Document:

Exibit 4.12

    

      FIRST
        AMENDMENT TO THE

       

      CAPITAL
        CORP OF THE WEST

       

      EMPLOYEE
        STOCK OWNERSHIP PLAN

       

      This
        Amendment (Amendment) to the Capital Corp of the West Employee Stock Ownership
        Plan is adopted by Capital Corp of the West (Bancorp), to be effective on
        and as
        of the date(s) set forth below.

       

      RECITALS

       

      
        	
                A.

              	
                Capital
                  Corp of the West Employee Stock Ownership Plan (ESOP or Plan) was
                  established effective December 31,
                  1981.

              

      

       

      
        	
                B.

              	
                The
                  Employer and Trustees amended and restated the Plan document to
                  adopt the
                  technical changes necessary for the Plan to conform with changes
                  in the
                  law added by the General Agreement on Tariffs and Trade (GATT),
                  Uniformed
                  Services Employment and Reemployment Rights Act of 1994 (USERRA),
                  Small
                  Business Job Protection Act of 1996 (SBJPA), Tax Reform Act of
                  1997 (TRA
                  ?97), IRS Restructuring and Reform Act of 1998 (IRRA ?98), Community
                  Renewal Tax Relief Act of 2000 (CRA), and applicable Treasury Regulations
                  issued thereunder.

              

      

       

      
        	
                C.

              	
                The
                  Employer now wishes to amend the Plan to reflect amendments required
                  by
                  the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA)
                  by
                  adding the model amendment language suggested by the IRS in IRS
                  Notice
                  2001-57, dealing with certain plan limits and other general
                  matters.

              

      

       

      OPERATIVE
        PROVISIONS:

       

      The
        ESOP
        is hereby amended as follows:

       

      The
        following amendments to the Plan are adopted to reflect certain provisions
        of
        the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). This
        model amendment language (as published in IRS Notice 2001-57) effective as
        of
        January 1, 2002:

       

      Adoption
        and effective date of amendment.
        The
        following amendments are intended as good faith compliance with the requirements
        of EGTRR.A and is to be construed in accordance with EGTRRA and guidance
        issued
        thereunder. Except as otherwise provided, this amendment shall be effective
        as
        of the first day of the first plan year beginning after December 31,
        2001.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Supersession
        of inconsistent provisions.
        The
        following amendments shall supersede the provisions of the plan to the extent
        those provisions are inconsistent with the provisions of this
        amendment.

       

      
        	
                3.

              	
                Plan
                  section 5.4, dealing with the Limitations On Allocations, is amended,
                  effective for limitation years beginning after December 31, 2001,
                  to
                  reflect a change in the maximum annual addition as
                  follows:

              

      

       

      Maximum
        annual addition. Except to the extent otherwise permitted for catch-up
        contributions under EGTRR.A section 631 and section 414(v) qf the Code, f
        applicable, the annual addition that may be contributed or allocated to a
        participant ?s account under the plan for any limitation year shall not exceed
        the lesser of

       

      
        	 	
                (a)

              	
                $40,000,
                  as adjusted for increases in the cost-of-living under section 415(d)
                  of
                  the Code, or

              

      

       

      
        	 	
                (b)

              	
                100
                  percent of the participant?s compensation, within the meaning of
                  section 415(c)(3) of the Code, for the limitation
                  year.

              

      

       

      The
        compensation limit referred to in (b), above, shall not apply to any
        contribution for medical benefits after separation from service (within the
        meaning of section 401(h) or section 419A(f)(2) of the Code) which is otherwise
        treated as an annual addition.

       

      
        	
                4.

              	
                Plan
                  Section 2.8, dealing with the Compensation, is amended to reflect
                  a change
                  in the maximum annual considered compensation by adding the following
                  new
                  paragraphs to the end of section 2.8, to read as
                  follows:

              

      

       

      The
        annual compensation of each participant taken into account in determining
        allocations for any plan year beginning after December 31, 2001, shall not
        exceed $200,000, as adjusted for cost-of-living increases in accordance with
        section 401 (a)(17)(B) of the Code. Annual compensation means compensation
        during the plan year or such other consecutive 12- month period over which
        compensation is otherwise determined under the plan (the determination
        period).

       

      The
        cost-of-living adjustment in effect for a calendar year applies to annual
        compensation for the determination period that begins with or within such
        calendar year.

       

      
        	
                5.

