Document:

Salary Continuation Agreement for Stephen G. Hoffman

 Exhibit 10.4 
 CANYON NATIONAL BANK 
 SALARY CONTINUATION AGREEMENT 
 THIS AGREEMENT is adopted this 1st day of September, 2003, by and between CANYON NATIONAL BANK, a nationally-chartered commercial bank located in Palm
Springs, California (the “Company”), and STEPHEN HOFFMANN (the “Executive”). 
 INTRODUCTION 
 To encourage the Executive to remain an employee of the Company, the Company is willing to provide salary continuation benefits to the Executive. The
Company will pay the benefits from its general assets. 
 AGREEMENT 
 The Company and the Executive agree as follows: 
 Article 1. 
 Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 
 1.1
“Change of Control” means (a) the sale of all or substantially all the assets of the Company; (b) the transfer of shares of the Company’s voting common stock such that one entity or one person acquires (or is deemed to acquire
when applying Section 318 of the Code) more than 50 percent of the Company’s outstanding voting common stock, other than the acquisition of substantially all the outstanding common stock of the Company by a holding company as the result of a
holding company reorganization, which holding company is owned by the shareholders of the Company as constituted immediately prior to such reorganization (a “Holding Company Reorganization”); or (c) a merger or reorganization involving the
Company (other than a Holding Company Reorganization) after which more than 50% of the outstanding voting common stock of the survivor of such merger or reorganization is no longer, directly or indirectly, owned by the shareholders of the Company as
constituted immediately prior to such merger or reorganization. 
 1.2 “Code” means the Internal Revenue Code of 1986, as
amended. 
 1.3 “Disability” means the Executive’s suffering a sickness, accident or injury which has been determined
by the carrier of any individual or group disability insurance policy covering the Executive, or by the Social Security Administration, to be a disability rendering the Executive totally and permanently disabled. The Executive must submit proof to
the Company of the carrier’s or Social Security Administration’s determination upon the request of the Company. 
 1.4
“Early Termination” means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control. 

 1.5 “Early Termination Date” means the month, day and year in which Early Termination
occurs. 
 1.6 “Effective Date” means September 1, 2003. 
 1.7 “Normal Retirement Age” means the Executive attaining 65 years of age. 
 1.8 “Normal Retirement Date” means the later of the Normal Retirement Age or Termination of Employment. 
 1.9 “Plan Year” means a twelve-month period commencing on September 1 and ending on August 31 of each year. The initial Plan Year
shall commence on the Effective Date of this Agreement. 
 1.10 “Termination for Cause” shall be defined as set forth in
Article 5. 
 1.11 “Termination of Employment” means that the Executive ceases to be employed by the Company for any reason,
other than by reason of a leave of absence approved by the Company. 
 Article 2. 
 Lifetime Benefits 
 2.1 Normal
Retirement Benefit. Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this
Agreement. 
 2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is $60,000 (Sixty Thousand Dollars). The
Company’s Board of Directors, in its sole discretion, may increase the annual benefit under this Section 2.1.1; however, any increase shall require the recalculation of Schedule A. 
 2.1.2 Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month
following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years. 
 2.1.3
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company’s Board of Directors, at its sole discretion, may increase the benefit. 
 2.2 Early Termination Benefit. Upon Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.2 in lieu of
any other benefit under this Agreement. 
 2.2.1 Amount of Benefit. The annual benefit under this Section 2.2 is 100% of the Vested
Benefit set forth in Schedule A for the Plan Year in which the Termination of Employment occurs. Any increase in the annual benefit under Section 2.1.1 shall require the recalculation of this benefit on Schedule A. 
  

