Exhibit 10.a

EXECUTION

EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this “Agreement”) dated as of September 1, 2004 among
Bay View Capital Corporation, a Delaware corporation having its principal place
of business at 1840 Gateway Drive, San Mateo, CA 94404 (“BVCC”), Bay View
Acceptance Corporation, a Nevada corporation having its principal place of
business at 818 Oak Park Road, Covina, CA 91724 (“BVAC”), and P.K. Chatterjee,
an individual residing at 25 Falling Oaks Trail, Austin, Texas 78738 (the
“Executive”).

WITNESSETH:

     WHEREAS, BVAC is a wholly owned subsidiary of BVCC;

     WHEREAS, BVCC and BVAC (collectively, the “Employers”) desire to employ the
Executive, and the Executive desires to be employed by the Employers, all in
accordance with the terms and subject to the conditions set forth herein; and

     WHEREAS, the parties are entering into this Agreement to set forth and
confirm their respective rights and obligations with respect to the Executive’s
employment by the Employers;

     NOW, THEREFORE, in consideration of the premises and the mutual covenants
herein contained, the parties hereto, intending to be legally bound hereby,
mutually agree as follows:

     1.      Employment and Term.

           (a)      Effective on September 7, 2004 (the “Effective Date”),
(i) BVCC shall employ the Executive, and the Executive shall be employed by
BVCC, as the Executive Vice President and Director of Retail Operations of BVCC
and (ii) BVAC shall employ the Executive, and the Executive shall be employed by
BVAC, as the President and Chief Executive Officer of BVAC (with all such
positions described in clauses (i) and (ii) hereof being collectively referred
to herein as the “Position”), in accordance with the terms and subject to the
conditions set forth herein for a term (the “Term”) that shall commence on the
Effective Date and, subject to paragraphs 1(b), 1(c), 1(d) and 1(e), shall
continue for a period of three years. BVCC and BVAC shall be jointly and
severally liable to the Executive with respect to (i) all liabilities of BVAC to
the Executive hereunder and (ii) all liabilities of BVCC to the Executive
hereunder; provided, however, that BVCC shall not be responsible for any

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liability of BVAC to the Executive to the extent that such liability has been
discharged by BVAC, and BVAC shall not be responsible for any liability of BVCC
to the Executive to the extent that such liability has been discharged by BVCC.
Promptly following the Effective Date, BVAC agrees to elect the Executive as a
member of its Board of Directors.

           (b)      Unless written notice in accordance with this paragraph 1
terminating the automatic extension of the term of the Executive’s employment
hereunder is given by either of the Employers or the Executive, on each day this
Agreement is in effect, the Term shall be automatically extended for one
additional day so that at all times this Agreement shall have a then current
three-year Term. Unless otherwise provided herein or agreed by the parties
hereto, all of the terms and conditions of this Agreement shall continue in full
force and effect throughout the Term and, with respect to those terms and
conditions that apply after the Term, after the Term.

           (c)      Notwithstanding paragraph 1(b), the Employers, by action of
their Boards of Directors (the “Boards”) and effective as specified in a written
notice thereof to the Executive in accordance with the terms hereof, shall have
the right to terminate the Executive’s employment hereunder at any time during
the Term hereof for Cause (as defined herein) or other than for Cause or on
account of the Executive’s death or Permanent Disability (as defined herein),
subject to the provisions of this paragraph 1.

