Document:

Amendment to Employment Agreement between the Registrant and David E. Hooston

 Exhibit 10.1 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 This AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into this 21st day of
February 2007, by and between PLACER SIERRA BANCSHARES (the “Company”) and DAVID E. HOOSTON (the “Executive”). 
 WHEREAS, the Executive and the Company (previously known as “First California Bancshares”) entered into an Employment Agreement, dated January 1, 2003, as amended by amendments dated October 28,
2003, January 1, 2004 and October 26, 2004 (collectively, the “Agreement”); and 
 WHEREAS, Section 4 of
the Agreement sets forth the Company’s potential obligations upon the termination of the Executive’s employment with the Company; and 
 WHEREAS, the Executive and the Company have agreed to amend the Agreement as set forth in this Amendment in order to provide for payments to be made in compliance with Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”) and guidance thereunder, which section was added to the Code by the American Jobs Creation Act of 2004; and 
 WHEREAS, Section 17(d) of the Agreement provides that the Agreement may be amended only by a writing signed by the parties. 
 NOW THEREFORE, the Executive and the Company agree as follows: 
 1. A new Subsection (f) entitled “Timing of
Payment” is added to Section 4 of the Agreement, to read as set forth below: 
 (f) Timing of Payment. Notwithstanding
anything to the contrary in this Agreement, if any amount payable hereunder is considered to be compensation deferred under a “nonqualified deferred compensation plan” as defined for purposes of Section 409A of the Internal Revenue
Code of 1986, as amended (“Section 409A”), and if Executive is deemed to be a “specified employee” as defined for purposes of Section 409A, then, to the extent necessary to comply with Section 409A, any such amount due
under this Agreement in connection with a termination of Executive’s employment that otherwise would be payable at any time during the six-month period immediately following such termination of employment shall not be paid prior to, and shall
instead be payable in a lump sum as soon as practicable following, the expiration of such six-month period. In light of the uncertainty surrounding the application of Section 409A, the Company makes no guarantee as to the income tax treatment
under Section 409A of any payments made or benefits provided under this Agreement. 
  

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 2. All other terms and conditions of the Agreement shall remain in full force and effect. 
  

					
	PLACER SIERRA BANCSHARES
			
	 By: /s/ Frank J.
Mercardante                                      
  
	 		 	/s/ David E.
Hooston                                       
 
	       Frank J. Mercardante
       Chief Executive Officer
	 		 	DAVID E. HOOSTON

  

 2Amendment to Employment Agreement between the Registrant and Randall E. Reynoso

 Exhibit 10.2 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 This AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into this 21st day of
February 2007, by and between PLACER SIERRA BANCSHARES (“Company”) and RANDALL E. REYNOSO (“Employee”). 
 WHEREAS, Employee and Company entered into an Employment Agreement, dated January 1, 2006 (the “Agreement”); and 
 WHEREAS, Section 5 of the Agreement sets forth Company’s potential obligations upon the termination of Employee’s employment with Company; and 
 WHEREAS, Employee and Company have agreed to amend the Agreement as set forth in this Amendment in order to provide for payments to be made in
compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and guidance thereunder, which section was added to the Code by the American Jobs Creation Act of 2004; and 
 WHEREAS, Section 22 of the Agreement provides that the Agreement may be amended only by a writing signed by the parties. 
 NOW THEREFORE, Employee and Company agree as follows: 
 1. A new Subsection (h) entitled “Timing of Payment” is added to Section 5 of the Agreement, to read as set forth below: 
 (h) Timing of Payment. Notwithstanding anything to the contrary in this Agreement, if any amount payable hereunder is considered to be
compensation deferred under a “nonqualified deferred compensation plan” as defined for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and if Employee is deemed to be a
“specified employee” as defined for purposes of Section 409A, then, to the extent necessary to comply with Section 409A, any such amounts due under this Agreement in connection with a termination of Employee’s employment
that otherwise would be payable at any time during the six-month period immediately following such termination of employment shall not be paid prior to, and shall instead be payable in a lump sum as soon as practicable following, the expiration of
such six-month period. In light of the uncertainty surrounding the application of Section 409A, Company makes no guarantee as to the income tax treatment under Section 409A of any payments made or benefits provided under this Agreement.

  

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 2. All other terms and conditions of the Agreement shall remain in full force and effect. 
  

