Document:

Form of Key Employee Non-Qualified Stock Option Agreement

 Exhibit 10.3 
  
 BRYN MAWR BANK CORPORATION 
 KEY EMPLOYEE 
 NON-QUALIFIED STOCK OPTION AGREEMENT 
 SUBJECT TO THE 2004 STOCK OPTION PLAN 
  
 AGREEMENT, dated as of                     ,
20     by and between BRYN MAWR BANK CORPORATION (the “Corporation”) and              (the “Optionee” or “you”). 
  
 1. This Agreement is subject to the terms and conditions of the Bryn Mawr
Bank Corporation 2004 Stock Option Plan (the “Plan”) as approved by the Board of Directors of the Corporation on January 15, 2004 and by the Corporation’s shareholders on April 20, 2004. Any references or definitions contained herein
shall, except as otherwise specified herein, be construed in accordance with the terms and conditions of the Plan. On                     ,
20    , the Corporation’s Compensation Committee granted the Optionee certain options, described in Section 4 hereof, to purchase its common stock (the “stock”) at
                             Dollars and
                             Cents
($            ) a share, the market price of the stock on
                    , 20    . 
  
 2. Subject to the terms and conditions of the Plan and those set forth herein, this Agreement confirms the grant to the
Optionee of the option to purchase                              shares of stock at the price of
                             Dollars and
                             Cents
($            ) per share. 

 3. The purpose of granting directors, officers and other key employees options pursuant to the Plan is to
attract, retain and reward them, to increase their stock ownership and their identification with the Corporation’s interests, and to enhance the value of the Corporation over the long-term for the shareholders. In return for granting this
option to you, please acknowledge by signing below at the end of this Agreement that you have read the entire Agreement, including the stock forfeiture and termination provisions in this Section 3 and Sections 6 and 8 and that you agree as follows:

  
 a. Forfeiture of Option Gain and Unexercised Options If
You Engage in Certain Activities. The provisions of this subsection 3(a) will apply to all options granted to you under the Plan. If, at any time within (i) the ten (10) year term of this option, or (ii) two (2) years after termination of
leaving your employment with the Corporation, or (iii) two (2) years after you exercise any portion of this option whichever is later, you engage in any activity inimical, contrary or harmful to the interests of the Corporation including, but not
limited to (a) conduct related to your employment for which either criminal or civil penalties against you may be brought, (b) violation of the Corporation’s policies including, without limitation, the Corporation’s insider trading policy,
(c) soliciting of any 

 customer of the Corporation for business which would result in such customer terminating their relationship with the
Corporation; soliciting or inducing any individual who is an employee of the Corporation to leave the Corporation or otherwise terminate their relationship with the Corporation, (d) disclosing or using any confidential information or material
concerning the Corporation, or (e) participating in a hostile takeover attempt, then (1) this option shall terminate effective as of the date on which you engage in such activity, unless terminated sooner by operation of another term or condition of
this Agreement or the Plan, and (2) any option gain realized by you from exercising all or a portion of this option shall be paid by you to the Corporation on the day you engage in such activity. 
  
 b. Right of Setoff. By accepting this Agreement, you consent to
deduction to the extent permitted by law, from any amounts that the Corporation owes you from time to time (including amounts owed to you as wages or other compensation, fringe benefits, or paid time-off pay, as well as any other amounts owed to you
by the Corporation), the amounts you owe the Corporation under subsection a. above. Whether or not the Corporation elects to make any setoff in whole or in part, if the Corporation does not recover by means of setoff the full amount you owe it,
calculated as set forth above, you agree to immediately pay the unpaid balance to the Corporation. 

 c. Compensation Committee Discretion. You may be released from your obligations under subsections
a. and b. of this Section 3 only if the Compensation Committee of the Board of Directors (the “Compensation Committee”), or its duly appointed agent determines in its sole discretion that such action is in the best interest of the
Corporation. 
  
 4. Each Option granted under the Plan shall vest
at the rate of thirty three and                              percent
(            %) of the initially awarded option per year, commencing with the vesting of the first installment one (1) year after the date of the grant of the option and succeeding
installments on the                              anniversaries, respectively, of the date of the grant
of the option. Notwithstanding any other provisions of this Agreement, in the event of a Change of Control or your death, Disability or Retirement, the option that has been awarded to you shall immediately vest, unless, prior to death, Disability or
Retirement, you violated the option forfeiture provisions of Sections 3, 6 and 8 of this Agreement or your option becomes null and void because of termination of your employment, as provided in subsections 7.4(c) and (d) of the Plan. 
  
 5. The option may be exercised upon vesting but in no event after
                            , 20    . Each option shall be exercised by the
Optionee delivering to the Treasurer of the Corporation written notice specifying the number of shares that the Optionee then desires to purchase and the option price thereof, together with cash, a check for an amount in United 

 States dollars to the order of the Corporation or shares of Corporation stock equal to the option price of the shares the
Optionee desires to purchase and, any applicable withholding tax obligations as described in Section 12 hereof or a combination of Corporation stock and United States dollars, subject to the restriction of Section 7.7(c) of the Plan. The Corporation
may then require that there be presented to and filed with it a written representation by the Optionee that it is then the Optionee’s intention to acquire the shares to be purchased for investment and not with a view to their distribution. In
such event, no shares shall be issued or transferred to the Optionee unless and until the Corporation is satisfied with the correctness of such representation. 
  

