Document:

Exhibit

EXHIBIT 10.20

Second Amendment to Credit Agreement

This Second Amendment to Credit Agreement (this "Amendment") is dated as of December 18, 2017, by and between Axon Enterprise, Inc. (the "Borrower") and JPMorgan Chase Bank, N.A. (together with its successors and assigns the  "Bank").  The provisions of this Amendment are effective on the date that this Amendment has been executed by all of the signers and delivered to    the Bank (the "Effective Date").

WHEREAS, the Borrower and the Bank entered into a Credit Agreement dated August 18, 2014, as amended by the  First  Amendment to Credit Agreement dated as of July 29, 2015 (collectively, the "Credit Agreement"); and

WHEREAS, the Borrower has requested and the Bank has agreed to amend the Credit Agreement as set forth in this Amendment;

NOW, THEREFORE, in mutual consideration of the agreements contained herein and for other good and valuable consideration, the parties agree as follows:

		
	1.
	DEFINED TERMS. Capitalized terms used in this Amendment shall have the same meanings as in the Credit Agreement, unless otherwise defined in this Amendment.

		
	2.
	MODIFICATION OF CREDIT AGREEMENT. The Credit Agreement is hereby amended as follows:

		
	2.1
	Section 2.1 of the Credit Agreement captioned "C. Applicable Fee Rate" is hereby amended and restated to read as follows:

C.    "Applicable Fee Rate" means with respect to any standby letter of credit fee or Non-Usage  Fee,  as the  case may be, the rate per annum set forth below opposite the applicable Leverage Ratio (hereinafter defined in Section 5. 3 (A).

	
					
	Leverage Ratio
	Applicable Fee Rate

	 
	Standby LOC Fee
	Non-Usage Fee
	Commercial LOC Fee

	Less than 1.00 to 1.00
	1.25%
	0.10%
	1.00%

	Greater than or equal to 1.00 to 1.00 but less than
1.50 to 1.00
	1.50%
	0.15%
	1.00%

	Greater than or equal to 1.50 to 1.00
	1.75%
	0.20%
	1.00%

The Applicable Fee Rate shall, in each case, be determined and adjusted quarterly on the first day of the month after  the date of delivery of the quarterly and annual financial statements required by this agreement, provided, however,  that if such financial statements are not delivered within two Business Days after the required date (each, an "Fee Determination Date"), the Applicable Fee Rate shall increase to the maximum percentage amount set forth  in  the  table above from the date such financial statements were required to be delivered to the Bank until received by the Bank. The Applicable Fee Rate shall be effective from a Fee Determination Date until the next Fee Determination Date. Such determinations by the Bank shall be conclusive absent manifest error. As of the date  hereof,  the  Applicable Fee Rate with respect to the Standby LOC Fee is 1.25%, and the Applicable Fee Rate with respect to the Commercial LOC Fee is 1.00%, and the Applicable Fee Rate with respect to the Non-Usage Fee is 0.10%.

		
	1.
	Section 4.5 of the Credit Agreement captioned "Financial Reports" is hereby amended and restated to read as  follows:

4.5    Financial  Reports. Furnish to  the Bank whatever  information,  statements,  books  and  records the Bank    may from time to time reasonably request, including at a minimum:

		
	A.
	Via either the EDGAR System or its Home Page, within ninety (90) days after the filing of  its  Annual  Report on Form 10-K for the fiscal year then ended with the Securities and Exchange Commission, but no event later than ninety (90) days after the end of such fiscal  year, the  financial statements for such fiscal  year as contained in such Annual Report on Form 10-K and,  as soon  as it  shall  become  available, the annual report to its shareholders for the fiscal year then ended.

		
	B.
	Via either the EDGAR System or its Home Page, within forty-five (45) days after the filing of its Quarterly Report on Form 10-Q for the fiscal  quarter then ended with the Securities  and Exchange Commission, but  no event later than forty-five (45) days after the end of such fiscal quarter,  copies  of  the  financial  statements for such fiscal quarter as contained in such Quarterly Report on Form  10-Q, and, as soon as it  shall become available, a quarterly report to its shareholders for the fiscal quarter then ended.

		
	C.
	Via either the EDGAR System or its Home Page, promptly after the  same  become  publicly  available, copies of all periodic and other reports, proxy statements and other materials filed by it with the Securities  and Exchange Commission or any governmental authority succeeding to any or all of the functions of said Commission.

If for any reason either the EDGAR System or its Home Page is not available to it as is required for making available the financial statements or reports referred to above, it shall then furnish a copy of such financial statements or reports to the Bank.

For the purposes of this section, "EDGAR System" means the Electronic Data Gathering Analysis and Retrieval System owned and operated by the United States Securities and Exchange Commission or any replacement system, and "Home Page" means its corporate home page on the World Wide Web accessible through the Internet via the universal resource locator (URL) identified as "http//www.axon.com" or such other universal resource locator that it shall designate in writing to the Bank as its corporate  home page on  the World Wide Web.

		
	D.
	Compliance Certificates. Provide the Bank, together with each financial statement required under this agreement and at  such other times  as  the Bank may request,  a Compliance  Certificate in form satisfactory to the Bank, certified and executed by Borrower’s chief financial officer, or other officer satisfactory to the Bank. In the event of a conflict between this agreement and the Compliance Certificate, the terms of this agreement shall control.

		
	2.
	Section 4.12 of the Credit Agreement captioned "Compliance Certificate" is hereby deleted.

		
	3.
	Section 5.2 M of the Credit Agreement captioned "Leverage Ratio" is hereby deleted.

		
	4.
	Section 5.2 N. of the Credit Agreement captioned "Fixed Charge Coverage Ratio" is hereby deleted.

		
	5.
	Section 5.3 Financial Statement Calculations of the Credit Agreement captioned "Financial Statement Calculations" is hereby amended and restated to read as follows:

5.3    Financial Covenants. Without the written consent of the Bank, the Borrower will not:

A.Funded Debt to EBITDA Ratio. Permit its Funded Debt to EBITDA Ratio at any fiscal quarter  end to  be  greater than 2.00 to 1.00. As used in this subsection, the term "Funded Debt to EBITDA Ratio" means its ratio of

(a)total liabilities excluding (i) accounts arising from the purchase of goods and services in the ordinary course of business, (ii) accrued expenses or losses, and (iii) deferred  revenues or gains, all computed as of  the end of the Test Period, to

(b)net income, plus amortization expense, depreciation expense, interest  expense and income tax expense,  all computed for the Test Period.

