Document:

Exhibit 10.2

 

RESTRICTED
STOCK UNIT AWARD AGREEMENT

FOR NON-EMPLOYEE DIRECTORS

UNDER washington trust bancorp, inc.

2022 long term INCENTIVE PLAN

 

	Name of Grantee:	 	 

 

	No. of Restricted Stock Units:	 	 

 

	Grant Date:	 	 

 

Pursuant to the Washington Trust Bancorp, Inc.
2022 Long Term Incentive Plan as amended through the date hereof (the “Plan”), Washington Trust Bancorp, Inc. (the “Company”)
hereby grants an award of the number of Restricted Stock Units listed above (an “Award”) to the Grantee named above. Each
Restricted Stock Unit shall relate to one share of Common Stock, par value $0.0625 per share (the “Stock”) of the Company.

 

1.            Restrictions
on Transfer of Award. This Award may not be sold, transferred, pledged, assigned or otherwise encumbered or disposed of by the Grantee,
and any shares of Stock issuable with respect to the Award may not be sold, transferred, pledged, assigned or otherwise encumbered or
disposed of until (i) the Restricted Stock Units have vested as provided in Paragraph 2 of this Agreement and (ii) shares of
Stock have been issued to the Grantee in accordance with the terms of the Plan and this Agreement.

 

2.            Vesting
of Restricted Stock Units. The restrictions and conditions of Paragraph 1 of this Agreement shall lapse on [insert date which
is the three-year anniversary of the Grant Date] (the “Vesting Date”) so long as the Grantee is then, and since the Grant
Date has continuously been, an active member of the Board.

 

The Administrator may at any time accelerate the
vesting schedule specified in this Paragraph 2.

 

Notwithstanding the foregoing, the Grantee shall
become vested in the Restricted Stock Units prior to the Vesting Date in the following circumstances:

 

(a)            In
the case of, and subject to, the consummation of a Sale Event, provided that the Grantee remains in service as a member of the Board,
any Restricted Stock Units that have not vested and have not previously been forfeited shall become fully vested as of the effective time
of the Sale Event.

 

(b)            In
the event of the Grantee’s death, provided that the Grantee was in service as a member of the Board immediately prior to the date
of the Grantee’s death, any Restricted Stock Units that have not vested and have not previously been forfeited shall become fully
vested.

 

     

     

    

 

(c)            Upon
the Retirement of the Grantee prior to the Vesting Date, any Restricted Stock Units that have not vested and have not previously been
forfeited shall become fully vested. For purposes of this Award, “Retirement” shall mean the Grantee’s cessation of
service as a Director as of the Annual Meeting date following his or her attainment of age 72. Termination of Service. Except as
set forth in Paragraph 2 above, if the Grantee’s service with the Company and its Subsidiaries terminates for any reason (including
disability) prior to the satisfaction of the vesting conditions set forth in Paragraph 2 above, any Restricted Stock Units that have not
vested as of such date shall automatically and without notice terminate and be forfeited, and neither the Grantee nor any of his or her
successors, heirs, assigns, or personal representatives will thereafter have any further rights or interests in such unvested Restricted
Stock Units.

 

3.            Dividend
Equivalents. Upon the issuance of shares of Stock to the Grantee, the Corporation shall also provide the Grantee with a lump sum cash
payment in an amount equal to the amount of dividends per share paid by the Corporation from the Grant Date through the share issuance
date multiplied by the number of shares of Stock actually issued to the Grantee.

 

4.            Issuance
of Shares of Stock. As soon as practicable following the Vesting Date, or the date of earlier vesting in accordance with Paragraph
2 above (but in no event later than two and one-half months after the end of the year in which such vesting occurs), the Company shall
issue to the Grantee the number of shares of Stock equal to the aggregate number of Restricted Stock Units that have vested pursuant to
Paragraph 2 of this Agreement on such date and the Grantee shall thereafter have all the rights of a stockholder of the Company with respect
to such shares. The issuance of shares may be made in book entry form.

 

5.            Incorporation
of Plan. Notwithstanding anything herein to the contrary, this Agreement shall be subject to and governed by all the terms and conditions
of the Plan, including the powers of the Administrator set forth in Section 2(b) of the Plan. Capitalized terms in this Agreement
shall have the meaning specified in the Plan, unless a different meaning is specified herein.

