Document:

Form of Restricted Stock Unit Agreement

 EXHIBIT 10.5 
 COLUMBIA BANKING SYSTEM, INC. 
 RESTRICTED STOCK UNIT AGREEMENT 
 THIS RESTRICTED STOCK UNIT AGREEMENT (“Agreement”) is entered into by and between Columbia Banking System, Inc. (“Bank”) and
                     (“Grantee”). 
  

	1.	Basis Terms of Award 

  

			
	 Number of Restricted Stock
 Units Subject to the
Award:
	  	______________________________
		
	Fair Market Value on Common Stock on Date of Award	  	______________________________
		
	Amount Required to be Paid for Restricted Stock Units:	  	$0.00
		
	Date of Award:	  	______________________________

  

	2.	Bank hereby awards to Grantee the number of Restricted Stock Units described above (“Award”). 

  

	3.	The Award is made under the Amended and Restated Stock Option and Equity Compensation plan of Columbia Banking System, Inc. (the “Plan”), a copy of which has been provided
to Grantee. The terms and conditions of the Plan are hereby incorporated into this Agreement by this reference. In the event of a conflict between the terms and conditions of the Plan and the terms and conditions of this Agreement, the former shall
govern. Capitalized terms used in this Agreement that are not defined herein shall have the meaning given to such terms in the Plan. 

  

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	4.	Vesting Schedule 

 Except as otherwise provided in the
Plan, Restricted Stock Units subject to this Award shall no longer Vest, and shall be forfeited for no consideration, immediately after Grantee fails to maintain Continuous Status as an Employee, to the extent such units are not then Vested in
accordance with the following vesting scheduled: 
  

			
	 If Grantee maintains Continuous Status
as an Employee on the following
anniversary date after the Date of
Award

	  	 Then the following percent of the
number of Restricted Stock Units
subject to the Award shall Vest
*

		
	                        1st	  	                        25%
		
	                        2nd	  	                        25%
		
	                        3rd	  	                        25%
		
	                        4th	  	                        25%

  

	*	Rounded up in each case to the nearest whole number. But in no event shall more than the total number of Restricted Stock Units subject to this Award, as described in paragraph 1,
Vest over the entire vesting period. 

  

	5.	Grantee shall have no rights as a shareholder with respect to the Restricted Stock Units subject to this Award. 

  

	6.	Grantee shall exercise his right to receive payments with respect to Vested Restricted Stock Units by giving a notice of exercise to Bank. The date on which such notice is given
shall be deemed to be the date of exercise. As soon as practicable thereafter, Bank shall take all actions reasonably required to effectuate the payment. 

  

	7.	No rights under Restricted Stock Units subject to this Award may be sold, pledged, assigned, hypothecated, transferred, or disposed of in any manner, other than by will or by the
laws of descent or distribution. 

  

	8.	No shares of Common Stock shall be issued with respect to a Restricted Stock Unit, unless the issuance and delivery of such shares shall comply with all relevant provisions of law,
including, without limitation, all securities laws, rules and regulations, and the requirements of any stock exchange upon which the shares may then be listed. Issuance of such shares is further subject to the approval of counsel for Bank with
respect to such compliance. 

  

	9.	Bank, in its sole discretion, may take any actions reasonably believed by it to be required to comply with any local, state, or federal tax laws relating to the reporting or
withholding of taxes attributable to the Restricted Stock Units, including, but not limited to, (i) withholding, or causing to be withheld, from any form of compensation or other amount due Grantee any amount required to be withheld
under applicable tax laws, or (ii) requiring Grantee to make arrangements satisfactory to Bank (including, without limitation, paying amounts) to satisfy any tax obligations, as a condition to recognizing any rights of Grantee under the
Award. 

  

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	10.	Miscellaneous. 

  

	 	a.	Each party agrees to cooperate fully with the other party and to execute such further instruments, documents and agreements, and to give such further written assurances, as may be
reasonably requested by the other party to better evidence and reflect the transactions described herein and contemplated hereby, and to carry into effect the intents and purposes of this Agreement. 

