Document:

Form of Employment Severance Agreement

 Exhibit 10.1 
 EMPLOYMENT SEVERANCE AGREEMENT 
 This Employment Severance Agreement (the
“Agreement”) is made and entered into effective as of November     , 2011 (the “Effective Date”), by and between             (the
“Employee”) and TranS1 Inc. (the “Company”). 
 R E C I T A L S 

A. The Company and the Employee have entered into that employment letter agreement dated
                    , and that Proprietary Information Agreement dated
                    (the “Existing Agreements”). 
 B. The Board of Directors of the Company (the “Board”) believes the Company should provide the Employee with certain severance benefits should the Employee’s employment with the Company
terminate under certain circumstances, such benefits to provide the Employee with enhanced financial security and sufficient incentive and encouragement to remain with the Company. 

C. Certain capitalized terms used in the Agreement are defined in Section 4 below. 

AGREEMENT 

In consideration of the mutual covenants herein contained, and in consideration of the continuing employment of the Employee by the
Company, the parties agree as follows: 
 1. At-Will Employment. The Company and the Employee acknowledge that the
Employee’s employment is and shall continue to be at-will, as defined under applicable law. If the Employee’s employment terminates for any reason, the Employee shall not be entitled to any payments, benefits, damages, awards or
compensation other than as provided by this Agreement, or as may otherwise be available in accordance with the Company’s established employee plans and practices or in accordance with other agreements between the Company and the Employee.

 2. Severance and Change of Control Benefits. 

(a) Benefits upon Termination in Connection with a Change of Control. If, on or within twelve (12) months after a Change of
Control, the Employee’s employment terminates as a result of an Involuntary Termination or a Resignation For Good Reason, and the Employee signs, complies with and does not revoke a Release of Claims, then the Employee shall receive the
following severance benefits: 
 (i) the Employee will receive during the twelve (12) month period immediately following
the date of the Involuntary Termination or the Resignation For Good Reason, as applicable (the “Severance Period”), a guarantee of salary continuation equal to the Employee’s monthly portion of Base Compensation on the date of
termination, less applicable withholdings, as well as continuation of medical and dental benefits pursuant to Company policies; provided, however, the continuation of the Employee’s salary and such benefits will be offset by the
amount of 

 
any compensation and such benefits the Employee receives during the Severance Period from the Company or another employer or as an independent contractor, which other compensation amount shall
not include compensation for serving on other company’s board of directors or committees thereof; and 
 (ii) (A) the
Employee will vest in and have the right to exercise all of the Employee’s outstanding options, restricted stock units, and stock appreciation rights that were otherwise unvested as of the date of such Involuntary Termination or Resignation For
Good Reason, and (B) all of the Company’s rights to repurchase the Employee’s unvested options, restricted stock units, or stock appreciation rights from the Employee shall lapse as to that number of shares in which such repurchase
rights have yet to lapse. 
 Provided, further, in the event of a Change of Control, irrespective of the
Employee’s employment status with the Company, one hundred percent (100%) of the Employee’s unvested options, restricted stock units, and stock appreciation rights shall vest upon the twelve (12) month anniversary of such Change
of Control. 
 (b) Voluntary Resignation; Termination for Cause. If the Employee’s employment with the Company
terminates other than as a result of an Involuntary Termination or Resignation For Good Reason, then the Employee will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the
Company’s then existing severance and benefits plans and practices or pursuant to other written agreements with the Company. 
 (c) Disability; Death. If the Company terminates the Employee’s employment as a result of the Employee’s Disability, or the Employee’s employment terminates due to the
Employee’s death, then the Employee will not be entitled to receive severance or other benefits except for those (if any) as may then be established under the Company’s then existing written severance and benefits plans and practices or
pursuant to other written agreements with the Company. 
 (d) Miscellaneous. Upon the termination of the Employee’s
employment for any reason, (i) the Company shall pay the Employee any unpaid base salary due for periods prior to the termination date; (ii) the Company shall pay the Employee all of the Employee’s accrued and unused vacation through
the termination date; and (iii) following submission of proper expense reports by the Employee, the Company shall reimburse the Employee for all expenses reasonably and necessarily incurred by the Employee in connection with the business of the
Company prior to the termination date. These payments shall be made promptly upon termination and within the period of time mandated by applicable law. 
 3. Limitations on Payments. 
 (a) Code Section 409A.

 (i) Notwithstanding anything to the contrary in this Agreement, if 

  
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the Employee is a “specified employee” within the meaning of Section 409A at the time of the Employee’s termination (other than due to death), then the severance payable to
the Employee, if any, pursuant to this Agreement, together with any other severance payments or separation benefits that are considered deferred compensation under Section 409A (together, the “Deferred Compensation Separation
Benefits”), that are payable within the first six (6) months following the Employee’s termination of employment will become payable on the first payroll date that occurs on or after the date six (6) months and one (1) day
following the date of the Employee’s termination of employment. All subsequent Deferred Compensation Separation Benefits, if any, will be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding
anything herein to the contrary, if the Employee dies following the Employee’s termination but prior to the six (6) month anniversary of the Employee’s termination, then any payments delayed in accordance with this paragraph will be
payable in a lump sum as soon as administratively practicable after the date of the Employee’s death and all other Deferred Compensation Separation Benefits will be payable in accordance with the payment schedule applicable to each payment or
benefit. Each payment and benefit payable under this Agreement is intended to constitute separate payments for purposes of Section 1.409A-2(b)(2) of the Treasury Regulations. 

(ii) Any amount paid under this Agreement that satisfies the requirements of the “short-term deferral” rule set forth in
Section 1.409A-1(b)(4) of the Treasury Regulations shall not constitute Deferred Compensation Separation Benefits for purposes of clause (i) above. 
 (iii) Any amount paid under this Agreement that qualifies as a payment made as a result of an involuntary separation from service pursuant to Section 1.409A-1(b)(9)(iii) of the Treasury Regulations
that do not exceed the Section 409A Limit shall not constitute Deferred Compensation Separation Benefits for purposes of clause (i) above. For purposes of this Agreement, “Section 409A Limit” shall mean the lesser of two
(2) times: (i) the Employee’s annualized compensation based upon the annual rate of pay paid to the Employee during the Company’s taxable year preceding the Company’s taxable year of the Employee’s termination of
employment as determined under Treasury Regulation 1.409A-1(b)(9)(iii)(A)(1) and any Internal Revenue Service guidance issued with respect thereto; or (ii) the maximum amount that may be taken into account under a qualified plan pursuant to
Section 401(a)(17) of the Code for the year in which the Employee’s employment is terminated. 
 (iv) The foregoing
provisions are intended to comply with the requirements of Section 409A so that none of the severance payments and benefits to be provided hereunder will be subject to the additional tax imposed under Section 409A, and any ambiguities
herein will be interpreted to so comply. The Company and the Employee agree to work together in good faith to consider amendments to this Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition
of any additional tax or income recognition prior to actual payment to the Employee under Section 409A. 
 (b) Code
Section 280G. In the event that the severance and other benefits provided for in this Agreement or otherwise payable to the Employee (i) constitute “parachute 

  
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payments” within the meaning of Section 280G of the Code and (ii) but for this Section 3(b), would be subject to the excise tax imposed by Section 4999 of the Code, then
the Employee’s benefits under Section 2 of this Agreement shall be either: 
 (i) delivered in full, or 

(ii) delivered as to such lesser extent which would result in no portion of such severance and other benefits being subject to excise
tax under Section 4999 of the Code, 
 whichever of the foregoing amounts, taking into account the applicable federal, state and local
income taxes and the excise tax imposed by Section 4999 of the Code, results in the receipt by the Employee on an after-tax basis, of the greatest amount of severance benefits, notwithstanding that all or some portion of such severance benefits
may be taxable under Section 4999 of the Code. Unless the Company and the Employee otherwise agree in writing, any determination required under this Section 3(b) shall be made in writing by the Company’s independent public accountants
immediately prior to the Change of Control (the “Accountants”), whose determination shall be conclusive and binding upon the Employee and the Company for all purposes. For purposes of making the calculations required by this
Section 3(b), the Accountants may make reasonable assumptions and approximations concerning applicable taxes and may rely on reasonable, good faith interpretations concerning the application of Sections 280G and 4999 of the Code. The Company
and the Employee shall furnish to the Accountants such information and documents as the Accountants may reasonably request in order to make a determination under this Section 3(b). The Company shall bear all costs the Accountants may reasonably
incur in connection with any calculations contemplated by this Section 3(b). 
 4. Definition of Terms. The
following terms referred to in this Agreement shall have the following meanings: 
 (a) Base Compensation. “Base
Compensation” means the Employee’s annual base salary paid by the Company for services performed as in effect on the termination date. 

  
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 (b) Cause. “Cause” means: 

(i) The Employee’s continued intentional and demonstrable failure to perform his or her duties customarily associated with the
Employee’s position as an employee of the Company or its respective successors or assigns, as applicable (other than any such failure resulting from the Employee’s mental or physical Disability) after the Employee has received a written
demand of performance from the Company which specifically sets forth the factual basis for the Company’s belief that the Employee has not devoted sufficient time and effort to the performance of his or her duties and has failed to cure such
non-performance within thirty (30) days after receiving such notice (it being understood that if the Employee is in good faith performing his or her duties, but is not achieving results the Company deems satisfactory for the Employee’s
position, it will not be considered to be grounds for termination of the Employee for “Cause”); 
 (ii) The
Employee’s conviction of, or plea of nolo contendere to, a felony that the Board reasonably believes has had or will have a material detrimental effect on the Company’s reputation or business; or 

(iii) The Employee’s commission of an act of fraud, embezzlement, misappropriation, willful misconduct, or breach of fiduciary duty
against, and causing material harm to, the Company or its respective successors or assigns, as applicable. 
 The Employee will
receive notice and an opportunity to be heard before the Board with the Employee’s own attorney before any termination for Cause is deemed effective. Notwithstanding anything to the contrary, the Board may immediately place the Employee on
administrative leave (with full pay and benefits to the extent legally permissible) but will allow reasonable access to Company information, employees and business should the Employee wish to avail himself and prepare for his or her opportunity to
be heard before the Board prior to the Board’s termination for Cause. If the Employee avails himself or herself of the Employee’s opportunity to be heard before the Board, and then fails to make himself or herself available to the Board
within thirty (30) days of such request to be heard, the Board may thereafter cancel the administrative leave and terminate the Employee for Cause. Likewise, if the Board fails to make itself available to the Employee and his or her counsel
within thirty (30) days of the Employee’s request to be heard, Employee will be entitled to terminate his or her employment with the Company and such termination will be treated as a resignation by Employee for Involuntary Termination.