As soon as practicable after receipt by the Corporation of such written notification and payment and, if required by the Corporation, the
Optionee’s representation of the intent to acquire for investment, the Corporation shall, subject to the requirements of Section 13 hereof, issue or transfer to the Optionee the number of shares of stock with respect to which such option shall
have been so exercised and shall deliver to the Optionee a certificate or certificates evidencing such shares, registered in the Optionee’s name. 

 6. Each Option shall expire ten (10) years from its date of grant, but shall be subject to earlier
termination as follows: 
  

	 	a.	In the event an Optionee shall cease to be an Employee for reasons other than death, Disability or Retirement, each then vested option may only be exercised within ninety (90) days
after such Optionee shall cease to be an Employee or within the option period, whichever is earlier. 

  

	 	b.	In the event of the termination of an Optionee’s employment by reason of death, Disability or Retirement, the then outstanding options of such Optionee shall thereupon vest and
become exercisable for a period of one (1) year after such Optionee’s death, Disability or Retirement. A deceased Optionee’s options that are still exercisable shall be exercised within one (1) year of the date of the Optionee’s death
by the estate of such Optionee or by a person or persons whom the Optionee has designated in a writing filed with the Corporation, or, if no such designation has been made, by the person or persons to whom the Optionee’s rights have passed by
will or the laws of descent and distribution. 

  

	 	c.	In the event an Optionee shall cease to be an employee for reasons other than death, Disability or Retirement, each then unvested Option to purchase shares shall be null and void
immediately upon termination of the Optionee’s employment and may not be exercised. 

	 	d.	In the event of termination for Cause of an Optionee’s service as an employee, such Optionee’s unexercised vested options and unvested options to purchase shares of stock
shall be null and void immediately upon termination of the Optionee’s service and may not be exercised. 

  

	 	e.	In the event that while an Optionee is an employee or after an Optionee ceases to be an employee, such Optionee engages in any of the conduct described in Sections 3 or 8 hereof,
then, subject to the discretion of the Compensation Committee, that Optionee shall forfeit the right to exercise options and be required to pay the Corporation the option gains as described in Section 3 hereof. 

  
 The Corporation’s Board of Directors Compensation Committee may, in
extenuating circumstances, alter the exercise provisions outlined in this Agreement including specifically this Section 6 or Sections 3 or 8 hereof. 
  
 7. The term “Corporation” as used in this Agreement with reference to employment shall include employment with any of the subsidiaries of the
Corporation. The term “subsidiary” as used in this Agreement shall mean any subsidiary of the Corporation as defined in the Plan. The term “confidential information” as used in this Agreement includes, but is not limited to,
records, 

 lists, and knowledge of Corporation’s clients, methods of operation, processes, trade secrets, methods of
determination of prices, prices or fees, financial condition, profits, sales, net income, and indebtedness, as the same may exist from time to time. Whenever the word “Optionee” is used in any provision of this Agreement under
circumstances where the provision should logically be construed to apply to the estate, or personal representative or duly appointed legal guardian, to whom this option may be transferred by will or by the laws of descent and distribution, it shall
be deemed to include such person. 
  
 8. The options are not
transferable by the Optionee otherwise than by will or the laws of descent and distribution and, during the lifetime of the Optionee, the option shall be exercisable only by the Optionee. No assignment or transfer of this option whether voluntary or
involuntary, by operation of law or otherwise, except by will or the laws of descent and distribution, shall vest in the assignee or transferee any interest or right herein whatsoever, but immediately upon any attempt to assign or transfer this
option the same shall terminate and be of no force or effect. 
  
 9. Anything in this Agreement to the contrary notwithstanding, the Optionee hereby agrees not to exercise this option, and that the Corporation will not be obligated to issue any shares to the Optionee hereunder, if the exercise hereof or
the issuance or transfer of such shares shall constitute a 

 violation by the Optionee or the Corporation of any provisions of any law or regulation of any governmental authority.
Any determination in this connection by the Compensation Committee shall be final, binding and conclusive. The Corporation shall in no event be obliged to register any securities pursuant to the Securities Act of 1933 (as now in effect or as
hereafter amended) or to take any other affirmative action in order to cause the exercise of the option or the issuance or transfer of shares pursuant thereto to comply with any law or regulation of any governmental authority. 
  
 10. Any notice which either party hereto may be required or permitted to give
to the other shall be in writing, and may be delivered personally or by mail, postage prepaid, addressed as follows: to the Corporation, Attention: Treasurer, at its office at 801 Lancaster Avenue, Bryn Mawr, PA 19010 or to the Optionee at her/his
address on the records of the Corporation or at such other address as the Corporation, or Optionee, may designate in writing from time to time to the other party hereto. 
  
 11. Neither the action of the Corporation or the shareholders, nor any action taken by the Compensation Committee under the
Plan nor any provisions of this Agreement shall be construed as giving to the Optionee the right to be retained in the employ of the Corporation. 
  
