Document:

EX-4.15

 Exhibit 4.15 

AMENDMENT TO STOCKHOLDERS’ AGREEMENT 

This AMENDMENT TO STOCKHOLDERS’ AGREEMENT, dated as of December 7, 2021 (this “Amendment”), by and among the
Depository, Hyster-Yale Materials Handling, Inc., a Delaware corporation (the “Corporation”), the new Participating Stockholder(s) identified on the signature pages hereto (a “New Participating Stockholder”) and the
Participating Stockholders under the Stockholders’ Agreement, dated as of September 28, 2012, as amended (the “Stockholders’ Agreement”), by and among the Depository, the Corporation and the Participating Stockholders.
Capitalized terms defined in the Stockholders’ Agreement are used herein as so defined. 
 This Amendment sets forth the terms and
conditions on which each New Participating Stockholder will join in and become a party to the Stockholders’ Agreement. 
 Pursuant to
Section 8 of the Stockholders’ Agreement, prior to the acquisition of Class B Common Stock by a Permitted Transferee, the Stockholders’ Agreement may be amended to add a Permitted Transferee as a Participating Stockholder by a
writing signed by the Signatories, the Corporation and such Permitted Transferee. 
 In consideration of the mutual promises hereinafter set
forth and other good and valuable consideration had and received, the parties hereto agree as follows: 
 1. Representations and
Warranties. Each New Participating Stockholder represents and warrants to the other Participating Stockholders and the Corporation as follows: 

(a) The New Participating Stockholder is the beneficial owner of, or simultaneously with the execution hereof will acquire and
be deemed to be the beneficial owner of, the shares of Class B Common Stock identified below such New Participating Stockholder’s name on the signature pages hereto (except as otherwise described thereon), and except as otherwise described
thereon such New Participating Stockholder does not own of record or beneficially or have any interest in any other shares of Class B Common Stock or any options to purchase or rights to subscribe or otherwise acquire any other shares of
Class B Common Stock other than pursuant to the Stockholders’ Agreement; 
 (b) The New Participating Stockholder
has the right, power and authority to execute and deliver this Amendment and to perform such New Participating Stockholder’s obligations hereunder and under the Stockholders’ Agreement; if this Amendment is being executed by a trustee on
behalf of a trust, such trustee has full right, power and authority to enter into this Amendment on behalf of the trust and to bind the trust and its beneficiaries to the terms hereof; if this Amendment is being executed on behalf of a Participating
Stockholder Organization, the person executing this Amendment is a duly authorized representative of such Participating Stockholder Organization with full right, power and authority to execute and deliver this Amendment on behalf of such
Participating Stockholder Organization and to bind such Participating Stockholder Organization to the terms hereof; the execution, delivery and performance of this Amendment by such New Participating Stockholder will not constitute a violation of,
conflict with or result in a default under (i) any contract, understanding or arrangement to which such New Participating Stockholder is a party or by which such New Participating 

 
Stockholder is bound or require the consent of any other person or any party pursuant thereto; (ii) any organizational, charter or other governance documents (including, without limitation,
any partnership agreement, certificate of incorporation, or bylaws) of the New Participating Stockholder, (iii) any judgment, decree or order applicable to such New Participating Stockholder; or (iv) any law, rule or regulation of any
governmental body; 
 (c) This Amendment and the Stockholders’ Agreement constitute legal, valid and binding agreements
on the part of such New Participating Stockholder; the shares of Class B Common Stock owned beneficially by such New Participating Stockholder are fully paid and nonassessable; and 

(d) The shares of Class B Common Stock owned beneficially by the New Participating Stockholder are now held by the New
Participating Stockholder, free and clear of all adverse claims, liens, encumbrances and security interests (except as created by the Stockholders’ Agreement and any Amendments thereto, including this Amendment, and the Restated Certificate).

 2. Address for Notices. The address for all notices to each New Participating Stockholder provided pursuant to the
Stockholders’ Agreement shall be the address set forth below such New Participating Stockholder’s name on the signature pages hereto, or to such other address as such New Participating Stockholder may specify to the Depository. 

3. Agreement to be Bound by Stockholders’ Agreement. Each New Participating Stockholder agrees to be bound by all of the terms and
provisions of the Stockholders’ Agreement applicable to Participating Stockholders. 
 4. Beneficiaries. Each New Participating
Stockholder acknowledges that the Corporation and each Participating Stockholder is a beneficiary of this Amendment. 
 5. Amendment of
Stockholders’ Agreement. The Stockholders’ Agreement is hereby amended to add the New Participating Stockholder as a Participating Stockholder. 

6. Signature of Amendment by Trusts, Minors and Incompetents. 

(a) In order for a trust exclusively (as defined in Section 1.11 of the Stockholders’ Agreement) for the benefit of a
Family Member or Members to be considered a Participating Stockholder: 
 (i) the trustee and all adult beneficiaries of such
trusts having a current trust interest (as well as all Charitable Organization beneficiaries having a current trust interest) shall have previously signed the Stockholders’ Agreement or shall sign this Amendment as a Participating Stockholder;

 (ii) the trustee and a parent or legal guardian, for trusts with minor beneficiaries having a current trust interest,
shall sign this Amendment on behalf of any such minor beneficiaries; or 

 (iii) the trustee and legal guardian, if any, for trusts with incompetent
beneficiaries having a current trust interest, shall sign this Amendment on behalf of any such incompetent beneficiaries. 

(b) If, at any time, any trust shall have an adult beneficiary (and such beneficiary is not incompetent) having a current trust
interest or an ascertainable Charitable Organization beneficiary having a current trust interest and if such beneficiary has not previously signed the Stockholders’ Agreement, then if such beneficiary shall fail or be unable to sign this
Amendment for a period of 30 calendar days following notification to such beneficiary of the terms of this Amendment and the Stockholders’ Agreement by the Depository and following signature of this Amendment by the trustee, the trust shall
thereupon cease to be a Participating Stockholder and Section 3.2 of the Stockholders’ Agreement shall then apply as if the shares of Class B Common Stock held by the trust were then to be converted. The donor of a trust that is
revocable by the donor alone, during the lifetime of such donor, shall be considered the only beneficiary thereof so long as such trust is so revocable. 

(c) In the case of Class B Common Stock held by a custodian under the Uniform Transfers to Minors Act (or the practical
equivalent thereof) for the benefit of a minor Family Member, the custodian shall sign this Amendment on behalf of such minor if such minor is to be considered a Participating Stockholder. 

(d) In the case of Class B Common Stock held in the name of a minor Family Member, a parent or legal guardian of such
minor shall sign this Amendment on behalf of such minor if such minor is to be considered a Participating Stockholder. 
 (e)
In the case of Class B Common Stock held in the name of an incompetent Family Member, the legal guardian of such incompetent shall sign this Amendment on behalf of such incompetent if such incompetent is to be considered a Participating
Stockholder. 
 (f) When a minor described in Section 6(c) or (d) reaches the age of majority, or an incompetent
described in Section 6(e) is no longer impaired by such disability and has reached the age of majority, such Family Member shall execute and deliver an Amendment which has been executed and delivered by the Participating Stockholders (or their attorney-in-fact), the Corporation and the Depository. If such Family Member shall fail or be unable to sign such Amendment for a period of 30 calendar days following
notification to such Family Member of the terms of the Stockholders’ Agreement by the Depository, such Family Member shall thereupon cease to be a Participating Stockholder and Section 3.2 of the Stockholders’ Agreement shall then
apply as if the shares of Class B Common Stock were then to be converted. 
 7. Power of Attorney. The undersigned New
Participating Stockholder hereby constitutes and appoints Alfred M. Rankin, Jr., Kimberly J. Pustulka, Peter C. Zwick, and Suzanne Schulze Taylor and each of them, as the true and lawful attorney or attorneys-in-fact, with full power of substitution and resubstitution, for the undersigned and in the name, place and stead of the undersigned, in any and all capacities to: 

 (a) execute any and all statements under Section 13 or Section 16
of the Securities Exchange Act of 1934 of beneficial ownership of shares of Class B Common Stock subject to the Stockholders’ Agreement as amended by this Amendment, including all statements on Schedule 13D and all amendments thereto, all
joint filing agreements pursuant to Rule 13d-1(k) under such Exchange Act in connection with such statements, all initial statements of beneficial ownership on Form 3 and any and all other documents to be
filed with the Securities and Exchange Commission, and to file the same, with all exhibits thereto, and all other documents in connection therewith, with the Securities and Exchange Commission, and 

(b) execute and deliver any and all Amendments whereby a Family Member, Charitable Organization or Participating Stockholder
Organization becomes a Participating Stockholder or any other amendment to the Stockholders’ Agreement in accordance with Section 8 of the Stockholders’ Agreement, other than those amendments that (i) extend the term of the
Stockholders’ Agreement or (ii) amend Section 2, 3, 4 or 8 of the Stockholders’ Agreement, thereby granting to said attorney or attorneys-in-fact,
and each of them, full power and authority to do so and to perform each and every act and thing requisite and necessary to be done in and about the premises, as fully to all intents and purposes as the undersigned might or could do in person, hereby
ratifying and confirming all that said attorney or attorneys-in-fact or any of them, or their substitutes or resubstitutes, may lawfully do or cause to be done by virtue
of this Section 7. The grant of this power of attorney shall not be affected by any disability of such undersigned New Participating Stockholder. If applicable law requires additional or substituted language or formalities (including witnesses
or acknowledgments) in order to validate the power of attorney intended to be granted by this Section 7, each New Participating Stockholder agrees to execute and deliver such additional instruments and to take such further acts as may be
necessary to validate such power of attorney. 
 8. Counterparts. This Amendment may be executed in multiple counterparts, each of
which shall be an original and all of which shall constitute but one and the same instrument, without production of the others. 

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 Rankin Associates V, LP
  

/s/ Alfred M. Rankin, Jr., President

Rankin Management, Inc. General Partner

	(a new Participating Stockholder)
		
	Address:	 	5875 Landerbrook Drive, Suite 300
		 	Mayfield Heights, Ohio 44124

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 Rankin Associates VI, LP
  

/s/ Alfred M. Rankin, Jr., President

Rankin Management, Inc. General Partner

	(a new Participating Stockholder)
		
	Address:	 	5875 Landerbrook Drive, Suite 300
		 	Mayfield Heights, Ohio 44124

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 2012 Helen R. Butler GST Trust
 2012
Clara R. Williams GST Trust
  
 /s/ Alfred M. Rankin,
Jr., Trustee

	(a new Participating Stockholder)
		
	Address:	 	5875 Landerbrook Drive, Suite 300
		 	Mayfield Heights, Ohio 44124

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 2012 Chloe R. Seelbach GST Trust

2012 Claiborne R. Rankin, Jr. GST Trust
 2012 Julia R. Kuipers GST
Trust
  
 /s/ Claiborne R. Rankin,
Trustee

	(a new Participating Stockholder)
		
	Address:	 	36779 Cedar Road
		 	Gates Mills, Ohio 44040

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 2012 Anne F. Rankin GST Trust
 2012
Elisabeth M. Rankin GST Trust
  
 /s/ Roger F. Rankin,
Trustee

	(a new Participating Stockholder)
		
	Address:	 	1449 Carpenter Road
		 	Gates Mills, Ohio 44040

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 2012 Matthew M. Rankin GST Trust

2012 James T. Rankin GST Trust
 2012 Thomas P. Rankin GST
Trust
  
 /s/ Thomas T. Rankin, Trustee

	(a new Participating Stockholder)
		
	Address:	 	214 Banbury Road
		 	Richmond, Virginia 23221

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 Corbin K. Rankin Main Trust u/a/d November 30, 2015, as amended

 
 /s/ Corbin K. Rankin, Trustee

	(a new Participating Stockholder)
		
	Address:	 	214 Banbury Road
		 	Richmond, Virginia 23221

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 Elizabeth B. Rankin Main Trust u/a/d November 30, 2015, as amended

 
 /s/ Elizabeth B. Rankin, Trustee

	(a new Participating Stockholder)
		
	Address:	 	2011 St. Andrews Road
		 	Greensboro, NC 27408

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 Lynne T. Rankin Main Trust u/a/d December 4, 2015, as amended

 
 /s/ Lynne T. Rankin, Trustee

	(a new Participating Stockholder)
		
	Address:	 	2291 Woodward Way NW
		 	Atlanta, GA 30305

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 IN WITNESS WHEREOF, each New Participating Stockholder, the Participating Stockholders, the
Corporation and the Depository have executed this Amendment or caused this Amendment to be executed in their respective names, all as of the date and year first above written. 

 

			
	 Scott W. Seelbach Main Trust u/a/d December 22, 2015

 
 /s/ Scott W. Seelbach, Trustee

	(a new Participating Stockholder)
		
	Address:	 	18910 South Woodland
		 	Shaker Heights, Ohio 44122

  

			
	 Number of Shares of

Class B Common Stock
	  	 Certificate No.

 
			
	HYSTER-YALE MATERIALS HANDLING, INC., as Depository
		
	By:	 	 /s/ Alfred M. Rankin, Jr.

		 	

 
			
	HYSTER-YALE MATERIALS HANDLING, INC.
		
	By:	 	 /s/ Alfred M. Rankin, Jr.

 
			
	 THE PARTICIPATING STOCKHOLDERS

listed in Exhibit A attached hereto

and incorporated herein by this reference

		
	By:	 	 /s/ Alfred M. Rankin, Jr.

 Exhibit A 

PARTICIPATING STOCKHOLDERS 
  

	1.	 Clara L. T. Rankin 

  

	2.	 Alfred M. Rankin, Jr. 

 

	3.	 Victoire G. Rankin 

  

	4.	 Helen Rankin Butler (f/k/a Helen P. Rankin) 

 

	5.	 Clara T. Rankin Williams (f/k/a Clara T. Rankin) 

 

	6.	 Thomas T. Rankin 

  

	7.	 Matthew M. Rankin 

  

	8.	 James T. Rankin 

  

	9.	 Claiborne R. Rankin 

  

	10.	 Chloe O. Rankin 

  

	11.	 Chloe R. Seelbach (f/k/a Chloe E. Rankin) 

 

	12.	 Claiborne R. Rankin, Jr. 

 

	13.	 Roger F. Rankin 

  

	14.	 Bruce T. Rankin 

  

	15.	 Martha S. Kelly 

  

	16.	 Susan Sichel 

  

	17.	 Jennifer T. Jerome 

  

	18.	 Caroline T. Ruschell 

 

	19.	 David F. Taplin 

  

	20.	 Beatrice B. Taplin 

  

	21.	 Thomas E. Taplin, Jr. 

 

	22.	 Theodore D. Taplin 

  

	23.	 Britton T. Taplin 

  

	24.	 Frank F. Taplin 

  

	25.	 Rankin Management, Inc. 

	26.	 Rankin Associates I, L.P. (f/k/a CTR Family Associates, L.P.) 

 

	27.	 The Trust created under the Agreement, dated December 28, 1976, between National City Bank, as trustee,
and Clara L.T. Rankin, for the benefit of grandchildren 

  

	28.	 The Trust created under the Agreement, dated July 20, 2000, as supplemented, amended and restated, between
Alfred M. Rankin, Jr., as trustee, and Clara T. Rankin, for the benefit of Clara T. Rankin 

  

	29.	 The Trust created under the Agreement, dated September 28, 2000, as supplemented, amended and restated,
between Alfred M. Rankin, Jr., as trustee, and Alfred M. Rankin, Jr., for the benefit of Alfred M. Rankin, Jr. 

