Document:

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                                                                    EXHIBIT 10.4

                                [CITIZENS BANK]
                              EMPLOYMENT AGREEMENT

           THIS EMPLOYMENT AGREEMENT ("AGREEMENT"), signed as of April 20, 2006,
between _____________ ("CDC Bank") and __________ ("EXECUTIVE") and ratified by
GLACIER BANCORP, INC. ("GLACIER"), takes effect on the effective date of the
Holding Company Merger ("EFFECTIVE DATE") referenced below.

                                    RECITALS

A.    Glacier has entered into a Plan and Agreement of Merger ("MERGER
      AGREEMENT") with CITIZENS DEVELOPMENT COMPANY ("CDC"), the parent company
      of [CDC Bank] pursuant to which CDC will merge with and into a Montana
      corporation to be formed by Glacier ("HOLDINGS"), and [CDC Bank] will
      become a subsidiary of Holdings (the "HOLDING COMPANY MERGER"). The
      parties hereto anticipate that for an initial transition period following
      the Holding Company Merger (the "TRANSITION PERIOD"), [CDC Bank] will
      operate as a subsidiary of Holdings and, following the Transition Period,
      will merge with and into _________ ["GBCI Bank"] (the "BANK MERGER"). Upon
      consummation of the Bank Merger, the former [CDC Bank] offices will
      operate under the name ["CDC Bank"], a division of [GBCI Bank"].

B.    Executive presently serves as President of [CDC Bank] and will continue to
      do so until the Effective Date.

C.    The parties hereto desire Executive to be employed under the terms and
      conditions of this Agreement. For purposes of this Agreement, the term
      "EMPLOYER" means [CDC Bank] with respect to the Transition Period and
      First Security with respect to the remainder of the Term (defined below)
      following the Transition Period.

D.    This Agreement supersedes any and all other employment or similar
      agreements that may currently be in effect for Executive.

                                    AGREEMENT

      In consideration of the promises set forth in this Agreement, the parties
      agree as follows.

1.    EMPLOYMENT; TITLE. Employer agrees to employ Executive, and Executive
      accepts employment by Employer on the terms and conditions set forth in
      this Agreement. During the Transition Period, Executive's title will be
      "President" of [CDC Bank]. After the Transition Period, Executive will
      have such title(s) as determined by [GBCI Bank's] board of directors,
      taking into consideration the duties set forth in Section 3.

2.    TERM.

      (a)   Term. The term of this Agreement ("Term") is three years, beginning
            on the Effective Date.

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                                                                    EXHIBIT 10.4

      (b)   Abandonment or Termination of the Merger. This Agreement is void if
            the Merger Agreement is terminated for any reason.

3.    DUTIES.

      (a)   Transition Period. While employed as President of [CDC Bank],
            Executive will be responsible for total management and performance
            of [CDC Bank] and will faithfully and diligently perform the duties
            assigned to him, which duties will be consistent with his title and
            position. Executive will also be responsible for the integration of
            [CDC Bank's] operations with those of [GBCI Bank] in anticipation of
            the Bank Merger. While employed as President of [CDC Bank],
            Executive will report to [GBCI Bank's] Board of Directors.

      (b)   Post-Transition Period. Following the Bank Merger, [GBCI Bank] may,
            from time to time, modify Executive's performance responsibilities
            to accommodate management objectives of [GBCI Bank]. Following the
            Bank Merger, Executive will report to GBCI Bank's] President.
            Executive will assume any additional positions, duties, and
            responsibilities as may reasonably be requested of him with or
            without additional compensation, as appropriate and consistent with
            his title and position.

4.    EXTENT OF SERVICES. Executive will devote all of his working time,
      attention and skill to the duties and responsibilities referenced in
      Section 3. Executive may participate in other businesses as a passive
      investor if such participation does not interfere with his duties under
      Section 3, but (a) Executive may not actively participate in the operation
      or management of those businesses, and (b) Executive may not, without
      Employer's prior written consent, make or maintain any investment in a
      business with which Employer and/or Glacier has an existing competitive or
      commercial relationship.

