Amendment to First Regional Bank 1996 Deferred Compensation Plan (Effective January 17, 2006)
This amendment updates the First Regional Bank 1996 Deferred Compensation Plan by changing the rules in Appendix A regarding how certain participants' matching contributions are determined. Specifically, it removes age-based restrictions and clarifies that Appendix A will supersede Section 4.1.2 only for specified participants. The amendment is effective as of January 17, 2006.
Exhibit 10.10
Amendment to 1996 Deferred Compensation Plan
effective January 17, 2006
Effective January 17, 2006, the First Regional Bank 1996 Deferred Compensation Plan is amended by deleting the following three sentences contained in Appendix A thereto:
“This Appendix supersedes Section 4.1.2. It does not apply to any Participant for any Plan Year after the year in which he reaches age seventy-five (75). After that year, his Matching Contributions are determined in accordance with Section 4.1.2.”
and replacing such deleted sentences with the following sentence:
“This Appendix supersedes Section 4.1.2 with respect to the following Participant(s).”
