projected annual retirement benefit
         as per the attached Schedule A.

         3.1.2   Payment of Benefit. The Bank shall pay the annual benefit to
         the Executive's beneficiary in 12 equal monthly installments payable on
         the first day of each month commencing with the month following the
         Executive's date of death. The Executive shall receive the monthly
         installments for a total of 180 months.

   3.2   Death During Benefit Period. If the Executive dies after benefit
payments have commenced under this Agreement but before receiving all such
payments, the Bank shall pay the remaining benefits to the Executive's
beneficiary at the same time they would have been paid to the Executive had the
Executive survived; provided, however, that the Executive (and beneficiary)
shall have no right to receive, and the Bank shall have no obligation to pay,
more than 180 monthly payments (including all payments made prior to the
Executive's death).

   3.3   Death After Termination of Employment But Before Benefit Payments
Commence. If the Executive is entitled to benefit payments under this Agreement,
but dies prior to the commencement of said benefit payments, the Bank shall pay
the benefit payments to the Executive's beneficiary that the Executive was
entitled to prior to death in 180 monthly payments commencing on the first day
of the month following the date of the Executive's death.

   3.4   Death After Effective Date of this Agreement. If the Executive dies
after the effective date of this Agreement and the Insurance Death Benefit
exceeds the benefits that the Executive has earned under Articles 2 or 3, then,
in lieu of the earned benefits under Article 2 or 3, the Bank shall pay the
Executive's beneficiary an amount equal to the Insurance Death Benefit. In such
an event, the Bank shall have no obligation to pay, and the Executive shall have
no right to receive, any other benefit under this Agreement. All such amounts
shall be paid in 180 monthly payments commencing on the first day of the month
following the date of the Executive's death. It shall be the obligation of the
beneficiary to notify the Bank in the event of the Executive's death.

                                       6
<PAGE>

                                    Article 4
                                   Rabbi Trust

   4.1   Establishment of Rabbi Trust. The Bank may establish a Rabbi Trust into
which the Bank may contribute assets which shall be held therein, subject to the
claims of the Bank's creditors in the event of the Bank's "Insolvency" as
defined in the document which establishes such Rabbi Trust, until the
contributed assets are paid to the Executive and the Executive's beneficiaries
in such manner and at such times as specified in this Agreement. The Bank may
make contributions to the Rabbi Trust to provide the Bank with a source of funds
to assist it in meeting the liabilities of this plan. The Rabbi Trust shall be a
grantor trust, the assets of the trust shall be carried on the Bank's balance
sheet and said trust assets shall only be invested in assets which the FDIC
allows. In the event of a Change of Control, sufficient assets may be
contributed to the Rabbi Trust to fully fund the Bank's benefit obligation to
the Executive, reduced by the amounts, if any, which the Bank has paid to the
Executive or the Executive's beneficiary in accordance with this Agreement. The
Rabbi Trust and any assets held therein shall conform to the terms of the Rabbi
Trust agreement which may be established. To the extent the language in this
Agreement is modified by the language in the Rabbi Trust agreement, the Rabbi
Trust agreement shall supersede this Agreement.

                                    Article 5
                                  Beneficiaries

   5.1   Beneficiary Designations. The Executive shall designate a beneficiary
by filing a written designation with the Bank. The Executive may revoke or
modify the designation at any time by filing a new designation. However,
designations will only be effective if signed by the Executive and accepted by
the Bank during the Executive's lifetime. The Executive's beneficiary
designation shall be deemed automatically revoked if the beneficiary predeceases
the Executive or if the Executive names a spouse as beneficiary and the marriage
is subsequently dissolved. If the Executive dies without a valid beneficiary
designation, all payments shall be made to the Executive's estate.

   5.2   Facility of Payment. If a benefit is payable to a minor, to a person
declared incompetent, or to a person incapable of handling the disposition of
his or her property, the Bank may pay such benefit to the guardian, legal
representative or person having the care or custody of such minor, incompetent
person or incapable person. The Bank may require proof of incompetence, minority
or guardianship as it may deem appropriate prior to distribution of the benefit.
Such distribution shall completely discharge the Bank from all liability with
respect to such benefit.

                                       7
<PAGE>

                                    Article 6
                               General Limitations

Notwithstanding any provision of this Agreement to the contrary, the Bank shall
have no obligation to pay, and the Executive shall have no right to receive, any
benefit under this Agreement upon the occurrence of any of the following:

   6.1   Termination for Cause. If the Bank terminates the Executive's
employment for:

         6.1.1   Gross dereliction of duties; or

         6.1.2   Conduct that offends the standards of the community to such an
         extent that the good name and reputation of the Bank and/or The Bank of
         Castile and/or Tompkins County Trust Company and/or Tompkins Trustco,
         Inc. and/or any other subsidiary or affiliate of Tompkins Trustco, Inc.
         is significantly damaged within any of the communities served by such
         entities.

