Salary Continuation Agreement Sample Contracts

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Salary continuation Agreement
Salary Continuation Agreement • January 6th, 2023 • Bank of the James Financial Group Inc • State commercial banks

This Salary Continuation Agreement (the “Agreement”), by and between Bank of the James, located in Lynchburg, Virginia (the “Employer”), and Eric J. Sorenson, Jr. (the “Executive”), made this 1st day of January 2023, formalizes the agreements and understanding between the Employer and the Executive.

AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 10th, 2015 • Bank of Commerce Holdings • State commercial banks • California

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of January 1, 2009 and amended on November 19, 2013, by and between REDDING BANK OF COMMERCE, a state-chartered commercial bank located in Redding, California (the “Bank”), and RANDALL S. ESLICK (the “Executive”).

The Cortland Savings and Banking Company Fourth Amended Salary Continuation Agreement
Salary Continuation Agreement • June 2nd, 2010 • Cortland Bancorp Inc • Savings institution, federally chartered • Ohio

This Fourth Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 1st day of June, 2010, 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 SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • June 25th, 2015 • J. Alexander's Holdings, Inc. • Retail-eating places • Tennessee

This Amended and Restated Salary Continuation Agreement (“Agreement”), which supersedes and cancels any previously dated Salary Continuation Agreements, is made and entered into as of this 26th day of December, 2008, by and between J. Alexander’s Corporation, a Tennessee corporation with its principal office in Nashville, Tennessee (the “Corporation”), and Lonnie J. Stout II, a resident of Brentwood, Tennessee (“Employee”).

First Reliance Bank Amended Salary Continuation Agreement
Salary Continuation Agreement • August 2nd, 2013 • First Reliance Bancshares Inc • National commercial banks • South Carolina

This Amended Salary Continuation Agreement (this “Agreement”) is entered into as of July 25, 2013, by and between First Reliance Bank, a South Carolina-chartered bank (the “Bank”), and F.R. Saunders Jr., its President and Chief Executive Officer (the “Executive”).

Amended and Restated Salary Continuation Agreement
Salary Continuation Agreement • April 20th, 2007 • Capital Corp of the West • State commercial banks • California

This Amended and Restated Salary Continuation Agreement (this “Agreement”) is entered into as of this 29th day of December, 2006, by and between Capital Corp of the West, a California bank holding company (the “Company”), and Thomas T. Hawker, (the “Executive”). This Agreement amends and restates the amended salary continuation agreement (“Original Agreement”) dated September 9, 2003 (and the other agreements, if any, referenced in the Original Agreement) and entered into by and between Company and the Executive to make changes to comply with section 409A of the Internal Revenue Code of 1986, as amended (“Code”), and make other changes.

BANK OF MARIN SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • November 6th, 2020 • Bank of Marin Bancorp • State commercial banks • California

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this 1st day of January, 2016, by and between Bank of Marin, a state-chartered commercial bank located in Novato, California (the “Bank”), and Timothy Myers (the “Executive”).

Carolina Bank Salary Continuation Agreement
Salary Continuation Agreement • November 14th, 2014 • Carolina Bank Holdings Inc • State commercial banks • North Carolina

This Salary Continuation Agreement (this “Agreement”) is entered into as of this 1st day of October, 2014, by and between Carolina Bank, a North Carolina-chartered bank (the “Bank”), and John Richard Spiker, II, its Executive Vice President (the “Executive”).

CHINO COMMERCIAL BANK, N.A. SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • April 14th, 2017 • Chino Commercial Bancorp • National commercial banks • California

This Salary Continuation Agreement (the “Agreement”) is entered into effective the 1st day of June, 2004, by and between Chino Commercial Bank, N.A., a national banking association (the “Bank”), and Dann H. Bowman (the “Participant”), pursuant to the Salary Continuation Plan of the Bank (the “Plan”), a copy of which is attached hereto and incorporated herein by this reference. All capitalized terms not herein defined shall have the same meaning ascribed to them as in the Plan.

FIRST AMENDMENT TO THE CAPITALBANK SALARY CONTINUATION AGREEMENT DATED OCTOBER 17, 2002 FOR HELEN A. AUSTIN
Salary 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 Helen A. Austin (the “Executive”).

