EXHIBIT 10.21
HANMI FINANCIAL CORPORATION
2007 EQUITY COMPENSATION PLAN
FORM OF
NOTICE OF STOCK OPTION GRANT AND AGREEMENT
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Option Number: shares |
| Address:
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Plan Name: 2007 Equity Incentive Plan |
Effective , (“Grant Date”), you have been granted incentive stock option to
purchase ( ) shares of Hanmi Financial Corporation common stock at an
Exercise Price of $ per share pursuant to the Hanmi Financial Corporation. 2007 Equity
Incentive Plan (the “Plan”). Except as otherwise defined herein, terms with initial capital
letters shall have the same meanings set forth in the Plan. A copy of the Plan is attached to this
Notice and Agreement. The terms and conditions of the Plan are incorporated herein by this
reference.
Subject to the terms and conditions of the Plan, this Option shall vest over a period of five
(5) years beginning on the Grant Date. On each anniversary of the Grant Date during this five
year period, 20% of the shares that may be purchased under this Option shall become vested and
this Option shall be exercisable with respect to the vested shares. This Option shall expire
and shall no longer be exercisable ten (10) years from the Grant Date.
By accepting this grant and exercising any portion of the Option, you represent that you: (i) agree
to the terms and conditions of this Notice and Agreement and the Plan; (ii) have reviewed the Plan
and the Notice and Agreement in their entirety, and have had an opportunity to obtain the advice of
legal counsel and/or your tax advisor with respect thereto; (iii) fully understand and accept all
provisions hereof; (iv) agree to accept as binding, conclusive, and final all of the
Administrator’s decisions regarding, and all interpretations of, the Plan and the Notice and
Agreement; and (v) agree to notify the Company upon any change in your home address indicated
above.
Please return a signed copy of this Notice of Stock Option Grant and Agreement to Hanmi Bank HR
Dept., 3660 Wilshire Blvd., PH-A, Los Angeles, CA 90010 and retain a copy for your records.
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Dated: |
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For Hanmi Financial Corporation
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Jay S. Yoo, President & CEO |
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ACKNOWLEDGMENT
I hereby acknowledge receipt of a copy of this Agreement as well as a copy of the Stock Option Plan.