Common Contracts
1 similar Director Retirement Agreement contracts
ContractDirector Retirement Agreement • May 5th, 2020 • California
<DOCUMENT> <TYPE>EX-10.24 <SEQUENCE>26 <FILENAME>a83499exv10w24.txt <DESCRIPTION>EXHIBIT 10.24 <TEXT> <PAGE> EXHIBIT 10.24 PLUMAS BANK AMENDED AND RESTATED DIRECTOR RETIREMENT AGREEMENT THIS AGREEMENT is made this 10th day of May, 2000, by and between PLUMAS BANK, a California banking corporation located in Quincy, California (the "Company"), and GERALD FLETCHER (the "Director"), amending and restating the Director Retirement Agreement dated May 6, 1998 and effective as of March 1, 1998. INTRODUCTION To encourage the Director to remain a member of the Company's Board of Directors, the Company is willing to provide retirement benefits to the Director. The Company will pay the retirement benefits from its general assets according to the terms of this Agreement. AGREEMENT The Director and the Company agree as follows: ARTICLE 1 DEFINITIONS 1.1 Definitions. Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 1 <PAGE> 1.1.1 "Change of Control"
