Document:

EX-10.10

 Exhibit 10.10 

RBB Bancorp 
 2017
Omnibus Stock Incentive Plan 
 Restricted Stock Award Agreement 

 
  

Dear                    : 

Congratulations on your selection as a Participant of the RBB Bancorp 2017 Omnibus Stock Incentive Plan (the “Plan”). This Agreement and the Plan
together govern your rights under the Plan and set forth all of the conditions and limitations affecting such rights. Terms used in this Agreement that are defined in the Plan shall have the meanings ascribed to them in the Plan. If there is any
inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Agreement. 

Overview of Your Award 
  

	1.	Number of Restricted Shares Granted.         

  

	2.	Date of Grant.                      

 

	3.	Date of Lapse of Restrictions. 

  

					
	 Shares
	  	 	  	 Date

	  
	  		  	  

	  
	  		  	  

	  
	  		  	  

  

	4.	Employment by the Company. This Restricted Stock is awarded on the condition that the Participant remain in the employ of RBB Bancorp (the “Company”) from the Date of Grant through (and including) the
Dates of Lapse of Restrictions. The Award of this Restricted Stock, however, shall not impose upon the Company any obligations to retain the Participant in its employ for any given period or upon any specific terms of employment. 

 

	5.	Certificate Legend. Shares of Restricted Stock granted pursuant to the Plan shall be held by the Company in book entry form and shall be designated to have the following legend: 

“The sale or other transfer of the shares of stock represented by this certificate, whether voluntary, involuntary, or by operation of
law, is subject to certain restrictions on transfer set forth in the RBB Bancorp 2017 Omnibus Stock Incentive Plan and in a Restricted Stock Award Agreement. A copy of the Plan and such Restricted Stock Agreement may be obtained from the Secretary
of RBB Bancorp” 
  

	6.	Removal of Restrictions. Except as otherwise provided in the Plan, each of the Shares of Restricted Stock granted under this Agreement shall become freely transferable by the Participant on each of the
“Dates of Lapse of Restrictions” set forth on Paragraph 3 herein. 

 Once the shares are released from the
restrictions, the Participant shall be entitled to receive certificates representing the Shares of stock which have been vested, without the restrictive legend required by Paragraph 5 of this Agreement. 

  
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 Notwithstanding the terms of this Agreement, no stock shall be issued by the Corporation while
its stock transfer books are closed. 
  

	7.	Voting Rights and Dividends. During the Period of Restriction, the Participant may exercise full voting rights and is entitled to receive all dividends and other distributions paid with respect to the Shares of
Restricted Stock while they are held. If any such dividends or distributions are paid in shares of Common Stock of the Company, the Shares shall be subject to the same restrictions on transferability as the Shares of Restricted Stock with respect to
which they were paid. 

  

	8.	Termination of Employment By Reasons of Death, Disability, Retirement, and Vesting in Connection with a Change in Control. Except as otherwise approved by the Compensation Board, in the event the
Participant’s employment is terminated by reason of Retirement, all shares of Restricted Stock that are vested then outstanding shall be issued, and as soon as is administratively practicable, the stock certificates representing the Shares of
Restricted Stock without any restrictions or legend thereon, shall be delivered to the Participant. In the event the Participant’s employment is terminated by reason of Death, Disability, or in the event of a Change in Control prior to the
Dates of Lapse of Restrictions, all Shares of Restricted Stock then outstanding shall immediately vest one hundred percent (100%), and as soon as is administratively practicable, the stock certificates representing the Shares of Restricted Stock
without any restrictions or legend thereon, shall be delivered to the Participant’s beneficiary or estate. 

 “Change
in Control” of the Company shall be deemed to have occurred (as of a particular day, as specified by the Board) upon the occurrence of any of the following events: 
  

	 	(a)	The acquisition in a transaction or series of transactions by any Person of Beneficial Ownership of thirty percent (30%) or more of the combined voting power of the then outstanding shares of common stock of the
Company; provided, however, that for purposes of this Agreement, the following acquisitions will not constitute a Change in Control: (A) any acquisition by the Company; (B) any acquisition of common stock of the Company by an underwriter
holding securities of the Company in connection with a public offering thereof; and (C) any acquisition by any Person pursuant to a transaction which complies with subsections (c) (i), (ii) and (iii), below; 

 

	 	(b)	Individuals who, as of             , 20         [same date as this Agreement] are members of the Board (the
“Incumbent Board”), cease for any reason to constitute at least a majority of the members of the Board; provided, however, that if the election, or nomination for election by the Company’s common shareholders, of any new director was
approved by a vote of at least two-thirds of the Incumbent Board, such new director shall, for purposes of this Plan, be considered as a member of the Incumbent Board; provided further, however, that no
individual shall be considered a member of the Incumbent Board if such individual initially assumed office as a result of either an actual or threatened “Election Contest” (as described in Rule
14a-11 promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a “Proxy Contest”) including by reason
of any agreement intended to avoid or settle any Election Contest or Proxy Contest; 

  

	 	(c)	 Consummation, following shareholder approval, of a reorganization, merger, or consolidation of the Company and/or
its subsidiaries, or a sale or other disposition (whether by sale, taxable or non-taxable exchange, formation of a joint venture or otherwise) of fifty percent (50%) or more of the assets of the Company and/or
its subsidiaries (each a “Business Combination”), unless, in each case, immediately following such Business Combination, (i) all or substantially all of the individuals and entities who were beneficial owners of shares of the common
stock of the Company immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of the combined voting power of the then outstanding shares of the entity resulting from the Business
Combination or any direct or indirect parent corporation thereof (including, without limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one
(1) or more 

  
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subsidiaries)(the “Successor Entity”); (ii) no Person (excluding any Successor entity or any employee benefit plan or related trust, of the Company or such Successor Entity) owns,
directly or indirectly, thirty percent (30%) or more of the combined voting power of the then outstanding shares of common stock of the Successor Entity, except to the extent that such ownership existed prior to such Business Combination; and
(iii) at least a majority of the members of the Board of Directors of the entity resulting from such Business Combination or any direct or indirect parent corporation thereof were members of the Incumbent Board at the time of the execution of
the initial agreement or action of the Board providing for such Business Combination; or 

  

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with subsections (c) (i), (ii), and (iii) above.

  

	 	(e)	A Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of the then outstanding Common Stock as a
result of the acquisition of Common Stock by the Company which, by reducing the number of shares of Common Stock then outstanding, increases the proportional number of shares Beneficially Owned by the Subject Persons, provided that if a Change in
Control would occur (but for the operation of this sentence) as a result of the acquisition of Common Stock by the Company, and after such stock acquisition by the Company, the Subject Person becomes the Beneficial Owner of any additional Common
Stock which increases the percentage of the then outstanding Common Stock Beneficially Owned by the Subject Person, then a Change in Control shall occur. 

  

	 	(f)	A Change in Control shall not be deemed to occur unless and until all regulatory approvals required in order to effectuate a Change in Control of the Company have been obtained and the transaction constituting the
Change in Control has been consummated. 

  

	9.	Beneficiary Designation. The Participant may, from time to time, name any beneficiary or beneficiaries (who may be named contingently or successively) to whom any benefit under this Agreement is to be paid in
case of his or her death prior to the Dates of Lapse of Restrictions. Each such designation shall revoke all prior designations by the Participant, shall be in a form prescribed by the Company, and will be effective only when filed by the
Participant in writing with the Company during the Participant’s lifetime. In the absence of any such designation, benefits remaining unpaid at the Participant’s death shall be paid to the Participant’s estate. 

 

	10.	Termination of Employment for Other Reasons. In the event the Participant’s employment is terminated for reasons other than those described in Section 8 herein prior to the Dates of the Lapse of
Restrictions, all outstanding Shares of unvested Restricted Stock granted hereunder shall immediately be forfeited by the Participant. 

  

	11.	Transferability. This Restricted Stock is not transferable by the Participant, whether voluntarily or involuntarily, by operation of laws or otherwise, during the Restriction Period, except as provided in the
Plan. If any assessment, pledge, transfer, or other disposition, voluntary or involuntary, of this Restricted Stock shall be made, or if any attachment, execution, garnishment, or client shall be issued against or placed upon the Restricted Stock,
then the Participant’s right to the Restricted Stock shall immediately cease and terminate and the Participant shall promptly forfeit to the Company all Restricted Stock awarded under this Agreement. 

 

	12.	Tax Treatment. The following is a brief summary of the principal federal income tax consequences related to grants of restricted stock. This summary is based on the Company’s understanding of present federal
income tax law and regulations. The summary does not purport to be complete or applicable to every specific situation. 

 The
value of restricted stock granted to the Participant will be taxable to the Participant in the year in which it is no longer subject to substantial risk of forfeiture (i.e., when the restrictions lapse). When the restrictions lapse, there is an
ordinary income tax event to the Participant equal 

  
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to the number of shares multiplied by the market price of the shares at the time the restrictions lapse. The Participant must satisfy federal and state withholding requirements and may do so by
having the Company sell sufficient shares to meet the withholding requirements. 
 The Participant has the option to make a Code Section
83(b) election on a grant of restricted stock. Code Section 83(b) allows the Participant to choose to be taxed immediately on the amounts received in connection with a substantially “nonvested” right (i.e., compensation that has not been
constructively received). This is accomplished by the Participant filing an election with the IRS stating that he or she will pay ordinary income on the value as measured at the time of grant. Any future appreciation in the stock property will be
treated as capital gain when sold. This election must be made within 30 days after the stock is received. 
 If the Participant elects
Section 83(b) treatment and later forfeits the subject stock, he or she will not be entitled to any refund for the taxes paid; however, he or she will be entitled to treat the forfeiture as a sale of the stock at a loss (i.e., capital loss) (limited
to the amount paid for shares—typically zero). 
  

	13.	Withholding. 

 Tax Withholding. The Company shall have the power and the right to
deduct or withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy federal, state and local taxes (including Participant’s FICA obligation), domestic or foreign, required by law or regulation to be withheld
with respect to any taxable event arising as a result of this Plan. 
 Share Withholding. With respect to withholding required upon
the lapse of restrictions or upon any other taxable event arising as a result of the Awards granted hereunder, the Participants may elect, subject to the approval of the Board, to satisfy the withholding requirement, in whole or in part, by having
the Company withhold shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. All such elections shall be irrevocable, made in writing, signed by the
Participant, and shall be subject to any restrictions or limitations that the Board, in its sole discretion, deems appropriate. 
  

	14.	Requirements of Law. The issuance of Shares under the Plan shall 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. 

  

	15.	Inability to Obtain Authorization. The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s counsel to be necessary to the
lawful issuance of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue such Shares as to which such requisite authority shall not have been obtained. 

 

	16.	Severability. In the event any provision of this Agreement shall be held to be illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of this Agreement, and the
Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 

  

	17.	Continuation of Employment. This Agreement shall not confer upon the Participant any right to continuation of employment by the Company, nor shall this Agreement interfere in any way with the Company’s right
to terminate the Participant’s employment at any time. 

  

	18.	Applicable Laws and Consent to Jurisdiction. The validity, construction, interpretation and enforceability of this Agreement shall be determined and governed by the laws of the State of California without giving
effect to the principles of conflicts of law. For the purpose of litigating any dispute that arises under this Agreement, the parties hereby consent to exclusive jurisdiction in California and agree that such litigation shall be conducted in the
courts of Ventura County. 

  
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	19.	Miscellaneous. The Plan may be amended at any time, and from time to time, by a written instrument approved by the Board of Directors of RBB Bancorp. No termination, amendment or modification of the Plan shall
adversely affect in any material way any Award previously granted under the Plan, without the written consent of the Participant holding such Award. 

The Plan and this Agreement are binding upon Participant, as well as his/her heirs, executors, personal representatives, trustees, attorneys,
agents, administrators, and successors. 
 Please refer any questions you may have regarding your restricted stock to
                    . Once again, congratulations on receipt of your restricted stock. 

Sincerely, 
  

					
	  
	 		 	  

	Chairman of the Board,	 		 	Secretary,
	RBB Bancorp	 		 	RBB Bancorp

 Please acknowledge your agreement to participate in the Plan and this Agreement, and to abide by all of the governing terms
and provisions, by signing the following representation: 
 Agreement to Participate 

By signing a copy of this Agreement and returning it to
                     of RBB Bancorp, I acknowledge that I have read the Plan, and that I fully understand all of my rights under the Plan, as well as
all of the terms and conditions which may limit my eligibility to exercise this Award. Without limiting the generality of the preceding sentence, I understand that my right to exercise this Award is conditioned upon my continued employment with RBB
Bancorp or its Subsidiaries. 
  

