SALARY CONTINUATION AGREEMENT
FOR WCB POLICYMAKING EXECUTIVE OFFICERS
This SALARY CONTINUATION AGREEMENT ("Agreement) is dated as of April 1, 2001 (the "Effective
Date"). The parties to the Agreement ("Parties") are West Coast Bancorp ("Bancorp"), West Coast Bank
("Bank"), and Richard R. Rasmussen ("Executive").
A. Executive is employed by Bank in a managerial capacity, presently holding the position of Executive Vice
President and General Counsel.
B. Bancorp and Bank (collectively, "Company") wishes to ensure the continued availability of Executive's
services in the event of a change in control of Bancorp, in order to assist Bancorp in maximizing the benefits
obtainable from such a change.
C. To encourage Executive's continued services, Bancorp wishes to provide an incentive for Executive's
Therefore, the parties agree as follows:
1. EFFECTIVE DATE AND TERM. As of the Effective Date, this Agreement is a binding obligation of the
parties and is not subject to revocation or amendment, except by mutual consent or in accordance with its terms.
The term of this Agreement begins on the Effective Date and ends on the second March 31 after the Effective
Date (March 31, 2003); provided however, that commencing on the first March 31 after the Effective Date (such
date and each anniversary thereof herein referred to as the "Renewal Date), and on each March 31 thereafter, the
term of this Agreement shall be automatically extended for an additional one year period, unless prior to the
Renewal Date the Company shall give written notice to the Executive that this Agreement has been terminated. If
a definitive agreement providing for a Change in Control (as defined below) is entered into on or before the
expiration of the term of this Agreement, the term of this Agreement will be automatically extended to a date, if
later than the expiration date then in effect, 24 months after the consummation of the Change in Control, and the