Document:

Exhibit
      10.1

    AMENDED
      AND RESTATED

    EXECUTIVE
      SALARY CONTINUATION AGREEMENT

     

    This
      amended and restated executive salary agreement (“Agreement”) by and between
      United Security Bank, a California banking corporation (the “Employer”), and
      Dennis R. Woods, an individual residing in the State of California (hereinafter
      referred to as the “Executive”) amends and restates the executive salary
      continuation agreement (“Original Agreement”) made and entered into on July 3,
      1996, by and between Employer and Executive.

    

    RECITALS

    

    WHEREAS,
      the Executive is an employee of the Employer and is serving as its President
      and
      Chief Executive Officer;

    

    WHEREAS,
      the Executive and the Employer entered into the Original Agreement, and the
      parties wish to make such amendments to the Original Agreement so as to comply
      with Section 409A of the Internal Revenue Code of 1986, as amended (“Code”) and
      the regulations promulgated thereunder.

    

    NOW,
      THEREFORE, in consideration of the services to be performed in the future,
      as
      well as the mutual promises and covenants contained herein, the Executive and
      the Employer agree as follows:

    

    AGREEMENT

    

    
      	1.	
              Terms
                and Definitions.

            

    

    

    1.1
      Administrator.
      The
      Employer shall be the “Administrator” and, solely for the purposes of ERISA, the
“fiduciary” of this Agreement where a fiduciary is required by
      ERISA.

    

    1.2
      Annual
      Benefit.
      The term
“Annual Benefit” shall mean an annual sum of one hundred thousand dollars
      ($100,000) multiplied by the Applicable Percentage (defined below) and then
      reduced to the extent required: (i) under the other provisions of this
      Agreement; (ii) by reason of the lawful order of any regulatory agency or body
      having jurisdiction over the Employer; and (iii) in order for the Employer
      to
      properly comply with any and all applicable state and federal laws, including,
      but not limited to, income, employment and disability income tax laws (eg.,
      FICA, FUTA, SDI).

    

    1.3
      Applicable
      Percentage.
      The term
“Applicable Percentage” shall mean that percentage listed on Schedule “A”
attached hereto which is adjacent to the number of complete years (with a “year”
being the performance of personal services for or on behalf of the Employer
      as
      an employee for a period of 365 days) which have elapsed starting from the
      Effective Date and ending on the date the Executive’s employment is terminated
      for purposes of this Agreement. In the event the Executive’s employment with the
      Employer is terminated other than by reason of death, disability, termination
      for cause or Retirement on the part of the Executive,
      the Executive shall be deemed for purposes of determining the number of complete
      years to have completed a year of service in its entirety for any partial year
      of service after the last anniversary date of the Effective Date during which
      the Executive’s employment is terminated, provided that in no event shall the
      Executive be deemed to have completed a year of service for the partial year
      that occurs prior to the first anniversary date of the Original Agreement.
      

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    1.4
      Beneficiary.
      The term
“beneficiary” or “designated beneficiary” shall mean the person or persons whom
      the Executive shall designate in a valid beneficiary designation (“Beneficiary
      Designation”), a copy of which is attached hereto as Exhibit “B”, to receive the
      benefits provided hereunder. A Beneficiary Designation shall be valid only
      if it
      is in the form attached hereto and made a part hereof and is received by the
      Administrator prior to the Executive’s death. 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. Upon the acceptance by the Administrator of a new
      Beneficiary Designation Form, all Beneficiary designations previously filed
      shall be cancelled. The Administrator shall be entitled to rely on the last
      Beneficiary Designation Form filed by the Executive and accepted by the
      Administrator prior to the Executive’s death.

    

    1.5
      The
      Code.
      The
“Code” shall mean the Internal Revenue Code of 1986, as amended (the
“Code”).

    

    1.6
      Disability/Disabled.
      The term
“Disability” or “Disabled” means disabled within the meaning of Internal Revenue
      Code section 409A and regulations promulgated thereunder.

    

    1.7
      Effective
      Date.
      The term
“Effective Date” shall mean the date upon which the Original Agreement was
      entered into by the parties.

    

    1.8
      ERISA.
      The term
“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
      amended.

    

    1.9
      Plan
      Year.
      The term
“Plan Year” shall mean the Employer’s calendar year.

    

    1.10
      Retirement.
      The term
“Retirement” or “Retires” shall refer to the date on which the Executive (i)
      attains the age of at least sixty-one (61) and (ii) terminates full-time
      salaried employment with the Employer for any reason other than Termination
      for
      Cause and such termination constitutes a Separation of Service.

    

    1.11
      Separation
      of Service.
      The term
“Separation from Service” means the Executive’s service as an executive and/or
      independent contractor to the Employer and any member of a controlled group
      that
      includes Employer, as defined in Code section 414, terminates for any reason,
      other than because of a leave of absence approved by the Company, Disability
      or
      the Executive’s death. Whether a Separation from Service takes place is
      determined based (i) on the facts and circumstances surrounding the termination
      of the Executive’s employment, (ii) whether the Employer and the Executive
      intended for the Executive to provide significant services for the Employer
      following such termination and (iii) the application of facts and circumstances
      in view of the presumptions contained in the regulations to section 409A of
      the
      Code. For purposes of this Agreement, if there is a dispute about the employment
      status of the Executive or the date of the Executive’s Separation from Service,
      the Employer shall have the sole and absolute right to decide the
      dispute.

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    1.12
      Surviving
      Spouse.
      The term
“Surviving Spouse” shall mean the person, if any, who shall be legally married
      to the Executive on the date of the Executive’s death.

    

    1.13
      Termination
      for Cause.
      The term
“Termination for Cause” shall mean the termination of the Executive by the
      Employer upon the occurrence of any of the following events:

    

    (i) the
      Executive is convicted of illegal activity by a court of competent jurisdiction
      or pleads guilty to or nolo contendere to illegal activity, which activity
      materially adversely affects the Employer’s reputation in the community or which
      evidences the lack of the Executive’s fitness or ability to perform the
      Executive’s duty as determined by the Board of Directors in good
      faith;

    

    (ii) the
      Executive has committed any illegal or dishonest act which would cause
      termination of coverage under the Employer’s Bankers’ Blanket Bond as to the
      Executive, as distinguished from termination of coverage as to the Employer
      as a
      whole;

    

    (iii) the
      Executive materially fails to perform, or habitually neglects, the Executive’s
      duties or commits a material act of malfeasance or misfeasance in connection
      therewith; or

    

    (iv) an
      action
      is commenced by any bank regulatory agency having jurisdiction, to remove or
      suspend the Executive from office, or a cease and desist order under 12 U.S.C.
      1818(b) or any similar Federal or state statute is issued against the Executive
      or the Employer which calls for the Executive’s suspension or removal from
      office.

    

    
      	2.	
              Scope,
                Purpose and Effect.

            

    

    

    2.1
      Contract
      of Employment.
      Although
      this Agreement is intended to provide the Executive with an additional incentive
      to remain in the employ of the Employer, this Agreement shall not be deemed
      to
      constitute a contract of employment between the Executive and the Employer
      nor
      shall any provision of this Agreement restrict or expand the right of the
      Employer to terminate the Executive’s employment. This Agreement shall have no
      impact or effect upon any separate written employment agreement which the
      Executive may have with the Employer, it being the parties’ intention and
      agreement that unless this Agreement is specifically referenced in said
      employment agreement (or any modification thereto), this Agreement (and the
      Employer’s obligations hereunder) shall stand separate and apart and shall have
      no effect upon, nor be affected by, the terms and provisions of said employment
      agreement.

