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CONSULTING AGREEMENT

Consulting Services Agreement

CONSULTING AGREEMENT | Document Parties: RIVERVIEW FINANCIAL CORP | First National Bank of Marysville | First Perry Bancorp, Inc | Halifax National Bank | HNB Bancorp, Inc | Riverview Financial Corporation | Riverview National Bank You are currently viewing:
This Consulting Services Agreement involves

RIVERVIEW FINANCIAL CORP | First National Bank of Marysville | First Perry Bancorp, Inc | Halifax National Bank | HNB Bancorp, Inc | Riverview Financial Corporation | Riverview National Bank

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Title: CONSULTING AGREEMENT
Date: 4/30/2009

CONSULTING AGREEMENT, Parties: riverview financial corp , first national bank of marysville , first perry bancorp  inc , halifax national bank , hnb bancorp  inc , riverview financial corporation , riverview national bank
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Exhibit 99.2

 

CONSULTING AGREEMENT

 

THIS AGREEMENT is made as of the 16 th  day of April 2009, between Riverview National Bank (“Bank”), a national banking association and Thomas Wasson (“Consultant”), an individual residing in Pennsylvania.

 

WITNESSETH :

 

WHEREAS, Executive was President of Halifax National Bank (“Halifax”);

 

WHEREAS , Halifax National Bank was the wholly owned subsidiary of HNB Bancorp, Inc. (“HNB”);

 

WHEREAS , The First National Bank of Marysville was the wholly owned subsidiary of First Perry Bancorp, Inc. (“First Perry”);

 

WHEREAS , First Perry and HNB entered into an Agreement and Plan of Consolidation dated on or about June 18, 2008 (“Consolidation Agreement”) pursuant to which on December 31, 2008, First Perry and HNB consolidated into Riverview Financial Corporation, a Pennsylvania business corporation (the “Consolidation”) and Halifax and The First National Bank of Marysville consolidated into Bank;

 

WHEREAS, Bank desires to engage Consultant to consult with the Bank regarding the Consolidation;

 

WHEREAS, Consultant desires to serve the Bank under the terms and conditions set forth herein;

 

AGREEMENT :

 

NOW THEREFORE , in consideration of the foregoing and other good and valuable consideration the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound, it is agreed as follows:

 

1.             Consultant Relationship .   Bank hereby engages Consultant, and Consultant hereby agrees to serve Bank, under the terms and conditions set forth in this Agreement.

 

2              Duties of Consultant .   Consultant and the Chief Executive Officer of Bank, or his designee, shall confer via telephone once a month for approximately one hour regarding shareholder and customer issues related to the consolidation.

 

3.             Term of Agreement This Agreement shall commence on the date that the Release Agreement, entered into among Riverview Financial Corporation, Riverview National Bank and Thomas N. Wasson, becomes effective (as set forth in Section 5 of the Release Agreement) and shall terminate on December 31, 2010.

 



 

4.             Compensation Bank shall pay Consultant $80,000 for his services under this Agreement payable biweekly, commencing at the same time as the payments due under the Release Agreement signed contemporaneously herewith with the last installment being paid no later than December 31, 2010.  In determining the amount of the biweekly payments to be paid, Bank shall assume that this Agreement commenced on January 1, 2009, and shall pay Consultant in a lump sum an amount equal to that amount which wou


 
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