Document:

EX-10.4

 Exhibit 10.4 

EXECUTIVE SUPPLEMENTAL COMPENSATION AGREEMENT 

(By and Between California Bank of Commerce and
                ) 
 This Executive Supplemental
Compensation Agreement (hereinafter “Agreement”) is made and entered into effective as                 , 20    , by and between California
Bank of Commerce (hereinafter the “Bank” or the “Employer”), a state-chartered commercial bank with its principal offices located in the city of Lafayette, California and
                , an Executive of the Bank (“Executive”). 

WHEREAS, it is deemed to be in the best interests of the Employer to provide the Executive with certain fringe benefits, on the terms and
conditions set forth herein, in order to reasonably induce Executive to remain in the Bank’s employ during Executive’s lifetime or until the age of retirement; and 

WHEREAS, Executive and the Employer wish to specify in writing the terms and conditions upon which these certain fringe benefits will be
provided to Executive; and 
 WHEREAS, it is the intent of the parties hereto that this Agreement be considered an unfunded arrangement
maintained primarily to provide supplemental retirement benefits for Executive, who is a member of management and a highly compensated employee within the meaning of the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”); and 
 WHEREAS it is the intent of the parties hereto that this Agreement be compliant with the requirements of
Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), 
 NOW, THEREFORE, in consideration of the past
employment performance and the services to be performed by Executive in the future, as well as the mutual promises and covenants contained herein, Executive and the Employer agree as follows: 

1.0 Definitions. For the purposes of this Agreement, the following terms shall have the meanings indicated, unless the context clearly
indicates otherwise. In addition, in the event of any ambiguity, then any terms herein shall be interpreted so as to be compliant with Internal Revenue Code Section 409A. 

1.1 Accrued Liability Balance. For the purposes of this Agreement, the “Accrued Liability Balance” shall mean
the liability accrued by the Bank to fund the future benefit payments associated with this Agreement. The Bank shall accrue the liability associated with this benefit using Generally Accepted Accounting Principles, regulatory accounting guidance of
the Bank’s primary federal regulator, and other applicable accounting guidance. The discount rate employed shall be periodically adjusted by the Bank and will be within reasonable standards according to GAAP. Any one of a variety of
amortization methods may be used to determine the Accrued Liability Balance; however, once chosen, the method must be consistently applied. 

1.2 Administrator. The Bank shall be the “Administrator” of this Agreement. 

  
 -1- 

 1.3 Beneficiary(ies) or Designated Beneficiary(ies). The terms
“Beneficiary(ies)” or “Designated Beneficiary(ies)” shall mean those individual(s) or entities designated in accordance with the provisions of Section 7.0 to receive any Executive Benefit due or outstanding to Executive upon
Executive’s death. 
 1.4 Board of Directors. The term “Board of Directors” or “Board” shall
mean the Board of Directors of California Bank of Commerce. 
 1.5 Change in Control. For the purpose of this
Agreement, a Change in Control shall include any of the following (and for the purposes of this provision, the term “corporation” shall mean the “Bank”): 
  

	 	A.	 Change in the Ownership of a Corporation. A change in the ownership of a corporation occurs on the date
that any one person or persons acting as a group (as defined in IRC 409A), acquires ownership of stock of the corporation that, together with stock held by such person or group, constitutes more than fifty percent (50%) of the total fair market
value or total voting power of the stock of such corporation. The acquisition of additional stock by the same person or group is not considered to cause a change in the ownership of the corporation. 

 

	 	B.	 Change in the Effective Control of a Corporation. A change in the effective control of the corporation
shall be deemed to occur on either of the following dates: 

 (1) The date any one person, or persons acting as a group
acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition by such person or group) ownership of stock of the corporation possessing thirty percent (30%) or more of the total voting power of
the stock of such corporation; or 
 (ii) The date a majority of members of the corporation’s board of directors is replaced during any
twelve (12) month period by directors whose appointment or election is not endorsed by a majority of the members of the corporation’s board of directors before the date of the appointment or election. 

 

	 	C.	 Change in the Ownership of a Substantial Portion of a Corporation’s Assets. A change in the
ownership of a substantial portion of a corporation’s assets shall be deemed to occur on the date that any one person or group acquires (or has acquired during the twelve (12) month period ending on the date of the most recent acquisition
by such person or persons) assets from the corporation that have a total gross fair market value equal to or more than forty percent (40%) of the total gross fair market value of all of the assets of the corporation immediately before such
acquisition or acquisitions. No Change in Control shall result if the assets are transferred to certain entities controlled directly or indirectly by the shareholders of the transferring corporation. 

  
 -2- 

 In addition, to constitute a change in control event with respect to Executive, the change
in control event must relate to (1) the corporation for which Executive is performing services at the time of the Change in Control; (ii) the corporation that is liable for the payment of the amounts described herein (or all corporations
liable for the payment if more than one corporation is liable) but only if either the deferred compensation is attributable to the performance of services by Executive for such corporation(s) or there is a bona fide business purpose for such
corporation(s) to be liable for such payment and, in either case, no significant purpose of making such corporation(s) liable for such payment is the avoidance of Federal income tax; or (iii) a corporation that is a majority shareholder of a
corporation identified in (i) or (ii) above, or any corporation in a chain of corporations in which each corporation is a majority shareholder of another corporation in the chain, ending in a corporation identified in (i) or (ii) above.

 1.6 Claimant. The term “Claimant” shall refer to an individual or entity that files a claim to benefits
pursuant to Section 8.0. 
 1.7 The Code. The “Code” shall mean the Internal Revenue Code of 1986, as
amended. 
 1.8 Committee. The term “Committee” shall mean the Compensation Committee of the Board of
Directors of California Bank of Commerce. 
 1.9 Disability/Disabled. For the purposes of this Agreement, Executive
will be considered Disabled if it is determined, in a manner consistent with IRC 409A, that: 
  

	 	A.	 Executive is unable to engage in any substantial gainful activity by reason of any medically determinable
physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than twelve (12) months; or 

 

	 	B.	 Executive is, by reason of any medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering
employees of the Employer. 

 In the event a disability policy has been purchased by Employer for Executive, then the individual or entity
responsible for determining such disability thereunder shall determine Executive’s Disability under this Agreement (using the forgoing Disability definition). In the event no such disability policy exists, then the Administrator shall make a
good faith determination of Disability in a manner consistent with IRC 409A. 
 1.10 Effective Date. The term
“Effective Date” shall mean the date first written above. 
 1.11 Employer. The term the “Employer”
shall mean California Bank of Commerce, any subsidiaries or affiliates thereof, or any successors thereto. 
 1.12
ERISA. The term “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended. 

  
 -3- 

 1.13 Executive Benefit. For the purposes of this Agreement, the term
“Executive Benefit” shall refer to the benefit to which Executive may be entitled to receive pursuant to this Agreement. Amounts actually received by Executive, however, shall be determined pursuant to Sections 4-6 (including sub-paragraphs, as applicable), forfeited, reduced or adjusted to the extent: (a) required under the other provisions of this Agreement; (b) required
by reason of the lawful order of any regulatory agency or body having jurisdiction over Employer; or (c) required in order for Employer to comply with any and all applicable state and federal laws, including, but not limited to, income,
employment and disability income tax laws (e.g., FICA, FUTA, SDI). 
 1.14 Involuntary Termination/Involuntary
Separation From Service. In accordance with IRC 409A, the terms “Involuntary Termination” or “Involuntary Separation From Service” shall mean a Separation From Service due to the independent exercise of the unilateral
authority of the Bank to terminate Executive’s services, other than due to Executive’s implicit or explicit request, where Executive was willing and able to continue performing services (and not as the result of death, Disability or a
Termination For Cause). 
 1.15 IRC 409A. The term “IRC 409A” shall refer to Section 409A of the Code
and the related regulations or other guidance issued by the Internal Revenue Service and/or the Treasury Department. 
 1.16
Remains Employed. The term “Remains Employed” shall mean that Executive has not experienced a Separation From Service with Employer. 

