Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 46

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 46
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 may not be less than 100% of the fair market value of a share on the date of grant. SARs may be granted by themselves (a “Free-Standing Right”) or in tandem with grants of stock options (a “Related Right”). A Free-Standing Right will entitle its holder to receive, at the time of exercise, an amount per stock up to the excess of the fair market value (at the date of exercise) of a share of common stock over the base price of the Free-Standing Right (which shall be no less than 100% of the fair market value of the related shares of common stock on the date of grant) multiplied by the number of shares in respect of which the SAR is being exercised. A Related Right will entitle its holder to receive, at the time of exercise of the SAR and surrender of the applicable portion of the related option, an amount per share up to the excess of the fair market value (at the date of exercise) of a share of common stock over the exercise price of the related option multiplied by the number of shares in respect of which the SAR is being exercised. The maximum term of each SAR, the times at which each SAR will be exercisable, and the provisions requiring forfeiture of unexercised SARs at or following termination of employment generally are established by the plan administrator in the individual award agreements, except that each SAR shall terminate no later than the tenth anniversary of the date of grant and no SAR granted in tandem with an option may have a term exceeding the term of the related option. SARs may be exercised 27 TABLE OF CONTENTS at such time and upon conditions as are determined by the plan administrator and set forth in the award agreement. Payment of the amount by which the fair market value of each SAR exercised exceeds the grant price shall be made, as determined by the plan administrator in its discretion, in cash, shares, or a combination thereof, as set forth in the individual award agreement. The holder of a SAR will have no rights to dividends or any other rights of a stockholder with respect to the shares of common stock subject to the SAR until the holder has given written notice of exercise and paid the exercise price and applicable withholding taxes. In the event of a participant’s termination of employment or service, the holder of a SAR may exercise his or her SAR (to the extent vested as of such date of termination) for such period of time as specified in his or her SAR agreement. Restricted Stock and Restricted Stock Units The plan administrator is authorized to