Document:

EXHIBIT
10.4

 

FORM
OF

PACIFIC PREMIER BANCORP, INC.

2004 LONG-TERM INCENTIVE PLAN

 

RESTRICTED
STOCK AGREEMENT

 

Restricted Stock Agreement (this “Agreement”), dated as of
                         (the
“Grant Date”), between Pacific Premier Bancorp, Inc. (the “Company”) and
                                                
(the “Participant”). This Agreement is pursuant to the terms of the Pacific
Premier Bancorp, Inc. 2004 Long-Term Incentive Plan (the “Plan”), a copy of
which has been furnished to the Participant and the terms of which are
incorporated herein by reference. Unless otherwise indicated, whenever
capitalized terms are used in this Agreement, they shall have the meanings set
forth in the Plan.

 

Section 1.  Grant of Award.  The Participant is hereby granted an award
of restricted stock representing
                    shares
of Common Stock under the terms and conditions specified herein (the “Award”).

 

Section 2.  Vesting of Shares.

 

2.1                           Vesting
Schedule.  Subject to
Section 3, shares covered by the Award (the “Restricted Shares”) shall
vest based on the passage of time according to the following vesting schedule:

 

2

 

	
  Number of Restricted Shares

  	
   

  	
  Vesting
  Date

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

2.2                                 Accelerated
Vesting.  Notwithstanding
Section 2.1, Restricted Shares shall become fully and immediately vested
upon a Sale Event.

 

2.3                                 Discretionary
Vesting.  The Board may, in its sole
discretion, accelerate the vesting of any or all Restricted Shares at any time
and for any reason.

 

Section 3.  Forfeiture in the Event of Termination of
Employment. If the Participant’s employment with the Company and its
subsidiaries is terminated for any reason, the Participant shall forfeit his or
her interest in any Restricted Shares that have not yet become vested, which
shall be cancelled and be of no further force or effect.

 

Section 4.  Dividends and Voting Rights.  The Participant shall be entitled to receive
any dividends paid with respect to the Restricted Shares; provided, however,
that no dividends shall be payable to or for the benefit of a Participant with
respect to record dates occurring prior to the Grant Date, or with respect to
record dates occurring on or after the date, if any, on which the Participant
has forfeited the Restricted Shares pursuant to Section 3 hereof.  The Participant shall be entitled to vote
the Restricted Shares to the same extent as would have been applicable to the
Participant if the Participant was then vested in the Restricted Shares; provided,
however, that the Participant shall not be entitled to vote the
Restricted Shares with respect to record dates occurring prior to the Grant
Date, or with respect to record dates occurring on or after the date, if any,
on which the Participant has forfeited the Restricted Shares pursuant to
Section 3 hereof.

 

Section 5.  Adjustments.  If at any time while the Award is
outstanding, the number of outstanding shares of Common Stock is changed by
reason of a reorganization, recapitalization, stock split or any other event
described in Article V of the Plan, the number and/or kind of Restricted
Shares covered by the Award shall be adjusted accordingly pursuant to the
provisions of the Plan.

 

Section 6.  Limitations on Restricted Shares.  Restricted Shares may not be sold, assigned,
transferred, pledged or otherwise encumbered until the Participant is vested in
such shares in accordance with the provisions hereof.

 

Section 7.  No Right to Continued Employment.
Nothing in this Agreement shall confer upon a Participant who is an employee of
the Company or any of its subsidiaries any right to continue in the employ of
the Company or any of its subsidiaries or to interfere in any way with the
right of the Company or any of its subsidiaries to terminate the Participant’s
employment at any time.

 

Section 8.  Deposit of Restricted Shares.  Each certificate issued in respect of
Restricted Shares granted under this Agreement shall be registered in the name
of the Participant and shall be deposited with an escrow agent designated by the
Board.  The grant of Restricted Shares
is conditioned upon the Participant endorsing in blank a stock power for the
Restricted Shares.

 

3

 

Section 9.  Withholding of Taxes.  The Company shall withhold from any amounts
due and payable by the Company to the Participant (or secure a cash payment
from the Participant in lieu of withholding) the amount of any federal or state
withholding or other taxes, if any, due from the Company with respect to the
Restricted Shares.

 

Section 10.  Miscellaneous Provisions.

 

10.1                           Notices.
All notices, requests and demands to or upon a party hereto shall be in writing
and shall be deemed to have been duly given when delivered by hand or three
days after being deposited in the mail, postage prepaid or, in the case of
facsimile notice, when received, addressed as follows or to such other address
as either party may have furnished to the other in writing in accordance
herewith, except that notices of change of address shall be effective only upon
receipt.

