Document:

Prepared by R.R. Donnelley Financial -- EX-10.8

 Exhibit 10.8 
  

 
 Directors Deferred Compensation Agreement 

Third Amendment 
 In reference to the
Directors Deferred Compensation Plan Notice of Election between Redding Bank of Commerce (“Bank”) and all participating Directors of the Company, is hereby amended as follows: 

Manner of distribution: 

                    Monthly installments of not less
than $200 for             months, for a period not to exceed fifteen (15) years, or such lesser period as minimum monthly installments of $200 each, except for the final installment,
may be required to complete distribution of all sums payable. 

                    Lump sum distribution 

This amendment shall become effective September 16, 2003. 
  

			
	 Executive Compensation Committee

Redding Bancorp
 Redding Bank of Commerce

		
	By:	 	/s/ Robert C. Anderson
	
	Robert C. Anderson, Chairman

  
 

 
 Directors Deferred Compensation Agreement 

Second Amendment 
 In reference to
Section 7 of the Deferred Compensation Agreement between Redding Bank of Commerce (“Bank”) and all participating Directors of the Company, Section 7 is hereby amended as follows: 

“ Interest compensation deferred hereunder shall be credited on a monthly basis and compounded at a fixed rate of ten percent (10%)”. 

This amendment shall become effective July 1, 2001. 
  

			
	 Executive Compensation Committee

Redding Bancorp
 Redding Bank of Commerce

		
	By:	 	/s/ Robert C. Anderson
	
	Robert C. Anderson, Chairman

  
 

 
 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

THIS DIRECTOR DEFERRED COMPENSATION AGREEMENT (the “Agreement”) was made and entered into effective January 1, 1993 and
amended effective January 1, 2007, by and between REDDING BANK OF COMMERCE, a California Corporation (the “Bank”), and Terry Street (the “Director”). 

ARTICLE 1 
 Definitions 

In consideration of the mutual promises, covenants, and agreements contained herein and for other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the Parties agree as follows: 
 1.1 “Code” means the Internal Revenue Code of 1986, as
from time to time amended. 
 1.2 “Effective Date” means January 1, 1993. 

1.3 “Director Beneficiary” means the beneficiary designated by the Director pursuant to Article 4.1. 

1.4 “Termination of Service” means that the Director ceases to be a director of the Bank, and actually separates from service
to the Bank, for any reason, voluntary or involuntary. 
 ARTICLE 2 

Deferral 
 2.1 Election to
Defer. Prior to December 31, each Director shall have the right to elect to defer the payment of all or any part of the compensation to which such Director would otherwise be entitled from the Bank for the following year. For the year
2007, each Director’s deferral election under the deferred compensation plan in effect before this amendment shall be the amount of the 2007 deferral, but any amount deferred after January 1, 2007 will be subject to the terms of this
Agreement. In the case of a newly elected Director, such election must be made within 30 days of being elected to be a Director. The Director may make a new election each year, but if no election is received for any year, the amount of compensation
deferred shall be in the same percentage as the last effective election to defer. 
 2.2 Notice of Election. Any deferrals by
the Director shall be made by submitting a notice of election in the form attached to this Agreement as Exhibit A and incorporated herein by this reference. 

2.3 Deferral Account. The Bank shall keep an account evidencing all the Director’s deferred compensation and any interest
that accrues on that deferred compensation pursuant to this Agreement (the “Deferral Account”). The Deferral Account shall accrue interest at the rate of ten percent (10%) per annum. The Deferral Account shall be maintained
separately from other Bank assets only on the books and records of the Bank and shall be subject to the claims of general creditors of the Bank. 

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 ARTICLE 3 

Benefits 
 3.1
Benefit. On Termination of Service, the Bank shall pay the Director the full amount of the Deferral Account. 
 3.2 Form of
Payment. Any amounts elected to be deferred prior to January 1, 2007 shall be paid to the Director in the form provided under the Agreement as then effective. For all amounts deferred after January 1, 2007, the Director shall
choose the method of distribution by an election in the form attached hereto as Exhibit B. 
 ARTICLE 4 

Beneficiaries 
 4.1
Beneficiary Designations. The Director shall designate a Director Beneficiary by filing a written beneficiary designation, in the form attached hereto as Exhibit C, with the Bank. The Director may revoke or modify the designation at any
time by filing a new designation. However, designations will only be effective if signed by the Director and received by the Bank during the Director’s lifetime. If the Director is married and selects a Director Beneficiary other than his or
her spouse, the Director’s spouse must also sign the beneficiary election. The Director Beneficiary designation shall be deemed automatically revoked if the Director Beneficiary predeceases the Director, or if the Director names a spouse as
Director Beneficiary and the marriage is subsequently dissolved. If the Director dies without a valid Director Beneficiary, all payments which would have been paid to Director Beneficiary shall be made to the Director’s estate. 

4.2 Facility of Payment. If a benefit is payable to a minor, to a person declared incompetent, or to a person incapable of
handling the disposition of his or her property, the Bank, in its discretion, may pay such benefit to the guardian, legal representative or person having the care or custody of such minor, incapacitated person or incapable person. 

