Document:

EXHIBIT 10.5.3

PACIFIC
STATE BANK

EXECUTIVE SUPPLEMENTAL COMPENSATION 

AGREEMENT

          Effective
this ____ day of _____, 2007, this EXECUTIVE SUPPLEMENTAL COMPENSATION
AGREEMENT (“Agreement”) is adopted by and between PACIFIC STATE BANK (“Bank”),
a bank located in Stockton, California, and organized under the laws of the
State of California, and ______________ (“Executive”), a member of a select
group of management and highly compensated employees of the Bank.  The purpose of this Agreement is to further
the growth and development of the Bank by providing Executive with supplemental
retirement income, and thereby encourage Executive’s productive efforts on
behalf of the Bank and the Bank’s shareholders, and to align the interests of
the Executive and those shareholders.  

          It
is intended that the Agreement be “unfunded” for purposes of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”) and not be
construed to provide income to the participant under the Internal Revenue Code
of 1986, as amended (the “Code”), particularly Section 409A of the Code, prior
to actual receipt of benefits.

Article
1

Definitions and Construction

Where the
following words and phrases appear in the Agreement, they shall have the
respective meanings set forth below, unless their context clearly indicates to
the contrary:

	
 

	
 

	
1.1

	
“Accrued
  Liability Balance” shall mean the amount accrued by the Bank to fund the
  future benefit expense associated with this Agreement.  

	
 

	
 

	
1.2

	
“Board”
  shall mean the Board of Directors of the Bank.

	
 

	
 

	
1.3

	
“Change in
  Control” shall mean:  a change in
  ownership or control of the Bank as defined in Treasury Regulation
  §1.409A-3(g)(5)(i) or any subsequently applicable Treasury Regulation.

	
 

	
 

	
1.4

	
“Code” shall mean the United States
  Internal Revenue Code of 1986, as amended.

	
 

	
 

	
1.5

	
“Disability”
  shall mean Executive (i) is unable to engage in any substantial gainful
  activity by reason of any medically determinable physical or mental
  impairment which can be expected to result in death or can be expected to
  last for a continuous period of not less than 12 months, or (ii) is, by
  reason of any medically determinable physical or mental impairment which can
  be expected to result in death or can be expected to last for a continuous
  period of not less than 12 months, receiving income replacement benefits for
  a period of not less than 3 months under an accident and health plan covering
  employees of the Bank.  Medical
  determination of Disability may be made by either the Social Security Administration
  or by the provider of an accident or health plan covering employees of the
  Bank.  Upon the request of the Plan
  Administrator, the Executive must submit proof to the Plan Administrator of
  Social Security Administration’s or the provider’s determination.

1

	
 

	
 

	
1.6

	
“Early
  Involuntary Termination” shall mean that the Bank terminates Executive’s
  employment, in writing, at any time before Executive’s Normal Retirement Age
  and such termination is not due to death, Disability, a Termination for
  Cause, Early Voluntary Termination, Separation from Service following a
  Change in Control, or an approved leave of absence.  

	
 

	
 

	
1.7

	
“Early Voluntary Termination” shall mean that Executive
  terminates employment with the Bank before the Normal Retirement Age and such
  termination is not due to death, Termination for Cause, Disability, Early
  Involuntary Termination, or Separation from Service following a Change in
  Control.

	
 

	
 

	
1.8

	
“Effective Date” shall mean January
  1, 2007.

	
 

	
 

	
1.9

	
“Normal
  Retirement Age” shall mean the date on which the Executive attains age 65. 

	
 

	
 

	
1.10

	
“Plan
  Administrator” shall mean the plan administrator described in Article 6.

	
 

	
 

	
1.11

	
“Plan Year” shall mean each
  twelve-month period commencing on January 1 and ending on December 31 of each
  year.  The initial Plan Year shall
  commence on the Effective Date of this Plan and end on the following December
  31. 

	
 

	
 

	
1.12

	
“Separation
  from Service” shall mean that the Executive has experienced a Termination of
  Employment from the Bank.  Where the
  Executive continues to perform services for the Bank following a Termination
  of Employment, however, and the facts and circumstances indicate that such
  services are intended by the Bank and the Executive to be more than
  “insignificant” services, a Separation from Service will not be deemed to
  have occurred and any amounts deferred under this Agreement may not be paid
  or made available to the Executive.
  The determination of whether such services are considered
  “insignificant” will be based upon all facts and circumstances relating to
  the termination and upon any applicable rules and regulations issued under
  Section 409A of the Code.  Military
  leave, sick leave, or other bona fide leaves of absence are not generally
  considered terminations of employment. 

	
 

	
 

	
1.13

	
“Termination for Cause” has that meaning set forth in
  Article 5.

	
 

	
 

	
1.14

	
“Termination
  of Employment” shall mean that Executive’s employment with the Bank has
  terminated.

Article
2

Distributions During Executive’s Lifetime

	
 

	
 

	
 

	
2.1

	
Normal Retirement Benefit.  Upon Executive’s attainment of the Normal
  Retirement Age while in the active service of the Company, the Bank shall
  distribute to the Executive the benefit described in this Section 2.1 in lieu
  of any other benefit under this Article. 

	
 

	
 

	
 

	
 

	
2.1.1

	
Amount of Benefit.
The first year retirement benefit under this Section 2.1 is
Eighty-seven thousand, four hundred eighty one dollars ($87,481.00). Commencing on the first
anniversary of the first benefit payment following Termination of Employment,
and continuing on each subsequent anniversary date, the Company’s Board of
Directors shall increase this benefit by two percent (2%) from the previous
anniversary date. 

2

	
 

	
 

	
 

	
 

	
2.1.2

	
Form and
  Timing of Benefit.  The Bank shall distribute the annual
  benefit to the Executive in twelve (12) equal monthly installments,
  commencing on the first day of the month following the Executive’s Normal
  Retirement Age.  The annual benefit
  shall be distributed to the Executive for twenty (20) years.  

	
 

	
 

	
 

	
2.2

	
Early Voluntary Termination Benefit.  Upon the Executive’s Early Voluntary
  Termination, the Company shall pay to the Executive the benefit described in
  this Section 2.2 in lieu of any other benefit under this agreement.

