Document:

Employment Agreement

 EXHIBIT 10.19 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement is made and entered into as of October 31, 2006
by and between First Bank of Beverly Hills, a California chartered bank (the “Bank”), and Eric Rosa (“Executive”). 
  

	1.	Engagement and Responsibilities 

 1.1 Upon the terms
and subject to the conditions set forth in this Agreement, the Bank hereby engages and employs Executive as an officer of the Bank, with the title “Executive Vice President,” as of the Employment Commencement Date. Executive hereby accepts
such engagement and employment as of the Employment Commencement Date. 
 1.2 Executive’s duties and responsibilities shall be to head
the loan department of the Bank and those duties that are normally and customarily vested in such position. Executive’s duties shall also include those duties and services for the Bank and its affiliates as the Chief Executive Officer or Board
shall in his or its discretion from time to time reasonably direct which are not inconsistent with Executive’s position as head of the loan department. 
 1.3 During the Employment Term, Executive agrees to devote all of Executive’s business time, energy and efforts to the business of the Bank and will use Executive’s best efforts and abilities faithfully and
diligently to promote the Bank’s business interests. For so long as Executive is employed by the Bank, Executive shall not, directly or indirectly, either as an employee, employer, consultant, agent, investor, principal, partner, stockholder
(except as the holder of less than 1% of the issued and outstanding stock of a publicly held corporation), corporate officer or director, or in any other individual or representative capacity, engage or participate in any business that is in
competition in any manner whatsoever with the business of the Bank Group, as such businesses are now or hereafter conducted. Subject to the foregoing prohibition and provided such services or investments do not violate any applicable law, regulation
or order, or interfere in any way with the faithful and diligent performance by Executive of the services to the Bank otherwise required or contemplated by this Agreement, the Bank expressly acknowledges that Executive may: 
 1.3.1 make and manage personal business investments of Executive’s choice without consulting the Board; and 
 1.3.2 serve in any capacity with any non-profit civic, educational or charitable organization without consulting with the Board. 

 1.4 Covenants of Executive  
 1.4.1 Best Efforts; Exclusive Duty. Executive shall use his best efforts and skills in the business and interests of the Bank, do his utmost to
enhance and develop the interests and welfare of the Bank, and devote substantially all of his professional time and attention to the Bank’s business. 
 1.4.2 Rules and Regulations. Executive shall obey all rules, regulations and special instructions of the Bank and all other rules, regulations, guides, handbooks, procedures, policies and special instructions
applicable to the Bank’s business in connection with his duties hereunder and shall endeavor to improve his ability and knowledge of the Bank’s business in an effort to increase the value of his services for the mutual benefit of the Bank
and Executive. 
 1.4.3 Compliance. Executive shall use his best efforts and skills to cause the Bank to comply with all of its
contractual obligations and commitments and applicable laws, rules and regulations. 
  

	2.	Definitions 

 2.1 “Bank Group” as
of any date shall mean the Bank and each corporation or other entity controlled by, controlling or under common control with the Bank as of such date. As of the date of this Agreement, the Bank Group includes the Bank, Beverly Hills Bancorp Inc. and
all subsidiaries of Beverly Hills Bancorp Inc. 
 2.2 “Board” shall mean the Board of Directors of the Bank; to the extent
that functions of the Board under or in connection with this Agreement have been delegated to a compensation or other Board committee, references in this Agreement to the Board shall refer to such compensation or other committee. 
 2.3 “Change of Control Plan” shall mean the Change of Control Plan entered in on or about the same date as this Agreement between the
Bank and Executive. 
 2.4 “Employment Commencement Date” shall mean the date Executive commences employment with the Bank.

 2.5 “Employment Term” shall mean the period commencing the Employment Commencement Date and ending upon the date of
termination of Executive’s employment with the Bank. 
 2.6 “For Cause” shall mean, in the context of a basis for
termination of Executive’s employment with the Bank, that: 
 2.6.1 Executive breaches any obligation, duty or agreement under this
Agreement, which breach is not cured or corrected within 15 days of written notice thereof from the Bank (except for breaches of Sections 1.3, 6 and 7 of this Agreement, which cannot be cured and for which the Bank need not give any
opportunity to cure); or 
 2.6.2 Executive commits any act of personal dishonesty, fraud, breach of fiduciary duty or trust; or 

2.6.3 Executive is convicted of, or pleads guilty or nolo contendere with respect to, theft, fraud, a crime involving moral turpitude, or a felony
under federal or applicable state law; or 
  

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 2.6.4 Executive commits any act of personal conduct that, in the reasonable opinion of the Board, gives
rise to a material risk of liability under federal or applicable state law for discrimination or sexual or other forms of harassment or other similar liabilities to subordinate employees; or 
 2.6.5 Executive commits continued and repeated substantive violations of specific written directions of the Board of Chief Executive Officer, which
directions are consistent with this Agreement and Executive’s positions with the Bank or continued and repeated substantive failure to perform duties assigned by or pursuant to this Agreement; provided that no discharge shall be deemed for
Cause under this subsection 2.6.5 unless Executive first receives written notice from the Bank advising him of the specific acts or omissions alleged to constitute violations of written directions or a material failure to perform his duties,
and such violations or material failure continue after he shall have had a reasonable opportunity to correct the acts or omissions so complained of; or 
 2.6.6 Executive commits any act, or fails to commit any act, that, in the reasonable opinion of the Board, gives rise to a material risk of material liability under federal or state banking or lending laws (the type
of liability that could result in a cease and desist order, civil monetary penalty, consent decree, memorandum of agreement or similar regulatory action) or could adversely affect the Bank’s CAMEL rating or could otherwise materially and
adversely impact the Bank’s relationship with its regulators; provided that the Board may not terminate Executive for Cause under this Section 2.6.6 unless the Board: (a) gives Executive notice of its intent to terminate
Executive under this Section and provides Executive an opportunity to appear before the Board to explain his conduct, and (b) if such action (or failure to act) is capable of being cured or corrected by Executive (and was not a fraudulent act
by Executive) in a manner that could mitigate material risk of liability, the Board gives Executive the opportunity to cure or correct such action or failure to act for 60 days, and Executive promptly commences to cure and correct such conduct; or

 2.6.7 Executive willfully commits or willfully causes any member of the Bank Group to commit any material violation of law, rule or
regulation affecting the Bank Group or regulatory order or consent to which any member of the Bank Group is subject; or 
 2.6.8 Any of
Executive’s representations or warranties under this Agreement is incorrect in any material respect. 
 2.7 “Good
Reason” shall mean the occurrence of one or more of the following: 
 2.7.1 without the consent of Executive, the Board assigns any
duties to Executive substantially inconsistent with, or reflecting an adverse change in, Executive’s position, duties, responsibilities or status as the executive vice president of the Bank, provided that Executive must advise the Board
within five days of assignment of such duties that he believes such duties would give him the right to terminate his employment for Good Reason and the Board does not withdraw such assignment; or 
  

