0001193125-07-003029 Sample Contracts

BANK OF THE SIERRA SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • January 8th, 2007 • Sierra Bancorp • State commercial banks • California

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 1st day of January, 2007, by and between BANK OF THE SIERRA, a state-chartered commercial bank located in Porterville, California (the “Company”) and KEVIN McPHAILL (the “Executive”).

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SAMPLE AGREEMENT ENTERED INTO WITH WITH EACH NON-EMPLOYEE DIRECTOR EFFECTIVE JANUARY 1, 2007 BANK OF THE SIERRA DIRECTOR RETIREMENT AGREEMENT
Director Retirement Agreement • January 8th, 2007 • Sierra Bancorp • State commercial banks • California

THIS DIRECTOR RETIREMENT AGREEMENT (the “Agreement”) is adopted this day of , 2 , by and between the BANK OF THE SIERRA, a state-chartered commercial corporation located in Porterville, California (the “Company”), and (the “Director”).

FIRST AMENDMENT TO THE BANK OF THE SIERRA SALARY CONTINUATION AGREEMENT DATED OCTOBER 1, 2002 FOR KENNETH TAYLOR
Salary Continuation Agreement • January 8th, 2007 • Sierra Bancorp • State commercial banks • California

THIS FIRST AMENDMENT is adopted this day of , 2006, effective as of January 1, 2007, by and between Bank of the Sierra, a state-chartered commercial bank located in Porterville, California (the “Company”), and Kenneth Taylor (the “Executive”).

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