SEC Contract Filing

Filing Date: 2025-05-20

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>tm2515588d1_ex10-1.htm
<DESCRIPTION>EXHIBIT 10.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PACIFIC PREMIER BANCORP,&nbsp;INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AMENDED AND RESTATED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2022 LONG-TERM INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;I</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ESTABLISHMENT OF THE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pacific Premier Bancorp,&nbsp;Inc. and any Subsidiary thereof (together,
the &ldquo;Company&rdquo;) hereby establishes the Amended and Restated 2022 Long-Term Incentive Plan (the &ldquo;Plan&rdquo;) upon the
terms and conditions hereinafter stated. The Purpose of the Plan is to promote the long-term success of the Company and the creation of
stockholder value by (a)&nbsp;encouraging officers, employees, directors and individuals performing services for the Company as consultants
or independent contractors to focus on critical long-range objectives, (b)&nbsp;encouraging the attraction and retention of officers,
employees, directors, consultants and independent contractors with exceptional qualifications and (c)&nbsp;linking officers, employees,
directors, consultants and independent contractors directly to stockholder interests through ownership of the Company. Awards granted
under the Plan may be stock options, restricted stock or stock appreciation rights.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>Article&nbsp;II</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DEFINITIONS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.01</B>&emsp;&ldquo;Award&rdquo; means any Option, Restricted Stock,
Restricted Stock Unit or Stock Appreciation Right granted under the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.02</B>&emsp;&ldquo;Award Agreement&rdquo; means the written agreement
pursuant to Article&nbsp;VI hereof that sets forth the terms, conditions, restrictions and privileges for an Award and that incorporates
the terms of the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.03</B>&emsp;&ldquo;Bank&rdquo; means Pacific Premier Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.04</B>&emsp;&ldquo;Board&rdquo; means the Board of Directors of
the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.05</B>&emsp;&ldquo;Cause&rdquo; shall have the meaning set forth
in the Participant&rsquo;s employment or other agreement with the Company, provided that if the Participant is not a party to any such
employment or other agreement or such employment or other agreement does not contain a definition of Cause, then Cause shall mean: (i)&nbsp;a
failure of the Participant to substantially perform his or her duties including, without limitation, repeated refusal to follow the reasonable
directions of Participant&rsquo;s employer, knowing violation of law in the course of performance of the duties of Participant&rsquo;s
employment with the Company, or repeated absences from work without a reasonable excuse, (ii)&nbsp;the Participant&rsquo;s willful misconduct
or gross negligence, (iii)&nbsp;the Participant shall have committed an act of fraud, embezzlement, misappropriation or breach of fiduciary
duty against the Company, or (iv)&nbsp;the Participant shall have been convicted by a court of competent jurisdiction of, or pleaded guilty
or nolo contendere to, conduct constituting a felony.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>2.06</B>&emsp;&ldquo;Change in Control&rdquo; shall have the meaning
specified in an Award Agreement. In the absence of any definition in the Award Agreement, &ldquo;Change in Control&rdquo; means the occurrence
of any of the following events subsequent to the date of this Plan or applicable Award Agreement: (i)&nbsp;any &ldquo;person&rdquo; (as
such term is used in Sections 13(d)&nbsp;and 14(d)&nbsp;of the Exchange Act), after the date hereof, other than a trustee or other fiduciary
holding securities under an employee benefit plan of the Company or any affiliate of the Company, is or becomes the &ldquo;beneficial
owner&rdquo; (as defined in Rule&nbsp;13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing
25% or more of the combined voting power of the Company&rsquo;s then outstand