1.17 Separation From Service/ Termination of Employment. The terms “Separation From Service” (Separates From
Service) and “Termination of Employment” shall be used interchangeably for the purposes of this Agreement and shall be defined in accordance with the provisions of IRC 409A. Consistent with IRC 409A, whether a termination of employment has
occurred shall be determined based on whether the facts and circumstances indicate that the Bank and Executive reasonably anticipate that no further services will be performed after a certain date or that the level of bona fide services Executive
will perform after such date (whether as an employee or as an independent contractor) will permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (as an employee or an independent contractor)
over the immediately preceding thirty-six (36) month period (or the full period of services to the Employer if Executive has been providing services to the Employer less than 36 months). There shall be no
Separation From Service while Executive is on military leave, sick leave or other bona fide leave of absence, as long as such leave does not exceed six (6) months, or if longer, so long as Executive retains a right to re-employment with the Employer under an applicable statute or by contract. 
 1.18 Service
Period. For the purposes of this Agreement, the term “Service Period” shall refer to the period of time between                  and
                . The Service Period shall expire at the close of business on
                . 
 1.19 Service
Ratio. For the purposes of this Agreement, the “Service Ratio” shall be a fraction, the numerator of which shall be the number of full months Executive has been employed by the Bank since the beginning of the Service Period, and
the denominator of which shall be one hundred twenty (120). 

  
 -4- 

 1.20 Specified Employee. In accordance with IRC 409A, a “Specified
Employee” shall mean a key employee (as defined in Code Section 416(i), disregarding paragraph 5 thereof) of an employer of which any stock is publicly traded on an established securities market or otherwise. 

1.21 Target Benefit. For the purposes of this Agreement, the “Target Benefit” shall be an annual amount equal
to sixty thousand dollars ($60,000). 
 1.22 Termination For Cause. For the purposes of this Agreement,
“Termination for Cause” shall be defined as Executive’s Termination of Employment with the Bank for one or more of the following reasons: 
  

	 	A.	 Willfully breaching Bank policies or banking regulations; 

 

	 	B.	 Habitually neglecting the duties required to be performed under their Employment Agreement;

  

	 	C.	 Committing an intentional act that has a material detrimental effect on the reputation or business of the Bank;

  

	 	D.	 Conviction of a felony or committing any act of dishonesty, fraud, intentional misrepresentation or moral
turpitude as would prevent effective performance of Executive’s duties under Executive’s Employment Agreement; 

  

	 	E.	 Repeatedly or intentionally disregarding or failing to comply with a directive of the Board of Directors; or

  

	 	F.	 The Bank receiving a written finding, order or directive from any state or federal banking regulator with
jurisdiction over the Bank ordering the removal of Executive as an executive officer of the Bank. 

 1.23
Termination For Good Reason. A Termination of Employment shall be deemed to be “For Good Reason” if Executive Separates From Service on or after the occurrence of any of the below events, and such events occur without
Executive’s consent: 
  

	 	A.	 A material diminution in Executive’s base compensation; 

 

	 	B.	 A material diminution in Executive’s authority, duties, or responsibilities; 

 

	 	C.	 A material diminution in the authority, duties, or responsibilities of the supervisor to whom Executive is
required to report, including a requirement that Executive report to a corporate officer or employee instead of reporting directly to the Board; 

  

	 	D.	 A material diminution in the budget over which Executive retains authority; 

 

	 	E.	 A material change in the geographic location at which Executive must perform services; 

  
 -5- 

	 	F.	 Any other action or inaction that constitutes a material breach by the Employer of Executive’s Employment
Agreement. 

 In the event of any of the forgoing circumstances, Executive shall provide notice to the Employer of the
existence of the conditions described above within a period not to exceed ninety (90) days of the initial existence of said condition, upon the notice of which the Employer must be provided a period of at least thirty (30) days during
which it may remedy the condition. If the condition is not remedied within those thirty (30) days and Executive Voluntarily Terminates within the two (2) year period following the initial occurrence of one or more of these conditions, then
such Separation From Service shall be deemed to have been a “Termination For Good Reason”. 
 1.24 Voluntary
Termination. The term “Voluntary Termination” or “Voluntarily Terminates” shall mean a Separation From Service elected by Executive and not as a result of death or Disability (and distinguishable from a Termination For
Good Reason). 
 2.0 Scope, Purpose and Effect. 

2.1 Not a Contract of Employment. Although this Agreement is intended to provide Executive with an additional incentive to
remain in the employ of the Employer, this Agreement shall not be deemed to constitute a contract of employment between Executive and the Employer, nor shall any provision of this Agreement restrict or expand the right of the Employer to terminate
Executive’s employment. This Agreement shall have no impact or effect upon any separate written Employment Agreement which Executive may have with the Employer, it being the parties’ intention and agreement that unless this Agreement is
specifically referenced in said Employment Agreement (or any modification thereto), this Agreement (and the Employer’s obligations hereunder) shall stand separate and apart and shall have no effect on or be affected by, the terms and provisions
of the Employment Agreement. 
 2.2 Fringe Benefit. The benefit provided by this Agreement is granted by the Bank as a
fringe benefit to Executive and is not a part of any salary reduction plan or any arrangement deferring a bonus or a salary increase. Executive has no option to take any current payments or bonus in lieu of the benefits provided by this Agreement.

 2.3 Prohibited Payments. Notwithstanding anything in this Agreement to the contrary, if any payment made under this
Agreement is a “golden parachute payment” as defined in Section 18(k) of the Federal Deposit Insurance Act (12 U.S.C. section 1828(k) and Part 359 of the Rules and Regulations of the Federal Deposit Insurance Corporation
(collectively, the “FDIC Rules”) or is otherwise prohibited, restricted or subject to the prior approval of a bank regulator, no payment shall be made hereunder without complying with said FDIC Rules. 

3.0 Payment Restrictions and Limitations. 

3.1 Delay in Payments for Specified Employee in the Event of a Separation From Service and Compliance With IRC 409A. If
Executive is a Specified Employee as of the date of Separation From Service, then, when required by IRC 409A, any payment conditioned upon a Separation From Service may not be made before the date that is six (6) months after the date of
Separation From Service (or, if earlier than the end of the six (6) month period, the date of Executive’s death). 

  
 -6- 

 If payments to which Executive would otherwise be entitled during the first (1st) six
(6) months following a Separation From Service are subject to this six (6) month delay in payment, then such payments shall be accumulated and paid on the first (1st) day of the seventh (7th) month following the date of Separation From
Service. Payments will then continue thereafter as called for pursuant to the terms of this Agreement. 
 Notwithstanding any provision
existing in this Agreement or any amendment thereto, it is the intent of the Bank and Executive that any payment or benefit provided pursuant to this Agreement shall be made and paid in a manner, at a time and in a form which complies with the
applicable requirements of IRC 409A in order to avoid any unfavorable tax consequences resulting from any such failure to comply. 

3.2 Change in Time or Form of Distributions. Executive and the Bank may amend this Agreement to change the timing or form
of distributions, however, any such amendment must comply with the restrictions imposed by IRC 409A, including the following: 
  

	 	A.	 A modification may not accelerate the time or schedule of any distribution, except as provided in IRC 409A;

  

	 	B.	 A modification must be made at least twelve (12) months prior to the first scheduled distribution;

  

	 	C.	 A modification must delay the commencement of distributions for a minimum of five (5) years from the date
the first distribution was originally scheduled to be made; 

  

	 	D.	 A modification may not take effect until twelve (12) months has elapsed. 

3.3 Withholding of Payroll Taxes. Employer shall withhold from payments made hereunder any taxes required to be withheld
from Executive’s wage under federal, state or local law. 
 3.4 Payment Due Under Only One Provision. Executive
Benefit payments due under this Agreement shall be determined and payable pursuant to only one (1) provision hereinbelow. The date and circumstances of Executive’s Separation From Service shall determine which paragraph shall be used to
calculate the Executive Benefit due. 
 4.0 In the Event Executive Remains Employed by the Bank Throughout the Service Period. If
Executive Remains Employed throughout the Service Period, then they shall receive an annual Executive Benefit equal to the Target Benefit, payable for a period of ten (10) years. Such annual Executive Benefit shall be paid by the Employer in
twelve (12) substantially equal monthly installments, commencing on the first day of the first month immediately following the expiration of the Service Period, and continuing for a period of one hundred twenty (120) months thereafter.

  
 -7- 

 5.0 Separation From Service or Disability Prior to the Expiration of the Service
Period. If Executive Separates From Service or becomes Disabled at any time prior to the expiration of the Service Period, then the Executive Benefit due under this Agreement shall be determined under this Section 5.0 and based on the
circumstances identified below. 
 5.1 Executive Benefit if, Within Six (6) Months Before or Eighteen
(18) Months Following a Change in Control, Executive is (i) Involuntarily Terminated or (ii) Terminates For Good Reason. If, prior to the expiration of the Service Period, Executive Separates From Service
within a period beginning six (6) months before and ending eighteen (18) months after a Change in Control, AND such Separation From Service is either (i) an Involuntary Termination or (ii) a Termination For Good Reason, then the
Executive Benefit to which they are entitled shall be as follows: 
  

	 	A.	 Benefit Amount. Executive shall receive an annual amount equal to the Target Benefit and
payable for a period of ten (10) years. 

