ADDENDUM
TO EMPLOYMENT AGREEMENT
THIS ADDENDUM is to that certain Employment Agreement dated July 27,
1989, by and between NORTH VALLEY BANK ("Employer") and XXXX XXXXX ("Employee").
THE PARTIES MUTUALLY AGREE to modify said Agreement in the following
manner:
1. Paragraph 2 is amended to read as follows:
DUTIES. Employee shall perform the duties established by the Bank for the
position of Executive Vice President and Chief Operating Officer, and such
kindred duties as may, from time to time, be reasonably requested of him by the
President and/or Board of Directors.
2. Paragraph 4 is amended to read as follows:
SALARY. As compensation for the services rendered by him under this Agreement,
the Employee shall be entitled to an annual salary of $101,280.00.
3. Paragraph 7 is amended to read as follows:
VACATION. The Employee shall be entitled to six (6) weeks' vacation annually
pursuant to the vacation policies established by the Employer.
4. Paragraph 8A is added as follows:
INSURANCE. Employer hereby agrees, at its sole cost and expense, to provide
Employee with, at all times during the term of this Agreement, health and term
life insurance of a type and in an amount generally made available by Employer
to its executive employees.
IN ALL OTHER RESPECTS, the terms and conditions of said Agreement shall
continue in full force and effect.
DATED: July 1,1997
EMPLOYER EMPLOYEE
NORTH VALLEY BANK
By /s/ Xxxxx X. Xxxxx /s/ Xxxx X. Xxxxx
------------------------------- -------------------------
Xxxxx X. Xxxxx, President Xxxx X. Xxxxx
EXHIBIT 10(u)
ADDENDUM
TO EMPLOYMENT AGREEMENT
THIS ADDENDUM is to that certain Employment Agreement dated July 27,
1989, by and between NORTH VALLEY BANK ("Employer") and XXXX XXXXX ("Employee").
THE PARTIES MUTUALLY AGREE to modify said Agreement in the following
manner:
1. Paragraph 4 is amended to read as follows:
Salary. As compensation for the services rendered by him under this Agreement,
the Employee shall be entitled to an annual salary of $104,340 per year.
IN ALL OTHER RESPECTS, the terms and conditions of said Agreement shall
continue in full force and effect.
DATED: January 5, 1998.
EMPLOYER: EMPLOYEE:
NORTH VALLEY BANK
By /s/ Xxxxx X. Xxxxx, President /s/ Xxxx X. Xxxxx
-------------------------------- --------------------------
Xxxxx X. Xxxxx, President Xxxx X. Xxxxx