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 2.7.2 without the consent of Executive, the Bank relocates Executive’s principal place of employment
to a location that is not in either Los Angeles County or Ventura County, California. 
 2.8 “Person” shall mean an
individual or a partnership, corporation, trust, association, limited liability company, governmental authority or other entity. 
 2.9
“2007 Loan Origination Goal” shall mean that the Bank shall have closed in 2007 Funded Loans with an aggregate principal amount in excess of $400,000,000. For this purpose: 
 2.9.1 Funded Loans shall mean loans closed in 2007 except as otherwise set forth in this Section 2.9; 
 2.9.2 a loan closed in 2006 but funded in 2007 shall not be a Funded Loan; 
 2.9.3 a construction loan or revolving line of credit closed in 2007 shall be a Funded Loan to the maximum stated commitment of the Bank, notwithstanding how much, if any, of the commitment is funded in 2007;

 2.9.4 a loan made to any Person, or affiliate of such Person, shall not be a Funded Loan if such Person or affiliate of such Person has as
of the date of this Agreement, or had at any time within the three years prior to the date of this Agreement, a loan from any member of the Bank Group; 
 2.9.5 an originated loan shall be deemed closed when the Bank and the borrower have become legally bound unto one another pursuant to a written loan agreement and the loan has been funded (or the initial funding on
the loan has occurred); a purchased loan or loan participation shall be deemed closed when the Bank and the seller have become legally bound unto one another pursuant to a written purchase and sale agreement and the purchase and sale have
“closed” under the agreement (or in absence of a closing the Bank has paid the purchase price for the loan); 
 2.9.6 any loan that
is not in accordance with the policies and procedures of the Bank shall not be a Funded Loan unless the deviations or variances have been brought to the attention of the Board (or appropriate committee with loan approval authority for such loan) and
the Board or committee approves the loan; 
 2.9.7 a loan originated by the Bank in which the Bank concurrently or thereafter sells a
participation interest or interests shall be a Funded Loan for the full amount of the Loan up to the Bank’s legal lending limit at the time of origination (e.g., if the Bank’s legal lending limit for that type of loan is $20
million, the loan is for $25 million and the Bank sell a $10 million participation interest in the loan, $20 million shall be a Funded Loan); and 
 2.9.8 a loan or loan participation purchased by the Bank in 2007 (and with respect to which the closing of the purchase occurs in 2007) shall be a Funded Loan unless the Bank had purchased a loan or loan participation at any time between
December 31, 2003 and the date of this Agreement from the seller or any affiliate of the seller. 
  

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 Executive acknowledges that approval of any loan is within the sole and absolute discretion of the Board
(or persons/committees to whom such authority is delegated by the Board). 
  

	3.	Compensation and Benefits 

 3.1 Base Salary.
The Bank shall pay to Executive a base salary of $250,000 per year during the Employment Term. The Bank shall pay base salary to Executive in installments in the same manner and at the same times the Bank pays base salaries to other executive
officers of the Bank, but in no event less frequently than equal monthly installments. 
 3.2 Bonus. 
 3.2.1 The Bank shall pay to Executive a “signing bonus” of $150,000 within 10 days of the Employment Commencement Date. However, Executive
understands that it is the intention of the Bank that Executive continue employment with the Bank for at least six months to earn the signing bonus. Accordingly, if Executive agrees that if he terminates his employment for any reason other than Good
Reason, or if the Bank terminates his employment For Cause, in either case prior to six months from the Employment Commencement Date, he shall concurrently with such termination if he terminates his employment, or 10 days from termination if the
Bank terminates his employment, repay the full (and not prorated) signing bonus. If he fails to repay the signing bonus when due, the obligation to repay shall accrue interest at the rate of 10% per annum until repaid. 
 3.2.2 The Board may, in its sole discretion, award performance bonuses to Executive from time to time. 
 3.3 Expense Reimbursement. Executive shall be entitled to reimbursement from the Bank for the reasonable costs and expenses that Executive incurs
in connection with the performance of Executive’s duties and obligations under this Agreement in a manner consistent with the Bank’s practices and policies therefor. 
 3.4 Employee Benefit Plans. During the Employment Term, Executive shall be entitled to participate in any pension, savings and group term life,
medical, dental, disability and other group benefit plans which the Bank makes available to its executive officers generally. 
 3.5
Automobile Allowance. During the Employment Term, Executive shall be entitled to an automobile allowance of $1,000 per month, payable in a manner consistent with the Bank’s practices and policies therefor. 
 3.6 Vacation. During the Employment Term, Executive shall be entitled to paid vacation that accrues at the rate of one and two-thirds (1 2/3) days
per calendar month, provided that no vacation shall accrue at any time when Executive has 15 days of accrued and unused vacation. Vacation shall be subject to the general policies of the Bank regarding vacation. 
  

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 3.7 Disability. In the event of any disability or illness of Executive, if Executive shall receive
payments as a result of such disability or illness under any disability plan maintained by the Bank, the Bank shall be entitled to deduct the amount of such payments received from base salary payable to Executive during the period of such illness
and/or disability. 
 3.8 Withholding. The Bank may deduct from any compensation payable to Executive (including payments made
pursuant to Sections 3 and 5 of this Agreement in connection with or following termination of employment) amounts sufficient to cover Executive’s share of applicable federal, state and/or local income tax withholding, old-age and
survivors’ and other social security payments, state disability and other insurance premiums and payments. 
  

	4.	Termination of Employment 

 Executive’s
employment shall terminate on the earliest to occur of the following: 
 4.1 December 31, 2008; 
 4.2 upon the death of Executive; 
 4.3 upon
the delivery to Executive of written notice of termination by the Bank if Executive shall suffer a physical or mental disability which renders Executive, in the reasonable judgment of the Board, unable to perform his duties and obligations under
this Agreement for either 60 consecutive days or 90 days in any 12-month period; 
 4.4 upon written notice from Executive to the Bank for
Good Reason provided that such notice is received within 90 days of the event or circumstance constituting Good Reason; 
 4.5 upon delivery
to Executive of written notice of termination by the Bank For Cause; or 
 4.6 upon delivery (or such later date specified in the notice) to
Executive of written notice of termination by the Bank without cause. 
 4.7 Upon delivery (or such later date specified in the notice) on or
prior to January 31, 2008 to Executive of written notice of termination by the Bank at any time after December 31, 2007 if the 2007 Loan Origination Goal is not met. 
  