              	
                A
                  new Article of the Plan entitled ?Overriding Provisions? is added
                  to the
                  Plan and a new section dealing with the top-heavy rules are amended
                  to
                  reflect a change in the maximum annual considered compensation
                  as
                  follows:

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      ARTICLE
        15

       

      OVERRIDING
        PROVISIONS

       

      15.1 Modification
        Of Top-Heavy Rules.

       

      A. Effective
        Date.

       

      This
        section shall apply for purposes of determining whether the plan is a top-heavy
        plan under section 416(g) of the Code for plan years beginning after December
        31, 2001, and whether the plan satisfies the minimum benefits requirements
        of
        section 416(c) of the Code for such years. This section modfies and amends,
        to
        the extent necessary and to the extent the sections conflict with this
        amendment, section(s) 2.1A, 4.3, z::! 6.8 of the Plan.

       

      B. Determination
        Of Top-Heauw Status.

       

      1. Key
        Employee.

       

      Key
        employee means any employee or former employee (including any deceased employee)
        who at any time during the plan year that includes the determination date
        was an
        officer of the employer having annual compensation greater than $130,000
        (as
        adjusted under section 416(i)(1) of the Code for plan years beginning after
        December 31, 2002), a 5-percent owner of the employer, or a 1-percent owner
        of
        the employer having annual compensation of more than $150,000. For this purpose,
        annual compensation means compensation within the meaning of section 415(c)(3)
        of the Code. The determination of who is a key employee will be made in
        accordance with section 416(i)(1) of the Code and the applicable regulations
        and
        other guidance of general applicability issued thereunder.

       

      2. Determination
        Of Present Values And Amounts.

       

      This
        subparagraph shall apply for purposes of determining the present values of
        accrued benefits and the amounts of account balances of employees as of the
        determination date.

       

      
        	 	
                (a)

              	
                Distributions
                  during year ending on the determination date. The present values
                  of
                  accrued benefits and the amounts of account balances of an employee
                  as of
                  the determination date shall be increased by the distributions
                  made with
                  respect to the employee under the plan and any
                  plan

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      aggregated
        with the plan under section 416(g)(2) of the Code during the 1-year period
        ending on the determination date. The preceding sentence shall also apply
        to
        distributions under a terminated plan which, had it not been terminated,
        would
        have been aggregated with the plan under section 416(g)(2)(A)(i) of the Code.
        In
        the case of a distribution made for a reason other than separation from service,
        death, or disability, this provision shall be applied by substituting ?5-year
        period? for ?1- year period.?

       

      
        	 	
                (b)

              	
                Employees
                  not performing services during year ending on the determination
                  date.

              

      

       

      The
        accrued benefits and accounts of any individual who has not performed services
        for the employer during the 1-year period ending on the determination date
        shall
        not be taken into account.

       

      C. Minimum
        benefits.

       

      1. Matching
        Contributions.

       

      Employer
        matching contributions shall be taken into account for purposes of satisfying
        the minimum contribution requirements of section 416(c)(2) of the Code and
        the
        plan. The preceding sentence shall apply with respect to matching contributions
        under the plan or, f the plan provides that the minimum contribution requirement
        shall be met in another plan, such other plan. Employer matching contributions
        that are used to satisfy the minimum contribution requirements shall be treated
        as matching contributions for purposes of the actual contribution percentage
        test and other requirements of section 401(m) of the Code.

       

      2. Contributions
        Under Other Plans.

       

      The
        minimum benefit requirement of an Employer contribution consisting of three
        percent (3%) of compensation shall be met by contributions to the Bancorp
        Financial Corporation 401(k) Plan. All non-key employees shall be eligible
        for
        the minimum contribution.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	
                6.

              	
                Plan
                  section 7.7, dealing with Direct Rollovers is amended by the addition
                  of
                  the following provisions to the existing plan
                  section:

              

      

       

      1. Effective
        Date.

       

      This
        section shall apply to distributions made after December 31, 2001.

       

      2. Modification
        Of Definition Of Eligible Retirement Plan.

       

      For
        purposes of the direct rollover provisions in section 7.7 of the plan, an
        eligible retirement plan shall also mean an annuity contract described in
        section 403(b) of the Code and an eligible plan :::der section 457(b) of
        the
        Code which is maintained L: i state, political subdivision of a state, or
        any
        agency or instrumentality of a state or political subdivision of a state
        and
        which agrees to separately account for amounts transferred into such plan
        from
        this plan. The definition of eligible retirement plan shall also apply in
        the
        case of a distribution to a surviving spouse, or to a spouse or former spouse
        zoho is the alternate payee under a qualfied domestic relation order, as
        defined
        in section 414(p) of the Code.