 12. The Corporation may require, as a condition to the delivery of certificates for shares of stock issued pursuant to 

 the exercise of any option, that the Optionee pay to the Corporation any federal, state or local taxes of any kind
required by law to be withheld with respect to any grant or any delivery of shares. The Corporation and any of its subsidiaries including, without limitation, The Bryn Mawr Trust Company, to the extent permitted or required by law, shall have the
right to deduct from any payment of any kind (including salary or bonus) otherwise due to an Optionee any federal, state or local taxes of any kind required by law to be withheld with respect to any option grant or to the delivery of shares under
the Plan, or to retain or sell, without notice, a sufficient number of the shares to be issued to such Optionee to cover any such taxes, provided that the Corporation shall not sell any such shares if such sale would be considered a sale for
purposes of Section 16 of the Securities Exchange Act of 1934, as amended. 
  
 13. Upon a partial exercise of any option granted pursuant to this Agreement, the Optionee hereby agrees, at the request of the Corporation’s Treasurer, to return this Agreement to the Corporation so that a
statement may be placed upon the Agreement by the Treasurer confirming the partial exercise by the Optionee of the option granted by this Agreement. 
  
 14. The provisions of this Agreement shall be construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to the conflict of
law provisions of any jurisdiction. 

 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed by a duly authorized
officer, and the Optionee has hereunto set his/her hand and seal, all as of the day and year first above written. 
  

			
	 BRYN MAWR BANK CORPORATION

		
	 By:
	 	  

	 	 	  

	 	 	  

	 	 	(Signature of Optionee)
	 	 	  

	 	 	(Print Name of Optionee)
	 	 	  

	 	 	(Address of Optionee)Form of Executive Change of Control Severance Agreement

 Exhibit 10.4 
  
 THE BRYN MAWR TRUST COMPANY 
  

EXECUTIVE CHANGE-OF-CONTROL 
  
 SEVERANCE AGREEMENT 
  
 This Agreement made as of
                             between The Bryn Mawr Trust Company, a Pennsylvania financial
institution, subject to the provisions of the Pennsylvania Banking Code of 1965, as amended (the “Company”), and
                             (the “Employee”). 
  
 WHEREAS, the Employee is presently employed by the Company as its
                            ; 
  
 WHEREAS, the Company considers it essential to foster the employment of well qualified key management personnel, and, in
this regard, the board of directors of the Company recognizes that, as is the case with many financial institutions, the possibility of a change of control of the Company’s publicly held parent company, Bryn Mawr Bank Corporation,
(“BMBC”) may exist and that such possibility, and the uncertainty and questions which it may raise among the Company’s management, may result in the departure or distraction of key management personnel to the detriment of the Company
and ultimately to the detriment of BMBC and its shareholders; 
  
 WHEREAS, the Boards of directors of the Company and BMBC have determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of key members of the Company’s management to their
assigned duties, without distraction in the face of potentially disturbing circumstances arising from the possibility of a change of control of the BMBC, although no such change is now contemplated; and 

 WHEREAS, in order to induce the Employee, a key member of the Company’s management, to remain in the
employ of the Company, the Company agrees that the Employee shall receive the compensation and benefits set forth in this Agreement in the event his/her employment with the Company is terminated subsequent to a “Change of Control” (as
defined in Section 1 hereof) of BMBC, as a cushion against the financial and career impact on the Employee of any such Change of Control; 
  
 NOW, THEREFORE, in consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby,
the parties hereto agree as follows: 
  
 1. Definitions.
For all purposes of this Agreement, the following terms shall have the meanings specified in this Section, unless the context clearly otherwise requires: 
  
 (a) “Affiliate” and “Associate” shall have the respective meanings ascribed to such terms in Rule 12b-2 of the General Rules and
Regulations issued under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). 
  
 (b) “AIP” shall mean any Annual Incentive Plan of the Company, as in effect immediately prior to a change of Control, or predecessor or prior
plan, including BMBC’s Thrift and Savings Plan and the Company’s annual bonus plan. 
  
 (c) “Base Salary” shall mean the total cash remuneration earned by the Employee on an annualized basis in all capacities with the Company and its Subsidiaries, including, without limitation, any amounts the
payment of which has been deferred by the Employee, excluding only payments earned by or allocated to the Employee under the AIP. 

 (d) A Person shall be deemed the “Beneficial Owner” of any securities: 
  
 (i) that such Person or any of such Person’s Affiliates or Associates,
directly or indirectly, has the right to acquire (whether such right is exercisable immediately or only after the passage of time) pursuant to any agreement, arrangement or understanding (whether or not in writing) or upon the exercise of conversion
rights, exchange rights, rights, warrants or options, or otherwise; provided, however, that a Person shall not be deemed the “Beneficial Owner” of securities tendered pursuant to a tender or exchange offer made by such Person
or any of such Person’s Affiliates or Associates until such tendered securities are accepted for payment, purchase or exchange; 
  
