EX-10.18



 Exhibit 10.18 

RESTRICTED STOCK AWARD 

Granted by 
 MERIDIAN BANCORP,
INC. 
 under the 

MERIDIAN BANCORP, INC. 

2015 EQUITY INCENTIVE PLAN 

This restricted stock agreement (“Restricted Stock Award” or “Agreement”) is and shall be subject in every
respect to the provisions of the Meridian Bancorp, Inc. 2015 Equity Incentive Plan (the “Plan”) 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 shall be final, binding and conclusive
upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” shall mean Meridian Bancorp, Inc., the parent and all
present and future subsidiaries of the Company as defined in Section 424(e) and 424(f) of the Internal Revenue Code of 1986, as amended from time to time (the “Code”). Capitalized terms used herein but not defined shall have
the same meaning as in the Plan. 
  

	1.	Name of Participant:
                                         
                                         
                                         
              

  

	2.	Date of Grant: November 2, 2015 

  

	3.	Total number of shares of Company common stock, $0.01 par value per share, covered by the Restricted Stock Award:
                                        
                                         
                                         
                                         
           


	 	(subject to adjustment pursuant to Section 9 hereof). 

  

	4.	Vesting Schedule. Except as otherwise provided in this Agreement, this Restricted Stock Award shall vest in five (5) equal annual installments, with the first installment becoming earned on the first
anniversary of the date of grant, or November 2, 2016, and succeeding installments on each anniversary thereafter, through November 2, 2020. Vesting will automatically accelerate pursuant to Section 2.9(c) of the Plan (in the event of
death or Disability). 

  

	5.	Grant of Restricted Stock Award. 

 The Restricted Stock Award shall be in the form of
issued and outstanding shares of Stock that shall 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 satisfaction of the conditions to
which the Restricted Stock Award is subject. 







 The shares of common stock awarded under this Restricted Stock Award may be issued in certificate
form or in electronic form, in the discretion of the Company. If the shares are certificated, the Participant shall receive a certificate or certificates representing the shares of Restricted Stock that have been awarded to him. The certificates
evidencing the Restricted Stock Award shall bear a legend restricting the transferability of the Restricted Stock. The Restricted Stock awarded to the Participant shall not be sold, encumbered hypothecated or otherwise transferred except in
accordance with the terms of the Agreement, until such Restricted Stock has vested. 
  

	6.	Terms and Conditions. 

 The Participant shall have the right to vote the shares of
Restricted Stock awarded hereunder. Any dividends or distributions declared and paid with respect to shares of Stock subject to the Restricted Stock Award, other than a stock dividend consisting of shares of Stock, will be immediately distributed to
the Participant. 
  

	7.	Delivery of Shares. 

 Delivery of shares of Stock under this Restricted Stock Award shall
be subject to the following: 
  

	 	(i)	Delivery of shares of Stock shall comply with all applicable laws (including, the requirements of the Securities Act), and the applicable requirements of any securities exchange or similar entity. 


 

	 	(ii)	The issuance of shares of Stock pursuant to this Restricted Stock Award may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any stock exchange.


  

	8.	Change in Control. 

  

	 	8.1	In the event of an Involuntary Termination following a Change in Control, all Restricted Stock Awards held by the Participant shall be fully earned and vested immediately. 


 

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

  

	9.	Adjustment Provisions. 

  

	 	9.1	This Restricted Stock Award, including the number of shares subject to the Restricted Stock Award, shall 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 on Restricted Stock Award.  

  

	 	10.1	This Restricted Stock Award shall vest as follows: 









	 	(i)	Death. This Restricted Stock Award shall vest immediately in the event of the Participant’s Termination of Service by reason of the Participant’s death. 


 

	 	(ii)	Disability. This Restricted Stock Award shall vest immediately in the event of the Participant’s Termination of Service by reason of Disability. Except to the extent prohibited by Code Section 409A, the
Committee shall have sole authority and discretion to determine whether the Participant’s Service has been terminated by reason of Disability. 

  

	 	(iii)	Retirement. If the Participant’s Service terminates by reason of the Participant’s Retirement, the Participant’s unvested Restricted Stock Awards shall continue to vest in accordance with the
vesting schedule set forth in Section 4 of this Agreement. For purposes of this Award, Retirement means retirement from employment as an Employee on or after attainment of age 65, or Termination of Service as a Director on or after attainment
of age 75. A Director will be deemed to have terminated due to Retirement only if the Director has terminated service on the Boards of the Company and any subsidiary or affiliate in accordance with applicable Company policy, following provision of
written notice to the Company of intent to retire. 

  

	 	(iv)	Termination for Cause. If the Participant’s Service has been terminated for Cause, this Restricted Stock Award shall immediately terminate and be of no further force and effect. The Board of Directors
shall have sole authority and discretion to determine whether the Participant’s Service has been terminated for Cause. 

  

	 	(v)	Other Termination. If the Participant’s Service terminates for any reason other than death, Disability, Retirement or for Cause, all shares of Restricted Stock awarded to the Participant which have
not vested shall be forfeited by such Participant. 

  

	11.	Miscellaneous. 

  

	 	11.1	No Restricted Stock Award shall confer upon the Participant any rights as a stockholder of the Company prior to the date on which the individual fulfills all conditions for receipt of such rights. 


 

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

  

	 	11.3	Restricted Stock Awards are not transferable prior to the time such Awards vest in the Participant. 

  

	 	11.4	This Restricted Stock Award shall be governed by and construed in accordance with the laws of the Commonwealth of Massachusetts, without regard to its principles of conflicts of laws. 









	 	11.5	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. 


[Signature Page Follows] 







 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. 
  

			
	MERIDIAN 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 2015 Equity Incentive Plan. The undersigned hereby acknowledges receipt of a copy of the Company’s 2015 Equity Incentive Plan. 
  

	
	 PARTICIPANT