SEC Contract Filing

Filing Date: 2016-05-31

Document Content:
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<TYPE>EX-10.11
<SEQUENCE>12
<FILENAME>ex10_11.htm
<DESCRIPTION>EXHIBIT 10.11
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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: right"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B>Exhibit
10.11</B></FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jim D.
Black</FONT></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 10pt"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Page <B>1
</B>of <B>7</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FIRST
NATIONAL BANK OF NORTHERN CALIFORNIA</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">976
EL CAMINO REAL</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">SOUTH
SAN FRANCISCO, CA 94080</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">May 27,
2016</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Jim D. Black</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">President</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">First National
Bank of Northern California</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Re:
Amended and Restated Management Continuity Agreement (2016)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Dear [Name
of Executive]:</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">This
Management Continuity Agreement (&ldquo;Agreement&rdquo;) <B>amends and restates </B>in full the original Management Continuity
Agreement (&ldquo;Prior Agreement&rdquo;) entered into between you and FIRST NATIONAL BANK OF NORTHERN CALIFORNIA, (the &ldquo;Bank&rdquo;)
on July 20, 2000. The Prior Agreement is hereby terminated and has no force or effect. Accordingly, the following terms and conditions
shall apply under this new Agreement.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">FIRST
NATIONAL BANK OF NORTHERN CALIFORNIA, a national banking association (&ldquo;the Bank&rdquo;), considers the establishment and
maintenance of a sound and vital management to be essential to protecting and enhancing the best interests of the Bank. The Bank
recognizes that the possibility of a change in control of the Bank may arise in the future and that the uncertainty and questions
which such possibility may raise among management may result in the departure or distraction of management personnel to the detriment
of the Bank. Accordingly, the non-management members of the Bank&rsquo;s Board of Directors (the &ldquo;Board&rdquo;) have determined
that it is imperative to be able to rely upon management&rsquo;s continuance and that appropriate steps should be taken to reinforce
and encourage your continued attention and dedication to your assigned duties without distraction in the face of the potentially
disturbing circumstances arising from the possibility of a change in control.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">In
order to induce you to remain an employee until a Change in Control occurs, this letter agreements sets forth the benefits which
the Bank agrees will be provided to you in the event that there is a &ldquo;Change in Control&rdquo; (as defined in Section 1
hereof). Any termination of employment for any reason prior to a Change in Control shall result in automatic termination of this
Agreement and loss of any benefit described herein.</FONT></P>

<P STYLE="font: 10pt Times New Roman,