Continuation Agreement Sample Contracts

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THE CORTLAND SAVINGS AND BANKING COMPANY AMENDED SALARY CONTINUATION AGREEMENT
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 AGREEMENT
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”).

PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT FOR MATTHEW C. DAVIS
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 CAPITALBANK SALARY CONTINUATION AGREEMENT DATED OCTOBER 17, 2002 FOR SONJA HAZEL HUGHES
Continuation Agreement • March 4th, 2008 • Community Capital Corp /Sc/ • National commercial banks

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”).

REPUBLIC BANCORP, INC REPUBLIC BANK & TRUST COMPANY AMENDED AND RESTATED OFFICER COMPENSATION CONTINUATION AGREEMENT
Continuation Agreement • July 14th, 2008 • Republic Bancorp Inc /Ky/ • State commercial banks • Kentucky

This is an Amended and Restated Agreement originally dated as of the 15th day of June, 2001, made by and between Republic Bancorp, Inc., a Kentucky corporation (the “Company”), and Kevin Sipes (the “Executive”), who is presently Chief Financial Officer of Republic Bank & Trust Company (the “Bank”) (the “Agreement”), in consideration of the mutual covenants herein contained and in further consideration of services performed and to be performed by the Executive for the Company and/or its subsidiaries. As of the date of this Agreement, Bank is a wholly-owned subsidiary of the Company. This Agreement, as so amended and restated shall supersede the prior agreements and all amendments thereto, effective as of the date of its adoption. The Bank joins in this Agreement to further accomplish the terms and objectives of this Agreement.

FIRST AMENDMENT TO THE FIRST UNITED SECURITY BANK SALARY CONTINUATION AGREEMENT DATED SEPTEMBER 20, 2002 FOR TERRY PHILLIPS
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”).

THE DELAWARE NATIONAL BANK OF DELHI SALARY CONTINUATION AGREEMENT
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”).

THE MACMANUS GROUP, INC. 1675 Broadway New York, NY 10019
Continuation Agreement • April 30th, 2001 • Bcom3 Group Inc • New York
BANK OF NORTH CAROLINA AMENDED SALARY CONTINUATION AGREEMENT
Continuation Agreement • December 27th, 2007 • BNC Bancorp • National commercial banks • North Carolina

This AMENDED SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this day of , 2007, by and between Bank of North Carolina, a North Carolina-chartered commercial bank (the “Bank”), and David B. Spencer, its Executive Vice President and Chief Financial Officer (the “Executive”).

HOME BANK, N.A. AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT
Continuation Agreement • May 24th, 2019 • Home Bancorp, Inc. • Savings institutions, not federally chartered • Louisiana

THIS AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted effective as of the 20th day of May, 2019, by and between HOME BANK, N.A., a national bank located in Lafayette, Louisiana (the “Bank”), and DARREN GUIDRY (the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT THAT SUPERCEDES AND REPLACES THE EXECUTIVE MURP AGREEMENT DATED August 24, 1999 Including Amendment # 1
Continuation Agreement • January 22nd, 2007 • ESSA Bancorp, Inc. • Savings institutions, not federally chartered • Pennsylvania

THIS AGREEMENT, made and entered into this 15th day of September, 2004, by and between ESSA Bank & Trust, a savings and loan association organized and existing under the laws of the State of Pennsylvania (hereinafter referred to as the “Bank”), and Gary Olson an Executive of the Bank (hereinafter referred to as the “Executive”).

COMMUNITY BANK OF THE CHESAPEAKE SALARY CONTINUATION AGREEMENT (AS AMENDED AND RESTATED)
Continuation Agreement • May 10th, 2018 • Community Financial Corp /Md/ • State commercial banks • Maryland
THE CORTLAND SAVINGS AND BANKING COMPANY SIXTH AMENDED SALARY CONTINUATION AGREEMENT
Continuation Agreement • March 10th, 2014 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This SIXTH AMENDED SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 4th day of March, 2014, by and between The Cortland Savings and Banking Company (the “Bank”), an Ohio-chartered, FDIC-insured member bank, and James M. Gasior, President and Chief Executive Officer of the Bank (the “Executive”).

AMENDED AND RESTATED Director Fee continuation AGREEMENT
Continuation Agreement • April 14th, 2016 • First Colebrook Bancorp, Inc. • State commercial banks • New Hampshire

THIS AGREEMENT, made and entered into this 29th day of December, 2008, by and between First Colebrook Bank, a bank organized and existing under the laws of the State of New Hampshire (hereinafter referred to as the “Bank”), and Malcolm R. Washburn, a director of the Bank (hereinafter referred to as the “Director”).

FIRST AMENDMENT TO THE AMERICAN FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT DATED APRIL 18, 2002 FOR PETER J. JOHNSON
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”).

INTRODUCTION
Continuation Agreement • November 18th, 2004 • Temecula Valley Bancorp Inc • National commercial banks • California
BANK OF THE SIERRA SALARY CONTINUATION AGREEMENT
Continuation Agreement • May 15th, 2003 • Sierra Bancorp • National commercial banks • California

THIS AGREEMENT is adopted this 1st day of October, 2002, by and between BANK OF THE SIERRA, a state-chartered commercial bank located in Porterville, California (the “Company”), and JAMES HOLLY (the “Executive”).

