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                                                                  Exhibit 10.21

                        AMENDMENT TO EMPLOYMENT AGREEMENT

                  This Amendment to the Employment Agreement entered into as of
April 2, 1999, by and between General Instrument Corporation, a Delaware
Corporation (the "Company"), and Edward D. Breen ("Executive") (such agreement,
the "Employment Agreement") is among the Company, Executive, and Motorola, Inc.
("Motorola") and is dated as of 12/22, 1999.

                  WHEREAS, the Company, Motorola and Lucerne Acquisition Corp.
have entered into an Agreement and Plan of Merger dated as of September 14, 1999
(such agreement, as amended from time to time, the "Merger Agreement"), pursuant
to which the Company will become a wholly owned subsidiary of Motorola in a
merger (the "Merger"); and

                  WHEREAS, Executive is employed by the Company as its Chief
Executive Officer pursuant to the Employment Agreement; and

                  WHEREAS, the Company and Motorola wish to ensure that they
will continue to receive the benefit of Executive's services following the
Merger, and to provide for the terms and conditions of Executive's employment by
Motorola following the Merger, and Executive is willing to remain so employed on
such terms and conditions;

                  NOW, THEREFORE, the parties hereto, intending to be legally
bound, hereby agree as follows:

                  1. RETENTION PROGRAM. (a) As soon as practicable after the
Effective Time (as defined in the Merger Agreement), but in no event later than
the end of the first fiscal quarter of Motorola that ends after the Effective
Time, Motorola shall grant Executive stock options with respect to 225,000
shares (the "Closing Options") with an exercise price equal to the fair market
value of the underlying shares on the date of grant, and 25,000 shares of
restricted stock (the "Closing Shares"), in each case pursuant to the Motorola
Incentive Plan of 1998 (the "Motorola Incentive Plan"), subject to appropriate
adjustment as to the number of shares if an event described in Section 3.3 of
the Motorola Incentive Plan (an "Adjustment Event") occurs on or before the date
of grant. The Closing Options shall be scheduled to vest in four equal
installments on each of the first four anniversaries of the date of grant, and
all of the Closing Shares shall vest on the second anniversary of the day on
which the Effective Time occurs, in each case subject to Executive's continued
employment, and the Closing Options and the Closing Shares shall otherwise be
subject to the terms and conditions of the Motorola Incentive Plan.

                  (b)      At the time when Motorola makes its annual stock
option grants to executives for the fiscal year following the fiscal year in
which the Effective Time occurs, Motorola shall grant Executive stock options
with respect to 100,000 shares pursuant to the Motorola Incentive Plan, or any
successor thereto, subject to appropriate adjustment as to the number of shares
if an Adjustment Event occurs on or before the date of grant. Such options shall
have an exercise price equal to the fair market value of the underlying shares
on the date of grant, and shall otherwise be subject to the terms and conditions
of the Motorola Incentive Plan.

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                  (c)      If Executive remains employed by Motorola or one of
its Affiliates from the date on which the Effective Time occurs through the
second anniversary thereof, Executive shall receive a one-time Retention Cash
Bonus equal to $1,196,000.

                  (d)      Except as specifically provided below, the foregoing
compensation shall be in addition to the compensation to which Executive is
entitled pursuant to the Employment Agreement, as amended hereby.

                  2.       EMPLOYMENT TRANSFER. It is acknowledged and agreed
that Executive may, at and/or from time to time after the Effective Time, be
transferred to the employment of Motorola or a Subsidiary of Motorola, and that
in connection with any such transfer, the Company may assign to the employing
entity its rights, and cause the employing entity to assume its obligations,
under the Employment Agreement and this Amendment. In such event, references to
the Company in the Employment Agreement and this Amendment shall be deemed to
refer to such employing entity.

                  3.       AMENDMENTS TO EMPLOYMENT AGREEMENT. The following
amendments to the Employment Agreement shall be effective as of the Effective
Time.

                  (a)      EMPLOYMENT TERM. Notwithstanding Section 1.1 of the
Employment Agreement, the "Employment Term" shall mean the period ending on the
second anniversary of the date on which the Effective Time occurs, and shall not
be further renewed or extended except by written agreement among the parties
hereto.

