PACIFIC CAPITAL BANCORP AMENDED AND RESTATED INCENTIVE AND
INVESTMENT AND SALARY SAVINGS PLAN
January 1, 2001 Restatement
The Pacific Capital Bancorp Amended and Restated Incentive and Investment and Salary Savings Plan as established and
effective January 1, 2007, is hereby further amended, effective on January 1, 2009, in the following respects:
1. Article VII is the Plan is amended by renumbering Section 7.17 to become Section 7.18.
2. Article VII of the Plan is amended to add a new Section 7.17 to provide as follows:
7.17 Application of §415 Regulations (adopted in 2007)
A) Effective Date. The provisions of this Article III shall apply to limitation years beginning on and after July 1, 2007.
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B) §415 Compensation paid after severance from employment. §415 Compensation shall be adjusted, as set forth herein
for the following types of compensation paid after a Participant’s severance from employment with the employer
maintaining the Plan (or any other entity that is treated as the Employer pursuant to Code § 414(b), (c), (m) or (o)).
However, amounts described in subsections (1) and (2) below may only be included in §415 Compensation to the
extent such amounts are paid by the later of 2 1 / 2 months after severance from employment or by the end of the
limitation year that includes the date of such severance from employment. Any other payment of compensation paid
after severance of employment that is not described in the following types of compensation is not considered §415
Compensation within the meaning of Code §415(c)(3), even if payment is made within the time period specified above.
(1) Regular Pay. §415 Compensation shall include regular pay after severance of employment if:
(a) The payment is regular compensation for services during the participant’s regular working hours, or
compensation for services outside the participant’s regular working hours (such