                     (i)      “Cause” shall mean (A) the Executive’s willful and
continued failure substantially to perform his material duties with the
Employers as set forth in this Agreement, or the commission by the Executive of
any activities constituting a violation or breach under any material federal,
state or local law or regulation applicable to the activities of BVAC or BVCC,
in each case, after notice thereof from the Employers to the Executive and a
reasonable opportunity for the Executive to cease such failure, breach or
violation in all material respects, (B) fraud, breach of fiduciary duty,
dishonesty, misappropriation or other intentional material damage to the
property or business of BVAC or BVCC by the Executive, (C) the Executive’s
repeated absences other than for physical or mental impairment or illness,
(D) the Executive’s admission or conviction of, or plea of nolo contendere to,
any felony or any other crime that, in the reasonable judgment of the Boards,
adversely affects BVAC’s or BVCC’s reputation or the Executive’s ability to
carry out his obligations under this Agreement or (E) the Executive’s
non-compliance with the provisions of paragraph 2(b) hereof after notice thereof
from the Employers to the Executive and a reasonable opportunity for the
Executive to cure such non-compliance. Notwithstanding the foregoing, the
Employers may not terminate the Executive’s employment hereunder for Cause
unless the Executive is given (A) written notice, in accordance with the By-laws
of the Employers, of a special meeting of the Boards to consider the termination
of the Executive’s employment hereunder for Cause and (B) the opportunity for
the Executive to address such special meeting.

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                     (ii)      “Permanent Disability” shall mean a physical or
mental disability such that the Executive is substantially unable to perform
those duties that he would otherwise be expected to continue to perform and the
nonperformance of such duties has continued for a period of 240 consecutive
days, provided, however, that in order to terminate the Executive’s employment
hereunder on account of Permanent Disability, the Employers must provide the
Executive with written notice of the Boards’ good faith determination to
terminate the Executive’s employment hereunder for reason of Permanent
Disability not less than 30 days prior to such termination, which notice shall
specify the date of termination. Until the specified effective date of
termination by reason of Permanent Disability, the Executive shall continue to
receive compensation at the rates set forth in paragraph 3. No termination of
the Executive’s employment hereunder because of Permanent Disability shall
impair any rights of the Executive under any disability insurance policy
maintained by the Employers at the commencement of the aforesaid 240-day period.

           (d)      The Executive shall have the right to terminate his
employment hereunder at any time during the Term hereof for Good Reason or in
the event a Change in Control occurs. As used herein:

                     (i)      “Good Reason” shall mean (A) the Executive’s
Position or the scope of the Executive’s authority, duties or responsibilities
as described in this Agreement are materially diminished without the Executive’s
written consent, excluding for this purpose any action not taken by the
Employers in bad faith and that is remedied by the Employers promptly following
written notice thereof from the Executive to the Employers; (B) a material
breach by either Employer of its respective obligations to the Executive under
this Agreement, which breach is not cured in all material respects to the
reasonable satisfaction of the Executive within 30 days (except in the case of a
payment default for which the cure period shall be 10 days), in each case
following written notice thereof from the Executive to the Employers or (C) any
termination of the Executive’s employment hereunder without Cause; and

                     (ii)      “Change in Control” shall mean the first to occur
of (A) the acquisition of shares of BVCC by any “person” or “group” (as such
terms are used in Rule 13d-3 under the Securities Exchange Act of 1934 as now or
hereafter amended) in a transaction or series of transactions that result in
such person or group directly or indirectly first owning beneficially more than
50% of BVCC’s Common Stock after the date of this Agreement or (B) the
consummation of a merger or other business combination after which the holders
of voting capital stock of BVCC do not collectively own 50% or more of the
voting capital stock of the entity surviving such merger or other business
combination (any of the foregoing being referred to herein as a “Transaction”).
A Transaction constituting a Change in Control shall only be deemed to have
occurred upon the closing of the Transaction.

           (e)   (i)      If (A) the Employers terminate the Executive’s
employment hereunder for any reason other than for Cause and such termination
occurs as of a date that

