BANK OF HAWAII CORPORATION 2014 STOCK AND INCENTIVE PLAN RESTRICTED STOCK grant AGREEMENT (Performance Based) pursuant to THE BANK OF HAWAII Corporation SELECT EXECUTIVE RETENTION PROGRAMRestricted Stock Grant Agreement • March 31st, 2021 • Bank of Hawaii Corp • State commercial banks
This Restricted Stock Grant Agreement ("Agreement") dated ###GRANT_DATE### ("Grant Date"), between Bank of Hawaii Corporation, a Delaware corporation ("Company"), with its registered office at 130 Merchant Street, Honolulu, Hawaii 96813, and ###PARTICIPANT_NAME### ("Grantee"), an executive of the Company or subsidiary of the Company who as of the Grant Date is an Eligible Person under the Bank of Hawaii Corporation 2014 Stock and Incentive Plan ("Plan"), is made pursuant to the Plan and the Bank of Hawaii Corporation Select Executive Retention Program ("Retention Program").
GRANT_DATE###Executive Retention Program Agreement • March 31st, 2021 • Bank of Hawaii Corp • State commercial banks • Hawaii
As you know, Bank of Hawaii (the "Bank") is in the process of transitioning leadership over the next three to five years and a seamless transition would be optimal. To achieve this, management believes it is critical to retain key longstanding staff over this transition period.
