Document:

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                                  Exhibit 10.19

                             AMENDMENT 2001-1 TO THE
                      PACIFIC CENTURY FINANCIAL CORPORATION
                            STOCK OPTION PLAN OF 1994
                            -------------------------

          In accordance with Article 13 of the Pacific Century Financial
Corporation Stock Option Plan of 1994 (hereinafter "Plan"), and conditioned upon
the approval of shareholders no later than one year after the date of adoption
by the Board of Directors of Pacific Century Financial Corporation, the Plan is
hereby amended by this Amendment No. 2001-1, effective as of the date of
adoption by the Board of Directors, as follows:

          The first sentence of Section 4.1 of the Plan shall be amended to
increase the total number of Shares reserved and available for grant under the
Plan by revising such sentence to read in its entirety as follows:

          4.1  Number of Shares.  Subject to adjustment as provided in Section
               ----------------
     4.3 herein, the total number of Shares available for grant under the Plan
     shall be 14,650,000.

--------------------------------------------------------------------------------

          To record the adoption of this amendment to the Plan, Pacific Century
Financial Corporation has executed this document this 26th day of January, 2001.

                                PACIFIC CENTURY FINANCIAL
                                CORPORATION

                                By /S/ Richard J. Dahl
                                   ----------------------------------------
                                   Its Richard J. Dahl
                                       President & Chief Operating Officer

                               By  /S/ Neal C. Hocklander
                                   ----------------------------------------
                                   Its  Neal C. Hocklander
                                        Executive Vice President<PAGE>

                                  Exhibit 10.20

                             AMENDMENT 2001-2 TO THE
                      PACIFIC CENTURY FINANCIAL CORPORATION
                            STOCK OPTION PLAN OF 1994
                            -------------------------

          In accordance with Article 13 of the Pacific Century Financial
Corporation Stock Option Plan of 1994 (hereinafter "Plan", and conditioned upon
the approval of shareholders no later than one year after the date of adoption
by the Board of Directors of Pacific Century Financial Corporation, the Plan is
hereby amended by this Amendment No. 2001-2, effective as of the date of
adoption by the Board of Directors, as follows:

          Section 2.1(1) shall be amended by adding the following provisions at
the end thereof:

                For purposes of this Plan, the term "Employee" shall include any
     independent contractor providing services to the Company or a Subsidiary,
     other than a Director who is not also an employee of the Company or a
     Subsidiary, and such Employee shall be eligible to participate in the Plan
     as selected by the Committee in accordance with Article 5. Notwithstanding
     any other provision in the Plan to the contrary, the following shall apply
     in the case of an independent contractor who is included within the term
     "Employee" pursuant to the preceding sentence: (a) with respect to any
     reference in this Plan to the working relationship between such Employee
     and the Company or a Subsidiary, the term "service" shall apply as may be
     appropriate in lieu of the term "employment" or "employ"; (b) no such
     Employee shall be eligible for a grant of an ISO; (c) the exercise period
     and vesting of an Award following such Employee's termination from service
     shall be specified and governed under the terms and conditions of the Award
     as may be determined by the Committee (and, accordingly, the
     post-termination exercise and vesting provisions of Sections 6.8 - 6.10
     relating to Options, and Sections 7.8 - 7.10 relating to SARs, and Sections
     8.9 - 8.10 relating to Restricted Stock and Restricted Stock Units shall
     not apply); and (d) the required "full-time, active, salaried" status
     described as a condition for eligibility in

<PAGE>

     Section 5.1 shall not apply to such Employee. The inclusion of an
     independent contractor within the term "Employee" under this Section 2.1(1)
     is intended exclusively for the purpose of extending this Plan's coverage
     to independent contractors, and such inclusion shall not mean or imply that
     an independent contractor is in fact an employee for any purpose.

--------------------------------------------------------------------------------

          To record the adoption of this amendment to the Plan, Pacific Century
Financial Corporation has executed this document this 26th day of January,
2001.

                                      PACIFIC CENTURY FINANCIAL
                                      CORPORATION

                                      By /S/ Richard J. Dahl
                                         ---------------------------------------
                                         Its Richard J. Dahl
                                             President & Chief Operating Officer

                                      By /S/ Neal C. Hocklander
                                         ---------------------------------------
                                         Its Neal C. Hocklander
                                             Executive Vice President<PAGE>

                                  Exhibit 10.29

                                        January 29, 2001

David A. Houle
Executive Vice President
Chief Financial Officer

Dear Dave:

          This letter, upon your signature, will constitute a Separation
Agreement ("Agreement") between you and Pacific Century Financial Corporation
and Bank of Hawaii (collectively, the "Bank") regarding the terms of your
resignation and separation from employment with the Bank and its subsidiaries
and affiliates.