	5.	Effect of Termination upon Compensation and Benefits 

 5.1 Upon termination of Executive’s employment for any reason: 
 5.1.1 Executive shall be entitled to base salary accrued
through the date of termination of employment; 
  

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 5.1.2 Executive shall be entitled to reimbursement of expenses incurred prior to termination of
employment that are payable in accordance with Section 3.4 of this Agreement; and 
 5.1.3 Executive shall be entitled to any benefits
accrued or earned in accordance with the terms of any applicable benefit plans and programs of the Bank. 
 5.2 If Executive’s
employment is terminated by the Bank pursuant to Section 4.6 (without cause) by the Executive pursuant to Section 4.4 (for Good Reason), and provided that Executive executes and delivers to the Bank, and does not revoke, a written release
(the “Release”) of any and all claims against the Bank Group with respect to all matters arising out of Executive’s employment by the Bank, or the termination thereof (other than claims for any entitlements under the terms of
this Agreement, claims under any plans or programs of the Bank under which Executive has accrued a benefit, and rights to indemnification under applicable law or agreement), the Bank agrees to pay to Executive base salary when and in the manner as
if Executive’s employment had not terminated through December 31, 2008. The Bank shall be entitled to defer payment of any amounts under this Section 5.2 until the expiration of any period during which Executive shall have the right
to revoke the Release. Notwithstanding the foregoing, if Executive would be entitled to a Severance Payment under the Change of Control Plan as a result of the termination of his employment (assuming Executive (or his beneficiary or personal
representative, if applicable) executes and delivers the release referred to in the Change of Control Plan and assuming satisfaction of all conditions under Section 2.7 of the Change of Control Plan), Executive shall not be entitled to any
payment under Section 5.2 of this Agreement. 
 5.3 Executive acknowledges that the Bank has the right to terminate Executive’s
employment without cause and that such termination shall not be a breach of this Agreement or any other express or implied agreement between the Bank and Executive. Accordingly, in the event of such termination, Executive shall be entitled only to
those benefits specifically provided for in this Agreement in the event of such termination, and shall not have any other rights to any compensation or damages from the Bank for breach of contract or tort arising from such termination. 

5.4 Executive acknowledges that in the event of termination of his employment for any reason: (a) Executive shall not be entitled to any
severance or other compensation from the Bank except as specifically provided in Section 5.2; and (b) Executive shall not be entitled to participate in any employee benefits plans except as provided in such plans or as required by law.
Without limitation on the generality of the foregoing, this Section supersedes any plan or policy of the Bank that provides for severance to its officers or employees, and Executive shall not be entitled to any benefits under any such plan or
policy. 
 5.5 Executive shall have no obligation to offset any payments he receives from the Bank following the termination of his
employment by any payments he receives from his subsequent employer. 
 5.6 Notwithstanding the timing of payments set forth in this
Agreement, if the Bank determines that Executive is a “specified employee” within the meaning of Section 

  

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409A of the Internal Revenue Code of 1986, as amended, and that, as a result of such status, any portion of the payment under this Agreement would be subject
to additional taxation, the Bank will delay paying any portion of such payment until the earliest permissible date on which payments may commence without triggering such additional taxation (with such delay not to exceed six months), with the first
such payment to include the amounts that would have been paid earlier but for the above delay. 
  

	6.	Non-Solicitation Covenants. Executive agrees that during the Employment Term and thereafter until the later to occur of one year from termination of Executive’s
employment and the date Executive is not entitled to severance payments under Section 5.2 of this Agreement, Executive will not directly or indirectly, either alone or by action in concert with others: 

 6.1 induce or attempt to influence any employee of any member of the Bank Group to engage in any activity in which Executive is prohibited from engaging
by Section 1.3 of this Agreement during the Employment Term or to terminate his or her employment with any member of the Bank Group; or 
 6.2 employ or offer employment to any person who was employed by any member of the Bank Group at the time of termination of Executive’s employment with the Bank; or 
 6.3 contact or solicit any of the Bank Group’s borrowers, depositors or other customers, other than those customers with whom the Executive had a
business relationship prior to the Employment Commencement Date, for the purpose of such borrower, depositor or customer obtaining a loan, from, or making a deposit or investment with, any Person other than a member of the Bank Group. 
  

	7.	Confidentiality. Executive agrees not to disclose or use at any time (whether during or after the Employment Term) for Executive’s own benefit or purposes or the benefit
or purposes of any other Person any non-public information regarding the Bank Group and its business, operations, assets, financial condition and properties, including without limitation, trade secrets, business plans, policies, pricing information
and customer data provided that the foregoing covenant shall not restrict Executive from disclosing information to the extent required by law. Executive agrees that upon termination of his employment with the Bank for any reason, he will return to
the Bank immediately all memoranda, books, papers, plans, information, letters and other data, and all copies thereof or therefrom, in any way relating to the business of the Bank Group except that he may retain personal notes, notebooks, diaries,
Rolodexes and addresses and phone numbers. Executive further agrees that he will not retain or use for his account at any time any trade names, trademark or other proprietary business designation used or owned in connection with the business of any
member of the Bank Group. 

  

	8.	Non-Compliance. Subject to the following sentence, but notwithstanding any other provision of this Agreement to the contrary, if Executive is employed by the Bank, any breach
of the provisions of Sections 1.3, 6 and 7 hereof shall entitle the Bank to terminate the employment of Executive for Cause, and, whether or not Executive is employed by the Bank, from and after any breach by Executive of the provisions of
Sections 6 and 7, the Bank shall cease to have any obligations to make payments to Executive under this Agreement, including payments under Section 5.2, or the Change of Control Plan. 

  

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	9.	Specific Performance. Executive acknowledges and agrees that the Bank’s remedies at law for a breach or threatened breach of any of the provisions of Sections 1.3,
6 and 7 hereof would be inadequate and, in recognition of this fact, Executive agrees that, in the event of such a breach or threatened breach, in addition to any remedies at law, the Bank, without posting any bond, shall be entitled to obtain
equitable relief in the form of specific performance, temporary restraining order, temporary or permanent injunction or any other equitable remedy which may then be available. 

  

	10.	Arbitration  

 10.1 IN CONSIDERATION FOR AND AS A
MATERIAL CONDITION OF EMPLOYMENT WITH THE COMPANY, EXECUTIVE AGREES THAT FINAL AND BINDING ARBITRATION UNDER THE THEN APPLICABLE RULES AND PROCEDURES OF JAMS/ENDISPUTE SHALL BE THE EXCLUSIVE MEANS FOR RESOLVING ANY DISPUTE WHICH ARISES UNDER OR
RELATING TO THIS AGREEMENT (EXCEPT THOSE LISTED IN SECTION 10.4 BELOW). NO OTHER ACTION MAY BE BROUGHT IN COURT OR IN ANY OTHER FORUM. THIS AGREEMENT IS A WAIVER OF ALL RIGHTS TO A CIVIL COURT ACTION FOR A COVERED CLAIM. ONLY AN ARBITRATOR, NOT A
JUDGE OR JURY, WILL DECIDE THE CLAIM. 
 10.2 Executive or the Bank shall begin the arbitration process by delivering a written request for
arbitration to the other party within the time limits that would apply to the filing of a civil court action. Failure to deliver a timely written request for arbitration shall preclude the aggrieved party from instituting any legal, arbitration or
other proceeding and shall constitute a complete waiver of all such claims. Statutory claims can be raised within the limitations period provided by the applicable statute. 
 10.3 Claims covered by this provision include, but are not limited to, the following: (i) alleged violations of federal, state and/or local
constitutions, statutes, regulations or ordinances, including, but not limited to, laws dealing with unlawful discrimination and harassment; (ii) claims based on any purported breach of contractual obligation, including but not limited to
breach of the covenant of good faith and fair dealing, wrongful termination or constructive discharge; (iii) violations of public policy; (iv) claims relating to a transfer, reassignment, denial of promotion, demotion, reduction in pay, or
any other term or condition of employment; (v) claims based on contract or tort; and (vi) any and all other claims arising out of Executive’s employment with or termination by the Bank. This includes, but is not limited to, claims
brought under Title VII of the Civil Rights act of 1964; California Government Code Section 12960, et seq.; and any other federal, state or local anti-discrimination laws relating to discrimination, including, but not limited to, those based on
the following protected categories: genetic information or characteristics; sex and gender; race; religion; national origin; mental or physical disability (including claims under the American With Disabilities Act); medical condition; veteran or
military status; marital status; sexual orientation or preference; age; pregnancy; and retaliation or wrongful termination in violation of public policy for alleging or filing or participating in any grievance or otherwise complaining of any wrong
relating to the aforementioned categories or any public policy. 
  