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is within 270 days preceding or within 180 days after the consummation of a
Change in Control (such 270-day period and such 180-day period being hereinafter
collectively referred to as a “Change in Control Period”), (B) this Agreement is
terminated as a result of the death or Permanent Disability of the Executive
effective as of a date within a Change in Control Period, (C) the Executive
terminates his employment hereunder for Good Reason effective as of a date
within a Change in Control Period or (D) the Executive elects to terminate his
employment hereunder within 180 days after the consummation of a Change in
Control, the Employers shall pay to the Executive or his estate, provided the
Executive or his estate concurrently signs and delivers to the Employers a
general release in a form mutually acceptable to the Employers and the
Executive, promptly after the event giving rise to such payment occurs an amount
equal to the sum of (y) (1) the Executive’s Base Salary (as defined herein)
accrued but unpaid through the date the termination of the Executive’s
employment hereunder is effective, (2) the Incentive Bonus (as defined herein)
payable to the Executive pursuant to paragraph 3(b)(i) for such year which shall
be determined by multiplying the average percentage of the Executive’s Base
Salary paid to the Executive as an Incentive Bonus for all full years of
employment hereunder prior to the year in which the Change in Control occurs by
the Executive’s Base Salary on the date of the Change in Control, provided that
BVAC is on track to achieve all performance goals for such year and (3) any
amount in respect of excise taxes required to be paid to the Executive pursuant
to paragraph 1(f), with such payments, rights and benefits described in clauses
(y)(1), (y)(2) and (y)(3) hereof being collectively referred to herein as the
“Accrued Obligations and (z) a severance payment equal to 2.99 times the sum of
(1) the Executive’s annual Base Salary as of the effective date of termination
of the Executive’s employment hereunder and (2) the Incentive Bonus payable to
the Executive pursuant to paragraph 3(b)(i) for the year in which such
termination is effective calculated based on the average percentage for all full
years of employment hereunder prior to the year in which such termination
occurs.

                     (ii)      If (A) the Employers terminate the Executive’s
employment hereunder for any reason other than for Cause effective as of a date
that is not within a Change in Control Period or (B) the Executive terminates
his employment hereunder for Good Reason effective as of a date that is not
within a Change in Control Period, the Employers shall pay the Executive,
provided the Executive concurrently signs and delivers to the Employers a
general release in a form mutually acceptable to the Employers and the
Executive, an amount equal to the sum of (y) the Accrued Obligations and (z) the
amount of Base Salary the Executive would have received had he remained employed
hereunder for the remainder of the Term.

                     (iii)      If (A) the Employers terminate the Executive’s
employment hereunder for Cause, (B) the Executive terminates his employment
hereunder for any reason other than Good Reason, his death or Permanent
Disability or (C) this Agreement is terminated by the Employers as a result of
the death or Permanent Disability of the Executive

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effective as of a date that is not within a Change in Control Period, the sole
obligation of the Employers shall be to pay the Accrued Obligations to the
Executive.

                     (iv)      The Employers and the Executive shall each have
the right, upon prior written notice delivered to the other on or prior to
August 1, 2005, to terminate Executive’s employment without Cause effective as
of September 30, 2005. In the event of a termination of the Executive’s
employment pursuant to this paragraph 1(e)(iv) that is within a Change in
Control Period, the Employers shall pay the Executive, provided the Executive
concurrently signs and delivers to the Employers a general release in a form
mutually acceptable to the Employers and the Executive, an amount equal to the
sum of (y) the Accrued Obligations and (z) a severance payment equal to 2.99
times the sum of (1) the Executive’s annual Base Salary as of the effective date
of termination of the Executive’s employment hereunder and (2) the Incentive
Bonus payable to the Executive pursuant to paragraph 3(b)(i) for 2004. In the
event of a termination of the Executive’s employment pursuant to this
Section 1(e)(iv) that is not within a Change in Control Period, the Employers
shall pay the Executive, provided the Executive concurrently signs and delivers
to the Employers a general release in a form mutually acceptable to the
Employers and the Executive, an amount equal to the sum of (y) the Accrued
Obligations and (z) the amount of Base Salary the Executive would have received
had he remained employed hereunder for one year from the date of the Executive’s
termination.

