Document:

EXHIBIT 10.10

                           DEFERRED COMPENSATION PLAN

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                           DEFERRED COMPENSATION TRUST
                   FIRST NATIONAL BANK OF NORTHERN CALIFORNIA

         THIS TRUST AGREEMENT entered into as of this 30th day of November,
1997, by and between FIRST NATIONAL BANK OF NORTHERN CALIFORNIA, a national
banking association having its principal place of business at South San
Francisco, California, and any successor thereto (hereinafter collectively
referred to as the "Bank"), and THE MECHANICS BANK, a California State banking
and trust corporation with its principal place of business at Richmond,
California (hereinafter referred to as the "Trustee").

                                   WITNESSETH:

         WHEREAS, from time to time, the Bank expects to enter into deferred
compensation agreements (hereinafter referred to as "Deferred Compensation
Agreements") with certain officers of the Bank, substantially in the form
attached hereto as Exhibit A; and

         WHEREAS, the Bank has incurred or expects to incur liabilities under
the terms of the Deferred Compensation Agreements with respect to the officers
participating thereunder (hereinafter referred to as the "Participant" or the
"Participants"); and

         WHEREAS, the Bank wishes to establish a trust (hereinafter referred to
as the "Trust") and to contribute to the Trust certain assets that shall be held
therein, subject to the claims of the Bank's creditors in the event of the
Bank's Insolvency (as hereinafter defined) until paid to such officer(s) and
their beneficiaries in such manner and at such times as specified in the
Deferred Compensation Agreements; and
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         WHEREAS, it is the intention of the Bank that this Trust shall
constitute an unfunded arrangement and shall not affect the status of the
Deferred Compensation Agreements as unfunded arrangements maintained for the
purpose of providing deferred compensation for a select group of management or
highly compensated employees, for purposes of Title I of the Employee Retirement
Income Security Act of 1974, as amended; and

         WHEREAS, it is the intention of the Bank to make contributions of cash
or other property to the Trust to provide itself with a source of funds to
assist it in meeting its liabilities under the Deferred Compensation Agreements
(hereinafter referred to as "Contributions");

         NOW, THEREFORE, the parties do hereby establish the Trust and agree
that the Trust shall be comprised, held and disposed of as follows:

                                    SECTION I

                             ESTABLISHMENT OF TRUST

         (a)   The Trust is hereby established as the "Deferred Compensation
Trust for First National Bank of Northern California."

         (b)   The Bank hereby deposits certain assets with the Trust, and the
Trustee hereby acknowledges receipt of such assets, which assets shall become
the principal of the Trust, to be held, administered and disposed of by the
Trustee as provided in this Trust Agreement. The Bank, in its sole discretion,
may at any time, or from time to time, make Contributions to augment the
principal of the Trust, to be held, administered and disposed of by the Trustee
as provided in this Trust Agreement. Neither the Trustee nor any Participant or
beneficiary of a Participant shall have the right to compel such Contributions.

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         (c)   The Trust hereby established shall be irrevocable, but may be
amended as provided under (and only as provided under) Section XII.

         (d)   The Trust is intended to be a grantor trust, of which the Bank is
the grantor, within the meaning of subpart E, part I, subchapter J, chapter 1,
subtitle A of the Internal Revenue Code of 1986, as amended, and shall be
construed accordingly.

         (e)   The principal of the Trust, and any earnings thereon, shall be
held separate and apart from other funds of the Bank and shall be used
exclusively for the uses and purposes of the Participants and general creditors
as herein set forth. The Participants and their beneficiaries shall have no
preferred claim on, or any beneficial ownership interest in, any assets of the
Trust. Any rights created under the Deferred Compensation Agreements and this
Trust Agreement shall be mere unsecured contractual rights of the Participants
and their beneficiaries against the Bank. Any assets held by the Trust will be
subject to the claims of the Bank's general creditors under federal and state
law in the event of Insolvency, as defined in Section III(a) herein.

         (f)   The Trustee shall be accountable for all Contributions received,
but the Trustee shall have no duty to see that the Contributions received are
sufficient to provide for retirement, disability, or death benefits, nor shall
the Trustee be obligated to enforce or collect any Contribution from the Bank.
Notwithstanding the foregoing, in the event of a Change in Control, the Trustee
shall have the right, duty and obligation to monitor, enforce and/or collect any
Contributions due and owing from the Bank or to give notice of any default in
making Contributions to or for the benefit of any person.

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                                   SECTION II

                PAYMENTS TO PARTICIPANTS AND THEIR BENEFICIARIES

         (a)   The Bank shall deliver to the Trustee a schedule (the "Payment
Schedule") that indicates the amounts payable in respect of each Participant
(and his or her beneficiaries), and that provides a formula or other
instructions acceptable to the Trustee for determining the amounts so payable,
the form in which such amount is to be paid (as provided for or available under
the Deferred Compensation Agreements), and the time of commencement for payment
of such amounts. The Bank shall be deemed to be in default if it fails to
fulfill its payment obligations required under the Deferred Compensation
Agreements and shall fail to cure any such failure within thirty (30) days after
receiving written notice of such failure from any affected Participant or
beneficiary. Upon the Trustee's receipt of a written certification of such
default from the affected Participant or beneficiary, the Trustee shall make
payments to such Participant or beneficiary in accordance with the relevant
Payment Schedule. Unless such certification shall have been provided by the
Bank, the Trustee shall provide to the Bank a copy of such certification and
notice of its commencement of such payments. The Trustee shall then continue to
make such payments until such time, if any, as it may receive written
instructions to the contrary signed by both the Bank and the affected
Participant or beneficiary.

         (b)   The Trustee shall, in accordance with the written instructions of
the Bank, withhold and report any federal, state or local taxes that may be
required to be withheld and reported with respect to the payment of the benefits
pursuant to the terms of the Deferred Compensation Agreements and shall pay
amounts withheld to the appropriate taxing authorities. In addition, the Trustee
shall be authorized to pay any federal, state or local taxes to any governmental
body that presents a tax deficiency notice to the Trustee with respect to income
or asserts of the Trust The Bank shall deliver to the Trustee each year a

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certificate which specifies the amount of taxes to be withheld, if any, with
respect to benefit payments to be made hereunder. The Trustee shall be entitled
to rely conclusively on the written instructions of the Bank as to all tax
reporting and withholding requirements.

         (c)   The entitlement of a Participant or his or her beneficiaries to
benefits under a Deferred Compensation Agreement shall be determined by the Bank
or such party (other than the Trustee) as the Bank shall designate under the
Deferred Compensation Agreements, and any claim for such benefits shall be
considered and reviewed under the procedures set out in the Deferred
Compensation Agreements.

         (d)   The Bank may make payment of benefits directly to the
Participants or their beneficiaries, if they become so payable under the
Deferred Compensation Agreements to such Participants or beneficiaries. The Bank
shall notify the Trustee of its decision to make payment of benefits directly,
prior to the time amounts are payable to the Participants or their
beneficiaries. In addition, if the principal of the Trust, and any earnings
thereon, are not sufficient to make payments of benefits in accordance with the
terms of the Deferred Compensation Agreements, the Bank shall make the balance
of each such payment as it falls due. The Trustee shall notify the Bank if and
when such principal and earnings are not sufficient to discharge obligations
currently due under the Payment Schedule and shall have no further obligation
hereunder to anyone interested in the Trust.

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                                   SECTION III

                    TRUSTEE RESPONSIBILITY REGARDING PAYMENTS

                            IF THE BANK IS INSOLVENT

         (a)   The Trustee shall cease payment of benefits to the Participants
and their beneficiaries if the Bank is Insolvent. The Bank shall be considered
"Insolvent" for purposes of this Trust Agreement if (i) the Bank confirms in
writing that it is unable to pay its debts as they become due; (ii) the Bank is
subject to a pending proceeding as a debtor under the United States Bankruptcy
Code; (iii) a state or federal banking regulatory agency determines that the
Bank is insolvent, or that the payments of benefits would be unsafe or unsound;
(iv) the Bank is subject to a liquidation proceeding or other action by a state
or federal banking regulatory agency to assume control of the Bank including the
appointment of a receiver or conservator; or (v) a state or federal banking
regulatory agency directs the Trustee to cease payments.

         (b)   At all times during the continuance of this Trust, as provided in
Section I(e) hereof, the principal and income of the Trust shall be subject to
claims of general creditors of the Bank under federal and state law as set forth
below.

               (1)    The Board of Directors and the Chief Executive Officer of
the Bank shall have the duty to inform the Trustee in writing of the Bank's
Insolvency. If a person claiming to be a creditor of the Bank alleges in writing
to the Trustee that the Bank has become Insolvent, the Trustee shall provide a
copy of such writing to the Bank and shall request the Bank to inform the
Trustee in writing whether or not the Bank is, in fact, Insolvent. Upon such
request, the Bank shall inform the Trustee of its Insolvency or shall establish
by court action for declaratory relief that the Bank is not Insolvent. An action
for declaratory relief in this situation may also be brought by a Participant.

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Until such time as a court has issued a declaration that the Bank is not
Insolvent, the Trustee shall discontinue payment of benefits to the Participants
or their beneficiaries.

               (2)    The Trustee shall have no duty to determine whether or not
the Bank is Insolvent. Unless the Trustee has received written notice from a
person claiming to be a creditor alleging that the Bank is Insolvent, the
Trustee shall have no duty to inquire whether the Bank is Insolvent. If, under
paragraph (b)(l) above, the Bank has been determined to be Insolvent, the
Trustee shall discontinue payments to the Participants or their beneficiaries
and shall hold the assets of the Trust for the benefit of the Bank's general
creditors. Nothing in this Trust Agreement shall in any way diminish any rights
of the Participants or their beneficiaries to pursue their rights as general
creditors of the Bank with respect to benefits due under the Deferred
Compensation Agreements or otherwise.