                  (b)      DUTIES AND RESPONSIBILITIES. Section 1.2 of the
Employment Agreement shall be amended to read in its entirety as follows:

                  During the Employment Term, Executive shall serve as Executive
                  Vice President and President, Broadband Communications Sector,
                  with overall responsibilities for the strategic, tactical and
                  operational success of the Broadband Communications Sector,
                  and such other duties and responsibilities appropriate to such
                  position as may be assigned to him from time to time by the
                  Executive Vice President and President, Motorola
                  Communications Enterprise, to whom Executive shall report.
                  Executive shall also serve in such other senior positions with
                  Motorola, the Company and their affiliates to which he may be
                  elected or appointed from time to time during the Employment
                  Term.

                  (c)      BASE SALARY. Notwithstanding Section 1.4 of the
Employment Agreement, Executive's Base Salary shall be not less than $650,000
annually.

                  (d)      RETIREMENT AND WELFARE PLANS. Section 1.5(b) of the
Employment Agreement shall not apply after the Effective Time; provided that
Motorola shall provide, or cause one of its Subsidiaries to provide, Executive
with life insurance coverage in the amount of $7.5 million from the Effective
Time until his employment with Motorola and its Subsidiaries terminates.

                  (e)      VACATION. It shall not be considered a violation of
Section 1.6 of the Employment Agreement if Executive's vacation, holiday and
other pay for time not worked is governed by the terms of the policies of
Motorola rather than those of the Company.

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                  (f)      ANNUAL INCENTIVE COMPENSATION. Notwithstanding
Section 1.7 of the Employment Agreement, beginning with the fiscal year 2001,
Executive shall participate in the short-term incentive compensation program of
Motorola for senior-level executives of Motorola generally, rather than in such
programs of the Company, and he shall have opportunities thereunder commensurate
with the opportunities provided to such other senior executives, and the target
for determining his annual bonus under such program shall be established in
accordance with Motorola's policy.

                  (g)      LONG-TERM INCENTIVE COMPENSATION. In recognition of
the specific long-term incentive compensation provided pursuant to Section 1 of
this Amendment, Section 1.8 of the Employment Agreement shall not apply after
the Effective Time. Effective January 1, 2000, Executive shall be entitled to
participate in the Motorola Long-Range Incentive Program.

                  (h)      RELEASE. It is acknowledged that the Release required
to be executed pursuant to Section 3 of the Employment Agreement shall extend to
Motorola and all of its Subsidiaries and Affiliates, and that the form thereof
attached to the Employment Agreement as Annex I shall be amended to the extent
necessary or appropriate to reflect such extension.

                  (i)      TERMINATION BENEFITS. The references in Sections
3.1(b) and (c), 3.2, 3.3 and 3.4 of the Employment Agreement to plans of the
Company shall include any plans of Motorola in which Executive may participate,
but Executive shall not be entitled to duplicate benefits under plans of the
Company and Motorola.

                  (j)      COORDINATION WITH MOTOROLA CHANGE OF CONTROL
AGREEMENT. Section 3.1(d) of the Employment Agreement is hereby amended by
adding a new sentence at the end thereof, reading in its entirety as follows:
"Notwithstanding any other provision of this Agreement, if Executive hereafter
becomes a party to any agreement with Motorola or any of its Subsidiaries
providing for severance pay and/or benefits upon termination of employment upon,
after or in connection with a change of control (however defined), then the
severance pay and benefits due under such agreement shall first be determined as
if Executive were not a party to this Agreement (the "Subsequent Severance"),
and the payments and benefits to which Executive would otherwise be entitled
pursuant to this Section 3 shall be offset by the Subsequent Severance so that
there is no duplication thereof."

                  (k)      CHANGE OF CONTROL. It is acknowledged and agreed that
the approval of the Merger by the Company's stockholders will be a "Change of
Control" as defined in Section 3.7, and that if such approval occurs, no
subsequent event shall be deemed to be a Change of Control for purposes of the
Employment Agreement. In no event shall Executive be entitled to the $9 million
payment described in Section 3.1(c)(iii) of the Employment Agreement.

