REDDING BANK OF COMMERCE AMENDMENT TO THE SALARY CONTINUATION AGREEMENTS
Exhibit 10.1
REDDING BANK OF COMMERCE
Amendment to the Salary Continuation Agreements
REDDING BANK OF COMMERCE
AMENDMENT TO THE
SALARY CONTINUATION AGREEMENTS
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.
The final sentence of Section 1.5 B. of certain salary continuation agreements has been amended and restated to read:
“A Change in the Ownership of the Relevant Corporation occurs only when there is a transfer of stock of the Relevant Corporation (or issuance of stock of the Relevant Corporation) and stock in the Relevant Corporation remains outstanding after the transaction.”
The amendment is applicable to the following agreements:
| Document | Form | SEC File No. | Original Exhibit No. | Filing Date | ||||||||
| Amended and Restated Salary Continuation Agreement with Randall S. Eslick, dated November 19, 2013 | 10-K | 000-25135 | 10.10 | 3/11/2014 | ||||||||
| Amended and Restated Salary Continuation Agreement with Samuel D. Jimenez, dated December 17, 2013 | 10-K | 000-25135 | 10.12 | 3/11/2014 | ||||||||
| Amended and Restated Salary Continuation Agreement with Robert J. O’Neil, dated December 17, 2013 | 10-K | 000-25135 | 10.16 | 3/11/2014 | ||||||||
| Salary Continuation Agreement with Robert H. Muttera, dated January 17, 2014 | 10-K | 000-25135 | 10.18 | 3/11/2014 |
