<SEC-DOCUMENT>0001144204-18-030112.txt : 20180521
<SEC-HEADER>0001144204-18-030112.hdr.sgml : 20180521
<ACCEPTANCE-DATETIME>20180521170434
ACCESSION NUMBER:		0001144204-18-030112
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		7
CONFORMED PERIOD OF REPORT:	20180521
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180521
DATE AS OF CHANGE:		20180521

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNITY BANK SYSTEM, INC.
		CENTRAL INDEX KEY:			0000723188
		STANDARD INDUSTRIAL CLASSIFICATION:	NATIONAL COMMERCIAL BANKS [6021]
		IRS NUMBER:				161213679
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13695
		FILM NUMBER:		18850389

	BUSINESS ADDRESS:	
		STREET 1:		5790 WIDEWATERS PKWY
		CITY:			DEWITT
		STATE:			NY
		ZIP:			13214
		BUSINESS PHONE:		8007242262

	MAIL ADDRESS:	
		STREET 1:		5790 WIDEWATERS PARKWAY
		CITY:			DEWITT
		STATE:			NY
		ZIP:			13214

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY BANK NA, a subsidiary of Community Bank System Inc
		DATE OF NAME CHANGE:	20130729

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY BANK NA, a subsidiary of Community Bank System Inc.
		DATE OF NAME CHANGE:	20130726

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY BANK SYSTEM INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tv494627_8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 20%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>May 21, 2018</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><IMG SRC="cbu_logo.jpg"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">(Exact name of registrant as specified in
its charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>Delaware</B></FONT></TD>
    <TD STYLE="width: 30%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>001-13695</B></FONT></TD>
    <TD STYLE="width: 35%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>16-1213679</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(State or other jurisdiction of incorporation)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Commission File Number)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(IRS Employer Identification No.)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center">&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>5790 Widewaters Parkway, DeWitt, New York</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>13214</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">(Address of principal executive offices)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(Zip Code)</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">Registrant&rsquo;s telephone number, including area code: <B>(315)
445-2282</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">Not Applicable</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former name or former address, if changed
since last report)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">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:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Wingdings">&#168;</FONT>&nbsp;&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule 405 of the Securities Act of 1933 (&sect;230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (&sect;240.12b-2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">Emerging growth company <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If an emerging growth company, indicate by check mark if the
registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards
provided pursuant to Section 13(a) of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 3pt; margin-bottom: 12pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 5.02(c)(e) Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><U>Promotion of Executive Officers</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May 21, 2018,
Community Bank System, Inc. (the &ldquo;Company&rdquo;) and its wholly-owned subsidiary, Community Bank, N.A. (the &ldquo;Bank&rdquo;),
announced that Scott Kingsley was promoted to Executive Vice President and Chief Operating Officer of the Company and the Bank,
effective June 1, 2018. Mr. Kingsley, 54, has served as Executive Vice President and Chief Financial Officer since joining the
Company in 2004. In his role as Chief Operating Officer, Mr. Kingsley will have oversight responsibilities for all banking, wealth
management, employee benefit services, and insurance operations and related business activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company also announced that Joseph E. Sutaris was promoted
to Executive Vice President and Chief Financial Officer of the Company and Bank, succeeding Mr. Kingsley in that position, effective
June 1, 2018. Mr. Sutaris, 50, is currently serving as the Bank&rsquo;s Senior Vice President, Finance and Accounting. In his role
as Chief Financial Officer, Mr. Sutaris&rsquo; responsibilities will include supervision of all activities related to finance,
accounting and investor relations. Mr. Sutaris joined the Company in 2011 as part of the acquisition of Wilber National Bank where
he served as the Executive Vice President, Chief Financial Officer, Treasurer and Secretary of Wilber National Bank. Prior to his
appointment as the Bank&rsquo;s Senior Vice President, Financing and Accounting in November 2017, he served as the Bank&rsquo;s
Director of Municipal Banking (September 2016 &ndash; November 2017) and as the Senior Vice President of the Company&rsquo;s Central
Region since joining the Bank in 2011.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Joseph F. Serbun, 57, was promoted to Executive Vice President
and Chief Credit Officer, effective June 1, 2018, upon the retirement of Brian D. Donahue as EVP and Chief Banking Officer, which
was announced earlier this year. Mr. Serbun&rsquo;s responsibilities will be expanded to include supervision of all aspects of
the Bank&rsquo;s lending and credit operations related to commercial lending, residential lending, direct and indirect consumer
lending, credit administration, cash management and regional banking. Mr. Serbun joined the Bank in 2008 as Credit Officer Team
Leader and has served as Senior Vice President and Chief Credit Officer since 2010. As previously announced, Mr. Donahue will be
resigning from his position as EVP and Chief Banking Officer on June 2, 2018 in connection with his retirement after more than
25 years of service with the Company but will remain employed with the Bank through December 31, 2018 to insure an orderly transition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For further details, reference is made to the press release,
dated May 21, 2018, which is attached hereto as Exhibit 99.1 and incorporated hereby by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><U>Employment and Compensatory Arrangements</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Kingsley&rsquo;s existing Employment Agreement has been
amended, effective June 1, 2018, to provide that he shall serve as the Executive Vice President and Chief Operating Officer of
the Company and the Bank, and that his base salary shall be adjusted to an annual rate of $600,000, which will be reviewed and
may be adjusted in future years in accordance with the Company&rsquo;s regular payroll practices for executive employees. Mr. Kingsley
will be eligible to receive annual incentive compensation under the terms of the Company&rsquo;s Management Incentive Plan (&ldquo;MIP&rdquo;)
as determined by the Compensation Committee of the Board of Directors (the &ldquo;Board&rdquo;). The Employment Agreement may be
terminated by the Company for cause at any time, and shall terminate upon Mr. Kingsley&rsquo;s death or disability. In the event
Mr. Kingsley is terminated without cause, he will be entitled to the greater of (i) 175 percent of the sum of his annual base salary
at the time of termination and the most recent payment to him under the Company&rsquo;s MIP, or (ii) the amount of base salary
and expected MIP payments that otherwise would have been payable to Mr. Kingsley through the unexpired term of the agreement. If
Mr. Kingsley&rsquo;s employment is terminated for reasons other than cause, death, or disability within two years following a change
in control of the Company, or if Mr. Kingsley voluntarily resigns during this period based upon an involuntary and material adverse
change in his authority, duties, responsibilities, base salary, or the geographic location of his assignment, he shall be entitled
to three times his base salary and his incentive compensation award for the year immediately preceding the change in control and
continuation of certain benefits for a 36 month period. Mr. Kingsley is subject to non-compete provisions which restrict his ability
to engage in competing business activities for one year following termination of employment or to solicit customers of the Company
or Bank for two years following termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company and the Bank entered into an Employment Agreement
with Mr. Sutaris, effective June 1, 2018, which provides that he shall serve as the Executive Vice President and Chief Financial
Officer of the Company and the Bank during the period from May 21, 2018 to December 31, 2020. During the term of the Agreement,
the Company shall pay a base salary at an annual rate of $375,000, which will be reviewed and may be adjusted in future years in
accordance with the Company&rsquo;s regular payroll practices for executive employees. Mr. Sutaris will be eligible to receive
annual incentive compensation under the terms of the Company&rsquo;s MIP as determined by the Compensation Committee of the Board.
The Employment Agreement may be terminated by the Company for cause at any time, and shall terminate upon Mr. Sutaris&rsquo; death
or disability. In the event Mr. Sutaris is terminated without cause, he will be entitled to the greater of (i) 175 percent of the
sum of his annual base salary at the time of termination and the most recent payment to him under the Company&rsquo;s MIP, or (ii)
the amount of base salary and expected MIP payments that otherwise would have been payable to Mr. Sutaris through the unexpired
term of the agreement. If Mr. Sutaris&rsquo; employment is terminated for reasons other than cause, death, or disability within
two years following a change in control of the Company, or if Mr. Sutaris voluntarily resigns during this period based upon an
involuntary and material adverse change in his authority, duties, responsibilities, base salary, or the geographic location of
his assignment, he shall be entitled to three times his base salary and his incentive compensation award for the year immediately
preceding the change in control and continuation of certain benefits for a 36 month period. Mr. Sutaris is subject to non-compete
provisions which restrict his ability to engage in competing business activities for one year following termination of employment
or to solicit customers of the Company or Bank for two years following termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Serbun&rsquo;s existing Employment Agreement has been amended,
effective June 1, 2018, to provide that he shall serve as the Executive Vice President and Chief Credit Officer of the Company
and the Bank and that his base salary shall be adjusted to an annual rate of $325,000, which will be reviewed and may be adjusted
in future years in accordance with the Company&rsquo;s regular payroll practices for executive employees. Mr. Serbun will be eligible
to receive annual incentive compensation under the terms of the Company&rsquo;s MIP as determined by the Compensation Committee
of the Board. The Employment Agreement may be terminated by the Company for cause at any time, and shall terminate upon Mr. Serbun&rsquo;s
death or disability. In the event Mr. Serbun is terminated without cause, he will be entitled to the greater of (i) 175 percent
of the sum of his annual base salary at the time of termination and the most recent payment to him under the Company&rsquo;s MIP,
or (ii) the amount of base salary and expected MIP payments that otherwise would have been payable to Mr. Serbun through the unexpired
term of the agreement. If Mr. Serbun&rsquo;s employment is terminated for reasons other than cause, death, or disability within
two years following a change in control of the Company, or if Mr. Serbun voluntarily resigns during this period based upon an involuntary
and material adverse change in his authority, duties, responsibilities, base salary, or the geographic location of his assignment,
he shall be entitled to three times his base salary and his incentive compensation award for the year immediately preceding the
change in control and continuation of certain benefits for a 36 month period. Mr. Serbun is subject to non-compete provisions which
restrict his ability to engage in competing business activities for one year following termination of employment or to solicit
customers of the Company or Bank for two years following termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing descriptions of the Employment Agreements with
Messrs. Kingsley, Sutaris and Serbun do not purport to be complete and are qualified in their entirety by reference to the copies
of the Employment Agreements, attached hereto as Exhibit 10.1, 10.2 and 10.3, respectively, and incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I><U>Adoption of Restoration Plan</U></I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May 16, 2018,
the Board approved the adoption and implementation of the Community Bank System, Inc. Restoration Plan (&ldquo;Restoration Plan&rdquo;).
The Restoration Plan is an unfunded, non-qualified deferred compensation plan that will cover selected executives including Messrs.
