Document:

Exhibit 10.1

FlexShopper,
Inc.

 

Non-Employee
Director Compensation Policy

 

Members
of the Board of Directors (the "Board") of FlexShopper, Inc. (the "Company") who are not employees
of the Company or any subsidiary of the Company and have not been appointed to the Board in connection with an Investor Rights
Agreement ("Directors") shall be paid the following amounts in consideration for their services on the Board.

 

Annual
Compensation

 

Cash
Compensation

 

Each
Director shall be paid an annual cash retainer of $30,000 prorated for partial years of service and paid quarterly in arrears.
Committee members shall be paid the following additional annual cash retainer amounts paid quarterly in arrears:

 

	Audit
    Committee Chair:	$5000
	Audit
    Committee Member:	$2500
	Compensation  Committee
    Chair:	$5000
	Compensation
    Committee Member:	$2500
	Corporate
    Governance and Nominating Committee Chair:	$5000
	Corporate  Governance  and
    Nominating  Committee Member:	$2500

 

Equity
Compensation

 

On
the first trading day following December 31 of each year (each, an "Option Grant Date"), each Director will also
be awarded a number of Options to purchase 6,000 shares of the Company's common stock ("Common Stock"). All Director
Options under this Policy shall be made under and pursuant to the Plan (as defined below). The Options shall not become vested
until the first anniversary of the Option Grant Date (the "Annual Award Vesting Date"). If a Director ceases
to serve as a Director before the Annual Award Vesting Date due to the Director's death, or if there is a Change of Control prior
to the Annual Award Vesting Date, then the Options shall become fully vested as of the date of such death or Change of Control,
as applicable. If a Director ceases to serve as a Director at any time for any reason other than death before the earlier of the
Annual Award Vesting Date or a Change of Control, then the annual equity grant shall become vested pro rata (based on the number
of days between the Option Grant Date and the date of cessation of services divided by 365), and to the extent the Options are
not thereby vested they shall be forfeited as of the date of such cessation of services.

 

    

     

    

 

Equity
Award Terms

 

Capitalized
terms used herein and not otherwise defined shall have the meanings given to them in the Company's 2015 Omnibus Equity Compensation
Plan (the "Plan"). Any Options issued in accordance with the terms of this Policy shall be made under and pursuant
to the Plan. The Board, in its sole discretion and in recognition for meritorious service, may elect to vest up to 100% of a Director's
unvested equity awards upon retirement.

 

Expense
Reimbursement

 

The
compensation described in this Policy is in addition to reimbursement of all out-of-pocket expenses incurred by Directors in attending
meetings of the Board.

 

Employee
Directors

 

An
employee of the Company who serves as a director on the Board or on the board of directors of a Company subsidiary receives no
additional compensation for such service.

 

Section
409A

 

This
Policy is intended to comply with Code Section 409A to the extent subject thereto, and, accordingly, to the maximum extent permitted,
the Policy shall be interpreted and administered to be in compliance therewith. Any payments described in this Policy that are
due within the "short-term deferral period" as defined in Code Section 409A shall not be treated as deferred compensation
unless applicable laws require otherwise.

 

Adopted
Effective May 10, 2017

 

    2hone_Ex10_2

		

			Exhibit 10.2

		

		

			 

		

		
			RESTRICTED STOCK AWARD AGREEMENT
UNDER THE HARBORONE BANCORP, INC.
		

		
			2017 STOCK OPTION AND INCENTIVE PLAN
		

		
			Name of Grantee:
		

		
			No. of Shares:
		

		
			Grant Date:
		

		
			Pursuant to the HarborOne Bancorp, Inc. 2017 Stock Option and Incentive Plan as amended through the date hereof (the “Plan”), HarborOne Bancorp, Inc. (the “Company”) hereby grants a Restricted Stock Award (an “Award”) to the Grantee named above.  Upon acceptance of this Award, the Grantee shall receive the number of shares of Common Stock, par value $0.01 per share (the “Stock”) of the Company specified above, subject to the restrictions and conditions set forth herein and in the Plan.  The Company acknowledges the receipt from the Grantee of consideration with respect to the par value of the Stock in the form of cash, past or future services rendered to the Company by the Grantee or such other form of consideration as is acceptable to the Administrator.
		

			
	
			
				 1.
			Award.  The shares of Restricted Stock awarded hereunder shall be issued and held by the Company’s transfer agent in book entry form, and the Grantee’s name shall be entered as the shareholder of record on the books of the Company.  Thereupon, the Grantee shall have all the rights of a shareholder with respect to such shares, including voting and dividend rights, subject, however, to the restrictions and conditions specified in Paragraph 2 below.  The Grantee shall (i) sign and deliver to the Company a copy of this Award Agreement and (ii) deliver to the Company a stock power endorsed in blank.

