Executive Salary Continuation Agreement Sample Contracts

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EXECUTIVE SALARY CONTINUATION AGREEMENT FOR ROBERT V. CARD
Executive Salary Continuation Agreement • April 9th, 2007 • Columbia Bancorp \Or\ • State commercial banks • Oregon
FIRST AMENDMENT TO THE PLUMAS BANK EXECUTIVE SALARY CONTINUATION AGREEMENT DATED JUNE 4, 2002 FOR ROBERT T. HERR
Executive Salary Continuation Agreement • September 17th, 2004 • Plumas Bancorp • Short-term business credit institutions
EXECUTIVE SALARY CONTINUATION AGREEMENT THAT SUPERCEDES AND REPLACES THE EXECUTIVE MURP AGREEMENT DATED August 24, 1999 Including Amendment # 1
Executive Salary Continuation Agreement • January 22nd, 2007 • ESSA Bancorp, Inc. • Savings institutions, not federally chartered • Pennsylvania

THIS AGREEMENT, made and entered into this 15th day of September, 2004, by and between ESSA Bank & Trust, a savings and loan association organized and existing under the laws of the State of Pennsylvania (hereinafter referred to as the “Bank”), and Gary Olson an Executive of the Bank (hereinafter referred to as the “Executive”).

Contract
Executive Salary Continuation Agreement • May 5th, 2020

EX-10.2 3 g17197exv10w2.htm EX-10.2 Exhibit 10.2 409A Amendment to the Wilson Bank and Trust Executive Salary Continuation Agreement for Elmer Richerson Wilson Bank and Trust (“Bank”) and (“Executive”) originally entered into the Wilson Bank and Trust Executive Salary Continuation Agreement (“Agreement”) on March 30, 1995, which was subsequently amended and restated on October 7, 2002. Pursuant to Paragraph 17 of the Agreement, the Bank and the Executive hereby adopt this 409A Amendment, effective January 1, 2009. RECITALS This Amendment is intended to bring the Plan into compliance with the requirements of Internal Revenue Code Section 409A. Accordingly, the intent of the parties hereto is that the Plan shall be operated and interpreted consistent with the requirements of Section 409A. Therefore, the following changes shall be made:

409A Amendment to the Centra Bank, Inc. Executive Salary Continuation Agreement for Henry M. Kayes, Jr.
Executive Salary Continuation Agreement • December 31st, 2008 • Centra Financial Holdings 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. Therefore, the following changes shall be made:

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 17th, 2008 • United Security Bancshares • National commercial banks • California

This amended and restated executive salary agreement (“Agreement”) by and between United Security Bank, a California banking corporation (the “Employer”), and Kenneth L. Donahue, an individual residing in the State of California (hereinafter referred to as the “Executive”) amends and restates the executive salary continuation agreement (“Original Agreement”) made and entered into on January 2, 1997, by and between Employer and Executive.

Contract
Executive Salary Continuation Agreement • May 5th, 2020 • Tennessee

EX-10.9 10 g17197exv10w9.htm EX-10.9 Exhibit 10.9 AMENDED AND RESTATED WILSON BANK AND TRUST EXECUTIVE SALARY CONTINUATION AGREEMENT THE AGREEMENT, made and entered into this 7 day of October, 2002, by and between Wilson Bank and Trust, a Tennessee commercial bank (hereinafter called “Bank”), and Lisa Pominski (hereinafter called the “Executive”). W I T N E S S E T H: WHEREAS, the Executive has been and continues to be a valued executive of the Bank and is now serving the Bank; and WHEREAS, it is the consensus of the Board of Directors that the Executive’s services to the Bank in the past have been of exceptional merit and have constituted an invaluable contribution to the general welfare of the Bank and in bringing it to its present status of operating efficiency, and its present position in its field of activity; and WHEREAS, the experience of the Executive, his knowledge of the affairs of the Bank, his reputation and contacts in the industry are so valuable that assurance of his con

AMENDMENT TO THE AMENDED AND RESTATED WILSON BANK AND TRUST EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • November 29th, 2012 • Wilson Bank Holding Co • National commercial banks

WHEREAS, Wilson Bank and Trust (the “Bank”) and James Randall Clemons, (the “Executive”) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the “Agreement”), originally effective as of March 30, 1995; and

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • August 11th, 2005 • Surrey Bancorp • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this 27th day of June, 2005, by and between Surrey Bank & Trust, a bank organized and existing under the laws of the State of North Carolina (hereinafter referred to as the “Bank”), and Edward C. Ashby, III, an Executive of the Bank (hereinafter referred to as the “Executive”).

