SEVERANCE AND RELEASE AGREEMENTSeverance and Release Agreement • October 11th, 2011 • Hanmi Financial Corp • National commercial banks • California
This Severance and Release Agreement (the “Agreement”) is entered into by and between Brian E. Cho (hereinafter “Employee”) 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 “Hanmi”). Hanmi and Employee have mutually agreed to end their employment relationship effective October 14th, 2011 (the “Severance Date”). 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 Employee’s employment with and/or separation from Hanmi. Employee and Hanmi are individually referred to as a “Party” and collectively referred to as the “Parties.”