   6.2   Suicide or Misstatement. No benefits shall be payable if the Executive
commits suicide within two years after the date of this Agreement, or if the
Executive has made any material misstatement of fact on any application for life
insurance purchased by the Bank.

                                    Article 7
                          Claims and Review Procedures

   7.1   Claims Procedure. The Bank shall notify any person or entity that makes
a claim under this Agreement (the "Claimant") in writing, within ninety (90)
days of Claimant's written application for benefits, of his or her eligibility
or ineligibility for benefits under the Agreement. If the Bank determines that
the Claimant is not eligible for benefits or full benefits, the notice shall set
forth (1) the specific reasons for such denial, (2) a specific reference to the
provisions of the Agreement on which the denial is based, (3) a description of
any additional information or material necessary for the Claimant to perfect his
or her claim, and a description of why it is needed, and (4) an explanation of
the Agreement's claims review procedure and other appropriate information as to
the steps to be taken if the Claimant wishes to have the claim reviewed. If the
Bank determines that there are special circumstances requiring additional time
to make a decision, the Bank shall notify the Claimant of the special
circumstances and the date by which a decision is expected to be made, and may
extend the time for up to an additional ninety-day period.

                                       8
<PAGE>

   7.2   Review Procedure. If the Claimant is determined by the Bank not to be
eligible for benefits, or if the Claimant believes that he or she is entitled to
greater or different benefits, the Claimant shall have the opportunity to have
such claim reviewed by the Bank by filing a petition for review with the Bank
within sixty (60) days after receipt of the notice issued by the Bank. Said
petition shall state the specific reasons which the Claimant believes entitle
him or her to benefits or to greater or different benefits. Within sixty (60)
days after receipt by the Bank of the petition, the Bank shall afford the
Claimant (and counsel, if any) an opportunity to present his or her position to
the Bank orally or in writing, and the Claimant (or counsel) shall have the
right to review the pertinent documents. The Bank shall notify the Claimant of
its decision in writing within the sixty-day period, stating specifically the
basis of its decision, written in a manner calculated to be understood by the
Claimant and the specific provisions of the Agreement on which the decision is
based. If, because of the need for a hearing, the sixty-day period is not
sufficient, the decision may be deferred for up to another sixty-day period at
the election of the Bank, but notice of this deferral shall be given to the
Claimant. The terms of this Section do not limit the ability of either party to
pursue a claim in court or through arbitration.

                                    Article 8
                           Amendments and Termination

   8.1   This Agreement may be amended or terminated only by a written agreement
signed by the Bank and the Executive, or their respective successors and may not
be otherwise terminated except as provided herein.

                                    Article 9
                                  Miscellaneous

   9.1   Binding Effect. This Agreement shall bind the Executive and the Bank,
and their beneficiaries, survivors, executors, administrators and transferees.

   9.2   No Guarantee of Employment. This Agreement is not an employment policy
or contract. It does not give the Executive the right to remain an employee of
the Bank, nor does it interfere with the Bank's right to discharge the
Executive. It also does not require the Executive to remain an employee nor
interfere with the Executive's right to terminate employment at any time.

   9.3   Non-Transferability. Benefits under this Agreement cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner.

   9.4   Tax Withholding. The Bank shall withhold any taxes that are required to
be withheld from the benefits provided under this Agreement.

                                       9
<PAGE>

   9.5   Applicable Law. This Agreement and all rights hereunder shall be
governed by and construed according to the laws of New York, except to the
extent preempted by the laws of the United States of America; provided, however,
that with respect to the Policies owned by the Bank or any insurable interest
issues, the laws of Delaware shall govern.

   9.6   Unfunded Arrangement. The Executive and beneficiary are general
unsecured creditors of the Bank for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Bank to pay such
benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on the Executive's life is a general
asset of the Bank to which the Executive and beneficiary have no preferred or
secured claim.

   9.7   Entire Agreement. This Agreement constitutes the entire agreement
between the Bank and the Executive as to the subject matter hereof. No rights
are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.

