Executive Salary Continuation Agreement Sample Contracts

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Wilson Bank Holding Co – Second Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (September 30th, 2016)

WHEREAS, Wilson Bank and Trust (the Bank) and Lisa Pominski, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 21, 2001; and

Wilson Bank Holding Co – Second Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (September 30th, 2016)

WHEREAS, Wilson Bank and Trust (the Bank) and H. Elmer Richerson, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 30, 1995; and

Wilson Bank Holding Co – Second Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (September 30th, 2016)

WHEREAS, Wilson Bank and Trust (the Bank) and James Randall Clemons, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 30, 1995; and

Wilson Bank Holding Co – Second Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (September 30th, 2016)

WHEREAS, Wilson Bank and Trust (the Bank) and Gary D. Whitaker, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 1, 1998; and

Wilson Bank Holding Co – Second Amendment to the Wilson Bank and Trust Executive Salary Continuation Agreement (September 30th, 2016)

WHEREAS, Wilson Bank and Trust (the Bank) and John C. McDearman, (the Executive) previously entered into the Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of January 1, 2006; and

Central Valley Cmnty Bancorp – Executive Salary Continuation Agreement (May 13th, 2014)

This Executive Salary Continuation Agreement (the "Agreement") is made effective April 4, 2014 (the "Effective Date"), and is entered into by and between Central Valley Community Bank (the "Bank") and James Ford (the "Executive"), each a "Party" and together the "Parties."

New Hampshire Thrift Bancshares, Inc. – Executive Salary Continuation Agreement (March 19th, 2014)

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.

Omnicom Group Inc. Executive Salary Continuation Agreement Participation Notice (February 19th, 2013)

Capitalized terms used in this Participation Notice (the "Participation Notice") have the meanings assigned to them herein or, if not defined herein, then such terms have the meanings assigned to them in the Executive Salary Continuation Agreement attached as Exhibit A hereto (the "ESC Agreement", and together with this Participation Notice, the "Agreement").

Wilson Bank Holding Co – Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (November 29th, 2012)

WHEREAS, Wilson Bank and Trust (the Bank) and James Randall Clemons, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 30, 1995; and

Wilson Bank Holding Co – Amendment to the Wilson Bank and Trust Executive Salary Continuation Agreement (November 29th, 2012)

WHEREAS, Wilson Bank and Trust (the Bank) and John C. McDearman III, (the Executive) previously entered into the Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of January 1, 2006; and

Wilson Bank Holding Co – Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (November 29th, 2012)

WHEREAS, Wilson Bank and Trust (the Bank) and H. Elmer Richerson, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 30, 1995; and

Wilson Bank Holding Co – Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (November 29th, 2012)

WHEREAS, Wilson Bank and Trust (the Bank) and Gary D. Whitaker, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 1, 1998; and

Wilson Bank Holding Co – Amendment to the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (November 29th, 2012)

WHEREAS, Wilson Bank and Trust (the Bank) and Lisa Pominski, (the Executive) previously entered into the Amended and Restated Wilson Bank and Trust Executive Salary Continuation Agreement (the Agreement), originally effective as of March 21, 2001; and

Contract (March 29th, 2012)
New Hampshire Thrift Bancshares, Inc. – Executive Salary Continuation Agreement (January 9th, 2012)

THIS AGREEMENT, made and entered into this 4th day of January 2012, 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 Stephen W. Ensign, 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.

Central Valley Cmnty Bancorp – Second Amended and Restated Executive Salary Continuation Agreement (November 14th, 2011)

This Second Amended and Restated Executive Salary Continuation Agreement (the Agreement) is made effective July 1, 2011 (the Effective Date), and is entered into by and between Central Valley Community Bank (the Bank) and Daniel J. Doyle (the Executive), each a Party and together the Parties. This Agreement amends and restates in its entirety that certain Amended And Restated Executive Salary Continuation Agreement by and between the Bank and Executive that became effective on December 31, 2006, which was subsequently amended by the Parties on March 1, 2008 (as amended, the Prior Agreement).

