Exhibit 10.15

Ocean City Home Bank

Stock-Based Deferred Compensation Plan

Article 1

Effective Date and
Purpose

1.1 Effective Date. The Ocean City Home Stock-Based Deferred Compensation Plan (the Plan) is effective as
of September 22, 2004, the date of adoption of the Plan by the Board of Directors (the Board) of Ocean City Home Bank (the Bank).

1.2 Purpose. The Plan is a deferred compensation plan the primary purpose of which is to provide directors and key employees of the Bank and its affiliated companies with the opportunity to voluntarily defer a
portion of their compensation, including benefits previously accrued under the Banks Executive Incentive Retirement Plan and Directors Deferred Compensation Plan prior to the effective date of this Plan (Prior Benefits),
subject to the terms of the Plan. By adopting the Plan, the Bank desires to enhance its ability to attract and retain directors and key employees of outstanding competence by providing such individuals with an opportunity to gain an equity interest
in the Banks holding company, Ocean Shore Holding Co. (the Company) by investing deferrals in shares of the Companys common stock (Common Stock) upon the consummation of the Companys initial public offering
and thereafter.

Article 2

Administration

2.1 The Committee. The Plan shall be administered by the Human Resources Committee of the Board or
any other successor Committee appointed by the Board (the Committee).

2.2 Authority of the Committee. The Committee
shall have authority to select eligible employees of the Bank for participation in the Plan; determine the terms and conditions of each employees participation in the Plan; interpret the Plan; establish, amend, or waive rules and regulations
for the Plans administration; and, subject to Article 8 herein, amend the terms and conditions of the Plan and any agreement entered into under the Plan. Further, the Committee shall make all other determinations which may be necessary or
advisable for the administration of the Plan. As permitted by law, the Committee may delegate any of its authority granted under the Plan to such other person or entity it deems appropriate, including but not limited to, senior management of the
Bank.

2.3 Guidelines. Subject to the provisions herein, the Committee may adopt written guidelines for the implementation and
administration of the Plan.

2.4 Decisions Binding. All determinations and decisions of the Committee arising under the Plan shall
be final binding, and conclusive upon all parties.



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Article 3

Eligibility and Participation

3.1 Eligibility. Subject to Sections 3.2 and 3.3, persons
eligible to be selected to participate in the Plan in any calendar year (a Year) shall include full-time, salaried employees of the Bank, its subsidiaries, and affiliates who are key employees, as determined by the Committee in its sole
discretion. In addition, all directors of the Bank and directors of the Company shall be eligible to participate in the Plan without further action by the Committee.

3.2 Limitation on Eligibility. It is the intent of the Bank that the Plan qualify for treatment as a top hat plan under the Employee Retirement Income Security Act of 1974, as amended from time to
time, or any successor Act thereto (ERISA). Accordingly, to the extent required by ERISA to obtain such top hat treatment, eligibility shall be extended only to those executives who comprise a select group of management or
highly compensated employees. Further, the Committee may place such additional limitations on eligibility as it deems necessary and appropriate under the circumstances.

3.3 Participation. Participation in the Plan shall be determined annually by the Committee based upon the criteria set forth in Sections 3.1 and 3.2 herein. An employee who is chosen to participate in the Plan
in any Year (a Participant) shall be so notified in writing. In the event a Participant selected to participate in the Plan no longer meets the criteria for participation, such Participant shall become an inactive Participant, retaining
all the rights described under the Plan, except the right to make any further deferrals, until such time that the Participant again becomes an active Participant. Notwithstanding anything in this Plan to the contrary, with respect to the initial
Year beginning on the effective date and ending December 31, 2004 and solely with respect to the deferral of Prior Benefits under this Plan, the Plan Participants shall include those persons identified in Exhibit A to the Plan.

3.4 Partial Year Eligibility. In the event that an individual first becomes eligible to participate in the Plan during a Year, such individual
shall, within thirty (30) calendar days of becoming eligible, be notified by the Bank of his or her eligibility to participate, and the Bank shall provide each such individual with an Election Form, which must be completed by the individual as
provided in Section 4.2 herein.

3.5 No Right to Participate. No employee shall have the right to be selected as a Participant,
or having been so selected for any given Year, to be selected again as a Participant for any other Year.