The Bank may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Such distribution shall
completely discharge the Bank from all liability with respect to such benefit. 
 ARTICLE 5 

Claims and Review Procedures 

5.1 Claims Procedure. The Bank shall notify any person or entity that makes a claim under this Agreement (the
“Claimant”) in writing, within ninety (90) days of Claimant’s written application for benefits, of his or her eligibility or non-eligibility for benefits under the Agreement. If the Bank determines that the Claimant is not
eligible for benefits or full benefits, the notice shall set forth (1) the specific reasons for such denial, (2) a specific reference to the provisions of the Agreement on which the denial is based, (3) a description of any additional
information or material necessary for the Claimant to perfect his or her claim, and a description of why it is needed, (4) an explanation of this Agreement’s claims review procedure and other appropriate information as to the steps to be
taken if the Claimant wishes to have the claim reviewed, and (5) a time within which review must be requested. If the Bank determines 

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 that there are special circumstances requiring additional time to make a decision, the Bank shall notify the
Claimant of the special circumstances and the date by which a decision is expected to be made, and may extend the time for up to an additional ninety (90) days. 

5.2 Review Procedure. If the Claimant is determined by the Bank not to be eligible for benefits, or if the Claimant believes that
he or she is entitled to greater or different benefits, the Claimant shall have the opportunity to have such claim reviewed by the Bank by filing a petition for review with the Bank within sixty (60) days after receipt of the notice issued by
the Bank. Said petition shall state the specific reasons which the Claimant believes entitle him or her to benefits or to greater or different benefits. 

Within sixty (60) days after receipt by the Bank of the petition, the Bank shall afford the Claimant (and counsel, if any) an opportunity to present his
or her position to the Bank verbally or in writing and the Claimant (or counsel) shall have the right to review the pertinent documents. The Bank shall notify the Claimant of its decision in writing within the sixty (60) day period, stating the
basis of its decision, written in a manner calculated to be understood by the Claimant and referencing the specific provisions of the Agreement on which the decision is based. If, because of the need for a hearing, the sixty (60) day period is
not sufficient, the decision may be deferred for up to another sixty (60) days at the election of the Bank, but notice of this deferral shall be given to the Claimant. 

ARTICLE 6 
 General Terms 

6.1 Purpose. The Plan is intended to constitute an unfunded arrangement maintained by the Bank primarily for the purpose of
providing a deferred compensation plan for a select group of management or highly compensated employees, as described in sections 201(2), 301(a)(3) and 401(a)(1) of the Employee Retirement Income Security Act of 1974 (“ERISA”). 

6.2 Amendments and Termination. This Agreement may be amended or terminated only by a written agreement signed by the Bank and
the Director. Notwithstanding the preceding, the Bank may amend or terminate this Agreement at any time upon notice to the Director if, pursuant to legislative, judicial or regulatory action, continuation of this Agreement without such amendment
would: (1) cause benefits to be taxable to the Director prior to actual receipt; or (ii) result in significant financial penalties or other significantly detrimental ramifications to the Bank (other than the financial impact of paying any
provided benefits). 
 6.3 Binding Effect. This Agreement shall bind the Director and the Bank, and their beneficiaries,
survivors, executors, successors, administrative and transferees. 
 6.4 No Guarantee of Employment. This Agreement is not an
employment policy or contract. It does not give the Director the right to remain an employee of the Bank, nor does it limit or restrict the Bank’s right to discharge the Director. It also does not require the Director to remain an employee nor
does it limit or restrict the Director’s right to terminate employment at any time. 
 6.5 Non-Transferability. Benefits
under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 6.6 Reorganization. The Bank 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 Bank under this Agreement
or unless any such activity would constitute a Change of Control. Upon the occurrence of such event, the term “Bank” as used in this Agreement shall be deemed to refer to the successor or survivor company. 

6.7 Tax Withholding. The Bank shall withhold any taxes that are required to be withheld from the benefits provided under this
Agreement. 
 6.8 Applicable Law. The Agreement and all rights hereunder shall be governed by the laws of California, except to
the extent preempted by the laws of the United States of America. 
 6.9 Interpretation of Plan. To the extent not preempted by
federal law, the Plan shall be governed and construed under the laws of the state of California (other than its choice of law rules) as in effect from time to time. Notwithstanding any provision to the contrary, this Plan shall be interpreted and
construed to comply with Section 409A and the applicable provisions of ERISA. 
 6.10 Unfunded Arrangement. The Director
and the Director Beneficiary are general unsecured creditors of the Bank for the payment of benefits under this Agreement. The benefits represent the mere promise by the Bank 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 Director’s life is a general asset of the Bank to which the Director and Director Beneficiary have no
preferred or secured claim. 
 6.11 Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the
Director as to the subject matter hereof. No rights are granted to the Director by virtue of this Agreement other than those specifically set forth herein. 

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

 6.12.1 Establishing and revising the method of accounting for the Agreement; 

6.12.2 Maintaining a record of benefit payments; and 

6.12.3 Establishing rules and prescribing any forms necessary or desirable to administer the Agreement. 

6.13 Named Fiduciary. The Bank 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. 

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 6.14 Attorney’s Fees and Costs. If any action at law or in equity,
including arbitration, is necessary to enforce or interpret the terms of this Agreement, the prevailing party shall be entitled to reasonable attorneys’ fees, costs, and expert witness fees, in addition to any other relief to which that party
may be entitled. 

