Document:

Exhbit 10.14

 Exhibit 10.14 
 PEOPLE’S UNITED FINANCIAL, INC. 
 FIRST AMENDED AND RESTATED

 DIRECTORS’ EQUITY COMPENSATION PLAN 
 ARTICLE 1 
 Purposes and Definitions 

1.1 Purposes. The purposes of the Plan are (a) to assist the Company in attracting and retaining qualified individuals to
serve as Directors and (b) to more closely align the interests of Directors with the interests of the Company’s stockholders. 
 1.2 Definitions. Whenever used in the Plan, the following terms shall have the meaning set forth or referenced below: 

 

	 	(a)	“Award” has the meaning set forth in Section 2.2 hereof. 

  

	 	(b)	“Bank” means People’s Bank, a federally chartered capital stock savings bank, and any successor thereto. 

 

	 	(c)	“Beneficiary” means any person (including corporations, unincorporated associations or trusts) entitled to receive certificates representing Compensation
Shares pursuant to any provision of this Plan as a result of a Participant’s death. 

  

	 	(d)	“Board” means the board of directors of the Company. 

  

	 	(e)	“Business Day” means any day other than a Saturday, Sunday or legal holiday. 

 

	 	(f)	“Change in Control” means a Change in Control as defined in Section 3.1(d)(ii). 

 

	 	(g)	“Committee” means the Compensation and Nominating Committee of the Board or any successor committee of the Board. 

 

	 	(h)	“Company” means People’s United Financial, Inc., a Delaware corporation, and any successor thereto. 

 

	 	(i)	“Compensation Shares” means shares of Stock issued to a Participant pursuant to this Plan and, where appropriate, includes any securities distributable to the
Participant by reason of his or her ownership of Compensation Shares; provided that any such securities shall, for purposes of Section 3.1, be treated as if they had been issued at the time the Compensation Shares giving rise to such
distribution were first issued (or are deemed to have been issued) to the Participant. 

  

	 	(j)	“Director” means any individual serving on the Board who is not an employee of the Company, the Bank, or any Subsidiary, but does not include an honorary,
advisory or emeritus director. 

  

	 	(k)	“Effective Date” means April 16, 2007. 

	 	(l)	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute thereto. 

 

	 	(m)	“Fair Market Value” means as of a particular date: 

  

	 	(i)	if the Stock is not then listed or admitted to trading on a national securities exchange (as that term is used in Section 6 of the Exchange Act), and prices of
trades in Stock are regularly reported by the Nasdaq Stock Market, Inc. (“NASDAQ”), the mean between the high and low selling prices for Stock on such date as reported by NASDAQ or, in the event no high and low selling prices for Stock are
reported by NASDAQ for such date, then the mean between the high and low selling prices reported by NASDAQ for the most recent day for which both high and low selling prices are so reported; or 

 

	 	(ii)	if the Stock is then listed or admitted to trading on one or more national securities exchanges, the mean between the high and low selling prices at which Stock is
traded on the principal securities exchange on which the Stock is so traded on such date or, if Stock is not so traded on such date, the mean between the high and low selling prices at which Stock was traded on such exchange on the most recent day
on which Stock was so traded; or 

  

	 	(iii)	if neither (i) nor (ii) is applicable, such amount as the Committee shall determine on the basis of such factors as it deems relevant.

  

	 	(n)	“Interim Award” has the meaning set forth in Section 6.3 hereof. 

 

	 	(o)	[Reserved] 

  

	 	(p)	“Participant” means a Director who is a participant in the Plan. 

 

	 	(q)	“Plan” means the People’s United Financial, Inc. Directors’ Equity Compensation Plan as set forth herein (as it may be amended from time to time).

  

	 	(r)	“Plan Year” means the calendar year. 

  

	 	(s)	[Reserved] 

  

	 	(t)	“Stock” means the common stock of the Company, par value $0.01 per share, or in the case of a consolidation or merger of the Company with or into any other
corporation, such equity securities for which shares of common stock of the Company shall have been exchanged. 

  

	 	(u)	“Subsidiary” means any corporation in which the Company owns, directly or indirectly through one or more other Subsidiaries, at least 50% of the total
combined voting power of all classes of stock. 

	 	(v)	“Tax Election” means the written election filed at the option of a Director with the Internal Revenue Service, as described in Section 2.3.

 ARTICLE 2 
 Participation in the Plan 
 2.1 Eligibility All Directors
shall be Participants in the Plan. 
 2.2 Annual Grants. Immediately following each annual meeting of the Company’s
stockholders, each Director shall receive a number of Compensation Shares (an “Award”) determined by (a) dividing $95,000 by the Fair Market Value of a share of Stock on the last business day immediately prior to the date the Award is
made, and (b) rounding the result so obtained to the next-higher whole share. 
 2.3 Optional Tax Election. Each
Director receiving an Award of Compensation Shares for a particular Plan Year may, at his or her option, execute an election pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in his or her taxable income for
such Plan Year the value (as of the Award date) of the shares so awarded. The Tax Election must be filed with the Internal Revenue Service in accordance with applicable regulations as in effect from time to time. 

2.4 Shares Reserved. The total number of shares of Stock reserved and available for issuance pursuant to this Plan shall be Eight
Hundred Ninety Two Thousand Five Hundred (892,500) shares, subject to adjustment pursuant to Section 2.7. 
 2.5
Method of Issuance. Compensation Shares awarded to a Participant shall be represented by one or more certificates registered in the name of the Participant or if such shares are uncertificated, by appropriate adjustments to a book-entry account
maintained in such Participant’s name by the Company’s transfer agent. Certificates representing Compensation Shares, if issued, shall be held in custody by the Company until delivered in accordance with Section 3.1. 

2.6 Vesting and Holding Period. A Participant shall not sell, assign, transfer, pledge, hypothecate or otherwise dispose of or
encumber any Compensation Shares until (a) such shares have vested in accordance with the vesting schedule set forth in Section 2.7 of this Agreement, and (b) such time as the shares are delivered to him or her in accordance with
Section 3.1. 
 2.7 Vesting Schedule; Forfeiture. All Compensation Shares made the subject of an Award shall vest on
the earliest of (a) the first anniversary of the grant date, or (b) the date on which the annual meeting of the Company’s stockholders is held in the year following the year in which the Award was made, or (c) the date on which a
Participant’s service as a Director ceases by reason of his or her death or disability, or (d) the date on which a Change in Control occurs. Except as set forth in the preceding sentence, all unvested Compensation Shares shall be forfeited
on the date a Participant’s service as a Director of the Company ceases. 

 2.8 Adjustments. The total number of shares of Stock reserved for issuance under the
Plan shall be adjusted to reflect any stock split, stock dividend, recapitalization, merger, consolidation, corporate reorganization, combination, exchange of shares of Stock or other similar events affecting the Stock. 

ARTICLE 3 
 Distributions 
  

	 	3.1	Distributions. 

 (a)
Certificates representing Compensation Shares shall be delivered to the Participant as of the earlier of (X) the third anniversary of the date of the annual Award giving rise to the issuance of the Compensation Shares (or, if not a Business
Day, the first Business Day following such anniversary) or (Y) the first Business Day of the month following the month in which such Participant’s service as a Director ceases. Notwithstanding the foregoing, the Committee may, in its
discretion, determine to defer delivery of certificates representing Compensation Shares to a former Director until such former Director ceases to receive compensation (other than pursuant to this Plan or any other retirement or deferred
compensation plan) for service in any capacity to the Bank, the Parent or any Subsidiary, provided however that in any event delivery of certificates representing Compensation Shares shall not be later than the time prescribed in
Section 3.1(a)(X). 
 (b) Any distribution payable with respect to Compensation Shares shall be paid directly to the
Participant, except any securities issuable as a distribution with respect to such shares shall be delivered to and held in custody by the Bank as additional Compensation Shares. 

(c) (i) Upon the death of a Participant, the Committee shall deliver stock certificates representing all Compensation Shares issued
to such Participant to such person or persons or the survivors thereof, including corporations, unincorporated associations or trusts, as the Participant may have designated. All such designations shall be made in writing and delivered to the
Committee. A Participant may from time to time revoke or change any such designation by written notice to the Committee. In the event of the death of a Participant either prior to designating a Beneficiary pursuant to this subsection or concurrent
with or after the death of such Beneficiary, or in the event of such Beneficiary’s death before delivery to him or her of certificates representing the Compensation Shares, such certificates shall be delivered to the estate of the later to die
of the Participant or his Beneficiary provided that in the event in the designation of his Beneficiary the Participant specified any survival period, no certificates shall be delivered to such Beneficiary’s estate unless he or she survives such
survival period; and further provided that in the event the Participant provides for a contingent Beneficiary, and such contingent Beneficiary is surviving at the time of the later of the death of the Participant or the expiration of any survival
period, but the primary Beneficiary is not then living, such certificates shall be delivered to such contingent Beneficiary. 

 (ii) Any distribution under this subsection (c) shall be made as soon
as practicable following the end of the month in which the Committee is notified of the Participant’s death or is satisfied as to the identity of the appropriate distributee or payee, whichever is later. 

(d) (i) In the event of a Change in Control, notwithstanding any other provision of this Plan, the Committee shall, as soon as
practicable after such Change in Control but in no event later than five (5) Business Days thereafter, deliver certificates representing all Compensation Shares to the Participant in whose name such certificates are registered. 

(ii) A Change in Control shall mean the occurrence of any of the following: 

(1) The Board shall approve (A) a merger or consolidation (or series of mergers and consolidations) of the Bank or
the Company with any other corporation other than (1) a merger or consolidation (or series of mergers and consolidations) which would result in the voting stock (as described in paragraph (2) of this subsection) of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by being converted into voting stock of the surviving entity) more than 80 % percent of the combined voting power of the voting stock of the Company (or such
surviving entity) outstanding immediately after such merger or consolidation or (2) a merger or consolidation effected to implement a recapitalization of the Bank or the Company (or similar transaction) in which no “person” (as
defined in paragraph (2) of this subsection) acquires more than 20% of the combined voting power of the then outstanding securities of the Bank or the Company, or (B) any sale, lease, exchange, or other transfer (in one transaction or a
series of related transactions) of all, or substantially all, of the assets of the Bank or the Company, or (C) the adoption of any plan or proposal for the liquidation or dissolution of the Bank or the Company. 

(2) Any person (as such term is defined in Section 3(a)(9) and Section 13(d)(3) of the Exchange Act),
corporation, or other entity (other than the Bank, its Parent, or any benefit plan, including, but not limited to; any employee stock ownership plan, sponsored by the Bank, the Company, or any Subsidiary) shall become the “beneficial
owner” (as such term is defined in Rule l3d-3 under the Exchange Act), directly or indirectly, of securities representing 20 percent or more of the combined voting power of the then outstanding securities of the Company ordinarily (and apart
from rights accruing under special circumstances) having the right to vote in the election of directors (calculated as provided in paragraph (d) of such Rule l3d-3 in the case of rights to acquire such securities); or 

(3) During any period of two consecutive calendar years, individuals who at the beginning of such period constitute the
entire board of directors of the Company, and any new director (excluding a director designated by a person who has entered into an agreement with the Company to effect a transaction described in paragraph (1) or (2) of this subsection)
whose election by the board or nomination for election by the stockholders of the Company was approved by a vote of at least two-thirds of the directors then still in office who either were 

 
directors at the beginning of the period or whose election or nomination for election was previously so approved, shall cease for any reason to constitute a majority thereof. 

ARTICLE 4 
 The Committee 
 4.1 Authority. The Committee shall have full
power and authority to administer the Plan, including the power to (i) promulgate forms to be used with respect to the Plan and authorize payments, (ii) promulgate rules of Plan administration, (iii) settle any disputes as to rights
or benefits arising from the Plan, (iv) interpret the terms of the Plan, (v) make such decisions or take such action as the Committee, in its sole discretion, deems necessary or advisable to aid in the proper administration of the Plan;
and (vi) engage counsel and consultants in order to fulfill its responsibilities and rely on advice of same. 
 4.2
Elections and Notices. All elections and notices required to be provided to the Committee under the Plan must be in such form or forms prescribed by, and contain such information as is required by, the Committee. 

