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Exhibit 10.3    
  

 
 

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN    
    
    EXECUTIVE AGREEMENT    
  

        THIS AGREEMENT is made and entered into this 1st day of August, 2000, by and between Butte Community Bank, a bank organized and existing under the laws of the
State of California (hereinafter referred to as the "Company"), and Keith Robbins, an Executive of the Company (hereinafter referred to as the "Executive"). 

        WHEREAS,
the Executive is now in the employ of the Company and has for many years faithfully served the Company, it is the consensus of the Board of Directors (hereinafter referred to as
the "Board") that the Executive's services have been of exceptional merit, in excess of the compensation paid and an invaluable contribution to the profits and position of the Company in its field of
activity. The Board further believes that the Executive's experience, knowledge of corporate affairs, reputation and industry contacts are of such value, and the Executive's continued services so
essential to the Company's future growth and profits, that it would suffer severe financial loss should the Executive terminate services with the Bank; 

        ACCORDINGLY,
the Board has adopted the Butte Community Bank Executive Supplemental Retirement Plan (hereinafter referred to as the "Executive Plan") and it is the desire of the Company
and the Executive to enter into this Agreement under which the Company will agree to make certain payments to the Executive upon the Executive's retirement or to the Executive's beneficiary(ies) in
the event of the Executive's death pursuant to the Executive Plan; 

        FURTHERMORE,
it is the intent of the parties hereto that this Executive Plan be considered an unfunded arrangement maintained primarily to provide supplemental retirement benefits for
the Executive, and to be considered a non-qualified benefit plan for purposes of the Employee Retirement Security Act of 1974, as amended ("ERISA"). The Executive is fully advised of the
Company's financial status and has had substantial input in the design and operation of this benefit plan; and 

        NOW
THEREFORE, in consideration of services the Executive has performed in the past and those to be performed in the future, and based upon the mutual promises and covenants herein
contained, the Company and the Executive agree as follows: 

I.    DEFINITIONS  

	A.
	Effective Date:  

        The
Effective Date of the Executive Plan shall be July 1, 2000. 

	B.
	Plan Year and Anniversary Date:  

        Any
reference to the "Plan Year" shall mean a calendar year from January 1st to December 31st. In the year of implementation, the term "Plan Year" shall mean the period
from the Effective Date to December 31st of the year of the Effective Date. Anniversary Date shall mean December 31st of each year. 

	C.
	Retirement Date:  

        Retirement
Date shall mean retirement from service with the Company which becomes effective on the first day of the calendar month following the month in which the Executive reaches age
sixty-five (65) or such later date as the Executive may actually retire. 

	D.
	Early Retirement Date:  

        Early
Retirement Date shall mean a Termination of Employment prior to the Normal Retirement Age (Subparagraph I [K]) for reasons other than death, Change of
Control or Disability. 

 

	E.
	Termination of Employment:  

        Termination
of Employment means the Executive ceasing to be employed by the Company for any reason whatsoever. 

	F.
	Pre-Retirement Account:  

        A
Pre-Retirement Account shall be established as a liability reserve account on the books of the Company for the benefit of the Executive. Prior to the Executive's
Termination of Employment, or the Executive's retirement, early or otherwise, whichever event shall first occur, such liability reserve account shall be increased or decreased each Plan Year, until
the aforestated event occurs, by the Index Retirement Benefit (Subparagraph I [G]). This Pre-Retirement Account shall have a pre-existing balance of
Twenty-Eight Thousand Seven Hundred and Twenty Nine and no/100ths Dollars ($28,729.00) as of December 31, 1999. The Company shall provide to the Executive, within one hundred and twenty
(120) days after each Anniversary Date, a statement setting forth the Pre-Retirement Account Balance. 

	G.
	Index Retirement Benefit:  

        The
Index Retirement Benefit for each Executive in the Executive Plan for each Plan Year shall be equal to the excess (if any) of the Index (Subparagraph I [H])
for that Plan Year over the Opportunity Cost Expense (Subparagraph I [I]) for that Plan Year, minus the after-tax interest expense pursuant to Section III
(B) of this Agreement. 

	H.
	Index:  

        The
Index for any Plan Year shall be the aggregate annual after-tax income from the life insurance contract(s) described hereinafter as defined by FASB Technical Bulletin
85-4. This Index shall be applied as if such insurance contract(s) were purchased on the Assumed Purchase Date or Issue Date set forth hereinbelow. 

