Document:

Exhibit
10.69

AMENDED LIFE
INSURANCE

ENDORSEMENT
METHOD SPLIT DOLLAR PLAN

AGREEMENT

	
  Insurers and Policy Numbers:

  	
   

  	
  ING Southland Insurance Company

  
	
   

  	
   

  	
  Policy No.
  0660012184

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Union Central Life Insurance Company

  
	
   

  	
   

  	
  Policy No. 0036892

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  New York Life

  
	
   

  	
   

  	
  Policy No.
  56610856

  
	
   

  	
   

  	
   

  
	
  Bank:

  	
   

  	
  Central Valley Community Bank

  
	
   

  	
   

  	
   

  
	
  Insured:

  	
   

  	
  Shirley Wilburn

  
	
   

  	
   

  	
   

  
	
  Relationship of Insured to Bank:

  	
   

  	
  Executive

  

 

This Amended Life
Insurance Endorsement Method Split Dollar Plan Agreement (the “Agreement”) is made effective as of December 31, 2006, and
is entered into by and between Central Valley Community Bank (the “Bank”) and Shirley Wilburn (the “Insured”),
each a “Party” and together the “Parties.” 
This Agreement amends in its entirety that certain Life Insurance
Endorsement Method Split Dollar Plan Agreement dated April 17, 2001 by and
between the Bank and Insured, which was subsequently amended by the Parties on February
1, 2005 (as amended, the “Prior Agreement”).

RECITALS

A.                                   In
2001, the Bank’s Board of Directors (the “Board”)
determined that the Insured’s services to the Bank were valuable, and,
accordingly, agreed to provide certain death benefits to the Insured pursuant
to the Prior Agreement.

B.                                     In
2005, the Bank agreed to increase the death benefit under the Prior Agreement,
and, accordingly, amended the Prior Agreement.

C.                                     Certain
parts of the Agreement are inconsistent with the original intent of the
Parties.  Accordingly, the Parties now
wish to clarify their original intent by amending the Agreement as provided
herein.

 1
 

AGREEMENT

The respective rights and duties of the Bank and the
Insured in the above-referenced policy shall be pursuant to the terms set forth
below:

I.                                      DEFINITIONS

Refer to the policy contract for the definition of all
terms in this Agreement.

II.                                  POLICY TITLE AND OWNERSHIP

Title and ownership shall reside in the Bank for its
use and for the use of the Insured in accordance with this Agreement. The Bank
alone may, to the extent of its interest, exercise the right to borrow or
withdraw on the policy cash values. Where the Bank and the Insured (or
assignee, with the consent of the Insured) mutually agree to exercise the right
to increase the coverage under the subject Split Dollar policy, then, in such
event, the rights, duties and benefits of the parties to such increased
coverage shall continue to be subject to the terms of this Agreement.

III.                              BENEFICIARY DESIGNATION RIGHTS

The Insured (or assignee) shall have the right and
power to designate a beneficiary or beneficiaries to receive the Insured’s
share of the proceeds payable upon the death of the Insured, and to elect and
change a payment option for such beneficiary, subject to any right or interest
the Bank may have in such proceeds, as provided in this Agreement.

IV.                             PREMIUM PAYMENT METHOD

The Bank intends to pay an amount equal to the planned
premiums and any other premium payments that might become necessary to keep the
policy in force.

V.                                 TAXABLE BENEFIT

Annually the Insured will receive a taxable benefit
equal to the assumed cost of insurance as required by the Internal Revenue
Service. The Bank (or its administrator) will report to the Insured the amount
of imputed income each year on Form W-2 or its equivalent.

VI.                             DIVISION OF DEATH PROCEEDS

Subject to Sections VII and IX below, the division of
the death proceeds of the policies shall be as follows:

A.                                    Original
Death Benefit

1.                                       Should
the Insured be employed by the Bank at the time of death, the Insured’s
beneficiary(ies), designated in accordance with Paragraph III, shall be
entitled to a lump sum payment equal to the present value of the Retirement
Benefit provided in Section III(A)(1) of that certain Amended Executive Salary
Continuation Agreement 

 2
 

between the Bank and
Insured dated of even date herewith (the “Salary Continuation Agreement”), assuming
that the payments would begin on the date of death and continue for one hundred
and eighty months following retirement, or one hundred percent (100%) of the
total proceeds of the ING Southland Life and the Union Central Life policies,
whichever amount is less.  Present value
calculations shall be made using the assumptions set forth in Section IX(L) of
the Salary Continuation Agreement.

2.                                       Should
the Insured be retired from the Bank at the time of death, the Insured’s
beneficiary(ies), designated in accordance with Paragraph III, shall be
entitled to a lump sum payment equal to the present value of one hundred
percent (100%) of the sum of all remaining payments that would have been made
under Section III(A) of the Salary Continuation Agreement, but for the Insured’s
death, or one hundred percent (100%) of the total proceeds of the ING Southland
Life and the Union Central Life policies, whichever amount is less.  Present value calculations shall be made
using the assumptions set forth in Section IX(L) of the Salary Continuation
Agreement.

B.                                    Additional
Death Benefit

1.                                       Should
the Insured be employed by the Bank at the time of death, the Insured’s
beneficiary(ies), designated in accordance with Paragraph III, shall be entitled
to a lump sum payment equal to the present value of the Additional Retirement
Benefit provided in Section III(B)(1) of that certain Amended Executive Salary
Continuation Agreement between the Bank and Insured dated of even date herewith
(the “Salary Continuation Agreement”), assuming that the payments would begin
on the date of death and continue for one hundred and eighty months following
retirement, or one hundred percent (100%) of the total proceeds of the New York
Life policy, whichever amount is less. 
Present value calculations shall be made using the assumptions set forth
in Section IX(L) of the Salary Continuation Agreement.

2.                                       Should
the Insured be retired from the Bank at the time of death, the Insured’s
beneficiary(ies), designated in accordance with Paragraph III, shall be
entitled to a lump sum payment equal to the present value of one hundred
percent (100%) of the sum of all remaining payments that would have been made
under Section III(B) of the Salary Continuation Agreement, but for the Insured’s
death, or one hundred percent (100%) of the total proceeds of the New York Life
policy, whichever amount is less. 
Present value calculations shall be made using the assumptions set forth
in Section IX(L) of the Salary Continuation Agreement.

C.                                    The
Bank shall be entitled to the remainder of such proceeds.

D.                                    The
Bank and the Insured (or assignees) shall share in any interest due on the
death proceeds on a pro rata basis as the proceeds due each respectively bears
to the total proceeds, excluding any such interest.