 2 

 2.2.2 Payment of Benefit. The Company shall pay the annual benefit specified in Section 2.2.1 to
the Executive in 12 equal monthly installments commencing with the month following the Normal Retirement Age, paying the annual benefit to Executive for a period of 15 years. 
 2.3 Disability Benefit. Upon the Executive’s Termination of Employment prior to Normal Retirement Age due to Disability, the Company shall
pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit under this Agreement. 
 2.3.1 Amount of
Benefit. The annual benefit under this Section 2.3 is 100% of the Vested Benefit set forth on Schedule A for the Plan Year in which Termination of Employment for Disability occurs. Any increase in the annual benefit under Section 2.1.1 shall
require the recalculation of this benefit on Schedule A. 
 2.3.2 Payment of Benefit. The Company shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the month following the month in which the date of Disability occurs, paying the annual benefit to the Executive for a period of 15 years.  
 2.3.3 Benefit Increases. Benefit payments may be increased as provided in Section 2.1.3. 
 2.4 Change of Control Benefit. Upon a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.4 in lieu
of any other benefit under this Agreement. 
 2.4.1 Amount of Benefit. The annual benefit under this Section 2.4 is the Change of
Control Annual Installment set forth on Schedule A for the Plan Year in which Termination of Employment occurs, determined by vesting the Executive in the Normal Retirement Benefit described in Section 2.1.1. Any increase in the annual benefit under
Section 2.1.1 shall require the recalculation of this benefit on Schedule A. 
 2.4.2 Payment of Benefit. The Company
shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Normal Retirement Age, paying the annual benefit to the Executive for a period of 15 years. 
 2.4.3 Benefit Increases. Benefit payments may be increased as provided in Section 2.1.3. 
 Article 3. 
 Death Benefits 
 3.1 Death During Active Service. Upon the Executive’s death while in the active service of the Company, the Company shall pay to the
Executive’s designated beneficiary, or if no beneficiary has been designated, to Executive’s estate, the benefit described in this Section 3.1 in lieu of any other benefit under this Agreement. 
  

 3 

 3.1.1 Amount of Benefit. The annual benefit under this Section 3.1 is 100% of the Vested Benefit
set forth in Schedule A for the Plan Year in which death occurs. 
 3.1.2 Payment of Benefit. The Company shall pay the annual benefit
to Executive’s beneficiary or estate in 12 equal monthly installments commencing with the month following the month in which the date of death occurs, paying the annual benefit to Executive’s beneficiary or estate for a period of 15 years.

 3.2 Death Following Active Services. The Executive’s death at any other than during active service of the Company shall not
affect the payment of benefits otherwise described under this Agreement. 
 Article 4. 
 Beneficiaries 
 4.1 Beneficiary
Designations. The Executive shall designate a beneficiary by filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective
if signed by the Executive and received by the Company during the Executive’s lifetime. 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. If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive’s estate. 
 4.2 Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the
disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence,
minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall completely discharge the Company from all liability with respect to such benefit. 
 Article 5. 
 General Limitations

 5.1 Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any
benefit under this Agreement if the Company terminates the Executive’s employment for: 
 (a) Gross negligence or gross neglect of
duties; 
 (b) Commission of a felony; 
 (c) Breach of fiduciary duty involving personal profit; 
 (d) willful and material violation of any agreement with, or order
imposed by, the Comptroller of the Currency or any other bank regulatory authority, or 
  

 4 

 (e) Fraud. 
 5.2 Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Executive commits suicide within three years after the date of this Agreement. In addition, the Company shall not
pay any benefit under this Agreement if the Executive has made any material misstatement of fact on an employment application or resume provided to the Company, or on any application for any benefits provided by the Company to the Executive.

 Article 6. 
 Claims
and Review Procedure 
 6.1 Claims Procedure. Any person or entity who has not received benefits under this Agreement that he or
she believes should be paid (the “claimant”) shall make a claim for such benefits as follows: 
 6.1.1 Initiation – Written
Claim. The claimant initiates a claim by submitting to the Company a written claim for the benefits. 
 6.1.2 Timing of Company
Response. The Company shall respond to such claimant within 90 days after receiving the claim. If the Company determines that special circumstances require additional time for processing the claim, the Company can extend the response period by
an additional 90 days by notifying the claimant in writing, prior to the end of the initial 90-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Company
expects to render its decision. 
 6.1.3 Notice of Decision. If the Company denies part or all of the claim, the Company shall notify
the claimant in writing of such denial. The Company shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial; 
 (b) A reference to the specific provisions of this Agreement on
which the denial is based; 
 (c) A description of any additional information or material necessary for the claimant to perfect the claim and
an explanation of why it is needed; 
 (d) An explanation of this Agreement’s review procedures and the time limits applicable to such
procedures; and 
 (e) A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse
benefit determination on review. 
  

