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EXHIBIT 10.6
AMENDMENT TO THE
SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT
OF
▇▇▇▇▇ ▇. ▇▇▇▇▇
DATED JANUARY 1, 1997
January 26, 2000
As outlined in the Puyallup Valley Bank Board of Directors minutes dated January
26, 2000, the sum of Fifteen Thousand and No/100 Dollars ($15,000.00) a year is
being set aside for a period of five (5) years in a supplemental retirement
benefit agreement for ▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Senior Vice President-Credit
Administrator, beginning in the year 2000.
Therefore, ▇▇▇▇▇ ▇. ▇▇▇▇▇'▇ supplemental retirement benefit agreement of January
1, 1997, Paragraph 3.01 of the Deferred Compensation, shall be amended as
follows:
1997 $35,000.00
1998 $35,000.00
1999 $35,000.00
2000 $20,000.00
2001 $20,000.00
2002 $20,000.00
2003 $20,000.00
2004 $20,000.00
2005 $35,000.00
2006 $35,000.00
In the event that the employee, ▇▇▇ ▇. ▇▇▇▇▇▇▇▇, terminates earlier than the
five (5) years agreement, any balance remaining on the yearly commitment of
$15,000.00 will be re-credited to ▇▇▇▇▇ ▇. ▇▇▇▇▇'▇ agreement of January 1, 1997
as originally stated.
Approved by:
/S/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ /S/ ▇▇▇▇▇▇ ▇▇▇▇
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▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇
/S/ ▇▇▇▇▇ ▇▇▇▇▇▇▇ /S/ ▇▇▇▇▇ ▇▇▇▇▇
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▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇
/S/ DEXTER SILVER /S/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
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Dexter Silver ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
/S/ A. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇
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A. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇▇
