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			Embassy - Form 8-K -2015 SERP (12-22-15)
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			<a name="_GoBack"></a><font style="display: inline;font-weight:bold;color:#000000;">UNITED STATES</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">SECURITIES AND EXCHANGE COMMISSION</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">Washington, D.C. 20549</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">FORM 8-K</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">CURRENT REPORT</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</font>
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			<font style="display: inline;font-weight:bold;color:#000000;">Date of Report (Date of earliest event reported): December 23, 2015</font>
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			<font style="display: inline;font-weight:bold;color:#000000;font-size:14pt;">EMBASSY BANCORP, INC.</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">(Exact name of registrant as specified in its charter)</font>
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						<font style="display: inline;font-weight:bold;color:#000000;">Pennsylvania</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">000-1449794</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">26-3339011</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(State or other jurisdiction</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(Commission File Number)</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(IRS Employer</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">of incorporation)</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">Identification No.)</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">100 Gateway Drive, Suite 100</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">Bethlehem, PA</font></p>
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						<font style="display: inline;font-weight:bold;color:#000000;">18017</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(Address of principal executive offices)</font></p>
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						<font style="display: inline;color:#000000;font-size:10pt;">(Zip Code)</font></p>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">Registrant&#x2019;s telephone number, including area code:</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;font-weight:bold;color:#000000;">(610) 882-8800</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;font-weight:bold;color:#000000;text-decoration:underline;">Not Applicable</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">(Former name or former address, if changed since last report)</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;font-family:Times New Roman;font-size: 10pt">
			<font style="display: inline;color:#000000;font-size:10pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">Written communications pursuant tor Rule 425 under the Securities Act (17 CFR 230.425)</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;color:#000000;font-size:10pt;">&#x2610;</font><font style="display: inline;color:#000000;font-size:10pt;"> &nbsp; &nbsp;</font><font style="display: inline;color:#000000;font-size:10pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font>
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			<font style="display: inline;">&nbsp;</font>
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			<font style="display: inline;">1005979.1</font>

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</div><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
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			<font style="display: inline;font-weight:bold;">Item&nbsp;5.02 </font><font style="display: inline;font-weight:bold;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;"></font><font style="display: inline;font-weight:bold;color:#000000;">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</font><font style="display: inline;font-weight:bold;">.</font>
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			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">On December </font><font style="display: inline;">23</font><font style="display: inline;">, 2015, Embassy Bank for the Lehigh Valley (the &#x201C;Bank&#x201D;), the primary operating subsidiary of Embassy Bancorp, Inc. (the &#x201C;Company&#x201D;), entered into new supplemental executive retirement plan agreements with Judith A. Hunsicker and James R. Bartholomew, the Chief Financial Officer and Executive Vice President, respectively, of the Company and the Bank.&nbsp;&nbsp;Additionally, in lieu of an increase in the amounts payable under his existing supplemental executive retirement plan agreements, the Company issued to David M. Lobach, Jr., Chairman, President and Chief Executive Officer of the Company and the Bank, </font><font style="display: inline;">fifteen thousand one hundred forty three (15,143)</font><font style="display: inline;"> shares of restricted stock pursuant to the Company&#x2019;s 2010 Stock Incentive Plan, all as more fully described below.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-style:italic;">Supplemental Retirement Plan Agreements</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">The new supplemental executive retirement plan agreements entered into between the Bank and Ms. Hunsicker and Mr. Bartholomew are intended to provide for benefits in addition to those provided under the existing supplemental executive retirement plan agreements between the Bank and such individuals dated November 10, 2010.&nbsp;&nbsp;More specifically, the new agreements provide for an annual benefit payable to Ms. Hunsicker of $11,500, and to Mr. Bartholomew of $7,500, in each case payable for a period of fifteen (15) years upon the executive&#x2019;s retirement or termination of employment after attaining the age of sixty-five (65), in the case of Ms. Hunsicker, and age seventy (70), in the case of Mr. Bartholomew.&nbsp;&nbsp;The agreement provides for a lesser annual benefit if Ms. Hunsicker or Mr. Bartholomew retire after age sixty (60) and sixty-seven (67), respectively, but prior to age sixty-five (65) and seventy (70), respectively.&nbsp; </font>
		</p>
		<p style="margin:0pt;line-height:normal;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
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		<p style="margin:0pt;text-indent:36pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">The new agreements also include non-competition and non-solicitation provisions, the violation of which by the executive would result in the executive forfeiting his or her right to receive the benefits payable under each of the supplemental executive retirement plan agreements between the executive and the Bank.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">Under the supplemental retirement plan agreements, the full annual benefit is payable in the event of the death or disability of the executive, or if the executive&#x2019;s employment is involuntarily terminated within two (2) years following a change in control of the Company or Bank.&nbsp;&nbsp;In each case, the annual benefit is to be paid for a term of fifteen (15)&nbsp;years.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">The foregoing description of the supplemental retirement plan agreements is qualified in its entirety by reference to the actual agreements filed herewith as Exhibits 10.1 and 10.2, which are incorporated herein by reference.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;"></font><font style="display: inline;font-style:italic;">Grant of Restricted Stock</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;">On December 23, 2015, the Company issued to Mr. Lobach </font><font style="display: inline;">fifteen thousand one hundred forty three (15,143)</font><font style="display: inline;"> shares of restricted stock pursuant to the Company&#x2019;s 2010 Stock Incentive </font>
