SECOND AMENDMENT OF EMPLOYMENT AGREEMENTEmployment Agreement • July 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered
This SECOND AMENDMENT OF EMPLOYMENT AGREEMENT (this “Amendment”) is entered into as of July 23, 2014 by and between Intermountain Community Bancorp, an Idaho corporation (the “Company”), Panhandle State Bank, an Idaho-chartered bank and wholly-owned subsidiary of Intermountain Community Bancorp, and Curt Hecker, an executive of Intermountain Community Bancorp and Panhandle State Bank (the “Executive”). Intermountain Community Bancorp and Panhandle State Bank are sometimes referred to in this Agreement individually or together as the “Employer.” This Amendment is being entered into in connection with an Agreement and Plan of Merger between Intermountain Community Bancorp and Columbia Banking System, Inc., a Washington corporation (“Parent”), dated as of the date hereof, (the “Merger Agreement”). If the Merger Agreement terminates for any reason before the merger is consummated, this Amendment will become void and have no effect.
SECOND AMENDMENT OF SEVERANCE AGREEMENTSeverance Agreement • July 28th, 2014 • Intermountain Community Bancorp • Savings institution, federally chartered
This SECOND AMENDMENT OF SEVERANCE AGREEMENT (this “Amendment”) is entered into as of July 23, 2014 by and between Intermountain Community Bancorp, an Idaho corporation (the “Company”), Panhandle State Bank, an Idaho-chartered bank and wholly-owned subsidiary of Intermountain Community Bancorp, and Pamela Rasmussen, an executive of Intermountain Community Bancorp and Panhandle State Bank (the “Executive”). Intermountain Community Bancorp and Panhandle State Bank are sometimes referred to in this Agreement individually or together as the “Employer.” This Amendment is being entered into in connection with an Agreement and Plan of Merger between Intermountain Community Bancorp and Columbia Banking System, Inc., a Washington corporation (“Parent”), dated as of the date hereof, (the “Merger Agreement”). If the Merger Agreement terminates for any reason before the merger is consummated, this Amendment will become void and have no effect.