 (c) Change of Control. “Change of Control” means (A) the acquisition of the Company by another entity
by means of any transaction or series of related transactions (including, without limitation, any merger, consolidation or other form of reorganization in which outstanding shares of the Company are exchanged for securities or other consideration
issued, or caused to be issued, by the acquiring entity or its subsidiary, but excluding any transaction effected primarily for the purpose of changing the Company’s jurisdiction of incorporation), unless the Company’s stockholders
of record as constituted immediately prior to such transaction or series of related transactions will, immediately after such transaction or series of related transactions hold at least a majority of the voting power of the surviving or acquiring
entity, except that any change in the ownership of the stock of the Company as a result of a public or private financing of the Company that is approved by the Board will not be considered a Change of Control, or (B) a sale, lease, transfer or
other disposition of all or substantially all of the assets of the Company. 

  
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 Notwithstanding the foregoing provisions of this definition, a transaction will not be
deemed a Change of Control unless the transaction qualifies as a change in control event within the meaning of Section 409A. 
 (d) Disability. “Disability” means the Employee has been unable to perform his or her Company duties as the result of his or her incapacity due to physical or mental illness, and such
inability, at least twenty-six (26) weeks after its commencement or 180 days in any consecutive twelve (12) month period, is determined to be total and permanent by a physician selected by the Company or its insurers and acceptable to the
Employee or the Employee’s legal representative (such agreement as to acceptability not to be unreasonably withheld). Termination resulting from Disability may only be effected after at least thirty (30) days’ written notice by the
Company of its intention to terminate the Employee’s employment. In the event that the Employee resumes the performance of substantially all of his or her duties hereunder before the termination of his or her employment becomes effective, the
notice of intent to terminate will automatically be deemed to have been revoked. 
 (e) Involuntary Termination.
“Involuntary Termination” means termination of the Employee’s employment, without the Employee’s consent, by the Company for any reason other than Cause. 
 (f) Release of Claims. “Release of Claims” shall mean a waiver by the Employee, in a form satisfactory to the Company, of all employment-related obligations of and claims and causes of
action against the Company, and a non-disparagement agreement by the Employee in a form satisfactory to the Company. 
 (g)
Resignation for Good Reason. “Resignation for Good Reason” shall mean a resignation by Employee following a Change of Control and following the occurrence of one of the following: 

(i) a material reduction in the Employee’s salary; 
 (ii) a material reduction in the Employee’s duties, responsibilities or authority; or 
 (iii) a change of fifty (50) miles or more of the geographic location at which the Employee must primarily perform services for the Company; provided, however, if the Employee is asked to work in
Wilmington, North Carolina or Raleigh, North Carolina, this Section 4(g)(iii) shall not apply. 
 Any purported Resignation
for Good Reason pursuant to Section 4(g)(i) through (g)(iii) above will not be effective until the Employee has delivered to the Company, within sixty (60) days of the initial existence of the Good Reason condition, a written explanation
that describes the basis for the Employee’s belief that the Employee should be permitted to terminate the Employee’s 

  
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employment and have it treated as a Resignatioin for Good Reason and the Company has been given thirty (30) days following delivery of such notice to cure any curable violation. In no
instance will a resignation by Employee be deemed to be a Resignation for Good Reason if it is made more than twelve (12) months following the initial existence of one or more of the conditions that constitute Good Reason hereunder. 

5. Successors. 
 (a) Company’s Successors. Any successor to the Company (whether direct or indirect and whether by purchase, lease, merger, consolidation, liquidation or otherwise) to all or substantially all
of the Company’s business and/or assets shall assume the obligations under this Agreement and agree expressly to perform the obligations under this Agreement in the same manner and to the same extent as the Company would be required to perform
such obligations in the absence of a succession. For all purposes under this Agreement, the term “Company” shall include any successor to the Company’s business and/or assets which executes and delivers the assumption agreement
pursuant to this Section 5(a) or which becomes bound by the terms of this Agreement by operation of law. 
 (b)
Employee’s Successors. The terms of this Agreement and all rights of the Employee hereunder shall inure to the benefit of, and be enforceable by, the Employee’s personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. 
 6. Notice. 

(a) General. Notices and all other communications contemplated by this Agreement shall be in writing and shall be deemed to have
been duly given when personally delivered or when mailed by U.S. registered or certified mail, return receipt requested and postage prepaid. In the case of the Employee, mailed notices shall be addressed to the Employee at the home address that the
Employee most recently communicated to the Company in writing. In the case of the Company, mailed notices shall be addressed to its corporate headquarters, and all notices shall be directed to the attention of its Chief Executive Officer or the
Director of Human Resources. 
 (b) Notice of Termination. Any termination by the Company for Cause or by the Employee
as a result of a voluntary resignation or an Involuntary Termination shall be communicated by a notice of termination to the other party hereto given in accordance with Section 6(a) of this Agreement. Such notice shall indicate the specific
termination provision in this Agreement relied upon, shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination under the provision so indicated, and shall specify the termination date (which shall be
not more than thirty (30) days after the giving of such notice). The failure by the Employee to include in the notice any fact or circumstance which contributes to a showing of Involuntary Termination shall not waive any right of the Employee
hereunder or preclude the Employee from asserting such fact or circumstance in enforcing the Employee’s rights hereunder. 