			
	
			
				 2.
			Restrictions and Conditions.

			
	
			
				 (a)
			Any book entries for the shares of Restricted Stock granted herein shall bear an appropriate legend, as determined by the Administrator in its sole discretion, to the effect that such shares are subject to restrictions as set forth herein and in the Plan.

			
	
			
				 (b)
			Shares of Restricted Stock granted herein may not be sold, assigned, transferred, pledged or otherwise encumbered or disposed of by the Grantee prior to vesting.

			
	
			
				 (c)
			If the Grantee’s employment with the Company and its Subsidiaries is voluntarily or involuntarily terminated for any reason (including death) prior to vesting of shares of Restricted Stock granted herein, all shares of Restricted Stock shall immediately and automatically be forfeited and returned to the Company. 

			
	
			
				 3.
			Vesting of Restricted Stock.  The restrictions and conditions in Paragraph 2 of this Agreement shall lapse on the Vesting Date or Dates specified in the following schedule so long as the Grantee remains an employee of the Company or a Subsidiary on such Dates.  If a series 

		 

		

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			Exhibit 10.2

		

		

			 

		

	of Vesting Dates is specified, then the restrictions and conditions in Paragraph 2 shall lapse only with respect to the number of shares of Restricted Stock specified as vested on such date.

			
					
						Incremental Number
of Shares Vested

					
					
						Vesting Date

				
	
					
						_____________ (___%)

					
					
						____________

				
	
					
						_____________ (___%)

					
					
						____________

				
	
					
						_____________ (___%)

					
					
						____________

				
	
					
						_____________ (___%)

					
					
						____________

				
	
					
						_____________ (___%)

					
					
						____________

				

		
			Subsequent to such Vesting Date or Dates, the shares of Stock on which all restrictions and conditions have lapsed shall no longer be deemed Restricted Stock.  The Administrator may at any time accelerate the vesting schedule specified in this Paragraph 3.
		

			
	
			
				 4.
			Dividends.  Dividends on shares of Restricted Stock shall be paid currently to the Grantee.

			
	
			
				 5.
			Incorporation of Plan.  Notwithstanding anything herein to the contrary, this Award 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.
			Transferability.  This Agreement is personal to the Grantee, is non-assignable and is not transferable in any manner, by operation of law or otherwise, other than by will or the laws of descent and distribution.

			
	
			
				 7.
			Tax Withholding.  The Grantee shall, not later than the date as of which the receipt of this Award becomes a taxable event for Federal income tax purposes, pay to the Company or make arrangements satisfactory to the Administrator for payment of any Federal, state, and local taxes required by law to be withheld on account of such taxable event.  Except in the case where an election is made pursuant to Paragraph 8 below, the Company shall have the authority to cause the required tax withholding obligation to be satisfied, in whole or in part, by withholding from shares of Stock to be issued to the Optionee a number of shares of Stock to be issued or released by the transfer agent a number of shares of Stock with an aggregate Fair Market Value that would satisfy the withholding amount due; provided, however, that to the extent necessary to avoid adverse accounting treatment such share withholding may be limited to the minimum required tax withholding obligation.

			
	
			
				 8.
			Election Under Section 83(b).  The Grantee and the Company hereby agree that the Grantee may, within 30 days following the Grant Date of this Award, file with the Internal Revenue Service and the Company an election under Section 83(b) of the Internal Revenue Code.  In the event the Grantee makes such an election, he or she agrees to provide a copy of the election to the Company.  The Grantee acknowledges that he or she is responsible for obtaining the advice of his or her tax advisors with regard to the Section 83(b) election and that he or she is 

		 

		

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			Exhibit 10.2

		

		

			 

		

	relying solely on such advisors and not on any statements or representations of the Company or any of its agents with regard to such election.

			
	
			
				 9.
			No Obligation to Continue Employment.  Neither the Company nor any Subsidiary is obligated by or as a result of the Plan or this Agreement to continue the Grantee in employment and neither the Plan nor this Agreement shall interfere in any way with the right of the Company or any Subsidiary to terminate the employment of the Grantee at any time.

			
	
			
				 10.
			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.

			
	
			
				 11.
			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.

			
	
			
				 12.
			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 

		 

		

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			Exhibit 10.2

		

		

			 

		

	with the Company or, in either case, at such other address as one party may subsequently furnish to the other party in writing.

		
			HARBORONE 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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