                  (l)      GOOD REASON. Notwithstanding Section 3.7(f) of the
Employment Agreement, no change in Executive's terms and conditions of
employment that is provided for in this Amendment shall be considered to be
"Good Reason." Without limiting the generality of the foregoing, Section
3.7(f)(i) of the Employment Agreement is hereby amended to read in its entirety
as follows:

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                  an adverse change in Executive's duties and responsibilities,
                  including reporting responsibilities, that is inconsistent
                  with the provisions of Section 1.2 hereof, as amended by
                  Section 2(b) of the Amendment dated _______, 1999, except in
                  connection with the termination of his employment for
                  Disability, Cause, as a result of his death or by Executive
                  other than for Good Reason;

In addition, Executive expressly acknowledges and agrees that the Company has
complied with the requirements of Section 10(b) of the Employment Agreement in
connection with the Merger.

                  (m)      CERTAIN REFERENCES. All references to the "Board" in
the Employment Agreement, other than in Section 3.7(c), shall be deemed to be
references to the Board of Directors of Motorola or a committee of such Board of
Directors with the authority of the Board to act with respect to the matters
described. The references to "the Company" (as opposed to plans of the Company)
in Sections 4.2(b), 4.2(c), 4.2(d), 4.2(e), 8 and 13 shall be deemed to be
references to "Motorola." The references to "the Company" in Sections 1.3,
1.5(a), 2, 3.7(b), 4.2(a), 5, 10(b) and 15 shall be deemed to be references to
"the Company and/or Motorola."

                  (n)      NOTICES. Whenever a notice is given pursuant to the
Employment Agreement to the Company, a copy of such notice shall be given to
Motorola. All notices to Motorola pursuant to the Employment Agreement of this
Amendment shall be given to it at:

                           Motorola, Inc.
                           1303 East Algonquin Road
                           Schaumberg, Illinois  60196
                           Telecopier No.:  (847) 576-3628
                           Attention:  General Counsel

or to such other names or addresses as Motorola shall designate by notice
pursuant to Section 9 of the Employment Agreement.

                  (o)      DEFINED TERMS. The term "Subsidiary" as used herein
means any entity in an unbroken chain of entities beginning with Motorola and
ending with such entity, with each entity in such chain, beginning with
Motorola, and other than the last entity in the chain, owning an equity interest
representing at least fifty percent of the voting power or value of the next
entity in such chain. Capitalized terms used and not defined in this Amendment
shall have the meanings given to them in the Severance Protection Agreement.

                  4.       This Amendment, together with the Employment
Agreement as amended hereby, set forth the entire understanding among the
parties hereto with respect to the subject matter hereof. Without limiting the
generality of the foregoing, this Amendment supersedes the Memorandum to
Executive from Keith Bane and Merle Gilmore dated October 8, 1999.

                  5.       This Amendment shall be null and void and of no
further effect if the Merger Agreement is terminated without consummation of the
Merger

                                      -4-
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                  IN WITNESS WHEREOF, the undersigned, intending to be legally
bound, have executed this Agreement as of the date first above written.

                                         GENERAL INSTRUMENT CORPORATION

                                         By:
                                             ---------------------------------

                                         MOTOROLA, INC.

                                         By:
                                             ---------------------------------

                                         -------------------------------------
                                         Edward D. Breen

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EXHIBIT 10.3  

 
 

EMPLOYMENT AGREEMENT    
  

        THIS AGREEMENT is made this 31st day of May, 2000, by and between COAST NATIONAL
BANK (the "Bank"), having a principal place of business at 486 Marsh Street, San Luis Obispo, California 93401, and JACK C.
WAUCHOPE ("Executive"), whose residence address is 6348 Mira Cielo, San Luis Obispo, California 93401. 

