INTEROFFICE
North Valley Bank MEMO
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March 28, 1996
SUBJECT: EMPLOYMENT AGREEMENT
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FROM: XXXXXX X. XXXXXX, PRESIDENT & C.E.O.
TO: XXXX X. XXXXX, SENIOR VICE PRESIDENT & CASHIER
Dear Xxxx:
Please be advised that, pursuant to the Employment Agreement dated July 27,
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
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Xxxxxx X. Xxxxxx, President & C.E.O.
DVC:hg
Exhibit 10(x)
A D D E N D U M
TO EMPLOYMENT AGREEMENT
THIS ADDENDUM is to that certain Employment Agreement dated July 27, 1989,
by and between NORTH VALLEY BANK ("Employer") and XXXX XXXXX ("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 $88,296 per year.
IN ALL OTHER RESPECTS, the terms and conditions of said Agreement shall
continue in full force and effect.
DATED: January 2, 1997.
EMPLOYER: EMPLOYEE:
By /s/ Xxxxxx X. Xxxxxx /s/ Xxxx X. Xxxxx
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Xxxxxx X. Xxxxxx, President Xxxx X. Xxxxx