           (f)      In the event that the independent public accountants of
either of the Employers or the Internal Revenue Service determines that any
payment, coverage or benefit provided to the Executive pursuant hereto is
subject to the excise tax imposed by Section 4999 of the Internal Revenue Code
of 1986, as amended (the “Code”) or any successor provision thereof or any
interest or penalties incurred by the Executive with respect to such excise tax
(such excise tax, together with any such interest and penalties, are hereinafter
collectively referred to as the “Excise Tax”), the Employers, within 30 days
thereafter, shall pay to the Executive, in addition to any other payment,
coverage or benefit due and owing hereunder, an amount determined by multiplying
the rate of Excise Tax then imposed by Section 4999 by the amount of the “excess
parachute payment” received by the Executive, determined without regard to any
payments made to the Executive pursuant to this paragraph 1(f), and dividing the
product so obtained by the amount obtained by subtracting the aggregate local,
state and federal income and FICA and health insurance taxes applicable to the
receipt by the Executive of the “excess parachute payment” and taking into
account the deductibility for federal income tax purposes of the payment of
state and local income taxes thereon (as affected by those provisions of the
Code that act to reduce the deductibility of itemized deductions), from the
amount obtained by subtracting from 1.00 the rate of Excise Tax then imposed by
Section 4999 of the Code, it being the intention of the parties hereto that the
Executive’s net after tax position (after taking into account any interest or
penalties imposed with respect to such taxes) upon the receipt of the payments
provided for by this Agreement be no less advantageous to the Executive than the
net after tax position to the

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Executive that would have been obtained had Sections 280G and 4999 of the Code
not been applicable to such payments. Except as otherwise provided herein, all
determinations to be made under this paragraph 1(f) shall be made by tax counsel
whose selection shall be reasonably acceptable to the Executive and the
Employers and whose fees and costs shall be paid for by the Employers.

           (g)      Any notice of termination of this Agreement by the Employers
to the Executive or by the Executive to the Employers shall be given in
accordance with the provisions of paragraph 10 hereof.

           (h)      The Employers agree to reimburse the Executive for the
reasonable fees and expenses of the Executive’s attorneys and for court and
related costs in any proceeding to enforce the provisions of this Agreement in
which the Executive is successful on the merits.

     2.    Duties of the Executive.

           (a)      Subject to the ultimate control and discretion of the Boards
of the Employers, the Executive shall serve in the Position and perform all
duties and services commensurate with the Position. Throughout the Term, the
Executive shall perform all duties reasonably assigned or delegated to him under
the By-laws of BVAC and BVCC or from time to time by the Boards of the Employers
or the Chief Executive Officer of BVCC consistent with the Position. Except for
travel normally incidental and reasonably necessary to the business of BVAC and
BVCC and the duties of the Executive hereunder, the duties of the Executive
shall be performed in the greater Los Angeles, California metropolitan area.

           (b)      The Executive shall devote substantially all of the
Executive’s business time and attention to the performance of the Executive’s
duties hereunder and, during the term of his employment hereunder, the Executive
shall not engage in any other business enterprise that requires any significant
amount of the Executive’s personal time or attention, unless granted the prior
permission of the Boards. The Boards have approved the Executive’s position as a
member and 10%-owner of Battle Advisory Group, LLC. The foregoing provision
shall not prevent the Executive’s purchase, ownership or sale of any interest
in, or the Executive’s engaging (but not to exceed an average of five hours per
week) in, any business that does not compete with the business of BVAC or BVCC
or the Executive’s involvement in charitable or community activities, provided,
that the time and attention that the Executive devotes to such business and
charitable or community activities does not materially interfere with the
performance of his duties hereunder and that a material portion of the time
devoted by the Executive to charitable or community activities are devoted to
charitable or community activities within BVAC’s market area and further
provided that such conduct complies in all material respects with applicable
policies of BVAC and BVCC.

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           (c)      The Executive shall be entitled to six weeks of vacation
during each calendar year with full compensation, and to be taken at such time
or times, as the Executive and BVAC shall mutually determine. Earned but unused
vacation shall be accrued in accordance with BVCC’s vacation policy of 20 hours
per month.

