Document:

Exhibit 10.33

                           TEMECULA VALLEY BANK, N.A.
                          SALARY CONTINUATION AGREEMENT

       THIS AGREEMENT is adopted this 1st day of June, 2005, by and between the
TEMECULA VALLEY BANK, N.A., a national banking association located in Temecula,
California (the "Company") and ROBERT R. FLORES (the "Executive").

                                  INTRODUCTION

      WHEREAS, the Executive is in the employ of the Company, 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

      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

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

       1.1     "Change of Control" shall be defined as follows:

                a. The acquisition of more than fifty percent (50%) of the value
or voting power of the Bank's stock by a person or group;

                b. The acquisition in a period of twelve months or less of at
least thirty-five percent (35%) of the Bank's stock by a person or group;

<PAGE>

                c. The replacement of a majority of the Bank's board in a period
of twelve months or less by Directors who were not endorsed by a majority of the
current board members; or

                d. The acquisition in a period of twelve months or less of forty
percent (40%) or more of the Bank's assets by an unrelated entity.

For the purposes of this Agreement, transfers made on account of deaths or
gifts, transfers between family members or transfers to a qualified retirement
plan maintained by the Bank shall not be considered in determining whether there
has been a Change in Control.

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

       1.3      An Executive shall be considered "Disabled"  if:

                  (A) He is unable to engage in any substantial gainful activity
         by reason of any medically determinable physical or mental impairment
         which can be expected to result in death or can be expected to last for
         a continuous period of not less than twelve (12) months, or

                   (B) He is, by reason of any medically determinable physical
         or mental impairment which can be expected to result in death or can be
         expected to last for a continuous period of not less than twelve (12)
         months, receiving income replacement benefits for a period of not less
         than three (3) months under an accident or health plan covering
         employees of Executive's employer.

       1.4 "Early Termination" means the Termination of Employment before Normal
Retirement Age for reasons other than death, Disability, Termination for Cause
or following a Change of Control.

       1.5 "Early Termination Date" means the month, day and year in which Early
Termination occurs.

       1.6    "Effective Date" means June 1, 2005.

       1.7    "Normal Retirement Age" means the Executive's sixty-fifth (65th)
birthday.

       1.8 "Normal Retirement Date" means the later of the Normal Retirement Age
or Termination of Employment.

       1.9 "Plan Year" means a twelve-month period commencing on June 1 and
ending on May 31 of each year. The initial Plan Year shall commence on the
effective date of this Agreement.

       1.10   "Termination for Cause" See Section 5.1.

     1.11 "Termination of Employment" means that the Executive ceases to be
employed by the Company for any reason whatsoever other than by reason of a
leave of absence, which is approved by the Company. For purposes of this
Agreement, if there is a dispute over the employment status of the Executive or
the date of the Executive's Termination of Employment, the Company shall have
the sole and absolute right to determine the termination date.

                                       1
<PAGE>

       1.12 "Discount Rate" means the rate used by the Plan Administrator for
determining the Accrual Balance. The initial Discount Rate is six and one half
percent (6.5%). However, the Plan Administrator, in its sole discretion, may
adjust the Discount Rate to maintain the rate within reasonable standards
according to GAAP.

                                    Article 2
                                Lifetime Benefits

     2.1 Normal Retirement Benefit and Key Person Restriction. Upon Termination
of Employment on or after the Normal Retirement Age for reasons other than
death, the Company shall pay to the Executive the benefit described in this
Section 2.1 in lieu of any other benefit under this Agreement.

It is the intent of the parties to comply with all applicable Internal Revenue
Code Sections, including, but not limited to, IRC 409A. Thus, pursuant to IRC
409A, if the Executive is a Key Employee, as defined by the Internal Revenue
Service, and said Company is publicly traded at the time of separation from
service, any such benefit payment described hereinafter shall be withheld for
six (6) months following such separation from service. The duration of said
benefits shall remain unchanged, but as a result of the delay in the payment
start date, the final payment date shall be extended six (6) months in order to
result in all payments being made.

          2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is
One Hundred Thousand Dollars ($100,000). The Board of Directors may in its sole
and absolute discretion unilaterally increase the annual benefit amount at the
end of each Plan Year from the date of this Agreement to the Executive's Normal
Retirement Date. If the Board of Directors increase this annual benefit, then
the Schedule A attached hereto shall also be recalculated to increase the
benefits under Article 2 of this Agreement.

