Document:

Form of Notice of Grant and Stock Option Agreement

 Exhibit 10.2 
 PACIFIC CAPITAL BANCORP 
 2010 EQUITY INCENTIVE PLAN 

NOTICE OF GRANT AND STOCK OPTION AGREEMENT 
  

 
  

							
	Name:	  		  	Option Number:	  	
	Address:	  		  	Plan Name:	  	2010 Equity Incentive Plan
	Employee ID:	  		  		  	

 Effective
                    , 20    , (“Grant Date”), you have been granted [incentive/non-qualified] stock
option to purchase             (            ) shares of Pacific Capital Bancorp common stock at an Exercise Price
of $              per share pursuant to the Pacific Capital Bancorp 2010 Equity Incentive Plan (the “Plan”). Except as otherwise defined herein, terms with initial capital
letters shall have the same meanings set forth in the Plan. A copy of the Plan is attached to this Notice and Agreement. The terms and conditions of the Plan are incorporated herein by this reference. 

[Insert vesting schedule] 
 By
accepting this grant and exercising any portion of the Option, you represent that you: (i) agree to the terms and conditions of this Notice and Agreement and the Plan; (ii) have reviewed the Plan and the Notice and Agreement in their
entirety, and have had an opportunity to obtain the advice of legal counsel and/or your tax advisor with respect thereto; (iii) fully understand and accept all provisions hereof; (iv) agree to accept as binding, conclusive, and final all
of the Administrator’s decisions regarding, and all interpretations of, the Plan and the Notice and Agreement; and (v) agree to notify the Company upon any change in your home address indicated above. 

Please return a signed copy of this Notice of Grant and Stock Option Agreement to [insert contact name and address of the Bank], and retain a copy
for your records. 
  

					
			
	  	 		 	Dated:                            
                                        

	For PACIFIC CAPITAL BANCORP:	 		 	
	Carol M. Zepke	 		 	
	Corporate SecretaryForm of Notice of Grant and Restricted Stock Agreement

 Exhibit 10.3 
 PACIFIC CAPITAL BANCORP 
 2010 EQUITY INCENTIVE PLAN 

NOTICE OF GRANT 
 AND 
 RESTRICTED STOCK AGREEMENT 

You have been granted the number of shares of Restricted Common Stock of Pacific Capital Bancorp (the “Company”), as set forth below
(“Common Shares”), subject to the terms and conditions of the Pacific Capital Bancorp 2010 Equity Incentive Plan (“Plan”), and this Notice of Grant and Restricted Stock Agreement including the attachments hereto
(collectively, “Notice and Agreement”). Unless otherwise defined in the Notice and Agreement, terms with initial capital letters shall have the meanings set forth in the Plan. 

 

			
	 Participant:
	  	
		
	 Home Address:
	  	
		
	 Soc. Sec. No:
	  	
		
	 Number of shares of Restricted

Common Stock Granted:
	  	
		
	 Grant Date:
	  	
		
	 Period of Restriction and

Release of Common Shares

from Company’s Return Right

(see Sections 2 and 3 of

attached Agreement)
	  	[Insert vesting schedule]

 By signing below, you accept this
grant of Common Shares and you hereby represent that you: (i) agree to the terms and conditions of this Notice and Agreement and the Plan; (ii) have reviewed the Plan and the Notice and Agreement in their entirety, and have had an
opportunity to obtain the advice of legal counsel and/or your tax advisor with respect thereto; (iii) fully understand and accept all provisions hereof; (iv) agree to accept as binding, conclusive, and final all of the Administrator’s
decisions regarding, and all interpretations of, the Plan and the Notice and Agreement; and (v) agree to notify the Company upon any change in your home address indicated above. 

 

			
	AGREED AND ACCEPTED:
		
	Signature:	 	 
		
	Print Name:	 	 