As used in this subsection, the term "Test Period" means the twelve month period then ending.

		
	6.
	Section 5.4 of the Credit Agreement  captioned "Financial  Statement  Calculations"  is hereby amended to add a  new subsection to the end thereof, reading as follows:

5.4 Financial Statement Calculations. The financial covenant(s) set forth in Section 5.3 entitled "Financial Covenants", except as may be otherwise expressly provided with  respect to  any particular financial covenant,  shall  be calculated on the basis of the Borrower’s financial statements prepared on a consolidated basis  with  its  Subsidiaries in accordance with GAAP. Except as may be otherwise expressly provided with  respect  to  any  particular financial covenant, if any financial covenant states that it is to be tested with respect to  particular  period time (which may be referred to therein as a “Test Period”) ending on any test date (e.g., a fiscal month end, fiscal
quarter end, or fiscal year end), then compliance with that covenant shall be required commencing with the period of 

time ending on the first test date that occurs after the date of this agreement (or, if applicable, of the amendment to   this agreement which added or amended such financial covenant)..

		
	3.
	RATIFICATION. The Borrower ratifies and reaffirms the Credit Agreement and the Credit Agreement shall remain in full force and effect as modified by this Amendment.

		
	4.
	BORROWER REPRESENTATIONS AND WARRANTIES. The Borrower represents and warrants that (a) the representations and warranties contained in the Credit Agreement are true and correct in all material respects as of the date of this Amendment, (b) no condition, event, act or omission which could constitute a default or an event of default under the  Credit Agreement, as modified by this Amendment, or any other Related Document exists, and (c) no condition, event, act or omission has occurred and is continuing that with the giving of notice, or the passage of time  or both, would  constitute a  default or an event of default under the Credit Agreement, as modified by this Amendment, or any other Related Document.

		
	5.
	FEES AND EXPENSES. The Borrower agrees to pay all fees and out-of-pocket disbursements incurred by the Bank in connection with this Amendment, including legal fees incurred by the Bank in the preparation, consummation, administration and enforcement of this Amendment.

		
	6.
	EXECUTION AND DELIVERY BY THE BANK. The Bank shall not be bound by this Amendment until (i) the Bank has executed this Amendment and (ii) the Borrower has executed and delivered this Amendment together with all other related documents requested by the Bank, and the Borrower has fully satisfied all other conditions precedent, as determined by the  Bank in its sole discretion.

		
	7.
	ACKNOWLEDGEMENTS OF BORROWER / RELEASE. The Borrower acknowledges that as of the date of this Amendment it has no offsets with respect to all amounts owed by the Borrower to the Bank arising under or  related to the  Credit Agreement, as modified by this Amendment, or any other Related Document on or prior to the  date  of  this  Amendment. The Borrower fully, finally and forever releases and discharges the Bank, its successors and assigns and their respective directors, officers, employees, agents and representatives (each a "Bank Party")  from  any and  all  claims,  causes of action, debts, demands and liabilities, of whatever kind or nature, in law or in equity, of the Borrower, whether now known  or unknown to the Borrower, which may have arisen in connection with the Credit Agreement or the actions or omissions of  any Bank Party related to the Credit Agreement on or prior to the  date hereof. The Borrower  acknowledges  and  agrees that this Amendment is limited to the terms outlined above, and shall not  be construed as  an agreement  to change any other terms or provisions of the Credit Agreement. This Amendment shall not establish a course of dealing or be construed as evidence of any willingness on the Bank's part to grant other or future agreements, should any be requested.

		
	8.
	STATEMENTS. The Bank may from time to time provide the Borrower with account statements or invoices with respect to any of the Liabilities  ("Statements"). The Bank is  under no duty or obligation to provide Statements, which, if provided, will  be solely for the Borrower’s convenience. Statements may contain estimates of the amounts owed during the relevant billing period, whether of principal, interest, fees or other Liabilities. If the Borrower pays  the full amount indicated on  a Statement  on or before the due date indicated on such Statement, the Borrower shall not be in default of payment with respect to  the billing period indicated on such Statement; provided, that acceptance by the Bank of any payment that is less than the total amount actually due at that time (including but not limited to any past  due amounts) shall not  constitute a waiver of  the  Bank’s right to receive payment in full at another time.

		
	9.
	INTEGRATION, ENTIRE AGREEMENT, CHANGE, DISCHARGE, TERMINATION, OR WAIVER. The Credit Agreement, as modified by this Amendment, and the other Related Documents contain the complete understanding and agreement of the Borrower and the Bank in respect of the Credit Facilities and supersede all prior understandings and negotiations. If any one or more of the obligations of the Borrower under this Amendment or the Credit  Agreement,  as amended by this  Amendment, is invalid, illegal or unenforceable in  any jurisdiction, the validity,  legality and  enforceability  of the remaining obligations of the Borrower shall not in any way be affected or impaired, and the invalidity, illegality or unenforceability in one jurisdiction shall not affect the validity, legality or enforceability of the obligations of the Borrower under this Amendment, the Credit Agreement, as modified by this Amendment, or any other Related Document in any other jurisdiction. No provision of the Credit Agreement, as modified by this Amendment, or the other Related Documents, may be changed, discharged, supplemented, terminated, or waived except in a writing signed by the party against whom it is being enforced.

		
	10.
	Governing Law and Venue.  This Amendment shall be governed by and construed in accordance with the laws of the State     of Arizona (without giving effect to its laws of conflicts). The Borrower agrees that any legal  action  or  proceeding with  respect to any of its obligations under  this Amendment may be brought by the Bank  in  any state  or  federal  court located in the State of Arizona, as the Bank in its sole discretion may elect. By the execution and delivery of this Amendment, the

Borrower submits to and accepts, for itself and in respect of its property, generally and unconditionally, the non-exclusive jurisdiction of those courts. The Borrower waives any claim that the State of Arizona is not a convenient forum or the proper venue for any such suit, action or proceeding.

