FARMERS AND MERCHANTS BANCSHARES, INC RESTRICTED STOCK UNIT (RSU) AWARD AGREEMENT (Time-Vesting) (Share-Settled)Restricted Stock Unit • October 24th, 2023 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered • Maryland
THIS RESTRICTED STOCK UNIT (RSU) AWARD AGREEMENT (this “Agreement”) is made on the last date set forth on the signature page hereto, with an effective date as of the Grant Date, by and between Farmers and Merchants Bancshares, Inc., a Maryland corporation (the “Company”), and the Participant.