5.    SALARY. Executive will receive an initial annual salary of $_________, to
      be paid in accordance with Employer's regular payroll schedule. Subsequent
      salary increases are subject to Employer's annual review of Executive's
      compensation and performance.

6.    INCENTIVE COMPENSATION. Executive will be eligible to receive bonuses
      under Glacier's bonus plan(s). In making bonus determinations, factors
      such as Executive's performance of his duties and the safety, soundness
      and profitability of Employer will be considered. Executive's bonus will
      reflect Executive's contribution to the performance of Employer during the
      year.

7.    VACATION AND BENEFITS.

      (a)   Vacation and Holidays. Executive will receive ____ weeks of paid
            vacation each year. Executive's ability to carry over or accumulate
            vacation will be governed by Employer's and/or Glacier's applicable
            policies.

      (b)   Benefits. Executive will be entitled to participate in any group
            life insurance, disability, health and accident insurance plans,
            profit sharing plan and in other employee fringe benefit programs
            that Employer or Glacier may have in effect

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                                                                    EXHIBIT 10.4

            from time to time for its similarly situated employees, in
            accordance with and subject to any policies adopted by Employer or
            Glacier's board of directors with respect to the plans or programs.
            Neither Employer nor Glacier through this Agreement obligates itself
            to make any particular benefits available to its employees.

      (c)   Business Expenses. Employer will reimburse Executive for ordinary
            and necessary expenses that are consistent with Employer's
            then-current practice (including, without limitation, travel,
            entertainment, and similar expenses) and that are incurred in
            performing and promoting Employer's business. Executive will present
            from time to time itemized accounts of these expenses, subject to
            any limits of Employer's policy or the rules and regulations of the
            Internal Revenue Service.

8.    TERMINATION OF EMPLOYMENT.

      (a)   Termination By Employer for Cause; Resignation without Good Reason.
            If, before this Agreement terminates, Employer terminates
            Executive's employment for Cause (defined below) or if Executive
            resigns without Good Reason (defined below), Employer will pay
            Executive the salary earned and expenses reimbursable under this
            Agreement incurred through the date of such termination or
            resignation. Executive will have no right to receive compensation or
            other benefits for any period thereafter under this Section 8(a).

      (b)   Termination By Employer without Cause; Resignation for Good Reason.
            If, before this Agreement terminates, Employer terminates
            Executive's employment without Cause, or Executive terminates his
            employment for Good Reason, then contingent upon Executive's
            execution of a release of any and all claims arising out of such
            termination or his employment, Employer will pay Executive a lump
            sum payment equal to _______ times Executive's monthly base salary
            at the time of termination.

      (c)   Death or Disability. This Agreement terminates (1) if Executive dies
            or (2) if Executive is unable to perform his duties and obligations
            under this Agreement for a period of 90 consecutive days as a result
            of a physical or mental disability arising at any time during the
            term of this Agreement, unless with reasonable accommodation
            Executive could continue to perform his duties under this Agreement
            and making these accommodations would not pose an undue hardship on
            Employer. If termination occurs under this Section 8(c), Executive
            or his estate will be entitled to receive all compensation and
            benefits earned and expenses reimbursable through the date
            Executive's employment terminated.

      (d)   Return of Employer Property. If and when Executive ceases, for any
            reason, to be employed by Employer, Executive must return to
            Employer all keys, pass cards, identification cards and any other
            property of Employer or Glacier. At the same time, Executive also
            must return to Employer all originals and copies (whether in hard
            copy, electronic or other form) of any documents, drawings, notes,

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                                                                    EXHIBIT 10.4

            memoranda, designs, devices, diskettes, tapes, manuals, and
            specifications which constitute proprietary information or material
            of Employer or Glacier. The obligations in this paragraph include
            the return of documents and other materials that may be in his desk
            at work, in his car, in place of residence, or in any other location
            under his control.

      (e)   Cause. "Cause" means any one or more of the following:

            (1)   Willful misfeasance or gross negligence in the performance of
                  Executive's duties;

            (2)   Conviction of a crime in connection with his duties; or

            (3)   Conduct demonstrably and significantly harmful to Employer, as
                  reasonably determined on the advice of legal counsel by
                  Employer's board of directors.