		
	11.
	NOT A NOVATION. This Amendment is a modification only and not a novation. Except as expressly modified by this Amendment, 

the Credit Agreement, any other Related  Documents,  and all the terms and conditions thereof, shall be and  remain in full force and effect with the changes herein deemed to be incorporated therein. This Amendment  is  to  be  considered attached to the Credit Agreement and made a part thereof. This Amendment shall not release or affect the liability   of any guarantor of any promissory note or credit facility executed in reference to the Credit Agreement  or release any owner  of collateral granted as security for the Credit Agreement. The validity, priority and enforceability of the Credit Agreement   shall not be impaired hereby. To the extent that  any provision  of this Amendment conflicts  with any term or condition set  forth in the Credit Agreement, or any other Related Documents, the provisions of this  Amendment  shall  supersede  and control. The Bank expressly reserves all rights against all parties to the Credit Agreement and the other Related Documents.

		
	12.
	COUNTERPART EXECUTION. This Amendment may be executed in multiple counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts, taken together, shall constitute one and the same agreement.

		
	13.
	TIME IS OF THE ESSENCE. Time is of the essence under this Amendment and in the  performance  of  every  term, covenant and obligation contained herein.

Borrower:
Axon Enterprise, Inc.
By:   /s/ Jawad Ahsan                              
          Jawad Ahsan, CFO                                                                                    

Bank:
JPMorgan Chase Bank, N.A.

By:                                                                                        

COMPLIANCE CERTIFICATE

To:    JPMorgan Chase Bank, N.A.

This   Compliance   Certificate  ("Certificate"),   for the  period  ended          ,  20     , is furnished pursuant to that certain Credit Agreement dated as of August 18, 2014 (as amended, modified, renewed or extended from time to time,  the "Agreement") among Axon Enterprise, Inc. (the "Borrower"), and JPMorgan Chase Bank, N.A. (the "Bank"). Unless otherwise defined herein, capitalized terms used in this Compliance Certificate have the meanings ascribed thereto in the Agreement.

THE UNDERSIGNED HEREBY CERTIFIES THAT:

1.I am the     of the Borrower and I am authorized to deliver this Certificate on behalf of the Borrower and its Subsidiaries;

2.I have reviewed the terms of the Agreement and I have made, or have caused to  be made  under  my supervision,  a  detailed review of the compliance of the Borrower and its Subsidiaries with  the Agreement during the accounting period covered by     the attached financial statements (the "Relevant Period");

3.The attached financial statements of the Borrower and, as applicable, its Subsidiaries and/or Affiliates for the Relevant Period: (a) have been prepared on an accounting basis consistent with the requirements of the Agreement, and (b) to the extent that the attached are not the Borrower’s annual fiscal year end statements, are subject to normal year-end audit adjustments and the absence of footnotes;

4.The examinations described in  paragraph 2 did not disclose and I  have no knowledge  of, except  as set forth below, (a)  the existence of any condition or event which constitutes a default or an event of default under the Agreement or any other Related Document during or at the end of the Relevant Period or as of the date of this  Certificate,  or which  would, subject to the giving of  notice or the lapse of time or both, constitute a default or event of default under the Agreement or any other Related Document during    or at the end of the Relevant Period or as of the date of this Certificate or (b) any change in the accounting basis or in the application thereof that has occurred since the date of the annual financial statements delivered to the Bank in connection with the closing of the Agreement or subsequently delivered as required in the Agreement;

5.I hereby certify that, except as set forth below, no Obligor has, if applicable, changed its (i) name, (ii) chief  executive office, (iii) principal place of business, (iv) the type of entity it is or (v) state of incorporation  or organization  without having received the Bank’s prior written consent;

6.Schedule I attached hereto sets forth financial data and computations evidencing the Borrower’s compliance with certain covenants of the Agreement, all of which data and computations are true, complete and correct; and

7.Described below are the exceptions, if any, referred to in paragraph 4 hereof by listing, in detail, the (i) nature of the condition or event, the period during which it has existed and the action which the Borrower has taken, is taking,  or proposes to take  with respect to each such condition or event or (ii) change in the accounting basis or the application thereof and the effect  of such  change on the attached financial statements:

The foregoing certifications, together with the computations set forth in Schedule I hereto and the  financial  statements delivered with this Certificate in support hereof, are made and delivered this     day of     ,    .

Axon Enterprise, Inc.

By:                                                                                   

Name:                                                               

Title:EX-10.19

 Exhibit 10.19 

Form of Stock Option, Stock Appreciation Right, Restricted Stock Unit Award, and Performance Share Award Agreements, and Notice of Grant of Stock Option
pursuant to TriCo’s 2009 Equity Incentive Plan 
 Trico Bancshares 

2009 EQUITY INCENTIVE PLAN 

STOCK OPTION AGREEMENT 

(INCENTIVE STOCK OPTION OR NONSTATUTORY STOCK OPTION) 

Pursuant to your Stock Option Grant Notice (“Grant Notice”) and this Stock Option Agreement, Trico Bancshares (the
“Company”) has granted you an option under its 2009 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Common Stock indicated in your Grant Notice at the exercise price indicated in your
Grant Notice. Defined terms not explicitly defined in this Stock Option Agreement but defined in the Plan shall have the same definitions as in the Plan. 

The details of your option are as follows: 

1. VESTING. Subject to the limitations contained herein, your option will vest as provided in your Grant Notice, provided that
vesting will cease upon the termination of your Continuous Service. 
 2. NUMBER OF SHARES AND EXERCISE PRICE. The number of
shares of Common Stock subject to your option and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments. 

3. METHOD OF PAYMENT. Payment of the exercise price is due in full upon exercise of all or any part of your option. You may
elect to make payment of the exercise price in cash or by check or in any other manner permitted by your Grant Notice, which may include one or more of the following: 

(a) Bank draft or money order payable to the Company. 

(b) In the Company’s sole discretion at the time your option is exercised and provided that at the time of exercise the Common
Stock is publicly traded and quoted regularly in The Wall Street Journal, pursuant to a program developed under Regulation T as promulgated by the Federal Reserve Board that, prior to the issuance of Common Stock, results in either the
receipt of cash (or check) by the Company or the receipt of irrevocable instructions to pay the aggregate exercise price to the Company from the sales proceeds (“Cashless Exercise”). 