Wellesley Bancorp Inc. – Amended and Restated Executive Salary Continuation Agreement (September 9th, 2011)

THIS AGREEMENT, made and entered into this 17th day of October, 2007, by and between Wellesley Bank, a bank organized and existing under the laws of the Commonwealth of Massachusetts (hereinafter referred to as the Bank), and Thomas J. Fontaine, 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 shall amend and restate the Executive Salary Continuation Agreement effective June 1, 2007.

Simmons First National Corporation – 409A Amendment to the Simmons First Bank of Hot Springs Executive Salary Continuation Agreement for David Bartlett (August 20th, 2010)

This Amendment is intended to bring the Agreement into compliance with the requirements of Internal Revenue Code Section 409A. Accordingly, the intent of the parties hereto is that the Agreement shall be operated and interpreted consistent with the requirements of Section 409A. Therefore, the following changes shall be made:

Simmons First National Corporation – Executive Salary Continuation Agreement That Supersedes and Replaces the Executive Supplemental Retirement Plan Executive Agreement Effective September 25, 2001 (August 20th, 2010)

The purpose of the Review Procedure is to provide a method by which a Claimant may have a reasonable opportunity to appeal a denial of a claim to the Plan Administrator for a full and fair review. The Claimant, or his duly authorized representative, may:

Central Valley Cmnty Bancorp – Second Executive Salary Continuation Agreement (May 13th, 2010)

This Second Executive Salary Continuation Agreement (the Agreement) is made effective April 1, 2010 (the Effective Date), and is entered into by and between Central Valley Community Bank (the Bank) and Gary Quisenberry (the Executive), each a Party and together the Parties.

Central Valley Cmnty Bancorp – Second Executive Salary Continuation Agreement (May 13th, 2010)

This Second Executive Salary Continuation Agreement (the Agreement) is made effective April 1, 2010 (the Effective Date), and is entered into by and between Central Valley Community Bank (the Bank) and Tom Sommer (the Executive), each a Party and together the Parties.

Southcrest Financial Group – First Amendment to the First National Bank of Polk County Executive Salary Continuation Agreement (April 3rd, 2009)

This FIRST AMENDMENT is made and entered into on the 9th day of December, 2008, by and between The First National Bank of Polk County (the "Bank"), a national banking association, and Larry T. Kuglar, an executive of the Bank (the "Executive").

Southcrest Financial Group – First Amendment to the Bank of Upson Executive Salary Continuation Agreement (April 3rd, 2009)
Southcrest Financial Group – Amendment to the Peachtree Bank Executive Salary Continuation Agreement (April 3rd, 2009)

This AMENDMENT is made and entered into on the 16 day of December, 2008, by and between Peachtree Bank (the "Bank"), a bank organized and existing under the laws of the State of Alabama, and Harvey Clapp, an executive of the Bank (the "Executive").

Southcrest Financial Group – First Amendment to the Bank of Upson Executive Salary Continuation Agreement (April 3rd, 2009)
Plumas Bancorp – Plumas Bank Executive Salary Continuation Agreement (March 18th, 2009)

This Amended and Restated Executive Salary Continuation Agreement governing benefits accrued after December 31, 2004 (Agreement) is entered into this 17th day of December, 2008 by and between Plumas Bank, a corporation organized under the laws of the state of California (the Employer), and Douglas N. Biddle, an individual residing in the state of California (hereinafter referred to as the Executive).

Plumas Bancorp – Plumas Bank Executive Salary Continuation Agreement (March 18th, 2009)

This Amended and Restated Executive Salary Continuation Agreement governing benefits accrued after December 31, 2004 (Agreement) is entered into this 17th day of December, 2008 by and between Plumas Bank, a corporation organized under the laws of the state of California (the Employer), and Robert T. Herr, an individual residing in the state of California (hereinafter referred to as the Executive).

