Salary Continuation Agreement Sample Contracts
ARTICLE 1 DEFINITIONSSalary Continuation Agreement • April 3rd, 2009 • Southcoast Financial Corp • State commercial banks • South Carolina
Standard Contracts
SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • July 11th, 2024 • Orrstown Financial Services Inc • State commercial banks
This Salary Continuation Agreement (the “Agreement”), by and between Orrstown Bank (the “Employer”) and Craig Kauffman (the “Executive”), made effective as of July 8, 2024, formalizes the agreements and understanding between the Employer and the Executive.
EX-10.61 3 dex1061.htm FIRST AMENDMENT TO SALARY CONTINUATION AGREEMENT (SONJA HAZEL HUGHES) FIRST AMENDMENT TO THE CAPITALBANK SALARY CONTINUATION AGREEMENT DATED OCTOBER 17, 2002 FOR SONJA HAZEL HUGHESSalary Continuation Agreement • May 5th, 2020
THIS FIRST AMENDMENT is adopted this 3rd day of March, 2008, effective as of January 1, 2008, by and between CapitalBank, a state-chartered bank located in Greenwood, South Carolina (the “Company”), and Sonja Hazel Hughes (the “Executive”).
THE CORTLAND SAVINGS AND BANKING COMPANY FIFTH AMENDED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • March 29th, 2012 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio
This FIFTH AMENDED SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 27th day of March, 2012, by and between The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered, FDIC-insured member bank, and Timothy Carney, Executive Vice President and Chief Operating Officer of the Bank (the “Executive”).
AMENDED AND RESTATED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • March 10th, 2015 • Bank of Commerce Holdings • State commercial banks • California
This SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of January 1, 2009 and amended on November 19, 2013, by and between REDDING BANK OF COMMERCE, a state-chartered commercial bank located in Redding, California (the “Bank”), and RANDALL S. ESLICK (the “Executive”).
PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT FOR STEVEN E. CROUSESalary Continuation Agreement • January 5th, 2017 • Paragon Commercial CORP • State commercial banks • North Carolina
This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 29th day of December, 2016, by and between Paragon Commercial Bank, a North Carolina-chartered bank (the “Bank”), and Steven E. Crouse, an executive of the Bank (the “Executive”).
THE CORTLAND SAVINGS AND BANKING COMPANY AMENDED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • December 28th, 2018 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio
This AMENDED SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of , 2018, by and between The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered, FDIC-insured member bank, and Stanley P. Feret, Senior Vice President and Chief Lending Officer of the Bank (the “Executive”).
HACIENDA OAKS BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • March 23rd, 2004 • Heritage Oaks Bancorp • State commercial banks • California
THIS AGREEMENT is adopted this 1st day of November 2003, by and between HACIENDA BANK, a state-chartered commercial bank located in Santa Maria, California (the “Bank”), and DAVID DUARTE (the “Executive”).
HOME BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • May 25th, 2022 • Home Bancorp, Inc. • Savings institutions, not federally chartered • Louisiana
THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted effective as of the 23rd day of May 2022, by and between HOME BANK, a national bank, located in Lafayette, Louisiana (the “Bank”), and DAVID T. KIRKLEY (the “Executive”).
AMENDED AND RESTATED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • June 25th, 2015 • J. Alexander's Holdings, Inc. • Retail-eating places • Tennessee
This Amended and Restated Salary Continuation Agreement (“Agreement”), which supersedes and cancels any previously dated Salary Continuation Agreements, is made and entered into as of this 26th day of December, 2008, by and between J. Alexander’s Corporation, a Tennessee corporation with its principal office in Nashville, Tennessee (the “Corporation”), and Lonnie J. Stout II, a resident of Brentwood, Tennessee (“Employee”).
THE DELAWARE NATIONAL BANK OF DELHI SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • April 10th, 2019 • Delhi Bank Corp • National commercial banks • New York
THIS AMENDED AND RESTATED AGREEMENT (“AGREEMENT”) is entered into effective as of the 1st day of January 2018 (the “EFFECTIVE DATE”), by and between THE DELAWARE NATIONAL BANK OF DELHI, a national bank located in Delhi, New York (the “BANK”) and a wholly-owned subsidiary of Delhi Bank Corp., a New York corporation (the “COMPANY”) and GRETCHEN E. ROSSLEY (the “EXECUTIVE”).
First Reliance Bank Amended Salary Continuation AgreementSalary Continuation Agreement • August 2nd, 2013 • First Reliance Bancshares Inc • National commercial banks • South Carolina
This Amended Salary Continuation Agreement (this “Agreement”) is entered into as of July 25, 2013, by and between First Reliance Bank, a South Carolina-chartered bank (the “Bank”), and F.R. Saunders Jr., its President and Chief Executive Officer (the “Executive”).