		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;">Plan.&nbsp;&nbsp;On December 23, 2015, the shares had an aggregate fair market value of $</font><font style="display: inline;">10.94</font><font style="display: inline;">.&nbsp;&nbsp;The shares were issued in lieu of a periodic increase in the benefits payable under the existing supplemental executive retirement plan agreements between the Bank and Mr. Lobach.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;font-weight:bold;color:#000000;">Item 9.01.</font><font style="display: inline;font-weight:bold;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;font-weight:bold;color:#000000;">Financial Statements and Exhibits.</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">(d)</font><font style="display: inline;color:#000000;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">Exhibits</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;text-decoration:underline;">Exhibit No.</font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -3.599998pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt -3.599998pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">Description</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -72pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">10.1</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;">Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and Judith A. Hunsicker, dated December</font><font style="display: inline;"> 23</font><font style="display: inline;">, 2015.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;line-height:normal;text-indent: -72pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -72pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">10.2</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;">Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and James R. Bartholomew, dated December </font><font style="display: inline;">23</font><font style="display: inline;">, 2015.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;color:#000000;"></font>
		</p>
		<p style="margin:0pt;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">SIGNATURE</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;text-transform:uppercase;color:#000000;">Embassy Bancorp, Inc.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">Date:&nbsp;&nbsp;December </font><font style="display: inline;color:#000000;">2</font><font style="display: inline;color:#000000;">9</font><font style="display: inline;color:#000000;">, 2015</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> &nbsp;&nbsp;&nbsp;&nbsp; </font><font style="display: inline;color:#000000;">By:</font><font style="display: inline;color:#000000;text-decoration:underline;">&nbsp;</font><font style="display: inline;color:#000000;text-decoration:underline;">/s/ Judith A. Hunsicker</font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font><font style="display: inline;color:#000000;text-decoration:underline;"></font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Name:&nbsp;&nbsp;Judith A. Hunsicker</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Title: </font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">&nbsp;</font><font style="display: inline;color:#000000;">Senior Executive Vice President,</font>
		</p>
		<p style="margin:0pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font><font style="display: inline;color:#000000;">Chief Operating and Financial Officer</font>
		</p>
		<p style="margin:0pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:right;text-justify:inter-ideograph;font-family:Courier New;font-size: 10pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 13.4pt 0pt -10.05pt;text-align:center;font-family:Times New Roman;font-size: 12pt">

		</p>
		<p><font size="1"> </font></p><hr size="3" style="color:#999999" width="100%" align="center"></hr><p style="page-break-after:always">&nbsp;</p>
		<p style="margin:0pt 13.4pt 0pt -10.05pt;text-align:center;font-family:Times New Roman;;font-size: 12pt"><font style="display: inline;"></font><font style="display: inline;color:#000000;text-decoration:underline;">EXHIBIT INDEX</font>
		</p>
		<p style="margin:0pt 13.4pt 0pt -10.05pt;line-height:normal;text-align:center;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 13.4pt 0pt -6.7pt;text-indent:42.7pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;text-decoration:underline;">Exhibit No.</font><font style="display: inline;color:#000000;text-decoration:underline;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 3.100002pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 3.100002pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;color:#000000;"> &nbsp;&nbsp;&nbsp; </font><font style="display: inline;color:#000000;text-decoration:underline;">Description</font>
		</p>
		<p style="margin:0pt 13.4pt 0pt -6.7pt;line-height:normal;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -72pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">10.1</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;">Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley</font><font style="display: inline;"> and Judith A. </font><font style="display: inline;">Hunsicker, dated December </font><font style="display: inline;">23</font><font style="display: inline;">, 2015.</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;line-height:normal;text-indent: -72pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt 0pt 0pt 108pt;text-indent: -72pt;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;color:#000000;">10.2</font><font style="display: inline;color:#000000;;font-size: 12pt;font-family:Times New Roman;text-indent:0pt;margin-left:0pt;padding:0pt 57.6pt 0pt 0pt;"></font><font style="display: inline;color:#000000;"></font><font style="display: inline;">Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and James R. Bartholomew, dated December </font><font style="display: inline;">23</font><font style="display: inline;">, 2015.</font>
		</p>
		<p style="margin:0pt;line-height:normal;font-family:Times New Roman;font-size: 12pt">
			<font style="display: inline;">&nbsp;</font>
		</p>
		<p style="margin:0pt;text-align:left;text-justify:inter-ideograph;font-family:Courier New;font-size: 10pt">
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Embassy - Form 8-K -2015 SERP (12-22-15)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 23, 2015
EMBASSY BANCORP, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania
000-1449794
26-3339011
(State or other jurisdiction
(Commission File Number)
(IRS Employer
of incorporation)
Identification No.)