 

6.            Section 409A
of the Code. This Agreement shall be interpreted in such a manner that all provisions relating to the settlement of the Award are
exempt from the requirements of Section 409A of the Code as “short-term deferrals” as described in Section 409A
of the Code.

 

7.            No
Obligation to Continue as a Director. Neither the Plan nor this Award confers upon the Grantee any rights with respect to continuance
as a Director.

 

8.            Integration.
This Agreement constitutes the entire agreement between the parties with respect to this Award and supersedes all prior agreements and
discussions between the parties concerning such subject matter.

 

9.            Data
Privacy Consent. In order to administer the Plan and this Agreement and to implement or structure future equity grants, the Company,
its subsidiaries and affiliates and certain agents thereof (together, the “Relevant Companies”) may process any and all personal
or professional data, including but not limited to Social Security or other identification number, home address and telephone number,
date of birth and other information that is necessary or desirable for the administration of the Plan and/or this Agreement (the “Relevant
Information”). By entering into this Agreement, the Grantee (i) authorizes the Company to collect, process, register and transfer
to the Relevant Companies all Relevant Information; (ii) waives any privacy rights the Grantee may have with respect to the Relevant
Information; (iii) authorizes the Relevant Companies to store and transmit such information in electronic form; and (iv) authorizes
the transfer of the Relevant Information to any jurisdiction in which the Relevant Companies consider appropriate. The Grantee shall have
access to, and the right to change, the Relevant Information. Relevant Information will only be used in accordance with applicable law.

 

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10.            Notices.
Notices hereunder shall be mailed or delivered to the Company at its principal place of business and shall be mailed or delivered to the
Grantee at the address on file with the Company or, in either case, at such other address as one party may subsequently furnish to the
other party in writing.

 

		WASHINGTON TRUST BANCORP, INC.
	 	 	 
	 	By:	 
	 	 	Title:

 

The foregoing Agreement is hereby accepted and the terms and conditions
thereof hereby agreed to by the undersigned. Electronic acceptance of this Agreement pursuant to the Company’s instructions to the
Grantee (including through an online acceptance process) is acceptable.

 

	Dated:	 	 	 
	 	 	 	Grantee’s Signature
	 	 	 	 
	 	 	 	Grantee’s name and address:
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	 	 	 

 

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EXHIBIT 10(a)

Schedule of Executive Officers who are Parties
to the Amended and Restated Severance Agreements in the Forms Filed as
Exhibit 10(e) to the Company’s Annual Report on Form 10-K
For the Fiscal Year Ended December 31, 2010 

Form A of Severance Agreement

John G. Morikis

Form B of Severance Agreement

None

Form C of Severance Agreement

Justin T. Binns
Jane M. Cronin
Mary L. Garceau
Thomas P. Gilligan
James R. Jaye
Karl J. Jorgenrud
Allen J. Mistysyn
Heidi G. Petz
Todd D. Rea
Joseph F. Sladek
Bryan J. YoungExhibit 10.1

 

CONFIDENTIAL TRANSITION, SEPARATION AND RELEASE
AGREEMENT

 

This Confidential Transition,
Separation and Release Agreement ("Agreement") is between Chris Miner ("Employee") and
WillScot Mobile Mini Holdings Corp. (formerly known as WillScot Corporation) (the "Company") (hereinafter the
 "parties"), and is entered into as of April 21, 2022. This Agreement will not become effective until the
expiration of seven (7) days from Employee's execution of this Agreement (the "Effective Date").

 

WHEREAS, Employee has been
employed by Company and is a party to that certain Employment Agreement dated March 1, 2020 (the “Employment Agreement”).

 

WHEREAS, the Employee's employment
with Company will be terminated by the Company without Cause effective as of July 29, 2022 or such other date as the parties
may agree (the "Termination Date");

 

WHEREAS, Company and Employee
desire to avoid disputes and/or litigation regarding Employee's termination from employment or any events or circumstances preceding or
coincident with the termination from employment; and

 

WHEREAS, Company and Employee
have agreed upon the terms on which Employee is willing, for sufficient and lawful consideration, to compromise any claims known and unknown
which Employee may have against Company.

