Document:

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EXHIBIT 10.2

                           OPTION AGREEMENT FOR INCENTIVE STOCK OPTION

                This Option Agreement evidences the grant of an Incentive Stock
Option (the "Option") to Participant under the West Coast Bancorp 2002 Stock
Incentive Plan (the "Plan").

                Capitalized terms used below but not defined in the Notice of
Stock Options (the "Notice") are defined in the Plan.

1. OPTION, VESTING AND EXERCISE

                The Option is on terms set forth in the Notice and is subject to
all applicable provisions of the Plan and to the following terms and conditions:

        1.1 Incentive Stock Option. The Option is intended to qualify as an
incentive stock option meeting the requirements of Internal Revenue Code Section
422.

        1.2 Exercisability. The Option shall become vested and exercisable,
unless the Option is earlier terminated or canceled or the exercisability of the
Option is accelerated in accordance with this Agreement or the Plan, to purchase
a whole number of Option Shares up to the following limits:

                (a) Prior to the first anniversary of the Date of Grant, the
        Option may not be exercised;

                (b) During the one-year period beginning on the first
        anniversary of the Date of Grant, the Option may be exercised to
        purchase up to one-third of the total Option Shares;

                (c) During the one-year period beginning on the second
        anniversary of the Date of Grant, the Option may be exercised to
        purchase up to two-thirds of the total Option Shares; and

                (d) On and after the third anniversary of the Date of Grant, the
        Option may be exercised to purchase all the Option Shares.

        1.3 Exercise of an Option.

                1.3.1 Notice of Exercise. The Option, or any portion thereof,
may be exercised, to the extent it has become exercisable pursuant to this
Agreement, by delivery of written notice to the Company stating the number of
Shares being purchased.

                1.3.2 Payment. The Exercise Price for the Shares purchased upon
exercise of the Option must be paid in full at the time of exercise by one or a
combination of the following:

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        (a) Payment in cash or certified check or bank draft payable to the
order of the Company;

                (b) Delivery of previously acquired Shares having a Fair Market
        Value equal to the Exercise Price; or

                (c) By delivery (in a form approved by the Company) of an
        irrevocable direction to a securities broker to sell Shares acquired
        upon exercise of the Option and remit to the Company a sufficient
        portion of the sales proceeds to the Company in payment of the Exercise
        Price and any tax withholding resulting from such exercise.

                1.3.3 Previously Acquired Shares. Delivery of previously
acquired Shares in full or partial payment for the exercise of the Option is
subject to the following conditions:

                (a) The Shares tendered must be in good delivery form;

                (b) Any Shares remaining after satisfying the payment for the
        Option will be reissued in the same manner as the Shares tendered;

                (c) No fractional Shares will be issued and whenever payment of
        the full Exercise Price with Shares would require delivery of a
        fractional Share, Participant must deliver the next lower whole number
        of Shares and make a cash payment to the Company for the balance of the
        Exercise Price;

                (d) Shares must have been held for at least six months prior to
        tender to the Company; and

                (e) Shares may be tendered in full or partial payment of the
        Exercise Price only in connection with the exercise of an Option with
        respect to at least 2,000 Shares.

2. EFFECT OF TERMINATION

                Except as otherwise determined by the Company after the date of
this Agreement, the Option will expire and vesting will be affected by
Termination of Employment as described in the Plan.

3. TAXES AND WITHHOLDING

                No later than the date as of which an amount first becomes
includable in the gross income of the Participant for federal income tax
purposes, the Participant shall pay to the Company or make arrangements
satisfactory to the Company regarding payment of any federal, state or local
taxes of any kind required by law to be withheld upon the exercise of such
Option. The Company shall, to the extent permitted or required by law, have the
right to deduct from any payment of any kind otherwise due to Participant,
federal, state and local taxes of any kind

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required by law to be withheld upon the exercise of such Option, as provided in
Section 3.4 of the Plan.