W I T N E S S E T H:  

        WHEREAS, the Bank is a national banking association, with power to own property and carry on its business as it is now being conducted; 

        WHEREAS,
the Bank desires to avail itself of the skill, knowledge and experience of Executive in order to insure the successful management of its business; and 

        WHEREAS,
the parties hereto desire to specify the terms and conditions of Executive's employment by the Bank; 

        NOW,
THEREFORE, in consideration of the mutual covenants hereinafter set forth, and intending to be legally bound, it is agreed that from and after June 1, 2000 (the "Effective
Date"), the following terms and conditions shall apply to Executive's said employment: 

        A.    TERM OF EMPLOYMENT

        The
Bank hereby employs Executive, and Executive hereby accepts employment with the Bank, for a term of three (3) years, commencing on June 1, 2000, and ending on
May 31, 2003, unless terminated sooner in accordance with Section F. below. Upon expiration of this Agreement, the respective rights and obligations of the Parties hereunder shall cease,
except for any term that is subject to an express survival provision (e.g., Subsection D.5). 

        B.    DUTIES OF EXECUTIVE

        1.    Duties.    Executive shall perform the duties of President and Chief Executive Officer
of the Bank, subject to the powers by law vested in the Board of Directors of the Bank and in the Bank's shareholders. During the Term, Executive shall perform exclusively the services herein
contemplated to be performed by Executive faithfully, diligently and to the best of Executive's ability, consistent with the highest and best standards of the banking industry and in compliance with
all applicable laws and the Bank's Articles of Association and Bylaws. 

        2.    Conflicts of Interest.    Except as permitted by the prior written consent of the Board
of Directors of the Bank, Executive shall devote Executive's entire productive time, ability and attention to the business of the Bank during the Term, and Executive shall not directly or indirectly
render any services of a business, commercial or professional nature, to any other person, firm or corporation, whether for compensation or otherwise, which are in conflict with the Bank's interests.
Notwithstanding the foregoing, Executive may make investments of a passive nature in any business or venture. 

Page 1 of  6

 

        C.    COMPENSATION

        1.    Salary.    For Executive's services hereunder, the Bank shall pay or cause to be paid as
annual base salary to Executive in accordance with the following schedule during the term of this Agreement: 

	 	 	June 1, 2000 - May 31, 2001	 	$135,000.00 (gross);
	 	 	June 1, 2001 - May 31, 2002	 	$150,000.00 (gross); and
	 	 	June 1, 2002 - May 31, 2003	 	$165,000.00 (gross).

        Said salary shall be payable in equal installments in conformity with the Bank's normal payroll practice, and shall be paid less all applicable taxes,
withholdings, and deductions. 

        2.    Bonuses.    Executive may receive an annual bonus in an amount to be determined by the
Board of Directors in its sole discretion. 

        D.    EXECUTIVE BENEFITS

        1.    Vacation.    Executive shall be entitled to up to four (4) weeks of vacation each
year during the Term, which vacation shall be taken at such times as are agreed upon by Executive and the Board of Directors; provided, however, that during each year of the Term, Executive is
required to and shall take at least two (2) weeks of said vacation (the "Mandatory Vacation"), which shall be taken consecutively. Executive shall not be entitled to vacation pay in lieu of
vacation; provided, however, that any vacation days earned but not used in any year may be carried over to future years, subject to any cap or limitation on vacation benefit accrual that may be
contained in the Bank's Employee Policy Guide (which cap or limitation is hereby incorporated by reference). 

        2.    Automobile.    Commencing on the Effective Date and during the entire Term hereunder,
the Bank shall pay to Executive, as an automobile allowance, the sum of Five Hundred Dollars ($500) per month. 

        3.    Group Medical and Life Insurance Benefits.    The Bank, at its expense, shall provide
for Executive medical, dental, accident and health, and income continuation insurance benefits (including disability) equivalent to the normal and customary benefits available from time to time under
the California Banker's Association Group Insurance Program (or equivalent) for an employee of Executive's salary level. In addition, the Bank, at its expense, will provide Executive with permanent
life insurance benefits of Four Hundred Thousand Dollars ($400,000). Said coverage shall be in existence or shall take effect as of the Effective Date hereof and shall continue throughout the Term.
Executive shall be the individual owner of such life insurance policy with all associated benefits. The Bank's liability to Executive for any breach of this Subsection D.3 shall be limited to the
amount of premiums payable by the Bank to obtain the coverage contemplated herein. 

