Document:

EXHIBIT 4.10
                                                                    ------------

                             AMENDMENT NO. 7 TO THE
                      WEBSTER BANK EMPLOYEE INVESTMENT PLAN

                  The Webster Bank Employee Investment Plan, as amended and
restated on October 22, 2001, is hereby amended as follows:

                  (1) Effective as of the first date with respect to which the
processing of the payroll for the employees of The Mathog & Moniello Companies,
Inc. is performed in conjunction with the processing of the payroll for
employees of the Webster Bank controlled group (the "M&M Payroll Merger Date"),
Appendix A of the Adoption Agreement for the Plan (relating to the Participating
Employers in the Plan) is deleted and the following is substituted in lieu
thereof:

                                   APPENDIX A

                             PARTICIPATING EMPLOYERS

       Webster Trust Company, National Association
       Webster Investment Services, Inc.
       Webster Insurance, Inc. (formerly known as Damman Associates, Inc.)
       Nowlending, LLC (formerly known as Access National Mortgage, L.L.C.)
       Louis Levine Agency, Inc.
       Levine Financial Services, Inc. (for the period prior to October 1, 2000)
       Retirement Planning Associates, Inc.
       Center Capital Corporation
       Whitehall Business Credit Corporation
       Fleming, Perry & Cox, Inc. (for the period on and after January 1, 2004)
       The Mathog & Moniello Companies, Inc.

                  (2) Effective as of the M&M Payroll Merger Date, Appendix B of
the Adoption Agreement for the Plan (relating to the crediting of years of
service with predecessor employers) is deleted and the following is substituted
in lieu thereof:

                                   APPENDIX B

                              PREDECESSOR EMPLOYERS

    Shawmut Bank, N.A.
    Shelton Savings Bank
    Shoreline Bank and Trust Company
    Bristol Savings Bank
    Derby Savings Bank
    People's Savings Bank of New Britain
    Sachem Trust National Association
    Eagle Financial Corporation
    Eagle Bank
    MidConn Bank
    Webster Insurance, Inc. (formerly known as Damman Associates, Inc.)
    Independent Financial Marketing Group, Inc. (for employees of Webster
    Investment Services, Inc.)
    Nowlending, LLC (formerly known as Access National Mortgage, L.L.C.)
    Maritime Bank & Trust
<PAGE>

    Village Bank & Trust Company
    New England Community Bancorp, Inc.
    The Chase Manhattan Bank
    The Levine Companies (Louis Levine Agency, Inc., Levine Financial Services,
    Inc. and Retirement Planning Associates, Inc.)
    Mech Financial, Inc.
    Fleet Boston Corporation and BankBoston, N.A.
    Musante Reihl Associates, Inc.
    Center Capital Corporation
    Wolff Zackin & Associates, Inc.
    Benefit Plans Design & Administration, Inc.
    IBJ Whitehall Business Credit Corporation
    The Mathog & Moniello Companies, Inc.

                  (3) All section numbers and cross references thereto are
appropriately amended to effectuate the intention of the foregoing amendments.

                  Dated at Waterbury, Connecticut this 16th day of December,
2002.

ATTEST:                             WEBSTER BANK

/s/ John D. Benjamin                By  /s/ James C. Smith
-----------------------                 ----------------------------------------
Its Assistant Secretary                 Its Chairman and Chief Executive Officer

                                       2EXHIBIT 4.11
                                                                    ------------

                             AMENDMENT NO. 8 TO THE
                      WEBSTER BANK EMPLOYEE INVESTMENT PLAN

                  The Webster Bank Employee Investment Plan, as amended and
restated on October 22, 2001, is hereby amended as follows:

                  (1) Effective as of the first date with respect to which the
processing of the payroll for the employees of Budget Installment Corp. is
performed in conjunction with the processing of the payroll for employees of the
Webster Bank controlled group (the "Budget Payroll Merger Date"), Appendix A of
the Adoption Agreement for the Plan (relating to the Participating Employers in
the Plan) is deleted and the following is substituted in lieu thereof:

                                   APPENDIX A

                             PARTICIPATING EMPLOYERS

       Webster Trust Company, National Association
       Webster Investment Services, Inc.
       Webster Insurance, Inc. (formerly known as Damman Associates, Inc.)
       Nowlending, LLC (formerly known as Access National Mortgage, L.L.C.)
       Louis Levine Agency, Inc.
       Levine Financial Services, Inc. (for the period prior to October 1, 2000)
       Retirement Planning Associates, Inc.
       Center Capital Corporation
       Whitehall Business Credit Corporation
       Fleming, Perry & Cox, Inc. (for the period on and after January 1, 2004)
       The Mathog & Moniello Companies, Inc.
       Budget Installment Corp.

                  (2) Effective as of the Budget Payroll Merger Date, Appendix B
of the Adoption Agreement for the Plan (relating to the crediting of years of
service with predecessor employers) is deleted and the following is substituted
in lieu thereof:

                                   APPENDIX B

                              PREDECESSOR EMPLOYERS

     Shawmut Bank, N.A.
     Shelton Savings Bank
     Shoreline Bank and Trust Company
     Bristol Savings Bank
     Derby Savings Bank
     People's Savings Bank of New Britain
     Sachem Trust National Association
     Eagle Financial Corporation
     Eagle Bank
     MidConn Bank
     Webster Insurance, Inc. (formerly known as Damman Associates, Inc.)
     Independent Financial Marketing Group, Inc. (for employees of Webster
     Investment Services, Inc.)
     Nowlending, LLC (formerly known as Access National Mortgage, L.L.C.)
     Maritime Bank & Trust
<PAGE>

     Village Bank & Trust Company
     New England Community Bancorp, Inc.
     The Chase Manhattan Bank
     The Levine Companies (Louis Levine Agency, Inc., Levine Financial Services,
     Inc. and Retirement Planning Associates, Inc.)
     Mech Financial, Inc.
     Fleet Boston Corporation and BankBoston, N.A.
     Musante Reihl Associates, Inc.
     Center Capital Corporation
     Wolff Zackin & Associates, Inc.
     Benefit Plans Design & Administration, Inc.
     IBJ Whitehall Business Credit Corporation
     The Mathog & Moniello Companies, Inc.
     Budget Installment Corp.