 

WHEREAS, the parties desire
to settle fully and finally, in the manner set forth herein, all differences between them which have arisen, or which may arise, prior
to, or at the time of, the execution of this Agreement, including, but in no way limited to, any and all claims and controversies arising
out of the employment relationship between Employee and Company, and the termination thereof;

 

NOW, THEREFORE, in consideration
of these recitals and the promises and agreements set forth in this Agreement, Employee's employment with Company will terminate upon
the following terms (any capitalized terms used but not defined herein shall have the meanings ascribed to them in the Employment Agreement):

 

		1.	Termination Date and Transition Period; Consulting:

 

(i)     Employee’s
last day of employment with the Company will be the Termination Date and, for the sake of clarity, such date shall be a “separation
from service” for purposes of Section 409A of the Code. After the Termination Date, Employee will not represent himself as
being an employee, officer, attorney, agent, or representative of the Company for any purpose but may disclose that he remains an advisor
to the Company in accordance with Section 1(b) below. Except as otherwise set forth in this Agreement, the Termination Date
is the employment separation date for Employee for all purposes, meaning Employee is not entitled to any further compensation, monies,
or other benefits from the Company, including coverage under any benefit plans or programs sponsored by the Company, as of the Termination
Date. By the Termination Date, Employee must return all Company property, including identification cards or badges, access codes or devices,
keys, laptops, computers, telephones, mobile phones, hand-held electronic devices, credit cards, electronically stored documents or files,
physical files, and any other Company property in Employee’s possession other than the Employee’s cell phone and laptop. Employee
shall remain employed by the Company as of the date hereof until the Termination Date (the “Transition Period”), subject
to the terms and conditions of this Agreement and the Employment Agreement. During the Transition Period, Employee will remain an active
employee of the Company, will transition his duties, and will continue receiving all payments, benefits and equity grants he is currently
receiving or entitled to receive as an active employee for the performance of his services, including, but not limited to, those under
the Employment Agreement.

 

(ii)    Employee
will support the Company in all matters relating to the orderly transition of his duties and responsibilities. On and after the Termination
Date, given the importance of Employee’s knowledge and experience, to the extent requested by the Company, he hereby agrees to be
reasonably available to assist and consult with the Company upon mutually agreeable times and places on matters related to the Company,
provided that the Company will make reasonable efforts to minimize any interruption to his personal and any other professional commitments
and fiduciary duties to a subsequent employer. The Company shall reimburse Employee for reasonable expenses incurred in connection with
the provision of such consultation.

 

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2.              Employee
Representations: Employee specifically represents, warrants, and confirms that Employee (i) has not filed any claims, complaints,
or actions of any kind against the Company with any court of law, or local, state, or federal government or agency; (ii) has been
properly paid for all hours worked for the Company; (iii) has received all salary, wages, commissions, bonuses, and other compensation
due to Employee (aside from amounts due in connection with the Employment Agreement or this Agreement, including Employee’s final
payroll check for salary through and including the Termination Date, which will be paid on the next regularly scheduled payroll date for
the pay period including the Termination Date); and (iv) has not engaged in any unlawful conduct and is not aware of any allegations
of unlawful conduct relating to the business of the Company that has not been disclosed to the CHRO or the Chief Executive Officer. If
any of these statements is not true, Employee cannot sign this Agreement and must notify the Company immediately in writing of the statements
that are not true. This notice will not automatically disqualify Employee from receiving the benefits described herein, but will require
the Company’s further review and consideration.

 

