EMPLOYMENT AGREEMENTEmployment Agreement • November 15th, 2013 • Umpqua Holdings Corp • Savings institution, federally chartered • Oregon
This Employment Agreement (this “Agreement”) is entered into by and between Umpqua Holdings Corporation (“Umpqua”) and J. Gregory Seibly (“Officer”), as of September 11, 2013 and shall become effective upon the closing date (the “Effective Date”) of the merger (the “Merger”) contemplated by the agreement and plan of merger by and between Sterling Financial Corporation (“Sterling”) and Umpqua, dated as of September 11, 2013 (the “Merger Agreement”). In the event that the Merger does not close, this Agreement shall be null and void ab initio.
