Change In Control Agreement dated November 1, 2003



 EXHIBIT 10.7 
  
 FIRST BANK OF BEVERLY HILLS, F.S.B. 
 23901 Calabasas Road 
 Suite 1050 
 Calabasas, CA 91302 
  
 November 1,
2003 
  

			
	 To:
	 	 CRAIG KOLASINSKI

		
	 Subject:
	 	 First Bank of Beverly Hills, F.S.B. Change in Control Plan


  
 First Bank of Beverly
Hills, F.S.B. has adopted the First Bank of Beverly Hills, F.S.B. Change in Control Plan (the “Plan”). The provisions of the Plan, as they apply to you, are as follows: 
  
 Article I 
  
 DEFINITIONS 
  
 1.1 Definitions 
  
 Whenever used in this Plan, the following capitalized terms shall have the meanings set forth in this Section 1.1, certain other capitalized terms being
defined elsewhere in this Plan: 
  
 (a) “Bank”
means First Bank of Beverly Hills, F.S.B., and any successor or assignee as provided in Article IV. 
  
 (b) “Board” means the Board of Directors of the Bank. 
  
 (c) “Cause” means any of the following acts or circumstances: (i) willful destruction by you of property of
the Bank or a Subsidiary having a material value to the Bank or such Subsidiary; (ii) fraud, embezzlement, theft, or comparable dishonest activity committed by you (excluding acts involving a de minimis dollar value and not related to the Bank or a
Subsidiary); (iii) your conviction of or entering a plea of guilty or nolo contendere to any crime constituting a felony or any misdemeanor involving fraud, dishonesty or moral turpitude (excluding acts involving a de minimis dollar value and not
related to the Bank or a Subsidiary); (iv) your breach or neglect of, or refusal or failure to materially discharge, your duties (other than due to physical or mental illness) commensurate with your title and function or your failure to comply with
the lawful directions of the Board or the Chief Executive Officer of the Bank, or of the Board of Directors or the Chief Executive Officer of the Subsidiary that employs you, in any such case that is not cured within fifteen (15) days after you have
received written notice thereof from such Board of Directors or Chief Executive Officer; or (v) a willful and knowing material misrepresentation to the Board or the Chief Executive Officer of the Bank or to the Board of Directors or the Chief
Executive Officer of the Subsidiary that employs you. 







 (d) “Change in Control” shall mean the occurrence of any of the following: 

 
 (i) Any “Person” or “Group” (as such
terms are defined in Section 13(d) of the Securities Exchange Act of 1934 (the “Exchange Act”) and the rules and regulations promulgated thereunder) is or becomes the “Beneficial Owner” (within the meaning of Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of WFSG, or of any entity resulting from a merger or consolidation involving WFSG, representing more than fifty percent (50%) of the combined voting power of the then outstanding voting securities
of WFSG or such entity. 
  
 (ii) The individuals
who, as of the date hereof, are members of the Board of Directors of WFSG (the “Existing Directors”), cease, for any reason, to constitute more than fifty percent (50%) of the number of authorized directors of WFSG as determined in the
manner prescribed in the Certificate of Incorporation and Bylaws; provided, however, that if the election, or nomination for election, by WFSG stockholders of any new director was approved by a vote of at least fifty percent (50%) of the Existing
Directors, such new director shall be considered an Existing Director; provided further, however, that no individual shall be considered an Existing Director if such individual initially assumed office as a result of either an actual or threatened
“Election Contest” (as described in Rule 14a-11 promulgated under the Exchange Act) or other actual or threatened solicitation of proxies by or on behalf of anyone other than the Board of Directors of WFSG (a “Proxy Contest”),
including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest. 
  
 (iii) The consummation of (x) a merger, consolidation or reorganization to which WFSG is a party, whether or not WFSG is the Person
surviving or resulting therefrom, or (y) a sale, assignment, lease, conveyance or other disposition of all or substantially all of the assets of WFSG, in one transaction or a series of related transactions, to any Person other than WFSG, where any
such transaction or series of related transactions referred to in clause (x) or clause (y) above in this subparagraph (iii) (a “Transaction”) does not otherwise result in a “Change in Control” pursuant to subparagraph (i) of this
definition of “Change in Control”; provided, however, that no such Transaction shall constitute a “Change in Control” under this subparagraph (iii) if the Persons who were the stockholders of WFSG immediately before the
consummation of such Transaction are the Beneficial Owners, immediately following the consummation of such Transaction, of fifty percent (50%) or more of the combined voting power of the then outstanding voting securities of the Person surviving or
resulting from any merger, consolidation or reorganization referred to in clause (x) above in this subparagraph (iii) or the Person to whom the assets of WFSG are sold, assigned, leased, conveyed or disposed of in any transaction or series of
related transactions referred in clause (y) above in this subparagraph (iii), in substantially the same proportions in which such Beneficial Owners held voting stock in WFSG immediately before such Transaction or series of related transactions.

  

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 (iv) Any “Person” or “Group,” other than WFSG or any of its
subsidiaries, is or becomes the “Beneficial Owner,” directly or indirectly, of securities representing more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of the the Bank Business Entity.
“FBBH Business Entity” shall mean, at any time, the principal corporation or other entity that is then engaged in the banking and related business activities in which the Bank is currently engaged, which entity may be (i) the Bank, (ii)
any entity resulting from a merger, consolidation, reorganization or other similar transaction involving the Bank or a successor entity thereto, or (iii) any entity that has succeeded to the business of the Bank through the sale, transfer,
contribution or other disposition of all or substantially all of the assets of the Bank or a successor entity thereto. 
  
 (e) “WFSG” means Wilshire Financial Services Group, Inc., a Delaware corporation. 
  
 (f) “Compensation” means and includes all of your base
annual salary attributable to your employment with the Bank and/or any of its Subsidiaries (including, but not limited to, any amounts excludable from your gross income for federal income tax purposes pursuant to Section 125 or Section 401(k) of the
Internal Revenue Code of 1986, as amended), in effect immediately before the Change in Control. “Compensation” shall not include your bonuses, annual incentive awards, non-cash compensation or reimbursements, if any (e.g., the grant or
vesting of restricted stock, the grant, vesting, or exercise of stock options, automobile allowance and gasoline reimbursement). 
  
 (g) “Disability” means a physical or mental infirmity which substantially impairs your ability to perform your material duties for a
period of at least one hundred eighty (180) consecutive calendar days, and, as a result of such Disability, you have not returned to your full-time regular employment prior to termination. 
  
 (h) “Eligible Employee” means any employee of the Bank or
any of its Subsidiaries who is designated by the Board or any committee thereof to participate in this Plan. 
  
 (i) “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
  
 (j) “Good Reason” means the occurrence, on or after the
occurrence of a Change in Control, of any of the following: 
  
 (i) The Bank or any of its Subsidiaries reduces your base salary. 
  
 (ii) The Bank amends the method for computing bonuses in a way which is not generally applicable to executives of the Bank and its
Subsidiaries and which materially reduces your potential bonus given any particular level of performance of the Bank and its Subsidiaries. 
  
 (iii) Without your express written consent, the Bank or any of its Subsidiaries requires you to change the location of your job or office,
so that you will be based at a location more than 100 miles from the location of your job or office. 
  

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 (iv) Without your express written consent, the Bank or any of its Subsidiaries reduces
your responsibilities or directs you to report to a person of lower rank or responsibilities than the person to whom you reported before the Change in Control. 
  

(v) A successor to the Bank fails or refuses to assume the obligations of the Bank under this Plan. 
  
 (k) “Person” shall have the meaning set forth in the
definition of “Change in Control.” 
  
 (l)
“Plan” means this Change in Control Plan. 
  
 (m)
“Release” means the Separation and General Release Agreement in the form attached hereto as Exhibit “A”. 
  
 (n) “Severance Payment” means the payment of severance compensation as provided in Article II. 
  
 (o) “Subsidiary” means any corporation or other Person, a
majority of the voting power, equity securities or equity interest of which is owned directly or indirectly by the Bank. 
  
 (p) “WARN” means the Worker Adjustment and Retraining Notification Act, 29 U.S.C. §2101 et seq. 
  
 Article II 
  
 SEVERANCE PAYMENTS 
  
 2.1 Right to Severance Payment; Release 
  
 Conditioned on the execution and delivery by you (or your beneficiary or
personal representative, if applicable) of the Release, and subject to the provisions of Section 2.7, you shall be entitled to receive a Severance Payment from the Bank in the amount provided in Section 2.2 if (a) you are an Eligible Employee, and
(b) within one year after the occurrence of a Change in Control, your employment is involuntarily terminated by the Bank or any of its Subsidiaries for any reason other than Cause or your death or Disability, or you voluntarily terminate your
employment with the Bank and all Subsidiaries for Good Reason. Notwithstanding the foregoing, you will not be entitled to receive a Severance Payment to the extent you receive payments which the Bank or its Subsidiaries are required to make to you
under WARN. 
  

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 2.2 Amount of Severance Payment 
  
 If you become entitled to a Severance Payment under this Plan, the amount of your Severance Payment, when added to any
payments which the Bank or its Subsidiaries are required to make to you under WARN, shall equal your Compensation. 
  
 2.3 No Mitigation 
  
 The Bank acknowledges and agrees that you shall be entitled to receive your entire Severance Payment regardless of any income which you may receive from
other sources following your termination on or after the Change in Control. 
  
 2.4 Payment of Severance Payment 
  
 The Severance Payment to which you are entitled shall be paid to you, in cash and in full, not later than the later of (i) eight (8) calendar days after execution and delivery by you (or your beneficiary or personal
representative, if applicable) of the Release Agreement, or (ii) the date on which such Release becomes effective. If you should die before all amounts payable to you have been paid, such unpaid amounts shall be paid to your beneficiary under this
Agreement or, if you have not designated such a beneficiary in writing to the Bank, to the personal representative(s) of your estate. 
  
 2.5 Health Benefits Coverage 
  
 If you are entitled to receive a Severance Payment under Section 2.1, you will also be entitled to receive health benefits coverage for you and your
dependents under the same plan(s) or arrangement(s) under which you were covered immediately before your termination of employment or plan(s) established or arrangement(s) provided by the Bank or any of its Subsidiaries thereafter. Such health
benefits coverage shall be paid for by the Bank to the same extent as if you were still employed by the Bank, and you will be required to make such payments as you would be required to make if you were still employed by the Bank. The benefits
provided under this Section 2.5 shall continue until the earlier of (a) the expiration of one (1) year following your termination of employment with the Bank and all of its Subsidiaries, or (b) the date you become covered under any other group
health plan not maintained by the Bank or any of its Subsidiaries; provided, however, that if such other group health plan excludes any pre-existing condition that you or your dependents may have when coverage under such group health plan would
otherwise begin, coverage under this Section 2.5 shall continue (but not beyond the six (6) month period described in clause (a) of this sentence) with respect to such pre-existing condition until such exclusion under such other group health plan
lapses or expires. In the event you are required to make an election under Sections 601 through 607 of ERISA (commonly known as COBRA) to qualify for the benefits described in this Section 2.5, the obligations of the Bank and its Subsidiaries under
this Section 2.5 shall be conditioned upon your timely making such an election. 
  
 2.6 Withholding of Taxes 
  
 The Bank may withhold from any amounts payable under this Plan all federal, state, city or other taxes required by applicable law to be withheld by the
Bank. 
  

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 2.7 Governmental Approval 
  
 The Bank’s obligation to pay you any amounts under this Plan is
conditioned upon approval of the Plan or of payment of such amounts (or upon review of the Plan or of payment of such amounts, and failure to object thereto) by the OTS, the FDIC, or any other governmental agency having jurisdiction over the Bank or
its Subsidiaries, to the extent such approval (or review) is required by applicable laws or regulations. 
  
 Article III 
  
 OTHER RIGHTS AND BENEFITS NOT AFFECTED 
  
 3.1 Other Benefits 
  
 This Plan does not provide
a pension for you, nor shall any payment hereunder be characterized as deferred compensation. Except as set forth in Section 3.2, neither the provisions of this Plan nor the Severance Payment provided for hereunder shall reduce any amounts otherwise
payable, or in any way diminish your rights as an employee, whether existing now or hereafter, under any written benefit, incentive, retirement, stock option, stock bonus or stock purchase plan or any written employment agreement or other written
plan or arrangement not related to severance. 
  
