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