Document:

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                                                                    EXHIBIT 10.6

                           CHANGE IN CONTROL AGREEMENT

                         EFFECTIVE DATE: JANUARY 1, 2004

This CHANGE IN CONTROL AGREEMENT ("Agreement") is made by WEST COAST BANCORP
("Bancorp") and WEST COAST BANK ("Bank") (collectively "Company") and DAVID L.
PRYSOCK ("Executive").

                                    RECITALS

A.   The Executive is employed by the Company as its Executive Vice President,
     Chief Credit Officer.

B.   The Board recognizes that a possible or threatened Change in Control may
     result in key management personnel being concerned about their continued
     employment status or responsibilities. In addition, they may be approached
     by other companies offering competing employment opportunities.
     Consequently, they will be distracted from their duties and may even leave
     the Company during a time when their undivided attention and commitment to
     the best interests of the Company and Bancorp's shareholders would be
     vitally important.

C.   The Company considers it essential to its best interests and those of
     Bancorp's shareholders to provide for the continued employment of key
     management personnel in the event of a Change in Control.

D.   Therefore, in order to--

     (1)  Encourage the Executive to assist the Company during a Change in
          Control and be available during the transition afterwards;

     (2)  Give assurance regarding the Executive's continued employment status
          and responsibilities in the event of a Change in Control; and

     (3)  Provide the Executive with Change in Control benefits competitive with
          the Company's peers

     --the parties agree on the following:

                              TERMS AND CONDITIONS

1.   DEFINITIONS. Words and phrases appearing in this Agreement with initial
     capitalization are defined terms that have the meanings stated below. Words
     appearing in the following definitions which are themselves defined terms
     are also indicated by initial capitalization.

     (a)  "BENEFICIAL OWNERSHIP" means direct or indirect ownership within the
          meaning of Rule 13(d)(3) under the Exchange Act.

     (b)  "BOARD" means Bancorp's Board of Directors.

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     (c)  "CAUSE" means either:

          (1)  Any of the circumstances that qualify as grounds for termination
               for cause under the Executive's employment agreement as in effect
               at the time; or

          (2)  If no employment agreement is in effect at that time or if the
               employment agreement in effect at that time does not specify
               grounds for termination for cause, any of the following
               circumstances shall qualify as "Cause" under this Agreement:

               (A)  Embezzlement, dishonesty or other fraudulent acts involving
                    the Company or the Company's business operations;

               (B)  Material breach of any confidentiality agreement or policy;

               (C)  Conviction (whether entered upon a verdict or a plea,
                    including a plea of no contest) on any felony charge or on a
                    misdemeanor reflecting upon the Executive's honesty;

               (D)  An act or omission that materially injures the Company's
                    reputation, business affairs or financial condition, if that
                    injury could have been reasonably avoided by the Executive;
                    or

               (E)  Willful misfeasance or gross negligence in the performance
                    of the Executive's duties provided, however, that the
                    Executive is first given:

                    (i)  Written notice by the Company specifying in detail the
                         performance issues; and

                    (ii) A reasonable opportunity to cure the issues specified
                         in the notice.

     (d)  "CHANGE IN CONTROL" means:

          (1)  Except as provided in subparagraph (B) below, an acquisition or
               series of acquisitions as described in subparagraph (A) below.

               (A)  The acquisition by a Person of the Beneficial Ownership of
                    more than 30% of either:

                    (i)  Bancorp's then outstanding shares of common stock; or

                    (ii) The combined voting power of Bancorp's then outstanding
                         voting securities entitled to vote generally in the
                         election of directors.

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               (B)  This paragraph (1) does not apply to any acquisition:

                    (i)   Directly from the Company;

                    (ii)  By the Company; or

                    (iii) Which is part of a transaction that satisfies the
                          exception in paragraph (3)(A), (B) and (C) below;

          (2)  The incumbent directors cease for any reason to be a majority of
               the Board. The "incumbent directors" are directors who are
               either:

               (A)  Directors on the Effective Date; or

               (B)  Elected, or nominated for election, to the Board by a
                    majority vote of the members of the Board or the Nominating
                    Committee of the Board who were directors on the Effective
                    Date. However this subparagraph (B) does not include any
                    director whose election came as a result of an actual or
                    threatened election contest regarding the election or
                    removal of directors or other actual or threatened
                    solicitation of proxies by or on behalf of a Person other
                    than the Board;

          (3)  Consummation of a merger, reorganization or consolidation of
               Bancorp or the sale or other disposition of substantially all of
               it assets, except where:

               (A)  Persons who, immediately before the consummation, had,
                    respectively, a Controlling Interest in and Voting Control
                    of Bancorp have, respectively, a Controlling Interest in,
                    and Voting Control of the resulting entity;

               (B)  No Person (other than the entity resulting from the
                    transaction or an employee benefit plan maintained by that
                    entity) has the Beneficial Ownership of more than 30% of
                    either:

                    (i)  The resulting entity's then outstanding shares of
                         common stock or other comparable equity security; or

                    (ii) The combined voting power of the resulting entity's
                         then outstanding voting securities entitled to vote
                         generally in the election of directors,

                    except to the extent that Person held that Beneficial
                    Ownership before the consummation; and

               (C)  A majority of the members of the board of directors of the
                    resulting entity were members of the Board at either the
                    time:

                    (i)  The transaction was approved by the Board; or

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                    (ii) The initial agreement for the transaction was signed;
                         or

          (4)  Approval by Bancorp's shareholders of its complete liquidation or
               dissolution.

     (e)  "CHANGE IN CONTROL PROPOSAL" means any proposal or offer that is
          intended to or has the potential to result in a Change in Control.

     (f)  "CODE" means the Internal Revenue Code of 1986.

     (g)  "COMMITTEE" means the Compensation and Personnel Committee of the
          Board.

     (h)  "CONTROLLING INTEREST" means Beneficial Ownership of more than 50% of
          the outstanding shares common stock of a corporation or the comparable
          equity securities of a noncorporate business entity.

     (i)  "DISABILITY" means that either the carrier of any Company-provided
          individual or group long-term disability insurance policy covering the
          Executive or the Social Security Administration has determined that
          the Executive is disabled. Upon the request of the Committee, the
          Executive will submit proof of the carrier's or the Social Security
          Administration's determination.

     (j)  "EFFECTIVE DATE" means January 1, 2004.

     (k)  "ERISA" means the Employee Retirement Security Act of 1974.

     (l)  "EXCHANGE ACT" means the Securities Exchange Act of 1934.

     (m)  "GOOD REASON" means any one of the following:

          (1)  Any reduction in the Executive's salary or reduction or
               elimination of any compensation or benefit plan benefiting the
               Executive, which reduction or elimination does not generally
               apply to substantially all similarly situated employees of the
               Company or such employees of any successor entity or of any
               entity in control of Bancorp or the Bank;

          (2)  A relocation or transfer of the Executive's place of employment
               to an office or location that is more than 35 miles from the
               Executive's then current place of employment; or

          (3)  A material diminution in the Executive's responsibilities, title
               or duties.

     (n)  "PERSON" means any individual, entity or group within the meaning of
          Sections 13(d) and 14(d) of the Exchange Act, other than a trustee or
          fiduciary holding securities under an employee benefit plan of the
          Company.

     (o)  "TERMINATION EVENT" means any of the following events:

          (1)  The Executive terminates employment for Good Reason within 24
               months after a Change in Control;

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          (2)  The Company terminates the Executive's employment other than for
               Cause, Disability or death within 24 months after a Change in
               Control;

          (3)  The Company terminates the Executive's employment before a Change
               in Control if:

               (A)  The termination is not for Cause, Disability or death; and

               (B)  The termination occurs either on or after:

                    (i)  The announcement by Bancorp, or any other Person, that
                         a Change in Control is contemplated or intended; or

                    (ii) The date a contemplated or intended Change in Control
                         should have been announced under applicable securities
                         or other laws; or

          (4)  The date the Executive's continued employment begins under
               Section 3(b).

     (p)  "VOTING CONTROL" means holding more than 50% of the combined voting
          power of an entity's then outstanding securities entitled to vote in
          the election of its directors or other governing body.

2.   INITIAL TERM; RENEWALS; EXTENSION.

     (a)  The initial term of this Agreement begins on the Effective Date and
          ends on December 31, 2004.

     (b)  Following this initial term, this Agreement will automatically renew
          on January 1 of each year for subsequent one-year terms, unless not
          later than the September 30 preceding the upcoming renewal date,
          either the Company or the Executive gives the other written notice
          terminating this Agreement as of the upcoming December 31.

     (c)  If a definitive agreement providing for a Change in Control is signed
          on or before the expiration date of the initial term or any renewal
          term, the term of this Agreement then in effect will automatically be
          extended to 24 months after the effective date (as stated in the
          definitive agreement) of the Change in Control. During this extended
          period, the Board may not terminate this Agreement without the
          Executive's written consent.

3.   EXECUTIVE'S OBLIGATIONS.

     (a)  The Executive agrees that, upon notification that the Company has
          received a Change in Control Proposal, the Executive shall:

          (1)  At the Company's request, assist the Company in evaluating that
               proposal; and

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          (2)  Not resign the Executive's position with the Company until the
               transaction contemplated by that proposal is either consummated
               or abandoned.

     (b)  If, within 24 months following a Change in Control, the Company wants
          the Executive to continue employment in a position or under
          circumstances that would qualify as Good Reason for the Executive
          terminating employment:

          (1)  The Executive shall nevertheless agree to that continued
               employment, provided that:

               (A)  The term of this continued employment shall not exceed 90
                    days or such shorter or longer term as agreed by the Company
                    and the Executive;

               (B)  The continued employment will be at an executive level
                    position that is reasonably comparable to the Executive's
                    then current position;

               (C)  The continued employment shall be at either:

                    (i)  The Executive's then current place of employment; or

                    (ii) Such other location as agreed by the Company and the
                         Executive; and

               (D)  As compensation for this continued employment, the Executive
                    shall receive:

                    (i)  The same base pay and bonus arrangement as in effect on
                         the day before the continued employment agreement
                         became effective (or their hourly equivalent); and

                    (ii) Either:

                         (I)  Continuation of the Executive's employee benefits,
                              fringe benefits and perquisites at their then
                              current level; or

                         (II) If that continuation is not reasonably feasible,
                              the Executive shall receive additional cash
                              compensation equal to the amount the Company would
                              have paid as the employer contribution for the
                              items that cannot be continued.