			
	  

  
 5EX-10.11

 Exhibit 10.11 

RBB Bancorp 
 2017
Omnibus Stock Incentive Plan 
 Performance Share Award Agreement 

(Performance Period
                     -
                    ) 

 Contents 
  

 
  

					
	 Article 1.
	  	 Performance Period
	  	3
	 Article 2.
	  	 Value of Performance Shares
	  	3
	 Article 3.
	  	 Performance Shares and Achievement of Performance Measure
	  	4
	 Article 4.
	  	 Termination Provisions
	  	4
	 Article 5.
	  	 Change in Control
	  	5
	 Article 6.
	  	 Dividends
	  	6
	 Article 7.
	  	 Form and Timing of Payment of Performance Shares
	  	6
	 Article 8.
	  	 Nontransferability
	  	6
	 Article 9.
	  	 Administration
	  	6
	 Article 10.
	  	 Miscellaneous
	  	7

  

 RBB Bancorp 

2017 Omnibus Stock Incentive Plan 

Performance Share Award Agreement 
 You
have been selected to be a participant in the RBB Bancorp 2017 Omnibus Stock Incentive Plan (the “Plan”), as specified below: 

Participant:
                                        

 Target Performance Share Award:          shares 

Performance Period:                      to
                     
 Performance
Measure:     Total Shareholder Return (“TSR”) 
  

			
	 Peer Index:
	 	[Annual Stock Performance Report prepared by                      a financial institutions with total assets between
$1 billion and $5 billion]

 THIS AGREEMENT (the “Agreement”) effective
                    , represents the grant of Performance Shares by RBB Bancorp, a California corporation (the “Company”), to the
Participant named above, pursuant to the provisions of the Plan. 
 The Plan provides a complete description of the terms and conditions
governing the Performance Shares. If there is any inconsistency between the terms of this Agreement and the terms of the Plan, the Plan’s terms shall completely supersede and replace the conflicting terms of this Agreement. 

All capitalized terms shall have the meanings ascribed to them in the Plan, unless specifically set forth otherwise herein. 

The parties hereto agree as follows: 
  

	Article 1.	Performance Period 

 The Performance Period commences on ______________ and ends on
________________. 
  

	Article 2.	Value of Performance Shares 

 Each Performance Share shall represent and have a value
equal to one share of common stock of the Company. 
 Notwithstanding anything herein to the contrary, the Performance Shares shall have no
value whatsoever if the Ending Stock Price (as defined herein) is not greater than Beginning Stock Price (as defined herein), taking into account any adjustments made pursuant to Paragraph 4.3 of the Plan. 

  
 3 

	Article 3.	Performance Shares and Achievement of Performance Measure 

  

	 	(a)	The number of Performance Shares to be earned under this Agreement shall be based upon the achievement of pre-established TSR performance goals as set by the Board of Directors
for the Performance Period, based on the following chart: 

  

					
	 TSR Performance 

 Relative to
Companies

 in Peer Index
	  	Payout
(% of Target)	 
	 80th Percentile or Above
	  	 	175	% 
	 70th Percentile
	  	 	150	% 
	 60th Percentile
	  	 	125	% 
	 50th Percentile
	  	 	100	% 
	 40th Percentile
	  	 	50	% 
	 30th Percentile or Below
	  	 	0	% 

 Interpolation shall be used to determine the percentile rank in the event the Company’s Percentile Rank
does not fall directly on one of the ranks listed in the above chart. 
 For this purpose, Total Shareholder Return shall be determined as
follows: 
  

					
	Total Shareholder	  	=	  	Change in Stock Price + Dividends Paid
	Return	  		  	Beginning Stock Price

 Beginning Stock Price shall mean the average closing price on the applicable stock exchange of one share of
stock for the twenty (20) trading days immediately prior to the first day of the Performance Period; Ending Stock Price shall mean the average closing price on the applicable stock exchange of one share of stock for the twenty (20) trading
days immediately prior to the last day of the Performance Period; Change in Stock Price shall mean the difference between the Beginning Stock Price and the Ending Stock Price; and Dividends Paid shall mean the total of all dividends paid on one
(1) share of stock during the Performance Period. 
 Following the Total Shareholder Return determination, the Company’s
Percentile Rank shall be determined as follows: 
 Percentile Rank shall be determined by listing from highest Total Shareholder Return to
lowest Total Shareholder Return each company in the Peer Index (excluding the Company). The top company would have a one hundred percentile (100%) rank and the bottom company would have a zero percentile (0.0%) rank. Each company in between would be
one hundred divided by n minus one (100/n-1) above the company below it. The Company percentile rank would then be interpolated based on the Company TSR. The Companies in the Peer Index shall remain constant
throughout the entire Performance Period. 
  