4.3 Allocation of Responsibilities. The Committee may, in its discretion, allocate responsibilities hereunder among one or more of
its members and may delegate responsibilities to any person or persons being selected by it. 
 4.4 Binding Effect of
Decisions. The decision or action of the Committee with respect to any question arising out of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be
final and binding upon all persons having any interest in the Plan. 
 ARTICLE 5 

Miscellaneous 
 5.1 Non-alienation of Benefits. No benefit under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, or charge, and any attempt to
do so shall be void. No such benefit, prior to receipt thereof pursuant to the provisions of the Plan, shall be in any manner liable for or subject to the debts, contracts liabilities, engagements or torts of the Participant or his Beneficiary.

 5.2 Book-Entry Shares. In the event the Committee authorizes the issuance pursuant to this Plan of shares of Stock in
book-entry (uncertificated) form, all references herein to the delivery of stock certificates shall be inapplicable. The Company’s transfer agent shall keep appropriate records indicating the number of shares of Stock owned by each person to
whom shares are issued pursuant to this Plan, the restrictions applicable to such shares of Stock and the duration thereof, and other relevant information. Upon expiration of any applicable restrictions for any reason, the transfer agent shall
effect delivery of such shares of Stock by adjusting its 

 
records to reflect the expiration of such restrictions, and by notifying the person in whose name such shares were issued (or his or her Beneficiaries, if applicable) that such restrictions have
lapsed. 
 5.3 Interim Award. In the event an individual becomes a Director otherwise than by election at an annual
meeting of the Company’s stockholders, the Committee may, in its discretion, grant to such individual an award (an “Interim Award”) pursuant to this Plan. For purposes of Sections 2.7 and 3.1(a) hereof, an Interim Award shall be
treated as if it had been made on the date of the last annual meeting of the Company’s stockholders held prior to the date such individual became a Director. The Committee shall have the discretion to determine the number of Compensation Shares
comprising an Interim Award, but in no event shall the number of Compensation Shares exceed the number of Compensation Shares that would have been awarded as an annual Award pursuant to Section 2.2 hereof following the most recent annual
meeting of the Company’s stockholders. In making such determination, the Committee shall take into consideration the number of months elapsed between the date of the last annual meeting of the Company’s stockholders held prior to the date
such individual became a Director and the date such individual became a Director, and such other factors as the Committee may deem appropriate. 
 5.4 Invalidity. If any term or provision contained herein is to any extent invalid or unenforceable, such term or provision will be reformed so that it is valid, and such invalidity or
unenforceability will not affect any other provision or part hereof. 
 5.5 Governing Law. This Plan shall be governed by
the laws of the State of Connecticut, without regard to the conflict of law provisions thereof, to the extent not preempted by federal law. 
 5.6 Amendment, Modification and Termination of the Plan. 
 (a) Subject to
the term of subsection (b) hereof, the Board at any time may terminate and in any respect amend or modify the Plan; provided, however, that no such termination, amendment or modification shall adversely affect the rights of any Participant or
Beneficiary, including his rights with respect to Compensation Shares issued prior to such termination, amendment or without his or her consent. Upon termination of the Plan, the Committee, as soon as is practicable thereafter, shall deliver
certificates representing all Compensation Shares issued to each Participant. 
 (b) Notwithstanding the terms of subsection
(a) of this Section 5.6, an amendment to or modification of Section 3.1(d) hereof shall become effective only with the approval of 65% of the Participants and Beneficiaries of deceased Participants who have undistributed Compensation
Shares hereunder, provided, however, that in the event there is more than one such Beneficiary with respect to any individual deceased Participant, such Beneficiaries shall have a single vote which shall be cast as determined by a majority in
interest of all Beneficiaries of such deceased Participant. 
 5.7 Successors and Heirs. The Plan and any properly
executed elections hereunder shall be binding upon the Company and Participants, and upon any assignee or successor in 

 
interest to the Company and upon the heirs, legal representatives and beneficiaries of any Participant. 
 5.8 Status as Stockholders. Compensation Shares are shares of Stock, and each Participant in whose name Compensation Shares have been issued shall have all of the rights of a stockholder, including
voting rights, except to the extent specifically limited by this Plan. 
 5.9 Rights. Participation in this Plan shall
not give any Director the right to continue to serve as a member of the Board or any rights or interests other than as herein provided. 
 5.10 Withholding Taxes. The Company shall deduct from all distributions under the Plan any taxes required to be withheld by federal, state, or local governments. 