	
 

	
 

	
 

	
 

	
2.2.1 Amount of Benefit. The benefit under this Section 2.2 is the Accrued
Liability Balance, paid in a lump sum amount for the Plan Year ending
immediately prior to the Early Termination Date, subject to the following
vesting schedule: 

	
 

	
 

	
Plan Year 

	
% vested on Accrual Balance

	
1-10

	
0%

	
11 or more

	
100%

	
 

	
 

	
 

	
 

	
2.2.2 Payment of Benefit. The Company shall
pay the benefit to the employee in a lump sum within 30 days following the
Termination of Employment 

	
 

	
 

	
 

	
2.3

	
Early
  Involuntary Termination Benefit.  Upon the Executive’s Early Involuntary
  Termination, the Bank shall distribute to the Executive the benefit described
  in this Section 2.3 in lieu of any other benefit under this Article.

	
 

	
 

	
 

	
2.3.1

	
Amount of Benefit. The benefit under this
Section 2.3 is the Accrued Liability Balance, calculated as of the end of the
Plan Year immediately preceding Executive’s Separation from Service.  

	
 

	
 

	
 

	
 

	
2.3.2

	
Form and
  Timing of Benefit.
  The Bank shall distribute the benefit to the Executive in a lump sum
  within thirty (30) days following Executive’s Separation from Service.

	
 

	
 

	
 

	
2.4

	
Disability Benefit.  Upon Executive’s Separation from Service
  due to Disability, the Bank shall distribute to the Executive the benefit
  described in this Section 2.4 in lieu of any other benefit under this
  Article.

	
 

	
 

	
 

	
2.4.1

	
Amount of Benefit.  The benefit under this Section 2.4 is one
  hundred percent (100%) of the Accrued Liability Balance, determined as of the
  end of the Plan Year immediately preceding notification of Disability and
  subsequent Separation from Service.

	
 

	
 

	
 

	
 

	
2.4.2

	
Form and
  Timing of Benefit.
  The Bank shall distribute the benefit to the Executive in a lump sum
  commencing within thirty (30) days following Separation from Service due to
  Disability.  

	
 

	
 

	
 

	
2.5

	
Change in Control Benefit.  Subject to Section 5.1 herein, upon a
  Change in Control, the Executive shall be entitled to the benefit described
  in this Section 2.5 in lieu of any other benefit under this Article. 

	
  

	
 

	
 

	
 

	
2.5.1

	
Amount of Benefit.
The benefit under this Section 2.5 is the Normal Retirement Benefit
described in Section 2.1.1, calculated as if Executive had remained employed
with the Bank until Executive’s Normal Retirement Age.  

3

	
 

	
 

	
 

	
 

	
2.5.2

	
Form and
  Timing of Benefit. The Bank shall distribute the annual benefit to the Executive at
  the same time and in the same manner as described in Section 2.1 herein.

	
 

	
 

	
 

	
2.6

	
Restriction
on Timing of Distribution. Notwithstanding any provision of this
Agreement to the contrary, distributions to the Executive may not commence
earlier than six (6) months after the date of a Separation from Service
(as described under the “Separation from Service” provision herein) if,
pursuant to Internal Revenue Code Section 409A, Executive is considered a
“specified employee” (under Internal Revenue Code Section 416(i)) of the
Bank if any stock of the Bank is publicly traded on an established securities
market or otherwise. In the event a
distribution is delayed pursuant to this Section 2.3 and Section 2.4 and
Section 2.5, the originally scheduled distribution shall be delayed for 6
months, and shall commence instead on the first day of the seventh month
following Separation from Service. If
payments are scheduled to be made in installments, the first six months of
installment payments shall be delayed, aggregated, and paid instead on the
first day of the seventh month, after which all installment payments shall be
made on their regular schedule. If
payment is scheduled to be made in a lump sum, the lump sum payment shall be
delayed for six months and instead be made on the first day of the seventh
month. 

	
 

	
 

	
 

	
2.7

	
Payments Upon Income Inclusion. Should amounts
deferred under this Agreement become includable in the Executive’s income by
reason of a failure of this Agreement to comply with the requirements of
Section 409A of the Code, the Bank shall distribute to the Executive an
amount necessary to cover the includable amounts, as well as other amounts
necessary to cover FICA, employment, and income taxes, to the extent such
distributions do not exceed the Executive’s vested account balances. 

	
 

	
 

	
 

	
2.8

	
280G Limitation. Notwithstanding any
provision of this Agreement to the contrary, to the extent any benefit herein
would create an excise tax under the excess parachute rules of Section 280G
of the Code, the Company shall reduce the benefit paid under this Agreement
to the extent it would not be an excess parachute payment. 

Article 3

Distribution Upon Death

          Upon
Executive’s Death, no death benefit shall be payable under this Agreement.  

Article 4

Beneficiaries

          Executive’s
beneficiary(ies) shall have no right to benefits under this Agreement.

4

Article 5 

General Limitations

	
 

	
 

	
5.1

	
Termination for Cause.
Notwithstanding any provision of this Agreement to the contrary, the
Bank shall not distribute any benefit under this Agreement if Executive’s
service is terminated by the Board for: 

	
 

	
 

	
 

	
 

	
(a)

	
Gross
  negligence or gross neglect of duties to the Bank; or

	
 

	
 

	
 

	
 

	
(b)

	
Conviction
  of a felony or of a gross misdemeanor involving moral turpitude in connection
  with the Executive’s employment with the Bank; or 

	
 

	
 

	
 

	
 

	
(c)

	
Fraud,
  disloyalty, dishonesty or willful violation of any law or significant Bank
  policy committed in connection with the Executive’s employment or resulting
  in a material adverse effect on the Bank.

	
 

	
 

	
 

	
5.2

	
Suicide or Misstatement.  No benefits shall be distributed if the
  Executive commits suicide within two years after the Effective Date of this
  Agreement, or if an insurance company which issued a life insurance policy
  covering the Executive and owned by the Bank denies coverage (i) for material
  misstatements of fact made by the Executive on an application for such life
  insurance, or (ii) for any other reason.

	
 

	
 

	
5.3

	
Removal. Notwithstanding any provision
of this Agreement to the contrary, the Bank shall not distribute any benefit
under this Agreement if the Executive is subject to a final removal or
prohibition order issued by an appropriate federal banking agency pursuant to
Section 8(e) of the Federal Deposit Insurance Act. 