	Article 4.	Termination Provisions 

 Except as provided below, a Participant shall be eligible for
payment of awarded Performance Shares, as determined in Section 3, only if the Participant’s employment with the Company continues through the end of the Performance Period. 

If participant retires, suffers a Disability, or dies during the Performance Period, the Participant (or the Participant’s estate) shall
be entitled to that proportion of the number of Performance Shares as such Participant is entitled to under Section 3 for such Performance Period that the number of full months of participation during the Performance Period bears to the total
number of months in the Performance Period. The form and timing of the payment of such Performance Shares shall be as set forth in Article 7. 

Termination of employment for any reason other than Retirement, Disability, or death during the Performance Period shall require forfeiture of
this entire award, with no payment to the Participant. 

  
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	Article 5.	Change in Control 

 Notwithstanding anything herein to the contrary, upon a Change in
Control, the Participant shall be entitled to that proportion of the number of Performance Shares as such Participant is entitled to under Section 3 for such Performance Period that the number of full months of participation during the
Performance Period (as of the effective date of the Change in Control) bears to the total number of months in the Performance Period. When there is a Change in Control, the TSR shall be calculated as set forth in Article 3, except that the Ending
Stock Price shall mean the average closing price on the applicable stock exchange of one share of stock for the twenty (20) trading days immediately prior to the Change in Control. Performance Shares shall be paid out to the Participant in cash
within thirty (30) days of the effective date of the Change in Control. 
 “Change in Control” of the Company shall be deemed
to have occurred (as of a particular day, as specified by the Board) upon the occurrence of any of the following events: 
  

	 	(a)	The acquisition in a transaction or series of transactions by any Person of Beneficial Ownership of thirty percent (30%) or more of the combined voting power of the then outstanding shares of common stock of the
Company; provided, however, that for purposes of this Agreement, the following acquisitions will not constitute a Change in Control: (A) any acquisition by the Company; (B) any acquisition of common stock of the Company by an underwriter
holding securities of the Company in connection with a public offering thereof; and (C) any acquisition by any Person pursuant to a transaction which complies with subsections (c) (i), (ii) and (iii), below; 

 

	 	(b)	Individuals who, as of             , 20     [same date as this Agreement] are members of the Board (the “Incumbent Board”), cease
for any reason to constitute at least a majority of the members of the Board; provided, however, that if the election, or nomination for election by the Company’s common shareholders, of any new director was approved by a vote of at least two-thirds of the Incumbent Board, such new director shall, for purposes of this Plan, be considered as a member of the Incumbent Board; provided further, however, that no individual shall be considered a member of
the Incumbent Board if such individual initially assumed office as a result of either an actual or threatened “Election Contest” (as described in Rule 14a-11 promulgated under the Exchange Act) or
other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board (a “Proxy Contest”) including by reason of any agreement intended to avoid or settle any Election Contest or Proxy Contest;

  

	 	(c)	Consummation, following shareholder approval, of a reorganization, merger, or consolidation of the Company and/or its subsidiaries, or a sale or other disposition (whether by sale, taxable or non-taxable exchange, formation of a joint venture or otherwise) of fifty percent (50%) or more of the assets of the Company and/or its subsidiaries (each a “Business Combination”), unless, in each case,
immediately following such Business Combination, (i) all or substantially all of the individuals and entities who were beneficial owners of shares of the common stock of the Company immediately prior to such Business Combination beneficially
own, directly or indirectly, more than fifty percent (50%) of the combined voting power of the then outstanding shares of the entity resulting from the Business Combination or any direct or indirect parent corporation thereof (including, without
limitation, an entity which as a result of such transaction owns the Company or all or substantially all of the Company’s assets either directly or through one (1) or more subsidiaries)(the “Successor Entity”); (ii) no Person
(excluding any Successor entity or any employee benefit plan or related trust, of the Company or such Successor Entity) owns, directly or indirectly, thirty percent (30%) or more of the combined voting power of the then outstanding shares of common
stock of the Successor Entity, except to the extent that such ownership existed prior to such Business Combination; and (iii) at least a majority of the members of the Board of Directors of the entity resulting from such Business Combination or
any direct or indirect parent corporation thereof were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such Business Combination; or 

  
 5 

	 	(d)	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company, except pursuant to a Business Combination that complies with subsections (c) (i), (ii), and (iii) above.

