Document:

Form of Nonqualified Stock Option Award Agreement under 2006 Stock Option Plan

 Exhibit 10.2 
 [FORM OF STANDARD EMPLOYEE STOCK OPTION AWARD AGREEMENT] 
 TRISTATE CAPITAL
HOLDINGS, INC. 
 2006 STOCK OPTION PLAN 
 NONQUALIFIED STOCK OPTION AWARD AGREEMENT 
  

			
	OPTIONEE:	 	[NAME]
		
	GRANT DATE:	 	                , 20        
		
	OPTION PRICE:	 	$             per share
		
	COVERED SHARES:	 	[NUMBER]

 Terms defined in the TriState Capital Holdings, Inc. 2006 Stock Option Plan (“Plan”) are used in this Award
Agreement (“Agreement”) as defined in the Plan unless otherwise defined in this Agreement. In this Agreement, “TriState” means TriState Capital Holdings, Inc. and “Corporation” means TriState and its Subsidiaries.
Headings used in this Agreement are for convenience only and are not part of this Agreement. The purpose of this Agreement is to reflect the terms and conditions under which Options were granted and to ensure that all Options granted are in
accordance with the Plan. 
 1. Grant of Option. Pursuant to the Plan and subject to the terms of this Agreement, TriState hereby grants
to Optionee an Option to purchase from TriState that number of shares of TriState common stock specified above as the “Covered Shares,” exercisable at the Option Price. 
 2. Terms of the Option. 
 2.1 Type of Option. The Option is intended to be a Nonqualified
Stock Option. 
 2.2 Option Period. The Option is exercisable in whole or in part as to any Covered Shares as to which it is outstanding and has
become exercisable (“vested”) at any time and from time to time through the Expiration Date. 
 2.3 Vesting. To the extent that the
Option or relevant portion thereof is outstanding, the Option will vest as to Covered Shares as set forth in Section 7.2 of the Plan. 

2.4 Expiration Date. 
 (a)
Expiration Date. Expiration Date means the date on which the Option expires, which will be the tenth (10th) anniversary of the Grant Date unless the Option expires earlier pursuant to any of the provisions set forth in (b) below.

  
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 (b) Termination of Employment. Upon termination of Optionee’s employment with the Corporation, unless
the Committee determines otherwise, the Option will vest or expire with respect to all or a portion of the Covered Shares, in accordance with the provisions set forth in the following subsections of this Section 2.4(b). For purposes hereof,
“Termination Date” shall mean Optionee’s last date of employment with the Corporation. If Optionee is employed by a Subsidiary that ceases to be a Subsidiary of TriState and Optionee does not continue to be employed by TriState or a
Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs. 

(1) Retirement. If the termination of Optionee’s employment with the Corporation meets the
definition of Retirement, then the Option will continue to be exercisable until the tenth (10th) anniversary of the Grant Date, with respect to any Covered Shares as to which the Option is vested on Optionee’s Termination Date. 

(2) Death. If Optionee’s employment with the Corporation is terminated by reason of
Optionee’s death, then the Option will vest as to all outstanding Covered Shares as to which it had not otherwise vested commencing on Optionee’s Termination Date or the third (3rd) anniversary of the Grant Date, whichever is later, and together with all other vested Options, will continue to
be exercisable until the tenth (10th) anniversary of the Grant Date with respect to any such Covered Shares. 
 (3) Total and Permanent Disability. If Optionee’s employment is terminated by the Corporation by reason of Total and Permanent Disability, then the Option will vest as to all outstanding Covered
Shares as to which it had not otherwise vested commencing on Optionee’s Termination Date or the third
(3rd) anniversary of the Grant Date, whichever is
later, and together with all other vested Options, will continue to be exercisable until the tenth (10th) anniversary of the Grant Date with respect to any such Covered Shares. 