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 IN WITNESS WHEREOF, the Director and the Bank have signed this Agreement. 

 

									
	DIRECTOR	 		  	BANK OF COMMERCE HOLDINGS
					
	 By
  
	 	  
	 		  	 By
  
	  	 /s/ Patrick J. Moty

		 		 		  		  	PATRICK J. MOTY, President
					
		 		 		  	 By
  
	  	 /s/ David H. Scott

		 		 		  		  	DAVID H. SCOTT, Secretary
				
		 		 		  	REDDING BANK OF COMMERCE
					
		 		 		  	 By
  
	  	 /s/ Patrick J. Moty

		 		 		  		  	PATRICK J. MOTY, President
					
		 		 		  	 By
  
	  	 /s/ David H. Scott

		 		 		  		  	DAVID H. SCOTT, Secretary

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 EXHIBIT A 

DEFERRAL ELECTION 

I,                          
               , hereby elect to defer                 % of my compensation for the tax year 2012.

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 EXHIBIT B 

FORM of PAYMENT 
 of
BENEFIT 

I,                          
           hereby elect to receive any Benefit, as described in Section 2.2 of the January 1, 2008 Deferred Compensation Agreement, in the following form: 

 

	 ̈	A lump sum payment to be made 30 days after Termination of Service, as provided in Section 2.2 

  

	 ̈	In one hundred and eighty (180) equal monthly installments, to begin sixty (60) days after Termination of Service, unless I become a “specified employee,” as defined in Section 409A of the Code,
then such installments shall begin six (6) months after Termination of Service 

  
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 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

 

 EXHIBIT C 

BENEFICIARY DESIGNATION 

I,                          
                      , designate the following as beneficiary of any benefits under this Agreement: 

Primary:
                                         
                                         
                           

Contingent:
                                         
                                         
                       
 I understand that
I may change these beneficiary designations by filing a new written designation with the Bank. I further understand that the designations will be automatically revoked if the named beneficiary predeceases me, or, if I have named by spouse as
beneficiary and our marriage is subsequently dissolved. 

Signature:                        
                                  

Date:                         
                                         

Consent of Spouse (if primary beneficiary is other than Director’s spouse) 

Signature:
                                         
                    
 Date:
                                         
                            

Received this
                                         
        day of                  2007. 

By:
                                         
                                

Title:
                                         
                                

  
 Page # 9 

 Prepared 02/26/2009 

 
 © 2009 Clark Consulting

 This document is provided to assist your legal counsel in documenting your specific arrangement. The laws of the various states may differ
considerably, and this specimen is for general information only. It is not a form to be signed, nor is it to be construed as legal advice. Failure to accurately document your arrangement could result in significant losses, whether from claims of
those participating in the arrangement, from the heirs and beneficiaries of participants, or from regulatory agencies such as the Internal Revenue Service, the Department of Labor, or bank examiners. License is hereby granted to your legal counsel
to use these materials in documenting solely your arrangement. 
 In general, if your bank is subject to SEC regulation, implementation of this or
any other executive or director compensation program may trigger rules requiring certain disclosures on Form 8-K within four days of implementing the program. Consult with your SEC attorney, if applicable, to determine your responsibilities
under the disclosure rules. 
  
  

IMPORTANT NOTICE ON CODE SECTION 409A COMPLIANCE 

It is critical that you consult with your legal and tax advisors to determine the impact of Internal Revenue Code Section 409A to your particular
situation. On April 10, 2007 the Treasury Department issued final regulations implementing the requirements of Section 409A which apply to nonqualified deferred compensation arrangements. Documentary compliance with Code Section 409A
is required by December 31, 2008. 

 REDDING BANK OF COMMERCE 

Directors Deferred Compensation Agreement 
  

 
 AMENDMENT 

TO THE 
 REDDING BANK OF
COMMERCE 
 DIRECTORS DEFERRED COMPENSATION AGREEMENT 

DATED APRIL 1, 2009 
 FOR

  
  

THIS SECOND AMENDMENT is adopted this 1ST day of April , 2009, by and between REDDING BANK OF COMMERCE, a state-chartered commercial bank
located in Redding, California (the “Bank”), and                     (the “Director”). 

The Bank and the Director executed the Directors Deferred Compensation Agreement effective as January 1, 2007 (the
“Agreement”). 
 The undersigned hereby amend the Agreement for the purpose of (1) changing the interest rate,
(2) limiting deferrals in this Agreement to Five Hundred Thousand Dollars ($500,000) and (3) adding an Unforeseeable Emergency provision. Therefore, the following changes shall be made: 

The following Section 1.5 shall be added to the Agreement immediately following Section 1.4: 

 

	1.5	“Unforeseeable Emergency” means a severe financial hardship to the Director resulting from an illness or accident of the Director, the Director’s spouse, the Director Beneficiary, or the
Director’s dependent (as defined in Code Section 152 without regard to subsections (b)(1), (b)(2) or (d)(1)(B) thereof), loss of the Director’s property due to casualty, or other similar extraordinary and unforeseeable circumstances
arising as a result of events beyond the control of the Director. 