 

4

 

(a)                                  If
to the Company, to the following address:

 

Pacific Premier Bancorp, Inc.

1600 Sunflower Avenue, 2nd Floor

Costa Mesa, California  92626

Attn: Steven R. Gardner,

President and Chief Executive Officer

Facsimile:  (714) 433-3080

 

(b)                                 If
to the Participant, to the address or facsimile number as shown on the
signature page hereto.

 

10.2                           Amendment.  This Agreement may be amended only by a
writing executed by the parties hereto that specifically states that it is
amending this Agreement.

 

10.3                           Governing
Law.  This Agreement shall be
construed and interpreted in accordance with and governed by the laws of the
State of Delaware, other than the conflict of laws provisions of such laws.

 

10.4                           Titles.  Titles are provided herein for convenience
only and are not to serve as a basis for interpretation or construction of this
Agreement.

 

10.5                           Construction.  The construction of this Agreement is vested
in the Board, and the Board’s construction shall be final and conclusive on all
persons.

 

5

 

IN
WITNESS WHEREOF, this Agreement has been executed and
delivered by the parties hereto.

 

 

	
  PARTICIPANT

  	
  PACIFIC PREMIER BANCORP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   Name:

  	
   Name:

  
	
   

  	
   

  
	
   

  	
   Title:

  
	
   

  	
   

  	
   

  
	
   Address:

  	
   

  
	
   

  	
   

  	
   

  
	
   Telephone Number:

  	
   

  
	
   

  	
   

  	
   

  
	
   Facsimile:

  	
   

  

 

6Exhibit
10.1

 

UNITED
STATIONERS INC.

2004 LONG-TERM INCENTIVE PLAN

NON-QUALIFIED STOCK OPTION GRANT

[For
Non-Employee Directors]

 

«FirstName»«LastName»

«Street»

«BoxApart»

«City»,
«State» «Zip»

 

Dear «FirstName»:

 

Effective as of
                ,
2004 (the “Grant Date”), you have been granted the stock option (the “Option”)
described in this letter (the “Letter”). 
The Option is granted by United Stationers Inc. (the “Company”) pursuant
to the Company’s 2004 Long-Term Incentive Plan (the “Plan”).  Unless otherwise specified, capitalized terms
in this Letter have the respective meanings specified in the Plan.

 

(1)                            Grant.  Subject to the terms of the Plan and this
Letter, the Option permits you to purchase from the Company «Grant» shares of Stock of the Company (the
“Covered Shares”) at
$                  
per share.  The number of shares and the
price per share are subject to adjustment as provided in the Plan.  It is intended that the Option shall not be
treated as an incentive stock option (as such term is defined in
Section 422 of the Internal Revenue Code of 1986, as amended).

 

(2)                            Vesting.  Subject to the limitations of this Letter,
each installment (the “Installment”) of Covered Shares of the Option shall be
vested and exercisable on and after the vesting date (the “Vesting Date”) for
such Installment as described in the following schedule (but only if your
Date of Termination has not occurred before the Vesting Date):

 

	
  INSTALLMENT

  	
   

  	
  VESTING DATE

  
	
  One-third of the
  Covered Shares

  	
   

  	
  One-year
  anniversary of Grant Date

  
	
  One-third of the
  Covered Shares

  	
   

  	
  Two-year
  anniversary of Grant Date

  
	
  One-third of the
  Covered Shares

  	
   

  	
  Three-year
  anniversary of Grant Date

  

 

The Option may not
be exercised for fractional shares of Stock. 
If the number of shares of Stock constituting an “Installment” in
accordance with the foregoing schedule (without regard to this sentence)
is not a whole number of shares, the Installment shall be rounded down to the
next lowest whole share, and the number of shares of Stock subject to the next
Installment shall equal the sum of the number of shares determined in
accordance with the foregoing schedule plus the fractional share carried
over from the prior Installment.  If this
sum is not a whole number of shares of Stock, the Installment shall be rounded
down to the next lowest whole share, and any fractional share shall be carried
over to the next Installment as described in the preceding sentence.  In the event of a Change of Control or an
Anticipated Change of Control, the Option shall become vested and exercisable
prior to 

 

 

the dates
specified in the foregoing provisions of this Paragraph 2 to the extent
expressly provided in the Plan.  Subject
to the preceding sentence, the Option may be exercised on or after your Date of
Termination only as to that portion of the Covered Shares for which it was
exercisable immediately prior to your Date of Termination, or became
exercisable upon your Date of Termination.

