SEPARATION AND RELEASE AGREEMENT
The parties to this Separation and Release Agreement (the "Agreement") are West Coast Bancorp ("Bancorp")
and Victor L. Bartruff ("Bartruff").
a. Bartruff was employed by Bancorp in the position of President and Chief Executive Officer of Bancorp and its
subsidiary, West Coast Bank (the "Bank"). Effective July 16, 1999, Bartruff's employment in such positions with
Bancorp and the Bank is terminated.
b. In recognition of Bartruff's service to Bancorp, and to resolve any and all issues between them arising out of
Bartruff's employment, Bancorp and Bartruff have voluntarily agreed to enter into this Agreement.
3. RESIGNATION FROM BANK AND BOARD.
Effective July 16, 1999, Bartruff resigns from his positions with Bancorp, Bancorp's Board of Directors, and
from his positions with, and Board membership on, any parent, subsidiary or affiliated company of Bancorp,
including the Bank.
As discussed below in Paragraph 4, after July 16, 1999, Bancorp shall employ Bartruff in another capacity
through and including October 31, 1999. Thereafter, Bartruff shall not intentionally seek or accept future
employment or position (including Board membership) with Bancorp or any of its affiliated or successor
organizations or Boards until May 1, 2000.
4. PAYMENT AND BENEFITS TO BARTRUFF.
a. As consideration for other provisions of this Agreement, Bancorp shall employ Bartruff, with current salary and
benefits, through and including October 31, 1999. Bartruff's specific designated duties will be mutually agreed to
by Bartruff and the Board. Bancorp shall provide Bartruff with office space and support services, including a
b. On January 4, 2000, Bancorp shall pay Bartruff a lump sum amount of two hundred seventy five thousand
dollars ($275,000.00). To the extent allowed by any plan documents and existing law, Bartruff may defer the
maximum amount of this payment. Bancorp shall make no withholdings from this lump sum