               (3)    The Trustee shall resume the payment of benefits to
Participants or their beneficiaries in accordance with Section II of this
Agreement only after a court has issued a declaration that the Bank is not (or
is no longer) Insolvent Provided that there are sufficient assets, if the
Trustee discontinues the payment of benefits from the Trust pursuant to Section
III(b) hereof and subsequently resumes such payments, the first payment
following such discontinuance shall include the aggregate amount of all payments
due to the Participants or their beneficiaries under the terms of the Deferred
Compensation Agreements for the period of such discontinuance, less the
aggregate amount of any payments made to the participants or their beneficiaries
by the Bank in lieu of the payments provided for hereunder during any such
period of discontinuance.

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                                   SECTION IV

                              PAYMENTS TO THE BANK

         Except as provided in Section III or XII hereof, the Bank shall have no
right or power to direct the Trustee to return to the Bank or to divert to
others any of the assets of the Trust before all payment of benefits have been
made to the Participants and their beneficiaries pursuant to the terms of the
Deferred Compensation Agreements.

                                    SECTION V

                                TRUSTEE'S POWERS

         (a)   All rights associated with assets of the Trust shall be exercised
by the Trustee, as hereinafter set forth and shall in no event be exercisable by
or rest with the Participants. The Bank shall have the right at any time, and
from time to time in its sole discretion, to substitute assets of equal fair
market value for any asset held by the Trust, provided that any such assets are
acceptable to the Trustee. This right is exercisable by the Bank in a
nonfiduciary capacity without the approval or consent of any person in a
fiduciary capacity.

         (b)   Subject to the foregoing, the Trustee shall have the following
discretion, powers and authority in the administration and investment of the
assets of the Trust, in addition to those vested in the Trustee elsewhere in
this Trust Agreement or by applicable law:

               (i)    Subject to any written investment guidelines provided to
the Trustee by the Bank from time to time, to invest and reinvest the assets of
the Trust, without distinction between principal and income, in any kind of
property, real, personal or mixed, tangible or intangible and in any kind of
investment, security or obligation suitable for the investment of Trust assets,
including federal, state and municipal tax-free obligations and other tax-free
investment vehicles, insurance policies and annuity contracts, and any common
bust fund, group trust, pooled fund, or other commingled investment fund

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maintained by the Trustee or any other bank or entity for trust investment
purposes in which the Trust is eligible to invest and the provisions governing
such funds shall be part of the Trust Agreement as though fully restated herein;
and to have all the rights, powers and privileges of an owner with respect to
the securities held in the Trust, including, but not limited to, the powers to
vote, give proxies, and pay assessments, to participate in voting busts, pooling
agreements, foreclosures, reorganizations, consolidations, mergers and
liquidations, and transfer title to any protective or other committee on such
terms as the Trustee may deem advisable, and to exercise or sell stock
subscription or conversion rights;

               (ii)   To purchase, and maintain as owner, a life insurance
policy or policies with respect to Participants; provided however, that the
Trustee shall not be required to purchase or take any action under a life
insurance policy or policies with respect to the Participants unless directed to
do so by the Bank, which shall designate the face amount of said policy or
policies, the terms of the policy or policies and the insurance company;

               (iii)  To sell for cash or on credit, to grant options, convert,
redeem, exchange for other securities or other property, or otherwise to dispose
of, any security or other property at any time held except that the Trustee
shall have no right or obligation to take any action with respect to any
insurance contract or policy unless so directed by the Bank;

               (iv)   At the direction of the Bank, to settle, compromise or
submit to arbitration, any claims, debts or damages, due to or owning to or from
the Trust, to commence or defend suits or legal proceedings and to represent the
Trust in all suits or legal proceedings provided, however, the Trustee shall not
be expected or required to undertake any of the foregoing unless there are
sufficient assets in the Trust with which to do so, or the Trustee has received
assurances by a party to this Trust, satisfactory to the Trustee, of the payment
or reimbursement of the expenses connected therewith;

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               (v)    To exercise any conversion privilege (other than
conversion privileges with respect to any insurance policy, which shall be
exercised only upon direction of the Bank) and/or subscription right available
in connection with securities or other property at any time held, to oppose or
to consent to the reorganization, consolidation, merger or readjustment of the
finances of any corporation, bank or association or to the sale, mortgage,
pledge or lease of the property of any corporation, bank or association any of
the securities of which may at any time be held and to do any act with reference
thereto, including the exercise of options, making of agreement or subscription,
which may be deemed necessary or advisable in connection herewith, and to hold
and retain any securities or other properties so acquired;

               (vi)   To hold cash uninvested for a reasonable period of time
under the circumstances without liability for interest, pending investment
thereof or the payment of expenses or making distribution therewith;

               (vii)  To form corporations and to create trusts to hold title to
any securities or other property, all upon such terms and conditions as may be
deemed advisable;

               (viii) To employ suitable agents and counsel and to pay their
reasonable expenses and compensation;

               (ix)   To register any securities held hereunder in the name of
the Trustee or in the name of a nominee with or without the addition of welds
indicating that such securities are held in a fiduciary capacity and to hold any
securities in bearer form and to combine certificates representing such
securities with certificates of the same issue held by the Trustee in other
fiduciary or representative capacities, or to deposit securities in any
qualified central depository where such securities may be held in bulk in the

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name of the nominee of such depository with securities deposited by other
depositors, or deposit securities issued by the United States Government, or any
agency or instrumentalities thereof, with a Federal Reserve Bank;

               (x)    To make, execute and deliver, as the Trustee, any and all
conveyances, contracts, waivers, releases or other instruments in writing
necessary or proper for the accomplishment of any of the foregoing powers;

               (xi)   To have any and all other powers or authority, under the
laws of the state in which the Trustee's principal executive offices are
located, relevant to performance in the capacity as the Trustee; and

               (xii)  To settle, compromise or submit to arbitration, any
claims, debts or damages, due or owing to or from the Trust, to commence or
defend suits or legal proceedings and to represent the Trust in all suits or
legal proceedings; provided, however, the Trustee shall not be expected or
required to undertake any of the foregoing unless there are sufficient assets in
the Trust with which to do so, or the Trustee has received assurances by the
Bank or other party, satisfactory to the Trustee, of the payment or
reimbursement of the expenses connected therewith.

                                   SECTION VI

                              DISPOSITION OF INCOME

         During the term of this Trust, all income received by the Trust, net of
distributions, expenses and taxes, shall be accumulated and reinvested.

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                                   SECTION VII

                            ACCOUNTING BY THE TRUSTEE

         The Trustee shall keep accurate and detailed records of all
investments, receipts, disbursements, and all other transactions required to be
made, including such specific records as shall be agreed upon in writing between
the Bank and the Trustee. Within ninety (90) days following the close of each
calendar year and within sixty (60) days after the removal or resignation of the
Trustee, the Trustee shall deliver to the Bank a written account of its
administration of the Trust during such year or during the period from the close
of the last preceding year to the date of such removal or resignation, setting
forth all investments, receipts, disbursements and other transactions effected
by it, including a description of all securities and investments purchased and
sold with the cost or net proceeds of such purchases or sales (accrued interest
paid or receivable being shown separately), and showing all cash, securities and
other property held in the Trust at the end of each year or as of the date of
such removal or resignation, as the case may be.

                                  SECTION VIII

                          RESPONSIBILITY OF THE TRUSTEE

         (a)   The Trustee shall act with the care, skill, prudence and
diligence under the circumstances then prevailing that a prudent person acting
in like capacity and familiar with such matters would use in the conduct of an
enterprise of a like character and with like aims, provided, however, that the
Trustee shall incur no liability to any person for any action taken pursuant to
a direction, request or approval given by the Bank which is contemplated by, and
in conformity with, the terms of the Deferred Compensation Agreements or this
Trust Agreement and is given in writing by the Bank. In the event of a dispute

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between the Bank and any other party, the Trustee may apply, at the expense of
the Trust to a court of competent jurisdiction located in San Mateo County,
California, to resolve the dispute.

         (b)   If the Trustee undertakes or defends any litigation arising in
connection with this Trust except where it is finally determined by a court of
competent jurisdiction that the Trustee breached its duties under this Trust
Agreement the Bank agrees to indemnify the Trustee against the Trustee's costs,
expenses and liabilities (including, without limitation, attorneys' fees and
expenses) relating thereto and to be primarily liable for such payments. If the
Bank does not pay such costs , expenses and liabilities in a reasonably timely
manner, the Trustee may obtain payment from the Trust.

         (c)   The Trustee may consult with legal counsel (who may also be
counsel for the Bank generally) with respect to any of its duties or obligations
hereunder and charge counsel fees to the Trust if they are not paid in a timely
manner by the Bank.

         (d)   The Trustee may hire agents. accountants, actuaries, investment
advisors, financial consultants or other professionals to assist it in
performing any of the duties or obligations of the Trustee hereunder.

         (e)   The Trustee shall have, without exclusion, all powers conferred
on trustees by applicable law, unless expressly provided otherwise herein;
provided, however, that if an insurance policy is acquired or held at the
direction of the Bank as an asset of the Trust, the Trustee shall have no power
to name a beneficiary of the policy other than the Trust, or to assign the
policy other than to a successor trustee, or to loan any person (including the
Bank) the proceeds of any borrowing against such policy.

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         (f)   Notwithstanding any powers granted to the Trustee pursuant to
this Trust Agreement or under applicable law, the Trustee shall not have any
power that could give this Trust the objective or carrying on a business and
dividing the gains therefrom, within the meaning of Section 301.7701-2 of the
Procedure and Administrative Regulations promulgated pursuant to the Internal
Revenue Code.

         (g)   The Trustee shall be entitled to conclusively rely upon any
written notice, direction, instruction, certificate or other communication
delivered to the Trustee and believed by the Trustee to be genuine and to have
been signed by the proper person or persons.

         (h)   Nothing contained in this Trust Agreement shall require the
Trustee to risk or expend its own funds in the performance of its duties
hereunder. In the acceptance and performance of its duties hereunder, the
Trustee acts solely as the Trustee of the Trust and not in its individual
capacity, and all persons, other than the Bank, having any claim against the
Trustee related to this Trust Agreement or the actions or agreements of the
Trustee contemplated hereby shall look solely to the Trustee for the payment or
satisfaction thereof, except to the extent that the Trustee has engaged in
willful misconduct or gross negligence, or the Trustee has willfully breached
its obligation under this Trust Agreement.

