SEC Contract Filing

Filing Date: 2019-11-04

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex_161877.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<html><head>
	<title>ex_161877.htm</title>
	<!-- Generated by ThunderDome Portal - 10/31/2019 1:21:45 AM --><meta charset="utf-8"><meta name="format-detection" content="telephone=no">
</head>
<body style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding: 0in 0.1in; cursor: auto;">
<p style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: right;"><b>EXHIBIT 10.2</b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><b>WESTAMERICA BANCORPORATION<br>
EMPLOYEE RESTRICTED STOCK UNIT AWARD GRANT NOTICE<br>
(2019 Omnibus Equity Incentive Plan) </b></p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">As a key leader in our business, you are in a position to have significant influence on the performance and success of Westamerica Bancorporation (the &#8220;<b>Company</b>&#8221;). I am pleased to inform you that, in recognition of the role you play in our collective success, you have been granted a Restricted Stock Unit Award. This award is subject to the terms and conditions of the Westamerica Bancorporation 2019 Omnibus Equity Incentive Plan, this Grant Notice, and the following Restricted Stock Unit Agreement, and by signing below, you agree to these terms and conditions. The details of this award are indicated below.</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="margin-left:0%;width:79.8%;text-indent:0;font-family:'Times New Roman', Times, serif;font-size:10pt;">

 <tr>
 <td style="vertical-align:bottom;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Grantee:</p>
 </td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 </tr>
 <tr>
 <td style="vertical-align:bottom;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Date of Grant:</p>
 </td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 </tr>
 <tr>
 <td style="vertical-align:bottom;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Number of Restricted Stock Units:</p>
 </td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 </tr>
 <tr>
 <td style="vertical-align:bottom;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Vesting Commencement Date:</p>
 </td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 </tr>
 <tr>
 <td style="vertical-align:bottom;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Performance-Vesting Period:</p>
 </td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 </tr>
 <tr>
 <td style="vertical-align:top;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Performance-Vesting Criteria:</p>
 </td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:184.8pt;margin-right:0pt;margin-top:0pt;text-align:left;">&nbsp;</p>
 </td>
 </tr>
 <tr>
 <td style="vertical-align:top;width:47%;">&nbsp;</td>
 <td style="vertical-align: bottom; width: 54.4%; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 </tr>
 <tr>
 <td style="vertical-align:bottom;width:47%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Delivery Date:</p>
 </td>
 <td style="vertical-align:bottom;width:54.4%;">
 <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Applicable Vesting Date</p>
 </td>
 </tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">WESTAMERICA BANCORPORATION</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; width: 80%;">

 <tr>
 <td style="width: 89px;">By:</td>
 <td style="width: 572px; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 <td style="width: 740px;">&nbsp;</td>
 </tr>
 <tr>
 <td style="width: 89px;">Name:</td>
 <td style="width: 572px; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 <td style="width: 740px;">&nbsp;</td>
 </tr>
 <tr>
 <td style="width: 89px;">Title:</td>
 <td style="width: 572px; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td>
 <td style="width: 740px;">&nbsp;</td>
 </tr>

</table>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</p>

<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">Acknowledged and agreed as of the __________________, 20__:</p>

<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</p>

<table border="0" cellpa