AMENDED EXECUTIVE SALARY CONTINUATION AGREEMENT
This Amended Executive Salary Continuation Agreement (the “ Agreement ”) is made effective as of December
31, 2006 (the “ Effective Date ”), and is entered into by and between Central Valley Community Bank (the “
Bank ”) and Shirley Wilburn (the “ Executive ”), each a “ Party ” and together the “ Parties .” This
Agreement amends in its entirety that certain Executive Salary Continuation Agreement dated April 1, 2001 by
and between the Bank and Executive, which was subsequently amended by the Parties on February 1, 2005 (as
amended, the “ Prior Agreement ”).
A. The Executive is a valued Executive of the Bank.
B. In 2001, the Bank’s Board of Directors (the “ Board ”) determined that the Executive’s services to the
Bank were valuable, and, accordingly, agreed to make certain payments to the Executive pursuant to the Prior
C. In 2005, the Bank agreed to provide an additional benefit and amended the Prior Agreement.
D. Certain parts of the Agreement are inconsistent with the original intent of the Parties. Accordingly, the
Parties now wish to clarify their original intent by amending the Agreement as provided herein.
E. The Parties intend that this Agreement shall be considered an unfunded arrangement maintained
primarily to provide supplemental retirement benefits for the Executive, and shall be considered a non-qualified
benefit plan for purposes of the tax Code and the Employee Retirement Security Act of 1974, as amended (“
ERISA ”). The Executive is fully advised of the Bank’s financial status and has had input in the design of this
In consideration of the mutual promises, covenants, and agreements contained herein and for other good and
valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows:
The Bank agrees to employ the Executive in