         (i)   The Trustee shall not be responsible for determining whether a
Change in Control (as defined herein) has occurred. The Bank will notify the
Trustee of the occurrence of a Change in Control, and the Trustee shall be
entitled to rely conclusively upon such notification for all purposes of a
Change in Control hereunder without any liability or further duty with respect
thereto.

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         (j)   Any amendment or amendments that are or may be made to the
Deferred Compensation Agreements shall not increase the Trustee's duties
hereunder without the express written consent of the Trustee.

                                   SECTION IX

                    COMPENSATION AND EXPENSES OF THE TRUSTEE

         The Bank shall pay all administrative costs and the Trustee's fees and
expenses. If not paid by the Bank, the fees and expenses shall be paid from the
Trust.

                                    SECTION X

                     RESIGNATION AND REMOVAL OF THE TRUSTEE

         (a)   The Trustee may resign at any time by written notice to the Bank,
which shall be effective thirty (30) days after receipt of such notice unless
the Bank and the Trustee agree otherwise, whether or not a successor has been
appointed and qualifies. The Trustee shall pay or deliver the assets of the
Trust to the successor trustee or bank (in further trust, pending the
appointment of a successor) as the case may be, at the end of such period. If
the Bank has not appointed a successor by the end of such period, the Trustee
may, at its election, apply to a court of competent jurisdiction for the
appointment of a successor.

         (b)   The Trustee may be removed by the Bank on sixty (60) days notice
to the Trustee or upon shorter notice accepted by the Trustee. Any successor
trustee may be removed by the Bank on ninety (90) days notice to such successor
trustee or upon shorter notice accepted by the successor trustee.

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         (c)   (l)    If, at the time of a Change in Control (as defined
herein), the then acting trustee is not independent of the Bank, the Board of
Directors of the Bank, as in existence immediately prior to the Change in
Control, shall designate an independent third party with corporate trustee
powers to act as a successor trustee and upon such appointment, the trustee
acting prior to such Change in Control shall resign. The successor trustee
appointed by the Board of Directors may not be removed by the Bank for two (2)
years following the date of such Change in Control.

               (2)    If, at the time of a Change in Control (as defined
herein), the then acting trustee is, other than serving as the trustee
hereunder, an independent party with respect to the Bank, such trustee may not
be removed by the Bank for the two (2) years following the date of such Change
in Control. Such trustee also may not be removed by the Bank in anticipation of
a Change of Control.

         (d)   If a successor trustee resigns at any time following a Change in
Control, or if a successor trustee is removed by the Bank at any time following
the expiration of the two (2) year period (as described in subpart (c) above)
following a Change in Control, the Chief Executive Officer of the Bank, as in
existence immediately prior to a Change in Control, shall select and cause the
appointment of a successor trustee in accordance with the provisions of Section
XI(a) hereof, and such appointment shall be accepted by the successor trustee
and effective on or before the effective date of such trustee's resignation or
removal. In all other instances of resignation or removal, the Bank shall
appoint a successor trustee in accordance with the provisions of Section XI(a)
hereof, with such appointment made on or before the effective date of a
trustee's resignation or removal.

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         (e)   Upon resignation or removal of a Trustee and appointment of a
successor trustee, all assets of the Trust shall subsequently be promptly
transferred to the successor trustee, in accordance with sub-section (a) hereof,

         (f)   If a Trustee resigns or is removed under paragraph (a), (b), or
(d) of this Section X, a successor shall be appointed in accordance with Section
XI hereof, with such appointment being effective on or before the effective date
of resignation or removal. If no such appointment has been made, the Bank or
such trustee (as applicable) may apply to a court of competent jurisdiction for
appointment of a successor or for instructions. Should such trustee be required
to apply to a court of competent jurisdiction for such purpose, all expenses of
such trustee in connection with the proceeding shall be allowed as
administrative expenses of the Trust.

                                   SECTION XI

                            APPOINTMENT OF SUCCESSOR

         (a)   If the Trustee resigns or is removed pursuant to the provisions
of Section X hereof, the Bank may appoint any independent third party, such as a
bank trust department or other entity that may be wanted corporate trustee
powers under applicable state law, to serve as successor trustee hereunder. The
appointment of a successor trustee shall be effective when accepted in writing
by the new trustee. The new trustee shall have shall of the rights and powers of
the former trustee, including ownership rights in the Trust assets. The former
trustee shall execute any instrument necessary or reasonably requested by the
successor trustee to evidence the transfer.

         (b)   The successor trustee need not examine the records and acts of
any prior Trustee and may retain or dispose of existing Trust assets, subject to
Sections VII and VIII hereof. The successor trustee shall not be responsible for
and the Bank shall indemnify and defend the successor trustee from any claim or

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liability resulting from any action or inaction of any prior trustee from any
other past event, or any condition existing at the time it becomes successor
trustee.

                                   SECTION XII

                            AMENDMENT OR TERMINATION

         (a)   This Trust Agreement may be amended by a written instrument
executed by the Trustee and the Bank. Notwithstanding the foregoing, no such
amendment shall conflict with the terms of the Deferred Compensation Agreements
or shall make the Trust revocable.

         (b)   The Trust shall not terminate until the Participants and their
beneficiaries are no longer entitled to any benefits pursuant to the terms of
the Deferred Compensation Agreements. Upon termination of the Trust, any assets
remaining in the Trust shall be returned to the Bank. Notwithstanding the
foregoing, if at any time prior to the termination of the Trust, pursuant to the
provisions set forth herein, the Trust has distributed its entire corpus, the
Trust shall terminate unless, within sixty (60) days of notification to the Bank
by the Trustee that all assets of the Trust have been distributed, the Bank
makes Contributions to the Trust for purposes of paying the benefits described
herein.

         (c)   Upon written approval of the Participants or their beneficiaries
entitled to payment of benefits pursuant to the terms of the Deferred
Compensation Agreements, the Bank may terminate this Trust prior to the time
such benefit payments have been made. All assets in the Trust at such
termination shall, after payment of all amounts due to the Trustee and all fees,
taxes, expenses chargeable to the Trust, be returned to the Bank.

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         (d)   Section(s) I (one), II (two), VI (six), X (ten) and XII (twelve)
of this Trust Agreement may not be amended by the Bank (i) in anticipation of a
Change in Control or (ii) for two (2) years following a Change of Control, as
defined herein.

                                  SECTION XIII

                                  MISCELLANEOUS

         (a)   Any provision of this Trust Agreement prohibited by law shall be
ineffective to the extent of any such prohibition, without invalidating the
remaining provisions hereof.

         (b)   Benefits payable to the Participants and their beneficiaries
under the Deferred Compensation Agreements and this Trust Agreement may not be
anticipated, assigned (either at law or in equity), alienated, pledged,
encumbered or subjected to attachment, garnishment, levy, execution or other
legal or equitable process.

         (c)   This Trust Agreement shall be governed by and constructed in
accordance with the laws of the State of California. Nothing in this Trust
Agreement shall be construed to subject the Trust to the Employee Retirement
Security Act of 1974, as amended.

         (d)   For purposes of this Trust, the term "Change in Control" shall
mean and include with respect to the Bank or any successor thereto (i) a change
in control of a nature that would be required to be reported in response to Item
6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange
Act of 1934, as amended (the "Exchange Act"), or in response to any other form
or report to the regulatory agencies or governmental authorities having
jurisdiction over the Bank or any stock exchange on which the Bank's shares are
listed which requires the reporting of a change in control; (ii) any merger,
consolidation or reorganization of the Bank in which the Bank does not survive;
(iii) any sale, lease, exchange, mortgage, pledge, transfer or other disposition

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(in one transaction or a series of transactions) of any assets of the Bank
having an aggregate fair market value of fifty percent (50%) of the total value
of the assets of the Bank, reflected in the most recent balance sheet of the
Bank; (iv) a transaction whereby any "person" (as such term is used in the
Exchange Act or any individual, corporation, partnership, trust or any other
entity) becomes the beneficial owner, directly or indirectly, of securities of
the Bank representing twenty-five percent (25%) or more of the combined voting
power of the Bank's then outstanding securities; or (v) a situation where, in
any one-year period, individuals who at the beginning of such period constitute
the Board of Directors of the Bank cease for any reason to constitute at least a
majority thereof, unless the election, or the nomination for election by the
Bank's shareholders, of each new director is approved by a vote of at least
three-quarters (3/4) of the directors then still in office who were directors at
the beginning of the period. Notwithstanding the foregoing or anything else
contained herein to the contrary, there shall not be a "Change of Control" for
purposes of this Agreement if the event which would otherwise come within the
meaning of the term "Change of Control" involves (i) a reorganization solely to
form a parent bank holding company at the direction of the Bank which owns 100%
of the Bank's voting securities following the reorganization, or (ii) an
employee stock ownership plan sponsored by the Bank or its parent holding
company which is the party that acquires "control" or is the principal
participant in the transaction constituting a "Change in Control," as described
above.

         (e)   The Bank shall be required to notify the Trustee of a Change in
Control or imminent Change in Control (for these purposes, a Change in Control
shall be imminent if it shall occur within sixty (60) days from the date of said
notice). The Trustee shall not be charged with actual knowledge of a Change in
Control until it has received notice, in writing, of such Change in Control or
imminent Change in Control.

                                       20
<PAGE>

         (f)   Every direction or notice authorized hereunder shall be deemed
delivered to the Bank or the Trustee as the case may be:

               (i)    on the date it is personally delivered to the Bank or the
Trustee at its respective principal executive office, or

               (ii)   three (3) business days after it is sent by registered or
certified mail, postage prepaid, addressed to the Bank or the Trustee at its
respective principal executive office.

         (g)   The Trustee shall be fully protected in relying upon a
certificate of an authorized representative of the Bank with respect to any
instruction, direction or approval of the Bank required or permitted hereunder,
and protected also in relying upon any such certification until any subsequent
certification is delivered to the Trustee.