  

	 	B.	 Benefit Payment. Amounts due under this provision shall be paid by the Employer in twelve
(12) substantially equal monthly installments, commencing on the first day of the first month immediately following the Separation From Service and continuing for a period of one hundred twenty (120) months thereafter.

 5.2 Executive Benefit Absent a Change in Control and Due to Either an (i) Involuntary Termination or
(ii) a Termination For Good Reason. If, prior to the expiration of the Service Period and absent a Change in Control, Executive is (i) Involuntarily Terminated or (ii) Terminates For Good Reason, then the Executive Benefit to
which they are entitled shall be as follows: 
  

	 	A.	 Benefit Amount. Executive shall receive an annual amount equal to the Service Ratio
multiplied by the Target Benefit, and payable for a period of ten (10) years. 

  

	 	B.	 Benefit Payment. Amounts due under this provision shall be paid by the Employer in twelve
(12) substantially equal monthly installments, commencing on the first day of the first month immediately following the Separation From Service and continuing for a period of one hundred twenty (120) months thereafter.

 5.3 Voluntary Separation From Service Prior to the Expiration of the Service Period. If Executive
Voluntarily Separates From Service prior to the expiration of the Service Period, then the Executive Benefit to which they are entitled shall be determined as follows: 
  

	 	A.	 Voluntary Separation From Service on or
after                . If Executive’s Voluntary Separation From Service occurs prior to the expiration of the Service Period but on or after
                , then they shall receive the same Executive Benefit as provided under Paragraph 5.2 above. 

  
 -8- 

	 	B	 Voluntary Separation From Service
Before                 . If Executive’s Voluntary Separation From Service occurs prior to the expiration of the Service Period and
before                 , then they shall forfeit any and all rights and benefits under the terms of this Agreement and shall have no right to be paid any of the amounts
which would otherwise be due or paid to Executive by the Bank pursuant to the terms of this Agreement. 

 5.4
Disability. If Executive becomes Disabled prior to the expiration of the Service Period, then they shall receive the following: 
  

	 	A.	 Accrued Liability Balance. Executive shall receive a lump sum amount equal to the Accrued
Liability Balance. The Accrued Liability Balance shall be paid in one (1) lump sum on the first (1st) day of the first (1st) month following Disability. 

  

	 	B.	 Additional Benefit Payment. In addition to the forgoing, if the Bank has purchased a pre-approved Individual Total Disability Policy through Lloyd’s of London (“Lloyd’s Policy”), and Executive qualifies to receive a benefit thereunder, then they shall be paid any amounts due and
payable under the Lloyd’s Policy (in amount and date as provided therein). 

 5.5 Termination For Cause
at Any Time. If Executive is Terminated For Cause at any time after the effective date of this Agreement, then they shall forfeit any and all rights and benefits they may have under the terms of this Agreement and shall have no right to be
paid any of the amounts which would otherwise be due or paid to Executive by the Bank pursuant to the terms of this Agreement. 
 6.0
Death. In the event of Executive’s death, then whether Executive’s Beneficiary(ies) are entitled to receive any amounts pursuant to this Agreement shall be determined as follows. 

6.1 Death After Becoming Entitled to Receive an Executive Benefit. If Executive has become entitled to an Executive
Benefit pursuant to one of the provisions of Section 4 or 5 of this Agreement, then Executive’s Designated Beneficiary shall be entitled to receive such amount and on the same date as Executive would have received had they survived. 

6.2 Death in All Other Circumstance. Other than as addressed above in Paragraph 6.1, there shall be no death benefits
payable pursuant to this Agreement. 
 7.0 Beneficiary Designation 

7.1 Beneficiary Designation. Executive shall have the right, at any time, to designate any person or persons as their
Beneficiary or Beneficiaries (both primary as well as secondary) to whom benefits under this Agreement shall be paid in the event of their death prior to complete distribution to Executive of the benefits due under this Agreement. Each Beneficiary
designation shall be in a written form approved by the Bank and will be effective only when filed with the Bank during Executive’s lifetime. Attached hereto is a Beneficiary Designation Form approved by the Bank. The Bank reserves the right to
modify such Beneficiary Designation Form as it deems necessary in the future. 

  
 -9- 

 7.2 Amendments to Beneficiary Designation. Any Beneficiary Designation
Form may be changed by Executive without the consent of any Designated Beneficiary by the filing of a new Beneficiary Designation Form with the Bank. The filing of a new Beneficiary Designation Form will cancel all Beneficiary Designation Forms
previously filed. If Executive’s compensation is community property, any Beneficiary Designation Form shall be valid or effective only as permitted under applicable law. 

7.3 No Beneficiary Designation. In the absence of an effective beneficiary designation, or if all Designated
Beneficiaries predecease Executive or die prior to complete distribution of the Executive Benefit, then Executive’s designated Beneficiary shall be deemed to be Executive’s lawful spouse or registered domestic partner, or if none exists,
Executive’s estate. 
 7.4 Doubt as to Beneficiary. If there is a doubt as to the proper Beneficiary to receive
payments pursuant to this Agreement, then the Bank shall have the right to withhold such payments until this matter is resolved to the satisfaction of the Bank. In the event of any such doubt or dispute, the Bank reserves all rights to file an
interpleader action or to require a court decree or order directing the payment of benefits or to require indemnification from any claimant or to require claimants to otherwise finally resolve such claims prior to the Bank paying any benefits under
this Plan. 
 7.5 Effect of Payment to the Beneficiary. Payment to the Designated Beneficiary shall fully and
completely discharge the Bank from all further obligations under this Agreement. 
 8.0 Administration. 

8.1 Committee and Duties. This Agreement shall be administered by an Administrative Committee (as defined in Paragraph
1.8) appointed by the Board of Directors. Any member of the Committee may be removed from the Committee at any time by the Board. Any member may resign from the Committee by delivering his written resignation to the Board. Upon the existence of any
vacancy, the Board may appoint a successor. The Committee shall have the authority to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Agreement and decide or resolve any and all questions
including interpretations of this Agreement, as may arise in connection with the Agreement. A majority of the members of the Committee shall constitute a quorum for the transaction of business. A majority vote of the Committee members constituting a
quorum shall control any decision. 
 8.2 Agents. In the administration of this Agreement, the Committee may, from time
to time, employ agents and delegate to them such administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Employer. 

8.3 Binding Effect of Decisions. The decision or action of the Committee in respect of any question arising out of or in
connection with the administration, interpretation and application of this Agreement and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Agreement. 

8.4 Indemnity of Committee. The Employer shall indemnify and hold harmless the members of the Committee against any and
all claims, loss, damage, expense, or liability arising from any action or failure to act with respect to this Agreement, except in the case of gross negligence or willful misconduct. 

  
 -10- 

 9.0 Claims Procedure. 

9.1 Dispute Over Benefits. In the event a dispute arises over the benefits under this plan and benefits are not paid to
Executive [or to Executive’s Beneficiary(ies)], if applicable) and such claimants feel they are entitled to receive such benefits, then a written claim must be made to the Administrator named above in accordance with the following procedures:

  

	 	A.	 Written Claim. The Claimant may file a written request for such benefit to the Administrator.

  

	 	B.	 Claim Decision. Upon receipt of such claim, the Administrator shall respond to such Claimant
within ninety (90) days after receiving the claim. If the Administrator determines that special circumstances require additional time for processing the claim, the Administrator can extend the response period by an additional ninety
(90) days for reasonable cause by notifying the Claimant in writing, prior to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the
date by which the Administrator expects to render its decision. 

 If the claim is denied in whole or in part, the
Administrator shall notify the Claimant in writing of such denial. The Administrator shall write the notification in a manner calculated to be understood by the Claimant. The notification shall set forth: 

 

	 	(i)	 The specific reasons for the denial; 

 

	 	(ii)	 The specific reference to pertinent provisions of the Agreement on which the denial is based;

  

	 	(iii)	 A description of any additional information or material necessary for Claimant to perfect the claim and an
explanation of why such material or information is necessary; 

  

	 	(iv)	 Appropriate information as to the steps to be taken if Claimant wishes to submit the claim for review and the
time limits applicable to such procedures; and 

  

	 	(v)	 A statement of Claimant’s right to bring a civil action under ERISA Section 502(a) following an
adverse benefit determination on review. 

  

	 	D.	 Request for Review. Within sixty (60) days after receiving notice from the Administrator that a
claim has been denied (in part or in its entirety), then Claimant (or their duly authorized representative) may file with the Administrator, a written request for a full and fair review of the denial of the claim. In the case of disability benefits
where a medical judgment was part of the basis of the adverse benefit determination, the review shall include a consultation with an independent health care professional. 

