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Exhibit 10.12

Pursuant to Item 601(b)(10)(iv) of Regulation S-K, certain identified information marked with [*****] has been excluded from the exhibit because it is both (i) not material and (ii) would be competitively harmful if publicly disclosed.

FIRSTSUN CAPITAL BANCORP 2021 LONG-TERM INCENTIVE PLAN
1.    Establishment of Plan.  FirstSun Capital Bancorp, a Delaware corporation (“FirstSun”) and its wholly-owned subsidiary, Sunflower Bank, N.A., a national banking association (the “Bank”) hereby establish this FirstSun Capital Bancorp 2021 Long-Term Incentive Plan (the “Plan”).  The Plan is intended to qualify as a “top-hat” plan under ERISA that is unfunded and provides benefits only to a select group of management or highly compensated employees of FirstSun or the Bank.  
2.    Purpose of Plan.  The purpose of the Plan is to provide FirstSun and the Bank with a means of attracting and retaining highly-qualified key management employees and aligning the interests of those employees with the financial success of FirstSun and the Bank. 
3.    Definitions.  Capitalized terms shall have the meanings set forth in Appendix A.  Additional defined terms are included within the Plan.
4.    Eligibility and Grant.  Eligible FirstSun Employees and Eligible Bank Employees may be granted Awards under the Plan, from time to time as determined by the CEO.  Each grant of Awards shall be evidenced by an Award Agreement.  A Participant shall not receive any further Award once the Participant ceases to be an Employee; provided, however, such Participant shall continue to be entitled to his or her previously granted Awards until the occurrence of a forfeiture or settlement under Section 8.
5.    Award Agreement.  Each grant of Awards to a Participant shall be evidenced by an Award Agreement (in paper or electronic form), which shall set forth the Target Value and such other terms and conditions as determined by the CEO.  The terms of an Award Agreement, including the Target Value and the vesting schedule, may vary for each Participant.
6.    Vesting.   Unless the applicable Award Agreement provides otherwise, the Participant shall become one-hundred percent (100%) vested in his or her Award on the third (3rd) anniversary of the Grant Date if the Participant remains an Employee through such date, or if earlier, the Participant shall become vested, pro-rata, in his or her Award upon the earliest to occur of the following events: 
(a)Retirement,
(b)death,
(c)termination as an Employee due to Disability,
(d)involuntary termination as an Employee without Cause,
(e)consummation of a Change in Control, provided that if the Participant’s Award is continued by FirstSun or the Bank or assumed by the purchaser on substantially similar terms as set forth in the Participant’s Award Agreement, this event shall only be triggered if the Participant involuntarily terminates as an Employee without Cause within twelve
(12) months following such Change in Control.
Pro-rata vesting shall be based upon the number of whole one-year periods following the Grant Date that the Participant remained an Employee (e.g., if the Participant ceases being an Employee after more than one (1), but less than two (2) complete years, the Participant shall become 33.33% vested upon his or her termination).

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In all events, the Employee must be in good standing, as determined by the CEO in his or her sole discretion, as of the applicable vesting date in order to vest. 
On the date a Participant ceases being an Employee for any reason, any portion of the Participant’s Account that does not vest shall be immediately forfeited.

7.    Award Value.   The Realized Value of a Participant’s Award shall be determined by the CEO as of the end of the Performance Period or, if earlier, the applicable vesting date using the most recent Bank Performance, Team Performance and Individual Performance, if any.  The Realized Value of a Participant’s Award shall be calculated as follows:
												
	(Target Value x Bank Performance) x (Individual Performance + Team Factor)

Each of the above factors, other than Target Value, used to calculate Realized Value may be expressed either as a percentage, such as 25%, or numerically, such as 0.25, and will be determined as follows:
“Target Value” means the expected future value of the Award if target Bank performance levels are achieved, which shall be specified in the applicable Award Agreement. 
“Bank Performance” means the value calculated using the financial metrics designated by the Board, which are set forth in the following table and measure the actual performance of FirstSun over the Performance Period (or portion thereof).   Each metric will be determined by the Board in good faith, in most cases annually on the last day of each fiscal year or in such more frequent intervals as may be determined in the discretion of the Board, and considering such factors as it deems appropriate.  Each metric has been assigned a weighting indicating the proportion of that metric to be used in the overall calculation of Bank Performance.  
																		