VII.                         DIVISION OF THE CASH SURRENDER VALUE OF THE POLICY

During the Insured’s life, the Bank shall at all times
be entitled to an amount equal to the policy’s cash value, as that term is
defined in the policy contract, less any policy loans and unpaid interest or
cash withdrawals previously incurred by the Bank and any applicable surrender
charges.  Such cash value shall be
determined as of the date of surrender. 
Notwithstanding the foregoing, upon Insured’s death, the proceeds of the
policy shall first be used to satisfy the obligations to Insured’s
beneficiaries set forth in Paragraph VI.

 3
 

VIII.                     RIGHTS OF PARTIES WHERE POLICY ENDOWMENT OR ANNUITY
ELECTION EXISTS

In the event the policy involves an endowment or
annuity element, the Bank’s right and interest in any endowment proceeds or
annuity benefits, on expiration of the deferment period, shall be determined
under the provisions of this Agreement by regarding such endowment proceeds or
the commuted value of such annuity benefits as the policy’s cash value. Such
endowment proceeds or annuity benefits shall be considered to be like death
proceeds for the purposes of division under this Agreement.

IX.                             TERMINATION OF AGREEMENT

This Agreement shall terminate upon the occurrence of
any one of the following:

1.                                      The
Insured terminates employment with the Bank voluntarily at any time;

2.                                      The
Insured attains age seventy-nine (79);

3.                                      The
Insured shall be discharged from employment with the Bank for cause. The term
for “cause” shall mean any of the following that result in an adverse effect on
the Bank: (i) gross negligence or gross neglect; (ii) the commission of a
felony or gross misdemeanor involving moral turpitude, fraud, or dishonesty;
(iii) the willful violation of any law, rule, or regulation (other than a
traffic violation or similar offense); (iv) an intentional failure to perform
stated duties; or (v) a breach of fiduciary duty involving personal profit; or

4.                                      Surrender,
lapse, or other termination of the policies by the Bank.

Upon such termination, the Insured (or assignee) shall
have a fifteen (15) day option to receive from the Bank an absolute assignment
of the policy in consideration of a cash payment to the Bank, whereupon this
Agreement shall terminate. Such cash payment referred to above shall be the
greater of:

(a)                                  The
Bank’s share of the cash value of the policy on the date of such assignment, as
defined in this Agreement; or

(b)                                 The
amount of the premiums which have been paid by the Bank prior to the date of
such assignment, plus interest.

If within said fifteen (15) day period, the Insured
fails to exercise said option, fails to tender the required cash payment, or
dies, then the option shall terminate, and the Insured (or assignee) agrees
that all of the Insured’s rights, interest and claims in the policy shall
terminate as of the date of the termination of this Agreement.

 4
 

The Insured expressly agrees that this Agreement shall
constitute sufficient written notice to the Insured of the Insured’s option to
receive an absolute assignment of the policy as set forth herein.

Except as provided above, this Agreement shall
terminate upon distribution of the death benefit proceeds in accordance with
Paragraph VI above.

X.                                 INSURED’S OR ASSIGNEE’S ASSIGNMENT RIGHTS

The Insured may not, without the written consent of
the Bank, assign to any individual, trust or other organization, any right,
title or interest in the subject policy nor any rights, options, privileges or
duties created under this Agreement.

XI.                             AGREEMENT BINDING UPON THE PARTIES

This Agreement shall bind the Insured and the Bank,
their heirs, successors, personal representatives and assigns.

XII.                         ERISA PROVISIONS

The following provisions are part of this Agreement
and are intended to meet the requirements of the Employee Retirement Income
Security Act of 1974 (“ERISA”):

A.                                   Named
Fiduciary and Plan Administrator.

The “Named Fiduciary and Plan Administrator” of this
Endorsement Method Split Dollar Agreement shall be Central Valley Community
Bank. As Named Fiduciary and Plan Administrator, the Bank shall be responsible
for the management, control, and administration of this Split Dollar Plan as
established herein. The Named Fiduciary may delegate to others certain aspects
of the management and operation responsibilities of the Plan, including the employment
of advisors and the delegation of any ministerial duties to qualified
individuals.

B.                                   Funding
Policy.

The funding policy for this Split Dollar Plan shall be
to maintain the subject policy in force by paying, when due, all premiums
required.

C.                                   Basis
of Payment of Benefits.

Direct payment by the Insurer is the basis of payment
of benefits under this Agreement, with those benefits in turn being based on
the payment of premiums as provided in this Agreement.

 5
 

D.                                   Claim
Procedures.

Claim forms or claim information as to the subject
policy can be obtained by contacting Clark Consulting at 952-893-6767. When the
Named Fiduciary has a claim which may be covered under the provisions described
in the insurance policy, he or she should contact the office named above, and
they will either complete a claim form and forward it to an authorized
representative of the Insurer or advise the named Fiduciary what further
requirements are necessary. The Insurer will evaluate and make a decision as to
payment. If the claim is payable, a benefit check will be issued in accordance
with the terms of this Agreement.

In the event that a claim is not eligible under the
policy, the Insurer will notify the Named Fiduciary of the denial pursuant to
the requirements under the terms of the policy. If the Named Fiduciary is
dissatisfied with the denial of the claim and wishes to contest such claim
denial, he or she should contact the office named above and they will assist in
making inquiry to the Insurer. All objections to the Insurer’s actions should
be in writing and submitted to the office named above for transmittal to the
Insurer.

XIII.                     GENDER

Whenever in this Agreement words are used in the
masculine or neuter gender, they shall be read and construed as in the masculine,
feminine or neuter gender, whenever they should so apply.

XIV.                    INSURANCE COMPANY NOT A PARTY TO THIS AGREEMENT

The Insurer shall not be deemed a party to this
Agreement, but will respect the rights of the parties as herein developed upon
receiving an executed copy of this Agreement. Payment or other performance in
accordance with the policy provisions shall fully discharge the Insurer for any
and all liability.

XV.                        AMENDMENT OR REVOCATION

It is agreed by and between the parties hereto that,
during the lifetime of the Insured, this Agreement may be amended or revoked at
any time or times, in whole or in part, by the mutual written consent of the
Insured and the Bank, provided however that following a Change in Control of
the Bank (as that term is defined in the Salary Continuation Agreement), this
Agreement may only be modified by the mutual consent of the Bank and Insured.

XVI.                    EFFECTIVE DATE

The Effective Date of this Agreement shall be December
31, 2006.