                  (3) All section numbers and cross references thereto are
appropriately amended to effectuate the intention of the foregoing amendments.

                  Dated at Waterbury, Connecticut this 26th day of February,
2003.

ATTEST:                              WEBSTER BANK

 /s/ John D. Benjamin                By /s/ James C. Smith
-----------------------------           ----------------------------------------
     Its Assistant Secretary            Its Chairman and Chief Executive Officer

                                       2Executive Severance Agreement

 
EXHIBIT 10.1

 
CONFIDENTIAL 
 
EXECUTIVE SEVERANCE AGREEMENT 
 
This Agreement is made and entered into by and between PACIFIC
CONTINENTAL BANK, an Oregon banking corporation (hereinafter called the “Bank”) and Roger S. Busse (hereinafter called the “Executive”). 
 
WHEREAS, the Executive is employed by the Bank in a key managerial capacity, presently holding the position of EXECUTIVE VICE PRESIDENT of
the Bank; and 
 
WHEREAS, the Bank wishes to ensure
that the Executive will be available to assist the Board of Directors of the Bank (the “Board”) in responding to and, if deemed appropriate by the Board, completing any proposed change in control of the Bank; 
 
NOW, THEREFORE, the Bank and the Executive agree to the
following provisions: 
 
1. Change in
Control. For purposes of this Agreement, the term “Change in Control” shall mean (i) a sale of greater than two-thirds of the voting stock of the Bank; (ii) a merger or business combination of the Bank with or into another corporation,
or corporate group, whereby the shareholders of the Bank immediately prior to the transaction hold immediately after the transaction, directly or indirectly, less than one-third of the voting stock of the Bank, or the resulting corporation in the
case of a merger; or (iii) the sale of substantially all of the assets of the Bank. The term “Change in Control” shall not include the formation of a one-bank holding company that is duly approved by a requisite vote of the Board and the
Bank’s shareholders. 
 
2. Commitment of
Executive. In the event any person extends any proposal or offer which could result in a Change in Control, the Executive will, at the Board’s request, assist the Board in evaluating such proposal or offer. Further, the Executive
specifically agrees that he will not resign his position with the Bank during any period from the receipt of a specific Change in Control proposal up to the closing or termination of the transaction contemplated by the proposal. 
 
3. Severance Payment Events. In the event of —

 
a. the voluntary or involuntary
termination (excluding termination due to death, disability or commission of a crime) of the Executive’s employment with the Bank within three (3) years after a Change in Control; or 
 
b. the involuntary termination (excluding termination due to death, disability, or commission
of a crime) by the Bank of the Executive’s employment within Twenty Four (24) months prior to the occurrence of a Change in Control, 
 
then the Bank shall pay to Executive a severance payment, in the amount determined pursuant to the next paragraph, payable on the later of the date of
termination or the date of the Change in Control. 
 

1 

 
4. Amount
of the Severance Payments. The severance payment shall be an amount equal to one and one-half (1.5) times the highest compensation (as reportable on the Executive’s IRS W-2 form) received by the Executive from the Bank during any of the
most recent three (3) calendar years ending before, or simultaneously with, the date on which the Change in Control occurs; provided, however, that the severance payment shall be less than the amount which would cause the payment to be a
“parachute payment” as defined in Section 280G(b)(2)(A) of the Code. 
 
5. Revocability. This Agreement may be terminated unilaterally by the Bank, but (i) only as of a prospective effective date which follows by at least 24 months the date that written notice is
given to Executive that the Bank, by a vote of at least a majority of its directors, has determined to terminate the Agreement, and (ii) only if no Change in Control occurs prior to such effective date; provided, however, that this Agreement
shall automatically terminate if, at any time prior to the closing of a Change in Control transaction, the Executive (a) voluntarily terminates his employment with the Bank, or (b) is terminated by the Bank for cause (i.e., acts of dishonesty,
disloyalty, illegality or moral turpitude adversely impacting the Bank; repeated failure or refusal to follow reasonable directions from the Board following a written warning). If not earlier terminated, this Agreement will terminate three (3) years
after any Change in Control occurs. 
 
6.
Addition of Holding Company. In the event of the formation of a one-bank holding company to hold the stock of the Bank or similar reorganization to insert a one-bank holding company between the Bank and its then-existing shareholders, the
bank holding company shall be automatically a party to this Agreement and the term “Change in Control” shall also include a Change in Control of such bank holding company. Without limiting the foregoing, the Bank and the Executive agree to
take such other steps as may be reasonably requested to give effect to this paragraph. 
 
IN WITNESS WHEREOF, the parties have executed this Agreement this              day of
                                      . 
 

	 PACIFIC CONTINENTAL BANK
	 	 	 	 EXECUTIVE

	
	 By:
	 	 /S/    HAL BROWN

	 	 	 	 	 	 /S/    ROGER S. BUSSE

	 	 	 Hal Brown
 President & Chief Executive Officer
	 	 	 	 	 	 Roger S. Busse
 Executive Vice President

 

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