	Financial Metric	Weighting	50% Threshold	100% 
Target	150% Stretch	Explanation
	Cumulative 
Revenue	35%	     [*****]
	     [*****]
	     [*****]
	Cumulative net interest income plus “non-interest income” over the Performance Period.
	Fee Income /
 Revenue	25%	     [*****]
	     [*****]
	     [*****]
	Cumulative “non-interest income” over the Performance Period divided by Cumulative Revenue.1
	Return on Assets	25%	     [*****]
	     [*****]
	     [*****]
	Average of each fiscal year’s “net income” divided by “average assets” for the Performance Period.
	Compound TBV Growth	15%	     [*****]
	     [*****]
	     [*****]
	Tangible book value (not per share) growth from the beginning of the Performance Period to the end using an annual rate of return calculation.

Achievement of the performance metrics set forth in the table above during the Performance Period will determine the value that is assigned to Bank Performance, which shall be one of the following:

1 “Non-interest income” shall exclude extraordinary items, such as gains and losses on securities and OREO.

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“Threshold” means the minimum financial performance achieved by FirstSun, which will be assigned a value of 50% (0.50) for purposes of calculating Bank Performance.  Financial performance above Threshold but below Target shall be assigned a value of 0.50.
“Target” means the minimum financial performance achieved by FirstSun, which will be assigned a value of 100% (1.00) or greater, for purposes of calculating Bank Performance.  Achievement of the performance metrics above Target but below Stretch shall be interpolated between the two levels and converted into numerical form to two hundredths.
“Stretch” means the minimum financial performance achieved by FirstSun, which will be assigned a value of 150% (1.50), for purposes of calculating Bank Performance.  Financial performance above Stretch shall be assigned a value of 1.50.
Bank Performance may be estimated periodically during the Performance Period but will not be deemed final until the Board (or its delegate), in its sole discretion, has approved the calculation.  
“Individual Performance” means the value, which shall be no less than zero, determined by the CEO in his or her sole discretion, which shall reflect the Participant’s contribution to the Company’s overall performance and efforts in building a sustainable growth company over the Performance Period.  
“Team Factor” means the percentage used to calculate the Realized Value, which for the 2021 Plan shall be 50% (0.50) for purposes of calculation. 
8.    Adjustments to Bank Performance.  
8.1    Credit Risk Profile Deterioration.  The Board, in its sole discretion, has the ability to reduce Bank Performance by up to 50% if the credit risk profile of FirstSun or the Bank deteriorates.  The Board will evaluate the credit profile by comparing FirstSun to a group of peers that as of the beginning of the Performance Period all have a ratio of “non-performing assets” to the summation of “total loans” plus “other real estate owned” (“NPA/Loans+OREO”), all of which are defined by regulatory reporting guidelines, of less than 2% (“Peer Group”).  In the event that FirstSun’s NPA/Loans+OREO exceed 2% or the 75th percentile of this Peer Group at the end of the Performance Period, or such earlier period in the event of earlier settlement of the Account, the Board, in its sole discretion, will determine the amount, if any, by which it will reduce Bank Performance.  The Board shall designate the Peer Group and make such adjustments to the Peer Group as the Board determines, in its sole discretion, is necessary or advisable from time to time (e.g., if a member of the Peer Group is acquired or otherwise ceases to exist).
8.2    Financial Performance Target Adjustments.  While FirstSun has been pursuing organic growth as its primary strategy in recent years, the possibility remains that, during the Performance Period, there may be merger and acquisition activity or other similar corporate restructurings or other activities that do not result in a Change in Control.  In this event, the financial metrics used to determine Bank Performance could be impacted positively or negatively, and the Board may make such equitable adjustments following the closing of such transaction to the threshold, target and stretch performance levels used in determining Bank Performance as it determines, in its sole discretion, are necessary or advisable to preserve the original intent of the Award and avoid material dilution or enlargement of an Award.  All such adjustments shall be conclusive, final and binding for all purposes under the Plan.
9.    Award Payout.
9.1    Normal Payout Timing.  Subject to Sections 9.2 and  9.3 below, payment of the Realized Value of a Participant’s Award (or portion thereof) that vests shall be made in one (1) lump sum cash payment within forty-five (45) days after the applicable vesting date, provided that the Participant remains 