  

	 	(e)	A Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of the then outstanding Common Stock as a
result of the acquisition of Common Stock by the Company which, by reducing the number of shares of Common Stock then outstanding, increases the proportional number of shares Beneficially Owned by the Subject Persons, provided that if a Change in
Control would occur (but for the operation of this sentence) as a result of the acquisition of Common Stock by the Company, and after such stock acquisition by the Company, the Subject Person becomes the Beneficial Owner of any additional Common
Stock which increases the percentage of the then outstanding Common Stock Beneficially Owned by the Subject Person, then a Change in Control shall occur. 

  

	 	(f)	A Change in Control shall not be deemed to occur unless and until all regulatory approvals required in order to effectuate a Change in Control of the Company have been obtained and the transaction constituting the
Change in Control has been consummated. 

  

	Article 6.	Dividends 

 During the Performance Period, all dividends and other distributions paid
with respect to the shares of Common Stock shall accrue for the benefit of the Participant to be paid out to the Participant pursuant to Article 7. 
  

	Article 7.	Form and Timing of Payment of Performance Shares 

 Payment of the Performance Shares,
including accrued dividends, shall be made          percent (    %) in cash and          percent (    %) in shares of Company
stock. 
 Payment of Performance Shares shall be made within thirty (30) calendar days following the close of the Performance Period,
subject to the following: 
  

	 	(a)	The Participant shall have no right with respect to any Award or a portion thereof, until such award shall be paid to such Participant. 

 

	 	(b)	If the Board determines, in its sole discretion, that a Participant at any time has willfully engaged in any activity that the Board determines was or is harmful to the Company, any unpaid pending Award will be
forfeited by such Participant. 

  

	 	(c)	All appropriate taxes will be withheld from the cash portion of the award. 

  

	Article 8.	Nontransferability 

 Performance Shares may not be sold, transferred, pledged, assigned,
or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, except as otherwise provided in a Participant’s Award Agreement, a Participant’s rights under the Plan shall be exercisable
during the Participant’s lifetime only by the Participant or the Participant’s legal representative. 
  

	Article 9.	Administration 

 This Agreement and the rights of the Participant hereunder are subject
to all the terms and conditions of the Plan, as the same may be amended from time to time by the Board of Directors, as well as to such rules and regulations as the Board may adopt for administration of the Plan. It is expressly understood that the
Board is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Agreement, in its sole discretion, all of which shall be binding upon the Participant. 

  
 6 

	 	Any	inconsistency between the Agreement and the Plan shall be resolved in favor of the Plan. 

  

	Article 10.	Miscellaneous 

  

	 	(a)	The selection of any employee for participation in the Plan shall not give such Participant any right to be retained in the employ of the Company. The right and power of the Company to dismiss or discharge any
Participant at-will, is specifically reserved. Such Participant or any person claiming under or through the Participant shall not have any right or interest in the Plan or any Award thereunder, unless and
until all terms, conditions, and provisions of the Plan that affect such Participant have been complied with as specified herein. 

  

	 	(b)	The Board may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan may in any way adversely affect the Participant’s rights under this Agreement
without the Participant’s written consent. 

  

	 	(c)	Participant shall not have voting rights with respect to the Performance Shares. Participant shall obtain voting rights upon the settlement of Performance Shares and distribution into shares of common stock of the
Company. 

  

	 	(d)	The Participant may defer such Participant’s receipt of the payment of cash and the delivery of shares of common stock, that would otherwise be due to such Participant by virtue of the satisfaction of the
performance goals with respect to the Performance Shares, pursuant to the rules of the RBB Bancorp Nonqualified Deferred Compensation Plan and the procedures set forth by the Board. If the Participant elects to defer the receipt of the award, the
Participant will be required to pay any necessary taxes from their own funds. They will not be allowed to have their deferred award reduced for tax withholding. 

  

	 	(e)	This Agreement shall 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. 

 

	 	(f)	To the extent not preempted by federal law, this Agreement shall be governed by, and construed in accordance with, the laws of the State of California. 

 

	 	(g)	Any awards received by Participant are subject to the provisions of the Stock Ownership Guidelines approved by the Board of Directors. 

The following parties have caused this Agreement to be executed effective as of
                    . 
  

			
	 RBB BANCORP

		
	 By:
	 	  

		 	
                          
      
 Chairman of the Board

		
	 By:
	 	  

		 	
                          
          
 Secretary of the Company

	
	  

	Participant

  
 7

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