Prepared by R.R. Donnelley Financial -- EX-10.9




 Exhibit 10.9 

AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 
 This
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of November 19, 2013 (“Effective Date”), between Bank of Commerce Holdings (the “Company”) and Redding Bank of Commerce (the
“Bank”), (together referred to as “Employer”), and Randy S. Eslick (hereinafter referred to as “Executive”). 

WITNESSETH: 
 WHEREAS, the
Bank and Executive were party to an Employment Agreement dated October 14, 2008, whereby Executive served as the Regional President of the Bank; and 

WHEREAS, Employer desires to employ Executive in the capacity hereinafter stated and Executive desires to continue in the employ of Employer
in such capacity, for the period and on the terms and conditions set forth herein, and the Company desires to be a party to the Agreement: 

NOW, THEREFORE, in consideration of the promises and of the mutual covenants and conditions herein contained, the parties hereto, intending to
be legally bound do hereby agree as follows: 
  

	1.	EMPLOYMENT DUTIES AND AUTHORITY 

 The Employer hereby employs Executive as its President
and Chief Executive Officer, and Executive accepts such employment. Executive agrees to perform the duties that are customarily performed by the President and Chief Executive Officer of a bank holding company and a state chartered banking
institution and accepts all other duties described herein or as prescribed by the Employer’s Board of Directors, and agrees to discharge the same faithfully and to the best of his ability and the highest and best standards of the banking
industry, in accordance with the policies of the Employer’s Articles of Incorporation, Bylaws, Policies and Procedures. Executive shall devote his full business time and attention to the business and affairs of Employer for which he is employed
and shall perform the duties thereof to the best of his ability. Except as permitted by the prior written consent of the Employer’s Board of Directors, Executive shall not directly or indirectly render any services of a business, commercial or
professional nature to any other person, firm or corporation, whether for compensation or otherwise, which are in conflict with Employer’s interests. Executive shall have such responsibility and duties and such authority to transact business on
behalf of Employer, as are customarily incident to the office of President and Chief Executive Officer of a bank holding company and a state chartered banking institution. 
  

	2.	TERM 

 Employer hereby employs Executive, and Executive hereby accepts employment with
Employer for the period of three years, and automatically extending for a one-year period (the “Term”), commencing November 19, 2013 with such Term being subject to prior termination as herein provided. 

Where used herein, “Term” shall refer to the entire period of employment of Executive by Employer, whether for the period provided
above, or whether terminated earlier as hereinafter provided, or extended by mutual agreement in writing by Employer and Executive. 

  
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	3.	EXECUTIVE COMPENSATION 

 In consideration for all services to be rendered by Executive to
Employer, Employer agrees to pay Executive a starting base salary of $265,000.00 when the Executive is seated. 
 Employer’s Board of
Directors shall in its sole and absolute discretion determine any increases in Executive’s base salary annually. Executive’s salary shall be paid semi-monthly. Employer shall deduct there from all taxes which may be required to be deducted
or withheld under any provision of the law (including, but not limited to, social security payments and income tax withholding) now in effect or which may become effective anytime during the term of this Agreement. 

Executive shall be entitled to participate in any and all other employee benefits and plans that may be developed and adopted by Employer and
in which Executive is eligible to participate under the terms of such plans, including Employer’s Cash Incentive (“Profit Sharing”) Plan. 

Employer agrees to provide Executive with an automobile within a predetermined value established from time to time by the Executive
Compensation Committee of the Employer. Employer agrees to cover all operating expenses including insurance and maintenance. Executive is entitled to replace such vehicle every three years. Upon termination, for any reason, the Executive will be
entitled to purchase the vehicle at the net book value at that time. Employer agrees to provide Executive with a housing allowance within a predetermined value established from time to time by the Executive Compensation Committee of the Employer.
Employer agrees to reimburse Executive for all ordinary and customary expenses for entertainment, meals, travel, cellular phone, and incidental business expense in accordance with Employer’s policy. Reasonable costs incurred for professional
education, publications, seminars, meetings and special social entertainment shall also be reimbursed in accordance with Employer’s policy. 
  

	4.	COUNTRY CLUB MEMBERSHIP 

 Employer agrees to reimburse Executive for reasonable country
club membership dues, in accordance with Employer’s policy. 
  

	5.	INSURANCE 

 Employer agrees to provide Executive with health and life insurance benefits
that are now or may hereinafter be in effect for all other full-time employees subject to the eligibility requirements of the plans. Employer may also obtain a “key-man” life insurance policy on the life of Executive which shall be a
general asset of the employer and to which Executive and the Executive’s beneficiary will have no preferred or secured claim. 
  