  

	30.	 The Trust created under the Agreement, dated September 28, 2000, as supplemented, amended and restated,
between Victoire G. Rankin, as trustee, and Victoire G. Rankin, for the benefit of Victoire G. Rankin 

  

	31.	 The Trust created under the Agreement, dated December 29, 1967, as supplemented, amended and restated,
between Thomas T. Rankin, as trustee, and Thomas T. Rankin, creating a trust for the benefit of Thomas T. Rankin 

  

	32.	 The Trust created under the Agreement, dated June 22, 1971, as supplemented, amended and restated, between
Claiborne R. Rankin, as trustee, and Claiborne R. Rankin, creating a trust for the benefit of Claiborne R. Rankin 

  

	33.	 The Trust created under the Agreement, dated September 11, 1973, as supplemented, amended and restated,
between Roger F. Rankin, as trustee, and Roger F. Rankin, creating a trust for the benefit of Roger F. Rankin 

  

	34.	 The Trust created under the Agreement, dated September 28, 2000, between Alfred M. Rankin, Jr., as
trustee, and Bruce T. Rankin, for the benefit of Bruce T. Rankin 

  

	35.	 The Trust created under the Agreement, dated August 26, 1974, between National City Bank, as trustee, and
Thomas E. Taplin, Jr., for the benefit of Thomas E. Taplin, Jr. 

  

	36.	 The Trust created under the Agreement, dated October 15, 1975, between National City Bank, as trustee, and
Theodore D. Taplin, for the benefit of Theodore D. Taplin 

  

	37.	 The Trust created under the Agreement, dated December 30, 1977, as supplemented, amended and restated,
between National City Bank, as trustee, and Britton T. Taplin for the benefit of Britton T. Taplin 

  

	38.	 The Trust created under the Agreement, dated December 29, 1989, as supplemented, amended and restated,
between Alfred M. Rankin, Jr., as trustee, and Clara T. (Rankin) Williams for the benefit of Clara T. (Rankin) Williams 

  

	39.	 The Trust created under the Agreement, dated December 29, 1989, as supplemented, amended and restated,
between Alfred M. Rankin, Jr., as trustee, and Helen P. (Rankin) Butler for the benefit of Helen P. (Rankin) Butler 

	40.	 Corbin Rankin 

  

	41.	 Alison A. Rankin 

  

	42.	 National City Bank as agent under the Agreement, dated July 16, 1969, with Margaret E. Taplin

  

	43.	 Alison A. Rankin, as trustee fbo A. Farnham Rankin under Irrevocable Trust No. 1, dated December 18,
1997, with Roger Rankin, Grantor 

  

	44.	 Alison A. Rankin, as trustee fbo Elisabeth M. Rankin under Irrevocable Trust No. 1, dated
December 18, 1997, with Roger Rankin, Grantor 

  

	45.	 Rankin Associates II, L.P. 

 

	46.	 John C. Butler, Jr. 

  

	47.	 Clara Rankin Butler (by John C. Butler, Jr. as custodian) 

 

	48.	 The Trust created under the Agreement, dated July 24, 1998, as amended, between Frank F. Taplin, as
trustee, and Frank F. Taplin, for the benefit of Frank F. Taplin 

  

	49.	 David B. Williams 

  

	50.	 Griffin B. Butler (by John C. Butler, Jr. as Custodian) 

 

	51.	 Claiborne R. Rankin as Trustee of the Claiborne R. Rankin, Jr. Revocable Trust dated August 25, 2000

  

	52.	 Alison A. Rankin as Trustee under Irrevocable Trust No. 2, dated September 11, 2000, for the benefit
of A. Farnham Rankin 

  

	53.	 Alison A. Rankin as Trustee under Irrevocable Trust No. 2, dated September 11, 2000, for the benefit
of Elisabeth M. Rankin 

  

	54.	 Alison A. Rankin as Trustee of the Alison A. Rankin Revocable Trust, dated September 11, 2000

  

	55.	 The Trust created under the Agreement, dated December 20, 1993, between Thomas T. Rankin, as co-trustee, Matthew M. Rankin, as co-trustee, and Matthew M. Rankin, for the benefit of Matthew M. Rankin 

 

	56.	 Scott Seelbach 

  

	57.	 Margo Jamison Victoire Williams (by Clara Rankin Williams as Custodian) 

 

	58.	 Trust created under the Agreement, dated June 1, 1995, between Chloe O. Rankin, as Trustee, and Chloe O.
Rankin, for the benefit of Chloe O. Rankin 

  

	59.	 Trust created by the Agreement, dated June 17, 1999, between John C. Butler, Jr., as trustee, and John C.
Butler, Jr., creating a trust for the benefit of John C. Butler, Jr. 

	60.	 Clara Rankin Butler 2002 Trust, dated November 5, 2002 

 

	61.	 Griffin Bedwell Butler 2002 Trust, dated November 5, 2002 

 

	62.	 Elizabeth B. Rankin 

  

	63.	 Margo Jamison Victoire Williams 2004 Trust created by the Agreement, dated December 10, 2004, between
David B.H. Williams, as trustee, and Clara Rankin Williams, creating a trust for the benefit of Margo Jamison Victoire Williams 

  

	64.	 Helen Charles Williams 2004 Trust created by the Agreement, dated December 10, 2004, between David B.H.
Williams, as trustee, and Clara Rankin Williams, creating a trust for the benefit of Helen Charles Williams 

  

	65.	 Helen Charles Williams (by David B.H. Williams as Custodian) 

 

	66.	 Julia L. Rankin Kuipers 

 

	67.	 Trust created by the Agreement, dated December 21, 2004, between Claiborne R. Rankin, as trustee, and
Julia L. Rankin, creating a trust for the benefit of Julia L. Rankin 

  

	68.	 Thomas Parker Rankin 

 

	69.	 Taplin Elizabeth Seelbach (by Scott Seelbach as Custodian) 

 

	70.	 Trust created by the Agreement, dated December 21, 2004, between Chloe R. Seelbach, as trustee, and
Claiborne R. Rankin, creating a trust for the benefit of Taplin Elizabeth Seelbach 

  

	71.	 Rankin Associates IV, L.P. 

 

	72.	 Marital Trust created by the Agreement, dated January 21, 1966, as supplemented, amended and restated,
between National City Bank and Beatrice Taplin, as Trustees, and Thomas E. Taplin, for the benefit of Beatrice B. Taplin 

  

	73.	 Trust created by the Agreement, dated May 10, 2007, between Mathew M. Rankin, as Grantor, and Mathew M.
Rankin and James T. Rankin, as co-trustees, for the benefit of Mary Marshall Rankin 

  

	74.	 Trust created by Agreement, dated May 10, 2007, between Mathew M. Rankin, as trustee, and James T. Rankin,
creating a trust for the benefit of William Alexander Rankin 

  

	75.	 Trust created by the Agreement dated December 21, 2004, between Chloe R. Seelbach, as trustee, and
Claiborne R. Rankin, creating a trust for the benefit of Isabelle Scott Seelbach 

