409A Amendment to the Temecula Valley Bank Executive Deferred Compensation Agreement for Martin E. PlourdExecutive Deferred Compensation Agreement • May 18th, 2009 • Temecula Valley Bancorp Inc • National commercial banks
This Amendment is intended to bring the Agreement into compliance with the requirements of Internal Revenue Code Section 409A. Accordingly, the intent of the parties hereto is that the Agreement shall be operated and interpreted consistent with the requirements of Section 409A. In addition, the Agreement has been modified to provide for distribution upon only two events (Separation from Service and death before Separation from Service). Therefore, the following changes shall be made:
