THE EXECUTIVE NONQUALIFIED EXCESS PLAN ADOPTION AGREEMENT

EXHIBIT 10.10

THE EXECUTIVE NONQUALIFIED EXCESS PLAN

ADOPTION AGREEMENT

THIS AGREEMENT is the adoption by Sound Community Bank (the "Company") of the Executive Nonqualified Excess Plan ("Plan").

W I T N E S S E T H:

WHEREAS, the Company desires to adopt the Plan as an unfunded, nonqualified deferred compensation plan; and

WHEREAS, the provisions of the Plan are intended to comply with the requirements of Section 409A of the Code and the regulations thereunder and shall apply to amounts subject to section 409A; and

WHEREAS, the Company has been advised by Principal Life Insurance Company to obtain legal

and tax advice from its professional advisors before adopting the Plan,

NOW, THEREFORE, the Company hereby adopts the Plan in accordance with the terms and

conditions set forth in this Adoption Agreement:

ARTICLE I

Terms used in this Adoption Agreement shall have the same meaning as in the Plan, unless some other meaning is expressly herein set forth. The Employer hereby represents and warrants that the Plan has been adopted by the Employer upon proper authorization and the Employer hereby elects to adopt the Plan for the benefit of its Participants as referred to in the Plan. By the execution of this Adoption Agreement, the Employer hereby agrees to be bound by the terms of the Plan.

ARTICLE II

The Employer hereby makes the following designations or elections for the purpose of the Plan:

2.6     Committee:     The duties of the Committee set forth in the Plan shall be satisfied by:

XX     (a)     Company

__     (b)     The administrative committee appointed by the Board to serve at the pleasure
            of the Board.

__     (c)     Board.

__     (d)     Other (specify):

EXHIBIT 10.10

2.8     Compensation:     The "Compensation" of a Participant shall mean all of a Participant's:

XX     (a)     Base salary.

XX     (b)     Service Bonus.

__     Service Bonus earned from 1/1 – 12/31, paid on or around first quarter
        of the following Plan Year.

XX Quarterly Bonus earned each calendar quarter, paid on or around the
        following calendar quarter.

__     Service Bonus with no defined earnings period (e.g.: a “spot bonus”)

XX     (c)     Performance-Based Compensation earned in a period of 12 months or more.

XX Annual Executive Bonus earned from 1/1 – 12/31, paid on or around
        first quarter the following Plan Year and whose elections must be made
        no later than 6/30 of the Plan Year it is earned.

__     Performance Based Bonus earned from _______, paid on or around
        _________ the following Plan Year and whose elections must be made
        no later than _____ of the Plan Year it is earned.

XX     (d)     Commissions.

__     (e)     Compensation received as an Independent Contractor reportable on Form 1099.

__     (f)     Other:

2.9     Crediting Date:     The Deferred Compensation Account of a Participant shall be credited as
            follows:

Participant Deferral Credits at the time designated below:

XX     (a)     On any business day as specified by the Employer.

__     (b)    Each pay day as reported by the Employer.

__     (c)     The last business day of each payroll period during the Plan Year.

Employer Credits at the time designated below:

XX     (a)     On any business day as specified by the Employer.

EXHIBIT 10.10

2.13     Effective Date:

__     (a)     This is a newly-established Plan, and the Effective Date of the Plan is
            _____________.

XX     (b)     This is an amendment of a plan named Sound Community Bank Nonqualified
            Deferred Compensation Plan dated January 1, 2017 and governing all
            contributions to the plan through March 31, 2020. The Effective Date of this
            amended Plan is April 1, 2020.

2.20     Normal Retirement Age: The Normal Retirement Age of a Participant shall be:

XX     (a)     Age 65.

__     (b)     The later of age ___ or the _______ anniversary of the participation
            commencement date. The participation commencement date is the first day of
            the first Plan Year in which the Participant commenced participation in the Plan.

__     (c)     Other: _____________________________________.

2.23     Participating Employer(s): As of the Effective Date, the following Participating Employer(s) are
    parties to the Plan:

Name of Employer EIN

Sound Community Bank 00-0000000

2.26     Plan:     The name of the Plan is

Sound Community Bank Nonqualified Deferred Compensation Plan.

2.28     Plan Year:     The Plan Year shall end each year on the last day of the month of December.

2.30     Seniority Date: The date on which a Participant has:

__     (a) Attained age __.

__    (b)    Completed __ Years of Service from First Date of Service.

__     (c)     Attained age __and completed __Years of Service from First Date of Service.

XX     (d)     Not applicable – distribution elections for Separation from Service are not based
        on Seniority Date.