     3.    Compensation. For all services to be rendered by the Executive
hereunder:

           (a)      Base Salary. The Employers shall pay the Executive a base
salary (the “Base Salary”) at a monthly rate of Twenty-Five Thousand Dollars
($25,000), plus such other compensation as may, from time to time, be determined
by the Employers. At the end of each fiscal year of the Employers, the Employers
shall review the amount of the Executive’s Base Salary, and shall increase such
Base Salary for the following year to such amount as the Boards may determine in
their discretion. Such Base Salary and other compensation shall be payable in
accordance with the Employers’ normal payroll practices as in effect from time
to time.

           (b)      Bonus. The Employers agree that the Executive shall be
eligible to receive, in accordance in all material respects with applicable
policies of BVCC relating to incentive compensation for executive officers, an
annual bonus (the “Bonus”) payable in cash, determined as follows:

                     (i)      an annual performance incentive bonus (the
“Incentive Bonus”), determined in the discretion of the Boards, of up to 50% of
the Executive’s Base Salary, based upon BVAC’s and the Executive’s attainment of
performance goals established by the Boards, which Incentive Bonus for 2004
shall be pro-rated based on the fact that the Executive served the Employers for
only four months of 2004.

                     (ii)      In the event that BVAC and the Executive exceed
all pre-determined performance goals for a calendar year, an annual supplemental
bonus (the “Supplemental Bonus”), determined in the discretion of the Boards, of
up to 2% of the amount by which BVAC’s pre-tax profit for such calendar year
exceeds BVAC’s pre-tax profit for the immediately preceding calendar year. In
the case of 2004 only, the Supplemental Bonus shall be determined, in the
discretion of the Boards, based upon the amount by which BVAC’s pre-tax profit
for 2004 exceeds $6,434,000.

           (c)      Stock Options. Subject to any required stockholder approval,
BVCC hereby grants the Executive options (the “Options”) to purchase an
aggregate of 50,000 shares of BVCC’s Common Stock at a price per share equal to
100% of the closing price of BVCC’s Common Stock on the New York Stock Exchange
on the date of grant (the “Exercise Price”). Of the Options, Options to purchase
5,000 shares shall be incentive stock options and Options to purchase 45,000
shares shall be non-qualified stock options. The Exercise Price of the Options
may be reduced from time to time in the discretion of the Board by the per share
amount of any cash distribution to BVCC’s stockholders arising from BVCC’s Plan
of Partial

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Liquidation. The Options shall be subject to the terms and conditions of the
BVCC stock option agreement or agreements pursuant to which the Options are
granted, and shall have the following other principal terms:

                     (i)      the Options shall become exercisable and be
vested, and remain exercisable and vested for a term of five years from and
after the Effective Date, in three cumulative installments as follows:

                              (A)      the first installment, consisting of an
incentive stock option to purchase 5,000 shares and a non-qualified stock option
to purchase 11,667 shares of BVCC’s Common Stock, shall become exercisable from
and after first anniversary the Effective Date;

                              (B)      the second installment, consisting of
non-qualified stock options to purchase 16,666 shares of BVCC’s Common Stock,
shall become exercisable from and after the second anniversary of the Effective
Date; and

                              (C)      the third installment, consisting of
non-qualified options to purchase 16,666 shares of BVCC’s Common Stock, shall
become exercisable from and after the third anniversary of the Effective Date;

                     (ii)      the Options shall become immediately exercisable
and shall remain exercisable for the remainder of their term in the event of
(A) a Change in Control of BVCC, (B) the sale of all or substantially all of the
capital stock or assets of BVAC to a party other than an affiliate of the
Employers, but excluding therefrom any securitization of BVAC’s assets, (C) a
termination of this Agreement by the Employers without Cause or (D) a
termination of this Agreement by the Executive for Good Reason;

                     (iii)      the Options shall terminate immediately in the
event of (A) a termination of this Agreement by the Employers for Cause or (B) a
termination of this Agreement by the Executive without Good Reason;

                     (iv)      the Options shall remain exercisable until the
earlier of the expiration of their term or three years after the termination of
this Agreement by the Employers because of the Executive’s death or Permanent
Disability and the Options shall become immediately exercisable if such
termination occurs during the 270 days preceding consummation of a Change in
Control;

                     (v)      in the event that after the Effective Date the
outstanding shares of BVCC Common Stock subject to the Options are increased or
decreased or changed into or exchanged for a different number or kind of shares
of BVCC or other securities of BVCC or of another corporation by reason of a
reorganization, merger, consolidation, reclassification, stock split, reverse
stock split, stock dividend or combination of shares of Common Stock, the Board
of Directors of BVCC shall make an appropriate and equitable adjustment in the

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number and kind of shares as to which the Options or portion thereof then
unexercised shall be exercisable and in the Exercise Price. Such adjustment in
the Options shall be made without any change in the total price applicable to
the unexercised portion of the Options, except for any change in the aggregate
price resulting from rounding-off of share amounts or prices, and with any
necessary corresponding adjustment in the Exercise Price.

           (d)      Other Benefits. Throughout the Term:

                     (i)      The Employers shall provide the Executive with an
automobile at the Employers’ sole cost and expense. Such automobile shall be
owned or leased by BVCC or BVAC. The Employers shall bear all gas, insurance,
repairs, maintenance, car telephone and other business operating expenses for
the automobile.

                     (ii)      In connection with his relocation to the greater
Los Angeles area, the Executive shall be entitled to receive: (A) reimbursement
of all reasonable expenses for housing and needs for the first month of the
Executive’s employment and (B) commencing with the second month of the
Executive’s employment, $3,000 per month (grossed-up for taxes) for temporary
housing in the greater Los Angeles area for the lesser of twelve months or the
date on which the Executive takes possession of a purchased residence in the
greater Los Angeles area; provided, however, that upon expiration of such
twelve-month period, the Compensation Committee of BVCC may consider an
extension of the temporary housing allowance if so requested by the Executive.

                     (iii)      The Employers shall reimburse the Executive for
the cost of not more than twelve first-class airfares for the Executive and
Executive’s immediate family between Texas and California.

                     (iv)      Commencing on the first day of the month
following the Effective Date, the Executive shall be eligible to participate in
BVCC’s 401(k) plan in accordance with the terms and conditions thereof as the
same are in effect from time to time. Commencing on the first anniversary of the
Effective Date, BVCC will annually match 50% of the Executive’s contribution to
the 401(k) plan up to 6% of the Executive’s Base Salary.

                     (v)      During the first 90 days of the Executive’s
employment, the Employers will reimburse the Executive for COBRA health
insurance premiums paid by the Executive for himself and his family. If the
Executive elects not to participate in the Employer’s health insurance plans,
the Employers will pay the Executive $450 per month to defray the cost of health
insurance coverage.

                     (vi)      If the Executive sells his current primary
residence in Texas and purchases a primary residence in the Los Angeles
metropolitan area, the Employers will reimburse the Executive for his actual and
reasonably documented costs of his relocation to the Los Angeles metropolitan
area and the costs of selling his current primary residence in

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Texas and of purchasing a new primary residence in the Los Angeles metropolitan
area, exclusive of the purchase price thereof and costs related to obtaining
financing of such purchase price. The Employers will also reimburse the
Executive for any amount by which the fair market sale price of the Executive’s
current primary residence in Texas is less than the sum of the purchase price
the Executive paid for such residence and any reasonably documented capital
improvements to such residence.

                     (vii)      The Employers will reimburse the Executive for
the membership dues of a social club in Southern California in such amount as is
mutually agreed.

                     (viii)      The compensation provided for in this paragraph
3 shall be in addition to such rights as the Executive may have, during the
Executive’s employment hereunder, to participate in and receive benefits from or
under any benefit plans the Employers currently maintain or may in their
discretion establish in the future for their employees or executives. To the
extent any of such benefits are taxable to the Executive, the Executive shall be
solely responsible for such taxes.

           (e)      BVCC Board Membership. BVCC acknowledges that it intends to
recommend to the Nominating Committee of BVCC’s Board of Directors that it
nominate the Executive for election as a director of BVCC at BVCC’s April 2005
annual meeting of stockholders.