4. CONFLICTS AND INTERPRETATION

                The Option is subject to the provisions of the Plan, which are
hereby incorporated by reference. In the event of any conflict between this
Agreement and the Plan, the Plan shall control. In the event of any ambiguity in
this Agreement, any term which is not defined in this Agreement, or any matters
as to which this Agreement is silent, the Plan shall govern including, without
limitation, the provisions thereof pursuant to which the Committee has the
power, among others, to (i) interpret the Plan, (ii) prescribe, amend and
rescind the rules and regulations relating to the Plan and (iii) make all other
determinations deemed necessary or advisable for the administration of the Plan.

5. SUCCESSORSHIP

                Subject to restrictions on transferability set forth in Section
3, this Agreement will be binding upon and benefit the parties, their successors
and assigns.

6. NOTICES

                Any notices under this Option must be in writing and will be
effective when actually delivered personally or, if mailed, when deposited as
registered or certified mail directed to the address set forth in the Company's
records or to such other address as a party may certify by notice to the other
party.

7. ARBITRATION

                Any dispute or claim that arises out of or that relates to this
Agreement or to the interpretation, breach, or enforcement of this Agreement,
must be resolved by mandatory arbitration before a single arbitrator in
Portland, Oregon, in accordance with the then effective arbitration rules of
Arbitration Service of Portland, Inc., and any judgment upon the award rendered
pursuant to such arbitration may be entered in any court having jurisdiction
thereof.

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EXHIBIT 10.3

                        RESTRICTED STOCK AWARD AGREEMENT
                                    UNDER THE
                               WEST COAST BANCORP
                            2002 STOCK INCENTIVE PLAN

BANCORP:       WEST COAST BANCORP
               Suite 201
               5335 Meadows Road
               Lake Oswego, Oregon  97035

PARTICIPANT:
             -------------------------------

             -------------------------------

             -------------------------------

GRANT DATE:                         , 2002
            ------------------------

        Bancorp maintains the West Coast Bancorp 2002 Stock Incentive Plan (the
"Plan"). This Agreement evidences the grant of Restricted Stock to Participant
under the Plan.

        The parties agree as follows:

1.      DEFINED TERMS

        Capitalized terms not otherwise defined in this Agreement have the
meanings given them in the Plan.

2.      GRANT OF RESTRICTED SHARES

        Subject to the terms and conditions of this Agreement and the Plan, as
of the Grant Date, Bancorp grants to Participant _____ shares of Restricted
Stock (the "Award Shares").

3.      TERMS OF AWARD SHARES

        The Award Shares are subject to all the provisions of the Plan and to
the following terms and conditions:

        3.1 Transfer Restrictions. Except as expressly provided in Section 3.2,
neither the Award Shares nor any rights under this Agreement may be sold,
assigned, transferred, pledged, or otherwise encumbered, voluntarily or
involuntarily, by Participant. The foregoing restrictions are in addition to any
other restrictions on transfer of Award Shares arising under federal or state
securities laws or other agreements with Bancorp. Any purported sale,
assignment, pledge, or other transfer, disposition, or encumbrance of

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Award Shares in violation of this Agreement will automatically be null and void
and may and should be enjoined.

        3.2 Vesting of Award Shares. Unless the vesting of the Award Shares is
otherwise accelerated in accordance with this Agreement or the Plan, the Award
Shares will become vested, and the restrictions set forth in Section 3.1 will
lapse, according to the following schedule:

<TABLE>
<CAPTION>
                  Date                          Percentage of Award Shares Vested
                  ----                          ---------------------------------
<S>                                             <C>
First anniversary of the Grant Date                            33%
Second anniversary of the Grant Date                           66%
Third anniversary of the Grant Date                            100%
</TABLE>

        When a portion of the Award Shares have become vested as provided above,
Bancorp will deliver to Participant, upon request, one or more share
certificates evidencing the vested portion of the Award Shares, free of the
legend described in Section 6(b) of the Plan.

        3.3 Employment Requirement -- Forfeiture. Except as otherwise expressly
provided in the Plan (with respect to death or Disability of a Participant, or
the Termination of Employment of a Participant during the 24-month period
following a Change in Control), upon a Termination of Employment for any reason,
all Award Shares that have not become vested pursuant to Section 3.2 as of the
date of termination will be forfeited automatically and without further action
by Bancorp or Participant and returned to Bancorp with no payment to
Participant.

