FIRST AMENDMENT TO EXECUTIVE SUPPLEMENTAL COMPENSATION AGREEMENTExecutive Supplemental Compensation Agreement • October 11th, 2007 • Bank Holdings • State commercial banks
This first amendment (“Amendment”) to the Executive Supplemental Compensation Agreement (“Agreement”) dated September 15, 2005 is made and entered into this 16th day of August, 2007, by and between Nevada Security Bank, a Nevada state banking corporation (the “Employer”), and David Funk, an individual residing in the State of Nevada (hereinafter referred to as the “Executive”).
SPLIT DOLLAR AGREEMENTSplit Dollar Agreement • October 11th, 2007 • Bank Holdings • State commercial banks • Nevada
The Bank and Insured as of the Effective Date aforementioned hereby enters into this Second Amended and Restated Nevada Security Bank Split Dollar Agreement (hereinafter “Agreement”) which amends, supersedes and replaces in the entirety the prior “First Amended and Restated Nevada Security Bank Split Dollar Agreement,” entered into by and between these same parties dated January 24, 2006. The respective rights and duties of Nevada Security Bank (hereinafter the “Bank”) and the Insured/Executive in the above-referenced policies (referred to as “Policy”) shall be pursuant to the terms set forth below:
SPLIT DOLLAR AGREEMENTNevada Security Bank • October 11th, 2007 • Bank Holdings • State commercial banks • Nevada
The Bank and Insured as of the Effective Date aforementioned hereby enters into this Second Amended and Restated Nevada Security Bank Split Dollar Agreement (hereinafter “Agreement”) which amends, supersedes and replaces in the entirety the prior “First Amended and Restated Nevada Security Bank Split Dollar Agreement,” entered into by and between these same parties dated January 24, 2006. The respective rights and duties of Nevada Security Bank (hereinafter the “Bank”) and the Insured/Executive in the above-referenced policies (referred to as “Policy”) shall be pursuant to the terms set forth below:
