EXHIBIT 10.2
INDEMNIFICATION AGREEMENT
          THIS INDEMNIFICATION AGREEMENT (the “Agreement”) is made as of this
           day of                               , 200   , by and between United
Commercial Bank, a California state-chartered bank, (the “Bank”) and
                              , an individual (“Indemnitee”).
RECITALS
          A.     The Bank and Indemnitee recognize that unforeseen litigation
may subject directors, officers and agents to costs and expenses.
          B.     The Bank desires to attract and retain the services of highly
qualified individuals, such as Indemnitee, to serve as directors, officers and
agents of the Bank and to indemnify its directors, officers and agents so as to
provide them with the maximum protection permitted by law.
          In consideration of the Recitals set forth above and mutual covenants
and agreements set forth below, the Bank and Indemnitee do hereby agree as
follows:
AGREEMENT
          1.     Indemnification and Expense Advancement.
                  (a)     Proceedings Other than by Right of the Bank. The Bank
shall indemnify Indemnitee if Indemnitee was or is a party or is threatened to
be made a party to any proceeding (other than an action by or in the right of
the Bank to procure a judgment in its favor) by reason of the fact that
Indemnitee is or was an Agent (as defined in Section 1(i) below) of the Bank,
against costs, expenses, judgments, fines, settlements and other amounts
actually and reasonably incurred in connection with such proceeding if
Indemnitee acted in good faith and in a manner Indemnitee reasonably believed to
be in the best interests of the Bank and, in the case of a criminal proceeding,
has no reasonable cause to believe the conduct of Indemnitee was unlawful. The
termination of any proceeding by judgment, order, settlement, conviction or upon
a plea of nolo contendere or its equivalent shall not, of itself, create a
presumption that Indemnitee did not act in good faith and in a manner which
Indemnitee reasonably believed to be in the best interests of the Bank or that
Indemnitee had reasonable cause to believe that Indemnitee’s conduct was
unlawful.
                  (b)     Proceedings By or in the Right of the Bank. The Bank
shall indemnify Indemnitee if Indemnitee was or is a party or is threatened to
be made a party to any threatened, pending or completed action by or in the
right of the Bank to procure a judgment in its favor by reason of the fact that
Indemnitee is or was an Agent of the Bank, against expenses actually and
reasonably incurred by Indemnitee in connection with the defense or settlement
of such action if Indemnitee acted in good faith, in a manner Indemnitee
believed to be in the best interests of the

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Bank and its shareholders; except that no indemnification shall be made under
this Section 1(b) for any of the following:
                           (i)     In respect of any claim, issue or matter as
to which Indemnitee shall have been adjudged to be liable to the Bank in the
performance of Indemnitee’s duty to the Bank and its shareholders, unless and
only to the extent that the court in which such proceeding is or was pending
shall determine upon application that, in view of all the circumstances of the
case, Indemnitee is fairly and reasonably entitled to indemnity for the expenses
which such court shall determine;
                           (ii)     Of amounts paid in settling or otherwise
disposing of a pending action without court approval; or
                           (iii)    Of expenses incurred in defending a pending
action which is settled or otherwise disposed of without court approval.
                 (c)     Determination of Right of Indemnification. Any
indemnification under Sections 1(a) and (b) shall be made by the Bank only if
authorized in the specific case, upon a determination that indemnification of
Indemnitee is proper in the circumstances because Indemnitee has met the
applicable standard of conduct set forth above in Sections 1(a) and (b) by any
of the following:
                           (i)     A majority vote of a quorum consisting of
directors who are not parties to such proceeding; or
                           (ii)   If such a quorum of directors is not
obtainable, by independent legal counsel in a written opinion; or
                           (iii)   Approval of the shareholders by the
affirmative vote of a majority of the shares entitled to vote represented at a
duly held meeting at which a quorum is present or by the written consent of
shareholders as provided in the Bylaws, with the shares owned by the person to
be indemnified not being entitled to vote thereon; or
                           (iv)   By the court in which such proceeding is or
was pending upon application made by the Bank or its Agent or attorney or other
person rendering services in connection with the defense, whether or not such
application by the Agent, attorney or other person is opposed by the Bank.
                 (d)     Advances of Expenses. Expenses (including reasonable
attorneys’ and experts’ fees), costs, and charges incurred in defending any
proceeding shall be advanced promptly by the Bank prior to the final disposition
of such proceeding upon receipt of a written undertaking by or on behalf of
Indemnitee to repay such amount unless it shall be determined ultimately that
Indemnitee is entitled to be indemnified as authorized in this Section 1. The
form of such undertaking shall be substantially similar to Exhibit A hereto.