RECITALS
Executive Salary Continuation Agreement • August 14th, 2002 • Plumas Bancorp • Blank checks • California
EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 6th, 2020 • Central Valley Community Bancorp • State commercial banks • California

This Executive Salary Continuation Agreement (the “Agreement”) is made effective April 1, 2020 (the “Effective Date”), and is entered into by and between Central Valley Community Bank (the “Bank”) and Ken Ramos (the “Executive”), each a “Party” and together the “Parties.”

1ST CENTENNIAL BANK AMENDMENT TO EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • April 6th, 2004 • 1st Centennial Bancorp • Finance services

WHEREAS, Clifford Schoonover (the “Executive”) entered into an Executive Salary Continuation Agreement with 1st Centennial Bank (formerly Redlands Centennial Bank) (the “Employer) dated December 17, 2002 (the “Agreement”);

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • July 9th, 2021 • Lyons Bancorp Inc • National commercial banks

THIS AGREEMENT, made and entered into this 31st day of December, 2007, by and between The Lyons National Bank, a bank organized and existing under the laws of the United States of America (hereinafter referred to as the “Bank”), and Stephen V. DeRaddo, an Executive of the Bank (hereinafter referred to as the “Executive”), a member of a select group of management and highly compensated employees of the Bank.

RECITALS
Executive Salary Continuation Agreement • March 28th, 2003 • Humboldt Bancorp • National commercial banks • California
AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 10th, 2018 • Wellesley Bancorp, Inc. • Savings institutions, not federally chartered • Massachusetts

THIS AGREEMENT, made and entered into this day of March 27, 2018 by and between Wellesley Bank, a bank organized and existing under the laws of the Commonwealth of Massachusetts (hereinafter referred to as the “Bank”), and Thomas J. Fontaine, an Executive of the Bank (hereinafter referred to as the “Executive”), a member of a select group of management and highly compensated employees of the Bank, shall amend and restate in its entirety the Executive Salary Continuation Agreement effective June 1, 2007, amended and restated on October 17, 2007 and thereafter subsequently amended.

Contract
Executive Salary Continuation Agreement • May 5th, 2020 • California

EX-10.1 3 c82748exv10w1.htm EXHIBIT 10.1 Exhibit 10.1 PLUMAS BANK EXECUTIVE SALARY CONTINUATION AGREEMENT This Amended and Restated Executive Salary Continuation Agreement (Agreement) is entered into this 17th day of December, 2008, by and between Plumas Bank, a corporation organized under the laws of the State of California (the “Employer”), and Andrew J. Ryback, an individual residing in the State of California (hereinafter referred to as the “Executive”). RECITALS WHEREAS, the Executive is in the employ of the Employer, and has faithfully served the Employer for many years. It is the consensus of the Board of Directors (Board) and its compensation committee that the Executive’s services have been of exceptional merit and an invaluable contribution to the profits and position of the Employer in its field of activity; and WHEREAS, the Employer and the Executive are parties to that certain Executive Salary Continuation Agreement, dated August 23, 2005, which provides for the payment of

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • April 1st, 2008 • Mountain National Bancshares Inc • National commercial banks • Tennessee

THIS AGREEMENT, made and entered into this 19th day of JANUARY, 2007, by and between Mountain National Bank, a bank organized and existing under the laws of the United States of America (hereinafter referred to as the “Bank”), and Grace D. McKinzie, an Executive of the Bank (hereinafter referred to as the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 30th, 2007 • Centra Financial Holdings Inc • National commercial banks • West Virginia

THIS AGREEMENT, made and entered into this 7th day of September, 2005, by and between Centra Bank, Inc., a bank organized and existing under the laws of the State of West Virginia (hereinafter referred to as the “Bank”), and Kevin D. Lemley an Executive of the Bank (hereinafter referred to as the “Executive”).

AMENDMENT To The Mountain National Bank “Amended and Restated Executive Salary Continuation Agreement”
Executive Salary Continuation Agreement • April 1st, 2008 • Mountain National Bancshares Inc • National commercial banks

THIS AMENDMENT is executed on this 19th day of November, 2007, by Mountain National Bank, the “Service Recipient,” a banking corporation operating in the State of Tennessee, hereinafter referred to as the “Bank,” and the “Service Provider,” hereinafter referred to as the “Executive.”

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • December 29th, 2008 • Peoples Bancorp of North Carolina Inc • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this day of , 2008, by and between Peoples Bank, a Bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as “the Bank”, and Lance A. Sellers, a Key Employee and the Executive of the Bank, hereinafter referred to as “the Executive.”