 (ii) that such Person or any of such Person’s Affiliates or Associates, directly or indirectly, has the right to vote or dispose of or has
“beneficial ownership” of (as determined pursuant to Rule 13d-3 of the General Rules and Regulations issued under the Exchange Act), including without limitation pursuant to any agreement, arrangement or understanding, whether or not in
writing; provided, however, that a Person shall not be deemed the “Beneficial Owner” of any security under this subsection (ii) as a result of an oral or written agreement, arrangement or understanding to vote such security
if such agreement, arrangement or understanding (A) arises solely from a revocable proxy given in response to a public proxy or consent solicitation made pursuant to, and in accordance with, the applicable provisions of the General Rules and
Regulations issued under the Exchange Act, and (B) is not then reportable by such Person on Schedule 13D under the Exchange Act (or any comparable or successor report); or 

 (iii) that are beneficially owned, directly or indirectly, by any other Person (or any Affiliate or
Associate thereof) with which such Person (or any of such Person’s Affiliates or Associates) has any agreement, arrangement or understanding (whether or not in writing) for the purpose of acquiring, holding, voting (except pursuant to a
revocable proxy as described in the proviso to subsection (ii) above) or disposing of any voting securities of BMBC; provided, however, that nothing in this Section 1(d) shall cause a Person engaged in business as an underwriter of
securities to be the “Beneficial Owner” of any securities acquired through such Person’s participation in good faith in a firm commitment underwriting until the expiration of forty (40) days after the date of such acquisition.

  
 (e) “Board” shall mean the board of directors of the
Company or BMBC as the context of this Agreement indicates. 
  
 (f) “Change of Control” shall be deemed to have taken place if (i) any Person (except BMBC, any Subsidiary of BMBC, any employee benefit plan of BMBC or the Company, any Person or entity organized, appointed or established by BMBC
or any Subsidiary of BMBC for or pursuant to the terms of any such employee benefit plan) together with all Affiliates and Associates of such Person, shall become the Beneficial Owner in the aggregate of 25% or more of the common stock of BMBC then
outstanding, or (ii) during any twenty-four month period, individuals who at the beginning of such period constituted the Board of BMBC or the Company cease, for any reason, to constitute a majority thereof, unless the election, or the 

 
nomination for election by BMBC’s or the Company’s shareholders, as the case may be, of each director who was not a director at the beginning of
such period was approved by a vote of at least two-thirds of the directors in office at the time of such election or nomination, who were directors at the beginning of such period. 
  
 (g) “Common Stock” shall mean the outstanding common stock of BMBC. 
  
 (h) “Pension Plan” shall mean the BMBC non-contributory pension
plan and the amended pension plan which covers eligible employees of the Company. 
  
 (i) “Person” shall mean any individual, firm, corporation, partnership or other entity. 
  
 (j) “Stock Plan” shall mean (i) BMBC’s 1986 Stock Option and Stock Appreciation Rights Plan, as amended and restated; (ii) BMBC’s 1998
Stock Option Plan; (iii) BMBC’s 2004 Stock Option Plan, and (iv) any other stock option plan, stock option and stock appreciation rights plan, stock bonus plan, stock grant plan, or similar benefit plan established by BMBC and which exists for
the benefit of the Employee at the time of a Change in Control. 
  
 (k) “Subsidiary” shall have the meaning ascribed to such term in Rule 12b-2 of the General Rules and Regulations issued under the Exchange Act. 
  
 (l) “Termination Date” shall mean the date of receipt of the Notice of Termination described in Section 2 hereof
or any later date specified therein, as the case may be. 
  
 (m)
“Termination of Employment” shall mean the termination of the Employee’s actual employment relationship with the Company. 

 (n) “Termination upon a Change of Control” shall mean a Termination of Employment upon or
within two (2) years after a Change of Control either: 
  
 (i)
initiated by the Company for any reason other than (x) the Employee’s continuous illness, injury or incapacity for a period of six consecutive months or (y) for “cause,” which shall mean misappropriation of funds, habitual insobriety,
substance abuse, conviction of a crime involving moral turpitude, or gross negligence in the performance of his/her duties, which gross negligence has had a material adverse effect on the business, operations, assets, properties or financial
condition of the Company and its Subsidiaries or BMBC and its Subsidiaries taken as a whole; or 
  
 (ii) initiated by the Employee following one or more of the following occurrences: 
  
 (A) a significant reduction by the Company or BMBC (if the Employee is an officer of BMBC) of the authority, duties or
responsibilities of the Employee immediately prior to the Change of Control; 
  
 (B) any removal of the Employee from his/her officer position with BMBC, the Company and its Subsidiaries held by him/her immediately prior to the Change of Control, except in connection with promotions to higher
office; 
  
 (C) a reduction by the Company in the
Employee’s Base Salary as in effect immediately prior to the Change of Control; 
  
 (D) revocation or any modification of the AIP or Stock Plan, or any action taken pursuant to the terms of either plan, which 

 
materially (x) reduces the opportunity to receive compensation under any or both of such plans of equivalent amounts received by the Employee during the
three (3) fiscal years immediately preceding the Change of Control, subject to the right of the Boards of Directors of BMBC or the Company, as appropriate, to establish in a manner consistent with past practice, prior to the Change of Control,
reasonable goals under the AIP or Stock Plan, (y) reduces the compensation payable to the Employee under either or both of such plans but which does not effect comparable reductions in the compensation payable to the other participants in such
plans, or (z) increases the compensation payable to other participants in either or both of such plans but which does not effect corresponding increases in the amount of compensation payable to the Employee; 
  
