SHARE RIGHT AWARDS PURSUANT TO
SECTION 5(C) HEREOF, THE EMPLOYEE WILL BECOME ELIGIBLE TO RECEIVE FROM THE BANK
A BONUS OR BONUSES, AND TO RECEIVE FROM THE HOLDING COMPANY STOCK OPTIONS AND
RESTRICTED STOCK AWARDS, IN EACH CASE, IN SUCH AMOUNT AS, IN SUCH A MANNER AS,
AND AT SUCH TIME AS, THE BOARD OF DIRECTORS OF THE HOLDING COMPANY OR THE BANK,
AS THE CASE MAY BE, IN ITS DISCRETION, DETERMINES IS APPROPRIATE.
(F)
FOLLOWING THE COMPLETION OF THE SERVICES PROVIDED TO THE EMPLOYEE
PURSUANT TO SECTION 5(H), THE HOLDING COMPANY, THROUGH THE BANK, SHALL PROVIDE A
CAR ALLOWANCE OF $1,000 PER MONTH DURING THE EMPLOYMENT PERIOD.
(G)
THE HOLDING COMPANY, THROUGH THE BANK, AGREES TO PAY THE PRO RATA
PORTION OF THE MONTHLY DUES (BASED ON ACTUAL BUSINESS USE AS EVIDENCED BY
RECEIPTS) FOR THE WILSHIRE COUNTRY CLUB, OR SUCH OTHER FACILITY AS MAY BE
MUTUALLY AGREED UPON BY THE PARTIES HERETO.
(H)
THE HOLDING COMPANY UNDERSTANDS THAT IT IS THE EMPLOYEE'S
INTENTION AND DESIRE TO WORK OUT OF THE HOLDING COMPANY'S HEADQUARTERS OFFICE IN
IRVINE, CALIFORNIA AND TO RELOCATE HIS PERSONAL RESIDENCE CLOSER TO THE HOLDING
COMPANY'S HEADQUARTERS.
IN ORDER TO FACILITATE EMPLOYEE'S MOVE, FOR A PERIOD OF
NOT MORE THAN SIX MONTHS FROM THE DATE OF THIS AGREEMENT, THE HOLDING COMPANY,
THROUGH THE BANK, AGREES TO PROVIDE EMPLOYEE WITH A CAR SERVICE SELECTED BY THE
HOLDING COMPANY TO TRANSPORT EMPLOYEE TO AND FROM HIS RESIDENCE TO THE HOLDING
COMPANY'S HEADQUARTERS.
(I)
DURING THE EMPLOYMENT PERIOD, EMPLOYEE SHALL BE ELIGIBLE TO
PARTICIPATE IN ANY RETIREMENT, PENSION OR PROFIT-SHARING PLAN, INCLUDING ANY
NON-QUALIFIED, DEFERRED COMPENSATION OR SALARY CONTINUATION PLAN, OR SIMILAR
EMPLOYEE BENEFIT PLAN OR RETIREMENT OR BONUS PROGRAM OF THE HOLDING COMPANY AND
ITS SUBSIDIARIES, TO THE EXTENT THAT HE IS ELIGIBLE UNDER THE PROVISIONS OF THE
PLAN AND COMMENSURATE WITH HIS POSITION IN RELATIONSHIP TO OTHER PARTICIPANTS
AND PURSUANT TO THE TERMS OF THE PLANS OR PROGRAMS OF THE HOLDING COMPANY AND
ITS SUBSIDIARIES.
(J)
THE HOLDING COMPANY, THROUGH THE BANK, SHALL PROVIDE MEDICAL,
DENTAL AND OTHER INSURANCE, INCLUDING KEY MAN LIFE AND DISABILITY, FOR EMPLOYEE
ON THE SAME TERMS AS PROVIDED FOR ALL EXECUTIVE OFFICERS OF THE HOLDING COMPANY
AND ITS SUBSIDIARIES.
6.
REIMBURSEMENT OF EXPENSES.
THE SERVICES REQUIRED BY THE HOLDING
COMPANY AND ITS SUBSIDIARIES WILL REQUIRE EMPLOYEE TO INCUR BUSINESS,
ENTERTAINMENT AND COMMUNITY RELATIONS EXPENSES AND THE HOLDING COMPANY OR ITS
SUBSIDIARIES HEREBY AGREES TO PROVIDE CREDIT CARDS AND CHARGE ACCOUNTS FOR
EMPLOYEE'S USE FOR SUCH EXPENSES. THE HOLDING COMPANY OR ITS SUBSIDIARIES AGREES
TO REIMBURSE EMPLOYEE FOR ALL OUT-OF-POCKET EXPENSES WHICH ARE BUSINESS RELATED,
UPON SUBMISSION OF APPROPRIATE DOCUMENTATION AND APPROVAL BY THE CHAIRMAN AND
CHIEF EXECUTIVE
4
OFFICER OF THE HOLDING COMPANY.
SUCH EXPENSES MAY INCLUDE MEMBERSHIP FEES AND
DUES TO ORGANIZATIONS APPROVED BY THE BOARD.
EACH EXPENSE, TO BE REIMBURSED,
MUST BE OF A NATURE QUALIFYING IT AS A PROPER DEDUCTION ON THE INCOME TAX
RETURNS OF THE HOLDING COMPANY AS A BUSINESS EXPENSE AND NOT AS DEDUCTIBLE
COMPENSATION