0001193125-09-054074 Sample Contracts

FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK DIRECTOR RETIREMENT AGREEMENT DATED OCTOBER 17, 2002 FOR

Director Retirement Agreement • March 16th, 2009 • United Security Bancshares Inc • State commercial banks

• Contract Type
  Director Retirement Agreement
• Filed
  March 16th, 2009
• Company
  United Security Bancshares Inc
• Industry
  State commercial banks

THIS FIRST AMENDMENT is adopted this 20th day of November, 2008, effective as of January 1, 2005, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Director”).

FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT DATED SEPTEMBER 20, 2002 FOR TERRY PHILLIPS

Salary Continuation Agreement • March 16th, 2009 • United Security Bancshares Inc • State commercial banks

• Contract Type
  Salary Continuation Agreement
• Filed
  March 16th, 2009
• Company
  United Security Bancshares Inc
• Industry
  State commercial banks

THIS FIRST AMENDMENT is adopted this 20th day of November, 2008, effective as of January 1, 2005, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and TERRY PHILLIPS (the “Executive”).