 (E) termination or modification of BMBC’s Pension Plan or Supplemental
Employee Retirement Plan, in each case as such plans are in effect immediately prior to the Change of Control, which materially reduces (x) the retirement benefits provided by such plans, or (y) the funding thereof provided by the Pension Plan or by
any trust established by BMBC to fund benefits provided by the Supplemental Employee Retirement Plan; 
  
 (F) a transfer of the Employee, without his/her express written consent, to a location which is outside the Greater Philadelphia area (or the general
area in which his/her principal place of 

 
business immediately preceding the Change of Control may be located at such time, if other than Bryn Mawr, Pennsylvania), or which is otherwise an
unreasonable commuting distance from the Employee’s principal residence at the date of the Change of Control; 
  
 (G) the Employee being required to undertake business travel to an extent substantially greater than the Employee’s business travel obligations
immediately prior to the Change of Control; or 
  
 (H) any
failure of the Company to comply with and satisfy Section 13 of this Agreement. 
  
 2. Notice of Termination. Any Termination upon a Change of Control shall be communicated by a Notice of Termination to the other party hereto given in accordance with Section 14 hereof. For purposes of this
Agreement, a “Notice of Termination” means a written notice which (i) indicates the specific termination provision in this Agreement relied upon, (ii) briefly summarizes the facts and circumstances deemed to provide a basis for termination
of the Employee’s employment under the provision so indicated, and (iii) if the termination date is other than the date of receipt of such notice, specifies the termination date (which date shall not be more than 15 days after the giving of
such notice). 
  
 3. Severance Compensation upon
Termination. Subject to the provisions of Section 10 hereof, in the event of the Employee’s Termination upon a Change of Control, the Company shall pay to the Employee, within fifteen (15) days after the Termination Date (or as soon as
possible thereafter in the event that the procedures set forth in paragraph (b) of Section 11 hereof cannot be completed within fifteen (15) days) an amount in cash equal to
             (    ) times the sum of the Employee’s Base Salary in effect either immediately prior to the Termination of Employment or immediately
prior to the Change of Control, whichever is higher. 

 4. Other Payments. Subject to the provisions of Section 10 hereof, in the event of the
Employee’s Termination upon a Change of Control, the Company shall: 
  
 (a) pay to the Employee within fifteen (15) days after the Termination date: 
  
 (i) unless the Employee has exercised such options, an amount equal to the excess, if any, of the aggregate fair market value of the shares of
BMBC’s Common Stock subject to all stock options outstanding and unexercised as of the Termination Date, whether vested or unvested, granted to the Employee under the Stock Plan, over the aggregate exercise price of all such stock options. For
purposes of this paragraph, fair market value shall mean the highest of (x) the closing price of BMBC’s Common Stock on the last business day the Common Stock was traded immediately preceding the Termination Date, if such Common Stock is
publicly traded at such date, (y) if such Common Stock is not publicly traded at the Termination date, the value determined by an independent appraiser, such appraiser to be selected by the Employee and to be reasonably satisfactory to the Company
(the fees and expenses of such appraiser to be borne by the Company), or (z) the highest per share price of BMBC’s Common Stock paid (in connection with the Change of Control or at any time thereafter) by the Person or group whose acquisition
of shares of Common Stock of BMBC has given rise to a Change of Control; 

 (ii) to the extent not theretofore paid, the Employee’s Base Salary through the Termination Date
and a further amount equal to the Employee’s salary in lieu of his/her unused vacation pay, if any, both calculated at the salary rate in effect on the Termination Date, or, if higher, at the highest rate in effect at any time within the 90-day
period preceding the Termination Date; 
  
 (iii) to the extent
not theretofore paid, an amount equal to all awards earned by the Employee under the AIP in respect of completed plan periods prior to the Termination Date (including all amounts the payment of which was previously deferred under such plans and
interest thereon from the date of each such deferral to the date of payment at the maximum rate provided by such plans or any gain or increase in value obtained on investments in such plans), in each case without regard to any provisions set forth
in such plans to the contrary. In the event that the Company’s financial statements for any fiscal years, included in such plan periods, have not yet been completed at the Termination Date, the Company’s shall pay to the Employee the
amounts due hereunder as soon as possible thereafter; 
  
 (iv)
payment in respect of the AIP for the uncompleted fiscal year during which Termination of Employment occurs determined by multiplying the amount determined in Section 3(a)(ii) by a fraction, the numerator of which shall be the number of days between
the Termination Date and the last day of the last full fiscal year prior to the Termination Date and the denominator of which shall be Three Hundred Sixty Five (365); and 

 (b) to the extent permitted by applicable law, continue or cause to be continued until
             (    ) whole months after the Termination Date, on the cost-sharing basis in effect immediately prior to the Change of Control, medical,
dental, life and disability insurance benefits substantially equivalent in all material respects to those furnished by the Company to the Employee immediately prior to the Change of Control; provided, however, that the obligation of
the Company to provide such benefits shall cease at such time as the Employee is employed on a full-time basis by a Person not owned or controlled by the Employee that provides the Employee, on substantially the same cost-sharing basis between the
Company and the Employee in effect immediately prior to the Change of Control, with medical, dental, life and disability insurance benefits substantially equivalent in all material respects to those furnished by the Company and its Subsidiaries to
the Employee immediately prior to the Change of Control; 
  
