Common use of Purpose and Effective Date Clause in Contracts

Purpose and Effective Date. The purpose of this Supplemental Executive Retirement Plan (the "Plan") is to provide supplemental retirement benefits for certain key employees of Venture Financial Group, Inc., Venture Bank and subsidiaries or affiliates thereof (the "Employer") who are employed by the Employer on or after January 1, 2005. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. This Plan shall be effective as of January 1, 2005.

Purpose and Effective Date. The purpose of this Supplemental Executive Retirement Plan (the "“Plan"”) is to provide supplemental retirement benefits for certain key employees of Venture Financial GroupHeritage Commerce Corp, Inc., Venture Heritage Bank of Commerce and subsidiaries or affiliates thereof (the "“Employer"”) who are employed by the Employer on on, or after January 1, 2005. It is intended that the Plan will aid in retaining and attracting individuals of exceptional ability by providing them with these benefits. This Plan shall be effective as of January 1, 2005.