RBB Bancorp finalizes employment agreement with President Johnny Lee; $575K salary, $100K bonus

RBB Bancorp

3-year term starting June 15, 2023; base salary $575,000, subject to annual board review.
Signing bonus of $100,000; must be repaid if Executive voluntarily resigns within six months.
Restricted stock unit award of 16,500 shares, vesting 33.33% per year over three years.
Severance: 6 months salary if terminated without cause; 12 months salary plus benefits on change in control.
One-year non-solicitation covenant for banking customers within 50 miles of Los Angeles.

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