XVII.                SEVERABILITY AND INTERPRETATION

If a provision of this Agreement is held to be invalid
or unenforceable, the remaining provisions shall nonetheless be enforceable
according to their terms. Further, in the event that any provision is held to
be over broad as written, such provision shall be deemed amended to narrow its
application to the extent necessary to make the provision enforceable according
to law and enforced as amended.

 6
 

XVIII.            APPLICABLE LAW

The validity and interpretation of this Agreement
shall be governed by applicable federal law and the laws of the State of
California.

XIX.                    COMPETITION AFTER TERMINATION OF EMPLOYMENT

The Bank shall not pay any benefit under this
Agreement if the Insured, without the prior written consent of the Bank,
engages in, becomes interested in, directly or indirectly, as a sole
proprietor, as a partner in a partnership, or as a substantial shareholder in a
corporation, or becomes associated with, in the capacity of employee, director,
officer, principal, agent, trustee or in any other capacity whatsoever, any
enterprise conducted in the trading area (a 50 mile radius) of the business of
the Bank, which enterprise is, or may deemed to be, competitive with any
business carried on by the Bank as of the date of termination of the Insured’s
employment or his retirement. This section shall not apply following a Change
of Control.

Executed at Fresno, California on 12/31/06.

	
  BANK:  

  	
   

  	
  INSURED:
  

  
	
   

  	
   

  	
   

  
	
  CENTRAL VALLEY
  COMMUNITY BANK 

  	
   

  	
  SHIRLEY WILBURN 

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  /s/ Shirley Wilburn  

  	
   

  
	
  By:

  	
  /s/ Daniel J. Doyle  

  	
   

  	
   

  	
  Shirley Wilburn

  	
   

  
	
  Name: Daniel J. Doyle 

  	
   

  	
   

  
	
  Title: President and
  Chief Executive Officer

  	
   

  	
   

  
							

 

 7
 

BENEFICIARY
DESIGNATION FORM

FOR LIFE
INSURANCE ENDORSEMENT METHOD

SPLIT DOLLAR
PLAN AGREEMENT

PRIMARY DESIGNATION:

	
  Name

  	
   

  	
  Address

  	
   

  	
  Relationship

  	
   

  
	
                          

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
                        

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
                            

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

SECONDARY (CONTINGENT)
DESIGNATION:

 

 

All sums payable under the Life Insurance Endorsement
Method Split Dollar Plan Agreement by reason of my death shall be paid to the
Primary Beneficiary, if he or she survives me, and if no Primary Beneficiary
shall survive me, then to the Secondary (Contingent) Beneficiary.

	
  

  	
   

  	
   

  	
   

  	
   

  
	
  Shirley
  Wilburn

  	
   

  	
  Date

  

 

 8Exhibit 10.70

 

AMENDED EXECUTIVE SALARY CONTINUATION AGREEMENT

This Amended
Executive Salary Continuation Agreement (the “Agreement”)
is made effective as of December 31, 2006 (the “Effective
Date”), and is entered into by and between Central Valley Community
Bank (the “Bank”) and Shirley Wilburn (the “Executive”), each a “Party”
and together the “Parties.”  This Agreement amends in its entirety that
certain Executive Salary Continuation Agreement dated April 1, 2001 by and
between the Bank and Executive, which was subsequently amended by the Parties
on February 1, 2005 (as amended, the “Prior Agreement”).

RECITALS

A.            The Executive is a valued Executive of the Bank.

B.            In 2001, the Bank’s Board of Directors (the “Board”) determined that the Executive’s services to the Bank
were valuable, and, accordingly, agreed to make certain payments to the
Executive pursuant to the Prior Agreement.

C.            In 2005, the Bank agreed to provide an additional benefit
and amended the Prior Agreement.

D.            Certain parts of the Agreement are inconsistent with the
original intent of the Parties. 
Accordingly, the Parties now wish to clarify their original intent by
amending the Agreement as provided herein.

E.             The Parties intend that this Agreement shall be
considered an unfunded arrangement maintained primarily to provide supplemental
retirement benefits for the Executive, and shall be considered a non-qualified
benefit plan for purposes of the tax Code and the Employee Retirement Security
Act of 1974, as amended (“ERISA”).  The Executive is fully advised of the Bank’s
financial status and has had input in the design of this plan.

AGREEMENT

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:

I.              EMPLOYMENT

The Bank agrees to employ
the Executive in such capacity as the Bank may from time to time determine.  The Executive will continue in the employ of
the Bank in such capacity and with such duties and responsibilities as may be
assigned to her, and with such compensation as may be determined from time to
time by the Board.  At all times, unless
modified in writing, employment shall be deemed at-will.

 1
 

II.            FRINGE BENEFITS

The salary continuation benefits
provided by this Agreement are granted by the Bank as a fringe benefit to the
Executive and are not part of any salary reduction plan or an arrangement
deferring a bonus or a salary increase.  The
Executive has no option to take any current payment or bonus in lieu of these benefits
except as specifically set forth hereinafter.

III.           RETIREMENT AND EARLY RETIREMENT BENEFIT

A.            Original
Benefit

1.             Retirement Benefit.

If
the Executive Retires on or after the December 31, 2007, the Bank shall pay the
Executive an annual retirement benefit equal to Forty Thousand Dollars
($40,000), in equal monthly installments (1/12 of the annual benefit) for a
period of one hundred and eighty (180) months, commencing with the first day of
the month following the date of the Executive’s Retirement.  Beginning on the thirteenth month that the
retirement benefit is paid, and continuing thereafter until paid in full, the
annual benefit shall be increased each year by three percent (3%) from the
previous year’s benefit to account for cost of living increases.  In the event of death, Section V of this
Agreement shall control.

For
purposes of this Agreement, “Retirement” and “Retire” shall mean that the
Executive remains in the continuous employ of the Bank from the date of this
Agreement and then retires from active employment (and her employment
terminates) with the Bank, after having attained age sixty (60).

