EXHIBIT 10.1
COLUMBIA RIVER BANK
EXECUTIVE SALARY CONTINUATION AGREEMENT
THIS AGREEMENT is adopted effective June 3, 2002 by and between COLUMBIA RIVER BANK, a state-
chartered commercial bank with headquarters in The Dalles, Oregon ("Bank") and ROGER L. CHRISTENSEN
(the "Executive").
R E C I T A L S
WHEREAS, the Executive is an employee of the Bank;
WHEREAS, the Executive's experience and knowledge of the affairs of the Bank and the banking industry are
extensive and valuable;
WHEREAS, the Bank desires to establish a compensation benefit program consisting of salary continuation
benefits for the Executive, to be paid from the Bank's general assets.
WHEREAS, it is deemed to be in the best interests of the Bank to provide the Executive with such benefits, on
the terms and conditions set forth herein, in order to reasonably induce the Executive to remain in the Bank's
employment; and
WHEREAS, the Executive and the Bank wish to specify in writing the terms and conditions upon which this
additional compensatory incentive will be provided to the Executive;
NOW, THEREFORE, in consideration of the services to be performed by the Executive in the future, as well as
the mutual promises and covenants contained herein, the Executive and the Bank agree as follows:
SECTION 1 - Definitions
Whenever used in this Agreement, the following words and phrases shall have the meanings specified:
"Change of Control" means the transfer of shares of the Bank's voting common stock, within twelve (12) months
by the Executive's Termination of Employment for reasons other than death, Disability or retirement, such that
one entity or one person acquires (or is deemed to acquire when applying Section 318 of the Code) "control" of
the Bank's common stock. As used herein, "control" shall mean the acquisition of twenty-five percent (25%) or
more of the voting securities of the Bank or its holding company by any person, or persons acting as a group
within the meaning of Section 13(d) of the Securities Exchange