Plumas Bancorp – Deferred Fee Agreement (January 6th, 2005)
To encourage the Director to remain a member of the Banks Board of Directors, the Bank is willing to provide to the Director a deferred fee opportunity. The Bank will pay the benefits from its general assets.
Plumas Bancorp – Contract (November 10th, 2004)
Exhibit 10.46 PLUMAS BANK 1991 STOCK OPTION PLAN 1. PURPOSE The purpose of the 1991 Stock Option Plan is to strengthen Plumas Bank (the "Bank") and those corporations which are or hereafter become subsidiary corporations of the Bank by providing an additional means of attracting and retaining competent managerial personnel and by providing to participating officers and management level employees added incentive for high levels of performance. The Plan seeks to accomplish these purposes and achieve these results by providing a means whereby such officers and key employees may purchase shares of the common stock of the Bank pursuant to options granted in accordance with this Plan. Options granted pursuant to this Plan are intended to be "Incentive Stock Options" within the meaning of Section 422A of the Internal Revenue Code of 1986, as amended from time to time (the "Code"), or "non-qualified" stock options,
Plumas Bancorp – Contract (March 29th, 2004)
Exhibit 10.61 THIRD AMENDMENT TO EXECUTIVE SALARY CONTINUATION AGREEMENT This Amendment No. 3 ("Amendment") to the Executive Salary Continuation Agreement ("Agreement") dated October 13, 1993, as amended on September 29, 1995 and February 16, 2000 is made and entered into this 12th day of November, 2003, by and between Plumas Bank, a California state banking corporation (the "Employer"), and William E. Elliott, an individual residing in the State of California (hereinafter referred to as the "Executive"). RECITALS WHEREAS, the Executive is an employee of the Employer and is serving as its President and Chief Executive Officer; WHEREAS, the Employer has provided Executive with certain salary continuation benefits as set forth in the Agreement; WHEREAS, Employer and Executive desire to amend the Section 1.2 of the Agreement to provide the Executive with a