	Insured:	 	Keith Robbins
	Insurance Carrier:	 	Alexander Hamilton Life Ins Co.
	Policy Number:	 	AH5025491
	Policy Type:	 	Flexible Premium Adjustable Life
	Product Name:	 	Executive Security Plan IV
	Issue Date:	 	July 10, 1998
	Classification:	 	Non-Smoker
	Initial Face Amount:	 	$380,000
	Premium Paid:	 	$175,000
	Number of Premium Payments:	 	One
	

Insured:	
 	

Kashmir S. Gill
	Insurance Carrier:	 	Jefferson Pilot
	Policy Number:	 	JP5063545
	Policy Type:	 	Flexible Premium Adjustable Life
	Product Name:	 	Executive Security Plan IV
	Issue Date:	 	July 5, 2000
	Classification:	 	Non-Smoker
	Initial Face Amount:	 	$829,000
	Premium Paid:	 	$215,000
	Number of Premium Payments:	 	One

        If
such contracts of life insurance are actually purchased by the Company, then the actual policies as of the dates they were actually purchased shall be used in calculations under this
Executive Plan. If such contracts of life insurance are not purchased or are subsequently 

2

 

surrendered or lapsed, then the Company shall receive annual policy illustrations that assume the above-described policies were purchased or had not subsequently surrendered or lapsed. Said
illustration shall be received from the respective insurance companies and will indicate the increase in policy values for purposes of calculating the amount of the Index. 

        In
either case, references to the life insurance contracts are merely for purposes of calculating a benefit. The Company has no obligation to purchase such life insurance and, if
purchased, the Executive and the Executive's beneficiary(ies) shall have no ownership interest in such policy and shall always have no greater interest in the benefits under this Executive Plan than
that of an unsecured creditor of the Company. 

	I.
	Opportunity Cost:  

        The
Opportunity Cost for any Plan Year shall be calculated by taking the sum of the amount of premiums for the life insurance policies described in the definition of "Index" plus the
amount of all previous years' after-tax Opportunity Cost, and multiplying that sum by the average rate of return on the average Federal Funds for the Plan Year as quoted in the Wall Street
Journal net of the Company's highest marginal tax rate (combined federal and state) for each Plan Year. This rate shall be adjusted annually. 

	J.
	Change of Control:  

        Change
of Control means 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 Internal Revenue Code of 1986, as amended) more than fifty percent (50%) of the Company's outstanding voting common stock followed within twelve (12) months by the Executive's
Termination of Employment for reasons other than death, disability or retirement. 

	K.
	Normal Retirement Age:  

        Normal
Retirement Age shall mean the date on which the Executive attains age sixty-five (65). 

II.    INDEX BENEFITS  

	A.
	Retirement Benefits:  

        Subject
to Paragraph VI (A) hereinafter, an Executive who remains in the employ of the Company until the Normal Retirement Age (Subparagraph I [K])
shall be entitled to receive the balance in the Pre-Retirement Account in one hundred eighty (180) equal monthly installments commencing thirty (30) days following the
Executive's retirement. In addition to these payments and commencing in conjunction therewith, the Index Retirement Benefit (Subparagraph I [G]) for each Plan Year subsequent
to the Executive's retirement, and including the remaining portion of the Plan Year following said retirement, shall be paid to the Executive until the Executive's death. 

	B.
	Early Retirement:  

        Subject
to Paragraph VI (A), should the Executive retire early as defined in the Early Retirement Date Provision (Subparagraph I [D]) the Executive shall
be entitled to receive on the date of said early retirement, the balance in the Pre-Retirement Account paid in one hundred eighty (180) monthly installments commencing at the Normal
Retirement Age (Subparagraph I [K]). In addition to these payments and commencing in conjunction therewith, the Index Retirement Benefit for each Plan Year subsequent to the
year in which the Executive attains Normal Retirement Age, and including the remaining portion of the Plan Year in which the Executive attains Normal Retirement Age, shall be paid to the Executive
until the Executive's death. 

3

  

	C.
	Termination of Employment:  

        Subject
to Paragraph VI (A), should an Executive suffer a Termination of Service the Executive shall be entitled to receive the balance in the Pre-Retirement Account
payable to the Executive in One Hundred Eighty (180) equal monthly installments commencing thirty (30) days following the Executive's Normal Retirement Age (Subparagraph I
[K]). In addition to these payments and commencing in conjunction therewith, the Index Retirement Benefit for each Plan Year subsequent to the year in which the Executive
attains Normal Retirement Age, and including the remaining portion of the Plan Year in which the Executive attains Normal Retirement Age, shall be paid to the Executive until the Executive's death. 

	D.
	Death:

          (i)  Should
the Executive die prior to having received the full balance of the Pre-Retirement Account, the unpaid balance of the Pre-Retirement
Account shall be paid in the remaining installments (Subparagraph II [A]) to the beneficiary selected by the Executive and filed with the Bank; and 

        (ii)  When
the Executive dies, in addition to the payment the Executive's designated beneficiary may receive described in II (C) (i) hereinabove, the Executive's
designated beneficiary shall begin receiving an amount of money equal to what the Executive's Index Retirement Benefit would have been had the Executive received fifteen (15) Index Retirement
Benefit plan payments after his retirement, or had the Executive lived and received said payments until age seventy-five (75), whichever event allows for the greater number of payments to
the Executive's beneficiary(ies). This amount of money shall be paid at the times and in the amounts that the Executive would have received said Index Retirement Benefits; and 

        (iii)  In
any event, in the absence of or a failure to designate a beneficiary, the amounts described herein shall be paid to the personal representative of the Executive's
estate. 