(4) Change in Control. If, within twelve (12) months following the occurrence of a Change in
Control, Optionee’s employment is terminated by the Corporation without Cause, the Option will continue to be exercisable until the tenth (10th) anniversary of the Grant Date, with respect to any Covered Shares as to which the Option is vested on
Optionee’s Termination Date. 
 (5) Termination for Cause. If Optionee’s employment is terminated by
the Corporation for Cause, then the Option will expire at the close of business on the Optionee’s Termination Date with respect to all Covered Shares, whether or not vested. For purposes hereof, “Cause” shall mean:
(i) failure or refusal of Optionee to implement or follow the reasonable written policies of the Corporation or to perform the services associated with Optionee’s employment with the Corporation provided that Optionee’s failure or
refusal is not based upon 

  
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Optionee’s belief, in good faith, as expressed to the Corporation in writing, that the implementation thereof would be unlawful; (ii) intentional wrongful conduct which results or which
the Corporation reasonably concludes could result in a material adverse effect (financial or otherwise) to the business of the Corporation; (iii) embezzlement; (iv) the commission of a felony or any act rising to the level of or equivalent
to a felony (v) the intentional causing of material damage to the Corporation’s physical or intangible property or property rights; (vi) any act involving disloyalty, dishonesty or fraud or criminal conduct;
(vii) insubordination; (viii) consistent or willful disruption of a harmonious work environment; or (ix) Optionee’s failure to knowingly perform his duties as an employee of the Corporation. 

(6) Termination for any other reason. If Optionee’s employment is terminated by the Corporation
without Cause, or the Optionee terminates his or her employment for reasons not covered in subsections 1, 2 or 3 above, then the Options not vested will expire as of the Optionee’s Termination Date, but those Covered Shares already vested as of
the Optionee’s Termination Date will continue to be exercisable until the tenth (10th) anniversary of the Grant Date. 
 If Optionee is employed by a Subsidiary that ceases to be
a Subsidiary of TriState and Optionee does not continue to be employed by TriState or a Subsidiary, then for purposes of the Agreement, Optionee’s employment with the Corporation terminates effective at the time this occurs. 

2.3 Nontransferability; Designation of Beneficiary. The Option is not transferable or assignable by Optionee other than by transfer to a properly
designated beneficiary in the event of death, or by will or the laws of descent and distribution. 
 During Optionee’s lifetime, the Option
may be exercised only by Optionee or, in the event of Optionee’s legal incapacity, by his or her legal representative. 
 During
Optionee’s lifetime, Optionee may file with TriState, at the address and in the manner as TriState may from time to time direct, on a form to be provided by TriState on request, a designation of a beneficiary or beneficiaries (a “properly
designated beneficiary”) to hold and exercise Optionee’s stock options, to the extent outstanding and exercisable, in accordance with their respective stock option agreements and the Plan in the event of Optionee’s death. In the
absence of a properly designated beneficiary, the Option will be held and may be exercised by the person or persons entitled to do so under Optionee’s will or under the applicable laws of descent and distribution. 

3. Capital Adjustments. The number and class of Covered Shares as to which the Option is outstanding and has not yet been exercised and the Option
Price will be subject to adjustment, if any, as the Committee in its sole discretion deems appropriate in accordance with Article 11 of the Plan. 

  
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 All determinations hereunder will be made by the Committee in its sole discretion and will be final, binding
and conclusive for all purposes on all parties, including without limitation the holder of the Option. 
 4. Exercise of Option.