Article 4

Deferral Opportunity

4.1 Amount
Which May Be Deferred. A Participant may elect to defer, in any Year, the eligible components of Compensation (as described below); provided, however, that the Committee shall have sole discretion to designate which components of Compensation
are eligible for deferral elections under the Plan in any given Year. In addition, the Committee may,



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in its sole discretion, designate the maximum or minimum amount or increments of any single eligible component of Compensation which may be deferred in any
Year or establish any other limitations as it deems appropriate in any Year.

The components of Compensation shall include
(i) with respect to a Participant who is an employee of the Bank, any Deferral Bonus determined by reference to the attainment of criteria established by the Board of Directors, and (ii) with respect to a Participant who is a
director, Board Compensation defined as all amounts paid with respect to service as a member of the Board or the board of directors of any affiliate of the Bank, including retainers, board meeting fees and committee fees.

In addition to deferrals of Compensation, each Participant identified in Exhibit A may elect to transfer previously accrued Prior Benefits for deferral
under this Plan. Upon the transfer of Prior Benefits to this Plan, the Banks obligations and the Participants rights with respect to such benefits shall be determined solely by reference to the provisions of this Plan.

4.2 Time of Deferral Election. An election to defer a component of Compensation permitted by the Committee to be deferred by a Participant under
the Plan shall be given effect in accordance with the following timing rules:

(a) An election to defer a Deferral Bonus or
Board Compensation shall apply only to a Deferral Bonus or Board Compensation which is earned for payroll periods or, in the case of a director, periods of service, beginning after a properly executed Election Form has been filed with the Committee.

(b) An election to defer Prior Benefits under this Plan shall be made in accordance with the procedures established by the
Committee.

4.3 Content of Deferral Election. All deferral elections shall be irrevocable, and shall be made on a form or forms
prescribed by the Committee (an Election Form), as described herein. Participants shall make the following irrevocable elections on each Election Form:

(a) The amount to be deferred with respect to each eligible component of Compensation for the Year or Prior Benefits,

(b) The length of the deferral period with respect to each eligible component of Compensation or Prior Benefits, subject to the terms of
Section 4.4 herein; and

(c) The method of distribution to be made to the Participant at the end of the deferral
period(s), subject to the terms of Section 4.5 herein.

Notwithstanding the amounts requested to be deferred pursuant to Subparagraph (a) above,
the limits on deferrals set forth in Section 4.1 herein shall apply to the requested deferrals each Year.



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A Participant may, from time to time, modify a deferral election with respect to previously deferred
amounts (including Prior Benefits), including a modification as to the length of the deferral period or the form of distribution at the end of such period; provided, however, that a modification of the terms of a prior deferral election shall be
only be effective one (1) year after the date on which it is submitted in writing to the Bank.

4.4 Length of Deferral. The
deferral periods elected by each Participant with respect to deferrals of Compensation for any Year or Prior Benefits shall be at least equal to one (1) year following the end of the Year to which the deferral relates, and shall in no event be
no greater than the date of the Participants termination of employment, or, in the case of a director, service.

4.5 Distribution
of Deferred Amounts. Participants shall be entitled to elect to receive distribution of deferred amounts, at the end of the deferral period in a single lump sum distribution, by means of installments, or in such other format approved by the
Committee.

(a) Lump Sum Distribution. Such distribution shall be made in the form of whole shares of Common Stock
within thirty (30) calendar days of the date specified by the Participant as the date for distribution of deferred amounts as described in Sections 4.3 and 4.4 hereof, or as soon thereafter as practicable.

(b) Installment Distribution. Participants may elect distributions in monthly installments over a five (5) year period. The
initial distribution shall be made in the form of shares of Common Stock within thirty (30) calendar days after the commencement date selected by the Participant pursuant to Sections 4.3 and 4.4 hereof, or as soon thereafter as practicable. The
remaining distributions shall be made in shares of Common Stock each year thereafter, until the Participants entire deferred compensation account has been distributed. The number of shares distributable with respect to each installment shall
be equal to the balance of the number of Common Stock Units remaining in the Participants deferred compensation account immediately prior to each such distribution, multiplied by a fraction, the numerator of which is one (1), and the
denominator of which is the number of installments remaining.

