RENEWAL OF

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

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