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                 (e)     Indemnification Against Expenses of Successful Party.
Notwithstanding the other provisions of this Section 1, to the extent that
Indemnitee has been successful on the merits in a defense of any proceeding,
claim, issue or matter referred to in Sections 1(a) and (b), Indemnitee shall be
indemnified against all expenses actually and reasonably incurred by Indemnitee
in connection therewith.
                 (f)     Right of Indemnitee to Indemnification Upon
Application; Procedure Upon Application. Any indemnification provided for in
Sections 1(a), (b) or (e) shall be made no later than ninety (90) days after the
Bank is given notice of request by Indemnitee, provided that any indemnification
under Sections 1(a) and (b) is authorized pursuant to Section 1(c). Any such
request for indemnification must be made within ninety (90) days of the final
adjudication, dismissal, or settlement of the matter for which Indemnitee seeks
indemnification, unless an appeal is filed, in which case the request may be
made within ninety (90) days after the appeal is resolved (hereafter referred to
as “Final Disposition”). Upon such notice, if a quorum of directors who were not
parties to the action, suit, or proceeding giving rise to indemnification is
obtainable, the Bank shall within two (2) weeks call a Board of Directors
meeting to be held within four (4) weeks of such notice, to make a determination
as to whether Indemnitee has met the applicable standard of conduct. Otherwise,
if a quorum consisting of directors who were not parties in the relevant action,
suit, or proceeding is not obtainable, the Bank shall retain (at the Bank’s
expense) independent legal counsel chosen by the Bank within two (2) weeks to
make such determination.
                          If notice of a request for payment of a claim under
any statute, under this Agreement, or under the Bank’s Articles of Incorporation
or Bylaws providing for indemnification or advance of expenses has been given to
the Bank by Indemnitee, and such claim is not paid in full by the Bank within
ninety (90) days of the later occurring of the giving of such notice and Final
Disposition in case of indemnification and ten (10) days of the giving of such
notice in case of advance of expenses, Indemnitee may, but need not, at any time
thereafter bring an action against the Bank to receive the unpaid amount of the
claim or the expense advance and, if successful, Indemnitee shall also be paid
for the expenses (including reasonable attorneys’ and experts’ fees) of bringing
such action. It shall be a defense to any such action (other than an action
brought to enforce a claim for expenses incurred in connection with any action,
suit, or proceeding in advance of its Final Disposition) that Indemnitee has not
met the standards of conduct which make it permissible under applicable law for
the Bank to indemnify Indemnitee for the amount claimed, and Indemnitee shall be
entitled to receive interim payment of expenses pursuant to Section 1(d) unless
and until such defense may be finally adjudicated by court order or judgment
from which no further right of appeal exists. Neither the failure of the Bank
(including its Board of Directors, independent legal counsel, or its
shareholders) to have made a determination that indemnification of Indemnitee is
proper in the circumstances because Indemnitee has met the applicable standard
of conduct required by applicable law, nor an actual determination by the Bank
(including its Board of Directors or its independent legal counsel) that
Indemnitee has not met such applicable standard of conduct, shall create a
presumption that Indemnitee has or has not met the applicable standard of
conduct.
                 (g)     Insurance. The Bank may purchase and maintain insurance
on behalf of any person who is or was an Agent against any liability asserted
against such person and incurred

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by him or her in any such capacity, or arising out of his or her status as such,
whether or not the Bank would have the power to indemnify such person against
such liability under the provisions of this Section 1.
                 (h)     Optional Means of Assuring Payment. Upon request by an
Indemnitee certifying that Indemnitee has reasonable grounds to believe
Indemnitee may be made a party to a proceeding for which Indemnitee may be
entitled to be indemnified under this Section 1, the Bank may, but is not
required to, create a trust fund, grant a security interest or use other means
(including, without limitation, a letter of credit) to ensure the payment of
such sums as may become necessary to effect indemnification as provided herein.
                 (i)     Definition of Agent. For the purposes of this
Agreement, “Agent” means any person who is or was a director, officer, employee
or other agent of the Bank, or is or was serving at the request of the Bank as a
director, officer, employee or agent of another foreign or domestic Bank,
partnership, joint venture, trust or other enterprise, or was a director,
officer, employee or agent of a foreign or domestic Bank which was a predecessor
Bank of the Bank or of another enterprise at the request of such predecessor
Bank; “proceeding” means any threatened, pending or completed action or
proceeding, whether civil, criminal, administrative or investigative; and
“expenses” includes without limitation reasonable attorneys’ and experts’ fees
and any expenses of establishing a right to indemnification.
                 (j)     Indemnification under Section 204(a)(11) of the
California General Corporation Law. Subject to the provisions of California
General Corporation Law Section 204(a)(11) and any other applicable law,
notwithstanding any other provisions of this Section 1, the following shall
apply to the indemnification of Indemnitee:
                         (i)     The Bank shall indemnify Indemnitee pursuant to
this Section 1(l) if the Bank would be required to indemnify Indemnitee pursuant
to Sections 1(a) or (b) if in Section 1(a) or (b) the phrase “in a manner
Indemnitee reasonably believed to be in the best interests of the Bank” is
replaced with the phrase “in a manner Indemnitee did not believe to be contrary
to the best interests of the Bank.” If pursuant to Sections 1(c) and (f) the
person making the Section 1(a) and/or (b) conduct standard determination
determines that such standard has not been satisfied, such person shall also
determine whether this Section 1(l)(i) conduct standard has been satisfied;
                         (ii)    There shall be a presumption that Indemnitee
met the applicable standard of conduct required to be met in Section 1(c) for
indemnification, rebuttable by clear and convincing evidence to the contrary;
                         (iii)   The Bank shall have the burden of proving that
Indemnitee did not meet the applicable standard of conduct in Section 1(c);
                         (iv)   In addition to the methods provided for in
Section 1(c), a determination that indemnification is proper in the
circumstances because that Indemnitee met the applicable standard of conduct may
also be made by the arbitrator in any arbitration proceeding in which such
matter is or was pending; and

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                         (v)    Unless otherwise agreed to in writing between an
Indemnitee and the Bank in any specific case, indemnification may be made under
Section 1(b) for amounts paid in settling or otherwise disposing of a pending
action without court approval.
          2.     Changes.
                  In the event of any change, after the date of this Agreement,
in any applicable law, statute, or rule which expands the right of a California
state-chartered bank to indemnify a member of its board of directors, its
officers or its Agents, such changes shall automatically expand, without further
action of the parties, Indemnitee’s rights and the Bank’s obligations, under
this Agreement. In the event of any change in any applicable law, statute or
rule which narrows the right to indemnify a member of its board of directors,
its officers or its Agents, such changes, to the extent not otherwise required
by such law, statute or rule to be applied to this Agreement, shall have no
effect on this Agreement or the parties’ rights and obligations hereunder. In
the event of an amendment to the Bank’s Bylaws which expands the right to
indemnify a member of its board of directors, its officers or its Agents, such
change shall automatically expand, without further action of the parties,
Indemnitee’s rights and Bank’s obligations under this Agreement. In the event of
any amendment to the Bank’s Bylaws which narrows such right of a California
state-chartered bank to indemnify a member of its board of directors, its
officers or its Agents, such change shall only apply to the indemnification of
Indemnitee for acts committed, or lack of action, by Indemnitee after such
amendment. The Bank agrees to give Indemnitee prompt written notice of
amendments to the Bank’s Bylaws which concern indemnification.
          3.     Nonexclusivity.
                  The indemnification provided by this Agreement shall not be
deemed exclusive of any rights to which Indemnitee may be entitled under the
Bank’s Articles of Incorporation, its Bylaws, any agreement, any vote of
shareholders or disinterested Directors, the California General Corporation Law,
or otherwise, both as to action in Indemnitee’s official capacity and as to
action in any other capacity while holding such office (an “Indemnified
Capacity”). The indemnification provided under this Agreement shall continue as
to Indemnitee for any action taken or not taken while serving in an Indemnified
Capacity even though such Indemnitee may have ceased to serve in an Indemnified
Capacity at the time of any action, suit or other covered proceeding, and shall
inure to the benefit of the heirs, executors, and administrators of Indemnitee.
          4.     Partial Indemnification.
                  If Indemnitee is entitled under any provision of this
Agreement to indemnification by the Bank for some or a portion of the expenses,
judgment, fines or penalties actually or reasonably incurred by Indemnitee in
the investigation, defense, appeal or settlement of any civil or criminal
action, suit or proceeding, but not, however, for the total amount thereof, the
Bank shall nevertheless indemnify Indemnitee for the portion of such expenses,
judgments, fines or penalties to which Indemnitee is entitled pursuant to this
Agreement.