Article 6

Administration of Agreement 

	
 

	
 

	
6.1  

	
Plan Administrator Duties.
This Agreement shall be administered by a Plan Administrator which
shall consist of the Board, or such committee or person(s) as the Board shall
appoint. The Plan Administrator shall
also have the discretion and authority to (i) make, amend, interpret and
enforce all appropriate rules and regulations for the administra­tion of this
Agreement and (ii) decide or resolve any and all ques­tions including
interpretations of this Agreement, as may arise in connection with the
Agreement.  

	
   

	
   

	
6.2  

	
Agents. In the administration
of this Agreement, the Plan Administrator may employ agents and delegate to
them such administrative duties as it sees fit, (including acting through a
duly appointed representative), and may from time to time consult with
counsel who may be counsel to the Bank.  

	
   

	
   

	
6.3  

	
Binding Effect of Decisions.
The decision or action of the Plan Administrator with respect to any
question arising out of or in connection with the administration, interpretation
and application of the Agreement and the rules and regulations promulgated
hereunder shall be final and conclusive and binding upon all persons having
any interest in the Agreement.  

	
   

	
   

	
6.4  

	
Indemnity of Plan Administrator.
The Bank shall indemnify and hold harmless the members of the Plan
Administrator against any and all claims, losses, damages, expenses or
liabilities arising from any action or failure to act with respect to this
Agreement, except in the case of willful misconduct by the Plan Administrator
or any of its members.  

	
 

	
 

	
6.5

	
Bank
  Information.
  To enable the Plan Administrator to perform its functions, the Bank
  shall supply full and timely information to the Plan Administrator on all
  matters relating to the date and circum­stances of the retirement,
  Disability, or Separation from Service of the Executive, and such other
  pertinent information as the Plan Administrator may reasonably require.

	
 

	
 

	
6.6

	
Annual Statement. The Plan Administrator shall provide to the Executive, within one
hundred twenty (120) days after the end of each Plan Year, a statement
setting forth the benefits to be distributed under this Agreement. 

5

	
 

	
 

	
6.7

	
Arbitration.  All claims, disputes and other matters in
  question arising out of or relating to this Agreement or the breach or
  interpretation thereof, other than those matters which are to be determined
  by the Bank in its sole and absolute discretion, shall be resolved by binding
  arbitration before a representative member, selected by the mutual agreement
  of the parties, of the Judicial Arbitration and Mediation Services, Inc.
  (“JAMS”), located in Santa Monica, California.  In the event JAMS is unable or unwilling to conduct the
  arbitration provided for under the terms of this paragraph, or has
  discontinued its business, the parties agree that a representative member,
  selected by the mutual agreement of the parties of the American Arbitration
  Association (“AAA”) located in Los Angeles, California, shall conduct the
  binding arbitration referred to in this paragraph.  Notice of the demand for arbitration shall be filed in writing
  with the other party to this Agreement and with JAMS (or AAA, if
  necessary).  In no event shall the
  demand for arbitration be made after the date when institution of legal or
  equitable proceedings based on such claim, dispute or other matter in
  question would be barred by the applicable statute of limitations.  The arbitration shall be subject to such
  rules of procedure used or established by JAMS, or if there are none, the
  rules of procedure used or established by AAA.  Any award rendered by JAMS or AAA shall be final and binding
  upon the parties, and as applicable, their respective heirs, beneficiaries,
  legal representatives, agents, successors and assigns, and may be entered in
  any court having jurisdiction thereof.
  The obligation of the parties to arbitrate pursuant to this clause
  shall be specifically enforceable in accordance with, and shall be conducted
  consistently with, the provisions of California Law and Civil Procedure.  Any arbitration hereunder shall be
  conducted in Los Angeles, California, unless otherwise agreed to by the
  parties.

	
 

	
 

	
6.8

	
Attorneys’ Fees. In the event of any arbitration
or litigation concerning any controversy, claim or dispute between the
parties hereto, arising out of or relating to this Agreement or the breach
hereof, or the interpretation hereof, (a) each party shall pay his own
attorneys’ arbitration fees incurred; (b) the prevailing party shall be
entitled to recover from the other party reasonable expenses, attorneys’ fees
and costs incurred in the enforcement or collection of any judgment or award
rendered. The “prevailing party” means any party (one party or both parties,
as the case may be) determined by the arbitrator(s) or court to be entitled
to money payments from the other, not necessarily the party in whose favor a
judgment is rendered. 

	
 

	
 

	
6.9

	
Trust.  Notwithstanding Section 9.6 below, the
  Bank and the Executive acknowledge and agree that, in the event of a Change
  in Control, upon request of the Executive, or in the Bank’s discretion if the
  Executive does not so request and the Bank nonetheless deems it appropriate,
  the Bank shall establish, not later than the effective date of the Change in
  Control, a Rabbi Trust or multiple Rabbi Trusts (the “Trust” or “Trusts”)
  upon such terms and conditions as the Bank, in its sole discretion, deems
  appropriate and in compliance with applicable provisions of the Code, in
  order to permit the Bank to make contributions and/or transfer assets to the
  Trust or Trusts to discharge its obligations pursuant to this Agreement.  The principal of the Trust or Trusts and
  any earnings thereon shall be held separate and apart from other funds of the
  Bank to be used exclusively for discharge of the Bank’s obligations pursuant
  to this Agreement and shall continue to be subject to the claims of the
  Bank’s general creditors until paid to the Executive in such manner and at
  such times as specified in this Agreement.

6

Article
7

Claims And Review Procedures

	
 

	
 

	
 

	
 

	
7.1

	
Claims
  Procedure.  An Executive (“claimant”) who has not received benefits under
  the Agreement that he or she believes should be distributed shall make a
  claim for such benefits as follows:

	
 

	
 

	
 

	
7.1.1

	
Initiation –
  Written Claim.
  The claimant initiates a claim by submitting to the Plan Administrator
  a written claim for the benefits.

	
 

	
 

	
 

	
 

	
7.1.2

	
Timing of
  Plan Administrator Response.
  The Plan Administrator shall respond to such claimant within 90 days
  after receiving the claim.  If the
  Plan Administrator determines that special circumstances require additional
  time for processing the claim, the Plan Administrator can extend the response
  period by an additional 90 days by notifying the claimant in writing, prior
  to the end of the initial 90-day period, that an additional period is
  required.  The notice of extension
  must set forth the special circumstances and the date by which the Plan
  Administrator expects to render its decision.

