Document:

Exhibit
10.37

ENTERPRISE
BANCORP, INC.

Description of Directors’
Compensation

Enterprise
Bancorp, Inc. (the “Company”) pays no separate compensation to its
directors for their service as members of the Company’s board of directors. The
Company’s principal subsidiary, Enterprise Bank and Trust Company (the “Bank”),
pays the following fees on a per meeting and annual retainer basis to members
of its board of directors and board of directors committees, except that
directors who are also full-time salaried employees of the Bank are not paid
any fees for any of their services as directors:

Per Meeting Fees

·                  Board
of Directors meetings - $350

·                  Executive
Committee meetings - $350

·                  Audit
Committee meetings - $350

·                  All
other committee meetings - $250

Annual Retainer Fees (as of July 1,
2006)

·                  All
directors - $7,200

·                  All
members of Executive Committee - $2,400

·                  Chairs
of following committees:

·                  Audit
- $7,500

·                  Asset-Liability
- $6,000

·                  Compensation/Personnel
- $6,000

·                  Investment
Management and Trust Group - $6,000

·                  Corporate
Governance/Nominating - $5,000

·                  Loan
- $5,000

·                  Banking
Technology - $4,000

·                  Marketing
and Business Development - $3,000

Directors
also have the right to make an irrevocable election for each year (by no later
than December 31st of the preceding year) to receive shares of
the Company’s common stock in lieu of receiving an elected portion of cash fees.
The number of shares issued to directors pursuant to this election is based on
the fair market value of the common stock as of the first trading day of the
year for which the election applies.Exhibit 10.3

THE ALLSTATE
CORPORATION

2006 EQUITY COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS

OPTION AWARD AGREEMENT

[Addressee]

In accordance with
the terms of The Allstate Corporation 2006 Equity Compensation Plan for
Non-Employee Directors (the “Plan”), pursuant to action of the Nominating and
Governance Committee of the Board of Directors, The Allstate Corporation hereby
grants to you (the “Participant”), subject to the terms and conditions set
forth in this Option Award Agreement and the Plan, which is incorporated herein
by reference, the right and option (the “Stock Option”) to purchase from the
Company the number of shares of its common stock, par value $.01 per share, set
forth below:

	
  Number of Shares to

  which Option Pertains:

  	
   

  	
  __________

  
	
  Date of Grant:

  	
   

  	
  __________

  
	
  Option Exercise Price:

  	
   

  	
  $_________, which is
  the Fair Market Value on the Date of Grant

  
	
  Vesting:

  	
   

  	
  As to one-third of the
  total number of said shares (with any resulting fractional share rounded to
  the nearest whole share), on _______ and ______, and as to the remaining
  unvested portion, on _______.

  
	
  Expiration Date:

  	
   

  	
  Close of business on
  ________

  
	
  Exercise Period:

  	
   

  	
  Date of Vesting through
  Expiration Date

  

 

THIS
OPTION IS SUBJECT TO FORFEITURE AS PROVIDED IN THIS OPTION AWARD AGREEMENT AND
THE PLAN.

1.   Terms
and Conditions of Option.   It is understood and agreed that the Award
of the Option evidenced by this Option Award Agreement is subject to the terms
and conditions as set forth herein. Further terms and conditions applicable to
the Award including but not limited to transferability, termination of director
status and change of control, are set forth in the Plan and incorporated by
reference. To the extent any provision hereof is inconsistent with a provision
of the Plan, the provision of the Plan will govern. Capitalized terms not
otherwise defined herein shall have the meanings given them in the Plan. By
accepting this Award, the Participant hereby acknowledges the receipt of a copy
of this Option Award Agreement and a copy of the Prospectus and agrees to be
bound by all the terms and provisions hereof and thereto.

2.   Exercise
of Option.   To the extent vested, the Option may be exercised in whole
or in part from time to time by delivery of written notice of exercise and
payment to Stock Option Record Office, The Allstate
Corporation, 2775 Sanders Road, Ste F5, Northbrook, Illinois  60062, unless the Company advises the
Participant to send the notice and payment to a different address or a 

 

designated representative. Such
notice and payment must be received not later than the Expiration Date,
specifying the number of shares of Stock to be purchased. In the event that the
Expiration Date falls on a day that is not a regular business day at the
Company’s executive offices in Northbrook, Illinois, such written notice must
be delivered no later than the next regular business day following the
Expiration Date.

The Option
Exercise Price shall be payable:  (a) in
cash or its equivalent, (b) by tendering previously acquired Stock (owned
for at least six months) having an aggregate Fair Market Value at the time of
exercise equal to the total Option Exercise Price, (c) by broker-assisted
cashless exercise, (d) by share withholding or (e) by a combination
of (a), (b), (c) and/or (d).

3.   Ratification
of Actions.   By accepting the Award or other benefit under the Plan,
the Participant and each person claiming under or through him shall be
conclusively deemed to have indicated the Participant’s acceptance and
ratification of, and consent to, any action taken under the Plan or the Award
by the Company, the Board or the Nominating and Governance Committee.

4.   Notices.   Any
notice hereunder to the Company shall be addressed to its Stock Option Record
Office and any notice hereunder to the Participant shall be addressed to him at
the address specified on this Option Award Agreement, subject to the right of
either party to designate at any time hereafter in writing some other address.