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          5.     Potential Limitations.
                  Both the Bank and Indemnitee acknowledge that in certain
instances, California state law and federal banking laws and regulations,
federal law or public policy may override applicable state law and prohibit the
Bank from indemnifying its directors and officers under this Agreement or
otherwise. For example, the Bank and Indemnitee acknowledge that the federal
regulators have taken the position that indemnification is not permissible for
liabilities arising under certain federal securities laws, and federal
legislation prohibits indemnification for certain ERISA violations. Indemnitee
understands and acknowledges that the Bank has undertaken or may be required in
the future to undertake with federal regulators to submit questions of
indemnification to a court in certain circumstances for a determination of the
Bank’s right under public policy to indemnify Indemnitee. Furthermore,
Indemnitee and Bank acknowledge that the extent of (i) indemnification
permissible under Section 204(a)(11) of the California General Corporation Law
has not been judicially determined; therefore, the enforceability of
Indemnitee’s rights under Section 1(l) is uncertain; and (ii) advancement of
expenses and indemnification of Indemnitee in the event of a proceeding or
action described in Section 7(a) below, is also uncertain and may not be
permissible or may be subject to applicable regulatory restrictions.
          6.     Severability.
                  Nothing in this Agreement is intended to require or shall be
construed as requiring the Bank to do or fail to do any act in violation of
applicable law. The Bank’s inability, pursuant to court order, to perform its
obligations under this Agreement shall not constitute a breach of the Agreement.
If the application of any provision or provisions of the Agreement to any
particular facts or circumstances shall be held to be invalid or unenforceable
by any court of competent jurisdiction, then (i) the validity and enforceability
of such provision or provisions as applied to any other particular facts or
circumstances and the validity of other provisions of this Agreement shall not
in any way be affected or impaired thereby and (ii) such provision(s) shall be
reformed without further action by the parties to make such provision(s) valid
and enforceable when applied to such facts and circumstances with a view toward
requiring the Bank to indemnify Indemnitee to the fullest extent permissible by
law.
          7.     Exceptions.
                  Notwithstanding any other provision herein to the contrary,
the Bank shall not be obligated pursuant to the terms of this Agreement:
                  (a)     Regulatory Agency Proceedings. To indemnify Indemnitee
for expenses, penalties or other payments incurred in an administrative
proceeding or action threatened instituted by a bank regulatory agency, which
proceeding or action results in a final order imposing injunctive or similar
relief or assessing civil money penalties or in any other resolution requiring
or preventing action by the Indemnitee; or
                  (b)     Claims Initiated by Indemnitee. To indemnify or
advance expenses to Indemnitee with respect to proceedings or claims (except
counter-claims or cross-claims)

