Exhibit 10.5

RESTRICTED STOCK AWARD

Granted by

NORTHFIELD BANCORP, INC.

under the

NORTHFIELD BANCORP, INC.
2014 EQUITY INCENTIVE PLAN

This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and
will be subject in every respect to the provisions of the 2014 Equity Incentive
Plan (the “Plan”) of Northfield Bancorp, Inc. (the “Company”) which are
incorporated herein by reference and made a part hereof, subject to the
provisions of this Agreement. A copy of the Plan has been provided to each
person granted a Restricted Stock Award pursuant to the Plan. The holder of this
Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock
Award, subject to all the terms and provisions of the Plan and this Agreement,
and agrees that all decisions under and interpretations of the Plan and this
Agreement by the committee appointed to administer the Plan (“Committee”) or the
Board will be final, binding and conclusive upon the Participant and the
Participant’s heirs, legal representatives, successors and permitted assigns.
Capitalized terms used herein but not defined will have the same meaning as in
the Plan.
1.    Name of Participant:     ______________________
2.        Date of Grant: June 11, 2014    
                        
3.
    Total number of shares of Company common stock, $0.01 par value per share,
covered by the Restricted Stock Award:

 
____________    
4.
    Vesting Schedule. Except as provided in item 6 of this Agreement, this
Restricted Stock Award first becomes earned in accordance with the following:

   Number of Shares Vesting

Vesting Date
###___###
###___###
###___###
###___###
###___###

June 11, 2015
June 11, 2016
June 11, 2017
June 11, 2018
June 11, 2019
 
 

5.
Grant of Restricted Stock Award.

    

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The Restricted Stock Award will be in the form of issued and outstanding shares
of Stock that will be registered in the name of the Participant and held by the
Company, together with a stock power executed by the Participant in favor of the
Company, pending the vesting or forfeiture of the Restricted Stock.
Notwithstanding the foregoing, the Company may, in its sole discretion, issue
Restricted Stock in any other format (e.g., electronically) in order to
facilitate the paperless transfer of such Awards.
6.
Terms and Conditions.

The Participant will have the right to vote the shares of Restricted Stock
awarded hereunder.
Any cash dividends or distributions declared with respect to shares of Stock
subject to the Restricted Stock Award will be delayed and distributed to the
Participant at the time that the Restricted Stock vests. The Committee shall
cause the dividend to be distributed to the Participant no later than two and
one-half months following the date on which the Restricted Stock vests. Any
stock dividends declared and paid with respect to shares of Stock subject to the
Restricted Stock Award will be issued subject to the same restrictions and the
same vesting schedule as the underlying share of Stock on which the dividend was
declared.
To the extent the Participant no longer serves as an employee but continues in
Service as a non-employee director, the Participant shall forfeit a number of
Restricted Stock Awards from each installment that would vest after his
termination of employment (but continuation of Service as a non-employee
director), equivalent to the difference between the number of Restricted Stock
Awards the Participant received as an employee and the Restricted Stock Awards
the Participant would have received if the Participant had been a non-employee
director on the date of grant. In the event the termination of employment occurs
during a vesting period, the amount forfeited would be pro-rated to take into
account the period of Service during such vesting period that the employee
served as an employee. The non-forfeited portion of the Restricted Stock Awards
would continue to vest in accordance with the schedule set forth above in item 4
for so long as the Participant remains in the Service of the Company. For the
avoidance of doubt as to the manner in which this reduction of Restricted Stock
Awards would be applied, please refer to Exhibit A attached hereto.
7.
Delivery of Shares.

Delivery of shares of Stock under this Restricted Stock Award will comply with
all applicable laws (including, the requirements of the Securities Act), and the
applicable requirements of any securities exchange or similar entity.
    
8.    Change in Control.

8.1
In the event of the Participant’s Involuntary Termination following a Change in
Control, all Restricted Stock Awards subject to this Agreement will become fully
vested.

    
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8.2
A “Change in Control” will be deemed to have occurred as provided in Section 4.2
of the Plan.

 
9.
Adjustment Provisions.

This Restricted Stock Award, including the number of shares subject to the
Restricted Stock Award, will be adjusted upon the occurrence of the events
specified in, and in accordance with the provisions of, Section 3.4 of the Plan.
10.    Effect of Termination of Service or Employment on Restricted Stock Award.
10.1    This Restricted Stock Award will vest as follows:
(i)
Death. In the event of the Participant’s Termination of Service by reason of the
Participant’s death, all Restricted Stock subject to this Agreement will vest as
to all shares subject to an outstanding Award at the date of Termination of
Service.