	
 

	
 

	
 

	
 

	
7.1.3

	
Notice of
  Decision.  If
  the Plan Administrator denies part or all of the claim, the Plan
  Administrator shall notify the claimant in writing of such denial.  The Plan Administrator shall write the
  notification in a manner calculated to be understood by the claimant.  The notification shall set forth:

	
 

	
 

	
 

	
 

	
 

	
(a)

	
The specific
  reasons for the denial;

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
A reference
  to the specific provisions of the Agreement on which the denial is based;

	
 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
A
  description of any additional information or material necessary for the
  claimant to perfect the claim and an explanation of why it is needed;

	
 

	
 

	
 

	
 

	
 

	
 

	
(d)

	
An
  explanation of the Agreement’s review procedures and the time limits
  applicable to such procedures; and

	
 

	
 

	
 

	
 

	
 

	
 

	
(e)

	
A statement
  of the claimant’s right to bring a civil action under ERISA Section 502(a)
  following an adverse benefit determination on review.

	
 

	
 

	
 

	
 

	
7.2

	
Review Procedure. If the Plan Administrator
denies part or all of the claim, the claimant shall have the opportunity for
a full and fair review by the Plan Administrator of the denial, as follows: 

	
 

	
 

	
 

	
7.2.1

	
Initiation –
  Written Request.
  To initiate the review, the claimant, within 60 days after receiving
  the Plan Administrator’s notice of denial, must file with the Plan
  Administrator a written request for review.

	
 

	
 

	
 

	
 

	
7.2.2

	
Additional
  Submissions – Information Access.  The claimant shall then have the
  opportunity to submit written comments, documents, records and other
  information relating to the claim.
  The Plan Administrator shall also provide the claimant, upon request
  and free of charge, reasonable access to, and copies of, all documents,
  records and other information relevant (as defined in applicable ERISA
  regulations) to the claimant’s claim for benefits.

	
 

	
 

	
 

	
 

	
7.2.3

	
Considerations
  on Review.
  In considering the review, the Plan Administrator shall take into
  account all materials and information the claimant submits relating to the
  claim, without regard to whether such information was submitted or considered
  in the initial benefit determination.

7

	
 

	
 

	
 

	
 

	
 

	
7.2.4

	
Timing of
  Plan Administrator Response.  The Plan Administrator shall respond in
  writing to such claimant within 60 days after receiving the request for
  review.  If the Plan Administrator
  determines that special circumstances require additional time for processing
  the claim, the Plan Administrator can extend the response period by an
  additional 60 days by notifying the claimant in writing, prior to the end of
  the initial 60-day period, that an additional period is required.  The notice of extension must set forth the
  special circumstances and the date by which the Plan Administrator expects to
  render its decision.

	
 

	
 

	
 

	
 

	
7.2.5

	
Notice of
  Decision.
  The Plan Administrator shall notify the claimant in writing of its
  decision on review.  The Plan
  Administrator shall write the notification in a manner calculated to be understood
  by the claimant.  The notification
  shall set forth:

	
 

	
 

	
 

	
 

	
 

	
(a)

	
The specific
  reasons for the denial;

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
A reference
  to the specific provisions of the Agreement on which the denial is based;

	
 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
A statement
  that the claimant is entitled to receive, upon request and free of charge,
  reasonable access to, and copies of, all documents, records and other
  information relevant (as defined in applicable ERISA regulations) to the
  claimant’s claim for benefits; and

	
 

	
 

	
 

	
 

	
 

	
 

	
(d)

	
A statement
  of the claimant’s right to bring a civil action under ERISA Section
  502(a).  

Article
8

Amendments and Termination

	
 

	
 

	
 

	
8.1

	
Amendments
  and Termination Generally.  This Agreement may be amended or terminated only by a written
  agreement signed by the Bank and the Executive.  However, the Bank may unilaterally amend or terminate this
  Agreement to conform to written directives to the Bank from its auditors or
  banking regulators, to comply with Section 409A, or if the Bank, in good
  faith, determines that the Executive is no longer part of the “top hat”
  group, as defined by ERISA.

	
 

	
 

	
 

	
8.2

	
Distributions
  upon Termination.
  In the event this Agreement is terminated, except as provided in
  Section 8.3, the termination shall not cause a distribution of benefit
  payments.  Rather, upon such
  termination benefit distributions will be made at the earliest distribution
  event permitted under Article 2 herein.
  Any termination of this Agreement shall not have the effect of either
  reducing or enhancing the Executive’s benefit determined as of the date of
  the Agreement termination.

	
 

	
 

	
 

	
8.3

	
Plan
  Terminations under Section 409A.  Notwithstanding anything to the contrary
  in Section 8.2, the Bank may make distributions under certain circumstances
  following Plan termination under this Section 8.3.  Any such distribution shall be made according to the rules set
  forth in the regulations promulgated under Section 409A of the Code, and
  shall conform to the following requirements:

	
 

	
 

	
 

	
 

	
(a)

	
Within 30
  days before, or 12 months after a Change in Control

	
 

	
 

	
 

	
 

	
(b)

	
Upon the
  Bank’s dissolution or with the approval of a bankruptcy court; or

	
 

	
 

	
 

	
 

	
(c)

	
Upon the
  Bank’s termination of this and all Similar Plans, provided that all
  distributions are made no earlier than 12 months and no later than 24 months
  following such termination, and the Bank does not adopt any new Similar Plans
  for a minimum of 5 years following the date of such termination.  

8

Article 9

Miscellaneous

	
 

	
 

	
9.1

	
Binding
  Effect. This Agreement shall bind the Executive and
  the Bank, and their beneficiaries, survivors, executors, administrators and
  transferees. 

	
 

	
 

	
9.2

	
No Guarantee
  of Employment. This Agreement is not a contract for
  employment. It does not give the Executive the right to remain as an employee
  of the Bank, nor does it interfere with the Bank’s right to discharge the
  Executive. It also does not require the Executive to remain an employee nor
  interfere with the Executive’s right to terminate employment at any time. 

	
 

	
 

	
9.3

	
Non-Transferability.
  Benefits under this Agreement cannot be sold, transferred, assigned, pledged,
  attached or encumbered in any manner. 

	
 

	
 

	
9.4

	
Tax
  Withholding. The Bank shall withhold any taxes that
  are required to be withheld, under Section 409A of the Code and regulations
  thereunder, from the benefits provided under this Agreement. The Executive
  acknowledges that the Bank’s sole liability regarding taxes is to forward any
  amounts withheld to the appropriate taxing authority(ies). 