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an Employee through the payment date or earlier ceases being an Employee because of the Participant’s Retirement, death, or Disability.   
9.2    Deferral Election.  A Participant who is eligible to participate in the Deferred Compensation Plan may elect to defer any payments made under this Plan pursuant to such Deferred Compensation Plan, provided that the Participant has elected to defer such payments by filing a written election with Human Resources prior to the Grant Date (or for new Participants, within 30 days following the Grant Date in accordance with Code Section 409A) or as otherwise required by such Deferred Compensation Plan.  Any deferral election and eventual payment of the deferred amount is subject to the terms and conditions of the Deferred Compensation Plan. 
9.3    Permitted Delays.  Notwithstanding anything to the contrary in this Plan (and unless the Award Agreement specifically provides otherwise), 
(a)    If the vesting trigger is a Change in Control, the Board may choose, in its sole discretion and in accordance with Code Section 409A, to settle the Participant’s vested Awards on the same schedule and in the same proportions as FirstSun or its selling shareholders receive consideration for the sale of the assets or stock in connection with the Change in Control (including any delayed payment which is placed in escrow or otherwise held back), and
(b)    Unless otherwise permitted by Code Section 409A, if the Participant is a “specified employee” for purposes of Code Section 409A at the time of his or her termination as an Employee, no distribution or payment of any amount under this Plan that is triggered by such termination shall be made before the first (1st) day of the seventh (7th) month following such termination or, if earlier, the date of the Participant’s death.  All settlements under this Plan that are delayed pursuant to this paragraph shall be paid on the first (1st) day of such seventh (7th) month and all remaining payments shall be paid at their originally scheduled time.
10.       Forfeiture/Clawback Events.   
10.1    Termination of Employment/Violation of Award Terms.  Notwithstanding any other Plan provision contained herein, the Participant’s Account shall be immediately forfeited if: (a) the Participant is no longer an Employee due to a termination for Cause; or (b) the Participant violates any of the material terms of his or her Award Agreement.
10.2    Confidentiality.  As a condition to the granting and vesting of an Award, the Participant agrees to keep confidential all information and knowledge that the Participant has relating to the terms and conditions of the Award, except that which has been disclosed in any public filings required by law; provided, however, that such information may be disclosed as required by law and may be given in confidence to the Participant’s spouse and tax and financial advisors.  Any violation of this condition will result in forfeiture of the entire Award and the obligation of the Participant to repay any amounts already settled under the Award.
10.3    Clawbacks. All payments under the Plan will be subject to clawback, recovery, or recoupment, as determined by the Board, in its sole discretion, (a) as provided in FirstSun or the Bank’s Policy on Sound Executive Compensation and any other compensation clawback or forfeiture policy implemented by FirstSun or the Bank from time to time and applicable to all officers on substantially the same terms and conditions, including without limitation, any such policy adopted to comply with the requirements of applicable law or the rules and regulations of any applicable stock exchange, (b) as is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act, federal banking law or other applicable law, (c) to the extent that the Board determines that the Participant has been involved in the altering, inflating, and/or inappropriate manipulation of performance/financial results or any other infraction 

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of recognized ethical business standards, or that the Participant has willfully engaged in any activity injurious to FirstSun or the Bank, or the Participant’s termination as an Employee is for Cause, and/or (d) in instances of regulatory or capital issues and bad risk behavior (i.e., significant negative individual actions such as violations of risk policies).  
11.       Plan Administration.
11.1    Administration.  Except where specific authority is granted in the Plan to a CEO, the Plan shall be administered by the Board of FirstSun, which shall have the authority to: (a) construe and interpret the Plan and apply its provisions; (b) promulgate, amend and rescind rules and regulations relating to the administration of the Plan; (c) authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan; (d) interpret, administer, reconcile any inconsistency in, correct any defect in and/or supply any omission in the Plan and any instrument or agreement relating to the Plan; and (e) exercise discretion to make any and all other determinations which it determines to be necessary or advisable for the administration of the Plan.  The determinations of the Board need not be uniform and any such determinations may be made selectively among Participants. All decisions made by the Board pursuant to the provisions of the Plan shall be final and binding on FirstSun, the Bank, the Participants and all other persons.
11.2    CEO Awards.  To the extent that a CEO has been granted Awards under the Plan, all decisions and determinations with respect to the CEO’s Awards shall be made by the Board upon the recommendations of the Compensation Committee of the Board.
11.3    Indemnification.  No member of the Board, or any designee, shall be liable for any action, failure to act, determination or interpretation made in good faith with respect to the Plan, except for any liability arising from his or her own willful malfeasance, gross negligence or reckless disregard of his or her duties. 
12.    Amendment and Termination.  The Board may, at any time, and in its discretion, alter, amend, modify, suspend or terminate the Plan or any portion thereof; provided, however, that no such amendment, modification, suspension or termination shall, without the consent of a Participant, adversely affect such Participant’s rights with respect to Awards previously granted hereunder, unless such changes are required by law; and provided, further, that no payment of benefits shall occur upon termination of the Plan unless the requirements of Code Section 409A have been met.
13.    Miscellaneous.
13.1    No Employment or Other Service Rights.  Nothing in the Plan or any instrument executed pursuant thereto shall confer upon any Participant any right to continue as an Employee or interfere in any way with the right of the Company or any subsidiary or affiliate to terminate the Participant’s employment or service at any time, with or without notice, and with or without Cause.
13.2    Other Benefits.  Amounts paid under the Plan shall not be considered part of a Participant’s salary or compensation for purposes of determining or calculating other benefits under any other employee benefit plan or program of FirstSun or the Bank.
13.3    Tax Withholding.  FirstSun and the Bank shall have the right to deduct from any amounts otherwise payable under the Plan or by FirstSun or the Bank any federal, state, local, or other applicable taxes required to be withheld and any other legally-authorized wage deductions.

