Document:

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Exhibit
10.1

DEL MONTE FOODS COMPANY

PERFORMANCE SHARES

AGREEMENT

     This Performance Shares Agreement (the “Agreement”) contains the terms and conditions under
which the Compensation Committee of the Board (the “Committee”), on behalf of Del Monte Foods
Company (the “Company”), has granted to you, [EMPLOYEE NAME] (the “Participant”), as of
[Month 00, 0000] (the “Grant Date”), and pursuant to the Del Monte Foods Company 2002 Stock
Incentive Plan (the “Plan”), units representing the Common Stock of the Company known as
“Performance Shares,” in order to encourage you to continue to contribute to the Company’s growth
and success.

     1. Grant of Performance Shares. The Performance Shares award consists of a maximum
award of 000,000 units (with a target award of 000,000 units) representing shares
of the Common Stock of the Company, which the Company has granted to the Participant as of the date
hereof as a separate incentive in connection with his or her service to the Company and not in lieu
of any salary or other compensation for his or her services. The Performance Shares also shall
include any new, additional, or different securities or units representing such securities the
Participant may become entitled to receive with respect to such Performance Shares by virtue of any
increase or decrease in the number of issued shares of Common Stock resulting from a subdivision or
consolidation of shares of Common Stock, or the payment of a stock dividend (but only on shares of
Common Stock), or any other increase or decrease in the number of such shares effected without
receipt or payment of consideration by the Company, or any change in the capitalization of the
Company pursuant to Section 10(b) of the Plan, or by virtue of any Change of Control or other
transaction pursuant to Section 10(c) of the Plan. The Performance Shares shall be subject to the
Restrictions pursuant to Section 3 of this Agreement.

     2. Participant’s Account; Certain Rights in Respect of Performance Shares.

          (a) The Performance Shares granted to the Participant shall be entered into an account in the
Participant’s name. This account shall be a bookkeeping entry only and shall be utilized solely as
a device for the measurement and determination of the number of shares of Common Stock to be paid
to or in respect of the Participant pursuant to this Agreement.

          (b) During the period before the release of the Restrictions on the Performance Shares as
provided in Section 4, the Participant shall have no voting rights in respect of the Performance
Shares.

          (c) As set forth in Section 5 below, stock equivalent units held in the Participant’s account
pursuant to Section 5 shall accrue dividend equivalents that will be credited in the form of
additional stock equivalent units, based on the Fair Market Value of Common Stock on the date the
dividend is issued.

     3. Restrictions. Prior to their release from the Restrictions as set forth in Section
4 below, all Performance Shares held for or in respect of the Participant, and the shares of Common
Stock that such Performance Shares represent, may not be assigned, transferred, or otherwise
encumbered or disposed of by the Participant.

 

 

     4. Release of Performance Shares from Restrictions.

          (a) Subject to the provisions of this Section 4, the Restrictions shall cease to apply to the
Performance Shares granted under this Agreement or the Performance Shares shall be forfeited upon
the first day after the Company files its annual report on Form 10-K for the last fiscal year in
the performance period defined below in Section 4(b), or shall vest in their entirety upon the
earlier occurrence of a Change of Control. Upon the release of the Performance Shares from the
Restrictions (except if receipt of the Performance Shares is deferred as provided in Section 5),
the Participant shall be paid the value of his or her account in the form of Common Stock. No
fractional shares of Common Stock will be issued. If the calculation of the number of shares of
Common Stock to be issued results in fractional shares, then the number of shares of Common Stock
will be rounded up to the nearest whole share of Common Stock.

          (b) The Committee, in its sole discretion, has established target performance goals based on
the Company’s Relative Total Shareholder Return (“RTSR Targets”), which will be measured over a
three (3)-fiscal year “performance period” commencing on [Date] through [Date]. The Committee, in
its sole discretion, shall define a peer group of companies (the “Comparator Group”), either within
or without the Company’s industry, against which the Company’s Total Shareholder Return will be
compared to determine Relative Total Shareholder Return (“RTSR”). The Comparator Group shall be
identified as soon as practicable on or after the date of this Agreement (but in no event later
than 90 days after the beginning of the performance period). The Comparator Group, the RTSR
Targets or the Performance Shares award may be adjusted by the Committee from time to time, in its
sole discretion, to the extent necessary in order to reflect a change in corporate capitalization,
such as a stock split or dividend, or a corporate transaction, such as any merger, consolidation,
separation (including a spinoff or other distribution of stock or property by the Company),
reorganization, or any partial or complete liquidation by the Company, as provided by Sections
10(b) or 10(c) of the Plan, to take account of events such as mergers, consolidations,
dispositions, separations (including any spinoffs or other distributions of stock or property),
reorganizations, bankruptcies, any partial or complete liquidations, changes in corporate
capitalization (such as stock splits or dividends) and other significant business changes affecting
any member of the Comparator Group, or to take account of any other items described in Section 9(b)
of the Plan; provided, however, that to the extent that any such adjustments affect awards to
“covered employees” (as such term is defined in Section 162(m) of the Code), they shall be
prescribed in a manner that strives to meet the requirements of Section 162(m) of the Code. Any
adjustment to the RTSR calculation to account for changes in the Comparator Group, including
changes in the capitalization of Comparator Group companies (due to stock splits, mergers,
spin-offs, etc. of the Comparator Group companies), will be made at the sole discretion of the
Committee.