 3.2 Other Severance Plans Superseded 
  
 When you
become entitled to a Severance Payment under this Plan, this Plan will supersede, as to you, any and all other severance plans of the Bank or its Subsidiaries and severance agreements between you and the Bank and its Subsidiaries, and your
participation in any other severance plan of the Bank and its Subsidiaries will be hereby terminated. 
  
 3.3 Employment Status 
  
 This Plan does not constitute a contract of employment or impose on you any obligation to remain in the employ of the Bank, nor does it impose on the Bank
or any of its Subsidiaries any obligation to retain you in your present or any other position, nor does it change the status of your employment as an employee at will. Nothing in this Plan shall in any way affect the right of the Bank or any of its
Subsidiaries in its absolute discretion to change or reduce your compensation at any time, or to change at any time one or more benefit plans, including but not limited to pension plans, dental plans, health care plans, savings plans, bonus plans,
vacation pay plans, disability plans, and the like. 
  
 Article
IV 
  
 SUCCESSOR TO BANK 
  
 The Bank shall require any successor or assignee, whether direct or indirect,
by purchase, merger, consolidation or otherwise, to all or substantially all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Plan, in the same manner and to the
same extent that the Bank would be required to perform if no such succession or assignment had taken place. In such event, 
  

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 the term “Bank,” as used in this Plan, shall mean (from and after, but not before, the occurrence of such
event) the Bank as herein before defined and any successor or assignee to the business or assets which by reason hereof becomes bound by the terms and provisions of this Plan. 
  
 Article V 
  
 CONFIDENTIALITY 
  
 5.1 Nondisclosure of Confidential Material 
  
 In the performance of your duties, you have previously had, and may in the future have, access to confidential records and
information, including, but not limited to, development, marketing, purchasing, organizational, strategic, financial, managerial, administrative, manufacturing, production, distribution and sales information, data, specifications and processes now
owned or at any time hereafter developed by the Bank or its agents or consultants or used at present or at any time hereafter in the course of its business, that are not otherwise part of the public domain (collectively, the “Confidential
Material”). All such Confidential Material is considered secret and has been and/or will be disclosed to you in confidence. By your acceptance of your Severance Payment under this Plan, you shall be deemed to have acknowledged that the
Confidential Material constitutes proprietary information of the Bank which draws independent economic value, actual or potential, from not being generally known to the public or to other persons who could obtain economic value from its disclosure
or use, and that the Bank has taken efforts reasonable under the circumstances, of which this Section 5.1 is an example, to maintain its secrecy. Except in the performance of your duties to the Bank, you shall not, directly or indirectly for any
reason whatsoever, disclose or use any such Confidential Material, except that the foregoing disclosure prohibition shall not apply as to Confidential Material that (i) has been publicly disclosed or was within your possession prior to its being
furnished to you by the Bank or becomes available to you on a nonconfidential basis from a third party (in any of such cases, not due to a breach by you of your obligations to the Bank or by breach of any other person of a confidential, fiduciary or
confidential obligation, the breach of which you know or reasonably should know), (ii) is required to be disclosed by you pursuant to applicable law, provided that you provide notice to the Bank of such requirement as promptly as possible, or (iii)
was independently acquired or developed by you without violating any of the obligations under this Plan and without relying on Confidential Material of the Bank. All records, files, drawings, documents, equipment and other tangible items, wherever
located, relating in any way to the Confidential Material or otherwise to the Bank’s business, which you have prepared, used or encountered or shall in the future prepare, use or encounter, shall be and remain the Bank’s sole and exclusive
property and shall be included in the Confidential Material. Upon your termination of employment with the Bank, or whenever requested by the Bank, you shall promptly deliver to the Bank any and all of the Confidential Material and copies thereof,
not previously delivered to the Bank, that may be, or at any previous time has been, in your possession or under your control. 
  

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 5.2 Nonsolicitation of Employees 
  
 By your acceptance of your Severance Payment under this Plan, you agree
that, for a period of one (1) year following your termination of employment with the Bank or its Subsidiaries, neither you nor any Person or entity in which you have an interest shall solicit any person who was employed on the date of your
termination of employment by the Bank or any of its Subsidiaries to leave the employ of the Bank or any of its Subsidiaries. Nothing in this Section 5.2, however, shall prohibit you or any Person or entity in which you have an interest from placing
advertisements in periodicals of general circulation soliciting applications for employment, or from employing any person who answers any such advertisement. For purposes of this Section 5.2, you shall not be deemed to have an interest in any
corporation whose stock is publicly traded merely because you are the owner of not more than two percent (2%) of the outstanding shares of any class of stock of such corporation, provided you have no active participation in the business of such
corporation (other than voting your stock) and you do not provide services to such corporation in any capacity (whether as an employee, an independent contractor or consultant, a board member, or otherwise). 
  
