Amendment to Employment Agreement between East West Bancorp, Inc. and Dominic Ng (March 2024)

Summary

East West Bancorp, Inc. and Dominic Ng have agreed to amend their existing employment agreement. The amendment, effective March 5, 2024, changes the term of employment so that the agreement will now end on March 5, 2027, unless the company chooses to extend it. All other terms of the original employment agreement remain unchanged.

EX-10.1 2 ewbc10110q3312024.htm EX-10.1 Document

Exhibit 10.1

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment Agreement is dated as of March 5, 2024 (the "Amendment Effective Date") and amends that certain Employment Agreement dated as of June 25, 1998 (as amended from time to time, the "Employment Agreement") by and between East West Bancorp, Inc. ("Company") and Dominic Ng ("Employee").

The following terms and conditions of the Employment Agreement are hereby modified as of the Amendment Effective Date:

1.Section 3.1 (Term) of the Agreement is hereby modified in its entirety to read as follows:

This Agreement and employment under this Agreement shall terminate on March 5, 2027 unless extended by Company.

2.Except as expressly agreed to herein, the Employment Agreement shall remain in force and effect.


			EAST WEST BANCORP, INC.
			/s/ GARY TEO
			Gary Teo
			Chief Human Resources Officer

			/s/ DOMINIC NG
			Employee: Dominic Ng