          (2)  The date this continued employment begins shall be treated as a
               Termination Event, so that benefits will be payable under this
               Agreement, in accordance with its terms and conditions, even
               though the Executive's employment with the Company has not
               terminated.

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4.   SEVERANCE BENEFITS. Upon a Termination Event, the Executive will receive
     severance benefits as follows:

     (a)  COMPONENTS. The severance benefits will consist of:

          (1)  The cash compensation payment under subsection (b) below;

          (2)  The equity acceleration under subsection (c) below;

          (3)  The health plan continuation benefits under subsection (d) below;

          (4)  The 401(k) equivalency payment under subsection (e) below; and

          (5)  The outplacement/tax planning benefits under subsection (f)
               below.

     (b)  CASH COMPENSATION PAYMENT.

          (1)  This payment will equal two times the Executive's cash
               compensation. The Executive's "cash compensation" is the sum of:

               (A)  The Executive's adjusted salary as determined under
                    paragraph (2) below; and

               (B)  The Executive's average bonus as determined under paragraph
                    (3) below.

          (2)  The Executive's "adjusted salary" is the Executive's annualized
               regular monthly salary in effect on the date of the Termination
               Event as reportable on IRS Form W-2, adjusted by including and
               excluding the following items:

               (A)  Include any salary deferral contributions made under any
                    employee benefit plan maintained by the Company, including
                    Bancorp's Executives' Deferred Compensation Plan;

               (B)  Exclude:

                    (i)    Bonus payments;

                    (ii)   Bonus amounts deferred including any made under any
                           employee benefit plan maintained by the Company,
                           including Bancorp's Executives' Deferred Compensation
                           Plan;

                    (iii)  Reimbursements or other expense allowances, fringe
                           benefits (cash and noncash), moving expenses,
                           severance or disability pay and welfare benefits;

                    (iv)   Employer contributions to a deferred compensation
                           plan to the extent the contributions are not included
                           in the Executive's gross income for the calendar year
                           in which

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                           contributed, and any distributions from a deferred
                           compensation plan, regardless of whether those
                           amounts are includible in the Executive's gross
                           income when distributed;

                    (v)    Amounts realized from the exercise of non-qualified
                           stock options or when restricted stock (or property)
                           becomes freely transferable or no longer subject to a
                           substantial risk of forfeiture;

                    (vi)   Amounts realized from the sale, exchange or other
                           disposition of stock acquired under a qualified stock
                           option;

                    (vii)  The value of a non-qualified stock option included in
                           income in the year in which granted;

                    (viii) Amounts includible in income upon making a Code
                           Section 83(b) election;

                    (ix)   Taxable benefits, such as premiums for excess group
                           term life insurance;

                    (x)    Imputed income from any life insurance on the
                           Executive's life that is owned by or funded in whole
                           or in part by the Company; and

                    (xi)   Other similar recurring or non-recurring payments.

          (3)  The Executive's "average bonus" is the average of:

               (A)   The actual bonus paid or payable for the bonus computation
                     year that ended before the bonus computation year in which
                     the Termination Event occurs; and

               (B)   The annualized amount of the bonus the Executive earned,
                     determined as of the end of the month in which the
                     Termination Event occurs, for the bonus computation year in
                     which the Termination Event occurs.

     (c)  EQUITY ACCELERATION.

          (1)  Subject to paragraph (2) below, upon the date of the Termination
               Event:

               (A)   All stock options held by the Executive that are not
                     otherwise vested as of that date shall become immediately
                     vested and exercisable notwithstanding any vesting
                     provisions in the grant of those options; and

               (B)   Any restrictions on the restricted stock held by the
                     Executive shall immediately lapse.

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          (2)  The Board may exclude any particular grant of stock options or
               restricted stock from the acceleration provisions of paragraph
               (1) above, but only as follows:

               (A)   Any current grants as of the Effective Date that are to be
                     excluded must be listed in a separate appendix to this
                     Agreement.

               (B)   Any grants made after the Effective Date will be excluded
                     only if the exclusion is made at the time the grant is
                     made.

     (d)  HEALTH PLAN CONTINUATION BENEFITS. The Company will provide health
          plan continuation benefits as follows:

          (1)  For the period specified in paragraph (3) below, the Company will
               pay the premiums (both the employer and employee portions) for
               COBRA continuation coverage under the Company's group health
               plans as in effect at that time.

          (2)  The Executive will have all the rights available under COBRA to
               change plans and coverage category (i.e., employee only, employee
               plus spouse or full family or such other categories that are in
               effect at that time).

          (3)  The Company will make the COBRA premium payments until the
               earliest of the following events occurs:

               (A)  The date COBRA coverage would otherwise end by law; or

               (B)  18 months of premiums have been paid.

     (e)  401(k) EQUIVALENCY PAYMENT. The Company shall pay the Executive a lump
          sum cash payment equal to two times the sum of the Executive's "deemed
          matching contribution" (as determined under paragraph (2) below) and
          the Executive's "deemed profit-sharing contribution" (as determined
          under paragraph (3) below.

          (1)  For purposes of determining the Executive's deemed matching and
               profit-sharing contributions, the Executive's "deemed 401(k) Plan
               compensation" will be the Executive's cash compensation under
               subsection (b)(1) above, but limited to the maximum amount
               allowable under the 401(k) Plan's definition of "compensation" as
               in effect at that time;

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          (2)  The deemed matching contributions will be determined as follows:

               (A)  First, the Executive's "deemed elective deferral
                    contributions" will be determined by multiplying the
                    Executive's deemed 401(k) Plan compensation under paragraph
                    (1) above by the lesser of:

                    (i)  The deferral percentage the Executive had in effect
                         under the 401(k) Plan on the date of the Termination
                         Event; or

                    (ii) The maximum deferral percentage allowed by the 401(k)
                         Plan for highly compensated employees (if applicable to
                         the Executive) for the plan year in which the
                         Termination Event occurs, if that percentage has been
                         determined by the date of Termination Event.

               (B)  Second, the deemed matching contribution formula will be
                    applied to the amount of the deemed elective deferral
                    contributions as calculated under subparagraph (A) above, to
                    determine the amount of the deemed matching contributions.
                    For this purpose, the "deemed matching contribution formula"
                    is:

                    (i)  The 401(k) Plan's matching contribution formula for the
                         plan year in which the Termination Event occurs; or

                    (ii) If that formula has not been determined by the date of
                         the Termination Event, the formula for the previous
                         plan year.

          (3)  The deemed profit-sharing contributions will be determined by
               multiplying the Executive's deemed 401(k) Plan compensation under
               paragraph (1) above by:

               (A)  The 401(k) Plan's profit-sharing contribution rate for the
                    plan year in which the Termination Event occurs; or

               (B)  If that rate has not been determined by the date of the
                    Termination Event, the average of the profit-sharing
                    contribution rate for the three plan years before the plan
                    year in which the Termination Event occurs.

     (f)  OUTPLACEMENT/TAX PLANNING SERVICES. At the Executive's election, for
          up to 12 months from the date of the Termination Event, the Executive
          may receive up to $5,000 in outplacement and/or tax planning services
          from service providers selected by the Company. The Company will pay
          the service providers directly for these benefits. The Executive will
          not have an option to receive cash in lieu of these outplacement or
          tax planning benefits.

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     (g)  TIMES FOR PAYMENT.

          (1)  The cash compensation payment under subsection (b) and the 401(k)
               equivalency payment under subsection (e) will be paid within 30
               days after the date of the Termination Event;

          (2)  The COBRA premiums under subsection (d) will be paid as due under
               the terms of the applicable group health plan; and

          (3)  Outplacement services will be paid as billed by the service
               provider.

5.   GROSS-UP PAYMENT. If any or all of the severance benefits under Section 4
     constitute a "parachute payment" under Code Section 280G, the Company shall
     pay the Executive a "Gross-Up Payment" as follows:

     (a)  AMOUNT OF PAYMENT. The Gross-Up Payment shall be equal to the amount
          necessary so that the net amount of the severance benefits retained by
          the Executive, after subtracting the excise tax imposed under Code
          Section 4999 ("excise tax"), and after also subtracting all federal,
          state or local income tax, FICA and the excise tax on the Gross-Up
          Payment itself, shall be equal to the net amount the Executive would
          have retained if no excise tax had been imposed and no Gross-Up
          Payment had been paid.

     (b)  CALCULATION OF PAYMENT AMOUNT. The amount of the Gross-Up Payment
          shall be determined as follows:

          (1)  The determination will be made by independent accountants and/or
               tax counsel (the "consultant") selected by the Company with the
               Executive's consent (which consent will not be unreasonably
               withheld). The Company shall pay all of the consultant's fees and
               expenses.

          (2)  As part of this determination, the consultant will provide the
               Company and the Executive with a detailed analysis and supporting
               calculations of:

               (A)  The extent to which any payments or benefits paid or payable
                    to the Executive are subject to Code Section 280G (including
                    the reasonableness of any compensation provided for services
                    rendered before or after the Change in Control); and

               (B)  The calculation of the excise tax under Code Section 4999.

          (3)  The consultant may make such assumptions and approximations
               concerning applicable tax rates and rely on such interpretations
               regarding the application of Code Sections 280G and 4999 as it
               deems reasonable. The Company and the Executive will provide the
               consultant with any information or documentation the consultant
               may reasonably request.

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     (c)  TIME FOR PAYMENT. The Gross-Up Payment shall be made within 30 days
          after the date of the Termination Event, provided that if the Gross-Up
          Payment cannot be determined within that time, the following will
          apply:

          (1)  The Company shall pay the Executive within that time an estimate,
               determined in good faith by the Company, of the minimum amount of
               the Gross-Up Payment;

          (2)  The Company shall pay the remainder (plus interest as determined
               under Code Section 7872(f)(2)(B)) as soon as the amount can be
               determined, but in no event later than the 45 days after the date
               of the Termination Event; and

          (3)  If the estimated payment is more than the amount later determined
               to have been due, the excess (plus interest as determined under
               Code Section 7872(f)(2)(B)) shall be repaid by the Executive
               within 30 days after written demand by the Company.

