exhibit1027.htm

Exhibit 10.27

     

    Dime
      Community Bancshares, Inc. 2004 Stock Incentive Plan

    Restricted
      Stock Award Agreement for Outside Directors

     

     

    
      	 	 	 


    

    Name
      of
      Recipient                                                                                                                                             
     Social Security Number

     

    
      	 


    

                                                               Street
      Address

     

    
      	 	 	 	 	 


    

    City                                                                                                                            
               State                                                          
                                                          ZIP
      Code

     

    This
      Restricted Stock Award Notice is intended to set forth the terms and conditions
      on which a Restricted Stock Award has been granted under the Dime Community
      Bancshares, Inc. 2004 Stock Incentive Plan.  Set forth below are the
      specific terms and conditions applicable to this Restricted Stock
      Award.  Attached as Exhibit A are its general terms and
      conditions.

    


    
      	
              Restricted
                Stock Award

            
	
                 
                Effective Date

            	 
	
                 
                Class of Shares*

            	 
	
                 
                No. of Awarded Shares*

            	 
	
                 
                Type of Award (Escrow or Legended Certificate)

            	
              Escrow

            
	
                  Vesting
                Date*

            	 


    

                                                                        
      *Subject to adjustment as provided in the Plan and the General Terms and
      Conditions.

    


    By
      signing where indicated below, Dime Community Bancshares, Inc. (the “Company”)
      grants this Restricted Stock Award upon the specified terms and conditions,
      and
      the Restricted Stock Award Recipient acknowledges receipt of this Restricted
      Stock Award Notice, including Exhibit A, and agrees to observe and be bound
      by
      the terms and conditions set forth herein

    


     

    Dime
      Community Bancshares,
      Inc.                                                                                 Recipient                                                                                         

     

     

    By           ________________________________________                                 __________________________________________       

    Name:
      Vincent F.
      Palagiano

                  
      Title: Chairman of the Board and

                                 
      Chief
      Executive Officer

     

    
      


       

      


    

    Instructions:
      This page should be completed by or on behalf of the Compensation Committee.
      Any
      blank space intentionally left blank should be crossed out. An option grant
      consists of a number of optioned shares with uniform terms and conditions.
      Where
      options are granted on the same date with varying terms and conditions (for
      example, varying exercise prices or earliest exercise dates), the options should
      be recorded as a series of grants each with its own uniform terms and
      conditions.