	E.
	Death Benefit:  

        Except
as set forth above, there is no death benefit provided under this Agreement. 

	F.
	Disability Benefit:  

        In
the event the Executive becomes disabled and the Executive's employment is terminated because of such disability, he shall immediately begin receiving the benefits in Subparagraph II
(A) above. Such benefit shall begin without regard to the Executive's Normal Retirement Age and the Executive shall be one hundred percent (100%) vested in the entire benefit amount. Disability
means the Executive's inability to perform substantially all normal duties of the Executive, as determined by the Company's Board of Directors, in its sole discretion. As a condition to any benefits,
the Company may require the Executive to submit to such physical or mental evaluations and tests as the Board of Directors deems appropriate. 

III.  DEFERRAL BENEFITS  

	A.
	Deferral Election:  

        The
Executive may elect to defer up to One Hundred Percent (100%) of total compensation each year for a maximum of ten (10) years. At the end of the ten (10) year period,
the Board shall have the option of extending the deferral period for any amount of time it shall deem to be appropriate. The Executive will make the election to defer by filing with the Company,
within thirty (30) days after the Effective Date of this Agreement, a written statement setting forth the amount of the deferrals and the Executive's election of payment as set forth in Exhibit
"B". Said 

4

 

 Deferral Declaration is attached hereto as Exhibit "B" and fully incorporated herein by reference. The Deferral Declaration  shall be effective to defer only
compensation earned after the date the Deferral Declaration is received by the Company. The
Executive may modify the amount of compensation to be deferred annually by filing a new Deferral Declaration with the Company prior to the beginning of
the Plan Year in which the compensation is to be deferred. The modified Deferral Election shall not be effective until the calendar year following the year in which the subsequent  Deferral Election is
received and approved by the Company. 

	B.
	Deferred Compensation Account:  

        The
Company shall establish a Deferred Compensation Account in the name of the Executive and credit that account with the deferrals. Deferrals herein are defined as compensation deferred
by the Executive as of the time the compensation would have otherwise been paid to the Executive. The Company shall also credit interest to the Deferred Compensation Account balance. On the
Anniversary Date of each year and immediately prior to the payment of any benefits, interest is to be accrued on the account balance and compounded at an annual rate on each Anniversary Date and
immediately prior to the payment of any benefits at an annual rate equal to the Company's prime lending rate plus fifty (50) basis points on each Anniversary Date. The Deferred Compensation
Account shall have a pre-existing liability balance equal to Twenty Two Thousand Six Hundred and Ninety-Nine and no/100ths Dollars ($22,699.00) as of December 31, 1999. 

	C.
	Statement of Accounts:  

        The
Company shall provide to the Executive, within one hundred twenty (120) days after each Anniversary Date, a statement setting forth the Deferred Compensation Account Balance. 

	D.
	Retirement, Termination of Service, Disability, Change of Control or Death:

          (i)  Retirement: Upon the Executive's Retirement Date, the Company shall pay the Executive's Deferred Compensation Account
balance as elected by the Executive at least one (1) year prior to receiving said benefit on his Deferral Declaration said payments to commence
on the first day of the month following the Executive's Retirement Date. If the Executive fails to make said election, then the payments shall be made in one hundred eighty (180) equal monthly
installments commencing as set forth herein. The Company shall continue to credit interest as set forth hereinabove on the remaining account balance during any applicable installment period. 

        (ii)  Termination of Service or Early Retirement Benefit: Upon the Executive's Termination of Service or Early Retirement, for
reasons other than death, Change of Control or Disability, the Company shall pay the Executive the Deferral Account balance at said Termination of Service or Early Retirement Date, said payments to
commence on the first day of the month following the Executive's Normal Retirement Age. Said amount shall be payable as elected by the Executive at least one (1) year prior to being entitled to
receive said benefit on the Deferral Declaration. If the Executive fails to make said election, then the amount shall be payable in one hundred eighty
(180) equal monthly installments. The Company shall continue to credit interest as set forth hereinabove on the remaining account balance during any applicable installment period. 