     (d)  ADJUSTMENTS. Subject to the Company's right under subsection (e) below
          to contest an excise tax assessment by the Internal Revenue Service,
          the amount of the Gross-Up Payment will be adjusted as follows:

          (1)  OVERPAYMENT. If the actual excise tax imposed is less than the
               amount that was taken into account in determining the amount of
               the Gross-Up Payment, the Executive shall repay at the time that
               the amount of the reduced excise tax is finally determined the
               portion of the Gross-Up Payment attributable to that reduction
               (plus the portion of the Gross-Up Payment attributable to the
               excise tax, FICA and federal, state and local income tax imposed
               on the portion of the Gross-Up Payment being repaid by the
               Executive, to the extent the repayment results in a reduction in
               or refund of excise tax, FICA or federal, state or local income
               tax), plus interest as determined under Code Section
               7872(f)(2)(B) on the amount of the repayment.

          (2)  UNDERPAYMENT. If the actual excise tax imposed is more than the
               amount that was taken into account in determining the amount of
               the Gross-Up Payment, the Company shall make an additional
               gross-up payment to compensate for that excess (plus interest as
               determined under Code Section 7872(f)(2)(B)) within 10 days of
               the date the amount of the excess is finally determined.

     (e)  COMPANY'S RIGHT TO CONTEST. The Company has the right to contest any
          excise tax assessment made by the Internal Revenue Service on the
          following terms and conditions:

          (1)  The Executive must notify the Company in writing of any claim by
               the Internal Revenue Service that, if upheld, would result in the
               payment of excise taxes in amounts different from the amount
               initially determined by the consultant. The Executive shall give
               this notice as soon as possible but in no event later than 15
               days after the Executive receives the notice from the Internal
               Revenue Service.

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          (2)  If the Company decides to contest the assessment, it must notify
               the Executive within 30 days of receiving the notice from the
               Executive.

          (3)  The Company will have full control of the proceedings, including
               settlement authority and the right to appeal.

          (4)  The Executive will cooperate fully in providing any testimony,
               information or documentation reasonably required by the Company
               in connection with the proceedings.

          (5)  The adjustments required under subsection (d) above shall not be
               made until the Company has concluded a settlement agreement with
               the Internal Revenue Service, exhausted its (or the Executive's)
               rights to contest the Internal Revenue Service's determination or
               notified the Executive that it intends to concede the matter,
               whichever occurs first.

          (6)  The Company shall bear all fees and costs associated with the
               contest.

          (7)  The Company will indemnify the Executive from any taxes, interest
               and penalties that may be imposed upon the Executive with respect
               to the payments made under paragraph (6) above and this paragraph
               (7).

     (f)  EFFECT OF REPEAL. If Code Sections 280G and 4999 are repealed without
          successor provisions being enacted, this Section shall be of no
          further force or effect.

6.   OTHER COMPENSATION AND TERMS OF EMPLOYMENT. This Agreement is not an
     employment agreement. Accordingly, other than providing for the benefits
     payable upon a Change in Control, this Agreement will not affect the
     determination of any compensation payable by the Company to the Executive,
     nor will it affect the other terms of the Executive's employment with the
     Company. The specific arrangements referred to in this Agreement are not
     intended to exclude or circumvent any other benefits that may be available
     to the Executive under the Company's employee benefit or other applicable
     plans, programs or arrangements upon the termination of the Executive's
     employment.

7.   WITHHOLDING. All payments made to the Executive under this Agreement are
     subject to the withholding of income and payroll taxes and other payroll
     deductions that the Company reasonably determines are appropriate under
     applicable law or regulations.

8.   ASSIGNMENT.

     (a)  The Company will require any successor (by purchase, merger,
          consolidation or otherwise, whether direct or indirect) to all or
          substantially all of its business or assets to expressly assume this
          Agreement. This assumption shall be obtained before the effective date
          of the succession. Failure of the Company to obtain this assumption
          shall be a breach of this Agreement and shall entitle the Executive to
          compensation from the Company in the same amount and on the same terms
          that the Executive would be entitled to under this Agreement following
          a Change in Control, except that for this purpose:

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          (1)  The date the definitive agreement providing for the succession is
               signed shall be deemed to be the date of the Termination Event
               (the "deemed Termination Event"), regardless of whether the
               Executive's employment terminates on that date;

          (2)  The Executive will have no continued employment obligation under
               Section 3(b) as of the deemed Termination Event;

          (3)  The equity acceleration under Section 4(c) will be effective on
               the date of the deemed Termination Event;

          (4)  Within five (5) business days of the deemed Termination Event,
               the Company with pay the Executive a lump sum cash payment equal
               to the sum of:

               (A)  The cash compensation payment under Section 4(b);

               (B)  Twenty-four times the monthly COBRA premium amount for the
                    group health plan coverage the Executive had in effect on
                    the date of the deemed Termination Event;

               (C)  The 401(k) equivalency payment under Section 4(e);

               (D)  The maximum amount that would have been paid under Section
                    4(f) to the outplacement service provider; and

          (5)  Section 6 will no longer apply as of the date of the deemed
               Termination Event.

     (b)  The Executive may not assign or transfer this Agreement or any rights
          or obligations under it.

9.   UNSECURED GENERAL CREDITOR. Neither the Executive nor anyone else claiming
     on behalf of or through the Executive shall have any right with respect to,
     or claim against, any insurance policy or other asset the Company may
     acquire to assist it in financing its obligations under this Agreement. The
     Executive shall be an unsecured general creditor of the Company with
     respect to any amount payable under this Agreement.

10.  JOINT AND SEVERAL OBLIGATION. Bancorp and Bank will be jointly and
     severally liable for the payment obligations under this Agreement.

11.  DEATH BENEFIT.

     (a)  Any severance benefits under Section 4 remaining unpaid at the
          Executive's death shall be paid under the terms and conditions of this
          Agreement, to the Beneficiary or Beneficiaries determined under
          subsection (b) below.

Page 14 CHANGE IN CONTROL AGREEMENT (Prysock)

<PAGE>

     (b)  The Executive may designate the Beneficiary or Beneficiaries (who may
          be designated concurrently or contingently) to receive the death
          benefit under the Plan under the following terms and conditions:

          (1)  The beneficiary designation must be in a form satisfactory to the
               Committee and must be signed by the Executive.

          (2)  A beneficiary designation shall be effective upon receipt by the
               Committee or its designee and shall cancel all beneficiary
               designations previously filed by the Executive, provided it is
               received before the Executive's death.

          (3)  The Executive may revoke a previous beneficiary designation
               without the consent of the previously designated Beneficiary.
               This revocation is made by filing a new beneficiary designation
               form with the Committee or its designee, and shall be effective
               upon receipt.

          (4)  A divorce will automatically revoke the portion of a beneficiary
               designation designating the former spouse as a Beneficiary.

          (5)  If a Beneficiary disclaims a death benefit, the benefit will be
               paid as if the Beneficiary had predeceased the Executive.

          (6)  If a Beneficiary who is in pay status dies before full
               distribution is made to the Beneficiary, the unpaid balance of
               the distribution will be paid to the Beneficiary's estate.

          (7)  If, at the time of the Executive's death, the Executive has
               failed to designate a Beneficiary, the Executive's beneficiary
               designation has become completely invalid under the provisions of
               this subsection or there is no surviving Beneficiary, the benefit
               will be paid in the following order of priority:

               (A)  To the Executive's spouse, if living; or

               (B)  To the Executive's estate.

12.  GENERAL PROVISIONS.

     (a)  CHOICE OF LAW/VENUE.

          (1)  This Agreement shall be construed and its validity determined
               according to the laws of the State of Oregon, other than its law
               regarding conflicts of law or choice of law, to the extent not
               preempted by federal law.

          (2)  Any dispute arising out of this Agreement must be brought in
               either Clackamas County or Multnomah County, Oregon, and the
               parties will submit to personal jurisdiction in either of those
               counties.

Page 15 CHANGE IN CONTROL AGREEMENT (Prysock)

<PAGE>

     (b)  ARBITRATION. Any dispute or claim arising out of or brought in
          connection with this Agreement, shall be submitted to final and
          binding arbitration as follows:

          (1)  Before proceeding to arbitration, the parties shall first
               attempt, in good faith, to resolve the dispute or claim by
               informal meetings and discussions between them and/or their
               attorneys. Acting on behalf of the Company at any of these
               meetings and discussions will be, at the discretion of its Chief
               Executive Officer, the Chief Executive Officer, the Executive
               Vice-President, Human Resources or both of them. The Chief
               Executive Officer and the Executive Vice-President, Human
               Resources will make their recommendation to the Committee for its
               decision on the matter. This informal dispute resolution process
               will be concluded within 30 days or such longer or shorter period
               as may be mutually agreed by the parties.

          (2)  After exhausting the informal dispute resolution process under
               paragraph (1) above, upon the request of any party, the matter
               will be submitted to and settled by arbitration under the rules
               then in effect of the American Arbitration Association (or under
               any other form of arbitration mutually acceptable to the parties
               involved). Any award rendered in arbitration will be final and
               will bind the parties, and a judgment on it may be entered in the
               highest court of the forum having jurisdiction. The arbitrator
               will render a written decision, naming the substantially
               prevailing party in the action and will award such party all
               costs and expenses incurred, including reasonable attorneys'
               fees.

     (c)  ATTORNEYS' FEES.

          (1)  If any breach of or default under this Agreement results in
               either party incurring attorneys' or other fees, costs or
               expenses (including those incurred in an arbitration), the
               substantially prevailing party is entitled to recover from the
               non-prevailing party its reasonable legal fees, costs and
               expenses, including attorneys' fees and the costs of the
               arbitration, except as provided in paragraph (2) below.

          (2)  If the Executive is not the substantially prevailing party, the
               Executive shall be liable to pay the Company under paragraph (1)
               above only if the arbitrator determines that:

               (A)  There was no reasonable basis for the Executive's claim (or
                    the Executive's response to the Company's claim); or

               (B)  The Executive had engaged in unreasonable delay, failed to
                    comply with a discovery order or otherwise acted in bad
                    faith in the arbitration.