(c) Alternative Schedule. A participant may submit an
alternate distribution schedule to the Committee for approval; provided, however, that no such alternate schedule shall be permitted unless approved by the Committee.

(d) Limitation on Form of Distribution. Distributions under this Plan shall be made solely in the form of whole shares of Common
Stock and the Bank shall be under no obligation to distribute any amount in cash.

(e) Death Benefits; Beneficiary
Designation. If a Participant dies before the end of a deferral period or prior to termination of employment, or after distribution of the Participants account has commenced but prior to the distribution of all amounts to which the
Participant is entitled under the Plan, the Participants account shall be distributable or shall continue to be distributed in accordance with the Participants election under this Section 4.5 to the person or persons designated
pursuant to this subsection (e). A Participant may from time to



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time designate in writing on a form prescribed by the Committee for such purpose a person or persons (named contingently or successively) to receive benefits
distributable under this Plan upon or after the Participants death. Such designation may be changed from time to time by the Participant by filing a new designation. Each designation shall revoke all prior designations by the Participant. In
the absence of a valid beneficiary designation, the Participants benefits shall be distributable to his or her surviving spouse, or, if the Participant is not survived by a spouse, to his or her estate.

4.6 Financial Hardship. The Committee shall have the authority to alter the timing or form of distribution of deferred amounts in the event that
the Participant establishes, to the satisfaction of the Committee, severe financial hardship. In such event, the Committee may, in its sole discretion:

(a) Authorize the cessation of deferrals by such Participant under the Plan, or

(b) Provide
that all or a portion of the amount previously deferred by the Participant shall immediately be paid in a lump sum distribution in the form of shares of Common Stock; or

(c) Provide that all or a portion of the installments payable over a period of time shall immediately be paid in a lump sum distribution
of shares of Common Stock; or

(d) Provide for such other installment schedule as deemed appropriate by the Committee under
the circumstances.

For purposes of this Section 4.6, severe financial hardship shall be determined by the Committee, in
its sole discretion, in accordance with all applicable laws. The Committees decision with respect to the severity of financial hardship and the manner in which, if at all, the Participants future deferral opportunities shall be ceased,
and/or the manner in which if at all, the distribution of deferred amounts of the Participant shall be altered or modified shall be final, conclusive, and not subject to appeal.

4.7 Special Change in Control Election. In addition to the elections described in Section 4.3 of this Plan, each Participant may make an
election applicable solely in the event of a Change in Control of the Bank or the Company with respect to the length of the deferral period for all deferrals under the Plan and the form of distribution of such deferrals. Such election must be made
in writing at least three (3) months prior to the consummation of any transaction constituting a Change in Control. In the absence of a election pursuant to this Section 4.8, a Participants benefits under this Plan shall be payable
in accordance with the Participants elections under Section 4.3. For purposes of this Plan, a Change in Control shall mean any of the following events:



| | i. | Merger: The Company merges into or consolidates with another corporation, or merges another corporation into the Company, and as a result less than a majority of the combined
voting power of the resulting corporation immediately after the merger or consolidation is held by persons who were stockholders of the Company immediately before the merger or consolidation.
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| | ii. | Acquisition of Significant Share Ownership: The Company files, or is required to file, a report on Schedule 13D or another form or schedule (other than Schedule 13G) required
under Sections 13(d) or 14(d) of the Securities Exchange Act of 1934, if the schedule discloses that the filing person or persons acting in concert has or have become the beneficial owner of 25% or more of a class of the Companys voting
securities, but this clause (b) shall not apply to beneficial ownership of Company voting shares held in a fiduciary capacity by an entity of which the Company directly or indirectly beneficially owns 50% or more of its outstanding voting
securities.
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| | iii. | Change in Board Composition: During any period of two consecutive years, individuals who constitute the Companys Board of Directors at the beginning of the two-year
period cease for any reason to constitute at least a majority of the Companys Board of Directors; provided, however, that for purposes of this clause (iii), each director who is first elected by the board (or first nominated by the board for
election by the stockholders) by a vote of at least two-thirds (2/3) of the directors who were directors at the beginning of the two-year period shall be deemed to have also been a director at the beginning of such period; or
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| | iv. | Sale of Assets: The Company sells to a third party all or substantially all of its assets.
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A Change in Control shall not occur as a result of a mutual holding company reorganization or second-step conversion of the Bank from the mutual to the
stock form of ownership.



