FORM OF SEVERANCE AND RELEASE AGREEMENTForm of Severance and Release Agreement • April 9th, 2009 • Hanmi Financial Corp • National commercial banks • California
This Severance and Release Agreement (the “Agreement”) is entered into by and between (the “Director”) and Hanmi Bank and its affiliated or related parent or subsidiary corporations, as well as their respective attorneys, agents, representatives, partners, joint ventures, successors, assigns, insurers, employees, officers, and directors (hereinafter collectively referred to as “the Bank”). The purpose of this Agreement is to settle and compromise any and all disputes and controversies of any nature existing between the parties arising out of the Director’s relationship with and/or separation from the Bank.
