Amendment to First National Bank of Chester County Supplemental Benefit Retirement Plan
This amendment updates the Supplemental Benefit Retirement Plan for employees of the First National Bank of Chester County. Effective January 1, 2005, it clarifies when retirement benefit payments can begin, allowing members to elect the start date after becoming eligible. The amendment is signed by a bank representative and ensures greater flexibility for plan participants regarding their retirement benefits.
Exhibit 10.21
AMENDMENT TO THE
FIRST NATIONAL BANK OF CHESTER COUNTY
SUPPLEMENTAL BENEFIT RETIREMENT PLAN
The First National Bank of Chester County Supplemental Retirement Benefit Plan is hereby amended in the following respects, effective January 1, 2005:
1. Section 3.3B is amended by adding the following to the end of the last sentence thereof: “, subject to any election under Section 3.4 by the Member as to when payments are to commence.”
2. Section 3.4 is amended by adding the following at the end of the first sentence thereof: “, beginning at any time after the Member becomes eligible to receive such benefit.”
| Dated: | June 19, 2008 |
| FIRST NATIONAL BANK OF CHESTER COUNTY | |
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| By: | /s/ Kevin C. Quinn |
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| Kevin C. Quinn |
