Document:

ex47eaglebancorpinc-form

    #116181399 v2  EAGLE BANCORP, INC. 2021 EQUITY INCENTIVE PLAN  RESTRICTED STOCK UNIT GRANT NOTICE AND  AWARD AGREEMENT  Eagle Bancorp, Inc., a Maryland corporation (the “Company”), pursuant to its 2021 Equity  Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) the number of  restricted stock units set forth below (the “Restricted Stock Units”). The Restricted Stock Units described  in this Restricted Stock Unit Grant Notice (the “Grant Notice”) are subject to the terms and conditions set  forth in the Award Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of  which is incorporated herein by reference. Unless otherwise defined herein, capitalized terms used in this  Grant Notice and the Agreement will have the meanings defined in the Plan.  Participant: [_________]  Grant Date: [_________]  Total Number of Restricted Stock Units: [_________]  Vesting Schedule: The Restricted Stock Units shall vest  based on the satisfaction of:  [                                            ]    By signing below, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement  and this Grant Notice.  This document may be executed, including by electronic means, in multiple  counterparts, each of which will be deemed an original, and all of which together will be deemed a single  instrument.    EAGLE BANCORP, INC.     _____________________________  Name:   Title:   PARTICIPANT    _____________________________  Name:   

 

  A-1    #116181399 v2  EXHIBIT A   TO RESTRICTED STOCK UNIT GRANT NOTICE  AWARD AGREEMENT  1. Award of Restricted Stock Units.  Effective as of the Grant Date set forth in the Grant  Notice, the Company has granted to Participant the number of Restricted Stock Units set forth in the  Grant Notice, subject to the restrictions and on the terms and conditions set forth in the Grant Notice, the  Plan and this Agreement.  2. Vesting of Restricted Stock Units.    a. Vesting.  The Restricted Stock Units shall become vested subject to the service  and/or performance vesting conditions set forth in the Grant Notice.   b. Service with Affiliates.  Solely for purposes of this Agreement, service with the  Company will be deemed to include service with an Affiliate of the Company (for only so long as such  entity remains an Affiliate of the Company).  c. Effect of Termination of Service on the Restricted Stock Units.  Unless otherwise  provided in the Grant Notice, if Participant’s service ceases for any reason, the treatment of unvested  Restricted Stock Units shall be determined in accordance with Section 9 of the Plan.     d. No Dividend Equivalent Rights. Participant shall have no entitlement to dividend  equivalent rights hereunder.  3. Settlement. To the extent that any Restricted Stock Units become vested in accordance  with the service and/or performance vesting conditions set forth in the Grant Notice, the Company shall  issue to Participant within 30 days following such vesting date, either by book-entry registration or  issuance of a stock certificate or certificates, a number of Shares equal to the number of Restricted Stock  Units granted hereunder that have vested as of such date.  Any Shares issued to Participant hereunder  shall be fully paid and non-assessable.  4. Non-Transferability of Restricted Stock Units.  Except as may be permitted by the  Committee in accordance with Section 14 of the Plan, Restricted Stock Units may not be sold, pledged,  assigned, hypothecated, gifted, transferred or disposed of in any manner, either voluntarily or  involuntarily, other than by will or by the laws of descent and distribution.  5. Tax Consequences.  Participant understands that Participant is not eligible to file  an  election under Section 83(b) of the Code with respect to the grant of Restricted Stock Units hereunder.  Participant acknowledges that the Company has not advised Participant regarding Participant’s tax  liability in connection with the Restricted Stock Units.  Participant acknowledges that Participant has  reviewed with Participant’s own tax advisors the tax treatment of the Restricted Stock Units and is relying  solely on those advisors in that regard.    6. Section 409A. The grant of Restricted Stock Units is intended to be either exempt from or  compliant with Section 409A of the Code “Section 409A”) and should be interpreted accordingly.  Nonetheless, the Company does not guarantee the tax treatment of the Restricted Stock Units.   a. Notwithstanding anything herein to the contrary, the Company may terminate  this arrangement at any time in a manner consistent with the requirements of Treas. Reg. § 1.409A- 3(j)(4)(ix)  

 

