Renewal of Employment Agreement between Gregory A. Duncan and Susquehanna Bancshares, Inc.

Summary

This agreement renews the employment of Gregory A. Duncan with Susquehanna Bancshares, Inc. for an additional three years starting February 28, 2004. The renewal continues under the terms of the original employment agreement dated March 12, 2001, as amended. Mr. Duncan's base salary is set at $316,020 per year. All other terms and conditions from the original agreement remain in effect.

EX-10.3 5 dex103.htm RENEWAL OF EMPLOYMENT AGREEMENT Renewal of Employment Agreement

Exhibit 10.3

RENEWAL OF

EMPLOYMENT AGREEMENT BETWEEN

GREGORY A. DUNCAN AND

SUSQUEHANNA BANCSHARES, INC.

As of February 28, 2004, the employment of Gregory A. Duncan is hereby deemed to be renewed for three (3) years under the terms and conditions per the Employment Agreement dated March 12, 2001 (but effective as of February 28, 2001), as amended.

The base salary as per Section 4.1 will be $316,020.00 per year.


	SUSQUEHANNA BANCSHARES, INC.
Attest:

/s/ Lisa M. Cavage	By:	/s/ Edward Balderston, Jr.
Secretary and Counsel	Edward Balderston, Jr.
	EVP & Chief Administrative Officer

[SEAL]