CVB Financial enters employment agreements with four NEOs, providing two-year terms and enhanced severance

CVB FINANCIAL CORP

Agreements effective July 2, 2024, with two-year term through June 30, 2026, and automatic one-year renewals.
NEOs: CFO E. Allen Nicholson, CCO David F. Farnsworth, COO David C. Harvey, and General Counsel Richard H. Wohl.
Annual bonus target: 0-60% of base salary metrics-based plus 0-20% discretionary; equity grants target ~100% of base salary per year.
Change-in-control severance: 2x base salary plus 2x average bonus for prior 2 years, plus 24 months COBRA, plus equity acceleration.
Severance upon termination without cause is discretionary, determined by Compensation Committee on case-by-case basis.

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