Amendment to Supplemental Executive Retirement Plan with Rich Hieb

Contract Categories: Human Resources - Retirement Agreements
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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