EX-10.1



 Exhibit 10.1 

CONSULTING AGREEMENT 

This Consulting Agreement (this “Agreement”) is made and entered into as of October 14, 2015, by
and between Citizens Business Bank, a California banking corporation (the “Company”), and Joseph D. Kreutz, an individual (“Consultant”). 

RECITALS 

A. The Company is party to an Agreement and Plan of Reorganization and Merger by and among CVB Financial Corp., the Company and County
Commerce Bank dated as of October 14, 2015 (the “Merger Agreement”) pursuant to which County Commerce Bank will merge with and into the Company (the “Merger”). 

B. Consultant is the president and chief executive officer of County Commerce Bank. 

C. The Company desires to retain Consultant’s services so that Consultant will be available to provide various services to the Company
following the Merger, as and when requested by the Company and as mutually agreed between the Company and Consultant. 

AGREEMENT 

NOW, THEREFORE, based on the foregoing premises and in consideration of the agreements
contained herein, the parties hereto hereby agree as follows: 
 1. Appointment and Acceptance. The Company hereby retains
Consultant to provide the Services (as defined in Section 2 below) during the Term (as defined in Section 5(a) below) and Consultant hereby agrees to render the Services to the Company during the Term, in accordance with the terms and conditions set
forth in this Agreement. 
 2. Consulting Services. 

(a) Nature of Services. Throughout the Term, if and when requested by the Company, Consultant shall assist and advise the
Company in connection with assignments, projects, public appearances, promotional events, and third party disputes about which Consultant has knowledge, including but not limited to (i) organizing and serving as co-chair of a regional advisory board
with an executive of the Company, (ii) making customer retention calls, (iii) making customer introductions and introductory calls, (iv) assisting with employee retention, (v) attending regional banking events and receptions, (vi) working with
executives of the Company on marketing strategies, relationship expansion and cross-sell opportunities, (vii) promoting the Company’s business, products and services and (viii) such other matters as mutually agreed by the Company and Consultant
from time to time (the “Services”). In each case where the parties agree on specific Services to be performed by Consultant, Consultant shall diligently and timely perform those Services. Services shall
be requested by the Board of Directors of the Company or its designee, and in performing the Services, Consultant shall report to the Board of Directors or its designee. Nothing in this Agreement shall be construed to require the Company to request
that Consultant perform any particular Services, or any Services at all, all of which shall be subject to the sole and absolute discretion of the Company. 

(b) Availability. During the first six months of the Term, Consultant shall be available to perform the Services up to three
days each week. During the second six months of the Term, 







 
Consultant shall be available to perform the Services up to two days per week. In addition, during the Term, Consultant shall be reasonably available to attend special events at the reasonable
request of the Company. Consultant shall not be required to be available to perform Services for more than eight (8) hours on any single day single day. 

(c) Limitations. Consultant acknowledges and agrees that he has no right or authority to bind the Company to any agreement,
contract or undertaking without the express, prior written approval of the Company. 
 (d) Prohibition on Conflicting Activities.
Consultant agrees that, during the Term, Consultant will not directly engage in any consulting arrangements, employment, occupation that conflict with Consultant’s obligations to the Company under this Agreement without the consent of the
Company. 
 (e) Permitted Activities. Consultant may engage in any business or other activities that are not prohibited by
this Agreement or are otherwise approved in writing by the Company. 
 3. Consultant’s Compensation. The Company shall
pay Consultant consulting fees in the amount of (i) $12,500 per month during the first six (6) months of the Term and (ii) $8,333 per month during the second six (6) months of the Term, which is an aggregate of $125,000 over the Term. The Company
shall pay Consultant his consulting fees through its regular accounts payable schedule. The parties acknowledge and agree that this is the only compensation Consultant will be paid under this Agreement, and the Company has no obligation to pay any
additional compensation for the performance of Services. A completed W-9 will be required at contract signing. 
 4. Reimbursement
of Expenses: Provision of Other Resources. 
 (a) Expenses. The Company will promptly reimburse Consultant for his
reasonable and documented expenses incurred in the performance of Services during the Term in accordance with the Company’s expense reimbursement policies, including business mileage (but not commuting mileage) at the Company’s usual rates
and the expenses of a mobile phone to be used for Company business. 
 (b) Office. During the Term, the Company shall provide
Consultant with an office to enable him to perform him Services, which shall be the office he has previously used as the president and chief executive officer of County Commerce Bank located at 2400 East Gonzales Road, Oxnard, California, unless the
Company closes or relocates such office. The office shall include a computer for Consultant’s use. 
 5. Term and
Termination. 
 (a) Term. The term of this Agreement (the “Term”) shall commence on the effective date of
the Merger and shall terminate on the earliest of (i) the one-year anniversary of the effective date of the Merger, (ii) a termination by either party under Section 5(b) or (iii) the death of Consultant. Upon termination for death of the Consultant,
the Company shall pay to Consultant’s estate any amounts due but unpaid through the date of death, but shall have no further obligations under this Agreement. 