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13.4    Governing Law.  The Plan shall be administered, construed and governed in all respects under and by the laws of the State of Colorado, without reference to the principles of conflicts of law (except and to the extent preempted by applicable Federal law). 
13.5    Code Section 409A.  The Plan is intended to comply with the requirements of Code Section 409A and shall be operated and interpreted consistent with that intent.  Notwithstanding the foregoing, FirstSun and the Bank make no representation that the Plan complies with Code Section 409A and shall have no liability to any Participant for any failure to comply with Code Section 409A.  Each Participant is fully responsible for any and all taxes or other amounts imposed by Code Section 409A.  For purposes of Code Section 409A, any installment payments that become due hereunder shall be treated as separate payments.  If any payment of nonqualified deferred compensation becomes payable as a result of a termination as an Employee, any payment timing shall be computed based on the date the Participant incurs a “separation from service” as defined in Treasury Regulations section 1.409A-1(h).
13.6    Unfunded Benefit.  All amounts provided under the Plan shall be paid from the general assets of FirstSun or the Bank (as applicable) and no separate fund shall be established to secure payment.  To the extent that any person acquires a right to receive payment from FirstSun or the Bank under the Plan, such right shall be no greater than the right of any unsecured general creditor.  Awards do not constitute issued and outstanding shares of stock for any corporate purposes and do not confer on the Participant any voting rights or the right to receive dividends.
13.7    Beneficiary Designation.  Each Participant under the Plan may, from time to time, name any beneficiary or beneficiaries to receive any amounts that become payable with respect to the Participant’s Awards in the event of the Participant’s death.  Each designation will revoke all prior designations by the same Participant, shall be in a form reasonably prescribed by the CEO and shall be effective only when filed by the Participant in writing with the CEO (or his or her designee) during the Participant’s lifetime. If a Participant fails to designate a beneficiary, then the Participant’s designated beneficiary shall be deemed to be the Participant’s estate.
13.8    No Assignment.  Neither a Participant nor any other person shall have any right to sell, assign, transfer, pledge, anticipate or otherwise encumber, transfer, hypothecate or convey any amounts payable hereunder prior to the date that such amounts are paid (except for the designation of beneficiaries pursuant to Section 13.7).
13.9    Expenses.  The costs of administering the Plan shall be paid by FirstSun and the Bank, subject to such allocation as determined by the Board.
13.10    Severability.  If any provision of the Plan is held to be invalid, illegal or unenforceable, whether in whole or in part, such provision shall be deemed modified to the extent of such invalidity, illegality or unenforceability and the remaining provisions shall not be affected.
13.11    Headings and Subheadings.  Headings and subheadings in the Plan are for convenience only and are not to be considered in the construction of the provisions hereof.

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IN WITNESS WHEREOF, FirstSun Capital Bancorp and Sunflower Bank, N.A. have adopted this Plan as of the Effective Date.
FIRSTSUN CAPITAL BANCORP                             SUNFLOWER BANK, N.A.

