Renewal Employment Agreement between Drew K. Hostetter and Susquehanna Bancshares, Inc.

Contract Categories: Human Resources › Employment Agreements
Summary

This agreement renews the employment of Drew K. Hostetter with Susquehanna Bancshares, Inc. for an additional three years, starting January 16, 2002. The renewal continues under the terms of the original employment agreement dated March 12, 2001, as amended, with a base annual salary of $281,960. Both parties have agreed to these terms, and the agreement is signed by company representatives.

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EX-10.3 5 dex103.htm RENEWAL EMPLOYMENT AGREEMENT FOR DREW K. HOSTETTER Renewal Employment Agreement for Drew K. Hostetter
 
Exhibit 10.3
 
RENEWAL OF
 
EMPLOYMENT AGREEMENT BETWEEN
 
DREW K. HOSTETTER AND
 
SUSQUEHANNA BANCSHARES, INC.
 
As of Wednesday, January 16, 2002 employment of Drew K. Hostetter 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 $281,960 per year.
 
Attest:
   
SUSQUEHANNA BANCSHARES, INC.
      
/s/ Lisa M. Cavage                                         
   
By: /s/ William J. Reuter                                     
Secretary
   
President and Chief Executive Officer
      
(SEAL)
     
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