  

	 	b.	All pronouns shall be deemed to include the masculine, feminine, neuter, singular or plural forms thereof, as the context may require. All references to “paragraph” shall
be deemed to refer to paragraphs of this Agreement, unless otherwise specifically stated. 

  

	 	 c.
	 All notices and other writings of any kind that a party to this Agreement may or is required to give hereunder to any
other party hereto shall be in writing and may be delivered by personal service or overnight courier, facsimile, or registered or certified mail, return receipt requested, deposited in the United States mail with postage thereon fully prepaid,
addressed (i) if to Bank, to its home office, marked to the attention of the corporate secretary of Bank; or (ii) if to Grantee, to his address set forth on the signature page hereof. Any notice or other writings so delivered shall be
deemed given (i) if by mail, on the second (2nd) business day after mailing, and (ii) if by other means, on the date of actual
receipt by the party to whom it is addressed. Any party hereto may from time to time by notice in writing served upon the other as provided herein, designate a different mailing address or a different person to which such notices or demands are
thereafter to be addressed or delivered. 

  

	 	d.	Attorneys Fees. In any action at law or in equity to enforce any of the provisions or rights under this Agreement, the unsuccessful party to such litigation, as determined by
the court in a final judgment or decree, shall pay the successful party all costs, expenses and reasonable attorneys’ fees incurred by the successful party (including, without limitation, costs, expenses and fees on any appeal).

  

	 	e.	Waiver. No waiver of any term, provision or condition of this Agreement, whether by conduct or otherwise, in any one or more instances, shall be deemed to be, or be construed
as, a further or continuing waiver of any such term, provision or condition or as a waiver of any other term, provision or condition of this Agreement. 

  

	 	f.	Choice of Law. It is the intention of the parties that the internal laws of the State of Washington (irrespective of any choice of law principles) shall govern the validity
of this Agreement, the construction of its terms and the interpretation of the rights and duties of the parties. 

  

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	 	g.	Successors in Interest. This Agreement and all of its terms, conditions and covenants are intended to be fully effective and binding, to the extent permitted by law, on the
heirs, executors, administrators, successors and permitted assigns of the parties hereto. 

 IN WITNESS WHEREOF, the parties
have executed this Agreement on the day and year first indicated above. 
  

									
	BANK	 		 	COLUMBIA BANKING SYSTEM, INC.,
		 		 	a Washington corporation
				
		 		 		 	By                                      
                                        
                                      
 
				
		 		 		 	Print
name:                                       
                                        
                      
				
		 		 		 	Title:                                     
                                        
                                   

  

									
	GRANTEE	 		 	
				
		 		 		 	Address:                                     
                                        
                             
					
		 		 		 		 	                                      
                                        
                                    
					
		 		 		 		 	                                      
                                        
                                    

									
				
		 		 		 	Social Security
No.                                       
                                        
      

 ACKNOWLEDGEMENT 
 GRANTEE HEREBY ACKNOWLEDGES THAT HE HAS RECEIVED A COPY OF THE PLAN. 
  

	
	                                      
                                        
                        
	
	Print Name:                                    
                                        
   

  

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 CONSENT OF SPOUSE AND CERTIFICATION OF MARITAL STATUS 
 CONSENT OF SPOUSE 
 This Consent of
Spouse relates to an award by Columbia Banking System, Inc. of Restricted Stock Unit to                      under the Amended and Restated
Stock Option and Equity Compensation Plan of Columbia Banking System, Inc. and a related Restricted Stock Unit Agreement. The foregoing plan and agreement are sometimes referred to herein as the “Documents.” By his/her signature below, the
undersigned acknowledges that he/she: 
  

	 	1.	is the spouse of the grantee of such shares; 

  

	 	2.	has read the Documents and is familiar with the terms and conditions of the same; and 

  

	 	3.	agrees to be bound by all the terms and conditions of the Documents. 

 Dated:                                  
  

	
	                                      
                                        
                        
	
	Print Name:                                    
                                        
   

 CERTIFICATION OF MARITAL STATUS 
 I hereby certify that I am not married. 
  