     4.    Expenses. The Employers shall promptly reimburse the Executive for
all reasonable expenses paid or incurred by the Executive in connection with the
performance of the Executive’s duties and responsibilities hereunder, upon
presentation of expense vouchers or other appropriate documentation therefor,
and all reasonable professional expenses, such as licenses and dues and
professional educational expenses, paid or incurred by the Executive during the
Term.

     5.    Indemnification. Notwithstanding anything in the Employers’
certificate of incorporation or their By-laws to the contrary, the Executive
shall at all times during his employment by the Employers, and thereafter, be
indemnified by the Employers to the fullest extent permitted by applicable law
for any matter in any way relating to the Executive’s affiliation with the
Employers and their respective subsidiaries; provided, however, that if the
Executive’s employment shall have been terminated by the Employers for Cause,
then the Employers shall have no obligation whatsoever to indemnify the
Executive for any claim arising out of the matter for which his employment shall
have been terminated for Cause or for any conduct of the Executive not within
the scope of the Executive’s duties under this Agreement.

     6.    Confidential Information. The Executive understands that in the
course of his employment by the Employers the Executive will receive
confidential information concerning the business of the Employers and that the
Employers desire to protect. The Executive agrees

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that he will not at any time during or after the period of his employment by the
Employers reveal to anyone outside BVAC or BVCC, or use for his own benefit, any
such information that has been designated as confidential by the Employers or
understood by the Executive to be confidential without specific written
authorization by the Employers. Upon termination of this Agreement, and upon the
request of the Employers, the Executive shall promptly deliver to the Employers
any and all written materials, records and documents, including all copies
thereof, made by the Executive or coming into his possession during the Term and
retained by the Executive containing or concerning confidential information of
the Employers and all other written materials furnished to and retained by the
Executive by the Employers for his use during the Term, including all copies
thereof, whether of a confidential nature or otherwise.

     7.    Representation and Warranty of the Executive. The Executive
represents and warrants that he is not under any obligation, contractual or
otherwise, to any other firm or corporation, which would prevent his entry into
the employ of the Employers or his performance of the terms of this Agreement.

     8.    Entire Agreement; Amendment. This Agreement contains the entire
agreement between the Employers and the Executive with respect to the subject
matter hereof, and may not be amended, waived, changed, modified or discharged
except by an instrument in writing executed by the parties hereto.

     9.    Assignability. This Agreement shall be binding upon, and inure to the
benefit of, the Employers and their successors and assigns. This Agreement shall
not be assignable by the Executive, but shall inure to the benefit of the
Executive’s heirs, executors, administrators and legal representatives.

     10.    Notice. Any notice that may be given hereunder shall be in writing
and be deemed given when hand delivered and acknowledged or, if mailed, one day
after mailing by registered or certified mail, return receipt requested, or if
delivered by an overnight delivery service, one day after the notice is
delivered to such service, to either party hereto at their respective addresses
stated above, or at such other address as either party may by similar notice
designate. Copies of such notices also shall be sent to the Employers attention:
General Counsel, 1840 Gateway Drive, San Mateo, California 94404 and to the
Executive’s counsel, attention: _______________________________________.

     11.    Specific Performance. The parties agree that irreparable damage
would occur in the event that any of the provisions of paragraph 6 were not
performed in accordance with their specific terms or were otherwise breached. It
is accordingly agreed that the parties shall be entitled to an injunction or
injunctions to prevent breaches of paragraph 6 and to enforce specifically the
terms and provisions of paragraph 6 hereof, this being in addition to any other
remedy to which any party is entitled at law or in equity.

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     12.    No Third Party Beneficiaries. Nothing in this Agreement, express or
implied, is intended to confer upon any person or entity other than the parties
(and the Executive’s heirs, executors, administrators and legal representatives)
any rights or remedies of any nature under or by reason of this Agreement.