 Section 2.1 of the Agreement shall be deleted in
its entirety and replaced by the following: 
  

	2.1	Election to Defer. Prior to December 31, each Director shall have the right to elect to defer the payment of all or any part of the compensation to which such Director would otherwise be entitled from
the Bank for the following year. The total amount of deferrals permitted to the Director under the Agreement shall not exceed Five Hundred Thousand Dollars ($500,000) in deferred compensation plus interest accruals. Interest will continue to accrue
over the life of the account. For the year 2009, each Director’s deferral election under the deferred compensation plan in effect before this amendment shall be the amount of the 2008 deferral, but any amount deferred after April 1, 2009
will be subject to the terms of this Agreement. In the case of a newly elected Director, such election must be made within thirty (30) days of being elected to be a Director. The Director may make a new election each year, but if no election is
received for any year, the amount of compensation deferred shall be in the same percentage as the last effective election to defer. 

  
 1 

 REDDING BANK OF COMMERCE 

Directors Deferred Compensation Agreement 
  

 
  

 Section 2.3 of the Agreement shall be deleted in its entirety and replaced by the
following: 
  

	2.3	Deferral Account. The Bank shall keep an account evidencing the Director’s deferred compensation and any interest that accrues on the deferred compensation pursuant to this Agreement (the
“Deferral Account”). Prior to Termination of Service, the Deferral Account shall accrue interest at the Wall Street Journal prime rate on the first business day of January and July plus three percent (3%) per annum.
Notwithstanding the foregoing sentence, the Bank may prospectively change the rate at which interest shall accrue hereunder by giving notice of such change to the Director. Immediately prior to Termination of Service, the Director may elect, by
written notice to the Bank, to fix the interest rate hereunder at ten percent (10%) per annum. If no such election is made, the interest rate shall continue at the rate set by the Bank as provided above. The Deferral Account shall be maintained
separately from other Bank assets only on the books and records of the Bank and shall be subject to the claims of general creditors of the Bank. 

Section 3.3 of the Agreement shall be added to the Agreement immediately following Section 3.2: 

 

	3.3	Unforeseeable Emergency Distribution. If an Unforeseeable Emergency occurs, the Director may petition the board of directors to receive a distribution from the Agreement. The board of directors in its sole
discretion may grant such petition. If granted, the Director shall receive, within sixty (60) days, a distribution from the Agreement only to the extent deemed necessary by the board of directors to remedy the Unforeseeable Emergency, plus an
amount necessary to pay taxes reasonably anticipated as a result of the distribution. In any event, the maximum amount which may be paid out pursuant to this Section 3.3 is the Deferral Account balance as of the day that the Director petitioned
the board of directors to receive an Unforeseeable Emergency Distribution under this Section. 

 IN WITNESS OF THE
ABOVE, the Bank and the Director hereby consent to this Amendment.  
  

							
	Director:	  		  	REDDING BANK OF COMMERCE
				
	  
	  		  	By	  	 /s/ Patrick J. Moty

		  		  	Title	  	 President & CEO

  
 2Prepared by R.R. Donnelley Financial -- EX-10.9

 Exhibit 10.9 

AMENDED AND RESTATED 

EMPLOYMENT AGREEMENT 
 This
AMENDED AND RESTATED EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of November 19, 2013 (“Effective Date”), between Bank of Commerce Holdings (the “Company”) and Redding Bank of Commerce (the
“Bank”), (together referred to as “Employer”), and Randy S. Eslick (hereinafter referred to as “Executive”). 

WITNESSETH: 
 WHEREAS, the
Bank and Executive were party to an Employment Agreement dated October 14, 2008, whereby Executive served as the Regional President of the Bank; and 

WHEREAS, Employer desires to employ Executive in the capacity hereinafter stated and Executive desires to continue in the employ of Employer
in such capacity, for the period and on the terms and conditions set forth herein, and the Company desires to be a party to the Agreement: 

NOW, THEREFORE, in consideration of the promises and of the mutual covenants and conditions herein contained, the parties hereto, intending to
be legally bound do hereby agree as follows: 
  

	1.	EMPLOYMENT DUTIES AND AUTHORITY 

 The Employer hereby employs Executive as its President
and Chief Executive Officer, and Executive accepts such employment. Executive agrees to perform the duties that are customarily performed by the President and Chief Executive Officer of a bank holding company and a state chartered banking
institution and accepts all other duties described herein or as prescribed by the Employer’s Board of Directors, and agrees to discharge the same faithfully and to the best of his ability and the highest and best standards of the banking
industry, in accordance with the policies of the Employer’s Articles of Incorporation, Bylaws, Policies and Procedures. Executive shall devote his full business time and attention to the business and affairs of Employer for which he is employed
and shall perform the duties thereof to the best of his ability. Except as permitted by the prior written consent of the Employer’s Board of Directors, Executive shall not directly or indirectly render any services of a business, commercial or
professional nature to any other person, firm or corporation, whether for compensation or otherwise, which are in conflict with Employer’s interests. Executive shall have such responsibility and duties and such authority to transact business on
behalf of Employer, as are customarily incident to the office of President and Chief Executive Officer of a bank holding company and a state chartered banking institution. 
  

	2.	TERM 

 Employer hereby employs Executive, and Executive hereby accepts employment with
Employer for the period of three years, and automatically extending for a one-year period (the “Term”), commencing November 19, 2013 with such Term being subject to prior termination as herein provided. 