  
 -11- 

	 	
Claimant (or his duly authorized representative) shall then have the opportunity to submit written comments, documents, records and other information relating to the claim. The Administrator
shall also provide Claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to Claimant’s claim for benefits.

  

	 	E.	 Decision on Review. The Administrator shall respond in writing to such Claimant within sixty
(60) days after receiving the request for review. If the Administrator determines that special circumstances require an extension of time for processing the claim, written notice of the extension shall be furnished to Claimant prior to the
termination of the initial sixty (60) day period. In no event shall such extension exceed a period of sixty (60) days from the end of the initial period. The notice of extension must set forth the special circumstances requiring an
extension of time and the date by which the Administrator expects to render its decision. 

 In considering the review,
the Administrator shall take into account all materials and information Claimant submits relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 

The Administrator shall notify Claimant in writing of its decision on review. The Administrator shall write the notification in a manner
calculated to be understood by Claimant. The notification shall set forth: 
  

	 	(i)	 The specific reasons for the denial; 

 

	 	(ii)	 Reference the specific provisions of the Agreement on which the denial is based; 

 

	 	(iii)	 A statement that Claimant is entitled to receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to Claimant’s claim for benefits; and 

  

	 	(iv)	 A statement of Claimant’s right to bring a civil action under ERISA Section 502(a).

  

	 	F.	 Special Timing and Rules for Disability Claims. In the event a claim above is a claim for disability
benefits, then the applicable time periods for notifying Claimant regarding benefit determinations shall be reduced as required by 29 CFR 2560.503-1 (within a reasonable period of time, but not to exceed
forty-five (45) days, subject to no more than two (2) thirty (30) day extensions if necessary due to matters beyond control of the plan and subject to proper notice being given). In the event any extension is required, then notice of such
extension shall specify the standards on which the entitlement to a benefit is based, all unresolved issues that prevent a decision on a claim, the additional information needed to resolve those issues, and claimant shall be afforded at least
forty-five (45) days in which to provide the specified information. Additionally, all disability claims shall be handled in a manner which is compliant with the Department of Labor Rules, including but not limited to the following:

  
 -12- 

	 	(i)	 Claims and appeals will be adjudicated in a manner designed to ensure independence and impartiality of the
persons involved in making the benefit determination; 

  

	 	(ii)	 All benefit denial notices shall contain a complete discussion of why the claim was denied and the standards
applied in reaching the decision, including the basis for disagreeing with the views of health care professionals, vocational professionals, or the Social Security Administration; 

 

	 	(iii)	 Claimant shall have the right to access to the entire claim file and other relevant documents, and shall be
guaranteed the right to present evidence and testimony in support of their claim during the review process; 

  

	 	(iv)	 Claimant shall be given notice and a fair opportunity to respond before denials at the appeals stage are based
on new or additional evidence or rationales; 

  

	 	(v)	 Claimant is not prohibited from seeking court review of a claim denial based on a failure to exhaust
administrative remedies under the plan if the plan failed to comply with the claims procedure requirements (unless the violation was the result of a minor error); 

 

	 	(vi)	 Certain rescissions of coverage are to be treated as adverse benefit determinations triggering the plan’s
appeals procedures; and 

  

	 	(vii)	 All required notices and disclosures issued hereunder shall be written in a culturally and linguistically
appropriate manner. 

 9.2 Arbitration of Disputes. Other than any claim which must be brought in
accordance with the requirements established by ERISA, all unresolved claims, disputes and other matters in question arising out of or relating to this Agreement or the breach or interpretation thereof, other than those matters which are to be
determined by the Employer in its sole and absolute discretion shall be resolved by binding arbitration before an arbitrator selected by the mutual agreement of the parties (unless prohibited by ERISA). Notice of the demand for arbitration shall be
filed in writing with the other party to this Agreement and in no event shall the demand for arbitration be made after the date when institution of legal or equitable proceedings based on such claim, dispute or other matter in question would be
barred by the applicable statute of limitations. The arbitration shall be subject to such rules of procedure used or established by the Judicial Arbitration & Mediation Services. Any award rendered by the arbitrator shall be final and
binding upon the successors and assigns, and may be entered in any court having jurisdiction thereof. The obligation of the parties to arbitrate pursuant to this clause shall be specifically enforceable in accordance with, and shall be conducted
consistently with the provisions of the California Rules of Civil Procedure. Any arbitration hereunder shall be conducted in Lafayette, California, unless otherwise agreed to by the parties. 

  
 -13- 

 9.3 Attorneys’ Fees. In the event of any arbitration or litigation
concerning any controversy, claim or dispute between the parties hereto, arising out of or relating to this Agreement or the breach hereof, or the interpretation hereof, (a) each party shall pay his own attorneys’ arbitration and legal
fees incurred pursuant to this Agreement; and (b) if Executive prevails, they shall be entitled to recover from the other party reasonable expenses, attorneys’ fees and costs incurred in the enforcement or collection of any judgment or
award rendered. The term “prevails” applies if the arbitrator(s) or court finds that Executive is entitled to contested money payments from the Employer but does not necessarily imply a judgment rendered in favor of Executive. Furthermore,
the Employer recognizes that Executive may not pursue a legitimate claim for benefits or benefit amounts if they are found not to be the prevailing party at arbitration or litigation. Thus, to ensure that Executive is not deterred from pursuing a
legitimate claim, the Employer hereby agrees to waive any and all rights it may have to recover attorneys’ fees from Executive pursuant to this Agreement in the future, whether by statute or contract, and regardless of whether the Employer is
found to be the “prevailing party”. 
 9.4 Attorneys’ Fees in the event of a Change in Control. The
Employer is aware that, after a Change in Control, management of the Employer could cause or attempt to cause the Employer to refuse to comply with its obligations under this Agreement, or could institute or cause or attempt to cause the Employer to
institute litigation seeking to have this Agreement declared unenforceable, or could take or attempt to take other action to deny Executive the benefits intended under this Agreement. In these circumstances, the purpose of this Agreement would be
frustrated. The Employer desires that Executive not be required to incur the expenses associated with the enforcement of rights under this Agreement, whether by litigation or other legal action, because the cost and expense thereof would
substantially detract from the benefits intended to be granted to Executive hereunder. The Employer desires that Executive not be forced to negotiate settlement of rights under this Agreement under threat of incurring expenses. Accordingly, if after
the occurrence of a Change in Control, it appears to Executive that (i) the Employer has failed to comply with any of its obligations under this Agreement, or (ii) the Employer or any other person has taken any action to declare this
Agreement void or unenforceable, or instituted any litigation or other legal action designed to deny, diminish or to recover from Executive the benefits intended to be provided to Executive hereunder, the Employer irrevocably authorizes Executive
from time to time to retain counsel of Executive’s choice, at the Employer’s expense as provided in this subparagraph, to represent Executive in the initiation or defense of any litigation or other legal action, whether by or against the
Employer or any director, officer, stockholder or other person affiliated with the Employer, in any jurisdiction. Notwithstanding any existing or previous attorney-client relationship between the Employer and any counsel chosen by Executive under
this subparagraph, the Employer irrevocably consents to Executive entering into an attorney-client relationship with that counsel, and Executive and the Employer agree that a confidential relationship shall exist between Executive and that counsel.
The fees and expenses of counsel selected from time to time by Executive as provided in this section shall be paid or reimbursed to Executive by the Employer on a regular periodic basis upon presentation by Executive of a statement or statements
prepared by such counsel in accordance with such counsel’s customary practices up to a maximum aggregate amount of one hundred fifty thousand dollars ($150,000), whether suit be brought or not, and whether or not incurred in trial, bankruptcy
or appellate proceedings. The Employer’s obligation to pay Executive’s legal fees provided by this subparagraph operate separately from and in addition to any legal fees reimbursement obligation the Employer may have with Executive under
any separate employment, severance or other agreement between Executive and the Employer. Despite any contrary provision within this Agreement, however, the Employer shall not be required to pay or reimburse Executive’s legal

  
 -14- 

 
expenses if doing so would violate section 18(k) of the Federal Deposit Insurance Act [12 U.S.C. 1828(k)] and rule 359.3 of the Federal Deposit Insurance Act [12 CFR 359.3]. Furthermore, the
Employer again acknowledges that Executive may not pursue a legitimate claim for benefits or benefit amounts if he is found not to be the prevailing party at arbitration or litigation. Thus, to ensure that Executive is not deterred from pursuing a
legitimate claim, the Employer hereby agrees to waive any and all rights it may have to recover attorneys’ fees from Executive pursuant to this Agreement in the future, whether by statute or contract, and regardless of whether the Employer is
found to be the “prevailing party”. 
 10.0 Miscellaneous. 

