EX-10.6B




 Exhibit 10.6B 
 SECOND AMENDMENT 
 TO THE 

FIRST UNITED SECURITY BANK 
 SALARY CONTINUATION AGREEMENT 
 FOR 

R. TERRY PHILLIPS 
 THIS SECOND AMENDMENT is adopted this 30th day of June, 2011, by and among United Security Bancshares, Inc., a Delaware corporation (“USB”), First United Security Bank, a state-chartered
commercial bank located in Thomasville, Alabama (“FUSB”) (USB and FUSB collectively are referred to herein as the “Company”), and R. TERRY PHILLIPS (the “Executive”). 

The Company and the Executive executed the First United Security Bank Salary Continuation Agreement on September 20, 2002, effective
as of September 1, 2002, and the First Amendment to the First United Security Bank Salary Continuation Agreement on November 20, 2008, effective as of January 1, 2005 (the “Agreement”). 

The undersigned hereby amend the Agreement, effective as of June 30, 2011, as follows: 

1. The following shall be inserted as the second paragraph in Section 2.2.1: 

“Notwithstanding the foregoing or any provision in this Agreement to the contrary, in the event the Executive has a
Termination of Employment on or after June 30, 2011, the amount of the annual benefit to which the Executive is entitled upon Early Termination under this Section 2.2 is Seventy-Five Thousand Dollars ($75,000).” 

2. Schedule A of the Agreement shall be deleted in its entirety and replaced with the attached Schedule A. 

3. All other terms and provisions of the Plan not herein modified or amended shall remain in full force and effect. 

IN WITNESS OF THE ABOVE, the Company and the Executive hereby consent to this Second Amendment to the First United Security Bank
Salary Continuation Agreement. 
  

							
			
	Executive:	 		 	First United Security Bank
				
	 /s/ R.Terry Phillips
	 		 	By:	 	 /s/ Hardie B. Kimbrough

	R. Terry Phillips	 		 	Title:	 	 /s/ Chairman of the Board

			
		 		 	United Security Bancshares, Inc.
				
		 		 	By:	 	 /s/ Hardie B. Kimbrough

		 		 	Title:	 	 /s/ Chairman of the Board



  
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 Attachment 1 

First United Security Bank Salary Continuation Plan - Schedule A as of June 30, 2011 

(R. Terry Phillips) 

  
 A-1











																															
	Plan Year Reporting	 
		 	 Salary Continuation Plan
 Schedule A
  
	   

  
 

	 R. Terry Phillips
	   

	 Birth Date: 2/13/1954 
	   
	  	 	Early Voluntary Termination	  	  	 	Disability	  	  	 	Change in Control	  
	 Plan Anniversary Date: 9/1/2003
	   
	  				 				  				 				  				 			
	 Normal Retirement: 2/13/2019, Age 65
	   
	  	 	Annual Benefit/2/	  	  	 	Annual Benefit/2/	  	  	 	Annual Benefit/2/	  
	 Normal Retirement Payment: Monthly for 15 Years
	   
	  	 	Amount Payable at	  	  	 	Amount Payable at	  	  	 	Amount Payable at	  
	 	 	  	Normal Retirement Age	 	  	Normal Retirement Age	 	  	Normal Retirement Age	 
	Values as of	 	 Age
	  	Benefit
Level	 	  	Vesting	 	 	Based On
Benefit	 	  	Vesting	 	 	Based On
No Benefit	 	  	Vesting	 	 	Based On
No Benefit	 
	 	 	(1)	  	(2)	 	  	(3)	 	 	(4)	 	  	(5)	 	 	(6)	 	  	(7)	 	 	(8)	 
	 Aug 2003/1/
	 	49	  	 	102,511	  	  	 	20.00	% 	 	 	20,502	  	  	 	100	% 	 	 	102,511	  	  	 	100	% 	 	 	192,001	  
	 Aug 2004
	 	50	  	 	106,611	  	  	 	40.00	% 	 	 	42,645	  	  	 	100	% 	 	 	106,611	  	  	 	100	% 	 	 	192,001	  
	 Aug 2005
	 	51	  	 	110,876	  	  	 	60.00	% 	 	 	66,526	  	  	 	100	% 	 	 	110,876	  	  	 	100	% 	 	 	192,001	  
	 Aug 2006
	 	52	  	 	115,311	  	  	 	80.00	% 	 	 	92,249	  	  	 	100	% 	 	 	115,311	  	  	 	100	% 	 	 	192,001	  
	 Aug 2007
	 	53	  	 	119,923	  	  	 	100.00	% 	 	 	119,923	  	  	 	100	% 	 	 	119,923	  	  	 	100	% 	 	 	192,001	  
	 	 
	 Aug 2008
	 	54	  	 	124,720	  	  	 	100.00	% 	 	 	124,720	  	  	 	100	% 	 	 	124,720	  	  	 	100	% 	 	 	192,001	  
	 Aug 2009
	 	55	  	 	129,709	  	  	 	100.00	% 	 	 	129,709	  	  	 	100	% 	 	 	129,709	  	  	 	100	% 	 	 	192,001	  
	 Aug 2010
	 	56	  	 	134,897	  	  	 	100.00	% 	 	 	134,897	  	  	 	100	% 	 	 	134,897	  	  	 	100	% 	 	 	192,001	  
	 Jun 2011
	 	57	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	
	 Starting July 1, 2011, only interest is
accrued.
   
	   

   

	 Aug 2011
	 	57	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 Aug 2012
	 	58	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 	 
	 Aug 2013
	 	59	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 Aug 2014
	 	60	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 Aug 2015
	 	61	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 Aug 2016
	 	62	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 Aug 2017
	 	63	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 	 	 	  	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 	  	 	 	 	 	 	 	 
	 Aug 2018
	 	64	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	 Feb 2019
	 	65	  	 	75,000	  	  	 	100.00	% 	 	 	75,000	  	  				 				  				 			
	
	 February 13, 2019 Retirement; March 1, 2019 First Payment Date

 
	   
 


  

	/1/	The first line reflects 12 months of data, September 2002 to August 2003. 


	/2/	The annual benefit amount will be distributed in 12 equal monthly payments for a total of 180 monthly payments.