5.11 Compliance with Laws. This Plan and the payments hereunder are subject to compliance with all applicable federal and state
laws, rules and regulations and to such approvals by any regulatory or governmental authority as may, in the opinion of counsel for the Company, be necessary or advisable in connection therewith. 

5.12 Plan Construction. 
 Anything in this Plan to the contrary notwithstanding, it is the intent of the Company that all transactions under the Plan satisfy the applicable requirements of Rule 16b-3 promulgated under the Exchange
Act so that a Director will be entitled to the benefits of Rule 16b-3 or other exemptive rules under Section 16 of the Exchange Act, as amended, and will not be subjected to avoidable liability thereunder. 

5.13 Headings; Use of Terms. Headings and subheadings in the Plan are inserted for reference only and are not to be considered in
the construction of the Plan. The masculine includes the feminine and the plural includes the singular, unless the context clearly indicates otherwise. 
 5.14 Approval; Effective Date. This Plan was approved by the Board and by the stockholders of the Bank, and became effective on the Effective Date. 

5.15 Expiration Date. No further Awards shall be made pursuant to this Plan after the tenth anniversary of the Effective Date,
unless on or prior to such tenth anniversary the stockholders of the Company have approved an extension of this Plan to a later date.Exhibit 10.16(d)

 Exhibit 10.16(d) 
 PEOPLE’S UNITED FINANCIAL, INC. 
 2007 RECOGNITION AND RETENTION PLAN

 RESTRICTED STOCK AGREEMENT 
 Granted to: NUF_OptioneeName_First_MI_Last 
 (“you” or the
“Participant”) 
 In accordance with the terms of the People’s United Financial, Inc. 2007 Recognition and
Retention Plan (the “Plan”), People’s United Financial, Inc. (“People’s United”) is pleased to grant you an award (the “Award”) of Granted shares of People’s United Common Stock (the “Shares”).
The Shares granted to you under this Agreement are subject to the restrictions set forth in Section 3 hereof and to the other terms and conditions set forth in this Agreement and in the Plan. 

You and People’s United agree that the Award is subject to the following terms and conditions: 

1. Definitions. All of the terms and provisions of the Plan are deemed incorporated into this Agreement by reference to the same purpose
and effect as if the Plan were set forth in its entirety in this Agreement. All terms used in this Agreement and defined in the Plan shall, unless otherwise defined herein, have the same meanings as in the Plan. The term “Common Stock”
refers to the Common Stock, par value $.01 per share, of People’s United Financial, Inc., and includes any stock or other securities into which shares of Common Stock may be changed as contemplated by Section 8.3 of the Plan. The terms
“person” and “security,” and any variations of such terms, shall have the broadest meanings assigned to them by the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act. 

2. Grant Date. The Award is granted and made effective Grant_Date (the “Grant Date”). Each Share has a fair market value of
$XX.XXXX on the Grant Date. For the purposes of this Agreement, the fair market value of each Share was calculated based on the mean between the high and low selling prices of the Common Stock as reported by the NASDAQ Stock Market on the Grant
Date. 
 3. Restrictions on Transfer of Shares. Subject to the provisions of the Plan, you may not sell, assign, transfer,
pledge, hypothecate or otherwise dispose of or encumber the Shares until they have vested in accordance with the vesting schedule set forth in Section 4 of this Agreement (the “Restriction Period”). People’s United will permit
transfer of the Shares only in accordance with the terms of this Agreement. Any transfer of the Shares made in any manner contrary to this Agreement will be void and ineffective to constitute the transferee a shareholder of People’s United
entitled to any rights, benefits or privileges as such. 
 4. Vesting. Twenty percent (20%) of the Shares will vest on the
first anniversary of the Grant Date (First Anniversary Actual Grant Date); twenty percent (20%) of the Shares will vest on the second anniversary of the Grant Date (Second Anniversary Actual Grant Date); twenty percent (20%) of the Shares
will vest on the third anniversary of the Grant Date (Third Anniversary Actual Grant Date); twenty percent (20%) of the Shares will vest on the fourth anniversary of the Grant Date (Fourth Anniversary Actual Grant Date); and the remaining
twenty percent (20%) of the Shares will vest on the fifth anniversary of the Grant Date (Fifth Anniversary Actual Grant Date). Vesting will occur only if you have continuously been an employee of an Employer from the Grant Date through the
vesting date; provided, however, that notwithstanding the foregoing, Shares that are unvested as of the date of your termination of employment with an Employer by reason of your death or Disability shall vest immediately upon such termination, and
the Restriction Period applicable to all such Shares shall expire. Notwithstanding anything to the contrary in the foregoing, all unvested Shares shall become 100% vested upon the occurrence of a Change of Control if you are an employee of an
Employer at the time a Change of Control occurs, and the Restriction Period applicable to all such Shares shall expire. 
 5.
Forfeiture. You will forfeit all unvested Shares upon the termination of your employment with an Employer for any reason (other than death or Disability, as provided in Section 4 above with respect to the Recognition Award, and other than upon
the occurrence of a Change of Control) during the applicable Restriction Period. When you forfeit Shares, all of your interest in the Shares will be cancelled. You agree to take any action and execute and deliver any document that People’s
United requests to effect the return of your unvested forfeited Shares. 

