Company: BANC-PF
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001169770-25-000015
Chunk: 74

Company: BANC OF CALIFORNIA, INC.
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 74
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 Renewal           
 Option            |     |           |     | Annual                                                                                                                                                                                                           
 Bonus                                                                                                                                                                                                            |     |                                                   |     |                                                                                                                                                                      |
| Joseph Kauder               |     | $500,000 through February 28, 2025;                                 
 After February 28, 2025, salary is determined by the CNG Committee. |     | 7/5/2023          |     | 6/30/2026 |     | Automatic renewal for one-year period beginning July 1, 2026 and on each anniversary of that date, unless notice of non-renewal is provided by either party. Agreement may not be extended beyond June 30, 2028. |     | Eligible for annual performance-based cash bonus. |     | Eligible for long-term equity incentive awards.                                                                                                                      
 Grant of $450,000 of RSUs upon approval by the CNG Committee at the August 2023 meeting that vest ratably over a three-year period, subject to continued employment. |

#### 65Banc of CaliforniaAnnual Proxy Statement2025
Summary of Benefits and Potential Payments Upon Termination of Employment or Change in Control

As discussed in the Employment Agreements section of this proxy statement, we have employment agreements with Messrs. Wolff and Kauder. These employment agreements provide for severance payments and other benefits following certain termination and/or change in control events. Payment of any such benefits is contingent upon a variety of factors, including the circumstances under which employment is terminated and approval of certain payments by the CNG Committee.

Messrs. Dotan and Hussain participate, and Mr. Sotoodeh participated, in the Company Executive Change in Control Severance Plan (the CIC Severance Plan). The CIC Severance Plan provides that if, within 12 months following a change in control, the executive’s employment is terminated by us, other than for cause, or by the executive for good reason (as such terms are defined in the CIC Severance Plan), the executive will receive a cash severance payment and continuation of health benefits as indicated in the chart below.

Messrs. Corsini, Dotan and Hussain also participate in the Company's Employee Severance Plan (the Employee Severance Plan), adopted in February 2025, which provides that upon an eligible "Employment Loss" as defined in the Employee Severance Plan, Messrs. Corsini, Dotan and Hussain will receive a cash severance payment in an amount equal to one