Based on the Company’s level of achievement of the RTSR Targets, the Restrictions shall cease to
apply to the Performance Shares or the Performance Shares shall be forfeited, according to the
following matrix:

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Vesting of Performance Shares based on Achievement of RTSR Targets

	 	 	 
	Relative Total Shareholder Return:	 	 
	Company Performance	 	Percentage of
	Percentile	 	Target Award Vested
	>75th Percentile
	 	     150 %
	>68.75, but <75
	 	125
	>62.5, but <68.75
	 	100
	>56.5, but <62.5
	 	   75
	>50, but <56.5
	 	   50
	<50
	 	    0

The Committee shall have sole discretion to determine which RTSR Target has been achieved (if any)
and whether the Restrictions shall be released from any or all of the Performance Shares. The
Committee’s determinations pursuant to the exercise of discretion with respect to all matters
described in this paragraph shall be final and binding on the Participant.

          (c) Upon the termination of the Participant’s employment by reason of Disability or death, the
Performance Shares held by such Participant or his or her designated beneficiary (as applicable)
shall continue to vest at the time and in the amounts (if any) set forth pursuant to paragraph (a)
of this Section 4, and Common Stock that is distributed on account of Performance Shares that
become vested (if any) shall be distributed to the Participant or his or her designated beneficiary
(as applicable) subject to Section 6, below.

          (d) Upon the termination of the Participant’s employment by reason of Retirement, the
Performance Shares shall cease to apply on a pro-rata basis pursuant to the Company’s pro-rata
vesting policy in effect at the time of Retirement; provided further, that in
the case of Retirement, the maximum number of Performance Shares that may vest shall be that

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number, if any, that would have vested as set forth in Section 4(b) above following the
Participant’s Retirement on the basis of the degree to which the RTSR Target has been achieved.

          (e) Upon the termination of the Participant’s employment for any reason other than Disability,
death or Retirement, the Performance Shares shall be forfeited by the Participant to the Company;
provided that, for Participants (i) covered under the Executive Severance Policy or (ii) who are
parties to an employment agreement with the Company or a Subsidiary of the Company, in the case of
termination of employment without Cause or resignation for Good Reason (as defined in the
applicable employment agreement), these Performance Shares will be treated under such policy or
employment agreement; provided further, that in the case of either (i) or (ii) above, the maximum
number of Performance Shares that may vest shall be that pro-rated number, if any, that would have
vested as set forth in Section 4(b) above following such termination on the basis of the degree to
which the RTSR Target has been achieved.

     5. Deferral. The Committee has the right to determine, in its sole discretion,
whether and in what manner Participants shall be permitted to elect to defer the receipt of a
distribution of Common Stock in respect of the Performance Shares under a deferral plan of the
Company, in which case, after the Restrictions are released, the Performance Shares would remain as
stock equivalent units in the Participant’s account. Stock equivalent units held in the
Participant’s account pursuant to this Section 5 shall accrue dividend equivalents that will be
credited in the form of additional stock equivalent units to the Participant’s account, based on
the Fair Market Value of Common Stock on the date the dividend is issued. At the end of the
deferral period, all stock equivalent units will be converted and distributed to the Participant in
the form of Common Stock. No fractional shares of Common Stock will be issued. If the calculation
of the number of shares of Common Stock to be issued results in fractional shares, then the number
of shares of Common Stock will be rounded up to the nearest whole share of Common Stock.

     6. Designation of Beneficiary. The Participant may designate a beneficiary or
beneficiaries to whom, along with all other grants or awards made to the Participant under the
Plan, unvested Performance Shares or Common Stock that is distributed on account of Performance
Shares that become vested following the Participant’s death shall be transferred. A Participant
shall designate his or her beneficiary by executing the “2002 Stock Incentive Plan Beneficiary
Designation and Spousal Consent Form” and returning it to the Corporate Secretary. Any form so
submitted shall replace, in respect of all grants or awards made to the Participant under the Plan,
any previous version of the same form the Participant may have submitted to the Corporate
Secretary. A Participant shall have the right to change his or her beneficiary from time to time
by executing a subsequent “2002 Stock Incentive Plan Beneficiary Designation and Spousal Consent
Form” and otherwise complying with the terms of such form and the Committee’s rules and procedures,
as in effect from time to time. The Committee shall be entitled to rely on the last “2002 Stock
Incentive Plan Beneficiary Designation and Spousal Consent Form” submitted by the Participant, and
accepted by the Corporate Secretary, prior to such Participant’s death. In the absence of such
designation of beneficiary, unvested Performance Shares or Common Stock that is distributed on
account of Performance Shares that become vested following the Participant’s death will be
transferred to the Participant’s surviving spouse, or if none, to the Participant’s estate. If the
Committee has any doubt as to the proper

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beneficiary, the Committee shall have the right, exercisable in its sole discretion, to
withhold such payments until this matter is resolved to the Committee’s satisfaction.

     7. Taxes. The Company may, in its discretion, make such provisions and take such
steps as it may deem necessary or appropriate for the withholding of all federal, state, local and
other taxes required by law to be withheld with respect to the vesting of any Performance Shares or
the distribution of Common Stock on account of the vesting of any Performance Shares, including,
but not limited to, withholding shares of Common Stock granted under this Agreement equal in value
to such withholding taxes, deducting the amount of such withholding taxes from any other amount
then or thereafter payable to the Participant, or requiring the Participant or the beneficiary or
legal representative of the Participant to pay in cash to the Company the amount required to be
withheld or to execute such documents as the Company deems necessary or desirable to enable it to
satisfy its withholding obligations.

     8. No Special Rights; No Right to Future Awards. Nothing contained in this Agreement
shall confer upon any Participant any right with respect to the continuation of his or her service
with the Company, or any right to receive any other grant, bonus, or other award.

     9. Address for Notices. Any notice to be given to the Company under the terms of this
Agreement shall be addressed to the Company, in care of its Corporate Secretary, at One Market @
the Landmark, San Francisco, CA 94105, or at such other address as the Company may hereafter
designate in writing.

     10. Other Benefits. The benefits provided to the Participant pursuant to this
Agreement are in addition to any other benefits available to such Participant under any other plan
or program of the Company. The Agreement shall supplement and shall not supersede, modify, or
amend any other such plan or program except as may otherwise be expressly provided.

     11. Plan Governs. This Agreement is subject to all of the terms and provisions of the
Plan. In the event of a conflict between one or more provisions of this Agreement and one or more
provisions of the Plan, the provisions of the Plan shall govern. Capitalized terms and phrases
used and not defined in this Agreement shall have the meaning set forth in the Plan.

     12. Governing Law. This Agreement shall be governed by and construed in accordance
with the laws of the State of California, without reference to its principles of conflicts of laws.

     13. Committee Authority. The Committee shall have all discretion, power, and
authority to interpret the Plan and this Agreement and to adopt such rules for the administration,
interpretation, and application of the Plan as are consistent therewith. All actions taken and all
interpretations and determinations made by the Committee in good faith shall be final and binding
upon the Participant, the Company, and all other interested persons, and shall be given the maximum
deference permitted by law. No member of the Committee shall be personally liable for any action,
determination, or interpretation made in good faith with respect to the Plan or this Agreement.

     14. Captions. The captions provided herein are for convenience only and are not to
serve as a basis for the interpretation or construction of this Agreement.

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     15. Agreement Severable. In the event that any provision in this Agreement shall be
held invalid or unenforceable, such provision shall be severable from, and such invalidity or
unenforceability shall not be construed to have any effect on, the remaining provisions of this
Agreement.

     16. Definitions. For purposes of this Agreement, words and phrases bearing initial
capital letters shall have the meanings assigned in the Plan, and the following words and phrases
shall have the following meanings unless a different meaning is plainly required by the context:

          (a) “Restrictions” means those restrictions on the Performance Shares set forth in
Section 3.

          (b) “Relative Total Shareholder Return” means the percentile ranking for the Company’s
Total Shareholder Return (TSR) as compared to the TSR of the companies in the Comparator Group.

          (c) “Total Shareholder Return” means, for the stock of the Company or any stock of a
Comparator Group company, the number determined by (1) subtracting the average of the closing
prices or, for days on which no trading occurred, the last bid prices for each business day during
a specified calendar month on the stock’s principal exchange or national over-the-counter market
quotation system (the “Average Closing Price”) from the sum of (x) the Average Closing Price of
that stock for a subsequent specified calendar month (adjusted for stock splits, recapitalizations,
or similar events) and (y) all dividends paid between the first day of the first specified month
and the last day of the second specified calendar month and (2) dividing the result obtained in
step (1) by the Average Closing Price for the first specified calendar month.

	 	 	 	 	 
	DEL MONTE FOODS COMPANY	 	PARTICIPANT
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 
	 	 
	Title:

	 	Vice President, Human Resources
	 	EMPLOYEE NAME

6exv10w1

 

EXHIBIT 10.1

CHANGE IN CONTROL AGREEMENT

     This AGREEMENT is made effective as of                      by and among United Commercial Bank
(the “Bank”), a California bank, with its principal administrative office at 555 Montgomery Street,
San Francisco, California 94111, UCBH Holdings, Inc. (the “Holding Company”), a corporation
organized under the laws of the State of Delaware which is the holding company of the Bank (any
reference to the Company shall be deemed to include the Holding Company and the Bank) and
                     (“Executive”).

     In consideration of the contribution and responsibilities of Executive, and upon the other
terms and conditions hereinafter provided, the parties hereto agree as follows:

1. TERM OF AGREEMENT.

     The period of this Agreement shall be deemed to have commenced as of the date first above
written and shall continue for a period of thirty-six (36) full calendar months thereafter.
Commencing on the first anniversary date of this Agreement and continuing at each anniversary date
thereafter, the board of directors of the Company (the “Board”) may extend the Agreement for an
additional year. The Board will review the Agreement and Executive’s performance annually for
purposes of determining, within its sole discretion, whether to extend this Agreement, and the
results thereof shall be included in the minutes of the Board’s meeting.

2. CHANGE IN CONTROL.

     (a) For purposes of this Agreement, a “Change in Control” of the Company shall mean an event
or series of event of a nature that at such time: (i) any “person” (as the term is used in
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) is or becomes the
“beneficial owner” (as determined under Rule 13d of such Act), directly or indirectly, of voting
securities of the Bank or the Holding Company representing fifty percent (50%) or more of the
Bank’s or the Holding Company’s outstanding voting securities or right to acquire such securities
except for any voting securities of the Bank purchased by the Holding Company and any voting
securities purchased by any employee benefit plan of the Bank or the Holding Company, or (ii) a
plan of reorganization, merger, consolidation, sale of all or substantially all the assets of the
Bank or the Holding Company or similar transaction occurs in which the Bank or the Holding Company
is not the resulting entity.

     (b) If a Change in Control has occurred pursuant to Section 2(a), Executive shall be entitled
to the benefits provided in paragraph (c) of this Section 2 upon his subsequent termination of
regular employment within thirty-six (36) months following the Change in Control due to: (i)
termination of Executive’s employment (other than Termination for Cause as defined below) or (ii)
Executive resigns following any material adverse change in or loss of title, office or significant
authority or responsibility, material reduction in base salary or benefits (excluding bonus) or
relocation of his principal place of employment by more than 25 miles from its location at the time
of the Change in Control (“Change of Duties”). No benefits shall be provided to the Executive
pursuant to this Agreement if the Executive is terminated for reasons other than those specified in
this paragraph 2(b).

     (c) Upon Executive’s entitlement to benefits pursuant to Section 2(b), (i) the Company shall
pay Executive, or in the event of his subsequent death or disability, his beneficiaries, his estate
or other representative, as the case may be, a sum equal to three (3) times the highest annual
compensation (defined as base salary and bonus) due to the Executive for the last three years
immediately preceding the Change in Control or such lesser number of years in the event that
Executive shall been employed by the Company for less than three years, less all required and
applicable withholding; and (ii) any unvested stock options and

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related rights and unvested awards granted to Executive under any stock option and similar
plans shall immediately vest and shall be exercisable within one (1) year. Within ten (10) days of
Executive’s entitlement of benefits pursuant to Section 2(b), the Executive can elect to receive a
lump sum payment for the compensation benefits set forth in subsection (c)(i) above. In the event
that no election is made, payment to Executive shall be made on a monthly basis over a period of
thirty-six (36) months.

     (d) Upon the occurrence of a Change in Control followed by Executive’s termination of
employment or resignation (other than Termination for Cause as defined below), the Company and its
successors or assigns shall cause to be continued life, medical and disability coverage
substantially identical to the coverage maintained by the Company for the Executive prior to
Executive’s termination or resignation. Such coverage and payments shall cease upon the expiration
of thirty-six (36) full calendar months from the date of termination or resignation.

     (e) As used in this Section 2, the term “Termination for Cause” shall mean termination because
of an act or acts of gross misconduct, willful neglect of duties or conviction of a felony or
equivalent violation of law or any other act or failure to act that materially damages the
reputation of the Company as determined by the Board in its sole discretion after a good faith
investigation. For the purposes of this Section, no act, or the failure to act, on Executive’s
part shall be “willful” unless done, or omitted to be done, without reasonable belief that the
action or omission was in the best interests of the Company or its affiliates. Notwithstanding the
foregoing, Executive shall not be deemed to have been Terminated for Cause unless and until there
shall have been delivered to him a Notice of Termination which shall include a copy of a resolution
duly adopted by the affirmative vote of not less than seventy five percent (75%) of the members of
the Board at a meeting of the Board called and held for that purpose, finding that in the good
faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and
specifying the relevant facts supporting the Termination for Cause. Executive shall not have the
right to receive compensation or other benefits for any period after the Date of Termination. The
Date of Termination shall be the date on which the Notice of Termination is delivered to Executive
or, in the event the Company is unable to reasonably locate Executive, three (3) business days
after delivery of such Notice of Termination to Executive at his last known address.

     (f) Company expressly acknowledges and agrees that Executive shall have a contractual right to
the full benefits of this Agreement, and Company and any successor expressly waives any rights it
may have to deny liability for any breach of its contractual commitment hereunder upon the grounds
of lack of consideration, accord and satisfaction or similar defense. In any dispute arising after
a Change of Control as to whether Executive is entitled to the benefits of this Agreement and all
incentive plans, there shall be a presumption that the Executive is entitled to such benefits and
the burden of proving otherwise shall be on the Company or any successor.

3. CHANGE IN CONTROL RELATED PROVISIONS.

     (a) Anything in this Agreement to the contrary notwithstanding, in the event it shall be
determined that any payment or distribution by the Company to or for the benefit of Executive
(whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or
otherwise, but determined without regard to any additional payments required under this Section 3)
(the “Termination Benefits”) would be subject to the excise tax imposed by Section 4999 of the
Internal Revenue Code of 1986 (the “Code”) or any corresponding provisions of state or local tax
laws, or any interest or penalties are incurred by Executive with respect to such excise tax (such
excise tax, together with any such interest and penalties, are hereinafter collectively referred to
as the “Excise Tax”), then Executive shall be entitled to receive an additional payment (a
“Gross-Up Payment”) in an amount such that after payment by Executive of all taxes (including any
interest or penalties imposed with respect to such taxes), including, without limitation, any
income taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed
upon the Gross-Up Payment, Executive retains an amount of the Gross-Up Payment equal to the Excise
Tax imposed upon the Termination Benefits.

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     (b) Subject to the provisions of Section 3(c), all determinations required to be made under
this Section 3, including whether and when a Gross-Up Payment is required and the amount of such
Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be
made by the Company’s certified public accounting firm (the “Accounting Firm”), which shall provide
detailed supporting calculations both to the Company and Executive within fifteen (15) business
days of the receipt of notice from Executive that there has been Termination Benefits, or such
earlier time as is requested by the Company. All fees and expenses of the Accounting Firm shall be
borne solely by the Company. Any Gross-Up Payment, as determined pursuant to this Section 3, shall
be paid by the Company to Executive within five business (5) days of the receipt of the Accounting
Firm’s determination. Any determination by the Accounting Firm shall be binding upon the Company
and Executive. As a result of the uncertainty in the application of Section 4999 of the Code at
the time of the initial determination by the Accounting Firm hereunder, it is possible that
Gross-Up Payments which will not have been made by the Company should have been made
(“Underpayment”), consistent with the calculations required to be made hereunder. In the event
that the Company exhausts its remedies pursuant to Section 3(c) and Executive thereafter is
required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount of the
Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to
or for the benefit of Executive.

     (c) Executive shall notify the Company in writing of any claim by the Internal Revenue Service
that, if successful, would require the payment by the Company of the Gross-Up Payment. Such
notification shall be given as soon as practicable but no later than ten (10) business days after
Executive is informed in writing of such claim and shall apprise the Company of the nature of such
claim and the date on which such claim is requested to be paid. Executive shall not pay such claim
prior to the expiration of the 30-day period following the date on which Executive gives such
notice to the Company (or such shorter period ending on the date that any payment of taxes with
respect to such claim is due). If the Company notifies Executive in writing prior to the
expiration of such period that it desires to contest such claim, Executive shall:

          (i) give the Company any information reasonably requested by the Company relating to such
claim,

          (ii) take such action in connection with contesting such claim as the Company shall reasonably
request in writing from time to time, including, without limitation, accepting legal representation
with respect to such claim by an attorney reasonably selected by the Company,

          (iii) cooperate with the Company in good faith in order effectively to contest such claim, and

          (iv) permit the Company to participate in any proceedings relating to such claim; provided,
however, that the Company shall bear and pay directly all costs and expenses (including additional
interest and penalties) incurred in connection with such contest and shall indemnify and hold
Executive harmless, on an after-tax basis, for any Excise Tax or income tax (including interest and
penalties with respect thereto) imposed as a result of such representation and payment of costs and
expenses. Without limitation on the foregoing provisions of this Section 3(c), the Company shall
control all proceedings taken in connection with such contest and, at its sole option, may pursue
or forego any and all administrative appeals, proceedings, hearings and conferences with the taxing
authority in respect of such claim and may, at its sole option, either direct Executive to pay the
tax claimed and sue for a refund or contest the claim in any permissible manner, and Executive
agrees to prosecute such contest to a determination before any administrative tribunal, in a court
of initial jurisdiction and in one or more appellate courts, as the Company shall determine;
provided, however, that if the Company directs Executive to pay such claim and sue for a refund,
the Company shall advance the amount of such payment to Executive, on an interest-free basis and
shall indemnify and hold Executive harmless, on an after-tax basis, from any Excise Tax or income
tax (including interest or penalties with respect thereto) imposed with respect to such advance or
with respect to any imputed income with respect to such advance; and further provided that any
extension of the statute of limitations relating to payment of taxes for the taxable year of
Executive with respect to which such contested amount is claimed to be due is limited

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solely to such contested amount. Furthermore, the Company’s control of the contest shall be
limited to issues with respect to which a Gross-Up Payment would be payable hereunder and Executive
shall be entitled to settle or contest, as the case may be, any other issue raised by the Internal
Revenue Service or any other taxing authority.

     (d) If, after the receipt by Executive of an amount advanced by the Company pursuant to
Section 3(c), Executive becomes entitled to receive any refund with respect to such claim,
Executive shall (subject to the Company’s complying with the requirements of Section 3(c)) promptly
pay to the Company the amount of such refund (together with any interest paid or credited thereon
after taxes applicable thereto). If, after the receipt by Executive of an amount advanced by the
Company pursuant to Section 3(c), a determination is made that Executive shall not be entitled to
any refund with respect to such claim and the Company does not notify Executive in writing of its
intent to contest such denial of refund prior to the expiration of thirty (30) days after such
determination, then such advance shall be forgiven and shall not be required to be repaid and the
amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required
to be paid.

4. NOTICE OF TERMINATION.

     (a) Any purported termination by the Company or resignation by Executive in connection with a
Change in Control or within 36 months after the Change in Control shall be communicated by Notice
of Termination to the other party hereto. For purposes of this Agreement, a “Notice of Termination”
shall mean a written notice which shall indicate the specific termination provision in this
Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed
to provide a basis for termination of Executive’s employment under the provision so indicated.

     (b) “Date of Termination” shall mean the date described in paragraph 2(d) above.

     (c) Executive shall have thirty (30) days within which to dispute the Notice of Termination,
or he shall forever waive any arguments, disputes, bases, or reasons that the Notice of Termination
is improper, void, unenforceable, ineffective or should not preclude him from being converted to
stand-by employment status and receiving the benefits of paragraph 2(c). Any dispute must be made
timely by delivering written notice to the Company’s designee within such thirty (30) days, which
written notice shall contain a description with reasonable detail of all reasons, bases, and facts
constituting and supporting Executive’s dispute. The dispute shall be resolved by final, binding
arbitration as further set forth in Section 13 below.

5. SOURCE OF PAYMENTS.

     It is intended by the parties hereto that all payments provided in this Agreement shall be
paid in cash or check from the general funds of the Company.

6. EFFECT ON PRIOR AGREEMENTS AND EXISTING BENEFIT PLANS.

     This Agreement contains the entire understanding between the parties hereto and supersedes any
prior written or oral agreement between the Company and Executive relating to the subject matter
hereof. Nothing in this Agreement shall confer upon Executive the right to continue in the employ
of the Company or shall impose on the Company any obligation to employ or retain Executive in its
employ for any period.

7. MODIFICATION AND WAIVER.

     (a) This Agreement may not be modified or amended except by an instrument in writing signed by
the parties hereto.

     (b) No term or condition of this Agreement shall be deemed to have been waived, nor shall
there be any estoppel against the enforcement of any provision of this Agreement, except by written
instrument of

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the party charged with such waiver or estoppel. No such written waiver shall be deemed a
continuing waiver unless specifically stated therein, and each such waiver shall operate only as to
the specific term or condition waived and shall not constitute a waiver of such term or condition
for the future or as to any act other than that specifically waived.

8. REQUIRED REGULATORY PROVISIONS.

     (a) The Board may terminate Executive’s employment at any time, but any termination by the
Board, other than Termination for Cause, shall not prejudice Executive’s right to compensation or
other benefits under this Agreement. Executive shall not have the right to receive compensation or
other benefits for any period after Termination for Cause as defined in Section 2 hereinabove, or
after resignation for reasons other than those specified in paragraph 2(b) above.

     (b) If Executive is suspended from office and/or temporarily prohibited from participating in
the conduct of the Company’s affairs by a notice served under Section 8(e)(3) or 8(g)(1) of the
Federal Deposit Insurance Act (12 U.S.C. Section 1818(e)(3) or (g)(1)), the Company’s obligations
under this contract shall be suspended as of the date of service, unless stayed by appropriate
proceedings. If the charges in the notice are dismissed, the Company shall: (i) pay Executive all
or part of the compensation withheld while their contract obligations were suspended and (ii)
reinstate the obligations which were suspended.

     (c) If Executive is removed and/or permanently prohibited from participating in the conduct of
the Company’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the Federal Deposit
Insurance Act (12 U.S.C. Section 1818(e)(4) or (g)(1)), all obligations of the Company under this
contract shall terminate as of the effective date of the order, and the Company shall have no
obligation to provide any compensation or benefits which were suspended while Executive was
suspended or prohibited from participating in the conduct of the Company’s affairs by notice
described in paragraph 9(b) above.

     (d) If the Company is in default as defined in Section 3(x)(1) of the Federal Deposit
Insurance Act, all obligations of the Company under this Agreement shall terminate as of the date
of default, but this paragraph shall not affect any vested rights of the contracting parties.

     (e) Any payments made to Executive pursuant to this Agreement, or otherwise, are subject to
and conditioned upon compliance with 12 U.S.C. ss.1828(k) and any rules and regulations promulgated
thereunder.

9. SEVERABILITY.

     If, for any reason, any provision of this Agreement is held invalid, such invalidity shall not
affect any other provision of this Agreement not held so invalid, and each such other provision
shall to the full extent consistent with law continue in full force and effect. If any provision
of this Agreement is held invalid in part, such invalidity shall in no way affect the rest of such
provision not held so invalid, and the rest of such provision, together with all other provisions
of this Agreement, shall to the full extent consistent with law continue in full force and effect.

10. HEADINGS FOR REFERENCE ONLY.

     The headings of sections and paragraphs herein are included solely for convenience of
reference and shall not control the meaning or interpretation of any of the provisions of this
Agreement. In addition, references to the masculine shall apply equally to the feminine.

11. GOVERNING LAW.

     This Agreement shall be governed by the laws of the State of California, without regard to its
principles of conflict of law.

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12. ARBITRATION.

     Any dispute or controversy arising under or in connection with, or relating to this Agreement
shall be settled exclusively by final, binding arbitration, conducted before a single arbitrator
sitting in a location selected by Executive within fifty (50) miles from the location of the
Company’s main office, in accordance with the rules of the American Arbitration Association
governing arbitration of employment disputes then in effect. The arbitrator shall either be agreed
between the parties, or shall be selected in accordance with applicable AAA rules. The arbitrator
shall have authority to grant interim relief (including interim relief on an expedited basis, such
as injunctive relief), which relief may be entered in any court having jurisdiction. The parties
specifically consent to the jurisdiction of the federal and state courts located within the County
of San Francisco to enter an arbitration award or injunctive relief pursuant to this Agreement.
Judgment may be entered on the arbitrator’s award in any court having jurisdiction. The prevailing
party at arbitration shall be entitled to recover their costs and reasonable attorneys fees, and
the arbitrator shall be vested with authority to determine the prevailing party. The parties have
signified their agreement with the particular provisions of the arbitration agreement by initialing
this Section 17 in the spaces provided below.

