Document:

EX-4.2

 Exhibit 4.2 

 
 

 
 016570| 003590|127C|RESTRICTED||4|057-423 

6.95% Non-Cumulative Perpetual 
 6.95% Non-Cumulative Perpetual 
 Preferred Stock,
Series D 
 Preferred Stock, Series D 
 Par value $1.00 
 THIS CERTIFICATE IS TRANSFERABLE
IN 
 CANTON, MA AND NEW YORK, NY 
 Certificate 
 Number 

BP 
 BOSTON PRIVATE 
 Shares Shares 

**000000****** 
 ***000000***** 
 ****000000**** 

*****000000*** 
 ******000000** 
 ZQ 000000 

FH 
 FINANCIAL HOLDINGS 
 BOSTON PRIVATE FINANCIAL
HOLDINGS, INC. 
 INCORPORATED UNDER THE LAWS OF THE COMMONWEALTH OF MASSACHUSETTS 

This is to certify that 
 ** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David
Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander
David Sample **** Mr. Alexander David SampleMR.**** Mr. AlexanderSAMPLEDavid Sample **** Mr. Alexander David&SampleMRS.**** Mr. Alexander DavidSAMPLESample **** Mr. Alexander David &Sample **** Mr. Alexander David Sample **** Mr. Alexander
David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr.
Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. AlexanderMR.David SampleSAMPLE**** Mr. Alexander David
Sample &**** Mr. AlexanderMRS.David Sample ****SAMPLEMr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample ****
Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David Sample **** Mr. Alexander David
Sample **** Mr. Alexander David Sample **** Mr. Sample **** Mr. Sample 
 CUSIP 101119 40 2 SEE REVERSE FOR
CERTAIN DEFINITIONS 
 is the owner of 
 **000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares***
*000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****
000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0
00000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00***ZERO HUNDRED THOUSAND
0000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000
000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****0000
00**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****00000
0**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000
**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000*ZERO HUNDRED AND ZERO***
*Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**
Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**Shares****000000**S 
 FULLY PAID AND NON-ASSESSABLE SHARES OF THE 6.95% NON-CUMULATIVE PERPETUAL PREFERRED STOCK, SERIES D, LIQUIDATION PREFERENCE $1,000 PER SHARE OF 

BOSTON PRIVATE FINANCIAL HOLDINGS, INC., the terms of which are provided for in the Corporation’s Restated Articles
of Organization, as amended, including the Certificate of Designations of the 6.95% Non-Cumulative Perpetual Preferred Stock, Series D, transferable on the books of the Corporation by the holder hereof in person or by Attorney, upon surrender of
this Certificate properly endorsed. 
 This Certificate is not valid until countersigned and registered by the
Transfer Agent and Registrar. 
 Witness the facsimile seal of the Corporation and the facsimile signatures of
its duly authorized officers. 
 CEO & President 

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. 
 DATED <<Month Day, Year>> 

COUNTERSIGNED AND REGISTERED: 
 COMPUTERSHARE TRUST COMPANY, N.A. 
 TRANSFER AGENT
AND REGISTRAR, 
 CORPORATE 
 SEAL 
 EVP, CFO and Treasurer 

MASSACHUSETTS 
 By 
 AUTHORIZED SIGNATURE 

1234567 
 BOSTON PRIVATE FINANCIAL HOLDINGS, INC. 
 PO BOX
43004, Providence, RI 02940-3004 
 MR A SAMPLE DESIGNATION (IF ANY) ADD 1 ADD 2 ADD 3 ADD 4 

CUSIP XXXXXX XX X Holder ID XXXXXXXXXX 
 Insurance Value 1,000,000.00 Number of Shares 123456 
 DTC 12345678 123456789012345 
 Certificate Numbers
Num/No. Denom. Total 
 1234567890/1234567890 1 1 1 1234567890/1234567890 2 2 2 1234567890/1234567890 3 3 3
1234567890/1234567890 4 4 4 1234567890/1234567890 5 5 5 1234567890/1234567890 6 6 6 
 Total Transaction 7

  

BOSTON PRIVATE FINANCIAL HOLDINGS, INC. 

THE CORPORATION IS AUTHORIZED TO ISSUE MORE THAN ONE CLASS OR SERIES OF STOCK. A COPY OR WRITTEN SUMMARY OF THE VARIATIONS IN RIGHTS, PREFERENCES AND
LIMITATIONS APPLICABLE TO EACH CLASS AND SERIES AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR ANY FUTURE CLASS OR SERIES WILL BE FURNISHED BY THE CORPORATION UPON WRITTEN REQUEST AND WITHOUT CHARGE. 

