PLACER SIERRA BANCSHARES
AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE REGISTRANT AND KEVIN J. BARRI
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<DESCRIPTION>AMENDMENT TO EMPLOYMENT AGREEMENT BETWEEN THE REGISTRANT AND KEVIN J. BARRI
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 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right"><FONT FACE="Times New Roman" SIZE="2"><B>Exhibit 10.4 </B></FONT></P> <P STYLE="margin-top:24px;margin-bottom:0px" ALIGN="center"><FONT
FACE="Times New Roman" SIZE="2"><B><U>AMENDMENT TO EMPLOYMENT AGREEMENT </U></B></FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-height:95%; vertical-align:top"><FONT FACE="Times New Roman"
SIZE="2">This <B>AMENDMENT TO EMPLOYMENT AGREEMENT</B> (&#147;Amendment&#148;) is entered into this 21</FONT><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><SUP>st</SUP></FONT><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> day of
February 2007, by and between <B>PLACER SIERRA BANK</B> (&#147;Bank&#148;) and <B>KEVIN J. BARRI</B> (&#147;Employee&#148;). </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>WHEREAS,</B> Employee and Bank entered into an Employment Agreement, dated June&nbsp;21, 2004, (the &#147;Agreement&#148;); and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>WHEREAS</B>, the &#147;Employment Term&#148; under the Agreement is scheduled to expire on June&nbsp;21, 2007; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman"
SIZE="2"><B>WHEREAS</B>, Section&nbsp;5 of the Agreement sets forth Bank&#146;s potential obligations upon the termination of Employee&#146;s employment with Bank; and </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Employee and Bank have agreed to amend the Agreement as set forth in this Amendment in order to extend the term of the Agreement and to provide for payments to be made in compliance with
Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (the &#147;Code&#148;) and guidance thereunder, which section was added to the Code by the American Jobs Creation Act of 2004; and </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>WHEREAS</B>, Section&nbsp;22 of the Agreement provides that the Agreement may be amended only by a writing signed by the parties. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"><B>NOW THEREFORE, </B>Employee and Bank agree as follows: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%"><FONT
FACE="Times New Roman" SIZE="2">1. Section&nbsp;3 of the Agreement is amended by the addition of a sentence to the end thereof to read as set forth below: </FONT></P> <P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT
FACE="Times New Roman" SIZE="2">The Employment Term is hereby extended through and including December&nbsp;31, 2007, and all references herein to the &#147;Employment Term&#148; shall include such extension. </FONT></P> <P
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">2. A new Subsection (h)&nbsp;entitled &#147;Timing of Payment&#148; is added to Section&nbsp;5 of the Agreement, to read as set forth below: </FONT></P>
<P STYLE="margin-top:6px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">(h) <B><U>Timing of Payment</U></B>. Notwithstanding anything to the contrary in this Agreement, if any amount payable hereunder is considered to be
compensation deferred under a &#147;nonqualified deferred compensation plan&#148; as defined for purposes of Section&nbsp;409A of the Internal Revenue Code of 1986, as amended (&#147;Section 409A&#148;), and if Employee is deemed to be a
&#147;specified employee&#148; as defined for purposes of Section&nbsp;409A, then, to the extent necessary to comply with Section&nbsp;409A, amounts due under this Agreement in connection with a termination of Employee&#146;s employment that would
otherwise have been payable at any time during the six-month period immediately following such termination </FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
 <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2">1 </FONT></P>


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 <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:8%"><FONT FACE="Times New Roman" SIZE="2">of employment shall not be paid prior to, and shall instead be payable in a lump sum as soon as
practicable following, the expiration of such six-month period. In light of the uncertainty surrounding the application of Section&nbsp;409A, Bank makes no guarantee as to the income tax treatment under Section&nbsp;409A of any payments made or
benefits provided under this Agreement. </FONT></P> <P STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2">3. All other terms and conditions of the Agreement shall remain in full force and effect.
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>PLACER SIERRA BANK</B></FONT></TD>
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2">By: <U>/s/ Frank J.
Mercardante&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<TD VALIGN="bottom"><FONT FACE="Times New Roman" SIZE="2"><U>/s/ Kevin J.
Barri&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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<TD VALIGN="bottom"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Frank J. Mercardante</FONT></P> <P STYLE="margin-top:0px;margin-bottom:1px"><FONT FACE="Times New Roman"
SIZE="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chairman and Chief Executive Officer</FONT></P></TD>
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<TD VALIGN="top"><FONT FACE="Times New Roman" SIZE="2"><B>KEVIN J. BARRI</B></FONT></TD></TR>
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