  
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 PACIFIC CAPITAL BANCORP 

2010 EQUITY INCENTIVE PLAN 
 RESTRICTED STOCK AGREEMENT 
 1. Grant of Restricted Stock. The Company has granted
to you the number of shares of Restricted Common Stock specified in the Notice of Grant on the preceding page (“Notice of Grant”), subject to the following terms and conditions. In consideration of such grant, you agree to be bound
by the terms and conditions hereof, and by the terms and conditions of the Plan. 
 2. Period of Restriction. During the Period of
Restriction specified in the Notice of Grant, the Common Shares shall remain subject to the Company’s Return Right (defined in Section 3). The Period of Restriction shall expire and the Company’s Return Right shall lapse as to the
Common Shares granted in the amount(s) and on the date(s) specified in the Notice of Grant (each, a “Release Date”); provided, however, that no Common Shares shall be released on any Release Date if the Participant has ceased
Continuous Status as an Employee, Consultant or Director on or prior to such date. Any and all Common Shares subject to the Company’s Return Right at any time shall be defined in this Notice and Agreement as “Unreleased Common
Shares.”  
 3. Return of Restricted Stock to Company. If Participant ceases Continuous Status as an Employee, Consultant
or Director for any reason (a “Return Event”), the Company shall become the legal and beneficial owner of the Unreleased Common Shares and all rights and interests therein or relating thereto, and the Company shall have the right to
retain and transfer such Unreleased Common Shares to its own name. The Participant shall continue to own any Common Shares subject to the terms of the Plan and this Notice and Agreement with respect to which the Participant has Continuous Status as
an Employee, Consultant or Director through the Release Date(s) specified in the Notice of Grant for such Common Shares. 
 4. Restriction on
Transfer. Except for the transfer of the Common Shares to the Company or its assignees contemplated by this Notice and Agreement, none of the Common Shares or any beneficial interest therein shall be transferred, encumbered or otherwise disposed
of in any way until the Release Date for such Common Shares set forth in this Notice and Agreement. In addition, as a condition to any transfer of the Common Shares after such Release Date, the Company may, in its discretion, require: (i) that
the Common Shares shall have been duly listed upon any national securities exchange or automated quotation system on which the Company’s Common Stock may then be listed or quoted; (ii) that either (a) a registration statement under
the Securities Act of 1933, as amended (“Securities Act”) with respect to the Common Shares shall be effective, or (b) in the opinion of counsel for the Company, the proposed purchase shall be exempt from registration under the
Securities Act and the Participant shall have entered into agreements with the Company as reasonably required; and (iii) fulfillment of any other requirements deemed necessary by counsel for the Company to comply with Applicable Law.

 5. Retention of Common Shares. To ensure the availability for delivery of the Participant’s Unreleased Common Shares upon their
return to the Company pursuant to this Notice and Agreement, the Company shall retain possession of the share certificates representing the Unreleased Common Shares, together with a stock assignment duly endorsed in blank, attached hereto as
Exhibit A. The Company shall hold the Unreleased Common Shares and related stock assignment until the Release Date for such Common Shares. In addition, the Company may require the spouse of Participant, if any, to execute and deliver to the
Company the Consent of Spouse in the form attached hereto as Exhibit B. When a Return Event or Release Date occurs, the Company shall promptly deliver the certificate for the applicable Common Shares to the Company or to the Participant, as
the case may be. 

  
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 6. Stockholder Rights. Subject to the terms hereof, the Participant shall have all the rights of a
stockholder with respect to the Common Shares while they are retained by the Company pursuant to Section 5, including without limitation, the right to vote the Common Shares and to receive any cash dividends declared thereon. If, from time to
time prior to the Release Date, there is (i) any stock dividend, stock split or other change in the Common Shares, or (ii) any merger or sale of all or substantially all of the assets or other acquisition of the Company, any and all new,
substituted or additional securities to which the Participant shall be entitled by reason of the Participant’s ownership of the Common Shares shall be immediately subject to the terms of this Notice and Agreement and included thereafter as
“Common Shares” for purposes of this Notice and Agreement. 
 7. Legends. The share certificate evidencing the Common Shares,
if any, issued hereunder shall be endorsed with the following legend (in addition to any legend required under applicable state securities laws): 
 THE COMMON SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO CERTAIN RESTRICTIONS UPON TRANSFER AND OBLIGATIONS TO RETURN TO THE COMPANY, AS SET FORTH IN AN AGREEMENT BETWEEN THE COMPANY AND THE
HOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF THE COMPANY. 
 8. U.S. Tax Consequences. The Participant has reviewed with the
Participant’s own tax advisors the federal, state, local and foreign tax consequences of this investment and the transactions contemplated by this Notice and Agreement. The Participant is relying solely on such advisors and not on any
statements or representations of the Company or any of its employees or agents. The Participant understands that the Participant (and not the Company) shall be responsible for the Participant’s own tax liability that may arise as a result of
the transactions contemplated by this Notice and Agreement. The Participant understands that for U.S. taxpayers, Section 83 of the Internal Revenue Code of 1986, as amended (the “Code”), taxes as ordinary income the difference
between the purchase price for the Common Shares, if any, and the fair market value of the Common Shares as of the date any restrictions on the Common Shares lapse. In this context, “restriction” includes the right of the Company to the
return of the Common Shares upon a Return Event. The Participant understands that if he/she is a U.S. taxpayer, the Participant may elect to be taxed at the time the Common Shares are awarded as Restricted Stock rather than when and as the Return
Right expires by filing an election under Section 83(b) of the Code with the IRS within 30 days from the date of acquisition. The form for making this election is attached as Exhibit C hereto. 

THE PARTICIPANT ACKNOWLEDGES THAT IT IS THE PARTICIPANT’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE ELECTION UNDER SECTION
83(b), IF APPLICABLE, EVEN IF THE PARTICIPANT REQUESTS THE COMPANY OR ITS REPRESENTATIVES TO MAKE THIS FILING ON THE PARTICIPANT’S BEHALF. 

9. General. 
 (a) This Notice and
Agreement shall be governed by and construed under the laws of the State of Delaware. The Notice and Agreement and the Plan, which is incorporated herein by reference, represents the entire agreement between the parties with respect to the shares of
Restricted Common Stock granted to the Participant. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Notice and Agreement, the terms and conditions of the Plan shall prevail. 

