PENNYMAC FINANCIAL SERVICES, INC. 2022 EQUITY INCENTIVE PLAN STOCK OPTION AWARD AGREEMENT
Exhibit 10.1
PENNYMAC FINANCIAL SERVICES, INC.
2022 EQUITY INCENTIVE PLAN
THIS AGREEMENT is dated as of ___________, 2023, between PennyMac Financial Services, Inc., a corporation organized under the laws of the State of Delaware (the “Company”), and the individual identified in Section 1 below (the “Recipient”).
Recipient
Number of Optioned Shares
Exercise Price Per Share
Grant Date___________, 2023
Vesting Commencement Date___________, 2023
Expiration Date___________, 2033
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IN WITNESS WHEREOF, the parties have executed this Agreement as a sealed instrument as of the date first above written.
PENNYMAC FINANCIAL SERVICES, INC.
By:
Name:
Title:
Address:
The Recipient:
By:
Name:
Title:
Address:
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EXHIBIT A
PENNYMAC FINANCIAL SERVICES, INC. 2022 EQUITY INCENTIVE PLAN
BENEFICIARY DESIGNATION
In accordance with the terms and conditions of the PennyMac Financial Services, Inc. 2022 Equity Incentive Plan (the “Plan”), I hereby designate the following as my primary beneficiary(ies) to receive any payments or distributions under the Plan:
Name and Address (If Trust - Name of Trust and Trustee) | Social Sec. # (If Trust – Tax ID #) | Relationship | Date of Birth | Percentage |
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In the event the above-named primary beneficiary(ies) predecease(s) me, I designate the following as contingent beneficiary(ies):
Name and Address (If Trust - Name of Trust and Trustee) | Social Sec. # (If Trust – Tax ID #) | Relationship | Date of Birth | Percentage |
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I expressly revoke all prior designations of beneficiary(ies), reserve the right to change my beneficiary(ies) and agree the rights of beneficiary(ies) shall be subject to the terms of the Plan. In the event there is no beneficiary living at the time of my death, I understand the amounts payable under the Plan will be paid to my estate.
Date:
(Signature)
(Print or type name)
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