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 10.4 The following claims are expressly excluded and not covered by this Agreement for final and binding
arbitration: (i) claims related to Workers’ Compensation and Unemployment Insurance; (ii) administrative filings with governmental agencies such as the California Department of Fair Employment & Housing, the Equal Employment
Opportunity Commission, the U.S. Department of Labor or the National Labor Relations Board; (iii) claims that are expressly excluded by statute or are expressly required to be arbitrated under a different procedure pursuant to the terms of an
employee benefit plan; and (iv) claims within the jurisdictional limits of small claims court. This Agreement does not preclude either party from seeking appropriate interim injunctive relief pursuant to the California Code of Civil Procedure
or applicable federal law before arbitration or while arbitration proceedings are pending. 
 10.5 Any claim arising between Executive and
the Bank covered by the arbitration provisions of this Agreement shall be submitted to final and binding arbitration under the rules and procedures of JAMS/Endispute, or any successor entity thereto, in effect upon the date the claim is submitted in
writing to the Bank, to which rules and procedures the parties hereby expressly agree. The rules allow for discovery by each party as ordered by the arbitrator. The arbitrator must allow discovery adequate to arbitrate all claims, including access
to essential documents and witnesses. In making his or her award, the arbitrator shall have the authority to make any finding and provide any remedy. 
 10.6 The arbitrator must issue a written award. The arbitrator shall, in the award or separately, make specific findings of fact, and set forth such facts in support of his or her decision, as well as the reasons and
basis for his or her opinion. Should the arbitrator exceed the jurisdiction or authority here conferred, any party aggrieved thereby may file a petition to vacate, amend or correct the arbitrator’s award in a court of competent jurisdiction,
pursuant to applicable law. 
 10.7 The party initiating the mediation shall pay the arbitrator’s fees and the administrative costs of
the arbitration unless such party prevails in the arbitration, in which event each party shall pay one-half of the arbitrator’s fees. Each party shall pay for its own attorney’s fees and will not request any fees or costs from the other
party. 
  

	11.	Representations and Covenants of Executive. As an inducement to Bank to enter into this Agreement, Executive represents and warrants to the Bank that:

 11.1 Executive is under no contractual or other restriction or obligation that is inconsistent with the execution of this
Agreement, and as of the Employment Commencement Date Executive shall be under no contractual or other restriction or obligation that is inconsistent with the performance of his duties hereunder or the other rights of the Bank hereunder (and
Executive acknowledges that if he has such contractual obligations or restriction the Bank expects Executive to honor such obligations or restrictions in lieu of entering into this Agreement or accepting employment with the Bank); 
 11.2 Executive is not a party to any litigation, nor is aware of any threatened action, proceeding or litigation that: (a) could in any way involve
the Bank; or (b) will result in Executive’s inability to perform his obligations hereunder, including any action which could be reasonably foreseen to require a significant amount of Executive’s time; 
  

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 11.3 Executive has fully disclosed in writing any debarment, suspension or material sanctions imposed
within the last ten years by any federal or state governmental agency or instrumentality or government-sponsored enterprise on either Executive or any company for which Executive was a senior officer with respect to operations under Executive’s
supervision. 
 11.4 This Agreement is the result of full and otherwise good faith bargaining over its terms and the Executive has been
provided a full and otherwise fair opportunity to have legal counsel for Executive review and provide counsel on the terms and provisions of this Agreement. 
 11.5 The Bank has advised Executive that it desires to employ him because of his skill and experience, and not because of any information that he may have relating to his present employer (and Executive agrees not to
disclose to the Bank Group any protected trade secrets or protected confidential or proprietary information or materials belonging to Executive’s present employer or any other Person). 
 11.6 Executive acknowledges that the Bank has not asked him to solicit any other employees of his current employer about coming to work with the Bank and
has requested that Executive not do so while he remains employed by his current employer. 
  

	12.	Employment Following Employment Term. If Executive’s employment continues after December 31, 2008: (a) such employment shall continue to be “at
will,” and may be terminated either by the Executive upon 30 days’ written notice to the Bank or by the Bank at any time for any reason; and (b) except as otherwise provided in writing, all of the provisions of this Agreement shall be
applicable to such continued employment, except: (i) Executive’s compensation shall only be the base salary, at the rate in effect at December 31, 2008; and (ii) the provisions of Section 4 shall be superseded to the extent
discussed in this paragraph; and (iii) Section 5.2 shall not be applicable to any termination of Executive’s employment after December 31, 2008. 

  

	13.	Miscellaneous 

 13.1 Notices. All notices,
requests, demands and other communications (collectively, “Notices”) given pursuant to this Agreement shall be in writing, and shall be delivered by personal service, courier, facsimile transmission or by United States first class,
registered or certified mail, addressed as follows: (a) if to the Bank, to the Bank’s executive offices, to the attention of the chief Executive Officer; and (b) if to Executive, to Executive’s address as set forth on the books
and records of the Bank. Any Notice, other than a Notice sent by registered or certified mail, shall be effective when received; a Notice sent by registered or certified mail, postage prepaid return receipt requested, shall be effective on the
earlier of when received or the third day following deposit in the United States mails (or on the seventh day if sent to or from an address outside the United States). Any party may from time to time change its address for further Notices hereunder
by giving notice to the other party in the manner prescribed in this Section. 
  