         The Trustee shall be fully protected in acting upon any instrument,
certificate, or paper believed by it to be genuine and to be signed or presented
by the proper person or persons, and the Trustee shall be under no duty to make
any investigation or inquiry as to any statement contained in any such writing,
but may accept the same as conclusive evidence of the trust and accuracy
contained therein. Communications under this Agreement shall be in writing and
shall be sent to the following address:

                        Trustee:    3170 Hilltop Mall Road
                                    Richmond, CA 94806-0047

                        Bank:       975 El Camino Real
                                    South San Francisco, CA 94080

         (h)   This Trust Agreement may be executed in any number of
counterparts, each of which shall be deemed to be an original, but all of which
shall together constitute only one agreement.

                                       21
<PAGE>

                                   SECTION XIV

                                 EFFECTIVE DATE

         The effective date of this Trust Agreement shall be the first day of
November, 1997.

         IN WITNESS WHEREOF, this instrument has been executed in the City of
South San Francisco, County of San Mateo, State of California, as of the day and
year first above written.

ATTEST:                                FIRST NATIONAL BANK OF
                                       NORTHERN CALIFORNIA

/s/ JAMES B. RAMSEY                    By: /s/ MICHAEL R. WYMAN
------------------------------             ------------------------------
James B. Ramsey                            Michael R. Wyman

------------------------------             ------------------------------
                                           (Title)

ATTEST:                                THE MECHANICS BANK, as Trustee

                                       By: /s/ CHARLES RUHL
------------------------------             ------------------------------
                                           Charles Ruhl

                                           Vice President
                                           ------------------------------
                                           (Title)

                                       22
<PAGE>
                                    EXHIBIT A
          TO DEFERRED COMPENSATION TRUST DATED NOVEMBER 1, 1997

                         DEFERRED COMPENSATION AGREEMENT

      THIS DEFERRED COMPENSATION AGREEMENT is entered into by and between FIRST
NATIONAL BANK OF NORTHERN CALIFORNIA, a national banking association
(hereinafter "Employer") and (hereinafter "Employee") as of the date set forth
on the signature page hereto.

                                    RECITALS

      1. From time to time, Employer may establish individual unfunded plans for
the purpose of providing deferred compensation for persons in a select group of
its highly compensated employees, and Employer has designated Employee as
eligible to participate in such a plan.

      2. Employee desires Employer to pay deferred compensation to or for the
benefit of Employee, or a designated beneficiary, or both.

      3. Employer hereby establishes an individual plan for Employee
(hereinafter the "Plan") and Employee hereby accepts the terms and conditions
set forth herein to govern Employee's participation in the Plan.

      NOW, THEREFORE, in consideration of the foregoing, Employer and Employee
agree as follows:

                                    SECTION 1
                                   DEFINITIONS

      1.1 "Account" shall mean the separate account(s) established under the
Plan for Employee. Employer shall furnish Employee with a statement of his or
her account balance at least annually.

      1.2 "Beneficiary" shall mean the Beneficiary designated by Employee to
receive Employee's deferred compensation benefits in the event of his or her
death.

      1.3 "Change in Control" shall have the meaning set forth in Section 5.1 of
the Plan.

      1.4 "Code" shall mean the Internal Revenue Code of 1986, as amended from
time to time, and the rules and regulations promulgated thereunder.

      1.5 "Committee" shall mean the Loan and Discount Committee of the Board of
Directors of Employer or any other committee designated by the Board of
Directors of Employer to administer this Plan in accordance with Section 8
hereof.
<PAGE>

      1.6 "Compensation" shall mean the base salary and cash bonuses described
in Section 3.1.

      1.7 "Effective Date" shall mean the date hereof, unless otherwise
specified by the Committee.

      1.8 "Eligible Compensation "shall mean projected annual compensation from
Employer, determined on an annual basis by Employer at or before the beginning
of the Plan Year, which may consist of salary, bonus, and/or incentive payments,
determined before any deductions under any qualified plan of Employer and
excluding any special or non-recurring compensatory payments such as moving or
relocation bonuses or automobile allowances.

      1.9   "Hardship"  shall have the  meaning  set forth in Section  3.5
of the Plan.

      1.10 "Plan Year" shall mean the year beginning each January 1 and ending
December 31; notwithstanding the foregoing, the initial Plan Year shall mean the
period beginning with the Effective Date and ending on December 31, 1997.

      1.11 "Permanent Disability" shall mean that Employee is unable to engage
in any substantial gainful activity by reason of any medical determinable
physical or mental impairment that can be expected to result in death or
otherwise meets the definition of "Permanent Disability" as set forth the in
Employer's Disability Plan. Employee will not be considered to have a Permanent
Disability unless he or she furnishes proof of such condition sufficient to
satisfy Employer, in its sole discretion.

      1.12 "Trustee" shall mean the designated "Trustee" acting at any time
under the Trust described in Section 3.7.

                                    SECTION 2
                                   ELIGIBILITY

      2.1 Eligibility. Participation in the Plan shall commence as of the
Effective Date, provided that deferral of compensation under the Plan shall not
commence until Employee has complied with the election procedures set forth in
Section 3.3. Nothing in the Plan or in this Agreement shall be construed to
require any contributions by Employer to the Plan on behalf of Employee.

                                    SECTION 3
                              DEFERRED COMPENSATION

      3.1 Deferred Compensation. (a) Employee may elect, in accordance with
Section 3.3, to defer annually the receipt of a portion of the Compensation for
active service otherwise payable to him or her by Employer during each year or
portion of a year that Employee shall be employed by Employer. Any Compensation
deferred by Employee pursuant to Section 3.3 shall be recorded by Employer in
the Account, maintained in the name of Employee, which Account shall be credited
with a dollar amount equal to the total amount of Compensation deferred during

                                       2
<PAGE>

each Plan Year under the Plan, together with any earnings thereon credited in
accordance with Section 3.8, less any taxes payable by Employer on account of
such earnings. The amount or percentage of Compensation that Employee elects to
defer under Section 3.3 will remain constant for the year of the election and
shall not be subject to change during such year; and each such election or
discontinuance of election will continue in force for each successive year until
or unless suspended or modified by the filing of a subsequent election with
Employer by Employee in accordance with Section 3.3. That is, the most recent
election shall supersede and replace any and all prior elections. All deferrals
pursuant to this Section 3.1 shall be fully vested at all times. Deferral
elections shall be subject to a minimum dollar and maximum percentage amounts as
follows: (i) the minimum annual deferral amount is $ ______ which shall be
withheld from Employee's "base salary" or "cash bonus", and (ii) the maximum
deferral percentage amount is 80% of Employee's "base salary" and 100% of
Employee's "cash bonus". For purposes of this Section and Appendix 2 hereto,
"base salary" means Employee's regular annual compensation for a Plan Year,
determined as of this first day of that year, excluding bonuses, commissions,
overtime, incentive payments, non-monetary awards, compensation deferred
pursuant to any other plans of Employer and other special compensation. For
purposes of this Section and Appendix 2 hereto, "cash bonus" shall mean amounts
(if any) awarded under the bonus policies maintained by Employer.

            (b) Amounts deferred under the Plan shall be calculated and withheld
from Employee's base salary and/or cash bonus after such compensation has been
reduced to reflect salary reduction contributions to the Employer's Code Section
401(k) (savings) plan.

      3.2 Payment of Account Balances. (a) Employee shall elect whether he or
she will receive distribution of his or her entire Account, subject to
applicable tax withholding requirements, (i) upon reaching a specified age; (ii)
upon passage of at least five (5) years; (iii) upon termination of employment of
Employee with Employer, or (iv) upon the earlier to occur of (A) termination of
employment of Employee with Employer or (B) passage of a specified number of
years, as elected by Employee in accordance with the form attached hereto as
Appendix 1. A designation of the date of distribution shall be required as a
condition of participation under this Plan. Employee shall also elect to receive
all amounts payable to him or her in a lump sum or in equal monthly installments
over a designated period of sixty (60), one hundred twenty (120) or one hundred
eighty (180) months, pursuant to the provisions of Section 3.2(e). A separate
election form regarding the timing and form of distribution shall be required of
Employee for each year of participation in the Plan. This election shall be made
in accordance with Section 3.4.

            (b) Distributions shall be made to the maximum extent allowable
under the election made by Employee, except that no distribution shall be made
to the extent that the receipt of such distribution, when combined with the
receipt of all other "applicable employee remuneration" (as defined in Code
Section 162(m)(4)), would cause any remuneration received by Employee to be
nondeductible by Employer under Code Section 162(m)(l). The portion of any
distribution amount that is not distributed by operation of this Section 3.2(b)
shall be distributed in subsequent years in the manner elected by Employee until
Employee's Account has been fully liquidated. If Employee elects to receive
payment in a lump sum or over sixty (60), one hundred twenty (120) or one
hundred eighty (180) months, the commencement date of the lump sum payment or

                                       3
<PAGE>

the sixty (60), one hundred twenty (120) or one hundred eighty (180) month
period (whichever is applicable) shall be automatically extended, when necessary
to satisfy the requirements of this subsection, for twelve (12) month periods
until all Account balances have been distributed in the manner elected by
Employee.

            (c) Upon termination of Employee's employment with Employer by
reason of Permanent Disability prior to the date when payment of Account
balances otherwise would commence under the provisions of Section 3.2(a),
Employee or Employee's designated Beneficiary will be entitled to receive all
amounts credited to the Account of Employee as of the date of his or her
Permanent Disability (notwithstanding any contrary election to receive
distributions under the first sentence of Section 3.2(a)). Said amounts shall be
payable pursuant to the provisions of Section 3.2(e).

            (d) In the event that Employee dies while employed by Employer and
prior to commencement of distributions pursuant to this Plan, Employer shall pay
to Employee's designated beneficiary the balance in Employee's Account. The
balance in Employee's Account shall be payable pursuant to the provisions of
Section 3.2(e), over the number of years specified in the election by Employee
described in Section 3.4, in equal monthly installments, beginning on the last
day of the month following the month during which Employee dies. Upon the death
of Employee after the date of termination of employment with Employer and prior
to complete distribution of the entire balance of Employee's Account, the
balance of the Account on the date of death shall be payable to Employee's
designated Beneficiary pursuant to the provisions of Section 3.2(e).