1.   Your date of termination ("Termination Date") be no later than December 31,
     2001, but may be effective on such earlier date as you may elect. Effective
     February 3, 2001, however, you will be relieved of all your current duties
     and responsibilities. From February 3, 2001 until all of your accrued
     vacation time is used, you will be on vacation. Thereafter until your
     Termination Date, you will make yourself available to the Bank for
     consultation on an as needed basis to assure a smooth transition. As part
     of the transition you will also resign any positions you hold as a
     director, officer or other management official of any Bank affiliate or
     subsidiary, or as trustee or fiduciary of any Bank benefit plan or trust.

2.   You will be paid your earned salary and auto allowance through your
     Termination Date, and the Bank's portion of your club dues will continue to
     be paid through April 30, 2001. You will continue to participate in all
     Bank employee benefit plans through your Termination Date. You will receive
     payment under the Bank's 2000 one-year incentive plan in the amount of
     $160,000.00. You acknowledge and agree that no compensation other than that
     specified herein is owed to you.

3.   You have received or will receive by separate cover information regarding
     your rights to health insurance continuation after your Termination Date.
     To the extent that you have such rights, nothing in this agreement will
     impair those rights.

4.   On or before February 19, 2001 you will return to the Bank any information
     you have about the Bank's practices, procedures or trade secrets, including
     but not limited to, customer data, lists and accounts; Bank strategies,
     growth plans, business plans, and marketing strategies; and any Bank
     property such as Bank Visa card and keys.

<PAGE>

5.   Because your employment is being terminated by way of resignation, you are
     not entitled to benefits under our Employees' Severance Plan. By acceptance
     of this Agreement, you are waiving and releasing your benefits under that
     Plan. While the Bank makes no representation to you concerning your
     possible entitlement to unemployment insurance benefits, under the
     circumstances, it will truthfully report, should unemployment compensation
     authorities ask that the termination of your employment was voluntary.

6.   Although you are not otherwise entitled to it, in further consideration of
     your acceptance of the terms of this Agreement, the Bank will pay you
     $375,000.00, less customary payroll deductions [(this portion hand written
     in on 1/30/01, and initialed by both parties), payable on January 15, 2002
     regardless of the termination date]. In addition, if you elect a
     Termination Date before December 31, 2001, the Bank will pay an amount
     equal to your salary and any accrued but unused vacation, from that date
     through December 31, 2001. These amounts will be paid within two weeks of
     your Termination Date, but no earlier than the effective date of this
     Agreement as defined in paragraph 13 below (the "Effective Date"). In
     addition to the foregoing payments, the Bank will pay for outplacement
     services with its selected outplacement services provider for a period of
     six months. Finally, with regard to all Qualified and Nonqualified Stock
     Options ("Options") currently held by you which are not vested, the
     Compensation Committee will provide for the full vesting of such Options
     upon the completion of six months following their date of grant. Also, with
     regard to vested Options held by you as of your Termination Date, the
     Compensation Committee will extend the period within which these Options
     are exercisable to three years following your Termination Date in the case
     of 1994 Plan Options, and one year following your Termination Date in the
     case of 1988 Plan Options (or, if earlier, in either case to the end of the
     original terms of the Options). The extension of the exercise period for
     your Qualified Stock Options may result in conversion of your Qualified
     Stock Options into Nonqualified Stock Options with a consequent loss of
     certain tax benefits. Therefore, Qualified Stock Options will not be
     subject to these extensions unless you consent on or before your
     Termination Date.

7.   You waive, release and forego any and all claims, whether or not now known,
     suspected or claimed, that you ever had, now have, or may later claim to
     have had as of or prior to the Effective Date of this Agreement against the
     Bank and any of its predecessors, subsidiaries, related entities, officers,
     directors, shareholders, agents, attorneys, employees, successors or
     assigns arising from or related to your employment with the Bank and/or the
     termination of your employment with the Bank.

