February 3, 2006 Ms. Susan L Gates 2403 60th Ave SE Mercer Island, WA 98040 Re: Separation Agreement Dear Susan:Evergreenbancorp Inc • February 8th, 2006 • Savings institution, federally chartered • Washington
After several discussions concerning your outside family responsibilities, EvergreenBank offers you the separation benefits described in this Separation Agreement (“Agreement”), which is entered into between Susan L Gates and EvergreenBank (the “Company”). For reference purposes, this Agreement is dated February 3, 2006, which is the date the Company presented it to you for consideration. This Agreement describes the terms and conditions of your separation of employment with the Company.
CHANGE OF CONTROL/SEVERANCE AGREEMENTSeverance Agreement • February 8th, 2006 • Evergreenbancorp Inc • Savings institution, federally chartered • Washington
THIS CHANGE OF CONTROL/SEVERANCE AGREEMENT (the “Agreement”) is entered into by and between EvergreenBank (the “Bank”), a Washington state-chartered bank, and (the “Executive”), effective as of February 2, 2006 (the “Commencement Date”).
