Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 49

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 49
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 Code. Changes in Capital Structure and Changes in Control In order to preserve, but not increase, the benefits to Participants under the Amended 2024 Plan, in the event of any change with respect to the outstanding shares by reason of any recapitalization, reclassification, stock dividend, special or extraordinary dividend, stock split, reverse stock split, or other extraordinary distribution (whether in the form of common stock, cash or property), or any merger, reorganization, consolidation, combination, spin-off or other similar corporate change that does not constitute a change of control (as defined in the Amended 2024 Plan), the plan administrator shall make an equitable substitution or proportionate adjustment in any or all of (i) the maximum number of shares or other securities of the Company (or number and kind of other securities or property) with respect to which awards may be granted, (ii) the number and kind of shares, units, other rights or other securities of the Company (or number and kind of other securities or property) subject to outstanding awards, (iii) the exercise or base price with respect to any award, and (iv) any other terms of any outstanding awards (including any applicable performance targets). Adjustments to ISOs, to the extent practicable, shall be made in a manner consistent with the requirements of Section 424(a) of the Code. In order to preserve, but not increase, the benefits to Participants under the Amended 2024 Plan, unless otherwise determined by the plan administrator and evidenced in an award agreement, in the event of a change of control and a Participant is employed by us or any of our affiliates immediately prior to the consummation of the change in control, the plan administrator, in its sole discretion, may (i) provide that any unvested or unexercisable portion of an award carrying a right to exercise will become fully vested and exercisable; and (ii) cause the restrictions, deferral limitations, payment conditions and forfeiture conditions applicable to any award granted under the Amended 2024 Plan to lapse, and the awards to be deemed fully vested and any performance conditions imposed with respect to such awards will be deemed fully vested and any performance conditions imposed with respect to such awards will be deemed to be fully achieved at target performance levels. If the plan administrator determines to accelerate the vesting of options and/or SARs in connection with a change in control, the plan administrator shall have discretion in connection with such change in control to provide that all outstanding and unexercised options