EVERGREENBANK DEFERRED COMPENSATION PLAN
This nonqualified Deferred Compensation Plan (the “Plan”) for eligible management or highly-compensated employees and
Directors of EvergreenBank and EvergreenBancorp, Inc. (both of which are referred to hereinafter as the “Company”), is
designed (1) to permit eligible management or highly-compensated employees of the Company to defer a portion of their
Compensation earned in any calendar year, and (2) to permit Directors to defer all or a portion of their Director’s Fees that would
otherwise be paid to them in a calendar year.
2.1 Administrator. “Administrator” of the Plan means the Administrative Committee appointed by the Board.
2.2 Board. “Board” means each Company’s Board of Directors.
2.3 Committee. “Committee” means the Administrative Committee appointed by the Board.
2.4 Compensation. “Compensation” means, for purposes of this Plan, an Eligible Employee’s total salary or wages,
bonuses and overtime from the Company, before any salary reduction contributions to the Company’s Internal Revenue Code
Section 401(k) Plan and the Company’s Internal Revenue Code Section 125 flexible benefits plan, and the Company’s Code
Section 132(f)(4) transportation fringe benefit plan, if any, but excluding Company contributions to any retirement plan, and
payments by the Company (other than Section 125 contributions) on account of medical, disability and life insurance.
2.5 Director. “Director” means a member of the Board of Directors of a Company sponsoring this Plan.
2.6 Director’s Fees. “Director’s Fees” means any fees earned by a Director of a Company sponsoring this Plan.
2.7 Effective Date. The “Effective Date” of this amended and restated Plan is September 28, 2007, except with respect to the
co-sponsorship of this Plan by EvergreenBancorp, Inc. as to its Eligible Employees, which shall be effective January 1, 2008.
Prior to September 28, 2007, the Company co-sponsored the PEMCO Deferred C