Sutaris and Serbun (but not Mr. Kingsley who currently has a separate supplemental retirement agreement). The Restoration Plan
is designed to provide benefits and contributions that cannot be provided to eligible executives under the tax-qualified Community
Bank System, Inc. Pension Plan and Community Bank System, Inc. 401(k) Employee Stock Ownership Plan as a result of the Internal
Revenue Code limit on annual compensation that may be taken into account under those plans for benefit and contribution purposes.
(The compensation limit in effect in 2018 is $275,000.) A participant&rsquo;s benefit in the Restoration Plan will be expressed
as an individual (bookkeeping) account balance that will be increased annually by an amount generally designed to equal the compensation
credit and matching contribution that cannot be provided to the participant under the tax-qualified plans as a result of the compensation
limit. A participant&rsquo;s account balance will be credited with interest annually until distributed and will be paid to the
participant following his or her separation from service subject to the terms of the Restoration Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing description of the Restoration Plan does not purport
to be complete and is qualified in its entirety by reference to the Restoration Plan, attached hereto as Exhibit 10.4 and incorporated
by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.01</B></TD><TD><B>Financial Statements and Exhibits.</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(a)</TD><TD>Not applicable.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(b)</TD><TD>Not applicable.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(c)</TD><TD>Not applicable.</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD>Exhibits.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in; text-align: left"><U>Exhibit No.</U></TD><TD><U>Description</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in; text-align: left"><A HREF="tv494627_ex10-1.htm" STYLE="-sec-extract: exhibit">10.1</A></TD><TD><A HREF="tv494627_ex10-1.htm" STYLE="-sec-extract: exhibit">Amendment to Employment Agreement, effective June 1,
2018, by and among Community Bank System, Inc., Community Bank, N.A. and Scott Kingsley.</A></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in; text-align: left"><A HREF="tv494627_ex10-2.htm" STYLE="-sec-extract: exhibit">10.2</A></TD><TD><A HREF="tv494627_ex10-2.htm" STYLE="-sec-extract: exhibit">Employment Agreement, effective June 1, 2018, by and
among Community Bank System, Inc., Community Bank, N.A. and Joseph E. Sutaris.</A></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in; text-align: left"><A HREF="tv494627_ex10-3.htm" STYLE="-sec-extract: exhibit">10.3</A></TD><TD><A HREF="tv494627_ex10-3.htm" STYLE="-sec-extract: exhibit">Amendment to Employment Agreement, effective June 1,
2018, by and among Community Bank System, Inc., Community Bank, N.A. and Joseph F. Serbun.</A></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in; text-align: left"><A HREF="tv494627_ex10-4.htm" STYLE="-sec-extract: exhibit">10.4</A></TD><TD><A HREF="tv494627_ex10-4.htm" STYLE="-sec-extract: exhibit">Community Bank System, Inc. Restoration Plan,
                                                                                                                                                effective June 1, 2018</A></TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in; text-align: left"><A HREF="tv494627_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD><TD><A HREF="tv494627_ex99-1.htm" STYLE="-sec-extract: exhibit">Press Release, dated May 21, 2018</A></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="3"><B>Community Bank System, Inc.</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 54%">&nbsp;</TD>
    <TD STYLE="width: 6%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 30%; border-bottom: Black 1pt solid">/s/ George J. Getman</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>Name:<BR>Title:</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">George J. Getman<BR>EVP and General Counsel</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: May 21, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tv494627_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AMENDMENT TO EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This sets forth the
terms of an Amendment to the January 1, 2017 Employment Agreement between (i) COMMUNITY BANK SYSTEM, INC., a Delaware corporation
and registered bank holding company (&ldquo;CBSI&rdquo;), and COMMUNITY BANK, N.A., a national banking association (&ldquo;CBNA&rdquo;),
both having offices located in Dewitt, New York (collectively, the &ldquo;Employer&rdquo;), and (ii) SCOTT A. KINGSLEY, an individual
currently residing at Manlius, New York (&ldquo;Employee&rdquo;). This Amendment is effective as of June 1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt"><U>RECITALS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">A.</TD><TD STYLE="text-align: justify">Pursuant to the terms of the January 1, 2017 Employment Agreement between Employee and Employer
(&ldquo;Employment Agreement&rdquo;), Employee is currently employed as Executive Vice President and Chief Financial Officer of
Employer.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">B.</TD><TD STYLE="text-align: justify">Upon the recommendation of Employer&rsquo;s President and Chief Executive Officer, Employer&rsquo;s
Board of Directors has authorized the creation of the Chief Operating Officer position and has approved Employee&rsquo;s promotion
into that position.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">C.</TD><TD STYLE="text-align: justify">To reflect Employee&rsquo;s promotion into the position of Chief Operating Officer, Employee and
Employer agree to amend the Employment Agreement as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt"><U>TERMS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraph
1(a) of the Employment Agreement is amended and restated to provide in its entirety as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term</U>.
During the period that begins on January 1, 2017 and ends on May 31, 2018, Employer shall continue to employ Employee, and Employee
shall continue to serve, as Executive Vice President and Chief Financial Officer, for CBSI and CBNA. During the period that begins
on June 1, 2018 and ends on December 31, 2019, Employer shall employ Employee, and Employee shall serve, as Executive Vice President
and Chief Operating Officer, for CBSI and CBNA, subject to termination as provided in paragraph 3 hereof. The combined period that
begins on January 1, 2017 and ends on December 31, 2019 is referred to in this Agreement as the &ldquo;Period of Employment.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraph
1(b) of the Employment Agreement is amended by deleting the last sentence in existing paragraph 1(b) and replacing that sentence
with the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Effective as of June 1, 2018,
Employee&rsquo;s Base Salary shall be increased to $600,000. Employee&rsquo;s Base Salary is payable in accordance with Employer&rsquo;s
regular payroll practices for executive employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">3.&nbsp;&nbsp;&nbsp;&nbsp;<BR STYLE="clear: both">
Paragraph 2 of the Employment Agreement is amended and restated to provide in its entirety as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Duties During the Period of
Employment</U>. As Employer&rsquo;s Executive Vice President and Chief Operating Officer, Employee shall have full responsibility,
subject to the control of Employer&rsquo;s President and Chief Executive Officer and/or the authorized designee of Employer&rsquo;s
Board of Directors, for the supervision of all assigned aspects of Employer&rsquo;s business and operations, including all activities
related to banking, operations, wealth management, insurance and employee benefit services, and the discharge of such other duties
and responsibilities to Employer, not inconsistent with such position, as may from time to time be reasonably assigned to Employee
by Employer&rsquo;s President and Chief Executive Officer, or the authorized designee of Employer&rsquo;s Board of Directors. Employee
shall report to Employer&rsquo;s President and Chief Executive Officer. Employee shall devote Employee&rsquo;s best efforts to
the affairs of Employer, serve faithfully and to the best of Employee&rsquo;s ability and devote all of Employee&rsquo;s working
time and attention, knowledge, experience, energy and skill to the business of Employer, except that Employee may affiliate with
professional associations, and business, civic and charitable organizations, provided that such affiliations are not inconsistent
with and do not interfere with the performance of Employee&rsquo;s duties under this Agreement. Employee shall serve on the Board
of Directors of, or as an officer of Employer&rsquo;s affiliates, without additional compensation if requested to do so by the
Board of Directors of Employer. Employee shall receive only the compensation and other benefits described in this Agreement for
Employee&rsquo;s services to affiliates of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in this Amendment, all of the terms and conditions of the Employment Agreement shall remain the same. Accordingly,
this Amendment, read in conjunction with the Employment Agreement, constitutes the entire agreement between Employee and Employer
with respect to the subject matter of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The foregoing is established
by the following signatures of the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">COMMUNITY BANK SYSTEM, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 3%; padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="width: 30%; padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Mark E. Tryniski</TD>
    <TD STYLE="width: 10%; padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 30%; padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Scott A. Kingsley</TD>
    <TD STYLE="width: 27%; padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Mark E. Tryniski</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Scott A. Kingsley</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">President and Chief Executive Officer</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">COMMUNITY BANK, N.A.</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Bernadette R. Barber</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Bernadette R. Barber</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Senior Vice President and Chief HR Officer</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection Last; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tv494627_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><U>EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This sets forth the
terms of the Employment Agreement between (i) COMMUNITY BANK SYSTEM, INC., a Delaware corporation and registered bank holding company
(&ldquo;CBSI&rdquo;), and COMMUNITY BANK, N.A., a national banking association (&ldquo;CBNA&rdquo;), both having offices located
in Dewitt, New York (collectively, the &ldquo;Employer&rdquo;), and (ii) JOSEPH E. SUTARIS, an individual currently residing at
Manlius, New York (&ldquo;Employee&rdquo;). This Agreement is effective as of June 1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><U>W I T N E S S E T H</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">IN CONSIDERATION of the
promises and mutual agreements and covenants contained herein, and other good and valuable consideration, the parties agree as
follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Employment</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term</U>.
Employer shall employ Employee, and Employee shall serve, as Executive Vice President and Chief Financial Officer for CBSI and
CBNA for a term commencing on June 1, 2018 and ending on December 31, 2020 (&ldquo;Period of Employment&rdquo;), subject to termination
as provided in paragraph 3 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Salary</U>.
During the Period of Employment, Employer shall pay Employee a base salary at an annual rate of not less than $375,000 (&ldquo;Base
Salary&rdquo;). Employee&rsquo;s Base Salary shall be reviewed and adjusted in accordance with Employer&rsquo;s regular payroll
practices for executive employees. Employee&rsquo;s Base Salary is payable in accordance with Employer&rsquo;s regular payroll
practices for executive employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Incentive
Compensation</U>. During the Period of Employment, Employee shall be entitled to annual incentive compensation as a Tier 2 Executive
of the Employer pursuant to the terms of the Management Incentive Plan, which has been approved by the Board of Directors of Employer
to cover Employee and other key personnel of Employer, as well as other incentive plans that may be established by Employer and
that are applicable to Employer&rsquo;s executives of similar salary tier to Employee. Upon termination of Employee&rsquo;s employment
pursuant to subparagraph 3(a), 3(b), 3(c) or 6, Employee shall be entitled to a pro rata portion (based on Employee&rsquo;s complete
months of active employment in the applicable year) of the annual incentive awards that are payable with respect to the year during
which the termination occurs or, if the annual awards for such year are not determinable at the time of termination, then the immediately
prior year&rsquo;s awards shall be used to determine such pro rata portion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Duties
during the Period of Employment</U>. As Employer&rsquo;s Executive Vice President and Chief Financial Officer, Employee shall have
full responsibility, subject to the control of Employer&rsquo;s President and Chief Executive Officer and/or the authorized designee
of Employer&rsquo;s Board of Directors, for the supervision of all assigned aspects of Employer&rsquo;s business and operations,
including all activities related to finance, accounting and investor relations, and the discharge of such other duties and responsibilities
to Employer, not inconsistent with such position, as may from time to time be reasonably assigned to Employee by Employer&rsquo;s
President and Chief Executive Officer, or the authorized designee of Employer&rsquo;s Board of Directors. Employee shall report
to Employer&rsquo;s President and Chief Executive Officer. Employee shall devote Employee&rsquo;s best efforts to the affairs of
Employer, serve faithfully and to the best of Employee&rsquo;s ability and devote all of Employee&rsquo;s working time and attention,
knowledge, experience, energy and skill to the business of Employer, except that Employee may affiliate with professional associations,
and business, civic and charitable organizations, provided that such affiliations are not inconsistent with and do not interfere
with the performance of Employee&rsquo;s duties under this Agreement. Employee shall serve on the Board of Directors of, or as
an officer of Employer&rsquo;s affiliates, without additional compensation if requested to do so by the Board of Directors of Employer.