          2.1.2 Payment of Benefit. The Company shall pay the annual benefit to
the Executive in twelve (12) equal monthly installments payable on the first day
of each month commencing with the month following the Executive's Normal
Retirement Age. The Company shall pay this annual benefit to the Executive for
fifteen (15) years.

          2.1.3 Lump Sum Option. At any time after installment payments have
commenced under Section 2.1 of this Agreement, Executive may petition the Board
or the Plan Administrator to receive the unpaid balance of the Normal Retirement
Benefit, in lieu of installment payments, in a present value lump sum. Such
petition shall be submitted to the Board, or the Plan Administrator, in writing
not less than thirteen (13) months prior to the date on which the Executive
wishes to receive the lump sum distribution.

     2.1.4 Payment of Lump Sum. Subject to approval by the Board or the Plan
Administrator, the Company shall pay the lump sum to the Executive within thirty
(30) days after the designated payment date requested by the Executive, less any
applicable taxes or withholding required by state or federal law, and less a 7%
penalty imposed by the Company for the right to receive the Normal Retirement
Benefit in a lump sum.

                                       2
<PAGE>

     2.1.5 Calculation of Lump Sum Payment. Calculation of any lump sum payable
under this Section 2.1.3 shall be the present value of the Normal Retirement
Benefit based upon fifteen (15) years of monthly installment payments, which are
to be calculated commencing with the date of the first payment received by the
Executive under Section 2.1 of this Agreement, less any monthly payments already
received by the Executive under Section 2.1 of this Agreement;

           2.1.6 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 discretion, may increase the
      benefit.

     2.2 Early Termination Benefit. Upon Early Termination, the Company shall
pay to the Executive the benefit described in this Section 2.2 in lieu of any
other benefit under this Agreement.

     2.2.1 Amount of Benefit. The benefit under this Section 2.2 is the Early
Termination amount set forth in Schedule A for the Plan Year ending immediately
prior to the Early Termination Date, except, however, the Executive shall not be
entitled to any benefit if he voluntarily terminates his employment prior to the
end of the fifth Plan Year. Any increase in the annual benefit under Section 2.1
shall require the recalculation of this benefit as set forth in Schedule A.

     2.2.2 Payment of Benefit. The Company shall pay the annual benefit to the
Executive in twelve (12) equal monthly installments payable on the first day of
each month commencing with the month following the Executive's Normal Retirement
Date. The Company shall pay this annual benefit to the Executive for fifteen
(15) years.

     2.3 Disability Benefit. If the Executive terminates employment due to
Disability prior to Normal Retirement Age, the Company shall pay to the
Executive the benefit described in this Section 2.3 in lieu of any other benefit
under this Agreement.

     2.3.1 Amount of Benefit. The benefit under this Section 2.3 is the
Disability amount set forth in Schedule A for the Plan Year ending immediately
prior to the date in which the Termination of Employment occurs. Any increase in
the annual benefit under Section 2.1 shall require the recalculation of this
benefit amount as set forth in Schedule A.

     2.3.2 Payment of Benefit. The Company shall pay the annual benefit to the
Executive in twelve (12) equal monthly installments payable on the first day of
each month commencing with the month following Termination of Employment. The
Company shall pay this annual benefit to the Executive for fifteen (15) years.

     2.4 Change of Control Benefit. Upon a Change of Control, the Company shall
pay to the Executive the benefit described in this Section 2.4 in lieu of any
other benefit under this Agreement.

     2.4.1 Amount of Benefit. The benefit under this Section 2.4 is the Change
of Control Lump Sum set forth in Schedule A for the Plan Year ending immediately
prior to the date in which Termination of Employment occurs, determined by
vesting the Executive one hundred percent (100%) in the present value of the
stream of payments of the Normal Retirement Benefit described in Section 2.1.
Any increase in the annual benefit under Section 2.1 shall require the
recalculation of this benefit as set forth in Schedule A.

                                       3
<PAGE>

     2.4.2 Payment of Benefit. The company shall pay the benefit to the
Executive in a lump sum within sixty (60) days following Termination of
Employment.

