0001193125-11-068843 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • March 16th, 2011 • Washington Banking Co • State commercial banks • Washington

THIS AGREEMENT (the “Agreement”) is made and entered into this 31st day of December, 2010 (the “Effective Date”), by and between the WASHINGTON BANKING COMPANY and WHIDBEY ISLAND BANK (together, “the Employer”) with its principal office in Oak Harbor, Washington, and BRYAN McDONALD (the “Executive”).

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WASHINGTON BANKING COMPANY
Washington Banking Company • March 16th, 2011 • Washington Banking Co • State commercial banks

THIS AGREEMENT is entered into by and between Washington Banking Company (the “Company”) and John L. Wagner (“Executive”). The Company and Executive agree as follows:

AMENDMENT TO EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 16th, 2011 • Washington Banking Co • State commercial banks

WASHINGTON BANKING COMPANY dba WHIDBEY ISLAND BANK (“Employer”) and (“Executive”) hereby amend the Executive Employment Agreement between Employer and Executive dated (“Agreement”) effective immediately:

WHIDBEY ISLAND BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 16th, 2011 • Washington Banking Co • State commercial banks • Washington

THIS AGREEMENT is made by and between Whidbey Island Bank, a Washington state bank (the “Bank”), or any other successor, transferee, or assignees, and John L. Wagner (the “Executive”).

WASHINGTON BANKING COMPANY SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 16th, 2011 • Washington Banking Co • State commercial banks • Washington

THIS AGREEMENT is made by and between Washington Banking Company, a Washington corporation the (“Holding Company”) and registered bank holding company with respect to Whidbey Island Bank, a Washington state bank (the “Bank”), or any other successor, transferee, or assignees, and John L. Wagner (the “Executive”).

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