	
	                                      
                                        
                        
	
	Print Name:                                    
                                        
   

  

 5Form of Change in Control Agreement

 EXHIBIT 10.10 
 CHANGE IN CONTROL AGREEMENT 
 THIS CHANGE IN CONTROL AGREEMENT (“Agreement”) is made and
entered into effective this                     , by and between COLUMBIA STATE BANK, a Washington banking corporation (the “Bank”)
and                     (“Executive”). 
 RECITALS 
 1. The Bank currently receives the exclusive services of Executive as its Executive, and
Executive desires that this employment relationship continue. 
 2. The Bank desires to provide a severance benefit to Executive (i) to
encourage Executive to continue employment with the Bank; (ii) to continue obtaining Executive’s services in the event of a potential Change in Control (as defined below) of Columbia Banking System, Inc. (“CBSI”), the parent
holding company of the Bank, that may be detrimental to the Executive; and (iii) to allow CBSI to maximize the benefits obtainable by its shareholders from any Change in Control. 
 In consideration of the mutual promises, covenants, agreements and undertakings contained in this Agreement, the parties hereby contract and agree as
follows: 
 AGREEMENT 
 1.
Term. The term of this Agreement (“Term”) shall commence as of the date first above written and shall end on the earlier of the termination of Executive’s employment in a manner that does not constitute a Termination
Event or on the fifth anniversary of the date first above written, unless extended in writing by the parties. 
 2. Severance Benefit.
In the case of a Termination Event, as defined in Section 4, (i) the Bank shall pay to Executive all salary and benefits earned through the effective date of Executive’s termination and a severance benefit (“Severance
Benefit”) in an amount equal to two times the amount of Executive’s then-current annual base salary, and (ii) vesting of all stock options and lapse of all restrictions with respect to restricted stock awards shall occur. Payment of
the Severance Benefit shall begin, and vesting and lapse of restrictions described in the preceding sentence shall occur, (i) in the case of a Termination Event described in paragraph 4.1, upon the effective date of termination, and
(ii) in the case of a Termination Event described in paragraph 4.2, upon the effective date of the Change of Control which is then pending (or announced within sixty days of the date when the Executive’s employment terminated). The
Severance Benefit shall be paid over a two year period in equal regular periodic payments without interest on the same dates that other salaried Executives of the Bank are paid. 
 3. Other Compensation and Terms of Employment. Except with respect to the Severance Payment, this Agreement shall have no effect on the
determination of any compensation payable by the Bank to the Executive, or upon any of the other terms of Executive’s employment with the Bank. 

 4. Termination Events. A Termination Event shall be deemed to occur upon, and only upon,
one or more of the following: 
 4.1 Termination of Executive’s employment by the Bank without Cause (as defined below)
or by Executive for Good Reason (as defined below) within 730 days following the effective date of a Change of Control; or 
 4.2 Termination of Executive’s employment by the Bank without Cause prior to a Change of Control if such termination occurs at any time from and after sixty days prior to the public announcement by the CBSI or any other party of a
transaction which will result in a Change in Control; provided that the effective date of the Change of Control occurs within eighteen (18) months of Executive’s termination. 
 5. Restrictive Covenant.  
 5.1 Non-competition. Executive agrees that, during Executive’s employment with the Bank or any of its affiliates and for a period of two years after commencement of the payment to Executive of the
Severance Benefit, Executive will not directly or indirectly become interested in, as a principle shareholder, director, or officer, any financial institution, now existing or organized hereafter, that competes or will compete with CBSI, the Bank or
any of their affiliates (together the “Company”), including any successor, within any county in which the Company does business; provided that Executive’s covenant not to compete shall terminate in the event Executive waives
the right to payment of any balance of the Severance Benefit then payable; and provided further, that Executive shall not be deemed a “principle shareholder” unless (i) Executive’s investment in such an institution exceeds
2% of the institution’s outstanding voting securities or (ii) Executive is active in the Organization, management or affairs of such institution. The provisions restricting competition by Executive may be waived by action of the Board.
Executive recognizes and agrees that any breach of this covenant by Executive will cause immediate and irreparable injury to the Company, and Executive hereby authorizes recourse by the Bank or CBSI to injunction and/or specific performance, as well
as to other legal or equitable remedies to which either may be entitled. 
 5.2 Noninterference. During the
non-competition period described in Section 5.1, Executive shall not solicit or attempt to solicit any other Executive of the Company to leave the employ of those companies, or in any way interfere with the relationship between the Company and
any other Executive of the Company. 
 5.3 Interpretation. If a court or any other administrative body with
jurisdiction over a dispute related to this Agreement should determine that the restrictive covenant set forth in Section 5.1 above is unreasonably broad, the parties hereby authorize and direct said court or administrative body to narrow same
so as to make it reasonable, given all relevant circumstances, and to enforce same. The covenants in this paragraph shall survive termination of this Agreement. 

