99.26
ADDENDUM TO
DEFERRED FEE AGREEMENT
This is an addendum to the DEFERRED FEE AGREEMENT previously entered
into on October 9, 1996 by and between XXXXX X. XXXXXXX and SAN XXXXXXX BANK.
The parties to this ADDENDUM hereby agree to the following:
A. That the creation of the bank holding company to be named San Xxxxxxx
Bancorp., a California corporation, and the subsequent acquisition of
San Xxxxxxx Bank, a California corporation, by San Xxxxxxx Bancorp.,
does not constitute a "Change in Control" under Paragraph 1.1.1 of
the DEFERRED FEE AGREEMENT.
B. That the transaction described in Paragraph A above does not entitle
XXXXX X. XXXXXXX to the Change in Control Benefit described in Paragraph
4.3 of the DEFERRED FEE AGREEMENT.
C. In all other respects, the parties reaffirm the DEFERRED FEE AGREEMENT
dated October 9, 1996.
IN WITNESS WHEREOF, each of the parties has executed this ADDENDUM, in
the case of San Xxxxxxx Bank by its duly authorized officer, this 30th day of
April, 2003.
DIRECTOR: SAN XXXXXXX BANK
/s/ Xxxxx X. Xxxxxxx By: /s/ Xxxxx Xxxxxx
------------------------ -----------------------------------
Xxxxx X. Xxxxxxx Xxxxx Xxxxxx, Chairman of the Board