By:      /s/ Mollie Carter                                                By:      /s/ Neal Arnold                                     

Name:  Mollie Carter                                                    Name:  Neal Arnold                                         

Title:    CEO                                                                 Title:    President                                              

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APPENDIX A

DEFINED TERMS

“Award” means an unfunded, unsecured promise by FirstSun or the Bank to pay the Realized Value, calculated as described in Section 7 of this Plan and subject to the terms and conditions of this Plan.  The value assigned to each Participant’s Award shall be calculated as described in Section 7.
“Award Agreement” means a written (electronic or paper) agreement between FirstSun or the Bank (as applicable) and a Participant that specifies the Target Value of the Participant’s Award and any additional terms as described in Section 5.  
“Bank” means Sunflower Bank, N.A., a national banking association.
“Bank Performance” is defined in Section 7.
“Board” means the Board of Directors of FirstSun.
“Cause” means: (a) falsification of any employment or other records of FirstSun, the Bank, or either of their affiliates; (b) negligent, reckless or knowing improper disclosure of the confidential or proprietary information of FirstSun, the Bank, or either of their affiliates; (c)      theft, dishonesty or any other similar action by the Participant which in each case has a material detrimental effect on the reputation or business of FirstSun, the Bank, or either of their affiliates; (d) willful misconduct or failure by the Participant to abide by the material policies of FirstSun, the Bank, or either of their affiliates (including, without limitation, policies relating to confidentially and reasonable workplace conduct) after written notice from FirstSun or the Bank to the Participant of, and a reasonable opportunity to cure, such misconduct or failure; (e) the Participant’s failure or inability to perform any assigned duties after written notice from FirstSun or the Bank to the Participant of, and a reasonable opportunity to cure, such failure or inability, provided that such assigned duties are consistent with Participant’s position with FirstSun or the Bank; (f) the Participant’s conviction (including any plea of guilty or no contest) of any criminal act that impairs the Participant’s ability to perform his or her duties; (g) the Participant’s arrest for a felony involving violence or conviction of a crime involving fraud, deceit, or perjury; or (h) such other events as shall be determined in good faith by the CEO. The CEO shall have sole discretion to determine whether Cause exists and his or her determination shall be final and binding on the Company, the Participant and all other interested persons.  
“Change in Control” means the first (and only the first) to occur of any transaction or series of transactions in which one or more independent third parties acquire (whether by merger, consolidation, sale, transfer or exchange):
(a)capital stock of FirstSun possessing the voting power to elect a majority of the directors serving on the board of directors of FirstSun, 
(b)over fifty percent (50%) of the value of issued and outstanding shares of capital stock of FirstSun, or
(c)all of substantially all of the assets of FirstSun (determined on a consolidated basis);

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provided, however, that a “Change of Control” must also qualify as a “change in the ownership or effective control” (within the meaning of Code Section 409A(a)(2)(A)(v)) of FirstSun, or a “change in the ownership of a substantial portion of the assets” (within the meaning of Code Section 409A(a)(2)(A)(v)) of FirstSun; and provided further, that a Change in Control will not include (i) a transaction in which the holders of the outstanding voting securities of FirstSun immediately prior to the transaction hold at least fifty percent (50%) of the outstanding voting securities of the successor company immediately after the transaction; (ii) any transaction or series of transactions principally for bona fide equity financing purposes in which cash is received by FirstSun or any successor company, or indebtedness of FirstSun is cancelled or converted, or a combination thereof; (iii) a sale, lease, exchange or other transfer of all or substantially all of FirstSun’s assets to a majority-owned subsidiary company; or (iv) a transaction undertaken for the principal purpose of an internal reorganization. 
“Chief Executive Officer” (or “CEO”) means (a) as to any Award granted to an Eligible FirstSun Employee, the CEO of FirstSun, or (b) as to any Award granted to an Eligible Bank Employee, the CEO of the Bank.  Where an Award has been granted to a CEO, decisions normally made by the “CEO” with respect to such Award shall be made by the Board as described in Section 11.2.
“Code” means the Internal Revenue Code of 1986, as amended, and the Treasury Regulations and guidance issued thereunder.
“Deferred Compensation Plan” means the FirstSun Capital Bancorp Deferred Compensation Plan.
“Disability” means that a Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or (b) by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months, the Participant is receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of FirstSun or the Bank.
“Effective Date” means April 1, 2021, the effective date of the Plan.
“Eligible Bank Employee” means a key management or highly compensated Employee of the Bank who is designated by the Bank’s CEO as eligible to participate in the Plan.
“Eligible FirstSun Employee” means a key management or highly compensated Employee of FirstSun who is designated by FirstSun’s CEO as eligible to participate in the Plan.
“Employee” means any person employed by FirstSun or the Bank, as evidenced by payroll records.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and regulations and guidance issued thereunder.
“FirstSun” means FirstSun Capital Bancorp, a Delaware corporation.
“Grant Date” means the date as of which a Participant is granted an Award pursuant to the Plan, which shall be stated in the Award Agreement.
“Participant” means an Eligible FirstSun Employee or Eligible Bank Employee who has received an Award under the Plan.  An Eligible FirstSun Employee or Eligible Bank Employee becomes a Participant upon such Eligible Employee’s acknowledgement, execution and delivery to FirstSun or the Bank of an Award Agreement and ceases being a Participant upon settlement of amounts due pursuant to his or her vested Award.

