WEST COAST BANCORP
EXECUTIVES’ DEFERRED COMPENSATION PLAN
(Interim Plan Document for Operational Compliance with the
American Jobs Creation Act)
Effective as of January 1, 2005
1. P URPOSE . The purpose of this interim plan document is to provide the documentation demonstrating the good faith
compliance by West Coast Bancorp (“Bancorp”) with the requirements of the American Jobs Creation Act (the “Act”),
pending the issuance of guidance by the Department of the Treasury and the Internal Revenue Service regarding the
specific plan language required for compliance with the Act. Bancorp intends to supplant this interim plan document with
a formal, permanent plan document following the issuance of that guidance. Bancorp intends to adopt the formal,
permanent plan document within the amendment compliance period that may be announced by the Department of the
Treasury or the Internal Revenue Service.
2. E FFECTIVE D ATE . This interim plan document will be effective January 1, 2005, with respect to amounts deferred after
December 31, 2004.
3. G ENERAL T ERMS AND C ONDITIONS . This interim document incorporates by reference the terms and conditions of the
West Coast Bancorp Executives’ Deferred Compensation Plan as adopted January 1, 1996, and as amended through
Amendment No. 3 (the “1996 Plan”), to the extent those terms and conditions are consistent with the Act, except that the
provisions of the following sections shall supersede any provisions of the 1996 Plan to the contrary.
4. D EFERRALS OF P ERFORMANCE -B ASED C OMPENSATION .
(a) Elections to defer performance-based compensation (as defined under regulations or other guidance issued under
the Act) shall be made no later than six months before the end of the compensation computation period (which
shall be a period of at least 12 months).
(b) This section will also apply to commissions to the extent required by regulations or other gui