 (c)
for both vesting and benefit calculation purposes, credit the Employee with              (    ) additional “year of credited service” (as defined
in BMBC’s Pension Plan) under BMBC’s Pension Plan and Supplemental Employee Retirement Plan in addition to the years of credited service that would have otherwise been calculated by reference solely to the Termination Date, it being
understood that benefits in respect of the              (    ) additional year of credited service shall be paid to the Employee under the Supplemental
Employee Retirement Plan, and that BMBC shall, to the extent necessary to provide the Employee the additional benefits intended hereby, amend the Supplemental Employee Retirement Plan or create such supplemental retirement plans as may be necessary;
and 

 (d) pay for reasonable career counseling services provided by Manchester Partners International or any
such equivalent agency satisfactory to both the Company and the Employee. 
  
 5. Establishment of Trust. Immediately upon a Change of Control as herein defined, the Company shall establish an irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy its obligations
hereunder. Funding of such trust fund shall be subject to the Company’s discretion, as to be set forth in the agreement pursuant to which the trust fund will be established. 
  
 6. Enforcement. 
  
 (a) In the event that the Company shall fail or refuse to make payment of any amounts due the Employee under Sections 3 and 4 hereof within the respective
time periods provided therein, the Company shall pay to the Employee, in addition to the payment of any other sums provided in this Agreement, interest, compounded daily, on any amount remaining unpaid from the date payment is required under Section
3, 4 or 5, as appropriate, until paid to the Employee, at the prime rate published daily in the Wall Street Journal, each change in such rate to take effect on the effective date of the change in such prime rate. 
  
 (b) It is the intent of the parties hereto that the Employee not be required
to incur any expenses associated with the enforcement of his/her rights under this Agreement by arbitration, litigation or other legal action because the cost and expense thereof would substantially detract from the benefits intended to be extended
to the Employee hereunder. Accordingly, the Company shall pay the Employee on demand the amount necessary to reimburse the Employee in full for all expenses (including all attorneys’ fees and legal expenses) incurred by the Employee in
enforcing any of the obligations of the Company under this Agreement. 

 7. No Mitigation. The Employee shall not be required to mitigate the amount of any payment or
benefit provided for in this Agreement by seeking other employment or otherwise. 
  
 8. Nonexclusivity of Rights. Nothing in this Agreement shall prevent or limit the Employee’s continuing or future participation in or rights under any benefit, bonus, incentive or other plan or program
provided by BMBC, the Company or any of its Subsidiaries or Affiliates and for which the Employee may qualify; provided, however, that if the Employee becomes entitled to and receives all of the payments provided for in this Agreement,
the Employee agrees to waive his/her right to receive payments under any severance plan or program applicable to all employees of the Company. 
  
 9. No Set-Off. The Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder
shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Employee or others and the Company hereby agrees not to exercise any such
rights with respect to payment due the Employee pursuant to this Agreement. 
  
 10. Certain Reduction of Payments. 
  
 (a) Anything in this Agreement to the contrary notwithstanding, in the event that it shall be determined as set forth herein that any payment or distribution by the Company to or for the benefit of the Employee,
whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise (a “Payment”), would constitute an “excess parachute payment” within the meaning of Section 280G of the Internal Revenue
Code of 1986, as amended (the “Code”), and that it would be economically advantageous to the Employee to reduce the Payment to avoid or reduce the taxation of excess parachute payments under Section 

 
4999 of the Code, the aggregate present value of amounts payable or distributable to or for the benefit of the Employee pursuant to this Agreement (such
payments or distributions pursuant to this Agreement are hereinafter referred to as “Agreement Payments”) shall be reduced (but not below zero) to the Reduced Amount. The “Reduced Amount” shall be an amount expressed in present
value which maximizes the aggregate present value of Agreement Payments without causing any Payment to be subject to the taxation under Section 4999 of the Code. For purposes of this Section 10, present value shall be determined in accordance with
Section 280G(d)(4) of the Code. 
  
 (b) All determinations to be
made under this Section 10 shall be made, in writing, by KPMG LLP, or the Company’s independent certified public accountant immediately prior to the Change of Control, if other than KPMG LLP, (the “Accounting Firm”), which firm shall
provide its determinations and any supporting calculations in writing to both the Company and the Employee within ten (10) days of the Termination Date. Any such determination by the Accounting Firm shall be binding upon the Company and the
Employee. The Employee shall in his/her sole discretion determine which and how much of the Agreement Payments shall be eliminated or reduced consistent with the requirements of this Section 10. Within five (5) days after the Employee’s
determination, the Company shall pay (or cause to be paid) or distribute (or cause to be distributed) to or for the benefit of the Employee such amounts as are then due to the Employee under this Agreement. 
  