Capital Corp of the West Salary Continuation Agreement
Salary Continuation Agreement • July 11th, 2006 • Capital Corp of the West • State commercial banks • California

This Salary Continuation Agreement (this “Agreement”) is entered into as of this19th day of June, 2006, by and between Capital Corp of the West (the “Bank”) with its Main Office in Merced, California, and David A. Heaberlin de la Peña, Executive Vice President and Chief Financial Officer/Treasurer of the Bank (the “Executive”).

HERITAGE OAKS BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • August 4th, 2003 • Heritage Oaks Bancorp • State commercial banks • California

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this day of , 200 , by and between HERITAGE OAKS BANK, a state-chartered commercial bank located in Paso Robles, California (the “Company”), and PAUL DELINE (the “Executive”).

Contract
Salary Continuation Agreement • September 5th, 2017 • Norwood Financial Corp • State commercial banks • Pennsylvania
SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 14th, 2008 • Gateway Financial Holdings Inc • National commercial banks • North Carolina

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this first day of October 1, 2006, by and between GATEWAY BANK & TRUST CO., a North Carolina banking corporation (hereinafter referred to as the “Bank” or “Employer”), and D. BEN BERRY, an individual resident of Virginia (hereinafter referred to as the “Executive”).

NEWMIL BANK SECOND AMENDED AND RESTATED SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • December 23rd, 2005 • Newmil Bancorp Inc • Savings institutions, not federally chartered • Connecticut

This Second Amended and Restated Salary Continuation Agreement (this “Agreement”) is entered into as of this 20th day of December, 2005, by and between NewMil Bank, a Connecticut-chartered savings bank (the “Bank”), and Francis J. Wiatr, President and Chief Executive Officer of NewMil Bancorp, Inc. and the Bank (the “Executive”).

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • October 21st, 2005 • First Security Bancorp Inc /Ky/ • State commercial banks • Kentucky

THIS SALARY CONTINUATION AGREEMENT (“Agreement”) is made and entered into on the 19th day of October, 2005, to be effective as of October 19, 2005, by and between FIRST SECURITY BANK OF LEXINGTON, INC., a Kentucky corporation, with its principal office and place of business located at 318 East Main Street, Lexington, Kentucky 40507 (the “Bank”), and DAVID A. DONALDSON, an individual residing at 312 Boone Way, Richmond, Kentucky 40475 (the “Employee”).

CAPITALBANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • November 13th, 2002 • Community Capital Corp /Sc/ • National commercial banks • South Carolina

THIS AGREEMENT is adopted this 17th day of October, 2002, by and between CAPITALBANK, a state-chartered commercial bank located in Greenwood, South Carolina (the “Company”), and JAMES A. LOLLIS (the “Executive”).

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • May 30th, 2008 • 1st Financial Services CORP • North Carolina

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 26th day of March, 2008, by and between Mountain 1st Bank & Trust Company, a North Carolina-chartered bank (the “Bank”), and Gregory L. Gibson, its Chief Executive Officer (the “Executive”).

Amended and Restated Salary Continuation Agreement entered into by Home Federal Bank with R. Shane Correa HOME FEDERAL BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • December 14th, 2010 • Home Federal Bancorp, Inc. • Savings institution, federally chartered • Idaho

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 20th day of July, 2010, by and between HOME FEDERAL BANK, a federally-chartered savings bank located in Nampa, Idaho (the “Bank”), and R. SHANE CORREA (the “Executive”).

FIDELITY BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • December 24th, 2014 • Fidelity Southern Corp • State commercial banks • Georgia

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of December 23, 2014 by and between Fidelity Bank, a Georgia-chartered bank (the “Bank”), and H. Palmer Proctor, Jr., an executive of the Bank (the “Executive”).

ADVANTAGE BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • May 16th, 2012 • Camco Financial Corp • Savings institutions, not federally chartered • Ohio

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is adopted this ___ day of ______, 200_, by and between Advantage Bank, a state-chartered commercial bank located in Cambridge, Ohio (the “Bank”), and (the “Executive”).