 

(3)                            Expiration
of Option.  The Option shall not be
exercisable after 5:00 p.m. Central Time on the last business day that occurs
on or prior to the Expiration Date.  The
“Expiration Date” shall be the earliest to occur of:

 

(a)                                  the
ten-year anniversary of the Grant Date;

 

(b)                                 if
your Date of Termination occurs by reason of death, Retirement, or Permanent
and Total Disability, the one-year anniversary of such Date of Termination; or

 

(c)                                  if
your Date of Termination occurs for reasons other than death, Retirement, or
Permanent and Total Disability, the 90-day anniversary of such Date of Termination.

 

(4)                            Payment.  Unless the Committee otherwise provides, the
Option may be exercised by giving written notice to the Treasurer of the
Company, stating the number of shares of Stock with respect to which the Option
is being exercised and tendering payment therefor.  The payment of the Exercise Price of the
Option granted under this Paragraph 4 shall be subject to the following:

 

(a)                                  Subject
to the following provisions of this Paragraph 4, the full Exercise Price for
shares purchased upon the exercise of any Option shall be paid at the time of
such exercise (except that, in the case of an exercise arrangement approved by
the Committee, and described in Subparagraph 4(c), payment may be made as soon
as practicable after the exercise).

 

(b)                                 The
Exercise Price shall be payable in cash, or by tendering, by either actual
delivery of shares or by attestation, shares of Stock acceptable to the
Committee, and valued as of the day of exercise, or in any combination thereof,
all as determined by the Committee.  The
Committee may limit payments made with shares of Stock pursuant to this
Subparagraph 4(b) to shares held by you for not less than six months prior to
the payment date.

 

(c)                                  Subject
to applicable law, the Committee may permit you to elect to pay the Exercise
Price upon the exercise of the Option by irrevocably authorizing a third party
to sell shares of Stock (or a sufficient portion of the shares) acquired upon
exercise of the Option and remit to the Company a sufficient portion of the
sale proceeds to pay the entire Exercise Price and any tax withholding
resulting from such exercise.

 

(d)                                 The
Committee, in its sole discretion, may permit you to elect to pay the Exercise
Price by any other method.

 

2

 

(e)                                  If
any taxes are required to be collected with respect to the issue or transfer of
shares of Stock upon the exercise of the Option, it shall be a condition to the
performance of the Company’s obligation to issue or transfer such shares of
Stock  that you pay, or make provision
satisfactory to the Company for the payment of, such taxes.  At your election, and subject to such rules
and limitations as may be established by the Committee from time to time, such
withholding obligations may be satisfied: (i) through cash payment by you; (ii)
through the surrender of shares of Stock which you already own (provided,
however, that to the extent shares described in this clause (ii) are used to
satisfy more than the minimum statutory withholding obligation, as described
below, then, except as otherwise provided by the Committee, payments made with
shares in accordance with this clause (ii) shall be limited to shares of Stock
held by you for not less than six months prior to the payment date); or (iii)
through the surrender of shares of Stock to which you are otherwise entitled
under the Plan; provided, however, that such shares under this clause (iii) may
be used to satisfy not more than the Company’s minimum statutory withholding
obligation (based on minimum statutory withholding rates for Federal, state and
local tax purposes, including payroll taxes, that are applicable to such
supplemental taxable income).

 

(5)                            Transferability.  Except as otherwise provided by the Committee
or in this Paragraph 5, the Option is not transferable other than as designated
by you by will or by the laws of descent and distribution and, during your
life, may be exercised only by you.  The
Committee, in its discretion, may permit you to transfer the Option for no
consideration to or for the benefit of your Immediate Family (including,
without limitation, to a trust for the benefit of your Immediate Family or to a
partnership or limited liability company for one or more members of your
Immediate Family), subject to such limits as the Committee may establish, and
the transferee shall remain subject to all the terms and conditions applicable
to the Option prior to such transfer.  In
the discretion of the Committee, the foregoing right to transfer the Option may
apply to the right to consent to amendments to this Letter and may also apply
to the right to transfer ancillary rights associated with the Option.  The term “Immediate Family” means your
spouse, parents, children, stepchildren, sisters, brothers and grandchildren,
by birth or through legal adoption (and, for this purpose, shall also include
you).

 

(6)                            Certificates.

 

(a)                                  Certificates
representing shares of Stock issuable upon exercise of the Option may be
legended in such fashion as the Company may require and shall be subject to
such restrictions on disposition as may be required to comply with federal and
state securities laws.

 

(b)                                 To
the extent that the Plan provides for the issuance of stock certificates to
reflect the issuance of shares of Stock, the issuance may be effected on a
non-certificated basis, to the extent not prohibited by applicable law or the
applicable rules of any stock exchange.