  
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 7. Term and Termination. The term of this Agreement shall be one (1) year from
the Effective Date; provided, however, that this Agreement shall automatically renew for successive one (1) year periods unless either party gives the other party notice, at least sixty (60) days in advance of the next renewal date, of
such party’s intent that this Agreement terminate effective as of such next renewal date, in which case the Agreement shall terminate as of such next renewal date; provided, however, in the event a Change of Control that precedes
the effective date of any such termination of this Agreement, the term of this Agreement shall extend at least until the one (1) year anniversary of such Change of Control. Notwithstanding the foregoing, if the Employee becomes entitled to
benefits pursuant to Sections 2(a) or 2(b) of this Agreement, this Agreement will not terminate until, but will terminate at, such time that all of the obligations of the parties hereto with respect to this Agreement have been satisfied. 

8. Miscellaneous Provisions. 
 (a) No Duty to Mitigate. The Employee shall not be required to mitigate the amount of any payment contemplated by this Agreement, nor shall any such payment be reduced by any earnings that the
Employee may receive from any other source. 
 (b) Waiver and Amendment. No provision of this Agreement shall be
modified, amended, waived or discharged unless the modification, amendment, waiver or discharge is agreed to in writing and signed by the Employee and by an authorized officer of the Company (other than the Employee). No waiver by either party of
any breach of, or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 

(c) Whole Agreement. No agreements, representations or understandings (whether oral or written and whether express or implied)
which are not expressly set forth in this Agreement or in the Existing Agreements have been made or entered into by either party with respect to the subject matter hereof. 
 (d) Severance Provisions in Other Agreements. The Employee acknowledges and agrees that the severance provisions set forth in this Agreement shall supersede any such provisions in any other
agreement entered into between the Employee and the Company. 
 (e) Choice of Law. The validity, interpretation,
construction and performance of this Agreement shall be governed by the laws of the State of North Carolina. 
 (f)
Severability. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision hereof, which shall remain in full force and effect. 

(g) No Assignment of Benefits. The rights of any person to payments or benefits under this Agreement shall not be made subject to
option or assignment, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or other creditor’s process, and any action in violation of this Section 8(g)
shall be void. 

  
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 (h) Withholding. All payments made pursuant to this Agreement will be subject to
withholding of applicable income, employment and other taxes. 
 (i) Assignment by Company. The Company may assign its
rights under this Agreement to an affiliate, and an affiliate may assign its rights under this Agreement to another affiliate of the Company or to the Company; provided, however, that no assignment shall be made if the net worth of the
assignee is less than the net worth of the Company at the time of assignment. In the case of any such assignment, the term “Company” when used in a Section of this Agreement shall mean the corporation that actually employs the Employee.

 (j) Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, but all
of which together will constitute one and the same instrument. 
 [Signature Page to Follow] 

  
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 IN WITNESS WHEREOF, each of the parties has executed this Agreement, in the case of the
Company by its duly authorized officer, as of the day and year first above written. 
  

					
	 COMPANY:
	 	TRANS1 INC.
			
		 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

			
	 EMPLOYEE:
	 	By:	 	  

		 	Name:	 	  

		 	Title:	 	  

  
 -10-Form of Restricted Stock Agreement for Employees

 Exhibit 10.32 
 Stock Award Letter - Employee 
  

	 	Re:	Restricted Stock Award Pursuant to Bryn Mawr Bank Corporation’s 2010 Long Term Incentive Plan 

Dear : 
 On (Grant
date), the Compensation Committee of the Board of Directors of Bryn Mawr Bank Corporation (the “Corporation”) granted you (XXXX) shares of its common stock subject to the restrictions and risk of forfeiture set forth
in the enclosed Restricted Stock Agreement (the “Agreement”). This letter is not a definitive description of the precise terms of your agreement. For a complete statement of the terms of your agreement, you should refer to the agreement
itself and the Corporation’s 2010 Long Term Incentive Plan. 
 The Corporation will issue a certificate or create a book
entry in your name for the restricted shares which will be held in escrow and with dividends accruing to your benefit. The certificate will bear a restrictive legend restricting transfers of the shares. You will have all of the customary rights of
the shareholder, including the right to vote. When the shares vest, that is when the restricted period lapses, and the performance goals are achieved the restrictive legend will be removed and the certificate will be delivered to you. At the time of
the delivery of the restricted shares, the Corporation will also pay to you an amount equal to the aggregate amount of all dividends paid by the Corporation between (Grant date) and the date of delivery with respect to the number of
restricted shares delivered, less an amount equal to the Corporation’s federal, state and local or other income and employment tax withholding obligations with respect to the income recognized by you as a result of such payment. 

The restrictive period is three years, ending on (vesting date) and the performance goals are set forth in your agreement.
A current TSR calculation for Bryn Mawr Bank Corporation can be obtained at the Peer Tracker website for Bryn Mawr Bank Corporation, http://www.radford.com/relativeTsr/bmtc_8_23_2010/index.asp, by clicking on “20xx
Grant.” 
 If you voluntarily terminate your employment with the Corporation or its subsidiaries or the Corporation or its
subsidiary terminates your employment, with or without cause, any restricted stock subject to the restricted period and achievement of performance goals shall be automatically forfeited and transferred to the Corporation at no cost to the
Corporation. There 

  
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are also special provisions in the event your employment with the Corporation or its subsidiaries terminates due to death, disability, retirement or a change of control. 

Please sign the enclosed copy of the Restricted Stock Agreement where indicated on the last page thereof and return it to the Secretary
of the Corporation. The original option agreement is for your records. 
 After you return the executed Restricted Stock
Agreement to the Secretary, and subject to the terms of the Restricted Stock Agreement and the Plan, the Corporation will issue the restricted shares or create the book entry to be held in escrow. 

