Salary Continuation Agreement Sample Contracts

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Oak Valley Bancorp [Ca] – 2016 Salary Continuation Agreement (June 9th, 2017)

This 2016 Salary Continuation Agreement (the "Agreement"), by and between Oak Valley Community Bank, located in Oakdale, California (the "Employer"), and Michael J. Rodrigues (the "Executive"), formalizes the agreements and understanding between the Employer and the Executive.

Oak Valley Bancorp [Ca] – 2016 Salary Continuation Agreement (June 9th, 2017)

This 2016 Salary Continuation Agreement (the "Agreement"), by and between Oak Valley Community Bank, located in Oakdale, California (the "Employer"), and Christopher M. Courtney (the "Executive"), made this 1st day of July, 2016, formalizes the agreements and understanding between the Employer and the Executive.

Oak Valley Bancorp [Ca] – Salary Continuation Agreement (June 9th, 2017)

This Salary Continuation Agreement (the "Agreement"), by and between Oak Valley Community Bank, located in Oakdale, California (the "Employer"), and Jeff Gall (the "Executive"), made this 1st day of July, 2016, formalizes the agreements and understanding between the Employer and the Executive.

Oak Valley Bancorp [Ca] – 2016 Salary Continuation Agreement (June 9th, 2017)

This 2016 Salary Continuation Agreement (the "Agreement"), by and between Oak Valley Community Bank, located in Oakdale, California (the "Employer"), and Richard A. McCarty (the "Executive"), made this 1st day of July, 2016, formalizes the agreements and understanding between the Employer and the Executive.

Oak Valley Bancorp [Ca] – First Amendment to the Oak Valley Community Bank Amended and Restated Salary Continuation Agreement (June 9th, 2017)

THIS FIRST AMENDMENT (the "Amendment") is adopted this 1st day of July, 2016 by and between Oak Valley Community Bank (the "Company"), and Christopher M. Courtney (the "Executive").

Oak Valley Bancorp [Ca] – First Amendment to the Oak Valley Community Bank Amended and Restated Salary Continuation Agreement (June 9th, 2017)

THIS FIRST AMENDMENT (the "Amendment") is adopted this 1st day of July, 2016 by and between Oak Valley Community Bank (the "Company"), and Michael J. Rodrigues (the "Executive").

Oak Valley Bancorp [Ca] – First Amendment to the Oak Valley Community Bank Amended and Restated Salary Continuation Agreement (June 9th, 2017)

THIS FIRST AMENDMENT (the "Amendment") is adopted this 1st day of July, 2016 by and between Oak Valley Community Bank (the "Company"), and Richard A. McCarty (the "Executive").

Paragon Commercial CORP – Amendment to Paragon Commercial Bank Salary Continuation Agreement for Matthew C. Davis (May 9th, 2017)

This AMENDMENT TO PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT (this "Amendment") is entered into as of this 26th day of April, 2017, by and between Paragon Commercial Bank, a North Carolina-chartered bank (the "Bank"), and Matthew C. Davis, an executive of the Bank (the "Executive").

Redding Bank of Commerce Amendment to the Salary Continuation Agreements (April 28th, 2017)

On March 21, 2017, the Board of Directors of Redding Bank of Commerce approved an amendment to Section 1.5 B. of certain salary continuation agreements to correct a scrivener's error.

Guaranty Bancshares Inc/Tx – Salary Continuation Agreement (April 6th, 2017)

THIS AGREEMENT is made this 18th day of August, 1998 by and between GUARANTY BANK (the Bank) located in Mount Pleasant, Texas, and ARTHUR B. SCHARLACH, JR. (the Executive).

Mutualfirst Financial Inc. – Mutualbank Amended and Restated Salary Continuation Agreement (March 16th, 2017)

THIS AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT (this "Agreement") effective as of the 20th day of December 2016, amends and restates the Salary Continuation Agreement originally dated September 18, 2007 (the "Prior Agreement") between MUTUALBANK (as successor to MFB Financial), an Indiana commercial bank (the "Bank"), and CHARLES J. VIATER (the "Executive").

Codorus Valley Bancorp, Inc – Third Amendment to the Peoplesbank, a Codorus Valley Company Salary Continuation Agreement Dated October 1, 2002 for Matthew Clemens (March 15th, 2017)

This Third Amendment to Salary Continuation Agreement is made this 11th day of March, 2014, by and among PeoplesBank, A Codorus Valley Company, a Pennsylvania banking institution (the "Bank"), and a wholly-owned subsidiary of Codorus Valley Bancorp, Inc., a Pennsylvania business corporation (the "Corporation") and Matthew A. Clemens, an adult individual (the "Executive").