       

      
        	 	
                3.

              	
                Modification
                  Of Definition Of Eligible Rollover Distribution To Exclude Hardship
                  Distributions.

              

      

       

      For
        purposes of the direct rollover provisions in section 7.7 of the plan, any
        amount that is distributed on account of hardship shall not be an eligible
        rollover distribution and the distributee may not elect to have any portion
        of
        such a distribution paid directly to an eligible retirement plan.

       

      
        	 	
                4.

              	
                Modification
                  Of Definition Of Eligible Rollover Distribution To Include After-Tax
                  Employee Contributions.

              

      

       

      For
        purposes of the direct rollover provisions in section 7.7 of the plan, a
        portion
        of a distribution shall not fail to be an eligible rollover distribution
        merely
        because the portion consists of after- tax employee contributions which are
        not
        includible in gross income. However, such portion may be transferred only
        to an
        individual retirement account or annuity described in section 408(a) or (b)
        of
        the Code, or to a qualified defined contribution plan described in section
        401(a) or 403(a) of the Code that agrees to separately account for amounts
        so
        transferred, including separately accounting for the portion of such
        distribution which is

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      includible
        in gross income and the portion of such distribution which is not so
        includible.

       

      
        	
                7.

              	
                The
                  language of this Amendment shall supersede the provisions of the
                  plan to
                  the extent those provisions are inconsistent with the provisions
                  of this
                  amendment Except as amended above, the remaining provisions of
                  the Plan
                  shall remain in full force and
                  effect.

              

      

       

      IN
        WITNESS WHEREOF, Capital Corp of the West has caused this Amendment to be
        effective on the dates above indicated.

       

      Dated
        this 27 day of November 2001

       

      CAPITAL
        CORP OF THE WEST

       

      By:/s/Thomas
        T. Hawker

      Thomas
        T.
        Hawker

       

      Its:
        PresidentExibit 4.13

    

      SECOND
        AMENDMENT TO THE

       

      CAPITAL
        CORP OF THE WEST

       

      EMPLOYEE
        STOCK OWNERSHIP PLAN

       

      This
        Amendment (Amendment) to the Capital Corp of the West Employee Stock Ownership
        Plan is adopted by Capital Corp of the West (Bancorp), to be effective on
        the
        date(s) set forth below.

       

      RECITALS

       

      
        	
                A

              	
                Capital
                  Corp of the West Employee Stock Ownership Plan (ESOP or Plan) was
                  established effective December 31,
                  1981.

              

      

       

      
        	
                B.

              	
                The
                  Employer and Trustees amended and restated the Plan document to
                  adopt the
                  technical changes necessary for the Plan to conform with changes
                  in the
                  law added by the General Agreement on Tariffs and Trade (GATT),
                  Uniformed
                  Services Employment and Reemployment Rights Act of 1994 (USERRA),
                  Small
                  Business Job Protection Act of 1996 (SBJPA), Tax Reform Act of
                  1997 (TRA
                  ‘97), IRS Restructuring and Reform Act of 1998 (IRRA ‘98), Community
                  Renewal Tax Relief Act of 2000 (CRA), and applicable Treasury Regulations
                  issued thereunder.

              

      

       

      
        	
                C.

              	
                The
                  Employer amended the Plan to reflect amendments required by the
                  Economic
                  Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) by adding
                  the
                  model amendment language suggested by the IRS in IRS Notice 2001-57,
                  dealing with certain plan limits and other general
                  matters.

              

      

       

      D. The
        Employer now wishes to amend the Plan to reflect the acquisition of Regency
        Investment Advisors, Inc. (RIA), effective as of the legal Merger Date of
        the
        transaction (Merger Date), as set forth in the Stock Purchase Agreement By
        and
        Among Capital Corp of the West, California Bank & Trust and Regency
        Investment Advisors, Inc. dated April 26, 2002; and to:

       

      
        	·  	
                Change
                  the eligibility requirements in the Plan to allow entry into the
                  Plan by
                  RIA employees as of the Merger
                  Date;

              

      

       

      
        	·  	
                Recognize
                  and credit past service with RIA for purposes of eligibility, vesting,
                  and
                  benefit accrual.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      OPERATIVE
        PROVISIONS:

       

      The
        ESOP
        is hereby amended effective as of the Merger Date, as follows:

       

      1. Plan
        section 2.21 is amended in its entirety to read as follows:

       

      2.21 Member
        Company.

       

      “Member
        Company” shall mean Capital Corp of the West, Regency Investment Advisors, Inc.
        (as of the Merger Date) and any Affiliated Company which as of the effective
        date of this restated document are hereby designated by the Board of Directors
        in this Article as participating in this Plan.