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 13.2 Entire Agreement. This Agreement and the Change of Control Plan contain the sole and entire
agreement and understanding of the parties with respect to the entire subject matter of this Agreement, and any and all prior discussions, negotiations, commitments and understandings, whether oral or otherwise, between the Bank and Executive,
related to the subject matter of this Agreement are hereby merged herein. No representations, oral or otherwise, express or implied, other than those contained in this Agreement have been relied upon by any party to this Agreement. 
 13.3 Severability. In the event that any provision or portion of this Agreement shall be determined to be invalid or unenforceable for any reason,
in whole or in part, the remaining provisions of this Agreement shall be unaffected thereby and shall remain in full force and effect to the fullest extent permitted by law. 
 13.4 Governing Law. This Agreement has been made and entered into in the State of California and shall be construed in accordance with the laws of
the State of California. 
 13.5 Captions. The various captions of this Agreement are for reference only and shall not be considered
or referred to in resolving questions of interpretation of this Agreement. 
 13.6 Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument. 
 13.7 Business Day. If the last day permissible for delivery of any Notice under any provision of this Agreement, or for the performance of any obligation under this Agreement, shall be other than a business day, such last day for
such notice or performance shall be extended to the next following business day (provided, however, that under no circumstances shall this provision be construed to extend the date of termination of this Agreement). 
 13.8 Attorneys’ Fees. If any action or proceeding is brought to enforce or interpret any provision of this Agreement, the prevailing party
shall be entitled to recover as an element of its costs, and not its damages, its reasonable attorneys’ fees, costs and expenses. The prevailing party is the party who is entitled to recover its costs in the action or proceeding. A party not
entitled to recover its costs may not recover attorneys’ fees. No sum for attorneys’ fees shall be counted in calculating the amount of a judgment for purposes of determining whether a party is entitled to recover its costs or
attorneys’ fees. 
 13.9 Advice from Independent Counsel. The parties hereto understand that this Agreement is legally binding
and may affect such party’s rights. Each party represents to the other that it has received legal advice from counsel of its choice regarding the meaning and legal significance of this Agreement to which it is a party and that it is satisfied
with its legal counsel and the advice received from it. 
  

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 13.10 Judicial Interpretation. Should any provision of this Agreement require judicial
interpretation, it is agreed that a court interpreting or construing the same shall not apply a presumption that the terms hereof shall be more strictly construed against any Person by reason of the rule of construction that a document is to be
construed more strictly against the Person who itself or through its agent prepared the same, it being agreed that all parties have participated in the preparation of this Agreement. 
 13.11 Waiver of Jury Trial. IF NOTWITHSTANDING THE AGREEMENT THAT ALL DISPUTES BE SUBMITTED TO BINDING ARBITRATION, A DISPUTE IS SUBMITTED TO A
COURT, EACH PARTY HERETO WAIVES THE RIGHT TO A TRIAL BY JURY IN ANY DISPUTE IN CONNECTION WITH OR RELATING TO THIS AGREEMENT, ANY RELATED AGREEMENT OR ANY MATTERS DESCRIBED OR CONTEMPLATED HEREIN OR THEREIN, AND AGREE TO TAKE ANY AND ALL ACTION
NECESSARY OR APPROPRIATE TO EFFECT SUCH WAIVER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS WRITTEN CONSENT TO A TRIAL BY THE COURT. 
 13.12 No Assignment. Executive may not assign any of his rights or obligations under this Agreement except that Executive’s benefits may be assigned by will or by the laws of descent and distribution. 
 13.13 Limitation on Payments. The Bank shall have no obligation make any payments under this Agreement that it believes would violate applicable
law or regulation. If any payment would require any filing with, notice to or approval of any governmental or regulatory agency, the Bank will make such filing, provide such notice and/or seek such approval, as applicable. 
 13.14 Construction. No term or provision of this Agreement shall be construed so as to require the commission of any act contrary to law, and
wherever there is any conflict between any provision of this Agreement and any present or future statute, law, ordinance, or regulation, the latter shall prevail, but in such event the affected provision of this Agreement Plan shall be curtailed and
limited only to the extent necessary to bring such provision within the requirements of the law. 
 14. Employment Commencement Date.
This Agreement has been entered into prior to the date Executive can commence employment with the Bank. Executive will advise the Bank as soon as possible of the date he can commence employment. If Executive does not commence employment by
December 1, 2006, the Bank may terminate this Agreement by oral or written notice to Executive, with the effect neither party shall have any rights, obligations or liabilities under this Agreement. 
 IN WITNESS WHEREOF, this Agreement has been made and entered into as of the date and year first above written. 
  

 - 13 - 

			
	 FIRST BANK OF BEVERLY HILLS

		
	 By
	 	  

	 Title
	 	  

	
	 EXECUTIVE

	  

	 Eric Rosa

  

 - 14 -Change In Control Agreement

 EXHIBIT 10.20 
 FIRST BANK OF BEVERLY HILLS 
 23901 Calabasas Road 
 Suite 1050 
 Calabasas, CA 91302 
 October 31, 2006 
 (Revised &
Board Approved 8-31-06) 
 To: ERIC ROSA 
 Subject: First Bank of
Beverly Hills, Change in Control Plan 
 First Bank of Beverly Hills, has adopted the First Bank of Beverly Hills, Change in Control Plan (the
“Plan”). The provisions of the Plan, as they apply to you, are as follows: 
 Article I 
 DEFINITIONS 
  

	1.1	Definitions 

 Whenever used in this Plan, the
following capitalized terms shall have the meanings set forth in this Section 1.1, certain other capitalized terms being defined elsewhere in this Plan: 
 (a) “Bank” means First Bank of Beverly Hills, and any successor or assignee as provided in Article IV. 
 (b) “Board” means the Board of Directors of the Bank. 
 (c) “Cause” means
any of the following acts or circumstances: (i) willful destruction by you of property of the Bank or a Subsidiary having a material value to the Bank or such Subsidiary; (ii) fraud, embezzlement, theft, or comparable dishonest activity
committed by you (excluding acts involving a de minimis dollar value and not related to the Bank or a Subsidiary); (iii) your conviction of or entering a plea of guilty or nolo contendere to any crime constituting a felony or any misdemeanor
involving fraud, dishonesty or moral turpitude (excluding acts involving a de minimis dollar value and not related to the Bank or a Subsidiary); (iv) your breach or neglect of, or refusal or failure to materially discharge, your duties (other
than due to physical or mental illness) commensurate with your title and function or your failure to comply with the lawful directions of the Board or the Chief Executive Officer of the Bank, or of the Board of Directors or the Chief Executive
Officer of the Subsidiary that employs you, in any such case that is not cured within fifteen (15) days after you have received written notice thereof from such Board of Directors or Chief Executive Officer; or (v) a willful and knowing
material misrepresentation to the Board or the Chief Executive Officer of the Bank or to the Board of Directors or the Chief Executive Officer of the Subsidiary that employs you. 

 (d) “Change in Control” shall mean the occurrence of any of the following: 

(i) Any “Person” or “Group” (as such terms are defined in Section 13(d) of the Securities Exchange Act of 1934
(the “Exchange Act”) and the rules and regulations promulgated thereunder) is or becomes the “Beneficial Owner” (within the meaning of Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of BHBC, or of any
entity resulting from a merger or consolidation involving BHBC, representing more than fifty percent (50%) of the combined voting power of the then outstanding voting securities of BHBC or such entity. 
 (ii) The individuals who, as of the date hereof, are members of the Board of Directors of BHBC (the “Existing Directors”),
cease, for any reason, to constitute more than fifty percent (50%) of the number of authorized directors of BHBC as determined in the manner prescribed in the Certificate of Incorporation and Bylaws; provided, however, that if the election, or
nomination for election, by BHBC stockholders of any new director was approved by a vote of at least fifty percent (50%) of the Existing Directors, such new director shall be considered an Existing Director; provided further, however, that no
individual shall be considered an Existing Director if such individual initially assumed office as a result of either an actual or threatened “Election Contest” (as described in Rule 14a-11 promulgated under the Exchange Act) or other
actual or threatened solicitation of proxies by or on behalf of anyone other than the Board of Directors of BHBC (a “Proxy Contest”), including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest.