5.   Governing
Law and Severability.   To the extent not preempted by Federal law,
this Option Award Agreement will be governed by and construed in accordance
with the laws of the State of Delaware, without regard to conflicts of law
provisions. In the event any provision of the Option Award Agreement shall be
held illegal or invalid for any reason, the illegality or invalidity shall not
affect the remaining parts of this Option Award Agreement, and this Option
Award Agreement shall be construed and enforced as if the illegal or invalid
provision had not been included.

	
   

  	
  Edward M. Liddy

  
	
   

  	
  Chairman and Chief Executive Officer

  
	
   

  	
  THE ALLSTATE CORPORATIONExhibit 10.4

THE ALLSTATE
CORPORATION

2006 EQUITY COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS

RESTRICTED STOCK UNIT AWARD AGREEMENT

[Addressee]

In accordance with
the terms of The Allstate Corporation 2006 Equity Compensation Plan for
Non-Employee Directors (the “Plan”), pursuant to action of the Nominating and
Governance Committee of the Board of Directors, The Allstate Corporation hereby
grants to you (the “Participant”), subject to the terms and conditions set
forth in this Restricted Stock Unit Award Agreement and the Plan, which is
incorporated herein by reference, Restricted Stock Units (RSUs) as set forth
below. Each RSU corresponds to one share of Stock. An RSU is an unfunded and
unsecured promise to deliver one share of Stock on the Conversion Date or as
otherwise provided herein. Until such delivery, you have only the rights of a
general unsecured creditor of The Allstate Corporation and not as a stockholder
with respect to the shares of Stock underlying your RSUs.

	
  Number of RSUs Granted:

  	
   

  	
  ___________

  
	
  Date of Grant:

  	
   

  	
  ____________

  
	
  Period of Restriction:

  	
   

  	
  As to the total number
  of RSUs, Date of Grant through the first anniversary of the date on which the
  Participant is no longer serving on the Board.

  
	
  Conversion Date:

  	
   

  	
  Each RSU will convert
  to one share of Stock on the date the restrictions lapse with respect to that
  RSU (the “Conversion Date”).

  
	
   

  	
   

  	
   

  
	
  Dividend

  Equivalent Right:

  	
   

  	
  Each RSU shall include a Dividend Equivalent Right.

  

 

1.   Terms
and Conditions of Award.   It is understood and agreed that the Award
of RSUs evidenced by the RSU Award Agreement is subject to the terms and
conditions as set forth herein. Further terms and conditions applicable to the
RSU Award including but not limited to termination of director status and
change of control, are set forth in the Plan and incorporated by reference. To
the extent any provision hereof is inconsistent with a provision of the Plan,
the provision of the Plan will govern. Capitalized terms not otherwise defined
herein shall have the meanings given them in the Plan. By accepting this Award,
the Participant hereby acknowledges the receipt of a copy of this RSU Award
Agreement and a copy of the Prospectus and agrees to be bound by all the terms
and provisions hereof and thereto.

2.   Forfeiture
Restriction.   The Period of Restriction applicable to the RSUs shall
lapse upon the earlier of (i) the date of the Participant’s death or
Disability, and (ii) the first anniversary of the date on which the
Participant is no longer serving on the Board.

 

3.   Conversion
Date.   Unless otherwise determined by the Board, a Participant shall
be entitled to delivery of shares of Stock that underlie the RSUs then
outstanding upon the date the restrictions lapse with respect to such RSU.

4.   Dividend
Equivalent Right.   During the Period of Restriction, each RSU entitles
a Participant to receive at or as soon as practicable after the time of
distribution of any regular cash dividend paid by the Company in respect of a
share of Stock the record date for which occurs on or after the Date of Grant,
a cash amount equal to such regular dividend payment as would have been made in
respect of each share of Stock underlying such RSU. Cash payment with respect
to a Dividend Equivalent Right shall be made only with respect to such RSUs
that are outstanding on the dividend record date. Regular dividends will be
paid on the shares of Stock following conversion of the RSUs.

5.   Ratification
of Actions.   By accepting the RSU Award or other benefit under the
Plan, the Participant and each person claiming under or through him shall be
conclusively deemed to have indicated the Participant’s acceptance and
ratification of, and consent to, any action taken under the Plan or the RSU
Award by the Company, the Board or the Nominating and Governance Committee.

6.   Notices.   Any
notice hereunder to the Company shall be addressed to its Stock Option Record
Office and any notice hereunder to the Participant shall be addressed to him or
her at the address specified on this RSU Award Agreement, subject to the right
of either party to designate at any time hereafter in writing some other
address.

8.   Governing
Law and Severability.   To the extent not preempted by Federal law, the
RSU Award Agreement will be governed by and construed in accordance with the
laws of the State of Delaware, without regard to conflicts of law provisions. In
the event any provision of this RSU Award Agreement shall be held illegal or
invalid for any reason, the illegality or invalidity shall not affect the
remaining parts of this RSU Award Agreement, and this RSU Award Agreement shall
be construed and enforced as if the illegal or invalid provision had not been
included.

	
   

  	
  Edward M. Liddy

  
	
   

  	
  Chairman and
  Chief Executive Officer

  
	
   

  	
  THE ALLSTATE
  CORPORATION

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