(ii)
Disability. In the event of the Participant’s Termination of Service by reason
of Disability, all Restricted Stock subject to this Agreement will vest at the
date of Termination of Service.

(iii)
Termination for Cause. If the event of the Participant’s Termination of Service
for Cause, all Restricted Stock subject to this Agreement that has not vested
will expire and be forfeited.

(i)
Other Termination of Service. If the event of the Participant’s Termination of
Service for any reason other than due to death, Disability or for Cause, all
shares of Restricted Stock subject to this Agreement which have not vested as of
the date of Termination of Service will expire and be forfeited.

(ii)
Termination of Employment. To the extent the Participant no longer serves as an
employee but continues in Service as a non-employee director, the Participant
shall forfeit a number of Restricted Stock Awards from each installment that
would vest after his termination of employment (but continuation of Service as a
non-employee director), equivalent to the difference between the number of
Restricted Stock Awards the Participant received as an employee and the
Restricted Stock Awards the Participant would have received if the Participant
had been a non-employee director on the date of grant. In the event the
termination of employment occurs during a vesting period, the amount forfeited
would be pro-rated to take into account the period of Service during such
vesting period that the employee served as an employee. The non-forfeited
Restricted Stock Awards would continue to vest in accordance with the schedule
set forth above in item 4 for so long as the Participant remains in the Service
of the Company. For the avoidance of doubt as to the manner in which this
reduction of Restricted Stock Awards would be applied, please refer to Exhibit A
attached hereto.

    
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11.    Miscellaneous.
11.1
This Agreement may not be amended or otherwise modified unless evidenced in
writing and signed by the Company and the Participant.

11.2
A Restricted Stock Award is not transferable prior to the time such Award vests
in the Participant.

11.3
This Restricted Stock Award will be governed by and construed in accordance with
the laws of the State of New Jersey.

11.4
This Restricted Stock Award is subject to all laws, regulations and orders of
any governmental authority which may be applicable thereto and, notwithstanding
any of the provisions hereof, the Company will not be obligated to issue any
shares of stock hereunder if the issuance of such shares would constitute a
violation of any such law, regulation or order or any provision thereof.

11.5
The Participant may request that the Company withhold a sufficient number of
shares (based on the Fair Market Value on the vesting date) to satisfy the
minimum required federal, state and local tax withholding, if doing so would not
violate any laws, regulations, or orders of any governmental authority.

    
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IN WITNESS WHEREOF, the Company has caused this instrument to be executed in its
name and on its behalf as of the date of grant of this Restricted Stock Award
set forth above.
NORTHFIELD BANCORP, INC.
By:                         
Its:                         

PARTICIPANT’S ACCEPTANCE
The undersigned hereby accepts the foregoing Restricted Stock Award and agrees
to the terms and conditions hereof, including the terms and provisions of the
2014 Equity Incentive Plan. The undersigned hereby acknowledges receipt of a
copy of the Company’s 2014 Equity Incentive Plan.
PARTICIPANT

                        

Schedule

The above form of Restricted Stock Award Agreement was signed by John W.
Alexander, Chairman and Chief Executive Officer (155,000 shares,) and Steven M.
Klein, President and Chief Operating Officer (110,000 shares).

    
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EXHIBIT A

EXAMPLE:    Assume the employee is granted 250,000 Restricted Stock Awards on
July 1, 2014. The Restricted Stock Award vests at the rate of 20% per year
(i.e., 50,000 shares per year) commencing one year from the date of grant. Also
assume each director is granted 50,000 Restricted Stock Awards on July 1, 2014
and that each director’s awards vest at the rate of 20% per year (i.e., 10,000
shares per year) commencing one year from the date of grant. Further assume that
the employee resigns as an employee, effective December 31, 2016, but continues
in the service of the Company as a member of the Board. At the time of the
employee’s resignation, the employee would have vested in an aggregate of
100,000 Restricted Stock Awards (on July 1, 2015 and July 1, 2016). The
employee’s resignation occurs six months into the third vesting year.
Accordingly, on July 1, 2017, the former employee would vest in 30,000
Restricted Stock Awards, calculated as follows:
50,000 Restricted Stock Awards (employee grant) x 6/12 (July – December) =
25,000
10,000    Restricted Stock Awards (director grant) x 6/12 (January through June)
= 5,000
The employee would forfeit 20,000 Restricted Stock Awards from those vesting on
July 1, 2017.
Further, the former employee would forfeit 40,000 Restricted Stock Awards from
each of the installments vesting July 1, 2018 and July 1, 2019. The effect of
this is that the former employee would vest in a number of shares of Restricted
Stock during the two years in which he performed no services as an employee
equal to the same number of Restricted Stock in which the other non-employee
directors vest for such years.

    
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