      (f)   Good Reason. "Good Reason" means either of the following:

            (1)   Reduction of Executive's salary or reduction or elimination of
                  any compensation or benefit plan benefiting Executive, unless
                  the reduction or elimination is generally applicable to
                  substantially all of Employer's employees (or employees of a
                  successor or controlling entity of Employer) formerly
                  benefited;

            (2)   A relocation or transfer of Executive's principal place of
                  employment that would require Executive to commute on a
                  regular basis more than ninety (90) miles each way from
                  CSB-Hamilton's present main office location.

9.    CONFIDENTIALITY. Executive will not, after the date this Agreement is
      signed, including during and after its Term, use for his own purposes or
      disclose to any other person or entity any confidential business
      information concerning Employer or Glacier or their business operations,
      unless (a) Employer or Glacier consents to the use or disclosure of its
      confidential information; (b) the use or disclosure is consistent with
      Executive's duties under this Agreement; (c) disclosure is required by law
      or court order; or (d) the information is made or otherwise becomes
      public. For purposes of this Agreement, confidential business information
      includes, without limitation, trade secrets, various confidential
      information concerning all aspects of current and future operations,
      nonpublic information on investment management practices, marketing plans,
      pricing structure and technology of either Employer or Glacier. Executive
      will also treat the terms of this Agreement as confidential business
      information.

10.   RESTRICTIVE COVENANTS.

      (a)   Competitive Activities. During the period of his employment and for
            one year after Executive's employment with Employer has ended,
            Executive will not, directly or indirectly, as a shareholder,
            director, officer, employee, partner, agent, consultant, lessor,
            creditor or otherwise, provide management, supervisory or

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                                                                    EXHIBIT 10.4

            other similar services to any person or entity engaged in any
            business within _________ County, Montana, that is competitive with
            the business of Employer or Glacier as conducted during the term of
            this Agreement or as conducted as of the date of termination of
            employment, including any preliminary steps associated with the
            formation of a new bank.

      (b)   Non-Interference. For so long as Executive is employed by Employer
            or Glacier and for one year following termination of Executive's
            employment, Executive will not, directly or indirectly, persuade or
            entice, or attempt to persuade or entice, (i) any employee of
            Employer or Glacier to terminate his/her employment with Employer or
            Glacier, or (ii) any person or entity to terminate, cancel, rescind
            or revoke its business or contractual relationships with Employer or
            Glacier.

11.   ENFORCEMENT.

      (a)   Employer and Executive stipulate that, in light of all of the facts
            and circumstances of the relationship between Executive and
            Employer, the agreements referred to in Sections 9 and 10 (including
            without limitation their scope, duration and geographic extent) are
            fair and reasonably necessary for the protection of Employer's and
            Glacier's confidential information, goodwill and other protectable
            interests. If a court of competent jurisdiction should decline to
            enforce any of those covenants and agreements, Executive and
            Employer request the court to reform these provisions to restrict
            Executive's use of confidential information and Executive's ability
            to compete with Employer and Glacier to the maximum extent, in time,
            scope of activities, and geography, the court finds enforceable.

      (b)   Executive acknowledges that Employer and Glacier will suffer
            immediate and irreparable harm that will not be compensable by
            damages alone if Executive repudiates or breaches any of the
            provisions of Sections 9 or 10 or threatens or attempts to do so.
            For this reason, under these circumstances, Employer, in addition to
            and without limitation of any other rights, remedies or damages
            available to it at law or in equity, will be entitled to obtain
            temporary, preliminary and permanent injunctions in order to prevent
            or restrain the breach, and Employer will not be required to post a
            bond as a condition for the granting of this relief.

12.   COVENANTS. Executive specifically acknowledges the receipt of adequate
      consideration for the covenants contained in Sections 9 and 10 and that
      Employer is entitled to require him to comply with these Sections. These
      Sections will survive termination of this Agreement. Executive represents
      that if his employment is terminated, whether voluntarily or
      involuntarily, Executive has experience and capabilities sufficient to
      enable Executive to obtain employment in areas which do not violate this
      Agreement and that Employer's enforcement of a remedy by way of injunction
      will not prevent Executive from earning a livelihood.