 

3

 

(7)                            Miscellaneous.

 

(a)                                  You
covenant and agree with the Company that if, at the time of exercise of the
Option, there does not exist a Registration Statement on an appropriate form
under the Securities Act of 1933, as amended (the “Act”), which Registration
Statement shall have become effective and shall include a prospectus that is
current with respect to the shares of Stock subject to the Option, then you
shall execute and deliver a certificate to the Company indicating (i) that you
are purchasing the Stock under such Option for your own account and not with a
view to the resale or distribution thereof, (ii) that any subsequent offer for
sale or sale of any shares of Stock shall be made either pursuant to (x) a
Registration Statement on an appropriate form under the Act, which Registration
Statement shall have become effective and shall be current with respect to the
shares of Stock being offered or sold, or (y) a specific exemption from the
registration requirements of the Act and any rules and regulations thereunder
and any applicable state securities laws and regulations, but in claiming such
exemption, you shall, prior to any offer for sale or sale of such shares of
Stock, obtain a favorable written opinion from counsel for or approved by the
Company as to the applicability of such exemption, and (iii) that you agree
that the certificate or certificates evidencing such shares of Stock shall bear
a legend to the effect of the foregoing.

 

(b)                                 Notwithstanding
anything in this Letter to the contrary, the terms of this Letter shall be
subject to the terms of the Plan, a copy of which may be obtained by you from
the office of the Secretary of the Company; and this Letter is subject to all
interpretations, amendments, rules and regulations promulgated by the Committee
from time to time pursuant to the Plan.

 

(c)                                  You
shall not, by reason of participation in the Plan, acquire any right in or
title to any assets, funds or property of the Company or any Subsidiary.  You shall have only a contractual right to
the shares of Stock, unsecured by any assets of the Company or any Subsidiary,
and without a guarantee that the assets of the Company or any Subsidiary shall
be sufficient to pay any benefits to any person.  Nothing herein confers upon you any right to
continue to serve as a Director of the Company or any Subsidiary.  Except as otherwise expressly provided in
this Letter or the Plan, you shall not have any of the rights of a stockholder
of the Company with respect to the shares of Stock subject to the Option prior
to the date on which you fulfill all conditions for receipt of such rights or
any rights to receive any additional Options or Awards under the Plan or any
other plan or arrangement of the Company or any Subsidiary.

 

(d)                                 You
assume all risks incident to any change hereafter in applicable laws or
regulations or incident to any changes in the market value of the stock after
the exercise of the Option in whole or in part.

 

(e)                                  You
acknowledge that certain taxes may be required to be withheld at the time you
exercise the Option.  The Company makes
no representation as to the federal 

 

4

 

or state tax treatment of
the Option granted under this Letter. 
You should consult your personal tax advisor as to the reporting of any
taxable income and the payment of any tax under federal or state law as a result
of your exercise of any portion of the Option granted under this Letter.

 

(f)                                    The
Company shall have no obligation to deliver any shares of Stock under the Plan
unless such delivery or distribution would comply with all applicable laws
(including, without limitation, the requirements of the Securities Act of
1933), and the applicable requirements of any securities exchange or similar
entity.  The Company shall use
commercially reasonable efforts to comply with any applicable federal or state
law (which shall expressly not include registration of such share(s) under the
Act and any applicable state laws) in order to issue such share(s) as soon as
practicable after exercise.

 

(g)                                 The
terms of the Option are subject to modification to the extent permitted by the Plan.

 

(h)                                 This
Letter and the rights and obligations hereunder shall be governed by and
construed in accordance with the laws of the State of Delaware, without regard
to the principles of conflicts of law of Delaware or any other jurisdiction.

 

(8)                            Permanent
and Total Disability.  For purposes
of this Letter, the term “Permanent and Total Disability” means your inability,
due to illness, accident, injury, physical or mental incapacity or other
disability, effectively to carry out your duties and obligations as a Director
of the Company or to participate effectively and actively as a Director of the
Company for 90 consecutive days or shorter periods aggregating at least 180
days (whether or not consecutive) during any twelve-month period.

 

(9)                            Retirement.  For purposes of this Letter, your Date of
Termination shall be considered to have occurred by reason of “Retirement” to
the extent provided by the Committee.

 

	
   

  	
  Very truly yours,

  
	
   

  	
   

  
	
   

  	
  UNITED STATIONERS INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  
	
   

  	
  /s/ Frederick B. Hegi,
  Jr.

  	
   

  
	
   

  	
  Frederick B. Hegi, Jr.

  
	
   

  	
  Chairman of the Board

  

 

5

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