0001144204-15-001610 Sample Contracts

RESTRICTED STOCK AGREEMENT
Restricted Stock Agreement • January 9th, 2015 • First United Corp/Md/ • National commercial banks • Maryland

THIS RESTRICTED STOCK AGREEMENT (this “Agreement”), made as of January 9, 2015 (the “Grant Date”) by and between First United Corporation, a Maryland corporation (the “Company”), and Keith R. Sanders (the “Employee”), is entered into pursuant to Section 11 of the Company’s Omnibus Equity Compensation Plan, as amended from time to time (the “Plan”). All capitalized terms used but not defined herein shall have the meanings given such terms in the Plan.

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FIRST UNITED CORPORATION EXECUTIVE AND DIRECTOR DEFERRED COMPENSATION PLAN
Participation Agreement • January 9th, 2015 • First United Corp/Md/ • National commercial banks • Maryland

THIS SERP ALTERNATIVE PARTICIPATION AGREEMENT (this “SERP Alternative Participation Agreement”) is entered into this 9th day of January, 2015 (the “Execution Date”) by and between First United Corporation (“Employer”) and Keith R. Sanders, an executive officer of the Employer (the “Participant”).

AGREEMENT UNDER THE
Agreement • January 9th, 2015 • First United Corp/Md/ • National commercial banks • Maryland

THIS AGREEMENT (the “Agreement”) is entered into this 9th day of January, 2015 (the “Effective Date”) by and between First United Corporation, a Maryland corporation (“the Company”), and Keith R. Sanders, an executive officer of the Company (the “Eligible Employee”).

SECOND AMENDMENT TO AGREEMENT UNDER THE FIRST UNITED CORPORATION CHANGE IN CONTROL SEVERANCE PLAN
First United Corp/Md/ • January 9th, 2015 • National commercial banks

This Second Amendment to Agreement Under the First United Corporation Change in Control Severance Plan (this “Second Amendment”) is entered into this 5th day of January, 2015 by and between First United Corporation, a Maryland corporation (“the Company”), and William B. Grant, an executive officer of the Company (the “Eligible Employee”).

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