 5.3 Equitable Relief 
  
 By your acceptance of your Severance Payment under this Plan, you shall be
deemed to have acknowledged that violation of Sections 5.1 or 5.2 would cause the Bank irreparable damage for which the Bank cannot be reasonably compensated in damages in an action at law, and that therefore in the event of any breach by you of
Sections 5.1 or 5.2, the Bank shall be entitled to make application to a court of competent jurisdiction for equitable relief by way of injunction or otherwise (without being required to post a bond). This provision shall not, however, be construed
as a waiver of any of the rights which the Bank may have for damages under this Plan or otherwise, and, except as limited in Article VI, all of the Bank’s rights and remedies shall be unrestricted. 
  
 Article VI 
  
 ARBITRATION 
  
 Except for equitable relief as provided in Section 5.3, arbitration in
accordance with the then most applicable rules of the American Arbitration Association shall be the exclusive remedy for resolving any dispute or controversy between you and the Bank or any of its Subsidiaries, including, but not limited to, any
dispute regarding your employment or the termination of your employment or any dispute regarding the application, interpretation or validity of this Plan not otherwise resolved through the claims procedure set forth in Section 9.10. The arbitrator
shall be empowered to grant only such relief as would be available in a court of law. In the event of any conflict between this Plan and the rules of the American Arbitration Association, the provisions of this Plan shall be determinative. If the
parties are unable to agree upon an arbitrator, they shall select a single arbitrator from a list designated by the office of the American Arbitration Association having responsibility for the city in which you primarily performed services for the
Bank or its Subsidiaries immediately before your termination of employment of seven arbitrators, all of whom shall be retired judges who are actively involved in hearing private cases or members of the National Academy of 
  

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 Arbitrators, and who, in either event, are residents of the area in which you primarily performed services for the Bank
or its Subsidiaries immediately before your termination of employment. If the parties are unable to agree upon an arbitrator from such list, they shall each strike names alternatively from the list, with the first to strike being determined by lot.
After each party has used three strikes, the remaining name on the list shall be the arbitrator. The fees and expenses of the arbitrator shall initially be borne equally by the parties; provided, however, that each party shall initially be
responsible for the fees and expenses of its own representatives and witnesses. Unless mutually agreed otherwise by the parties, any arbitration shall be conducted at a location within fifty (50) miles from the location in which you primarily
performed services for the Bank or any of its Subsidiaries immediately before your termination of employment. If the parties cannot agree upon a location for the arbitration, the arbitrator shall determine the location within such fifty (50) mile
radius. Judgment may be entered on the award of the arbitrator in any court having jurisdiction. The prevailing party in the arbitration proceeding, as determined by the arbitrator, and in any enforcement or other court proceedings, shall be
entitled to the extent provided by law to reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation), expenses and reasonable attorney’s fees. 
  
 Article VII 
  
 MISCELLANEOUS 
  
 7.1 Applicable Law 
  
 To the extent not preempted by the laws of the United States, the laws of
the State of California shall be the controlling law in all matters relating to this Plan, regardless of the choice-of-law rules of the State of California or any other jurisdiction. 
  
 7.2 Construction 
  
 No term or provision of this Plan shall be construed so as to require the commission of any act contrary to law, and
wherever there is any conflict between any provision of this Plan and any present or future statute, law, ordinance, or regulation, the latter shall prevail, but in such event the affected provision of this Plan shall be curtailed and limited only
to the extent necessary to bring such provision within the requirements of the law. 
  
 7.3 Severability 
  
 If a provision of this Plan shall be held illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Plan and this Plan
shall be construed and enforced as if the illegal or invalid provision had not been included. 
  
 7.4 Headings 
  
 The Section headings in this Plan are inserted only as a matter of convenience, and in no way define, limit, or extend or interpret the scope of this Plan
or of any particular Section. 
  