Plumas Bancorp – Second Amendment to the Plumas Bank Executive Salary Continuation Agreement Dated June 2, 1994 and Amended February 16, 2000 for Douglas N. Biddle (March 18th, 2009)

This Second Amendment is adopted this 17th day of December, 2008, effective as of January 1, 2005, by and between Plumas Bank, a state-chartered commercial bank located in Quincy, California (the Employer), and Douglas N. Biddle (the Executive).

Plumas Bancorp – Plumas Bank Executive Salary Continuation Agreement (March 18th, 2009)

This Amended and Restated Executive Salary Continuation Agreement (Agreement) is entered into this 17th day of December, 2008, by and between Plumas Bank, a corporation organized under the laws of the State of California (the Employer), and Andrew J. Ryback, an individual residing in the State of California (hereinafter referred to as the Executive).

Plumas Bancorp – Second Amendment to the Plumas Bank Executive Salary Continuation Agreement Dated June 4, 2002 and Amended September 15, 2004 for Robert T. Herr (March 18th, 2009)

This Second Amendment is adopted this 17th day of December, 2008, effective as of January 1, 2005, by and between Plumas Bank, a state-chartered commercial bank located in Quincy, California (the Employer), and Robert T. Herr (the Executive).

Form of Executive Salary Continuation Agreement That Supersedes and Replaces the Executive Salary Continuation Agreement Effective January 1, 2006 (March 16th, 2009)

If claimants continue to dispute the benefit denial based upon completed performance of this Executive Plan or the meaning and effect of the terms and conditions thereof, then claimants may submit the dispute to an Arbitrator in West Virginia for final arbitration. The Arbitrator shall be selected by mutual agreement of the Bank and the claimants. The Arbitrator shall operate under the rules then in effect of the American Arbitration Association. The parties hereto agree that they and their heirs, personal representatives, successors and assigns shall be bound by the decision of such Arbitrator with respect to any controversy properly submitted to it for determination.

San Joaquin Bank – To the Amended and Restated San Joaquin Bancorp/Maclin Executive Salary Continuation Agreement (March 16th, 2009)

WHEREAS, San Joaquin Bancorp, formerly San Joaquin Bank, (the Employer) and John Ivy (the "Executive") entered into an Amended and Restated Executive Salary Continuation Agreement most recently amended and restated on June 13, 2003 (the "Agreement");

San Joaquin Bank – To the Amended and Restated San Joaquin Bancorp/Maclin Executive Salary Continuation Agreement (March 16th, 2009)

WHEREAS, San Joaquin Bancorp, formerly San Joaquin Bank, (the Employer) and Stephen Annis (the "Executive") entered into an Amended and Restated Executive Salary Continuation Agreement most recently amended and restated on June 13, 2003 (the "Agreement");

Executive Salary Continuation Agreement That Supersedes and Replaces the Executive Salary Continuation Agreement Effective July 1, 2006 (March 16th, 2009)

If claimants continue to dispute the benefit denial based upon completed performance of this Executive Plan or the meaning and effect of the terms and conditions thereof, then claimants may submit the dispute to an Arbitrator in West Virginia for final arbitration. The Arbitrator shall be selected by mutual agreement of the Bank and the claimants. The Arbitrator shall operate under the rules then in effect of the American Arbitration Association. The parties hereto

Form of Executive Salary Continuation Agreement That Supersedes and Replaces the Executive Salary Continuation Agreement Effective January 1, 2006 (March 16th, 2009)

If claimants continue to dispute the benefit denial based upon completed performance of this Executive Plan or the meaning and effect of the terms and conditions thereof, then claimants may submit the dispute to an Arbitrator in West Virginia for final arbitration. The Arbitrator shall be selected by mutual agreement of the Company and the claimants. The Arbitrator shall operate under the rules then in effect of the American Arbitration Association. The parties hereto agree that they and their heirs, personal representatives, successors and assigns shall be bound by the decision of such Arbitrator with respect to any controversy properly submitted to it for determination.