	6.	VACATION 

 Executive shall be entitled to accrue five (5) weeks of during each year
of which at least two (2) weeks must be taken in a consecutive period. Vacation benefits shall not accrue above six weeks at any time. Once this six week maximum is reached, vacation will stop accruing until vacation is taken. 

 

	7.	TERMINATION 

 Employer shall have the right to terminate this Agreement for any of the
following reasons by serving written notice upon Executive: 
 (a) Breach of, habitual neglect of, failure to perform, or inability to
perform, Executive duties and obligations as President and Chief Executive Officer. 

  
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 (b) Illegal conduct, constituting a crime involving moral turpitude, conviction of a felony, or
any conduct detrimental to the interests of the Employer. 
 (c) Physical or mental disability rendering Executive incapable of performing
his duties for a consecutive period of 180 days (during which time Executive shall continue to receive his base salary and other benefits, provided his accrued sick leave has first been exhausted), or by death; or 

(d) Determination by Employer’s Board of Directors that the continued employment of Executive is detrimental to the best interests of the
Employer, or for any reason whatsoever as determined by Employer’s Board of Directors and in the sole and absolute discretion of the Employer’s Board of Directors. 

In the event this Agreement is terminated for any of the reasons specified in the paragraphs (a), (b), or (c) above, Executive shall be
paid six months total compensation package calculated as of the date of the Executive’s termination, plus any accrued profit sharing and vacation accrued to, but not taken as of date of the termination. In the event this Agreement is terminated
for any reason specified in paragraph (d) above, Executive shall be entitled to severance pay in an amount equal to twelve months of Executive’s then total compensation package to be paid in one lump sum. In the event this Agreement is
terminated for any of the reasons specified above, the Executive agrees to resign from all board memberships of the Company immediately. Total compensation package is defined as current salary, cash incentive profit sharing, insurance, automobile
expense, country club membership and other ordinary and customary perquisites. 
 In either case, the health insurance benefits provided
herein shall be extended at the Employer’s sole cost for the eighteen (18) months after which the Executive is terminated. 
 The
total compensation package and benefits referenced in the preceding paragraph are collectively referred to herein as “Severance.” Executive acknowledges and agrees that any Severance provided upon termination is in lieu of all damages,
payments and liabilities on account of the early termination of this Agreement and is the sole and exclusive remedy for Executive other than rights, if any, to exercise any of the stock options vested prior to such termination, and shall only be
paid, within ninety (90) days after his separation from service with Employer. subject to Executive’s execution and delivery to Employer, within such ninety (90) day period, of a complete release of all claims Executive may have
against the Employer, its officers, directors, agents, employees, predecessors, successors, parents, subsidiaries, and affiliates. If the ninety (90) day period referred to in the immediately preceding sentence begins in one calendar year and
ends in the following calendar year, then the payment shall be made in the latter calendar year. 
 If upon termination of employment
Executive chooses to arbitrate any claims pursuant to Section 17, Executive shall be deemed to have waived Executive’s right, if any, to severance. 

Executive shall give ninety (90) days prior notice, in writing, to Employer in the event Executive resigns or voluntarily terminates
employment, or takes early retirement. 
  

	8.	CHANGE OF CONTROL BENEFITS 

 In the event there is a Change of Control, as defined below,
prior to December 31, 2013 and the Executive’s responsibilities and duties are diminished in any capacity the Executive is entitled to terminate this Agreement and will be paid, in a single lump sum, severance equal to one (1) year
total compensation package as 

  
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of the date of the Executive’s termination. In the event there is a Change of Control, as defined below, on or after January 1, 2014 and the Executive’s responsibilities and duties
are diminished in any capacity the Executive is entitled to terminate this Agreement and will be paid, in a single lump sum, severance equal to two (2) years total compensation package as of the date of the Executive’s termination.
Executive acknowledges and agrees that such payment is in lieu of all damages, payments and liabilities on account of the early termination of this Agreement and is the sole and exclusive remedy for Executive (other than rights, if any, to exercise
any of the stock options vested prior to such termination), and shall only be paid , within ninety (90) days after his separation from service with Employer, subject to Executive’s execution and delivery to Employer, within such ninety
(90) day period, of a complete release of all claims Executive may have against the Employer, its officers, directors, agents, employees, predecessors, successors, parents, subsidiaries, and affiliates. If the ninety (90) day period
referred to in the immediately preceding sentence begins in one calendar year and ends in the following calendar year, then the payment shall be made in the latter calendar year. If upon termination of employment Executive chooses to arbitrate any
claims pursuant to Section 17, Executive shall be deemed to have waived Executive’s right, if any, to severance. 
 “Change
in Control” means (i) a Change in the Ownership of the Relevant Corporation, (ii) a Change in the Effective Control of the Relevant Corporation, or (iii) or a Change in the Ownership of a Substantial Portion of the Assets of the
Relevant Corporation. The events giving rise to the Change in Control must be objectively determinable, and the Board, in a ministerial capacity, shall certify there is a Change in Control only when the events giving rise to the Change in Control
are objectively determinable. The Board shall not have any discretionary authority to certify that there has been a Change in Control except as provided in the preceding sentence. Notwithstanding anything to the contrary, (i) the term
“Change in Control” shall be interpreted in accordance with Section 409A; (ii) any event which constitutes a “Change in Control” under Section 409A shall constitute a “Change in Control” for purposes of
this Agreement; (iii) and any event which does not constitutes a “Change in Control” under Section 409A shall not constitute a “Change in Control” for purposes of this Agreement. 