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    2.2
      Fringe
      Benefit.
      The
      benefits provided by this Agreement are granted by the Employer as a fringe
      benefit to the Executive and are not a part of any salary reduction plan or
      any
      arrangement deferring a bonus or a salary increase. The Executive has no option
      to take any current payments or bonus in lieu of the benefits provided by this
      Agreement.

    

    
      	3.	
              Payments
                Upon or After Retirement.

            

    

    

    3.1
      Payments
      Upon Retirement.
      If the
      Executive shall remain in the continuous employment of the Employer until
      Retirement, then the Executive shall be entitled to be paid the Annual Benefit,
      with the Applicable Percent equal to 100% for a period of fifteen (15) years,
      in
      one hundred eighty (180) equal monthly installments, with each installment
      to be
      paid on the first day of each month, beginning with the month following the
      month in which the Executive Retires, except that if Executive is a “specified
      employee” as defined in Section 11.14, then the payment provided in this Section
      3.1 shall be deferred as provided in Section 11.14.

    

    3.2
      Payments
      in the Event of Death After Retirement.
      The
      Employer agrees that if the Executive Retires, but shall die before receiving
      all of the one hundred eighty (180) monthly payments described in Section 3.1
      above, the Employer will make the remaining monthly payments, undiminished
      and
      on the same schedule as if the Executive had not died, to the Executive’s
      designated beneficiary. If a valid Beneficiary Designation is not in effect,
      then the remaining amounts due to the Executive under the term of this Agreement
      shall be paid to the Executive’s Surviving Spouse. If the Executive leaves no
      Surviving Spouse, the remaining amounts due to the Executive under the terms
      of
      this Agreement shall be paid to the duly qualified personal representative,
      executor or administrator of the Executive’s estate.

    

    
      	4.	
              Payments
                in the Event Death or Disability Occurs Prior to
                Retirement.

            

    

    

    4.1
      Payments
      in the Event of Death Prior to Retirement.
      In the
      event the Executive should die while actively employed by the Employer at any
      time after the Effective Date, but prior to Retirement, the Employer agrees
      to
      pay the Annual Benefit with the Applicable Percentage equal to 100% for a period
      of fifteen (15) years in one hundred eighty (180) equal monthly installments,
      with each installment to be paid on the first of each month beginning with
      the
      month following the Executive’s death, to the Executive’s designated
      beneficiary. If a valid Beneficiary Designation is not in effect, then the
      amounts due to the Executive under the terms of this Agreement shall be paid
      to
      the Executive’s Surviving Spouse. If the Executive leaves no Surviving Spouse,
      the amounts due to the Executive under the terms of this Agreement shall be
      paid
      to the duly qualified personal representative, executor or administrator of
      the
      Executive’s estate.

    

    4.2
      Payments
      in the Event of Disability Prior to Retirement.
      In the
      event the Executive becomes Disabled while actively employed by the Employer
      at
      any time after the date of this Agreement but prior to Retirement, the Executive
      shall: (i) continue to be treated during such period of Disability as being
      gainfully employed by the Employer but shall not add applicable years of service
      for the purpose of determining the Annual Benefit; and (ii) subject to any
      applicable deferral period as set forth in Section 11.14 herein, be entitled
      to
      be paid the Annual Benefit, with the Applicable Percentage as set forth in
      Schedule A and as determined by the applicable years of service at the time
      of
      disability, for fifteen (15) years in one hundred eighty (180) equal monthly
      installments, with each installment to be paid on the first day of each month,
      beginning with the month following the earlier of (1) the month in which the
      Executive attains sixty-one (61) years of age; or (2) the date upon which the
      Executive is no longer entitled to receive Disability benefits under the
      Executive’s principal Disability insurance policy and does not, at such time,
      return to and thereafter fulfill the responsibilities associated with the
      employment position held with the Employer prior to becoming Disabled by reason
      of such Disability continuing. Notwithstanding the foregoing, in the event
      the
      Executive should die while actively or gainfully employed by the Employer at
      any
      time after the Effective Date and prior to (i) Retirement and (ii) the
      commencement of any payments under this Section 4.2, the payments provided
      in
      Section 4.1 herein shall be paid in lieu of the payments provided in this
      Section 4.2.

     

    
      
        
        

      

      
        4

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    
      	
              5.

            	
              Payments
                in the Event Employment is Terminated other than by Death, Disability,
                Termination for Cause or Retirement.

            

    

    

    As
      indicated in Section 2 above, the Employer reserves the right to terminate
      the
      Executive’s employment, with or without cause but subject to any written
      employment agreement which may then exist, at any time prior to the Executive’s
      Retirement. In the event that the employment of the Executive shall be
      terminated for any reason, including voluntary termination by the Executive,
      but
      other than by reason of (i) Disability, (ii) death, (iii) Termination for Cause,
      or (iv) Retirement, the Executive or his legal representative shall be entitled
      to be paid the Annual Benefit, with the Applicable Percentage as set forth
      in
      Schedule A and as determined by the applicable years of service at the time
      of
      termination of employment with the Employer, for a period of fifteen (15) years
      in one hundred eighty (180) equal monthly installments, with each installment
      to
      be paid on the first day of each month, beginning with the month following
      the
      month in which the Executive attains sixty-one (61) years of age, except that
      if
      Executive is a “specified employee” as defined in Section 11.14, then the
      payment provided in this Section 5 shall be deferred as provided in Section
      11.14. 

    

    In
      addition, in the event the Executive dies after such termination as set forth
      in
      the first sentence of this Section 5, but prior to age 61 then such benefits
      are
      to be paid beginning with the month following the Executive's death to the
      Executive’s designated beneficiary. If a valid Beneficiary Designation is not in
      effect, then such benefits due the Executive under this paragraph shall be
      paid
      to the Executive’s Surviving Spouse, and if the Executive leaves no Surviving
      Spouse, then such benefits shall be paid to the duly qualified personal
      representative, executor or administrator of the Executive’s estate for the
      benefit of the Executive’s estate.

    

    In
      the
      event the Executive is entitled to benefits under the first paragraph of this
      Section 5, but dies at or after age 61 and before receiving all of the monthly
      payments described in the first paragraph of this Section 5, the Employer will
      make the remaining monthly payments, undiminished and on the same schedule
      as if
      the Executive had not died, to the Executive's designated beneficiary. If the
      Executive dies without a valid beneficiary designation, then such benefits
      due
      the Executive under the this paragraph shall be paid to the Executive’s
      Surviving Spouse, and if the Executive leaves no Surviving Spouse, then such
      benefits shall be paid to the duly qualified personal representative, executor
      or administrator of the Executive’s estate for the benefit of the Executive’s
      estate.

     

    
      
        
        

      

      
        5

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    Executive
      agrees that the payment of benefits pursuant to this Section 5 to the extent
      Executive is entitled to such benefits is in lieu of any other benefits under
      this Agreement.

    

    
      	6.	
              Termination
                for Cause.

            

    

    

    Notwithstanding
      anything to the contrary, in the event the termination of employment of the
      Executive is Termination for Cause as defined in Section 1.13, the Executive
      shall not be entitled to any benefits pursuant to this agreement.

    

    
      	7.	
              No
                Ownership Rights to the Employer’s Assets.

            

    

    

    The
      Employer reserves the right to determine, in its sole and absolute discretion,
      whether, to what extent and by what method, if any, to provide for the payment
      of the amounts which may be payable to the Executive, the Executive’s spouse or
      the Executive’s beneficiaries under the terms of this Agreement (“Benefits”).
      The rights of the Executive or any beneficiary of the Executive under this
      Agreement shall be solely those of an unsecured creditor of the
      Employer.

