EXHIBIT 10.2
FIRST NATIONAL COMMUNITY BANCORP, INC.
2000 STOCK INCENTIVE PLAN
1.
Purpose . The purpose of this Stock Incentive Plan (the “Plan”) is to advance the development, growth and financial
condition of First National Community Bancorp, Inc. (the “Corporation”) and each subsidiary thereof, as defined in
Section 424 of the Internal Revenue Code of 1986, as amended (the “Code”), by providing incentives through
participation in the appreciation of the common stock of the Corporation to secure, retain and motivate personnel who
may be responsible for the operation and for management of the affairs of the Corporation and any subsidiary now or
hereafter existing (“Subsidiary”).
2.
Term . The Plan is effective August 30, 2000, the day it was adopted by the Corporation’s Board of Directors (the
“Board”), and shall be presented for approval at the next meeting of the Corporation’s shareholders. Any and all
options and rights awarded under the Plan (the “Awards”) before it is approved by the Corporation’s shareholders
shall be conditioned upon, and may not be exercised before, receipt of shareholder approval, and shall lapse upon
failure to receive such approval. Unless previously terminated by the Board, the Plan shall terminate on, and no
options shall be granted after, the tenth anniversary of the effective date of the Plan.
3.
Stock Subject to Plan . Shares of the Corporations s common stock (the “Stock”), that may be issued under the Plan
shall not exceed, in the aggregate, 200,000 shares, as may be adjusted pursuant to Section 19 hereof. Shares may be
either authorized and unissued shares, or authorized shares, issued by and subsequently reacquired by the
Corporation as treasury stock. Under no circumstances shall any fractional shares be awarded under the Plan. Except
as may be otherwise provided in the Plan, any Stock subject to an Award that, for any reason, lapses or terminates
prior to exercise, shall again become available for grant under t