Exhibit 10.2
CVB FINANCIAL CORP. 2008 EQUITY INCENTIVE PLAN
AMENDMENT NO. 1
THIS AMENDMENT NO. 1 (the Amendment) to the CVB Financial Corp. 2008 Equity Incentive Plan
(the Plan), adopted by CVB Financial Corp., a California corporation (the Company), is
effective as of September
16, 2009. All capitalized terms in this Amendment shall have the same
meaning as in the Plan.
Whereas, pursuant to Section 8.1 of the Plan, the Board of Directors of the Company
may, in its sole discretion, amend the Plan, or any part thereof, at any time and for any reason;
provided that no such amendment alters or impairs any rights or obligations under any award
previously granted to any participant in the Plan;
Whereas, the Board of Directors has deemed it to be in the best interests of the
Company to amend the Plan to add language to the end of Section 7.5, and on September 16, 2009,
adopted an amendment to the Plan in the form set forth below:
NOW THEREFORE, in compliance with the terms of the Plan, the following sentence is added as
the last sentence of Section 7.5:
Notwithstanding the foregoing, the Company shall be permitted to grant an Award or Awards in
excess of 100,000 Shares in the fiscal year ended December 31, 2009, to the Companys Chief
Executive Officer in connection with his performance of services for the Company and its
Subsidiaries.
Survival. Except as modified hereby, all of the provisions of the Plan remain in full
force and effect.
References. Any reference to the Plan contained in any document, instrument or
agreement executed in connection with the Agreement, shall be deemed to be a reference to the Plan
as modified by this Amendment.
IN WITNESS WHEREOF, this Amendment to the Plan is effective as of the date first above
written.
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CVB FINANCIAL CORP.
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By: |
/s/ Edward J. Biebrich, Jr.
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Name: |
Edward J. Biebrich, Jr. |
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Title: |
Chief Financial Officer |
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