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                                                                    EXHIBIT 10.4

13.   ARBITRATION.

      (a)   Arbitration. At either party's request, the parties must submit any
            dispute, controversy or claim arising out of or in connection with,
            or relating to, this Agreement or any breach or alleged breach of
            this Agreement, to arbitration under the American Arbitration
            Association's rules then in effect (or under any other form of
            arbitration mutually acceptable to the parties). A single arbitrator
            agreed on by the parties will conduct the arbitration. If the
            parties cannot agree on a single arbitrator, each party must select
            one arbitrator and those two arbitrators will select a third
            arbitrator. This third arbitrator will hear the dispute. The
            arbitrator's decision is final (except as otherwise specifically
            provided by law) and binds the parties, and either party may request
            any court having jurisdiction to enter a judgment and to enforce the
            arbitrator's decision. The arbitrator will provide the parties with
            a written decision naming the substantially prevailing party in the
            action. This prevailing party is entitled to reimbursement from the
            other party for its costs and expenses, including reasonable
            attorneys' fees.

      (b)   Venue and Governing Law. All proceedings will be held at a place
            designated by the arbitrator in Missoula County, Montana. The
            arbitrator, in rendering a decision as to any state law claims, will
            apply Montana law.

      (c)   Exception to Arbitration. Notwithstanding the above, if Executive
            violates Section 9 or 10, Employer will have the right to initiate
            the court proceedings described in Section 11(b), in lieu of an
            arbitration proceeding under this Section 13.

14.   MISCELLANEOUS PROVISIONS.

      (a)   Entire Agreement. This Agreement constitutes the entire
            understanding and agreement between the parties concerning its
            subject matter and supersedes all prior agreements, correspondence,
            representations, or understandings between the parties relating to
            its subject matter.

      (b)   Binding Effect. This Agreement will bind and inure to the benefit of
            [CDC Bank's],[GBCI Bank's], Glacier's and Executive's heirs, legal
            representatives, successors and assigns.

      (c)   Litigation Expenses. If either party successfully seeks to enforce
            any provision of this Agreement or to collect any amount claimed to
            be due under it, that party will be entitled to reimbursement from
            the other party for any and all of its out-of-pocket expenses and
            costs including, without limitation, reasonable attorneys' fees and
            costs incurred in connection with the enforcement or collection.

      (d)   Waiver. Any waiver by a party of its rights under this Agreement
            must be written and signed by the party waiving its rights. A
            party's waiver of the other party's breach of any provision of this
            Agreement will not operate as a waiver of any other breach by the
            breaching party.

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                                                                    EXHIBIT 10.4

      (e)   Assignment. The services to be rendered by Executive under this
            Agreement are unique and personal. Accordingly, Executive may not
            assign any of his rights or duties under this Agreement. Employer or
            Glacier may assign this Agreement to a wholly owned subsidiary of
            Glacier.

      (f)   Amendment. This Agreement may be modified only through a written
            instrument signed by all parties.

      (g)   Severability. The provisions of this Agreement are severable. The
            invalidity of any provision will not affect the validity of other
            provisions of this Agreement.

      (h)   Governing Law and Venue. This Agreement will be governed by and
            construed in accordance with Montana law, except to the extent that
            certain regulatory matters may be governed by federal law. The
            parties must bring any legal proceeding arising out of this
            Agreement in Missoula County, Montana.

      (i)   Counterparts. This Agreement may be executed in one or more
            counterparts, including by facsimile, each of which will be deemed
            an original, but all of which taken together will constitute one and
            the same document.

      (j)   Counsel Review. Executive acknowledges that he has had the
            opportunity to consult with independent counsel with respect to the
            negotiation, preparation, and execution of this Agreement.

                     [SIGNATURES APPEAR ON FOLLOWING PAGE]

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                                                                    EXHIBIT 10.4

This Employment Agreement is signed as of April 20, 2006:

                                   [CDC BANK]:

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

                                   EXECUTIVE:

                                   ---------------------------------------------

Ratified as of April 20, 2006:

                                   GLACIER BANCORP, INC.