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“Performance Period” means the fiscal years 2021 through 2023 over which the various factors used to determine the Realized Value of a Participant’s Award, as described in Section 7, are measured. 
“Plan” means this FirstSun Capital Bancorp 2021 Long-Term Incentive Plan, as amended from time to time.
“Realized Value” is defined in Section 7.  Based on the level of Individual Performance achieved by each Participant, the final Realized Value per Award will vary among Participants, even if their Target Value is similar.  However, the sum total of the Realized Value among all Participants shall be no greater than the sum total of the Target Value for all Participants multiplied by Bank Performance at the conclusion of the Performance Period.
“Retirement” means the Participant ceases being an Employee after attaining age sixty (60), provided the Participant (a) has provided the CEO with at least twelve (12) months’ advance written notice of retirement (or a lesser period with the approval of the CEO), or (b) has been involuntarily terminated without Cause.
“Target Value” is defined in Section 7. 

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        Exhibit 10.13
Award Agreement

FORM OF FIRSTSUN CAPITAL BANCORP 2021 LONG-TERM INCENTIVE PLAN
AWARD AGREEMENT

This Award Agreement (this “Agreement”) is made and entered into as of April 1, 2021 (the “Grant Date”) by and between FirstSun Capital Bancorp, a Delaware corporation (the “Company”), and XXXXX
 
1.    Grant of LTIP Units Award.  Subject to the conditions set forth below and in the Plan document, effective on the Grant Date, the Company hereby grants you, as a matter of separate inducement but not in lieu of any salary or other compensation for your services for the Company, an award (“Award”) with a Target Value of $[        ].

2.    Vesting & Payment.  You will vest in full and become entitled to cash settlement of your Award on the third (3rd) anniversary of its Grant Date, provided you remain an Employee in good standing through the vesting and settlement dates.  In special circumstances as described in the Plan, you may vest earlier in your Award or the continuous employment requirement may be waived. Settlement of the Realized Value of your Award will normally be made within forty-five (45) days after vesting.  In certain limited situations described in Section 9 of the Plan, payment of a portion of your Award may be delayed. 

The Realized Value of your Award will be determined based on achievement of those performance measures described in Section 7 of the Plan, subject to adjustment as described in Section 8 of the Plan.  
 
3.    Forfeiture.  Your entire Award shall be forfeited if your employment is terminated for Cause or if you violate any of the material terms of this Agreement or the Plan.  Certain clawback rights may also apply, as described in the Plan.

4.    Covenants to Protect the Company’s Business.  By signing below and accepting this Award, you acknowledge and agree to the confidentiality and non-solicitation provisions set forth in Appendix A of this Agreement.  In addition, as a condition for the granting and vesting of your Award, you hereby agree to keep confidential all information and knowledge, except that which has been disclosed in any public filings required by law, that you have relating to the terms and conditions of this Agreement; provided, however, that such information may be disclosed as required by law and may be given in confidence to your spouse and tax and financial advisors.

5.    Payment of Taxes.  Any settlement of your Award will be reduced by applicable employment and withholding taxes.  Notwithstanding any action the Company takes with respect to withholding and payment of taxes, you are ultimately responsible for the payment of all taxes associated with your Award. 

6.    Right to Terminate Services.  Nothing in this Agreement confers upon you the right to continue as an employee or service provider for the Company or its affiliates, or interferes in any way with the rights of the Company or any affiliate to terminate your employment or service relationship at any time, with or without notice, and with or without cause.

7.    Disputes; Forum Selection.  Any dispute regarding the interpretation of this Agreement shall be submitted to the Board of FirstSun Capital Bancorp for review.  The resolution of such dispute by the Board shall be final and binding on the parties.  All questions arising with respect to the provisions of this Agreement shall be determined by application of the laws of the State of Colorado, without giving any effect to any conflict of law provisions thereof, except to the extent preempted by federal law.  Any action or proceeding by either party to enforce this Agreement shall be brought only in any state or federal court located in the State of Colorado, county of Denver.  By signing below, you irrevocably submit to the exclusive jurisdiction of such courts and waive the defense of inconvenient forum to the maintenance of any such action or proceeding in such venue.

1

8.    Amendment and Termination.  This Agreement may be amended or terminated by the Board of FirstSun Capital Bancorp at any time; provided, that, no amendment or termination that adversely affects your rights with respect to your Award shall be made without your consent.  