  
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 (b) Any notice, demand or request required or permitted to be delivered by either the Company or the
Participant pursuant to the terms of this Notice and Agreement shall be in writing and shall be deemed given when delivered personally, deposited with a reputable courier service, or deposited in the U.S. Mail, First Class with postage prepaid, and
addressed to the parties at the addresses set forth in the Notice of Grant, or such other address as a party may request by notifying the other in writing. 
 (c) The rights of the Company under this Notice and Agreement and the Plan shall be transferable to any one or more persons or entities, and all covenants and agreements hereunder shall inure to the
benefit of, and be enforceable by the Company’s successors and assigns. The rights and obligations of the Participant under this Notice and Agreement may only be assigned with the prior written consent of the Company. 

(d) The Participant agrees upon request to execute any further documents or instruments necessary or desirable to carry out the purposes or intent of
this Notice and Agreement. 
 (e) PARTICIPANT ACKNOWLEDGES AND AGREES THAT THE RELEASE OF COMMON SHARES PURSUANT TO THIS AGREEMENT SHALL BE
EARNED ONLY BY CONTINUING SERVICE AS AN EMPLOYEE, CONSULTANT OR DIRECTOR, AND NOT THROUGH THE ACT OF BEING HIRED, APPOINTED OR OBTAINING COMMON SHARES HEREUNDER. 
 ##### 

  
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 EXHIBIT A 
 ASSIGNMENT SEPARATE FROM CERTIFICATE 
 FOR VALUE RECEIVED I,
                                    , hereby sell, assign and
transfer unto
                                    (   
                 ) Common Shares of Pacific Capital Bancorp standing in my name of the books of said corporation represented by Certificate No.
             herewith and do hereby irrevocably constitute and appoint
                                         
    to transfer the said stock on the books of the within named corporation with full power of substitution in the premises. 

This Stock Assignment may be used only in accordance with the Notice of Grant and the Restricted Stock Agreement between Pacific Capital Bancorp and the
undersigned dated                        , 20    . 

Dated:
                        , 20     

 

			
		
	Signature:	 	 
		
	Print Name:	 	 

 INSTRUCTIONS: 

Please DO NOT fill in any blanks other than the signature lines. 
 The purpose of this assignment is to enable the Company to receive the return of the Common Shares as set forth in the Notice and Agreement, without requiring additional signatures on the part of the
Participant. 

  
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 EXHIBIT B 
 CONSENT OF SPOUSE 
 I,
                                , spouse of
                                , have read and approve the foregoing Notice of
Grant and Restricted Stock Agreement (the “Notice and Agreement”). In consideration of the Company’s grant to my spouse of the Common Shares of Pacific Capital Bancorp as set forth in the Notice and Agreement, I hereby appoint my
spouse as my attorney-in-fact in respect to the exercise of any rights under the Notice and Agreement and agree to be bound by the provisions of the Notice and Agreement insofar as I may have any rights in said Notice and Agreement or any Common
Shares issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state or country of our residence as of the date of the signing of the foregoing Notice and Agreement. 

Dated:                     ,
20     
  

			
	
	 
	Signature of Spouse
		
	Print Name:	 	 

  
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 EXHIBIT C 
 ELECTION UNDER SECTION 83(b) 
 OF THE U.S. INTERNAL REVENUE CODE OF 1986

 The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in
taxpayer’s gross income for the current taxable year the amount of any compensation taxable to taxpayer in connection with his or her receipt of the property described below: 
 1. The name, address, taxpayer identification number and taxable year of the undersigned are as follows: 
  

			
	     Name:
	 	 
	     Spouse:
	 	 
	     Taxpayer I.D. No.:
	 	 
	     Address:
	 	 
		 	 
	     Tax Year:
	 	 

 2. The property with respect to which the
election is made is described as follows:
                        (            ) shares of the
common stock (“Common Shares”) of Pacific Capital Bancorp (the “Company”). 
 3. The date on which the property was
transferred is                     , 20    . 
 4. The property is subject to the following restrictions: 
 The Common Shares are required to be
returned to the Company in the event that the undersigned ceases to perform services for the Company through certain dates specified in the Notice of Grant and Restricted Stock Agreement between me and the Company dated as of
                    , 20    . This right lapses with regard to a portion of the Common Shares based on my Continued
Status as an Employee, Consultant or Director over time. 
 5. The fair market value at the time of transfer, determined without regard to any
restriction other than a restriction which by its terms will never lapse, of such property is:
$                            . 
 6. The amount (if any) paid for such property is: none. 
 The undersigned has submitted a copy of
this statement to the person for whom the services were performed in connection with the undersigned’s receipt of the above-described property. The transferee of such property is the person performing the services in connection with the
transfer of said property. The undersigned understands that the foregoing election may not be revoked except with the consent of the Commissioner. 
  

					
	Dated:
                            , 20    	 		 	  
		 		 	Signature of Taxpayer
	
	The undersigned spouse of taxpayer joins in this election.
			
	Dated:
                            , 20    	 		 	  
		 		 	Spouse of Taxpayer

  
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