 (iii) The consummation of (x) a merger, consolidation or reorganization to which BHBC is a party, whether or not BHBC
is the Person surviving or resulting therefrom, or (y) a sale, assignment, lease, conveyance or other disposition of all or substantially all of the assets of BHBC, in one transaction or a series of related transactions, to any Person other
than BHBC, where any such transaction or series of related transactions referred to in clause (x) or clause (y) above in this subparagraph (iii) (a “Transaction”) does not otherwise result in a “Change in Control”
pursuant to subparagraph (i) of this definition of “Change in Control”; provided, however, that no such Transaction shall constitute a “Change in Control” under this subparagraph (iii) if the Persons who were the
stockholders of BHBC immediately before the consummation of such Transaction are the Beneficial Owners, immediately following the consummation of such Transaction, of fifty percent (50%) or more of the combined voting power of the then
outstanding voting securities of the Person surviving or resulting from any merger, consolidation or reorganization referred to in clause (x) above in this subparagraph (iii) or the Person to whom the assets of BHBC are sold, assigned,
leased, conveyed or disposed of in any transaction or series of related transactions referred in clause (y) above in this subparagraph (iii), in substantially the same proportions in which such Beneficial Owners held voting stock in BHBC
immediately before such Transaction or series of related transactions. 
 (iv) Any “Person” or “Group,”
other than BHBC or any of its subsidiaries, is or becomes the “Beneficial Owner,” directly or indirectly, of securities representing more than fifty percent (50%) of the combined voting power of the then 

  

 - 2 - 

 
outstanding voting securities of the the Bank Business Entity. “FBBH Business Entity” shall mean, at any time, the principal corporation or other
entity that is then engaged in the banking and related business activities in which the Bank is currently engaged, which entity may be (i) the Bank, (ii) any entity resulting from a merger, consolidation, reorganization or other similar
transaction involving the Bank or a successor entity thereto, or (iii) any entity that has succeeded to the business of the Bank through the sale, transfer, contribution or other disposition of all or substantially all of the assets of the Bank
or a successor entity thereto. 
 (e) “BHBC” means Beverly Hills Bancorp, Inc., a Delaware corporation. 
 (f) “Compensation” means and includes all of your base annual salary attributable to your employment with the Bank and/or any of its
Subsidiaries (including, but not limited to, any amounts excludable from your gross income for federal income tax purposes pursuant to Section 125 or Section 401(k) of the Internal Revenue Code of 1986, as amended), in effect immediately
before the Change in Control. “Compensation” shall not include your bonuses, annual incentive awards, non-cash compensation or reimbursements, if any (e.g., the grant or vesting of restricted stock, the grant, vesting, or exercise of stock
options, automobile allowance and gasoline reimbursement). 
 (g) “Disability” means a physical or mental infirmity which
substantially impairs your ability to perform your material duties for a period of at least one hundred eighty (180) consecutive calendar days, and, as a result of such Disability, you have not returned to your full-time regular employment
prior to termination. 
 (h) “Eligible Employee” means any employee of the Bank or any of its Subsidiaries who is designated
by the Board or any committee thereof to participate in this Plan. 
 (i) “ERISA” means the Employee Retirement Income
Security Act of 1974, as amended. 
 (j) “Good Reason” means the occurrence, on or after the occurrence of a Change in
Control, of any of the following: 
 (i) The Bank or any of its Subsidiaries reduces your base salary. 
 (ii) The Bank amends the method for computing bonuses in a way which is not generally applicable to executives of the Bank and its
Subsidiaries and which materially reduces your potential bonus given any particular level of performance of the Bank and its Subsidiaries. 
 (iii) Without your express written consent, the Bank or any of its Subsidiaries requires you to change the location of your job or office, so that you will be based at a location more than 100 miles from the location
of your job or office. 
 (iv) Without your express written consent, the Bank or any of its Subsidiaries reduces your
responsibilities or directs you to report to a person of lower rank or responsibilities than the person to whom you reported before the Change in Control. 
  

 - 3 - 

 (v) A successor to the Bank fails or refuses to assume the obligations of the Bank under
this Plan. 
 (k) “Person” shall have the meaning set forth in the definition of “Change in Control.” 

(l) “Plan” means this Change in Control Plan. 
 (m) “Release” means the Separation and General Release Agreement in the form attached hereto as Exhibit “A”. 
 (n) “Severance Payment” means the payment of severance compensation as provided in Article II. 
 (o) “Subsidiary” means any corporation or other Person, a majority of the voting power, equity securities or equity interest of which is owned directly or indirectly by the Bank. 
 (p) “WARN” means the Worker Adjustment and Retraining Notification Act, 29 U.S.C. §2101 et seq. 
 Article II 
 SEVERANCE PAYMENTS

  

	2.1	Right to Severance Payment; Release 

 Conditioned on
the execution and delivery by you (or your beneficiary or personal representative, if applicable) of the Release, and subject to the provisions of Section 2.7, you shall be entitled to receive a Severance Payment from the Bank in the amount
provided in Section 2.2 if (a) you are an Eligible Employee, and (b) within one year after the occurrence of a Change in Control, your employment is involuntarily terminated by the Bank or any of its Subsidiaries for any reason other
than Cause or your death or Disability, or you voluntarily terminate your employment with the Bank and all Subsidiaries for Good Reason. Notwithstanding the foregoing, you will not be entitled to receive a Severance Payment to the extent you receive
payments which the Bank or its Subsidiaries are required to make to you under WARN. 
  

	2.2	Amount of Severance Payment 

 If you become entitled
to a Severance Payment under this Plan, the amount of your Severance Payment, when added to any payments which the Bank or its Subsidiaries are required to make to you under WARN, shall equal your Compensation. 
  

 - 4 - 

	2.3	No Mitigation 

 The Bank acknowledges and agrees
that you shall be entitled to receive your entire Severance Payment regardless of any income which you may receive from other sources following your termination on or after the Change in Control. 
  

	2.4	Payment of Severance Payment 

 The Severance Payment
to which you are entitled shall be paid to you, in cash and in full, not later than the later of (i) eight (8) calendar days after execution and delivery by you (or your beneficiary or personal representative, if applicable) of the Release
Agreement, or (ii) the date on which such Release becomes effective. If you should die before all amounts payable to you have been paid, such unpaid amounts shall be paid to your beneficiary under this Agreement or, if you have not designated
such a beneficiary in writing to the Bank, to the personal representative(s) of your estate. 
  