    

    In
      the
      event that the Employer, in its sole and absolute discretion, elects to acquire
      an insurance policy, an annuity or any other asset to recoup the costs or any
      portion thereof of the Benefits, then such insurance policy, annuity or other
      asset shall not be deemed to be held under any trust for the benefit of the
      Executive or his beneficiaries or to be security for the performance of the
      obligations of the Employer under this Agreement, but shall be, and remain,
      a
      general unpledged, unrestricted asset of the Employer. The Executive and his
      beneficiaries shall have no rights whatsoever with respect to, or any claim
      against, any such insurance policy, annuity or other asset. In connection with
      the Employer electing to acquire any such insurance policy or annuity, the
      Executive agrees to cooperate to facilitate such acquisition, and pursuant
      thereto shall execute such documents and undergo such medical examinations
      or
      tests as the Employer may reasonably request.

    

    
      	8.	
              Claims
                Procedure.

            

    

    

    The
      Employer shall, but only to the extent necessary to comply with ERISA, be
      designated as the named fiduciary under this Agreement and shall have authority
      to control and manage the operation and administration of this Agreement.
      Consistent therewith, the Employer shall make all determinations as to the
      rights to benefits under this Agreement. Any decision by the Employer denying
      a
      claim by the Executive, the Executive’s spouse, or the Executive’s beneficiary
      for benefits under this Agreement shall be stated in writing and delivered
      or
      mailed, via registered or certified mail, to the Executive, the Executive’s
      spouse or the Executive’s beneficiary, as the case may be. Such decision shall
      set forth the specific reasons for the denial of a claim. In addition, the
      Employer shall provide the Executive, the Executive’s spouse or the Executive’s
      beneficiary with a reasonable opportunity for a full and fair review of the
      decision denying such claim.

     

    
      
        
        

      

      
        6

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    
      	9.	
              Status
                of an Unsecured General Creditor.

            

    

    

    Notwithstanding
      anything contained herein to the contrary: (i) neither the Executive, the
      Executive’s spouse nor the Executive’s beneficiary shall have any legal or
      equitable rights, interests or claims in or to any specific property or assets
      of the Employer; (ii) none of the Employer’s assets shall be held in or under
      any trust for the benefit of the Executive, the Executive’s spouse or the
      Executive’s beneficiary or held in any way as security for the fulfillment of
      the obligations of the Employer under this Agreement; (iii) all of the
      Employer’s assets shall be and remain the general unpledged and unrestricted
      assets of the Employer; (iv) the Employer’s obligation under this Agreement
      shall be that of an unfunded and unsecured promise by the Employer to pay money
      in the future; and (v) the Executive, the Executive’s spouse and the Executive's
      beneficiary shall be unsecured general creditors with respect to any benefits
      which may be payable under the terms of this Agreement.

    

    
      	10.	
              Covenant
                Not to Interfere.

            

    

    

    The
      Executive agrees not to take any action which prevents the Employer from
      collecting the proceeds of any life insurance policy which the Employer may
      happen to own at the time of the Executive’s death and of which the Employer is
      the designated beneficiary.

    

    
      	11.	
              Miscellaneous.

            

    

    

    11.1
      Opportunity
      to Consult with Independent Counsel.
      The
      Executive acknowledges that he has been afforded the opportunity to consult
      with
      independent counsel of his choosing regarding both the benefits granted to
      him
      under the terms of this Agreement and the terms and conditions which may affect
      the Executive’s right to these benefits. 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.

    

    11.2
      Arbitration
      of Disputes.
      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 Employer 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 location nearest to Fresno,
      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 or nearest to Fresno, 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
      Title 9 of Part 3 of the California Code of Civil Procedure. Any arbitration
      hereunder shall be conducted in Central California, unless otherwise agreed
      to
      by the parties.

     

    
      
        
        

      

      
        7

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    11.3
      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, the prevailing party shall
      be entitled to recover from the losing party reasonable expenses, attorneys’
fees and costs incurred in connection therewith or in the enforcement or
      collection of any judgment or award rendered therein. The “prevailing party”
means the party determined by the arbitrator(s) or court, as the case may be,
      to
      have most nearly prevailed, even if such party did not prevail in all matters,
      not necessarily the one in whose favor a judgment is rendered.

    

    11.4
      Notice.
      Any
      notice required or permitted of either the Executive or the Employer under
      this
      Agreement shall be deemed to have been duly given, if by personal delivery,
      upon
      the date received by the party or its authorized representative; if by
      facsimile, upon transmission to a telephone number previously provided by the
      party to whom the facsimile is transmitted as reflected in the records of the
      party transmitting the facsimile and upon reasonable confirmation of such
      transmission; and if by mail, on the third day after mailing via U.S. first
      class mail, registered or certified, postage prepaid and return receipt
      requested, and addressed to the party at the address given below for the receipt
      of notices, or such changed address as may be requested in writing by a
      party.

     

    If
      to the
      Employer:

    

    United
      Security Bank

    2126
      Inyo
      Street

    Fresno,
      California 93721

    Attention:
      Ronnie D. Miller

    Vice
      Chairman of the Board

    

    If
      to the
      Executive:

    

    Dennis
      R.
      Woods

    c/o
      United Security Bank

    2126
      Inyo
      Street

    Fresno,
      California 93721

    

    11.5
      Assignment.
      Neither
      the Executive, the Executive’s spouse, nor any other beneficiary under this
      Agreement shall have any power or right to transfer, assign, hypothecate, modify
      or otherwise encumber any part or all of the amounts payable hereunder, nor,
      prior to payment in accordance with the terms of this Agreement, shall any
      portion of such amounts be: (i) subject to seizure by any creditor of any such
      beneficiary, by a proceeding at law or in equity, for the payment of any debts,
      judgments, alimony or separate maintenance obligations which may be owed by
      the
      Executive, the Executive’s spouse, or any designated beneficiary; or (ii)
      transferable by operation of law in the event of bankruptcy, insolvency or
      otherwise. Any such attempted assignment or transfer shall be void and shall
      terminate this Agreement, and the Employer shall thereupon have no further
      liability hereunder.

     

    
      
        
        

      

      
        8

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    11.6
      Binding
      Effect/Merger or Reorganization.
      This
      Agreement shall be binding upon and inure to the benefit of the Executive and
      the Employer and, as applicable, their respective heirs, beneficiaries, legal
      representatives, agents, successors and assigns. Accordingly, the Employer
      shall
      not merge or consolidate into or with another corporation, or reorganize or
      sell
      substantially all of its assets to another corporation, firm or person, unless
      and until such succeeding or continuing corporation, firm or person agrees
      to
      assume and discharge the obligations of the Employer under this Agreement.
      Upon
      the occurrence of such event, the term “Employer” as used in this Agreement
      shall be deemed to refer to such surviving or successor firm, person, entity
      or
      corporation.

    

    11.7
      Nonwaiver.
      The
      failure of either party to enforce at any time or for any period of time any
      one
      or more of the terms or conditions of this Agreement shall not be a waiver
      of
      such term(s) or condition(s) or of that party's right thereafter to enforce
      each
      and every term and condition of this Agreement.

    

    11.8
      Partial
      Invalidity.
      If any
      term, provision, covenant or condition of this Agreement is determined by an
      arbitrator or a court, as the case may be, to be invalid, void, or
      unenforceable, such determination shall not render any other term, provision,
      covenant or condition invalid, void or unenforceable, and the Agreement shall
      remain in full force and effect notwithstanding such partial
      invalidity.

    

    11.9
      Entire
      Agreement.
      This
      Agreement supersedes any and all other agreements, either oral or in writing,
      between the parties with respect to the subject matter of this Agreement and
      contains all of the covenants and agreements between the parties with respect
      thereto. Each party to this Agreement acknowledges that no other
      representations, inducements, promises or agreements, oral or otherwise, have
      been made by any party, or anyone acting on behalf of any party, which are
      not
      set forth herein, and that no other agreement, statement or promise not
      contained in this Agreement shall be valid or binding on either
      party.