Where used herein, “Term” shall refer to the entire period of employment of Executive by Employer, whether for the period provided
above, or whether terminated earlier as hereinafter provided, or extended by mutual agreement in writing by Employer and Executive. 

  
 1 

	3.	EXECUTIVE COMPENSATION 

 In consideration for all services to be rendered by Executive to
Employer, Employer agrees to pay Executive a starting base salary of $265,000.00 when the Executive is seated. 
 Employer’s Board of
Directors shall in its sole and absolute discretion determine any increases in Executive’s base salary annually. Executive’s salary shall be paid semi-monthly. Employer shall deduct there from all taxes which may be required to be deducted
or withheld under any provision of the law (including, but not limited to, social security payments and income tax withholding) now in effect or which may become effective anytime during the term of this Agreement. 

Executive shall be entitled to participate in any and all other employee benefits and plans that may be developed and adopted by Employer and
in which Executive is eligible to participate under the terms of such plans, including Employer’s Cash Incentive (“Profit Sharing”) Plan. 

Employer agrees to provide Executive with an automobile within a predetermined value established from time to time by the Executive
Compensation Committee of the Employer. Employer agrees to cover all operating expenses including insurance and maintenance. Executive is entitled to replace such vehicle every three years. Upon termination, for any reason, the Executive will be
entitled to purchase the vehicle at the net book value at that time. Employer agrees to provide Executive with a housing allowance within a predetermined value established from time to time by the Executive Compensation Committee of the Employer.
Employer agrees to reimburse Executive for all ordinary and customary expenses for entertainment, meals, travel, cellular phone, and incidental business expense in accordance with Employer’s policy. Reasonable costs incurred for professional
education, publications, seminars, meetings and special social entertainment shall also be reimbursed in accordance with Employer’s policy. 
  

	4.	COUNTRY CLUB MEMBERSHIP 

 Employer agrees to reimburse Executive for reasonable country
club membership dues, in accordance with Employer’s policy. 
  

	5.	INSURANCE 

 Employer agrees to provide Executive with health and life insurance benefits
that are now or may hereinafter be in effect for all other full-time employees subject to the eligibility requirements of the plans. Employer may also obtain a “key-man” life insurance policy on the life of Executive which shall be a
general asset of the employer and to which Executive and the Executive’s beneficiary will have no preferred or secured claim. 
  

	6.	VACATION 

 Executive shall be entitled to accrue five (5) weeks of during each year
of which at least two (2) weeks must be taken in a consecutive period. Vacation benefits shall not accrue above six weeks at any time. Once this six week maximum is reached, vacation will stop accruing until vacation is taken. 

 

	7.	TERMINATION 

 Employer shall have the right to terminate this Agreement for any of the
following reasons by serving written notice upon Executive: 
 (a) Breach of, habitual neglect of, failure to perform, or inability to
perform, Executive duties and obligations as President and Chief Executive Officer. 

  
 2 

 (b) Illegal conduct, constituting a crime involving moral turpitude, conviction of a felony, or
any conduct detrimental to the interests of the Employer. 
 (c) Physical or mental disability rendering Executive incapable of performing
his duties for a consecutive period of 180 days (during which time Executive shall continue to receive his base salary and other benefits, provided his accrued sick leave has first been exhausted), or by death; or 

(d) Determination by Employer’s Board of Directors that the continued employment of Executive is detrimental to the best interests of the
Employer, or for any reason whatsoever as determined by Employer’s Board of Directors and in the sole and absolute discretion of the Employer’s Board of Directors. 

In the event this Agreement is terminated for any of the reasons specified in the paragraphs (a), (b), or (c) above, Executive shall be
paid six months total compensation package calculated as of the date of the Executive’s termination, plus any accrued profit sharing and vacation accrued to, but not taken as of date of the termination. In the event this Agreement is terminated
for any reason specified in paragraph (d) above, Executive shall be entitled to severance pay in an amount equal to twelve months of Executive’s then total compensation package to be paid in one lump sum. In the event this Agreement is
terminated for any of the reasons specified above, the Executive agrees to resign from all board memberships of the Company immediately. Total compensation package is defined as current salary, cash incentive profit sharing, insurance, automobile
expense, country club membership and other ordinary and customary perquisites. 
 In either case, the health insurance benefits provided
herein shall be extended at the Employer’s sole cost for the eighteen (18) months after which the Executive is terminated. 
 The
total compensation package and benefits referenced in the preceding paragraph are collectively referred to herein as “Severance.” Executive acknowledges and agrees that any Severance provided upon termination is in lieu of all damages,
payments and liabilities on account of the early termination of this Agreement and is the sole and exclusive remedy for Executive other than rights, if any, to exercise any of the stock options vested prior to such termination, and shall only be
paid, within ninety (90) days after his separation from service with Employer. subject to Executive’s execution and delivery to Employer, within such ninety (90) day period, of a complete release of all claims Executive may have
against the Employer, its officers, directors, agents, employees, predecessors, successors, parents, subsidiaries, and affiliates. If the ninety (90) day period referred to in the immediately preceding sentence begins in one calendar year and
ends in the following calendar year, then the payment shall be made in the latter calendar year. 
 If upon termination of employment
Executive chooses to arbitrate any claims pursuant to Section 17, Executive shall be deemed to have waived Executive’s right, if any, to severance. 