Employee shall receive only the compensation and other benefits described in this Agreement for Employee&rsquo;s services to affiliates
of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination</U>.
Employee&rsquo;s employment by Employer shall be subject to termination as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expiration
of the Term</U>. This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties
enter into a written agreement extending Employee&rsquo;s employment, except for the continuing obligations of the parties as specified
hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
Upon Death</U>. This Agreement shall terminate upon Employee&rsquo;s death. In the event this Agreement is terminated as a result
of Employee&rsquo;s death, Employer shall continue payments of Employee&rsquo;s Base Salary for a period of 90 days following Employee&rsquo;s
death to the beneficiary designated by Employee on the &ldquo;Beneficiary Designation Form&rdquo; attached to this Agreement as
Appendix A. Any restrictions on shares of CBSI stock previously granted to Employee shall be waived as of the date of death and
Employee&rsquo;s beneficiary shall be free to dispose of any restricted stock previously granted to Employee by Employer. Additionally,
Employer shall treat as immediately exercisable all unexpired stock options issued by Employer and held by Employee that are not
exercisable or that have not been exercised, so as to permit Employee&rsquo;s beneficiary to purchase the balance of CBSI stock
not yet purchased pursuant to said options until the end of the full exercise period provided in the original grant of the option
right, determined without regard to Employee&rsquo;s death or termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
Upon Disability</U>. Employer may terminate this Agreement upon Employee&rsquo;s disability. For the purpose of this Agreement,
Employee&rsquo;s inability to perform substantially all of Employee&rsquo;s duties under this Agreement by reason of physical or
mental illness or injury for a period of 26 successive weeks (the &ldquo;Disability Period&rdquo;) shall constitute disability.
The determination of disability shall be made by a physician selected by Employer and a physician selected by Employee; provided,
however, that if the two physicians so selected shall disagree, the determination of disability shall be submitted to arbitration
in accordance with the rules of the American Arbitration Association and the decision of the arbitrator shall be binding and conclusive
on Employee and Employer. During the Disability Period, Employee shall be entitled to 100% of Employee&rsquo;s Base Salary otherwise
payable during that period, reduced by all other Employer-provided income replacement benefits to which Employee may be entitled
for the Disability Period on account of such disability (including, but not limited to, benefits provided under any disability
insurance policy or program, workers&rsquo; compensation law, or any other benefit program or arrangement). Upon termination pursuant
to this disability provision, any restrictions on shares of CBSI stock previously granted to Employee shall be waived and Employee
shall be free to dispose of any restricted stock granted to Employee. Additionally, Employer shall treat as immediately exercisable
all unexpired stock options issued by Employer and held by Employee that are not exercisable or that have not been exercised, so
as to permit the Employee to purchase the balance of CBSI stock not yet purchased pursuant to said options until the end of the
full exercise period provided in the original grant of the option right, determined without regard to Employee&rsquo;s disability
or termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)&#9;<U>Termination
for Cause</U>. Employer may terminate Employee&rsquo;s employment immediately for &ldquo;cause&rdquo; by written notice to Employee.
For purposes of this Agreement, a termination shall be for &ldquo;cause&rdquo; if the termination results from any of the following
events:&#9;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employee&rsquo;s
willful breach of any material provision of this Agreement, which breach Employee shall have failed to cure within thirty (30)
days following Employer&rsquo;s written notice to Employee specifying the nature of the breach;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any
documented misconduct by Employee as an executive or director of Employer, or any subsidiary or affiliate of Employer for which
Employee is performing services hereunder, which is material and adverse to the interests, monetary or otherwise, of Employer or
any subsidiary or affiliate of Employer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unreasonable
neglect or refusal to perform the duties assigned to Employee under or pursuant to this Agreement, unless cured within thirty (30)
days following Employer&rsquo;s written notice to Employee specifying the nature of the neglect or refusal;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conviction
of a crime involving any act of dishonesty or moral turpitude, or the commission of a felony;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjudication
as a bankrupt, which adjudication has not been contested in good faith, unless bankruptcy is caused directly by Employer&rsquo;s
unexcused failure to perform its obligations under this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Documented
failure to follow the reasonable, written instructions of the Board of Directors of Employer or Employer&rsquo;s President and
Chief Executive Officer, provided that the instructions do not require Employee to engage in unlawful conduct; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A
willful violation of a material rule or regulation of the Office of the Comptroller of the Currency or of any other regulatory
agency governing Employer or any subsidiary or affiliate of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<!-- Field: Page; Sequence: 3; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">Notwithstanding any other
term or provision of this Agreement to the contrary, if Employee&rsquo;s employment is terminated for cause, Employee shall forfeit
all rights to payments and benefits otherwise provided pursuant to this Agreement; provided, however, that Base Salary shall be
paid through the date of termination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
For Reasons Other Than Cause</U>. In the event Employer terminates Employee&rsquo;s employment during the Period of Employment
or within 12 months following the expiration of the Period of Employment, for reasons other than &ldquo;cause&rdquo; (as defined
in paragraph 3(d)), or in the event that Employee terminates his employment with Employer during the Period of Employment for &ldquo;good
reason&rdquo; (as defined in, and subject to the notice and right to cure provisions in, paragraph 6(d)), then Employee shall be
entitled to a severance benefit equal to the greater of (i) 175 percent of the sum of Employee&rsquo;s annual Base Salary in effect
at the time of termination and the aggregate sum of all payments made to Employee during the 12 months preceding Employee&rsquo;s
termination pursuant to the Management Incentive Plan (or equivalent successor plan), or (ii) amounts of Base Salary and expected
Management Incentive Plan (or equivalent successor plan) payments that otherwise would have been payable through the balance of
the unexpired term of this Agreement. Unless Employee is a &ldquo;specified employee&rdquo; (as determined in accordance with Internal
Revenue Code Section 409A), the benefit payable pursuant to this paragraph 3(e) shall be payable in equal biweekly installments
over the 12 month period that begins on the first day of the month following Employee&rsquo;s termination. If Employee is a &ldquo;specified
employee&rdquo; (as determined in accordance with Internal Revenue Code Section 409A), then installment payments during the first
six months of the 12 month installment period shall be limited to the extent required by Internal Revenue Code Section 409A, any
unpaid installment amounts shall be paid immediately after such six-month period and installment payments due during the remaining
six months shall be paid as scheduled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">In addition to the
cash benefits described in the foregoing of this paragraph 3(e), Employer shall: (iii) waive all restrictions on all CBSI stock
previously granted to Employee and permit Employee to dispose of any restricted stock; and (iv) treat as immediately exercisable
all unexpired stock options held by Employee that are not exercisable or that have not been exercised, so as to permit Employee
to purchase the balance of CBSI stock not yet purchased pursuant to said options until the end of the full exercise period provided
in the original grant of the option right determined without regard to Employee&rsquo;s termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">Notwithstanding the
foregoing, amounts payable under clauses (i) or (ii) of this paragraph 3(e) shall be reduced by any payments made to Employee under
paragraph 6(a)(i) of this Agreement. Payments under this paragraph 3(e) and payments under paragraph 6(a)(i) shall not be duplicated.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fringe
Benefits</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Benefit
Plans</U>. During the Period of Employment, Employee shall be eligible to participate in any employee pension benefit plans (as
that term is defined under Section 3(2) of the Employee Retirement Income Security Act of 1974, as amended), Employer-paid group
life insurance plans, medical plans, dental plans, long-term disability plans, business travel insurance programs and other fringe
benefit programs maintained by Employer for the benefit of (or which are applicable to) its executive employees. Participation
in any of Employer&rsquo;s benefit plans and programs shall be based on, and subject to satisfaction of, the eligibility requirements
and other conditions of such plans and programs. Employer may require Employee to submit to an annual physical, to be performed
by a physician of his own choosing. Employee shall not be eligible to participate in Employer&rsquo;s Severance Pay Plan maintained
for other employees not covered by employment agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<!-- Field: Page; Sequence: 4; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>.