	
 

	
 

	
9.5

	
Applicable
  Law. The Agreement and all rights hereunder shall be
  governed by the laws of the State of California, except to the extent
  preempted by the laws of the United States of America. 

	
 

	
 

	
9.6

	
Unfunded
  Arrangement. The Executive is a general unsecured
  creditors of the Bank for the distribution of benefits under this Agreement.
  The benefits represent the mere promise by the Bank to distribute such
  benefits. The rights to benefits are not subject in any manner to anticipation,
  alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
  garnishment by creditors. Any insurance on the Executive’s life or other
  informal funding asset is a general asset of the Bank to which the Executive
  has no preferred or secured claim. 

	
 

	
 

	
9.7

	
Reorganization.The Bank shall not merge or consolidate
  into or with another bank, or reorganize, or sell substantially all of its
  assets to another bank, firm, or person unless such succeeding or continuing
  bank, firm, or person agrees to assume and discharge the obligations of the
  Bank under this Agreement. Upon the occurrence of such event, the term “Bank”
  as used in this Agreement shall be deemed to refer to the successor or
  survivor bank. 

	
 

	
 

	
9.8

	
Entire
  Agreement.This
  Agreement constitutes the entire agreement between the Bank and the Executive
  as to the subject matter hereof. No rights are granted to the Executive by
  virtue of this Agreement other than those specifically set forth herein. 

	
 

	
 

	
9.9

	
Interpretation.
  Wherever the fulfillment of the intent and purpose of this Agreement
  requires, and the context will permit, the use of the masculine gender
  includes the feminine and use of the singular includes the plural. 

9

	
 

	
 

	
9.10

	
Alternative
  Action. In the event it shall become impossible for
  the Bank or the Plan Administrator
  to perform any act required by this Agreement, the Bank or Plan Administrator
  may in its discretion perform such alternative act as most nearly carries out
  the intent and purpose of this Agreement and is in the best interests of the
  Bank. 

	
 

	
 

	
 

	
 

	
9.11

	
Headings.
Article and section headings are for convenient reference only and shall not
control or affect the meaning or construction of any of its provisions.  

	
 

	
 

	
9.12

	
Validity.
  In case any provision of this Agreement shall be illegal or invalid for any
  reason, said illegality or invalidity shall not affect the remaining parts
  hereof, but this Agreement shall be construed and enforced as if such illegal
  and invalid provision has never been inserted herein. 

	
 

	
 

	
9.13

	
Notice. Any notice or
filing required or permitted to be given to the Bank or Plan Administrator
under this Agreement shall be sufficient if in writing and hand-delivered, or
sent by registered or certified mail, to the address below:  

	
 

	
Pacific State Bank 

	

	
1899 W. March Lane 

	

	
Stockton, CA 95207

	

 

	
 

	
 

	
 

	
Such notice shall be deemed
  given as of the date of delivery or, if delivery is made by mail, as of the
  date shown on the postmark on the receipt for registration or certification. 

	
 

	
 

	
 

	
Any notice
  or filing required or permitted to be given to the Executive under this
  Agreement shall be sufficient if in writing and hand-delivered, or sent by
  mail, to the last known address of the Executive. 

	
 

	
 

	
9.14

	
Opportunity
  to Consult with Independent Advisors. The Executive
  acknowledges that he has been afforded the opportunity to consult with
  independent advisors of his choosing including, without limitation,
  accountants or tax advisors and counsel regarding both the benefits granted
  to him under the terms of this Agreement and the (i) terms and conditions
  which may affect the Executive’s right to these benefits and (ii) personal
  tax effects of such benefits including, without limitation, the effects of
  any federal or state taxes, Section 280G of the Code, Section 409A of the
  Code and guidance or regulations thereunder, and any other taxes, costs,
  expenses or liabilities whatsoever related to such benefits, which in any of
  the foregoing instances the Executive acknowledges and agrees shall be the
  sole responsibility of the Executive notwithstanding any other term or
  provision of this Agreement. The Executive further acknowledges and agrees
  that the Bank shall have no liability whatsoever related to any such personal
  tax effects or other personal costs, expenses, or liabilities applicable to
  the Executive and further specifically waives any right for himself or
  herself, and his or her heirs, beneficiaries, legal representatives, agents,
  successor and assign to claim or assert liability on the part of the Bank
  related to the matters described above in this Section 9.14. The Executive
  further acknowledges that he has read, understands and consents to all of the
  terms and conditions of this Agreement, and that he enters into this
  Agreement with a full understanding of its terms and conditions. 

10

          IN
WITNESS WHEREOF, the Executive and a duly authorized representative of the Bank
have signed this Agreement. 

	
 

	
 

	
 

	
 

	
EXECUTIVE:

	
 

	
           BANK: 

	
 

	
 

	
 

	
 

	
 

	
           PACIFIC STATE BANK 

	
 

	
 

	
 

	
 

	
 

	
           By 

	
 

	

	
 

	
 

	

	
 

	
 

	
 

	
Title 

	
 

	
 

	

	
 

	
 

11EXHIBIT 10.5.4

PACIFIC STATE BANK

SPLIT DOLLAR LIFE INSURANCE AGREEMENT

          THIS
SUPPLEMENTAL LIFE INSURANCE AGREEMENT (the “Agreement”) is adopted this _______
day of___________________, 2007, by and between PACIFIC STATE BANK, a bank
organized under the laws of the State of California, located in Stockton,
California (the “Bank”), and _________________ (the “Executive”). 

          The
purpose of this Agreement is to retain and reward the Executive, by dividing
the death proceeds of certain life insurance policies which are owned by the
Bank on the life of the Executive with the designated beneficiary of the
Executive. The Bank will pay the life insurance premiums from its general
assets. 

          Death
proceeds payable under this Agreement shall be paid solely by the Insurer from
the proceeds of any Policy(ies) on the life of the Insured. In no event shall
the Bank be obligated to pay a death benefit under this Agreement from its
general funds. Should an Insurer refuse or be unable to pay death proceeds
endorsed to Insured under the express terms of this Agreement, or should the
Bank cancel the Policy(ies) for any reason, Executive’s Beneficiary(ies) shall
not be entitled to a death benefit.