Executive shall give ninety (90) days prior notice, in writing, to Employer in the event Executive resigns or voluntarily terminates
employment, or takes early retirement. 
  

	8.	CHANGE OF CONTROL BENEFITS 

 In the event there is a Change of Control, as defined below,
prior to December 31, 2013 and the Executive’s responsibilities and duties are diminished in any capacity the Executive is entitled to terminate this Agreement and will be paid, in a single lump sum, severance equal to one (1) year
total compensation package as 

  
 3 

 
of the date of the Executive’s termination. In the event there is a Change of Control, as defined below, on or after January 1, 2014 and the Executive’s responsibilities and duties
are diminished in any capacity the Executive is entitled to terminate this Agreement and will be paid, in a single lump sum, severance equal to two (2) years total compensation package as of the date of the Executive’s termination.
Executive acknowledges and agrees that such payment is in lieu of all damages, payments and liabilities on account of the early termination of this Agreement and is the sole and exclusive remedy for Executive (other than rights, if any, to exercise
any of the stock options vested prior to such termination), and shall only be paid , within ninety (90) days after his separation from service with Employer, subject to Executive’s execution and delivery to Employer, within such ninety
(90) day period, of a complete release of all claims Executive may have against the Employer, its officers, directors, agents, employees, predecessors, successors, parents, subsidiaries, and affiliates. If the ninety (90) day period
referred to in the immediately preceding sentence begins in one calendar year and ends in the following calendar year, then the payment shall be made in the latter calendar year. If upon termination of employment Executive chooses to arbitrate any
claims pursuant to Section 17, Executive shall be deemed to have waived Executive’s right, if any, to severance. 
 “Change
in Control” means (i) a Change in the Ownership of the Relevant Corporation, (ii) a Change in the Effective Control of the Relevant Corporation, or (iii) or a Change in the Ownership of a Substantial Portion of the Assets of the
Relevant Corporation. The events giving rise to the Change in Control must be objectively determinable, and the Board, in a ministerial capacity, shall certify there is a Change in Control only when the events giving rise to the Change in Control
are objectively determinable. The Board shall not have any discretionary authority to certify that there has been a Change in Control except as provided in the preceding sentence. Notwithstanding anything to the contrary, (i) the term
“Change in Control” shall be interpreted in accordance with Section 409A; (ii) any event which constitutes a “Change in Control” under Section 409A shall constitute a “Change in Control” for purposes of
this Agreement; (iii) and any event which does not constitutes a “Change in Control” under Section 409A shall not constitute a “Change in Control” for purposes of this Agreement. 

Excess Parachute Payment. Notwithstanding any provision of this Agreement to the contrary, Employer shall not pay any benefit under
this Agreement to the extent the benefit would create an excise tax under the excess parachute rules of Section 280G of the code. 
  

	9.	CONFIDENTIAL INFORMATION AND NONDISCLOSURE 

 (a) Confidential Information.
Employer has and will develop and own certain Confidential Information, which has a great value in its business. Employer also has and will have access to Confidential Information of its customers. 

“Customers” shall mean any persons or entities for whom Employer performs services or from whom Employer obtains information.
Confidential Information includes information disclosed to Executive during the course of his employment, and information developed or learned by Executive during the course of his employment. 

Confidential Information is broadly defined and includes all information which has or could have commercial value or other utility in
Employer’s business or the businesses of Employer’s customers. Confidential Information also includes all information which could be detrimental to the interests of Employer or its customers if it were disclosed. 

By example and without limitation, Confidential Information includes all information concerning loan information, Customer data, including but
not limited to Customer and supplier identities, Customer characteristics or agreements and Customer lists, applicant data, employment categories, job classifications, employment histories, job analyses and validations, preferences, credit history,

  
 4 

 
agreements, and any personally identifiable information related to Customers; any information provided to Executive by a Customer, including but not limited to electronic information, documents,
software, and trade secrets; historical sales information; advertising and marketing materials and strategies; financial information related to Employer, Customers, Customer’s employees or any other party; labor relations strategies; research
and development strategies and results, including new materials research; pending projects and proposals; production processes; scientific or technological data, formulae and prototypes; employee data; pricing and product information; computer data
information; inventory levels and products; supplier information and data; testing techniques; processes; formulas; trade secrets; inventions; discoveries; improvements; specifications; data, know-how, and formats; marketing plans; pending projects
and proposals; business plans; computer processes; computer programs and codes; technological data; strategies; forecasts; budgets; and projections. 

(b) Protection of Confidential Information. Executive agrees that at all times during and after his employment by Employer, Executive
will keep confidential and not disclose to any third party or make any use of the Confidential Information of Employer or its customers, except for the benefit of Employer or its customers and in the course of his employment. In the event Executive
is required by law to disclose such information described in this paragraph, Executive will provide Employer and its legal counsel with immediate notice of such request so that Employer may consider seeking a protective order. For purposes of this
Agreement, the disclosure of any Confidential Information, at any time except as required by law shall be considered to be “unfair competition”. Executive also agrees not to remove or permit the removal of Confidential Information from
Employer’s place of business without the express written authorization of an Officer of Employer or its authorized representative. Executive acknowledges that he is aware that the unauthorized disclosure of Confidential Information of Employer
or its customers may be highly prejudicial to their interests, an invasion of privacy, and an improper disclosure of trade secrets and financial information in violation of state and federal law. 

