FOR INCENTIVE STOCK OPTIONS AWARDED PURSUANT TO THE SUN BANCORP, INC.Performance Equity Plan Award Agreement • September 9th, 2011 • Sun Bancorp Inc /Nj/ • Commercial banks, nec
STOCK OPTIONS for a maximum of ________ shares of Common Stock of Sun Bancorp, Inc. (the “Company”), which Options are intended to qualify as an Incentive Stock Option under Section 422 of the Internal Revenue Code of 1986, as amended, are hereby granted to ______________ (the “Optionee”) at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2010 Performance Equity Plan (the “Plan”) adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Capitalized terms used herein but not otherwise defined herein shall have the meaning given to such terms in the Plan.