9.    Section 409A.  The Company intends that the Plan and this Agreement comply with the requirements of Section 409A of the Code, to the extent applicable, and both shall be operated and interpreted consistent with that intent.

10.    Severability; Counterparts.  The invalidity or unenforceability of any provision of the Plan or this Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Agreement, and each provision of the Plan and this Agreement shall be severable and enforceable to the extent permitted by law.  This Agreement may be executed in counterparts and on paper or electronically, each of which shall be deemed an original but all of which together will constitute one and the same instrument.

11.    Acknowledgement; Release.  By signing below, you acknowledge and agree that: (a) you understand that the Tangible Book Value and Target Value assigned to your Award will be determined in accordance with procedures adopted by the Board and may not be the same as the fair market value of the Company’s stock; (b) you are not relying upon any written or oral statement or representation of the Company or any of its employees, directors, officers, attorneys or agents (the “Company Parties”) regarding the tax effects associated with your execution of this Agreement and your receipt, and ultimate distribution, of the Award; and (c) in deciding to enter into this Agreement, you are relying on your own judgment and the judgment of the professionals of your choice with whom you have consulted.  You hereby release, acquit, and forever discharge the Company Parties from all actions, causes of actions, suits, debts, obligations, liabilities, claims, damages, losses, costs and expenses of any nature whatsoever, known or unknown, on account of, arising out of, or in any way related to the tax effects associated with your execution of this Agreement and your receipt, and ultimate settlement, of your Award.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first above written.

FirstSun Capital Bancorp                EMPLOYEE

By:                                                     

Name:                             Print:                         

Title:                         

    2    

Appendix A
Covenants to Protect the Company’s Business.

(a)    Definitions.  For purposes of this Appendix, the following terms shall have the meanings set forth below.  Any capitalized term used but not defined in this Appendix shall have the meaning set forth in your Award or the Plan.

“Business Opportunities” means any specialized information or plans of the Company not disclosed or available to the public concerning the provision of financial services to a Person, together with all related information concerning the specifics of any contemplated financial services regardless of whether the Company has contacted or communicated with such Person.

“Business Relation” means any Person other than the Company who, at any time during your term of employment or service with the Company, was a Person (a) who is or was a customer of the Company, or (b) who had entered into any contract or other arrangement with the Company for the provision of services or the sale of products, (c) to whom the Company had furnished a written proposal for the performance of services or the sale of products, or (d) with whom the Company entered or agreed to enter into any other business relationship such as a joint venture, collaborative agreement, joint development agreement, teaming arrangement or agreement, or similar arrangement or understanding for the provision of services or sale of products.

“Company” means, when used in this Appendix, shall include FirstSun Capital Bancorp, Sunflower Bank, N.A., and each of their direct and indirect subsidiaries and their affiliates, as applicable.

“Confidential Information” means all “non-public Personal Information,” as defined in Title V of The Gramm-Leach-Bliley Act (15 U.S.C. §§680 et seq.) and its implementing regulations (collectively, the “GLB Act”) that concerns any of the Company’s “customers and/or consumers”, as defined by the GLB Act, and any data or information, other than Trade Secrets, which is material to the Company and not generally known by or available to the public.  Confidential Information shall include, but not be limited to, Business Opportunities of the Company, the details of this Award, the Company’s business plans and financial statements and projections, information as to the capabilities of the Company’s employees, their respective salaries and benefits and any other terms of their employment, the costs of the services the Company may offer or provide to the customers it serves, and any list of actual or active prospective customers, to the extent such information is material to the Company and not generally known by or available to the public.  

“Person” means any individual, corporation, partnership, limited liability company, joint venture, trust, unincorporated organization, any other legal or commercial entity, or two or more of any of the foregoing having a joint or common interest.

“Trade Secret” means the identity and addresses of customers of the Company and any other information, without regard to form, including, but not limited to, any technical or nontechnical data, any formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, financial plans, and product plans, that (a) is valuable and secret (in the sense that it is not generally known by or available to competitors of the Company) and (b) otherwise qualifies as a “trade secret” under applicable law.
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(b)    Confidential Information.  By signing below and accepting your Award, you acknowledge that, in the course of your employment or service with the Company, you will have access to and learn Confidential Information.  You acknowledge that all Confidential Information is and shall continue to be the exclusive property of the Company, whether or not prepared in whole or in part by you and whether or not disclosed to or entrusted to you in connection with your employment or service with the Company.  

