SEC Contract Filing

Filing Date: 2017-12-20

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>emyb-20171220xex10_1.htm
<DESCRIPTION>EX-10.1
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 20171220 8K Exhibit 101
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 <a name="_GoBack"></a><font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">AMENDMENT NO. </font><font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">2 &nbsp;</font><font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">TO </font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;text-decoration:underline;">SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT</font>
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 <font style="display: inline;font-size:11pt;">THIS AMENDMENT NO. </font><font style="display: inline;font-size:11pt;">2 &nbsp;</font><font style="display: inline;font-size:11pt;">TO SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (&#x201C;Amendment&#x201D;) is made as of the </font><font style="display: inline;font-size:11pt;">20th </font><font style="display: inline;font-size:11pt;">day of </font><font style="display: inline;font-size:11pt;">December</font><font style="display: inline;font-size:11pt;">, &nbsp;</font><font style="display: inline;font-size:11pt;">2017</font><font style="display: inline;font-size:11pt;">, by and between JUDITH A. HUNSICKER (&#x201C;Executive&#x201D;) and EMBASSY BANK FOR THE LEHIGH VALLEY, a Pennsylvania banking institution having its principal office in Bethlehem, Pennsylvania (the &#x201C;Bank&#x201D;).</font>
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 <font style="display: inline;font-size:11pt;">WITNESSETH</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">WHEREAS</font><font style="display: inline;font-size:11pt;">, the Bank and the Executive entered into a Supplemental Executive Retirement Plan Agreement dated </font><font style="display: inline;font-size:11pt;">December </font><font style="display: inline;font-size:11pt;">23, 2015</font><font style="display: inline;font-size:11pt;"> (as the same may be amended from time to time, the &#x201C;SERP&#x201D;); and</font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">WHEREAS</font><font style="display: inline;font-size:11pt;">, the Bank and the Executive desire to amend the SERP to increase the amount of the benefit thereunder.&nbsp; </font>
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 <font style="display: inline;font-weight:bold;font-size:11pt;">NOW, THEREFORE</font><font style="display: inline;font-size:11pt;">, in consideration of the mutual covenants and agreements set forth herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto, intending to be legally bound hereby, agree as follows:</font>
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 <font style="display: inline;font-size:11pt;">1.</font><font style="display: inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 29.4pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;">Paragraph 1(b) of the SERP is hereby amended to provide that the Normal Retirement Supplemental Pension (as defined in the SERP) shall be $</font><font style="display: inline;font-size:11pt;">38,268</font><font style="display: inline;font-size:11pt;">. &nbsp;</font>
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 <font style="display: inline;font-size:11pt;">2.</font><font style="display: inline;font-size:11pt;;font-size: 11pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 29.4pt 0pt 0pt;"></font><font style="display: inline;font-size:11pt;">In all other respects, the SERP, as amended above, is hereby ratified and confirmed by the Bank and the Executive.&nbsp;&nbsp;All other provisions of the SERP shall remain in full force and effect as amended hereby. </font>
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