Article
1

Definitions

	
 

	
 

	
 

	
Whenever
  used in this Agreement, the following terms shall have the meanings
  specified:

	
 

	
 

	
1.1

	
“Accrued
  Liability Balance” shall mean the amount accrued by the Bank to fund the
  future benefit expense associated with the Executive Supplemental
  Compensation Agreement 

	
 

	
 

	
1.2

	
“Bank’s
  Interest” means the benefit set forth in Section 2.1.

	
 

	
 

	
1.3

	
“Beneficiary”
means each designated person, or the estate of the deceased Executive,
entitled to benefits, if any, upon the death of the Executive. 

	
 

	
 

	
1.4

	
“Beneficiary
  Designation Form” means the form established from time to time by the
  Plan Administrator that the Executive completes, signs and returns to the
  Plan Administrator to designate one or more Beneficiaries.

	
 

	
 

	
1.5

	
“Board”
  means the Board of Directors of the Bank as from time to time constituted.

	
 

	
 

	
1.6

	
“Executive’s
  Interest” means the benefit set forth in Section 2.2.

	
 

	
 

	
1.7

	
“Insurer”
means the insurance company issuing the Policy on the life of the Executive. 

	
 

	
 

	
1.8

	
“Net Death Proceeds” means the total death proceeds of the Policy minus the greater of
(i) the cash surrender value or (ii) the aggregate premiums paid by the Bank. 

	
 

	
 

	
1.9

	
“Normal
  Retirement Age” means the Executive attaining age 65.

	
 

	
 

	
1.10

	
“Policy”
  or “Policies” means the individual insurance policy or policies
  adopted by the Bank for purposes of insuring the Executive’s life under this
  Agreement.

1

Article 2

Policy Ownership/Interests/Insurer/Assignment

	
 

	
 

	
 

	
2.1

	
Bank’s Interest. The Bank shall own the Policies and shall
have the right to exercise all incidents of ownership, including the right to
terminate the Policy(ies) without the consent of the Executive. The Bank
shall be the beneficiary of the remaining death proceeds of the Policies
after the Executive’s Interest is determined according to Section 2.2 below. 

	
 

	
 

	
2.2

	
Executive’s
  Interest. The Executive shall have the right to
  designate the beneficiary of the death proceeds. The Executive shall also
  have the right to elect and change settlement options that may be permitted.
  Upon the termination of this Agreement according to Article 7 herein, the
  Executive, the Executive’s transferee or the Executive’s beneficiary shall
  have no rights or interests in the Policy and no death benefit shall be paid
  under this Section 2.2. 

	
 

	
 

	
 

	
 

	
2.2.1 Death
  During Active Service. If the Executive dies while in the active service
  of the Bank, the Bank shall pay to the Executive’s beneficiary One Million,
  One Hundred Fifty Three Thousand, Two Hundred Twenty One Dollars
  ($1,153,221), upon the death of the Executive. 

	
 

	
 

	
 

	
 

	
 

	
2.2.2 Death
  During Payment of a Benefit under the Executive Supplemental Compensation
  Agreement. If the Executive dies after any benefit payments have
  commenced under Article 2 of the Executive Supplemental Compensation
  Agreement, dated ______________________, but before receiving all such
  payments, the Bank shall cease paying the remaining benefit, if any, and
  shall then pay to the Executive’s beneficiary a split dollar death benefit
  equal to the remaining Accrued Liability Balance under the Executive
  Supplemental Compensation Agreement.

	
 

	
 

	
 

	
 

	
 

	
2.2.3 Death
  After Termination of Employment But Before Commencement of Payment under the
  Executive Supplemental Compensation Plan. If the Executive is
  entitled to a benefit under Article 2 of the Executive Supplemental
  Compensation Agreement, but dies prior to the commencement of said benefit
  payments, the Bank shall pay no benefit under the Executive Supplemental
  Compensation Agreement but shall pay to the Executive’s beneficiary the split
  dollar death benefit described in Section 2.2.1 of this Agreement.

	
 

	
 

	
 

	
2.3

	
Offer to
  Purchase. If the Bank discontinues a Policy during
  the course of this Agreement, the Bank shall give the Executive at least
  thirty (30) days to purchase such Policy. The purchase price shall be the
  fair market value of the Policy, as determined under Treasury Reg.
  §1.61-22(g)(2) or any subsequent applicable authority. Such notification
  shall be in writing. Upon discontinuation of a policy, this Agreement shall
  also terminate.

	
 

	
 

	
 

	
2.4

	
Insurer. The
Insurer shall be bound only by the terms of the Policy. Any payments the
Insurer makes or actions it takes in accordance with the Policy shall fully
discharge it from all claims, suits and demands of all entities or persons.
The Insurer shall not be bound by or be deemed to have notice of the
provisions of this Agreement. 

2

	
 

	
 

	
2.5

	
Assignment.
  The Executive may assign without consideration all of the Executive’s
  interests in the Policy and in this Agreement to any person, entity or trust.
  In the event the Executive transfers all of the Executive’s interest in the
  Policy, then all of the Executive’s interest in the Policy and in the
  Agreement shall be vested in the Executive’s transferee, who shall be
  substituted as a party hereunder and the Executive shall have no further
  interest in the Policy or in this Agreement.

Article 3

Premiums and Imputed Income

	
 

	
 

	
3.1

	
Premium
  Payment. The Bank shall pay all premiums due on all
  Policies. 

	
 

	
 

	
3.2

	
Economic
  Benefit. The Bank shall determine the economic
  benefit attributable to the Executive based on the life insurance premium
  factor for the Executive’s age multiplied by the aggregate death benefit
  payable to the Beneficiary. The “life insurance premium factor” is the
  minimum factor applicable under guidance published pursuant to Treasury Reg.
  § 1.61-22(d)(3)(ii) or any subsequent authority.

	
 

	
 

	
3.3

	
Imputed Income. The Bank shall impute the economic benefit to the Executive on an
annual basis, by adding the economic benefit to the Executive’s W-2, or if
applicable, Form 1099. 

Article 4

General Limitations

	
 

	
 

	
4.1

	
Termination
  for Cause. Notwithstanding any provision of this
  Agreement to the contrary, the Executive shall forfeit any right to a benefit
  under this Agreement if the Bank terminates the Executive’s employment for
  cause. Termination of the Executive’s employment for “Cause” shall mean
  termination because of personal dishonesty, willful misconduct, breach of
  fiduciary duty involving personal profit, intentional failure to perform
  stated duties, willful violation of any law, rule or regulation (other than
  traffic violations or similar offenses) or final cease-and-desist order or
  material breach of any provision of the Agreement. For purposes of this
  paragraph, no act or failure to act on the Executive’s part shall be
  considered “willful” unless done, or omitted to be done, by the Executive not
  in good faith and without reasonable belief that the Executive’s action or
  omission was in the best interest of the Bank.

