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EXHIBIT 10.11    
    

 
 

Amendment to
  Amended and Restated 1997 UnionBanCal Corporation Performance Share Plan    
    

        A new Section 11A is hereby added to the Amended and Restated 1997 UnionBanCal Corporation Performance Share Plan (the "Plan"), effective January 1,
2005, which provides as follows: 

"11A. Section 409A.  

Notwithstanding
any provision to the contrary in the Plan or a Performance Share Agreement, if a Participant becomes eligible to receive payment of all or a portion of an Earned Award prior to the end
of the Performance Cycle, the following provisions shall apply: 

	(a)
	If
the Participant becomes eligible to receive payment upon termination of employment (whether by reason of death, disability, retirement or otherwise), payment shall be made within
one month following "separation from service" (as defined under Section 409A of the Code), if the Company determines that such payment is subject to Section 409A; provided, however, that
if the Company also determines that the Participant is a "specified employee" (as defined under Section 409A of the Code) at the time of such separation from service, payment shall be delayed
until six months and one day following separation from service if the Company determines that such delayed payment is required in order to avoid a prohibited distribution under
Section 409A(a)(2) of the Code;

	(b)
	If
the Participant's payment is accelerated by reason of disability, without regard to termination of employment, the Participant must be considered "disabled" as defined in
Section 409A(a)(2)(C), and payment shall be made within one month following such disability, if the Company determines that such payment is subject to Section 409A; and

	(c)
	If
the Participant has deferred the payment of all or a portion of an Earned Award in accordance with such procedures as the Company may prescribe consistent with the requirements of
Section 409A of the Code, payment shall be subject to the provisions of such deferral arrangement. 

The
Plan is intended to comply with the provisions of Section 409A of the Code and shall be interpreted accordingly. If any provision or term of the Plan or any Performance Share Agreement
would be prohibited by or inconsistent with the requirements of Section 409A of the Code, then such provision or term shall be deemed to be reformed to comply with Section 409A of the
Code." 

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EXHIBIT 10.11

Amendment to Amended and Restated 1997 UnionBanCal Corporation Performance Share PlanQuickLinks
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EXHIBIT 10.13    
    

 
 

UNIONBANCAL CORPORATION
  PERFORMANCE SHARE AGREEMENT    
    

        This Agreement is made as of January 1, 2008, (the "Award Date"), between UNIONBANCAL CORPORATION (the "Company" or "UNBC") and
                                     ("Participant").

WITNESSETH:

        WHEREAS,
the Company has adopted the 1997 UnionBanCal Corporation Performance Share Plan, as amended and restated (the "Plan") authorizing the grant of Target Awards of Performance
Shares to eligible individuals in connection with the performance of services for the Company and its Subsidiaries (as defined in the Plan). The Plan, including the definition of terms, is
incorporated in this Agreement by reference and made a part of it. In the event of any conflict among the provisions of the Plan document and this Agreement, the Plan document shall prevail; and 

        WHEREAS,
the Company regards Participant as a valuable contributor to the Company, and has determined that it would be to the advantage and interest of the Company and its shareholders
to grant to Participant the Target Award of Performance Shares provided for in this Agreement, subject to performance against certain criteria, as an inducement to remain in the service of the company
and as an incentive for increased efforts during such service; 

        NOW,
THEREFORE, in consideration of the foregoing premises, and the mutual covenants herein contained, the parties to this Agreement hereby agree as follows: 

	1.
	Target
Award.    The Company hereby grants to Participant
                                     Performance Shares for the
Performance Cycle extending from January 1, 2008 through December 31, 2010. Performance Shares are not actual shares of Company stock and, therefore, do not
convey any shareholder rights.

	2.
	Earned
Award.    The number of Performance Shares actually earned will be based on the Company's percentile ranking relative to the Peer Banks
for Return on Average Equity, subject to any adjustments that may be made under the provisions of this Agreement or of Section 8 of the Plan, for the years 2008,
2009, and 2010, according to the following table: 

	UNBC %ile

Ranking vs. Peer

Banks
 
	 	Multiple of

Target Award

Earned

	3 75th %ile	 	2X
	   50th %ile	 	1X
	   25th %ile	 	.25X
	< 25th %ile	 	0X

The
number of Performance Shares actually earned may be increased up to 20% (except for Named Executive Officers), or decreased up to 20% at the discretion of the Committee, subject to a maximum
Earned Award of two times the Target Award. 

For
UNBC percentile ranking between the 75th and 25th percentiles, other than at the 50th percentile, the Committee may interpolate
between levels in order to determine the appropriate multiple of the Target Award. 

1

 
	3.
	Value
and Payment of Earned Awards.    The value payable to Participant for an Earned Award shall equal one share of Company common stock for
each Performance Share actually earned. The shares of Company common stock shall be issued pursuant to the Company's Management Stock Plan within 21/2 months following the end of the
Performance Cycle or credited to the Participant's account as deferred stock units if deferred in accordance with such procedures as the Company may prescribe. The Company shall, to the extent
required by law, have the right to deduct from payments the amount of any federal, state or local taxes required by law to be withheld.

	4.
	Designation
of Beneficiaries.    On a form provided to the Company, Participant may designate a beneficiary or beneficiaries to receive, in the
event of Participant's death, all or part of any amounts to be distributed to Participant under the Plan.

