This AGREEMENT made as of this 14th day of November 1997 by and between UNITY BANCORP, INC.,
a Delaware corporation having its principal place of business at 64 Old Highway 22, Clinton, New Jersey 08809
("UBI"), FIRST COMMUNITY BANK, a New Jersey state bank with its principal place of business located at
64 Old Highway 22, Clinton, New Jersey 08809 ("FCB") (UBI and FCB jointly referred to herein as the
"Employer"), and JOHN F. TREMBLAY, an individual residing at 5 Dorchester Court, Jackson, New Jersey
08527 (the "Executive").
W I T N E S S E T H:
WHEREAS, Employer deems it to be in its best interests to secure and retain the services of the Executive and
the Executive desires to work for Employer upon the terms and conditions hereinafter set forth.
NOW, THEREFORE, in consideration of the mutual promises and undertakings herein contained, the parties
hereto, intending to be legally bound hereby, agree as follows:
1. Employment and Term.
(a) Employer hereby employs the Executive as President of UBI and FCB (collectively, the "Position") and the
Executive agrees to serve in the employ of UBI and FCB in the Position, for a term of one year (the "Initial
Term"), which shall commence on the date hereof (the "Effective Date"), and which, subject to paragraphs 1(b)
and (c) hereof, shall terminate on the first anniversary of the Effective Date; provided, however, that no less than
45 days prior to the first anniversary of the Effective Date, Employer shall provide Executive with written notice
of its intention to negotiate a renewal of this Agreement or allow the Agreement to terminate; further provided,
however, that the foregoing provision shall not in any way be interpreted as granting Executive a right to have this
Agreement extended or renewed and further provided that Employers' failure to provide such notice shall not
affect the termination of this Agreement upon its first anniversary date.
(b) Employer shall have the right to terminate the Executiv