Excess Parachute Payment. Notwithstanding any provision of this Agreement to the contrary, Employer shall not pay any benefit under
this Agreement to the extent the benefit would create an excise tax under the excess parachute rules of Section 280G of the code. 
  

	9.	CONFIDENTIAL INFORMATION AND NONDISCLOSURE 

 (a) Confidential Information.
Employer has and will develop and own certain Confidential Information, which has a great value in its business. Employer also has and will have access to Confidential Information of its customers. 

“Customers” shall mean any persons or entities for whom Employer performs services or from whom Employer obtains information.
Confidential Information includes information disclosed to Executive during the course of his employment, and information developed or learned by Executive during the course of his employment. 

Confidential Information is broadly defined and includes all information which has or could have commercial value or other utility in
Employer’s business or the businesses of Employer’s customers. Confidential Information also includes all information which could be detrimental to the interests of Employer or its customers if it were disclosed. 

By example and without limitation, Confidential Information includes all information concerning loan information, Customer data, including but
not limited to Customer and supplier identities, Customer characteristics or agreements and Customer lists, applicant data, employment categories, job classifications, employment histories, job analyses and validations, preferences, credit history,


  
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agreements, and any personally identifiable information related to Customers; any information provided to Executive by a Customer, including but not limited to electronic information, documents,
software, and trade secrets; historical sales information; advertising and marketing materials and strategies; financial information related to Employer, Customers, Customer’s employees or any other party; labor relations strategies; research
and development strategies and results, including new materials research; pending projects and proposals; production processes; scientific or technological data, formulae and prototypes; employee data; pricing and product information; computer data
information; inventory levels and products; supplier information and data; testing techniques; processes; formulas; trade secrets; inventions; discoveries; improvements; specifications; data, know-how, and formats; marketing plans; pending projects
and proposals; business plans; computer processes; computer programs and codes; technological data; strategies; forecasts; budgets; and projections. 

(b) Protection of Confidential Information. Executive agrees that at all times during and after his employment by Employer, Executive
will keep confidential and not disclose to any third party or make any use of the Confidential Information of Employer or its customers, except for the benefit of Employer or its customers and in the course of his employment. In the event Executive
is required by law to disclose such information described in this paragraph, Executive will provide Employer and its legal counsel with immediate notice of such request so that Employer may consider seeking a protective order. For purposes of this
Agreement, the disclosure of any Confidential Information, at any time except as required by law shall be considered to be “unfair competition”. Executive also agrees not to remove or permit the removal of Confidential Information from
Employer’s place of business without the express written authorization of an Officer of Employer or its authorized representative. Executive acknowledges that he is aware that the unauthorized disclosure of Confidential Information of Employer
or its customers may be highly prejudicial to their interests, an invasion of privacy, and an improper disclosure of trade secrets and financial information in violation of state and federal law. 

(c) Return of Property. In the event Executive’s employment with Employer is terminated (voluntarily or otherwise), Executive
agrees to inform Employer of all documents and other data relating to his employment which is in his possession and control and to deliver promptly all such documents and data to Employer. 

(d) Sanctions for Unauthorized Taking of Trade Secrets. Executive understands that taking of Employer’s trade secrets is a crime
under California Penal Code section 449(c) and could also result in civil liability under California’s Uniform Trade Secrets Act (Civil Code sections 3426-3426.11), and that willful misappropriation may result in an award against Executive of
triple the amount the Employer’s damages and Employer’s attorney fees for collecting such damages. 
 (e) Injunctive Relief.
Executive acknowledges that breach of this Section may cause Employer irreparable harm for which money is inadequate compensation. Executive therefore agrees that Employer will be entitled to injunctive relief, without the necessity of posting a
bond, to enforce this Section and this Agreement, in addition to damages and other available remedies, and Executive consents to such injunctive relief pursuant to this Section 9. 