	2.5	Health Benefits Coverage 

 If you are entitled to
receive a Severance Payment under Section 2.1, you will also be entitled to receive health benefits coverage for you and your dependents under the same plan(s) or arrangement(s) under which you were covered immediately before your termination
of employment or plan(s) established or arrangement(s) provided by the Bank or any of its Subsidiaries thereafter. Such health benefits coverage shall be paid for by the Bank to the same extent as if you were still employed by the Bank, and you will
be required to make such payments as you would be required to make if you were still employed by the Bank. The benefits provided under this Section 2.5 shall continue until the earlier of (a) the expiration of one (1) year following
your termination of employment with the Bank and all of its Subsidiaries, or (b) the date you become covered under any other group health plan not maintained by the Bank or any of its Subsidiaries; provided, however, that if such other group
health plan excludes any pre-existing condition that you or your dependents may have when coverage under such group health plan would otherwise begin, coverage under this Section 2.5 shall continue (but not beyond the six (6) month period
described in clause (a) of this sentence) with respect to such pre-existing condition until such exclusion under such other group health plan lapses or expires. In the event you are required to make an election under Sections 601 through 607 of
ERISA (commonly known as COBRA) to qualify for the benefits described in this Section 2.5, the obligations of the Bank and its Subsidiaries under this Section 2.5 shall be conditioned upon your timely making such an election. 

 

	2.6	Withholding of Taxes 

 The Bank may withhold from
any amounts payable under this Plan all federal, state, city or other taxes required by applicable law to be withheld by the Bank. 
  

	2.7	Governmental Approval 

 The Bank’s obligation
to pay you any amounts under this Plan is conditioned upon approval of the Plan or of payment of such amounts (or upon review of the Plan or of payment of such amounts, and failure to object thereto) by the OTS, the FDIC, or any other governmental
agency having jurisdiction over the Bank or its Subsidiaries, to the extent such approval (or review) is required by applicable laws or regulations. 
  

 - 5 - 

 Article III 
 OTHER RIGHTS AND BENEFITS NOT AFFECTED 
  

	3.1	Other Benefits 

 This Plan does not provide a
pension for you, nor shall any payment hereunder be characterized as deferred compensation. Except as set forth in Section 3.2, neither the provisions of this Plan nor the Severance Payment provided for hereunder shall reduce any amounts
otherwise payable, or in any way diminish your rights as an employee, whether existing now or hereafter, under any written benefit, incentive, retirement, stock option, stock bonus or stock purchase plan or any written employment agreement or other
written plan or arrangement not related to severance. 
  

	3.2	Other Severance Plans Superseded 

 When you become
entitled to a Severance Payment under this Plan, this Plan will supersede, as to you, any and all other severance plans of the Bank or its Subsidiaries and severance agreements between you and the Bank and its Subsidiaries, and your participation in
any other severance plan of the Bank and its Subsidiaries will be hereby terminated. 
  

	3.3	Employment Status 

 This Plan does not constitute a
contract of employment or impose on you any obligation to remain in the employ of the Bank, nor does it impose on the Bank or any of its Subsidiaries any obligation to retain you in your present or any other position, nor does it change the status
of your employment as an employee at will. Nothing in this Plan shall in any way affect the right of the Bank or any of its Subsidiaries in its absolute discretion to change or reduce your compensation at any time, or to change at any time one or
more benefit plans, including but not limited to pension plans, dental plans, health care plans, savings plans, bonus plans, vacation pay plans, disability plans, and the like. 
 Article IV 
 SUCCESSOR TO BANK 
 The Bank shall require any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or otherwise, to all or substantially
all the business or assets of the Bank, expressly and unconditionally to assume and agree to perform the Bank’s obligations under this Plan, in the same manner and to the same extent that the Bank would be required to perform if no such
succession or assignment had taken place. In such event, the term “Bank,” as used in this Plan, shall mean (from and after, but not before, the occurrence of such event) the Bank as herein before defined and any successor or assignee to
the business or assets which by reason hereof becomes bound by the terms and provisions of this Plan. 
  

 - 6 - 

 Article V 
 CONFIDENTIALITY 
  

	5.1	Nondisclosure of Confidential Material 

 In the
performance of your duties, you have previously had, and may in the future have, access to confidential records and information, including, but not limited to, development, marketing, purchasing, organizational, strategic, financial, managerial,
administrative, manufacturing, production, distribution and sales information, data, specifications and processes now owned or at any time hereafter developed by the Bank or its agents or consultants or used at present or at any time hereafter in
the course of its business, that are not otherwise part of the public domain (collectively, the “Confidential Material”). All such Confidential Material is considered secret and has been and/or will be disclosed to you in confidence. By
your acceptance of your Severance Payment under this Plan, you shall be deemed to have acknowledged that the Confidential Material constitutes proprietary information of the Bank which draws independent economic value, actual or potential, from not
being generally known to the public or to other persons who could obtain economic value from its disclosure or use, and that the Bank has taken efforts reasonable under the circumstances, of which this Section 5.1 is an example, to maintain its
secrecy. Except in the performance of your duties to the Bank, you shall not, directly or indirectly for any reason whatsoever, disclose or use any such Confidential Material, except that the foregoing disclosure prohibition shall not apply as to
Confidential Material that (i) has been publicly disclosed or was within your possession prior to its being furnished to you by the Bank or becomes available to you on a nonconfidential basis from a third party (in any of such cases, not due to
a breach by you of your obligations to the Bank or by breach of any other person of a confidential, fiduciary or confidential obligation, the breach of which you know or reasonably should know), (ii) is required to be disclosed by you pursuant
to applicable law, provided that you provide notice to the Bank of such requirement as promptly as possible, or (iii) was independently acquired or developed by you without violating any of the obligations under this Plan and without relying on
Confidential Material of the Bank. All records, files, drawings, documents, equipment and other tangible items, wherever located, relating in any way to the Confidential Material or otherwise to the Bank’s business, which you have prepared,
used or encountered or shall in the future prepare, use or encounter, shall be and remain the Bank’s sole and exclusive property and shall be included in the Confidential Material. Upon your termination of employment with the Bank, or whenever
requested by the Bank, you shall promptly deliver to the Bank any and all of the Confidential Material and copies thereof, not previously delivered to the Bank, that may be, or at any previous time has been, in your possession or under your control.

  

	5.2	Nonsolicitation of Employees 

 By your acceptance of
your Severance Payment under this Plan, you agree that, for a period of one (1) year following your termination of employment with the Bank or its Subsidiaries, neither you nor any Person or entity in which you have an interest shall solicit
any person who was employed on the date of your termination of employment by the Bank or any of its Subsidiaries to leave the employ of the Bank or any of its Subsidiaries. Nothing in this Section 5.2, however, shall prohibit you or any Person
or entity in which you have an 

  

 - 7 - 

 
interest from placing advertisements in periodicals of general circulation soliciting applications for employment, or from employing any person who answers
any such advertisement. For purposes of this Section 5.2, you shall not be deemed to have an interest in any corporation whose stock is publicly traded merely because you are the owner of not more than two percent (2%) of the outstanding
shares of any class of stock of such corporation, provided you have no active participation in the business of such corporation (other than voting your stock) and you do not provide services to such corporation in any capacity (whether as an
employee, an independent contractor or consultant, a board member, or otherwise). 
  