 4.1 Notice and Effective Date. The Option may be exercised, in whole or in part, by delivering to TriState written notice of the exercise,
and as otherwise provided in Section 8.3(b) of the Plan. In the event that the Option is exercised, pursuant to Section 2.4, by any person or persons other than Optionee, the notice of exercise must be accompanied by appropriate proof of
the derivative right of the person or persons to exercise the Option. 
 4.2 Payment of Option Price. Upon exercise of the Option, in whole or
in part, Optionee may pay the aggregate Option Price (a) in cash or (b) if and to the extent then permitted by TriState , using whole shares of TriState common stock (either by physical delivery to TriState of certificates for the shares
or through TriState’s share attestation procedure) having an aggregate Fair Market Value on the Exercise Date not exceeding that portion of the aggregate Option Price being paid using the shares, or through a combination of cash and shares of
TriState common stock; provided, however, that shares of TriState common stock used to pay all or any portion of the aggregate Option Price may not be subject to any contractual restriction, pledge or other encumbrance and must be shares that have
been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for which it has been at least six (6) months since the restrictions lapsed, or, in either case, for another period as may
be specified or permitted by TriState . 
 4.3 Payment of Taxes. Optionee may elect to satisfy any or all applicable federal, state, or local
tax liabilities incurred in connection with exercise of the Option (a) by payment of cash, (b) if and to the extent then permitted by TriState and subject to the terms and conditions as TriState may from time to time establish, through the
retention by TriState of sufficient whole shares of TriState common stock otherwise issuable upon the exercise to satisfy the minimum amount of taxes required to be withheld in connection with the exercise, or (c) if and to the extent then
permitted by TriState and subject to the terms and conditions as TriState may from time to time establish, using whole shares of TriState common stock (either by physical delivery to TriState of certificates for the shares or through TriState’s
share attestation procedure) that are not subject to any contractual restriction, pledge or other encumbrance and that have been owned by Optionee for at least six (6) months prior to the Exercise Date and, in the case of restricted stock, for
which it has been at least six (6) months since the restrictions lapsed, or, in either case, for another period as may be specified or permitted by TriState . 
 For purposes of this Section 4.3, shares of TriState common stock that are used to satisfy applicable taxes will be valued at their Fair Market Value on the date the tax withholding obligation
arises. In no event will the Fair Market Value of the shares of TriState common stock otherwise issuable upon exercise of the Option but retained pursuant to Section 4.3(b) exceed the minimum amount of taxes required to be withheld in
connection with the Option exercise. 

  
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 4.4 Effect. The exercise, in whole or in part, of the Option will cause a reduction in the number of
unexercised Covered Shares as to which the Option is outstanding equal to the number of shares of TriState common stock with respect to which the Option is exercised. 
 5. Restrictions on Exercise and on Shares Issued on Exercise. 
 (a)
Notwithstanding any other provision of the Agreement, the Option may not be exercised, in whole or in part, at any time that TriState does not have in effect a registration statement under the Securities Act of 1933 as amended relating to the offer
of shares of TriState common stock under the Plan unless TriState agrees to permit the exercise. Upon the issuance of any shares of TriState common stock pursuant to exercise of the Option at a time when a registration statement is not in effect,
Optionee will, upon the request of TriState, agree in writing that Optionee is acquiring the shares for investment only and not with a view to resale and that Optionee will not sell, pledge, or otherwise dispose of the shares unless and until
(a) TriState is furnished with an opinion of counsel to the effect that registration of the shares pursuant to the Securities Act of 1933 as amended is not required by that Act or by rules and regulations promulgated thereunder, (b) the
staff of the SEC has issued a no-action letter with respect to the disposition, or (c) the registration or notification as is, in the opinion of counsel for TriState , required for the lawful disposition of the shares has been filed and has
become effective; provided, however, that TriState is not obligated hereby to file any registration or notification. TriState may place a legend embodying the restrictions on the certificate(s) evidencing the shares. 

(b) Notwithstanding any other provision of this Agreement, the Option may not be exercised, in whole or in part, at any time during the
longest of the following periods of time extending from the beginning of an initial public offering of shares of Tri-State’s Common Stock: (i) six (6) months; (ii) a period of time proposed by the Securities and Exchange
Commission (“SEC”) and accepted by Tri-State; (iii) a period of time agreed upon by the lead underwriter on the offering; or (iv) in the case of a shelf registration under SEC Rule 415, a period of time set by Tri-State not to
exceed eighteen (18) months. The period of time shall begin to run from the effective date of the registration statement covering the offering. This section shall not have any effect upon the vesting of any Option. 

6. Rights as Shareholder. Optionee will have no rights as a shareholder with respect to any Covered Shares until the Exercise Date and then only
with respect to those shares of TriState common stock issued upon the exercise of the Option and not retained as provided in Section 4.3. 