        (iii)  Disability: If the Executive terminates employment due to disability as set forth hereinabove, the Company shall pay
the Executive the Deferred Compensation Account Balance at said termination due to disability, said payments to commence on the first day of the month following said termination due to disability
payable as elected by the Executive in the Deferral Declaration at least one (1) year prior to receiving said benefit. If Executive fails to make
said election, then the payments shall be made in one hundred eighty (180) monthly 

5

 

payments commencing as set forth herein. If the Executive fails to make said election, then the amount shall be payable in one hundred eighty (180) equal monthly installments. The Company
shall continue to credit interest as set forth hereinabove on the remaining account balance during any applicable installment period. 

        (iv)  Change of Control: Upon a change in control prior to the expiration of the Deferral Period set forth hereinabove, the
Company shall credit the Deferred Compensation Account in the amount which would have been deferred by the Executive for the entire Deferral Period and thereafter pay to the Executive the balance of
the Deferred Compensation Account. Such payment shall be made, at the election of the Executive, within thirty (30) days after such occurrence or at the same time and in the same amounts as
specified on the Deferral Declaration. 

        (v)  Death: Should the Executive die while there is a balance in the Executive's Deferred Compensation Account, such balance
shall be paid to the Executive's beneficiary(ies) in one hundred eighty (180) monthly installments commencing on the first day of the month following the Executive's death. The Company shall
continue to credit interest as set forth hereinabove on the remaining account balance during any applicable installment period. 

	E.
	Hardship: 

        If
an unforeseeable financial emergency arising from the death of a family member, divorce, sickness, injury, catastrophe or similar event outside the control of the Executive occurs,
the Executive, by written instructions to the Company, may reduce future referrals under this Agreement. Upon the Board's determination that the Executive has suffered an unforeseeable financial
emergency as described herein, the Company shall distribute to the Executive all or a portion of the Deferred Compensation Account Balance as determined by the Company, but in no event shall the
distribution be greater than is necessary to relieve the financial hardship. 

IV. RESTRICTIONS UPON FUNDING  

        The Company shall have no obligation to set aside, earmark or entrust any fund or money with which to pay its obligations under this Executive Plan. The
Executive, their beneficiary(ies), or any successor in interest shall be and remain simply a general creditor of the Company in the same manner as any other creditor having a general claim for matured
and unpaid compensation. 

        The
Company reserves the absolute right, at its sole discretion, to either fund the obligations undertaken by this Executive Plan or to refrain from funding the same and to determine the
extent, nature and method of such funding. Should the Company elect to fund this Executive Plan, in whole or in part, through the purchase of life insurance, mutual funds, disability policies or
annuities, the Company reserves the absolute right, in its sole discretion, to terminate such funding at any time, in whole or in part. At no time shall any Executive be deemed to have any lien nor
right, title or interest in or to any specific funding investment or to any assets of the Company. 

        If
the Company elects to invest in a life insurance, disability or annuity policy upon the life of the Executive, then the Executive shall assist the Company by freely submitting to a
physical exam and supplying such additional information necessary to obtain such insurance or annuities. 

V. BENEFICIARIES  

	A.
	Beneficiary Designations: 

        The
Executive shall designate a beneficiary by filling a written designation with the Company. Said Beneficiary Designation is attached
hereto, marked as Exhibit "A", and fully incorporated herein by reference. The Executive may revoke or modify the designation at any time by filing a 

6

 

new designation. However, designations will only be effective if signed by the Executive and accepted 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. 

	B.
	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. 

VI. GENERAL LIMITATIONS  

        Notwithstanding any provision of this Agreement to the contrary, the Company shall not pay any benefit under this Agreement that is in excess of the Executive
Deferrals if any of the following events occur: 

	A.
	Termination for Cause: 

        If
the Company terminates the Executive's employment for: 

          (i)  Gross
negligence or gross neglect of duties to the Company; 

        (ii)  Commission
of a felony or of a gross misdemeanor involving moral turpitude involving the Executive's employment by the Company; or 

        (iii)  Fraud,
disloyalty, dishonesty or willful violation of any law or significant Company policy committed in connection with the Executive's employment and resulting in an
adverse effect on the Company. 

	B.
	Suicide: 

        If
the Executive commits suicide within two years after the date of this Agreement, or if the Executive has made any material misstatement of fact on any application for life insurance
purchased by the Company, no death benefit shall be payable under this Agreement. 

        Regardless
of Paragraph VI or any provision to the contrary, no benefit will be paid to the extent the benefit would create excess parachute payments under Section 280G of
the Code. 

VII. CLAIMS AND REVIEW PROCEDURES  

	A.
	Claims Procedure: 

        The
Company shall notify any person or entity that makes a claim against the Agreement (the "Claimant") in writing, within ninety (90) days of his or her written application for
benefits, of his or her eligibility or non-eligibility for benefits under the Agreement. If the Company determines that the Claimant is not eligible for benefits or full benefits, the
notice shall set forth: 

          (i)  The
specific reasons for such denial; 

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

7

 

        (iii)  A
description of any additional information or material necessary for the Claimant to perfect his or her claim, and a description of why it is needed; and 

        (iv)  An
explanation of the Agreement's claims review procedure and other appropriate information as to the steps to be taken if the Claimant wishes to have the claim
reviewed. If the Company determines that there are special circumstances requiring additional time to make a decision, the Company shall notify the Claimant of the special circumstances and the date
by which a decision is expected to be made, and may extend the time for up to an additional ninety-day period. 