          (3)  Either party shall be entitled to recover any reasonable
               attorneys' fees and other costs and expenses it incurs in
               enforcing or collecting an arbitration award.

Page 16 CHANGE IN CONTROL AGREEMENT (Prysock)

<PAGE>

          (4)  If an award under this subsection is made to the Executive and
               accountants or tax counsel selected by Company with the
               Executive's consent (which shall not be unreasonably withheld)
               determine that the award is includible in Executive's gross
               income, Company shall also pay Executive a gross-up payment to
               offset the taxes imposed on that award, including the taxes on
               the gross -up payment itself. This gross-up payment shall be
               determined following the methodology employed in Section 5(b).

     (d)  ENTIRE AGREEMENT. This Agreement contains the entire agreement among
          the parties with respect to its subject matter, and it supercedes all
          previous agreements between the Executive and the Company and any of
          its subsidiaries pertaining to this subject matter. By signing this
          Agreement, the Executive waives any and all rights the Executive may
          have had under any previous agreement providing for benefits upon a
          Change in Control (regardless of how that term is defined in those
          prior agreements) that the Executive may have entered into with the
          Company or any of its subsidiaries.

     (e)  SUCCESSORS. This Agreement binds and inures to the benefit of the
          parties and each of their respective affiliates, legal
          representatives, heirs and, to the extent permitted in this Agreement,
          their successors and assigns.

     (f)  AMENDMENT. This Agreement may be amended only through a written
          document signed by all of the parties.

     (g)  CONSTRUCTION. The language of this Agreement was chosen jointly by the
          parties to express their mutual intent. No rule of construction based
          on which party drafted the Agreement or certain of its provisions will
          be applied against any party.

     (h)  SECTION HEADINGS. The section headings used in this Agreement have
          been included for convenience and reference only.

     (i)  CITATIONS. Citations to a statute, act or rule are to that statute,
          act or rule as amended or to its successor at the relevant time.
          Citations to a particular section of a statute, act or rule are to
          that section as amended or renumbered or to the comparable provision
          of any successor as in effect at the relevant date.

     (j)  COUNTERPARTS. This Agreement may be executed in one or more
          counterparts, and all counterparts will be construed together as one
          Agreement.

Page 17 CHANGE IN CONTROL AGREEMENT (Prysock)

<PAGE>

     (k)  SEVERABILITY. If any provision of this Agreement is, to any extent,
          held to be invalid or unenforceable, it will be deemed amended as
          necessary to conform to the applicable laws or regulations. However,
          if it cannot be amended without materially altering the intentions of
          the parties, it will be deleted and the remainder of this Agreement
          will be enforced to the extent permitted by law.

EXECUTIVE:                                        COMPANY:

                                                  WEST COAST BANCORP

_________________________________                 By: __________________________
David L. Prysock
                                                  Title ________________________

Date: ___________________________
                                                  Date: ________________________

                                                  WEST COAST BANK

                                                  By: __________________________

                                                  Title: _______________________

                                                  Date: ________________________

Page 18 CHANGE IN CONTROL AGREEMENT (Prysock)<PAGE>

                                                                   EXHIBIT 10.18

                                 WEST COAST BANK
                     SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
                                     (SERP)

                         EFFECTIVE DATE: AUGUST 1, 2003

THIS SERP is adopted by WEST COAST BANK (the "Bank"), WEST COAST BANCORP
("Bancorp"), its parent holding company, (collectively referred to as the
"Company") and ROBERT D. SZNEWAJS (the "Executive").

                                    ARTICLE 1
                                     PURPOSE

1.1      DUAL PURPOSES.  This Plan is intended to:

         (a)      Assist in assuring the Executive's continued service to the
                  Company by providing supplemental retirement benefits that are
                  competitive with the Company's peers; and

         (b)      Discourage the Executive from engaging in any competitive
                  business after the Executive leaves the Company.

1.2      TOP-HAT PLAN STATUS. This is an unfunded Plan maintained primarily for
         the purpose of providing deferred compensation for the Executive, who
         is a member of a select group of management or highly compensated
         employees. As such, this Plan is intended to qualify as a "top hat
         plan" exempt from Part 2 (minimum participation and vesting standards),
         Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility
         provisions) of Title I of the Employee Retirement Income Security Act
         of 1974 (ERISA). The provisions of the Plan shall be interpreted and
         administered according to this intention.

                                    ARTICLE 2
                                   DEFINITIONS

Words and phrases appearing in this Plan with initial capitalization are defined
terms that have the meanings stated below. Words appearing in the following
definitions which are themselves defined terms are also indicated by initial
capitalization.

2.1      ACCRUAL BALANCE means the benefit liability accrued by the Company
         under Article 6.

2.2      ADJUSTED ACCRUAL BALANCE means the Accrual Balance determined as of the
         end of the month that is on or before the date of the Executive's
         Termination of Employment.

<PAGE>

2.3      BENEFICIARY means the person or persons or estate, trust or charitable
         organization entitled under Article 5 to receive the death benefit
         payable under this Plan.

2.4      BOARD means Bancorp's Board of Directors.

2.5      CHANGE IN CONTROL AGREEMENT means the "Change In Control Agreement"
         effective January 1, 2004, between the Executive and the Company.

2.6      COMPENSATION COMMITTEE means the Compensation and Personnel Committee
         of Bancorp's Board.

2.7      DISABILITY means that either the carrier of any Company-provided
         individual or group long-term disability insurance policy covering the
         Executive or the Social Security Administration has determined that the
         Executive is disabled. Upon the request of the Compensation Committee,
         the Executive will submit proof of the carrier's or the Social Security
         Administration's determination.

2.8      EARLY INVOLUNTARY TERMINATION means that the Company has terminated the
         Executive's employment before Normal Retirement Age for any reason
         other than:

         (a)      Termination for Cause;

         (b)      Disability; or

         (c)      A Termination Event.

2.9      EARLY VOLUNTARY TERMINATION means that before Normal Retirement Age,
         the Executive has voluntarily terminated Executive's employment with
         the Company for reasons other than:

         (a)      Disability; or

         (b)      A Termination Event.

2.10     EFFECTIVE DATE means the date first stated above (immediately below the
         title of this Plan).

2.11     NORMAL RETIREMENT AGE means age 64.

2.12     NORMAL RETIREMENT DATE means the later of Normal Retirement Age or
         Termination of Employment.

2.13     PLAN YEAR means the calendar year, except for the first Plan Year which
         is a short year beginning August 1, 2003, and ending December 31, 2003.

<PAGE>

2.14     ROE means, for any given Plan Year, the greater of:

         (a)      Bancorp's return on equity, which shall be determined under
                  GAAP and expressed as a percentage calculated by dividing its:

                  (1)      Annual net income before common stock dividends are
                           paid; by

                  (2)      Average annual common shareholder equity; or

         (b)      Bancorp's adjusted return on equity which shall be determined
                  by calculating the percentage under subsection (a) above on an
                  adjusted basis to address the effects of items that are
                  required to be included or excluded by GAAP for that Plan
                  Year, but would normally not be included or excluded from
                  Bancorp's net income or shareholder equity.

2.15     TERMINATION EVENT means the termination of the Executive's employment
         under circumstances that entitle the Executive to benefits under the
         Change In Control Agreement.

2.16     TERMINATION FOR CAUSE OR TERMINATED FOR CAUSE means that the Company
         has terminated the Executive's employment for "cause" as defined in the
         Change In Control Agreement.

2.17     TERMINATION OF EMPLOYMENT means that the Executive's employment with
         the Company has terminated for any reason, voluntary or involuntary.

2.18     YEAR OF SERVICE means a Plan Year in which:

         (a)      The Company achieved an ROE of not less than ten percent
                  (10%); and

         (b)      The Executive is actively at work with the Company or on a
                  Company-approved leave of absence at the end of that year.

                                    ARTICLE 3
                            BENEFITS DURING LIFETIME

3.1      NORMAL RETIREMENT BENEFIT. Upon Termination of Employment on or after
         Normal Retirement Age for reasons other than death, the Company shall
         pay the following benefit to the Executive:

         (a)      AMOUNT OF BENEFIT. Subject to adjustment under subsection (c)
                  below and forfeiture under Article 7, the Normal Retirement
                  Benefit is the annual "Benefit Level" installment as shown in
                  Column (1) of Schedule A to this SERP.

<PAGE>

         (b)      PAYMENT SCHEDULE. The Normal Retirement Benefit is payable
                  monthly for a period of fifteen (15) years beginning on the
                  first day of the month on or after the Executive's Normal
                  Retirement Date.

         (c)      BENEFIT INCREASES.

                  (1)      As of each anniversary of the Effective Date, the
                           Compensation Committee, in its sole discretion, may
                           increase the Normal Retirement Benefit by increasing:

                           (A)      The amount of the scheduled installment
                                    payments;

                           (B)      The length of the payment schedule; or

                           (C)      Both the amount and the length of the
                                    installment payments.

                  (2)      If the Normal Retirement Benefit is increased,
                           Schedule A to this SERP shall be revised, including
                           adjusting the other scheduled benefit payments
                           accordingly.

3.2      EARLY VOLUNTARY TERMINATION BENEFIT. Upon an Early Voluntary
         Termination, the Company shall pay the following benefit to the
         Executive:

         (a)      AMOUNT OF BENEFIT. Subject to adjustments under subsection (d)
                  below and forfeiture under Article 7, the Early Voluntary
                  Termination Benefit is the annual installment payment under a
                  deferred 15-year term certain fixed annuity calculated as
                  follows:

                  (1)      The present value of the annuity is the vested
                           Adjusted Accrual Balance (with vesting determined
                           under subsection (e) below);

                  (2)      The annuity starting date is the first day of the
                           month on or after Normal Retirement Age; and

                  (3)      Interest is credited at an annual rate of six percent
                           (6%) compounded monthly during both the period from
                           the Termination of Employment to the annuity starting
                           date and the 15-year payout period.

         (b)      PAYMENT SCHEDULE. Unless a lump-sum payment is made under
                  subsection (c) below, the Company shall pay the Early
                  Voluntary Termination Benefit under the same payment schedule
                  as the Normal Retirement Benefit (see Section 3.1(b)).