7. Employment. Neither the granting of the Option evidenced by the Agreement nor any term or provision of the Agreement will constitute or be
evidence of any understanding, expressed or implied, on the part of TriState or any Subsidiary to employ Optionee for any period. 

  
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 8. Subject to the Plan. The Option evidenced by the Agreement and the exercise thereof are subject to
the terms and conditions of the Plan, a copy of which is attached and incorporated by reference herein and made a part hereof, but the terms of the Plan will not be considered an enlargement of any benefits under the Agreement. In addition, the
Option is subject to any rules and regulations promulgated by or under the authority of the Committee. Optionee represents and agrees that Optionee has read and understands the Plan. 
 10. Enforcement Provisions. Optionee understands and agrees to the following provisions regarding enforcement of the Agreement. 
 10.1 Governing Law and Jurisdiction. The Agreement is governed by and construed under the laws of the Commonwealth of Pennsylvania, without reference to its conflict of laws provisions. Any dispute or
claim arising out of or relating to the Agreement or claim of breach hereof shall be brought exclusively in the federal court for the Western District of Pennsylvania or in the Court of Common Pleas of Allegheny County, Pennsylvania. By execution of
the Agreement, Optionee and TriState hereby consent to the exclusive jurisdiction of the courts, and waive any right to challenge jurisdiction or venue in the courts with regard to any suit, action, or proceeding under or in connection with the
Agreement. 
 10.2 No Waiver. Failure of TriState to demand strict compliance with any of the terms, covenants or conditions of the Agreement
shall not be deemed a waiver of the term, covenant or condition, nor shall any waiver or relinquishment of any term, covenant or condition on any occasion or on multiple occasions be deemed a waiver or relinquishment of the term, covenant or
condition. 
 10.3 Waiver of Jury Trial. Each of Optionee and TriState hereby waives any right to trial by jury with regard to any suit, action
or proceeding under or in connection with any of Sections 9.2, 9.3 and 9.4. 
 10.4 Applicable Law. Notwithstanding anything in the Agreement,
TriState will not be required to comply with any term, covenant or condition of the Agreement if and to the extent prohibited by law, including but not limited to federal banking and securities regulations, or as otherwise directed by one or more
regulatory agencies having jurisdiction over TriState or any of its subsidiaries. Further, to the extent, if any, applicable to Optionee, Optionee agrees to reimburse TriState for any amounts Optionee may be required to reimburse the Corporation
pursuant to Section 304 of the Sarbanes-Oxley Act of 2002, and agrees that TriState need not comply with any term, covenant or condition of the Agreement to the extent that doing so would require that Optionee reimburse TriState or its
subsidiaries for the amounts pursuant to Section 304 of the Sarbanes-Oxley Act of 2002. 

  
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 10.5 Complete Agreement This Agreement, together with the Plan as the same may be amended from time to time,
constitutes the entire agreement, and supersedes all prior agreements or understandings, between the Company and the Employee respecting the subject matter hereof. 
 11. Compliance with Internal Revenue Code Section 409A. To the extent that any of the terms or provisions of this Agreement or of the Option may result in the application of Section 409A
of the Internal Revenue Code of 1986 as amended to this Option, TriState may, without the consent of Optionee, modify the Agreement and the Option to the extent and in the manner TriState deems necessary or advisable in order to allow the Option to
be excluded from the definition of “deferred compensation” within the meaning of Section 409A or in order to comply with the provisions of Section 409A, other applicable provision(s) of the Internal Revenue Code, and/or any
rules, regulations or other regulatory guidance issued under the statutory provisions. 
 12. Effective Date. If Optionee does not accept
the grant of the Option by executing and delivering a copy of the Agreement to TriState, without altering or changing the terms of the Agreement in any way, within thirty (30) days of receipt by Optionee of a copy of the Agreement, TriState
may, in its sole discretion, withdraw its offer and cancel the Option and the Agreement at any time prior to Optionee’s delivery to TriState of a copy of the Agreement executed by Optionee. 