10.1 Unfunded Plan. This Agreement is intended to be an unfunded plan maintained primarily to provide deferred
compensation benefits for a select group of “management or highly compensated employees” within the meaning of Sections 201, 301, and 401 of ER1SA, and therefore to be exempt from the provisions of Parts 2, 3, and 4 of Title I of ERISA.
Accordingly, this Agreement shall terminate and no further benefits shall be paid hereunder in the event it is determined by a court of competent jurisdiction or by an opinion of counsel that this Agreement constitutes an employee pension benefit
plan within the meaning of Section 3(2) of ERISA which is not so exempt. 
 10.2 Status as an Unsecured General Creditor
and Rabbi Trust. Notwithstanding anything contained herein to the contrary: (i) Executive shall have no legal or equitable rights, interests or claims in or to any specific property or assets of the Bank as a result of this Agreement;
(ii) none of the Bank’s assets shall be held in or under any trust for the benefit of Executive or held in any way as security for the fulfillment of the obligations of the Bank under this Agreement; (iii) all of the Bank’s
assets shall be and remain the general unpledged and unrestricted assets of the Bank; (iv) the Bank’s obligation under this Agreement shall be that of an unfunded and unsecured promise by the Bank to pay money in the future; and
(v) Executive shall be an unsecured general creditor with respect to any benefits which may be payable under the terms of this Agreement. 

Notwithstanding subparagraphs (i) through (v) above, the Bank and Executive acknowledge and agree that, in the event of a Change in
Control, upon Executive’s request, or in the Bank’s discretion if Executive does not so request and the Bank nonetheless deems it appropriate, the Bank shall establish, not later than the effective date of the Change in Control, a Rabbi
Trust or multiple Rabbi Trusts (the “Trust” or “Trusts”) upon such terms and conditions as the Bank, in its sole discretion, deems appropriate and in compliance with applicable provisions of the Code, in order to permit the Bank
to make contributions and/or transfer assets to the Trust or Trusts to discharge its obligations pursuant to this Agreement. The principal of the Trust or Trusts and any earnings thereon shall be held separate and apart from other funds of the Bank
to be used exclusively for discharge of the Bank’s obligations pursuant to this Agreement and shall continue to be subject to the claims of the Bank’s general creditors until paid to Executive in such manner and at such times as specified
in this Agreement. 
 10.3 Non-assignability. Neither Executive nor any other
person shall have any right to commute, sell, assign, transfer, pledge, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey in advance of actual receipt the amounts, if any, payable hereunder, or any part thereof, which are,
and all rights to which are, expressly declared to be unassignable and nontransferable. No part of the amount payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate
maintenance owed by Executive or any other person, nor be transferable by operation of law in the event of Executive’s or any other person’s bankruptcy or insolvency. 

  
 -15- 

 10.4 Not a Contract of Employment. The terms and conditions of this
Agreement shall not be deemed to constitute a contract of employment between Employer and Executive, and Executive (or his beneficiary, if applicable) shall have no rights against Employer except as may otherwise be specifically provided herein.
Moreover, nothing in this Agreement shall be deemed to give Executive the right to be retained in the service of the Employer or to interfere with the right of the Employer to discipline or discharge him at any time. 

10.5 Protective Provisions. Executive will cooperate with the Employer by furnishing any and all information requested by
the Employer, in order to facilitate the payment of benefit hereunder, and/or by taking such physical examinations as the Employer may deem necessary and taking such other action as may be requested by the Employer. 

10.6 Terms. Whenever any words are used herein in the masculine, they shall be construed as though they were used in the
feminine in all cases where they would so apply; and wherever any words are used herein in the singular or in the plural, they shall be construed as though they were used in the plural or singular, as the case may be, in all cases where they
would so apply. 
 10.7 Captions. The captions of the sections, and paragraphs of this Agreement are for convenience
only and shall not control or affect the meaning or construction of any of its provisions. 
 10.8 Governing Law. The
provisions of this Agreement shall be construed, interpreted, and governed in all respects in accordance with applicable federal law and, to the extent not preempted by such federal law, in accordance with the laws of the State of California. 

10.9 Binding Effect/Merger or Reorganization. This Agreement shall be binding upon and inure to the benefit of Executive
and the Bank. Accordingly, the Bank shall not merge or consolidate into or with another corporation, or reorganize or sell substantially all of its assets to another corporation, firm or person, unless and until such succeeding or continuing
corporation, firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. The term successors as used herein shall include any corporate or other business entity which shall, whether by merger, consolidation,
purchase or otherwise acquire all or substantially all of the business and assets of the Bank, and successors of any such corporation or other business entity. 

10.10 Nonwaiver. The failure of either party to enforce at any time or for any period of time any one or more of the
terms or conditions of this Agreement shall not be a waiver of such term(s) or condition(s) or of that party’s right thereafter to enforce each and every term and condition of this Agreement. 

10.11 Validity. If any terms, provision, covenant, or condition of this Agreement is determined by an arbitrator or a
court, as the case may be, to be invalid, void, or unenforceable, such determination shall not render any other term, provision, covenant or condition invalid, void or unenforceable, and this Agreement shall remain in full force and effect
notwithstanding such partial invalidity. 

  
 -16- 

 10.12 Entire Agreement. This Agreement supersedes any and all other
agreements, either oral or in writing, between the parties with respect to the subject matter of this Agreement and contains all of the covenants and agreements between the parties with respect thereto. Each party to this Agreement acknowledges that
no other representations, inducements, promises, or agreements, oral or otherwise, have been made by any party, or anyone acting on behalf of any party, which are not set forth herein, and that no other agreement, statement, or promise not contained
in this Agreement shall be valid or binding on either party. 
 10.13 Modifications. Any modification or Amendment of
this Agreement shall be effective only if it is in writing and signed by each party or such party’s authorized representative and only to the extent that it is compliant with all applicable codes and statutes, including but not limited to IRC
409A. However, the Bank may unilaterally amend this Agreement to conform with written directives to the Bank from its auditors or banking regulators or to comply with legislative or tax law, including without limitation Section 409A of the Code
and any and all regulations and guidance promulgated thereunder. 
 10.14 Notice. Any notice required or permitted of
either Executive or the Bank under this Agreement shall be deemed to have been duly given if in compliance with the following: if by personal delivery, upon the date received by the party or its authorized representative; if by facsimile, upon
transmission to a telephone number previously provided by the party to whom the facsimile is transmitted as reflected in the records of the party transmitting the facsimile and upon reasonable confirmation of such transmission; if by electronic
delivery or email upon transmission to the email address previously provided by the party to whom the email is transmitted as reflected in the records of the party transmitting the email and upon reasonable confirmation of such transmission; and if
by mail, on the third day after mailing via U.S. first class mail, registered or certified, postage prepaid and return receipt requested, and addressed to the party at the address given below for the receipt of notices, or such changed address as
may be requested in writing by a party. 
  

					
		  	If to the Bank:	  	California Bank of Commerce
		  		  	3595 Mt. Diablo Blvd., Suite 220
		  		  	Lafayette, CA 94549
	                                	  		  	Attn: President & Chief Executive Officer
			
		  	If to Executive:	  	Last known address on file with the Bank

 10.15 Code Section 280G Issues. 

 

	 	A.	 Treatment of Excess Parachute Payments. In the event that any benefits payable to Executive pursuant to
this Agreement (“Payments”) (i) constitute “parachute payments” within the meaning of Section 280G of the Code, and (ii) but for this Paragraph 10.15 would be subject to the excise tax imposed by Section 4999 of
the Code, or any comparable successor provisions (the “Excise Tax”), then Executive’s Payments hereunder shall be either (a) 

  
 -17- 

	 	
provided to Executive in full, or (b) provided to Executive as to such lesser extent which would result in no portion of such benefits being subject to the Excise Tax, whichever of the
foregoing amounts, when taking into account applicable federal, state, local and foreign income and employment taxes, the Excise Tax, and any other applicable taxes, results in the receipt by Executive, on an
after-tax basis, of the greatest amount of benefits, notwithstanding that all or some portion of such benefits may be taxable under the Excise Tax. In the event of a reduction of benefits hereunder, the
Accountants (as defined below) shall determine which benefits shall be reduced so as to achieve the principle set forth in the preceding sentence. 