     2.4.3 How Change of Control Benefit Determined. In determining the Change
of Control benefit under this Section 2.4, Executive shall receive a lump sum
payment which is calculated to be the present value of the Normal Retirement
Benefit based upon fifteen (15) years of monthly installment payments, which are
to be calculated commencing with Executive's Normal Retirement Age and ending
fifteen (15) years later.

                                    Article 3
                                 Death Benefits

      The Company shall not pay a death benefit under this Agreement. A death
benefit may be provided according to the terms of a separate Split Dollar
Agreement entered into by the Company and the Executive.

                                    Article 4
                                  Beneficiaries

       4.1 Beneficiary Designations. The Executive shall designate a beneficiary
by filing a written designation with the Company. The Executive may revoke or
modify the designation at any time by filing a new designation. However,
designations will only be effective if signed by the Executive and received by
the Company during the Executive's lifetime. The Executive's beneficiary
designation shall be deemed automatically revoked if the beneficiary predeceases
the Executive, or if the Executive names a spouse as beneficiary and the
marriage is subsequently dissolved. If the Executive dies without a valid
beneficiary designation, all payments shall be made to the Executive's estate.

       4.2 Facility of Payment. If a benefit is payable to a minor, to a person
declared incompetent, or to a person incapable of handling the disposition of
his or her property, the Company may pay such benefit to the guardian, legal
representative or person having the care or custody of such minor, incompetent
person or incapable person. The Company may require proof of incapacity,
minority or guardianship as it may deem appropriate prior to distribution of the
benefit. Such distribution shall completely discharge the Company from all
liability with respect to such benefit.

                                    Article 5
                               General Limitations

       5.1 Termination for Cause. Notwithstanding any provision of this
Agreement to the contrary, the Company shall not pay any benefit under this
Agreement if the Company terminates the Executive's employment for:

                                       4
<PAGE>

(a)    Any act of embezzlement, fraud, breach of fiduciary duty or dishonesty;

(b)    Deliberate or repeated disregard of the policies and rules of Company as
       adopted by Company's Board of Directors;

(c)    Unauthorized use or disclosure of any of the trade secrets or
       confidential information of Company;

(d)    Competition with Company, inducement of any customer of the Company to
       breach a contract with the Company, or inducement of any principal for
       whom the Company acts as agent to terminate such agency relationship;

(e)    Gross negligence adversely impacting the Company; or

(f)    Willful breach of this Agreement or any other willful misconduct.

       5.2 Competition After Termination of Employment. No benefits shall be
payable if the Executive, without the prior written consent of the Company,
engages in, becomes interested in, directly or indirectly, as a sole proprietor,
as a partner in a partnership, or as a substantial shareholder in a corporation,
or becomes associated with, in the capacity of employee, director, officer,
principal, agent, trustee or in any other capacity whatsoever, any enterprise
conducted in the trading area (a 50 mile radius) of the business of the Company
within 2 years of Termination of Employment, which enterprise is, or may deemed
to be, competitive with any business carried on by the Company as of the date of
termination of the Executive's employment or his retirement. This section shall
not apply following a Change of Control.

       5.3 Suicide or Misstatement. No benefits shall be payable if the
Executive commits suicide within two years after the date of this Agreement, or
if the Executive has made any material misstatement of fact on any application
for life insurance purchased by the Company.

                                    Article 6
                          Claims and Review Procedures

       6.1 Claims Procedure. Any person or entity who has not received benefits
under the Plan that he or she believes should be paid ("claimant") shall make a
claim for such benefits as follows:

              6.1.1 Initiation - Written Claim. The claimant initiates a claim
       by submitting to the Company a written claim for the benefits.

              6.1.2 Timing of Company Response. The Company shall respond to
       such claimant within ninety (90) days after receiving the claim. If the
       Company determines that special circumstances require additional time for
       processing the claim, the Company can extend the response period by an
       additional ninety (90) days by notifying the claimant in writing, prior
       to the end of the initial ninety (90)-day period, that an additional
       period is required. The notice of extension must set forth the special
       circumstances and the date by which the Company expects to render its
       decision.