(c) Return of Property. In the event Executive’s employment with Employer is terminated (voluntarily or otherwise), Executive
agrees to inform Employer of all documents and other data relating to his employment which is in his possession and control and to deliver promptly all such documents and data to Employer. 

(d) Sanctions for Unauthorized Taking of Trade Secrets. Executive understands that taking of Employer’s trade secrets is a crime
under California Penal Code section 449(c) and could also result in civil liability under California’s Uniform Trade Secrets Act (Civil Code sections 3426-3426.11), and that willful misappropriation may result in an award against Executive of
triple the amount the Employer’s damages and Employer’s attorney fees for collecting such damages. 
 (e) Injunctive Relief.
Executive acknowledges that breach of this Section may cause Employer irreparable harm for which money is inadequate compensation. Executive therefore agrees that Employer will be entitled to injunctive relief, without the necessity of posting a
bond, to enforce this Section and this Agreement, in addition to damages and other available remedies, and Executive consents to such injunctive relief pursuant to this Section 9. 

(f) Solicitation of Bank Customers. Executive agrees that in the event his employment with the Bank shall terminate for any reason, he
shall not, for a period of one year, make known to, or call on, solicit or take away, or attempt to call on, solicit or take away on behalf of any person, firm or corporation which is in competition, either directly or indirectly, with the Bank, any
existing customers of the Bank or individuals or entities with whom the Bank is negotiating for the Bank’s services. This provision may be enforced either through injunction or specific performance of this Agreement by the Bank. In the event of
a Change in Control, Executive shall be unconditionally released from all of his duties and obligations under this paragraph. 

  
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	10.	INDEMNIFICATION 

 To the extent permitted by law, Employer shall indemnify Executive if
he was or is a party or is threatened to be made a party in any such action brought by a third party against Executive (whether or not Employer is joined as a party defendant) against expenses, judgments, fines, settlements and other amounts
actually and reasonably incurred with said action if Executive acted in good faith and in a manner Executive reasonably believed to be in the best interest of Employer (and with respect to a criminal proceeding if Executive had no reasonable cause
to believe his conduct was unlawful), provided that the alleged conduct of Executive arose out of and was within the course and scope of his employment as an officer or employee of Employer. 

 

	11.	NOTICES 

 Any notice, request, demand, or other communication required or permitted
hereunder shall be deemed to be properly given when personally served in writing, when deposited in the U.S. mail, postage prepaid, or when communicated to a public telegraph company for transmittal, addressed as follows: 

 

			
	 To Employer:
	  	 Bank of Commerce Holdings
 Redding Bank of
Commerce
 1901 Churn Creek Road
 Redding, California 96002

Attention: Board of Directors

		
	 To Executive:
	  	 Randy S. Eslick
 1901 Churn Creek Road

Redding, California 96002

 Any party hereto may change its or his address for purposes of this Section by giving notice in accordance
herewith. 
  

	12.	BENEFIT OF AGREEMENT 

 This Agreement shall inure to the benefit of and be binding upon
the parties hereto and their respective executors, administrators, successors and assigns. 
  

	13.	APPLICABLE LAW 

 This Agreement is made and entered into in the State of California, and
the laws of said State shall govern the validity and interpretation hereof. 
  

	14.	CAPTIONS AND PARAGRAPH HEADINGS 

 Captions and paragraph headings used herein are for
convenience only and are not a part of this Agreement and shall not be used in construing it. 
  

	15.	INVALID PROVISIONS 

 Should any provision of this Agreement for any reason be declared
invalid, void, or unenforceable by a court of competent jurisdiction, the validity and binding effect of any remaining portions shall not be affected and the remaining portions of this Agreement shall remain in full force and effect as if this
Agreement had been executed with said provision eliminated. 

  
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	16.	ENTIRE AGREEMENT 

 This Agreement and the Executive Salary Continuation Agreement between
Executive and Employer, contain the entire Agreement of the parties and supersede any and all other agreements, either oral or in writing, between the parties hereto with respect to the employment of Executive by Employer, except to the extent that
it is contemplated that Executive and Employer may enter into a stock option agreement. Each party to this Agreement acknowledges that no representations, promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on
behalf of any party, which is not embodied herein, and that no other agreement, statement, or promise not contained in this Agreement shall be valid or binding. This Agreement may not be modified or amended by oral agreement, but only by an
agreement in writing signed by the Employer and Executive. 
  

	17.	NEGOTIATION — MEDIATION 

 The parties will attempt in good faith to resolve promptly
any dispute, controversy, or claim arising out of or relating to this contract or any claimed breach thereof by direct negotiation between principals of the parties who have authority to settle the controversy. To facilitate such negotiations, it is
agreed that a disputing party shall give the other party written notice of the dispute providing reasonable particularity with respect to all issues deemed to be controverted or disputed. Within ten (10) days after such notice is given, the
principals of the parties shall meet at a mutually acceptable time and place, and thereafter as often as those individuals reasonably deem necessary to exchange relevant information and attempt to resolve all disputes. 