    

    11.10
      Modifications.
      Any
      modification of this Agreement shall be effective only if it is in writing
      and
      signed by each party or such party’s authorized representative.

    

    11.11
      Section
      Headings.
      The
      section headings used in this Agreement are included solely for the convenience
      of the parties and shall not affect or be used in connection with the
      interpretation of this Agreement.

    

    11.12
      No
      Strict Construction.
      The
      language used in this Agreement shall be deemed to be the language chosen by
      the
      parties hereto to express their mutual intent, and no rule of strict
      construction will be applied against any person.

     

    
      
        
        

      

      
        9

        
          

        

      

      
        
        

      

    

    

      Exhibit
        10.1

    11.13
      Governing
      Law.
      The laws
      of the State of California, other than those laws denominated choice of law
      rules, and, where applicable, the rules and regulations of the Federal Deposit
      Insurance Corporation or any other regulatory agency or governmental authority
      having jurisdiction over the Employer, shall govern the validity,
      interpretation, construction and effect of this Agreement.

    

    11.14
      Delayed
      Payments for Specified Employees.
      Notwithstanding anything to the contrary, in the event that §409A of the Code
      applies to any compensation with respect to a separation from service or
      Separation of Service, payment of that compensation shall be delayed if
      Executive is a “specified employee,” as defined in § 409A(a)(2)(B)(i) of
      the Code, and such delayed payment is required by §409A of the Code. Such delay
      shall last six months from the date of Separation of Service. On the day
      following the end of the six-month period, the Employer shall make a catch-up
      payment to Executive equal to the total amount of such payments that would
      have
      been made during the six-month period but for this Section 11.14.

    

    11.15
      Compliance
      with Section 409A.
      This
      Agreement shall at all times be administered in compliance with the requirements
      of §409A of the Code and any and all regulations thereunder, including such
      regulations as may be promulgated after the effective date of this
      Agreement.

    

    11.16 Unfunded
      Agreement for ERISA Purposes.
      This
      Agreement shall be unfunded for tax purposes and for purposes of Title I of
      the
      Employee Retirement Income Security Act of 1974 (“ERISA”), as amended from time
      to time.

    

    
      
        
        

      

      
        10

        
          

        

      

      
        
        

      

    

    Exhibit
      10.1

    IN
      WITNESS WHEREOF, the Employer and the Executive have executed this Agreement
      on
      the date first above-written in the City of Fresno, Fresno County,

    California.

    
      	 	 	 	 
	
              UNITED SECURITY BANK

              “Employer”

            	 	 	
              DENNIS R. WOODS

              “Executive”

            
	
               

               

            	 	 	 
	/s/
              Ronnie D.
              Miller	 	 	/s/
              Dennis R.
              Woods
	
              
                

              

              Ronnie D. Miller

              Vice Chairman of the Board

            	 	 	
              
Dennis
              R. Woods

    

     

    
      
        
        

      

      
        11

        
          

        

      

      
        
        

      

    

     

    Exhibit
      10.1

     

    SCHEDULE
      A

    

      
        	
                NUMBER
                  OF COMPLETE

                YEARS
                  OF SERVICE

              	 	
                APPLICABLE

                PERCENTAGE

              	 
	
                1

              	 	 	
                25

              	
                %

              
	 	 	 	 	 
	
                2

              	 	 	
                40

              	
                %

              
	 	 	 	 	 
	
                3

              	 	 	
                50

              	
                %

              
	 	 	 	 	 
	
                4

              	 	 	
                56

              	
                %

              
	 	 	 	 	 
	
                5

              	 	 	
                62

              	
                %

              
	 	 	 	 	 
	
                6

              	 	 	
                68

              	
                %

              
	 	 	 	 	 
	
                7

              	 	 	
                74

              	
                %

              
	 	 	 	 	 
	
                8

              	 	 	
                80

              	
                %

              
	 	 	 	 	 
	
                9

              	 	 	
                86

              	
                %

              
	 	 	 	 	 
	
                10

              	 	 	
                92

              	
                %

              
	 	 	 	 	 
	
                11

              	 	 	
                98

              	
                %

              
	 	 	 	 	 
	
                12
                  or more

              	 	 	
                100

              	
                %

              

      

       

    

    
      
        
        

      

      
        12

        
          

        

      

      
        
        

      

    

    
       

      Exhibit
        10.1

       

    

    SCHEDULE
      B

    

    BENEFICIARY
      DESIGNATION

     

    
      	TO:	
              The
                Administrator of United Security Bank, 

              Amended
                and Restated Executive Salary Continuation
                Agreement

            

    

    

    Pursuant
      to the provisions of my Amended and Restated Executive Salary Continuation
      Agreement (“Agreement”) with United Security Bank, permitting the designation of
      a beneficiary or beneficiaries by a participant, I hereby designate the
      following persons and entities as primary and secondary beneficiaries of any
      benefit under said Agreement payable by reason of my death:

    

    
      	NOTE:	
              To
                name a trust as beneficiary, please provide the name of the trustee
                and
                the exact date of the trust
                agreement.

            

    

    

    In
      the
      event the primary beneficiary is not the spouse of the Executive, the spouse
      of
      the Executive will need to sign the Spousal Consent below and such signature
      must be notarized.

    

      
        	
                Primary
                  Beneficiary:

              	 	 
	 	 	 
	
                Cheryl
                  L. Woods 

              	
                3095
                  W. Sample, Fresno, CA , 93711

              	
                Wife

              
	
                
                  
Name

              	
                
                  
Address

              	
                
                  
Relationship

              

      

      

      
        	
                Secondary
                  (Contingent) Beneficiary:

              	 	 
	 	 	 
	
                Richard
                  C. Woods

              	
                6035
                  Blvd East C-9 West New York NJ

              	
                Son

              
	
                
                  
Name

              	
                
                  
Address

              	
                
                  
Relationship

              
	 	 	 
	
                Lisa
                  Woods Armas

              	
                1618
                  E. Revere, Fresno CA

              	
                Daughter

              
	
                
                  
Name

              	
                
                  
Address

              	
                
                  
Relationship

              

      

       

    

    THE
      RIGHT
      TO REVOKE OR CHANGE ANY BENEFICIARY DESIGNATION IS HEREBY RESERVED. ANY PRIOR
      DESIGNATION OF PRIMARY BENEFICIARIES AND SECONDARY BENEFICIARIES IS HEREBY
      REVOKED.

    

    The
      Administrator shall pay all sums payable under the Agreement by reason of my
      death to the Primary Beneficiary, if he or she survives me, and if no Primary
      Beneficiary shall survive me, then to the Secondary Beneficiary, and if no
      named
      beneficiary survives me, then the Administrator shall pay all amounts in
      accordance with the terms of the Agreement. In the event that a named
      beneficiary survives me and dies prior to receiving the entire benefit payable
      under said Agreement then and in that event, the remaining unpaid benefit
      payable according to the terms of the Agreement shall be payable to the personal
      representatives of the estate of said beneficiary who survived me but died
      prior
      to receiving the total benefit provided by the Agreement.