EXHIBIT 10.10

4.1     Participant Deferral Credits: Subject to the limitations in Section 4.1 of the Plan, a Participant
    may elect to have his Compensation (as selected in Section 2.8 of this Adoption Agreement)
    deferred within the annual limits below by the following percentage or amount as designated in
    writing to the Committee:

XX     (a)     Base salary:

minimum deferral:     _________%

maximum deferral:     ____80___%

XX     (b)     Service Bonus:

XX Quarterly Bonus

minimum deferral:     _________%

maximum deferral:     ____80___ %

XX     (c)     Performance-Based Compensation:

XX Annual Executive Bonus

minimum deferral:     __________%

maximum deferral:     ____80____%

XX     (d)     Commissions:

minimum deferral:     __________%

maximum deferral:     ____80____%

__     (e)     Form 1099 Compensation:

minimum deferral:     __________%

maximum deferral:     __________%

__     (f)     Other:

minimum deferral:     __________%

maximum deferral:     __________%

__     (g)     Participant deferrals not allowed.

EXHIBIT 10.10

4.1.2     Participant Deferral Credits and Employer Credits – Election Period: Participant elections
    regarding Participant Deferral Credits and Employer Credits shall be subject to the following
    effective periods (one must be selected):

XX     (a)     Evergreen election. An election made by the Participant shall continue in effect
            for subsequent years until modified by the Participant as permitted in Section 4.1
            and Section 4.2. (This option is not permitted if source year accounts are elected
            in Section 4.3)

__     (b)     Non-Evergreen election. Any election made by the Participant shall only remain
            in effect for the current election period and will then expire. An election for each
            subsequent year will be required as permitted in Sections 4.1 and 4.2.

4.2     Employer Credits: Employer Credits will be made in the following manner:

XX     (a)     Employer Credits 1 (Employer Discretionary Credits): The Employer may
            make discretionary credits to the Deferred Compensation Account of each
            Active Participant in an amount determined as follows:

XX     (i)     An amount determined each Plan Year by the Employer.

__     (ii)     Other: _______________________________________.

XX     (b)     Employer Credits 2 (Other Employer Credits): The Employer may make
            other credits to the Deferred Compensation Account of each Active Participant
            in an amount determined as follows:

XX     (i)     An amount determined each Plan Year by the Employer.

__     (ii)     Other: _______________________________________.

XX     (b)     Employer Credits 3 (3-year Credits): The Employer may make other credits to
            the Deferred Compensation Account of each Active Participant in an amount
            determined as follows:

XX     (i)     An amount determined each Plan Year by the Employer.

__     (ii)     Other: _______________________________________.

XX     (b)     Employer Credits 4 (5-year Credits): The Employer may make other credits to
            the Deferred Compensation Account of each Active Participant in an amount
            determined as follows:

XX     (i)     An amount determined each Plan Year by the Employer.

__     (ii)     Other: _______________________________________.

__     (c)     Employer Credits not allowed.

EXHIBIT 10.10

4.3     Deferred Compensation Account: The Participant is permitted to establish the following
    accounts:

XX     (a)     Non-source year account(s). Deferred Compensation Account(s) will not be
            established on a source year basis:

__     (i)     A Participant may establish only one account to be distributed upon
            Separation from Service. One set of payment options for that account is
            allowed as permitted in Section 7.1. Additional In-Service or Education
            accounts may be established as permitted in Section 5.4.

XX    (ii)     A Participant may establish multiple accounts to be distributed upon
            Separation from Service. Each account may have one set of payment
            options as permitted in Section 7.1 Additional In-Service or Education
            accounts may be established as permitted in Section 5.4. If this multiple
            account option is elected, the Participant will also be required to elect
            Separation from Service payment options for each In-Service or
            Education account established.

__     (b)     Source year account(s): Annual Deferred Compensation Account(s) will be
            established each year in which Participant Deferral Credits or Employer Credits
            are credited to the Participant. Only one account may be established each year
            for distribution upon Separation from Service. One set of payment options for
            that account is allowed as permitted in Section 7.1. Additional In-Service or
            Education accounts may be established for each source year as permitted in
            Section 5.4. If this option is selected, Evergreen elections as described in Section
            4.1.2 are not permitted.

5.2 Disability of a Participant:

XX     (a)     A Participant's becoming Disabled shall be a Qualifying Distribution Event and
            the Deferred Compensation Account shall be paid by the Employer as provided
            in Section 7.1.