  A-2    #116181399 v2  b. If, as of the date of Participant’s “separation from service” from the Company  (within the meaning of Section 409A), Participant is a “specified employee” (within the meaning of  Section 409A), then to the extent necessary to avoid the imposition of taxes, interest and penalties under  Section 409A, the issuance of Shares under Section 3 herein shall be delayed until the day following the  six month anniversary of the separation from service.   7. No Continuation of Service.  Neither the Plan nor this Agreement will confer upon   Participant any right to continue in the employment or service of the Company or any of its Affiliates, or  limit in any respect the right of the Company or its Affiliates to discharge Participant at any time, for any  reason.  8. The Plan.  Participant has received a copy of the Plan, has read the Plan and is familiar  with its terms, and hereby accepts the Option subject to the terms and provisions of the Plan.  Pursuant to  the Plan, the Committee is authorized to interpret the Plan and to adopt rules and regulations not  inconsistent with the Plan as it deems appropriate.  Participant hereby agrees to accept as binding,  conclusive and final all decisions or interpretations of the Committee with respect to questions arising  under the Plan, the Grant Notice or this Agreement.  9. Company Policies.  Participant agrees, in consideration for the grant of the Restricted  Stock Units, to be subject to any policies of the Company and its Affiliates regarding clawbacks,  securities trading, and hedging or pledging of securities that may be in effect from time to time, or as may  otherwise be required by applicable law, regulation or exchange listing standard.  10. Entire Agreement.  The Grant Notice and this Agreement, together with the Plan,  represent the entire agreement between the parties with respect to the subject matter hereof and supersede  any prior agreement, written or otherwise, relating to the subject matter hereof.  11. Amendment.  This Agreement may only be amended by a writing signed by each of the  parties hereto; provided that the Company may amend this Agreement without Participant’s consent, if  the amendment does not materially impair Participant’s rights hereunder.  12. Governing Law.  This Agreement will be construed in accordance with the laws and  judicial decisions of the State of Maryland, without regard to the application of the principles of conflicts  of laws.    13. Headings.  The headings in this Agreement are for convenience only.  They form no part  of the Agreement and will not affect its interpretation.  14. Electronic Delivery of Documents.  Participant authorizes the Company to deliver  electronically any prospectuses or other documentation related to the Option and any other compensation  or benefit plan or arrangement in effect from time to time (including, without limitation, reports, proxy  statements or other documents that are required to be delivered to participants in such arrangements  pursuant to federal or state laws, rules or regulations).  For this purpose, electronic delivery will include,  without limitation, delivery by means of e-mail or e-mail notification that such documentation is available  on the Company’s Intranet site.  Upon written request, the Company will provide to Participant a paper  copy of any document also delivered to Participant electronically.  The authorization described in this  paragraph may be revoked by Participant at any time by written notice to the Company.ex48eaglebancorpinc-form

 (Employee – Non-Executive Officer/Non-Employee Director)    #116181231 v1  EAGLE BANCORP, INC. 2021 EQUITY INCENTIVE PLAN  RESTRICTED STOCK GRANT NOTICE AND  AWARD AGREEMENT  Eagle Bancorp, Inc., a Maryland corporation (the “Company”), pursuant to its 2021 Equity  Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) the number of  Shares of restricted stock set forth below (the “Restricted Stock”). The Shares of Restricted Stock  described in this Restricted Stock Grant Notice (the “Grant Notice”) are subject to the terms and  conditions set forth in the Award Agreement attached hereto as Exhibit A (the “Agreement”) and the  Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, capitalized  terms used in this Grant Notice and the Agreement will have the meanings defined in the Plan.  Participant: [_________]  Grant Date: [_________]  Total Number of Shares of Restricted Stock: [_________]  Vesting Schedule: Subject to the continued service of  Participant with the Company through the  applicable vesting date, the Shares of  Restricted Stock shall vest as follows:  [                                                   ]  Notwithstanding the foregoing, if, during  the Participant’s continued service with  the Company, the Participant dies,  becomes Disabled, or there is a Change in  Control, then any unvested Shares of  Restricted Stock shall vest immediately  upon such event.     By signing below, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement  and this Grant Notice.  This document may be executed, including by electronic means, in multiple  counterparts, each of which will be deemed an original, and all of which together will be deemed a single  instrument.    EAGLE BANCORP, INC.     _____________________________  Name:   Title:   PARTICIPANT    _____________________________  Name:   

 