Otherwise, upon execution and delivery of the Agreement by both TriState and Optionee and, in the event that Optionee is subject to the reporting
requirements of Section 16(a) of the Exchange Act with respect to TriState securities, the filing with and acceptance by the SEC of a Form 4 reporting the Grant, the Option and the Agreement are effective as of the Grant Date. 

IN WITNESS WHEREOF, TriState has caused the Agreement to be signed on its behalf effective as of the Grant Date. 

 

			
	TRISTATE CAPITAL HOLDINGS, INC.
	
	  

	By:	 	Mark L. Sullivan
	Vice Chairman and Chief Financial Officer

 Accepted and agreed to as of the Grant Date 

 

	
	OPTIONEE
	
	  

  
 A-7Restricted Stock Award Agreement among TriState Capital and James F. Getz

 Exhibit 10.3 
 TRISTATE CAPITAL HOLDINGS, INC. 
 RESTRICTED STOCK AWARD AGREEMENT 

THIS AGREEMENT is made as of the 24th of January, 2011 by and between TriState Capital Holdings, Inc. (including its successors and
assigns, the “Company”), a Pennsylvania corporation having its principal place of business in Pittsburgh, Pennsylvania, 
 A 
             N

                       
 D 
 James F. Getz, an employee of the Company (the “Grantee”). 

WITNESSETH THAT: 

WHEREAS, subject to the terms and conditions hereafter set forth, by action of the Compensation Committee of the Board of Directors of
TriState (the “Compensation Committee”) and the whole Board, TriState hereby grants an award of Common Stock (the Common Stock”) of TriState to the Grantee. 
 NOW, THEREFORE, in consideration of the mutual covenants and representations herein contained, and intending to be legally bound, the parties hereto agree as follows: 

ARTICLE I 

Definitions 
 As
used herein: 
 1.1 “Cause” shall mean if the Grantee engages in conduct that constitutes a breach of the
Grantee’s duties to TriState as set forth in any code of conduct adopted by TriState or violates the standards of conduct which TriState expects of its employees, including, but not limited to: dishonesty, disloyalty, willful misconduct, gross
negligence or conduct which may result in damage to the professional reputation or capabilities of TriState. 
 1.2
“TARP” shall mean the U.S. Department of the Treasury’s Troubled Asset Relief Program (including the Capital Purchase Program). 
 1.3 “TriState” shall mean TriState Capital Holdings, Inc. or any corporate parent, affiliate, or direct or indirect subsidiary thereof, or any successor to TriState, for which the Grantee
performs services, regardless of whether this Agreement has been expressly assigned to such corporate parent, affiliate, or direct or indirect subsidiary, or successor. 

  
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 1.4 “Unvested Shares” shall mean all Shares other than Vested Shares. 

1.5 “Vested Shares” means Shares that have vested in accordance with Section 3.1, Section 3.2, Section 3.3, or
Article VI. 
 ARTICLE II 
 Grant of Restricted Stock 
 2.1 Subject to the conditions set forth in
Section 2.2 hereof and the other terms and conditions of this Agreement, the Company hereby grants to the Grantee an award (the “Restricted Stock Award”) of Sixty-Two Thousand Five Hundred (62,500) shares (the “Shares”)
of Common Stock. Unvested Shares are subject to forfeiture to the Company for no consideration as set forth in Section 3.4 below. At the discretion of the Company, certificates for the Shares may or may not be issued. In lieu of certificates,
the Company will establish a book entry account for the Shares in the name of the Grantee with the Company’s transfer agent and registrar for the Common Stock. 
 2.2 Notwithstanding Section 2.1 or any other provision of this Agreement to the contrary, this Agreement shall become effective only if the Grantee executes and delivers to the Company two signed
copies of this Agreement by February 23, 2011, time being of the essence. 
 ARTICLE III 

Terms of the Award; Vesting; Repurchase 
 3.1 During the continuation of the Grantee’s employment by TriState, the Shares shall vest in accordance with the schedule of vesting as follows: 

 

