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EXHIBIT 10.4 DIRECTOR RESIGNATION AGREEMENT

Termination Severance Agreement

EXHIBIT 10.4   DIRECTOR RESIGNATION AGREEMENT | Document Parties: PACIFIC CONTINENTAL CORP | Northwest Business Bank | NWB Financial Corporation You are currently viewing:
This Termination Severance Agreement involves

PACIFIC CONTINENTAL CORP | Northwest Business Bank | NWB Financial Corporation

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Title: EXHIBIT 10.4 DIRECTOR RESIGNATION AGREEMENT
Governing Law: Oregon     Date: 10/12/2005
Industry: Regional Banks     Sector: Financial

EXHIBIT 10.4   DIRECTOR RESIGNATION AGREEMENT, Parties: pacific continental corp , northwest business bank , nwb financial corporation
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                                                                    EXHIBIT 10.4

 

 

 

                         DIRECTOR RESIGNATION AGREEMENT

 

 

         This Director Resignation Agreement ("RESIGNATION AGREEMENT"), dated as

of August 17, 2005, is among Pacific Continental Corporation, an Oregon

corporation ("PCBK"), NWB Financial Corporation a Washington corporation

("NWB"), NWB's subsidiary, Northwest Business Bank, a Washington corporation

(the "Bank") and the undersigned, each of whom is a director ("DIRECTOR") of NWB

and/or the Bank.

 

                                     RECITAL

 

         In connection with the Plan and Agreement of Merger (the "MERGER

AGREEMENT") dated as of the date hereof, whereby, among other things, NWB will

merge with and into PCBK and the Bank will merge with and into PCBK's

subsidiary, Pacific Continental Bank (the "TRANSACTION"), each Director hereby

agrees as follows:

 

                                    AGREEMENT

 

1. RESIGNATION. Each Director hereby tenders his or her resignation from the

   Boards of Directors of NWB and/or the Bank, as the case may be, effective

   only upon the closing of the Transaction.

 

2. MISCELLANEOUS.

 

   a. Counterparts. This Resignation Agreement may be


 
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