2.             Early Retirement Benefit.

If
the Executive Retires prior to December 31, 2007, the Bank shall pay the
Executive an annual early retirement benefit, based on the month of retirement,
equal to:

	
  Month of Retirement

  	
   

  	
  Amount of Early Retirement Benefit

  	
   

  
	
  December, 2006

  	
   

  	
  $

  	
  36,000

  	
   

  
	
  January, 2007

  	
   

  	
  $

  	
  36,333

  	
   

  
	
  February, 2007

  	
   

  	
  $

  	
  36,667

  	
   

  
	
  March, 2007

  	
   

  	
  $

  	
  37,000

  	
   

  
	
  April, 2007

  	
   

  	
  $

  	
  37,333

  	
   

  
	
  May, 2007

  	
   

  	
  $

  	
  37,667

  	
   

  
	
  June, 2007

  	
   

  	
  $

  	
  38,000

  	
   

  
	
  July, 2007

  	
   

  	
  $

  	
  38,333

  	
   

  
	
  August, 2007

  	
   

  	
  $

  	
  38,667

  	
   

  
	
  September, 2007

  	
   

  	
  $

  	
  39,000

  	
   

  
	
  October, 2007

  	
   

  	
  $

  	
  39,333

  	
   

  
	
  November, 2007

  	
   

  	
  $

  	
  39,667

  	
   

  
	
  December, 2007

  	
   

  	
  $

  	
  40,000

  	
   

  

 

 2
 

The
early retirement benefit shall be paid in equal monthly installments (1/12 of
the annual benefit) for a period of one hundred and eighty (180) months,
commencing with the first day of the month following the date of the Executive’s
Retirement.  Beginning on the thirteenth
month that the benefit is paid, and continuing thereafter until paid in full,
the annual benefit shall be increased each year by three percent (3%) from the
previous year’s benefit to account for cost of living increases.  In the event of death, Section V of this
Agreement shall control.

B.            Additional
Benefit

1.             Additional Retirement Benefit.

If
the Executive Retires on or after the December 31, 2013, the Bank shall pay the
Executive an additional retirement benefit as a lump sum, which shall be equal
to the present value (determined in accordance with the assumptions set forth
in Section IX(L)) of Ten Thousand Dollars ($10,000) paid in equal monthly
installments (1/12 of the annual benefit) for a period of one hundred and
eighty (180) months, commencing with the first day of the month following the
date of the Executive’s Retirement, with 3% cost of living increases annually
after the first year.  In the event of
death, Section V of this Agreement shall control.

2.             Additional Early Retirement Benefit.

If
the Executive Retires prior to December 31, 2013, the Bank shall pay the
Executive an additional early retirement benefit as a lump sum which shall be
equal to the present value (determined in accordance with the assumptions set
forth in Section IX(L)) of the following amounts (based on the month in which
Executive retires):

	
  Month of Retirement

  	
   

  	
  Amount of Early Retirement Benefit

  	
   

  
	
  December, 2006

  	
   

  	
  $

  	
  3,000

  	
   

  
	
  January, 2007

  	
   

  	
  $

  	
  3,083

  	
   

  
	
  February, 2007

  	
   

  	
  $

  	
  3,167

  	
   

  
	
  March, 2007

  	
   

  	
  $

  	
  3,250

  	
   

  
	
  April, 2007

  	
   

  	
  $

  	
  3,333

  	
   

  
	
  May, 2007

  	
   

  	
  $

  	
  3,417

  	
   

  
	
  June, 2007

  	
   

  	
  $

  	
  3,500

  	
   

  
	
  July, 2007

  	
   

  	
  $

  	
  3,583

  	
   

  
	
  August, 2007

  	
   

  	
  $

  	
  3,667

  	
   

  
	
  September, 2007

  	
   

  	
  $

  	
  3,750

  	
   

  
	
  October, 2007

  	
   

  	
  $

  	
  3,833

  	
   

  
	
  November, 2007

  	
   

  	
  $

  	
  3,917

  	
   

  
	
  December, 2007

  	
   

  	
  $

  	
  4,000

  	
   

  
	
  January, 2008

  	
   

  	
  $

  	
  4,083

  	
   

  
	
  February, 2008

  	
   

  	
  $

  	
  4,167

  	
   

  
	
  March, 2008

  	
   

  	
  $

  	
  4,250

  	
   

  
	
  April, 2008

  	
   

  	
  $

  	
  4,333

  	
   

  
	
  May, 2008

  	
   

  	
  $

  	
  4,417

  	
   

  
	
  June, 2008

  	
   

  	
  $

  	
  4,500

  	
   

  

 

 3
 

 

	
  July, 2008

  	
   

  	
  $

  	
  4,583

  	
   

  
	
  August, 2008

  	
   

  	
  $

  	
  4,667

  	
   

  
	
  September, 2008

  	
   

  	
  $

  	
  4,750

  	
   

  
	
  October, 2008

  	
   

  	
  $

  	
  4,833

  	
   

  
	
  November, 2008

  	
   

  	
  $

  	
  4,917

  	
   

  
	
  December, 2008

  	
   

  	
  $

  	
  5,000

  	
   

  
	
  January, 2009

  	
   

  	
  $

  	
  5,083

  	
   

  
	
  February, 2009

  	
   

  	
  $

  	
  5,167

  	
   

  
	
  March, 2009

  	
   

  	
  $

  	
  5,250

  	
   

  
	
  April, 2009

  	
   

  	
  $

  	
  5,333

  	
   

  
	
  May, 2009

  	
   

  	
  $

  	
  5,417

  	
   

  
	
  June, 2009

  	
   

  	
  $

  	
  5,500

  	
   

  
	
  July, 2009

  	
   

  	
  $

  	
  5,583

  	
   

  
	
  August, 2009

  	
   

  	
  $

  	
  5,667

  	
   

  
	
  September, 2009

  	
   

  	
  $

  	
  5,750

  	
   

  
	
  October, 2009

  	
   

  	
  $

  	
  5,833

  	
   

  
	
  November, 2009

  	
   

  	
  $

  	
  5,917

  	
   

  
	
  December, 2009

  	
   

  	
  $

  	
  6,000

  	
   

  
	
  January, 2010

  	
   

  	
  $

  	
  6,083

  	
   

  
	
  February, 2010

  	
   

  	
  $

  	
  6,167

  	
   

  
	
  March, 2010

  	
   

  	
  $

  	
  6,250

  	
   

  
	
  April, 2010

  	
   

  	
  $

  	
  6,333

  	
   

  
	
  May, 2010

  	
   

  	
  $

  	
  6,417

  	
   

  
	
  June, 2010

  	
   

  	
  $

  	
  6,500

  	
   

  
	
  July, 2010

  	
   

  	
  $

  	
  6,583

  	
   

  
	
  August, 2010

  	
   

  	
  $

  	
  6,667

  	
   

  
	
  September, 2010

  	
   

  	
  $

  	
  6,750

  	
   

  
	
  October, 2010

  	
   

  	
  $

  	
  6,833

  	
   

  
	
  November, 2010

  	
   

  	
  $

  	
  6,917

  	
   

  
	
  December, 2010

  	
   

  	
  $

  	
  7,000

  	
   

  
	
  January, 2011

  	
   

  	
  $

  	
  7,083

  	
   

  
	
  February, 2011

  	
   