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Article 5

Deferred Compensation Accounts

5.1 Participant Accounts. The Bank shall establish and
maintain an individual bookkeeping account for deferrals made by each Participant under Article 4 herein. Each account shall be credited as of the date the amount deferred otherwise would have become due and payable to the Participant.

5.2 Valuation of Deferred Amounts. Amounts credited to a Participants deferred compensation account shall be credited solely in the form
of Common Stock Units with each unit equivalent to one (1) share of Common Stock.

The following additional rules shall
apply to Common Stock Units:

(a) The number of Common Stock Units initially credited to a Participants account with
respect to the deferral of Prior Benefits shall equal the number of shares of Common Stock which are allocated to the Participant in connection with the subscription order submitted on behalf of all Participants by the trustee of a trust described
in Section 6.3 of the Plan in connection with the Companys subscription offering of Common Stock and the Banks mutual-to-stock conversion. Notwithstanding anything herein to the contrary, the crediting of Common Stock Units to a
Participant with respect to the deferral of Prior Benefits in this Plan shall in all respects be subject to the individual purchase limitations and purchase priorities set forth in the Companys plan of stock issuance and in no event shall the
initial number of Common Stock Units credited to a Participants account exceed 25,000.

(b) The number of units
credited to a Participants account with respect to Prior Benefits deferred under this Plan but not credited or creditable under (a) above shall equal the dollar amount of such Prior Benefits divided by the average of the high and low
trading prices of the Common Stock on a trading date determined by the Committee in its sole discretion, but in any event not later than ninety (90) trading days after the effective date of the Companys initial public offering.

(c) The number of Common Stock Units credited to a Participants account with respect to other deferrals shall equal
the dollar amount of such deferrals divided by the average of the high and low trading prices of the Common Stock on the date that the Compensation would otherwise have been paid but for the Participants deferral.

(d) The Participants Account shall also be credited with additional Common Stock Units equal to the dollar amount of dividends or
other distributions paid from time to time during the deferral period on a number of shares of Common Stock equal to the number of Common Stock Units then credited to the Participants Account divided by the average of the high and low trading
prices of the Common Stock on the payment date.

(e) In the event of any change in the outstanding shares of the Common
Stock by reason of any stock dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares, Change in Control or other similar corporate change, then an equitable equivalent adjustment shall
be made in the Common Stock Units credited to Accounts under the Plan.



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(f) When distribution of a Participants Account occurs, such distribution shall be
made solely by transferring to the Participant or beneficiary a number of shares of the Common Stock equal to the number of whole units then distributable from the Participants Account. On any distribution date, fractional Common Stock Units
shall be rounded up to the nearest whole unit.

5.3 Charges Against Accounts. There shall be charged against each Participants
deferred compensation account any distributions made to the Participant or to his or her beneficiary.

5.4 Vesting. A Participant
shall be 100% vested in his or her Account at all times.

Article 6

Rights of Participants

6.1 Contractual Obligation. The Plan shall
create a contractual obligation on the part of the Bank to make distributions from the Participants accounts when due.

6.2
Unsecured Interest. No Participant or party claiming an interest in amounts deferred by a Participant shall have any interest whatsoever in any specific asset of the Bank. To the extent that any party acquires a right to receive distributions
under the Plan, such right shall be equivalent to that of an unsecured general creditor of the Bank.

6.3 Authorization for Trust.
The Bank may, but shall not be required to, establish one or more trusts, with such trustee as the Committee may approve, for the purpose of providing for the distribution of deferred amounts. It is the Banks intention to establish such a
trust and designate a trustee for purposes related to the deferral of Prior Benefits. Such trust or trusts may be irrevocable, but the assets thereof shall be subject to the claims of the Banks creditors. To the extent any amounts deferred
under the Plan are actually paid from any such trust, the Bank shall have no further obligation with respect thereto, but to the extent not so paid, such deferred amounts shall remain the obligation of, and shall be paid by, the Bank.

