Company: FFWM
Filing Date: 2025-10-21
Form Type: 8-K
Source: 0001104659-25-101261
Chunk: 1

Company: First Foundation Inc.
Filing Date: 2025-10-21
Form: 8-K
Item: Item 5.02
Chunk 1
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. In
the event of termination of Mr. Medhat’s employment due to his death, his beneficiaries will be paid an amount equal to 100% of
his base annual salary at the rate in effect immediately prior to his death. If Mr. Medhat’s employment is terminated for cause
or due to the expiration of the term of the Medhat Employment Agreement, he will not be entitled to any severance compensation.

In addition, the Company will enter into its standard indemnification
agreement with Mr. Medhat, the form of which is filed as Exhibit 10.3 to this report and incorporated herein.

There are no arrangements or understandings between Mr. Medhat and
any other persons pursuant to which he was selected to his position with the Bank. There are no family relationships between Mr. Medhat
and any director or executive officer of the Company. No information is required to be disclosed with respect to Mr. Medhat pursuant to
Item 404(a) of Regulation S-K.

Employment Agreement of Stuart Bernstein

As previously reported, the Bank appointed Stuart Bernstein as Chief
Banking Officer, effective August 11, 2025. On October 21, 2025, the Bank entered into an employment agreement with Mr. Bernstein, with
an initial term ending on December 31, 2027 (the “ Bernstein Employment Agreement”). Pursuant to the Bernstein Employment Agreement,
Mr. Bernstein will receive an annual base salary of $450,000, subject to increase at the discretion of the Board of Directors or its Compensation
Committee, and may also receive a bonus of up to 100% of his annual base salary at the Bank’s sole discretion. Mr. Bernstein will
be able to participate in the other benefit programs of the Bank available to executive employees generally.

If Mr. Bernstein’s employment is terminated without cause or
Mr. Bernstein terminates his employment for good reason (in each case, as defined in the Bernstein Employment Agreement), then he will
be entitled to a lump sum payment equal to the lesser of (i) 12 months of his annual base salary and (ii) the aggregate base salary that
would have been paid to him for the remainder of the term of the Bernstein Employment Agreement if such remaining term is shorter than
12 months. In the event of termination of Mr. Bernstein’s employment due to his death, his beneficiaries will be paid an amount
equal to 100% of his base annual salary at the rate in effect immediately prior to his death. If Mr