Central Pacific Financial Corp. 2023 Stock Compensation Plan – Notice of Restricted Stock Unit Grant

Summary

This document notifies the recipient that they have been granted Restricted Stock Units (RSUs) by Central Pacific Financial Corp. under its 2023 Stock Compensation Plan. The RSUs will vest evenly over a specified period, according to the provided schedule. The grant is subject to the terms and conditions of both the Stock Compensation Plan and the Restricted Stock Unit Agreement. The recipient must sign and return the notice by the specified date to accept the grant and its terms.

EX-10.4 5 exhibit104formofnoticeofre.htm EX-10.4 Document

Exhibit 10.4

Central Pacific Financial Corp.

2023 Stock Compensation Plan

Notice of Restricted Stock Unit Grant

This Notice of Restricted Stock Unit Grant (“Notice”) is to notify you that you have been granted Restricted Stock Units of Central Pacific Financial Corp. under the Central Pacific Financial Corp. 2023 Stock Compensation Plan (the “Plan”) with the following terms:


Name of Participant:						Date of Grant:

Number of Restricted Stock Units Granted:

Vesting Dates:


	Shares Vesting
Vesting Dates*	% of Shares	# of Shares



	100%

*Vesting Date will be the next business day if the date noted above falls on a weekend or holiday.

For the entire grant, vesting is time-based, wherein shares vest evenly over a __-year period in accordance with the above schedule.

The Restricted Stock Units are granted under and governed by the terms and conditions of the Plan and the Restricted Stock Unit Agreement (the “Agreement”), both of which are included with this Notice.

By your accepting this grant, you agree that the terms and conditions of the Plan and the Agreement govern this grant.

I, the above-referenced Participant hereby accept this grant, and acknowledge and agree that this grant shall be subject to the terms and conditions of the Plan and the Agreement.

Signature Date


Please sign and date this document no later than [date].