     13.    Successor Liability. The Employers shall require any subsequent
successor, whether direct or indirect, by purchase, merger, consolidation or
otherwise, to all or substantially all of the business or assets of the
Employers to assume expressly and agree to perform this Agreement in the same
manner and to the same extent that the Employers would be required to perform it
if no such succession had taken place.

     14.    Mitigation. The Executive shall not be required to mitigate the
amount of any payment provided for in this Agreement by seeking other employment
or otherwise, nor shall the amount of any payment or benefit provided for in
this Agreement be reduced by any compensation earned by the Executive as the
result of employment by another employer or by retirement benefits payable after
the termination of this Agreement, except that the Employers shall not be
required to provide the Executive and his eligible dependents with medical
insurance coverage as long as the Executive and his eligible dependents are
receiving comparable medical insurance coverage from another employer.

     15.    Arbitration. Any dispute that may arise between the parties hereto,
including, without limitation, any dispute arising out of or relating to this
Agreement, shall be submitted to binding arbitration in accordance with the
Rules of the American Arbitration Association, except for any dispute excluded
from arbitration by law; provided that any such dispute shall first be submitted
to the Boards in an effort to resolve such dispute without resort to
arbitration, and provided, further, that the Boards shall have a period of 60
days within which to respond to the Executive’s submitted dispute, and if the
Boards fail to respond within said time, or the Executive’s dispute is not
resolved, the matter shall then be submitted for arbitration. The results of any
arbitration pursuant to this Agreement shall be final and binding on the parties
hereto.

     16.    Waiver of Breach. The failure at any time to enforce or exercise any
right under any of the provisions of this Agreement or to require at any time
performance by the other parties of any of the provisions hereof shall in no way
be construed to be a waiver of such provisions or to affect either the validity
of this Agreement or any part hereof, or the right of any party hereafter to
enforce or exercise its rights under each and every provision in accordance with
the terms of this Agreement.

     17.    No Attachment. Except as required by law, no right to receive
payments under this Agreement shall be subject to anticipation, commutation,
alienation, sale, assignment, encumbrance, charge, pledge or hypothecation or to
execution, attachment, levy or similar process or assignment by operation of
law, and any attempt, voluntary or involuntary, to effect any such action shall
be null, void and of no effect; provided, however, that nothing in

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this paragraph 17 shall preclude the assumption of such rights by executors,
administrators or other legal representatives of the Executive or his estate and
their assigning any rights hereunder to the person or persons entitled hereto.

     18.    Severability. The invalidity or unenforceability of any term,
phrase, clause, paragraph, restriction, covenant, agreement or other provision
hereof shall in no way affect the validity or enforceability of any other
provision, or any part thereof, but this Agreement shall be construed as if such
invalid or unenforceable term, phrase, clause, paragraph, restriction, covenant,
agreement or other provision had never been contained herein unless the deletion
of such term, phrase, clause, paragraph, restriction, covenant, agreement or
other provision would result in such a material change as to cause the covenants
and agreements contained herein to be unreasonable or would materially and
adversely frustrate the objectives of the parties as expressed in this
Agreement.

     19.    Survival of Benefits. Any provision of this Agreement that provides
a benefit to the Executive and that by the express terms hereof does not
terminate upon the expiration of the Term shall survive the expiration of the
Term and shall remain binding upon the Employers until such time as such
benefits are paid in full to the Executive or his estate.

     20.    Construction. This Agreement shall be governed by and construed in
accordance with the internal laws of the State of California, without giving
effect to principles of conflict of laws. All headings in this Agreement have
been inserted solely for convenience of reference only, are not to be considered
a part of this Agreement and shall not affect the interpretation of any of the
provisions of this Agreement.

     IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of
the date first written above.

      BAY VIEW CAPITAL CORPORATION By:   /s/ John Okubo

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Name: John Okubo
Title: Executive Vice President and CFO BAY VIEW ACCEPTANCE CORPORATION By:  
/s/ John Okubo

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Name: John Okubo
Title: Executive Vice President and CFO     /s/ P.K. Chatterjee

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P.K. Chatterjee

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