AMENDMENT NO. 1
WEST COAST BANK
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
DAVID L. PRYSOCK
Adopted: On date of last signature below
Effective: July 1, 2005
TERMS AND CONDITIONS
PARAGRAPH 1 : Subsection (a), “Amount of Benefit,” of Section 3.1, N ORMAL R ETIREMENT B ENEFIT , of the SERP is
amended as set forth on the attached marked copy of page 3 of the SERP to provide that:
PARAGRAPH 2 : This amendment shall be effective as of July 1, 2005.
PARAGRAPH 3 : In all other respects, the SERP is ratified and affirmed.
To evidence the adoption of this Amendment No. 1, it has been signed by the Chair of the Compensation and Personnel
Committee of the Board of Directors of West Coast Bancorp and West Coast Bank on behalf of the Company and by the
A. Effective August 1, 2003, West Coast Bank and West Coast Bancorp (collectively referred to as “the Company”) adopted
a Supplemental Executive Retirement Plan (“SERP”) for David L. Prysock (the “Executive”).
B. The SERP provides that the Executive will receive an annual Normal Retirement Benefit for 15 years. The other benefits
payable under the SERP (Early Voluntary Termination Benefit, Early Involuntary Termination Benefit, Disability Benefit,
Change in Control Benefit and Death Benefit) are all derived from the Normal Retirement Benefit.
C. The Normal Retirement Benefit is a fixed dollar amount that is stated in Schedule A to the SERP. At the time the SERP
was adopted, this dollar amount represented thirty-five percent (35%) of the Executive’s then current base salary.
D. The Company now desires to adjust the Executive’s SERP benefits to reflect the Executive’s current base salary and to
further provide that the Executive’s SERP benefits will be automatically adjusted for future changes in the Executive’s
E. The Executive understands that these changes may make the entire benefit accrued under the SERP subject to the