     These claims include, but are not limited to, claims arising under federal,
     state and local statutory or common law, including, but not limited to, the
     Age Discrimination in Employment Act, Title VII of the Civil Rights Act of
     1964, Hawaii civil rights and anti-discrimination statutes, wage and hour
     laws, the law of contract and tort (such as claims for breach of contract,
     infliction of emotional distress, defamation, invasion of privacy, wrongful
     termination, etc.), and any claims for attorneys' fees and/or costs.

8.   The Bank and you agree that any inquiries regarding verification of your
     employment will be handled through the Bank of Hawaii, Human Resources
     Division. You agree that you will instruct anyone of whom you are aware who
     is making such inquiries to contact the Human Resources Division. As is the
     Bank's practice, the Human Resources Division will only release information
     confirming your dates of employment and position title.

<PAGE>

9.   The Bank and you agree that each will not make any disparaging, negative or
     derogatory statements regarding the other.

10.  Unless compelled by court order or subpoena or otherwise required by law,
     you will not disclose to others or use any information regarding the
     following:

     a.   Any information regarding the Bank's practices, procedures or trade
          secrets, including but not limited to, customer data, lists and
          accounts; and Bank strategies, growth plans, business plans, and
          marketing strategies.

     b.   The terms of this Agreement, the benefit being paid under it, and the
          fact of its payment are confidential, except that you may disclose
          this information to (i) your attorney, accountant or other
          professional advisor to whom you must make the disclosure in order for
          them to render professional services to you, and (ii) your spouse. You
          will instruct any such people to whom you make a disclosure, however,
          to maintain the confidentiality of this information just as you must.

11.  In the event that you breach any of your obligations under this Agreement
     or otherwise imposed by law, the Bank will be entitled to recover the
     benefit paid under this Agreement and to obtain all other relief provided
     by law or equity. In addition, you acknowledge and agree that breach of
     Paragraphs 4, 9, and 10 will result in irreparable harm to the Bank for
     which it will have no adequate remedy at law and for which the Bank may
     seek immediate injunctive relief.

12.  You agree that you will not seek reinstatement to the Bank nor apply for
     employment with the Bank or its subsidiaries or affiliates.

13.  The following is required by the Older Workers Benefit Protection Act:

          This Agreement includes a waiver of any claims you may have under the
     Age Discrimination in Employment Act through the Effective Date of this
     Agreement. You have up to 21 days from the date of this letter, or February
     19, 2001, to accept the terms of this Agreement, although you may accept it
     at any time within those 21 days. There are advantages and disadvantages
     for you in entering into this Agreement. Prompt receipt of the payment
     provided for in paragraph 6 and an amicable resolution to the situation may
     be considered advantages. Release of potential claims may be considered a
     disadvantage. To properly weigh the advantages and disadvantages you are
     advised to consult an attorney about this Agreement prior to signing the
     Agreement. If you want to accept the Agreement prior to the expiration of
     the 21 days, you will need to indicate your waiver of the 21-day
     consideration period by signing in the space indicated below.

          To accept this Agreement, please date and sign this letter and return
     it to me. (An extra copy for your file is enclosed)

     Once you do so, you will still have an additional seven days in which to
     revoke your acceptance. To revoke, you must send me a written statement of
     revocation by registered mail, return receipt requested. If you do not
     revoke, the eighth day after the date of your acceptance will be the
     "Effective Date" of this Agreement. The Agreement will not be effective and
     enforceable until the revocation period has expired.

<PAGE>

14.  This Agreement represents the complete agreement of the parties, and is
     intended to bind both the parties, and all persons claiming by or through
     the parties. It supersedes any and all prior agreements, and may only be
     amended in writing signed by both you and Bank. It shall be governed by and
     interpreted under Hawaii law and may be pleaded as a full and complete
     defense to, and as the basis for an injunction against, any future
     proceeding. You understand and agree that this Agreement is not intended to
     be and is not an admission of any fact or wrongdoing or liability by any of
     the parties.

          Dave, I am pleased that we were able to part ways on these amicable
terms. The Bank and I wish you every success in your future endeavors.

                                        Sincerely,

                                        /S/ Neal C. Hocklander

                                        Neal C. Hocklander
                                        Executive Vice President & Director,
                                        Human Resources Division

     By signing this letter, I acknowledge that I have had the opportunity to
review this Agreement carefully with an attorney of my choice; that I have read
and understand the terms of the Agreement; and that I voluntarily agree to them.

