FORM OF RANDOLPH BANCORP, INC. INDUCEMENT RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • April 28th, 2020 • Randolph Bancorp, Inc. • State commercial banks
Randolph Bancorp, Inc. (the “Company”) hereby grants an Inducement Restricted Stock Award (an “Award”) to the Grantee named above. Upon acceptance of this Award, the Grantee shall receive the number of shares of Common Stock, par value $0.01 per share (the “Stock”) of the Company specified above, subject to the restrictions and conditions set forth herein. The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of the Grantee’s acceptance of the offer of employment from the Company or such other form of consideration as is acceptable to the Administrator.