3.              General
Release: Employee for himself and on behalf of Employee's attorneys, heirs, assigns, successors, executors, and administrators IRREVOCABLY
AND UNCONDITIONALLY RELEASES, ACQUITS AND FOREVER DISCHARGES Company and any current or former stockholders, directors, parent, subsidiary,
affiliated, and related corporations, firms, associations, partnerships, and entities, and their successors and assigns, from any and
all claims and causes of action whatsoever, whether known or unknown or whether connected with Employee's employment by Company or not,
which may have arisen, or which may arise, prior to, or at the time of, the execution of this Agreement, including, but not limited to,
any claim or cause of action arising out of any contract, express or implied, any covenant of good faith and fair dealing, express or
implied, any tort (whether intentional or released in this agreement), or under Title VII of the Civil Rights Act of 1964, the Age Discrimination
in Employment Act, the Americans with Disabilities Act, the Worker Adjustment and Retraining Notification (WARN) Act, the Older Workers
Benefit Protection Act, the Discrimination in Employment Act, the Persons With Disabilities Employment Protection Act, the Delaware Whistleblowers'
Protection Act, the Wage Payment and Collection Act, the Delaware Fair Employment Practices Act, Delaware's social media law (all as amended),
or any other municipal, local, state, or federal law, common or statutory, but excluding any claims with respect to the Company's obligations
under the Employment Agreement, any claims relating to vested benefits under any Company employee benefit plan (including without limitation
any such plan subject to the Employee Retirement Income Security Act of 1974, as amended) and any claims which Employee cannot release
as a matter of applicable law. Furthermore, neither this Agreement nor the Employment Agreement shall apply to, modify or in any way supersede
obligations arising from any of (i) the terms of directors and officers insurance or (ii) any indemnification agreement (and
any coverage under directors and officers or similar liability insurance) for the benefit of the Employee as a result of the Employee's
position as a director or officer of the Company or one of its affiliates.

 

4.              Covenant
Not to Sue: Employee also COVENANTS NOT TO SUE, OR OTHERWISE PARTICIPATE IN ANY ACTION OR CLASS ACTION against Company or any
of the released parties based upon any of the claims released in this Agreement.

 

5.              Severance
Terms: Upon the expiration of seven (7) days from Employee's execution of this Agreement and provided that this Agreement has
become effective in accordance with its terms, in consideration for the promises, covenants, agreements, and releases set forth herein
and in the Employment Agreement, Company agrees to pay Employee the Severance Benefits as defined in and pursuant to Section 9(d) of
the Employment Agreement (the "Severance Benefits") following the Termination Date; provided, however,
that Section 9(d)(B) shall read, “a pro rata portion (based on the number of days during the applicable fiscal period
prior to the Date of Termination) of the Annual Bonus the Executive would have earned absent such termination, with such payment to be
made based on actual performance, to be paid as soon as practicable after the Termination Date.” Employee understands, acknowledges,
and agrees that these benefits exceed what Employee is otherwise entitled to receive on separation from employment, and that these benefits
are being given as consideration in exchange for executing this Agreement and the general release contained herein.

 

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6.              Right
to Revoke: Employee may revoke this Agreement by notice to Hezron Lopez, EVP, Chief Human Resources Officer and ESG, in writing, received
within seven (7) days of the date of its execution by Employee (the "Revocation Period"). Employee
agrees that Employee will not receive the benefits provided by this Agreement if Employee revokes this Agreement. Employee also acknowledges
and agrees that if Company has not received from Employee notice of Employee's revocation of this Agreement prior to the expiration of
the Revocation Period, Employee will have forever waived Employee's right to revoke this Agreement, and this Agreement shall thereafter
be enforceable and have full force and effect. This Agreement shall not become effective until the eighth (8th) day after Employee signs,
without revoking, this Agreement. No payments due to Employee under this Agreement shall be made or begin before the Effective Date.

 

7.              Acknowledgement:
Employee acknowledges and agrees that: (A) except as to any Severance Benefits which remain unpaid as of the date of this Agreement,
no additional consideration, including salary, wages, bonuses or Equity Awards as described in the Employment Agreement, is to be paid
to him by Company in connection with this Agreement; (B) except as provided by this Agreement, Employee has no contractual right
or claim to the Severance Benefits; and, (C) payments pursuant to this Agreement shall terminate immediately if Employee breaches
any of the provisions of this Agreement which is not cured within 15 days of written notice delivered to Employee specifying the breach
from the Company.

 

8.              Non-Admissions:
Employee acknowledges that by entering into this Agreement, Company does not admit, and does specifically deny, any violation of any local,
state, or federal law.

 

9.              Confidentiality:
Employee agrees that Employee shall not directly or indirectly disclose the terms, amount or fact of this Agreement to anyone other than
Employee's immediate family or counsel, bankers or financial advisors, except as such disclosure may be required for accounting or tax
reporting purposes or as otherwise may be required by law; provided that Employee may disclose his post-termination obligations to a prospective
employer.