If there is any change in the capital stock of the Corporation through stock dividends, stock splits, recapitalization or otherwise, the
Compensation Committee may make such adjustments to the number of shares subject to the Restricted Stock Agreement to prevent any dilution or enlargement of your rights. 
 The Corporation has been advised that, unless you make a Section 83(b) election (described below), restricted stock will not be taxed when issued or credited to you, but will be taxed on the date
that the restricted stock becomes transferable or is no longer subject to a substantial risk of forfeiture, whichever date is earlier. Generally, that will be the date on which the restricted stock vests as provided in your agreement. On that date,
the fair market value of the stock constitutes W-2 wages and is subject to ordinary income, Social Security and Medicare taxes. The Agreement provides that appropriate arrangements must be made by you for withholding of any applicable federal, state
and local taxes. The Corporation may withhold restricted stock or sell restricted stock for your account to satisfy the required taxes. 
 Any dividends paid to you when the restricted stock is delivered to you will also be considered ordinary income to you. 
 If and when you sell the restricted stock after the applicable restricted period expires, your basis in the restricted stock will be the amount treated as taxable income. 

Under Section 83(b) of the Internal Revenue Code, you may elect to include in your taxable income the fair market value of the
restricted stock when issued, rather than at the date the applicable restricted period expires. Under that election, you must pay applicable taxes in the year of issuance, not the year the applicable restricted period expires. You must file any such
election with the Internal Revenue Service no later than thirty (30) days after the date you sign the Restricted Stock Agreement. If you forfeit the restricted stock or if the stock declines in value, you cannot recover the taxes paid under
this election. If you make a Section 83(b) election, you will be required to deposit with the Corporation an amount in cash necessary to satisfy required taxes. Whether to make the Section 83(b) is your responsibility. You should consult
your tax advisor regarding the election and all other tax aspects associated with the Agreement. 
 By signing this letter, you
acknowledge that you have received a copy of the Prospectus for the Bryn Mawr Bank Corporation 2010 Long Term Incentive Plan and that you have previously been furnished with a copy of the Corporation’s most recent Annual Report to its

  
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shareholders. If you need another copy of the Prospectus or the Annual Report, please advise the Secretary of the Corporation. 

Please sign a copy of this letter, where indicated below, and return the enclosed copy of this letter to the Corporation’s
secretary. The original letter is for your records. 
 If you have any questions or desire any additional information, please
contact me. 
  

					
	 	 	 	 	Sincerely,
			
		 		 	Bryn Mawr Bank Corporation
		 		 	Board of Directors Compensation Committee
	Enclosures	 		 	
	Accepted and Agreed to	 		 	
	By the Undersigned	 		 	
			
	  
	 		 	
	Signature of Grantee	 		 	
			
	Date:             , 20xx	 		 	

  
 3 

 BRYN MAWR BANK CORPORATION 

RESTRICTED STOCK AGREEMENT FOR EMPLOYEES 
 (SERVICE/PERFORMANCE BASED) 
 SUBJECT TO THE 2010 LONG TERM INCENTIVE PLAN

  

			
	Grantee:	  	
		
	Date of Grant:	  	
		
	Number of Shares:	  	
		
	Restricted Period:	  	
		
	Performance Goal:	  	The Corporation’s total shareholder return relative to the total shareholder return of the NASDAQ Community Bank Index as calculated according to Exhibit A
hereto

 AGREEMENT, dated as of the Date of Grant set forth above by and between BRYN MAWR BANK CORPORATION
(the “Corporation”) and the Grantee named above (the “Grantee”). 
 1. The Plan. This Agreement
is subject to the terms and conditions of the Bryn Mawr Bank Corporation 2010 Long Term Incentive Plan (the “Plan”) as approved by the Board of Directors of the Corporation on February 26, 2010 and by the Corporation’s
shareholders on April 28, 2010. Except as otherwise specified herein, all capitalized terms used in this Agreement shall have the meanings given to them in the Plan. The term “Corporation” as used in this Agreement with reference to
employment shall include employment with any Subsidiary of the Corporation. 
 2. Grant of Restricted Stock. 

a. Subject to the terms and conditions of the Plan and this Agreement, the Corporation’s Compensation Committee (“Compensation
Committee”) hereby grants to the Grantee the number of shares of its Common Stock set forth above (the “Restricted Stock”). 
 b. Upon execution of this Agreement by the Grantee, the Corporation will cause the issuance of the Restricted Stock to Grantee subject to the terms and conditions of this Agreement and the Plan.
Restricted Stock (and any dividends earned thereon) will be held by the secretary of the Corporation as escrow agent (“Escrow Agent”). The certificate or certificates representing such shares of Restricted Stock (and any dividends earned
thereon) will not be delivered by the Escrow Agent to the Grantee unless and until the shares of Restricted Stock are vested and all other terms and conditions in this Agreement have been satisfied. The Escrow Agent may, in its discretion, elect to
enter into alternative arrangements for the escrow of the shares of Restricted Stock if, in the Escrow Agent’s discretion, such shares are issued in book entry form. 
 c. The certificate or certificates representing the Restricted Stock will contain the following legend: “This certificate and the shares of stock represented hereby are subject to the terms and
conditions (including forfeiture and restrictions against transfer) set forth in the Bryn Mawr Bank Corporation 2010 Long Term Incentive Plan and an agreement entered into between the registered owner and the Bryn Mawr Bank Corporation. Release from
such terms and conditions will be made only in accordance with the provisions of the Plan and the Agreement, a copy of each of which is on file with the office of the corporate secretary of Bryn Mawr Bank Corporation.” 

d. If a book entry system is used with respect to the issuance of Restricted Stock, appropriate notations of forfeiture possibility and
transfer restrictions will be made on the system with respect to the account or accounts to which the Restricted Stock are credited. 