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THIRD COAST BANK, SSB SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • October 15th, 2021 • Third Coast Bancshares, Inc. • Savings institutions, not federally chartered • Texas

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made by and between Third Coast Bank, SSB, Humble, Texas, a Texas banking association (the “Bank”), or any other successor, transferee, or assignees, and John McWhorter (the “Executive”).

INVESTORS COMMUNITY BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • November 10th, 2014 • County Bancorp, Inc. • Wisconsin

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 24th day of October, 2006, by and between INVESTORS COMMUNITY BANK, a state-chartered commercial bank located in Manitowoc, Wisconsin (the “Bank”) and (the “Executive”).

Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • November 8th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 23rd day of February, 2011 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Ray D. Vaughn (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of September 10, 2008, among the aforesaid parties, as amended from time to time (the “Agreement”).

BANK OF OAK RIDGE SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 28th, 2008 • Oak Ridge Financial Services, Inc. • National commercial banks • North Carolina

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of January, 2006, by and between Bank of Oak Ridge, a bank chartered under North Carolina law (the “Bank”), and L. William Vasaly III, its Senior Vice President and Chief Credit Officer (the “Executive”).

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • July 1st, 2016 • West End Indiana Bancshares, Inc. • State commercial banks • Indiana

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.

SALARY CONTINUATION AGREEMENT OF DARLENE F. MCDONALD
Salary Continuation Agreement • March 31st, 2015 • First Clover Leaf Financial Corp. • Savings institution, federally chartered • Illinois

This Salary Continuation Agreement (the “Agreement”) by and between First Clover Leaf Bank NA, located in Edwardsville, Illinois (the “Employer”), and Darlene McDonald (the “Executive”), effective as of the 1st day of July 2014, formalizes the agreements and understanding between the Employer and the Executive.

SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 22nd, 2013 • Genvec Inc • Pharmaceutical preparations • Maryland

WHEREAS the Company considers it essential to its best interests and to the best interests of its stockholders to foster the continuous employment of its key management personnel; and

TIB BANK SALARY CONTINUATION AGREEMENT As Amended and Restated
Salary Continuation Agreement • December 31st, 2008 • Tib Financial Corp. • State commercial banks • Florida

This Salary Continuation Agreement (this “Agreement”) is adopted this 16th day of December, 2008, by and between TIB Bank, a state-chartered commercial bank located in Monroe County, Florida (the “Company”), and Stephen J. Gilhooly (the “Executive”).

BANK OF NORTH CAROLINA SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • January 4th, 2005 • BNC Bancorp • National commercial banks • North Carolina

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 31st day of December, 2004, by and between Bank of North Carolina, a North Carolina-chartered commercial bank (the “Bank”), and W. Swope Montgomery, Jr., its President and Chief Executive Officer (the “Executive”).

First Reliance Bank First Amendment of the Salary Continuation Agreement
Salary Continuation Agreement • December 29th, 2008 • First Reliance Bancshares Inc • National commercial banks

This First Amendment of the Salary Continuation Agreement (this “Amendment”) is entered into as of this _______ day of ______________, 2008, by and between First Reliance Bank, a South Carolina-chartered bank (the “Bank”), and F.R. Saunders, Jr., its President and Chief Executive Officer (the “Executive”).

American River Bank Salary Continuation Agreement
Salary Continuation Agreement • January 2nd, 2013 • American River Bankshares • State commercial banks • California
INVESTAR BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 1st, 2018 • Investar Holding Corp • State commercial banks • Louisiana

This SALARY CONTINUATION AGREEMENT (this “Agreement”) is entered into as of this 28th day of February, 2018, by and between Investar Bank (the “Bank”) and Christopher Hufft (the “Executive”).

First Security Group, Inc. and FSGBANK, National Association SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 16th, 2006 • First Security Group Inc/Tn • National commercial banks • Tennessee

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted as of this 21st day of December, 2005, by and between First Security Group, Inc., a Tennessee corporation (the “Corporation”), FSGBank, National Association, a national bank located in Chattanooga, Tennessee (the “Company”), and Rodger B. Holley (the “Executive”).

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