Executive Salary Continuation Agreement Sample Contracts

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AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 17th, 2008 • United Security Bancshares • National commercial banks • California

This amended and restated executive salary agreement (“Agreement”) by and between United Security Bank, a California banking corporation (the “Employer”), and Kenneth L. Donahue, an individual residing in the State of California (hereinafter referred to as the “Executive”) amends and restates the executive salary continuation agreement (“Original Agreement”) made and entered into on January 2, 1997, by and between Employer and Executive.

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary 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 Thomas J. Grayuski, an Executive of the Bank (hereinafter referred to as the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • August 11th, 2005 • Surrey Bancorp • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this 27th day of June, 2005, by and between Surrey Bank & Trust, a bank organized and existing under the laws of the State of North Carolina (hereinafter referred to as the “Bank”), and Edward C. Ashby, III, an Executive of the Bank (hereinafter referred to as the “Executive”).

RECITALS
Executive Salary Continuation Agreement • August 14th, 2002 • Plumas Bancorp • Blank checks • California
EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 6th, 2020 • Central Valley Community Bancorp • State commercial banks • California

This Executive Salary Continuation Agreement (the “Agreement”) is made effective April 1, 2020 (the “Effective Date”), and is entered into by and between Central Valley Community Bank (the “Bank”) and Ken Ramos (the “Executive”), each a “Party” and together the “Parties.”

RECITALS
Executive Salary Continuation Agreement • May 13th, 2003 • Plumas Bancorp • Short-term business credit institutions • California
EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • July 9th, 2021 • Lyons Bancorp Inc • National commercial banks

THIS AGREEMENT, made and entered into this 31st day of December, 2007, by and between The Lyons National Bank, a bank organized and existing under the laws of the United States of America (hereinafter referred to as the “Bank”), and Stephen V. DeRaddo, 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.

RECITALS --------
Executive Salary Continuation Agreement • August 4th, 2006 • San Joaquin Bancorp • California
AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • April 1st, 2008 • Mountain National Bancshares Inc • National commercial banks • Tennessee

THIS AGREEMENT, made and entered into this 19th day of JANUARY, 2007, by and between Mountain National Bank, a bank organized and existing under the laws of the United States of America (hereinafter referred to as the “Bank”), and Grace D. McKinzie, an Executive of the Bank (hereinafter referred to as the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 30th, 2007 • Centra Financial Holdings Inc • National commercial banks • West Virginia

THIS AGREEMENT, made and entered into this 7th day of September, 2005, by and between Centra Bank, Inc., a bank organized and existing under the laws of the State of West Virginia (hereinafter referred to as the “Bank”), and Kevin D. Lemley an Executive of the Bank (hereinafter referred to as the “Executive”).

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • December 29th, 2008 • Peoples Bancorp of North Carolina Inc • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this day of , 2008, by and between Peoples Bank, a Bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as “the Bank”, and Lance A. Sellers, a Key Employee and the Executive of the Bank, hereinafter referred to as “the Executive.”

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • November 12th, 2004 • 1st Centennial Bancorp • Finance services • California

This Agreement is made and entered into this 1st day of December, 2001, by and between Redlands Centennial Bank, a California state banking corporation (the “Employer”), and Anne Elizabeth Sanders, an individual residing in the State of California (hereinafter referred to as the “Executive”).

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • December 29th, 2008 • Peoples Bancorp of North Carolina Inc • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this day of , 2008, by and between Peoples Bank, a Bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as “the Bank”, and Joesph F. Beaman, Jr., a Key Employee and the Executive of the Bank, hereinafter referred to as “the Executive.”

AMENDED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 29th, 2007 • Central Valley Community Bancorp • State commercial banks • California

This Amended Salary Continuation Agreement (the “Agreement”) is made effective March 1, 2007 (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.”

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 2nd, 2018 • United Security Bancshares • National commercial banks • California

This Executive Salary Continuation Agreement (this “Agreement”) is entered into by and between United Security Bank, a California banking corporation (the “Employer”), and William M. Yarbenet, an individual residing in the State of California (the “Officer”) as of ____________, 2015, with reference to the following:

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • July 9th, 2021 • Lyons Bancorp Inc • National commercial banks • New York

THE AGREEMENT, made and entered into this 26th day of September, 2001 by and between The Lyons National Bank, a banking corporation organized and existing under the laws of the United States (hereinafter called “Bank”), and Robert A. Schick (hereinafter called the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 9th, 2022 • United Security Bancshares • National commercial banks • California

This Executive Salary Continuation Agreement (this "Agreement") is entered into by and between United Security Bank, a California banking corporation (the "Employer") and Robert Oberg, an individual residing in the State of California (the "Officer") as of October 27, 2020, with reference to the following:

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • April 11th, 2006 • 1st Centennial Bancorp • Finance services • California

This Agreement is made and entered into this 7th day of April, 2006, by and between 1st Centennial Bank, a California state banking corporation (the “Bank”), and Thomas E. Vessey, an individual residing in the State of California (hereinafter referred to as “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 15th, 2016 • Lyons Bancorp Inc • National commercial banks • New York

THE AGREEMENT, made and entered into this 26th day of September, 2001 by and between The Lyons National Bank, a banking corporation organized and existing under the laws of the United States (hereinafter called “Bank”), and Clair J. Britt (hereinafter called the “Executive”).