					
	PLACER SIERRA BANCSHARES	 		 	
			
	 By: /s/ Frank J.
Mercardante                                      
  
	 		 	/s/ Randall E.
Reynoso                                       
 
	       Frank J. Mercardante
       Chief Executive Officer
	 		 	RANDALL E. REYNOSO

  

 2Amendment to Employment Agreement between the Registrant and Angelee J. Harris

 Exhibit 10.3 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 This AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into this 21st day of
February 2007, by and between PLACER SIERRA BANCSHARES (“Company”) and ANGELEE J. HARRIS (“Employee”). 
 WHEREAS, Employee and Company entered into an Employment Agreement, dated January 24, 2005 (the “Agreement”); and 
 WHEREAS, Section 5 of the Agreement sets forth Company’s potential obligations upon the termination of Employee’s employment with Company; and 
 WHEREAS, Employee and Company have agreed to amend the Agreement as set forth in this Amendment in order to provide for payments to be made in
compliance with Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and guidance thereunder, which section was added to the Code by the American Jobs Creation Act of 2004; and 
 WHEREAS, Section 22 of the Agreement provides that the Agreement may be amended only by a writing signed by the parties. 
 NOW THEREFORE, Employee and Company agree as follows: 
 1. A new Subsection (h) entitled “Timing of Payment” is added to Section 5 of the Agreement, to read as set forth below: 
 (h) Timing of Payment. Notwithstanding anything to the contrary in this Agreement, if any amount payable hereunder is considered to be
compensation deferred under a “nonqualified deferred compensation plan” as defined for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and if Employee is deemed to be a
“specified employee” as defined for purposes of Section 409A, then, to the extent necessary to comply with Section 409A, amounts due under this Agreement in connection with a termination of Employee’s employment that would
otherwise have been payable at any time during the six-month period immediately following such termination of employment shall not be paid prior to, and shall instead be payable in a lump sum as soon as practicable following, the expiration of such
six-month period. In light of the uncertainty surrounding the application of Section 409A, Company makes no guarantee as to the income tax treatment under Section 409A of any payments made or benefits provided under this Agreement.

  

 1 

 2. All other terms and conditions of the Agreement shall remain in full force and effect. 
  

					
	PLACER SIERRA BANCSHARES
			
	 By: /s/ Frank J.
Mercardante                                      
  
	 		 	/s/ Angelee J.
Harris                                       
 
	       Frank J. Mercardante
       Chief Executive Officer
	 		 	ANGELEE J. HARRIS

  

 2Amendment to Employment Agreement between the Registrant and Kevin J. Barri

 Exhibit 10.4 
 AMENDMENT TO EMPLOYMENT AGREEMENT 
 This AMENDMENT TO EMPLOYMENT AGREEMENT (“Amendment”) is entered into this 21st day of
February 2007, by and between PLACER SIERRA BANK (“Bank”) and KEVIN J. BARRI (“Employee”). 
 WHEREAS, Employee and Bank entered into an Employment Agreement, dated June 21, 2004, (the “Agreement”); and 
 WHEREAS, the “Employment Term” under the Agreement is scheduled to expire on June 21, 2007; and 
 WHEREAS, Section 5 of the Agreement sets forth Bank’s potential obligations upon the termination of Employee’s employment with Bank; and 
 WHEREAS, Employee and Bank have agreed to amend the Agreement as set forth in this Amendment in order to extend the term of the Agreement and to provide for payments to be made in compliance with
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and guidance thereunder, which section was added to the Code by the American Jobs Creation Act of 2004; and 
 WHEREAS, Section 22 of the Agreement provides that the Agreement may be amended only by a writing signed by the parties. 
 NOW THEREFORE, Employee and Bank agree as follows: 
 1. Section 3 of the Agreement is amended by the addition of a sentence to the end thereof to read as set forth below: 
 The Employment Term is hereby extended through and including December 31, 2007, and all references herein to the “Employment Term” shall include such extension. 
 2. A new Subsection (h) entitled “Timing of Payment” is added to Section 5 of the Agreement, to read as set forth below: 

(h) Timing of Payment. Notwithstanding anything to the contrary in this Agreement, if any amount payable hereunder is considered to be
compensation deferred under a “nonqualified deferred compensation plan” as defined for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and if Employee is deemed to be a
“specified employee” as defined for purposes of Section 409A, then, to the extent necessary to comply with Section 409A, amounts due under this Agreement in connection with a termination of Employee’s employment that would
otherwise have been payable at any time during the six-month period immediately following such termination 
  

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 of employment shall not be paid prior to, and shall instead be payable in a lump sum as soon as
practicable following, the expiration of such six-month period. In light of the uncertainty surrounding the application of Section 409A, Bank makes no guarantee as to the income tax treatment under Section 409A of any payments made or
benefits provided under this Agreement. 
 3. All other terms and conditions of the Agreement shall remain in full force and effect.

  

					
	PLACER SIERRA BANK	 		 	
	By: /s/ Frank J.
Mercardante                                      
  	 		 	/s/ Kevin J.
Barri                                       
 
	       Frank J. Mercardante
       Chairman and Chief Executive Officer
	 		 	KEVIN J. BARRI

  

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