  
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 e. Upon vesting of the Restricted Stock and satisfaction of all of the other terms and
conditions in this Agreement, the Corporation will cause replacement stock certificate(s) without the restrictive legend referred to in subsection 2. c. above to be issued and delivered to Grantee as soon as practicable. 

3. Terms and Conditions. The Grant is subject to the following terms and conditions: 

a. Restricted (Vesting) Period. The period of time during which the transfer of shares of Restricted Stock is restricted is from
the Date of Grant to (vesting date) (the “Restricted Period”) The time period restriction will lapse and Restricted Stock will vest upon expiration of the applicable Restricted Period and achievement of the Performance Goals
as defined in subsection 3. b., but only if the Grantee remains continuously employed by the Corporation through the end of the applicable Restricted Period or as otherwise provided herein. 

b. Performance Goals. The Restricted Stock is issued subject to the performance goals (“Performance Goals”) set forth
on Exhibit A and shall only vest if the Performance Goals are achieved and the timing restrictions set forth in subsection 3. a. have lapsed. The Compensation Committee shall determine whether the performance goals have been achieved in accordance
with Exhibit A attached hereto. The Compensation Committee shall determine within 75 days after (vesting date) whether the Performance Goals have been achieved in accordance with Exhibit A attached hereto. Any fractional shares shall
be rounded to the nearest whole numbers of shares. No vesting shall be deemed to occur unless and until the Compensation Committee certifies in writing which Performance Goals have been achieved. The Compensation Committee shall make such
certification no later than 75 days after (vesting date). The date on which the Compensation Committee certifies whether a Performance Goal has been achieved that results in the vesting of some or all of the Restricted Stock referred
to in this Agreement as the “Vesting Date”. 
 c. Prohibition Against Sale, Assignment, Etc. Unvested
Restricted Stock may not be sold, assigned or transferred, except by Will or by the laws of descent and distribution, and may not be pledged, hypothecated or otherwise encumbered. 

d. Rights as a Shareholder. Grantee will have all of the rights and privileges of a shareholder with respect to the Restricted
Stock including, but not limited to, the right to vote the Restricted Stock. 
 e. Dividends. At the time of delivery of
the Restricted Stock pursuant to paragraph 2. e. above, the Corporation shall also pay to Grantee an amount equal to the aggregate amount of all dividends paid by the Corporation between (grant date) and the date of such delivery with
respect to the number of shares of Restricted Stock so delivered or issued, less an amount equal to the Corporation’s federal, state and local or other income and employment tax withholding obligations with respect to the income recognized by
the Grantee as a result of such payment. The computation set forth in this subparagraph is separate and distinct from the calculation of Relative Total Shareholder Return set forth on Exhibit “A” hereto and the concept of accumulated
shares has no applicability to the calculation of the amount of dividends to be paid by the Corporation pursuant to this subparagraph. 
 4. Forfeiture. 
 a. Forfeiture. All Restricted Stock that has not
vested at the Vesting Date in accordance with subsections 3. a. and 3. b. and Exhibit A attached hereto shall be forfeited in their entirety and automatically transferred to and reacquired by the Corporation at no cost to the Corporation. Grantee
hereby appoints the Escrow Agent as Grantee’s attorney-in-fact with irrevocable power and authority to take any action and execute all documents, including stock powers, which may be necessary to transfer the unvested Restricted Stock to the
Corporation upon determination of forfeiture. 
 b. Forfeiture of Unvested Restricted Stock and Payment to the Corporation
for Vested Restricted Stock If Grantee Engages in Certain Activities. The provisions of this subsection 4. b. will apply to all Restricted Stock granted to Grantee under the Plan. If, at any time during the Restricted Period, or (ii) two
(2) years after termination of, or leaving, Grantee’s employment with the Corporation, Grantee engages in any activity inimical, contrary or harmful to the interests of the Corporation including, but not limited to (A) conduct related
to Grantee’s employment for which either criminal or civil penalties against Grantee may be brought, (B) violation of the Corporation’s policies including, without limitation, the Corporation’s insider trading policy,
(C) soliciting of 