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 7.5 Assignability 
  
 Your rights or interests under this Plan shall not be assignable or transferable (whether by pledge, grant of a security
interest, or otherwise) by you, your beneficiaries or legal representatives, except by will or by the laws of descent and distribution. 
  
 7.6 Term 
  
 If no Change in Control has theretofore occurred, this Plan shall expire and be of no further force and effect on December 31, 2005; provided that the
Board may, at any time prior to the expiration hereof, either (i) extend the term of this Plan, or (ii) upon ninety (90) days prior notice in writing delivered to you, terminate this Plan provided that such notice is delivered prior to the
occurrence of a Change of Control. If a Change in Control occurs on or before December 31, 2005 (or before any other expiration date or before the termination of this Plan if the Board had extended the term of this Plan or provided notice of its
earlier termination), this Plan shall continue in full force and effect until its terms and provisions are completely carried out. 
  
 7.7 Amendment 
  
 This Plan may be amended in any respect by resolution adopted by the Board until a Change in Control occurs. After a Change in Control occurs, this Plan
shall no longer be subject to amendment, change, substitution, deletion, revocation or termination in any respect whatsoever. No agreement or representations, written or oral, express or implied, with respect to the subject matter hereof, have been
made by the Bank which are not expressly set forth in this Plan. 
  
 7.8 Notices 
  
 For
purposes of this Plan, notices and all other communications provided for herein shall be in writing and shall be deemed to have been duly given when personally delivered, telecopied, or sent by certified or overnight mail, return receipt requested,
postage prepaid, addressed to the respective addresses, or sent to the respective telecopier numbers, last given by each party to the other, provided that all notices to the Bank shall be directed to the attention of the Board of Directors with a
copy to the General Counsel. All notices and communications shall be deemed to have been received on the date of delivery thereof if personally delivered, upon return confirmation if telecopied, on the third business day after the mailing thereof,
or on the date after sending by overnight mail, except that notice of change of address shall be effective only upon actual receipt. No objection to the method of delivery may be made if the written notice or other communication is actually
received. 
  
 7.9 Administration

  
 This Plan constitutes a welfare benefit plan within the
meaning of Section 3(1) of ERISA. This letter constitutes the governing document of the Plan. The Administrator of the Plan, within the meaning of Section 3(16) of ERISA, and the Named Fiduciary thereof, within the meaning of Section 402 of ERISA,
is the Bank. Attached hereto as Exhibit “B” is a statement of your rights under ERISA. 
  

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 7.10 Claims 
  
 If you believe you are entitled to a benefit under this Plan, you may make a claim for such benefit by filing with the Bank
a written statement setting forth the amount and type of payment so claimed. The statement shall also set forth the facts supporting the claim. The claim may be filed by mailing or delivering it to the Secretary of the Bank. 
  
 Within sixty (60) calendar days after receipt of such a claim, the Bank shall
notify you in writing of its action on such claim and if such claim is not allowed in full, shall state the following in a manner calculated to be understood by you: 
  
 (a) The specific reason or reasons for the denial; 
  
 (b) Specific reference to pertinent provisions of this Plan on which the denial is based; 
  
 (c) A description of any additional material or information necessary for you
to be entitled to the benefits that have been denied and an explanation of why such material or information is necessary; and 
  
 (d) An explanation of this Plan’s claim review procedure. 
  
 If you disagree with the action taken by the Bank, you or your duly authorized representative may apply to the Bank for a review of such action. Such
application shall be made within one hundred twenty (120) calendar days after receipt by you of the notice of the Bank’s action on your claim. The application for review shall be filed in the same manner as the claim for benefits. In connection
with such review, you may inspect any documents or records pertinent to the matter and may submit issues and comments in writing to the Bank. A decision by the Bank shall be communicated to you within sixty (60) calendar days after receipt of the
application. The decision on review shall be in writing and shall include specific reasons for the decision, written in a manner calculated to be understood by you, and specific references to the pertinent provisions of this Plan on which the
decision is based. 
  

			
	 Sincerely,

	
	 FIRST BANK OF BEVERLY HILLS, F.S.B.

		
	 By:
	 	  




  

	
	 I AGREE TO BE BOUND BY THE

	 TERMS OF THE ABOVE PLAN

	  



  

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