(c) Provided that at the time of exercise the Common Stock is publicly traded and quoted regularly in The Wall Street Journal, by
delivery of already-owned shares of Common Stock either that you have held for the period required to avoid a charge to the Company’s reported earnings (generally six (6) months) or that you did not acquire, directly or indirectly from the
Company, that are owned free and clear of any liens, claims, encumbrances or security interests, and that are valued at Fair Market Value on the date of exercise. “Delivery” for these purposes, in the sole discretion of the Company at the
time you exercise your option, shall include delivery to the Company of your attestation of ownership of such shares of Common Stock in a form approved by the Company. Notwithstanding the foregoing, you may not exercise your option by tender to the
Company of Common Stock to the extent such tender would violate the provisions of any law, regulation or agreement restricting the redemption of the Company’s stock. 

(d) Provided that at the time of exercise the Company has adopted FAS 123, as revised, by a “net exercise” arrangement
pursuant to which the Company will reduce the number of shares of Common Stock issued upon exercise of your option by the largest whole number of shares with a Fair Market Value that does not exceed the aggregate exercise price; provided,
however, that the Company shall accept a cash or other payment from you to the 

 
extent of any remaining balance of the aggregate exercise price not satisfied by such reduction in the number of whole shares to be issued; provided further, however, that shares of Common
Stock will no longer be outstanding under your option and will not be exercisable thereafter to the extent that (1) shares are used to pay the exercise price pursuant to the “net exercise,” (2) shares are delivered to you as a
result of such exercise, and (3) shares are withheld to satisfy tax withholding obligations. 
 4. WHOLE SHARES. You may
exercise your option only for whole shares of Common Stock. 
 5. SECURITIES LAW COMPLIANCE. Notwithstanding anything to the
contrary contained herein, you may not exercise your option unless the shares of Common Stock issuable upon such exercise are then registered under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has
determined that such exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your option also must comply with other applicable laws and regulations governing your option, and you may not
exercise your option if the Company determines that such exercise would not be in material compliance with such laws and regulations. 

6. TERM. You may not exercise your option before the commencement or after the expiration of its term. The term of your option
commences on the Date of Grant and expires upon the earliest of the following: 
 (a) three (3) months after the termination of
your Continuous Service for any reason other than your Disability or death, provided that if during any part of such three (3) month period your option is not exercisable solely because of the condition set forth in the above section
“Securities Law Compliance,” your option shall not expire until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate period of three (3) months after the termination of your Continuous Service;

 (b) three (3) months after the termination of your Continuous Service due to your Disability; 

(c) three (3) months after your death if you die either during your Continuous Service or within three (3) months after your
Continuous Service terminates; 
 (d) the Expiration Date indicated in your Grant Notice; or 

(e) the day before the tenth (10th) anniversary of the Date of Grant. 

If your option is an Incentive Stock Option, note that to obtain the federal income tax advantages associated with an Incentive Stock Option,
the Code requires that at all times beginning on the date of grant of your option and ending on the day three (3) months before the date of your option’s exercise, you must be an employee of the Company or an Affiliate, except in the event
of your death or Disability. The Company has provided for extended exercisability of your option under certain circumstances for your benefit but cannot guarantee that your option will necessarily be treated as an Incentive Stock Option if you
continue to provide services to the Company or an Affiliate as a Consultant or Director after your employment terminates or if you otherwise exercise your option more than three (3) months after the date your employment with the Company or an
Affiliate terminates. 
 7. EXERCISE. 

(a) You may exercise the vested portion of your option during its term by delivering a Notice of Exercise (in a form designated by the
Company) together with the exercise price to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require. 

(b) By exercising your option you agree that, as a condition to any exercise of your option, the Company may require you to enter into
an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of your option, (2) the lapse of any substantial risk of forfeiture to which the shares
of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. 

 (c) If your option is an Incentive Stock Option, by exercising your option you agree that
you will notify the Company in writing within fifteen (15) days after the date of any disposition of any of the shares of the Common Stock issued upon exercise of your option that occurs within two (2) years after the date of your option
grant or within one (1) year after such shares of Common Stock are transferred upon exercise of your option. 
 8.
TRANSFERABILITY. Your option is not transferable, except by will or by the laws of descent and distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a
form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to exercise your option. 

9. OPTION NOT A SERVICE CONTRACT. Your option is not an employment or service contract, and nothing in your option shall be
deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or of the Company or an Affiliate to continue your employment. In addition, nothing in your option shall obligate the
Company or an Affiliate, their respective shareholders, Boards of Directors, Officers or Employees to continue any relationship that you might have as a Director or Consultant for the Company or an Affiliate. 

10. WITHHOLDING OBLIGATIONS. 

(a) At the time you exercise your option, in whole or in part, or at any time thereafter as requested by the Company, you hereby
authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a program developed under Regulation T as promulgated by
the Federal Reserve Board to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate, if any, which arise in connection with the exercise of
your option. 
 (b) Upon your request and subject to approval by the Company, in its sole discretion, and compliance with any
applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your option a number of whole shares of Common Stock having a Fair Market Value, determined
by the Company as of the date of exercise, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid variable award accounting). If the date of determination of any tax withholding
obligation is deferred to a date later than the date of exercise of your option, share withholding pursuant to the preceding sentence shall not be permitted unless you make a proper and timely election under Section 83(b) of the Code, covering
the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is otherwise deferred, to accelerate the determination of such tax withholding obligation to the date of exercise of your option.
Notwithstanding the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common Stock determined as of the date of exercise of your option that are otherwise issuable to you upon such exercise. Any
adverse consequences to you arising in connection with such share withholding procedure shall be your sole responsibility. 
 (c) You
may not exercise your option unless the tax withholding obligations of the Company and/or any Affiliate are satisfied. Accordingly, you may not be able to exercise your option when desired even though your option is vested, and the Company shall
have no obligation to issue a certificate for such shares of Common Stock or release such shares of Common Stock from any escrow provided for herein unless such obligations are satisfied. 