  

	 	B.	 Determination of Amounts. All computations and determinations called for by this Paragraph 10.15 shall
be promptly determined and reported in writing to the Bank and Executive by independent public accountants or other independent advisors selected by the Bank and reasonably acceptable to Executive (the “Accountants”), and all such
computations and determinations shall be conclusive and binding upon Executive and the Bank. For the purposes of such determinations, the Accountants may rely on reasonable, good faith interpretations concerning the application of Sections 280G and
4999 of the Code. The Bank and Executive shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make their required determinations. The Bank shall bear all fees and expenses charged by
the Accountants in connection with such services. 

  

	 	C.	 Potential Further Reduction of Benefits. If, notwithstanding any reduction described in Paragraph
10.15A, the IRS determines that Executive is liable for the Excise Tax as a result of the receipt of any payments made pursuant to this Plan, then Executive shall be obligated to pay back to the Bank, within thirty (30) days after a final IRS
determination or in the event that Executive challenges the final IRS determination, a final judicial determination, a portion of the Payments equal to the “Repayment Amount.” The Repayment Amount shall be the smallest such amount, if any,
as shall be required to be paid to the Bank so that Executive’s net after-tax proceeds with respect to the Payments (after taking into account the payment of the Excise Tax and all other applicable taxes
imposed on such benefits) shall be maximized. The Repayment Amount shall be zero if a Repayment Amount of more than zero would not result in Executive’s net after-tax proceeds with respect to the Payments
being maximized. If the Excise Tax is not eliminated pursuant to this Paragraph 10.15C, Executive shall pay the Excise Tax. 

  

	 	D.	 Potential Increase in Benefits. Notwithstanding any other provision of this Paragraph 10.15, if
(i) there is a reduction in the payments to Executive as described in this Paragraph 10.15, (ii) the IRS later determines that Executive is liable for the Excise Tax, the payment of which would result in the maximization of Executive’s net
after-tax proceeds (calculated as if 

  
 -18- 

	 	
Executive’s benefits had not previously been reduced), and (iii) Executive pays the Excise Tax, then the Bank shall pay to Executive those payments which were reduced pursuant to this
Paragraph 10.15 as soon as administratively possible after Executive pays the Excise Tax so that Executive’s net after-tax proceeds with respect to the payment of the Payments are maximized.

 10.16 Opportunity To Consult With Independent Advisors. Executive acknowledges that they have been
afforded the opportunity to consult with independent advisors of their choosing including, without limitation, accountants or tax advisors and counsel regarding both the benefits granted to them under the terms of this Agreement and the
(i) terms and conditions which may affect Executive’s right to these benefits and (ii) personal tax effects of such benefits including, without limitation, the effects of any federal or state taxes, Section 280G of the Code, IRC
409A, and any other taxes, costs, expenses or liabilities whatsoever related to such benefits, which in any of the foregoing instances Executive acknowledges and agrees shall be the sole responsibility of Executive notwithstanding any other term or
provision of this Agreement. Executive further acknowledges and agrees that the Bank shall have no liability whatsoever related to any such personal tax effects or other personal costs, expenses, or liabilities applicable to Executive and further
specifically waives any right for himself, and his heirs, Beneficiaries, legal representatives, agents, successor and assign to claim or assert liability on the part of the Bank related to the matters described above in this paragraph. Executive
further acknowledges that they have read, understand and consent to all of the terms and conditions of this Agreement, and that they enter into this Agreement with a full understanding of its terms and conditions. 

11.0 IRC 409A Penalties. The intent of the parties is that payments and benefits under this Agreement comply with or be exempt
from IRC 409A and, thus, to the maximum extent permitted, this Agreement shall be interpreted to be in compliance therewith or exempt therefrom. Notwithstanding the forgoing, this Agreement has been created as a retention tool for the Bank and
Executive has played a more passive role in its creation. All efforts have been made to make this Agreement compliant with the Code, however, in the event there is a failure in either the document or actual payments hereunder, then Employer shall
reimburse Executive for all penalties incurred as a result of a failure to comply with IRC 409A. 
  

							
	CALIFORNIA BANK OF COMMERCE	 		 	
				
	By:	 	  
	 		 	Date:
                                         
                                         
          
	                                President &
CEO	 	            	 	
			
	  
	 		 	Date:
                                         
                                         
          
	
                          
      Executive– Signature and Date
	 		 	

  
 -19-EX-10.5

 Exhibit 10.5 

CALIFORNIA BANK OF COMMERCE 

SPLIT-DOLLAR AGREEMENT 

(By and Between California Bank of Commerce and Scott Myers) 

This CALIFORNIA BANK OF COMMERCE SPLIT-DOLLAR AGREEMENT (“Agreement”) is made and entered into effective as of
    12/15    , 2020, by and between California Bank of Commerce, a California banking corporation having its main office in Lafayette, California (the “Bank”), and Scott Myers,
an individual (“Insured”). 
 RECITALS: 

A. Insured is currently an executive of the Bank and provides valuable service to the Bank. 

B. The Bank desires to provide Insured with certain death benefits under a life insurance policy or polices purchased by the Bank on the life of Insured. 

NOW, THEREFORE, the parties hereto, for and in consideration of the mutual promises contained herein and for other good and valuable
consideration the receipt and sufficiency of which are hereby acknowledged, intending to be legally bound hereby, do hereby agree as follows: 

1. This Agreement pertains to the life insurance policy or policies (the “Policy”) listed on Exhibit A, attached and made a
part hereto. 
 2. Ownership of Policy. The Bank (or the trustee in the event a Rabbi Trust is established at the direction of the
Bank) shall own all of the right, title and interest in the Policy and shall control all rights of ownership with respect thereto. The Bank, in its sole discretion, may exercise its right to borrow against or withdraw the cash value of the Policy,
but only pursuant to an enforceable order at law or from any regulatory body having jurisdiction over the Bank. In the event coverage under the Policy is increased by the Bank, such increased coverage shall be subject to all of the rights, duties
and obligations set forth in this Agreement. 
 3. Designation of Beneficiary. Insured may designate one or more beneficiaries (on the
Beneficiary Designation Form attached hereto as Exhibit B) to receive that portion of the death benefit under the Policy set forth herein below in paragraph 6(a) (the “Death Benefit”), subject to any right, title or interest the Bank may
have in such proceeds as provided herein. In the event Insured fails to designate a beneficiary, any benefits payable pursuant hereto shall be paid to the estate of Insured. 

4. Maintenance of Policy. It is the Bank’s intention to maintain a life insurance policy for the benefit of the Insured.
Accordingly, the Bank shall be responsible for making any required premium payments and to take all other actions within the Bank’s reasonable control in order to keep the Policy in full force and effect; provided, however, that the Bank must
replace the Policy with a comparable policy or policies so long as Insured’s beneficiaries will be entitled to receive an amount of death proceeds under Section 6 substantially equal to those that the beneficiaries would be entitled
to if the original Policy were to remain in effect. If any such replacement is made, all references herein to the “Policy” shall thereafter be references to such replacement policy or policies. If the Policy contains any premium waiver
provision, any such waived premiums shall be considered for the purposes of this Agreement as having been paid by the Bank. The Bank shall be under no obligation to set aside, earmark or otherwise segregate any funds with which to pay its
obligations under this Agreement, including, but not limited to, payment of Policy premiums. The parties acknowledge that as of the date hereof all Policy premiums have been paid in full. 

  
 -1- 

 (a) Notwithstanding anything in this Agreement to the contrary, in the event that for any
reason: 
 (i) The Insurer as defined in Exhibit A, or any successor Insurer or substitute or replacement Insurer denies a claim under the
Policy; 
 (ii) The Insurer or any successor Insurer or substitute or replacement Insurer fails to pay a claim under the Policy, including
but not limited to as a result of the bankruptcy, insolvency or other similar proceeding being instituted by or against the Insurer or any successor Insurer or substitute or replacement Insurer; or 

(iii) No death benefits have been paid under the Policy to Bank (or to the extent of any endorsement agreed to by Bank to the Insured, the
Insured’s estate or the Beneficiaries); 
 then no amounts shall be due hereunder by Bank to Insured, Insured’s estate or beneficiaries. Insured
and all beneficiaries hereby and will in the future, hold Bank harmless from any payment obligation hereunder to the extent an event described in subsections (1), (ii) or (iii) occurs or a claim under the Policy has not been paid for any reason
by the Insurer or death benefits have not been paid under the Policy to Bank (or to the extent of any endorsement agreed to by Bank to the Insured, the Insured’s estate or the beneficiaries) by Insurer. This hold harmless provision shall not
preclude nor prevent Insured and his beneficiaries from seeking any recoveries from or against Insurer. 
 (b) It is the intent of the
parties that this Agreement provides for a death benefit only and provides Insured with no retirement or deferred compensation benefits or rights. In addition, it is the intent of the parties that this Agreement shall provide a benefit only while
Insured is employed by the Bank, and this Agreement shall terminate upon Insured’s termination of employment in accordance with the provisions of Paragraph 8(a)(iii). 