									
	 Date
	  	Portion of Shares Vested	 	 	Cumulative Percentage	 
	 January 15, 2011
	  	 	10	% 	 	 	10	% 
	 January 15, 2012
	  	 	10	% 	 	 	20	% 
	 January 15, 2013
	  	 	80	% 	 	 	100	% 

 3.2 In the event of the Retirement, Disability or death of the Grantee, any portion of the Shares which
are Unvested Shares prior to such Retirement, Disability or death shall become Vested Shares upon such Retirement, Disability or death. 
 For purposes of this Agreement, “Retirement” shall mean retirement by the Grantee at or after attaining such age as the Compensation Committee may specify from time to time, and
“Disability” shall be deemed to have occurred as of the first day following the Grantee’s termination of employment by TriState as a result of a mental or physical condition that prevents the Grantee from engaging in the principal
duties of his employment with TriState. 

  
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 3.3 In the event that the Grantee’s employment with TriState is involuntarily
terminated by TriState without Cause, any portion of the Shares which are Unvested Shares prior to such termination, shall become Vested Shares upon such termination. 
 3.4 In the event that the Grantee’s employment with TriState is terminated prior to all Shares becoming Vested Shares for any reason other than as set forth in Section 3.2 or Section 3.3 hereof,
including termination of the Grantee’s employment due to the Grantee’s voluntary resignation or termination of the Grantee for Cause, the Grantee shall forfeit and transfer to the Company, for no consideration, any portion of the Shares
which are Unvested Shares as of the date of such termination. 
 ARTICLE IV 

Withholding Taxes; Section 83(b) Election 
 4.1 The Company shall have the authority to withhold, or to require the Grantee to remit to the Company, prior to issuance or delivery of any Shares or the removal of any stop order or transfer
restrictions on the Shares or any restrictive legends on the Certificates representing the Shares hereunder, an amount sufficient to satisfy federal, state and local tax withholding requirements associated with this Restricted Stock Award.
Additionally, the Company, in its sole discretion, shall have the right to withhold from the Grantee Shares with a fair market value as determined in good faith by the Compensation Committee equal to the federal, state and local tax withholding
requirements associated with this Restricted Stock Award. For this purpose, fair market value shall be determined as of the day that the withholding obligation arises. 
 4.2 The Grantee acknowledges that (a) the Grantee has been informed of the availability of making an election in accordance with Section 83(b) of the Internal Revenue Code of 1986, as amended
(the “Code”); (b) that such election must be filed with the Internal Revenue Service within thirty (30) days of the date of grant of this Restricted Stock Award; and (c) that the Grantee is solely responsible for making such
election. If the Grantee does not make the election under Section 83(b), he acknowledge that dividends on the Shares will be treated as compensation and subject to tax withholding in accordance with the Company’s practices and policies.

 ARTICLE V 
 Restrictions on Transfer 
 5.1 The Grantee hereby acknowledges that none of the
Shares may be sold, exchanged, assigned, transferred, pledged, hypothecated, gifted or otherwise disposed of (collectively, “disposed of”) until the Shares have become Vested Shares and payment of any withholding tax with respect to such
Vested Shares has been made. 
 Unvested Shares may be transferred to a “family member” as defined in and pursuant to
the terms and conditions set forth in Section A.1.a.5 of the General Instructions to Form S-8 promulgated under the Securities Act of 1933, as amended, as such provision may be 

  
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amended from time to time, on such terms and conditions as may be determined by the Compensation Committee. 
 5.2 The Grantee shall not dispose of the Shares acquired, or any portion thereof, at any time, unless the Grantee shall comply with the Securities Act of 1933, as amended, and the regulations of the SEC
thereunder, any other applicable securities law, and the terms of this Agreement. The Grantee further agrees that the Company may direct its transfer agent to refuse to register the transfer of any Shares underlying this Restricted Stock Award
which, in the opinion of the Company’s counsel, constitutes a violation of any applicable securities laws then in effect or the terms of this Agreement. 
 5.3 Any certificate representing Unvested Shares shall, unless the Compensation Committee determines otherwise, bear a legend substantially as follows: 

“The sale or other transfer of the shares of stock represented by this certificate is subject to certain restrictions set forth in a
Restricted Stock Award Agreement between the registered owner and TriState Capital Holdings, Inc. A copy of such agreement may be obtained from the Secretary of TriState Capital Holdings, Inc.” 