13. RELEASE.

     By accepting the benefits under this Agreement upon any payments hereunder, Executive or in
the event of Executive’s subsequent death, the Authorized Representative releases and discharges
the Company, and its successors and assigns and their directors, officers, agents, employees,
consultants and affiliated and controlled companies (the “Related Parties”), from any and all
claims, demands and causes of action arising out of or related to Executive’s employment with the
Company and to the termination of that employment. Prior to and as a condition to receipt of any
payment, benefit, or consideration under this Agreement, Executive, or in the event of Executive’s
subsequent death, the Authorized Representative, shall sign and deliver to the Company a full,
complete, general release of any and all known and unknown claims against the Company and Related
Parties (other than indemnity obligations of the Company hereunder) to the fullest extent permitted
under California law, in a form satisfactory to the Company.

14. SUCCESSOR TO THE COMPANY.

     Any successor or assignee, whether direct or indirect, by purchase, merger, consolidation or
otherwise, to all or substantially all the business or assets of the Company shall be required to
assume and agree to perform the Company’s obligations under this Agreement, in the same manner and
to the same extent that the Company would be required to perform if no such succession or
assignment had taken place.

15. INDEMNIFICATION.

     The Company agrees to indemnify Executive in accordance with the terms of the Company’s
standard indemnification agreement which has been executed by the Company and Executive. To the
extent available on commercially reasonable terms, the Company shall obtain and maintain
appropriate Directors and Officers liability insurance including Executive as a named insured in an
amount comparable to industry standards.

16. NONDISCLOSURE.

     Executive recognizes and acknowledges that the knowledge of the confidential business
activities and plans for business activities of the Company as it may exist from time to time is a
valuable, special and unique asset of the business of the Company. Executive will not, during or
after the term of his employment, disclose any knowledge of the past, present, planned or
considered confidential business activities of the Company that is not public or readily accessible
to the public from non-confidential published sources to any person, firm, corporation, or other
entity for any reason or purpose whatsoever unless expressly authorized by the Board or required by
law or policies of the Company. Notwithstanding the foregoing, Executive may disclose any
knowledge of banking, financial and/or economic principles, concepts or ideas which are not solely
and exclusively derived from the confidential business plans and activities of the Company. In the
event of a

6

 

breach or threatened breach by the Executive of the provisions of this Section, the Company
will be entitled to an injunction restraining Executive from disclosing, in whole or in part, the
knowledge of the past, present, planned or considered confidential business activities of the
Company. Nothing herein will be construed as prohibiting the Company from pursuing any other
remedies available to the Company for such breach or threatened breach, including the recovery of
damages from Executive.

17. ADVICE OF COUNSEL.

     Each party acknowledges that, in executing this Agreement, such party has had the opportunity
to seek the advise of independent legal counsel, and has read and understood all of the terms and
provisions of this Agreement. This Agreement shall not be construed against any party by reason of
the drafting or preparation hereof.

18. POST-TERMINATION OBLIGATIONS.

     All payments and benefits to Executive under this Agreement shall be subject to Executive’s
compliance with the terms of this Agreement. Executive’s obligation to furnish such information
and assistance to the Company as may reasonably be required by the Company in connection with any
litigation or other judicial or administrative matter in which the Company or any of its
Subsidiaries or affiliates is, or may become, a party provided that the Company shall reimburse
Executive for all reasonable expenses incurred in connection with such cooperation.

19. AT WILL EMPLOYMENT.

     Notwithstanding, the terms and conditions of this Agreement each party acknowledges that this
Agreement is not an employment agreement and that Executive is an “At Will Employee” or “Employment
At Will” as defined in the Human Resources Personnel Policy Manual.

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SIGNATURES

     IN WITNESS WHEREOF, United Commercial Bank and UCBH Holdings, Inc. have caused this Agreement
to be executed by their duly authorized officers, and Executive has signed this Agreement, on the
                     day of                     ,                     .

	 	 	 	 	 	 	 	 	 	 	 
	ATTEST:	 	 	 	 	 	United Commercial Bank	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Secretary
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	SEAL
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	ATTEST:	 	 	 	 	 	UCBH Holdings, Inc.	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:	 	 	 	 
	 	 	 	 	 	 	 	 	 
	Secretary
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	SEAL
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	WITNESS:
	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

8

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