                                   By
                                      ------------------------------------------
                                      Michael J. Blodnick
                                      President & Chief Executive Officer

                                        8exv10w13

 

Exhibit 10.13

FIRST CALIFORNIA BANK

SALARY CONTINUATION AGREEMENT

          THIS AGREEMENT is adopted this 11th day of May, 2006, by and between FIRST CALIFORNIA BANK
located in Camarillo, California (the ‘Company”), and ROMOLO SANTAROSA (the “Executive”).

INTRODUCTION

          To encourage the Executive to remain an employee of the Company, the Company is willing to
provide salary continuation benefits to the Executive. The Company will pay the benefits from its
general assets.

AGREEMENT

          The Company and the Executive agree as follows:

ARTICLE 1

DEFINITIONS

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

          1.1 “Change of Control” means the transfer of shares of the Company’s voting common stock
such that one entity or one person acquires (or is deemed to acquire when applying Section 318 of
the Code) more than 75 percent of the Company’s outstanding voting common stock.

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

          1.3 “Disability” means the Executive’s suffering a sickness, accident or injury which has
been determined by the carrier of any individual or group disability insurance policy covering the
Executive, or by the Social Security Administration, to be a disability rendering the Executive
totally and permanently disabled. The Executive must submit proof to the Company of the carrier’s
or Social Security Administration’s determination upon the request of the Company.

          1.4 “Early Involuntary Termination” means that the Executive, prior to Normal Retirement Age,
has been notified in writing, that employment with the Company is terminated for reasons other than
an approved leave of absence, Termination for Cause, Disability, Change of Control or Early
Voluntary Termination.

          1.5 “Early Voluntary Termination” means that the Executive, prior to Normal Retirement Age,
has Separated from Service with the Company for reasons other than Termination for Cause,
Disability, Change of Control or Early Involuntary Termination.

          1.6 “Effective Date” means January 1, 2006.

          1.7 “Normal Retirement Age” means the Executive attaining 65 years of age.

          1.8 “Normal Retirement Date” means the later of the Normal Retirement Age or Separation from
Service.

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

          1.10 “Separation from Service” or “Separated from Service” means that the Executive has
experienced a Termination of Employment. In the event that an Executive continues to provide
services considered “significant” to the

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Bank, either as an employee or as an independent
contractor, a Separation from Service will not be deemed to have occurred. “Significant” services,
for purposes of this Agreement, are those where (1) the Executive provides services in the capacity
as an employee at an annual rate equal to at least 20 percent of the services rendered during the
immediately preceding three full calendar years of employment, and the annual remuneration for such
services is equal to at least 20 percent of the average remuneration earned during the immediately
preceding three full calendar years of employment (or, if the Executive was employed for less than
three years, such lesser period); or (2) the Executive continues to provide services to the Bank in
a capacity other than as an employee, and if the Executive provide those services at an annual rate
that is at least 50 percent or more of the service rendered, on average, during the final three
full calendar years of employment (or, if less, such lesser period) and the annual remuneration for
such services is at least 50 percent or more of the average annual remuneration earned during the
immediately preceding three full calendar years of employment (or if less, such lesser period).
This definition of Separation from Service shall at all times be construed to comply with the rules
set forth in the 409A Proposed Regulations, issued September 29, 2005, or any subsequent
regulations.

          1.11“Termination for Cause” shall be defined as set forth in Article 5.

          1.12 “Termination of Employment” means that the Executive ceases to be employed by the
Company for any reason, other than by reason of a leave of absence approved by the Company.

Article 2

Lifetime Benefits

          2.1 Normal Retirement Benefit. Upon Separation from Service on or after the Normal Retirement
Age for reasons other than death, the Company shall pay to the Executive the benefit described in
this Section 2.1 in lieu of any other benefit under this Agreement.

          2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is $85,000
(Eighty-Five Thousand Dollars).

          2.1.2 Payment of Benefit. The Company shall pay the annual benefit to the Executive in
12 equal monthly installments commencing with the month following the Executive’s Normal
Retirement Date, paying the annual benefit to the Executive for a period of fifteen (15)
years.