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EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 5th, 2008 • Central Valley Community Bancorp • State commercial banks • California

This Executive Salary Continuation Agreement (the “Agreement”) is made effective January 2, 2008 (the “Effective Date”), and is entered into by and between Central Valley Community Bank (the “Bank”) and Lydia Shaw (the “Executive”), each a “Party” and together the “Parties.”

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 16th, 2005 • Flag Financial Corp • Savings institution, federally chartered • Georgia

THIS AGREEMENT, made and entered into this 11th day of November, 2004, by and between Flag Bank, a Bank organized and existing under the laws of the State of Georgia (hereinafter referred to as the “Bank”), Flag Financial Corporation (hereinafter referred to as the “Holding Company”), and Joseph Daniel Speight, Jr., an Executive of the Bank (hereinafter referred to as the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • September 10th, 2007 • CB Financial CORP • State commercial banks • North Carolina

THIS AGREEMENT, made and entered into this _______ day of September, 2007, by and between Cornerstone Bank, a bank organized and existing under the laws of the State of North Carolina (hereinafter referred to as the “Bank”), and Norman Osborn, an Executive of the Bank (hereinafter referred to as the “Executive”).

AMENDED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 29th, 2007 • Central Valley Community Bancorp • State commercial banks • California

This Amended Salary Continuation Agreement (the “Agreement”) is made effective March 1, 2007 (the “Effective Date”), and is entered into by and between Central Valley Community Bank (the “Bank”) and David Kinross (the “Executive”), each a “Party” and together the “Parties.”

AMENDMENT NO. 2 TO EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • November 5th, 2003 • Central Valley Community Bancorp • State commercial banks • California

WHEREAS, an executive salary continuation agreement (the “Agreement”) was entered into and made effective as of June 7, 2000, at Clovis, California, County of Fresno, State of California, by and between Clovis Community Bank and Daniel J. Doyle (hereinafter referred to as “Executive”); and

THIRD AMENDED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 6th, 2020 • Central Valley Community Bancorp • State commercial banks • California

This Third Amended Executive Salary Continuation Agreement (the "Agreement") is made effective April 1, 2020 (the "Effective Date"), and is entered into by and between Central Valley Community Bank (the "Bank") and David Kinross (the "Executive"), each a "Party" and together the "Parties."

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 15th, 2003 • Western Sierra Bancorp • State commercial banks • California

This Agreement is amended and restated this first day of February, 2002, by and between Western Sierra National Bank, a national banking association located in Cameron Park, California (the “Employer”) and Kirk N. Dowdell (the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 30th, 2007 • Centra Financial Holdings Inc • National commercial banks • West Virginia

THIS AGREEMENT, made and entered into this 6th day of September, 2005, by and between Centra Bank, Inc., a bank organized and existing under the laws of the State of West Virginia (hereinafter referred to as the “Bank”), and Henry M. Kayes, Jr. an Executive of the Bank (hereinafter referred to as the “Executive”).

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • February 21st, 2008 • New Hampshire Thrift Bancshares Inc • Savings institution, federally chartered • New Hampshire

THIS AGREEMENT, made and entered into this day of , 2008, 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 , 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.

SECOND AMENDED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 21st, 2012 • Central Valley Community Bancorp • State commercial banks • California

This Second Amended Salary Continuation Agreement (the “Agreement”) is made effective January 1, 2012 (the “Effective Date”), and is entered into by and between Central Valley Community Bank (the “Bank”) and David Kinross (the “Executive”), each a “Party” and together the “Parties.”

AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • May 10th, 2018 • Wellesley Bancorp, Inc. • Savings institutions, not federally chartered • Massachusetts

THIS AGREEMENT, made and entered into this day of March 27, 2018 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 in its entirety the Executive Salary Continuation Agreement effective June 1, 2007, amended and restated on October 17, 2007 and thereafter subsequently amended.

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • August 11th, 2006 • Central Valley Community Bancorp • State commercial banks • California

This Salary Continuation Agreement (the “Agreement”) is made effective as of July 1, 2006 (the “Effective Date”), and is entered into by and between Central Valley Community Bank (the “Bank”) and David Kinross (the “Executive”), each a “Party” and together the “Parties.”

§409A AMENDED & RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • February 28th, 2020 • Origin Bancorp, Inc. • State commercial banks • Louisiana

THIS AGREEMENT, made and entered into this 15th day of December, 2008, by and between Community Trust Bank, a bank organized and existing under the laws of the State of Louisiana (hereinafter referred to as the “Bank”), and Cary S. Davis, an Executive of the Bank (hereinafter referred to as the “Executive”).

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