Upon submission to Employer of vouchers or other required documentation, Employee shall be reimbursed for (or Employer shall pay
directly) Employee&rsquo;s actual out-of-pocket travel and other expenses reasonably incurred and paid by Employee in connection
with Employee&rsquo;s duties hereunder. Reimbursable expenses must be submitted to the President and Chief Executive Officer of
Employer, or the President and Chief Executive Officer&rsquo;s designee, for review on no less than a quarterly basis.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Other
Benefits</U>. During the Period of Employment, Employee also shall be entitled to receive the following benefits:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid
time-off of twenty-one (21) days each calendar year (with no carryover of unused time to a subsequent year) and any holidays that
may be provided to all employees of Employer in accordance with Employer&rsquo;s holiday policy;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reasonable
sick leave;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reimbursement
of membership fees and dues (but not personal expenses) for up to two club memberships and other appropriate professional associations,
subject to the approval of the President and Chief Executive Officer of Employer, the primary purpose of which memberships shall
be the promotion of Employer&rsquo;s business interests. Reimbursements shall be made on or before the last day of Employee&rsquo;s
taxable year following the taxable year in which the expense was incurred;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
use of an Employer-owned mobile telephone and the payment or reimbursement of all Employer related business charges incurred in
connection with the use of such telephone; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At
Employer&rsquo;s option, either (A) the use of an Employer-owned or Employer-leased automobile, the selection and replacement of
which shall be subject to the approval of the President and Chief Executive Officer of Employer, or (B) an automobile allowance
to provide for a reasonably similar benefit consistent with similarly-situated executive employees, as determined by the President
and Chief Executive Officer of Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restricted
Stock and Stock Options</U>. Employer shall cause the Compensation Committee of the Board of Directors of Employer to review whether
Employee should be granted shares of restricted stock and/or options to purchase shares of common stock of CBSI. Such review may
be conducted pursuant to the terms of the Community Bank System, Inc. 2014 Long-Term Incentive Plan, a successor plan, or independently,
as the Compensation Committee shall determine. Reviews shall be conducted no less frequently than annually.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 5; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Change
of Control</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
Employee&rsquo;s employment with Employer shall cease for any reason, including Employee&rsquo;s voluntary termination for &ldquo;good
reason&rdquo; (as defined in paragraph 6(d) below), but not including Employee&rsquo;s termination for &ldquo;cause&rdquo; (as
described in paragraph 3(d)) or Employee&rsquo;s voluntary termination without &ldquo;good reason&rdquo;, within two years following
a &ldquo;Change of Control&rdquo; that occurs during the Period of Employment, then:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer
shall pay to the Employee the greater of (A) 300 percent of the sum of the annual Base Salary in effect at the time of Employee&rsquo;s
termination and the aggregate sum of all payments made to Employee during the 12 months preceding Employee&rsquo;s termination
pursuant to the Management Incentive Plan (or equivalent successor plan), or (B) amounts of Base Salary and expected payments under
the Management Incentive Plan (or equivalent successor plan) that otherwise would have been payable through the balance of the
unexpired term of this Agreement. Unless Employee is a &ldquo;specified employee&rdquo; (as determined in accordance with Internal
Revenue Code Section 409A), the amount determined pursuant to this paragraph 6(a)(i) shall be payable in equal biweekly installments
over the 12-month period that begins on the first day of the month following Employee&rsquo;s termination. If Employee is a &ldquo;specified
employee&rdquo; (as determined in accordance with Internal Revenue Code Section 409A), then installment payments during the first
six months of the 12-month installment period shall be limited to the extent required by Internal Revenue Code Section 409A, any
unpaid installment amounts shall be paid immediately after such six-month period and installment payments due during the remaining
six months shall be paid as scheduled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer
shall provide Employee with the cash equivalents of the benefits described in paragraph 4(a) for a period of 36 months following
Employee&rsquo;s termination. Unless Employee is a &ldquo;specified employee&rdquo; (as determined in accordance with Internal
Revenue Code Section 409A), the cash equivalents payable pursuant to this subparagraph (ii) shall be payable in equal monthly installments
over the 36-month period that begins on the first day of the month following Employee&rsquo;s separation from service. If Employee
is a &ldquo;specified employee&rdquo; (as determined in accordance with Internal Revenue Code Section 409A), then installment payments
during the first six months of the 36-month installment period shall be limited to the extent required by Internal Revenue Code
Section 409A, any unpaid installment amounts shall be paid immediately after such six-month period and installment payments due
during the remaining 30 months shall be paid as scheduled.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer
shall treat as immediately exercisable all unexpired stock options issued by Employer and held by Employee that are not otherwise
exercisable or that have not been exercised so as to permit Employee to purchase the balance of CBSI stock not yet purchased pursuant
to said options until the end of the full exercise period provided in the original grant of the option right, determined without
regard to Employee&rsquo;s termination of employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<!-- Field: Page; Sequence: 6; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer
shall waive all restrictions on any shares of CBSI stock granted to Employee and permit Employee to dispose of such stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
any provision of this Agreement to the contrary, in the event that any payment or benefit received or to be received by the Employee
in connection with a Change of Control (whether pursuant to the terms of this Agreement or any other plan, arrangement or agreement)(all
such payments and benefits being hereinafter called &ldquo;Total Benefits&rdquo;) would be subject (in whole or in part) to the
excise tax imposed pursuant to Internal Revenue Code Section 4999, then the cash severance payments provided in this Agreement
shall first be reduced, and the other payments and benefits hereunder shall thereafter be reduced, to the extent necessary so that
no portion of the Total Benefits will be subject to such excise tax, but only if (i) is greater than or equal to (ii), where (i)
equals the reduced amount of such Total Benefits minus the aggregate amount of federal, state and local income taxes on such reduced
Total Benefits, and (ii) equals the unreduced amount of such Total Benefits minus the sum of (A) the aggregate amount of federal,
state and local income taxes on such Total Benefits, and (B) the amount of excise tax to which the Employee would be subject in
respect of such unreduced Total Benefits.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this paragraph 6, a &ldquo;Change of Control&rdquo; shall be deemed to have occurred if:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;any
&ldquo;person,&rdquo; including a &ldquo;group&rdquo; as determined in accordance with the Section 13(d)(3) of the Securities Exchange
Act of 1934 (&ldquo;Exchange Act&rdquo;), is or becomes the beneficial owner, directly or indirectly, of securities of Employer
representing 30% or more of the combined voting power of Employer&rsquo;s then outstanding securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;as
a result of, or in connection with, any tender offer or exchange offer, merger or other business combination (a &ldquo;Transaction&rdquo;),
the persons who were directors of Employer before the Transaction shall cease to constitute a majority of the Board of Directors
of Employer or any successor to Employer;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer
is merged or consolidated with another corporation and as a result of the merger or consolidation less than 70% of the outstanding
voting securities of the surviving or resulting corporation shall then be owned in the aggregate by the former stockholders of
Employer, other than (A) affiliates within the meaning of the Exchange Act, or (B) any party to the merger or consolidation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
tender offer or exchange offer is made and consummated for the ownership of securities of Employer representing 30% or more of
the combined voting power of Employer&rsquo;s then outstanding voting securities; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Employer
transfers substantially all of its assets to another corporation, which is not controlled by Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
purposes of this paragraph 6, &ldquo;good reason&rdquo; shall mean action taken by Employer that results in:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in"></P>

<!-- Field: Page; Sequence: 7; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
involuntary and material adverse change in Employee&rsquo;s authority, duties, responsibilities, or base compensation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An
involuntary and material relocation of the office from which Employee is expected to perform his duties; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">(iii)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>A
material breach of this Agreement or any other agreement between the parties under which Employee provides services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In all cases, Employee must provide notice
to Employer of the existence of a condition described in (i), (ii) or (iii) above within thirty (30) days of the initial existence
of the condition, upon the notice of which Employer shall have thirty (30) days thereafter in which to remedy the condition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
Employer shall deduct and withhold from compensation and benefits provided under this Agreement all required income and employment
taxes and any other similar sums required by law to be withheld.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Covenants</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality</U>.
Employee shall not, without the prior written consent of Employer, disclose or use in any way, either during his employment by
Employer or thereafter, except as required in the course of his employment by Employer, any confidential business or technical
information or trade secret acquired in the course of Employee&rsquo;s employment by Employer. Employee acknowledges and agrees
that it would be difficult to fully compensate Employer for damages resulting from the breach or threatened breach of the foregoing
provision and, accordingly, that Employer shall be entitled to temporary preliminary injunctions and permanent injunctions to enforce
such provision. This provision with respect to injunctive relief shall not, however, diminish Employer&rsquo;s right to claim and
recover damages. Employee covenants to use his best efforts to prevent the publication or disclosure of any trade secret or any
confidential information that is not in the public domain concerning the business or finances of Employer or Employer&rsquo;s affiliates,
or any of its or their dealings, transactions or affairs which may come to Employee&rsquo;s knowledge in the pursuance of his duties
or employment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Competition</U>. Employee&rsquo;s employment is subject to the condition that during the term of his employment hereunder and for
the period specified in paragraph 8(c) below, Employee shall not, directly or indirectly, own, manage, operate, control or participate
in the ownership, management, operation or control of, or be connected as an officer, employee, partner, director, individual proprietor,
lender, consultant or otherwise with, or have any financial interest in, or aid or assist anyone else in the conduct of, any entity
or business (a &ldquo;Competitive Operation&rdquo;) which competes in the banking industry or with any other business conducted
by Employer or by any group, affiliate, division or subsidiary of Employer, in the same counties of New York, Pennsylvania, Vermont,
Massachusetts or any other state in which the Employer or any such group, affiliate, division or subsidiary conducts business.
Employee shall keep Employer fully advised as to any activity, interest, or investment Employee may have in any way related to
the banking industry. It is understood and agreed that, for the purposes of the foregoing provisions of this paragraph, (i) no
business shall be deemed to be a business conducted by Employer or any group, division, affiliate or subsidiary of Employer unless
5% or more of Employer&rsquo;s consolidated gross sales or operating revenues is derived from, or 5% or more of Employer&rsquo;s
consolidated assets are devoted to, such business; (ii) no business conducted by any entity by which Employee is employed or in
which he is interested or with which he is connected or associated shall be deemed competitive with any business conducted by Employer
or any group, division, affiliate or subsidiary of Employer unless it is one from which 2% or more of its consolidated gross sales
or operating revenues is derived, or to which 2% or more of its consolidated assets are devoted; and (iii) no business which is
conducted by Employer on the date of Employee&rsquo;s termination and which subsequently is sold by Employer shall, after such
sale, be deemed to be a Competitive Operation within the meaning of this paragraph. Ownership of not more than 5% of the voting
stock of any publicly held corporation shall not constitute a violation of this paragraph.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 8; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Competition
Period</U>.&#9;The &ldquo;non-competition period&rdquo; shall begin on June 1, 2018 and shall end twelve (12) months after the
Employee&rsquo;s termination of employment; provided, however, that the &ldquo;non-competition period&rdquo; shall end on the date
Employee&rsquo;s employment ends in the event of Employee&rsquo;s termination for &ldquo;good reason&rdquo; (as defined in paragraph
6(d)), or Employee&rsquo;s termination without &ldquo;cause&rdquo; (as defined in paragraph 3(d)).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Solicitation</U>.
While Employee is employed by Employer, and for a period of two years after Employee&rsquo;s employment with Employer ends for
any reason, Employee shall not directly or indirectly solicit (other than on behalf of Employer) business or contracts for any
products or services of the type provided, developed or under development by Employer during Employee&rsquo;s employment by Employer,
from or with (x) any person or entity which was a customer of Employer for such products or services as of, or within 12 months
prior to, the date of Employee&rsquo;s termination of employment with Employer, or (y) any prospective customer which Employer
was soliciting as of, or within 12 months prior to, Employee&rsquo;s termination. Additionally, while Employee is employed by Employer,
and for two years after Employee&rsquo;s employment with the Employer ends for any reason, Employee will not directly or indirectly
contract with any such customer or prospective customer for any product or service of the type provided, developed or which was
under development by Employer during Employee&rsquo;s employment with Employer. Employee will not at any time knowingly interfere
or attempt to interfere with any transaction, agreement or business relationship in which Employer was involved or was contemplating
during Employee&rsquo;s employment with Employer, including but not limited to relationships with customers, prospective customers,
agents, contractors, vendors, service providers, and suppliers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Non-Recruitment</U>.