	5.
	Employee
Rights.    Participant may not assign or transfer his or her rights under the Plan except as expressly provided under the Plan.
Participation in the Plan does not create a contract of employment, imply or confer any other employment rights, or confer any ownership, security or other rights to Company assets.

	6.
	Termination
of Employment.    Termination prior to the end of the Performance Cycle shall result in forfeiture of all opportunity to receive an
Earned Award, except as provided below:

	(a)
	If
Participant's employment is terminated at any time after the first nine months of the Performance Cycle (i) under the provisions of the Company's Separation Pay Plan
(pursuant to which Participant has executed a release agreement), or (ii) by reason of retirement (defined below), death, or disability (defined below), Participant (or Participant's
beneficiary or estate in the event of death) will be eligible to receive an Earned Award equal to the sum of (1) the number of Performance Shares (as a multiple of the Target Award) earned for
the years in the Performance Cycle that were completed prior to the termination of employment or disability, plus (2) 100% of the Target Award for each of the years in the Performance Cycle
that were not completed prior to the termination of employment. For purposes of this Agreement, "retirement" means termination of employment with the Company and its Subsidiaries after attaining age
sixty (60) with ten (10) years of service, or age sixty-two (62) with five (5) years of service, with the Company or any of its Subsidiaries. For purposes of
this Agreement, "disability" means that the Participant has become entitled to long-term disability benefits under the Union Bank of California Long Term Disability Plan.

	(b)
	Payment
for an Earned Award under Section 6(a) shall be made under Section 3, in shares of common stock or deferred stock units credited to the Participant's account, if
applicable, within one month following the employment termination date.

	(c)
	If
Participant is on a leave of absence from the Company or a Subsidiary because of disability, or for the purpose of serving the government of the country in which the principal
place of employment of Participant is located, either in a military or civilian capacity, or for such other purpose or reason as the Committee may approve, Participant shall not be deemed during the
period of such absence, by virtue of such absence alone, to have terminated employment with the Company or a Subsidiary except as the Committee may otherwise expressly provide. 

2

 

	7.
	Mandatory
Arbitration.    Any dispute arising out of or relating to this Agreement, including its meaning or interpretation, shall be resolved
solely by arbitration before an arbitrator selected in accordance with the rules of the American Arbitration Association. The location for the arbitration shall be in San Francisco, Los Angeles or San
Diego as selected by the Company in good faith. Judgment on the award rendered may be entered in any court having jurisdiction. The party the arbitrator determines is the prevailing party shall be
entitled to have the other party pay the expenses of the prevailing party, and in this regard the arbitrator shall have the power to award recovery to such prevailing party of all costs and fees
(including attorney fees and a reasonable allocation for the costs of the Company's in-house counsel), administrative fees, arbitrator's fees and court costs, all as determined by the
arbitrator. Absent such award of the arbitrator, each party shall pay an equal share of the arbitrator's fees. All statutes of limitation which would otherwise be applicable shall apply to any
arbitration proceeding under this paragraph. The provisions of this paragraph are intended by the Participant and the Company to be exclusive for all purposes and applicable to any and all disputes
arising out of or relating to this Agreement. The arbitrator who hears and decides any dispute shall have jurisdiction and authority only to award compensatory damages to make whole a person or entity
sustaining foreseeable economic damages, and, shall not have jurisdiction and authority to make any other award of any type, including without limitation, punitive damages, unforeseeable economic
damages, damages for pain, suffering or emotional distress, or any other kind or form of damages. The remedy, if any, awarded by the arbitrator shall be the sole and exclusive remedy for any dispute
which is subject to arbitration under this paragraph.

	8.
	California
Law.    The Plan and this Agreement shall be construed and enforced according to the laws of the State of California to the extent not
preempted by the federal laws of the United States of America.

	9.
	Section 409A.    Participant
acknowledges that Participant's receipt of certain benefits under this Agreement otherwise payable upon
termination of employment may be subject to Section 409A of the Internal Revenue Code or similar laws regulating the payment of deferred compensation ("Section 409A"). If the Company
determines that the Participant is a "specified employee" (as defined under Section 409A) at the time of termination of employment, payment shall be delayed until six months and one day
following termination of employment if the Company determines that such delayed payment is required in order to avoid a prohibited distribution under Section 409A(a)(2) of the Code.

	10.
	Entire
Agreement.    The Plan and this Agreement constitute the entire agreement between the Company and Participant pertaining to the subject
matter hereof, and supersedes all prior or contemporaneous written or verbal agreements and understandings between the parties in connection therewith. 

        IN
WITNESS WHEREOF, the parties hereto have duly executed this Performance Share Agreement as of the date first above written. The Participant also hereby acknowledges receipt of a copy
of the 1997 UnionBanCal Corporation Performance Share Plan, as amended and restated. 

	UnionBanCal Corporation	 	 
	

By	

 Paul Fearer, Executive Vice President	
 	

 
	

 	

 	
 	

 Participant Signature
	

 	

 	
 	

	 	 	 	Participant Printed Name

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EXHIBIT 10.13

UNIONBANCAL CORPORATION PERFORMANCE SHARE AGREEMENT

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