11. NOTICES. Any notices provided for in your option or the Plan shall be given in writing or shall be delivered electronically,
and shall be deemed effectively given or delivered upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you
provided to the Company. 
 12. GOVERNING PLAN DOCUMENT. Your option is subject to all the provisions of the Plan, the
provisions of which are hereby made a part of your option, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of your option and those of the Plan, the provisions of the Plan shall control. 
 * * * * * 

This Stock Option Agreement shall be deemed to be signed by the Company and the Participant upon the electronic acceptance by the Participant
of the applicable Stock Option Grant Notice. 

 Trico Bancshares 

2009 EQUITY INCENTIVE PLAN 

STOCK APPRECIATION RIGHT AGREEMENT 

Pursuant to your Stock Appreciation Grant Notice (“Grant Notice”) and this Stock Appreciation Right Agreement, Trico Bancshares (the
“Company”) has granted you an stock appreciation right under its 2009 Equity Incentive Plan (the “Plan”) to purchase the number of shares of the Company’s Common Stock indicated in your Grant Notice at the exercise price
indicated in your Grant Notice. Defined terms not explicitly defined in this Stock Appreciation Right Agreement but defined in the Plan shall have the same definitions as in the Plan. 

The details of your stock appreciation right are as follows: 

1. VESTING. Subject to the limitations contained herein, your stock appreciation right will vest as provided in your Grant
Notice, provided that vesting will cease upon the termination of your Continuous Service. 
 2. NUMBER OF SHARES AND EXERCISE
PRICE. The number of shares of Common Stock subject to your stock appreciation right and your exercise price per share referenced in your Grant Notice may be adjusted from time to time for Capitalization Adjustments. 

3. CALCULATION OF APPRECIATION. The appreciation distribution payable on the exercise of a Stock Appreciation Right will be not
greater than an amount equal to the excess of (A) the aggregate Fair Market Value (on the date of the exercise of the Stock Appreciation Right) of a number of shares of Common Stock equal to the number of shares of Common Stock equivalents in
which the Participant is vested under such Stock Appreciation Right, and with respect to which the Participant is exercising the Stock Appreciation Right on such date, over (B) the strike price that will be determined by the Board at the time
of grant of the Stock Appreciation Right. 
 4. WHOLE SHARES. You may exercise your stock appreciation right only for whole
shares of Common Stock. 
 5. SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you may
not exercise your stock appreciation right unless the shares of Common Stock issuable upon such exercise are then registered under the Securities Act or, if such shares of Common Stock are not then so registered, the Company has determined that such
exercise and issuance would be exempt from the registration requirements of the Securities Act. The exercise of your stock appreciation right also must comply with other applicable laws and regulations governing your stock appreciation right, and
you may not exercise your stock appreciation right if the Company determines that such exercise would not be in material compliance with such laws and regulations. 

6. TERM. You may not exercise your stock appreciation right before the commencement or after the expiration of its term. The
term of your stock appreciation right commences on the Date of Grant and expires upon the earliest of the following: 
 (a) three
(3) months after the termination of your Continuous Service for any reason other than your Disability or death, provided that if during any part of such three (3) month period your stock appreciation right is not exercisable solely because
of the condition set forth in the above section “Securities Law Compliance,” your stock appreciation right shall not expire until the earlier of the Expiration Date or until it shall have been exercisable for an aggregate period of three
(3) months after the termination of your Continuous Service; 
 (b) three (3) months after the termination of your
Continuous Service due to your Disability; 
 (c) three (3) months after your death if you die either during your Continuous
Service or within three (3) months after your Continuous Service terminates; 
 (d) the Expiration Date indicated in your Grant
Notice; or 
 (e) the day before the tenth (10th) anniversary of the Date of Grant. 

 7. EXERCISE. 

(a) You may exercise the vested portion of your stock appreciation right during its term by delivering a Notice of Exercise (in a form
designated by the Company) together with this Grant Notice to the Secretary of the Company, or to such other person as the Company may designate, during regular business hours, together with such additional documents as the Company may then require.

 (b) Upon exercising this Stock Appreciation Right, the Participant shall receive an amount equal to the Calculation of Appreciation
for every stock appreciation right exercised. Until Shares are issued in respect of the exercise of this Stock Appreciation Right in accordance with the Plan, the Participant shall not have any of the rights or privileges of a shareholder of the
Company in respect of any of the Shares covered by this Stock Appreciation Right. 
 (c) By exercising your option you agree that, as
a condition to any exercise of your option, the Company may require you to enter into an arrangement providing for the payment by you to the Company of any tax withholding obligation of the Company arising by reason of (1) the exercise of your
option, (2) the lapse of any substantial risk of forfeiture to which the shares of Common Stock are subject at the time of exercise, or (3) the disposition of shares of Common Stock acquired upon such exercise. 

8. TRANSFERABILITY. Your stock appreciation right is not transferable, except by will or by the laws of descent and
distribution, and is exercisable during your life only by you. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall
thereafter be entitled to exercise your stock appreciation right. 
 9. STOCK APPRECIATION RIGHT NOT A SERVICE CONTRACT. Your
stock appreciation right is not an employment or service contract, and nothing in your stock appreciation right shall be deemed to create in any way whatsoever any obligation on your part to continue in the employ of the Company or an Affiliate, or
of the Company or an Affiliate to continue your employment. In addition, nothing in your stock appreciation right shall obligate the Company or an Affiliate, their respective shareholders, Boards of Directors, Officers or Employees to continue any
relationship that you might have as a Director or Consultant for the Company or an Affiliate. 
 10. WITHHOLDING OBLIGATIONS.

 (a) At the time you exercise your stock appreciation right, in whole or in part, or at any time thereafter as requested by the
Company, you hereby authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for (including by means of a “cashless exercise” pursuant to a program developed under Regulation T
as promulgated by the Federal Reserve Board to the extent permitted by the Company), any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the Company or an Affiliate, if any, which arise in connection
with the exercise of your stock appreciation right. 
 (b) Upon your request and subject to approval by the Company, in its sole
discretion, and compliance with any applicable legal conditions or restrictions, the Company may withhold from fully vested shares of Common Stock otherwise issuable to you upon the exercise of your stock appreciation right a number of whole shares
of Common Stock having a Fair Market Value, determined by the Company as of the date of exercise, not in excess of the minimum amount of tax required to be withheld by law (or such lower amount as may be necessary to avoid variable award
accounting). If the date of determination of any tax withholding obligation is deferred to a date later than the date of exercise of your stock appreciation right, share withholding pursuant to the preceding sentence shall not be permitted unless
you make a proper and timely election under Section 83(b) of the Code, covering the aggregate number of shares of Common Stock acquired upon such exercise with respect to which such determination is otherwise deferred, to accelerate the
determination of such tax withholding obligation to the date of exercise of your stock appreciation right. Notwithstanding the filing of such election, shares of Common Stock shall be withheld solely from fully vested shares of Common Stock
determined as of the date of exercise of your stock appreciation right that are otherwise issuable to you upon such exercise. Any adverse consequences to you arising in connection with such share withholding procedure shall be your sole
responsibility. 