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initiated or brought voluntarily by Indemnitee and not by way of defense, except
with respect to proceedings brought to establish or enforce a right to
indemnification under this Agreement or any other statute or law or otherwise as
required by the California General Corporation Law, but such indemnification or
advancement of expenses may be provided by the Bank in specific cases if the
Board of Directors finds it to be appropriate; or
                  (c)     Lack of Good Faith. To indemnify Indemnitee for any
expenses incurred by Indemnitee with respect to any proceeding instituted by
Indemnitee to enforce or interpret this Agreement, if a majority of the Bank’s
directors or a court of competent jurisdiction determines that the material
assertions made by Indemnitee in such proceeding were not made in good faith or
was frivolous; or
                  (d)     Insured Claims. To indemnify Indemnitee for expenses
or liabilities of any type whatsoever (including, but not limited to, judgments,
fines, ERISA excise taxes or penalties, and amounts paid in settlement) which
have been paid directly to Indemnitee by an insurance carrier under a policy of
officers’ and directors’ liability or other insurance maintained by the Bank; or
                  (e)     Claims under Section 16(b). To indemnify Indemnitee
for expenses or the payment of profits arising from the purchase and sale by
Indemnitee of securities in violation of Section 16(b) of the Securities
Exchange Act of 1934, as amended, or any similar successor statute.
          8.     Counterparts.
                  This Agreement may be executed in one or more counterparts,
each of which shall constitute an original.
          9.     Successors and Assigns.
                  This Agreement shall be binding upon the Bank and its
successors and assigns, and shall inure to the benefit of Indemnitee and
Indemnitee’s estate, heirs, and legal representatives and permitted assigns.
Indemnitee may not assign this Agreement without the prior written consent of
the Bank.
          10.   Attorneys’ Fees.
                  In the event that any action is instituted by Indemnitee under
this Agreement to enforce or interpret any of the terms hereof, Indemnitee shall
be entitled to be paid all court costs and expenses, including reasonable
attorneys’ and experts’ fees, incurred by Indemnitee with respect to such
action, unless as a part of such action, the court of competent jurisdiction
determines that each of the material assertions made by Indemnitee as a basis
for such action were not made in good faith or were frivolous. In the event of
an action instituted by or in the name of the Bank under this Agreement or to
enforce or interpret any of the terms of this Agreement, Indemnitee shall be
entitled to be paid all court costs and expenses, including reasonable
attorneys’ and experts’ fees, incurred by Indemnitee in defense of such action

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(including with respect to Indemnitee’s counterclaims and cross-claims made in
such action), unless as a part of such action the court determines that each of
Indemnitee’s material defenses to such action were made in bad faith or were
frivolous.
          11.   Notice.
                  All notices, requests, demands and other communications under
this Agreement shall be in writing and shall be deemed duly given (i) if
delivered by hand and signed for by the party addressee, on the date of such
receipt, or (ii) if mailed by certified or registered mail with postage prepaid,
on the third business day after the date postmarked. Addresses for notice to
either party are as shown on the signature page of this Agreement, or as
subsequently modified by written notice.
          12.   Section Headings.
                  The Section headings in this Agreement are solely for
convenience and shall not be considered in its interpretation.
          13.   Waiver.
                  A waiver by either party of any term or condition of the
Agreement or any breach thereof, in any one instance, shall not be deemed or
construed to be a waiver of such term or condition or of any subsequent breach
thereof.
          14.   Entire Agreement; Amendment.
                  This instrument contains the entire integrated Agreement
between the parties hereto and supersedes all prior negotiations,
representations or agreements, whether written or oral except for the Bank’s
Articles of Incorporation and Bylaws. It may be amended only by a written
instrument signed by a duly authorized officer of Bank and by Indemnitee.
          15.   Choice of Law and Forum.
                  Except for that body of law governing choice of law, this
Agreement shall be governed by, and construed in accordance with, internal laws
of the State of California which govern transactions between California
residents.
          16.   Mediation/Arbitration.
                  (a)     All disputes, claims or controversies arising out of
or relating to this Agreement (collectively, “Disputes”) shall be submitted to
non-binding mediation by either party to an impartial mediator, as agreed to by
the parties, and appointed through JAMS in San Francisco, California, for a good
faith effort at resolution. The mediator shall review the Dispute within thirty
(30) days of submission or at such other time provided the parties so agree. Any
mediation fee shall be paid equally among the parties. Any Dispute which is not
resolved through such mandatory mediation shall be settled by final and binding
arbitration before a single neutral arbitrator of JAMS in accordance with the
then current Commercial Arbitration