 5 

 6.2 Review Procedure. If the Company denies part or all of the claim, the claimant shall have the
opportunity for a full and fair review by the Company of the denial, as follows: 
 6.2.1 Initiation – Written Request. To
initiate the review, the claimant, within 60 days after receiving the Company’s notice of denial, must file with the Company a written request for review. 
 6.2.2 Additional Submissions – Information Access. The claimant shall then have the opportunity to submit written comments, documents, records and other information relating to the claim. The Company shall
also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits.

 6.2.3 Considerations on Review. In considering the review, the Company shall take into account all materials and information the
claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 
 6.2.4 Timing of Company Response. The Company shall respond in writing to such claimant within 60 days after receiving the request for review. If the Company determines that special circumstances require
additional time for processing the claim, the Company can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of
extension must set forth the special circumstances and the date by which the Company expects to render its decision. 
 6.2.5 Notice of
Decision. The Company shall notify the claimant in writing of its decision on review. The Company shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial; 
 (b) A reference to the specific provisions of this Agreement on which the denial is based; 
 (c) A statement that the claimant is
entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits; and 

(d) A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 
 Article 7. 
 Amendments and
Termination 
 This Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive; however,
this Agreement will automatically terminate if no benefit is payable to the Executive as set forth in Article 5. 
  

 6 

 Article 8. 
 Miscellaneous 
 8.1 Binding Effect. This Agreement shall bind the Executive and the Company,
and their beneficiaries, survivors, executors, successors, administrators and transferees. 
 8.2 No Guarantee of Employment. This
Agreement is not an employment policy or contract. It does not give the Executive the right to remain an employee of the Company, nor does it interfere with the Company’s right to discharge the Executive. It also does not require the Executive
to remain an employee nor interfere with the Executive’s right to terminate employment at any time. 
 8.3 Non-Transferability.
Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 
 8.4 Reorganization.
The Company shall not merge or consolidate into or with another company, or reorganize, or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume
and discharge the obligations of the Company under this Agreement. Upon the occurrence of such event, the term “Company” as used in this Agreement shall be deemed to refer to the successor or survivor company. 
 8.5 Tax Withholding. The Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement.

 8.6 Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of the State of California, except to the
extent preempted by the laws of the United States of America. 
 8.7 Unfunded Arrangement. The Executive and beneficiary are
general unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured
claim. 
 8.8 Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Executive as to the
subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 
 8.9 Administration. The Company shall have powers which are necessary to administer this Agreement, including but not limited to: 
 (a) Interpreting the provisions of the Agreement; 
 (b) Establishing and revising the method of accounting for the Agreement;

 (c) Maintaining a record of benefit payments; and 
  

 7 

 (d) Establishing rules and prescribing any forms necessary or desirable to administer the Agreement.

 8.10 Named Administrator. The Company shall be the named plan administrator under this Agreement. It may delegate to others certain
aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals. 
  

 8 

 IN WITNESS WHEREOF, the Executive and the Company have signed this Agreement. 
  

					
	EXECUTIVE:	 	COMPANY:
		
		 	CANYON NATIONAL BANK
			
	 /s/ STEPHEN HOFFMANN
	 	By:	 	 /s/ RICHARD SHALHOUB

	Stephen Hoffmann	 		 	Richard Shalhoub
		 	Title:	 	Chairman - Compensation Committee
			
		 	By:	 	 /s/ ROBERT M. FEY

		 		 	Robert M. Fey
		 	Title:	 	Vice Chairman - Board of Directors

  

 9 

 Schedule A 
 Stephen Hoffman Supplemental Executive Retirement Plan 
  

							
	 Year Commencing
	  	Vested Benefit	  	 Change in Control.
 Annual Installment

	 9/1/03
	  	$	12,000	  	$	60,00
	 9/1/04
	  	$	24,000	  	$	60,000
	 9/1/05
	  	$	36,000	  	$	60,000
	 9/1/06
	  	$	48,000	  	$	60,000
	 9/1/07
	  	$	60,000	  	$	60,000Salary Continuation Agreement for Jonathan J. Wick