   9.8   Administration. The Bank shall have powers which are necessary to
administer this Agreement, including but not limited to:

         9.8.1   Interpreting the provisions of the Agreement;

         9.8.2   Establishing and revising the method of accounting for the
         Agreement;

         9.8.3   Maintaining a record of benefit payments; and

         9.8.4   Establishing rules and prescribing any forms necessary or
         desirable to administer the Agreement.

   9.9   Named Fiduciary. For purposes of the Employee Retirement Income
Security Act of 1974, if applicable, the Bank shall be the named fiduciary and
plan administrator under the Agreement. The named fiduciary may delegate to
others certain aspects of the management and operation responsibilities of the
plan including the employment of advisors and the delegation of ministerial
duties to qualified individuals.

IN WITNESS WHEREOF, the Executive and a duly authorized Bank officer have signed
this Agreement to be effective as of the date first above written.

Executive:                              Bank:
                                        THE MAHOPAC NATIONAL BANK

---------------------------------
                                        By
                                           --------------------------------
                                        Title
                                              -----------------------------

                                       10
<PAGE>

Stephen E. Garner

                                  EXHIBIT I TO
                   SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

                           Normal Retirement Benefits
                           --------------------------
I elect to receive my Normal Retirement Benefits under Section 2.1.2 of the
Agreement in the following form:
[Initial One]

_____ Lump sum

_____ Monthly installments for the greater of: (1) 180 months; or (2) my
      lifetime.

                            Early Retirement Benefits
                            -------------------------
I elect to receive my Early Retirement Benefits under Section 2.2.2 of the
Agreement in the following form:
[Initial One]

_____ Lump sum

_____ Monthly installments for the greater of: (1) 180 months; or (2) my
      lifetime.

                               Disability Benefits
                               -------------------
I elect to receive my Disability Benefits under Section 2.4.3 of the Agreement
in the following form:
[Initial One]

_____ Lump sum

_____ Monthly installments for the greater of: (1) 180 months; or (2) my
      lifetime.

                           Change of Control Benefits
                           --------------------------
I elect to receive my Change of Control Benefits under Section 2.6.1 of the
Agreement in the following form:
[Initial One]

_____ Lump sum

_____ Monthly installments for the greater of: (1) 180 months; or (2) my
      lifetime.

I understand that I may change the form of benefit elected as described in
Article 2 under the Agreement.

Signature ____________________________________

Date ________________________________________

Accepted by the Bank this ________ day of _______________   , _____.

By ________________________________________

Title _______________________________________

                                       11
<PAGE>

                            THE MAHOPAC NATIONAL BANK
                   SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

                  BENEFICIARY DESIGNATION FOR Stephen E. Garner

I designate the following as beneficiary of any death benefits under The Mahopac
National Bank Supplemental Executive Retirement Agreement:

Primary: ___________________________________________________________________

____________________________________________________________________________

Contingent: ________________________________________________________________

____________________________________________________________________________

Note: To name a trust as beneficiary, please provide the name of the trustee(s)
and the exact name and date of the trust agreement.

I understand that I may change these beneficiary designations by filing a new
written designation with the Bank. I further understand that the designations
will be automatically revoked if the beneficiary predeceases me, or, if I have
named my spouse as beneficiary, in the event of the dissolution of our marriage.

Signature: __________________________________________________

Date:  _____________________________________________________

Accepted by the Bank this__________ day of _____________ ,  ______.

By: _______________________________________________________

Title: ______________________________________________________

                                       12
<PAGE>

                                   Schedule A

            ---------------------------------------------------------

             Name                       Projected Retirement Benefit
            ---------------------------------------------------------

             Stephen E. Garner                    144,167
            ---------------------------------------------------------

* Assumes a 3% salary scale and 3% inflation for social security calculation.
Benefit formula is 75% of Final Pay offset by 100% of Social Security and 100%
of any Qualified Pension Plan benefits.

The amount will be automatically updated for actual salary changes as they
occur.

                                       13

<PAGE>

                                   Schedule B

            -----------------------------------------------------------------
               Age at Early Retirement or                    Applicable
                      Termination                            Percentage
            -----------------------------------------------------------------
                     55 or Younger                               70%
            -----------------------------------------------------------------
                          56                                     73%
            -----------------------------------------------------------------
                          57                                     76%
            -----------------------------------------------------------------
                          58                                     79%
            -----------------------------------------------------------------
                          59                                     82%
            -----------------------------------------------------------------
                          60                                     85%
            -----------------------------------------------------------------
                          61                                     88%
            -----------------------------------------------------------------
                          62                                     91%
            -----------------------------------------------------------------
                          63                                     94%
            -----------------------------------------------------------------
                          64                                     97%
            -----------------------------------------------------------------

                                       14
<PAGE>

                   SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT

                                   APPENDIX A

"Change of Control" as defined at Paragraph 1.1.2 and described further at
Paragraph 2.6 hereof shall not be deemed to have occurred should (i) members of
the Spain family elect to purchase all or any portion of the shares of capital
stock of The Mahopac National Bank owned by Tompkins Trustco Inc. or (ii)
Tompkins Trustco Inc. elect to purchase all of the shares of capital stock of
The Mahopac National Bank owned by the members of the Spain family and their
affiliates. Should the parties elect to mutually sell their shares to a third
party, then a "Change of Control" shall be deemed to have occurred.

