Document:

Exhibit

Exhibit 10.39

Offer of Employment, dated June 9, 2017, between Tribune Media Company and Gavin Harvey

June 7, 2017

Gavin Harvey
[Address on File with Registrant]

Dear Gavin:
I am pleased to extend a conditional offer of employment to you as Interim President, WGN America & Tribune Studios at WGN America ("Company") .Your anticipated start date is June 26,2017, and although your employment is at-will and may end at any time, your anticipated last day of employment is the sooner of 90 days after the close of the merger between Tribune Media and Sinclair Broadcast Group, or June 29, 2018, whichever comes first. You will be located in New York, NY with regular travel to Los Angeles, CA. The principal terms of our employment offer are as follows:
Your initial base salary rate will be $50,000.00 per month, less applicable withholdings and deductions, and paid in accordance with the Company's payroll practices. Your salary will be subject to periodic review on the same basis as similarly situated employees.
WGN America offers its employees a benefits package, including medical, dental, life, disability, personal accident insurance and reimbursement accounts. You may contact the Mercer Benefits Center at (888) 867-5960 with any questions pertaining to your benefits package. You have up to 31days from your hire date to make your benefit elections. If you make your benefit elections within 31days of your date of hire, your coverage will begin on the first day of the calendar month following your date of hire. If you do not elect coverage within 31days of your hire date, you will not be eligible to enroll in coverage until the next annual open enrollment period. Company benefit plans and programs may be modified, or terminated by the Company at any time, in its sole discretion, subject to the terms of any particular plan or program.
This offer of employment is made expressly contingent upon your: (1) passing our Company background check; (2) continued compliance with the Tribune Media Non-Disclosure Agreement, Code of Business Conduct and Employee Handbook; (3) proving that you are legally authorized to work in the United States by completing 1-9 paperwork within the first three days of your employment, which includes your submission of acceptable documentation (as noted on the 1-9 form) verifying your identity and work authorization; and (4) execution and agreement to the enclosed covenants.
Your employment with WGN America is for no specified period and constitutes at-will employment. This means that either you or WGN America may terminate your employment at any time, with or without advance notice, and for any or no particular reason or cause. The at-will employment relationship cannot be modified except in writing signed by a representative of the Company authorized to make such a modification.
Once again, we look forward to your joining WGN America! In order to indicate your official acceptance of this offer, please sign below and return a copy of this letter with your signature by email to Michael Davis Velasco at mdavisvelasco@tribunemedia.com. If you have any questions, please feel free to contact me directly.

Sincerely,
/s/ Peter Kern
Peter Kern
President & Chief Executive Officer
Tribune Media Company

/s/ Michael Davis Velasco
Michael Davis Velasco
Senior Vice President, Human Resources & Chief Labor / Employment Counsel
Tribune Media Company

ACKNOWLEDGED AND AGREED:

/s/ Gavin Harvey                            June 9, 2017
Gavin Harvey                            Date

CC:         Employee FileExhibit

 
	
			
	 
	 
	Exhibit 10.3B

March 8, 2018

Hugh Boyle
Bank of California, Inc. (the “Company”)
Banc of California, N.A. (the “Bank”) and 
together collectively with Company, the (“Employer”)
Chief Risk Officer

Dear Hugh: 

Upon the expiration of your employment contract with Employer on April 1, 2018, the following employment and compensation terms will become effective:

	
			
	Position
	 
	Your title of Chief Risk Officer of the Employer, reporting to President and CEO Doug Bowers, will remain unchanged.

	Workplace
	 
	Your workplace location will continue to be at the Company’s headquarters located at 3 MacArthur Place, Santa Ana, CA 92707.

	Base Salary
	 
	Your base salary will be $400,000.00 annually, minus applicable withholdings.  The Bank has a semi-monthly payroll schedule with paydays on the 10th and 25th of each month.  If a payday falls on a weekend or holiday, the payday will be the preceding business day. 

Effective April 1, 2019, your base salary will be increased to $425,000.00 annually, minus applicable withholdings.  The Bank has a semi-monthly payroll schedule with paydays on the 10th and 25th of each month.  If a payday falls on a weekend or holiday, the payday will be the preceding business day. 

