PREMIERWEST BANCORP AMENDMENT TO EMPLOYMENT AGREEMENT FOR TOM ANDERSON
Exhibit 10.4.2
AMENDMENT TO EMPLOYMENT AGREEMENT FOR XXX XXXXXXXX
This Amendment dated effective January 5, 2009 (this “Amendment”) amends the Employment
Agreement by and among PremierWest Bancorp, PremierWest Bank, and Xxx Xxxxxxxx dated as of July
29, 2004 (the “Employment Agreement”).
1. Section 2.3 is amended in its entirety to read as follows:
2.3 Termination Upon Retirement. Unless sooner terminated, Executive’s employment shall
terminate upon his Retirement (defined below).
2. Section 6.6 is amended in its entirety to read as follows:
6.6 Retirement. Upon Executive providing 90 days notice of his termination of employment
and Executive being at least 62 years old at the time of termination (“Retirement”).
3. Except as specifically set forth herein, the Employment Agreement as previously executed shall
continue in full force and effect as written. Terms not otherwise defined in this Amendment shall
have the meanings set forth in the Employment Agreement.
IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.
| PREMIERWEST BANCORP | EXECUTIVE |
| By: _______________________________ | |
| Xxxxx Xxxx | Xxx Xxxxxxxx |
| President / Chief Executive Officer | |
| PREMIERWEST BANK | |
| By: _______________________________ | |
| Xxxxx Xxxx | |
| President / Chief Executive Officer | |
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