exhibit10-18.htm


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    Exhibit
10.18

    


    Named Executive Officer
Salary and Bonus Arrangements

    


    Set forth
below is a description of certain compensation arrangements for the following
officers of Imperial Capital Bancorp, Inc. (the “Company”) and Imperial Capital
Bank, referred to below as the “named executive officers”: George W. Haligowski,
Chairman of the Board, President and Chief Executive Officer; Timothy M. Doyle,
Executive Managing Director and Chief Financial Officer; Lyle C. Lodwick,
Executive Managing Director and Chief Operating Officer; and Phillip E.
Lombardi, Executive Managing Director and Chief Credit Officer.

    


    Base
Salaries

    


    The
following table sets forth the current base salaries for the named executive
officers:

    


    
      
        
          
            	
                    Name

                  	 	
                    Base Salary

                  	 
	
                    George
      W. Haligowski

                  	 	$	590,000	 
	
                    Timothy
      M. Doyle

                  	 	 	259,875	 
	
                    Lyle
      C. Lodwick

                  	 	 	247,200	 
	
                    Phillip
      E. Lombardi

                  	 	 	205,000	 


          

        

      

    

    


    Bonuses

    


    The named
executive officers may receive cash bonuses at the discretion of the
Compensation Committee.  No bonuses were awarded to the named
executives for 2008.

    

      Corporate
Vehicle Program

      


      The
Company maintains a corporate vehicle program for officers at or above the level
of First Vice President and other associates at the discretion of the Chief
Executive Officer.  Prior to January 1, 2009, participants in the
program were given the choice of the use of a Company-purchased vehicle, with
the Company covering the purchase cost up to a specified amount and the costs of
operating the vehicle (including insurance, gasoline, maintenance, repairs and
personal use), or a monthly allowance intended to cover the costs of the
officer’s operation of his or her own vehicle.  Effective December 31,
2008, the purchase of new vehicles under the program was
suspended.  Participants who operated Company-provided vehicles under
the program prior to January 1, 2009 have been given the option of retaining
their Company vehicle and gasoline credit card up to or beyond the Minimum Term
or, alternatively, receiving the monthly allowance under the
program.  Participants operating Company-provided vehicles have the
option of purchasing the vehicles prior to or following the end of the Minimum
Term in accordance with the terms of the program.  The monthly
allowance option and minimum term (for Company-provided vehicles) for the
Executive Managing Director level and above are currently as
follows:

      


      
        
          
            
              
                
                  	
                          Officer
      Level

                        	 
      	
                          Monthly
      Allowance

                        	 
      	 
      	
                          Minimum
      Term

                        	 
      
	
                          Chief
      Executive Officer

                        	 
      	
                          $

                        	
                          2,600

                        	 
      	 
      	 
      	
                          3
      years

                        	 
      
	
                          Executive
      Managing Director

                        	 
      	
                          $

                        	
                          1,800

                        	 
      	 
      	 
      	
                          3
      years

                        	 
      


                

              

            

          

        

      

    

     

     

    Supplemental
Life Insurance Benefit

    


    The Board
also approved a supplemental life insurance benefit for Messrs. Lodwick and
Lombardi, which is consistent with the existing supplemental life insurance
benefit being provided to Mr. Doyle.  The benefit is in the form of a
$250,000 term policy on which the Company will pay the premiums and gross-up the
officers’ compensation for the tax liability they incur as a result of this
benefit.