Retention Incentives

Employee Retention Agreement

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This Employee Retention Agreement involves

TD BANKNORTH INC. | Hudson United Bancorp

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Title: Retention Incentives
Date: 9/12/2005

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exv10w4

EXHIBIT 10.4

July 29, 2005

Re: Retention Incentives

Dear :

We look forward to the successful completion of the pending merger of Hudson United Bancorp (“Hudson”) with and into TD Banknorth Inc. (the “Merger”). As an incentive for you to remain with us following completion of the Merger, we hereby agree to grant restricted stock units to you upon completion of the Merger, provided that you are still employed by Hudson and its subsidiaries or their respective successors at such time. The terms of the grant will include the following:


Initial Value of the Grant:		The initial value will be equal to the amount of cash severance that you would be entitled to receive under Hudson’s Severance Plan if your employment was involuntarily terminated upon completion of the Merger (the “Initial Dollar Value”).