 

10.              Nondisparagement:
Each party agrees that it will not make any statements, written or verbal, or cause or encourage others to make any statements, written
or verbal, that defame, disparage or in any way criticize the personal or business reputation, practices or conduct of the other including,
in the case of Company, its employees, directors and stockholders.

 

11.              Acknowledgement
of Restrictions; Confidential Information: Employee acknowledges and agrees that Employee has continuing non-competition, non-solicitation
and non-disclosure obligations under the Employment Agreement . Employee acknowledges and reaffirms Employee's obligation
to continue abide fully and completely with all post- employment provisions of the Employment Agreement; provided, however,
that “Non-Compete Period” shall mean “the period commencing on the date hereof and ending twenty-four
months after the earlier of the expiration of the Employment Period or the Executive's Date of Termination.” Employee agrees that
nothing in this Agreement shall operate to excuse or otherwise relieve Employee of such obligations.

 

12.              Indemnification:
The Company agrees it shall indemnify Employee in accordance with Article 6 of the Company’s Bylaws as in effect on the date
hereof, including any advancement of expenses. Employee will remain covered under the Company’s directors and officers liability
insurance policy for his acts and omissions during his employment, in accordance with the terms of such policy.

 

13.              Severability:
If any provision of this Agreement is held to be illegal, invalid, or unenforceable, such provision shall be fully severable and/or construed
in remaining part to the full extent allowed by law, with the remaining provisions of this Agreement continuing in full force and effect.

 

14.              Entire
Agreement: This Agreement, along with the Employment Agreement, constitute the entire agreement between the Employee and Company,
and supersede all prior and contemporaneous negotiations and agreements, oral or written. This Agreement cannot be changed or terminated
except pursuant to a written agreement executed by the parties.

 

15.              Governing
Law: This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, except where preempted
by federal law.

 

16.              Statement
of Understanding: By executing this Agreement, Employee acknowledges that (a) Employee has had at least twenty-one (21) or forty-five
(45) days, as applicable in accordance with the Age Discrimination in Employment Act, as amended, (the "ADEA")
to consider the terms of this Agreement (and any attachment necessary or desirable in accordance with the ADEA) and has
considered its terms for such a period of time or has knowingly and voluntarily waived Employee's right to do so by executing this Agreement
and returning it to Company; (b) Employee has been advised by Company to consult with an attorney regarding the terms of this Agreement;
(c) Employee has consulted with, or has had sufficient opportunity to consult with, an attorney of Employee's own choosing regarding
the terms of this Agreement; (d) any and all questions regarding the terms of this Agreement have been asked and answered to Employee's
complete satisfaction; (e) Employee has read this Agreement and fully understands its terms and their import; (f) except as
provided by this Agreement, Employee has no contractual right or claim to the benefits and payments described herein; (g) the consideration
provided for herein is good and valuable; and (h) Employee is entering into this Agreement voluntarily, of Employee's own free will,
and without any coercion, undue influence, threat, or intimidation of any kind or type whatsoever.

 

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HAVING READ AND UNDERSTOOD THIS AGREEMENT, CONSULTED
COUNSEL OR VOLUNTARILY ELECTED NOT TO CONSULT COUNSEL, AND HAVING HAD SUFFICIENT TIME TO CONSIDER WHETHER TO ENTER INTO THIS AGREEMENT,
THE UNDERSIGNED HEREBY EXECUTE THIS AGREEMENT ON THE DATES SET FORTH BELOW.

 

	 	WILLSCOT MOBILE MINI HOLDINGS CORP.
	 	By:	/s/ Brad Soultz
	 	 	 
	 	Date:	April 21, 2022
	 	 	 
	 	Name:	Bradley L. Soultz
	 	Title:	Chief Executive Officer
	 	 	 
	 	 	 
	 	
     EMPLOYEE

	 	 	 
	 	By:	/s/ Chris Miner
	 	 	 
	 	Date:	April 21, 2022
	 	Name: 	Chris Miner

 

Signature page to Transition, Separation
and Release Agreement

 

    4

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