  

	76.	 Lynne Turman Rankin 

  

	77.	 Jacob A. Kuipers 

  

	78.	 Alfred M. Rankin, Jr.’s 2011 Grantor Retained Annuity Trust 

 

	79.	 Alfred M. Rankin, Jr. 2012 Retained Annuity Trust 

	80.	 2012 Chloe O. Rankin 

 

	81.	 2012 Corbin K. Rankin Trust 

 

	82.	 2012 Alison A. Rankin Trust 

 

	83.	 2012 Helen R. Butler Trust 

 

	84.	 2012 Clara R. Williams Trust 

 

	85.	 The David B.H. Williams Trust, David B.H. Trustee u/a/d October 14, 2009 

 

	86.	 Mary Marshall Rankin (by Matthew M. Rankin, as Custodian) 

 

	87.	 William Alexander Rankin (by Matthew M. Rankin, as Custodian) 

 

	88.	 Margaret Pollard Rankin (by James T. Rankin, as Custodian) 

 

	89.	 Trust created by the Agreement, dated April 10, 2009, between Chloe R. Seelbach, as trustee, creating a
trust for the benefit of Chloe R. Seelbach 

  

	90.	 Trust created by the Agreement, dated December 21, 2004, between Chloe R. Seelbach, as trustee, and
Claiborne R. Rankin, creating a trust for the benefit of Thomas Wilson Seelbach 

  

	91.	 Isabelle Seelbach (by Chloe R. Seelbach, as Custodian) 

 

	92.	 Elisabeth M. Rankin (by Alison A. Rankin, as Custodian) 

 

	93.	 A. Farnham Rankin 

  

	94.	 Taplin Annuity Trust #1 of Beatrice B. Taplin dated June 18, 2011 

 

	95.	 The Beatrice B. Taplin Trust/Custody dtd December 12, 2001, Beatrice B. Taplin, as Trustee, for the
benefit of Beatrice B. Taplin 

  

	96.	 Cory Freyer 

  

	97.	 Ngaio T. Lowry Trust, dated February 26, 1998, Caroline T. Ruschell, Trustee 

 

	98.	 Caroline T. Ruschell Trust Agreement dated December 8, 2005, Caroline T. Ruschell as Trustee

  

	99.	 Jennifer Dickerman 

  

	100.	 The Trust created under the Agreement dated January 5, 1977 between PNC Bank as Co-Trustee, Alfred M. Rankin, Jr., as Co-Trustee, for the benefit of Clara L.T. Rankin 

 

	101.	 The Trust created under the Agreement, dated January 1, 1977, between PNC Bank, as Co-Trustee, Alfred M. Rankin, Jr., as Co-Trustee, and Clara L. T. Rankin, for the benefit of Clara L. T. Rankin 

	102.	 Thomas E. Taplin Exempt Family Trust u/a dated January 21, 1966 and as amended, Beatrice Taplin, Trustee

  

	103.	 Thomas E. Taplin Exempt Family Trust u/a dated January 21, 1966 amended, per IRC 1015(A) Dual Basis Sub-Account, Beatrice Taplin, Trustee 

  

	104.	 Alfred M. Rankin Jr.—Roth IRA— Brokerage Account #***** 

 

	105.	 John C. Butler, Jr.—Roth IRA— Brokerage Account #***** 

 

	106.	 DiAhn Taplin 

  

	107.	 BTR 2012 Trust for Helen R. Butler 

 

	108.	 BTR 2012 Trust for Clara R. Williams 

 

	109.	 BTR 2012 Trust for James T. Rankin 

 

	110.	 BTR 2012 Trust for Matthew M. Rankin 

 

	111.	 BTR 2012 Trust for Thomas P. Rankin 

 

	112.	 BTR 2012 Trust for Chloe R. Seelbach 

 

	113.	 BTR 2012 Trust for Claiborne R. Rankin, Jr. 

 

	114.	 BTR 2012 Trust for Julia R. Kuipers 

 

	115.	 BTR 2012 Trust for Anne F. Rankin 

 

	116.	 BTR 2012 Trust for Elisabeth M. Rankin 

 

	117.	 The Anne F. Rankin Trust dated August 15, 2012 

 

	118.	 Trust created by the Agreement, dated August 20, 2009 between James T. Rankin, as Trustee, and James T.
Rankin, creating a trust for the benefit of James T. Rankin 

  

	119.	 Thomas P. K. Rankin, Trustee of the trust created by agreement, dated February 2, 2011, as Supplemented,
amended and restated, between Thomas P.K. Rankin, as trustee, and Thomas P.K. Rankin, creating a trust for the benefit of Thomas P.K. Rankin 

  

	120.	 Claiborne R. Rankin Trust for the children of Julia R. Kuipers dated December 27, 2013 under the Custody
Agreement dated December 27, 2013 fbo Evelyn R. Kuipers 

  

	121.	 AMR Associates, LP 

  

	122.	 Vested Trust for the benefit of Margaret Pollard Rankin U/A/D December 4, 2015 

 

	123.	 Vested Trust for the benefit of James T. Rankin, Jr. U/A/D December 4, 2015 

 

	124.	 Claiborne R. Rankin Trust for the children of Claiborne R. Rankin, Jr. dated August 26, 2016 for the
benefit of Claiborne Read Rankin, III 

	125.	 Claiborne R. Rankin Trust for the children of Julia R. Kuipers dated December 27, 2013 fbo Matilda Alan
Kuipers 

  

	126.	 Claiborne Read Rankin III (by Claiborne R. Rankin, Jr., as Custodian) 

 

	127.	 James T. Rankin, Jr. (by James T. Rankin, as Custodian) 

 

	128.	 Matilda Alan Kuipers (by Julia R. Kuipers, as Custodian) 

 

	129.	 Lauran Rankin 

  

	130.	 Lauran Rankin Main Trust u/a/d 12/23/15 

 

	131.	 Thomas Wilson Seelbach (by Chloe Seelbach, as Custodian) 

 

	132.	 Evelyn R. Kuipers (by Julia R. Kuipers, as Custodian) 

 

	133.	 Trust FBO Paige J. Rankin U/T/A Vested Trusts for Children of Claiborne R. Rankin, Jr., dated 8/26/2016
(Claiborne R. Rankin, Jr., Trustee) 

  

	134.	 Paige J. Rankin (by Claiborne R. Rankin, Jr., as Custodian for Paige J. Rankin) 

 

	135.	 BTR 2020 GST Trust for Helen R. Butler, Helen R. Butler, Trustee 

 

	136.	 BTR 2020 GST Trust for Clara R. Williams, Clara W. Williams, Trustee 

 

	137.	 BTR 2020 GST Trust for Elisabeth M. Rankin, Roger F. Rankin, Trustee 

 

	138.	 BTR 2020 GST Trust for Anne F. Rankin, Roger F. Rankin, Trustee 

 

	139.	 BTR 2020 GST Trust for Chloe R. Seelbach, Claiborne R. Rankin, Trustee 

 

	140.	 BTR 2020 GST Trust for Claiborne R. Rankin, Jr., Claiborne R. Rankin, Trustee 

 

	141.	 BTR 2020GST Trust for Julia R. Kuipers, Claiborne R. Rankin, Trustee 

 

	142.	 JCB 2020 GST Trust fbo Clara R. Butler, Helen R. Butler, Trustee 

 

	143.	 JCB 2020 GST Trust fbo Griffin B. Butler, Helen R. Butler, Trustee 

 