	
 

	
 

	
4.2

	
Removal.
  Notwithstanding any provision of this Agreement to the contrary, the
  Executive’s rights in the Agreement shall terminate if the Executive is
  subject to a final removal or prohibition order issued by an appropriate
  federal banking agency pursuant to Section 8(e) of the Federal Deposit
  Insurance Act (“FDIA”).

	
 

	
 

	
4.3

	
Suicide or
  Misstatement. No benefits shall be payable if the Executive
  commits suicide within two years after the date of this Agreement, or if the
  insurance company denies coverage (i) for material misstatements of fact made
  by the Executive on any application for life insurance purchased by the Bank,
  or (ii) for any other reason; provided, however that the Bank shall evaluate
  the reason for the denial, and upon advice of legal counsel and in its sole
  discretion, consider judicially challenging any denial.

3

Article 5

Beneficiaries

	
 

	
 

	
5.1

	
Beneficiary.
  The Executive shall have the right, at any time, to designate a
  Beneficiary(ies) to receive any benefits payable under the Agreement upon the
  death of the Executive. The Beneficiary designated under this Agreement may
  be the same as or different from the beneficiary designation under any other
  Agreement of the Bank in which the Executive participates.

	
 

	
 

	
5.2

	
Beneficiary
  Designation; Change. The Executive shall designate a
  Beneficiary by completing and signing the Beneficiary Designation Form, and
  delivering it to the Bank or its designated agent. The Executive’s
  beneficiary designation shall be deemed automatically revoked if the
  Beneficiary predeceases the Executive or if the Executive names a spouse as
  Beneficiary and the marriage is subsequently dissolved. The Executive shall
  have the right to change a Beneficiary by completing, signing and otherwise
  complying with the terms of the Beneficiary Designation Form and the Bank’s
  rules and procedures, as in effect from time to time. Upon the acceptance by
  the Bank of a new Beneficiary Designation Form, all Beneficiary designations
  previously filed shall be cancelled. The Bank shall be entitled to rely on
  the last Beneficiary Designation Form filed by the Executive and accepted by
  the Bank prior to the Executive’s death.

	
 

	
 

	
5.3

	
Acknowledgment.
  No designation or change in designation of a Beneficiary shall be effective
  until received, accepted and acknowledged in writing by the Bank or its
  designated agent.

	
 

	
 

	
5.4

	
No
  Beneficiary Designation. If the Executive dies
  without a valid designation of beneficiary, or if all designated
  Beneficiaries predecease the Executive, then the Executive’s surviving spouse
  shall be the designated Beneficiary. If the Executive has no surviving
  spouse, the benefits shall be made payable to the personal representative of
  the Executive’s estate.

	
 

	
 

	
5.5

	
Facility of Payment. If the Bank determines in its discretion
that a benefit is to be paid to a minor, to a person declared incompetent, or
to a person incapable of handling the disposition of that person’s property,
the Bank may direct payment of such benefit to the guardian, legal
representative or person having the care or custody of such minor,
incompetent person or incapable person. The Bank may require proof of
incompetence, minority or guardianship as it may deem appropriate prior to
distribution of the benefit. Any payment of a benefit shall be a payment for
the account of the Executive and the Executive’s Beneficiary, as the case may
be, and shall be a complete discharge of any liability under the Agreement
for such payment amount. 

Article 6

Claims And Review Procedure

	
 

	
 

	
 

	
6.1

	
Claims
  Procedure. The Executive or Beneficiary (“claimant”)
  who has not received benefits under the Agreement that he or she believes
  should be paid shall make a claim for such benefits as follows:

	
 

	
 

	
 

	
 

	
6.1.1

	
Initiation –
  Written Claim. The claimant initiates a claim by
  submitting to the Bank a written claim for the benefits.

4

	
 

	
 

	
 

	
 

	
 

	
6.1.2

	
Timing of
  Bank Response. The Bank shall respond to such
  claimant within 90 days after receiving the claim. If the Bank determines
  that special circumstances require additional time for processing the claim,
  the Bank can extend the response period by an additional 90 days by notifying
  the claimant in writing, prior to the end of the initial 90-day period, that
  an additional period is required. The notice of extension must set forth the
  special circumstances and the date by which the Bank expects to render its
  decision.

	
 

	
 

	
 

	
 

	
 

	
6.1.3

	
Notice of
  Decision. If the Bank denies part or all of the
  claim, the Bank shall notify the claimant in writing of such denial. The Bank
  shall write the notification in a manner calculated to be understood by the
  claimant. The notification shall set forth:

	
 

	
 

	
 

	
 

	
 

	
 

	
(a)

	
The specific
  reasons for the denial;

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
A reference
  to the specific provisions of the Agreement on which the denial is based;

	
 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
A
  description of any additional information or material necessary for the
  claimant to perfect the claim and an explanation of why it is needed;

	
 

	
 

	
 

	
 

	
 

	
 

	
(d)

	
An
  explanation of the Agreement’s review procedures and the time limits
  applicable to such procedures; and

	
 

	
 

	
 

	
 

	
 

	
 

	
(e)

	
A statement
  of the claimant’s right to bring a civil action under ERISA Section 502(a)
  following an adverse benefit determination on review.

	
 

	
 

	
 

	
 

	
6.2

	
Review
  Procedure. If the Bank denies part or all of the
  claim, the claimant shall have the opportunity for a full and fair review by
  the Bank of the denial, as follows:

	
 

	
 

	
 

	
 

	
 

	
6.2.1

	
Initiation –
  Written Request. To initiate the review, the
  claimant, within 60 days after receiving the Bank’s notice of denial, must
  file with the Bank a written request for review.

	
 

	
 

	
 

	
 

	
 

	
6.2.2

	
Additional
  Submissions – Information Access. The claimant shall
  then have the opportunity to submit written comments, documents, records and
  other information relating to the claim. The Bank shall also provide the
  claimant, upon request and free of charge, reasonable access to, and copies
  of, all documents, records and other information relevant (as defined in
  applicable ERISA regulations) to the claimant’s claim for benefits.