	B.
	Review Procedure: 

        If
the Claimant is determined by the Company not to be eligible for benefits, or if the Claimant believes that he or she is entitled to greater or different benefits, the Claimant shall
have the opportunity to have such claim reviewed by the Company by filing a petition for review with the Company within sixty (60) days after receipt of the notice issued by the Company. Said
petition shall state the specific reasons, which the Claimant believes, entitle him or her to benefits or to greater or different benefits. Within sixty (60) days after receipt by the Company
of the petition, the Company shall afford the Claimant (and counsel, if any) an opportunity to present his or her position to the Company orally or in writing, and the Claimant (or counsel) shall have
the right to review the pertinent documents. The Company shall notify the Claimant of its decision in writing within the sixty-day period, stating specifically the basis of its decision,
written in a manner calculated to be understood by the Claimant and the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the
sixty-day period is not sufficient, the decision may be deferred for up to another sixty-day period at the election of the Company, but notice of this deferral shall be given
to the Claimant. 

VIII. AMENDMENTS AND TERMINATION  

A.    This
Agreement may be amended or terminated only by a written agreement signed by the Company and the Executive. 

B.    The
Company may amend or terminate this Agreement at any time if, pursuant to legislative, judicial or regulatory action, continuation of the Agreement would: 

          (i)  Cause
benefits to be taxable to the Executive prior to actual receipt, or 

        (ii)  Result
in significant financial penalties or other significantly detrimental ramifications to the Company (other than the financial impact of paying the benefits). 

        In
no event shall this Agreement be terminated under this Section VIII (B) without payment to the Executive of the Deferral Account balance attributable to the Executive's
Deferrals and interest credited on such amounts. 

IX. MISCELLANEOUS  

	A.
	Binding Effect: 

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

	B.
	No Guarantee of Employment: 

        This
Agreement is not a contract for employment. It does not give the Executive the right to remain an employee of the Company, nor does it interfere with the shareholders' rights to
replace 

8

 

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. 

	C.
	Non-Transferability: 

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

	D.
	Tax Withholding: 

        The
Company shall withhold any taxes that are required to be withheld from the benefits provided under this Agreement. 

	E.
	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. 

	F.
	Recovery of Estate Taxes: 

        If
the Executive's gross estate for federal estate tax purposes includes any amount determined by reference to and on account of this Agreement, and if the beneficiary is other than the
Executive's estate, then the Executive's estate shall be entitled to recover from the beneficiary receiving such benefit under terms of the Agreement, an amount by which the total estate tax due by
the Executive's estate, exceeds the total estate tax which would have been payable if the value of such benefit had not been included in the Executive's gross estate. If there is more than one person
receiving such benefit, the right of recovery shall be against each such person. In the event the beneficiary has a liability hereunder, the beneficiary may petition the Company for a lump sum payment
in an amount not to exceed the beneficiary's liability hereunder. 

	G.
	Unfunded Arrangement: 

        The
Executive and the Executive's 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 the Executive's beneficiary have no preferred or secured claim. 

	H.
	Reorganization: 

        The
Company shall not merge or consolidate into or with another company, or reorganize, or sell substantially all of the assets to another company, firm, or person unless such succeeding
or continuing company, firm, or person agrees to assume and discharge the obligation of the Company under this Agreement. 

	I.
	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. 

	J.
	Administration: 

        The
Company shall have powers that are necessary to administer this Agreement, including but not limited to: 

          (i)  Interpreting
the provisions of the Agreement; 

        (ii)  Establishing
and revising the method of accounting for the Agreement; 

9

 

        (iii)  Maintaining
a record of benefit payments; and 

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

	K.
	Named Fiduciary: 

        For
purposes of the Employee Retirement Income Security Act of 1974, if applicable, the Company shall be the named fiduciary and plan administrator under the Agreement. The named
fiduciary may delegate to others certain aspects of the management and operation responsibilities of the plan including the employment of advisors and the delegation of ministerial duties to qualified
individuals. 

	L.
	Supersede and Future Agreement: 

        This
Agreement shall supersede the Butte Community Bank Executive Deferred Compensation Agreement dated the 1st day of July, 1998, and shall constitute the entire agreement of the
parties pertaining to this particular Executive Supplemental Retirement Plan Agreement. 