  
 5 

 
any customer of the Corporation for business which would result in such customer terminating their relationship with the Corporation; soliciting or inducing any individual who is an employee or
director of the Corporation to leave the Corporation or otherwise terminate their relationship with the Corporation, (D) disclosing or using any confidential information or material concerning the Corporation, or (E) participating in a
hostile takeover attempt, then (x) all shares of Restricted Stock that have not vested effective as of the date on which Grantee engages in such activity, unless terminated sooner by operation of another term or condition of this Agreement or
the Plan, shall be forfeited in their entirety and automatically transferred to and acquired by the Corporation at no cost to the Corporation, and (y) for any Restricted Stock which has vested and been delivered to Grantee, the Grantee shall
pay to the Corporation the market value of the Restricted Stock on the date of the grant or the day Grantee engages in such activity, whichever is greater. The term “confidential information” as used in this Agreement includes, but is not
limited to, records, lists, and knowledge of the Corporation’s clients, methods of operation, processes, trade secrets, methods of determination of prices, prices or fees, financial condition, profits, sales, net income, and indebtedness, as
the same may exist from time to time. 
 c. Right of Setoff. By accepting this Agreement, Grantee consents to the
deduction, to the extent permitted by law, from any amounts that the Corporation owes Grantee from time to time (including amounts owed to Grantee as wages or other compensation, fringe benefits, or paid time-off pay, as well as any other amounts
owed to Grantee by the Corporation), the amounts Grantee owes the Corporation under subsection b. above. Whether or not the Corporation elects to make any setoff in whole or in part, if the Corporation does not recover by means of setoff the full
amount Grantee owes it, calculated as set forth above, Grantee agrees to immediately pay the unpaid balance to the Corporation. 
 d. Compensation Committee Discretion. Grantee may be released from Grantee’s obligations under subsections b. and c. of this section 4 only if the Compensation Committee, or its duly
appointed agent, determines in its sole discretion that such action is in the best interest of the Corporation. 
 5. Death,
Disability or Retirement. In the event the Grantee shall cease to be an employee by reason of: normal or late retirement; with the consent of the Compensation Committee, early retirement or a transfer of the Grantee in a spinoff; or death; or
total and permanent disability as determined by the Compensation Committee, then the time restrictions on a fraction of Grantee’s outstanding Restricted Stock will lapse. The numerator of such fraction with respect to the Restricted Stock shall
be the number of full calendar months that have elapsed in the Restricted Period prior to the death, disability or retirement of the Grantee and the denominator shall be the number of months in the Restricted Period. All Restricted Stock for which
the time restrictions have not lapsed as provided in this section 5 shall be forfeited and automatically transferred to and reacquired by the Corporation at no cost to the Corporation. The terms of section 2. b. above and Exhibit A (including the
requirement for certification by the Compensation Committee) shall continue to apply to the Restricted Stock for which the time restrictions have lapsed as provided in this section 5. 

6. Termination. If the Grantee terminates the Grantee’s employment or if the Corporation terminates the Grantee’s
employment with or without Cause, any shares of Restricted Stock subject to a Restricted Period or a Performance Goal shall automatically be forfeited and transferred to and reacquired by the Corporation at no cost to the Corporation. 

7. Change of Control. In the event of a Change in Control: 

a. In the event of a Change of Control, restrictions on a fraction of Grantee’s outstanding Restricted Stock will lapse and all
Performance Goals shall be deemed to have been achieved and any Restricted Stock not previously distributed shall be distributed within ten days after the Change of Control. The numerator of such fraction shall be the number of months that have
elapsed in the Restricted Period prior to the Change in Control and the denominator shall be the number of months in the Restricted Period. Any Restricted Stock for which the Restricted Period has not lapsed as provided in this section 7 shall be
forfeited and automatically transferred to and reacquired by the Corporation at no cost to Corporation. 
 8. Change
Adjustments. The Compensation Committee shall make appropriate adjustments to give effect to adjustments made in the number of shares of the Corporation’s common stock through a merger, consolidation, recapitalization, reclassification,
combination, spinoff, common stock dividend, stock split or other 

  
 6 

 
relevant change as the Compensation Committee deems appropriate to prevent dilution or enlargement of the rights of the Grantee. Any adjustments or substitutions pursuant to this section shall
meet the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and shall be final and binding upon the Grantee. 
 9. Compliance with Law and Regulations. The grant of shares of Restricted Stock shall be subject to all applicable federal and state laws, the rules and regulations and to such approvals by any
government or regulatory agency as may be required. The Corporation shall not be required to register any securities pursuant to the Securities Act of 1933, as amended, or to list such shares under the Stock Exchange in which the common shares of
the Corporation may then be listed, or to take any other affirmative action in order to cause the issuance or delivery of the Restricted Stock to comply with any law or regulation of any governmental authority. 

10. Notice. Any notice which either party hereto may be required or permitted to give to the other shall be in writing, and may be
delivered personally or by mail, postage prepaid, addressed as follows: to the Corporation, Attention: Corporate Secretary, at its office at 801 Lancaster Avenue, Bryn Mawr, PA 19010 or to the Grantee at her/his address on the records of the
Corporation or at such other addresses as the Corporation, or Grantee, may designate in writing from time to time to the other party hereto. 
 11. Employment. Neither the action of the Corporation or the shareholders, nor any action taken by the Compensation Committee under the Plan nor any provisions of this Agreement shall be construed
as giving to the Grantee the right to be retained as an employee of the Corporation. 
 12. Payment of Taxes. The
Corporation may require, as a condition precedent to the issuance of Restricted Stock or the release from the escrow established under section 2 above, that appropriate arrangements be made for the withholding of any applicable federal, state and
local taxes of any kind required by law to be withheld with respect to any grant or any issuance or release from escrow of Restricted Shares. The Corporation and any of its subsidiaries including, without limitation, The Bryn Mawr Trust Company, to
the extent permitted or required by law, shall have the right to deduct from any payment of any kind (including retainer or director fees) otherwise due to an Grantee any federal, state or local taxes of any kind required by law to be withheld with
respect to any Restricted Stock or dividends thereon under the Plan, or to retain or sell, without notice, a sufficient number of the Restricted Stock to be delivered to such Grantee to cover any such taxes, provided that the Corporation shall not
sell any Restricted Stock if such sale would be considered a sale for purposes of Section 16 of the Securities Exchange Act of 1934, as amended. 
 13. Incorporation by Reference. This Restricted Stock Award is granted pursuant and subject to the terms and conditions of the Plan, the provisions of which are incorporated herein by reference. If
any provision of this Agreement conflicts with any provision of the Plan in effect on the Date of Grant, the terms of the Plan shall control. This Agreement shall not be modified after the Date of Grant except by written agreement between the
Corporation and the Grantee; provided, however, that such modification shall (a) not be inconsistent with the Plan, and (b) be approved by the Committee. 
 14. Severability. If any one or more of the provisions contained in this Agreement are invalid, illegal or unenforceable, the other provisions of this Agreement will be construed and enforced as if
the invalid, illegal or unenforceable provision had never been included. 
 15. Compliance with Internal Revenue Code
Section 409A. It is the intention of the parties that the Restricted Stock and the Agreement comply with the provisions of Section 409A of the Code to the extent, if any, that such provisions are applicable to the Agreement and the
Agreement will be administered by the Compensation Committee in a manner consistent with this intent. If any payments or benefits may be subject to taxation under Section 409A of the Code, Grantee agrees that the Compensation Committee may,
without the consent of Grantee, modify this Agreement to the extent and in the manner that the Compensation Committee deems necessary or advisable or take any other action or actions, including an amendment or action with retroactive effect that the
Compensation Committee determines is necessary or appropriate to exempt any payments or benefits from the application of Section 409A or to provide such payments or benefits in the manner that complies with the provisions of Section 409A
such that they will not be taxable thereunder. 