While Employee is employed by Employer, and for a period of two years after Employee&rsquo;s employment with Employer ends for
any reason, Employee shall not, directly or indirectly, solicit, recruit, or hire, or in any manner assist in the hiring, solicitation
or recruitment of any of individual who is or was an employee of Employer, or who otherwise provided services to Employer, within
12 months prior to the termination of Employee&rsquo;s employment with Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 9; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Payments</U>. Upon the breach by Employee of any covenant under this paragraph 8, Employer shall cease all payments to Employee
and may offset and/or recover from Employee immediately any and all amounts payable to Employee under this Agreement against any
damages to which Employer is legally entitled in addition to any and all other remedies available to Employer under the law or
in equity.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.
Any notice which may be given hereunder shall be sufficient if in writing and mailed by overnight mail, or by certified mail, return
receipt requested, to Employee at his residence and to Employer at 5790 Widewaters Parkway, Dewitt, New York 13214, or at such
other addresses as either Employee or Employer may, by similar notice, designate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Rules,
Regulations and Policies</U>. Employee shall abide by and comply in all material respects with all of the rules, regulations, and
policies of Employer that may be in effect and amended from time to time, including without limitation (i) Employer&rsquo;s policy
of strict adherence to, and compliance with, any and all requirements of the banking, securities, and antitrust laws and regulations,
(ii) Employer&rsquo;s human resources, personnel and benefits policies, and (iii) to the extent applicable, Employer&rsquo;s Executive
Equity Ownership Guidelines and claw-back policy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Prior Restrictions</U>. Employee affirms and represents that Employee is under no obligations to any former employer or other third
party which is in any way inconsistent with, or which imposes any restriction upon, the employment of Employee by Employer, or
Employee&rsquo;s undertakings under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Return
of Employer&rsquo;s Property</U>. After Employee has received notice of termination or at the end of the term hereof, whichever
first occurs, Employee shall promptly return to Employer all documents and other property in his possession belonging to Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Construction
and Severability</U>. The invalidity of any one or more provisions of this Agreement or any part thereof, all of which are inserted
conditionally upon their being valid in law, shall not affect the validity of any other provisions to this Agreement; and, in the
event that one or more provisions contained herein shall be invalid, as determined by a court of competent jurisdiction, the court
shall have authority to modify such provision in a manner that most closely reflects the intent of the parties and is valid. This
Agreement shall be interpreted and applied in all circumstances in a manner that is consistent with the intent of the parties that
amounts earned and payable pursuant to this Agreement shall not be subject to the premature income recognition or adverse tax provisions
of Internal Revenue Code Section 409A. Accordingly, by way of example and not limitation, (a) distributions of benefits payable
following Employee&rsquo;s termination of employment shall commence as of the date required by this Agreement or, if later, the
earliest date permitted by Internal Revenue Code Section 409A, (generally six months after termination, if Employee is a &ldquo;specified
employee&rdquo; within the meaning of Internal Revenue Code Section 409A), and (b) the phrase &ldquo;termination of employment&rdquo;
(and similar terms and phrases) shall be construed to mean &ldquo;separation from service&rdquo; within the meaning of Internal
Revenue Code Section 409A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<!-- Field: Page; Sequence: 10; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>. This Agreement was executed and delivered in New York and shall be construed and governed in accordance with the laws
of the State of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignability
and Successors</U>. This Agreement may not be assigned by Employee or Employer, except that this Agreement shall be binding upon
and shall inure to the benefit of the successor of Employer through merger or corporate reorganization. Any attempted assignment
in violation of this paragraph 15 shall be null and void and of no effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">16.</TD><TD STYLE="text-align: justify"><U>Miscellaneous</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement constitutes the entire understanding and agreement between the parties with respect to the subject matter hereof and
shall supersede all prior understandings and agreements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Agreement cannot be amended, modified, or supplemented in any respect, except by a subsequent written agreement entered into by
the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
services to be performed by Employee are special and unique; it is agreed that any breach of this Agreement by Employee shall entitle
Employer (or any successor or assigns of Employer), in addition to any other legal remedies available to it, to apply to any court
of competent jurisdiction to enjoin such breach.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
provisions of paragraphs 3(e), 6 and 8 hereof shall survive the termination of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Agreement may be executed in counterparts (each of which need not be executed by each of the parties), which together shall
constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Jurisdiction,
Venue and Fees</U>. The jurisdiction of any proceeding between the parties arising out of, or with respect to, this Agreement shall
be in a court of competent jurisdiction in New York State, and venue shall be in Onondaga County. Each party shall be subject to
the personal jurisdiction of the courts of New York State. If Employee is the prevailing party in a proceeding to collect payments
due pursuant to this Agreement, Employer shall reimburse Employee for reasonable attorneys&rsquo; fees incurred by Employee in
connection with such proceeding. Reimbursement shall be made on or before the last day of Employee&rsquo;s taxable year following
the taxable year in which the expense was incurred. The foregoing right of reimbursement shall expire on the fifth anniversary
of Employee&rsquo;s separation of employment with Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature page follows.]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>&nbsp;</I></P>


<!-- Field: Page; Sequence: 11; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The foregoing is established
by the following signatures of the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 3in"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">COMMUNITY BANK SYSTEM, INC.</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 47%">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 3%">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 30%">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Mark E. Tryniski</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Mark E. Tryniski</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">President and Chief Executive Officer</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">COMMUNITY BANK, N.A.</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Bernadette R. Barber</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Bernadette R. Barber</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Senior Vice President and Chief HR Officer</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Joseph E. Sutaris</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0 0 0 0.25in; layout-grid-mode: line; text-align: justify; text-indent: 0">Joseph E. Sutaris</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 3in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify; text-indent: 3in"></P>

<!-- Field: Page; Sequence: 12; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 22.5pt; text-align: justify; text-indent: 3in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>tv494627_ex10-3.htm
<DESCRIPTION>EXHIBIT 10.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.3</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AMENDMENT TO EMPLOYMENT AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">This sets forth the
terms of an Amendment to the Employment Agreement made as of January 1, 2016 between (i) COMMUNITY BANK SYSTEM, INC., a Delaware
corporation and registered bank holding company (&ldquo;CBSI&rdquo;), and COMMUNITY BANK, N.A., a national banking association
(&ldquo;CBNA&rdquo;), both having offices located in Dewitt, New York (collectively, the &ldquo;Employer&rdquo;), and (ii) JOSEPH
F. SERBUN, an individual currently residing at Syracuse, New York (&ldquo;Employee&rdquo;). This Amendment is effective as of June
1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt"><U>RECITALS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">A.</TD><TD STYLE="text-align: justify">Pursuant to the terms of the January 1, 2016 Employment Agreement between Employee and Employer
(&ldquo;Employment Agreement&rdquo;), Employee is currently employed as Chief Credit Officer and Senior Vice President of Employer.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">B.</TD><TD STYLE="text-align: justify">Upon the recommendation of Employer&rsquo;s President and Chief Executive Officer, Employer&rsquo;s
Board of Directors has approved Employee&rsquo;s promotion into the position of Chief Credit Officer and Executive Vice President.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.25in">C.</TD><TD STYLE="text-align: justify">To reflect Employee&rsquo;s promotion into the position of Chief Credit Officer and Executive Vice
President, Employee and Employer agree to amend the Employment Agreement as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt"><U>TERMS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 6pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraph
1(a) of the Employment Agreement is amended and restated to provide in its entirety as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Term</U>.