	M.
	Exhibit C: 

        An
illustration of the projected amount of the Retirement Benefits set forth hereinabove is attached hereto and marked as Exhibit "C". The numbers referred to in said Exhibit "C" are not
actual or representative of any actual Retirement Benefits that may be received by the participant per the terms of this Agreement. Exhibit "C" is attached hereto merely for illustrative purposes only
and the Bank does not make any promises or other representations regarding any said amounts set forth therein. 

        IN
WITNESS WHEREOF, the parties hereto acknowledge that each has carefully read the Agreement and executed the original thereof on the 14th day of August, 2000, and that, upon execution,
each has received a conforming copy. 

	 
	 	 
	 	 

	 	 	BUTTE COMMUNITY BANK

Paradise, CA
	

 	
 	

 	
 	

 
	/s/  JOHN A STANTON      	 	By:	 	/s/  DON LEFORCE                Chairman
	
 Witness	 	 	 	
                                        
  Title
	

 	
 	

 	
 	

 
	 	 	By:	 	/s/  K C ROBBINS      
	
 Witness	 	 	 	
 Keith Robbins

10

  

 
 

EXHIBIT "A"
  
    BENEFICIARY DESIGNATION FORM
  FOR THE EXECUTIVE SUPPLEMENTAL
  RETIREMENT PLAN AGREEMENT    
  

PRIMARY DESIGNATION:  

	Name
	 	Address
	 	Relationship

	

Robbins Revocable Inter Vivos Trust DTD 9-29-95, Keith C Robbins and

	

Catherine Robbins TTEEs

	

4509 Sunset Oak Dr, Paradise CA 95969

	
SECONDARY (CONTINGENT) DESIGNATION:	
 	

 
	

Catherine Robbins                        4509 Sunset Oak Dr., Paradise
CA                        Wife

	

	

        All
sums payable under the Executive Supplemental Retirement Plan Executive Agreement by reason of my death shall be paid to the Primary Beneficiary, if he or she survives me, and if no
Primary Beneficiary shall survive me, then to the Secondary (Contingent) Beneficiary. 

	/s/  KEITH C ROBBINS      	 	 	 	8-1-00
	
 Signature of Participant	 	 	 	
 Date

11

 
 
 

EXHIBIT "B"
  
    DEFERRAL DECLARATION    
  

I.    AUTHORIZATION AND AMOUNT OF DEFERRAL  

        The undersigned Keith Robbins, an Executive of the Butte Community Bank hereby elects to defer $20,000 ($ or percent) of the Executive's income for the year 2001
and all subsequent years thereafter pursuant to the Executive Supplemental Retirement Plan Executive Agreement dated the 1st day of August, 2000, unless modified by the Executive accordingly. The
undersigned is a party to the above-referenced Agreement. 

II.    DISTRIBUTION ELECTION  

        Pursuant to the Provisions of my Executive Supplemental Retirement Plan Executive Agreement with Butte Community Bank, I hereby elect to have any distribution of
the balance in my Deferral Account paid to me in installments as designated below: 

	o	 	Lump sum.
	

o	
 	

Five (5) annual installments with the amount of each installment determined as of each installment date by dividing the entire amount in my Benefit Account by the number of installments then remaining to be paid, with the final installment to be
the entire remaining balance in the Benefit Account.
	

o	
 	

Ten (10) annual installments with the amount of each installment determined as of each installment date by dividing the entire amount in my Benefit Account by the number of installments then remaining to be paid, with the final installment to be
the entire remaining balance in the Benefit Account.
	

ý	
 	

Fifteen (15) annual installments with the amount of each installment determined as of each installment date by dividing the entire amount in my Benefit Account by the number of installments then remaining to be paid, with the final installment
to be the entire remaining balance in the Benefit Account.
	

ý	
 	

The aforestated length of time for payments in monthly installments.

III. DISTRIBUTION ELECTION UPON A CHANGE OF CONTROL  

	o	 	Lump sum within thirty (30) days of Change of Control.
	

o	
 	

Pursuant to election made in Paragraph II above.

	

Date: Aug 1 2000
	
 	

Executive:	
 	

/s/  K C ROBBINS      
 Keith Robbins

12

 
 
 

AMENDMENT
  TO THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN
  EXECUTIVE AGREEMENT    
  

        This Amendment, made and entered into this 10th day of January, 2002, by and between Butte Community Bank, a bank organized and existing under the laws of the
State of California, hereinafter referred to as the "Bank," and Keith Robbins, an Employee of the Bank, hereinafter referred to as the "Employee," shall effectively amend the Executive Supplemental
Retirement Plan Executive Agreement, as specifically set forth herein pursuant to Paragraph VIII of said agreement. The Agreement shall be amended as follows: 

	1.)
	Subparagraph
III (D) (v) shall be amended to include the following language as the last sentence of said Subparagraph: 

"If
the Executive dies while employed by the Bank prior to the Executive's Normal Retirement Age (Subparagraph I [K], then said Deferred Compensation Account balance to be paid
at death hereunder
shall assume that the Executive deferred fees as set forth herein until the Executive's Normal Retirement Age and subject to a maximum amount of said deferral as approved by the Board of the Bank in
its sole discretion for said time period from death to the Executive's Normal Retirement Age." 