	5.3	Equitable Relief 

 By your acceptance of your
Severance Payment under this Plan, you shall be deemed to have acknowledged that violation of Sections 5.1 or 5.2 would cause the Bank irreparable damage for which the Bank cannot be reasonably compensated in damages in an action at law, and that
therefore in the event of any breach by you of Sections 5.1 or 5.2, the Bank shall be entitled to make application to a court of competent jurisdiction for equitable relief by way of injunction or otherwise (without being required to post a bond).
This provision shall not, however, be construed as a waiver of any of the rights which the Bank may have for damages under this Plan or otherwise, and, except as limited in Article VI, all of the Bank’s rights and remedies shall be
unrestricted. 
 Article VI 
 ARBITRATION 
 Except for equitable relief as provided in Section 5.3, arbitration in accordance with the then most
applicable rules of the American Arbitration Association shall be the exclusive remedy for resolving any dispute or controversy between you and the Bank or any of its Subsidiaries, including, but not limited to, any dispute regarding your employment
or the termination of your employment or any dispute regarding the application, interpretation or validity of this Plan not otherwise resolved through the claims procedure set forth in Section 9.10. The arbitrator shall be empowered to grant
only such relief as would be available in a court of law. In the event of any conflict between this Plan and the rules of the American Arbitration Association, the provisions of this Plan shall be determinative. If the parties are unable to agree
upon an arbitrator, they shall select a single arbitrator from a list designated by the office of the American Arbitration Association having responsibility for the city in which you primarily performed services for the Bank or its Subsidiaries
immediately before your termination of employment of seven arbitrators, all of whom shall be retired judges who are actively involved in hearing private cases or members of the National Academy of Arbitrators, and who, in either event, are residents
of the area in which you primarily performed services for the Bank or its Subsidiaries immediately before your termination of employment. If the parties are unable to agree upon an arbitrator from such list, they shall each strike names
alternatively from the list, with the first to strike being determined by lot. After each party has used three strikes, the remaining name on the list shall be the arbitrator. The fees and expenses of the arbitrator shall initially be borne equally
by the parties; provided, however, that each party shall initially be responsible for the fees and expenses of its own representatives and witnesses. Unless mutually agreed otherwise by the parties, any 

  

 - 8 - 

 
arbitration shall be conducted at a location within fifty (50) miles from the location in which you primarily performed services for the Bank or any of
its Subsidiaries immediately before your termination of employment. If the parties cannot agree upon a location for the arbitration, the arbitrator shall determine the location within such fifty (50) mile radius. Judgment may be entered on the
award of the arbitrator in any court having jurisdiction. The prevailing party in the arbitration proceeding, as determined by the arbitrator, and in any enforcement or other court proceedings, shall be entitled to the extent provided by law to
reimbursement from the other party for all of the prevailing party’s costs (including but not limited to the arbitrator’s compensation), expenses and reasonable attorney’s fees. 
 Article VII 
 MISCELLANEOUS 
  

	7.1	Applicable Law 

 To the extent not preempted by the
laws of the United States, the laws of the State of California shall be the controlling law in all matters relating to this Plan, regardless of the choice-of-law rules of the State of California or any other jurisdiction. 
  

	7.2	Construction 

 No term or provision of this Plan
shall be construed so as to require the commission of any act contrary to law, and wherever there is any conflict between any provision of this Plan and any present or future statute, law, ordinance, or regulation, the latter shall prevail, but in
such event the affected provision of this Plan shall be curtailed and limited only to the extent necessary to bring such provision within the requirements of the law. 
  

	7.3	Severability 

 If a provision of this Plan shall be
held illegal or invalid, the illegality or invalidity shall not affect the remaining parts of this Plan and this Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 
  

	7.4	Headings 

 The Section headings in this Plan are
inserted only as a matter of convenience, and in no way define, limit, or extend or interpret the scope of this Plan or of any particular Section. 
  

	7.5	Assignability 

 Your rights or interests under this
Plan shall not be assignable or transferable (whether by pledge, grant of a security interest, or otherwise) by you, your beneficiaries or legal representatives, except by will or by the laws of descent and distribution. 
  

 - 9 - 

	7.6	Amendment 

 This Plan may be amended in any respect
by resolution adopted by the Board until a Change in Control occurs. After a Change in Control occurs, this Plan shall no longer be subject to amendment, change, substitution, deletion, revocation or termination in any respect whatsoever. No
agreement or representations, written or oral, express or implied, with respect to the subject matter hereof, have been made by the Bank which are not expressly set forth in this Plan. 
  

	7.7	Notices 

 For purposes of this Plan, notices and all
other communications provided for herein shall be in writing and shall be deemed to have been duly given when personally delivered, telecopied, or sent by certified or overnight mail, return receipt requested, postage prepaid, addressed to the
respective addresses, or sent to the respective telecopier numbers, last given by each party to the other, provided that all notices to the Bank shall be directed to the attention of the Board of Directors with a copy to the General Counsel. All
notices and communications shall be deemed to have been received on the date of delivery thereof if personally delivered, upon return confirmation if telecopied, on the third business day after the mailing thereof, or on the date after sending by
overnight mail, except that notice of change of address shall be effective only upon actual receipt. No objection to the method of delivery may be made if the written notice or other communication is actually received. 
  

	7.8	Administration 

 This Plan constitutes a welfare
benefit plan within the meaning of Section 3(1) of ERISA. This letter constitutes the governing document of the Plan. The Administrator of the Plan, within the meaning of Section 3(16) of ERISA, and the Named Fiduciary thereof, within the
meaning of Section 402 of ERISA, is the Bank. Attached hereto as Exhibit “B” is a statement of your rights under ERISA. 
  

	7.9	Claims 

 If you believe you are entitled to a
benefit under this Plan, you may make a claim for such benefit by filing with the Bank a written statement setting forth the amount and type of payment so claimed. The statement shall also set forth the facts supporting the claim. The claim may be
filed by mailing or delivering it to the Secretary of the Bank. 
 Within sixty (60) calendar days after receipt of such a claim, the
Bank shall notify you in writing of its action on such claim and if such claim is not allowed in full, shall state the following in a manner calculated to be understood by you: 
 (a) The specific reason or reasons for the denial; 
 (b) Specific reference to pertinent provisions of this Plan on which the denial is based; 
  

 - 10 - 

 (c) A description of any additional material or information necessary for you to be entitled to the
benefits that have been denied and an explanation of why such material or information is necessary; and 
 (d) An explanation of this
Plan’s claim review procedure. 
 If you disagree with the action taken by the Bank, you or your duly authorized representative may
apply to the Bank for a review of such action. Such application shall be made within one hundred twenty (120) calendar days after receipt by you of the notice of the Bank’s action on your claim. The application for review shall be filed in
the same manner as the claim for benefits. In connection with such review, you may inspect any documents or records pertinent to the matter and may submit issues and comments in writing to the Bank. A decision by the Bank shall be communicated to
you within sixty (60) calendar days after receipt of the application. The decision on review shall be in writing and shall include specific reasons for the decision, written in a manner calculated to be understood by you, and specific
references to the pertinent provisions of this Plan on which the decision is based. 
  

			
	 Sincerely,

	
	 FIRST BANK OF BEVERLY HILLS

		
	 By:
	 	  

		 	 Larry B. Faigin, President & CEO

 I AGREE TO BE BOUND BY THE 
 TERMS OF THE ABOVE PLAN 
  

	
	  

	 Eric Rosa

  

 - 11 -

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