__     (b)     A Participant becoming Disabled shall not be a Qualifying Distribution Event.

5.3     Death of a Participant: If the Participant dies while in Service, the Employer shall pay a benefit
    to the Beneficiary in an amount equal to the vested balance in the Deferred Compensation Account
    of the Participant determined as of the date payments to the Beneficiary commence, plus:

__     (a)     An amount to be determined by the Committee.

XX     (b)     No additional benefits.

EXHIBIT 10.10

5.4     In-Service or Education Distributions: In-Service and Education Accounts are permitted under
    the Plan:

XX     (a)     In-Service Accounts are allowed with respect to:

__     Participant Deferral Credits only.

__     Employer Credits only.

XX     Participant Deferral and Employer Credits.

In-service distributions may be made in the following manner:

XX     Single lump sum payment.

XX     Annual installments over a term certain not to exceed 5 years.

Education Accounts are allowed with respect to:

__     Participant Deferral Credits only.

__     Employer Credits only.

__     Participant Deferral and Employer Credits.

Education Accounts distributions may be made in the following manner:

__     Single lump sum payment.

__     Annual installments over a term certain not to exceed __ years.

If applicable, amounts not vested at the time payments due under this Section
    cease will be:

__     Forfeited

XX     Distributed at Separation from Service if vested at that time

__     (b)     No In-Service or Education Distributions permitted.

5.5     Change in Control Event:

__     (a)     Participants may elect upon initial enrollment to have accounts distributed
            upon a Change in Control Event.

XX     (b)     A Change in Control shall not be a Qualifying Distribution Event.

5.6     Unforeseeable Emergency Event:

XX     (a)     Participants may apply to have accounts distributed upon an Unforeseeable
            Emergency event.

__     (b)     An Unforeseeable Emergency shall not be a Qualifying Distribution Event.

EXHIBIT 10.10

6.     Vesting: An Active Participant shall be fully vested in the Employer Credits made to the
    Deferred Compensation Account upon the first to occur of the following events:

__     (a)     Normal Retirement Age.

XX     (b)     Death.

XX     (c)     Disability.

XX     (d)     Change in Control Event

XX     (e)     Satisfaction of the vesting requirement as specified below:

XX Employer Credits 1 (Employer Discretionary Credits):

__     (i)     Immediate 100% vesting.

XX     (ii)     100% vesting after 3 Years of Service.

__     (iii)     100% vesting at age __.

__     (iv)     Number of Years                 Vested

of Service                 Percentage

Less than 1                 _____%

1                     _____%

2                     _____%

3                     _____%

4                     _____%

5                     _____%

6                     _____%

For this purpose, Years of Service of a Participant shall be calculated from the
    date designated below:

__     (1)     First day of Service.

XX     (2)     Effective date of Plan participation.

__     (3)     Each Crediting Date. Under this option (3), each Employer
            Credit shall vest based on the Years of Service of a Participant
            from the Crediting Date on which each Employer
            Discretionary Credit is made to his or her Deferred
            Compensation Account.

EXHIBIT 10.10

XX Employer Credits 2 (Other Employer Credits):

__     (i)     Immediate 100% vesting.

__     (ii)     100% vesting after __ Years of Service.

__     (iii)     100% vesting at age __.

XX     (iv)     Number of Years                 Vested

of Service                 Percentage

Less than 1                 __0__%

1                     __0__ %

2                     __20_ %

3                     __40_ %

4                     __60_ %

5                     __80_ %

6                     _100_ %

For this purpose, Years of Service of a Participant shall be calculated from the
date designated below:

XX     (1)     First day of Service.

__     (2)     Effective date of Plan participation.

__     (3)     Each Crediting Date. Under this option (3), each Employer
            Credit shall vest based on the Years of Service of a Participant
            from the Crediting Date on which each Employer
            Discretionary Credit is made to his or her Deferred
            Compensation Account.

EXHIBIT 10.10

XX Employer Credits 3 (3-year Credits):

__     (i)     Immediate 100% vesting.

XX     (ii)     100% vesting after 3 Years of Service.

__     (iii)     100% vesting at age __.

__     (iv)     Number of Years                 Vested

of Service                 Percentage

Less than 1                 _____%

1                     _____%

2                     _____%

3                     _____%

4                     _____%

5                     _____%

6                     _____%

For this purpose, Years of Service of a Participant shall be calculated from the
    date designated below:

__     (1)     First day of Service.

__     (2)     Effective date of Plan participation.

XX     (3)     Each Crediting Date. Under this option (3), each Employer
            Credit shall vest based on the Years of Service of a Participant
            from the Crediting Date on which each Employer
            Discretionary Credit is made to his or her Deferred
            Compensation Account. If contributions are received on May
            1st of this year, vesting should be calculated from Feb 1st

