EXHIBIT 10.30.1
FIRST AMENDMENT
TO EXECUTIVE SUPPLEMENTAL COMPENSATION
AGREEMENT BY AND BETWEEN SOUTHWEST
COMMUNITY BANK AND XXXX X. XXXX
This First Amendment To Executive Supplemental Compensation Agreement By and
Between Southwest Community Bank and Xxxx X. Xxxx (hereinafter "Amendment") is
made and entered into effective this April 28, 2005, by and between Southwest
Community Bank, with its principal offices located in the City of Carlsbad,
California (hereinafter "the Bank"), and Xxxx X. Xxxx, an individual residing in
the state of California, (hereinafter "the Executive").
Because of an inconsistency with respect to vesting percentages as they appear
in "Schedule A" to the Executive Supplemental Compensation Agreement, and
reference to acceleration of vesting following a Termination Without Cause, the
parties hereby agree to Amend the Executive Supplemental Compensation Agreement,
effective as of January 20, 2005, by and between the Bank and the Executive, as
follows:
To delete reference to the "(20%)" figure as it appears on page 1 of the
Agreement, under the heading "1.2 Applicable Percentage", at line 6 of
that paragraph.
It is the intent of the Parties that the deletion of this "20%" figure shall
eliminate any inconsistency or conflict between the intended vesting schedule
appearing in Exhibit A to the underlying Agreement and any provisions thereto
(including but not limited to Paragraph 1.2).
To the extent that any paragraph, term, or provision of the Executive
Supplemental Compensation Agreement is not specifically amended herein, or in
any other amendment thereto, said paragraph, term, or provision shall remain in
full force and effect as set forth in said Agreement.
IN WITNESS WHEREOF, the Employee and a duly authorized Bank officer have signed
this Agreement as of the written date.
Southwest Community Bank
By: Date:
/s/ Xxxxx X. Xxxxxxxxxxx 4/28/05
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Title Chief Executive Officer
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/s/ Xxxx X. Xxxx Date: 4/28/05
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Xxxx X. Xxxx
/s/ Xxxx X. Xxxx /s/ Xxxxxxx X. Xxxxxxxxxx
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Witness Witness