    
      	 	 	 
	 	 	
              DENNIS
                R. WOODS 
                “Executive”

              

            
	 
 	 
 	 
 
	Dated: _____________	
            	
            
	
               

            	
              

            

    

    

    
      
        
        

      

      
        13

        
          

        

      

      
        
        

      

    

     

    Exhibit
      10.1

    CONSENT
      OF THE EXECUTIVE'S SPOUSE

    

    [required
      if the primary beneficiary is not the Executive’s
      spouse]

     

    TO
      THE ABOVE BENEFICIARY DESIGNATION:

    

    I,
      _____________, being the spouse of _______________, after being afforded the
      opportunity to consult with independent counsel of my choosing, do hereby
      acknowledge that I have read, agree and consent to the foregoing Beneficiary
      Designation which relates to the Amended and Restated Executive Salary
      Continuation Agreement entered into by my spouse on ______________, 2007. I
      understand that the above Beneficiary Designation adversely affects my community
      property interest in the benefits provided for under the terms of the Amended
      and Restated Executive Salary Continuation Agreement. I understand that I have
      been advised to consult with an attorney of my choice prior to executing this
      consent, so that such attorney can explain the effects of this
      consent.

     

    
      	 	 	 
	Dated:
              _____________, 2007	
            	
            
	
               

            	
              

              ______________,
                Spouse

            

    

     

    [notarization
      of the spousal consent is required if the primary beneficiary is not the spouse
      of the Executive]

    

    
      
        
        

      

      
        14Exhibit
      10.2

     

    AMENDED
      AND RESTATED EMPLOYMENT AGREEMENT

     

     
      THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is made and
      effective as of this _16th_ day of _January_, 2008, by and among United Security
      Bank, a California state-chartered bank (“Bank”), and United Security
      Bancshares, a California corporation (‘Bancshares”), (collectively “Company”)
      and Dennis R. Woods (“Employee”), with respect to the following
      facts:

     

    
      
        	
              	A.	
                The
                  Company desires to be assured of the continued association and
                  services of
                  Employee in order to take advantage of his experience, knowledge
                  and
                  abilities in the Company’s business, and further desires to employ
                  Employee.

              

      

       

      
        	
              	B.	
                The Employee desires to be
                  so employed, on
                  the terms and conditions set forth in this
                  Agreement.

              

      

       

      
        	
              	C.	
                The Company and Employee desire to amend and
                  restate the
                  Agreement to conform with Section 409A of the Internal Revenue
                  Code of
                  1986, as amended.

              

      

       

    

     ACCORDINGLY,
      on the basis of the representations, warranties and covenants contained herein,
      the parties hereto agree as follows:

     

    
      	
            	1.	
              EMPLOYMENT

            

    

     

              
      1.1             
Employment
      and Effective Date.
      The
      Company hereby employs Employee as the President and Chief Executive Officer
      of
      Bancshares and Bank, and Employee hereby accepts such employment, on the terms
      and conditions set forth below, to perform during the term of the Agreement
      such
      services as are required hereunder.

     

    The
      effective date of this Agreement shall be the date of execution by both parties
      hereof; provided, however, that the term shall commence January 1, 2006. (See
      paragraph 3.1, below.)

     

               1.2         
          Duties.
      Employee shall render such management services to Company, and shall perform
      such duties and acts, in each case consistent with his position as President
      and
      Chief Executive Officer, as reasonably may be required by the Company’s Boards
      of Directors (collectively “Board”) in connection with any aspect of the
      Company’s business. Employee will have such authority, power, responsibilities
      and duties as are inherent in his positions (and the undertakings applicable
      to
      his positions) and necessary to carry out his responsibilities and the duties
      required of him hereunder.

     

               
      1.3            
Service
      to Others.
      During
      the period in which Employee is employed by Company, Employee shall devote
      substantially all of his productive time, ability and attention to, and shall
      diligently and conscientiously use his best efforts to further, the Company’s
      business, and shall not, without the prior written consent of the Board, perform
      such services for any person other than the Company, which would materially
      interfere with the performance of his duties hereunder. Notwithstanding the
      foregoing provisions of this paragraph 1.3, while Employee is employed by
      Company, he may devote reasonable time to activities other than those required
      under this Agreement, including the supervision of his personal investments,
      and
      activities involving professional, charitable, educational, religious and
      similar types of organizations, speaking engagements, membership on the boards
      of directors of other organizations, and similar types of activities, to the
      extent that such other activities do not inhibit or prohibit the performance
      of
      Employee’s duties under this Agreement, or conflict in any material way with the
      business or interests of the Company; provided, however, that Employee shall
      report to the Board on an annual basis all positions held with any other
      business, civic or charitable organization.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    1.4            
      Place
      of Performance.
      In
      connection with his employment with Company, Employee will be based at the
      principal executive offices of the Company, located in Fresno,
      California.

     

    
      	
            	2.	
              COMPENSATION

            

    

     

                2.1         
      Compensation.
      As
      consideration for the services which Employee renders hereunder, Employee shall
      be entitled to the following:

     

     
      (a)        Effective
      January 1, 2006, an annual base salary of $360,000, less federal and state
      income tax withholding and other applicable payroll withholdings, payable in
      installments consistent with the payment practices generally applicable to
      employees of the Company; provided, however, that such annual base salary may
      be
      increased as determined solely by the Board at an evaluation meeting to be
      held
      during the first quarter of each year of this Agreement.

     

      (b)      
       Executive
      Incentive Compensation. In general, the Company believes that superior
      performance of Executive should be rewarded and encouraged by incentive
      compensation. Executive shall be entitled each year of this Agreement to four
      percent (4%) of the after tax net income of the Company as reported yearly
      on a
      consolidated basis for each year of the term of employment. Such incentive
      compensation is subject to the Bank receiving satisfactory CAMEL ratings on
      both
      the Safety and Soundness Examinations and the Compliance Examinations that
      are
      the most recent as of the payment of such incentive compensation. Subject to
      the
      foregoing, Executive shall be authorized to receive a draw on the incentive
      compensation on a quarterly basis throughout the year. During the term of this
      Agreement, Employee may be paid up to 20% of the expected annual incentive
      compensation following the filing of the 10-Q for each respective quarter based
      on the unaudited quarterly results as contained in the Bancshares’ 10-Q for that
      quarter, with a true up and final payment at the time of the finalization of
      the
      year end financial statements of the Company. However no quarterly payment
      as
      described above, shall exceed 25% of the expected annual incentive compensation
      pursuant to Bancshares budget. The year-end payment shall be conditioned upon
      the receipt of the audited financial statement for the Company for the year-end.
      If the Company does not realize net income in a quarter then Executive shall
      not
      be authorized to receive incentive compensation for that quarter. In the event
      that Company has over advanced on the incentive compensation to Executive in
      any
      year, then Executive’s incentive compensation for the following year shall be
      reduced by the amount of the over advanced and Executive shall not be entitled
      to any quarterly advances on the incentive compensation until the over advance
      is repaid in its entirety through the net income of the Company. The payment
      of
      this incentive compensation for any calendar year during the term shall be
      paid
      no later than the 15th
      day of
      the third month following the end of the calendar year for which it was earned,
      except as may be delayed because of certain unforeseeable events as set forth
      in
      the final regulations promulgated under Section 409A of the Code. 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

      (c)       
      Bancshares
      has granted Employee stock options to acquire 25,000 shares of Bancshares common
      stock effective February 6, 2006 at closing price of February 6, 2006. The
      Board
      may grant Employee additional stock options as determined solely by the Board
      at
      an evaluation meeting to be held during the first quarter of each year of this
      Agreement.

     

      (d)       
      In
      addition to any other benefits agreements specific to Employee, participation
      in
      all benefit plans or programs sponsored by Company, including, without
      limitation, participation in any group health, medical reimbursement, dental,
      disability, accidental death or dismemberment or life insurance plan (the costs,
      including premiums, of which shall by paid exclusively by Company), vacation
      and
      sick leave; provided that the plan and programs shall be maintained by Company
      on terms no less favorable to Employee than those plans and programs in effect
      on the date hereof.