(c) It is the intent of the parties that any of Insured’s rights to payment hereunder shall be funded solely from the Policy proceeds and
Bank shall have no liability or obligation to Insured in the event of non-payment of Policy death proceeds or default of Insurer for any reason, unless such non-payment
is solely due to the action or inaction of the Bank. 
 5. Reporting Requirements. The Bank will report on an annual basis to Insured
the economic benefit attributable to this Agreement on IRS Form W-2, or if applicable Form 1099, so that Insured can properly include said amount in his or her taxable income. Insured agrees to accurately
report and pay all applicable taxes on such amount as income reportable hereunder to Insured. 

  
 -2- 

 6. Policy Proceeds. Upon the death of Insured, the death proceeds of the Policy shall
be divided in the following manner: 
 (a) In the event the Insured has not terminated employment with the Bank at the time of death,
Insured’s beneficiary(ies) designated in accordance with Section 3 shall be entitled to an amount equal to the lesser of six hundred thousand dollars ($600,000) or one hundred percent (100%) of the Net Amount-at-Risk. The term “Net Amount-at-Risk” shall be defined as the total proceeds of the Policy less the cash value
of the Policy. 
 In the alternative, in the event the Insured has terminated employment with the Bank at the time of death, then this
Agreement shall have terminated pursuant to the terms of Paragraph 8(a)(iii) and neither Insured nor Insured’s designated beneficiaries shall be entitled to receive any amounts under this Agreement. 

For the purposes of this Agreement, Insured will be considered to have terminated his or her employment when they “Separate from
Service” or “terminate employment” within the meaning of Code Section 409A and any future notices or guidance related thereto. 

(b) The Bank shall be entitled to any death proceeds payable under the Policy remaining after payment of the Death Benefit to the
Insured’s beneficiary(ies) under Section 6(a) above. 
 (c) The Bank and Insured shall share in any interest due on the death
proceeds of the Policy on a pro rata basis based upon the amount of proceeds due each party divided by the total amount of proceeds, excluding any such interest. 

7. Cash Surrender Value of the Policy. In addition, and subject to the Bank’s obligations herein, at all times prior to the
Insured’s death, the Bank shall be entitled to an amount equal to the Policy(ies)’s cash value, as that term is defined in the Policy(ies) contract, less (i) any Policy loans or withdrawls or any other indebtedness secured by
the Policy(ies), and any unpaid interest or cash withdrawals previously incurred by the Bank and (ii) any applicable surrender charges. Such cash value shall be determined as of the date of surrender or death as the case may be. 

8. Termination of Agreement. 

(a) This Agreement shall terminate immediately upon the first to occur of the following: 

(i) The distribution of the death benefit proceeds in accordance with Section 6 above; 

(ii) The surrender or termination of the Policy by the Bank (A) pursuant to an enforceable order at law or from any regulatory body
having jurisdiction over the Bank or (B) upon the asset represented by the Policy being classified as substandard by any regulatory body having jurisdiction over the Bank; or 

(iii) Insured’s termination of employment. 

  
 -3- 

 (b) Insured acknowledges and agrees that the termination of this Agreement pursuant to
subsections (a)(ii) through (iii) above shall terminate any rights of the Insured’s Beneficiary(ies) to receive any death proceeds of the Policy under this Agreement, and such termination shall be without any liability of any nature by
Bank to Insured. 
 9. Assignment. Insured shall not make any assignment of Insured’s rights, title or interest in or to the
Death Benefit whatsoever without the prior written consent of the Bank (which may be withheld for any reason or no reason in its sole and absolute discretion) and acknowledgment by the Insurer. The foregoing sentence shall not preclude nor prevent
Insured from changing his beneficiary under the Policy in accordance with the terms of the Policy. 
 10. Administration. 

(a) This Agreement shall be administered by the Compensation Committee of the Board of Directors of the Bank (the “Committee”). 

(b) As the administrator, the Committee shall have the powers, duties and full discretion to: 

(i) Construe and interpret the provisions of this Agreement; 

(ii) Adopt, amend or revoke rules and regulations for the administration of this Agreement, provided they are not inconsistent with the
provisions of this Agreement; 
 (iii) Provide appropriate parties with such returns, reports, descriptions and statements as may be
required by law, within the times prescribed by law and to make them available to the Insured (or the Insured’s beneficiary) when required by law; 

(iv) Take such other action as may be reasonably required to administer this Agreement in accordance with its terms or as may be required by
law; 
 (v) Withhold applicable taxes and file with the Internal Revenue Service appropriate information returns with respect to any
payments and/or benefits provided hereunder; and 
 (vi) Appoint and retain such persons as may be necessary to carry out its duties as
administrator. 
 (c) The Bank shall be responsible for the management, control and administration of the Policy’s death proceeds. The
Bank may, in its reasonable discretion, delegate certain aspects of its management and administrative responsibilities. If the Bank has a claim which it believes may be covered under the Policy, it will contact the Insurer in order to complete a
claim form and determine what other steps need to be taken. The Insurer will evaluate and make a decision as to payment. If the claim is eligible for payment under the Policy, checks will be issued to the Bank and the Beneficiary(ies). If the
Insurer determines that a claim is not eligible for payment under the Policy, the Bank may, in its sole discretion, contest such claim denial by contacting the Insurer in writing, but shall not be liable to Insured for any failure to contest such
claim denial. 

  
 -4- 

 11. Claims Procedures. 

(a) For purposes of these claims procedures, the Committee shall serve as the “Claims Administrator.” 

(b) If the Insured or any beneficiary of the Insured should have a claim for benefits hereunder he or she shall file such claim by notifying
the Claims Administrator in writing. The Claims Administrator shall make all determinations as to the right of any person or persons to a benefit hereunder, and the amount of such benefit, in its full and sole discretion. Benefit claims shall be
made by the Insured, his beneficiary or beneficiaries or a duly authorized representative thereof (the “claimant”). All determinations of the Claims Administrator shall be binding upon the Insured, any claimant, and any person claiming
through them. 
 If the claim is wholly or partially denied, the Claims Administrator shall provide written or electronic notice thereof to
the claimant within a reasonable period of time, but not later than ninety (90) days after receipt of the claim. An extension of time for processing the claim for benefits is allowable if special circumstances require an extension, but such an
extension shall not extend beyond one hundred eighty (180) days from the date the claim for benefits is received by the Claims Administrator. Written notice of any extension of time shall be delivered or mailed within ninety (90) days
after receipt of the claim and shall include an explanation of the special circumstances requiring the extension and the date by which the Claims Administrator expects to render the final decision. 

The notice of adverse benefit determination shall (i) specify the reason for the denial; (ii) reference the provisions of this
Agreement on which the denial is based; (iii) describe the additional material or information, if any, necessary for the claimant to receive benefits and explain why such information is necessary; (iv) indicate the steps to be taken by the
claimant if a review of the denial is desired, including the time limits applicable thereto; and (v) contain a statement of the claimant’s right to bring a civil action under the Employee Retirement Income Security Act of 1974, as amended
(“ERISA”), in the event of an adverse determination on review. 
 If notice of the adverse benefit determination is not furnished
in accordance with the preceding provisions of this Section, the claim shall be deemed denied and the claimant shall be permitted to exercise his right to review as set forth below. 

(c) If a claim is denied and a review is desired, the claimant shall notify the Claims Administrator in writing within sixty (60) days
after receipt of written notice of a denial of a claim. In requesting a review, the claimant may submit any written comments, documents, records, and other information relating to the claim, the claimant feels are appropriate. The claimant shall,
upon request and free of charge, be provided reasonable access to, and copies of, all documents, records and other information “relevant” to the claimant’s claim for benefits. The Claims Administrator shall review the claim taking
into account all comments, documents, records and other information submitted by the claimant, without regard to whether such information was submitted or considered in the initial benefit determination. 

  
 -5- 

 The Claims Administrator shall provide the claimant with written or electronic notification
of the benefit determination upon review. In the event of an adverse benefit determination on review, the notice thereof shall (i) specify the reason or reasons for the adverse determination; (ii) reference the specific provisions of this
Agreement on which the benefit determination is based; (iii) contain a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of all records and other information in the file and
regarding claimant’s claim for benefits; and (iv) inform the claimant of the right to bring a civil action under the provisions of ERISA. 