        4.    Stock Option.    In addition to those stock options that have already been granted to
the Executive prior to the commencement of this Agreement, during the term of this Agreement, the Bank may grant to Executive stock options to purchase the Bank's common stock in such amount as may be
determined in the sole discretion of the Board of Directors of the Bank and pursuant to such terms as are contained in the Stock Option Plan approved by the Bank's shareholders and as may be in effect
during the term of this Agreement. 

        5.    Club Membership.    During the Term of this Agreement, the Bank shall provide the
Executive with a membership to the San Luis Obispo Golf and Country Club ("SLOGCC") in San Luis Obispo, California, at no cost to the Executive. The Bank agrees to pay Executive's dues in SLOGCC, all
further assessments by SLOGCC, and all other expenses reasonably and necessarily 

Page 2 of  6

 

incurred by Executive in connection with the Executive's maintenance and use of the Membership for business-related purposes during the Term of this Agreement. 

        The
Parties acknowledge and agree that although the Membership shall be held in the Executive's name during the Term of this Agreement, the Membership shall remain an asset of the Bank
during the term of this Agreement, and the Executive may not sell, transfer, encumber or hypothecate in any manner the Membership without the Bank's prior written authorization. The Parties also agree
that upon the cessation of the Executive's employment with the Bank under this Agreement for any reason, including voluntary resignation or retirement, the Executive shall purchase the Membership from
the Bank. The purchase price to the Executive shall be $16,975.00, payable to the Bank in cash no later than ninety (90) days after the Executive's last day of active employment with the Bank.
The Executive hereby consents to the Bank's assignment of its rights hereunder in the event that the Bank is acquired by or is merged with another financial institution. 

        The
provisions of this Subsection D.5, shall be binding on and inure to the benefit of each Parties' successors and heirs, and shall survive the expiration of this Agreement and the
termination of the Executive's employment with the Bank. 

        E.    REIMBURSEMENT FOR BUSINESS EXPENSES

        Executive
shall be entitled to reimbursement by the Bank for any ordinary and necessary business expenses incurred by Executive in the performance of Executive's duties and in acting for
the Bank during the Term, which types of expenditures shall be determined by the Board of Directors, provided that: 

        1.    Each
such expenditure is of a nature qualifying it as a proper deduction on the federal and state income tax returns of the Bank as a business expense and not as
compensation to Executive; and 

        2.    Executive
furnishes to the Bank adequate records and other documentary evidence required by federal and state statutes and regulations issued by the appropriate taxing
authorities for the substantiation of such expenditures as deductible business expenses of the Bank and not as compensation to Executive. 

        F.    TERMINATION

        1.    At-Will Employment.    Pursuant to the provisions of 12 U.S.C.
Section 24 (i.e., The National Bank Act) and notwithstanding any other provision to the contrary contained herein, it is agreed by the parties hereto that the Executive's employment hereunder
shall be at-will, and that the Bank may at any time elect to terminate this Agreement and Executive's employment by the Bank for any reason by action of its Board of Directors, which
action shall be deemed to have been taken upon the affirmative vote of at least a majority of the authorized number of Directors of the Bank. Any termination under this Subsection F.1 shall be
effective immediately upon the Bank's giving of notice to Executive, and all liability or obligation by the Bank hereunder to Executive (except for severance benefits, as may be provided below) shall
thereupon cease. Such termination shall not prejudice any remedy which the Bank may have at law, in equity, or under this Agreement. 

        2.    Severance Upon Termination Without "Cause".    In the event that the Executive's
employment hereunder is terminated without "Cause" (as hereinafter defined below), the Bank shall provide Executive with severance benefits consisting of the following: (a) severance pay in a
sum equivalent to Executive's then existing base salary for a period of twelve (12) months next following Executive's termination (in lieu of any payments otherwise due for the balance of the
Term), which payment shall be payable to Executive in one lump sum payment on the effective date of termination of Executive's employment hereunder; and (b) continuation of insurance 

Page 3 of  6

 

benefits provided to Executive hereunder for a period not to exceed sixty (60) days after termination. The parties agree that the provision of such severance benefits shall constitute full and
complete performance by the Bank of its obligations hereunder. 