 Exhibit 10.5 
 CANYON NATIONAL BANK 
 SALARY CONTINUATION AGREEMENT 
 THIS AGREEMENT is adopted this 1st day of September, 2003, by and between CANYON NATIONAL BANK, a nationally-chartered commercial bank located in Palm
Springs, California (the “Company”), and JONATHAN J. WICK (the “Executive”). 
 INTRODUCTION 
 To encourage the Executive to remain an employee of the Company, the Company is willing to provide salary continuation benefits to the Executive. The
Company will pay the benefits from its general assets. 
 AGREEMENT 
 The Company and the Executive agree as follows: 
 Article 1. 
 Definitions 
 Whenever used in this Agreement, the following words and phrases shall have the meanings specified: 
 1.1
“Change of Control” means (a) the sale of all or substantially all the assets of the Company; (b) the transfer of shares of the Company’s voting common stock such that one entity or one person acquires (or is deemed
to acquire when applying Section 318 of the Code) more than 50 percent of the Company’s outstanding voting common stock, other than the acquisition of substantially all the outstanding common stock of the Company by a holding company as
the result of a holding company reorganization, which holding company is owned by the shareholders of the Company as constituted immediately prior to such reorganization (a “Holding Company Reorganization”); or (c) a merger or
reorganization involving the Company (other than a Holding Company Reorganization) after which more than 50% of the outstanding voting common stock of the survivor of such merger or reorganization is no longer, directly or indirectly, owned by the
shareholders of the Company as constituted immediately prior to such merger or reorganization. 
 1.2 “Code” means the
Internal Revenue Code of 1986, as amended. 
 1.3 “Early Termination” means the Termination of Employment before Normal
Retirement Age for reasons other than death, Termination for Cause or following a Change of Control. 
 1.4 “Early Termination
Date” means the month, day and year in which Early Termination occurs. 
 1.5 “Effective Date” means
September 1, 2003. 

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

1.7 “Normal Retirement Date” means the later of the Normal Retirement Age or Termination of Employment. 
 1.8 “Plan Year” means a twelve-month period commencing on September 1 and ending on August 31 of each year. The initial Plan
Year shall commence on the Effective Date of this Agreement. 
 1.9 “Termination for Cause” shall be defined as set forth in
Article 5. 
 1.10 “Termination of Employment” means that the Executive ceases to be employed by the Company for any reason,
other than by reason of a leave of absence approved by the Company. 
 Article 2. 
 Lifetime Benefits 
 2.1 Normal
Retirement Benefit. Upon Termination of Employment on or after the Normal Retirement Age for reasons other than death, the Company shall pay to the Executive the benefit described in this Section 2.1 in lieu of any other benefit under this
Agreement. 
 2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is $60,000 (Sixty Thousand Dollars). The
Company’s Board of Directors, in its sole discretion, may increase the annual benefit under this Section 2.1.1; however, any increase shall require the recalculation of Schedule A. 
 2.1.2 Payment of Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month
following the Executive’s Normal Retirement Date, paying the annual benefit to the Executive for a period of 15 years. 
 2.1.3
Benefit Increases. Commencing on the first anniversary of the first benefit payment, and continuing on each subsequent anniversary, the Company’s Board of Directors, at its sole discretion, may increase the benefit. 
 2.2 Early Termination Benefit. Upon Early Termination, the Company shall pay to the Executive the benefit described in this Section 2.2 in
lieu of any other benefit under this Agreement. 
 2.2.1 Amount of Benefit. The annual benefit under this Section 2.2 is 100% of
the Vested Benefit set forth in Schedule A for the Plan Year in which the Termination of Employment occurs. The Company shall pay the fixed amount of the calculated amount of such fixed annual benefit to the Executive in 12 equal monthly
installments, for a period of 15 years, as described below in section 2.2.2. Any increase in the annual benefit under Section 2.1.1 shall require the recalculation of this benefit on Schedule A. 

 2.2.2 Payment of Benefit. The Company shall pay the annual benefit specified in Section 2.2.1
to the Executive in 12 equal monthly installments commencing with the month following the Normal Retirement Age, paying the annual benefit to Executive for a period of 15 years. 
 2.3 Change of Control Benefit. Upon a Change of Control, the Company shall pay to the Executive the benefit described in this Section 2.3 in
lieu of any other benefit under this Agreement. 
 2.3.1 Amount of Benefit. The annual benefit under this Section 2.3 is the
Change of Control Annual Installment set forth on Schedule A for the Plan Year in which Termination of Employment occurs, determined by vesting the Executive in the Normal Retirement Benefit described in Section 2.1.1. Any increase in the
annual benefit under Section 2.1.1 shall require the recalculation of this benefit on Schedule A. 
 2.3.2 Payment of
Benefit. The Company shall pay the annual benefit to the Executive in 12 equal monthly installments commencing with the month following the Normal Retirement Age, paying the annual benefit to the Executive for a period of 15 years.

