Third Amendment to Employment Agreement between Umpqua Bank and Tory Nixon

Summary

This amendment extends the employment agreement between Umpqua Bank and officer Tory Nixon, originally set to expire on December 31, 2020, to a new expiration date of December 31, 2024, unless terminated earlier as specified in the original agreement. All other terms of the employment agreement remain unchanged.

EX-10.3.C 2 umpq-20201231xex103c.htm THIRD AMENDMENT TO EMPLOYMENT AGREEMENT WITH TORY NIXON Document

EXHIBIT 10.3.c

AMENDMENT TO

EMPLOYMENT AGREEMENT

This Amendment to Employment Agreement (the “Amendment”) is dated effective September 28, 2020 and amends the Employment Agreement by and between Umpqua Bank and the undersigned officer (as previously amended, the “Employment Agreement”).

1. The purpose of this Amendment is to extend the term of the Employment Agreement, which is set to expire December 31, 2020.

2 The duration of the Employment Agreement is hereby amended and extended to December 31, 2024, unless sooner terminated as set forth in the Employment Agreement.

3. Except as specifically set forth herein, the Employment Agreement shall continue in full force and effect as written.

UMPQUA BANK

By: /s/ Cort O’Haver

Name: Cort O’Haver

Title: Chief Executive Officer

OFFICER

/s/ Tory Nixon

Name: Tory Nixon