SEC Contract Filing

Filing Date: 2016-02-26

Document Content:
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<TYPE>EX-10.26
<SEQUENCE>2
<FILENAME>d161172dex1026.htm
<DESCRIPTION>EX-10.26
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<TITLE>EX-10.26</TITLE>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.26 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>FCB Financial Holdings, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B></B><B>Management Long-Term Incentive Plan </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <I></I><B><I>Purposes.</I></B><I></I> The purposes of the FCB Financial Holdings, Inc. Management Long-Term Incentive Plan are (a)&nbsp;to
advance the interests of the Company and its stockholders by providing a means to further motivate the management of the Company and its Affiliates, upon whose judgment, initiative and efforts the continued success, growth and development of the
Company is dependent; (b)&nbsp;to link the rewards of the management of the Company and its Affiliates to the achievement of specific performance objectives and goals; and (c)&nbsp;to assist the Company and its Affiliates in maintaining a
competitive total compensation program that serves to [attract and] retain the most highly qualified individuals. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">2.
<I></I><B><I>Definitions.</I></B><I></I> When used in the Plan, unless the context otherwise requires: </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(a) &#147;<U>Affiliate</U>&#148;
shall mean any Entity controlling, controlled by, or under common control with the Company or any other Affiliate. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(b)
&#147;<U>Adjustment Percentage</U>&#148; with respect to a Plan Year shall mean the adjustment, stated as a percentage, to the Target Award based on the Company&#146;s Actual Core Pre-Tax Income for such Plan Year and shall be determined as follows:
</P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD VALIGN="bottom" COLSPAN="2" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Adjustment&nbsp;Percentage</B></TD>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">If Actual CPTI for the year exceeds Budgeted CPTI for such year by more than 9.99% of Budgeted CPTI for such year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="right">125</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">If Actual CPTI for the year is less than Budgeted CPTI for such year by more than 9.99% of Budgeted CPTI for such year</P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
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<TD VALIGN="bottom" ALIGN="right">75</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
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<TD VALIGN="top"> <P STYLE="margin-left:1.00em; text-indent:-1.00em; font-size:10pt; font-family:Times New Roman">If Actual CPTI for the year is within 9.99% &plusmn; of Budgeted CPTI for such year</P></TD>
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<TD VALIGN="bottom" ALIGN="right">100</TD>
<TD NOWRAP VALIGN="bottom">%&nbsp;</TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">A Target Award&#146;s adjustment for the 2016 Plan Year, 2017 Plan Year and 2018 Plan Year shall be referred
to respectively as the &#147;<U>2016 Adjustment</U>&#148;, &#147;<U>2017 Adjustment</U>&#148; and &#147;<U>2018 Adjustment</U>&#148;. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(c)
&#147;<U>Actual CPTI</U>&#148; or &#147;<U>Actual Core Pre-Tax Income</U>&#148; with respect to a Plan Year shall mean the actual CPTI (as reflected in the Company&#146;s financial statements) as adjusted to remove the impact of any expense
attributable to the Awards under this Plan that is different (whether more or less) than the expense attributable to this Plan in the Budgeted CPTI and any unplanned non-reoccurring events, including, but not limited to, acquisitions or dispositions
of a business, discontinued operations, restructuring charges, and changes in accounting rules or regulations. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(d)
&#147;<U>Award</U>&#148; shall mean an award granted under the Plan. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(e) &#147;<U>Bank</U>&#148; shall mean Florida Community Bank, National Association. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">(f) &#147;<U>Board of Directors</U>&#14