 6. Voting. You will have the right to vote the Shares from the Grant Date, whether or not
Shares have vested. Your right to vote the Shares will expire immediately upon forfeiture or revocation of the Award with respect to all Shares so forfeited or revoked. 
 7. Cash Dividends. Any cash dividends or distributions declared and paid with respect to Shares that are, as of the record date for such dividend, allocated to you in connection with the Award (as
described in Section 9 below), will be paid to you as soon as practicable. Dividends will be paid to you, and will be taxable in the same manner as other compensation paid to you, by People’s United. By signing this agreement and accepting
its terms, you direct the Funding Agent to remit to People’s United for payment to you any dividends that either of them may receive as the record holder of your unvested Shares. 

8. Other Distributions. Dividends or distributions paid in property other than cash with respect to Shares will be subject to the same
vesting and other restrictions as are applicable to the Shares to which the Award relates. 
 8A. Return of Certain Dividends
and Distributions. If this Award is subsequently revoked pursuant to Section 18 of this Agreement, and if prior to the date of such revocation you received or became eligible to receive any dividends or other distributions with respect to this
Award, you will be required to repay or return all such dividends or distributions to People’s United within five (5) business days following the later of (a) the date your Award is revoked or (b) the date such dividends are paid
or such distribution is made to you. In the event you fail to do so, People’s United may withhold the amount to be repaid or returned by you from any subsequent payments (including salary, bonus or other compensation) payable to you by
People’s United or any of its affiliates as a result of your employment. 
 9. Share Allocation and Certificates. The
Shares will be allocated to you and held by the Funding Agent on your behalf until the applicable vesting date. On each such vesting date, you will obtain unrestricted ownership of the Shares that vest on such vesting date. A stock certificate (or
book entry listing) evidencing your unrestricted ownership of the vested Shares will be provided to you or indicated on People’s United’s stock transfer books. 
 10. Delivery of Certificates. If People’s United issues certificates representing vested Shares, it may postpone the delivery of the certificates for such Shares for such time as it deems necessary
or desirable to enable it to comply with the requirements of the Securities Act or the Exchange Act, any rules or regulations of the SEC promulgated thereunder, or the requirements of applicable state laws relating to the authorization, issuance or
sale of securities generally. 
 11. Adjustments in Shares. In the event of any changes in People’s United’s capital
structure during the term of this Agreement, the provisions of Section 8.3 of the Plan shall apply. 
 12. Corporate Law
Status of Shares. The Shares granted pursuant to this Agreement constitute validly issued and outstanding capital stock of People’s United and are fully paid and nonassessable. 

13. Modification and Waiver. No modification or waiver of any of the provisions of this Agreement shall be binding upon either
People’s United or you unless it is made in writing , signed by you and countersigned on behalf of People’s United by an executive officer thereof (other than you, if you should be or become an executive officer). 