        For
purposes of this Subsection F.2., "Cause" shall be deemed to exist if: (a) Executive fails to perform or habitually neglects the duties which he is required to perform
hereunder, (b) Executive engages in illegal activity which materially adversely affects the Bank's reputation in the community or which evidences the lack of Executive's fitness or ability to
perform Executive's duties as determined by the Board of Directors in good faith, or (c) Executive commits any act which would cause termination of coverage under the Bank's Bankers' Blanket
Bond as to Executive (as distinguished from termination of coverage as to the Bank as a whole). 

        3.    Death or Disability.    In the event of Executive's death, or if Executive is found to
be physically or mentally disabled (as hereinafter defined) as determined by the Board of Directors in good faith, this
Agreement shall terminate without any further liability or obligation to Executive, including any obligation to provide severance benefits pursuant to Subsection F.2. above. 

        For
purposes of this Agreement only, "physically or mentally disabled" shall be defined as Executive being unable to fully perform under this Agreement for a continuous period of ninety
(90) days or a cumulative period of one hundred twenty (120) days in any one calendar year. If there should be a dispute between the Bank and Executive as to Executive's physical or
mental disability for purposes of this Agreement, the question shall be settled by the opinion of an impartial reputable physician or psychiatrist agreed upon by the parties or their representatives,
or if the parties cannot agree within ten (10) days after a request for designation of such party, then by a physician or psychiatrist designated by the Los Angeles County Medical Association.
The certification of such physician or psychiatrist as to the question in dispute shall be final and binding upon the parties hereto. 

        4.    Action by Supervisory Authority.    If the Bank is closed or taken over by the
Comptroller of the Currency or other supervisory authority, including the Federal Deposit Insurance Corporation, or if such supervisory authority should exercise its enforcement powers to remove
Executive from office or suggest such removal, the Bank may immediately terminate this Agreement without further liability or obligation to Executive, including any obligation to provide severance
benefits pursuant to Subsection F.2. above. 

        5.    Merger or Corporate Dissolution.    In the event of (a) a merger where the Bank
is not the surviving entity, (b) a consolidation, (c) a transfer of all or substantially all of the assets of the Bank, (d) any other corporate reorganization where there is a
change in ownership of at least forty-five percent (45%) except as may result from a transfer of shares to another corporation in exchange for at least eighty percent (80%) control of that
corporation, or (e) the dissolution of the Bank, this Agreement may be terminated without further liability or obligation to Executive (including any obligation to provide severance benefits
pursuant to Subsection F.2. above) by the Bank or the surviving bank, in the event of a merger, or the transferee of assets, in the event of a purchase or sale; provided, however, that if Executive's
employment is terminated as a result thereof, then the Bank, the surviving bank or the transferee of assets, as the case may be, shall pay to Executive a sum equivalent to Executive's then existing
base salary for a period of twelve (12) months next following Executive's termination (in lieu of any payments otherwise due for the balance of the Term). Such payment shall be payable to
Executive in one lump sum payment on the effective date of termination of Executive's employment hereunder. Such action shall not be construed as a breach of this Agreement, as the payment of such sum
shall constitute full and complete performance by the Bank (or any successor-in-interest) of its obligations hereunder. Notwithstanding any provision to the contrary in this
Subsection F.5, no severance benefits shall be payable to Executive hereunder if Executive's employment is terminated for any of the reasons delineated in Subparagraph F.2 hereof. 

Page 4 of  6

 

        6.    Effect of Termination.    In the event of the termination of this Agreement prior to the
completion of the Term specified herein, Executive shall be entitled to the salary earned by Executive prior to the date of termination as provided for in this Agreement, computed  pro rata up to and
including that date; but
Executive shall be entitled to no further compensation for services rendered after the date of termination, except as provided in Subsections F.2 and F.5 above in the event that if Executive's
employment is terminated pursuant to either Subsection F.2 or F.5 hereof. 