  
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 16. Section 83(b) Election. The Grantee acknowledges that an election under
Section 83(b) of the Code may be available to the Grantee for federal income tax purposes and that such election, if desired, must be made within thirty days of the date this Agreement is signed by Grantee. The Grantee acknowledges that whether
Grantee makes such election is the responsibility of the Grantee, and not the Corporation and that the Grantee should consult the Grantee’s tax advisor with respect to the election and all other tax aspects associated with this Agreement. The
Grantee may make the election as to any or all of the Restricted Stock. 
 17. Choice of Law. The provisions of this
Agreement shall be construed in accordance with the laws of the Commonwealth of Pennsylvania, without regard to the conflict of law provisions of any jurisdiction. 
 18. Interpretation. The interpretation and construction or any terms or conditions of the Plan or this Agreement by the Compensation Committee shall be final and conclusive. 

IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed by a duly authorized officer, and the Grantee has hereunto
set his/her hand and seal, effective as of the Date of Grant set forth above. 
  

			
	BRYN MAWR BANK CORPORATION
		
	By:	 	  

	Print Name:	 	  

	Print Title:	 	  

	
	  

	(Signature of Grantee)
	
	  

	(Print Name of Grantee)
	
	  

	(Address of Grantee)

  
 8 

 EXHIBIT A 
 TO RESTRICTED STOCK AGREEMENT DATED AS OF (Grant Date) 

All of the terms and conditions of the Restricted Stock Agreement dated as of (Grant date) to which this Exhibit is
attached are incorporated herein by reference. 
 Date of Grant: 
 Name of 
 Grantee: 
 Number of 
 Shares: 
 Calculation of Relative Total Shareholder Return 
 “Relative Total Shareholder
Return” means the Corporation’s TSR relative to the TSR of the NASDAQ Community Bank Index at the end of the Restricted Period based on the following formula: 
 Vesting Amount = 100% - (NASDAQ Community Bank Index TSR- Corporation’s TSR) x 3.33% 

Provided however, if the Corporation’s TSR is negative, no Restricted Stock will vest. If the Corporations TSR is greater than the NASDAQ Community
Bank Index TSR and greater than zero, one hundred percent of the Restricted Stock will vest. For every 100 basis points (1%) that the Corporation’s TSR is behind the NASDAQ Community Bank Index, the Vesting Amount is decreased by 3.33%.

 In the event that the NASDAQ Community Bank Index ceases to be published and if the Corporation’s TSR is positive, then the Corporation
shall be deemed to have outperformed the Index and 100% of the Restricted Stock will vest. 
 “TSR” means, for the Corporation,
the Corporation’s total shareholder return, which will be calculated by dividing (i) the Closing Average Share Value by (ii) the Opening Average Share Value. 
 Note: A current TSR calculation for Bryn Mawr Bank Corporation can be obtained at the Peer Tracker website for the Bryn Mawr Bank Corporation,
http://www.radford.com/relativeTsr/bmtc_8_23_2010/index.asp, by clicking on “20xx Grant.” 
 “Opening Average
Share Value” means the average, over the trading days in the Opening Average Period, of the closing price of a company’s stock multiplied by the Accumulated Shares for each trading day during the Opening Average Period. 

“Opening Average Period” means the 20 trading days preceding (grant date). 

“Accumulated Shares” for purposes of the calculation of Relative Shareholders Returns only means, for a given trading day, the sum of
(i) one (1) share and (ii) a cumulative number of shares of the company’s common stock purchased with the dividends declared on a company’s common stock, assuming same day reinvestment of the dividends in the common stock of
a company at the closing price on the ex-dividend date, for ex-dividend dates between the start of the Opening Average Period and the trading day. 
 “Closing Average Share Value” means the average, over the trading days in the 

 
Closing Average Period, of the closing price of the company’s stock multiplied by the Accumulated Shares for each trading day during the Closing Average Period. 

“Closing Average Period” means (i) in the absence of a Change in Control (as defined in the 2010 Plan), the 20 trading days
preceding (vesting date); or (ii) in the case of a Change of Control, the trading days during the period beginning thirty (30) calendar days prior to the Change in Control; and ending on the Accelerated End Date. 

“Accelerated End Date” means the date five (5) calendar days (or such shorter period as may be established by the Compensation
Committee in its sole discretion) prior to the Change in Control. 

  
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