 2.3.3 Benefit Increases. Benefit payments may be increased as provided in Section 2.1.3. 
 Article 3. 
 Death Benefits

 3.1 Death During Active Service. Upon the Executive’s death while in the active service of the Company, the Company shall
pay to the Executive’s designated beneficiary, or if no beneficiary has been designated, to Executive’s estate, the benefit described in this Section 3.1 in lieu of any other benefit under this Agreement. 
 3.1.1 Amount of Benefit. The annual benefit under this Section 3.1 is 100% of the Vested Benefit set forth in Schedule A for the Plan Year in
which death occurs. 
 3.1.2 Payment of Benefit. The Company shall pay the annual benefit to Executive’s beneficiary or estate in
12 equal monthly installments commencing with the month following the month in which the date of death occurs, paying the annual benefit to Executive’s beneficiary or estate for a period of 15 years. 
 3.2 Death Following Active Service. The Executive’s death at any other than during active service of the Company shall not affect the payment
of benefits otherwise described under this Agreement. 

 Article 4. 
 Beneficiaries 
 4.1 Beneficiary Designations. The Executive shall designate a beneficiary by
filing a written designation with the Company. The Executive may revoke or modify the designation at any time by filing a new designation. However, designations will only be effective if signed by the Executive and received by the Company during the
Executive’s lifetime. 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.
If the Executive dies without a valid beneficiary designation, all payments shall be made to the Executive’s estate. 
 4.2 Facility
of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of handling the disposition of his or her property, the Company may pay such benefit to the guardian, legal representative or person
having the care or custody of such minor, incompetent person or incapable person. The Company may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall
completely discharge the Company from all liability with respect to such benefit. 
 Article 5. 
 General Limitations 
 5.1
Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement if the Company terminates the Executive’s employment for cause, which shall be defined as
conduct consisting of any of the following: 
 (a) Gross negligence or gross neglect of duties; 
 (b) Commission of a felony; 
 (c) Breach of
fiduciary duty involving personal profit; 
 (d) Willful and material violation of any agreement with, or order imposed by, the Comptroller
of the Currency or any other bank regulatory authority, or 
 (e) Fraud. 
 5.2 Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if the Executive commits suicide. In addition, the Company
shall not pay any benefit under this Agreement if the Executive has made any material misstatement of fact on an employment application or resume provided to the Company, or on any insurance policy application related to this Agreement and/or
application for any benefits provided by the Company to the Executive. 

 Article 6. 
 Claims and Review Procedure 
 6.1 Claims Procedure. Any person or entity who has not received
benefits under this Agreement that he or she believes should be paid (the “claimant”) shall make a claim for such benefits as follows: 
 6.1.1 Initiation – Written Claim. The claimant initiates a claim by submitting to the Company a written claim for the benefits. 
 6.1.2 Timing of Company Response. The Company shall respond to such claimant within 90 days after receiving the claim. If the Company determines that special circumstances require additional time for processing
the claim, the Company can extend the response period by an additional 90 days by notifying the claimant in writing, prior to the end of the initial 90-day period, that an additional period is required. The notice of extension must set forth the
special circumstances and the date by which the Company expects to render its decision. 
 6.1.3 Notice of Decision. If the Company
denies part or all of the claim, the Company shall notify the claimant in writing of such denial. The Company shall write the notification in a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial; 
 (b) A reference to the specific provisions of this Agreement on which the denial is based; 
 (c) A description of any additional
information or material necessary for the claimant to perfect the claim and an explanation of why it is needed; 
 (d) An explanation of this
Agreement’s review procedures and the time limits applicable to such procedures; and 
 (e) A statement of the claimant’s right to
bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review. 
 6.2 Review Procedure. If
the Company denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Company of the denial, as follows: 
 6.2.1 Initiation – Written Request. To initiate the review, the claimant, within 60 days after receiving the Company’s notice of denial, must file with the Company a written request for review.