                                       15Exhibit 10(a)

                               KNIGHT-RIDDER, INC.

                           EMPLOYEE STOCK OPTION PLAN

                      (As amended through January 22, 2002)

1.    PURPOSE

            The purpose of this Stock Option Plan (hereinafter referred to as
the "Plan") is to attract and retain key employees of Knight-Ridder, Inc.
(hereinafter referred to as the "Company") and its subsidiaries, by the grant of
options and stock appreciation rights.

            "Subsidiaries" as used herein shall mean corporations (other than
Knight-Ridder, Inc.) or partnerships in an unbroken chain of corporations and/or
partnerships beginning with Knight-Ridder, Inc. if, at the time of the granting
of the option or stock appreciation right, each of the corporations and
partnerships other than the last corporation or partnership in the unbroken
chain owns stock possessing 50% or more of the total combined voting power of
all classes of stock in a corporation in such chain or at least a 50%
partnership interest in such chain.

            The term "fair market value" of a share of common stock as of any
date shall be the mean between the highest and lowest sales price of a share of
common stock on the date in question as reported on the composite tape for
issues listed on the New York Stock Exchange. If no transaction was reported on
the composite tape in the common stock on such date, the prices used shall be
the prices reported on the nearest day preceding the date in question. If the
common stock is not then quoted on the composite tape, "fair market value" shall
be the closing sales price or the mean between the closing bid and asked prices
on the date in question, as applicable, as furnished by any member firm of the
New York Stock Exchange selected from time to time for that purpose by the
Compensation Committee.
<PAGE>
                                                                               2

            The term "incentive stock option" shall mean an option described in
Section 422(b) of the Internal Revenue Code of 1986, as amended.

2.    ADMINISTRATION OF THE PLAN

            The Plan shall be administered by a committee as appointed from time
to time by the Board of Directors of the Company, which committee shall consist
of not less than three (3) members of such Board of Directors, all of whom shall
be "nonemployee directors" within the meaning of Rule 16b-3 promulgated under
the Securities Exchange Act of 1934. Said committee shall be called the
"Compensation Committee."

            In administering the Plan, the Compensation Committee may adopt
rules and regulations for carrying out the Plan. The interpretation and decision
with regard to any question arising under the Plan made by the Committee shall,
unless overruled or modified by the Board of Directors of the Company, be final
and conclusive on all employees of the Company and its subsidiaries
participating or eligible to participate in the Plan.

3.    STOCK

            The stock which may be issued and sold pursuant to the exercise of
options or stock appreciation rights granted under the Plan may be authorized
and unissued common stock or shares of common stock reacquired by the Company
and held in treasury of a total number not exceeding [45,200,000] shares.

            The shares deliverable under the Plan shall be fully paid and
nonassessable shares. Any shares, in respect of which an option is granted under
the Plan which shall have for any reason expired or terminated, may be again
allotted under the Plan. Any shares covered by options which have been canceled
by reason of the exercise of related stock appreciation rights as provided in
the immediately following paragraph or which are used to exercise other options
or to satisfy tax withholding obligations shall not be available for other
options under the Plan.
<PAGE>
                                                                               3

            The exercise of options with respect to which stock appreciation
rights shall have been granted shall cause a corresponding cancellation of such
stock appreciation rights, and the exercise of stock appreciation rights issued
in respect of options shall cause a corresponding cancellation of such options.

            Each option and stock appreciation right granted under the Plan
shall be subject to the requirement and condition that if the Board of Directors
shall determine that the listing, registration or qualification upon any
securities exchange or under any state or federal law, or the approval or
consent of any governmental body is necessary or desirable as a condition of
granting such option or stock appreciation right, or the issue or purchase of
any shares thereunder, then no such option or stock appreciation right may be
exercised in whole or in part unless or until such listing, registration,
qualification, approval or consent has been obtained, free of any conditions
which are not acceptable to the Board of Directors of the Company.