         (c)      ALTERNATIVE LUMP-SUM PAYMENT. Instead of the installment
                  payments under subsection (b) above, the Compensation
                  Committee, in its sole discretion, may elect, either upon a
                  request by the Executive or upon its own motion, to pay the
                  Early Voluntary Termination Benefit in a lump-sum payment as
                  follows:
<PAGE>

                  (1)      The payment amount shall equal the Executive's vested
                           Adjusted Accrual Balance together with interest
                           credited at the annual rate of six percent (6%)
                           compounded monthly until paid under paragraph (2)
                           below.

                  (2)      The lump-sum payment will be paid to the Executive at
                           either:

                           (A)      Normal Retirement Age; or

                           (B)      Such earlier date as the Compensation
                                    Committee, in its sole discretion, may
                                    elect.

         (d)      BENEFIT INCREASES. The Early Voluntary Termination Benefit may
                  be increased as follows:

                  (1)      The amount of the benefit will be adjusted for any
                           increases in the Normal Retirement Benefit granted
                           under Section 3.1(c)(1).

                  (2)      In its sole discretion, the Compensation Committee
                           may, from time to time as of any anniversary of the
                           Effective Date, separately increase the amount of the
                           Early Voluntary Termination Benefit without
                           increasing the Normal Retirement Benefit.

                  (3)      If the Early Voluntary Termination Benefit is
                           adjusted or increased, Schedule A to this SERP shall
                           be revised accordingly.

         (e)      VESTING. The vested portion of the Executive's Adjusted
                  Accrual Balance will be determined as follows:

                  (1)      The Executive will be seventy percent (70%) vested
                           immediately upon the Effective Date. Beginning with
                           the Plan Year commencing January 1, 2004, the
                           Executive will receive an additional ten percent
                           (10%) vesting for each Year of Service until the
                           Executive is one hundred percent (100%) vested after
                           completing three (3) Years of Service.

                  (2)      In its sole discretion, the Compensation Committee
                           may at any time and from time to time increase the
                           Executive's vested percentage (including granting
                           full vesting).

3.3      EARLY INVOLUNTARY TERMINATION BENEFIT. Upon an Early Involuntary
         Termination, the Company shall pay the following benefit to the
         Executive:

         (a)      AMOUNT OF BENEFIT. Subject to adjustments under subsection (d)
                  below, immediate full vesting under subsection (e) below and
                  forfeiture under Article 7, the Early Involuntary Termination
                  Benefit is the annual installment payment determined in the
                  same manner as the Early Voluntary Termination Benefit under
                  Section 3.2(a).
<PAGE>

         (b)      PAYMENT SCHEDULE. Unless a lump-sum payment is made under
                  subsection (c) below, the Company shall pay the Early
                  Involuntary Termination Benefit under the same payment
                  schedule as the Normal Retirement Benefit (see Section
                  3.1(b)).

         (c)      ALTERNATIVE LUMP-SUM PAYMENT. Instead of the installment
                  payments under subsection (b) above, the Compensation
                  Committee, in its sole discretion, may elect, either upon a
                  request by the Executive or upon its own motion, to pay the
                  Early Involuntary Termination Benefit in a lump-sum payment
                  under the same terms and conditions that apply to a lump-sum
                  payment of the Early Voluntary Termination Benefit (see
                  Section 3.2(c)).

         (d)      BENEFIT INCREASES. The Early Involuntary Termination Benefit
                  may be separately increased under the same terms and
                  conditions that apply to increases in the Early Voluntary
                  Termination Benefit (see Section 3.2(d)).

         (e)      VESTING. For purposes of this section, the Executive is
                  immediately one hundred percent (100%) vested upon the
                  Effective Date.

3.4      DISABILITY BENEFIT. Upon Termination of Employment before Normal
         Retirement Age due to Disability, the Company shall pay the following
         benefit to the Executive:

         (a)      AMOUNT OF BENEFIT. Subject to adjustments under subsection (d)
                  below, immediate full vesting under subsection (e) below and
                  forfeiture under Article 7, the Disability Benefit is the
                  annual installment payment determined in the same manner as
                  for the Early Voluntary Termination Benefit (see Section
                  3.2(a)).

         (b)      PAYMENT SCHEDULE. Unless a lump-sum payment is made under
                  subsection (c) below, the Company shall pay the Disability
                  Benefit under the same payment schedule as the Normal
                  Retirement Benefit (see Section 3.1(b)).

         (c)      ALTERNATIVE LUMP-SUM PAYMENT. Instead of the installment
                  payments under subsection (b) above, the Compensation
                  Committee, in its sole discretion, may elect, either upon a
                  request by the Executive or upon its own motion, to pay the
                  Disability Benefit in a lump-sum payment under the same terms
                  and conditions that apply to a lump-sum payment of the Early
                  Voluntary Termination Benefit (see Section 3.2(c)).

         (d)      BENEFIT INCREASES. The Disability Benefit may be increased
                  under the same terms and conditions that apply to increases in
                  the Early Voluntary Termination Benefit (see Section 3.2(d)).

         (e)      VESTING. For purposes of this section, the Executive is
                  immediately one hundred percent (100%) vested upon the
                  Effective Date.

<PAGE>

3.5      CHANGE IN CONTROL BENEFIT. If the Executive becomes entitled to
         benefits under the Change in Control Agreement, the Company will pay
         the following benefit to the Executive:

         (a)      AMOUNT OF BENEFIT. Subject to adjustments under subsection (d)
                  below and forfeiture under Article 7, the Change In Control
                  Benefit is the annual "Change of Control Installment" set
                  forth in Column (10) of Schedule A to this SERP.

         (b)      PAYMENT SCHEDULE. Unless a lump-sum payment is made under
                  subsection (c) below, the Change In Control benefit is payable
                  in the same manner as the Normal Retirement Benefit (see
                  Section 3.1(b)).

         (c)      ALTERNATIVE LUMP-SUM PAYMENT. Instead of the installment
                  payments under subsection (b) above, the Compensation
                  Committee, in its sole discretion, may elect, either upon a
                  request by the Executive or upon its own motion, to pay the
                  Change In Control Benefit in a lump-sum payment as follows:

                  (1)      The payment will be equal to the present value of the
                           Normal Retirement Benefit as of the date of the
                           Executive's Termination of Employment. The present
                           value will be determined using an annual rate of six
                           percent (6%) interest compounded monthly.

                  (2)      The lump-sum payment will be paid to the Executive
                           within sixty (60) days following the Executive's
                           Termination of Employment.

         (d)      BENEFIT INCREASES. The Change in Control Benefit may be
                  increased in the same manner as the Normal Retirement Benefit
                  (see Section 3.1(c)).

         (e)      VESTING. For purposes of this section, the Executive is
                  immediately one hundred percent (100%) vested upon the
                  Effective Date.

                                    ARTICLE 4
                                 DEATH BENEFITS

4.1      PRE-RETIREMENT DEATH BENEFIT. If the Executive dies before a
         Termination of Employment and before attaining Normal Retirement Age,
         the Company will pay the following benefit to the Executive's
         Beneficiary:

         (a)      AMOUNT OF BENEFIT. The Pre-Retirement Death Benefit is the
                  annual "Pre-Retirement Death Benefit Installment" as shown in
                  Column (11) of Schedule A to this SERP.

         (b)      PAYMENT OF BENEFIT. Unless a lump-sum payment is made under
                  subsection (c) below, the Pre-Retirement Death Benefit is
                  payable monthly for a period of fifteen (15) years beginning
                  on the first day of the month following the Executive's death.

<PAGE>

         (c)      ALTERNATIVE LUMP-SUM PAYMENT. Instead of the installment
                  payments under subsection (b) above, the Compensation
                  Committee, in its sole discretion, may elect, either upon a
                  request by the Beneficiary or upon its own motion, to pay the
                  Pre-Retirement Death Benefit in a lump-sum payment as follows:

                  (1)      The payment will be equal to the Normal Retirement
                           Age Accrual Balance.

                  (2)      The lump-sum payment will be paid to the Beneficiary
                           by the earlier of the following dates:

                           (A)      Sixty (60) days after the lump-sum payment
                                    is requested by the Beneficiary; or

                           (B)      Such other date as elected by the
                                    Compensation Committee in its sole
                                    discretion.

4.2      DEATH DURING PAYMENT OF A BENEFIT. If the Executive dies after any
         benefit payments have commenced under Article 3, the Company shall pay
         the remaining benefits to the Executive's Beneficiary either:

         (a)      At the same time and in the same amounts they would have been
                  paid to the Executive had the Executive survived; or

         (b)      In the Committee's sole discretion, upon a request by the
                  Beneficiary or upon its own motion, in a lump-sum payment. The
                  amount of the lump-sum payment shall be determined under the
                  provisions for calculating the alternative lump-sum payment
                  for the particular type of benefit the Executive was
                  receiving. If the Executive was receiving the Normal
                  Retirement Benefit, the lump sum payment shall be the lump sum
                  present value of the remaining payments as of the date of
                  payment, determined using an annual rate of six percent (6%)
                  interest compounded monthly.

4.3      DEATH BEFORE PAYMENTS COMMENCE. If the Executive is entitled to a
         benefit under Article 3, but dies before benefit payments begin, the
         Company shall pay the Executive's Beneficiary either:

         (a)      The same benefit payments that the Executive was entitled to
                  at the date of the Executive's death, except that the benefit
                  payments shall commence as of the first day of the month
                  following the Executive's death; or

         (b)      The lump sum equivalent of those benefits as determined under
                  Section 4.2(b).

<PAGE>

                                    ARTICLE 5
                                  BENEFICIARIES

5.1      DESIGNATION OF BENEFICIARY. The Executive may designate the Beneficiary
         or Beneficiaries (who may be designated concurrently or contingently)
         to receive the death benefit under the Plan under the following terms
         and conditions:

         (a)      The beneficiary designation must be in a form satisfactory to
                  the Compensation Committee and must be signed by the
                  Executive.

         (b)      A beneficiary designation shall be effective upon receipt by
                  the Compensation Committee or its designee, provided it is
                  received before the Executive's death.

