Schedule of Base Salaries and Benefits for Named Executive Officers of Placer Sierra Bancshares
This document outlines the annual base salaries for the named executive officers of Placer Sierra Bancshares, including the CEO, CFO, President/COO, EVP/General Counsel, and President of the Southern California Division. In addition to their salaries, these executives are eligible for discretionary bonuses under the 2007 Executive Annual Incentive Plan, automobile allowances, club dues, 401(k) and profit sharing allocations, health care, life insurance, and participation in the 2002 Stock Option Plan.
EXHIBIT 10.32
BASE SALARIES OF NAMED EXECUTIVE OFFICERS OF THE REGISTRANT
The Compensation Committee of Placer Sierra Bancshares (“PLSB”) has set the following base salaries (on an annual basis) for our named executive officers:
| Frank J. Mercardante Chief Executive Officer | $540,000 | |
| David E. Hooston Chief Financial Officer | $300,000 | |
| Randall E. Reynoso President, Chief Operating Officer | $300,000 | |
| Angelee J. Harris EVP, General Counsel | $250,000 | |
| Marshall J. Laitsch President, Southern California Division | $250,000 | |
Each of the named executive officers will be eligible to receive a discretionary bonus for 2007 pursuant to the Registrant’s 2007 Executive Annual Incentive Plan. In addition, each of the named executive officers receives an automobile allowance. PLSB also pays the country club dues for Mr. Laitsch and the city club dues for Mr. Reynoso.
Like all employees of PLSB, each of the named executive officers is also eligible to receive an allocation pursuant to PLSB’s 401(k) and Profit Sharing Plan and health care costs. The named executives also receive life insurance, premiums of which are paid by PLSB.
Each of the named executive officers is also eligible to participate in the PLSB 2002 Stock Option Plan.
