Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 50

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 50
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 and SARs shall expire upon the consummation of such change in control. Notwithstanding the foregoing, in the event that a Participant’s employment or service is terminated without cause within twenty-four (24) months following a change in control, the time-vesting portion of any award granted to such Participant shall accelerate and vest in full, and the performance-vesting portion of any such award shall vest at target level, in each case upon the date of termination of employment or service of such Participant. Amendment and Termination The Amended 2024 Plan will terminate with respect to the ability to issue new equity awards on the tenth anniversary of the effective date of the Amended 2024 Plan, unless earlier terminated by our Board. 29 TABLE OF CONTENTS Awards granted prior to the termination of the Amended 2024 Plan will not be affected by the termination of the Amended 2024 Plan. The Board may amend, alter or discontinue the Amended 2024 Plan and, to the extent permitted by the Amended 2024 Plan, the plan administrator may amend any award agreement, prospectively or retroactively, provided, however, that we must obtain stockholder approval of any amendment to the Amended 2024 Plan requiring such approval by New York Stock Exchange rules or that would (i) increase the maximum number of shares for which awards may be granted under the Amended 2024 Plan, (ii) reduce the price at which stock options or SARs may be granted below 100% of fair market value on the date of grant, (iii) reduce the exercise price of outstanding stock options or SARs, (iv) extend the term of the Amended 2024 Plan, (v) change the class of persons eligible to be Participants, or (vi) increase the limits on ISOs that may be issued under the Amended 2024 Plan. However, no amendment or alteration shall be made to the Amended 2024 Plan or any award agreement that would impair the rights of any Participant, without such Participant’s consent, under any award granted under the Amended 2024 Plan, except that no such consent will be required with respect to any amendment or alteration if the plan administrator determines, in its sole discretion, that such amendment or alteration either (a) is required or advisable in order for us, the Amended 2024 Plan or the award to satisfy or conform to any law or regulation or to meet the requirements of any accounting standard, or (b) is not