4.    ELIGIBILITY

            Options and stock appreciation rights will be granted only to
persons who are employees of the Company and its subsidiaries (including
officers and directors except for persons acting as directors only). The
Compensation and Corporate Governance Committee of the Board of Directors of the
Company shall determine in its sole discretion the employees to be granted
options, the number of shares subject to each option, the employees to be
granted stock appreciation rights and the options with respect to which such
stock appreciation rights shall be granted. Subject to the provisions of Section
13 of the Plan, the maximum number of shares with respect to which options or
stock appreciation rights, or a combination thereof, may be granted under the
Plan to any person in any calendar year is 300,000.

                                                                               4
<PAGE>

5.    PRICE

            The purchase price under each option shall be determined by the
Compensation Committee subject to approval by the Board of Directors of the
Company, but such price shall not be less than one hundred percent (100%) of the
fair market value of the common stock at the time such option is granted.

6.    THE PERIOD OF THE OPTION AND THE EXERCISE OF THE SAME

            Each option granted under the Plan shall expire no later than ten
(10) years from the date such option is granted, but the Compensation Committee
may prescribe a shorter period for any individual option or options.

            The shares subject to the option may be purchased from time to time
during the option period, subject to any waiting period or vesting schedule the
Compensation Committee may specify for any individual option or options.

            In order to exercise the option or any part thereof, the employee
shall give notice in writing to the Company of his or her intention to purchase
all or part of the shares subject to the option, and in said notice the employee
shall set forth the number of shares as to which he or she desires to exercise
such option, and shall pay for such shares at the time of exercise of such
option. Such payment may be made in such manner as the Compensation Committee
may specify, which may include cash, delivery to the Company of shares of common
stock of the Company, delivery of proceeds of the sale of the option shares by
the Company's designated broker on behalf of the employee, and any other manner
permitted by law specified by the Committee. At the time of granting an option,
the Committee may impose conditions on the right to exercise an option.
<PAGE>
                                                                               5

            Except as specified in Sections 10 and 11 below, no option may be
exercised except by the Optionee personally while the Optionee e is in the
employ of the Company or its subsidiaries.

            No Optionee or his or her legal representative, legatees or
distributees, as the case may be, shall be or have any of the rights and
privileges of a shareholder of the Company by reason of such option unless and
until the shares are issued to him or her under the terms of the Plan.

7.    MERGER; REORGANIZATION; ACCELERATION

            In the event that the Company is a party to a merger or other
reorganization, outstanding Options shall be subject to the agreement of merger
or reorganization. Such agreement may provide, without limitation, for the
assumption of outstanding Options by the surviving corporation, or a parent or
subsidiary of such corporation ("Successor Corporation"), for their continuation
by the Company (if the Company is a surviving corporation), for accelerated
vesting or for their cancellation with or without consideration, in all cases
without the consent of the Optionee.

            Upon a Change in Control, all Options granted under the Plan and
held by Optionees whose employment with the Company has not terminated shall
vest and become exercisable as to all Shares subject to such Option in
accordance with the following provisions:

            (i)    If any of the Optionee's outstanding Options are assumed or
      an equivalent option is substituted by a Successor Corporation, or if any
      of the Optionee's outstanding Options are continued by the Company (if the
      Company is a surviving corporation), then the entire unvested portion of

<PAGE>
                                                                               6

      any Option shall remain subject to the vesting schedule in effect for such
      Option immediately prior to the Change in Control; unless, within one year
      of the Change in Control, (A) the Optionee is terminated without cause (as
      provided in Section 10), or (B) the Optionee Resigns for Good Reason, in
      which case, the entire unvested portion of any Option shall be deemed to
      have vested and become fully exercisable immediately prior to any such
      termination or resignation.

            (ii)    If any of the Optionee's outstanding options are not assumed
      or an equivalent option is not substituted by the Successor Corporation,
      and if any of the Optionee's outstanding Options are not continued by the
      Company (if the Company is a surviving corporation), all of the then
      unvested portion of the Option shall be deemed to have vested immediately
      prior to the Change in Control.

            "Change in Control" means the occurrence of any of the following:

            (i)    The consummation of a merger or consolidation of the Company
      with or into another entity or any other corporate reorganization, if more
      than 65% of the combined voting power of the continuing or surviving
      entity's securities outstanding immediately after such merger,
      consolidation or other reorganization is owned by persons who were not
      stockholders of the Company immediately prior to such merger,
      consolidation or other reorganization;

            (ii)   The sale, transfer or other disposition of all or
      substantially all of the Company's assets;

