EMBASSY BANCORP, INC.
STOCK OPTION GRANT AGREEMENT
THIS STOCK OPTION GRANT AGREEMENT, dated as of _________ __, _______ (the "Date of
G r a n t " ) , i s d e l i v e r e d b y E M B A S S Y B A N C O R P , I N C . ( t h e " C o m p a n y ' ) , t o
_________________________________, (the "Optionee").
A. The Embassy Bancorp, Inc. Option Plan (the "Plan") provides for the grant of stock options to
officers, employees and directors of the Company, to purchase shares of common stock of the Company, (the
"Shares"), in accordance with the terms and conditions of the Plan.
B. The Board of Directors of the Company (the "Board") has determined that it would be to the
advantage and interest of the Company to make the grant provided for herein as an inducement for the Optionee
to promote the best interests of the Company and its stockholders.
NOW, THEREFORE, the parties hereto, intending to be legally bound hereby, agree as follows:
1. Grant of Option.
Subject to the terms and conditions hereinafter set forth, the Company hereby grants to the Optionee an
option to purchase an aggregate number of Shares at the option price set forth below (the "Option"):
A Non-qualified Stock Option to purchase _________ Shares at an option price of $_____ per Share
based on the fair market value per Share on the Date of Grant, which shall be exercisable as provided in
Paragraph 6 below.
2. Nature of Option.
The Option designated hereunder shall be a Non-qualified Stock Option. The Board of Directors of the
Company (the "Board") shall administer the Plan, shall interpret and construe this Stock Option Grant Agreement
in accordance with and pursuant to the terms of the Plan, and its decisions shall be conclusive as to any question
3. Restrictions on Exercise.
During the Optionee's lifetime, exercise of the option shall be solely by the Optionee and,