Seventh Amendment to North Valley Bancorp 401(k) Plan

Summary

North Valley Bancorp has amended its 401(k) retirement plan, effective February 14, 2009. Under this amendment, the company will match 25% of each eligible employee's contributions (elective deferrals) to the plan, up to 4% of the employee's compensation. This means the maximum employer matching contribution is 1% of an employee's compensation. All other terms of the plan remain unchanged. The amendment is signed by the company's President and CEO.

EX-10.NNN 15 ex10_nnn.htm EXHIBIT 10(NNN)

Exhibit 10(nnn)

SEVENTH AMENDMENT TO THE
NORTH VALLEY BANCORP 401(K) PLAN

This Seventh Amendment (Amendment) to the North Valley Bancorp 401(k) Plan (Plan) is hereby adopted by North Valley Bancorp (Employer).

RECITAL

Effective as of January 1, 1984, the Employer adopted the Plan.

Effective January 1, 1994, the Plan was restated in its entirety and was subsequently restated in its entirety on February 20, 1997.

OPERATIVE PROVISION

In accordance with the foregoing recitals, the Employer hereby amends the Plan:

Plan section 4.03.A is amended in its entirety effective February 14, 2009, to read as follows:

A.		Employer Contributions—Matching Contributions.

		Each payroll period, the Employer shall contribute to each eligible Participant’s account an amount equal to twenty-five percent (25%) of the Participant’s Elective Deferrals. The maximum amount of Elective Deferrals for which such Matching Contributions will be made is four percent (4%) of Compensation which means that the maximum Matching Contribution will be one percent (1%) of Compensation.

In all other respects, the Plan is hereby ratified, approved and confirmed.

IN WITNESS WHEREOF, the Employer has executed and adopted this Amendment on this 14^th day of February, 2009.


	EMPLOYER:

	NORTH VALLEY BANCORP
	A California corporation

	By: /s/ MICHAEL J. CUSHMAN
	Michael J. Cushman, President/CEO