          2.2 Early Voluntary Termination. Upon an Early Voluntary Termination, the Executive will not
be eligible for a benefit under this Agreement.

          2.3 Early Involuntary Termination Benefit. Upon an Early Involuntary Termination, the Company
shall pay to the Executive the benefit described in this Section 2.3 in lieu of any other benefit
under this Agreement.

          2.3.1 Amount of Benefit. The benefit under this Section 2.3 is the Early Involuntary
Lump Sum set forth on Schedule A for the Plan Year ending immediately prior to Separation
from Service, determined by vesting the Executive in the Accrual Balance for the Plan Year
ending immediately prior to Separation from Service.

          2.3.2 Payment of Benefit. The Company shall pay the benefit determined under Section
2.3.1 to the Executive in a lump sum within 30 days following Separation from Service.

          2.4 Disability Benefit. Upon the Executive’s Separation from Service prior to Normal
Retirement Age due to Disability, the Company shall pay to the Executive the benefit described in
this Section 2.4 in lieu of any other benefit under this Agreement.

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          2.4.1 Amount of Benefit. The benefit under this Section 2.4 is the Disability annual
installment set forth on Schedule A, determined by vesting the Executive in the annual
benefit for the plan year ending immediately prior to Separation from Service.

          2.4.2 Payment of Benefit. The Company shall pay the annual benefit determined in
Section 2.4.1 to the Executive in 12 equal monthly installments commencing with the month
following Separation from Service, paying the annual benefit to the Executive for a period of
fifteen (15) years.

          2.5 Change of Control Benefit. Upon a Change of Control, followed within twelve (12) months
by the Executive’s Separation from Service for reasons other than death, Disability or retirement,
the Company shall pay to the Executive the benefit described in this Section 2.5 in lieu of any
other benefit under this Agreement.

          2.5.1 Amount of Benefit. The benefit under this Section 2.5 is the Change of Control
lump sum set forth on Schedule A, determined by vesting the Executive in the projected Normal
Retirement Benefit at Normal Retirement Age as described in Section 2.1.1.

          2.5.2 Payment of Benefit. The Company shall pay the benefit determined under Section
2.5.1 to the Executive in a lump sum within 30 days following Separation from Service.

          2.6 Loss Year. Anything in this Article 2 to the contrary notwithstanding, should the
Company’s operations (exclusive of extraordinary gains or expenses as determined by Generally

          Accepted Accounting Principles) result in a loss for any fiscal year prior to the
commencement of a benefit payment, then the accrual for that year shall be omitted and all of the
projected benefits as set forth on Schedule A shall be adjusted downward as a result.

          2.7 Restriction on Timing of Distribution. Notwithstanding any provision of this
Agreement to the contrary, distributions to Executive may not commence earlier than six (6) months
after the date of a Separation from Service if, pursuant to Section 409A of the Code and
regulations and guidance promulgated thereunder, Executive is considered a “specified employee”
under Section 416(i) of the Code. In the event a distribution is delayed pursuant to this Section
2.5, the originally scheduled payments shall be delayed for 6 months, aggregated, and paid in a
lump sum on the first day of the seventh month. All other scheduled payments shall be made on the
regular schedule, starting with the seventh payment in the seventh month. If the payment is to be
made in a lump sum, the entire lump sum shall be delayed for six months and paid in the seventh
month.

Article 3

Death Benefits

          3.1 Death During Active Service. If the Executive dies while in the active service of the
Company, the Company shall pay to the Executive’s beneficiary the split dollar death benefit
described in the Split Dollar Agreement attached as Addendum A between the Company and the
Executive in lieu of any other benefit under this Agreement

          3.2 Death after Separation from Service due to Retirement, Disability or Change of Control. Upon the death of the Executive after Normal Retirement Date or after Termination of
Employment due to Disability or Change of Control as set forth in Article 2 of this Agreement, the
Company shall cease paying the remaining benefit, if any, and shall then pay to the Executive’s
beneficiary the split dollar death benefit described in the Split Dollar Agreement attached as
Addendum A between the Company and the Executive.