The Grantee further acknowledges and understands that the certificates representing the Shares issued hereunder may bear such additional legend or
legends as the Company deems appropriate in order to assure compliance with applicable securities laws. 
 Any book entry account for the
Unvested Shares will be restricted and subject to stop orders. 
 5.4 If certificates representing Unvested Shares are issued,
they shall be retained by the Company. Within a reasonable time after the Unvested Shares become Vested Shares, all restrictions or stop orders applicable to such Vested Shares shall be removed and, in the event that certificates have been issued,
legends shall be removed. 
 ARTICLE VI 
 Special TARP Provisions 
 6.1 Notwithstanding any contrary provision contained
herein, during the period that the Shares constitute “long-term restricted stock” as that term is defined in the U.S. Department of the Treasury’s Interim Final Rule (31 CFR Part 30), the Shares shall have the following features:

 (a) The Shares may not become transferable (as defined in 26 CFR 1.83-3(d)) at any time earlier than permitted under the
following schedule (except as necessary to reflect a merger or acquisition of TriState): 
 (1) 25% of the Shares
granted at the time of repayment of 25% of the aggregate financial assistance received by TriState under TARP. 

  
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 (2) An additional 25% of the Shares (for an aggregate total of 50% of the
Shares granted) at the time of repayment of 50% of the aggregate financial assistance received by TriState under TARP. 
 (3) An additional 25% of the Shares (for an aggregate total of 75% of the Shares granted) at the time of repayment of 75% of the aggregate financial assistance received by TriState under TARP. 

(4) The remainder of the Shares granted at the time of repayment of 100% of the aggregate financial assistance received by
TriState under TARP. 
 (b) Notwithstanding the foregoing, in the case of restricted stock for which the Grantee does not make
an election under Section 83(b) of the Code, at any time beginning with the date upon which the stock becomes either transferable or not subject to a substantial risk of forfeiture and ending on December 31 of the calendar year including
that date, a portion of the Shares may be made transferable as may reasonably be required to pay the federal, state, local, or foreign taxes that are anticipated to apply to the income recognized due to this vesting, and the amounts made
transferable for this purpose shall not count toward the percentages in the schedule above. 
 (c) The Grantee must forfeit the
restricted stock if he does not continue performing substantial services for TriState for at least two years from the date of the grant, other than due to his death or disability, or a qualifying change in control event with respect to TriState
before the second anniversary of the date of grant. 
 ARTICLE VII 

Miscellaneous 

7.1 In the event of any change or changes in the outstanding Common Stock of the Company by reason of any stock dividend,
recapitalization, reorganization, merger, consolidation, splitup, combination or exchange of shares, or any similar change affecting the Common Stock, any of which takes effect after the grant of this Restricted Stock Award evidenced by this
Agreement, then in any such event the number and kind of shares subject to this Restricted Stock Award, and any other similar provisions, shall be appropriately adjusted consistent with such change in such manner as the Compensation Committee, in
its discretion, may deem equitable to prevent substantial dilution or enlargement of the rights granted to the Grantee hereunder. Any adjustment so made shall be final and binding upon the Grantee and all other interested parties. 

7.2 Whenever the word “Grantee” is used in any provision of this Agreement under circumstances where the provision should
logically be construed to apply to the executors, the administrators, or the person or persons to whom this Restricted Stock Award may be transferred by will or by the laws of descent and distribution, the word “Grantee” shall be deemed to
include such person or persons. 