  	
  $

  	
  7,167

  	
   

  
	
  March, 2011

  	
   

  	
  $

  	
  7,250

  	
   

  
	
  April, 2011

  	
   

  	
  $

  	
  7,333

  	
   

  
	
  May, 2011

  	
   

  	
  $

  	
  7,417

  	
   

  
	
  June, 2011

  	
   

  	
  $

  	
  7,500

  	
   

  
	
  July, 2011

  	
   

  	
  $

  	
  7,583

  	
   

  
	
  August, 2011

  	
   

  	
  $

  	
  7,667

  	
   

  
	
  September, 2011

  	
   

  	
  $

  	
  7,750

  	
   

  
	
  October, 2011

  	
   

  	
  $

  	
  7,833

  	
   

  
	
  November, 2011

  	
   

  	
  $

  	
  7,917

  	
   

  
	
  December, 2011

  	
   

  	
  $

  	
  8,000

  	
   

  
	
  January, 2012

  	
   

  	
  $

  	
  8,083

  	
   

  
	
  February, 2012

  	
   

  	
  $

  	
  8,167

  	
   

  
	
  March, 2012

  	
   

  	
  $

  	
  8,250

  	
   

  
	
  April, 2012

  	
   

  	
  $

  	
  8,333

  	
   

  
	
  May, 2012

  	
   

  	
  $

  	
  8,417

  	
   

  
	
  June, 2012

  	
   

  	
  $

  	
  8,500

  	
   

  
	
  July, 2012

  	
   

  	
  $

  	
  8,583

  	
   

  
	
  August, 2012

  	
   

  	
  $

  	
  8,667

  	
   

  

 

 4
 

 

	
  September, 2012

  	
   

  	
  $

  	
  8,750

  	
   

  
	
  October, 2012

  	
   

  	
  $

  	
  8,833

  	
   

  
	
  November, 2012

  	
   

  	
  $

  	
  8,917

  	
   

  
	
  December, 2012

  	
   

  	
  $

  	
  9,000

  	
   

  
	
  January, 2013

  	
   

  	
  $

  	
  9,083

  	
   

  
	
  February, 2013

  	
   

  	
  $

  	
  9,167

  	
   

  
	
  March, 2013

  	
   

  	
  $

  	
  9,250

  	
   

  
	
  April, 2013

  	
   

  	
  $

  	
  9,333

  	
   

  
	
  May, 2013

  	
   

  	
  $

  	
  9,417

  	
   

  
	
  June, 2013

  	
   

  	
  $

  	
  9,500

  	
   

  
	
  July, 2013

  	
   

  	
  $

  	
  9,583

  	
   

  
	
  August, 2013

  	
   

  	
  $

  	
  9,667

  	
   

  
	
  September, 2013

  	
   

  	
  $

  	
  9,750

  	
   

  
	
  October, 2013

  	
   

  	
  $

  	
  9,833

  	
   

  
	
  November, 2013

  	
   

  	
  $

  	
  9,917

  	
   

  
	
  December, 2013

  	
   

  	
  $

  	
  10,000

  	
   

  

 

calculated
as if paid in equal monthly installments (1/12 of the annual benefit) for a
period of one hundred and eighty (180) months, commencing with the first day of
the month following the date of the Executive’s Retirement, with 3% cost of
living increases annually after the first year. 
In the event of death, Section V of this Agreement shall control.

IV.           DEATH BENEFIT

In the event of the
Executive’s death, no Benefits shall be payable hereunder and this Agreement
shall automatically terminate.  If the
Executive is already in pay status at the time of her death, no further
payments will be made, and her right to any additional payments will terminate.  Notwithstanding the foregoing, in the event
that the Policies described in that certain Amended Life Insurance Endorsement
Method Split Dollar Plan Agreement between the Bank and Executive of even date
herewith (the “Split Dollar Plan”) are surrendered, lapse or are otherwise
terminated by the Bank, and the Bank does not replace such Policies with other
comparable life insurance, such that no death benefits are payable under the
Split Dollar Plan, then in the event of Executive’s death, Executive’s
beneficiaries under the Split Dollar Plan shall be entitled to the payment of
the benefits, if any, described in Section VI(A) or VI(B) of the Split Dollar
Plan, as applicable, in lieu of any other benefit under this Agreement.

V.            TERMINATION OF EMPLOYMENT AND DISABILITY

A.            Termination of Employment.

Except as provided in (B)
below, if the Executive terminates employment prior to Retirement, the Bank
shall pay the Executive benefits as provided in III(A) and III(B) above, equal
to the amount and in the same form that the Executive would have received had
she retired on the first day of the month during which the termination
occurred.  In the event of death, Section
V of this Agreement shall control.

 5
 

B.            Termination of Employment For Cause.

In the event Executive’s employment
terminates For Cause prior to Retirement, then this Agreement shall immediately
terminate and the Executive shall forfeit all benefits and shall not be
entitled to receive any benefits under this Agreement.  “For Cause” shall mean any of the following
actions by Executive that result in an adverse effect on the Bank: (1) gross
negligence or gross neglect; (2) the commission of a felony or gross
misdemeanor involving moral turpitude, fraud, or dishonesty; (3) the willful
violation of any law, rule, or regulation (other than a traffic violation or
similar offense); (4) an intentional failure to perform stated duties; or (5) a
breach of fiduciary duty involving personal profit.  If a dispute arises as to whether termination
of employment was For Cause, such dispute shall be resolved by arbitration as
set forth in this Agreement.

C.            Disability.

In the event the
Executive becomes Disabled prior to retirement or termination of employment,
and Executive’s employment terminates because of such Disability, the Bank
shall pay the Executive benefits as provided in III(A) and III(B) above, equal
to the amount and in the same form that the Executive would have received had
she retired on the first day of the month in which termination of employment
due to Disability occurred.  “Disabled”
or “Disability” shall mean that the Executive (1) is unable to engage in any
substantial gainful activity by reason of any medically determinable physical
or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months; or (2) is,
by reason of any medically determinable physical or mental impairment which can
be expected to result in death or can be expected to last for a continuous
period of not less than 12 months, receiving income replacement benefits for a
period of not less than 3 months under an accident and health plan covering
Bank employees.  If there is a dispute
regarding whether the Executive is Disabled, such dispute shall be resolved by
a mutually agreeable physician.  Such
resolution shall be binding upon all Parties to this Agreement.  The determination of Disability shall be made
in a uniform and nondiscriminatory manner applied to all Bank employees under
similar circumstances.  Notwithstanding
anything to the contrary, the term “Disability” shall be interpreted in
accordance with Section 409A.  In the
event of death, Section V of this Agreement shall control.

