sinclairmaxwellsignedfir






             FIRSTAMENDMENT      TO  EMPLOYMENT     AGREEMENT        THIS  FIRST  AMENDMENT     TO  EMPLOYMENT      AGREEMENT    ("Amendment Agreement") is made and entered into as of May 15, 2019, by and between PACIFIC                                                      "Bank"), MERCANTILE    BANK,  a Califomia banking corporation(the     and MAXWELL    G.                                               "Parties"). SINCLAIR, anindividual ("Executive")(collectivelythe                                   RECITALS        WHEREAS,   the Partiesenteredinto an EmploymentAgreementon May 27, 2016 (the "Agreement").        WHEREAS,Paragraph25   oftheAgreementpermitsmodificationofits termsso long as suchmodificationis in writing andsignedby bothParties.        WHEREAS,the   Partiesdesireto amendtheAgreementto extendthetermthereof.        NOW,  THEREFORE,in   exchangefor the mutual promisesand othergoodandvaluable consideration,the receiptand sufficiencyof which is herebyacknowledged,the Partiesagreeas follows:                                 AMENDMENTS        1.    Paragraph1. Term. Paragraph1 of the Agreementdefinesthe Initial Term of             the Agreementas a period ofthree (3) yearscommencingas ofMay 18, 2016             subjectto the terminationprovisionsof Section4 ofthe Agreement. The Parties             herebyagreeto extendtheInitial TermoftheAgreementfor anadditionalthree(3)             year period, effective as of May 18, 2019. All other tennsand conditions of             Paragraph1 oftheAgreementremainin full forceandeffect.        All othertemisoftheAgreementshallremainin full force andeffect.        IN WITNESSWHEREOF,thepartiesheretohaveexecutedthis  Agreementasofthedate indicatedbelow.    PACIFIC MERCANTILE    BANK                           .^~-——"""^                                                          ^-3        .      MigliaefHoopis                     Maxwell G. Sinclair      Chair,HumanResources&      CompensationCommittee  Date  ^>  ll^l^                        Date  ^^>[^6-iq   FPDOCS34860094.1 





 






Kathleen Wiesinger  From:                     Valena Ramos Sent:                     Sunday, May 12, 2019 8:59 PM To:                       Tom Vertin Cc:                       Curt Christianssen; Kathleen Wiesinger                                                    'Voting Subject:                  Fwd: The vote has been passed for Item - Maxwell SinclairAmendment_Rev.pdf  FYI.  Sentfrom my iPhone  Beginforwardedmessage:        From: donotreply(5idiligent.com       Date: May 12, 2019at 8:48:20PM PDT       To: valena.ramos@Bmbank.com                                        'Voting       Subject:Thevote hasbeenpassedfor        Item - Maxwell Sinclair       Amendment_Rev.pdf          THIS IS AN EX'I'ERNAL EMAIL. Do not openattachmentsor click on links from unknown                                  sendeisor unexpectedemails.                                                        'Voting       The vote has been passed for the Voting Document entitled Item - Maxwell Sinclair       Amendment_Rev.pdf in book 'Employment Agreement - M. Sinclair'.        Vote Response Count (%       Yes                3 60        No                o  o       Abstained          o  o        Not Cast          2 40         Voter Status        Edward Carpenter Yes    May 10, 2019 12:01 PM Pacific Standard Time        James F. Deutsch Yes    May 12, 2019 01:19 PM Pacific Standard Time        John Flemming  Not Voted        Michael Hoopis Yes      May 12, 2019 08:48 PM Pacific Standard Time        John Thomas    Not Voted        3 votes were required to pass the vote.