  
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 7.3 The Grantee shall be entitled to vote the Shares, whether Vested Shares or Unvested
Shares, on all matters presented to the holders of Common Stock of the Company. The Shares, whether Vested Shares or Unvested Shares, shall be deemed to be issued and outstanding for all purposes, including, without limitation, the payment of
dividends and distributions and any determination of any stockholder’s or stockholders’ percentage equity interest in the Company. 
 7.4 Nothing in this Agreement or the Stock Incentive Plan shall confer upon the Grantee any right to continue in the employ of the Company or shall affect the right of the Company to terminate the
employment of the Grantee with or without cause. 
 7.5 This Restricted Stock Award received by the Grantee pursuant to this
Agreement shall not be considered compensation for purposes of any pension or retirement plan, insurance plan or any other employee benefit plan of the Company unless otherwise provided in such plan. 

7.6 Every notice or other communication relating to this Agreement shall be in writing and shall be mailed or delivered to the party for
whom it is intended at such address as may from time to time be designated by it in a notice mailed or delivered to the other party as herein provided; provided, however, that unless and until some other address be so designated, all notices or
communications by the Grantee to the Company shall be mailed or delivered to the Secretary of the Company at its office at One Oxford Center, 301 Grant Street, Pittsburgh, Pennsylvania 15219, and all notices or communications by the Company to the
Grantee may be given to the Grantee personally or may be mailed to him. 
 7.7 This Agreement and its validity, interpretation,
performance and enforcement shall be governed by the laws of the Commonwealth of Pennsylvania. 
 7.8 This Agreement will be
binding upon and inure to the benefit of the Grantee’s heirs and representatives and the assigns and successors of the Company and may be assigned by the Company to any third party, but neither this Agreement nor any rights hereunder will be
assignable or otherwise subject to hypothecation by the Grantee. 
 7.9 This Agreement represents the entire agreement of the
parties with respect to the subject matter hereof. The Agreement may be amended or terminated at any time by written agreement of the parties hereto. Notwithstanding the foregoing or any provision of this Agreement to the contrary, the Company may
at any time (without the consent of the Grantee) modify, amend or terminate any or of the provisions of this Agreement to the extent necessary to conform the provisions of the Agreement with Section 409A of the Code, or any of the rules
promulgated by the United States Department of the Treasury with respect to TARP standards for compensation and corporate governance (31 CFR Part 30) to the extent that such rules are applicable to TriState at the relevant time for purposes of this
Agreement, regardless of whether such modification, amendment, or termination of such provisions shall adversely affect the rights of the Grantee hereunder. 
 7.10 Whenever possible, each provision in this Agreement will be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement

  
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will be held to be prohibited by or invalid under applicable law, then (a) such provisions will be deemed amended to accomplish the objectives of the provisions as originally written to the
fullest extent permitted by law and (b) all other provisions of this Agreement will remain in full force and effect. If any benefit provided under this Agreement is subject to the provisions of Section 409A of the Code and the regulations
issued thereunder, the provisions of the Agreement shall be administered, interpreted and construed in a manner necessary to comply with Section 409A and the regulations issued thereunder (or disregarded to the extent such provision cannot be
so administered, interpreted, or construed.) 
 7.11 Any dispute or litigation arising out of or relating to this Agreement will
be resolved in the courts of Allegheny County or the Western District of Pennsylvania and the Grantee hereby consents to jurisdiction in Pennsylvania. 
 7.12 No rule of strict construction will be implied against the Company, or any other person in the interpretation of any of the terms of this Agreement or any rule or procedure established by the
Compensation Committee. 
 7.13 The Grantee agrees, upon demand of the Company, to do all acts and execute, deliver and perform
all additional documents, instruments and agreements that may be required by the Company to implement the provisions and purposes of this Agreement. 
 7.14 The Grantee hereby grants to the Company a power of attorney and declares that the Company shall be the attorney-in-fact to act for and on behalf of the Grantee, to act in his name, place and stead,
in connection with any and all transfers of Shares, whether Vested Shares or Unvested Shares, to the Company pursuant to this Agreement, including pursuant to Section 3.4 hereof. 

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year first above written. 

 

							
	TRISTATE CAPITAL HOLDINGS, INC.	 		  	
				
	 By
  
	 	 

  
	 		  	 

  

		 		 		  	JAMES F. GETZ
		 	 VICE CHAIRMAN & CFO
	 		  	
		 	(Title)	 		  	

  
 7

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