VI.           CHANGE
OF CONTROL

Upon
a Change of Control, if, within twelve (12) months of the Change of Control,
(i) the Executive’s employment terminates (voluntarily or involuntarily) for
any reason, other than For Cause; (ii) the Executive’s job responsibilities
substantially change; or (iii) the Executive is relocated, then the Bank shall
pay the Executive a lump sum payment equal to the present value (calculated
using the assumptions set forth in section IX(L), determined as of the date of
payment) of one hundred percent (100%) of the benefit that the Executive would
have received under Section III(A) had the Executive been employed by the Bank
until December 31, 2007, and the benefit that the Executive would have received
under Section III(B) had the Executive been employed by the Bank until
December 31, 2013.  The lump sum
payment shall be made on the first day of the month following the date of the
act giving rise to the payment (i.e., the date of termination of employment,
substantial change in job responsibilities or relocation).  Change of Control benefit projections are
described in Exhibit A attached hereto.

 6
 

A “Change of Control”
shall be deemed to have occurred on the date that any one person, or more than
one person acting as a group, acquires ownership of stock of the Bank that,
together with stock held by such person or group, constitutes more than fifty
percent (50%) of the total fair market value or total voting power of the stock
of the Bank.  However, if any one person
or more than one person acting as a group, is considered to own more than fifty
percent (50%) of the total fair market value or total voting power of the stock
of Bank, the acquisition of additional stock by the same person or persons will
not be considered to cause a Change of Control of the Bank.  Further, an increase in the percentage of
stock owned by any one person, or persons acting as a group, as a result of a
transaction in which the Bank acquires its stock in exchange for property will
not be considered to cause a Change of Control of the Bank.  Transfers of Bank stock on account of deaths
or gifts, transfers between family members or transfers to a qualified
retirement plan maintained by the Bank shall not be considered in determining
whether there has been a Change of Control. 
For purposes of this Section, the term “Bank” shall include any holding
company, meaning any corporation that is a majority shareholder of the
Bank.  A “Change of Control” shall be
interpreted in accordance with the definition of “Change in Ownership” under
Section 409A, and to the extent that an event or series of events does not
constitute a “Change in Ownership” under Section 409A, the event or series of
events shall not constitute a “Change of Control” under this Agreement.

VII.         SPECIFIED
EMPLOYEE REQUIREMENTS

Notwithstanding anything
to the contrary, benefit payments made under this Agreement shall be delayed so
that no payments are made during the first six (6) months following termination
of employment, if such delay is required by the Specified Employee requirements
of section 409A.

VIII.        RESTRICTIONS
ON FUNDING

The
Bank shall have no obligation to set aside, earmark or entrust any fund or
money with which to pay its obligations under this Agreement.  The Executive or any successor in interest
shall be and remain simply a general creditor of the Bank in the same manner as
any other creditor having a general claim for matured and unpaid compensation.

The
Bank reserves the absolute right, at its sole discretion, to purchase life
insurance in amounts sufficient to secure the Benefits provided under this
Agreement.  The Bank further reserves the
absolute right, at its sole discretion, to establish a grantor trust which may
be used to hold assets of the Bank which are maintained as reserves against the
Bank’s unfunded, unsecured obligations hereunder.  Such reserves shall at all times be subject
to the claims of the Bank’s creditors and the creditors of any affiliate of the
Bank that is also an employer of the Executive. 
To the extent such trust or other vehicle is established, the Bank’s
obligations hereunder shall be reduced to the extent such assets are utilized
to meet its obligations hereunder.  Any
such trust and the assets held thereunder are intended to conform in substance
to the terms of the model trust described in Revenue Procedure 92-64, 1992-33
IRB 11 (8-17-92).  The Bank reserves the
absolute right, in its sole discretion, to terminate any such life insurance or
grantor trust at any time, in whole or in part.  At no time shall any Executive be deemed to
have any lien or right, title or interest in or to any specific investment or
to any assets of the Bank.  If the Bank
elects to invest in a life insurance, disability or annuity policy upon the
life of the Executive, then the

 7
 

Executive
shall assist the Bank by freely submitting to a physical exam and supplying
such additional information necessary to obtain such insurance or annuities.

IX.           MISCELLANEOUS

A.            Alienability and Assignment Prohibition.

Neither the Executive, nor the Executive’s spouse, nor any other
beneficiary(ies) under this Agreement shall have any power or right to
transfer, assign, anticipate, hypothecate, mortgage, commute, modify or
otherwise encumber in advance any of the Benefits payable hereunder nor shall
any of such Benefits be subject to seizure for the payment of any debts,
judgments, alimony or separate maintenance owed by the Executive or the
Executive’s beneficiary(ies), nor be transferable by operation of law in the
event of bankruptcy, insolvency or otherwise.  In the event the Executive or any beneficiary
attempts assignment, commutation, hypothecation, transfer or disposal of the Benefits
hereunder, the Bank’s liabilities and obligations under this Agreement shall
cease and terminate immediately.

B.            Binding Obligation of the Bank and any Successor in
Interest.

The Bank shall not merge or consolidate into or with another bank or
sell substantially all of its assets to another bank, firm or person until such
bank, firm or person expressly agrees, in writing, to assume and discharge the
duties and obligations of the Bank under this Agreement.  This Agreement shall be binding upon the Parties
hereto, their successors, beneficiaries, heirs and personal representatives.

C.            Amendment or Revocation.

It is agreed by and between the Parties hereto that, during the lifetime
of the Executive, this Agreement may be amended or revoked at any time or
times, in whole or in part, by the mutual written consent of the Executive and
the Bank.

D.            Gender.

Whenever in this Agreement words are used in the masculine or neuter
gender, they shall be read and construed as in the masculine, feminine or
neuter gender, whenever they should so apply.

E.             Effect on Other Bank Benefit Plans.

Nothing contained in this Agreement shall affect the right of the
Executive to participate in or be covered by any qualified or non-qualified
pension, profit-sharing, group, bonus or other supplemental compensation or
fringe benefit plan constituting a part of the Bank’s existing or future
compensation structure.

F.             Headings.

Headings and subheadings in this Agreement are inserted for reference
and convenience only and shall not be deemed a part of this Agreement.

 8
 

G.            Applicable Law.

The validity and interpretation of this Agreement shall be governed by
applicable federal law and the laws of the State of California.

H.            12 U.S.C. § 1828(k).

Any payments made to the Executive pursuant to this Agreement, or
otherwise, are subject to and conditioned upon their compliance with 12 U.S.C.
§ 1828(k) or any regulations promulgated thereunder.

