SEC Contract Filing

Filing Date: 2015-05-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.13J
<SEQUENCE>5
<FILENAME>a3312015-ex1013j.htm
<DESCRIPTION>EXHIBIT 10.13J
<TEXT>
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<a name="sda5235b38cb141b7b35ba98fbf5b2542"></a><div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Exhibit 10.13J</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div></div><br><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">BANC OF CALIFORNIA, INC.</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">2013 OMNIBUS STOCK INCENTIVE PLAN</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">NONQUALIFIED OPTION AGREEMENT</font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;text-decoration:underline;">(PERFORMANCE-BASED)</font></div><div style="line-height:120%;padding-bottom:16px;padding-top:12px;text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">NQSO NO. ______</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Option is granted pursuant to this Nonqualified Option Agreement (the &#8220;Agreement&#8221;) on _____________, 20___ (the &#8220;Grant Date&#8221;) by Banc of California, Inc. (f/k/a First PacTrust Bancorp, Inc.), a Maryland corporation (the &#8220;Company&#8221;), to _____________ (the &#8220;Optionee&#8221;), in accordance with the following terms and conditions:</font></div><div style="line-height:120%;padding-left:5px;padding-bottom:12px;text-align:left;text-indent:48px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:12pt;padding-right:42px;">1.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Option Grant and Exercise Period</font><font style="font-family:inherit;font-size:12pt;">. The Company hereby grants to the Optionee a Nonqualified Option (&#8220;Option&#8221;) to purchase, pursuant to the Banc of California, Inc. (f/k/a First PacTrust Bancorp, Inc.) 2013 Omnibus Stock Incentive Plan, as the same may be amended from time to time (the &#8220;Plan&#8221;), and upon the terms and conditions therein and hereinafter set forth, an aggregate of ______ Shares (the &#8220;Option Shares&#8221;) of Common Stock at the price of $______ per Share (the &#8220;Exercise Price&#8221;). A copy of the Plan, as currently in effect, is incorporated herein by reference and is attached to this Agreement. Capitalized terms used herein which are not defined in this Agreement shall have the meanings ascribed to such terms in the Plan.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:5px;text-indent:41px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Option shall vest and become exercisable only during the period (the &#8220;Exercise Period&#8221;) commencing at the time[s] as provided in Section 2 below, and ending at 5:00 p.m., Pacific time, on the date 10 years after the Grant Date (the &#8220;Expiration Date&#8221;) subject to earlier vesting and/or earlier expiration pursuant to Sections 6 and 8 below.</font></div><div style="line-height:120%;padding-left:5px;padding-bottom:12px;text-align:left;text-indent:48px;"><font style="padding-bottom:12px;text-align:left;font-family:inherit;font-size:12pt;padding-right:42px;">2.</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Vesting of this Option</font><font style="font-family:inherit;font-size:12pt;">. The Option Shares shall become vested and exercisable during the Exercise Period based on the level of achievement of the performance goal[s] specified in Annex A hereto (the &#8220;Performance Goal[s]&#8221;) during the performance period[s] specified in Annex A hereto (the &#8220;Performance Period[s]&#8221;). As soon as practicable following the end of the applicable Performance Period, the Committee shall determine (a) whether, and to what extent, the Performance Goal[s] for the Performance Period [has/have] been achieved, and (b) the extent to which the Option Shares have accordingly become vested and exercisable. Such determination shall be final, conclusive and binding on the Optionee and on all other persons. </font></div><div style="line-height:120%;padding-bottom:12px;text-align:left;padding-left:5px;text-indent:41px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">This Option is subject to forfeiture until it vests. Except as otherwise provided herein, this Option will vest and become non-forfeitable on the date[s] the Committee certifies the achievement of the Performance Goal[s] in accordance with this Section 2, subject to (a) determination by the Committee of the achievement of the minimum threshold Performance Goal[s] for vesting set forth in Annex A hereto, and (b) the Optionee not experiencing a Termination of Employment prior to the date that the Committee certifies the achievement of the Performance Goal[s]. </font></div><div style="line-height:120%;padding-left:5px;padding-bottom:12px;text-alig