Officer shall be entitled to participate, under the terms of the respective plans and subject to periodic plan changes, in Umpqua's group health benefit package, long-term disability and life insurance, 401(k) plan, and such other compensation or benefits as approved by the Board of Directors. Officer shall be entitled to four weeks of vacation per year. Officer shall be entitled to participate in Umpqua's annual Management Incentive Plan with a target annual bonus opportunity of 40% of Officer's annual Base Salary, subject to the terms of such plan and based on corporate performance, individual performance, budget and regulatory compliance measures.