AMENDED AND RESTATED EMPLOYMENT AGREEMENTEmployment Agreement • October 22nd, 2007 • Heritage Commerce Corp • State commercial banks • California
This Amended and Restated Employment Agreement (this “Agreement”) is entered into by and between HERITAGE COMMERCE CORP, a California bank holding company (the “Company”), HERITAGE BANK OF COMMERCE, a California banking corporation (the “Bank”), and RAYMOND PARKER, an individual (the “Executive”) as of October 17, 2007 (the “Effective Date”). This Agreement amends and restates the Employment Agreement dated May 16, 2005 (the “Original Agreement”) by and between the Bank and the Executive to modify the terms of employment, makes changes to comply with Section 409A of the Internal Revenue Code of 1986, as amended, and make other changes.