During the period that begins on January 1, 2016 and ends on May 31, 2018, Employer shall continue to employ Employee, and Employee
shall continue to serve, as Chief Credit Officer and Senior Vice President, for CBSI and CBNA. During the period that begins on
June 1, 2018 and ends on December 31, 2018, Employer shall employ Employee, and Employee shall serve, as Chief Credit Officer and
Executive Vice President, for CBSI and CBNA, subject to termination as provided in paragraph 3 hereof. The combined period that
begins on January 1, 2016 and ends on December 31, 2018 is referred to in this Agreement as the &ldquo;Period of Employment.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraph
1(b) of the Employment Agreement is amended by deleting the last sentence in existing paragraph 1(b) and replacing that sentence
with the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Effective as of June 1, 2018,
Employee&rsquo;s Base Salary shall be increased to $325,000. Employee&rsquo;s Base Salary is payable in accordance with Employer&rsquo;s
regular payroll practices for executive employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;&nbsp;</P>

<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paragraph
2 of the Employment Agreement is amended and restated to provide in its entirety as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><U>Duties During the Period of
Employment</U>. Employee shall have full responsibility, subject to the control of the Board and Employer&rsquo;s President and
Chief Executive Officer or authorized designee, for the supervision of all aspects of Employer&rsquo;s lending and credit operations,
including all activities related to commercial lending, residential lending, direct and indirect consumer lending, credit administration,
cash management and regional banking, and the discharge of such other duties and responsibilities to Employer as may from time
to time be reasonably assigned to Employee by the Employer&rsquo;s President and Chief Executive Officer, or the authorized designee
of the Board of Directors. Employee shall report to the Executive Vice President and Chief Operating Officer of Employer or to
such other officer as designated by Employer&rsquo;s President and Chief Executive Officer. Employee shall devote Employee&rsquo;s
best efforts to the affairs of Employer, serve faithfully and to the best of Employee&rsquo;s ability and devote all of Employee&rsquo;s
working time and attention, knowledge, experience, energy and skill to the business of Employer, except that Employee may affiliate
with professional associations, business, civic and charitable organizations, provided that such services and affiliations are
not inconsistent with and do not unreasonably interfere with the performance of Employee&rsquo;s duties under this Agreement. Employee
shall serve on the Board of Directors of, or as an officer of, Employer&rsquo;s affiliates, without additional compensation if
requested to do so by the Board of Directors of Employer. Employee shall receive only the compensation and other benefits described
in this Agreement for Employee&rsquo;s duties on behalf of Employer or any of its affiliates.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
first sentence of paragraph 3(e) of the Employment Agreement is amended and restated to provide in its entirety as follows (with
the amended portion underscored):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 42pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In the event Employer terminates
Employee&rsquo;s employment during the Period of Employment or within 24 months following expiration of the Period of Employment
for reasons other than &ldquo;cause&rdquo; (as defined in paragraph 3(d)), or in the event that Employee terminates his employment
with Employer during the Period of Employment for &ldquo;good reason&rdquo; (as defined in paragraphs 6(d)(i) or 6(d)(iii) and
subject to the notice and right to cure provisions of paragraph 6(d)), then Employee shall be entitled to a severance benefit equal
to the greater of (i) <U>175 percent of </U>the sum of the annual Base Salary in effect at the time of termination and the most
recent payment to Employee under the Management Incentive Plan, or (ii) amounts of Base Salary and expected Management Incentive
Plan payments that otherwise would have been payable through the balance of the unexpired term of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
first sentence of subparagraph 6(a)(i) of the Employment Agreement is amended and restated to provide in its entirety as follows
(with the amended portion underscored):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"></P>

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Employer shall pay to the Employee
the greater of (A) <U>300</U> percent of the sum of the annual Base Salary in effect at the time of Employee&rsquo;s termination
and the aggregate sum of all payments made to Employee during the 12 months preceding Employee&rsquo;s termination pursuant to
the Management Incentive Plan (or equivalent successor plan), or (B) amounts of Base Salary and expected payments under the Management
Incentive Plan (or equivalent successor plan) that otherwise would have been payable through the balance of the unexpired term
of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except
as otherwise provided in this Amendment, all of the terms and conditions of the Employment Agreement shall remain the same. Accordingly,
this Amendment, read in conjunction with the Employment Agreement, constitutes the entire agreement between Employee and Employer
with respect to the subject matter of the Employment Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">The foregoing is established
by the following signatures of the parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">COMMUNITY BANK SYSTEM, INC.</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 47%">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 3%">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 30%">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; width: 20%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Mark E. Tryniski</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Mark E. Tryniski</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">President and Chief Executive Officer</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">COMMUNITY BANK, N.A.</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">By:</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Bernadette R. Barber</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Bernadette R. Barber</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">Senior Vice President and Chief HR Officer</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0; border-bottom: Black 1pt solid">/s/ Joseph F. Serbun</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0 0 0 0.25in; layout-grid-mode: line; text-align: justify; text-indent: 0">Joseph F. Serbun</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">Date:&nbsp;&nbsp;May 21, 2018</TD>
    <TD STYLE="padding: 0; layout-grid-mode: line; text-align: justify; text-indent: 0">&nbsp;</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in; text-align: justify"></P>



<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<!-- Field: Page; Sequence: 3; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin-top: 0pt; text-align: center; margin-bottom: 0pt; font-size: 10pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-10.4
<SEQUENCE>5
<FILENAME>tv494627_ex10-4.htm
<DESCRIPTION>EXHIBIT 10.4
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">COMMUNITY BANK SYSTEM, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RESTORATION PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Effective as of June 1, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">COMMUNITY BANK SYSTEM, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RESTORATION PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">TABLE OF CONTENTS</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 1pt solid">Page</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%; text-align: left">ARTICLE I&nbsp;&nbsp;&nbsp;DEFINITIONS</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: center">2</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ARTICLE II&nbsp;&nbsp;&nbsp;ELIGIBILITY AND PARTICIPATION</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">3</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ARTICLE III&nbsp;&nbsp;&nbsp;DEFERRED COMPENSATION BENEFIT</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">3</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ARTICLE IV&nbsp;&nbsp;&nbsp;AMENDMENT AND TERMINATION</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">6</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ARTICLE V&nbsp;&nbsp;&nbsp;CLAIMS PROCEDURE</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">7</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
<TR STYLE="text-align: left; vertical-align: bottom; font: 10pt Times New Roman, Times, Serif; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left">ARTICLE VI&nbsp;&nbsp;&nbsp;MISCELLANEOUS</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">8</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EXHIBIT A - PARTICIPATION AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">EXHIBIT B - BENEFICIARY DESIGNATION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">COMMUNITY BANK SYSTEM, INC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">RESTORATION PLAN</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>PREAMBLE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The Board of Directors of Community Bank System,
Inc. adopted this non-qualified deferred compensation plan for a select group of management and highly compensated employees of
Community Bank, N.A. and participating affiliated employers, to be effective as of June 1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">The general purpose of this Plan is to provide
non-qualified deferred compensation benefits to selected employees whose benefits under tax-qualified retirement plans are restricted
by the Internal Revenue Code Section 401(a)(17) limitation on compensation that may be taken into account under tax-qualified plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>


<!-- Field: Page; Sequence: 3; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE I&#9;<BR>
<U>DEFINITIONS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">When used herein, the following words shall
have the meanings set forth below, unless the context clearly indicates otherwise:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Account</U>
shall mean the special unfunded bookkeeping account maintained by or for a Participating Employer to record the interest of a Participant
in accordance with Article III.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Beneficiary</U>
shall mean the individual designated by a Participant in accordance with Section&nbsp;3.09 to receive the unpaid balance of the
Participant&rsquo;s benefit under this Plan following the Participant&rsquo;s death.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>401(k)
Plan</U> shall mean the Community Bank System, Inc. 401(k) Employee Stock Ownership Plan, as amended from time to time. To the
extent necessary to carry out the purposes of this Plan, the terms of the 401(k) Plan are hereby incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>401(k)
Plan Compensation</U> shall mean &ldquo;Compensation&rdquo; as defined in the 401(k) Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participant</U>
shall mean a highly compensated or management employee of a Participating Employer who satisfies the eligibility and participation
requirements of Article&nbsp;II.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participating
Employer</U> shall mean Community Bank System, Inc., Community Bank, N.A., and any other affiliate or subsidiary of Community Bank
System, Inc. that adopts this Plan pursuant to Section 6.09.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participation
Agreement</U> shall mean the written agreement between the Participating Employer and a Participant, in the form attached as Exhibit
A of the Plan (or in such other form, including electronic form, as the Plan Administrator shall determine), which sets forth such
terms and conditions determined by the Plan Administrator to be appropriate and consistent with the terms and purposes of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.08&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Pension
Plan</U> shall mean the Community Bank System, Inc. Pension Plan, as amended from time to time. To the extent necessary to carry
out the purposes of this Plan, the terms of the Pension Plan are hereby incorporated by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Pension
Plan Compensation</U> shall mean &ldquo;Compensation&rdquo; as defined in the Pension Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan</U>
shall mean the Community Bank System, Inc. Restoration Plan, as set forth in this document which may be amended from time to time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan
Administrator</U> shall mean the Senior Vice President and Chief Human Resources Officer of Community Bank, N.A., or such other
person or entity designated by the Chief Executive Officer of Community Bank, N.A. to carry out the administration of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">1.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Plan
Year</U> shall mean the calendar year; provided that the first Plan Year shall begin on June 1, 2018 and end on December 31, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 21pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE II&#9;<BR>
<U>ELIGIBILITY AND PARTICIPATION</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">2.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Eligibility</U>.
An employee of a Participating Employer is eligible to participate in this Plan if the employee: (a) is a management or highly
compensated employee of the Participating Employer, (b) is designated by the Plan Administrator as an employee eligible to participate
in this Plan, (c) has his or her participation in the Plan approved by the Compensation Committee of the Board of Directors of
Community Bank System, Inc., and (d) enters into a Participation Agreement with his or her Participating Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">2.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Participation
Agreements</U>. An eligible employee shall become a Plan Participant upon the later of (i) the date the employee executes a Participation
Agreement, or (ii) the eligibility date provided in such Participation Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE III&#9;<BR>
<U>DEFERRED COMPENSATION BENEFIT</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accounts</U>.
Each Participating Employer shall maintain a separate Account and other appropriate records for each of its employees who is a
Participant in this Plan. Accounts shall be credited (increased) and debited (decreased) in accordance with this Article III.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Initial
Restoration Credit</U>. As of the effective date of a Participant&rsquo;s initial participation in the Plan, the Participant&rsquo;s
Participating Employer shall credit the Participant&rsquo;s Account with such initial contribution/credit as may be designated
in the Participant&rsquo;s Participation Agreement. Although not limited to such purpose, the primary purpose of an initial restoration
credit is to reflect restoration credits that might have been made on behalf of the Participant if his or her participation in
the Plan was effective as of a date that is earlier than the date determined pursuant to Section 2.02. Not all Participants will
be entitled to an initial contribution/credit and initial contribution/credit amounts (if any) need not be uniform.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
Pension Restoration Credit</U>. As of the close of each Plan Year, the Participant&rsquo;s Participating Employer shall credit
the Participant&rsquo;s Account with an amount equal to the excess of (a), minus (b), where (a) and (b) are defined as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amount of the &ldquo;Service Credit&rdquo; that would have been earned by the Participant under the terms of the Pension Plan for
the Participant&rsquo;s service during the Plan Year if the amount of the Participant&rsquo;s Pension Plan Compensation that is
taken into account under the terms of the Pension Plan for the Plan Year was not limited by Internal Revenue Code section 401(a)(17).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
amount of the Service Credit actually earned by the Participant under the terms of the Pension Plan for the Participant&rsquo;s
service during the Plan Year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Annual
401(k) Plan Restoration Credit</U>. As of the close of each Plan Year, the Participant&rsquo;s Participating Employer shall credit
the Participant&rsquo;s Account with an amount equal to the product of (a) 4.5 percent (0.045), times (b) the portion of the Participant&rsquo;s
401(k) Plan Compensation for the Plan Year that exceeds the limitation imposed on 401(k) Plan Compensation pursuant to Internal
Revenue Code section 401(a)(17); provided, however, that a Participant&rsquo;s Account shall be credited in accordance with this
Section 3.04 only if the Participant maintains (for the applicable Plan Year) an election to make the maximum elective deferral
contribution that the Participant is permitted to make to the 401(k) Plan under Internal Revenue Code Section 402(g).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Earnings</U>.
As of the close of each Plan Year, the Participant&rsquo;s Account shall be increased by the product of (a) the total amount credited
to the Participant&rsquo;s Account as of the last day of the Plan Year, times (b) the discount rate applied by Community Bank System,
Inc. (for financial statement disclosure purposes) to determine the value of its aggregate liability under the Pension Plan as
of the first day of such Plan Year. (For example, the discount rate to be used under this Plan to calculate the earnings credit
to be applied for the Plan Year ending December 31, 2019 shall be the discount rate applied by Community Bank System, Inc. to determine
the value of its aggregate liability under the Pension Plan as of January 1, 2019.) Earnings for a Participant&rsquo;s first and
last Plan Year of participation shall be prorated, based on the Participant&rsquo;s complete months of participation in such Plan
Years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Account
Reduction</U>. Notwithstanding any other term or provision of the Plan (including, without limitation, Section 4.01), each Participant&rsquo;s
Account balance under this Plan shall be reduced by such amount that the Plan Administrator determines is payable to the Participant
under the Pension Plan and attributable to the Participant&rsquo;s participation in this Plan. The reduction described in the preceding
sentence shall be applied as of the earlier of (a) the date as of which benefits are first paid to or on behalf of the Participant
pursuant to the Pension Plan, or (b) the date as of which benefits are first paid to or on behalf of the Participant pursuant to
this Plan. In no event shall a Participant be entitled to receive a benefit under this Plan that duplicates a benefit that has
been paid or will be paid under the Pension Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payments
of Account Balances</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amounts
held in a Participant&rsquo;s Account shall be paid or payments shall commence on the last day of the month that follows (i) the
month during which the Participant separates from service with the Participating Employer, or (ii) in the case of a &ldquo;specified
employee&rdquo; (as defined in Internal Revenue Code Section 409A), six months after the Participant&rsquo;s separation from service
with the Participating Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments
pursuant to this Section 3.07 shall be made in the number of installments (one, three, five or eleven) designated by the Participant
in the Participant&rsquo;s Participation Agreement, on or commencing on the date determined pursuant to Section 3.07(a). The amount
of each installment shall equal the product of (i) the then current balance credited to the Participant&rsquo;s Account (including
earnings), times (ii) a fraction, the numerator of which is one and the denominator of which is the number of unpaid installments.
