Banc of California enters amended CEO employment with Wolff; base salary raised to $875K

BANC OF CALIFORNIA, INC.

Term runs March 1, 2022 to February 28, 2025, subject to annual extensions unless notice provided.
Base salary increased to $875,000 per annum from prior level.
Annual target bonus set at 100% of base salary; long-term equity target 110% of base.
Termination without cause pays 100% base salary plus 50% target bonus, 12 months COBRA subsidy.
Change in control within 2 years triggers 300% of salary plus bonus, full equity vesting, 18 months COBRA.

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