Amendment to Employment Agreement between East West Bancorp, Inc. and Irene Oh

Summary

East West Bancorp, Inc. and Irene Oh have agreed to amend their existing employment agreement. The amendment, effective December 21, 2022, changes the term of Irene Oh's employment so that it will now end on December 21, 2023, unless the company chooses to extend it. All other terms of the original employment agreement remain unchanged.

EX-10.1 2 ewbc10110q9302022.htm EX-10.1 Document

AMENDMENT TO EMPLOYMENT AGREEMENT

This Amendment is dated as of December 21, 2022 (the “Amendment Effective Date”) and amends that certain Employment Agreement dated as of December 21, 2016 (as amended from time to time, the “Employment Agreement”) by and between East West Bancorp, Inc. (“Company”) and Irene Oh (“Employee”).

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

1. Section 2 (Term) of the Employment Agreement is hereby modified in its entirety to read as follows:

This Agreement and employment under this Agreement shall terminate on December 21, 2023 unless extended by Company.

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

EAST WEST BANCORP, INC.

By: _________________________

____________________________

Employee: Irene Oh