	
 

	
 

	
 

	
 

	
 

	
6.2.3

	
Considerations
  on Review. In considering the review, the Bank shall
  take into account all materials and information the claimant submits relating
  to the claim, without regard to whether such information was submitted or
  considered in the initial benefit determination.

	
 

	
 

	
 

	
 

	
 

	
6.2.4

	
Timing of
  Bank’s Response. The Bank shall respond in writing
  to such claimant within 60 days after receiving the request for review. If
  the Bank determines that special circumstances require additional time for
  processing the claim, the Bank can extend the response period by an
  additional 60 days by notifying the claimant in writing, prior to the end of
  the initial 60-day period, that an additional period is required. The notice
  of extension must set forth the special circumstances and the date by which
  the Bank expects to render its decision.

5

	
 

	
 

	
 

	
 

	
 

	
6.2.5

	
Notice of
  Decision. The Bank shall notify the claimant in
  writing of its decision on review. The Bank shall write the notification in a
  manner calculated to be understood by the claimant. The notification shall
  set forth:

	
 

	
 

	
 

	
 

	
 

	
 

	
(a)

	
The specific
  reasons for the denial;

	
 

	
 

	
 

	
 

	
 

	
 

	
(b)

	
A reference
  to the specific provisions of the Agreement on which the denial is based;

	
 

	
 

	
 

	
 

	
 

	
 

	
(c)

	
A statement
  that the claimant is entitled to receive, upon request and free of charge,
  reasonable access to, and copies of, all documents, records and other
  information relevant (as defined in applicable ERISA regulations) to the claimant’s
  claim for benefits; and

	
 

	
 

	
 

	
 

	
 

	
 

	
(d)

	
A statement
  of the claimant’s right to bring a civil action under ERISA Section 502(a).

Article 7

Amendments And Termination

	
 

	
 

	
 

	
This
  Agreement may be amended or terminated only by a written agreement signed by
  the Bank and the Executive, or upon termination of the Policy. In the event
  that the Bank decides to maintain the Policy after termination of the
  Agreement, the Bank shall be the direct beneficiary of the entire death
  proceeds of the Policy.

Article 8

Administration

	
 

	
 

	
8.1

	
Plan
  Administrator Duties. This Agreement shall be
  administered by a Plan Administrator which shall consist of the Board, or
  such committee or persons as the Board may choose. The Plan Administrator
  shall also have the discretion and authority to (i) make, amend, interpret
  and enforce all appropriate rules and regulations for the administration of
  this Agreement and (ii) decide or resolve any and all ques­tions including
  interpretations of this Agreement, as may arise in connection with this
  Agreement.

	
 

	
 

	
8.2

	
Agents.
  In the administration of this Agreement, the Plan Administrator may employ
  agents and delegate to them such administrative duties as it sees fit,
  (including acting through a duly appointed representative), and may from time
  to time consult with counsel who may be counsel to the Bank.

	
 

	
 

	
8.3

	
Binding
  Effect of Decisions. The decision or action of the
  Plan Administrator with respect to any question arising out of or in
  connection with the administration, interpretation and application of this
  Agreement and the rules and regulations promulgated hereunder shall be final
  and conclusive and binding upon all persons having any interest in this
  Agreement.

	
 

	
 

	
8.4

	
Indemnity of
  Plan Administrator. The Bank shall indemnify and
  hold harmless the members of the Plan Administrator against any and all
  claims, losses, damages, expenses or liabilities arising from any action or
  failure to act with respect to this Agreement, except in the case of willful
  misconduct by the Plan Administrator or any of its members.

	
 

	
 

	
8.5

	
Information.
  To enable the Plan Administrator to perform its functions, the Bank shall
  supply full and timely information to the Plan Administrator on all matters
  relating to the Base Salary of the Executive, the date and circumstances of
  the retirement, Disability, death or Separation from Service of the
  Executive, and such other pertinent information as the Plan Administrator may
  reasonably require.

6

Article 9

Miscellaneous

	
 

	
 

	
9.1

	
Binding
  Effect. This Agreement shall bind the Executive and
  the Bank, their beneficiaries, survivors, executors, administrators and
  transferees and any Beneficiary.

	
 

	
 

	
9.2

	
No Guarantee
  of Employment. This Agreement is not an employment
  policy or contract. It does not give the Executive the right to remain an
  Executive of the Bank, nor does it interfere with the Bank’s right to
  discharge the Executive. It also does not require the Executive to remain an
  Executive nor interfere with the Executive’s right to terminate employment at
  any time.

	
 

	
 

	
9.3

	
Applicable
  Law. The Agreement and all rights hereunder shall be
  governed by and construed according to the laws of the State of California,
  except to the extent preempted by the laws of the United States of America.

	
 

	
 

	
9.4

	
Reorganization. The Bank shall not merge or consolidate into or with another company, or
reorganize, or sell substantially all of its assets to another company, firm
or person unless such succeeding or continuing company, firm or person agrees
to assume and discharge the obligations of the Bank under this Agreement.
Upon the occurrence of such event, the term “Bank” as used in this Agreement
shall be deemed to refer to the successor or survivor company. 

	
 

	
 

	
9.5

	
Notice.
  Any notice or filing required or permitted to be given to the Bank under this
  Agreement shall be sufficient if in writing and hand-delivered, or sent by
  registered or certified mail, to the address below:

	
 

	
Pacific State Bank

	

	
1899 W. March Lane

	

	
Stockton, CA 95207

	

	
 

	

	
 

	
 

	
 

	
Such notice
  shall be deemed given as of the date of delivery or, if delivery is made by
  mail, as of the date shown on the postmark or the receipt for registration or
  certification.

	
 

	
 

	
 

	
Any notice
  or filing required or permitted to be given to the Executive under this
  Agreement shall be sufficient if in writing and hand-delivered, or sent by
  mail, to the last known address of the Executive.

	
 

	
 

	
9.6

	
Entire Agreement. This Agreement, along with the
Executive’s Beneficiary Designation Form, constitutes the entire agreement
between the Bank and the Executive as to the subject matter hereof. No rights
are granted to the Executive under this Agreement other than those
specifically set forth herein.  

7

          IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date
indicated above.

	
 

	
 

	
 

	
 

	
 

	
PACIFIC
  STATE BANK

	
 

	
 

	
 

	
 

	
 

	
By 

	

	
 

	

	
Executive

	
 

	
 

	
 

	
 

	
Title 

	
 

	
 

	

8

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