EXHIBIT 10.2
CVB FINANCIAL CORP.
2008 EQUITY INCENTIVE PLAN
FORM
OF NOTICE OF NON-QUALIFIED STOCK OPTION GRANT AND AGREEMENT
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Name:
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Option Number: |
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Address:
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Plan Name: 2008 Equity Incentive Plan |
Effective , 200 , (“Grant Date”), you have been granted a non-qualified stock option
(“Option”) to purchase ( ) shares of CVB Financial Corp. common stock
(“Shares”). The Exercise Price to acquire the Shares underlying this Option is $ per share
pursuant to the CVB Financial Corp. 2008 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.
This Option shall be exercisable only with respect to the Shares that are
vested. Subject to the terms and conditions of the Plan, the Shares
underlying this Option shall vest beginning , your date
of hire. Each installment shall be equal to of
the Shares underlying this Option. Vesting shall cease immediately upon your
termination of employment.
This Option shall expire and shall no longer be exercisable 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 [insert contact
name and address of the Company], and retain a copy for your records.
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Dated: |
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[Insert Title] |
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AGREED AND ACCEPTED: |
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Dated: |
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