 (c) As a result of the uncertainty in the application of Section 280G of the
Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Agreement Payments, as the case may be, will have been made by the Company which should not have been made (“Overpayment”) or that
additional Agreement Payments which have not 

 
been made by the Company could have been made (“Underpayment”), in each case, consistent with the calculations required to be made hereunder.
Within two (2) years after the Termination of Employment, the Accounting Firm shall review the determination made by it pursuant to the preceding paragraph. In the event that the Accounting Firm determines that an Overpayment has been made, any such
Overpayment shall be treated for all purposes as a loan to the Employee which the Employee shall repay to the Company together with interest at the applicable Federal rate provided for in Section 7872(f)(2) of the Code (the “Federal
Rate”); provided, however, that no amount shall be payable by the Employee to the Company if and to the extent such payment would not reduce the amount which is subject to taxation under Section 4999 of the Code. In the event that
the Accounting Firm determines that an Underpayment has occurred, any such Underpayment shall be promptly paid by the Company to or for the benefit of the Employee together with interest thereon at the Federal Rate. 
  
 (d) All of the fees and expenses of the Accounting Firm in performing the
determinations referred to in paragraphs (b) and (c) above shall be borne solely by the Company. The Company agrees to indemnify and hold harmless the Accounting Firm of and from any and all claims, damages and expenses of any nature resulting from
or relating to its determinations pursuant to paragraphs (b) and (c) above, except for claims, damages or expenses resulting from the gross negligence or willful misconduct of the Accounting Firm. 
  
 11. Settlement of All Disputes. 
  
 (a) The Employee and the Company acknowledge that the Compensation Committee
of the Company’s Board intends to review and approve a schedule indicating a method of calculating certain payments to be made to the Employee hereunder in the event of a Termination upon a Change of Control. In the event that the compensation
plans referred to 

 
herein change prior to a Change of Control, the Compensation Committee of the Company’s Board may, prior to such Change of Control, revise the schedule
to reflect such changes. The method of calculation set forth on such schedule, as so revised prior to a Change of Control, shall be followed by the parties hereto unless manifestly unfair to the Employee. 
  
 (b) In the event of any dispute, controversy or claim arising out of or
relating to any provision of this Agreement or the Employee’s Termination upon a Change of Control, the Company shall appoint as the sole and exclusive arbiter of such dispute, controversy or claim, a committee composed of two persons who were
members of the Company’s Board at any time within five (5) years prior to the Change of Control (which persons may, but need not be, directors of the Company at the time of such dispute, controversy or claim); provided, however,
that no person shall be eligible to serve thereon who (i) is at the Termination Date, or shall have been at any time within one year prior thereto, an executive officer of the Company, or (ii) shall be or have been at any time related in any manner
to or otherwise affiliated with, or was first nominated by, the corporation, Person or group whose acquisition of shares of Common Stock of BMBC has given rise to a Change of Control. The decision of such committee and the award of any monetary
judgment or other relief by such committee shall be final and binding upon the Employee and the Company, and shall not be subject to appeal. Judgment may be entered upon the decision and award of such committee by the Employee or the Company in any
court of competent jurisdiction. The Company shall pay the persons selected pursuant to this subsection a reasonable fee for their services, and shall reimburse such persons for their expenses incurred in this capacity. In addition, the Company
shall, to the maximum extent permitted by law, indemnify and hold harmless such persons of and from any and all claims, damages or expenses of any nature whatsoever relating to or arising from their activities in this capacity. 

 (c) In the event that the Company shall be unable to appoint the committee referred to in paragraph (b)
above after good faith efforts to do so, or in the event that such committee cannot reach a unanimous agreement, any remaining dispute, controversy or claim arising out of or relating to any provision of this Agreement or the Employee’s
Termination upon a Change of Control shall be settled by arbitration in the City of Philadelphia, in accordance with the commercial arbitration rules then in effect of the American Arbitration Association, before a panel of three (3) arbitrators,
two (2) of whom shall be selected by the Company and the Employee, respectively, and the third of whom shall be selected by the other two arbitrators. Each arbitrator selected as provided herein is required to be or have been a director or an
executive officer of a corporation whose shares of common stock were listed during at least one year of such service on the New York Stock Exchange or the American Stock Exchange or quoted on the National Association of Securities Dealers Automated
Quotations System. Any award entered by the arbitrators shall be entered thereon by any party in accordance with applicable law in any court of competent jurisdiction. This arbitration provision shall be specifically enforceable. The fees of the
American Arbitration Association and the arbitrators and any expenses relating to the conduct of the arbitration shall be paid by the Company. 
  
 (d) The party or parties challenging the right of the Employee to the benefits of this Agreement shall in all circumstances have the burden of proof.

  
 12. Term of Agreement. The term of this Agreement shall
be for              (    ) years from the date hereof and shall automatically be extended for additional one-year periods unless written notice of
termination of this Agreement is provided to the Employee by the Company at least one year prior to the expiration of the initial              (    ) year
term or any one-year renewal period; provided, however, that (i) after a Change of Control during the term of this Agreement, 

 
this Agreement shall remain in effect for a period of two (2) years and until all of the obligations of the parties hereunder are satisfied or have expired,
and (ii) this Agreement shall terminate if, prior to the Change of Control, the employment of the Employee with the Company or any of its Subsidiaries shall terminate for any reason whatsoever. 
  
