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BRIEF-Alliance Financial updates on merger agreement with NBT-SEC filing

Oct 9 (Reuters) - Alliance Financial Corp :

* Says the company will be obligated to pay NBT a termination fee of $9.3 million-SEC filing

* Post merger CEO Jack Webb, will be employed as executive vice president, strategic support for NBT

* Says the merger agreement also contains a 'no shop' provision

* Further company coverage

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