EXHIBIT 10.16
SECURITY NATIONAL BANK AND TRUST CO.
AMENDED AND RESTATED 1988 DEFERRED COMPENSATION PLAN
Adopted effective June 30, 1988
Amended and restated effective March, 1996
SECURITY NATIONAL BANK AND TRUST CO.
AMENDED AND RESTATED 1988 DEFERRED COMPENSATION PLAN
SECURITY NATIONAL BANK AND TRUST CO. (the "Bank") established the 1988 Deferred
Compensation Plan (the "Plan") for the benefit of eligible officers and directors, effective June 30, 1988. The
Bank hereby amends and restates the Plan, effective as of March __, 1996, as follows:
Section 1. Administration. The Plan shall be administered by the Executive Committee of the Board of Directors
of the Bank. The term "Committee" as used in this Plan document and any amendments to it shall mean such
committee. The Committee shall have full power to administer this Plan; and all determinations and actions of the
Committee shall be made by a majority of its members.
Section. 2. Participation. Any director of the Bank and any officer of the Bank designated by the Committee shall
be eligible to elect to become a Participant in this Plan; except that the Board of Directors of the Bank at any time
and for any period may exclude any such individual from participating (other than with respect to amounts already
credited or elected to be credited to his Deferred Compensation Account under this Plan). Any person who
becomes a Participant shall become a former Participant upon termination of service with the Bank (or its Board
of Directors) and receipt of the benefits to which he is entitled under the terms of this Plan.
Section 3. Annual Election. Each eligible officer and director may elect in writing, in the manner prescribed by the
Committee, on or before December 31 of each calendar year (or, in the case of a person who has not previously
been an eligible officer or director, on or before the date such person becomes an eligible officer or director) (the
"Deferral Election Date"), to become a Participant and defer the Bank's payment