I.              Partial Invalidity.

If any term, provision, covenant, or condition of this Agreement is
determined by an arbitrator or a court, as the case may be, to be invalid,
void, or unenforceable, such determination shall not render any other term,
provision, covenant, or condition invalid, void, or unenforceable, and the Agreement
shall remain in full force and effect notwithstanding such partial invalidity.

J.             Not a Contract of Employment.

This Agreement shall not be deemed to constitute a contract of
employment between the Parties hereto, nor shall any provision hereof restrict
the right of the Bank to discharge the Executive, or restrict the right of the
Executive to terminate employment.

K.            Effective Date.

The Effective Date of this Agreement shall be December 31, 2006.

L.             Present Value.

All present value calculations under this Agreement shall be based on
the following discount rate:

	
  Discount Rate:

  	
   

  	
  The discount rate as used in the APB 12 calculations
  for this Agreement.

  

 

M.           Contradiction in Terms of Agreement and Exhibits.

If there is a contradiction in the terms of this agreement and the
exhibits attached hereto with respect to the benefits payable, then the terms
set forth in the Agreement shall control.

X.            ERISA PROVISIONS

A.            Named Fiduciary and Plan Administrator.

The “Named Fiduciary and Plan Administrator”
of this Agreement shall be Central Valley Community Bank.  The Board, in its discretion, may appoint one
or more individuals to serve in this capacity. 
As Named Fiduciary and Plan Administrator, the Bank shall be responsible
for the management, control and administration of the Agreement.  The Named Fiduciary may delegate

 9
 

to others certain aspects of the management and operation
responsibilities of the Agreement including the employment of advisors and the
delegation of ministerial duties to qualified individuals.

B.            Claims Procedure and Arbitration.

In the event a dispute arises with respect to Benefits under this Agreement
and the disputed Benefits are not paid, then the Executive or his beneficiaries
may make a written claim to the Named Fiduciary and Plan Administrator named
above within sixty (60) days from the date payments are refused.  The Named Fiduciary and Plan Administrator
shall review the written claim and if the claim is denied, in whole or in part,
they shall respond in writing within sixty (60) days of receipt of such claim,
stating specific reasons for such denial, reference to the provisions of this Agreement
upon which the denial is based and any additional material or information
necessary to perfect the claim.  Such
written notice shall further indicate the additional steps to be taken by
claimant(s) if a further review of the claim is desired.  A claim shall be deemed denied if the Named
Fiduciary and Plan Administrator fail to take any action within the aforesaid
sixty-day period.

If claimants desire a second review they shall notify the Named
Fiduciary and Plan Administrator in writing within sixty (60) days of the first
claim denial.  Claimants may review this Agreement
or any documents relating thereto and submit any written issues and comments it
may feel appropriate.  In their sole
discretion, the Named Fiduciary and Plan Administrator shall then review the
second claim and provide a written decision within sixty (60) days of receipt
of such claim.  This decision shall
likewise state the specific reasons for the decision and shall include reference
to specific provisions of this Agreement upon which the decision is based.

If claimants continue to dispute the Benefit denial based upon completed
performance of this Agreement or the meaning and effect of the terms and
conditions thereof, then claimants may submit the dispute to an Arbitrator for
final arbitration.  The Arbitrator shall
be selected by mutual agreement of the Bank and the claimants.  The Arbitrator shall operate under any
generally recognized set of arbitration rules.  The Parties hereto agree that they and their
heirs, personal representatives, successors and assigns shall be bound by the
decision of such Arbitrator with respect to any controversy properly submitted
to it for determination.

Where a dispute arises as to Benefits forfeited as a result of the Bank’s
discharge of the Executive For Cause, such Benefits dispute shall likewise be
submitted to arbitration as above-described and the Parties hereto agree to be
bound by the decision thereunder.

XI.                                TERMINATION OR MODIFICATION OF AGREEMENT BY REASON
OF CHANGES IN THE LAW, RULES OR REGULATIONS

The Bank is entering into
this Agreement upon the assumption that certain existing tax laws, rules and
regulations will continue in effect in their current form.  If any such assumptions should change and such
change has a detrimental effect on this Agreement, then the Bank reserves the
right to terminate or modify this Agreement accordingly.  Upon a Change of Control, this paragraph shall
become null and void effective immediately upon such Change of Control.

 10
 

XII.         EXCESS
PARACHUTE PAYMENTS

Notwithstanding any
provision of this Agreement to the contrary, if all or a portion of any benefit
payment under this Agreement, alone or together with any other compensation or
benefit, will be a non-deductible expense to the Bank by reason of Code section
280G, the Bank may, in its sole discretion, reduce the benefits payable under
this Agreement as necessary to avoid the application of section 280G.  The Bank shall have the power to reduce
benefits payable under this Agreement to zero, if necessary.

XIII.        COMPETITION
AFTER TERMINATION OF EMPLOYMENT

The Bank shall not pay
any benefit under this Agreement if the Executive, without the prior written
consent of the Bank, engages in, becomes interested in, directly or indirectly,
as a sole proprietor, as a partner in a partnership, or as a substantial
shareholder in a corporation, or becomes associated with, in the capacity of
employee, director, officer, principal, agent, trustee or in any other capacity
whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of
the business of the Bank, which enterprise is, or may deemed to be, competitive
with any business carried on by the Bank as of the date of termination of the
Executive’s employment or his retirement.  This section shall not apply following a
Change of Control.

XIV.        PROHIBITION
AGAINST ACCELERATION.

Notwithstanding anything to the contrary, neither the
time nor amount of payments under this Agreement may be accelerated unless such
acceleration is permissible under both applicable law and under the Agreement.

IN WITNESS WHEREOF, the Parties
hereto acknowledge that each has carefully read this Agreement and executed
the original thereof on 12/31/06 and that, upon execution, each has received a
conforming copy.

