AGREEMENT made as of the 2nd day of September, 1986, by and between QNB, Corp., a registered bank
holding company ("QNB") and Thomas J. Bisko (the "Executive").
W I T N E S S E T H:
WHEREAS, the Executive is currently employed by QNB as its President, and is willing to serve QNB on a full-
time basis during the period, and on the terms and conditions hereinafter set forth; and
WHEREAS, QNB has determined that the future services of the Executive will be of value to QNB and desires
to provide an inducement to the Executive to remain an employee of QNB;
NOW, THEREFORE, in consideration of the mutual promises hereinafter set forth, it is agreed as follows:
1. Employment. QNB hereby employs the Executive and the Executive hereby accepts employment upon the
terms and conditions hereinafter set forth.
2. Term of Employment. The term of this Agreement shall begin on September 1, 1986, and shall terminate on
December 31, 2013; provided that either party hereto may give three years prior written notice to the other party
of the intention of that party not to have the Agreement extended, in which case this Agreement shall terminate
three years from the date of such notice.
3.1 Job Description. The Executive is engaged as President and agrees to perform such duties and render such
services consistent therewith as may from time to time be reasonably required by him by the Board of Directors
of QNB (the "Board"). In addition, the Executive is engaged as President of Quakertown National Bank, a
wholly owned subsidiary of QNB (the "Bank") and agrees to perform such services as may be requested of him
by The Quakertown National Bank's Board of Directors, provided that such services are consistent with his
position as President. Executive shall devote his entire productive time, ability and attention (except for normal
vacation periods or illness) to the performance of his duties for The Quakertown National Bank and QNB.
3.2 Reassignment. The Executive