Retention and Award Agreement Sample Contracts

June 30, 2023 James M. Burke [REDACTED] Dear James:
Retention and Award Agreement • July 3rd, 2023 • Shore Bancshares Inc • National commercial banks • Maryland

This retention and award agreement (this “Agreement”) is entered into by James M. Burke (the “Executive”) and Shore Bancshares, Inc. (the “Company”) in connection with the transactions contemplated by the Agreement and Plan of Merger by and between the Company and The Community Financial Corporation ( “TCFC”), dated as of December 14, 2022 (the “Merger Agreement”), pursuant to which TCFC will be merged with and into the Company in a merger of equals transaction (the “Merger”).

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Retention and Award Agreement • October 15th, 2020 • Bridge Bancorp, Inc. • National commercial banks • New York

This retention and award agreement (this “Agreement”) is entered into by [_________] (the “Executive”) and [___________________] (the “Company”) in connection the Agreement and Plan of Merger by and between the Company and Bridge Bancorp, Inc. ( “Bridge”), dated as of July 1, 2020 (the “Merger Agreement”), pursuant to which the Company will be merged with and into Bridge in a merger of equals transaction (the “Merger”).

September 26, 2022 Mr. Thomas J. Shara President and Chief Executive Officer Dear Mr. Shara:
Retention and Award Agreement • May 16th, 2024 • Provident Financial Services Inc • Savings institution, federally chartered • Delaware

This retention and award agreement (this “Agreement”) is entered into by Thomas J. Shara (the “Executive”) and Provident Financial Services, Inc. (the “Company”) in connection the Agreement and Plan of Merger by and among the Company, Lakeland Bancorp, Inc. (“LBAI”), and NL 239 Corp. (“Merger Sub”), dated as of September 26, 2022 (the “Merger Agreement”), pursuant to which Merger Sub will merge with and into LBAI effective as of the Effective Time (as defined in the Merger Agreement), and, as soon as reasonably practicable following the Effective Time, LBAI will merge with and into Polaris (the “Merger”) so that Polaris is the surviving corporation in the Merger.

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