	
  BANK:

  	
   

  	
  EXECUTIVE:

  
	
   

  	
   

  	
   

  
	
  CENTRAL VALLEY
  COMMUNITY BANK

  	
   

  	
  SHIRLEY WILBURN

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Daniel J.
  Doyle

  	
   

  	
   

  	
  /s/ Shirley Wilburn

  	
   

  
	
  Name: Daniel J.
  Doyle

  	
   

  	
  Shirley Wilburn

  
	
  Title: President
  and Chief Executive Officer

  	
   

  	
   

  
						

 

 11
 

EXHIBIT A

	
  Executive Salary Continuation Plan

  	
   

  	
  Plan Year Reporting

  
	
  Schedule
  A

  	
   

  	
   

  

 

Shirley Gail Wilburn

Birth Date:
2/4/1943

Plan Anniversary Date: 1/1/2006

Normal Retirement: 12/31/2013, Age 70

Payments:
Monthly for 15 years

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Early Retirement

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  12/31/2006

  	
   

  	
  Disability

  	
   

  	
  Change in Control

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Lump Sum Benefit

  	
   

  	
  Annual Benefit

  	
   

  	
  Lump Sum Benefit

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Amount Payable at

  	
   

  	
  Amount Payable at

  	
   

  	
  Amount Payable at

  	
   

  
	
  Values

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Accrual

  	
   

  	
  Separation from Service

  	
   

  	
  Separation from Service

  	
   

  	
  Separation from Service

  	
   

  
	
  as of

  	
   

  	
  Discount Rate

  	
   

  	
  Benefit Level

  	
   

  	
  Balance

  	
   

  	
  Vesting

  	
   

  	
  Based on

  	
   

  	
  Vesting

  	
   

  	
  Based on

  	
   

  	
  Vesting

  	
   

  	
  Based on Accrual

  	
   

  
	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
   

  	
  (3)

  	
   

  	
  (4)

  	
   

  	
  (5)

  	
   

  	
  (6)

  	
   

  	
  (7)

  	
   

  	
  (8)

  	
   

  	
  (9)

  	
   

  
	
  Dec 2006

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  35,726

  	
   

  	
  100

  	
  %

  	
  35,726

  	
   

  	
  100

  	
  %

  	
  3,000

  	
   

  	
  100

  	
  %

  	
  78,328

  	
   

  
	
  Dec 2007(1)

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  47,635

  	
   

  	
  100

  	
  %

  	
  47,635

  	
   

  	
  100

  	
  %

  	
  4,000

  	
   

  	
  100

  	
  %

  	
  83,159

  	
   

  
	
  Dec 2008

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  59,544

  	
   

  	
  100

  	
  %

  	
  59,544

  	
   

  	
  100

  	
  %

  	
  5,000

  	
   

  	
  100

  	
  %

  	
  88,288

  	
   

  
	
  Dec 2009

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  71,453

  	
   

  	
  100

  	
  %

  	
  71,453

  	
   

  	
  100

  	
  %

  	
  6,000

  	
   

  	
  100

  	
  %

  	
  93,734

  	
   

  
	
  Dec 2010

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  83,361

  	
   

  	
  100

  	
  %

  	
  83,361

  	
   

  	
  100

  	
  %

  	
  7,000

  	
   

  	
  100

  	
  %

  	
  99,515

  	
   

  
	
  Dec 2011

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  95,270

  	
   

  	
  100

  	
  %

  	
  95,270

  	
   

  	
  100

  	
  %

  	
  8,000

  	
   

  	
  100

  	
  %

  	
  105,653

  	
   

  
	
  Dec 2012

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  107,179

  	
   

  	
  100

  	
  %

  	
  107,179

  	
   

  	
  100

  	
  %

  	
  9,000

  	
   

  	
  100

  	
  %

  	
  112,169

  	
   

  
	
  Dec 2013

  	
   

  	
  6.00

  	
  %

  	
  10,000

  	
   

  	
  119,088

  	
   

  	
  100

  	
  %

  	
  119,088

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  119,088

  	
   

  
																						

 

December
31, 2013 Retirement; January 1, 2014 First Payment Date

(1)
The first line reflects 12 months of data, January 2007 to December 2007

 

(2)
The benefit mount includes a 3.00% guaranteed inflator in the payout period.

 

(3) Beginning on the first
anniversary during the applicable installment period and each anniversary
thereafter, the annual benefit amount shall increase by 3.00%.  The annual benefit amount will be distributed
in 12 equal monthly payments for a total of 18

1).  The Normal Retirement Benfit
is payable in a lump sum, based on the Present Value of $10,000 annual benefit
paid in 180 monthly installments, assuming a 3% annual inflator after the first
year.  

2).  The Early Retirement Benefit above is the
Present

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

 12
 

Shirley Gail Wilburn

Birth Date:
2/4/1943

Plan Anniversary Date: 1/1/2006

Normal Retirement: 12/31/2013, Age 64

Payments:
Monthly for 15 years

	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Early Retirement

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  12/31/2006

  	
   

  	
  Disability

  	
   

  	
  Change in Control

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Lump Sum Benefit

  	
   

  	
  Annual Benefit

  	
   

  	
  Lump Sum Benefit

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Amount Payable at

  	
   

  	
  Amount Payable at

  	
   

  	
  Amount Payable at

  	
   

  
	
  Values

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Accrual

  	
   

  	
  Separation from Service

  	
   

  	
  Separation from Service

  	
   

  	
  Separation from Service

  	
   

  
	
  as of

  	
   

  	
  Discount Rate

  	
   

  	
  Benefit Level

  	
   

  	
  Balance

  	
   

  	
  Vesting

  	
   

  	
  Based on

  	
   

  	
  Vesting

  	
   

  	
  Based on

  	
   

  	
  Vesting

  	
   

  	
  Based on Accrual

  	
   

  
	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
   

  	
  (3)

  	
   

  	
  (4)

  	
   

  	
  (5)

  	
   

  	
  (6)

  	
   

  	
  (7)

  	
   

  	
  (8)

  	
   

  	
  (9)

  	
   

  
	
  Dec 2006

  	
   

  	
  6.00

  	
  %

  	
  40,000

  	
   

  	
  428,715

  	
   

  	
  100

  	
  %

  	
  36,000

  	
   

  	
  100

  	
  %

  	
  36,000

  	
   

  	
  100

  	
  %

  	
  448,677

  	
   

  
	
  Dec 2007(1)

  	
   

  	
  6.00

  	
  %

  	
  40,000

  	
   

  	
  476,350

  	
   

  	
  100

  	
  %

  	
  40,000

  	
   

  	
  100

  	
  %

  	
  40,000

  	
   

  	
  100

  	
  %

  	
  476,350

  	
   

  
																						

 

December
31, 2007 Retirement; January 1, 2008 First Payment Date

(1) The first line
reflects 12 months of data, January 2007 to December 2007

 

(2) The benefit
mount includes a 3.00% guaranteed inflator in the payout period.

 

(3) Beginning on
the first anniversary during the applicable installment period and each
anniversary thereafter, the annual benefit amount shall increase by 3.00%. The
annual benefit amount will be distributed in 12 equal monthly payments for a
total of 18

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

 13

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00120-of-00352.parquet"}]]