         (c)      The Executive may revoke a previous beneficiary designation
                  without the consent of the previously designated Beneficiary.
                  This revocation is made by filing a new beneficiary
                  designation form with the Compensation Committee or its
                  designee, and shall be effective upon receipt.

5.2      DIVORCE. A divorce will automatically revoke the portion of a
         beneficiary designation designating the former spouse as a Beneficiary.
         The former spouse will be a Beneficiary under this SERP only if a new
         beneficiary designation is filed after the date the dissolution decree
         is entered.

5.3      DISCLAIMERS. If a Beneficiary disclaims a death benefit, the benefit
         will be paid as if the Beneficiary had predeceased the Executive.

5.4      DEATH OF BENEFICIARY. If a Beneficiary who is in pay status dies before
         full distribution is made to the Beneficiary, the unpaid balance of the
         distribution will be paid to the Beneficiary's estate.

5.5      DEFAULT BENEFICIARY. If, at the time of the Executive's death, the
         Executive has failed to designate a Beneficiary, the Executive's
         beneficiary designation has become completely invalid under the
         provisions of this Article or there is no surviving Beneficiary,
         payment of the death benefit will be made in the following order of
         priority:

         (a)      To the Executive's spouse, if living;

         (b)      To the Executive's surviving children, in equal shares; or

         (c)      To the Executive's estate.

<PAGE>

                                    ARTICLE 6
                                 ACCRUAL BALANCE

6.1      COMPENSATION LIABILITY. The Accrual Balance shall be equal to the
         financial statement compensation liability accrued by the Company
         (under Section 6.2) as of any applicable determination date (as defined
         in Section 6.3) for its payment obligation under this SERP.

6.2      ACCRUAL CALCULATION.  The value of the Accrual Balance shall:

         (a)      Be determined using Generally Accepted Accounting Principles
                  applying APB 12 as amended by FAS 106; and

         (b)      Equal the sum of the:

                  (1)      Principal accrual (service cost); plus

                  (2)      Interest accrual at six percent (6%) interest.

6.3      DETERMINATION DATES. The Accrual Balance shall be determined as of the
         last day of the month.

6.4      YEAR-END VALUES. The year-end values and Normal Retirement Age value of
         the Accrual Balance are listed in Column (2) of Schedule A to this
         SERP.

6.5      REPORTING. The Compensation Committee will report the Accrual Balance
         to the Executive at least annually and within a reasonable period of
         time not to exceed 30 days after the date of the Termination of
         Employment if the Executive is to be paid the Early Voluntary
         Termination, Early Involuntary Termination or Disability Benefit.

                                    ARTICLE 7
                                   FORFEITURE

7.1      GROUNDS FOR FORFEITURE.

         (a)      The Executive will forfeit any benefits payable under this
                  Plan upon a Termination for Cause.

         (b)      The Company shall not pay the Pre-Retirement Death
                  Benefit under Section 4.1 under the Plan if the Executive:

                  (1)      Commits suicide within two years after the Effective
                           Date; or

                  (2)      Dies within two years after the Effective Date and
                           has made any material misstatement of fact on any
                           application for life insurance that may be used by
                           the Company to finance its obligations under the
                           Plan.

         (c)      The Executive will forfeit the balance of any remaining unpaid
                  benefits under this Plan if the Executive violates the
                  noncompetition restrictions of Section 7.2.

<PAGE>

7.2      NONCOMPETITION RESTRICTIONS.

         (a)      DEFINITIONS. For purposes of this section, the following terms
                  have the meanings stated below:

                  (1)      "BANKING INSTITUTION" means any state or national
                           bank, state or federal savings and loan association,
                           mutual savings bank or state or federal credit union.

                  (2)      "COMPETING ACTIVITIES" mean any activities that are
                           competitive with the business activities of Bancorp,
                           the Bank or any of their subsidiaries as conducted at
                           the commencement of, or during the term of, the
                           restricted period.

                  (3)      "FINANCIAL INSTITUTION" means any banking institution
                           (as defined in paragraph (1) above), trust company or
                           mortgage company regardless of:

                           (A)      Its legal form of organization; or

                           (B)      Whether it is in existence or is in
                                    formation.

                  (4)      "RESTRICTED AREA" means any county in Oregon or
                           Washington in which Bancorp, the Bank or any of their
                           subsidiaries either:

                           (A)      Has a branch or other office at the
                                    commencement of the restricted period; or

                           (B)      Has decided to open a branch or other office
                                    during the restricted period, provided that
                                    fact has been communicated to the Executive
                                    before the Executive's Termination of
                                    Employment.

                  (5)      "RESTRICTED PERIOD" means a period of:

                           (A)      24 months from the date of the Executive's
                                    Termination of Employment; or

                           (B)      36 months from the date of the Executive's
                                    Termination Event if the Change in Control
                                    Benefit under Section 3.5 is payable.

                  (6)      "SUBSIDIARIES" mean any current or future subsidiary
                           of Bancorp or the Bank, regardless of whether it is
                           one hundred percent (100%) owned by Bancorp or the
                           Bank.

         (b)      RESTRICTIONS. The Executive agrees that, during the restricted
                  period, the Executive will not, directly or indirectly:

<PAGE>

                  (1)      Except as provided in subsection (c)(1) below, be
                           employed by or provide services to any financial
                           institution that engages in competing activities in
                           the restricted area, whether as an employee, officer,
                           director, agent, consultant, promoter or in any
                           similar position, function or title;

                  (2)      Have any ownership or financial interest in any
                           financial institution that engages in competing
                           activities in the restricted area that violates the
                           Company's then current published ethical standards on
                           ownership interests in competing businesses;

                  (3)      Induce any employee of Bancorp, the Bank or their
                           subsidiaries to terminate their employment with
                           Bancorp, the Bank or their subsidiaries;

                  (4)      Hire or assist in the hiring of any employee of
                           Bancorp, the Bank or their subsidiaries for or by any
                           financial institution that is not affiliated with
                           Bancorp, the Bank or their subsidiaries; or

                  (5)      Induce any person or entity (other than the
                           Executive's relatives or entities controlled by them)
                           to terminate or curtail its business or contractual
                           relationships with the Bank, Bancorp or their
                           subsidiaries.

         (c)      EXCEPTIONS. Regardless of the restriction in subsection (b)(1)
                  above, the Executive may be employed outside the restricted
                  area as an employee, officer, agent, consultant or promoter of
                  a financial institution that engages in competing activities
                  in the restricted area, provided the Executive will not:

                  (1)      Act within the restricted area as an employee or
                           other representative or agent of that financial
                           institution;

                  (2)      Have any responsibilities for that financial
                           institution's operations within the restricted area;
                           or

                  (3)      Directly or indirectly violate the restrictions of
                           subsection (b)(3), (4) and (5) above.

         (d)      FORFEITURE. If the Executive breaches the restrictions under
                  subsection (b) above, Executive will:

                  (1)      Forfeit any benefits payable under this Plan that
                           were unpaid as of the date of the breach; and

                  (2)      Promptly repay the Company, upon demand, any payments
                           made after the date of the breach. If the Executive
                           does not repay that amount within 15 days after the
                           date of the demand, the Executive will also pay
                           interest on that amount at the rate of nine percent
                           (9%) per annum.

<PAGE>

                                    ARTICLE 8
                          CLAIMS AND APPEALS PROCEDURE

8.1      CLAIMS PROCEDURE.

         (a)      ROUTINE PAYMENTS. The Compensation Committee may authorize
                  distribution of payments to the Executive or the Executive's
                  Beneficiary even though a formal claim has not been filed.

         (b)      FORMAL CLAIMS.

                  (1)      MANDATORY PROCEDURE. Any claim that the Executive or
                           a Beneficiary or anyone claiming on behalf of or
                           through the Executive or a Beneficiary may make under
                           ERISA or under any other applicable federal or state
                           law must first be brought as a formal claim under
                           this section. If that claim is denied, it will be
                           subject to the claims appeal procedures of Section
                           8.2.

                  (2)      FORM AND CONTENT OF CLAIM. The claim shall be in any
                           form reasonably acceptable to the Compensation
                           Committee and must state the basis of the claim and
                           also authorize the Compensation Committee and its
                           designees to conduct any examinations necessary to
                           determine the validity of the claim and take any
                           steps necessary to facilitate the benefit payment.

                  (3)      SUBMISSIONS BY CLAIMANT. The claimant shall file the
                           claim with the Executive Vice-President, Human
                           Resources. The claimant may also submit written
                           comments, documents, records and other information
                           relating to the claim.

                  (4)      ACCESS TO INFORMATION. The claimant will be provided,
                           upon request and free of charge, reasonable access
                           to, and copies of, all nonconfidential or
                           nonprivileged Company documents, records and other
                           information relevant to the claim.

                  (5)      AUTHORIZED REPRESENTATIVE. The claimant may be
                           represented by an individual authorized to act on
                           behalf of the claimant. A representative's
                           authorization to act on behalf of the claimant must
                           be established to the Compensation Committee's
                           reasonable satisfaction.

                  (6)      REVIEW AND RECOMMENDATION. The claim shall be
                           reviewed by the Company's Chief Executive Officer and
                           the Executive Vice-President, Human Resources, who
                           shall make their recommendation to the Compensation
                           Committee.

<PAGE>

         (c)      TIMELINE. The Compensation Committee shall make a
                  determination on the claim within 90 days after the date the
                  claimant filed it with the Executive Vice-President, Human
                  Resources. If more time is required for a special case, the
                  Compensation Committee may take up to an additional 90 days to
                  render a determination, but the claimant must be notified of
                  the need for the extension of time within the initial 90-day
                  period. This notification will explain the special
                  circumstances requiring the extension of time as well as the
                  date by which a determination is expected.

         (d)      EXPLANATION OF DENIAL. If a claim is wholly or partially
                  denied, the Compensation Committee shall provide the claimant
                  with a notice of the decision, written in a manner calculated
                  to be understood by the claimant, containing the following
                  information:

                  (1)      The specific reason or reasons for the denial and a
                           discussion of why the specific reason or reasons
                           apply.

                  (2)      References to the specific provisions of this Plan
                           upon which the denial was based.