1ST CENTENNIAL BANK AMENDMENT TO EXECUTIVE SALARY CONTINUATION AGREEMENT
Continuation Agreement • April 6th, 2004 • 1st Centennial Bancorp • Finance services

WHEREAS, Clifford Schoonover (the “Executive”) entered into an Executive Salary Continuation Agreement with 1st Centennial Bank (formerly Redlands Centennial Bank) (the “Employer) dated December 17, 2002 (the “Agreement”);

BAY-VANGUARD FEDERAL SAVINGS BANK SALARY CONTINUATION AGREEMENT FOR DAVID M. FLAIR
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”).

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PACIFIC CONTINENTAL CORPORATION/PACIFIC CONTINENTAL BANK CHANGE IN CONTROL SEVERANCE/SALARY CONTINUATION AGREEMENT
Continuation Agreement • April 27th, 2005 • Pacific Continental Corp • National commercial banks • Oregon

THIS SEVERANCE/SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into by and between PACIFIC CONTINENTAL CORPORATION, an Oregon corporation (the “Company”), its wholly owned subsidiary PACIFIC CONTINENTAL BANK, an Oregon state-chartered bank (the “Bank”), and Mitchell Hagstrom the Executive Vice President Bank (“Executive”), effective as of April 15, 2005.

BANK OF COMMERCE HOLDINGS SALARY CONTINUATION AGREEMENT FOR PATRICK J. MOTY
Continuation Agreement • December 19th, 2006 • Bank of Commerce Holdings • State commercial banks • California

This Salary Continuation Agreement (the “Agreement”) is made effective as of April 1, 2006, and is entered into by and between Bank Of Commerce Holdings, a California corporation (the “Bank”), and Patrick J. Moty (the “Executive”), each a “Party” and together the “Parties.”

ENTERPRISE BANK AND TRUST COMPANY FIRST AMENDMENT TO SALARY CONTINUATION AGREEMENT
Continuation Agreement • December 24th, 2008 • Enterprise Bancorp Inc /Ma/ • State commercial banks

THIS FIRST AMENDMENT is adopted this 19th day of December, 2008 by and between ENTERPRISE BANK AND TRUST COMPANY, a state-chartered commercial bank located in Lowell, Massachusetts (the “Bank”), and GEORGE L. DUNCAN (the “Executive”).

FIRST AMENDMENT TO THE CAPITALBANK SALARY CONTINUATION AGREEMENT DATED OCTOBER 7, 2003 FOR PATRICIA P. HOWIE
Continuation Agreement • March 4th, 2008 • Community Capital Corp /Sc/ • National commercial banks

THIS FIRST AMENDMENT is adopted this 3rd day of March, 2008, effective as of January 1, 2008, by and between CapitalBank (formerly The Bank of Abbeville), a state-chartered commercial bank located in Greenwood, South Carolina (the “Company”), and Patricia P. Howie (the “Executive”).

FIRST AMENDMENT TO THE TEMECULA VALLEY BANK, N.A. AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT
Continuation Agreement • April 11th, 2003 • Temecula Valley Bancorp Inc • National commercial banks • California
AMENDED AND RESTATED TEMECULA VALLEY BANK SALARY CONTINUATION AGREEMENT
Continuation Agreement • March 14th, 2007 • Temecula Valley Bancorp Inc • National commercial banks • California

THIS AGREEMENT is adopted this 29th day of December 2006, by and between the TEMECULA VALLEY BANK, located in Temecula, California (the "Company") and SCOTT J. WORD (the "Executive"), amending, restating and replacing the Amended and Restated Temecula Valley Bank, Salary Continuation Agreement dated September 30, 2004, and which was originally entered into on January 1, 2000.

LUTHER BURBANK SAVINGS AMENDED & RESTATED SALARY CONTINUATION AGREEMENT
Continuation Agreement • November 9th, 2017 • Luther Burbank Corp • State commercial banks • California

THIS AMENDED & RESTATED SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 25th day of April, 2006, by and between LUTHER BURBANK SAVINGS, a California corporation located in Santa Rosa, California (the “Bank”) and VICTOR S. TRIONE (the “Executive”) and is effective as of the 1st day of January, 2005.

THE BANK OF ABBEVILLE SALARY CONTINUATION AGREEMENT
Continuation Agreement • March 4th, 2008 • Community Capital Corp /Sc/ • National commercial banks • South Carolina

THIS AGREEMENT is adopted this 7th day of October, 2003, by and between THE BANK OF ABBEVILLE, a state-chartered commercial bank located in Abbeville, South Carolina (the “Company”), and PATRICIA P. HOWIE (the “Executive”).

DEFERRED COMPENSATION/SALARY CONTINUATION AGREEMENT
Continuation Agreement • November 16th, 2005 • Directed Electronics, Inc. • Household audio & video equipment
EXECUTIVE SALARY CONTINUATION AGREEMENT
Continuation Agreement • March 19th, 2014 • New Hampshire Thrift Bancshares Inc • Savings institution, federally chartered • New Hampshire

THIS AGREEMENT, made and entered into this 17th day of March, 2014, by and between Lake Sunapee Bank, FSB, a bank organized and existing under the laws of the United States of America (hereinafter referred to as the “Bank”), and Laura Jacobi, an Executive of the Bank (hereinafter referred to as the “ Executive”), a member of a select group of management and highly compensated employees of the Bank.

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