     

      (e)       
      Reimbursement
      of reasonable and documented expenses incurred by Employee from time to time
      in
      the performance of his duties hereunder including but not limited to
      entertainment, meals, travel, cellular phone, and expenses associated with
      participation on Company’s Board of Directors.

     

     
      (f)          Six
      (6)
      weeks paid vacation per year, and all paid holidays observed by Company during
      the first year of this Agreement. During the second year, six (6) weeks and
      two
      (2) days paid vacation per year, and all paid holidays observed by Company
      during the second year of this Agreement. During the third year and successive
      years, seven (7) weeks paid vacation per year, and all paid holidays observed
      by
      Company during the third year of this Agreement. In scheduling vacations,
      Employee shall take into consideration the needs and activities of the
      Company.

     

      (g)       
      Use
      of a
      Bank owned automobile for business and personal use, together with all
      reasonable expenses for insurance, fuel, maintenance, repair and registration.
      Employee shall keep a log detailing personal use of such automobile and shall
      have included in his Form 1099, the value of such personal use.

     

      (h)       
      All
      initiation fees and membership dues associated with the Employee’s membership in
      the San Joaquin Country Club.

     

      (i)        
      The
      Company will, to the maximum extent permitted by law, defend, indemnify and
      hold
      harmless Employee and his heirs, estate, executors and administrators against
      any costs, losses, claims, suites proceedings, damages or liabilities to which
      Employee may become subject which arise out of, are based upon or relate to
      Employee’s employment by Company (and any predecessor to Company), or the
      Employee’s service as an officer or member of the Board of Directors of Company
      (or any predecessor to Company), including without limitation the advance of
      legal or other expenses reasonably incurred by Employee in connection with
      investigation and defending against any such costs, losses, claims, suits,
      proceedings, damages or liabilities, provided that any reimbursement provided
      by
      this Section 2.1(i) to Employee for costs or legal fees arising out of claims
      made against Employee shall be subject to Section 5.12 herein. The Company
      shall
      maintain directors and officers liability insurance in commercially reasonable
      amounts (as reasonably determined by the Board), and Employee shall be covered
      under such insurance to the same extent as other senior management employees
      of
      the Company.

     

     
      Not withstanding anything to the contrary contained herein, Employee shall
      not
      be entitled to the payment of any severance benefit to the extent that such
      payment shall be deemed a “golden parachute payment” as defined in Section 359.
      l(f) of the Federal Deposit Insurance Corporation Rules and
      Regulations.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      2.2             
        Illness.
        Subject
        to the limitations contained in paragraph 3.2, if Employee shall be unable
        to
        render the services required hereunder on account of personal injuries or
        physical or mental illness that do not result in total disability, he shall
        continue to receive all payments provided in this Agreement; provided, however,
        that any such payments may, at the sole option of the Company, be reduced
        by any
        amount that the Employee receives for the period covered by such payments
        as
        disability compensation under insurance policies, if any, maintained by the
        Company or under government programs.

    

     

    2.3             
      Key
      Man and Disability Insurance.
      The
      Company shall have the right to obtain and hold a “keyman” life insurance policy
      on the life of Employee and/or a disability insurance policy with the Company
      as
      the beneficiary of the policy. Employee agrees to provide any information
      required for the issuance of such policy and submit himself to any physical
      examination required for such policy.

     

    
      	
            	3.	
              TERM
                OF EMPLOYMENT AND TERMINATION

            

    

     

    3.1           
      Term.
      Unless
      sooner terminated pursuant to paragraph 3.2 of this Agreement, the term of
      employment hereunder shall be for a three year period commencing January 1,
      2006. The term shall be automatically extended at the end of each year for
      an
      additional year so that at all times this Agreement shall be for a term of
      three
      years unless either party provides written notice of nonrenewal of this
      Agreement to the other party prior to January 1 of the next year.

     

    3.2            
      Duties
      Upon Termination.

     

     
      (a)        In
      the
      event that employment under this Agreement is terminated, neither Company nor
      Employee shall have any remaining duties or obligations hereunder, except that
      (i) Employee shall continue to be bound by paragraph 4 of this Agreement and
      (ii) in the event that such employment is terminated (A) by Company for any
      reason other than “for cause” (as defined below) or (B) by Employee with “just
      reason” (as defined below), the Company shall pay or provide to Employee, or his
      estate, (I) a lump sum payment, not later than 5 days after such termination
      of
      employment except as required to be delayed pursuant to Section 5.12 herein,
      equal to 24 months of Employee’s then base salary at the time of termination and
      (II) participation in all benefit plans and programs sponsored by the Company
      for executive officers in general, all as set forth in paragraph 2.1(d) for
      24
      months following termination.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     
      (b)       The
      Company shall be deemed to have terminated the employment of Employee “for
      cause” if, but only if, such termination (i) shall result solely from Employee’s
      continued and willful failure or refusal to substantially perform his duties
      in
      accordance with the terms of this Agreement and shall have been approved by
      the
      Board; provided, however, that the Employee first shall have received written
      notice specifying the acts or omissions alleged to constitute such failure
      or
      refusal and such failure or refusal continues after the Employee shall have
      had
      reasonable opportunity (but in no event less than thirty (30) days) to correct
      the same; (ii) Employee is subject to removal proceedings brought by a bank
      regulatory authority; or (iii) Employee is formally charged with a felony
      involving dishonesty or moral turpitude; provided, however, that in the case
      of
      clause (ii) next above, if the removal proceeding is unsuccessful, or in the
      case of clause (iii) next above, if the Employee is not convicted of the felony,
      Employee shall not be treated as having been terminated “for cause” and shall be
      entitled to prompt payment of all amounts described in paragraph 3.2(a)(ii).
      For
      purposes of this subparagraph (b), no act, or failure to act, on the Employee’s
      part shall be deemed “willful” unless done, or omitted to be done, by the
      Employee not in good faith and without reasonable belief that Employee’s action
      or omission was in the best interest of the Company.

     

     
      (c)        Employee
      shall be deemed to have terminated his employment with “just reason” if such
      termination shall result, in whole or in part, from any of the following
      events:

     

    
      	
              (i)
                

            	
              the
                breach by the Company of any material provision of this Agreement;
                

            
	 	 
	
              (ii)

            	
              receipt
                by the Employee of a notice from the Company that the Company intends
                to
                terminate employment under this Agreement;

            
	 	 
	
              (iii)

            	
              the
                failure of a successor or assign of the Company’s rights under this
                Agreement to assume the Company’s duties hereunder;

            
	 	 
	
              (iv)

            	
              the
                Company directs Employee to perform any unlawful act;

            
	 	 
	
              (v)

            	
              the
                Employee ceases to be a member of the Board;

            
	 	 
	
              (vi)

            	
              the
                Employee’s duties are materially reduced;

            
	 	 
	
              (vii)

            	
              a
                relocation of Employee’s principal place of employment by more than 20
                miles from downtown Fresno, California;

            
	 	 
	
              (viii)

            	
              liquidation
                or dissolution of Bank; or

            
	 	 
	
              (ix)

            	
              the
                death or total disability of the
                Employee.

