EAST WEST BANCORP INC
EX-10.12
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<p align="right" style="margin:0pt 0pt .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit 10.12</font></b></p>

<p style="margin:0pt 0pt .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0pt 0pt 12.0pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">DIRECTOR
COMPENSATION</font></b></p>

<p style="margin:0pt 0pt 12.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The following
compensation arrangements have been established for the Board of Directors of
the Company: All outside directors will receive an annual retainer of $25,000. The
chairpersons of the Audit Committee, the Compensation Committee, the Risk
Oversight Committee, and the Nominating / Governance Committee will for this
service receive retainers of $10,000, of $7,000, of $5,000, and of $5,000
respectively. Outside directors also receive a meeting fee of $1,000 for each
Board and Committee meeting attended. Outside directors also receive an annual
grant of $25,000 of restricted stock, which stock has 3-year cliff vesting.
Directors have the option to receive their $25,000 annual retainer in the form
of stock at a 25% premium (i.e., $31,250 of stock) if they agree to hold the
stock for at least one year. No separate compensation is paid to directors who
are also employees of the Company.</font></p>

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