	144.	 HRB 2020 GST Trust fbo Clara R. Butler, Clara R. Williams, Trustee 

 

	145.	 HRB 2020 GST Trust fbo Griffin B. Butler, Clara R. Williams, Trustee 

 

	146.	 CRW 2020 GST Trust fbo Helen C. Williams, David B.H. Williams, Trustee 

 

	147.	 CRW 2020 GST Trust fbo Margo J.V. Williams, David B. H. Williams, Trustee 

 

	148.	 BTR 2020 GST Trust for Matthew M. Rankin, Thomas T. Rankin, Trustee 

 

	149.	 BTR 2020 GST Trust for James T. Rankin, Thomas T. Rankin, Trustee 

 

	150.	 BTR 2020 GST Trust for Thomas P.K. Rankin, Thomas T. Rankin, TrusteeExhibit 4.9

      

        

       

        

      STERLING NATIONAL BANK

      DEFERRED DIRECTOR FEE PLAN

      (As Amended and Restated Effective January 1, 2016)

       

      INTRODUCTION

       

      WHEREAS, Sterling National Bank established the 2005 Deferred Director Fee Plan effective as of January l, 2005 (the “2005 Plan”); and

       

      WHEREAS, the purpose of the 2005 Plan is to provide Directors with the opportunity to defer receipt of
        Compensation and recognition of income tax thereon; and

       

      

      WHEREAS, the Bank desires to amend and restate the 2005 Plan effective January l, 2016; 

       

      

      NOW, THEREFORE, the Bank hereby amends and restates the 2005 Plan effective as of January 1,2016 and renames
        the Plan the “Sterling National Bank Deferred Director Fee Plan (As Amended and Restated Effective January 1, 2016).”

      

      

      1.          

      DEFINITION OF TERMS AND CONSTRUCTION

       

      1.1       

      Definitions. Unless a different meaning is plainly implied by the context, the following
          terms as used in this Plan shall have the following meanings:

       

      (a)             

      “Bank” means Sterling National Bank, formerly named Provident Bank.

       

      (b)          

      “Beneficiary” means the person or persons (and their heirs) as designated by the Director in a
          written instrument submitted to the Chief Human Capital Officer of the Bank to whom the deceased Director’s benefits are payable. In the event the Director fails to properly designate a Beneficiary, the Director’s Beneficiary shall be the person
          or persons in the first of the following classes of successive preference surviving at the death of the Director: (i) the Director’s surviving spouse or (ii) the Director’s estate.

       

      (c)            

      “Board of Directors” shall mean the Board of Directors of the Bank.

       

      (d)           

      “Change in Control” shall mean (i) a change in the
          ownership of the Bank or the Company, (ii) a change in the effective control of the Bank or the Company, or (iii) a change in the ownership of a substantial portion of the assets of the Bank or the Company, as described below:

       

      	

            	(i)	
              A change in ownership occurs on the date that any one person, or more than one person acting as a group (as defined in Treasury Regulations Section 1.409A-3(i)(5)(v)(B)), acquires ownership of stock of the
                Bank or the Company that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Bank or the Company.

            

       

      
        -1-

        
          

      

      	

            	(ii)	
              A change in the effective control of the Bank or the Company occurs on the date that either (i) any one person, or more than one person acting as a group (as defined in Treasury Regulations Section
                1.409A-3(i)(5)(vi)(D)) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership of stock of the Bank or the Company possessing 30% or more of the total
                voting power of the stock of the Bank or the Company, or (ii) a majority of the members of the Bank’s or the Company’s board of directors is replaced during any 12-month period by directors whose appointment or election is not endorsed by a
                majority of the members of the Bank’s or the Company’s board of directors prior to the date of the appointment or election, provided that this subsection is inapplicable where a majority shareholder of the Bank or the Company is another
                corporation.

            

       

      	

            	(iii)	
              A change in a substantial portion of the Bank’s or the Company’s assets occurs on the date that any one person or more than one person acting as a group (as defined in Treasury Regulations Section
                1.409A-3(i)(5)(vii)(C)) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Bank or the Company that have a total gross fair market value equal
                to, or more than, 40% of the total gross fair market value of all of the assets of the Bank or the Company immediately before such acquisition. For this purpose, gross fair market value means the value of the assets of the Bank or the
                Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets.

            

       

      (e)            

      “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time, or any
          successor statute.

       

      (f)             

      “Committee” shall mean the Committee appointed by the Board of Directors to administer the Plan pursuant to Section 7 hereof.

       

      (g)        

      “Company” means Sterling Bancorp, a Delaware corporation and the holding company which owns 100%
          of the issued and outstanding stock of the Bank.

       

      (h)            

      “Compensation” shall mean the amount of Board of Directors’ fees paid by the Bank to the Director
          during a Defenal Year prior to reduction for Compensation Deferrals made under this Plan.

       

      (i)           

      “Compensation Deferral” shall mean the amount or amounts of the Director’s Compensation deferred under the provisions of Section 3
        hereof.

       

      

      
        -2-

        
          

      

      (j)         

      “Deferral Account” shall mean the account maintained to reflect a Director’s Compensation Deferrals made pursuant to Section 3
        hereof and any other credits or debits thereto.

       

      (k)         

      “Deferral Year” shall mean each calendar year with respect to which the Director makes, or is
          entitled to make, Compensation Deferrals under Section 3 hereof.

       

      (l)          

      “Director” shall mean any member of the Board of
          Directors who is not an employee of the Bank, the Company or any of their affiliates.

       

      (m)          

      “Hardship” shall mean a severe financial hardship to the Director resulting from an illness or
          accident of the Director, the Director’s spouse or a dependent, loss of the Director’ s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Director, all
          within the meaning of Treasury Regulations Section 1.409A-3(i)(3).

       

      (n)          

      “Investment Options” shall mean the hypothetical
          investment options designated by the Committee from which the Director may express a preference for the hypothetical investment of his or her Deferral Account. Investment Options may include, for example, (i) equity markets (including the stock
          of the Company or its successors), (ii) money market securities (i.e., Treasury bills or other obligations of the United States government or any state government or municipality, certificates of deposit), or (iii) assets which can be liquidated
          within sixty (60) days with no loss of principal. Investment Options are subject to change from time to time as the Committee, in its discretion, deems necessary or appropriate. Investment Options shall be used as earning indices in order to
          determine the gain or loss in the Director’s Deferral Account. No provision of the Plan shall be construed as giving any Director an interest in any of the Investment Options nor shall any provision require that the Company make any investment in
          any Investment Option.

       

      (o)            

      “Plan” means this Sterling National Bank Deferred Director Fee Plan (As Amended and Restated
          Effective January 1, 2016).

       

      (p)            

      “Section 409A” means Code Section 409A and the
          regulations and other official guidance issued thereunder.

       

      (q)           

      “Separation from Service” means a “separation from service” within the meaning of Section 409A
          when a Director ceases to be a Director.

       

      (r)           

      “Trustee” shall mean the Trustee, if any, of any grantor trust which may be established by the
          Bank to accumulate assets for the purpose of providing the benefits promised under this Plan.

       

      (s)           

      “Valuation Date” shall mean the last business day of each calendar quarter and any other day upon
          which the Bank makes a valuation of the Deferral Account.

       

      1.2        

      Plurals and Gender. Where appearing in this Plan
          the singular shall include the plural and the masculine shall include the feminine, and vice versa, unless the context clearly indicates a different meaning.

       

        

      
        -3-

        
          

      

      1.3       

       

            

      Headings. The headings and sub-headings in this Plan are inserted for the convenience of
          reference only and are to be ignored in any construction of the provisions hereof.