Codorus Valley Bancorp, Inc – Salary Continuation Agreement (March 15th, 2017)

THIS AGREEMENT is made this 1st day of October, 2002, by and between PeoplesBank, A Codorus Valley Company, a Pennsylvania state-chartered bank located in York, Pennsylvania (the "Company") and Matthew Clemens (the "Executive").

Codorus Valley Bancorp, Inc – Peoplesbank, a Codorus Valley Company Salary Continuation Agreement Dated October 1, 2002 and Amended December 27, 2005 for Matthew Clemens (March 15th, 2017)

THIS SECOND AMENDMENT is adopted this 23rd day of December, 2008, and is effective January 1, 2009, by and between PeoplesBank, A Codorus Valley Company, a Pennsylvania banking institution located in York, Pennsylvania (the "Bank") and a wholly owned subsidiary of Codorus Valley Bancorp, Inc. (the "Corporation") and Matthew Clemens (the "Executive").

Community Bank of Tri-County Salary Continuation Agreement (March 13th, 2017)

THIS SALARY CONTINUATION AGREEMENT (the "Agreement") is adopted this 21st day of August, 2006, by and between COMMUNITY BANK OF TM-COUNTY, a state-chartered commercial bank located in Waldorf, Maryland (the "Company-) and JAMES DIMISA (the "Executive").

Heritage NOLA Bancorp, Inc. – Heritage Bank of St. Tammany Salary Continuation Agreement (March 10th, 2017)

THIS SALARY CONTINUATION PLAN FOR WILLIAM DAVID CRUMHORN (the "Plan") is effective as of January 1, 2017, and is entered into by Heritage Bank of St. Tammany (the "Bank") and William David Crumhorn ("Executive").

Guaranty Bancshares Inc/Tx – Salary Continuation Agreement (March 8th, 2017)

THIS AGREEMENT is made this 18th day of August, 1998 by and between GUARANTY BANK (the Bank) located in Mount Pleasant, Texas, and ARTHUR B. SCHARLACH, JR. (the Executive).

Consumers Bank – Third Amendment to the Consumers National Bank Salary Continuation Agreement Dated February 11, 2011 for Ralph Lober (February 14th, 2017)

THIS THIRD AMENDMENT is adopted this 3rd day of October, 2016 by and between Consumers National Bank, a nationally-chartered commercial bank located in Minerva, Ohio (the "Company") and Ralph Lober (the "Executive").

Paragon Commercial CORP – Paragon Commercial Bank Salary Continuation Agreement for Matthew C. Davis (January 5th, 2017)

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").

Paragon Commercial CORP – Paragon Commercial Bank Salary Continuation Agreement for Robert C. Hatley (January 5th, 2017)

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 Robert C. Hatley, an executive of the Bank (the "Executive").

Paragon Commercial CORP – Paragon Commercial Bank Salary Continuation Agreement for Matthew C. Davis (January 5th, 2017)

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").

Paragon Commercial CORP – Paragon Commercial Bank Salary Continuation Agreement for Steven E. Crouse (January 5th, 2017)

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 Steven E. Crouse, an executive of the Bank (the "Executive").

Bnc Bancorp – BANK OF NORTH CAROLINA SALARY CONTINUATION AGREEMENT This SALARY CONTINUATION AGREEMENT (This "Agreement") Is Entered Into December 12, 2016 by and Between Bank of North Carolina (The "Bank"), a North Carolina-Chartered, FDIC-insured Member Bank, and David B. Spencer, an Executive of the Bank (The "Executive"). WHEREAS, the Executive Has Contributed Substantially to the Success of the Bank and Its Parent Company, BNC Bancorp, a North Carolina Corporation, and the Bank Desires That the Executive Continue in Its Employ, WHEREAS, to Encourage the Executive to Remain an Employee, the Bank Is Willi (December 16th, 2016)
Bnc Bancorp – BANK OF NORTH CAROLINA SALARY CONTINUATION AGREEMENT This SALARY CONTINUATION AGREEMENT (This "Agreement") Is Entered Into December 12, 2016 by and Between Bank of North Carolina (The "Bank"), a North Carolina-Chartered, FDIC-insured Nonmember Bank, and Ronald J. Gorczynski, an Executive of the Bank (The "Executive"). WHEREAS, the Executive Has Contributed Substantially to the Success of the Bank and Its Parent Company, BNC Bancorp, a North Carolina Corporation, and the Bank Desires That the Executive Continue in Its Employ, WHEREAS, to Encourage the Executive to Remain an Employee, the Bank I (December 16th, 2016)
Bnc Bancorp – BANK OF NORTH CAROLINA SALARY CONTINUATION AGREEMENT This SALARY CONTINUATION AGREEMENT (This "Agreement") Is Entered Into December 12, 2016 by and Between Bank of North Carolina (The "Bank"), a North Carolina-Chartered, FDIC-insured Member Bank, and Richard D. Callicutt II, an Executive of the Bank (The "Executive"). WHEREAS, the Executive Has Contributed Substantially to the Success of the Bank and Its Parent Company, BNC Bancorp, a North Carolina Corporation, and the Bank Desires That the Executive Continue in Its Employ, WHEREAS, to Encourage the Executive to Remain an Employee, the Bank I (December 16th, 2016)
Consumers Bank – Consumers National Bank Salary Continuation Agreement (November 9th, 2016)