Amended and Restated Salary Continuation AgreementSalary Continuation Agreement • April 20th, 2007 • Capital Corp of the West • State commercial banks • California
This Amended and Restated Salary Continuation Agreement (this “Agreement”) is entered into as of this 29th day of December, 2006, by and between Capital Corp of the West, a California bank holding company (the “Company”), and Thomas T. Hawker, (the “Executive”). This Agreement amends and restates the amended salary continuation agreement (“Original Agreement”) dated September 9, 2003 (and the other agreements, if any, referenced in the Original Agreement) and entered into by and between Company and the Executive to make changes to comply with section 409A of the Internal Revenue Code of 1986, as amended (“Code”), and make other changes.
BANK OF MARIN SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • November 6th, 2020 • Bank of Marin Bancorp • State commercial banks • California
This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this 1st day of January, 2016, by and between Bank of Marin, a state-chartered commercial bank located in Novato, California (the “Bank”), and Timothy Myers (the “Executive”).
PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT FOR MATTHEW C. DAVISSalary Continuation Agreement • January 5th, 2017 • Paragon Commercial CORP • State commercial banks • North Carolina
This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 29th day of December, 2016, by and between Paragon Commercial Bank, a North Carolina-chartered bank (the “Bank”), and Matthew C. Davis, an executive of the Bank (the “Executive”).
FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT DATED SEPTEMBER 20, 2002 FOR TERRY PHILLIPSSalary Continuation Agreement • March 16th, 2009 • United Security Bancshares Inc • 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”).
CONSUMERS NATIONAL BANK 2020 AMENDED AND RESTATED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • December 29th, 2020 • Consumers Bancorp Inc /Oh/ • National commercial banks • Ohio
This Consumers National Bank 2020 Amended and Restated Salary Continuation Agreement (this “Agreement”) is made this 29th day of December, 2020, by and between CONSUMERS NATIONAL BANK, a nationally chartered commercial bank located in Minerva, Ohio (the “Company”), and ___________ (the “Executive”).
Tidelands Bank Salary Continuation AgreementSalary Continuation Agreement • May 7th, 2008 • Tidelands Bancshares Inc • National commercial banks • South Carolina
This Salary Continuation Agreement (this “Agreement”) is entered into as of this 1st day of May, 2008, by and between Tidelands Bank, a South Carolina-chartered bank (the “Bank”), and Robert E. Coffee Jr., its President and Chief Executive Officer (the “Executive”). Whereas, the Executive has contributed substantially to the Bank’s success and the Bank desires that the Executive continue in its employ, Whereas, to encourage the Executive to remain an employee, the Bank is willing to provide to the Executive salary continuation benefits payable from the Bank’s general assets, Whereas, none of the conditions or events included in the definition of the term “golden parachute payment” that is set forth in section 18(k)(4)(A)(ii) of the Federal Deposit Insurance Act [12 U.S.C. 1828(k)(4)(A)(ii)] and in Federal Deposit Insurance Corporation Rule 359.1(f)(1)(ii) [12 CFR 359.1(f)(1)(ii)] exists or, to the best knowledge of the Bank, is contemplated insofar as the Bank is concerned, an
CHINO COMMERCIAL BANK, N.A. SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • April 14th, 2017 • Chino Commercial Bancorp • National commercial banks • California
This Salary Continuation Agreement (the “Agreement”) is entered into effective the 1st day of June, 2004, by and between Chino Commercial Bank, N.A., a national banking association (the “Bank”), and Dann H. Bowman (the “Participant”), pursuant to the Salary Continuation Plan of the Bank (the “Plan”), a copy of which is attached hereto and incorporated herein by this reference. All capitalized terms not herein defined shall have the same meaning ascribed to them as in the Plan.
SECOND AMENDMENT TO THE SERVICE 1ST BANK SALARY CONTINUATION AGREEMENT DATED SEPTEMBER 10, 2003 FOR BRYAN R. HYZDUSalary Continuation Agreement • March 30th, 2006 • Service 1st Bancorp • State commercial banks
Amended and Restated Salary Continuation Agreement entered into by Home Federal Bank with R. Shane Correa HOME FEDERAL BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • December 14th, 2010 • Home Federal Bancorp, Inc. • Savings institution, federally chartered • Idaho
THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 20th day of July, 2010, by and between HOME FEDERAL BANK, a federally-chartered savings bank located in Nampa, Idaho (the “Bank”), and R. SHANE CORREA (the “Executive”).
Capital Corp of the West Salary Continuation AgreementSalary Continuation Agreement • July 11th, 2006 • Capital Corp of the West • State commercial banks • California
This Salary Continuation Agreement (this “Agreement”) is entered into as of this19th day of June, 2006, by and between Capital Corp of the West (the “Bank”) with its Main Office in Merced, California, and David A. Heaberlin de la Peña, Executive Vice President and Chief Financial Officer/Treasurer of the Bank (the “Executive”).