       

      2. Plan
        section 2.42 is amended in its entirety to read as follows:

       

      2.42 Year
        Of Service For Accrual Of Benefits.

       

      A
“Year
        Of Service For Accrual Of Benefits” means a Plan Year during which the Employee
        had not less than one thousand (1,000) Hours Of Service as a Participant.
        If the
        Participant entered the Plan other than on the first (1st) day of the Plan
        Year,
        all Hours Of Service rendered by the Participant during that Plan Year for
        a
        Member Company, or for RIA, prior to the Merger Date whether or not rendered
        as
        a Participant, shall be treated as if they were Hours Of Service as a
        Participant.

       

      3. Plan
        section 2.43 is amended in its entirety to read as follows:

       

      2.43 Year
        of Service for Particination.

       

      A
“Year
        Of Service For Participation” means the twelve (12) consecutive month period
        commencing with the date the Employee first performs an Hour Of Service for
        the
        Company or a Member Company and each anniversary date thereof in which
        the

       

      Employee
        was credited with not less than one thousand (1,000) Hours Of Service during
        such twelve (12) consecutive month period. If the Employee does not have
        one
        thousand (1,000) Hours Of Service for such twelve (12) consecutive month
        period,
        a Year of Service for Participation shall be the earliest twelve (12)
        consecutive month period coinciding with the Plan Year (which

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      begins
        during the Employee’s initial twelve (12) consecutive months of employment) in
        which the Employee is credited with one thousand (1,000) Hours Of
        Service.

       

      A
“Year
        of Service For Participation” shall include Hours Of Service performed by an
        Employee while an Employee was employed by Regency In vestment Advisors,
        Inc.
        prior to the Merger Date pursuant to the Stock Purchase Agreement by and
        Among
        Capital Corp of the West, California Bank & Trust and Regency In vestment
        Advisors, Inc. dated April 26, 2002 (Merger Date).

       

      A
        Year of
        Service for Participation will be used for both measuring eligibility service
        and for measuring a One Year Break in Service in accordance with DOL Regs.
        section 2530.200b-4 (a) (2).

       

      4. Plan
        section 2.44 is amended in its entirety to read as follows:

       

      2.44 Year
        of Service for Vesting.

       

      A
“Year
        of Service for Vesting” shall mean a Plan Year during which the Employee had not
        less than qne thousand (1,000) Hours of Service after attaining age eighteen
        (18).

       

      A
“Year
        of Service For Vesting” shall include Hours Of Service performed by an Employee
        while an Employee was employed by Regency Investment Advisors, Inc. prior
        to the
        Merger Date pursuant to the Stock Purchase Agreement by and Among Capital
        Corp
        of the West, California Bank & Trust and Regency In vestment Advisors, Inc.
        dated April 26, 2002 (Merger Date).

       

      5. Plan
        section 3.1 is amended in its entirety to read as follows:

       

      3.1 Initial
        Entry.

       

      Every
        Employee who has attained the age of twenty-one (21) and completed one (1)
        Year
        of Service for Participation shall participate in the Plan on the Plan Entry
        Date (if employed on that date) immediately following the later of the date
        on
        which he completes One year of service for participation or attains the age
        of
        twenty-one (21). “Plan Entry Date” shall mean the Effective Date of the Plan and
        each subsequent January 1 or July 1 thereafter.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      In
        the
        case of those Employees who became Employees of the Employer pursuant to
        the
        acquisition of Regency Investment Advisors, Inc., those Employees shall
        participate in the Plan as of the legal Merger Date of Capital Corp of the
        West,
        California Bank & Trust and Regency Investment Advisors, Inc.

       

      All
        Participants shall be required to furnish such in formation to the
        Administrative Committee as it may reasonably request for the proper
        administration of the Plan.

       

      6. In
        all
        other respects, the Plan shall remain in full force and effect.

       

      IN
        WITNESS WHEREOF, Capital Corp of the West has caused this Amendment to be
        effective on the dates above indicated.

       

      Dated
        this 25th day of June 2002.

       

      CAPITAL
        CORP OF THE WEST

       

      By:
        /s/ Thomas
        T. Hawker

          Thomas
        T.
        Hawker

       

      Its:
        President

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