(f) Solicitation of Bank Customers. Executive agrees that in the event his employment with the Bank shall terminate for any reason, he
shall not, for a period of one year, make known to, or call on, solicit or take away, or attempt to call on, solicit or take away on behalf of any person, firm or corporation which is in competition, either directly or indirectly, with the Bank, any
existing customers of the Bank or individuals or entities with whom the Bank is negotiating for the Bank’s services. This provision may be enforced either through injunction or specific performance of this Agreement by the Bank. In the event of
a Change in Control, Executive shall be unconditionally released from all of his duties and obligations under this paragraph. 

  
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	10.	INDEMNIFICATION 

 To the extent permitted by law, Employer shall indemnify Executive if
he was or is a party or is threatened to be made a party in any such action brought by a third party against Executive (whether or not Employer is joined as a party defendant) against expenses, judgments, fines, settlements and other amounts
actually and reasonably incurred with said action if Executive acted in good faith and in a manner Executive reasonably believed to be in the best interest of Employer (and with respect to a criminal proceeding if Executive had no reasonable cause
to believe his conduct was unlawful), provided that the alleged conduct of Executive arose out of and was within the course and scope of his employment as an officer or employee of Employer. 

 

	11.	NOTICES 

 Any notice, request, demand, or other communication required or permitted
hereunder shall be deemed to be properly given when personally served in writing, when deposited in the U.S. mail, postage prepaid, or when communicated to a public telegraph company for transmittal, addressed as follows: 

 

			
	 To Employer:
	  	 Bank of Commerce Holdings
 Redding Bank of
Commerce
 1901 Churn Creek Road
 Redding, California 96002

Attention: Board of Directors

		
	 To Executive:
	  	 Randy S. Eslick
 1901 Churn Creek Road

Redding, California 96002


 Any party hereto may change its or his address for purposes of this Section by giving notice in accordance
herewith. 
  

	12.	BENEFIT OF AGREEMENT 

 This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective executors, administrators, successors and assigns. 
  

	13.	APPLICABLE LAW 

 This Agreement is made and entered into in the State of California, and
the laws of said State shall govern the validity and interpretation hereof. 
  

	14.	CAPTIONS AND PARAGRAPH HEADINGS 

 Captions and paragraph headings used herein are for
convenience only and are not a part of this Agreement and shall not be used in construing it. 
  

	15.	INVALID PROVISIONS 

 Should any provision of this Agreement for any reason be declared
invalid, void, or unenforceable by a court of competent jurisdiction, the validity and binding effect of any remaining portions shall not be affected and the remaining portions of this Agreement shall remain in full force and effect as if this
Agreement had been executed with said provision eliminated. 

  
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	16.	ENTIRE AGREEMENT 

 This Agreement and the Executive Salary Continuation Agreement between
Executive and Employer, contain the entire Agreement of the parties and supersede any and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Executive by Employer, except to the extent that
it is contemplated that Executive and Employer may enter into a stock option agreement. Each party to this Agreement acknowledges that no representations, promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on
behalf of any party, which is not embodied herein, and that no other agreement, statement, or promise not contained in this Agreement shall be valid or binding. This Agreement may not be modified or amended by oral agreement, but only by an
agreement in writing signed by the Employer and Executive. 
  

	17.	NEGOTIATION — MEDIATION 

 The parties will attempt in good faith to resolve promptly
any dispute, controversy, or claim arising out of or relating to this contract or any claimed breach thereof by direct negotiation between principals of the parties who have authority to settle the controversy. To facilitate such negotiations, it is
agreed that a disputing party shall give the other party written notice of the dispute providing reasonable particularity with respect to all issues deemed to be controverted or disputed. Within ten (10) days after such notice is given, the
principals of the parties shall meet at a mutually acceptable time and place, and thereafter as often as those individuals reasonably deem necessary to exchange relevant information and attempt to resolve all disputes. 

If the disputes have not been resolved within thirty (30) days after the disputing party gives notice, or if the party receiving notice
declines to meet, either party may initiate mediation of the controversy, claim or dispute in accordance with the following mediation provisions. Upon failure of the negotiations as set forth above, the parties to this contract agree to mediate any
dispute, controversy or claim arising out of this contract or relating to the work undertaken pursuant to this contract prior to resorting to arbitration as hereinafter provided. Mediation is a process in which parties attempt to resolve a dispute
by submitting it to an impartial, neutral mediator who is authorized to facilitate the resolution of the dispute, but who is not empowered to impose a settlement on the parties. 