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Rules of the American Arbitration Association in San Francisco, California.
Judgment on the award rendered by the arbitrator may be entered in any court in
California. In the event that any Dispute between Indemnitee and the Bank should
result in arbitration, the prevailing party in the Dispute shall be entitled to
recover from the other party all reasonable fees, costs and expenses of
enforcing any right of the prevailing party, including, without limitation,
reasonable attorneys’ fees, experts’ fees, and expenses. Each party agrees that
the Dispute as mediated and/or arbitrated and the final resolution of such
Dispute shall be considered to be confidential information, and shall be kept
confidential by each party.
             (b)     Indemnitee specifically acknowledges and understands that
by agreeing to this provision, Indemnitee is waiving all rights to have his or
her claims brought, investigated, and/or adjudicated by an administrative
agency, or heard before a judge or jury. Indemnitee also understands that
Indemnitee’s rights to discovery may be lesser or narrower in arbitration, that
there may be fees and costs associated with mediation and/or arbitration that
Indemnitee may not otherwise have, and that Indemnitee is waiving substantial
time that Indemnitee might otherwise have to make a claim, prepare his or her
case, or investigate his or her claims. The claims include claims of any kind
relating to Indemnitee’s relationship with the Bank, including claims relating
to compensation, discrimination, any benefits, status as an officer, director or
Agent of the Bank, conflict of interest, or any other claim or dispute relating
to or arising out of Indemnitee’s relationship with the Bank. The underlying
Disputes shall be fully and finally resolved through arbitration, including any
right to permanent injunctive relief.
          17.   Consideration.
                  Part of the consideration the Bank is receiving from
Indemnitee to enter into this Agreement is Indemnitee’s agreement to serve or to
continue to serve, as applicable, for the present as an officer, director or
Agent of the Bank. Nothing in this Agreement shall preclude Indemnitee from
resigning as an officer, director or Agent of the Bank nor the Bank, by action
of its shareholders, board of directors, or officers, as the case may be, from
terminating Indemnitee’s services as an officer, director or Agent, as the case
may be, with or without cause.
[Remainder of page intentionally left blank]

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

                  INDEMNITEE:       UNITED COMMERCIAL BANK    
 
               
 
               
 
      By         
 
               
Signature
               
 
               
 
                              Printed Name       Printed Name and Title    
 
               
 
               
 
                              (address)       (address)    

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EXHIBIT A
UNDERTAKING TO REPAY ADVANCEMENT
OF EXPENSES
          A.     Indemnitee is or has been a director, officer, employee or
other agent of UNITED COMMERCIAL BANK, a California state-chartered bank (the
“Bank”); and
          B.     On account of such fact, Indemnitee was or is or is threatened
to be made a party to the proceeding described and designated hereinafter (the
“Proceeding”); and
          C.     Indemnitee has requested that the Bank advance to Indemnitee,
prior to final disposition of the Proceeding, Indemnitee’s costs and expenses
incurred in defense of the Proceeding; and
          D.     As a condition to advancement of such expenses, the Bank has
required that the following undertaking be made by or on behalf of Indemnitee.
The undersigned herein undertakes as follows:
          1.     This undertaking is executed in accordance with and is subject
to Section 317 of the California General Corporation Law, and that certain
Indemnification Agreement between Indemnitee and the Bank dated
                               , and is subject to all provisions, including
definitions of terms, thereof.
          2.     Indemnitee was or is or is threatened to be made a party to the
following proceeding:
          Name of Claimant or Title
          of Action or Proceeding:
 
          Court or Agency
          (if any):
 

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          Date Filed Or Presented:
 
          Status:
 
          
 
          
 
          Indemnitee’s Counsel:
 
          Nature and Amount
          of Claim:
 
          
 
          
 
          
 
          3.     In consideration of the advancement by the Bank of Indemnitee’s
expenses incurred or to be incurred in defense of the Proceeding, the
undersigned hereby undertakes to repay all amounts advanced by the Bank on
account of Indemnitee’s defense of the Proceeding, unless it shall be determined
ultimately that Indemnitee is entitled to be indemnified with respect to the
Proceeding in accordance with Section 317 of the California General Corporation
Law.

                 
Date:
               
 
               
 
          (Signature of Indemnitee)    
 
               
 
               
 
               
 
          (Printed Name of Indemnitee)    

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