(b) Termination. Either the Company or Consultant may terminate this Agreement upon a material breach by the other party. In
addition, this Agreement shall terminate automatically without further action in the event that the Merger Agreement is terminated prior to the Merger. 

  
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 6. Noncompetition and Nonsolicitation Agreement. Consultant acknowledges and
reaffirms his obligations under the Noncompetition and Nonsolicitation Agreement dated as of October 14, 2015, which shall continue in effect until such agreement is terminated in accordance with its terms, provided however, the
definitions and protective provisions therein shall be read to include the customers, potential customers, employees and trade secrets of the Bank in addition to those of County Commerce Bank. Otherwise, this Agreement does not amend, supplement,
modify or otherwise affect such Noncompetition and Nonsolicitation Agreement. 
 7. Relationship of Parties. 

(a) Nature of Contract. The parties hereto acknowledge and agree that Consultant is an independent contractor and is not an
agent, partner or employee of the Company, and has no authority to bind the Company in any manner. Consultant acknowledges and agrees that he is not entitled to participate in any employee welfare or retirement plans or programs of the Company
(including, without limitation, medical insurance, life insurance, paid leave, vacation, sick leave, pension, profit sharing, disability) and hereby waives all right to participate in such plans or programs. 

(b) Taxes. Consultant shall report as income the compensation paid pursuant to this Agreement and any and all other
consideration received by Consultant under this Agreement. The Company shall not withhold, deduct or otherwise be responsible for any federal, state or local income or employment taxes or make any contributions on behalf of Consultant relating to
the compensation received by Consultant under this Agreement. 
 8. Miscellaneous. 

(a) Survival of Provisions following Termination. Sections 6, 7 and 8 shall survive the termination of this Agreement for any
reason. 
 (b) Assignment. This Agreement is personal to Consultant and Consultant may not assign or delegate any rights
hereunder. The Company may assign this Agreement or any interest herein to (i) any entity which is a party to a merger or consolidation with the Company or (ii) any entity that acquires all or substantially all of the assets of the Company. 

(c) Governing Law. This Agreement shall be deemed to have been executed and delivered within the State of California, and the
rights and obligations of the parties hereunder shall be construed and enforced in accordance with, and governed by, the laws of the State of California without regard to principles of conflict of laws. 

(d) Attorneys’ Fees. The prevailing party in any dispute under this Agreement shall be entitled to recover its reasonable
costs and attorneys’ fees from the other party. 
 (e) Severability. If any provision of this Agreement is determined to
be illegal, invalid or otherwise unenforceable by a court of competent jurisdiction, then to the extent necessary to make such provision or this Agreement legal, valid or otherwise enforceable, such provision shall be limited, construed or severed
and deleted from this Agreement, and the remaining portion of such provision and the remaining other provisions hereof shall survive, remain in full force and effect and continue to be binding, and shall be interpreted to give effect to the
intention of the parties hereto insofar as that is possible. 
 (f) Entire Agreement. This Agreement, and the agreements
executed in connection with this Agreement, set forth the entire understanding of the parties with respect to the subject matter hereof and supersedes all prior and contemporaneous agreements, written or oral, between them concerning such subject
matter. This is an integrated agreement. 

  
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 (g) Headings. The descriptive headings of the several Sections of this Agreement
are inserted for convenience only and do not constitute a part of this Agreement. 
 (h) Amendment, Modification and Waiver.
This Agreement and its provisions may not be amended, modified or waived except in a writing signed by Consultant and the Company. 
 (i)
Notices. All notices, requests, demands and other communications under this Agreement shall be in writing, and shall be deemed to have been duly given on the date of delivery if delivered personally on the party to whom notice is to be
given, or on the second business day after mailing if mailed to the party to whom notice is to be given, by first class mail, registered or certified, postage prepaid, and properly addressed as follows: 

 

							
	To Company:	 	 	 	 Citizens Business Bank
 701 North Haven
Avenue
 Ontario, California 91754

Attn: Christopher D. Myers, President &

            Chief Executive Officer
	  	 
				
	To Consultant:	 		 	 	  	

 Either party may change its address for purposes of this Section by giving the other party written notice of
the new address in the manner set forth above. 
 (j) Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each party hereto and delivered to each party hereto. 

[Signature page follows] 

  
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 IN WITNESS WHEREOF, the
parties hereto have signed this Consulting Agreement as of the date first set forth above. 
  

			
	Citizens Business Bank
		
	By:	 	/s/ Christopher D. Myers
		 	 Christopher D. Myers
 President & Chief
Executive Officer



  

	
	Consultant
	
	/s/ Joseph D. Kreutz
	Joseph D. Kreutz



  
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