The parties shall attempt to mutually agree upon an impartial mediator, which mediator shall be appointed jointly and compensated equally by
the parties. In the event the parties are unable to agree on an impartial mediator, then and in that event each party shall submit to the other a list with two (2) names of retired judges who will mediate in Shasta County, and have no ongoing
professional or business relationship with either of the parties. 
 From the lists, the parties shall, in turn, beginning with the
Executive, cross unacceptable names from the list until such time as a potential mediator remains. The potential remaining mediator shall then be contacted to determine if he/she is available and willing to act as mediator. Should none of the
original list of mediators be available, new lists shall be prepared and the process again undertaken. 
 Following mediation or in the
event that for any reason no mediation has been held, all disputes, controversies or claims shall be resolved by binding arbitration as hereinafter set forth. If a party commences an arbitration or court action based on a dispute or claim as to
which this section applies, without first attempting to resolve the matter through mediation, then and in that event, such party shall not be entitled to recover attorney’s fees, costs or expert fees, even if they would otherwise be available
to that party in any such arbitration or court action. 

  
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	18.	ARBITRATION 

 Any controversy among parties arising from or relating to the performance
or interpretation of this contract is subject to binding arbitration. The parties hereto are bound, each to the other, by this arbitration clause. The parties therefore agree that any dispute, controversy or claim, in law or equity, arising between
themselves out of this contract pursuant to this contract which is not settled through mediation must be decided by neutral binding arbitration and not by court action, except as provided by the California Law for Judicial Review of Arbitration
Proceedings. 
 On the demand of the arbitrator or any party to an arbitration initiated under the arbitration provisions of this contract,
each party hereto shall be bound by this arbitration provision and agrees to join in, become a party to, and be bound by such arbitration. 

Arbitration shall be conducted under and pursuant to the provisions of California Code of Civil Procedure § 1280, et seq., including the
provisions of § 1283.05, as are in effect at the time of the arbitration, and judgment may be entered on the award as therein provided. 

If any party refuses or neglects to appear at or participate in arbitration after reasonable notice, the arbitrator may decide the controversy
in accordance with whatever evidence is presented by the party or parties who do participate. The arbitrator may award any remedy that is just and equitable in the arbitrator’s opinion. The arbitrator will award to the prevailing party or
parties such sums as are proper to compensate for the time, expense, and trouble of arbitration, including arbitration fees, attorney fees and costs, and expert fees. The arbitrator will retain jurisdiction of a controversy even if a party or
parties to the dispute will not or cannot be joined in the arbitration proceedings. 
  

	19.	IRC SECTION 409A – REQUIRED DELAY IN PAYMENTS 

 If Executive is a “specified
employee” as defined in Section 409A of the U.S. Internal Revenue Code of 1986, as amended, and U.S. Treasury regulations promulgated thereunder (“Section 409A Rules”), then any amounts subject to the Section 409A rules that
are otherwise required to be paid to him upon his separation from service (as defined in the Section 409A Rules) shall not be paid until the date that is six (6) months after the date of his separation from service of, if earlier, the date
of his death. 
  

	20.	ATTORNEYS’ FEES AND COSTS 

 In the event of litigation, arbitration or any other
action or proceeding between the parties to interpret or enforce this Agreement or any part thereof or otherwise arising out of or relating to this Agreement, the prevailing party shall be entitled to recover its costs related to any such action or
proceeding and its reasonable fees of attorneys, accountants and expert witnesses incurred by such party in connection with any such action or proceeding. The prevailing party shall be deemed to be the party which obtains substantially the relief
sought by final resolution, compromise or settlement, or as may otherwise be determined by order of a court of competent jurisdiction in the event of litigation, an award or decision of one or more arbitrators in the event of arbitration, or a
decision of a comparable official in the event of any other action or proceeding. 
 EXECUTIVE AND EMPLOYER AGREE THAT BY ENTERING INTO THIS
AGREEMENT, EXECUTIVE AND EMPLOYER KNOWINGLY AND VOLUNTARILY WAIVE THEIR RIGHTS TO A TRIAL BY A JUDGE OR JURY. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first
above written. 
 EMPLOYER: 
  

							
	BANK OF COMMERCE HOLDINGS	 	        REDDING BANK OF COMMERCE
				
	By:	 	 /s/ Lyle L. Tullis
	 	        By:	 	 /s/ Lyle L. Tullis

	Name: 	 	Lyle L. Tullis	 	        Name: 	 	Lyle L. Tullis
	Title:	 	Chairman of the Board	 	        Title:	 	Chairman of the Board

 EXECUTIVE: 
 RANDY S.
ESLICK 
 /s/ Randy
Eslick                                        
                 

  
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