Crescent State Bank Amended Salary Continuation AgreementSalary Continuation Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 24 day of October, 2007, by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Thomas E. Holder Jr., its Senior Credit Officer (the “Executive”).
BAY-VANGUARD FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT FOR DAVID M. FLAIRSalary Continuation Agreement • March 13th, 2023 • BV Financial, Inc. • Savings institution, federally chartered
THIS SALARY CONTINUATION PLAN FOR DAVID M. FLAIR (the “Plan”) is effective as of [date], and is entered into by Bay-Vanguard Federal Savings Bank (the “Bank”) and David M. Flair (“Executive”).
HERITAGE OAKS BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • August 4th, 2003 • Heritage Oaks Bancorp • State commercial banks • California
THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this day of , 200 , by and between HERITAGE OAKS BANK, a state-chartered commercial bank located in Paso Robles, California (the “Company”), and PAUL DELINE (the “Executive”).
ContractSalary Continuation Agreement • September 5th, 2017 • Norwood Financial Corp • State commercial banks • Pennsylvania
SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • March 14th, 2008 • Gateway Financial Holdings Inc • National commercial banks • North Carolina
THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this first day of October 1, 2006, by and between GATEWAY BANK & TRUST CO., a North Carolina banking corporation (hereinafter referred to as the “Bank” or “Employer”), and D. BEN BERRY, an individual resident of Virginia (hereinafter referred to as the “Executive”).
NEWMIL BANK SECOND AMENDED AND RESTATED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • December 23rd, 2005 • Newmil Bancorp Inc • Savings institutions, not federally chartered • Connecticut
This Second Amended and Restated Salary Continuation Agreement (this “Agreement”) is entered into as of this 20th day of December, 2005, by and between NewMil Bank, a Connecticut-chartered savings bank (the “Bank”), and Francis J. Wiatr, President and Chief Executive Officer of NewMil Bancorp, Inc. and the Bank (the “Executive”).
BANK OF MARIN SALARY CONTINUATION AGREEMENT BY AND BETWEEN BANK OF MARIN AND CHRISTINA COOK, DATED JANUARY 1, 2011Salary Continuation Agreement • January 6th, 2011 • Bank of Marin Bancorp • State commercial banks • California
This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this 1st day of January, 2011, by and between Bank of Marin, a state-chartered commercial bank located in Novato, California (the “Bank”), and Christina Cook (the “Executive”).
COMMUNITY BANK OF THE CHESAPEAKE SALARY CONTINUATION AGREEMENT (AS AMENDED AND RESTATED)Salary Continuation Agreement • May 10th, 2018 • Community Financial Corp /Md/ • State commercial banks • Maryland
FIRST AMENDMENT TO THE TEMECULA VALLEY BANK, N.A. AMENDED AND RESTATED SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • April 11th, 2003 • Temecula Valley Bancorp Inc • National commercial banks • California
ACNB BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • October 7th, 2022 • Acnb Corp • State commercial banks • Pennsylvania
THIS AGREEMENT is made this _31st_ day of _January_, 2022 by and between ACNB BANK, located in Gettysburg, Pennsylvania, and JASON H. WEBER (“Executive”).
SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • October 21st, 2005 • First Security Bancorp Inc /Ky/ • State commercial banks • Kentucky
THIS SALARY CONTINUATION AGREEMENT (“Agreement”) is made and entered into on the 19th day of October, 2005, to be effective as of October 19, 2005, by and between FIRST SECURITY BANK OF LEXINGTON, INC., a Kentucky corporation, with its principal office and place of business located at 318 East Main Street, Lexington, Kentucky 40507 (the “Bank”), and DAVID A. DONALDSON, an individual residing at 312 Boone Way, Richmond, Kentucky 40475 (the “Employee”).
FIRST AMENDMENT TO THE AMERICAN FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT DATED APRIL 18, 2002 FOR PETER J. JOHNSONSalary Continuation Agreement • February 1st, 2010 • Eagle Bancorp Montana, Inc. • Savings institution, federally chartered
THIS FIRST AMENDMENT is adopted this 31st day of December, 2006, effective as of January 1, 2005, by American Federal Savings Bank located in Helena, Montana (the “Company”).
CAPITALBANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • November 13th, 2002 • Community Capital Corp /Sc/ • National commercial banks • South Carolina
THIS AGREEMENT is adopted this 17th day of October, 2002, by and between CAPITALBANK, a state-chartered commercial bank located in Greenwood, South Carolina (the “Company”), and JAMES A. LOLLIS (the “Executive”).