        This
Amendment shall be effective the 21st day of December, 2001. To the extent that any term, provision, or paragraph of said agreement is not specifically amended herein, or in any
other amendment thereto, said term, provision, or paragraph shall remain in full force and effect as set forth in said August 14, 2000 Agreement (effective July 1, 2000). 

        IN
WITNESS WHEREOF, the parties hereto acknowledge that each has carefully read this Amendment and executed the original thereof on the first day set forth hereinabove, and that, upon
execution, each has received a conforming copy. 

	 
	 	 
	 	 
	 

	 	 	BUTTE COMMUNITY BANK

Paradise, California	 
	

 	
 	

 	
 	

 	

 
	/s/  JOHN F COGER      	 	By:	 	/s/  DON LEFORCE      	Chairman
	
 Witness	 	 	 	
 Title
	

 	
 	

 	
 	

 	

 
	/s/  C LARSON      	 	 	 	/s/  KEITH ROBBINS      	 
	
 Witness	 	 	 	
 Keith Robbins

13

QuickLinks

Exhibit 10.3

EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN EXECUTIVE AGREEMENT

EXHIBIT "A" BENEFICIARY DESIGNATION FORM FOR THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN AGREEMENT

EXHIBIT "B" DEFERRAL DECLARATION

AMENDMENT TO THE EXECUTIVE SUPPLEMENTAL RETIREMENT PLAN EXECUTIVE AGREEMENTQuickLinks
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Exhibit 10.4    
  

NOTWITHSTANDING ANY OTHER PROVISION OF THIS AGREEMENT, NO SHARES OF BUTTE COMMUNITY BANK'S STOCK SHALL BE ISSUED PURSUANT HERETO UNLESS THE BUTTE COMMUNITY BANK 1997 STOCK
OPTION PLAN SHALL HAVE FIRST BEEN APPROVED BY THE SHAREHOLDERS OF BUTTE COMMUNITY BANK.

 
 

BUTTE COMMUNITY BANK
  
    INCENTIVE STOCK OPTION AGREEMENT    
  

        This Incentive Stock Option Agreement (the "Agreement") is made and entered into as of the 1st day of May, 1997, by and between Butte Community Bank, a California
corporation (the "Bank"), and Keith C. Robbins ("Optionee"); 

        WHEREAS,
pursuant to the Butte Community Bank 1997 Stock Option Plan (the "Plan"), a copy of which is attached hereto, the Board of Directors of the Bank (or the Stock Option Committee,
if authorized by the Board of Directors) has authorized granting to Optionee, an incentive stock option to purchase all or any part of Four thousand one hundred seventy-six (4,176)
authorized but unissued shares of the Bank's common stock for cash at the price of Fourteen Dollars and fifty Cents ($14.50) per share, such option to be for the term and upon the terms and conditions
hereinafter stated; 

        NOW,
THEREFORE, it is hereby agreed: 

        1.    Grant of Option.    Pursuant to said action of the Board of
Directors, or the Stock Option Committee, if applicable, and pursuant to authorizations granted by all appropriate regulatory and governmental agencies, the Bank hereby grants to Optionee the option
to purchase, upon and subject to the terms and conditions of the Plan, which is incorporated in full herein by this reference, all or any part of Four thousand one hundred seventy-six
(4,176) shares of the Bank's common stock (hereinafter called "stock") at the price of Fourteen Dollars and fifty Cents ($14.50) per share, which price is not less than one hundred percent (100%) of
the fair market value of the stock (or not less than 110% of the fair market value for Optionee-shareholders who own more than ten percent (10%) of the total combined
voting power of all classes of stock of the Bank) as of the date of action of the Board of Directors, or the Stock Option Committee, if applicable, granting this option. 

        2.    Exercisability.    This option shall be exercisable as to 100%
of value. This option shall remain exercisable as to all of such shares until April 30, 2007, (but not later than ten (10) years from the date this option is granted) unless this option
has expired or terminated earlier in accordance with the provisions hereof. Shares as to which this option becomes exercisable pursuant to the foregoing provision may be purchased at any time prior to
expiration of this option. 

        3.    Exercise of Option.    This option may be exercised by written
notice delivered to the Bank stating the number of shares with respect to which this option is being exercised, together with cash in the amount of the purchase price of such shares. Not less than ten
(10) shares may be purchased at any one time unless the number purchased is the total number which may be purchased under this option and in no event may the option be exercised with respect to
fractional shares. Upon exercise, Optionee shall make appropriate arrangements and shall be responsible for the withholding of any federal and state taxes then due. 