                                       5
<PAGE>

              6.1.3 Notice of Decision. If the Company denies part or all of the
       claim, the Company shall notify the claimant in writing of such denial.
       The Company shall write the notification in a manner calculated to be
       understood by the claimant. The notification shall set forth:

                    (a)  The specific reasons for the denial,

                    (b)  A reference to the specific provisions of the Plan on
                         which the denial is based,

                    (c)  A description of any additional information or material
                         necessary for the claimant to perfect the claim and an
                         explanation of why it is needed,

                    (d)  An explanation of the Plan's review procedures and the
                         time limits applicable to such procedures, and

                    (e)  A statement of the claimant's right to bring a civil
                         action under ERISA Section 502(a) following an adverse
                         benefit determination on review.

     6.2 Review Procedure. If the Company denies part or all of the claim, the
claimant shall have the opportunity for a full and fair review by the Company of
the denial, as follows:

              6.2.1 Initiation - Written Request. To initiate the review, the
       claimant, within sixty (60) days after receiving the Company's notice of
       denial, must file with the Company a written request for review.

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

              6.2.3 Considerations on Review. In considering the review, the
       Company shall take into account all materials and information the
       claimant submits relating to the claim, without regard to whether such
       information was submitted or considered in the initial benefit
       determination.

              6.2.4 Timing of Company Response. The Company shall respond in
       writing to such claimant within sixty (60) days after receiving the
       request for review. If the Company determines that special circumstances
       require additional time for processing the claim, the Company can extend
       the response period by an additional sixty (60) days by notifying the
       claimant in writing, prior to the end of the initial sixty (60)-day
       period, that an additional period is required. The notice of extension
       must set forth the special circumstances and the date by which the
       Company expects to render its decision.

              6.2.5 Notice of Decision. The Company shall notify the claimant in
       writing of its decision on review. The Company shall write the
       notification in a manner calculated to be understood by the claimant. The
       notification shall set forth:

                    (a)  The specific reasons for the denial,

                    (b)  A reference to the specific provisions of the Plan on
                         which the denial is based,

                                       6
<PAGE>

                    (c)  A statement that the claimant is entitled to receive,
                         upon request and free of charge, reasonable access to,
                         and copies of, all documents, records and other
                         information relevant (as defined in applicable ERISA
                         regulations) to the claimant's claim for benefits, and

                    (d)  A statement of the claimant's right to bring a civil
                         action under ERISA Section 502(a).

                                    Article 7
                           Amendments and Termination

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

                                    Article 8
                                  Miscellaneous

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

     8.2 No Guarantee of Employment. This Agreement is not an employment policy
or contract. It does not give the Executive the right to remain an employee of
the Company, nor does it interfere with the Company's right to discharge the
Executive. It also does not require the Executive to remain an employee nor
interfere with the Executive's right to terminate employment at any time.

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

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

     8.5 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.

     8.6 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. Furthermore, it is the intent of the parties that this Agreement
is unfunded for tax and ERISA purposes.

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

                                       7
<PAGE>

     8.8 Entire Agreement. This Agreement constitutes the entire agreement
between the Company and the Executive as to the subject matter hereof. No rights
are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.

     8.9 Administration. The Company shall have powers which are necessary to
administer this Agreement, including but not limited to:

                    (a)  Interpreting the provisions of the Agreement;

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

                    (c)  Maintaining a record of benefit payments; and

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

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

       IN WITNESS WHEREOF, the Executive and a duly authorized Company officer
consent to this Agreement.

EXECUTIVE:                              COMPANY:

                                        TEMECULA VALLEY BANK, N.A.

/s/ Robert R. Flores                 By /s/ Stephen H. Wacknitz
-----------------------------------    ------------------------
Robert R. Flores                       Stephen H. Wacknitz
                                       President/CEO/Chairman of the Board

                                       8
<PAGE>

                                       10

                          BENEFICIARY DESIGNATION FORM
                       FOR THE TEMECULA VALLEY BANK, N.A.
                          SALARY CONTINUATION AGREEMENT

I.       PRIMARY DESIGNATION
           (You may refer to the beneficiary designation information prior to
completion of this form.)