            (e) Employer shall distribute or direct distribution of the balance
of amounts previously credited to Employee's Account, in a lump sum or in
monthly installments over a period of sixty (60), one hundred twenty (120) or
one hundred eighty (180) months as Employee shall designate. A designation of
the form of distribution shall be required as a condition of participation under
this Plan. Distribution of the lump sum or the first installment shall be made
or shall commence within thirty (30) days following the date specified in the
first sentence of Section 3.2(a). Subsequent installments, if any, shall be made
on the first day of each month following the first installment as determined by
Employer. The amount of each installment shall be calculated by dividing the
Account balance as of the date of the distribution by the number of installments
remaining pursuant to Employee's distribution election. Each such installment,
if any, shall take into account earnings credited to the balance of the Account
remaining unpaid. Employee's distribution election shall be in the form attached
hereto as Appendix 1.

            (f) Upon termination of Employee's employment with Employer by
reason other than death or Permanent Disability prior to the date when payment
of Account balances otherwise would commence under the provisions of Section
3.2(a), Employer may, in the sole discretion of the Committee, distribute to
Employee or Employee's designated Beneficiary all amounts credited to Employee's
Account as of the date of such termination (notwithstanding any contrary
election to receive distributions under the first sentence of Section 3.2(a)).

      3.3 Election to Defer Compensation. Each election of Employee to defer
compensation as provided in Section 3.1 shall be in writing, signed by Employee,
and delivered to Employer, together with all other documents required under the

                                       4
<PAGE>

provisions of the Plan, within thirty (30) days after the Effective Date for the
initial Plan Year and at least twenty (20) days prior to the beginning of each
Plan Year thereafter with respect to which the compensation to be deferred is
otherwise payable to Employee. Any deferral election made by Employee shall be
irrevocable with respect to any Compensation covered by such election, including
Compensation payable in the Plan Year in which the election suspending or
modifying the prior deferral election is delivered to Employer. Employer shall
withhold the amount or percentage of base salary specified to be deferred in
equal amounts for each payroll period and shall withhold the amount or
percentage of cash bonus specified to be deferred at the time or times such
bonus is or otherwise would be paid to Employee. The election to defer
compensation shall be in the form attached as Appendix 2.

      3.4 Distribution Election. Each distribution election of Employee as
provided in Section 3.2 shall be in writing, signed by Employee and delivered to
Employer, together with all documents required under the provisions of the Plan,
at least ten (10) days prior to the beginning of the Plan year with respect to
which the distribution election is to apply. Any distribution election made by
Employee shall be irrevocable with respect to any Compensation covered by such
election. Employee's distribution election shall be in the form attached hereto
as Appendix 1.

      3.5 Payment Upon Change in Control. Notwithstanding any other provisions
of the Plan, the aggregate balances credited to and held in Employee's Account
shall be distributed to Employee in a lump sum within thirty (30) days of a
Change in Control, as defined in Section 5.1. Alternatively, Employee may elect
to continue to participate in the Plan following a Change in Control if the Plan
remains in effect thereafter and Employee notifies Employer in writing not less
than twenty (20) days prior to the effective date of the Change in Control of
Employee's election to remain a participant in the Plan.

      3.6 Hardship. (a) Employee may apply for distributions from his or her
Account to the extent that Employee demonstrates to the reasonable satisfaction
of the Committee that he or she needs the funds due to Hardship. For purposes of
this Section 3.6, a distribution is made on account of Hardship only if the
distribution is made on account of an unforeseeable immediate and heavy
financial need of Employee and is necessary to satisfy that financial need.
Whether Employee has an immediate and heavy financial need shall be determined
by the Committee based on all relevant facts and circumstances, and shall
include, but not be limited to (i) the need to pay funeral expenses of a family
member; (ii) the need to pay expenses for medical care for Employee, Employee's
spouse or any dependent of Employee; or (iii) payments necessary to prevent the
eviction of Employee from Employee's principal residence or foreclosure on the
mortgage on that residence. A Hardship distribution shall not exceed the amount
required to relieve the financial need of Employee, nor shall a Hardship
distribution be made if the need may be satisfied from other resources
reasonably available to Employee. For purposes of this paragraph, Employee's
resources shall be deemed to include those assets of Employee's spouse and minor
children that are reasonably available to Employee. Prior to approving a
Hardship distribution, Employer shall require Employee to certify in writing
that Employee's financial need cannot reasonably be relieved (i) through
reimbursement or compensation by insurance or otherwise; or (ii) by cessation of
elective contributions under the Plan; or (iii) by other distributions or

                                       5
<PAGE>

nontaxable (at the time of the loan) loans from plans maintained by Employer or
by any other employer, or by borrowing from commercial sources on reasonable
commercial terms, in an amount sufficient to satisfy the need.

            (b) If Employee receives a Hardship distribution under this Section
3.6, Employee shall be ineligible to defer any additional compensation under the
Plan until the first day of the Plan Year following the first anniversary of the
date of the distribution. In addition, a new Election of Deferral must be
submitted to Employer as a condition of participation in the Plan.

      3.7 Employee's Rights Unsecured. The right of Employee or his or her
designated Beneficiary to receive a distribution hereunder shall be an unsecured
claim against the general assets of Employer, and neither Employee nor his or
her designated Beneficiary shall have any rights in or against any amount
credited to his or her Account or any other specific assets of Employer. This
Plan constitutes a mere promise by Employer to make benefit payments in the
future. Nothing contained in this Plan, and no action taken pursuant to its
provisions, shall create or be construed to create a trust of any kind or a
fiduciary relationship between the Plan and Employer or any other person.
Notwithstanding, Employer and Employee acknowledge and agree that a Deferred
Compensation Trust for First National Bank of Northern California ("Trust") has
been established upon terms and conditions acceptable to Employer and Employee.
It is the intention of Employer to make contributions and/or transfer assets to
the Trust in order to discharge Employer's obligations pursuant to this
Agreement. The principal of the Trust and any earnings thereon shall be held
separate and apart from other funds of Employer, to be used exclusively for
discharge of Employer's obligations pursuant to this Agreement, and shall
continue to be subject to the claims of Employer's general creditors until paid
to the Employee or his or her designated Beneficiary in such manner and at such
times as specified in this Agreement. Employer and Employee intend that the
arrangements contained in this Agreement be unfunded for tax purposes and for
purposes of Title I of the Employee Retirement Income Security Act of 1974, as
amended.

      3.8 Investment of Trust Contributions. (a) The investment options
available to Employee shall be determined by Employer and set forth in a
separate written document, a copy of which shall be attached hereto and by this
reference is incorporated herein. Employee shall have the right to designate the
investment option or options applicable to his or her Account, subject to the
policies and procedures implemented by the Trustee. Employer shall not be liable
for any investment decision made by Employee while such funds are held by the
Trustee.

            (b) The Account shall be credited with the actual financial
performance or earnings generated by such investments directed by Employee and
made by the Trustee, until the Account has been fully distributed to Employee or
to Employee's designated Beneficiary.

            (c) Notwithstanding anything in this Section 3.8 to the contrary,
the Committee may determine not to take account of Employee's designated
investments and determine to have Employee's Account invested in any other
manner as the Committee shall determine.

                                       6
<PAGE>

      3.9 Designation of Beneficiary. Employee may designate a Beneficiary or
Beneficiaries to receive any amount due hereunder by written notice thereof to
Employer at any time prior to his or her death and may revoke or change the
Beneficiary designated therein without the Beneficiary's consent by written
notice delivered to Employer at any time and from time to time prior to
Employee's death. If Employee is married and a resident of a community property
state, one half of any amount due hereunder which is the result of an amount
contributed to the Plan during such marriage is the community property of
Employee's spouse and Employee may designate a Beneficiary or Beneficiaries to
receive only Employee's one-half interest. If Employee shall have failed to
designate a Beneficiary, or if no such Beneficiary shall survive him or her,
then such amount shall be paid to his or her estate. Designations of
Beneficiaries shall be in the form attached hereto as Appendix 3.

                                    SECTION 5
                                CHANGE IN CONTROL

      5.1 Change in Control. For purposes of this Plan, a "Change in Control"
means the occurrence of any of the following:

            (i) When any "person", as such term is used in Section 13(d) and
14(d) of the Securities Exchange Act of 1934, as amended ("Exchange Act") (other
than the Employer, a subsidiary thereof or an employee benefit plan of Employer,
including any trustee of such plan acting as trustee) is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of securities of Employer representing fifty percent (50%) or
more of the combined voting power of Employer's then outstanding securities,
where such person's beneficial ownership of Employer's securities was not
initiated by Employer or approved by Employer's Board of Directors; or

            (ii) The occurrence of a transaction requiring shareholder approval,
and involving the sale of all or substantially all of the assets of Employer or
the merger of Employer with or into another corporation, where such merger was
not initiated by Employer and in which Employer is not the surviving entity; or

            (iii) A change in the composition of the Board of Directors of
Employer, as a result of which fewer than a majority of the directors are
Incumbent Directors. "Incumbent Directors" shall mean directors who either (A)
are directors of Employer as of the date hereof, or (B) are elected, or
nominated for election, to the Board of Directors of Employer with the
affirmative votes of at least a majority of the Incumbent Directors at the time
of such election or nomination (but shall not include an individual whose
election or nomination is in connection with an actual or threatened proxy
contest relating to the election of directors to Employer); or

            (iv) Any liquidation or dissolution of Employer.

                                       7
<PAGE>

                                    SECTION 6
                          UNSECURED GENERAL OBLIGATION

      6.1 No Account Segregation. No special or separate fund shall be
established and no other segregation of assets shall be made to assure the
payment of any benefits hereunder. All Account balances shall be subject to the
claims of general creditors of Employer in the event Employer becomes insolvent.
The obligations of Employer to pay benefits under the Plan constitute an
unfunded, unsecured general obligation and promise to pay and Employee shall
have no greater rights than a general creditor of Employer.

