Company: FFWM
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001104659-25-036041
Chunk: 47

Company: First Foundation Inc.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 47
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 grant awards of restricted stock and restricted stock units. A grant of restricted stock is an award of shares, the grant, issuance, retention and/or vesting of which is subject to certain restrictions specified by the plan administrator in the individual award agreements. Except as provided in the applicable award agreement, a Participant who has been granted restricted stock has the rights as a stockholder with respect to the shares of restricted stock only to the extent provided in the award agreement; provided, however, that dividends declared during the restricted period with respect to an award, shall only become payable if (and to the extent) the underlying restricted stock vests. Restricted stock units will generally not be entitled to dividends, provided however, that if the applicable award agreement so provides, restricted stock unis may be entitled to dividends, and in such event, such dividends will only become payable when the underlying award is paid. The plan administrator will determine the purchase price, vesting schedule and performance goals, if any, and any other conditions that apply to a grant of restricted stock and restricted stock units. If the restrictions, performance goals or other conditions determined by the plan administrator are not satisfied, the restricted stock and restricted stock units will be forfeited. Subject to the provisions of the Amended 2024 Plan and the applicable award agreement, the plan administrator has the sole discretion to provide for the lapse of restrictions in installments. The rights of participants granted restricted stock or restricted stock units upon the termination of employment or service to us will be set forth in the award agreement. Other Stock-Based Awards The plan administrator may grant other stock-based awards under the Amended 2024 Plan, valued in whole or in part by reference to, or otherwise based on, shares of common stock. The plan administrator will determine the terms and conditions of these awards, including the number of shares of common stock to be granted pursuant to each award, the manner in which the award will be settled, and the conditions to the vesting and payment of the award (including the achievement of performance goals). The rights of Participants granted other stock-based awards upon the termination of employment or service to us will be set forth in the applicable award agreement. In the event that a bonus is granted in the form of shares of common stock, the shares of common stock constituting such bonus shall, as determined by the plan administrator, be evidenced in uncertificated form or by a book entry record or a certificate issued in the name of the Participant to whom such grant was made and delivered to such Participant as soon as practicable after the