A.       Person(s) as a Primary Designation:
                  (Please indicate the percentage for each beneficiary.)

Name___________________________________   Relationship________________/ _______%
Address:_______________________________________________________________________
                           (Street) (City) (State) (Zip)

Name___________________________________   Relationship________________/ _______%
Address:_______________________________________________________________________
                           (Street) (City) (State) (Zip)

Name___________________________________   Relationship________________/ _______%
Address:_______________________________________________________________________
                           (Street) (City) (State) (Zip)

Name___________________________________   Relationship________________/ _______%
Address:_______________________________________________________________________
                           (Street) (City) (State) (Zip)

B.       Estate as a Primary Designation:

My Primary Beneficiary is The Estate of
______________________________________ as set forth in the last will and
testament dated the _____ day of _____________, _____ and any codicils thereto.

C.       Trust as a Primary Designation:
         -------------------------------

Name of the Trust:  ____________________________________________________________
Execution Date of the Trust: _____ / _____ / _________
Name of the Trustee: __________________________________________________________
Beneficiary(ies) of the Trust (please indicate the percentage for each
beneficiary):
             _________________________________________________________________
Is this an Irrevocable Life Insurance Trust?  ________ Yes     ________ No
(If yes and this designation is for a Split Dollar agreement, an Assignment of
Rights form should be completed.)

                                       9
<PAGE>

II.     SECONDARY (CONTINGENT) DESIGNATION
        ----------------------------------

A.                Person(s) as a Secondary (Contingent) Designation: (Please
                  indicate the percentage for each beneficiary.)

Name___________________________________   Relationship______________/ _______%
Address:______________________________________________________________________
                           (Street) (City) (State) (Zip)

Name___________________________________   Relationship_____________ / _______%
Address:_______________________________________________________________________
                           (Street) (City) (State) (Zip)

Name___________________________________   Relationship_______________/ _______%
Address:______________________________________________________________________
                           (Street) (City) (State) (Zip)

Name___________________________________   Relationship_______________/ _______%
Address:_______________________________________________________________________
                           (Street) (City) (State) (Zip)

B.       Estate as a Secondary (Contingent)  Designation:

My Secondary Beneficiary is The Estate of
_____________________________________ as set forth in my last will and testament
dated the _____ day of ___________, _____ and any codicils thereto.

C.       Trust as a Secondary (Contingent)  Designation:
         -----------------------------------------------

Name of the Trust:  ____________________________________________________________
Execution Date of the Trust: _____ / _____ / _________
Name of the Trustee: __________________________________________________________
Beneficiary(ies) of the Trust (please indicate the percentage for each
beneficiary):
             ________________________________________________________

All sums payable under the Temecula Valley Bank, N.A. Salary Continuation
Agreement by reason of my death shall be paid to the Primary Beneficiary(ies),
if he or she survives me, and if no Primary Beneficiary(ies) shall survive me,
then to the Secondary (Contingent) Beneficiary(ies). This beneficiary
designation is valid until the participant notifies the bank in writing.

_________________________                          6/01/05
Robert R. Flores                               _____________

                                       10Exhibit
10.1

[First Tennessee Letterhead]

May
12, 2005

Mr. Andrew Clarke

Forward Air Corporation

P.O. Box 1058

Greeneville, TN 37744

Re: Forward Air Corporation Credit
Facility

Dear Andy:

Concerning the terms of the Loan
and Security Agreement date September 10, 1998 ,and the Modification Agreement
dated June 18, 2002 First Tennessee Bank (“The Bank”) agrees to the following:

	
  

  	
  

  
	
 1.

  	
 The Bank extends the maturity date on the $20,000,000
  Master Secured Promissory Note dated September 10, 1998 (the “Line of
  Credit”) to April 30, 2007.

  

This agreement constitutes a one
time modification to the specific items addressed above. All other terms and
agreements of the Loan Documents remain in full effect and force. 

Sincerely,

/s/ Steve Mears

Steve Mears

Senior Vice President

Accepted as of the 17th day
of May, 2005

	
  

  	
  

  	
  

  
	
 By: /s/ Andrew C. Clarke 

  
	
  

  	

  

  	
  

  
	
  

  
	
  

  	
 Andrew Clarke, Chief Financial Officer

  
	
  

  
	
  

  	
    Forward Air Corporation

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00089-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00089-of-00352.parquet"}]]