East West Bancorp (EWBC) 10-Q 2024 Q1 Quarterly report

Exhibit 10.2

AMENDMENT TO EMPLOYMENT AGREEMENT

    This Amendment Agreement is dated as of March 5, 2024 (the "Amendment Effective Date") and amends that certain Employment Agreement dated as of September 17, 1999 (as amended from time to time, the "Employment Agreement") by and between East West Bancorp, Inc. ("Company") and Douglas Krause ("Employee").

    The following terms and conditions of the Employment Agreement are hereby modified as of the Amendment Effective Date:

1.Section 3.1 (Term) of the Agreement is hereby modified in its entirety to read as follows:

This Agreement and employment under this Agreement shall terminate on March 5, 2027 unless extended by Company.

2.Except as expressly agreed to herein, the Employment Agreement shall remain in force and effect.

EAST WEST BANCORP, INC.

/s/ GARY TEO

Gary Teo

Chief Human Resources Officer

/s/ DOUGLAS KRAUSE

Employee: Douglas Krause