100 Gateway Drive, Suite 100
Bethlehem, PA
18017
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code:
(610) 882-8800
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant tor Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
1005979.1
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
.
On December
23
, 2015, Embassy Bank for the Lehigh Valley (the "Bank"), the primary operating subsidiary of Embassy Bancorp, Inc. (the "Company"), entered into new supplemental executive retirement plan agreements with Judith A. Hunsicker and James R. Bartholomew, the Chief Financial Officer and Executive Vice President, respectively, of the Company and the Bank.  Additionally, in lieu of an increase in the amounts payable under his existing supplemental executive retirement plan agreements, the Company issued to David M. Lobach, Jr., Chairman, President and Chief Executive Officer of the Company and the Bank,
fifteen thousand one hundred forty three (15,143)
shares of restricted stock pursuant to the Company's 2010 Stock Incentive Plan, all as more fully described below.
Supplemental Retirement Plan Agreements
The new supplemental executive retirement plan agreements entered into between the Bank and Ms. Hunsicker and Mr. Bartholomew are intended to provide for benefits in addition to those provided under the existing supplemental executive retirement plan agreements between the Bank and such individuals dated November 10, 2010.  More specifically, the new agreements provide for an annual benefit payable to Ms. Hunsicker of $11,500, and to Mr. Bartholomew of $7,500, in each case payable for a period of fifteen (15) years upon the executive's retirement or termination of employment after attaining the age of sixty-five (65), in the case of Ms. Hunsicker, and age seventy (70), in the case of Mr. Bartholomew.  The agreement provides for a lesser annual benefit if Ms. Hunsicker or Mr. Bartholomew retire after age sixty (60) and sixty-seven (67), respectively, but prior to age sixty-five (65) and seventy (70), respectively.
The new agreements also include non-competition and non-solicitation provisions, the violation of which by the executive would result in the executive forfeiting his or her right to receive the benefits payable under each of the supplemental executive retirement plan agreements between the executive and the Bank.
Under the supplemental retirement plan agreements, the full annual benefit is payable in the event of the death or disability of the executive, or if the executive's employment is involuntarily terminated within two (2) years following a change in control of the Company or Bank.  In each case, the annual benefit is to be paid for a term of fifteen (15) years.
The foregoing description of the supplemental retirement plan agreements is qualified in its entirety by reference to the actual agreements filed herewith as Exhibits 10.1 and 10.2, which are incorporated herein by reference.
Grant of Restricted Stock
On December 23, 2015, the Company issued to Mr. Lobach
fifteen thousand one hundred forty three (15,143)
shares of restricted stock pursuant to the Company's 2010 Stock Incentive
Plan.  On December 23, 2015, the shares had an aggregate fair market value of $
10.94
.  The shares were issued in lieu of a periodic increase in the benefits payable under the existing supplemental executive retirement plan agreements between the Bank and Mr. Lobach.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits
Exhibit No.
Description
10.1
Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and Judith A. Hunsicker, dated December
23
, 2015.
10.2
Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and James R. Bartholomew, dated December
23
, 2015.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Embassy Bancorp, Inc.
Date:  December
2
9
, 2015
By:
/s/ Judith A. Hunsicker
Name:  Judith A. Hunsicker
Title:
Senior Executive Vice President,
Chief Operating and Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
10.1
Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley
and Judith A.
Hunsicker, dated December
23
, 2015.
10.2
Supplemental Executive Retirement Plan Agreement between Embassy Bank for the Lehigh Valley and James R. Bartholomew, dated December
23
, 2015.