(d) After exhaustion of the claims procedure as provided herein, nothing shall prevent the claimant from pursuing any other legal or equitable
remedy otherwise available, including the right to bring a civil action under Section 502(a) of ERISA, if applicable. Notwithstanding the foregoing, no legal action may be commenced or maintained against the Bank, the Board, the Compensation
Committee of the Board, and any member of the Board or the Claims Administrator more than ninety (90) days after the claimant has exhausted the administrative remedies set forth in this Section 11. 

(e) In the event a claim above is a claim for disability benefits, then the applicable time periods for notifying claimants regarding benefit
determinations shall be reduced as required by 29 CFR 2560.503-1. Thus, the plan administrator shall provide notice to the claimant within a reasonable period of time, but not later than forty-five
(45) days after receipt of the claim. This period may be extended by up to thirty (30) days, provided that the plan administrator both determines that such an extension is necessary due to matters beyond the control of the plan and
notifies the claimant, prior to the expiration of the initial forty-five (45) day period, of the circumstances requiring the extension of time and the date by which the plan expects to render a decision. If, prior to the end of the first thirty
(30) day extension period, the administrator determines that, due to matters beyond the control of the plan, a decision cannot be rendered within that extension period, the period for making the determination may be extended for up to an
additional thirty (30) days, provided that the plan administrator notifies the claimant, prior to the expiration of the first thirty (30) day extension period, of the circumstances requiring the extension and the date as of which the plan
expects to render a decision. In the case of any extension under this paragraph, the notice of extension shall specifically explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim,
and the additional information needed to resolve those issues, and the claimant shall be afforded at least forty-five (45) days within which to provide the specified information. In addition to complying with such timing rules, a claim under
this paragraph shall comply with all procedural requirements under ERISA, including but not limited to providing a detailed explanation for the denial in a language calculated to be understood by the Claimant, considering all submitted information
regardless of whether submitted in the initial claim, avoiding conflicts of interest when making a determination, and advising of any statutory filing deadlines. 

12. Confidentiality. Insured agrees that the terms and conditions of this Agreement, except as such may be disclosed in financial
statements and tax returns, or in connection with estate planning, or otherwise required by state or federal securities laws or any regulatory authority, are and shall forever remain confidential, and Insured agrees that he shall not reveal the
terms and conditions contained in this Agreement at any time to any person or entity, other than his financial and professional advisors unless required to do so by a court of competent jurisdiction. 

  
 -6- 

 13. Other Agreements. The benefits provided for herein for Insured are supplemental
life insurance benefits and shall not be deemed to modify, affect or limit any salary or salary increases, bonuses, profit sharing or any other type of compensation of Insured in any manner whatsoever. No provision contained in this Agreement shall
in any way affect, restrict or limit any existing employment agreement between the Bank and Insured, nor shall any provision or condition contained in this Agreement create specific rights of Insured or limit the right of the Bank to discharge
Insured with or without cause. Except as otherwise provided therein, nothing contained in this Agreement shall affect the right of Insured to participate in or be covered by or under any qualified or
non-qualified pension, profit sharing, group, bonus or other supplemental compensation, retirement or fringe benefit plan constituting any part of the Bank’s compensation structure whether now or
hereinafter existing. 
 14. Withholding. Notwithstanding any of the provisions hereof, the Bank may withhold from any payment to be
made hereunder or deemed reportable income such amount as it may be required to withhold under any applicable federal, state or other law, and transmit such withheld amounts to the applicable taxing authority, in accordance with
Section 10(b)(v) above. 
 15. Miscellaneous Provisions. 

(a) Counterparts. This Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an
original, and all such counterparts shall constitute one and the same instrument. 
 (b) Survival. The provisions of Sections 4(a), 12 and 15
of this Agreement shall survive the termination of this Agreement indefinitely, regardless of the cause of, or reason for, such termination. 

(c) Construction. As used in this Agreement, the neuter gender shall include the masculine and the feminine, the masculine and feminine genders
shall be interchangeable among themselves and each with the neuter, the singular numbers shall include the plural, and the plural the singular. The term “person” shall include all persons and entities of every nature whatsoever, including,
but not limited to, individuals, corporations, partnerships, governmental entities and associations. The terms “including,” “included,” “such as” and terms of similar import shall not imply the exclusion of other items
not specifically enumerated. 
 (d) Severability. If any provision of this Agreement or the application thereof to any person or circumstance
shall be held to be invalid, illegal, unenforceable or inconsistent with any present or future law, ruling, rule or regulation of any court, governmental or regulatory authority having jurisdiction over the subject matter of this Agreement, such
provision shall be rescinded or modified in accordance with such law, ruling, rule or regulation and the remainder of this Agreement or the application of such provision to the person or circumstances other than those as to which it is held
inconsistent shall not be affected thereby and shall be enforced to the greatest extent permitted by law. 
 (e) Governing Law. This
Agreement is made in the State of California and shall be governed in all respects and construed in accordance with the laws of the State of California without regard to its conflicts of law principles, except to the extent superseded by the Federal
laws of the United States. 

  
 -7- 

 (f) Binding Effect. This Agreement is binding upon the parties, their respective successors,
permitted assigns, heirs and legal representatives. Without limiting the foregoing, the terms of this Agreement shall be binding upon Insured’s estate, administrators, personal representatives and heirs. This Agreement may be assigned by Bank
to any party to which Bank assigns or transfers the Policy. This Agreement has been approved by the Committee and the Bank agrees to maintain an executed counterpart of this Agreement in a safe place as an official record of the Bank. 

(g) [Omitted]. 
 (h) Assignment of
Rights. None of the payments provided for by this Agreement shall be subject to seizure for payment of any debts or judgments against the Insured or any beneficiary; nor shall the Insured or any beneficiary have any right to transfer, modify,
anticipate or encumber any rights or benefits hereunder; provided, however, that the undistributed portion of any benefit payable hereunder shall at all times be subject to set-off for debts owed by Insured to
Bank. 
 (i) Entire Agreement. This Agreement (together with its exhibits, which are incorporated herein by reference) constitutes the entire
agreement of the parties with respect to the subject matter hereof and supersedes all prior or contemporaneous negotiations, agreements and understandings, whether oral or written, relating to the subject matter hereof. 

(j) Notice. Any notice to be delivered under this Agreement shall be given in writing and delivered by hand, or by first class, certified or
registered mail, or by nationally-recognized overnight delivery service, postage prepaid, addressed to the Bank or the Insured, as applicable, at the address for such party set forth below or such other address designated by notice. 

Bank:         California Bank of Commerce 

         3595 Mt. Diablo Blvd., Suite 220 

         Lafayette, CA 94549 

         Attn: President & Chief Executive Officer 

Insured:     Scott Myers-last address provided to Bank 

Such notice shall be deemed to have been given upon the earlier of receipt or refusal. 

(k) Non-waiver. No delay or failure by either party to exercise any right under this Agreement, and no
partial or single exercise of that right, shall constitute a waiver of that or any other right. 
 (l) Headings. Headings in this Agreement
are for convenience only and shall not be used to interpret or construe its provisions. 

  
 -8- 

 (m) Amendment. No amendments or additions to this Agreement shall be binding unless in
writing and signed by both parties. No waiver of any provision contained in this Agreement shall be effective unless it is in writing and signed by the party against whom such waiver is asserted 

(n) Seal. The parties hereto intend this Agreement to have the effect of an agreement executed under the seal of each. 

(o) Purpose. The primary purpose of this Agreement is to provide certain death benefits to the Insured as a member of a select group of
management or highly compensated employees of the Bank. 
 (p) The parties do not intend that any amounts payable under this Agreement will
be subject to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”), and this Agreement shall be interpreted and administered in accordance with such intention. Notwithstanding the foregoing, the Bank may amend,
modify or terminate this Agreement (and may do so retroactively) without the consent and or approval of the Insured or any beneficiary of the Insured if such amendment, modification or termination is necessary to either make this Agreement not
subject to Code Section 409A, or to ensure compliance with Code Section 409A or in order to avoid the application of any penalties that may be imposed upon the Insured and any beneficiary of the Insured pursuant to the provisions of Code
Section 409A. Notwithstanding the foregoing, Insured understands and agrees that he bears the entire risk of any adverse federal, state or local tax consequences and penalty taxes which may result from payment on a basis contrary to the
provisions of Section 409A or comparable provisions of any applicable state or local income tax laws. 
 IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be executed as of the day and year set forth above. 
  

									
	CALIFORNIA BANK OF COMMERCE	 		 	INSURED
			
	 /s/ Steven E. Shelton
	 		 	
                    /s/
Scott Myers

	President & CEO	 		 	
					
	DATE:	 	12/9/20	 		 	DATE:	 	12/15/20

  
 -9-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00347-of-00352.parquet"}]]