       

      2.          

      PERIOD DURING WHICH COMPENSATION DEFERRALS ARE PERMITTED

       

      2.1         

       

            

      Participation and Commencement of Compensation Deferrals. The eligibility to make
          Compensation Deferrals under the Plan is limited to Directors. A Director may elect, on a form prescribed by the Committee (which prescribed form may limit the time and form of payment alternatives to be elected) provided by, and submitted to,
          the Chief Human Capital Officer of the Bank, to commence Compensation Deferrals under Section 3 hereof for the Deferral Year beginning immediately following the date such form is submitted to the Chief Human Capital Officer of the Bank; provided,
          however, that to the extent permissible under Section 409A, a Director who is newly-elected to the Board of Directors during a Deferral Year may make an inevocable Compensation Deferral election within thirty (30) days after the date of becoming
          a Director, which election shall only apply to such Director’s Compensation earned after the date such election becomes irrevocable.

       

      2.2         

       

            

       

            

      Termination of Deferrals. A Director shall not be eligible to make Compensation
          Deferrals after the earliest of the following dates:

       

      (a)            

       

        

      The date on which he or she ceases to serve as a Director; or

       

      (b)            

      The effective date of the termination of this Plan.

       

      3.          COMPENSATION DEFERRALS

       

      3.1         

      Compensation Deferral Elections.

       

      (a)            

       

        

      Prior to the first day of any Deferral Year, a Director may elect, on the form described in Section 2.1 hereof, to defer the receipt of
          all or a portion of the Director’s Compensation for such Deferral Year. Such written Compensation Deferral election shall set forth (i) the amount of such Compensation Deferral (in whole percentage or dollar amounts) and may set forth a specific
          type of Compensation (i.e., based on the activity for which a specific portion of Compensation is paid) from which such Compensation Deferrals are to be made; and (ii) the date on which such Compensation Deferrals shall be paid to the Director.
          Such Compensation Deferral election for a Deferral Year shall become irrevocable as of the first day of that Deferral Year, and such Compensation Deferral election shall continue in effect, as an evergreen Compensation Deferral election, for all
          subsequent Deferral Years unless it is canceled or modified by the Director as provided below.

       

      (b)         

      Compensation Deferrals shall be withheld pro rata from each payment of Compensation (or payment of a specific type of Compensation, as
          specified in the Director’s Compensation Deferral election, if applicable) by the Bank to the Director based upon the percentage or dollar amount elected by the Director under Section 3.1(a) hereof.

       

      (c)           

      The Director may cancel or modify the amount of his or her Compensation Deferrals on a prospective basis by submitting to the Chief Human
          Capital Officer of the Bank a revised Compensation Deferral election form. Such change will be effective as of the first day of the Deferral Year following the date such revised Compensation Deferral election form is submitted to the Chief
        Human Capital Officer of the Bank.

       

      
        -4-

        
          

      

      (d)          

       

        

       

        

      (i) 

      The Director may modify the time or form (i.e., lump sum or installments) of payment for future Compensation Deferrals by submitting to
          the Chief Human Capital Officer of the Bank a revised Compensation Deferral election form. Such change will be effective as of the first day of the Deferral Year following the date such revision is submitted to the Chief Human Capital Officer of
          the Bank.

       

      (ii)        

      In addition, the Director may modify either (or both) the time or form of payment of his or her Compensation Deferrals that have already been accrued
        in his or her Deferral Account, but any such modification to either (or both) the time or form of payment must be made at least twelve (12) months before the payment would have been made and must result in a delay of at least five (5) years from
        the original payment date, even if the change was only with respect to the form of payment. Example: If the existing Compensation Deferral election
          provides for a lump sum payment on January 15, 2017, the Director could not change to installments commencing on that same date; rather, the installments could commence on January 15, 2022. Furthermore, the new election must be made before
          January 15, 2016.

       

      3.2          Valuation of Deferral Account.

       

      (a)           

       

        

       

        

      The Bank shall establish a bookkeeping Deferral Account to which will be credited an amount equal to the Director’s Compensation Deferrals
          made under this Plan. Compensation Deferrals shall be allocated to the Deferral Account on the first business day following the date such Compensation Deferrals are withheld from the Director’s Compensation. As of January l, 2016, the Deferral
          Account also shall be credited with the amounts credited to the Director under each other outstanding Compensation Deferral election with respect to Compensation deferred under the 2005 Plan, all of which are superseded by this Plan pursuant to
          Section 6.10 hereof. The Deferral Account shall be debited to reflect any distributions from such Deferral Account. Such debits shall be allocated to the Deferral Account as of the date such distributions are made.

       

      (b)            

      As of each Valuation Date, income, gain and loss equivalents (determined as if the Deferral Account is invested in the manner set forth
          under Section 3.3, below) attributable to the period following the immediately preceding Valuation Date shall be credited to and/or deducted from the Director’s Deferral Account.

       

      3.3        

      Hypothetical Investment of Deferral Account. Subject to such limitations as may from
          time to time be required by law or imposed by the Committee, and subject to such operating rules and procedures as may be imposed from time to time by the Committee, each Director may express to the Committee a preference as to how the Director’s
          Deferral Account should be hypothetically invested among the Investment Options.

       

      (a)           

       

        

      Any initial or subsequent expression of investment preference shall be in writing, on a form provided by and filed with the Committee, and
          shall be subject to such rules and procedures as the Committee may promulgate from time to time, including rules as to when an expression of investment preference will be effective. In the event a grantor trust has been established, the
        Committee may forward the Directors expression of investment preference to the Trustee.

       

      
        -5-

        
          

      

      (b)           

       

        

      The contributions and credits and other amounts added to a Director’s Deferral Account shall be hypothetically invested in accordance with
          the then effective designation of investment preference and as of the effective date of any new investment preference, all or a portion of the Director’s Deferral Account at that date shall be reallocated among the designated Investment Options
          according to the directions specified in the investment preference unless and until a subsequent investment preference shall be filed and become effective. Unless otherwise announced by the Committee, investment preferences may be changed no more
          than two (2) times per calendar year and must be received by the Committee no less than ten (10) days before the effective date of the change.

        

      

      (c)          

      If the Committee receives an initial or revised investment preference which it deems to be incomplete, unclear or improper, the Director’s
          investment preference then in effect shall remain in effect (or, in the case of a deficiency in an initial investment preference) until the next Valuation Date, unless the Committee provides for, and permits the application of, corrective action
          prior to that time. The Committee shall announce to the Director a default Investment Option, which shall be substituted for the Director’s investment preference for any portion of his or her Deferral Account from which he or she fails to file an
          investment preference.

       

      (d)           

      All investment preferences shall be advisory only and shall not bind the Bank, the Committee, or trustee (if any). The Bank shall not be
          obligated to invest any funds in connection with this Plan. If, however, the Bank chooses to establish a grantor trust in which to invest funds to provide for its liabilities under this Plan, the trustee of such trust shall have complete
          discretion as to investment.

       

      (e)         

       

        

      Each Director’s Deferral Account will be credited with earnings or losses as if the Deferral Account were actually invested in accordance
          with the Director’s expression of investment preference, as follows: As of each Valuation Date, the net earnings or losses of each Investment Option since the preceding Valuation Date shall be allocated among all Deferral Accounts in accordance
          with the preferences indicated by each Director as though the Deferral Accounts had been invested in the Investment Option in accordance with each Director’s indicated preference. For purposes of this allocation, the Deferral Account of each
          Director will consist of the balance of the Deferral Account as of the preceding Valuation Date, adjusted (i) by adding to the balance any elective deferred Compensation made since the preceding Valuation Date and (ii) by subtracting from such
          balance all distributions made to the Director or to a Beneficiary. Each Deferral Account shall be further adjusted to reflect any changes in investment preferences which have become effective since the last Valuation Date.