 (Employee – Non-Executive Officer/Non-Employee Director)  A-1    #116181231 v1  EXHIBIT A   TO RESTRICTED STOCK GRANT NOTICE  AWARD AGREEMENT  1. Award of Restricted Stock.  Effective as of the Grant Date set forth in the Grant Notice,  the Company has granted to Participant the number of Shares set forth in the Grant Notice, subject to the  restrictions and on the terms and conditions set forth in the Grant Notice, the Plan and this Agreement.  2. Vesting of Restricted Stock.    a. Vesting.  Each Share of Restricted Stock is subject to forfeiture until it becomes  vested in accordance with the Grant Notice. During the vesting period, the Participant shall have all of the  rights of a shareholder with respect to the Restricted Stock, including, without limitation, the right to  receive dividends thereon (whether in cash or Shares).  b. Service with Affiliates.  Solely for purposes of this Agreement, service with the  Company will be deemed to include service with an Affiliate of the Company (for only so long as such  entity remains an Affiliate of the Company).  c. Effect of Termination of Service on the Restricted Stock.  Unless otherwise  provided in the Grant Notice, if Participant’s service ceases for any reason, the treatment of unvested  Shares of Restricted Stock shall be determined in accordance with Section 8(c)(iii) of the Plan.     3. Certificates. The Shares of Restricted Stock may be certificated in accordance with  Section 8(b) of the Plan.  4. Non-Transferability of Restricted Stock.  Except as may be permitted by the Committee  in accordance with Section 14 of the Plan, unvested Shares of Restricted Stock may not be sold, pledged,  assigned, hypothecated, gifted, transferred or disposed of in any manner, either voluntarily or  involuntarily, other than by will or by the laws of descent and distribution.  5.  Tax Consequences.  Participant understands that Participant may elect to timely file an  election under Section 83(b) of the Code within thirty days following the grant of the Shares hereunder.  Participant acknowledges that the Company has not advised Participant regarding Participant’s tax  liability in connection with the Restricted Stock or with respect to an election under Section 83(b) of the  Code.  Participant acknowledges that Participant has reviewed with Participant’s own tax advisors the tax  treatment of the Restricted Stock and is relying solely on those advisors in that regard.   6. No Continuation of Service.  Neither the Plan nor this Agreement will confer upon   Participant any right to continue in the employment or service of the Company or any of its Affiliates, or  limit in any respect the right of the Company or its Affiliates to discharge Participant at any time, for any  reason.  7. The Plan.  Participant has received a copy of the Plan, has read the Plan and is familiar  with its terms, and hereby accepts the Option subject to the terms and provisions of the Plan.  Pursuant to  the Plan, the Committee is authorized to interpret the Plan and to adopt rules and regulations not  inconsistent with the Plan as it deems appropriate.  Participant hereby agrees to accept as binding,  conclusive and final all decisions or interpretations of the Committee with respect to questions arising  under the Plan, the Grant Notice or this Agreement.  8. Company Policies.  Participant agrees, in consideration for the grant of the Restricted  Stock, to be subject to any policies of the Company and its Affiliates regarding clawbacks, securities  

 

  A-2    #116181231 v1  trading, and hedging or pledging of securities that may be in effect from time to time, or as may otherwise  be required by applicable law, regulation or exchange listing standard.  9. Entire Agreement.  The Grant Notice and this Agreement, together with the Plan,  represent the entire agreement between the parties with respect to the subject matter hereof and supersede  any prior agreement, written or otherwise, relating to the subject matter hereof.  10. Amendment.  This Agreement may only be amended by a writing signed by each of the  parties hereto; provided that the Company may amend this Agreement without Participant’s consent, if  the amendment does not materially impair Participant’s rights hereunder.  11. Governing Law.  This Agreement will be construed in accordance with the laws and  judicial decisions of the State of Maryland, without regard to the application of the principles of conflicts  of laws.    12. Headings.  The headings in this Agreement are for convenience only.  They form no part  of the Agreement and will not affect its interpretation.  13. Electronic Delivery of Documents.  Participant authorizes the Company to deliver  electronically any prospectuses or other documentation related to the Option and any other compensation  or benefit plan or arrangement in effect from time to time (including, without limitation, reports, proxy  statements or other documents that are required to be delivered to participants in such arrangements  pursuant to federal or state laws, rules or regulations).  For this purpose, electronic delivery will include,  without limitation, delivery by means of e-mail or e-mail notification that such documentation is available  on the Company’s Intranet site.  Upon written request, the Company will provide to Participant a paper  copy of any document also delivered to Participant electronically.  The authorization described in this  paragraph may be revoked by Participant at any time by written notice to the Company.

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