A D D E N D U M
TO EMPLOYMENT AGREEMENT
THIS ADDENDUM is to that certain Employment Agreement dated February 10,
1986, by and between NORTH VALLEY BANK ("Employer") and XXXXX X. XXXXX, XX.
("Employee").
THE PARTIES MUTUALLY AGREE to modify said Agreement in the following
manner:
1. Paragraph 4 is amended to read as follows:
Salary. As compensation for the services rendered by him under this Agreement,
the Employee shall be entitled to an annual salary of $98,340 per year.
2. Paragraph 6 of the Employment Agreement is modified to read as follows:
VACATION The employee shall be entitled to vacation pursuant to the
provisions of the vacation policies established by the Bank plus two additional
weeks.
IN ALL OTHER RESPECTS, the terms and conditions of said Agreement shall
continue in full force and effect.
DATED: January 5, 1996.
EMPLOYER: . EMPLOYEE:
NORTH VALLEY BANK /s/ Xxxxx X. Xxxxx, Xx.
--------------------------
By /s/ Xxxxxx X. Xxxxxx Xxxxx X. Xxxxx, Xx.
------------------------------
Xxxxxx X. Xxxxxx, President
Exhibit 10(d)
INTEROFFICE
North Valley Bank MEMO
---------------------------------------------------------------
March 28, 1996
SUBJECT: EMPLOYMENT AGREEMENT
--------------------------------------------------------------------------------
FROM: XXXXXX X. XXXXXX, PRESIDENT & C.E.O.
TO: XXXXX X. XXXXX, EXECUTIVE VICE PRESIDENT
Dear Xxx:
Please be advised that, pursuant to the Addendum to the Employment Agreement
dated July 25, 1989, I have found your performance for the year 1995
satisfactory, and hereby renew your contract for a 2 year term effective January
1, 1996.
Employer:
NORTH VALLEY BANK
By /s/ Xxxxxx X. Xxxxxx
---------------------------------------
Xxxxxx X. Xxxxxx, President & C.E.O.
DVC:hg