Installment payments due after the initial installment shall be paid on each applicable annual anniversary of the initial payment
date. For purposes of Internal Revenue Code Section 409A, the right to receive installment payments pursuant to this Plan shall
be treated as a right to receive a series of separate and distinct payments. Notwithstanding the foregoing payment terms, if a
Participant dies prior to the date the Participant&rsquo;s Account balance has been paid in full, the then current Account balance
shall be increased for earnings through the date of death and the adjusted Account balance shall be paid to the Beneficiary in
a single lump-sum payment within 90 days following the date of the Participant&rsquo;s death.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.08&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Cash-Out
of Small Balances</U>. If the balance of a Participant&rsquo;s Account is not greater than the applicable dollar amount in effect
under Internal Revenue Code Section 402(g)(1)(B) at the time a payment is due under the Plan, payment of the entire amount may
be accelerated for administrative convenience as determined by the Plan Administrator in its sole discretion. An accelerated payment
pursuant to this Section shall be made only if the Plan Administrator&rsquo;s exercise of discretion is evidenced in writing, no
later than the date of such payment, and the payment results in the complete termination and liquidation of the Participant&rsquo;s
interest in the Plan and in all other similar nonqualified deferred compensation arrangements maintained by any Participating Employer
(or any affiliated company) in which the Participant has an interest.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Beneficiaries</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payments
of Plan benefits shall be made to the Participant if living, and if not, to the Participant&rsquo;s Beneficiary. A Participant
may designate a Beneficiary and a contingent Beneficiary upon becoming a Participant, and may change such designations at any time,
by filing with the Plan Administrator a written designation in the form attached as Exhibit B (or in such other form, including
electronic form, as the Plan Administrator shall determine).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&#9;If upon the death of a Participant
no valid designation of a Beneficiary is on file with the Plan Administrator, or the benefit is not claimed by any Beneficiary
within a reasonable period of time after the death of the Participant, the benefit shall be paid in the following order of priority:
(i) &#9;the Participant&rsquo;s surviving spouse; (ii) the Participant&rsquo;s surviving children, including adopted children,
in equal shares; or (iii) the Participant&rsquo;s estate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Missing
Participants</U>. If by the 15<SUP>th</SUP> day of the sixth calendar month following the date of a payment specified under the
Plan, the Participating Employer is unable to locate a Participant who is entitled to a benefit under the Plan after the Participating
Employer has made a diligent effort to locate the Participant, the Participating Employer, in its sole and absolute discretion,
may forfeit the Participant&rsquo;s benefit under the Plan, and no Participating Employer shall have any further obligation under
this Plan with respect to that Participant.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">3.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forfeiture</U>.
Notwithstanding any other term or provision in the Plan, a Participant shall immediately cease to be a participant in the Plan
and shall immediately forfeit his or her entire unpaid Account balance in the Plan, if the Participant&rsquo;s employment with
a Participating Employer is terminated by the Participating Employer for &ldquo;cause.&rdquo; For this purpose, &ldquo;cause&rdquo;
shall mean any act of dishonesty or fraud, acts of moral turpitude, or the commission of a felony.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE IV&#9;<BR>
<U>AMENDMENT AND TERMINATION</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">4.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendment
and Termination</U>. Community Bank System, Inc. intends to maintain the Plan until all benefit payments are made pursuant to the
Plan. However, Community Bank System, Inc. reserves the right to amend or terminate the Plan at any time. Any such amendment or
termination shall be made pursuant to resolutions of the Board of Directors of Community Bank System, Inc. No amendment or termination
of the Plan shall directly or indirectly deprive any Participant of any portion of any benefit which has accrued prior to the effective
date of the resolution amending or terminating the Plan. Any benefit payments on account of the Plan termination shall be made
in accordance with the plan termination provisions of Internal Revenue Code Section 409A, as more fully described in Sections 4.01(a)
and (b) below. Notwithstanding any other provision in the Plan to the contrary, the Plan shall terminate automatically upon the
final payment of all amounts payable hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this Plan is terminated prior to, and not on account of, a change in control (as defined in Internal Revenue Code Section 409A),
then (i)&nbsp;all agreements, methods, programs, and other arrangements sponsored by the affected Participating Employer that would
be aggregated under the plan aggregation rules of Internal Revenue Code Section 409A (the &ldquo;Aggregated Plans&rdquo;) shall
be terminated and liquidated, (ii)&nbsp;all Participants shall receive all amounts of compensation deferred under the terminated
Plan and all Aggregated Plans after 12 months after the date the Participating Employer irrevocably takes all necessary actions
to terminate the Plan and all Aggregated Plans, other than payments that would be payable under the terms of the Plan if the action
to terminate and liquidate the Plan had not occurred, (iii)&nbsp;all Participants shall receive all amounts of compensation deferred
under the terminated Plan and all Aggregated Plans within 24 months after the date the Participating Employer irrevocably takes
all necessary actions to terminate the Plan and all Aggregated Plans, and (iv)&nbsp;the Participating Employers may not adopt a
new plan that would be aggregated under the plan aggregation rules of Internal Revenue Code Section 409A within three years of
the date the Participating Employer irrevocably takes all necessary actions to terminate the Plan and all Aggregated Plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
this Plan is terminated on account of a change in control (as defined in Internal Revenue Code Section 409A) within 30 days preceding
or 12 months following the change in control, then (i) all Aggregated Plans immediately after the change in control shall be terminated
and liquidated with respect to each Plan Participant who experienced the change in control, and (ii) all affected Participants
shall receive all amounts of compensation deferred under the terminated Plan and all Aggregated Plans within 12 months of the date
the Participating Employer irrevocably takes all necessary action to terminate the Plan and all Aggregated Plans.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">4.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Successors</U>.
This Plan shall inure to the benefit of and be binding upon the successors and assigns of each Participating Employer. Each Participating
Employer shall use its reasonable efforts to ensure that any successor to such Participating Employer adopts, and agrees to be
bound by, the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE V&#9;<BR>
<U>CLAIMS PROCEDURE</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">5.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Written
Request</U>. A Participant or Beneficiary seeking unpaid Plan benefits must submit a written request for benefits to the Plan Administrator.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">5.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notice
of Denial</U>. If a request for benefits is wholly or partially denied, notice of the denial, prepared in accordance with Section&nbsp;5.03,
shall be furnished to the claimant within a reasonable period of time, not to exceed 90 days, after receipt of the request by the
Plan Administrator, unless special circumstances require an extension of time for processing the request. If such an extension
of time is required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial
90-day period. In no event shall such extension exceed a period of 90 days from the end of such initial period. The extension notice
shall indicate the special circumstances requiring an extension of time and the date on which the Plan Administrator expects to
render a decision.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">5.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Content
of Notice</U>. The Plan Administrator shall provide every claimant whose request for benefits is denied a written notice setting
forth, in a manner calculated to be understood by the claimant, the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
specific reason or reasons for the denial;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;specific
references to the pertinent Plan provisions upon which the denial is based;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a
description of any additional material or information necessary for the claimant to perfect the request and an explanation of why
such material or information is necessary; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;an
explanation of the Plan&rsquo;s review procedures (set forth below), including the time limits applicable to such procedures and
a statement of the claimant&rsquo;s right to commence a civil action under Section 502(a) of the Employee Retirement Income Security
Act following an adverse benefit determination on review.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">5.04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Review
Procedure</U>. The purpose of the review procedure set forth in this Section and Section&nbsp;5.05 is to provide a procedure by
which a claimant under the Plan may have a reasonable opportunity to appeal a denial of a request for benefits to the Plan Administrator
for a full and fair review. To accomplish that purpose, the claimant (or the claimant&rsquo;s duly authorized representative) may:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;upon
request, and free of charge, receive reasonable access to, and copies of, all pertinent Plan documents, records, and other information
relevant to the claim; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;submit
issues and comments in writing plus any documents, records or other information relevant to the claim.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">A claimant (or the claimant&rsquo;s duly authorized representative)
may request a review of the denial of a claim for benefits by filing a written application for review with the Plan Administrator
at any time within 60 days after receipt by the claimant of written notice of the denial of the claimant&rsquo;s request for benefits.
The review will take into account all comments, documents, records, and other information submitted by or on behalf of the claimant
relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">5.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Decision
on Review</U>. A decision on review of a denied request for benefits shall be made in the following manner:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
decision on review shall be made by the Plan Administrator. The Plan Administrator shall make a decision promptly, but not later
than 60 days after receipt of the request for review, unless special circumstances require an extension of time for processing,
in which case a decision shall be rendered as soon as possible, but not later than 120 days after receipt of the request for review.