            

    

     

     
      (d)       The
      Employee shall not be required to mitigate the amount of any payment provided
      for in this Agreement by seeking other employment or otherwise. The Company
      shall not be entitled to set off against the amounts payable to Employee under
      this Agreement any amounts owed to the Company by Employee, any amounts earned
      by Employee in other employment after termination of his employment with
      Company, or any amounts which might have been earned by Employee in other
      employment had he sought such other employment.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     
      (e)        Without
      limiting any other remedies available to the Company, the payments to be made
      under this paragraph 3.2 after termination of Employee shall be subject to
      the
      Employee’s execution of a release agreement satisfactory to the Company and the
      Employee’s continued compliance with such agreement. Such release agreement
      shall contain, but not be limited to, provisions that (i) Employee shall not
      disparage Company; (ii) Employee shall not, for a period of one (1) year
      following termination, solicit or attempt to solicit, directly or indirectly
      any
      employee or customer of the Company; and (iii) Employee shall not, directly
      or
      indirectly, be employed by, be connected with, or have an interest of any kind
      in, any person or entity owning managing, controlling, operating, or otherwise
      participating or assisting in any business that is similar to or in competition
      with Company or any of its affiliates, within a 20 mile radius of any location
      where the Company or any subsidiary or parent thereof has a place of
      business.

     

    3.3           
      Change
      of Control.
      The
      following Section 3.3 will not be effective until January 22, 2007, at which
      time Employee’s Change in Control Agreement with the Bank expires. From the date
      of this Agreement through January 22, 2007, Employee’s Change in Control
      Agreement with the Bank shall remain in place and shall not be superceded by
      this Agreement. A “Change in Control” shall mean the earliest occurrence of one
      of the following events:

     

    A.            
      A
      Change In Ownership of Bancshares or the Bank.
      

     

     A
      change in ownership of Bancshares or the Bank occurs on the date that any person
      (or group of persons) acquires ownership of stock of Bancshares or the Bank
      that, together with stock held by such person or group, constitutes more than
      fifty percent (50%) of the total fair market value or total voting power of
      the
      stock of Bancshares or the Bank, respectively.

     

    B.             
      A
      Change in Effective Control of Bancshares or the Bank.
      

     

     
A
      change in effective control of Bancshares or the Bank occurs on the date
      that:

     

    1. 
Any
      person (or group of persons) acquires (or has acquired during the twelve (12)
      month period ending on the date of the most recent acquisition by such person
      or
      persons) ownership of stock of Bancshares or the Bank possessing thirty-five
      percent (35%) or more of the total voting power of the stock of Bancshares
      or
      the Bank, respectively; or

     

    2. 
A
      majority of members of Bancshares’ or Bank’s Board is replaced during any twelve
      (12) month period by directors whose appointment or election is not endorsed
      by
      a majority of the members of Bancshares’ or the Bank’s Board, respectively prior
      to the date of the appointment or election.

     

    C. 
A
      Change in Ownership of a Substantial Portion of Bancshares’ or the Bank’s
      Assets.
      

     

     A
      change in the ownership of a substantial portion of Bancshares’ or the Bank’s
      assets occurs on the date that any person (or group of persons) acquires (or
      has
      acquired during the twelve (12) month period ending on the date of the most
      recent acquisition by such person or persons) assets from Bancshares or the
      Bank, respectively that have a total gross fair market value equal to, or more
      than, forty percent (40%) of the total gross fair market value of all of the
      assets of Bancshares or the Bank, respectively immediately prior to such
      acquisition or acquisitions.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     
      For the purpose of this Agreement, transfers of the outstanding voting
      securities of Bancshares or the Bank made on account of deaths or gifts,
      transfers between family members, former spouses or transfers to a qualified
      retirement plan maintained by the Bancshares or the Bank shall not be considered
      in determining whether there has been a Change in Control.

     

                     
      In the event of a Change of Control and subject to Section 5.12 herein, Employee
      shall be paid a lump sum amount in cash equal to three times the average of
      the
      last three (3) years of Employee’s total compensation, inclusive of Employee’s
      base annual salary and all incentive compensation immediately following the
      date
      of consummation of the Change of Control. The Company and Employee acknowledge
      that limitations on deductibility of the Change of Control payment herein for
      federal income tax purposes may be imposed under, but not limited to Section
      280G of the Internal Revenue Code of 1986, as amended (“Code”), and any
      successor to Section 280G of the Code. The Change of Control payment pursuant
      to
      the application of this Section 3.3 shall be limited to such amount that results
      in the greatest amount of the Change in Control payment that is deductible
      by
      the Company for federal income tax purposes after taking into account all other
      compensation payments to or for the benefit of the Employee that are included
      in
      determining the deductibility of such payments under Section 280G of the Code
      or
      any successor to Section 280G of the Code. In the event that prior to the
      application of this Section 3.3, all other compensation payments to or for
      the
      benefit of Employee results in the limitation of the deductibility by the
      Company of such payments under Section 280G or any successor to Section 280G
      of
      the Code, then no payment shall be made pursuant this Section 3.3.

     

    3.4            
      Resignation.
      Employee shall provide at least ninety days notice of resignation from
      employment. Company shall have the authority to waive such notice.

     

    
      	
            	4. 	
              TRADE
                SECRETS

            

    

     

         4.1          
      Trade
      Secrets.
      Employee shall not, without the prior written consent of the Board in each
      instance, disclose or use in any way, during the term of his employment by
      the
      Company and for one (1) year thereafter, except as required in the course of
      such employment, any confidential business or technical information or trade
      secret of the Company acquired in the course of such employment, whether or
      not
      patentable, copyrightable or otherwise protected by law, and whether or not
      conceived of or prepared by him (collectively, the “Trade Secrets”) including,
      without limitation, any information concerning customer lists, products,
      procedures, operations, investments, financing, costs, employees, accounting,
      marketing, salaries, pricing, profits and plans for future development, the
      identity, requirements, preferences, practices and methods of doing business
      of
      specific parties with whom the Company transacts business, and all other
      information which is related to any product, service or business of the Company,
      other than information which is generally known in the industry in which the
      Company transacts business or is acquired from public sources; all of which
      Trade Secrets are the exclusive and valuable property of the Company; provided,
      however, that, following termination of employment, Employee shall be entitled
      to retain a copy of any rolodex or other compilation maintained by him of the
      names of business contacts with their addresses, telephone numbers and similar
      information.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

     4.2          
       Tangible
      Items.
      All
      files, accounts, records, documents, books, forms, notes, reports, memoranda,
      studies, compilations of information, correspondence and all copies, abstracts
      and summaries of the foregoing, and all other physical items related to the
      Company, other than a merely personal item, whether of a public nature or not,
      and whether prepared by the Employee or not, are and shall remain the exclusive
      property of the Company and shall not be removed from the premises of the
      Company, except as required in the course of employment by the Company, without
      the prior written consent of the Board in each instance, and the same shall
      be
      promptly returned to the Company by Employee on the expiration or termination
      of
      this employment by the Company or at any time prior thereto upon the request
      of
      the Company.

     

     4.3          
       Injunctive
      Relief.
      Employee hereby acknowledges and agrees that it would be difficult to fully
      compensate the Company for damages resulting from the breach or threatened
      breach of this paragraph 4 and, accordingly, that the Company shall be entitled
      to seek temporary and injunctive relief, including temporary restraining orders,
      preliminary injunctions and permanent injunctions, to enforce such provisions
      without the necessity of proving actual damages and without the necessity of
      posting any bond or other undertaking in connection therewith. This provision
      with respect to injunctive relief shall not, however, diminish the Company’s
      right to claim and recover damages.

     

                    4.4            
      “Company”.
      For the
      purposes of this paragraph 4 of the Agreement only, the term “Company” shall
      include United Security Bank, United Security Bancshares, their successors,
      assigns and nominees, and all individuals, corporations and other entities
      that
      directly, or indirectly through one or more intermediaries, control or are
      controlled by or are under common control with any of the
      foregoing.

     

    
      	
            	5.	
              MISCELLANEOUS

            

    

     

    5.1           
       Severable
      Provisions.
      The
      provisions of this Agreement are severable, and if any one or more provision
      may
      be determined to be illegal or otherwise unenforceable, in whole or in part,
      the
      remaining provisions, and any partially unenforceable provisions to the extent
      enforceable, shall nevertheless be binding and enforceable.