                  (3)      A description of any additional material or
                           information necessary for the claimant to perfect the
                           claim.

                  (4)      An explanation of the claims appeal procedures under
                           this Plan.

         (e)      DEEMED DENIAL. If a determination is not furnished to the
                  claimant within 90 days of the date the claim was filed--or
                  180 days if it is a special case--the claim shall be deemed to
                  be denied.

         (f)      APPEAL OF DENIAL. If the claimant disagrees with the denial,
                  the claimant's sole remedy shall be to proceed with the claims
                  appeal procedure under Section 8.2.

8.2      CLAIMS APPEAL PROCEDURES.

         (a)      WRITTEN REQUEST. If a claim is denied in whole or in part, the
                  claimant or the claimant's authorized representative may
                  submit a written request for a review of the denial, including
                  a statement of the reasons for the review.

         (b)      DEADLINE. This request must be filed with the Compensation
                  Committee within 60 days after the claimant receives notice of
                  the denial. This time limit may be extended by the
                  Compensation Committee if an extension appears to be
                  reasonable in view of the nature of the claim and the
                  pertinent circumstances.

<PAGE>

         (c)      CONDUCT OF APPEAL. Upon receipt of such a request, the
                  Compensation Committee shall afford the claimant an
                  opportunity to review relevant documents and to submit issues
                  and comments in writing. The Compensation Committee may hold a
                  hearing or conduct an independent investigation. The
                  Compensation Committee will consider all of the claimant's
                  submissions, regardless of whether they were submitted or
                  considered in the initial determination of the claim.

         (d)      TIMELINE. A decision on the review shall be rendered by the
                  Compensation Committee not later than 60 days after receipt of
                  the claimant's request for the review. If more time is
                  required for a special case, the Compensation Committee may
                  take up to an additional 60 days to render a decision, but the
                  claimant must be notified of the need for the extension of
                  time within the initial 60-day period. This notification shall
                  explain the special circumstances (such as the need to hold a
                  hearing) which require the extension of time.

         (e)      DECISION ON APPEAL. The decision shall be written in a manner
                  calculated to be understood by the claimant and shall include:

                  (1)      Specific reasons for the decision;

                  (2)      Specific references to the provisions of this Plan on
                           which the decision is based;

                  (3)      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

                  (4)      A statement of the claimant's right to bring a civil
                           action under ERISA Section 502(a), to the extent such
                           an action is not preempted by the mandatory
                           arbitration provision of Section 10.10.

         (f)      DEEMED DENIAL. If the determination on the appeal is not
                  furnished to the claimant within 60 days--or 120 days if it is
                  a special case--the appeal shall be deemed to be denied.

         (g)      EXHAUSTION OF APPEAL PROCESS REQUIRED. A claimant whose claim
                  has been denied is required to exhaust the claims appeal
                  procedures set forth in this section before commencing any
                  arbitration or legal action.

<PAGE>

8.3      DISCRETIONARY AUTHORITY; STANDARDS OF PROOF AND REVIEW; RECORD ON
         REVIEW.

         (a)      The Compensation Committee is the "named fiduciary" for
                  purposes of ERISA. This Plan confers full discretionary
                  authority on the Compensation Committee with regard to the
                  administration of this Plan, including the discretion to:

                  (1)      Make findings of fact and determine the sufficiency
                           of the evidence presented regarding a claim; and

                  (2)      Interpret and construe the provisions of this Plan
                           and related administrative documents, if any,
                           (including words and phrases that are not defined in
                           this Plan or those documents) and correct any defect,
                           supply any omission or reconcile any ambiguity or
                           inconsistency.

         (b)      A decision by the Compensation Committee is required to be
                  supported by substantial evidence only. That is, proof by a
                  preponderance of the evidence, clear and convincing evidence
                  or beyond a reasonable doubt is not required.

         (c)      A court of law or arbitrator reviewing any decision of the
                  Compensation Committee, including those relating to the
                  interpretation of this Plan or a claim for benefits under this
                  Plan, shall be required to use the arbitrary and capricious
                  standard of review. That is, the Compensation Committee's
                  determination may be reversed only if it was made in bad
                  faith, is not supported by substantial evidence or is
                  erroneous as to a question of law.

         (d)      In conducting its review of the Compensation Committee's
                  decision, a court or arbitrator shall be limited to the record
                  of documents, testimony and facts presented to or actually
                  known to the Compensation Committee at the time the decision
                  was made.

                                    ARTICLE 9
                            AMENDMENT AND TERMINATION

9.1      BY MUTUAL AGREEMENT. Except as provided in Section 9.2, this Plan may
         be amended or terminated only by a written agreement signed by the
         Company and the Executive.

9.2      BY THE COMPANY.

         (a)      Subject to the restrictions in subparagraph (b) below, the
                  Company may unilaterally amend or terminate this Plan at any
                  time if in the opinion of the Company's counsel or
                  accountants, as a result of legislative, judicial or
                  regulatory action, continuation of the Plan would:

                  (1)      Cause benefits to be taxable to the Executive before
                           their actual receipt; or

<PAGE>

                  (2)      Result in material financial penalties or other
                           materially detrimental ramifications to the Company
                           (other than the financial impact of paying the
                           benefits).

         (b)      Except as required by law, banking regulatory requirements or
                  financial accounting requirements, an amendment or termination
                  under subparagraph (a) above may not reduce:

                  (1)      The vested percentage of the Executive's Adjusted
                           Accrual Balance;

                  (2)      The amount of the Executive's vested Adjusted Accrual
                           Balance as determined as of the later of:

                           (A)      The effective date of the amendment or
                                    termination; or

                           (B)      The date it is adopted or approved; or

                  (3)      The amount of the benefit payments that are being
                           made if the Executive's benefits were in pay status
                           as of the earlier of:

                           (A)      The effective date of the amendment or
                                    termination; or

                           (B)      The date it is adopted or approved.

         (c)      Except as required by law, banking regulatory requirements or
                  financial accounting requirements, upon the termination of
                  this Plan under subsection (a) above:

                  (1)      The Executive's Adjusted Accrual Balance and vesting
                           credit will be frozen as of the later of:

                           (A)      The effective date of the amendment or
                                    termination; or

                           (B)      The date it is adopted or approved; or

                  (2)      Interest will be credited on the Executive's frozen
                           vested Accrual Balance at an annual rate of six
                           percent (6%) compounded monthly; and

                  (3)      The Company may either:

                           (A)      Hold and disburse the Executive's frozen
                                    vested Accrual Balance (as adjusted under
                                    paragraph (2) above) in accordance with the
                                    otherwise applicable terms and conditions of
                                    this Plan; or

                           (B)      Disburse that amount in a lump sum at such
                                    earlier date as the Company, in its sole
                                    discretion, may elect.

<PAGE>

                                   ARTICLE 10
                               GENERAL PROVISIONS

10.1     ADMINISTRATION. The Compensation Committee shall have all powers
         necessary or desirable to administer this Plan, including but not
         limited to:

         (a)      Establishing and revising the method of accounting for the
                  Plan;

         (b)      Maintaining a record of benefit payments;

         (c)      Establishing rules and prescribing any forms necessary or
                  desirable to administer the Plan;

         (d)      Interpreting the provisions of the Plan; and

         (e)      Delegating to others certain aspects of the Compensation
                  Committee's managerial and operational responsibilities,
                  including employing advisors and delegating ministerial
                  duties.

10.2     RECEIPT AND RELEASE FOR PAYMENTS.

         (a)      The Compensation Committee may require the recipient of a
                  payment, as a condition precedent to the payment, to execute a
                  receipt and, in the case of a payment in full, a release for
                  the payment. The receipt and the release shall be in a form
                  satisfactory to the Compensation Committee.

         (b)      Payment may be made by a deposit to the credit of the
                  Executive or a Beneficiary, as applicable, in any bank or
                  trust company.

         (c)      Payment may be made to the individual or institution
                  maintaining or having custody of the Executive or Beneficiary,
                  as applicable, if the Compensation Committee receives
                  satisfactory evidence that--

                  (1)      A person entitled to receive any benefit under this
                           Plan is, at the time the benefit is payable,
                           physically, mentally or legally incompetent to
                           receive payment and provides a valid receipt for it;

                  (2)      An individual or institution is maintaining or has
                           custody of that person; and

                  (3)      No guardian, custodian or other representative of the
                           estate of that person has been appointed.

         (d)      The receipt of the recipient or a canceled check shall be a
                  sufficient voucher for the Company. The Company is not
                  required to obtain from the recipient an accounting for the
                  payment.

         (e)      If a dispute arises over a distribution, payment may be
                  withheld until the dispute is determined by a court of
                  competent jurisdiction or settled, to the satisfaction of
<PAGE>

                  the Compensation Committee, by the parties concerned. The
                  Compensation Committee may require a hold harmless agreement
                  on behalf of the Company and the Plan before making payment.

10.3     OTHER COMPENSATION AND TERMS OF EMPLOYMENT. This Plan is not an express
         or implied employment agreement. Accordingly, other than providing for
         certain benefits payable upon a Termination of Employment, this Plan
         will not affect the determination of any compensation payable by the
         Company to the Executive, nor will it affect the other terms of the
         Executive's employment with the Company. The specific arrangements
         referred to in this Plan are not intended to exclude or circumvent any
         other benefits that may be available to the Executive under the
         Company's employee benefit or other applicable plans, upon the
         Executive's Termination of Employment.

10.4     WITHHOLDING.

         (a)      INCOME TAX. Applicable federal, state and local income tax
                  withholding will be withheld from all payments made under this
                  Plan.

         (b)      FICA. To the extent allowable under applicable regulations:

                  (1)      The present value of the vested benefits under this
                           Plan will be taken into account as FICA wages in the
                           year they become vested;

                  (2)      Present value will be determined using reasonable
                           actuarial equivalency factors acceptable to the
                           Compensation Committee;

                  (3)      The employee portion of each year's FICA liability
                           will be deducted from the Executive's other cash
                           compensation for that year; and

                  (4)      FICA will not be deducted from any payments made
                           under this Plan.

10.5     UNFUNDED ARRANGEMENT.

         (a)      The Company's payment obligation under this Plan is purely
                  contractual and is not funded or secured in any manner by any
                  asset, pledge or encumbrance of the Company's property.