        4.    Cessation of Employment.    Except as provided in Paragraphs 2
and 5 hereof, if Optionee shall cease to be an employee of the Bank or a subsidiary corporation for any reason other than Optionee's death or disability [as defined in
Section 22(e)(3) of the Internal Revenue Code of 1986, as amended from time to time (the "Code")], this option shall expire three (3) months thereafter. During the three
(3) month period this option shall be exercisable only as to those installments, if any, which had accrued as of the date when the Optionee ceased to be an employee of the Bank or a subsidiary
corporation. 

 

        5.    Termination of Employment for Cause.    If Optionee's employment
with the Bank or a subsidiary corporation is terminated for cause, this option shall expire immediately, unless reinstated by the Board of Directors within thirty days (30) days of such
termination by giving written notice of such reinstatement to Optionee at his or her last known address. In the event of such reinstatement, Optionee may exercise this option only to such extent, for
such time, and upon such terms and conditions as if Optionee had ceased to be an employee of the Bank or a subsidiary corporation upon the date of such termination for a reason other than cause, death
or disability. Termination for cause shall include, but not be limited to, termination for malfeasance or gross misfeasance in the performance of duties or conviction of a crime involving moral
turpitude, and, in any event, the determination of the Board of Directors with respect thereto shall be final and conclusive. 

        6.    Nontransferability; Death or Disability of Optionee.    This
option shall not be transferable except by will or by the applicable laws of descent and distribution and shall be exercisable during Optionee's lifetime only by Optionee. If Optionee dies while
serving as an employee of the Bank or a subsidiary corporation, or during the three (3) month period referred to in Paragraph 4 hereof, this option shall expire one (1) year after
the date of Optionee's death or on the day specified in Paragraph 2 hereof, whichever is earlier. After Optionee's death but before such expiration, the persons to whom Optionee's rights under
this option shall have passed by will or by the applicable laws of descent and distribution or the executor or administrator of Optionee's estate shall have the right to exercise this option as to
those shares for which installments had accrued under Paragraph 2 hereof as of the date on which Optionee ceased to be an employee of the Bank or a subsidiary corporation. 

        If
Optionee terminates his or her employment because of disability, Optionee may exercise this option to the extent he or she is entitled to do so at the date of termination, at any time
within one (1) year of the date of termination, or before the expiration date specified in Paragraph 2 hereof, whichever is earlier. 

        7.    Employment.    This Agreement shall not obligate the Bank or a
subsidiary corporation to employ Optionee for any period, nor shall it interfere in any way with the right of the Bank or a subsidiary corporation to reduce Optionee's compensation. 

        8.    Privileges of Stock Ownership.    Optionee shall have no rights
as a shareholder with respect to the Bank's stock subject to this option until the date of issuance of stock certificates to Optionee. Except as provided in the Plan, no adjustment will be made for
dividends or other rights for which the record date is prior to the date such stock certificates are issued. 

        9.    Modification and Termination.    The rights of Optionee are
subject to modification and termination upon the occurrence of certain events as provided in Sections 13 and 14 of the Plan. 

        10.    Notification of Sale.    Optionee agrees that Optionee, or any
person acquiring shares upon exercise of this option, will notify the Bank not more than five (5) days after any sale or other disposition of such shares. No shares issuable upon the exercise
of this option shall be issued and delivered unless and until the Bank has fully complied with all applicable requirements of any regulatory agency having jurisdiction over the Bank, and all
applicable requirements of any exchange upon which stock of the Bank may be listed. 

        11.    Notices.    Any notice to the Bank provided for in this
Agreement shall be addressed to it in care of its President or Chief Financial Officer at its main office and any notice to Optionee shall be addressed to Optionee's address on file with the Bank or a
subsidiary corporation, or to such other address as either may designate to the other in writing. Any notice shall be deemed to be duly given if and when enclosed in a properly sealed envelope and
addressed as stated above and deposited, postage prepaid, with the United States Postal Service. In lieu of giving notice by mail as aforesaid, any written notice
under this Agreement may be given to Optionee in person, and to the Bank by personal delivery to its President or Chief Financial Officer. 

2

 

        12.    Incentive Stock Option.    This Agreement is intended to be an
incentive stock option agreement as defined in Section 422 of the Code. 

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

	OPTIONEE
 
	 	BUTTE COMMUNITY BANK
 

	

By	
 	

/s/  K C ROBBINS      
	
 	

By	
 	

/s/  K C ROBBINS      

	

 	
 	

 	
 	

By	
 	

/s/  DONALD W. LEFORCE      

3

QuickLinks

Exhibit 10.4

BUTTE COMMUNITY BANK INCENTIVE STOCK OPTION AGREEMENT

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