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EX-99.1 2 dex991.htm EXECUTIVE SALARY CONTINUATION AGREEMENT EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 5th, 2020 • California

This Agreement is made and entered into this 7th day of April, 2006, by and between 1st Centennial Bank, a California state banking corporation (the “Bank”), and Thomas E. Vessey, an individual residing in the State of California (hereinafter referred to as “Executive”).

FIFTH DISTRICT SAVINGS BANK FIFTH AMENDED & RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT FOR BRIAN W. NORTH
Executive Salary Continuation Agreement • March 8th, 2024 • Fifth District Bancorp, Inc. • Louisiana

This Fifth Amended & Restated Executive Salary Continuation Agreement (referred to in this document as either the “Plan” or the “Agreement”) is adopted effective as of February 29, 2024, by and between Fifth District Savings Bank (the “Bank”), a federal savings bank, and Brian W. North (the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT EFFECTIVE JANUARY 1, 2009
Executive Salary Continuation Agreement • March 1st, 2012 • Summit Financial Group Inc • State commercial banks • West Virginia

THIS AGREEMENT, made and entered into as of the 23rd day of February, 2012, by and between Summit Community Bank, Inc. (hereinafter referred to as the “Bank”), and Bradford E. Ritchie, an Executive of the Bank (hereinafter referred to as the “Executive”).

RECITALS --------
Executive Salary Continuation Agreement • August 4th, 2006 • San Joaquin Bancorp • California
AMENDED AND RESTATED executive salary continuation AGREEMENT
Executive Salary Continuation Agreement • April 14th, 2016 • First Colebrook Bancorp, Inc. • State commercial banks • New Hampshire

THIS AGREEMENT, made and entered into this 29th day of December, 2008, by and between First Colebrook Bank, a bank organized and existing under the laws of the State of New Hampshire (hereinafter referred to as the “Bank”), and James E. Tibbetts, an executive of the Bank (hereinafter referred to as the “Executive”).

AMENDMENT NO. 3
Executive Salary Continuation Agreement • March 16th, 2009 • San Joaquin Bancorp • State commercial banks

WHEREAS, San Joaquin Bancorp, formerly San Joaquin Bank, (the “Employer”) and John Ivy (the "Executive") entered into an Amended and Restated Executive Salary Continuation Agreement most recently amended and restated on June 13, 2003 (the "Agreement");

409A Amendment to the Surrey Bank & Trust Executive Salary Continuation Agreement for Edward C. Ashby, III
Executive Salary Continuation Agreement • August 13th, 2008 • Surrey Bancorp • State 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. Therefore, the following changes shall be made:

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • December 29th, 2008 • Peoples Bancorp of North Carolina Inc • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this day of , 2008, by and between Peoples Bank, a Bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as “the Bank”, and Joesph F. Beaman, Jr., a Key Employee and the Executive of the Bank, hereinafter referred to as “the Executive.”

FIRST AMENDMENT TO THE BANK OF UPSON EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • April 3rd, 2009 • Southcrest Financial Group Inc • National commercial banks

This FIRST AMENDMENT is made and entered into on the 11th day of December, 2008, by and between Bank of Upson (the “Bank”), a bank organized and existing under the laws of the State of Georgia, and Douglas Hertha, an executive of the Bank (the “Officer”).

EXECUTIVE SALARY CONTINUATION AGREEMENT THAT SUPERCEDES AND REPLACES THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN EXECUTIVE
Executive Salary Continuation Agreement • April 19th, 2018 • Origin Bancorp, Inc. • State commercial banks • Louisiana

THIS AGREEMENT, made and entered into this 30th day of June, 2004, by and between Community Trust Bank, a bank organized and existing under the laws of the State of Louisiana (hereinafter referred to as the "Bank"), and Drake D. Mills, an Executive of the Bank (hereinafter referred to as the "Executive").

RECITALS
Executive Salary Continuation Agreement • April 4th, 2001 • United Security Bancshares • California
409A Amendment to the Centra Bank, Inc. Executive Salary Continuation Agreement Effective January 1, 2001 for Kevin D. Lemley
Executive Salary Continuation Agreement • December 31st, 2008 • Centra Financial Holdings 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. Therefore, the following changes shall be made:

AMENDMENT NO. 2 TO THE AMENDED AND RESTATED SAN JOAQUIN BANCORP EXECUTIVE SALARY COTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 19th, 2007 • San Joaquin Bancorp • State commercial banks

WHEREAS, San Joaquin Bancorp, formerly San Joaquin Bank, (the “Employer”) and John Ivy (the “Executive”) entered into an Amended and Restated Executive Salary Continuation Agreement, most recently amended and restated on June 13, 2003, (the “Agreement”);

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