     

    5.2            
      Successors
      and Assigns.
      All of
      the terms, provisions and obligations of this Agreement shall inure to the
      benefit of and shall be binding upon the parties hereto and their respective
      heirs, representatives, successors and assigns. Notwithstanding the foregoing,
      neither the Agreement nor any rights hereunder shall be assigned, pledged,
      hypothecated or otherwise transferred by Employee without the prior written
      consent of the Board in each instance.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.3            
      Governing
      Law.
      The
      validity, construction and interpretation of this Agreement shall be governed
      in
      all respects by the laws of the State of California applicable to contracts
      made
      and to be performed within that State.

     

                    5.4            
      Headings.
      Paragraph and subparagraph headings are not to be considered part of the
      Agreement and are included solely for convenience and reference and in no way
      define, limit or describe the scope of the Agreement or the intent of any
      provisions hereof.

     

    5.5            
      Entire
      Agreement.
      The
      Agreement constitutes the entire agreement between the parties hereto pertaining
      to the subject matter hereof, and supersedes all prior agreements,
      understanding, negotiations and discussions, whether oral or written, relating
      to the subject matter of the Agreement, except as expressly stated in Section
      3.3. No supplement, modification, waiver or termination of the Agreement shall
      be valid unless executed by the party to be bound thereby. No waiver of any
      of
      the provisions of the Agreement shall be deemed to or shall constitute a waiver
      of any other provisions hereof (whether or not similar), nor shall such waiver
      constitute a continuing waiver unless otherwise expressly provided.

     

    5.6            
      Notice.
      Any
      notice or other communication required or permitted hereunder shall be in
      writing and shall be deemed to have been given (i) if personally delivered,
      when
      so delivered, (ii) if mailed, one (1) week after having been placed in the
      United States mail, registered or certified, postage prepaid, addressed to
      the
      party to whom it is directed at the address set forth below or (iii) if given
      by
      telecopier, when such notice or other communication is transmitted to the
      telecopier number specified below and the appropriate answerback confirmation
      is
      received. Either party may change the address to which such notices are to
      be
      addressed by giving the other party notice in the manner herein set
      forth.

     

                    5.7           
      Attorneys’
      Fees.
      In the
      event either party takes legal action to enforce any of the terms of the
      Agreement, the unsuccessful party to such action shall pay the successful party
      to such action shall pay the successful party’s expenses, including attorneys’
fees, incurred in such action.

     

                    5.8           
       Third
      Parties.
      Nothing
      in the Agreement, expressed or implied, is intended to confer upon any person
      other than the Company or the Employee any rights or remedies under or by reason
      of the Agreement.

     

                    5.9          
       Arbitration.
      Any
      controversy arising out of or relating to this Agreement or the transactions
      contemplated hereby shall be referred to arbitration before the American
      Arbitration Association strictly in accordance with the terms of this Agreement
      and the substantive law of the State of California. The board of arbitrators
      shall convene at a place mutually acceptable to the parties in the State of
      California and, if the place of arbitration cannot be agreed upon, arbitration
      shall be conducted in Anaheim. The parties hereto agree to accept the decision
      of the board of arbitrators, and judgment upon any award rendered hereunder
      may
      be entered in any court having jurisdiction thereof. Neither party shall
      institute a proceeding hereunder until that party has furnished to the other
      party, by registered mail, at least thirty (30) days’ prior written notice of
      its intent to do so.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

                    
      

                    5.10          
      Construction.
      If any
      part of this Agreement is deemed to be unclear or ambiguous, it shall be
      construed as if it were drafted jointly by the parties. Each party hereto
      acknowledges that no party was in a superior bargaining position regarding
      the
      substantive terms of this Agreement.

     

                    5.11         
       Consent
      to Jurisdiction.
      Subject
      to paragraph 5.9, each party hereto, to the fullest extent it may effectively
      do
      so under applicable law, irrevocably (i) submits to the exclusive jurisdiction
      of any court of the State of California or the United States of America sitting
      in the City of Fresno over any suit, action or proceeding arising out of or
      relating to this Agreement, (ii) waives and agrees not to assert, by way of
      motion, as a defense or otherwise, any claim that it is not subjection to the
      jurisdiction of any such court, any objection that it may now or hereafter
      have
      to the establishment of the venue of any such suit, action or proceeding brought
      in any such court and any claim that any such suit, action or proceeding brought
      in any such court has been brought in an inconvenient forum, (iii) agrees that
      a
      judgment in any such suit, action or proceeding brought in any such court shall
      be conclusive and binding upon such party and may be enforced in the courts
      of
      the United States of America or the State of California (or any other courts
      to
      the jurisdiction of which such party is or may be subject) by a suit upon such
      judgment and (iv) consents to process being served in any such suit, action
      or
      proceeding by mailing a copy thereof by registered or certified air mail,
      postage prepaid, return receipt requested, to the address of such party
      specified in or designated pursuant to paragraph 5.6. Each party agrees that
      such service (i) shall be deemed in every respect effective service of process
      upon such party in any such suit, action or proceeding and (ii) shall, to the
      fullest extent permitted by law, be taken and held to be valid personal service
      upon and personal delivery to such party.

     

    5.12          
      Compliance
      with Section 409A of the Code.
      If the
      Employee is a key employee of the Company as defined in Section 416(i) (without
      regard to paragraph 5 thereof) of the Code and if any stock of the Company
      is
      publicly traded on an established securities market or otherwise, then the
      benefit payments to Employee pursuant to Section 3.2 and Section 3.3 of this
      Agreement following Employee’s Separation of Service for any reason other than
      death shall be deferred for a period of at least six months after the date
      of
      Separation of Service at which time the first payment of such benefit payment
      shall on the first day of the seventh month following the date of Employee’s
      Separation of Service and be equal to the amount of payments that would have
      otherwise been paid to Employee if Employee were not a key
      employee.

    

     
      The term “Separation from Service” means the termination of the Employee’s
      employment with the Company for reasons other than death or Disability. Whether
      a Separation from Service takes place is determined based on the facts and
      circumstances surrounding the termination of the Employee’s employment and
      whether the Company and the Employee intended for the Employee to provide
      significant services for the Employer following such termination. A termination
      of employment will be considered a Separation from Service if the Employee’s
      services provided to the Company are reasonably expected to permanently decrease
      to an annual rate that is twenty percent (20%) or less of the services rendered,
      on average, during the immediately preceding three full calendar years.
      Furthermore, a termination of employment will not be considered a Separation
      from Service, if  the
      Employee continues to provide services to the Company in a capacity other than
      as an employee of the Employer at an annual rate that is fifty percent (50%)
      or
      more of the services rendered, on average, during the immediately preceding
      three years. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

     This
      Agreement shall at all times be administered in compliance with the requirements
      of §409A of the Code and any and all regulations thereunder, including such
      regulations as may be promulgated after the date and year first set forth
      above.

     

     
IN
      WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
      as
      of the date and year first set forth above.

     

    
      	 	 	 
	 	United
              Security Bank
	 
 	 
 	 
 
	 	By:  	 /s/
              Kenneth
              L. Donahue
	 	
              Its

            	
              
                
SVP
                / CFO

            

    

    
    

     

    
      	 	 	 
	 	United
              Security Bancshares
	 
 	 
 	 
 
	 	By:  	/s/
              Ronnie D. Miller
	 	 

              Its

            	
              
 Vice
              Chairman

    

     

    
      	 	 	 
	 	EMPLOYEE
	 
 	 
 	 
 
	 	By:  	 /s/
              Dennis R. Woods
	 	 

              Its

            	
              
 Dennis
              R. Woods

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