THIS SALARY CONTINUATION AGREEMENT (this "Agreement") is made this 4th day of November, 2016, by and between Consumers National Bank, a nationally chartered commercial bank located in Minerva, Ohio (the "Company"), and Scott E. Dodds (the "Executive").

Bank Of The James Financial Group – First Amendment to the Bank of the James Salary Continuation Agreement (October 21st, 2016)

THIS AMENDMENT (the Amendment) is adopted October 1st, 2016, by and between Bank of the James (the Bank), and Robert R. Chapman III (the Executive).

Bank Of The James Financial Group – 2016 Salary Continuation Agreement (October 21st, 2016)

This Salary Continuation Agreement (the Agreement), by and between Bank of the James, located in Lynchburg, Virginia (the Employer), and Harry P. Umberger (the Executive), made this 1st day of October, 2016, formalizes the agreements and understanding between the Employer and the Executive.

Bank Of The James Financial Group – First Amendment to the Bank of the James Salary Continuation Agreement (October 21st, 2016)

THIS AMENDMENT (the Amendment) is adopted October 1st, 2016, by and between Bank of the James (the Bank), and J. Todd Scruggs (the Executive).

Bank Of The James Financial Group – First Amendment to the Bank of the James Salary Continuation Agreement (October 21st, 2016)

THIS AMENDMENT (the Amendment) is adopted October 1st, 2016, by and between Bank of the James (the Bank), and Harry P. Umberger (the Executive).

Community Savings Bancorp, Inc. – Form of Community Savings Salary Continuation Agreement (September 9th, 2016)

THIS SALARY CONTINUATION PLAN FOR ALVIN B. PARMITER (the "Plan") is effective as of [date], and is entered into by Community Savings (the "Bank") and Alvin B. Parmiter ("Executive"). For purposes of this Plan, the term "the Company" shall mean Community Savings Bancorp, Inc.

Golden Enterprises, Inc. – Second Amendment to Salary Continuation Agreement (August 18th, 2016)

WHEREAS, the Board of Directors determined it was in the best interests of Golden Enterprises, Inc. (the "CORPORATION") to enter into a Salary Continuation Plan (a non-qualified deferred compensation plan) for Mark W. McCutcheon ("MCCUTCHEON") in order to encourage MCCUTCHEON to remain employed with the CORPORATION; and

Golden Enterprises, Inc. – Third Amendment to Salary Continuation Agreement (August 18th, 2016)

WHEREAS, the Board of Directors determined it was in the best interests of Golden Enterprises, Inc. (the "CORPORATION") to enter into a Salary Continuation Plan (a non-qualified deferred compensation plan) for Mark W. McCutcheon ("MCCUTCHEON") in order to encourage MCCUTCHEON to remain employed with the CORPORATION; and

West End Indiana Bancshares, Inc. – Salary Continuation Agreement (July 1st, 2016)

This Salary Continuation Agreement (the "Agreement") by and between West End Bank, located in Richmond, Indiana (the "Employer"), and Timothy R. Frame (the "Executive"), effective the 1st day of July, 2016, formalizes the agreements and understanding between the Employer and the Executive.

Paragon Commercial CORP – PARAGON COMMERCIAL BANK SALARY CONTINUATION AGREEMENT 2013 Amendment and Restatement (May 26th, 2016)

This Amended and Restated SALARY CONTINUATION AGREEMENT (this "Agreement") is entered into as of this 27th day of December, 2013, by and between Paragon Commercial Bank, a North Carolina-chartered bank (the "Bank"), and Steven E. Crouse, an executive of the Bank (the "Executive").