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FIRST AMENDMENT TO PREMIERWEST BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (SERP)

Addendum or Modifications

FIRST AMENDMENT TO PREMIERWEST BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (SERP) | Document Parties: PREMIERWEST BANK You are currently viewing:
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PREMIERWEST BANK

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Title: FIRST AMENDMENT TO PREMIERWEST BANK SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (SERP)
Date: 3/18/2009
Industry: Regional Banks     Sector: Financial

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Exhibit 10.11.2

FIRST AMENDMENT TO
PREMIERWEST BANK
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT
(SERP)

          This First Amendment dated April 24, 2008 (this “Amendment”), amends the Supplemental Executive Retirement Plan Agreement (SERP) by and between PremierWest Bancorp (“Bancorp”), PremierWest Bank (“Bank”, and together with Bancorp, “Company”) and Tom Anderson (the “Executive”) dated December 13, 2007 (the “Agreement”).

RECITALS

A.         The parties discovered a typographical error in the Agreement related to the timing of
             commencement of Early Retirement payments.

B.          The parties desire to correct the error and amend the Agreement to conform to the initial
              understanding of the parties.

AGREEMENT

1.           Section 2.2.2 is amended in its entirety to read:

                              “2.2.2 Payment of Benefit . The payment of the benefits under this Section shall
      &


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