Effective April 1, 2020, your base salary will be increased to $450,000.00 annually, minus applicable withholdings.  The Bank has a semi-monthly payroll schedule with paydays on the 10th and 25th of each month.  If a payday falls on a weekend or holiday, the payday will be the preceding business day. 

	Short-Term Bonus Incentive
	 
	You are also eligible to participate in an annual cash bonus incentive plan. Your bonus incentive target is 75% of your base salary at the end of the bonus period. The actual payment of your bonus will be based upon the achievement of performance criteria as determined by the Company’s Board of Directors or the Joint Compensation and Human Capital Committee of the Boards of Directors of the Company and the Bank (including any sub-committee or sub-group of that committee, the “Compensation Committee”). All bonus payments are not earned until paid. You must be an active employee in good standing at the time of payment to be eligible.

3 MacArthur Place  Santa Ana, CA 92707  bancofcal.com

 
	
			
	 
	 
	Exhibit 10.3B

	
			
	Long-Term Equity Incentive
	 
	You may be eligible to receive an annual equity award as determined annually by the Company’s Board of Directors or the Compensation Committee. The terms and conditions of any Long-Term Equity Incentive award, including vesting, is subject to the discretion of the Company’s Board of Directors or the Compensation Committee.

	Severance Provision
	 
	If your employment is terminated by Employer without cause  between April 1, 2018 and April 1, 2019, you will receive the following:

●   12-months base salary as of the notification date, and;
●   12-months medical, dental and vision insurance coverage for any enrolled benefit as of the notification date (or the cash equivalent thereof), and;
●   At the sole discretion of the Company’s Board of Directors or the Compensation Committee, acceleration of any service-based equity awards due to vest within 365 days of termination date, and;
●   At the sole discretion of the Company’s Board of Directors or the Compensation Committee, the acceleration of any performance-based stock award (“PSU”).

The payment of any severance amount or benefit is subject to the signing of a separation agreement and full release, in a form acceptable to Employer. This provision, unless previously terminated, shall be extended for one additional year on April 1, 2019 unless the Employer provides at least ninety (90) days prior notice that this provision will not be so extended.

“Cause” is defined as engaging in the commission of any felony or of any misdemeanor involving dishonesty or moral turpitude; Theft or misuse of Employer’s property or time; Insubordination; unauthorized use of alcohol on premises, or appearing on such premises while under the influence; illegal use of any controlled substance; illegal gambling on premises; discriminatory, harassing or retaliatory behavior, whether or not illegal under federal, state or local law; willful misconduct; causing injury to the economic or ethical welfare of Employer due to malfeasance, misfeasance, misconduct or inattention to duties and responsibilities; breach of fiduciary duty; intentional violation of any material law, rule, regulation or judicial or administrative order to which Employer or any affiliate is subject or of any formal administrative action entered into by Employer or any affiliate, or imposed upon any of them; willful failure to perform duties for or on behalf of Employer or its affiliates, or to follow, or cooperate in carrying out, any lawful material written policy adopted by Employer (including any written code of conduct or standards of ethics applicable to employees of Employer) or any reasonable directive from the Company or Bank Board.

	Time Off
	 
	As a Senior Officer, you will be eligible to participate in the Company’s Flexible Time Off policy which provides the benefit of taking time off without having to accrue time off hours.  In addition, you will be eligible for six (6) days of paid sick leave on January 1st of each calendar year.  You will also be eligible for up to ten (10) Bank paid holidays.

3 MacArthur Place  Santa Ana, CA 92707  bancofcal.com

 
	
			
	 
	 
	Exhibit 10.3B

Your participation in the Company sponsored benefits and 401(k) plan remain unchanged.  

After (i) April 1, 2019; or (ii) if the section titled “Severance Provision” has been extended or renewed to a date after April 1, 2019, then the actual expiration date of the “Severance Provision” section, then the following two clauses shall be in effect: (x) your employment with Employer shall be “at will,” meaning that both you and the Employer have the right to terminate your employment at any time without notice or cause, and (y) Employer further reserves the right to change the terms of Employee’s employment including but not limited to the terms in this offer at any time, with or without reason, and with or without notice unless required by law. This letter shall not be construed as a contract of employment.  

3 MacArthur Place  Santa Ana, CA 92707  bancofcal.com

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