You agree not to disclose Confidential Information, directly or indirectly, under any circumstances or by any means, to any third persons without the prior written consent of the Company.  You agree that you will not copy, transmit, reproduce, summarize, quote, or make any commercial or other use whatsoever of Confidential Information, except as may be necessary to perform work performed by you for the Company.  You agree to exercise the highest degree of care in safeguarding Confidential Information against loss, theft or other inadvertent disclosure and agrees generally to take all steps necessary or requested by the Company to ensure maintenance of the confidentiality of the Confidential Information.  You agree in addition to the specific covenants contained herein to comply with all of the Company’s policies and procedures, as well as all applicable laws, for the protection of Confidential Information.

The Defend Trade Secrets Act (18 U.S.C. § 1833(b)) states: “An individual shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that (A) is made (i) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney; and (ii) solely for the purpose of reporting or investigating a suspected violation of law; or (B) is made in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal.”  Accordingly, you shall have the right to disclose in confidence Trade Secrets to federal, state, and local government officials, or to an attorney, for the sole purpose of reporting or investigating a suspected violation of law.  You shall also have the right to disclose Trade Secrets in a document filed in a lawsuit or other proceeding, but only if the filing is made under seal and protected from public disclosure.  Nothing in this Appendix is intended to conflict with 18 U.S.C. § 1833(b) or create liability for disclosures of trade secrets that are expressly allowed by 18 U.S.C. § 1833(b).

(c)    Non-Solicitation.  For a period of twenty-four (24) months following your termination of employment (the “Restricted Period”), you agree not to, directly or indirectly, as owner, partner, director, officer, employee, agent, consultant, advisor, contractor or otherwise, whether for consideration or without consideration, for the benefit of any Person other than the Company, take any of the following actions:

(i)    solicit any Business Relation to purchase, or sell or otherwise provide to any Business Relation, any products or services that are substantially similar in nature to the products and services offered by the Company, or which are intended to substitute for, products or services offered or provided by the Company during your term of employment with the Company;

(ii)    solicit for employment or for engagement as an independent contractor or consultant, any Person who was employed by, or any Person who was engaged as an independent contractor by, the Company within the twelve (12) month period immediately preceding any employment, engagement, or solicitation by you, or urge any such Person to reduce his or her employment with or provision of services to the Company; or

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(iii)    urge any Person to reduce its business with the Company or assist any Person with any such reduction; provided, however, that a general solicitation through a public medium not specifically directed toward any Person shall not be considered a breach of this subsection (b).

(d)    Reasonableness; Enforcement.  You acknowledge and agree that the restrictions contained in this Appendix regarding geographical scope, length of term and types of activities restricted are reasonable and shall continue in effect through the entire Restricted Period regardless of whether you are then entitled to receive any further payments or benefits from the Company.  You further agree that the restrictions contained in this Appendix shall be construed as agreements independent of each other and of any provision of this or any other contract between the parties, and that should any restriction, or part thereof, be held invalid, void or unenforceable in any court of competent jurisdiction, such invalidity, voidness or unenforceability shall not render invalid, void or unenforceable any other restriction, or part thereof.  If any portion of the foregoing provisions is found to be invalid or unenforceable by a court of competent jurisdiction because its duration, the territory, the definition of activities or the definition of information covered is considered to be invalid or unreasonable in scope, the invalid or unreasonable term shall be redefined, or a new enforceable term provided, such that the intent of the Company and you in agreeing to the provisions of this Appendix will not be impaired and the provision in question shall be enforceable to the fullest extent of the applicable laws.  

The existence of any claim or cause of action by you against the Company, whether predicated upon this or any other contract, shall not constitute a defense to the enforcement by the Company of said covenants. You agree that a breach of any of the covenants of this Appendix would cause material and irreparable harm to the Company that would be difficult or impossible to measure, and that damages or other legal remedies available to the Company for any such injury would, therefore, be an inadequate remedy for any such breach.  Accordingly, you agree that if you breach any term of this Appendix, the Company shall be entitled, in addition to other remedies the Company may have, at law or otherwise, to obtain injunctive or other appropriate equitable relief, without bond or other security, to restrain any such breach.  In the event the enforceability of any of the terms of this Appendix shall be challenged in court and you are not enjoined from breaching any of the protective covenants, then if a court of competent jurisdiction finds that the challenged protective covenant is enforceable, the time periods shall be deemed tolled upon the filing of the lawsuit challenging the enforceability of this Appendix until the dispute is finally resolved and all periods of appeal have expired. 

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