 13. Successor Company. The Company shall require any Person who
acquires the majority of the Common Stock of the Company or BMBC or any successor or successors thereof (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the
Company or BMBC, by agreement, in form and substance satisfactory to the Employee, to acknowledge expressly, in writing, that this Agreement is binding upon and enforceable against the Company or BMBC or any successor or successors thereto in
accordance with the terms hereof and the instrument of transfer, and to become jointly and severally obligated with the Company to perform this Agreement, in the same manner and to the same extent that the Company would be required to perform this
Agreement if no such acquisition purchaser, merger consolidation, succession or successions had taken place. Failure of the Company to obtain such agreement prior to the effectiveness of any such succession shall be a breach of this Agreement. As
used in this Agreement, the Company shall mean the Company as hereinbefore defined and any such successor or successors to its business and/or assets, jointly and severally. 
  
 14. Notice. All notices and other communications required or permitted hereunder or necessary or convenient in
connection herewith shall be in writing and shall be delivered personally or mailed by registered or certified mail, return receipt requested, or by overnight express courier service, as follows: 
  
 If to the Company, to: 
  
 Corporate Secretary 
 The Bryn Mawr Trust Company 
 801 Lancaster
Avenue 
 Bryn Mawr, PA 19010 

 If to the Employee, to: 
  
 _____________________________             
 _____________________________             
 _____________________________             
  
 or to such other names or addresses as the Company or the Employee, as the case may be, shall
designate by notice to the other party hereto in the manner specified in this Section. Any such notice shall be deemed delivered and effective when received in the case of personal delivery, five (5) days after deposit, postage prepaid, with the
U.S. Postal Service in the case of registered or certified mail, or on the next business day in the case of overnight express courier service. 
  
 15. Governing Law. This Agreement shall be governed by and interpreted under the laws of the Commonwealth of Pennsylvania without giving effect to
any conflict of laws provisions. 
  
 16. Contents of Agreement,
Amendment and Assignment. 
  
 (a) This Agreement supersedes
all prior agreements and sets forth the entire understanding between the parties hereto with respect to the subject matter hereof and cannot be changed, modified, extended or terminated except upon written amendment executed by the Employee and
approved by the Board and executed on the Company’s behalf by a duly authorized officer. The provisions of this Agreement may provide for payments to the Employee under certain compensation or bonus plans (including without limitation the AIP
and Stock Plan) under circumstances where such plans would not provide for payment thereof. It is the specific intention of the parties that the provisions of this Agreement shall supersede any provisions to the contrary in such plans, and such
plans shall be deemed to have been amended to correspond with this Agreement without further action by the Company or the Boards of BMBC or the Company. 

 (b) Nothing in this Agreement shall be construed as giving the Employee any right to be retained in the
employ of the Company. 
  
 (c) The Employee acknowledges that from
time to time, the Company may establish, maintain and distribute employee manuals or handbooks or personnel policy manuals, and officers or other representatives of the Company may make written or oral statements relating to personnel policies and
procedures. Such manuals, handbooks and statements are intended only for general guidance. No policies, procedures or statements of any nature by or on behalf of the Company (whether written or oral, and whether or not contained in any employee
manual or handbook or personnel policy manual), and no acts or practices of any nature, shall be construed to modify this Agreement. 
  
 (d) All of the terms and provisions of this Agreement shall be binding upon and inure to the benefit of and be enforceable by the respective heirs,
representatives, successors and assigns of the parties hereto, except that the duties and responsibilities of the Employee and the Company hereunder shall not be assignable in whole or in part by the Company. 
  
 17. Severability. If any provision of this Agreement or application
thereof to anyone or under any circumstances shall be determined to be invalid or unenforceable, such invalidity or unenforceability shall not affect any other provisions or applications of this Agreement which can be given effect without the
invalid or unenforceable provision or application. 
  
 18.
Remedies Cumulative; No Waiver. No right conferred upon the Employee by this Agreement is intended to be exclusive of any other right or remedy, and each and every such right or remedy shall be cumulative and shall be in addition to any other
right or remedy given 

 
hereunder or now or hereafter existing at law or in equity. No delay or omission by the Employee in exercising any right, remedy or power hereunder or
existing at law or in equity shall be construed as a waiver thereof, including without limitation any delay by the Employee in delivering a Notice of Termination pursuant to Section 2 hereof after an event has occurred which would, if the Employee
had resigned, have constituted a Termination upon a Change of Control pursuant to Section 1(n)(ii) of this Agreement. 
  
 19. Miscellaneous. All section headings in this Agreement are for convenience only. This Agreement may be executed in several counterparts, each of
which is an original. It shall not be necessary in making proof of this Agreement or any counterpart hereof to produce or account for any of the other counterparts. 
  
 IN WITNESS WHEREOF, the undersigned, intending to be legally bound, have executed this Agreement as of the date first above
written. 
  

					
	 Attest:
	 	THE BRYN MAWR TRUST COMPANY
			
	 [Seal]
	 	 	 	 
			
	  

	 	By:	 	  

	                                       
 Secretary	 	 	 	                                       
 President
			
	  

	 	By:	 	  

	                                       
 Witness	 	 	 	                                       
 Employee

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