                                    SECTION 7
                            AMENDMENT AND TERMINATION

      7.1 Amendment. The Committee shall have the right to amend this Agreement
and Plan at any time and from time to time, including a retroactive amendment.
if required to comply with applicable law or rules and regulations of
governmental or regulatory authorities, including, without limitation, the
United States Internal Revenue Service or Department of Labor, California State
Franchise Tax Board, Federal Deposit Insurance Corporation or the Office of the
Comptroller of the Currency. Any such amendment shall become effective upon the
date stated therein, and shall be binding on Employee, except as otherwise
provided in such amendment; provided, however, that said amendment shall not
affect adversely benefits payable to Employee without Employee's written
approval.

                                    SECTION 8
                                 ADMINISTRATION

      8.1 Administration. The Committee shall administer and interpret this Plan
in accordance with the provisions of the Plan. Any determination or decision by
the Committee shall be conclusive and binding on Employee and all other persons
who at any time have or claim to have any interest whatever under this Plan.

      8.2 Liability of Committee: Indemnification. To the maximum extent
permitted by law, the Committee shall not be liable to Employee or any other
person for any action taken or omitted in connection with the interpretation and
administration of this Plan unless attributable to his or her own bad faith or
willful misconduct. The Committee may employ legal counsel, consultants,
actuaries and agents as they may deem desirable in the administration of the
Plan and may rely on the opinion of such counsel or the computations of such
consultant engaged by the Committee prior to their finalization.

      8.3 Expenses. The costs of the establishment of the Plan and the adoption
of the Plan by Employer, including but not limited to legal and accounting fees,
and the expenses of administering the Plan shall be borne by Employer.

                                       8
<PAGE>

                                    SECTION 9
                            GENERAL AND MISCELLANEOUS

      9.1 Notices. All notices and other communications provided for in this
Plan shall be given or made by personal delivery or by certified or registered
mail, postage prepaid and return receipt requested, or by a nationally
recognized overnight courier service, to the addresses set forth below. All such
notices or communications shall be deemed to have been duly given when received
by Employer or Employee, or their respective authorized representatives at the
addresses set forth below, or such changed addresses as may be designated in
writing by either party to the other from time to time.

If to Employer:                          If to Employee:
First National Bank of Northern          ______________________________
California                               ______________________________
975 El Camino Real                       ______________________________
South San Francisco, CA 94080            ______________________________

      9.2 Rights Against Employer. Except as expressly provided by the Plan, the
establishment of this Plan shall not be construed as giving to Employee or to
any person whomsoever, any legal, equitable or other rights against Employer, or
against its officers, directors, agents or shareholders, or as giving to
Employee or Beneficiary any equity or other interest in the assets, business or
shares of Employer stock or giving Employee the right to be retained in the
employment of Employer. Neither this Plan nor any action taken hereunder shall
be construed as giving to any Employee the right to be retained in the employ of
Employer or as affecting the right of Employer to dismiss Employee. Any benefit
payable under the Plan shall not be deemed salary or other compensation for the
purpose of computing benefits under any employee benefit plan or other
arrangement of the Employer for the benefit of Employee.

      9.3 Assignment or Transfer. No right, title or interest of any kind in the
Plan shall be transferable or assignable by Employee or Beneficiary or be
subject to alienation, anticipation, encumbrance, garnishment, attachment,
execution or levy of any kind, whether voluntary or involuntary, nor subject to
the debts, contracts, liabilities, engagements, or torts of Employee or
Beneficiary. Any attempt to alienate, anticipate, encumber, sell, transfer,
assign, pledge, garnish, attach or otherwise subject to Legal or equitable
process or encumber or dispose of any interest in the Plan shall be void.

      9.4 Severability. If any provision of this Plan shall be declared illegal
or invalid for any reason, said illegality or invalidity shall not affect the
remaining provisions of this Plan but shall be fully severable, and this Plan
shall be construed and enforced as if said illegal or invalid provision had
never been inserted herein.

      9.5 Construction. The article and section headings and numbers are
included only for convenience of reference and are not to be taken as limiting
or extending the meaning of any of the terms and provisions of this Plan.
Whenever appropriate, words used in the singular shall include the plural or the
plural may be rear as the singular. When used herein, the masculine gender
includes the feminine gender.

                                       9
<PAGE>

      9.6 Governing Law. The validity and effect of this Agreement and Plan and
the rights and obligations of all persons affected hereby shall be construed and
determined in accordance with the laws of the State of California unless and to
the extent superseded by federal law.

      9.7 Payment Due to Incompetence. If the Committee receives evidence that
Employee or Beneficiary entitled to receive any payment under the Plan is
physically or mentally incompetent to receive such payment, the Committee may,
in its sole and absolute discretion, direct the payment to any other person or
legal representative legally appointed by a court of competent jurisdiction or
to any other person determined by Employer to be a proper recipient on behalf of
such person otherwise entitled to payment, or any of them, in such manner and
proportion as Employer may deem proper. Any such payment shall be in complete
discharge of Employer's obligations under this Plan.

      9.8 Taxes. Employer may withhold from any benefits payable under this
Plan, all federal, state, city or other taxes as shall be required pursuant to
any law, regulation or ruling of any governnental authority. All amounts
deferred pursuant to this Plan shall constitute "wages" for social security,
medicare and related tax purposes during the year deferred.

      9.9 Arbitration. Unless settled by the parties to this Agreement, any
controversy or claim arising out of or relating to this Plan, or the breach
hereof, or the interpretation hereof, shall be settled by arbitration in
accordance with the Rules of the American Arbitration Association; and judgment
upon the award rendered in such arbitration shall be final and may be entered in
any court having jurisdiction thereof, including such attorneys fees and costs
as may be deemed appropriate by the court. All of the provisions of Section
1283.05 of the California Code of Civil Procedure are hereby expressly made
applicable to any such arbitration. Notice of the demand for arbitration shall
be filed in writing with the other party to this Agreement and with the American
Arbitration Association. In no event shall the demand for arbitration be made
after the date when institution of legal or equitable proceedings based on such
claim, dispute or other matter in question would be barred by the applicable
statute of limitations. This agreement to arbitrate shall be specifically
enforceable under the then prevailing arbitration law.

      9.10 Binding Effect. This Plan shall be binding upon and inure to the
benefit of Employer and its successors and assigns and Employee and Employee's
Beneficiary designee, their respective heirs, personal representatives,
executors, administrators and legatees.

                                       10
<PAGE>

      IN WITNESS  WHEREOF,  the  parties  hereto  have  entered  into this
Deferred Compensation Agreement as of the ____  day of ________________, 20 ___.

 FIRST NATIONAL BANK OF NORTHERN CALIFORNIA

 By
    ------------------------------------------

 Title
      ------------------------------------------
                  (Employee)

                                       11
<PAGE>
                                   APPENDIX 1

                              DISTRIBUTION ELECTION

      Pursuant to Section 3.3 of my Deferred Compensation Agreement (the
"Plan"), I hereby elect to have all amounts credited to my Account during the
period of my participation in the Plan, together with any earnings credited
thereon, distributed to me on the terms elected below.

I elect to have any distribution of my Account paid to me:

      _____       upon reaching age: _____
      _____       upon the passage of at least five (5) years
      _____       upon termination of employment
      _____       upon the earlier to occur of  termination  of employment
                  or passage of at least five (5) years
      _____       upon the  later to occur of  termination  of  employment
                  or passage of at least five (5) years

I elect to have any distribution of my Account paid to me in:

      _____       a lump sum

      _____       sixty (60) monthly installments determined as of each
                  installment date by dividing the entire amount in my Account
                  (including earnings) by the number of installments then
                  remaining to be paid, with the final installment to be the
                  entire remaining balance in the Account. one hundred twenty
                  (120) monthly installments determined as of each installment
                  date by dividing the entire amount in my Account (including
                  earnings) by the number of installments then remaining to be
                  paid, with the final installment to be the entire remaining
                  balance in the Account.

      _____       one hundred eighty (180) monthly installments determined as of
                  each installment date by dividing the entire amount in my
                  Account (including earnings) by the number of installments
                  then remaining to be paid, with the final installment to be
                  the entire remaining balance in the Account.

       Dated:     ________________________, 20___

      Signed:     _________________________

                  _________________________
                  Type/Print Name and Title

                                       12
<PAGE>

                                   APPENDIX 2
                                DEFERRAL ELECTION

      I understand that, under Section 3.1 of my Deferred Compensation Agreement
(the "Plan"), the minimum annual deferral amount is $ ______ of base salary or
cash bonus and the maximum annual deferral amount is 80% of base salary and 100%
of cash bonus for the Plan Year in question. I elect, pursuant to section 3.1 of
the Plan, to make the following deferral(s) with respect to compensation earned
during the Plan Year beginning , 20__ and ending December 31, 20 ___:

      _________%  of base salary or cash bonus (but not to exceed eighty percent
                  (80%) of base salary or one hundred percent ~100%) of cash
                  bonus), payable to me by Employer [minimum = $_______], or

      $_________  of base salary or cash bonus payable to me by Employer (but
                  not to exceed eighty percent (80%) of base salary or one
                  hundred percent (100%) of cash bonus) [minimum
                  = $-------],

                  and

      _________%  of any cash bonus payable to me by Employer, or

      $_________  of any cash bonus payable to me by Employer, or

      all of any cash bonus payable to me by Employer except for $____________

      This election shall take effect for the Plan Year beginning ____________,
20___. It may be terminated or modified by me only with written notice. The
election shall remain in effect for each successive Plan Year until a
termination, modification or subsequent election is submitted. The deferral of
compensation hereby elected is subject to all of the terms and conditions of the
Plan, a copy of which I have been given by the Employer, and which I have read
and understand.