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

 6.2.3 Considerations on Review. In considering the review, the Company shall take into account all
materials and information the claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 
 6.2.4 Timing of Company Response. The Company shall respond in writing to such claimant within 60 days after receiving the request for review. If
the Company determines that special circumstances require additional time for processing the claim, the Company can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day
period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Company expects to render its decision. 
 6.2.5 Notice of Decision. The Company shall notify the claimant in writing of its decision on review. The Company shall write the notification in
a manner calculated to be understood by the claimant. The notification shall set forth: 
 (a) The specific reasons for the denial;

 (b) A reference to the specific provisions of this Agreement on which the denial is based; 
 (c) A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records
and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits; and 
 (d) A statement
of the claimant’s right to bring a civil action under ERISA Section 502(a). 
 Article 7. 
 Amendments and Termination 
 This
Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive; however, this Agreement will automatically terminate if no benefit is payable to the Executive as set forth in Article 5. 
 Article 8. 
 Miscellaneous

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

 8.2 No Guarantee of Employment. This Agreement is not an employment policy or contract. It does
not give the Executive the right to remain an employee of the Company, nor does it interfere with the Company’s right to discharge the Executive. It also does not require the Executive to remain an employee nor interfere with the
Executive’s right to terminate employment at any time. 
 8.3 Non-Transferability. Benefits under this Agreement cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner. 
 8.4 Reorganization. The Company shall not merge or
consolidate into or with another company, or reorganize, or sell substantially all of its assets to another company, firm, or person unless such succeeding or continuing company, firm, or person agrees to assume and discharge the obligations of the
Company under this Agreement. Upon the occurrence of such event, the term “Company” as used in this Agreement shall be deemed to refer to the successor or survivor company. 
 8.5 Tax Withholding. The Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement.

 8.6 Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of the State of California, except to the
extent preempted by the laws of the United States of America. 
 8.7 Unfunded Arrangement. The Executive and beneficiary are general
unsecured creditors of the Company for the payment of benefits under this Agreement. The benefits represent the mere promise by the Company to pay such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale,
transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company to which the Executive and beneficiary have no preferred or secured claim. 

8.8 Entire Agreement. This Agreement constitutes the entire agreement between the Company and the Executive as to the subject matter hereof. No
rights are granted to the Executive by virtue of this Agreement other than those specifically set forth herein. 
 8.9 Administration.
The Company shall have powers which are necessary to administer this Agreement, including but not limited to: 
 (a) Interpreting the
provisions of the Agreement; 
 (b) Establishing and revising the method of accounting for the Agreement; 
 (c) Maintaining a record of benefit payments; and 
 (d) Establishing rules and prescribing any forms necessary or desirable to administer the Agreement. 

 8.10 Named Administrator. The Company shall be the named plan administrator under this Agreement.
It may delegate to others certain aspects of the management and operational responsibilities including the employment of advisors and the delegation of ministerial duties to qualified individuals. 
 IN WITNESS WHEREOF, the Executive and the Company have signed this Agreement. 
  

					
	EXECUTIVE:	 	COMPANY:
		
		 	CANYON NATIONAL BANK
			
	 /s/ JONATHAN J. WICK
	 	By:	 	 /s/ RICHARD SHALHOUB

	Jonathan J. Wick	 		 	Richard Shalhoub
		 	Title:	 	Chairman - Compensation Committee
			
		 	By:	 	 /s/ ROBERT M. FEY

		 		 	Robert M. Fey
		 	Title:	 	Vice Chairman - Board of Directors

 Schedule A 
 Jonathan J. Wick Supplemental Executive Retirement Plan 
  

							
	 Year Commencing
	  	Vested Benefit	  	 Change in Control.
 Annual Installment

	 9/1/03
	  	$	5,000	  	$	60,000
	 9/1/04
	  	$	10,000	  	$	60,000
	 9/1/05
	  	$	15,000	  	$	60,000
	 9/1/06
	  	$	20,000	  	$	60,000
	 9/1/07
	  	$	25,000	  	$	60,000
	 9/1/08
	  	$	30,000	  	$	60,000
	 9/1/09
	  	$	35,000	  	$	60,000
	 9/1/10
	  	$	40,000	  	$	60,000
	 9/1/11
	  	$	45,000	  	$	60,000
	 9/1/12
	  	$	50,000	  	$	60,000
	 9/1/13
	  	$	55,000	  	$	60,000
	 9/1/14
	  	$	60,000	  	$	60,000

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]