<PAGE>
                                                                               7
            (iii)  A change in the composition of the Board of Directors of the
      Company, as a result of which fewer that one-half of the incumbent
      directors are directors who either (i) had been directors of the Company
      on the date 24 months prior to the date of the event that may constitute a
      Change in Control (the "original directors") or (ii) were elected, or
      nominated for election, to the Board with the affirmative votes of at
      least a majority of the aggregate of the original directors who were still
      in office at the time of the election or nomination and the directors
      whose election or nomination was previously so approved; or

            (iv)   Any transaction as a result of which any person is the
      "beneficial owner" (as defined in Rule 13d-3 under the Securities Exchange
      Act of 1934), directly or indirectly, of securities of the Company
      representing at least 20% of the total voting power represented by the
      Company's then outstanding voting securities. For purposes of this
      subparagraph, the term "person" shall have the same meaning as when used
      in sections 13(d) and 14(d) of the Securities Exchange Act of 1934 but
      shall exclude:

            (A)    trustee or other fiduciary holding securities under an
            employee benefit plan of the Company or a subsidiary of the Company;
            and

            (B)    corporation owned directly or indirectly by the shareholders
            of the Company in substantially the same proportions as their
            ownership of the common stock of the Company.

<PAGE>
                                                                               8

            A transaction shall not constitute a Change in Control if its sole
            purpose is to change the state of the Company's incorporation or to
            create a holding company that will be owned in substantially the
            same proportions by the persons who held the Company's securities
            immediately before such transactions.

            "Resignation for Good Reason" means the Optionee's resignation due
to (i) a material diminution of Optionee's duties without Optionee's consent,
(ii) a diminution of Optionee's base salary in effect immediately prior to a
Change in Control, or (iii) a requirement that Optionee's commute distance
increase by more than fifty (50) miles without Optionee's consent.

            Notwithstanding the above provisions of this Section 7, if any
agreement between the Optionee and the Company provides greater rights to the
Optionee than does this Section 7 upon the occurrence of one or more of the
events described in this Section 7, the provisions of such other agreement shall
govern and shall supersede this Section 7.

8.    PROVISIONS REGARDING STOCK APPRECIATION RIGHTS

            A stock appreciation right granted under the Plan shall entitle the
holder thereof to receive from the Company, upon surrender of the related
option, payment of an amount, in cash, shares of common stock or a combination
thereof, as determined by the Compensation Committee, equal in value to (A) the
excess of the fair market value of a share of common stock on the date the stock
appreciation right is exercised over the option price provided for in the
related option, multiplied by (B) the number of shares with respect to which the
stock appreciation right was exercised. A stock appreciation right shall be

<PAGE>
                                                                               9

exercisable during the period commencing on a date specified by the Compensation
Committee and ending on the date on which the related option expires or is
earlier canceled or terminated. Notwithstanding the preceding sentence, the
Compensation Committee may provide for the grant of a stock appreciation right
which may be exercised only within a sixty-day period following certain events
specified by the Compensation Committee in the grant of such stock appreciation
right. Moreover, the Compensation Committee may provide that such stock
appreciation right shall be payable only in cash and that, in addition to
payment of the amount otherwise due upon exercise of such stock appreciation
right, the holder thereof shall receive (unless such stock appreciation right is
in tandem with an incentive stock option), an amount equal to the excess of the
highest price paid for a share of common stock in the open market or otherwise
over the sixty-day period prior to exercise over the fair market value of a
share of common stock on the date the stock appreciation right is exercised.

            In order to exercise the stock appreciation right or any part
thereof, the employee shall give notice in writing to the Company of his or her
intention to exercise such right, and in said notice the employee shall set
forth the number of shares as to which such employee desires to exercise the
stock appreciation right, provided that such right may not be exercised with
respect to a number of shares in excess of the number for which the related
option could then be exercised. Any limitations on the right to exercise the
related option shall also apply to the stock appreciation right.

            No holder of a stock appreciation right or such holder's legal
representatives, legatees or distributees, as the case may be, shall be or have
any of the rights and privileges of a shareholder of the Company by reason of
such stock appreciation right unless and until the shares are issued to such
holder under the terms of the Plan.

<PAGE>
                                                                              10

9.    NON-TRANSFERABILITY OF OPTION AND STOCK APPRECIATION RIGHT

            No option or stock appreciation right granted under the Plan to an
employee shall be transferred by him or her otherwise than by will or by the
laws of descent and distribution, and such option or stock appreciation right
shall be exercisable during the employee's lifetime only by him or her.

10.   TERMINATION OF EMPLOYMENT

            All options granted less than one year before an Optionee's
termination of employment shall terminate immediately upon such Optionee's
termination of employment. The remaining provisions of this Section 10 shall
apply to options granted one year or more before an Optionee's termination of
employment.