6.4 Employment. Nothing in the Plan shall interfere with nor limit, in any way, the right of the Bank or any affiliate of the Bank to terminate
any Participants employment at any time, nor confer upon any Participant any right to continue in the employ of the Bank or any affiliate of the Bank.



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Article 7

Withholding of Taxes

The Bank shall have the right to require Participants to remit to the Bank an
amount sufficient to satisfy any withholding tax requirements or to deduct from all distributions made pursuant to the Plan amounts sufficient to satisfy withholding tax requirements.

Article 8

Amendment and Termination

The Bank hereby reserves the right to amend, modify, or terminate the Plan at any time by action of the Board, provided, however, that no such amendment
or termination shall in any material manner adversely affect any Participants rights to amounts previously deferred hereunder without the consent of the Participant.

Article 9

Claims Procedure

(a) Claim. A person who believes that he is being denied a benefit to which he is entitled under this Plan (hereinafter referred to as a
Claimant) may file a written request for such benefit with the Bank, setting forth his claim. The request must be addressed to the Secretary of the Board at the Banks then principal place of business.

(b) Claim Decision. Upon receipt of a claim, the Committee shall advise the Claimant that a reply will be forthcoming within ninety (90) days
and shall, in fact, deliver such reply within such period. The Committee may, however, extend the reply period for an additional ninety (90) days for reasonable cause. If the claim is denied in whole or in part, the Committee shall adopt a
written opinion, using language calculated to be understood by the Claimant, setting forth:



| | (i) | The specific reason or reasons for such denial;
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| | (ii) | The specific reference to pertinent provisions of this Plan on which such denial is based;
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| | (iii) | A description of any additional material or information necessary for the Claimant to perfect his claim and an explanation why such material or such information is necessary;
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| | (iv) | Appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for review; and
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| | (v) | The time limits for requesting a review of the decision and for review of the decision.
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(c) Request for Review. With sixty (60) days after the receipt by the Claimant
of the written opinion described above, the Claimant may request in writing that the Board review the determination of the Committee. Such request must be addressed to the Secretary of the Board, at its then principal place of business. The Claimant
or his duly authorized representative may, but need not, review the pertinent documents and submit issues and comments in writing for consideration by the Committee. If the Claimant does not request a review of the Committees determination by
the Board within such sixty (60) day period, he shall be barred and stopped from challenging the Committees determination.

(d)
Review of Decision. Within sixty (60) days after receipt of a request for review, the Board will review the Committees determination. After considering all materials presented by the Claimant, the Board will provide the Claimant
with a written opinion, written in a manner calculated to be understood by the Claimant, setting forth the specific reasons for the decision and containing specific references to the pertinent provisions of this Plan on which the decision is based.
If special circumstances require that the sixty (60) day time period be extended, the Secretary of the Board will so notify the Claimant and will render the decision as soon as possible, but no later than one hundred twenty (120) days
after receipt of the request for review.

Article 10

Miscellaneous

10.1 Notice. Except as otherwise provided herein, any notice or filing
required or permitted to be given to the Bank under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail to Emily Walker, Human Resources of the Bank. Notice to the Emily Walker, Human Resources, if
mailed, shall be addressed to the principal executive offices of the Bank. Notice mailed to a Participant shall be at such address as is given in the records of the Bank. Notices shall be deemed given as of the date of delivery or, if delivery is
made by mail, as of the date shown on the postmark on the receipt for registration or certification.

10.2 Nontransferability.
Participants rights to deferred amounts credited hereunder the Plan may not be sold, transferred, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution. In no event shall the Bank make
any distribution under the Plan to any assignee or creditor of a Participant.

10.3 Severability. In the event any provision of the
Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included.

10.4. Costs of the Plan. All costs of implementing and administering the Plan shall be borne by the Bank.

10.5 Status under ERISA. The Plan is intended to be an unfunded plan which is maintained primarily to provide deferred compensation benefits for a
select group of management or highly compensated employees within the meaning of Sections 201, 301, and 401 of ERISA, and to therefore be exempt from the provisions of Parts 2, 3, and 4 of Title 1 of ERISA.



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10.6 Applicable Law. The Plan shall be governed by and construed in accordance with the laws of
the State of New Jersey.

10.7 Successors. All obligations of the Bank under the Plan shall be binding on any successor to the Bank,
whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Bank.



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