                  Dated:        January 30, 2001

                            /S/ David A. Houle
                           -----------------------------------------------------
                           David A. Houle

     Pursuant to 29 C.F.R. ss. 1625.22(e)(6), I hereby knowingly and voluntarily
waive the twenty-one (21) day pre-execution consideration period set forth in
Older Workers Benefit Protection Act (29 U.S.C. (S) 626(f)(1)(F)(i)).

                  Dated:        January 30,  2001

                            /S/ David A. Houle
                           -----------------------------------------------------
                           David A. Houle

<PAGE>

               AMENDMENT TO PACIFIC CENTURY FINANCIAL CORPORATION
                        STOCK OPTIONS FOR DAVID A. HOULE

          This Amendment, effective as of November 29, 2001, is made by and
between Pacific Century Financial Corporation, a Hawaii corporation, with its
principal office at 130 Merchant Street, 22nd Floor, Honolulu, Hawaii ("PCFC"),
and David A. Houle, residing at 1016 Hanohano Way Honolulu, HI 96825
("Optionee"), as an amendment to certain outstanding stock option agreements
between such parties.

          WHEREAS, PCFC and Optionee have entered into stock option agreements
for the grant to the Optionee of certain qualified incentive stock options
("ISOs") and nonqualified stock options ("NQSOs") (together, "Options") pursuant
to the Pacific Century Financial Corporation Stock Option Plan of 1994 ("1994
Plan") and the Pacific Century Financial Corporation Stock Option Plan of 1988
("1988 Plan") (together, "Plans");

          WHEREAS, in a manner consistent with the terms of the Plans and
pursuant to the terms of that certain Separation Agreement between PCFC and the
Optionee dated January 29, 2001 "Separation Agreement"), PCFC and the Optionee
desire to modify the vesting and exercise periods applicable to the outstanding
Options held by the Optionee;

          NOW, THEREFORE, the parties hereto agree to amend the Options as
follows:

          (a) Effective as of the date of the Separation Agreement, any
nonvested outstanding Options then held by the Optionee shall be fully vested
upon completion of six months following their date of grant.

          (b) Effective as of his "Termination Date" (within the meaning of the
Separation Agreement), any vested outstanding Options held by the Optionee as of
his Termination Date which have been granted under the 1994 Plan shall be
exercisable during the period of three years following his Termination Date (or,
if later, until the end of the applicable exercise period provided for under the
terms of the Option), and any vested outstanding Options held by the Optionee as
of his Termination Date which have been granted under the 1988 Plan shall be
exercisable during the period of one year following his Termination Date (or, if
later, until the end of the applicable exercise period under the terms of the
Option). However, the exercise period of an Option shall not be extended under
this Amendment beyond the original term of the Option.

<PAGE>

          (c) The extended exercise periods described in paragraph (b) above
shall apply only to the ISOs as described in the attached Exhibit A, in which
case such ISOs shall be deemed to be NQSOs.

          (d) The above modifications shall not apply to any other awards under
the Plans or any other plan or agreement, including any tandem or freestanding
stock appreciation rights that may have been awarded under the Plans.

          (e) This Amendment shall constitute an amendment to the underlying
option agreements for the affected Options.

          IN WITNESS WHEREOF, the parties hereto have duly executed this
Amendment on the date first above written.

                            PACIFIC CENTURY FINANCIAL
                             CORPORATION

                            By   /S/ Leslie F. Paskett
                               -------------------------------------------------
                               Its

                                                                          "PCFC"

                               /S/ David A. Houle
                               -------------------------------------------------

                                                                      "Optionee"

<PAGE>

AMENDMENT TO PACIFIC CENTURY FINANCIAL CORPORATION
STOCK OPTIONS FOR DAVID A. HOULE

             EXHIBIT A -- ISO's SUBJECT TO EXTENDED EXERCISE PERIODS

          The following ISOs shall be subject to the extended exercise periods
as provided for under the Amendment:

Grant Date            Expiration Date    Plan                ISOs
----------            ---------------    ----                ----
02/18/1994            02/18/2004         1994                6,600
12/04/1995            12/31/2004         1994                3,186
12/20/1996            12/31/2004         1994                4,732
12/12/1997            12/31/2004         1994                3,836 *
09/08/1998            12/31/2004         1994                5,925
12/10/1999            12/31/2004         1994                5,517
11/03/2000            12/31/2004         1994                5,000

* Does not apply with respect to tandem SAR

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