14. Binding Effect. Subject to the terms of this Agreement, this Agreement shall be binding upon and inure to the benefit of the parties
hereto, their heirs, personal representatives, successors and assigns. 
 15. Resolution of Controversies. Any dispute or
disagreement that may arise under, or in any way may relate to, the interpretation, construction or application of this Agreement shall be subject to determination by the Committee after appropriate notice to the affected parties and reasonable
opportunity to be heard by the Committee. Any determination made by the Committee shall be final, binding and conclusive for all purposes. 

  
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 16. Notices. All notices, requests, demands, or other communications required, permitted or
contemplated by this Agreement shall be deemed effectively served, delivered or otherwise made (a) upon receipt if manually delivered, or (b) upon the delivery date shown on the returned receipt (or if delivery is refused, on the date
presented for delivery) if mailed by United States registered or certified mail, postage prepaid, return receipt requested, and if intended for People’s United, directed to the Committee’s attention at People’s United Bank, 850 Main
Street, Bridgeport, Connecticut 06604; or if intended for you, directed to you at the address set forth below immediately following your signature. Either party may, by notice delivered in accordance with this Section, notify the other party of a
different address for all future notices, which will be effective upon delivery to the other party. 
 17. Non-Solicitation.
During the period of your employment with People’s United or any of its affiliates, and for a period of 12 months after the cessation of your employment for any reason, whether with or without cause, you will not, directly or indirectly , on
your own behalf or on behalf of any other person, and whether through your own efforts or through the efforts or employing the assistance of any other person (including without limitation any consultant or any person employed by or associated with
any person with whom you become employed or associated): 
  

	 	a)	call on or solicit in any manner any customer of People’s United or any of its affiliates for the purpose of doing business of the type done by People’s
United or any of its affiliates with such customer. For purposes of this Agreement, “customer” means any individual, firm, partnership, corporation, or other entity or person (i) currently doing business or who has done business with
People’s United or any of its affiliates in the 12 months prior to the cessation of your employment, or (ii) any prospective customer that you know to be a prospective customer of People’s United or any of its affiliates and with whom
People’s United or any of its affiliates reasonably expects to do business; or 

  

	 	b)	Solicit or otherwise induce any employee of People’s United or any of its affiliates to leave the employ of People’s United or any of its affiliates.

 By accepting and agreeing to the terms of this Agreement, you acknowledge that your receipt of the grant of the Award evidenced
by this Agreement represents adequate consideration for the undertaking set forth in this Section 17. 

18. Revocation of Grant. No later than forty-five (45) days after the Grant Date (the “Acceptance
Date”), you must formally accept and agree to the terms and conditions of the Award as set forth in this Agreement. You must do so (a) electronically, if you are directed to do so at the time your Award is formally communicated to you and
you receive a copy of this Agreement, or (b) by returning a signed copy of this Agreement to the Manager of Executive Rewards in the Human Resources Department, 850 Main Street, BC-03, Bridgeport, CT 06604 so that it is received
no later than the close of business on the Acceptance Date. If you do not accept and agree to the terms and conditions of the Award as set forth in this Agreement by the Acceptance Date, the Award evidenced hereby shall be null and void, and shall
be deemed to have been revoked, on the first business day following the Acceptance Date. If the 45th day after the Grant Date is not a business day, the Acceptance Date will be the first business day after such 45th day. A business day is any day other than a Saturday, a Sunday, or a day on which the Company’s banking offices
in Connecticut are not scheduled to be open for business. 
 19. Entire Agreement. This Agreement and the Plan contain all
understandings between you and People’s United regarding the Shares. No other communications regarding the Shares are to be considered binding upon you and People’s United unless they are identified as amendments to this Agreement, are in
writing and are signed by you and People’s United as provided in this Agreement 
 IN WITNESS WHEREOF, People’s United
has caused this Agreement to be executed on its behalf by its Senior Executive Vice President, and the Participant has executed this Agreement, intending to be legally bound hereby, effective this Grant_Date@Date day of Grant_Date 

  
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		 	PEOPLE’S UNITED FINANCIAL, INC.
			
		 	 By:
	 	  

	
	 Its Senior Executive Vice President

 

		 	  
 Your
Signature

		
		 	 Your Mailing Address:

		
		 	  

		
		 	  

		
		 	  

		
		 	 Your Employee ID Number:            

  
 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00200-of-00352.parquet"}]]