        3.4 Other Documents. Participant agrees to furnish to Bancorp any other
documents or representations Bancorp may require to assure compliance with
applicable laws and regulations.

4.      FEDERAL TAX ELECTION

        Participant agrees to notify Bancorp promptly if Participant makes an
election under Internal Revenue Code Section 83(b) with respect to the Award
Shares. Participant has consulted with his or her tax advisers to the extent
necessary to determine whether such an election would be appropriate for
Participant in light of his or her personal circumstances and financial
situation.

5.      MISCELLANEOUS

        5.1 Conditions Precedent. Bancorp will use reasonable best efforts to
obtain approval of the Plan and this Award by any state or federal agency or
authority that Bancorp determines has jurisdiction. If Bancorp determines that
any required approval cannot be obtained, this Award will terminate on notice to
Participant to that effect. Without limiting the foregoing, Bancorp will not be
required to issue any certificates for all or any portion of the Award Shares
until Bancorp has taken any action required to comply with all applicable
federal and state securities laws.

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        5.2 Successorship. Subject to restrictions on transferability set forth
in the Plan and Section 3.1 above, this Agreement will be binding upon and
benefit the parties, their successors, and assigns.

        5.3 Notices. Any notices under this Agreement must be in writing and
will be effective when actually delivered personally or, if mailed, when
deposited as registered or certified mail directed to the address of Bancorp's
executive offices or to such other address as a party may certify by notice to
the other party.

        5.4 Arbitration. Any dispute or claim that arises out of or that relates
to this Agreement or to the interpretation, breach, or enforcement of this
Agreement, must be resolved by mandatory arbitration before a single arbitrator
in Portland, Oregon, in accordance with the then effective arbitration rules of
Arbitration Service of Portland, Inc., and any judgment upon the award rendered
pursuant to arbitration may be entered in the Circuit Court of the State of
Oregon for Multnomah or Clackamas County.

        5.5 Attorneys' Fees. In the event of any suit or action or arbitration
proceeding to enforce or interpret any provision of this Agreement (or that is
based on or arises out of this Agreement), the prevailing party will be entitled
to recover, in addition to other costs, reasonable attorneys' fees in connection
with the suit, action, or arbitration, and in any appeal. The determination of
who is the prevailing party and the amount of reasonable attorneys' fees to be
paid to the prevailing party will be decided by the arbitrator or arbitrators
(with respect to attorneys' fees incurred prior to and during the arbitration
proceedings) and by the court or courts, including any appellate courts, in
which the matter is tried, heard, or decided, including the court that hears any
exceptions made to an arbitration award submitted to it for confirmation as a
judgment (with respect to attorneys' fees incurred in the confirmation
proceedings).

        5.6 Governing Law. This Agreement will be governed by and construed in
accordance with the laws of Oregon.

        5.7 Venue. Any action brought to enforce any arbitration award must be
brought in the Circuit Court of the State of Oregon for either Multnomah or
Clackamas County. The parties consent to personal jurisdiction in those
locations.

                                        WEST COAST BANCORP

                                        By:
                                           -------------------------------------
                                           Robert D. Sznewajs, President and CEO

                                        ----------------------------------------
                                        Participant Name

                                        ----------------------------------------
                                        Participant's Signature

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                                BLANK STOCK POWER

                FOR VALUABLE CONSIDERATION, the receipt of which is hereby
acknowledged, ________________________ hereby assigns, transfers, and conveys to
West Coast Bancorp, an Oregon corporation, all right, title, and interest in and
to ______ shares of the common stock of West Coast Bancorp held in a bookkeeping
account at Wells Fargo Shareowner Services, as transfer agent, and hereby
irrevocably appoints Robert D. Sznewajs or Richard R. Rasmussen, each with the
full power to act alone, as attorney-in-fact to transfer the stock on the books
of West Coast Bancorp with full power of substitution in the premises.

                Dated as of _______________, 200_.

                                        ----------------------------------------
                                        Participant Name

                                        ----------------------------------------
                                        Participant Signature

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