         (b)      This Plan is not intended to create, and should not be
                  construed as creating, any trust or trust fund. The benefits
                  accrued under this Plan and any assets acquired by the Company
                  to finance its payment obligations under this Plan shall not
                  be held in a trust (other than a grantor trust of the
                  Company), escrow or similar fiduciary capacity.

<PAGE>

         (c)      Any insurance policy on the Executive's life the Company may
                  acquire to assist it in financing its obligations under this
                  Plan is a general asset of the Company and neither the
                  Executive nor anyone else claiming on behalf of or through the
                  Executive shall have any right with respect to, or claim
                  against, that policy.

         (d)      The Executive and any Beneficiary are general unsecured
                  creditors of the Company with respect to the payment of the
                  benefits under this Plan.

10.6     BENEFITS NOT ASSIGNABLE. The accrued benefits under this Plan shall not
         be considered assets under state law or bankruptcy law of the Executive
         or of any Beneficiary. The Executive and any Beneficiary shall not have
         any right to alienate, anticipate, pledge, encumber or assign any of
         the benefits payable under this Plan. The Executive's or any
         Beneficiary's benefits shall not be subject to any claim of, or any
         attachment, garnishment or other legal process brought by, any of his
         or her creditors.

10.7     BINDING EFFECT. This Plan binds and inures to the benefit of the
         parties and their respective legal representatives, heirs, successors
         and assigns.

10.8     REORGANIZATION. The Company shall not merge or consolidate into or with
         another company, or reorganize, or sell substantially all of its assets
         to another company, firm, or person unless that succeeding or
         continuing company, firm or person agrees to assume and discharge the
         obligations of the Company under this Plan. Upon the occurrence of such
         an event, the term "Company" as used in this Plan shall be deemed to
         refer to the successor or survivor company.

10.9     APPLICABLE LAW.

         (a)      This Plan shall be construed and its validity determined
                  according to the laws of the State of Oregon, other than its
                  law regarding conflicts of law or choice of law, to the extent
                  not preempted by federal law.

         (b)      Any dispute arising out of this Plan must be brought in either
                  Clackamas County or Multnomah County, Oregon, and the parties
                  will submit to personal jurisdiction in either of those
                  counties.

10.10    ARBITRATION. Any dispute or claim arising out of or brought in
         connection with this Plan, will, if requested by any party, be
         submitted to and settled by arbitration under the rules then in effect
         of the American Arbitration Association (or under any other form of
         arbitration mutually acceptable to the parties involved). Any award
         rendered in arbitration will be final and will bind the parties, and a
         judgment on it may be entered in the highest court of the forum having
         jurisdiction. The arbitrator will render a written decision, naming the
         substantially prevailing party in the action, and, subject to Section
         10.11(b), will award that party all costs and expenses incurred,
         including reasonable attorneys' fees.

<PAGE>

10.11    ATTORNEYS' FEES.

         (a)      If any breach of or default under this Plan results in either
                  party incurring attorneys' or other fees, costs or expenses
                  (including those incurred in an arbitration), the
                  substantially prevailing party is entitled to recover from the
                  non-prevailing party its reasonable legal fees, costs and
                  expenses, including attorneys' fees and the costs of the
                  arbitration, except as provided in subsection (b) below.

         (b)      If the Executive is not the substantially prevailing party,
                  the Executive shall be liable to pay the Company under
                  subsection (a) above only if the arbitrator determines that:

                  (1)      There was no reasonable basis for the Executive's
                           claim (or the Executive's response to the Company's
                           claim); or

                  (2)      The Executive had engaged in unreasonable delay,
                           failed to comply with a discovery order or otherwise
                           acted in bad faith in the arbitration.

         (c)      Either party shall be entitled to recover any reasonable
                  attorneys' fees and other costs and expenses it incurs in
                  enforcing or collecting an arbitration award.

         (d)      If an award under this section is made to the Executive and
                  accountants or tax counsel selected by Company with the
                  Executive's consent (which shall not be unreasonably withheld)
                  determine that the award is includible in Executive's gross
                  income, the Company shall also pay the Executive a gross-up
                  payment to offset the taxes imposed on that award, including
                  the taxes on the gross-up payment itself. This gross-up
                  payment shall be determined following the methodology employed
                  in the Change in Control Agreement.

10.12    ENTIRE AGREEMENT. This Plan constitutes the entire agreement between
         the Company and the Executive as to its subject matter. No rights are
         granted to the Executive by virtue of this Plan other than those
         specifically set forth in this document and any amendments to it.

10.13    CONSTRUCTION. The language of this Plan was chosen jointly by the
         parties to express their mutual intent. No rule of construction based
         on which party drafted the Plan or certain of its provisions will be
         applied against any party.

10.14    SECTION HEADINGS. The section headings used in this Plan have been
         included for convenience of reference only.

10.15    COUNTERPARTS. This Plan may be executed in one or more counterparts,
         and all counterparts will be construed together as one Plan.

<PAGE>

10.16    SEVERABILITY. If any provision of this Plan is, to any extent, held to
         be invalid or unenforceable, it will be deemed amended as necessary to
         conform to the applicable laws or regulations. However, if it cannot be
         amended without materially altering the intentions of the parties, it
         will be deleted and the remainder of this Plan will be enforced to the
         extent permitted by law.

10.17    JOINT AND SEVERAL OBLIGATION. Bancorp and Bank will be jointly and
         severally liable for the payment obligations under this Agreement.

EXECUTIVE:                                  COMPANY:

                                            WEST COAST BANCORP

___________________________________         By:_________________________________
Robert D. Sznewajs
                                            Title ______________________________

Date:  ______________________________       Date:_______________________________

                                            WEST COAST BANK

                                            By: ________________________________

                                            Title: _____________________________

                                            Date: ______________________________

<PAGE>

CLARKCONSULTING(TM)                                          PLAN YEAR REPORTING

                    HYPOTHETICAL TERMINATION BENEFIT SCHEDULE

ROBERT SZNEWAJS

<TABLE>
<CAPTION>
DOB: 10/22/1946                                                  EARLY VOLUNTARY          EARLY INVOLUNTARY
Plan Anniv Date: 12/31/2003                                        TERMINATION               TERMINATION
Normal Retirement: 10/22/2008, Age 62                              Installment               Installment
Payments: Monthly Installments                                    Payable at 62             Payable at 62
--------------------------------------                         -------------------      ---------------------
                                        BENEFIT   ACCRUAL                  Based On                  Based On
                                         LEVEL    BALANCE      Vesting     Accrual      Vesting       Accrual
PERIOD               DISCOUNT           -------  ---------     -------     --------     -------      --------
ENDING                 RATE               (1)       (2)          (3)         (4)          (5)           (6)
------               --------           -------  ---------     -------     --------     -------      --------
<S>                  <C>                <C>      <C>           <C>         <C>          <C>          <C>
Dec 2003(1)             6%              105,000    108,725        70%        10,241       100%         14,630
Dec 2004                6%              105,000    380,998        80%        38,631       100%         48,289
Dec 2005                6%              105,000    670,065        90%        71,993       100%         79,992
Oct 2006                6%              105,000    924,528        90%        94,500       100%        105,000

                            Starting November 1, 2006, only interest is accrued.

Dec 2006                6%              105,000    933,796       100%       105,000       100%        105,000
Dec 2007                6%              105,000    991,390       100%       105,000       100%        105,000
Oct 2008                6%              105,000  1,042,090       100%       105,000       100%        105,000

                      October 22, 2008 Retirement; November 1, 2008 First Payment Date
</TABLE>

<TABLE>
<CAPTION>
DOB: 10/22/1946                                                                              PRE-RETIRE.
Plan Anniv Date: 12/31/2003                 DISABILITY              CHANGE OF CONTROL          DEATH
Normal Retirement: 10/22/2008, Age 62       Installment                Installment            BENEFIT
Payments: Monthly Installments             Payable at 62              Payable at 62         Installment
------------------------------------    -------------------        --------------------     ------------
                                                    Based On                   Based On       Based On
                                        Vesting     Accrual        Vesting     Benefit        Benefit
PERIOD               DISCOUNT           -------     --------       -------     --------       --------
ENDING                 RATE               (7)          (8)           (9)         (10)           (11)
--------             --------           -------     --------       -------     --------       --------
<S>                  <C>                <C>         <C>            <C>         <C>            <C>
Dec 2003(1)             6%                100%        14,630         100%       105,000        105,000
Dec 2004                6%                100%        48,289         100%       105,000        105,000
Dec 2005                6%                100%        79,992         100%       105,000        105,000
Oct 2006                6%                100%       105,000         100%       105,000        105,000

                         Starting November 1, 2006, only interest is accrued.

Dec 2006                6%                100%       105,000         100%       105,000        105,000
Dec 2007                6%                100%       105,000         100%       105,000        105,000
Oct 2008                6%                100%       105,000         100%       105,000        105,000

                   October 22, 2008 Retirement; November 1, 2008 First Payment Date
</TABLE>

 (1)The first line reflects 5 months of data, August 2003 to December 2003.

 *The purpose of this hypothetical illustration is to show the participant's
  annual benefit based on various termination assumptions. Actual benefits are
  based on the terms and provisions of the plan agreement executed between the
  company and participant and may differ from those shown.

 *IF THERE IS A CONFLICT IN ANY TERMS OR PROVISIONS BETWEEN THIS SCHEDULE A AND
  THE AGREEMENT, THE TERMS AND PROVISIONS OF THE AGREEMENT SHALL PREVAIL. IF A
  TRIGGERING EVENT OCCURS, REFER TO THE AGREEMENT TO DETERMINE THE ACTUAL
  BENEFIT AMOUNT BASED ON THE DATE OF THE EVENT.

<TABLE>
<S>                                                               <C>
Copyright (c) 2003 Clark Consulting.                              Securities offered through Clark Securities, Inc.,
Salary Continuation Plan for West Coast Bank - Lake Oswego, OR    a wholly owned subsidiary of Clark, Inc., member NASD & SIPC,
1001811  16948  137755  v5.31.04  12/18/2003:13 SCP-E  NB         Los Angeles, CA 90071, (213) 486-6300.
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]