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          3.3 Death after Early Involuntary Termination or Early Voluntary Termination. No death
benefit shall be paid upon the death of the Executive after an Early Involuntary Termination or an
Early Voluntary Termination

Article 4

Beneficiaries

          Beneficiary designations may be made under the Split Dollar Arrangement attached as Addendum A
hereto.

Article 5

General Limitations

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

          (a) Gross negligence or gross neglect of duties;

          (b) Commission of a felony or of a gross misdemeanor involving moral turpitude in
connection with the Executive’s employment within the Company; or

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

          5.2 Suicide or Misstatement. The Company shall not pay any benefit under this Agreement if
the Executive commits suicide. In addition, the Company shall not pay any benefit under this
Agreement if the Executive has made any material misstatement of fact on an
employment application or resume provided to the Company, or on any application for any
benefits provided by the Company to the Executive.

Article 6

Claims and Review Procedure

          6.1 Claims Procedure. An Executive or beneficiary (“claimant”) who has not received benefits
under the Agreement that he or she believes should be paid shall make a claim for such benefits as
follows:

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

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

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

          (a) The specific reasons for the denial;

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

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

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          (d) An explanation of the Agreement’s review procedures and the time limits
applicable to such procedures; and

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

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

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

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

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

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

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

          (a) The specific reasons for the denial,

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

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

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

ARTICLE 7

Amendments and Termination

          7.1 This Agreement may be amended or terminated only by a written agreement signed by the
Company and the Executive; however, this Agreement will automatically terminate if no benefit is
payable to the Executive due to the Executive’s Termination for Cause, Suicide or Misstatement as
set forth in Article 5 or upon an Early Voluntary Termination.

          7.2. The Company and the Executive agree to amend this Agreement in the event that there is a
change to applicable tax law or regulations or to the accounting treatment for the benefits to be
provided hereunder which materially increases the after-tax cost of the benefits. In the event an
amendment is required under this Section 7.2, such amendment shall be limited to decreasing the
benefits to be provided to the Executive only to the extent necessary so that net, after-tax impact
to the Company’s earnings will be

5

 

substantially the same as such earnings would have been absent
the change in tax law, regulation, or accounting treatment.

Article 8

Miscellaneous

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

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

          8.3 Non-Competition. During such time as Executive is receiving benefit payments hereunder,
Executive shall not serve as an employee, officer or director of, or serve as a consultant or
advisor to, any financial institution, including but not limited to any bank, savings bank or
credit union, which has its headquarters or any branch office within the County of Ventura or the
County of Santa Barbara.

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

          8.5 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 such succeeding or continuing company, firm, or person agrees to assume and
discharge the obligations of the Company under this Agreement. Upon the occurrence of such event,
the term “Company” as used in this Agreement shall be deemed to refer to the successor or survivor
company.

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

          8.7 Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of
the State of California, except to the extent preempted by the laws of the United States of
America.

          8.8 Unfunded Arrangement. The Executive and beneficiary are general unsecured creditors of
the Company for the payment of benefits under this Agreement. The benefits represent the mere
promise by the Company to pay such benefits. The rights to benefits are not subject in any manner
to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on the Executive’s life is a general asset of the Company to which the Executive and beneficiary
have no preferred or secured claim.

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

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

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

6

 

     (b) Maintaining a record of benefit payments;

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

     (d) Interpreting the provisions of the Agreement.

          8.11 Named Fiduciary. The Company shall be the named fiduciary and plan administrator under
this Agreement. It may delegate to others certain aspects of the management and operational
responsibilities including the employment of advisors and the delegation of ministerial duties to
qualified individuals.

          IN WITNESS WHEREOF, the Executive and the Company consent to this Agreement on the date above
written.

	 	 	 	 	 	 	 	 	 
	EXECUTIVE:	 	 	 	COMPANY:	 	 
	 
	 	 	 	 	 	 	 	 
	                              FIRST CALIFORNIA BANK
	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ Romolo Santarosa

 

	 	 	 	By  
	/s/ John W. Birchfield
	 	 
	ROMOLO SANTAROSA	 	 	 	John W. Birchfield, Chairman	 	 

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