EXHIBIT 10.10

XX Employer Credits 4 (5-year Credits):

__     (i)     Immediate 100% vesting.

__    (ii)     100% vesting after __ Years of Service.

__     (iii)     100% vesting at age __.

XX     (iv)     Number of Years                 Vested

of Service                 Percentage

Less than 1                 __0__ %

1                     __20_ %

2                     __40_ %

3                     __60_ %

4                     __80_ %

5                     _100_ %

6                     _____%

For this purpose, Years of Service of a Participant shall be calculated from the
    date designated below:

__     (1)    First day of Service.

__     (2)     Effective date of Plan participation.

XX     (3)     Each Crediting Date. Under this option (3), each Employer
            Credit shall vest based on the Years of Service of a Participant
            from the Crediting Date on which each Employer
            Discretionary Credit is made to his or her Deferred
            Compensation Account. If contributions are received on May
            1st of this year, vesting should be calculated from Feb 1st

EXHIBIT 10.10

7.1     Payment Options: Any benefit payable under the Plan upon a permitted Qualifying Distribution
    Event may be made to the Participant or his Beneficiary (as applicable) in any of the following
    payment forms, as selected by the Participant in the Participation Agreement:

(a)     Separation from Service (Seniority Date is Not Applicable)

XX     (i)     A lump sum.

XX     (ii)     Annual installments over a term certain as elected by the Participant not
            to exceed 10 years.

(b)     Separation from Service prior to Seniority Date (If Applicable)

__     (i)     A lump sum.

XX     (ii)     Not Applicable

(c)     Separation from Service on or After Seniority Date (If Applicable)

__     (i)     A lump sum.

__     (ii)     Annual installments over a term certain as elected by the Participant not
            to exceed __years.

XX     (iii)     Not Applicable

(d)     Separation from Service Upon a Change in Control Event

XX (i)     A lump sum.

(e)     Death

XX     (i)     A lump sum.

__     (ii)     Annual installments over a term certain as elected by the Participant not
            to exceed __ years.

(f)     Disability

XX     (i)     A lump sum.

XX     (ii)     Annual installments over a term certain as elected by the Participant not
            to exceed 10 years.

__     (iii)     Not applicable.

If applicable, amounts not vested at the time payments due under this Section cease will
    be:

__     Forfeited

__     Distributed at Separation from Service if vested at that time

EXHIBIT 10.10

(g)     Change in Control Event

__     (i)     A lump sum.

XX     (ii)     Not Applicable

If applicable, amounts not vested at the time payments due under this Section cease will
    be:

__     Forfeited

__     Distributed at Separation from Service if vested at that time

7.4     De Minimis Amounts.

__     (a)     Notwithstanding any payment election made by the Participant, the
            vested balance in all Deferred Compensation Account(s) of the
            Participant will be distributed in a single lump sum payment at the time
            designated under the Plan if at the time of a permitted Qualifying
            Distribution Event that is either a Separation from Service, death,
            Disability (if applicable) or Change in Control Event (if applicable) the
            vested balance does not exceed $_____ .

In addition, the Employer may distribute a Participant's vested balance
    in all Deferred Compensation Account(s) of the Participant at any time
    if the balance does not exceed the limit in Section 402(g)(1)(B) of the
    Code and results in the termination of the Participant's entire interest in
    the Plan and any other Employer plan subject to aggregation under
    Section 409A of the Code.

XX     (b)     There shall be no pre-determined de minimis amount under the Plan;
            however, the Employer may distribute a Participant's vested balance at
            any time if the balance does not exceed the limit in Section
            402(g)(1)(B) of the Code and results in the termination of the
            Participant's entire interest in the Plan and any other Employer plan
            subject to aggregation under Section 409A of the Code.

10.1     Contractual Liability: Liability for payments under the Plan shall be the responsibility of the:

XX     (a)     Company.

__     (b)     Employer or Participating Employer who employed the Participant
            when amounts were deferred.

14.     Amendment and Termination of Plan: Notwithstanding any provision in this Adoption
    Agreement or the Plan to the contrary, Section ______ of the Plan shall be amended to read as
    provided in attached Exhibit _____________

XX     There are no amendments to the Plan.

17.8     Construction: The provisions of the Plan shall be construed and enforced according to the laws of
    the State of Washington, except to the extent that such laws are superseded by ERISA and the
    applicable provisions of the Code.

EXHIBIT 10.10

IN WITNESS WHEREOF, this Agreement has been executed as of the day and year stated below.

Sound Community Bank

Name of Employer

By: _______________________

Authorized Person

Date: ______________