 (c) You may not exercise your stock appreciation right unless the tax withholding
obligations of the Company and/or any Affiliate are satisfied. Accordingly, you may not be able to exercise your stock appreciation right when desired even though your stock appreciation right is vested, and the Company shall have no obligation to
issue a certificate for such shares of Common Stock or release such shares of Common Stock from any escrow provided for herein unless such obligations are satisfied. 

11. NOTICES. Any notices provided for in your stock appreciation right or the Plan shall be given in writing or shall be
delivered electronically, and shall be deemed effectively given or delivered upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to
you at the last address you provided to the Company. 
 12. GOVERNING PLAN DOCUMENT. Your stock appreciation right is subject
to all the provisions of the Plan, the provisions of which are hereby made a part of your stock appreciation right, and is further subject to all interpretations, amendments, rules and regulations, which may from time to time be promulgated and
adopted pursuant to the Plan. In the event of any conflict between the provisions of your stock appreciation right and those of the Plan, the provisions of the Plan shall control. 

* * * * * 
 This Stock
Appreciation Right Agreement shall be deemed to be signed by the Company and the Participant upon the electronic acceptance by the Participant of the applicable Stock Appreciation Grant Notice. 

 Trico Bancshares 

2009 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Pursuant to the Restricted Stock Unit Award Grant Notice (“Grant Notice”) and this Restricted Stock Unit Award
Agreement (“Award Agreement”), Trico Bancshares (the “Company”) has awarded you a Restricted Stock Unit Award under its 2009 Equity Incentive Plan (the “Plan”) for the number of
restricted stock units (“Restricted Stock Units”) as indicated in the Grant Notice (collectively, the “Award”). Except where indicated otherwise, defined terms not explicitly defined in this Award
Agreement but defined in the Plan shall have the same definitions as in the Plan. 
 The details of your Award are as follows: 

1. NUMBER OF RESTRICTED STOCK UNITS AND SHARES OF COMMON STOCK. The number of Restricted Stock Units subject to your Award is set
forth in the Grant Notice. Each Restricted Stock Unit shall represent the right to receive one (1) share of Common Stock. The number of Restricted Stock Units subject to your Award and the number of shares of Common Stock deliverable with
respect to such Restricted Stock Units may be adjusted from time to time for capitalization adjustments as described in Section 11(a) of the Plan. 

2. VESTING. The Restricted Stock Units shall vest, if at all, as provided in the vesting schedule set forth in your Grant
Notice; provided, however, that vesting shall cease upon the termination of your Continuous Service. 
 3. DIVIDENDS.
You will be entitled to receive payments equal to any cash dividends and other distributions paid with respect to a corresponding number of shares subject to your Award, provided that any such dividends or distributions will be converted into
additional shares covered by the Award (on the basis of the Fair Market Value of shares of Common Stock at the time of such dividend payment or other distribution), and further provided that such additional shares will be subject to the same
forfeiture restrictions, restrictions on transferability, and time and manner of delivery as apply to the other Restricted Stock Units and Common Stock subject to your Award. 

4. PAYMENT. This Award was granted in consideration of your services to the Company. Subject to Section 10 below, you will
not be required to make any payment to the Company (other than your past and future services with the Company) with respect to your receipt of the Award, vesting of the Restricted Stock Units, or the delivery of the shares of Common Stock subject to
the Restricted Stock Units. 
 5. DELIVERY OF SHARES. Subject to Section 10 below, your vested Restricted Stock Units
shall be converted into shares of Common Stock, and the Company will deliver to you a number of shares of the Company’s Common Stock equal to the number of vested shares subject to your Award, on the applicable vesting date or as soon as
practicable thereafter. The form of delivery (e.g., a stock certificate or electronic entry evidencing such shares) shall be determined by the Company. 

6. SECURITIES LAW COMPLIANCE. Notwithstanding anything to the contrary contained herein, you will not be issued any shares of
Common Stock under your Award unless either (a) such shares are then registered under the Securities Act or (b) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. Your
Award also must comply with other applicable laws and regulations governing the Award, and you will not receive any shares of Common Stock under your Award if the Company determines that such receipt would not be in material compliance with such
laws and regulations. 
 7. TRANSFER RESTRICTIONS. Prior to the time that the shares of Common Stock subject to your Award
have been delivered to you, you may not transfer, pledge, sell or otherwise dispose of such shares. For example, you may not use shares of Common Stock that may be issued in respect of your Restricted Stock Units as security for a loan, nor may you
transfer, pledge, sell or otherwise dispose of such shares. This restriction on transfer will lapse upon delivery to you of shares of Common Stock in respect of your vested Restricted Stock Units. Your Award is not transferable, except by will or by
the laws of descent and distribution. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to
receive any distribution of shares of Common Stock in respect of vested Restricted Stock Units pursuant to this Agreement. 

 8. AWARD NOT A SERVICE CONTRACT. Your Award is not an employment or service
contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or any Affiliate, or on the part of the Company or any Affiliate to continue such service. In
addition, nothing in your Award shall obligate the Company or any Affiliate, their respective shareholders, boards of directors or employees to continue any relationship that you might have as an Employee or Consultant of the Company or any
Affiliate. 
 9. UNSECURED OBLIGATION. Your Award is unfunded, and even as a holder of vested Restricted Stock Units, you
shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to distribute shares of Common Stock pursuant to this Agreement. You shall not have voting or any other rights as a shareholder of the
Company with respect to the Common Stock acquired pursuant to this Agreement until such Common Stock is issued to you. Nothing contained in this Agreement, and no action taken pursuant to its provisions, shall create or be construed to create a
trust of any kind or a fiduciary relationship between you and the Company or any other person. 
 10. WITHHOLDING OBLIGATIONS. 