            Except as provided below, if an Optionee shall cease to be employed
by the Company or one of its subsidiaries, as the case may be, for any reason
other than death, disability or retirement pursuant to a retirement plan of the
Company or one of its subsidiaries, any option theretofore granted to the
Optionee which has not been exercised shall forthwith cease and terminate. The
Compensation Committee may provide in the grant of any option or in an amendment
of such grant that in the event of any such termination of employment (except
termination for "cause" as defined below), such option shall be exercisable
(solely to the extent it was exercisable on the date of the Optionee's
termination of employment) within the ninety days after the Optionee's
termination, but in no event after the expiration of the term of said option
prescribed pursuant to Section 6.

            The Company or any of its subsidiaries shall have "cause" to
terminate the Optionee's employment only on the basis of the Optionee's having
been guilty of fraud, misappropriation, embezzlement or any other act or acts of

<PAGE>
                                                                              11

dishonesty constituting a felony and resulting or intended to result directly or
indirectly in a substantial gain or personal enrichment to the Optionee at the
expense of the Company or any of its subsidiaries. Notwithstanding the
foregoing, the Optionee shall not be deemed to have been terminated for cause
unless and until there shall have been delivered to the Optionee a copy of a
resolution (i) duly adopted by three-quarters (3/4) of the entire membership of
the Compensation Committee, or of the Board of Directors of the Company, at a
meeting called and held for such purpose after reasonable notice to the Optionee
and an opportunity for the Optionee, together with the Optionee's counsel, to be
heard before such Committee or Board, as the case may be, and (ii) finding that
in the good faith opinion of such Committee or Board, as the case may be, the
Optionee was guilty of conduct described in the preceding sentence of this
paragraph and specifying the particulars of such conduct in detail. However, an
Optionee's right to exercise his outstanding options shall automatically be
suspended from the moment the Optionee is notified that the Company has
commenced an investigation into whether there are grounds for terminating the
Optionee's employment for "cause" until a determination has been made that no
such grounds exist.

            In the case of an Optionee employed by any of the subsidiaries of
the Company that were sold during 1997 or 1998 and whose employment with the
group consisting of the Company and its subsidiaries ceased as a result of such
sale, any option (other than an incentive stock option) theretofore granted to
the Optionee which has not been exercised as of the Optionee's termination of
employment shall become 100% vested and shall be exercisable within one (1) year
after the date of the subsidiary's sale by the Company, but in no event after
the expiration of the term of said option prescribed pursuant to Section 6.

<PAGE>
                                                                              12

            In the case of any Optionee employed at the Miami, Florida
headquarters of the Company at the time of the May 1998 announcement of the
reorganization of the Company who terminates employment with the Company because
(i) the Optionee's position is eliminated as a result of the reorganization or
(ii) the Optionee declines employment at the Company's new headquarters in San
Jose, California, any option (other than an incentive stock option) theretofore
granted to the Optionee which has not been exercised as of the Optionee's
termination of employment shall become 100% vested and shall be exercisable
within three (3) years following termination of employment, but in no event
after the expiration of the term of said option prescribed pursuant to Section
6.

11.   RETIREMENT, DISABILITY OR DEATH

            All options granted less than one year before an Optionee's
retirement, disability, or death shall terminate immediately upon such
Optionee's retirement, disability, or death. The remaining provisions of this
Section 11 shall apply to options granted one year or more before an Optionee's
retirement, disability, or death.

            In the event of the retirement of an Optionee pursuant to a
retirement plan of the Company or one of its subsidiaries, as the case may be,
the options theretofore granted to the Optionee shall be exercisable during such
period of time as the Compensation Committee shall specify in the option grant
either at the time of grant or by amendment, which period shall not exceed the
first to expire of: (i) one (1) year after the date of such retirement with
respect to incentive stock options, (ii) three (3) years after the date of such
retirement for Optionees whose retirement date is prior to July 1, 1997, (iii)
five (5) years after the date of such retirement for Optionees whose retirement
date is on or after July 1, 1997, and (iv) the expiration of the term of said
option prescribed pursuant to Section 6. Options not exercisable on the date of
an Optionee's retirement shall continue to become exercisable during such period
in accordance with the schedule specified by the Compensation Committee pursuant

<PAGE>
                                                                              13

to Section 6; provided that no additional options shall become exercisable
following an Optionee's death.

