Temecula Valley Bank Executive Officer Salary Continuation Plan Amendment
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Salary Continuation Agreements
Summary
Temecula Valley Bank's Board of Directors has approved an increase in annual payments under existing salary continuation plans for executive officers Donald A. Pitcher, Martin E. Plourd, and Thomas M. Shepherd. The payout will rise from $80,000 to $100,000 per year. These changes will be formally documented through amendments to the current agreements as soon as possible.
EX-10.1 2 a5505348ex10-1.txt EXHIBIT 10.1 Exhibit 10.1 - Executive Officer Compensation The Board of Directors of Temecula Valley Bank, upon the recommendation of the Executive Officer Compensation Committee, approved an increase of the pay out amount under existing salary continuation plans from $80,000 to $100,000 per year for the following executive officers: Donald A. Pitcher Martin E. Plourd Thomas M. Shepherd As soon as practical, these changes will be documented in amendments to existing agreements.