 6. Definitions. 
 6.1. Cause. “Cause” shall mean only (i) willful misfeasance or gross negligence in the performance of
Executive’s duties, (ii) conduct demonstrably and significantly harmful to the Bank (which would include willful violation of any final cease and desist order applicable to the Bank), or (iii) conviction of a felony. 
 6.2. Change of Control. “Change of Control” shall mean the occurrence of one or more of the following events: 

6.2.1. One person or entity acquiring or otherwise becoming the owner of twenty-five percent (25%) or more of CBSI’s
outstanding common stock; 
 6.2.2. Replacement of incumbent directors or election of newly-elected directors constituting a
majority of the Board of CBSI where such replacement or election has not been supported by the Board; or 
 6.2.3.
Dissolution, or sale of fifty percent (50%) or more in value of the assets, of either CBSI or the Bank. 
 6.3. Good
Reason. “Good Reason” shall mean (i) any reduction of Executive’s salary or any reduction or elimination of any other compensation or benefit plan, which reduction or elimination is not of general application to substantially
all Executives of the Bank or such Executives of any successor entity or of any entity in control of the Bank, (ii) any changes in Executive’s authority or duties substantially inconsistent with Executive’s then office position; or
(iii) any transfer to a location more than thirty miles from Executive’s then office location. 
 7. Miscellaneous.

 7.1 This Agreement contains the entire agreement between the parties with respect to the subject matter, and is subject to
modification or amendment only upon amendment in writing signed by both parties. 
 7.2 This agreement shall bind and inure to
the benefit of the heirs, legal representatives, successors, and assign of the parties. 
 7.3 If any provision of this
Agreement is invalid or otherwise unenforceable, all other provisions shall remain unaffected and shall be enforceable to the fullest extent permitted by law. 

 7.4 This Agreement is made with reference to and is intended to be construed in
accordance with the laws of the State of Washington. Venue for any action arising out of or concerning this Agreement shall lie in Pierce County, Washington. In the event of a dispute under this agreement, the disputes shall be arbitrated pursuant
to the Superior Court Mandatory Arbitration Rules (“MAR”) adopted by the Washington State Supreme Court, irrespective of the amount in controversy. This Agreement shall be deemed as stipulation to that effect pursuant to MAR 1.2 and 8.1.
The arbitrator, in his or her discretion, may award attorney’s fees to the prevailing party or parties. 
 7.5 Any notice
required to be given under this Agreement to either party shall be given by personal service or by depositing a copy thereof in the United States registered or certified mail, postage prepaid, addressed to the following address or such other address
as addressee shall designate in writing: 
  

			
	Company:	  	Columbia Bank
		  	1301 ‘A’ Street
		  	Tacoma, WA 98402
		  	Attn: (Corporate Secretary)
		
	Executive:	  	                                      
                                        
     

 IN WITNESS WHEREOF, the parties have executed this Agreement effective on the date
first above written. 
  

			
	COLUMBIA STATE BANK
	
	By                                      
                                        
                   
	
	Print
Name:                                       
                                       
 
	
	Title:                                     
                                        
               
	
	EXECUTIVE

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