(a) At the time you receive a distribution of shares of Common Stock pursuant to your Award, or at any time thereafter as requested by
the Company, you hereby authorize withholding from payroll and any other amounts payable to you, and otherwise agree to make adequate provision for any sums required to satisfy the federal, state, local and foreign tax withholding obligations of the
Company or an Affiliate, if any, which arise in connection with such distribution. 
 (b) You may elect to satisfy the tax withholding
obligations of the Company and/or any Affiliate by tendering a cash payment prior to the date determined by the Company and/or any Affiliate. In the event that you do not elect to make such a cash payment, (i) the Company shall withhold from
fully vested shares of Common Stock otherwise issuable to you pursuant to your Award a number of whole shares of Common Stock having a Fair Market Value, determined by the Company as of the date of distribution, not in excess of the minimum amount
of tax required to be withheld by law (or such lesser amount as may be necessary to avoid variable award accounting), in compliance with any applicable legal conditions or restrictions, and (ii) any remaining amount of the tax withholding
obligations of the Company and/or any Affiliate shall be considered and reported as an additional payment from the Company and/or any Affiliate to you. 

(c) Unless the tax withholding obligations of the Company and/or any Affiliate thereof are satisfied, the Company shall have no
obligation to deliver to you any shares of Common Stock pursuant to your Award. 
 11. NOTICES. Any notices provided for in
your Award or the Plan shall be given in writing or shall be delivered electronically, and shall be deemed effectively given or delivered upon receipt or, in the case of notices delivered by mail by the Company to you, five (5) days after
deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 
 12.
MISCELLANEOUS. 
 (a) The rights and obligations of the Company with respect to your Award 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. 

(b) You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the
Company to carry out the purposes or intent of your Award. 

 (c) You acknowledge and agree that you have reviewed your Award in its entirety, have had
an opportunity to obtain the advice of counsel prior to executing and/or accepting your Award and fully understand all provisions of your Award. 

(d) This Agreement will be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or
national securities exchanges as may be required. 
 (e) All obligations of the Company under the Plan and this Agreement will be
binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

13. HEADINGS. The headings of the Sections in this Agreement are inserted for convenience only and shall not be deemed to
constitute a part of this Agreement or to affect the meaning of this Agreement. 
 14. SEVERABILITY. If all or any part of
this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid. Any
Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while
remaining lawful and valid. 
 15. GOVERNING PLAN DOCUMENT. Your Award is subject to all the provisions of the Plan, the
provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of your Award and those of the Plan, the provisions of the Plan shall control. 
 * * * * * 

This Restricted Stock Unit Award Agreement shall be deemed to be signed by the Company and the Participant upon the electronic acceptance by
the Participant of the applicable Restricted Stock Unit Grant Notice. 

 Trico Bancshares 

2009 EQUITY INCENTIVE PLAN 

PERFORMANCE SHARE AWARD AGREEMENT 

Pursuant to the Target Award Grant Notice (“Grant Notice”) and this Performance Share Award Agreement
(“Agreement”) (collectively, the “Award”), Trico Bancshares (the “Company”) has awarded you, pursuant to its Performance Share Award Program (the
“Program”) under its Equity Incentive Plan (the “Plan”), the number of shares of the Company’s Common Stock as indicated in the Grant Notice, provided that (i) the Performance Goals specified
in Exhibit A to the Program are met during the Performance Period beginning on
                        ,
                 and ending on
                        ,
                 and (ii) you remain continuously employed by the Company during the entire Performance Period. Defined terms not
explicitly defined in this Agreement but defined in the Plan shall have the same definitions as in the Plan or Program document. 
 The
details of your Award are as follows. 
 1. ENTITLEMENT TO SHARES. Subject to the limitations contained herein, you shall be entitled
to receive a percentage of the shares of Common Stock specified in your Grant Notice if (i) a specified target level of certain Performance Goals is met during the applicable Performance Period and (ii) you remain continuously employed by
the Company during the entire Performance Period. If the level of Performance Goals that is met during the Performance Period is less than or exceeds the specified target level, you will be awarded a pro-rata
percentage of shares specified in your Grant Notice; provided, however, that (i) if a specified threshold level of Performance Goals is not met during the Performance Period, you will not receive any shares, and (ii) the maximum
number of shares that you may receive will be 200% of the shares specified in your Grant Notice. The applicable threshold, target, and maximum award levels for the applicable Performance Period are set forth in Exhibit A to the Program. 

2. DIVIDENDS. Prior to your receipt of any shares subject to your Award, you shall not receive any payment or other adjustment
in the number of shares subject to your Award for dividends or other distributions that may be made in respect of the shares of Common Stock to which your Award relates. 

3. DISTRIBUTION OF SHARES. Provided that you become entitled to the shares of Common Stock subject to your Award in accordance with
Section 1 of this Agreement, the Company will distribute such shares to you within thirty (30) days following the completion of an independent audit and certification by the Committee, as described in Section 4(a) of the Program;
provided, however, that in the event that the Company determines that you are subject to its Policy Against Trading on the Basis of Inside Information and any shares of Common Stock in respect of your Award are scheduled to be delivered on a
day (the “Original Distribution Date”) that does not occur during a “window period” applicable to you, as determined by the Company in accordance with such policy, then such shares shall not be delivered on such
Original Distribution Date and shall instead be delivered as soon as practicable within the next “window period” applicable to you pursuant to such policy; and provided further, that if you elect to defer issuance of the shares of
Common Stock as provided in Section 4 of this Agreement, the shares of Common Stock shall be issued as set forth in your Deferral Election Form. 

4. DEFERRAL ELECTION. You may elect to defer issuance of the shares of Common Stock that would otherwise be issued by virtue of the
vesting of your Award as set forth in the Grant Notice. If such deferral election is made, it shall be made in accordance with the following requirements: 

(a) No deferral period shall exceed five (5) years from the original vesting date of the Award; and 

(b) You must complete and submit a Deferral Election Form (in substantially the form attached to the Grant Notice) to the Company
by                        ,
                . 
 5.
ADJUSTMENTS. The number of shares of Common Stock subject to your Award may be adjusted from time to time for capitalization adjustments, as provided in Section 11(a) of the Plan. In addition, the Committee is authorized to make certain
adjustments in the method of calculating the attainment of Performance Goals, as provided in Section 2(ff) of the Plan. 

