SEPARATION AND SETTLEMENT AGREEMENTSeparation and Settlement Agreement • November 8th, 2013 • Banc of California, Inc. • National commercial banks • California
This Separation and Settlement Agreement (“Agreement”) is entered into on or about November 6, 2013 by and between ROBERT M. FRANKO (the “EXECUTIVE”), on the one hand, and BANC OF CALIFORNIA, INC., a Maryland corporation (f/k/a First PacTrust Bancorp, Inc.), and BANC OF CALIFORNIA, NATIONAL ASSOCIATION, a national banking association (as successor to both Pacific Trust Bank, FSB, a federal savings bank, and Beach Business Bank, a California corporation), on the other hand (BANC OF CALIFORNIA, INC., and BANC OF CALIFORNIA, NATIONAL ASSOCIATION, together with any and all of its and their subsidiaries and affiliates and any predecessor entities, collectively, “COMPANY”) (EXECUTIVE and COMPANY collectively referred to herein as the “Parties,” and each a “Party”).