            In the event of the disability or death of an Optionee while in the
employ of the Company or one of its subsidiaries, or during the post-employment
period referred to in the immediately preceding paragraph, the options
theretofore granted to him shall be exercisable during such period of time as
the Compensation Committee shall specify in the option grant either at the time
of grant or by amendment, which period shall not exceed the first to expire of
the following: (i) one (1) year after the date of such disability or death, with
respect to incentive stock options, (ii) three (3) years after the date of such
disability if the date of such disability is prior to July 1, 1997, (iii) five
(5) years after the date of such disability if the date of such disability is on
or after July 1, 1997, (iv) three (3) years after the date of such death, (v)
the applicable post-retirement period as set forth in the preceding paragraph,
and (vi) the expiration of the term of said option prescribed pursuant to
Section 6. Options not exercisable on the date of an Optionee's termination of
employment by reason of disability shall continue to become exercisable during
such period in accordance with the schedule specified by the Compensation
Committee pursuant to Section 6; provided that no additional options shall
become exercisable following an Optionee's death.

            Such option (or the related stock appreciation right) may only be
exercised by the personal representative of such decedent or by the person or
persons to whom such employee's rights under the option shall pass by such
employee's Will or by the laws of Descent and Distribution of the state of such
employee's domicile at the time of death, and then only as and to the extent
that such employee was entitled to exercise the option on the date of death.

<PAGE>
                                                                              14

12.   WRITTEN AGREEMENT

            Within a reasonable time after the date of grant of an option, an
option and stock appreciation right, or a stock appreciation right related to a
previously granted option, a written agreement in a form approved by the
Compensation Committee shall be duly executed and delivered to the Optionee.

13.   ADJUSTMENT BY REASON OF RECAPITALIZATION, STOCK SPLITS,
      STOCK DIVIDENDS, ETC.

            If, after the effective date of this Plan, there shall be any
changes in the common stock structure of the Company by reason of the
declaration of stock dividends, recapitalization resulting in stock split-ups,
or combinations or exchanges of shares by reason of merger, consolidation, or by
any other means, then the number of shares available under the Plan, the shares
subject to any outstanding options, and the maximum number of shares with
respect to which options may be granted to any person shall be equitably and
appropriately adjusted by the Board of Directors of the Company as in its sole
and uncontrolled discretion shall seem just and reasonable in the light of all
the circumstances pertaining thereto.

14.   RIGHT TO TERMINATE EMPLOYMENT

            The Plan shall not confer upon any employee any right with respect
to being continued in the employ of the Company and its subsidiaries or
interfere in any way with the right of the Company and its subsidiaries to
terminate his or her employment at any time, nor shall it interfere in any way
with the employee's right to terminate his or her employment.

15.   WITHHOLDING AND OTHER TAXES

            The Company or one of its subsidiaries shall have the right to
withhold from salary or otherwise or to cause an Optionee (or the executor or
administrator of the Optionee's estate or his legatees or distributees) to make
payment of any Federal, State, or other (to the extent permitted by applicable

<PAGE>
                                                                              15
law, rule or regulation) taxes required to be withheld with respect to any
exercise of a stock option or a stock appreciation right. An Optionee may elect
to have the withholding tax obligation or, if the Compensation Committee so
determines, any additional tax obligation with respect to any exercise of a
stock option or stock appreciation right satisfied by (a) having the Company or
one of its subsidiaries withhold shares otherwise deliverable to the Optionee
with respect to such exercise, or (b) delivering shares of common stock to the
Company.

16.   AMENDMENT TO THE PLAN

            The Board of Directors shall have the right to amend, suspend or
terminate the Plan at any time; provided, however, that no such action shall
affect or in any way impair the rights of the holder of any option or stock
appreciation right theretofore granted under the Plan; and provided further,
that unless first duly approved by the common shareholders of the Company
entitled to vote thereon at a meeting (which may be the annual meeting) duly
called and held for such purpose, no amendment or change shall be made in the
Plan (a) increasing the total number of shares which may be purchased or
transferred upon exercise of options or stock appreciation rights under the Plan
by all employees; (b) changing the minimum purchase price hereinbefore specified
for the optioned shares; (c) changing the maximum option period; (d) increasing
the amount that may be received upon exercise of a stock appreciation right; or
(e) allowing a stock appreciation right to be exercised after the expiration
date of the related option.

17.   EFFECTIVE DATE OF THE PLAN

            The Plan shall be effective as of February 24, 1971.

18.   SAVINGS CLAUSE

            Each option and stock appreciation right shall be governed by the
terms of the Plan as in effect on the date of its grant unless the option or
stock appreciation right is expressly amended to include one or more Plan

<PAGE>
                                                                              16

provisions adopted after the date of grant. The Compensation Committee shall
have authority to amend outstanding options to include any provisions permitted
by the Plan as in effect at the time of such amendment.

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