If such an extension of time for review is required, written notice of the extension shall be furnished to the claimant prior to
the commencement of the extension.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
decision on review shall be in writing and shall be written in a manner calculated to be understood by the claimant. If the benefit
determination is adverse, the notice will include: (i) the specific reason(s) for the adverse determination; (ii) specific references
to the pertinent Plan provisions upon which the determination is based; (iii) a statement of the claimant&rsquo;s right to receive,
upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to
the claim; and (iv) a statement of the claimant&rsquo;s right to bring an action under Section 502(a) of ERISA.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0in">ARTICLE VI&#9;<BR>
<U>MISCELLANEOUS</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.01&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Effect on Employment Rights</U>. Nothing contained in this Plan shall confer upon any Participant the right to be retained in the
service of any Participating Employer nor limit the right of a Participating Employer to discharge or otherwise deal with the Participant
without regard to the existence of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.02&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Funding</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Plan, at all times, shall be entirely unfunded for income tax purposes and for purposes of the Employee Retirement Income Security
Act. No provision shall be made at any time with respect to segregating any assets of any Participating Employer for the payment
of any benefits hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
Participant or Beneficiary shall have any interest in any particular assets of any Participating Employer by reason of the right
to receive a benefit under this Plan, and any such Participant or Beneficiary shall have only the rights of an unsecured general
creditor solely of the Participating Employer that employees or employed such Participant with respect to any rights under the
Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nothing
contained in the Plan shall constitute a guarantee by any Participating Employer or any entity or person that the assets of the
Participating Employer will be sufficient to pay any benefit hereunder. Further, no Participating Employer shall have any liability
or responsibility for the payment of any benefits under this Plan to or on behalf of Participants who are or were employed by any
other Participating Employer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding
the foregoing of this Section 6.02, each Participating Employer may establish or participate in a grantor trust (commonly referred
to as a &ldquo;rabbi trust&rdquo;) to provide the Participating Employer with a source of assets to assist the Participating Employer
in satisfying its liabilities under this Plan. To the extent consistent with Internal Revenue Code Section 409A, each Participating
Employer shall contribute to the trust such cash and/or property that the Participating Employer shall deem necessary and appropriate
to satisfy its obligations under this Plan. The establishment and maintenance of the trust shall not affect the status of the Plan
as an unfunded plan maintained for the purpose of providing deferred compensation to a select group of the management and highly
compensated employees.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.03&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Withholding</U>.
Amounts credited, and benefit payments made, pursuant to the Plan shall be subject to withholding for income, FICA and other employee
payroll and employment taxes, withholding taxes, or other similar taxes that the Participating Employer may be required by law
to withhold.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.04&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Spendthrift
Provision</U>. No benefit payable under this Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance, or charge prior to actual receipt thereof by the payee. Any attempt to anticipate, alienate, sell, transfer,
assign, pledge, encumber or charge prior to such receipt shall be void. No Participating Employer shall be liable in any manner
for or subject to the debts, contracts, liabilities, or torts of any person entitled to any benefit under this Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.05&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Administration</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Plan Administrator shall be responsible for the general operation and administration of the Plan and for carrying out its provisions.
Notwithstanding the foregoing sentence, the Plan Administrator may delegate to employees of any Participating Employer responsibility
for such administrative duties as the Plan Administrator may deem necessary or appropriate. The Plan Administrator also may engage
such actuaries, accountants, record keepers, counsel or other persons to perform such services with respect to the Plan as the
Plan Administrator may deem necessary or appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Plan Administrator shall have the authority and discretion to construe, interpret and apply all the terms and provisions of the
Plan, including any uncertain or disputed terms or provisions of the Plan. All actions and decisions of the Plan Administrator,
including any exercise of the Plan Administrator&rsquo;s authority and discretion to construe, interpret and apply uncertain or
disputed terms or provisions of the Plan, shall be binding and conclusive upon each Participating Employer, Participant, Beneficiary,
and claimant. All actions and decisions of the Plan Administrator shall be given deference in all courts of law and no such action
or decision shall be overturned or set aside by any court of law unless found to be arbitrary and capricious, or made in bad faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.06&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure</U>.
Each Participant shall be entitled to receive a copy of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.07&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>. The Plan is established under, and shall be governed and construed according to, the laws of the State of New York, to
the extent such laws are not preempted by federal law. In addition, the Plan and each Participation Agreement shall be interpreted
and applied in all circumstances in a manner that is consistent with the Participating Employers&rsquo; intentions that the Plan
satisfy the applicable requirements of Internal Revenue Code Section 409A and that amounts paid pursuant to the Plan shall not
be subject to the premature income tax recognition or adverse tax provisions of Internal Revenue Code Section 409A. Accordingly,
by way of example and not limitation, (a) the phrase &ldquo;termination of employment&rdquo; (and similar terms and phrases) shall
be construed to mean &ldquo;separation from service&rdquo; within the meaning of Internal Revenue Code Section 409A, and (b) distributions
of benefits payable following a Participant&rsquo;s termination of employment shall commence as of the date required by the Plan
or, if later, the earliest date permitted by Internal Revenue Code Section 409A (generally six months after separation, if the
Participant is a &ldquo;specified employee&rdquo; within the meaning of Internal Revenue Code Section 409A).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.08&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Severability</U>.
If one or more provisions of the Plan, or any part thereof, shall be determined by a court of competent jurisdiction to be invalid
or unenforceable, then the Plan shall be administered as if such invalid or unenforceable provision had not been contained in the
Plan. The invalidity or unenforceability of any Plan provision, or any part thereof, shall not affect the validity and enforceability
of any other Plan provision or any part thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">6.09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Adoption
of Plan by Affiliates</U>. Any affiliate or subsidiary of Community Bank System, Inc. may participate in this Plan, with the consent
of the Board of Directors of Community Bank System, Inc., provided that the participating entity shall not have authority to amend
the Plan. A participating entity shall be deemed to have delegated authority to administer the Plan to the Plan Administrator and
shall execute such documents that the Plan Administrator shall deem necessary or appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">Community Bank System, Inc. caused this Plan
to be executed by its duly authorized officer to be effective as of June 1, 2018.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR>
    <TD STYLE="vertical-align: top">Dated:&nbsp;May 21, 2018</TD>
    <TD COLSPAN="3">COMMUNITY BANK SYSTEM, INC.</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; width: 56%">&nbsp;</TD>
    <TD STYLE="width: 4%">By:&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 30%; border-bottom: Black 1pt solid">/s/ Bernadette R. Barber</TD>
    <TD STYLE="width: 10%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top">Bernadette R. Barber<BR>Senior Vice President and Chief HR Officer</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 13; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%"></TD><TD STYLE="width: 34%; text-align: center">-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence -->-</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>6
<FILENAME>tv494627_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt"><IMG SRC="cbu_logo.jpg"></TD>
    <TD STYLE="width: 50%; text-align: center; vertical-align: bottom">
        <P STYLE="font: 24pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>News Release</U></B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For further information, please contact:</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt">5790 Widewaters Parkway, DeWitt, N.Y. 13214</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Scott A. Kingsley, EVP &amp; Chief Financial
        Officer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Office: (315) 445-3121</P></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Community
Bank System, Inc. </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-variant: small-caps"><B>Announces
Senior Management Changes</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">SYRACUSE, N.Y. &mdash; May 21, 2018 &mdash;
Community Bank System, Inc. (NYSE: CBU) (the &ldquo;Company&rdquo;) and its wholly-owned subsidiary, Community Bank, N.A. (the
&ldquo;Bank&rdquo;), announced several key senior management promotions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 4.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Scott Kingsley has been promoted to the Executive Vice President
and Chief Operating Officer of the Company and the Bank effective June 1, 2018. Mr. Kingsley has served as Executive Vice President
and Chief Financial Officer since joining the Company in 2004. In his role as Chief Operating Officer, Mr. Kingsley will have oversight
responsibilities for all banking, wealth management, employee benefit services, and insurance operations and related business activities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Joseph E. Sutaris has been promoted to Executive Vice President
and Chief Financial Officer of the Company and Bank, succeeding Mr. Kingsley in that position, effective June 1, 2018. Mr. Sutaris
is currently serving as the Bank&rsquo;s Senior Vice President, Finance and Accounting. In his role as Chief Financial Officer,
Mr. Sutaris&rsquo; responsibilities will include supervision of all activities related to finance, accounting and investor relations.
Mr. Sutaris joined the Company in 2011 as part of the acquisition of Wilber National Bank where he served as the Executive Vice
President, Chief Financial Officer, Treasurer and Secretary of Wilber National Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Joseph F. Serbun has been promoted to Executive Vice President
and Chief Credit Officer, effective June 1, 2018, upon the previously announced retirement of Brian D. Donahue as EVP and Chief
Banking Officer. Mr. Serbun&rsquo;s responsibilities will be expanded to include supervision of all aspects of the Bank&rsquo;s
lending and credit operations related to commercial lending, residential lending, direct and indirect consumer lending, credit
administration, cash management and regional banking. Mr. Serbun joined the Bank in 2008 as Credit Officer Team Leader and has
served as Senior Vice President and Chief Credit Officer since 2010. Mr. Serbun has more than 34 years of experience in the banking
industry, having served in various roles with larger money center banks and regional community banks.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mark E. Tryniski, the President and Chief Executive Officer
of the Company commented, &ldquo;I am excited to announce these senior management changes. Scott Kingsley has been instrumental
in the growth and success of the Company and its subsidiaries and the decision to have him act as the Company&rsquo;s Chief Operating
Officer will enable him to further focus his attention on our banking operations and the wealth management, employee benefit services,
and insurance operations with the intent to grow those lines of business in a dynamic way. Joe Sutaris and Joe Serbun are seasoned
bankers and their long-tenure and experience with the Company has positioned them for continued success in their expanded roles
and I believe their energy and leadership will support the continued growth and success of the Company.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Community Bank System, Inc. operates more than 230 customer
facilities across Upstate New York, Northeastern Pennsylvania, Vermont, and Western Massachusetts through its banking subsidiary,
Community Bank, N.A. With assets of approximately $11 billion, the DeWitt, N.Y. headquartered company is among the country&rsquo;s
150 largest financial institutions. In addition to a full range of retail, business, and municipal banking services, the Company
offers comprehensive financial planning, insurance and wealth management services through its&rsquo; Community Bank Wealth Management
Group and OneGroup NY, Inc. operating subsidiaries. The Company&rsquo;s Benefit Plans Administrative Services, Inc. subsidiary
(which includes Northeast Retirement Services, LLC) is a leading provider of employee benefits administration, trust services,
fund administration and actuarial consulting services to customers on a national scale. Community Bank System, Inc. is listed on
the New York Stock Exchange and the Company&rsquo;s stock trades under the symbol CBU. For more information about Community Bank
visit www.communitybankna.com or http://ir.communitybanksystem.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">###</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause the actual
results of CBU&rsquo;s operations to differ materially from CBU&rsquo;s expectations: the successful integration of operations
of its acquisitions; competition; changes in economic conditions, interest rates and financial markets; and changes in legislation
or regulatory requirements. These statements are based on the current beliefs and expectations of CBU&rsquo;s management and CBU
does not assume any duty to update forward-looking statements.</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>cbu_logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 cbu_logo.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1"  ] 1(# 2(  A$! Q$!_\0
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M':PI9F#9Y*H-N".>*\F^/\B!O#BEQN$[L1GD#Y>:]CA9?L4;;AM\H'.>,8H
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="&21XH8T>5MTC*H!<],GU- $F*6BB@ HHHH _]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
