First Amendment to PremierWest Bank Supplemental Executive Retirement Plan Agreement with Richard Hieb

Summary

This amendment, dated December 18, 2008, modifies the Supplemental Executive Retirement Plan Agreement between PremierWest Bancorp, PremierWest Bank, and executive Richard Hieb. The amendment changes the benefit period in Section 3.2 from 15 years to 15 years and 7 months. All other terms of the original agreement remain unchanged and in effect.

EX-10.10.2 4 ex10102.htm EXHIBIT 10.10.2 f10kprwt031609draft.htm - Generated by SEC Publisher for SEC Filing

Exhibit 10.10.2

FIRST AMENDMENT TO
PREMIERWEST BANK
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT
 (SERP)

           This First Amendment dated December 18, 2008 (this “Amendment”), amends the Supplemental Executive Retirement Plan Agreement (SERP) by and between PremierWest Bancorp (“Bancorp”), PremierWest Bank (“Bank”, and together with Bancorp, “Company”) and Richard Hieb (the “Executive”) dated December 13, 2007 (the “Agreement”).

1.           Section 3.2 of the Agreement is amended to revise the two references to “15 years” to “15 years,
              7 months.”

2.           Except as specifically set forth herein, the Agreement as previously executed shall continue in
              full force and effect as written. Terms not otherwise defined in this Amendment shall have the
              meanings set forth in the Agreement.

          IN WITNESS WHEREOF, the parties have executed this Amendment as of the date first written above.

PREMIERWEST BANCORP  EXECUTIVE 
 
 
By:__________________________________ ______________________________
             James Ford  Richard Hieb 
             President and Chief Executive Officer   
 
PREMIERWEST BANK   
 
 
By:_________________________________   
             James Ford   
             President and Chief Executive Officer   

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