Amendment to Employment Agreement between East West Bancorp, Inc. and Douglas Krause

Summary

East West Bancorp, Inc. and Douglas Krause have agreed to amend their existing employment agreement. The amendment, effective March 5, 2024, changes the term of employment so that it 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-10.2 3 ewbc10210q3312024.htm EX-10.2 Document

Exhibit 10.2

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 September 17, 1999 (as amended from time to time, the "Employment Agreement") by and between East West Bancorp, Inc. ("Company") and Douglas Krause ("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/ DOUGLAS KRAUSE
			Employee: Douglas Krause