If the disputes have not been resolved within thirty (30) days after the disputing party gives notice, or if the party receiving notice
declines to meet, either party may initiate mediation of the controversy, claim or dispute in accordance with the following mediation provisions. Upon failure of the negotiations as set forth above, the parties to this contract agree to mediate any
dispute, controversy or claim arising out of this contract or relating to the work undertaken pursuant to this contract prior to resorting to arbitration as hereinafter provided. Mediation is a process in which parties attempt to resolve a dispute
by submitting it to an impartial, neutral mediator who is authorized to facilitate the resolution of the dispute, but who is not empowered to impose a settlement on the parties. 

The parties shall attempt to mutually agree upon an impartial mediator, which mediator shall be appointed jointly and compensated equally by
the parties. In the event the parties are unable to agree on an impartial mediator, then and in that event each party shall submit to the other a list with two (2) names of retired judges who will mediate in Shasta County, and have no ongoing
professional or business relationship with either of the parties. 
 From the lists, the parties shall, in turn, beginning with the
Executive, cross unacceptable names from the list until such time as a potential mediator remains. The potential remaining mediator shall then be contacted to determine if he/she is available and willing to act as mediator. Should none of the
original list of mediators be available, new lists shall be prepared and the process again undertaken. 
 Following mediation or in the
event that for any reason no mediation has been held, all disputes, controversies or claims shall be resolved by binding arbitration as hereinafter set forth. If a party commences an arbitration or court action based on a dispute or claim as to
which this section applies, without first attempting to resolve the matter through mediation, then and in that event, such party shall not be entitled to recover attorney’s fees, costs or expert fees, even if they would otherwise be available
to that party in any such arbitration or court action. 

  
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	18.	ARBITRATION 

 Any controversy among parties arising from or relating to the performance
or interpretation of this contract is subject to binding arbitration. The parties hereto are bound, each to the other, by this arbitration clause. The parties therefore agree that any dispute, controversy or claim, in law or equity, arising between
themselves out of this contract pursuant to this contract which is not settled through mediation must be decided by neutral binding arbitration and not by court action, except as provided by the California Law for Judicial Review of Arbitration
Proceedings. 
 On the demand of the arbitrator or any party to an arbitration initiated under the arbitration provisions of this contract,
each party hereto shall be bound by this arbitration provision and agrees to join in, become a party to, and be bound by such arbitration. 

Arbitration shall be conducted under and pursuant to the provisions of California Code of Civil Procedure § 1280, et seq., including the
provisions of § 1283.05, as are in effect at the time of the arbitration, and judgment may be entered on the award as therein provided. 

If any party refuses or neglects to appear at or participate in arbitration after reasonable notice, the arbitrator may decide the controversy
in accordance with whatever evidence is presented by the party or parties who do participate. The arbitrator may award any remedy that is just and equitable in the arbitrator’s opinion. The arbitrator will award to the prevailing party or
parties such sums as are proper to compensate for the time, expense, and trouble of arbitration, including arbitration fees, attorney fees and costs, and expert fees. The arbitrator will retain jurisdiction of a controversy even if a party or
parties to the dispute will not or cannot be joined in the arbitration proceedings. 
  

	19.	IRC SECTION 409A – REQUIRED DELAY IN PAYMENTS 

 If Executive is a “specified
employee” as defined in Section 409A of the U.S. Internal Revenue Code of 1986, as amended, and U.S. Treasury regulations promulgated thereunder (“Section 409A Rules”), then any amounts subject to the Section 409A rules that
are otherwise required to be paid to him upon his separation from service (as defined in the Section 409A Rules) shall not be paid until the date that is six (6) months after the date of his separation from service of, if earlier, the date
of his death. 
  

	20.	ATTORNEYS’ FEES AND COSTS 

 In the event of litigation, arbitration or any other
action or proceeding between the parties to interpret or enforce this Agreement or any part thereof or otherwise arising out of or relating to this Agreement, the prevailing party shall be entitled to recover its costs related to any such action or
proceeding and its reasonable fees of attorneys, accountants and expert witnesses incurred by such party in connection with any such action or proceeding. The prevailing party shall be deemed to be the party which obtains substantially the relief
sought by final resolution, compromise or settlement, or as may otherwise be determined by order of a court of competent jurisdiction in the event of litigation, an award or decision of one or more arbitrators in the event of arbitration, or a
decision of a comparable official in the event of any other action or proceeding. 
 EXECUTIVE AND EMPLOYER AGREE THAT BY ENTERING INTO THIS
AGREEMENT, EXECUTIVE AND EMPLOYER KNOWINGLY AND VOLUNTARILY WAIVE THEIR RIGHTS TO A TRIAL BY A JUDGE OR JURY. 

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date and year first
above written. 
 EMPLOYER: 
  

							
	BANK OF COMMERCE HOLDINGS	 	        REDDING BANK OF COMMERCE
				
	By:	 	 /s/ Lyle L. Tullis
	 	        By:	 	 /s/ Lyle L. Tullis

	Name: 	 	Lyle L. Tullis	 	        Name: 	 	Lyle L. Tullis
	Title:	 	Chairman of the Board	 	        Title:	 	Chairman of the Board

 EXECUTIVE: 
 RANDY S.
ESLICK 
 /s/ Randy
Eslick                                        
                 

  
 9

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