Exhibit 10.13
SECOND AMENDMENT TO EMPLOYMENT
AGREEMENT
THIS SECOND
AMENDMENT TO EMPLOYMENT AGREEMENT (this “Amendment”) is
made as of May 15, 2007, by and between BRAM GOLDSMITH
(“Goldsmith”), on the one hand, and CITY NATIONAL
CORPORATION, a Delaware corporation (“CNC”) and CITY
NATIONAL BANK, a national banking association (“CNB”),
on the other hand.
WHEREAS, the
parties have entered into that certain Employment Agreement, dated
as of May 15, 2003, as amended by that certain Amendment to
Employment Agreement, dated as of May 15, 2005 (as amended, the
“Agreement”);
WHEREAS, the
initial term of the Agreement commenced on May 15, 2003 and
terminated on May 14, 2005, which term was extended for an
additional two years to May 14, 2007 pursuant to the Amendment to
Employment Agreement;
WHEREAS, the
parties wish to amend the Agreement to extend the term for an
additional one year until May 14, 2008 and the Board of Directors
of CNB and CNC have approved the extension of the term of the
Agreement for an additional one year on the same terms and
conditions as in effect currently;
NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and
promises contained herein, and for other good and valuable
consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as
follows:
1.
All capitalized terms used her
