#5 DAY PLAN B CODE#

Retirement Savings Plan Within fifteen (15) days after the date of Termination of Employment, the Company shall pay to Employee a cash payment in an amount, if any, necessary to compensate Employee for the Employee’s unvested interests under the Company’s retirement savings plan which are forfeited by Employee in connection with the Termination of Employment.

Residents may contract for a meal plan of a higher value than stipulated in the fee schedule. Residents are required to purchase a meal plan for both semesters.

#5 DAY PLAN B CODE#

Retirement Plans In connection with the individual retirement accounts, simplified employee pension plans, rollover individual retirement plans, educational IRAs and ROTH individual retirement accounts (“IRA Plans”), 403(b) Plans and money purchase and profit sharing plans (collectively, the “Retirement Plans”) within the meaning of Section 408 of the Internal Revenue Code of 1986, as amended (the “Code”) sponsored by a Fund for which contributions of the Fund’s shareholders (the “Participants”) are invested solely in Shares of the Fund, JHSS shall provide the following administrative services: Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement. Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s). If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Profit Sharing Plan Under the Northrim BanCorp, Inc. You may elect to contribute pre-tax deferrals through payroll deduction pursuant to the terms of the 401k plan. All members of the PCEA will participate in a direct deposit program with any financial institution(s) of their choice.Ĥ01(k) Plan The Company presently offers its employees a 401k plan with a Company match to be determined annually by the Compensation Committee of the Board of Directors. Should legislation change the starting date of the school year, upon the enactment of the new legislation, the parties agree to re-open discussions regarding the pay plan and pay dates. If any of these dates falls on a Saturday, Sunday or banking day, the pay date will be on the first previous banking day. Pay dates will be scheduled for the tenth (10th) and twenty-fifth (25th) of each month. Option will be on a continued basis unless changed by the employee by the proper time limitation. Teachers may exercise the option of being paid on a twenty (20) pay plan extending for a ten month period, if they sign such an option form prior to August 15. Pay Plan All contract teachers will be paid on a twenty-four (24) pay plan extending for a twelve (12) month period. During the leave term the Employee shall agree to be paid at:

Self-Funded Leave Plan (a) The Self-Funded Leave Plan shall afford an Employee the opportunity to enter into an agreement with the Board to take a one year Self-Funded Leave.

5 day plan b