Document:

exhibit10-1.htm

Exhibit 10.1

 

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to the June 25, 1998 Employment Agreement (as amended from time to time, the “Employment Agreement”) between East West Bancorp, Inc. (“Company”) and Dominic Ng (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

The following terms and conditions of the Employment Agreement are hereby modified:

1.           Section 3.1 (Term) of the Agreement is hereby modified in its entirety to read as follows:  This Agreement and employment under this Agreement shall terminate on April 8, 2015 unless extended by Company.

2.           Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee:  Dominic Ngexhibit10-5.htm

Exhibit 10.5

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to the September 17, 1999 Employment Agreement (as amended from time to time, the “Employment Agreement”) between East West Bancorp, Inc. (“Company”) and Douglas Krause (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

The following terms and conditions of the Employment Agreement are hereby modified:

1.           Section 3.1 (Term) of the Agreement is hereby modified in its entirety to read as follows:  This Agreement and employment under this Agreement shall terminate on April 8, 2015 unless extended by Company.

2.           Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee:  Doug Krauseexhibit10-9_1.htm

Exhibit 10.9.1

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment to the July 26, 2011 Employment Agreement (the “Employment Agreement”) between East West Bank (“Company”) and James T. Schuler (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

The following terms and conditions of the Employment Agreement are hereby modified:

1.           Section 1 of the Agreement is hereby modified by adding at the end a paragraph (c) to read as follows:  The term of this Agreement and employment under this Agreement shall terminate (without cause) on April 8, 2015 unless this Agreement is extended by Company.

2.           Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANK

By: _________________________

____________________________

Employee:  James T. Schulerexhibit10-3.htm

Exhibit 10.3

 

AGREEMENT REGARDING GRANTS OF INCENTIVE SHARES AND CLAWBACKS

This Agreement between East West Bancorp, Inc. (“Company”) and the employee referenced below (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

Employee has outstanding stock options, restricted stock and / or restricted stock units of the Company that may vest upon a change in control of the Company.   Employee agrees that no such shares shall vest by reason of a change in control of the Company unless the Employee is terminated or unless Employee’s job is materially changed.  Employee’s job shall be considered materially changed if compensation is reduced, if duties are materially reduced, or if Employee’s principal place of employment is moved more than 25 miles from Pasadena, California.

In addition, Employee agrees that for any existing restricted stock and restricted stock units that Employee currently holds where the vesting is subject to performance metrics, the shares will be subject to “claw back” in event of a restatement of the financial statement on which the shares vesting is based. Employee shall be required to repay the Company the amount of the shares value in excess of what would have been paid based on the restated numbers. The claw back shall be required without regard to the reason for the restatement.

Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANKCORP, INC.

By: _________________________

____________________________

Employee: Dominic Ngexhibit10-3_1.htm

Exhibit 10.3.1

 

AGREEMENT REGARDING GRANTS OF INCENTIVE SHARES AND CLAWBACKS

 

This Agreement between East West Bancorp, Inc. (“Company”) and the employee referenced below (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

Employee has outstanding stock options, restricted stock and / or restricted stock units of the Company that may vest upon a change in control of the Company.   Employee agrees that no such shares shall vest by reason of a change in control of the Company unless the Employee is terminated or unless Employee’s job is materially changed.  Employee’s job shall be considered materially changed if compensation is reduced, if duties are materially reduced, or if Employee’s principal place of employment is moved more than 25 miles from Pasadena, California.

In addition, Employee agrees that for any existing restricted stock and restricted stock units that Employee currently holds where the vesting is subject to performance metrics, the shares will be subject to “claw back” in event of a restatement of the financial statement on which the shares vesting is based. Employee shall be required to repay the Company the amount of the shares value in excess of what would have been paid based on the restated numbers. The claw back shall be required without regard to the reason for the restatement.

Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee: Julia Gouwexhibit10-3_2.htm

Exhibit 10.3.2

AGREEMENT REGARDING GRANTS OF INCENTIVE SHARES AND CLAWBACKS

This Agreement between East West Bancorp, Inc. (“Company”) and the employee referenced below (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

Employee has outstanding stock options, restricted stock and / or restricted stock units of the Company that may vest upon a change in control of the Company.   Employee agrees that no such shares shall vest by reason of a change in control of the Company unless the Employee is terminated or unless Employee’s job is materially changed.  Employee’s job shall be considered materially changed if compensation is reduced, if duties are materially reduced, or if Employee’s principal place of employment is moved more than 25 miles from Pasadena, California.

In addition, Employee agrees that for any existing restricted stock and restricted stock units that Employee currently holds where the vesting is subject to performance metrics, the shares will be subject to “claw back” in event of a restatement of the financial statement on which the shares vesting is based. Employee shall be required to repay the Company the amount of the shares value in excess of what would have been paid based on the restated numbers. The claw back shall be required without regard to the reason for the restatement.

Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee: Douglas Krauseexhibit10-3_3.htm

Exhibit 10.3.3

AGREEMENT REGARDING GRANTS OF INCENTIVE SHARES AND CLAWBACKS

This Agreement between East West Bancorp, Inc. (“Company”) and the employee referenced below (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

Employee has outstanding stock options, restricted stock and / or restricted stock units of the Company that may vest upon a change in control of the Company.   Employee agrees that no such shares shall vest by reason of a change in control of the Company unless the Employee is terminated or unless Employee’s job is materially changed.  Employee’s job shall be considered materially changed if compensation is reduced, if duties are materially reduced, or if Employee’s principal place of employment is moved more than 25 miles from Pasadena, California.

In addition, Employee agrees that for any existing restricted stock and restricted stock units that Employee currently holds where the vesting is subject to performance metrics, the shares will be subject to “claw back” in event of a restatement of the financial statement on which the shares vesting is based. Employee shall be required to repay the Company the amount of the shares value in excess of what would have been paid based on the restated numbers. The claw back shall be required without regard to the reason for the restatement.

Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee: Irene Ohexhibit10-3_4.htm

Exhibit 10.3.4

 

AGREEMENT REGARDING GRANTS OF INCENTIVE SHARES AND CLAWBACKS

This Agreement between East West Bancorp, Inc. (“Company”) and the employee referenced below (“Employee”) is entered into as of this 9th day of April, 2012 by and between Company and Employee.

Employee has outstanding stock options, restricted stock and / or restricted stock units of the Company that may vest upon a change in control of the Company.   Employee agrees that no such shares shall vest by reason of a change in control of the Company unless the Employee is terminated or unless Employee’s job is materially changed.  Employee’s job shall be considered materially changed if compensation is reduced, if duties are materially reduced, or if Employee’s principal place of employment is moved more than 25 miles from Pasadena, California.

In addition, Employee agrees that for any existing restricted stock and restricted stock units that Employee currently holds where the vesting is subject to performance metrics, the shares will be subject to “claw back” in event of a restatement of the financial statement on which the shares vesting is based. Employee shall be required to repay the Company the amount of the shares value in excess of what would have been paid based on the restated numbers. The claw back shall be required without regard to the reason for the restatement.

Except as expressly agreed to herein, the Employment Agreement between the parties shall remain in force and effect.

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee: James T. Schuler

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