      Dated:     _________________________, 20___
      Signed:    ________________________________

                 ________________________________
                  Type/Print Name and Title

                                       13
<PAGE>
                                   APPENDIX 3

                             BENEFICIARY DESIGNATION

      In the event I should die prior to the receipt of all money accrued to my
credit under this election, I elect to have the balance paid to the following
named individual(s) in the following percentage(s):

      100% to my spouse       ____________________________________

      _____ %

      _____ %

      Dated:  ____________________________, 20 ___

      Signed: _____________________________________

              _____________________________________
              Type/Print Name and Title of Employee

      CONSENT OF SPOUSE (if not 10096 to spouse)

      Dated:  ____________________________, 20 ___

      Signed: _____________________________________

              _____________________________________
              Type/Print Name and Title of Employee

                                       14
<PAGE>

                            AMENDMENT NO. 1 TO
                FIRST NATIONAL BANK OF NORTHERN CALIFORNIA
                         DEFERRED COMPENSATION AGREEMENT

      This Amendment No. I to the First National Bank of Northern California
(the "Bank") Deferred Compensation Agreement dated __________________, between
the Bank and its employee, _____________, (the "Agreement"), is entered into as
of _______________, 2001.

      WHEREAS, defined terms hereinafter set forth shall, unless otherwise
specified, have the meanings given such terms in the Agreement, including the
references to Bank and ______________________________ as the "Employer" and the
"Employee", respectively;

      WHEREAS, the purpose of this Amendment No. 1 is to change certain
provisions of the distribution election set forth in the Agreement to reduce the
administrative burden associated with installment distribution payments by
establishing minimum Account balance requirements for installment distributions
as set forth hereinafter;

      WHEREAS,  the  Agreement   constitutes  a  separate  plan  in  which
participation is limited to the Employee; and

      WHEREAS, the Employee has signed a separate consent of even date herewith
to the amendment of the Agreement as set forth in this Amendment No. 1.

      NOW, THEREFORE, the Employer hereby amends the Agreement and the Employee
hereby approves the amendment of the Agreement as follows:

      1. Distribution Election. A new subsection (g) shall be added to Section
3.2 of the Agreement to read as follows:

      "(f) Notwithstanding any other provision of this Plan, any distribution
election made to receive installment payments as described in this Section 3.2
and as set forth in the form attached hereto as Appendix 1, shall be subject to
the following limitations: (i) if the Account balance at the time of
commencement of the payment of distributions is Twelve Thousand Dollars
($12,000) or less, the entire amount of such Account balance shall be
distributed only in lump sum, and (ii) if the Account balance at the time of
commencement of the payment of distributions is more than Twelve Thousand
Dollars ($12,000), the Employee can elect to receive distribution payments
monthly in an amount not less that One Thousand Dollars ($1,000) per month or
annual distribution payments in an amount not less than Twelve Thousand Dollars
($12,000), in each case until the balance in the Account has been fully
distributed and with such adjustments in the amount of each such distribution as
the Employer deems appropriate to minimize administrative expense."

      2. Appendix 1. The provisions for installment distribution payments set
forth in Appendix I are hereby amended to add the following paragraph
immediately prior to the date and signature blocks:

                                       15
<PAGE>

      "Notwithstanding the foregoing provisions for election of installment
distribution payments of the Account balance, the limitations set forth in
Section 3.2 (g) of the Plan shall control and take precedence over any such
installment election."

      IN WITNESS THEREOF, the parties hereto have executed this Amendment No. 1
to the Agreement, effective as of the date first above written.

EMPLOYER:                                EMPLOYEE:

FIRST NATIONAL BANK
OF NORTHERN CALIFORNIA

By: _________________________            ________________________________

_____________________________            ________________________________
Name and Title                           Name and Title

                                       16
<PAGE>

                      CONSENT TO AMENDMENT NO. 1 TO
                FIRST NATIONAL BANK OF NORTHERN CALIFORNIA
                         DEFERRED COMPENSATION AGREEMENT

      The undersigned participant in the First National Bank of Northern
California Deferred Compensation Agreement dated _______________________, hereby
consents to Amendment No. I thereto, a copy of which is attached hereto as
Exhibit A and incorporated herein by this reference.

 Dated: __________________________, 2001        _________________________

                                                _________________________
                                                Name and Title

                                       17EXHIBIT 10.11

--------------------------------------------------------------------------------
                   (C)1997 Bank Compensation Strategies Group

This document is provided to assist your legal counsel in documenting your
specific arrangement. It is not a form to be signed, nor is it to be construed
as legal advice. Failure to accurately document your arrangement could result in
significant losses, whether from claims of those participating in the
arrangement, from the heirs and beneficiaries of participants, or from
regulatory agencies such as the Internal Revenue Service and the Department of
Labor. License is hereby granted to your legal counsel to use these materials in
documenting solely your arrangement.

================================================================================

                   FIRST NATIONAL BANK OF NORTHERN CALIFORNIA

                          SALARY CONTINUATION AGREEMENT

         THIS AGREEMENT is made this 20th day of December, 1996 by and between
the FIRST NATIONAL BANK OF NORTHERN CALIFORNIA, a national banking association
located in South San Francisco, California (hereinafter referred to as the
"Company'), and MIKE WYMAN (hereinafter referred to as the "Executive").

                                   WITNESSETH:

         WHEREAS, the Executive is in the employ of the Company, serving as its
Chief Executive Officer, and

         WHEREAS, the experience, knowledge of the affairs of the Company, and
reputation and contacts in the industry of the Executive are so valuable that
assurance of the Executive's continued service is essential for the future
growth and profits of the Company, and it is in the best interest of the Company
to arrange terms of continued employment for the Executive so as to reasonably
assure the Executive's remaining in the Company's employment during the
Executive's lifetime or until the age of retirement; and
<PAGE>

         WHEREAS, it is the desire of the Company that the Executive's services
be retained as herein provided: and

         WHEREAS, the Executive is willing to continue in the employ of the
Company provided the Company agrees to pay to the Executive or the Executive's
beneficiaries certain benefits in accordance with the terms and conditions
hereinafter set forth.

         NOW, THEREFORE, in consideration of the services to be performed in the
future, as well as the mutual promises and covenants herein contained, it is
agreed as follows:

                                    Article 1

                                   Definitions

         1.1      Definitions. Whenever used in this Agreement, the following
words and phrases shall have the meanings specified:

                  1.1.1    "Beneficiary" means the person or persons whom the
         Executive shall designate in a valid Beneficiary Designation to receive
         the benefits provided hereunder.

                           A Beneficiary Designation shall be valid only if: (1)
         it is in the form attached hereto and made a part hereof; and (2) it is
         received by the named Fiduciary and Plan Administrator prior to the
         Executive's death.

                  1.1.2    "Change of Control" means: (a) any merger or
         consolidation of the Company in which the Company is not the surviving
         corporation; or (b) any sale, lease. exchange, mortgage, pledge,
         transfer or other disposition (in one transaction or a series of
         transactions) of any assets of the Company having an aggregate fair
         market value of 50% or more of the total value of the assets of the
         Company and its consolidated subsidiaries reflected in the most recent

                                        2
<PAGE>

         balance sheet of the Company; or (c) any person (as such term is used
         in Sections 13(d) and 14(d)(2) of the Securities Exchange Act of 1934)
         becomes a beneficial owner, directly or indirectly, of securities of
         the Company representing 25% or more of the combined voting power of
         the Company's then outstanding securities.

                  1.1.3    "Code" means the Internal Revenue Code of 1986, as
         amended.

                  1.1.4    "Disability" means that the Executive is permanently
         disabled, due to an illness or injury, so that the Executive is unable
         to perform to a material degree his or her, current or later
         designated, duties as an Executive Officer of the Company. Such
         disability shall be determined by an independent physician in the event
         of physical disability or by an independent psychiatrist in the event
         of mental disability selected with the approval of the Company and the
         Executive; if they cannot agree on the selection, each shall submit a
         list of three physicians or psychiatrist as applicable, each shall
         strike two from the other's list, and the final choice shall be
         selected by lot (coin flip).

                  1.1.5    "Involuntary Termination " means the Executive,
         during active service and prior to attaining Normal Retirement Age, has
         been notified by the Company, in writing, that he or she is being
         terminated as an employee of the Company for reasons other than an
         approved leave of absence, Termination for Cause, Voluntary Termination
         or Disability.

                  1.1.6    "Named Fiduciary and Plan Administrator" means the
         Company.

                  1.1.7    "Normal Retirement Age" means the Executive's 66th
         birthday.

                  1.1.8    "Normal Retirement Date" means the later of the
         Executive's Normal Retirement Age or the date of Termination of
         Employment.

                                        3
<PAGE>

                  1.1.9    "Plan Year" means the Company's fiscal year.

                  1.1.10   "Surviving Spouse" means the person (if any) who is
         legally married to the Executive on the date of the Executive's death.

                  1.1.11   "Termination for Cause" means the Company's
         termination of the Executive's employment for reasons related to any of
         the following: (a) the Executive's willful breach of duty in the course
         of employment, unless waived by the Company: (b) dishonest or illegal
         conduct of the Executive; or (c) the habitual neglect by the Executive
         of the Executive's employment duties, unless waived by the Company.

                  1.1.12   "Termination of Employment" means the Executive's
         ceasing to be employed by the Company for any reason whatsoever except
         for reason of an approved leave of absence.

                  1.1.13   "Voluntary Termination" means the Executive, during
         active service and prior to attaining Normal Retirement Age, notifies
         the Company, in writing, that he or she is terminating his or her
         employment for any reason except: (a) an approved leave of absence: (b)
         Disability; (c) Termination for Cause; or (d) Involuntary Termination.
         If the Company does not receive written notice from the Executive, the
         Company in its sole and absolute discretion may make the determination
         of whether the termination was voluntary or involuntary.

                  1.1.14   "Years of Service" means the total number of Plan
         Years during which the Executive is employed on a full-time basis by
         the Company, inclusive of any approved leaves of absence. Employed on a
         full-time basis means that the Executive is considered by the Company
         to be employed to work at minimum 40 hours a week which is determined
         on the first and last days of the Plan Year.