       

      (f)           

       

        

      If it is determined that the amount credited to a Deferral Account as of any date on which distributions are to be made differs materially
          from the amount credited to the Deferral Account on the prior Valuation Date upon which the distribution is to be based, the Committee, in its discretion, shall have the right to designate any date in the interim as a Valuation Date for the
          purpose of revaluing the Deferral Account so that the Deferral Account from which the distribution is being made will, prior to the distribution, reflect its share of such material difference in value. Similarly, the Committee may adopt a policy
          of providing for regular interim valuations without regard to the materiality of changes in the value of the Deferral Accounts.

       

      
        -6-

        
          

      

      4.          DISTRIBUTIONS FROM DEFERRAL ACCOUNT

       

        
        
          
            4.1  

             

              

            (a)   

             

                

             

                

             

                

            In General. Unless the time of distribution(s) is otherwise specified in a Director’s Compensation Deferral election form, distributions from
              a Director’s Deferral Account shall be paid in quarterly installments over a period of five (5) years beginning on the first day of the first calendar quarter coincident with or next following the earliest of:

            

            

                        (i)            

            

            the Director’s attainment of age seventy-five (75);

          

           

          

                     (ii)         

          

          the Director’ s Separation from Service; or 

           

          

                     (iii)        

          

          the distribution date specified by the Director in his or her Compensation Deferral election form, except in the event of an accelerated distribution
            following a Change in Control or due to Hardship, in accordance with Section 4.3 or 4.5 hereof. 

        

      

       

      Each quarterly installment shall be in an amount equal to the product of the then current balance in the Director’s Deferral Account multiplied by a
        fraction, the numerator of which shall be “one” and the denominator of which shall be the number of remaining quarterly payments to which the Director is entitled.

       

      (b)           

       

            

      Request for Alternate Distribution. A Director may request to change the specified time or
          form of payment, but such request must comply with Section 3.1(d)(2) above.

       

      (c)            

      Distribution in Company Stock. All amounts deemed
          invested in Company stock shall be distributed solely in the form of Company stock provided, however, that in the event of a Change in Control of the Company that results in the stock of the Company no longer being publicly traded, the Director
          shall receive a distribution in the form of cash in an amount equal to the value of the Director’s Deferral Account invested in Company stock based on the price paid for such stock in the Change in Control event.

       

      4.2         

      Death Prior to Complete Distribution of Deferral Account.
          Upon the death of a Director prior to the commencement of the distribution of the amounts credited to his or her Deferral Account, the balance credited to such Deferral Account shall be distributed to his or her Beneficiary in the manner set
          forth under Section 4.1 hereof beginning on the first day of the first calendar quarter coincident with or next following the date the Director dies. In the event of the death of the Director after the commencement of such distribution, but prior
          to the complete distribution of his or her Deferral Account, the balance of the amounts credited to his or her Deferral Account shall be distributed to his or her Beneficiary over the remaining period during which such amounts were distributable
          to the Director under Section 4.1 hereof.

       

      4.3       

       

            

      Accelerated Distribution Following a Change in Control. Notwithstanding any other
          provision of this Plan, within sixty (60) days after a Change in Control, each Director shall be paid a lump sum distribution of the Director’s Deferral Account balance. The amount payable shall be the amount credited, as determined by the
          Committee, to the Deferral Account on the date of distribution.

       

        

      
        -7-

        
          

      

      4.4        

       

            

      Payments Due Missing Persons. The Bank shall make a reasonable effort to locate all
          persons entitled to benefits under this Plan. However, notwithstanding any provisions of this Plan to the contrary, if, after a period of five (5) years from the date such benefit shall be due, any such persons entitled to benefits have not been
          located, their rights under this Plan shall stand suspended. Before this provision becomes operative, the Bank shall send a certified letter to all such persons to their last known address advising them that their benefits under this Plan shall
          be suspended. Any such suspended amounts shall be held by the Bank for a period of three (3) additional years (or a total of eight (8) years from the time the benefits first become payable) and thereafter, if unclaimed, such amounts shall be
          forfeited.

       

      4.5        

       

            

      Hardship Distributions. A Director, who believes he or she has incurred a Hardship
          may petition the Committee for a Hardship distribution. Upon a finding that the Director has suffered a Hardship, the Committee may, in its sole discretion, make distributions from the Director’s Deferral Account prior to the time specified for
          payment of benefits under the Plan. The amount of such distribution shall be limited to the amount reasonably necessary to alleviate the Hardship, including an amount necessary to pay any taxes that result from a distribution from this Plan.

       

      4.6       

       

            

      No Acceleration. Except as provided in Section 4.3 and permitted under Section 409A,
          no acceleration of the time or form of payment of a Deferral Account, or any portion thereof, shall be permitted.

       

      4.7        

       

            

      Section 409A Violation. If the Plan fails to meet the requirements of Section 409A
          with respect to a Director, the Committee shall distribute the amount required to be included in such Director’s gross income as a result of such failure.

       

      5.          

      AMENDMENTS AND TERMINATION

       

      5.1          

       

            

      Amendments.

       

      (a)

        

       

        

      The Bank may amend this Plan at any time and in any manner except that no such amendment shall have the effect of accelerating
          distributions of a Director’s Deferral Account other than as provided in Section 4 hereof.

       

      (b)          

      The Bank reserves the right to amend, in whole or in part, and in any manner, any or all of the provisions of this Plan by action of the
          Board of Directors for the purposes of complying with any provision of the Code or any other technical or legal requirements, provided that:

       

      	

            	(i)	
              No such amendment shall make it possible for any part of a Director’s Deferral Account to be used for, or diverted to, purposes other than for the exclusive benefit of the Director or the Director’s
                Beneficiaries, except to the extent otherwise provided in this Plan; and

            

       

      
        -8-

        
          

      

      	

            	(ii)	
              No such amendment may reduce the amount of the Director’s Deferral Account as of the effective date of such amendment.

            

       

      5.2         

       

            

      Plan Termination.

       

      (a)           

       

        

       

        

      The Bank reserves the right to terminate the Plan at any time.

       

      (b)

      In the event the Plan is terminated, the Committee shall determine whether Deferral Accounts shall be paid in accordance with Section 4 or
          accelerated and paid in accordance with the following Section 409A requirements:

       

      	

            	(i)	
              all arrangements sponsored by the Bank that would be aggregated with this Plan under Treasury Regulations Section 1.409A-l(c)(2) if any individual covered by this Plan was also covered by any of those other
                arrangements are also terminated;

            

       

      	

            	(ii)	
              no payments other than payments that would be payable under the terms of the arrangement if the termination had not occurred are made within twelve (12) months of the termination of the arrangement;

            

       

      	

            	(iii)	
              all payments are made within twenty-four (24) months of the termination of the arrangements; and

            

       

      	

            	(iv)	
              the Bank does not adopt a new anangement that would be aggregated with any terminated arrangement under Treasury Regulations Section 1.409A-1(c)(2) if the same individual participated in both arrangements, at
                any time within three years following the date of termination of the arrangement.

            

       

      6.          

      MISCELLANEOUS.

       

      6.1          

       

            

       

            

      Rights of Creditors.