        G.    GENERAL PROVISIONS

        1.    Trade Secrets.    During the Term, Executive will have access to and become acquainted
with what Executive and the Bank acknowledge are trade secrets, to wit, knowledge or data concerning the Bank, including its operations and business, and the identity of customers of the Bank,
including knowledge of their financial condition, their financial needs, as well as their methods of doing business. Executive shall not disclose any of the aforesaid trade secrets, directly or
indirectly, or use them in any way, either during the Term or for a period of one (1) year after the termination of this Agreement, except as required in the course of Executive's employment
with the Bank. The provisions of this Subsection G.1. shall survive the expiration or termination of this Agreement. 

        2.    Covenant Not to Compete.    Executive hereby covenants and agrees that, for a period of
one (1) year after termination of this Agreement and for any period during which Executive receives any compensation from the Bank, Executive shall not engage in the business of banking
anywhere within the County of San Luis Obispo. The provisions of this Subsection G.2. shall survive the termination of this Agreement, but shall not survive the expiration of this Agreement pursuant
to Section 1 above. 

        3.    Indemnification.    To the maximum extent permitted by applicable law, the Articles of
Association, Bylaws and/or resolutions of the Bank in effect from time to time, the Bank shall indemnify Executive against liability or loss arising out of Executive's actual or asserted misfeasance
or non-feasance in the performance of Executive's duties or out of any actual or asserted wrongful act against, or by, the Bank including but not limited to judgments, fines, settlements and expenses
incurred in the defense of actions, proceedings and appeals therefrom. The provisions of this Subsection G.3 shall apply to the estate, executor, administrator, heirs, legatees or devisees of
Executive. 

        4.    Return of Documents.    Executive expressly agrees that all manuals, documents, files,
reports, studies, instruments or other materials used and/or developed by Executive during the Term are solely the property of the Bank, and that Executive has no right, title or interest therein.
Upon termination of this Agreement, Executive or Executive's representative shall promptly deliver possession of all of said property to the Bank in good condition. 

        5.    Notices.    Any notice, request, demand or other communication required or permitted
hereunder shall be in writing and shall be deemed to be duly given upon personal delivery (professional courier acceptable); three (3) calendar days following deposit in the United States mail
by either certified or registered mail, with return receipt requested, postage prepaid; or upon receipt of written confirmation of transmission if delivered by facsimile, addressed to the party at the
address appearing at the
beginning of this Agreement. Either party may change its address by written notice in accordance with this Subsection G.5. 

        6.    Applicable Law.    This Agreement is to be governed by and construed in accordance with
the laws of the State of California. 

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

Page 5 of  6

 

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

        9.    Entire Agreement.    This Agreement contains the entire agreement of the parties. It
supersedes any and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Executive by the Bank. Notwithstanding the foregoing, the Parties'
Employment Agreement dated May 13, 1997, shall remain in full force and effect until the Effective Date of this Agreement. Each party to this Agreement acknowledges that no 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 embodied herein, and that no other agreement, statement, or
promise not contained in this Agreement shall be valid or binding. This Agreement may not be modified or amended by oral agreement, but only by an agreement in writing signed by the Bank and
Executive. 

        10.    Receipt of Agreement.    Executive hereby acknowledges that he has read this Agreement
in its entirety and does hereby acknowledge receipt of a fully executed copy thereof. A fully executed copy shall be an original for all purposes, and is a duplicate original. 

        11.    Review by Counsel.    Executive represents and warrants to the Bank that he has had
this Agreement reviewed by independent legal counsel of his choice, or if he has not, that he has had the opportunity to do so, and hereby waives any claim, objection or defense on the grounds that
this Agreement has not been reviewed by legal counsel of his choice. 

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

	 	 	COAST NATIONAL BANK
	

 	
 	
BY:	

/s/  JOHN F. GUHRING      

	

 	
 	

BY:	

/s/  [ILLEGIBLE]      

	

/s/  JACK C. WAUCHOPE      
 Jack C. Wauchope
 ("Executive")	
 	

 	

 

Page 6 of  6

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EMPLOYMENT AGREEMENT

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