 6. SECURITIES LAW COMPLIANCE. You may not be issued any shares of Common Stock under your
Award unless the shares are either (i) then registered under the Securities Act or (ii) the Company has determined that such issuance would be exempt from the registration requirements of the Securities Act. Your Award must also comply
with other applicable laws and regulations governing the Award, and you shall not receive such shares if the Company determines that such receipt would not be in material compliance with such laws and regulations. 

7. RESTRICTIVE LEGENDS. The shares of Common Stock issued under your Award shall be endorsed with appropriate legends, if any,
determined by the Company. 
 8. TRANSFERABILITY. Your Award is not transferable, except by will or by the laws of descent and
distribution. Notwithstanding the foregoing, by delivering written notice to the Company, in a form satisfactory to the Company, you may designate a third party who, in the event of your death, shall thereafter be entitled to receive any
distribution of shares of Common Stock pursuant to Section 3 of this Agreement. 
 9. AWARD NOT A SERVICE CONTRACT. Your Award
is not an employment or service contract, and nothing in your Award shall be deemed to create in any way whatsoever any obligation on your part to continue in the service of the Company or an Affiliate, or on the part of the Company or an Affiliate
to continue such service. In addition, nothing in your Award shall obligate the Company or an Affiliate, their respective shareholders, boards of directors, Officers or Employees to continue any relationship that you might have as an Employee,
Director or Consultant for the Company or an Affiliate. 
 10. UNSECURED OBLIGATION. Your Award is unfunded, and as the holder of an
Award, you shall be considered an unsecured creditor of the Company with respect to the Company’s obligation, if any, to issue shares of Common Stock pursuant to Section 3 of this Agreement. 

11. WITHHOLDING OBLIGATIONS. 

(a) At the time you receive a distribution of shares of Common Stock pursuant to your Award, or at any time thereafter as requested by
the Company, you hereby authorize any required withholding from payroll and any other amounts payable to you and otherwise agree to make adequate provision for any sums required to satisfy the federal, state, local and foreign tax withholding
obligations of the Company or an Affiliate, if any, which arise in connection with your Award. 
 (b) Unless the tax withholding
obligations of the Company and/or any Affiliate are satisfied, the Company shall have no obligation to issue a certificate for such shares. 

12. NOTICES. Any notices provided for in your Award or the Plan shall be given in writing and shall be deemed effectively given upon
receipt or, in the case of notices delivered by the Company to you, five (5) days after deposit in the United States mail, postage prepaid, addressed to you at the last address you provided to the Company. 

13. HEADINGS. The headings of the Sections in this Agreement are inserted for convenience only and shall not be deemed to constitute a
part of this Agreement or to affect the meaning of this Agreement. 
 14. AMENDMENT. Nothing in this Agreement shall restrict the
Company’s ability to exercise its discretionary authority pursuant to Section 3 of the Plan; provided, however, that no such action may, without your consent, adversely affect your rights under your Award and this Agreement. 

15. MISCELLANEOUS. 

(a) The rights and obligations of the Company under your Award 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. 
 (b)
You agree upon request to execute any further documents or instruments necessary or desirable in the sole determination of the Company to carry out the purposes or intent of your Award. 

(c) You acknowledge and agree that you have reviewed your Award in its entirety, have had an opportunity to obtain the advice of counsel
prior to executing and accepting your Award and fully understand all provisions of your Award. 

 16. GOVERNING PLAN DOCUMENT. Your Award is subject to all the provisions of the Plan, the
provisions of which are hereby made a part of your Award, and is further subject to all interpretations, amendments, rules and regulations which may from time to time be promulgated and adopted pursuant to the Plan. In the event of any conflict
between the provisions of your Award and those of the Plan, the provisions of the Plan shall control. 
 17. CHOICE OF LAW. The
interpretation, performance and enforcement of this Agreement shall be governed by the law of the state of California without regard to such state’s conflicts of laws rules. 

 TRICO BANCSHARES 

NOTICE OF GRANT OF STOCK OPTION 
 The
Participant has been granted an option (the “Option”) to purchase certain shares of Stock of Trico Bancshares pursuant to the Trico Bancshares 2009 Equity Incentive Plan (the
“Plan”), as follows: 
  

					
	Participant:	 	 	  	Employee
ID:                                        
        
			
	Date of Grant:	 	 	  	
			
	Number of Option Shares:	 	 	  	
			
	Exercise Price Per Share:	 	$	  	
			
	Vesting Commencement Date:	 	 	  	
			
	Option Expiration Date:	 	The tenth anniversary of the Date of Grant.	  	
			
	Tax Status of Option:	 	Nonstatutory Stock Option	  	
		
	Vested Shares:	 	Except as provided in the Stock Option Agreement and provided the Participant’s Service has not terminated prior to the applicable date, the number of Vested Shares (disregarding any resulting fractional share)
as of any date is determined by multiplying the Number of Option Shares by the “Vested Ratio” determined as of such date as follows:

  

							
	 	 	 	  	Vested Ratio	 
		 	 Prior to first anniversary of Vesting Commencement Date
	  	 	0	 
			
		 	 On first anniversary of Vesting Commencement Date (the “Initial
Vesting Date”)
	  	 	1/4	 
			
		 	 Plus
	  			
			
		 	 For each additional full month of Participant’s Service from Initial Vesting Date until the
Vested Ratio equals 1/1, an additional
	  	 	1/48	 

 By their signatures below, the Company and the Participant agree that the Option is governed by this Grant Notice and by the
provisions of the Plan and the Stock Option Agreement, both of which are attached to and made a part of this document. The Participant acknowledges receipt of copies of the Plan and the Stock Option Agreement, represents that the Participant has
read and is familiar with their provisions, and hereby accepts the Option subject to all of their terms and conditions. 
  

					
	TRICO BANCSHARES	 		  	PARTICIPANT
			
	By:                                     
                                         
                      	 	            	  	                                     
                                         
                      
			
		 		  	Signature
	Its:                                     
                                         
                      	 		  	                                     
                                         
                      
			
		 		  	Date

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