                                        4
<PAGE>

                                    Article 2

                                Lifetime Benefits

         2.1      Normal Retirement Benefit. Upon a 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.

                  2.1.1    Amount of Benefit. The annual benefit under this
         Section 2.1 is $100,000. The Company in its sole and absolute
         discretion may increase the benefit under this Section 2.I, however,
         the annual increase shall not exceed the federally determined cost of
         living index (U.S. Department of Labor Consumer Price Index) which is
         announced in the calendar year immediately preceding the year in which
         the change is to be made. Any increase in the annual benefit shall
         require the recalculation of the Vested Accrued Liability in Schedule A
         attached hereto. The annual benefit amount is calculated using the
         interest method of accounting, a 7.5% discount rate, annual compounding
         and annual payments .

                  2.1.2    Payment of Benefit. The Company shall pay the annual
         benefit to the Executive in 12 equal monthly installments payable on
         the first day of each month commencing on the month following the
         Normal Retirement Date and continuing to be paid on the first day of
         the month for the next 239 months.

                  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. in its sole
         and absolute discretion, may increase the benefit.

                                        5
<PAGE>

         2.2      Early Termination Benefit. Upon a Termination of Employment
before the Normal Retirement Age, and for reasons other than Voluntary
Termination, Termination for Cause, death, Disability or Change of Control, the
Company shall pay to the Executive the benefit described in this Section 2.2.
Voluntary Termination and Termination for Cause shall result in the Executive
receiving no benefits under this Agreement (see Sections 5.2 and 5.3).

                  2.2.1    Amount of Benefit. If the Executive has completed at
         least one year of Service, the benefit under this Section 2.2 is the
         Vested Accrued Liability amount set forth in Schedule A determined in
         the plan year immediately preceding the Plan Year in which the
         Termination of Employment occurred. Schedule A shall be adjusted to
         reflect any benefit level increases determined by the Board of
         Directors under Section 2.1.1 prior to the Executive's Termination of
         Employment.

                  2.2.2    Payment of Benefit. The Company shall pay a monthly
         benefit to the Executive in 240 equal monthly installments payable on
         the first day of each month commencing on the month following the
         Normal Retirement Date. The benefit amount is calculated using the
         interest method of accounting, a 7.5% discount rate, monthly
         compounding and monthly payments.

                  2.2.3    Benefit Increases. Benefit payments shall be
         increased as provided in Section 2.1.3.

         2.3      Disability Benefit. If the Executive terminates employment for
Disability prior to the Normal Retirement Age, the Company shall pay to the
Executive the benefit described in this Section 2.3.

                                        6
<PAGE>

                  2.3.1    Amount of Benefit. The lump sum benefit under this
         Section 2.3 is 100% of the Vested Accrued Liability amount set forth in
         Schedule A for the Plan Year immediately preceding the Plan Year in
         which the Executive's Termination of Employment occurred. Schedule A
         shall be adjusted to reflect any benefit level increases determined by
         the Board of Directors under Section 2.1.1 prior to the Executive's
         Termination of Employment.

                  2.3.2    Payment of Benefit. The Company shall pay the annual
         benefit to the Executive in 12 equal monthly installments payable on
         the first day of each month commencing on the month following the
         Executive's Termination of Employment and continuing for 239 additional
         months. The annual benefit amount is calculated using the interest
         method of accounting, a 7.5% discount rate, annual compounding and
         annual payments.

                  2.3.3    Benefit Increases. Benefit payments shall be
         increased as provided in Section 2.1.3.

         2.4      Change of Control Benefit. Upon a Termination of Employment
within 12 months of 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 2.3 is the Normal Retirement Benefit that would have been paid
         under Section 2.1 calculated as if the date of Termination of
         Employment were the Normal Retirement Date.

                  2.4.2    Payment of Benefit. The Company shall pay the annual
         benefit to the Executive in 12 equal monthly installments payable on
         the first day of each month commencing on the month following the
         Termination of Employment and continuing to be paid on the first day of
         the month for the next 239 months.

                                        7
<PAGE>

                  2.4.3    Benefit increases. Benefit payments shall be
         increased as provided in Section 2.1.3.

                                    Article 3

                                 Death Benefits

         3.1      Death During Active Service. If the Executive dies while in
the active service of the Company. the Company shall pay to the Executive's
beneficiary the benefit described in this Section 3.1. If payable, the death
benefit under this Section 3.1 shall be in lieu of any benefits under Article 2.

                  3.1.1    Amount of Benefit. The annual benefit under Section
         3.1 is the lifetime benefit amount that would have been paid to the
         Executive under Section 2.1 calculated as if the date of the
         Executive's death were the Normal Retirement Date.

                  3.1.2    Payment of Benefit. The Company shall pay the annual
         benefit to the Beneficiary in 12 equal monthly installments payable on
         the first day of each month commencing on the month following the
         Executive's death and continuing for 239 additional months.

         3.2      Death During Benefit Period. If the Executive dies after
benefit payments have commenced under this Agreement but before receiving all
such payments, the Company shall pay the remaining benefits to the Beneficiary
at the same time and in the same amounts they would have been paid to the
Executive had the Executive survived.

                                        8
<PAGE>

                                    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
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 Surviving
Spouse, if any, and if none, to the Executive's surviving children and the
descendants of any deceased child by right of representation, and if no children
or descendants survive, 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

         Notwithstanding any other provision of this Agreement to the contrary,
the Company's obligation to pay any benefit under this Agreement shall be
limited by the following:

                                        9
<PAGE>

         5.1      Excess Parachute Payment. Benefits shall not be payable under
this Agreement to the extent the benefit would be an excess parachute payment
under Section 280G of the Code.

         5.2      Termination for Cause. No benefits shall be payable under this
Agreement, upon the Executive's Termination for Cause.

         5.3      Suicide. No benefits shall be payable under this Agreement, if
the Executive commits suicide within two years after the date of this Agreement.

         5.4      Misstatement. No benefits shall be payable under this
Agreement, if the Executive has made any material misstatement of fact on any
application for life insurance purchased by the Company which results in the
Company being denied its death benefit.

                                    Article 6

                          Claims and Review Procedures

         6.1      Claims Procedure. The Company shall notify the Executive or
the Beneficiary in writing, within ninety (90) days of his or her written
application for benefits, of his or her eligibility or ineligibility for
benefits under the Agreement. If the Company determines that the Executive or
the Beneficiary is not eligible for benefits or full benefits, the notice shall
set forth (1) the specific reasons for such denial, (2) a specific reference to
the provisions of the Agreement on which the denial is based, (3) 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 (4) an explanation
of the Agreement's claims review procedure and other appropriate information as
to the steps to be taken if the Executive or the Beneficiary 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
Executive or the Beneficiary 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.

                                       10
<PAGE>

         6.2      Review Procedure. If the Executive or the Beneficiary is
determined by the Company not to be eligible for benefits, or if the Executive
or the Beneficiary believes that he or she is entitled to greater or different
benefits, the Executive or the Beneficiary 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 Executive or
the Beneficiary 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 Executive or the Beneficiary (and
counsel, if any) an opportunity to present his or her position to the Company
orally or in writing, and the Executive or the Beneficiary (or counsel) shall
have the right to review the pertinent documents. The Company shall notify the
Executive or the Beneficiary 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 Executive or the Beneficiary 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 Executive or the Beneficiary.

                                    Article 7

                           Amendments and Termination

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

         7.2      Exception. Notwithstanding Section 7.1, the Company may amend
or terminate this Agreement at any time provided that, pursuant to legislative,
judicial or regulatory action, continuation of this Agreement would:

                                       11
<PAGE>

                  7.2.1    Cause benefits to be taxable to the Executive prior
         to actual receipt; or

                  7.2.2    Result in significant financial penalties or other
         material detrimental financial impact on the Company (other than the
         financial impact of paying the benefits)

                                    Article 8

                                  Miscellaneous

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

         8.2      No Guaranty 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, not 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 corporation, or reorganize, or sell substantially all of
its assets to another corporation, entity or person, unless and until such
succeeding or continuing corporation, entity 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 such successor or survivor corporation, entity or person.

                                       12
<PAGE>

         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:

                  8.9.1    Interpreting the provisions of the Agreement;

                  8.9.2    Establishing and revising the method of accounting
         for the Agreement;

                  8.9.3    Maintaining a record of benefit payments; and

                                       13
<PAGE>

                  8.9.4    Establishing rules and prescribing any forms
         necessary or desirable to administer the Agreement.

         IN WITNESS WHEREOF, the Executive and a duly authorized Company officer
have signed this Agreement.

EXECUTIVE:                            COMPANY:

                                      FIRST NATIONAL BANK OF
                                      NORTHERN CALIFORNIA

/s/ MICHAEL R. WYMAN                  By:    /s/ THOMAS MCGRAW
-----------------------------------          -----------------------------------
Michael R. Wyman                             Thomas McGraw

                                      Title: Secretary of the Board of Directors
                                             -----------------------------------

                                       14
<PAGE>

                                   SCHEDULE A
                                   ----------

                                   Mike Wyman
                            Salary Continuation Plan

                                                    Vested
                 Plan Year                    Accrued Liability
                 ---------                    -----------------

                     1                             $ 67,764
                     2                             $141,518
                     3                             $221,792
                     4                             $309,161
                     5                             $404,252
                     6                             $507,748

                                       15
<PAGE>

                             Beneficiary Designation

         I designate the following as beneficiary of the benefits under the
Salary Continuation Agreement following my death:

Primary: XXXXXXXXXXXXXXXXXXXXXXX

Contingent: XXXXXXXXXXXXXXXXXXXX

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

I understand that I may change these beneficiary designations by filing a new
written designation with the Company. I further understand that the designations
will be automatically revoked if the beneficiary predeceases me, or, if I have
named my spouse as beneficiary, in the event of the dissolution of our marriage.

Signature: /s/ MICHAEL R. WYMAN
           ------------------------------
           Michael R. Wyman

Date: 2/4/97
      -----------------------------------

1/23/97

                                       16

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00032-of-00352.parquet"}]]