       

      (a)          

       

        

      This Plan is unfunded. Neither the Director nor any other persons shall have any interest in any specific asset or assets of the Bank by
          reason of any Deferral Account hereunder, nor any rights to receive distribution of his Deferral Account except and as to the extent expressly provided hereunder. The Bank shall not be required to purchase, and shall not hold or dispose of any
          investments pursuant to this Plan.

       

      (b)          

      The rights of a Director and his or her Beneficiaries to the amounts credited to the Director’ s Deferral Account are unsecured and shall
          be subject to the creditors of the Bank. With respect to the payment of amounts held under the Deferral Account, the Director and his Beneficiaries have the status of unsecured creditors of the Bank. This Plan is executed on behalf of the Bank by
          an officer of the Bank as such and not individually. Any obligation of the Bank hereunder shall be an unsecured obligation of the Bank and not of any other person.

       

        

      
        -9-

        
          

      

      6.2        

       

            

      Agents. The Bank may employ agents and provide for such clerical, legal, actuarial,
          accounting, advisory or other services as it deems necessary to perform its duties under this Plan. The Bank shall bear the cost of such services and all other expenses it incurs in connection with the administration of this Plan.

       

      6.3         

      

      Incapacity. If the Bank shall receive evidence satisfactory to it that a Director or
          any Beneficiary entitled to receive any benefit under the Plan is, at the time when such benefit becomes payable, a minor, or is physically or mentally incompetent to receive such benefit and to give a valid release therefore, the Bank may make
          payment of such benefit otherwise payable to the Director or Beneficiary to the conservator, executor, committee or other legal representative of the estate of the Director or Beneficiary, and the release of such other person or institution shall
          be a valid and complete discharge for the payment of such benefit.

       

      6.4        

      Cooperation of Parties. All parties to this Plan and any person claiming any interest
          hereunder agree to perform any and all acts and execute any and all documents and papers which are necessary or desirable for carrying out this Plan or any of its provisions.

       

      6.5         

       

            

      Governing Law. This Plan is entered into in the State of New York and all matters
          concerning its validity, construction and administration shall be governed by the laws of the State of New York.

       

      6.6          

       

        

      

      Nonguarantee of Directorship. Nothing contained in this Plan shall be construed as a
          contract or guarantee of the right of the Director to be, or remain as, a Director or to receive any, or any particular rate of, Compensation.

       

      6.7         

      Counsel. The Bank and the Committee may consult with legal counsel with respect to
          the meaning or construction of this Plan, its obligations or duties hereunder or with respect to any action or proceeding or any question of law, and it shall be fully protected with respect to any action taken or omitted by it in good faith
          pursuant to the advice of legal counsel.

       

      6.8       

      Spendthrift Provision. A Director’s and Beneficiaries’ interests in the Deferral
          Account may not be anticipated, sold, encumbered, pledged, mortgaged, charged, transferred, alienated, assigned nor become subject to execution, garnishment or attachment and any attempt to do so by any person shall render the Deferral Amount
          immediately forfeitable.

       

      6.9        

      Notices. For purposes of this Plan, notices
          and all other communications provided for in this Plan shall be in writing and shall be deemed to have been duly given when delivered personally or mailed by United States registered or certified mail, return receipt requested, postage prepaid,
          or by nationally recognized overnight delivery service providing for a signed return receipt, addressed to the Director at the home address set forth in the Bank’s records and to the Bank at its principal corporate office, provided that all
          notices to the Bank shall be directed to the attention of the Chief Human Capital Officer of the Bank or to such other address as either party may have furnished to the other in writing in accordance herewith, except that notice of change of
          address shall be effective only upon receipt.

       

      6.10       

      Amended and Restated Plan. Effective January
          l, 2016, this Plan amends, restates and supersedes the 2005 Plan with respect to Compensation deferred by Directors on or after January l, 2005.

       

      
        -10-

        
          

      

      6.11       

       

            

      Interpretation of Plan. Interpretations of, and determinations related to, this Plan
          made by the Bank and the Committee in good faith, including any determinations of the amounts of the Deferral Account, shall be conclusive and binding upon all parties; and the Bank and the Committee shall not incur any liability to the Director
          or his or her Beneficiary for any such interpretation or determination so made or for any other action taken by it in connection with this Plan in good faith.

       

      6.12      

      Successors and Assigns. This Plan shall be
          binding upon, and shall inure to the benefit of, the Bank and its successors and assigns and to the Directors and their Beneficiaries, heirs, executors, administrators and personal representatives.

       

      6.13      

       

            

       

            

      Severability. In the event any one or more provisions of this Plan are held to be
          invalid or unenforceable, such illegality or unenforceability shall not affect the validity or enforceability of the other provisions hereof and such other provisions shall remain in full force and effect, unaffected by such invalidity or
          unenforceability.

       

      6.14      

       

            

      Execution in Counterparts. This Plan may be executed in any number of counterparts,
          each of which shall be deemed to be an original, but all of which together shall constitute one and the same instrument.

       

      6.15      

      Indemnification. It is understood and agreed that a Director shall indemnify and hold
          the Bank harmless from any and all costs, expenses or losses incurred by the Bank as a result of implementing any actions pursuant to the instructions or directions given by the Director.

       

      6.16       

      Trust Fund. The Bank shall be responsible for the payment of all benefits provided
          under the Plan. At its discretion, the Bank may establish one or more trusts, with such trustee(s) as the Board may approve, for the purpose of providing for the payment of such benefits. Such trust may be irrevocable, but the assets thereof
          shall be subject to the claims of the Bank’s creditors, as set forth in Section 6.1(b). To the extent any benefits provided under the Plan are actually paid from any trust, the Bank shall have no further obligation with respect thereto, but to
          the extent not so paid, such benefits shall remain the obligation of, and shall be paid by, the Bank.

       

      6.17      

      Tax Treatment. Notwithstanding any other provision of the Plan, although the Company,
          the Bank, the Board of Directors, and the Committee shall use their reasonable efforts to avoid the imposition of taxation, penalties, and interest under Section 409A, the tax treatment of the Director’s Compensation Deferrals under the Plan
          shall not be, and is not, warranted or guaranteed. Neither the Company, the Bank, the Board of Directors, nor the Committee shall be held liable for any taxes, penalties, or other monetary amounts owed by a Director, Beneficiary, or other person
          as a result of any deferral or payment under the Plan.

       

      7.          ADMINISTRATION

       

      7.1        

      Committee; Duties. This Plan shall be
          administered by the Committee, which shall be appointed by the Board. The Committee shall have the authority to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve
          any and all questions, including interpretations of this Plan, as may arise in connection with the Plan. A majority vote of the Committee members shall control any decision.

       

      
        -11-

        
          

      

      7.2        

      Agents. The Committee may, from time to time, employ other agents and delegate to
          them such administrative duties as it sees fit, and may from time to time consult with counsel who may be counsel to the Bank.

       

      7.3      

      Binding Effect of Decisions. The decision or action of the Committee in respect to
          any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules of regulations promulgated hereunder shall be final, conclusive and binding upon all persons having any interest in the
          Plan.

       

      7.4        

      Indemnity of Committee. The Bank shall indemnify and hold harmless the members of the
          Committee against any and all claims, loss, damage, expense or liability arising from any action or failure to act with respect to this Plan, except in the case of gross negligence or willful misconduct.

       

        

      
        -12-

        
          

      

       IN WITNESS WHEREOF, the Bank has adopted this Plan effective as of January 1, 2016.

      

      

      
        	 

              	 	 STERLING NATIONAL BANK  
	 

              	 	 	 
	
                January 1, 2016

              	 	By: 

              	 /s/ Luis Massiani 
	Date 

              	 	 	 

      

      

      

      

      

      -13-

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