THE SECURITIES REPRESENTED BY THIS INSTRUMENT ARE NOT SAVINGS ACCOUNTS, DEPOSITS OR OTHER OBLIGATIONS OF A BANK AND ARE NOT INSURED BY THE FEDERAL
DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY. 
 KEEP THIS CERTIFICATE IN A SAFE PLACE. IF IT IS LOST, STOLEN,
MUTILATED OR DESTROYED, THE CORPORATION WILL REQUIRE A BOND OF INDEMNITY AS A CONDITION TO THE ISSUANCE OF A REPLACEMENT CERTIFICATE. 
  

													
	
The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to
applicable laws or regulations:

	 					 
	 TEN COM
	 	 -    as tenants in common
	 	UNIF GIFT MIN ACT	 	-	 	  
	 	
Custodian                       
                                  

	 	 		 		 		 	(Cust)	 	    (Minor)
	 TEN ENT
	 	 -    as tenants by the entireties
	 		 		 	under Uniform Gifts to Minors Act	 	  

	 	 		 		 		 		 	 (State)

	 JT TEN
	 	 -    as joint tenants with right of survivorship and not as tenants in common
	 	UNIF TRF MIN ACT	 	-	 	  
	 	Custodian (until age            
                             )
	 	 		 		 		 	(Cust)	 		 	 
	 	 		 		 		 	  
	 	under Uniform Transfers to Minors Act	 	  

	 	 		 		 		 	(Minor)	 		 	(State)
	 Additional abbreviations may also be used though
not in the above list.
	 	 	 	 

  

							
		 		 		  	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE
	 For value received,
	 	  
	 	hereby sell, assign and transfer unto  	  	
    

  
  

					
	(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE)	  			
	   
	    

	
	   
	    

		
	  
	  	 	Shares	  
	represented by the within certificate, and do hereby irrevocably constitute and appoint	  			
	  
	  	 	Attorney	  
	to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises.	  			

  

											
	Dated:	  	  
	 	20	 	  
	 	 	  	 Signature(s)
Guaranteed: Medallion Guarantee Stamp    
 THE SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR
INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15

	  
 Signature:
	  	  
	 	 	  
	  
 Signature:
	  	  
	 	 	  
		  	 Notice:   The signature to this assignment must correspond with the name as written upon the face of the
certificate, in every particular, without alteration or enlargement, or any change whatever.EX-10.13

 Exhibit 10.13 
 Description of CLR Cash Bonus Plan 
 Adopted February 22, 2013

 On February 22, 2013, the Compensation Committee approved a cash bonus plan that will apply to certain employees of
the Company, including the Company’s executive officers (the “CLR Bonus Plan”). The CLR Bonus Plan is designed to reward the Company’s employees and executive officers for achieving annual performance and strategic goals. The CLR
Bonus Plan provides for the annual payment of cash bonuses, starting with bonuses for 2013, which we expect to pay in 2014. 

Under the CLR Bonus Plan, the bonus pool will be budgeted based on the aggregate target bonus amount of all employees participating in
the CLR Bonus Plan (referred to herein as the “Target Pool Size”). The size of the bonus pool will be initially set within a range based on the following factors: production growth (weighted at 40%); reserve growth (weighted at 35%); and
adjusted earnings per share (weighted at 25%). The Compensation Committee has complete discretion to increase, decrease or leave the size of the pool unchanged. In making the determination whether to adjust the size of the pool, the Compensation
Committee will consider such matters as it deems relevant, including the Company’s performance against key strategic and other initiatives identified by the Compensation Committee in areas such as health, safety and environmental, production
costs and cycle times, maintenance of financial and other ratios, budget compliance and business process improvements. The size of the bonus pool as determined by the Compensation Committee is referred to herein as the “Final Pool Size.”
The ratio of the Target Pool Size to the Final Pool Size will be used to determine the Company multiplier in the calculation of an individual’s bonus amount under the CLR Bonus Plan. 

Individual awards for participants in the CLR Bonus Plan, including CLR’s executive officers, will be calculated utilizing the
following formula: 
 Base Earnings x Target Bonus x Company Multiplier x Individual Multiplier = Initial Bonus Amount

 The target annual cash bonus amounts for CLR’s executive officers under the CLR Bonus Plan will be determined by the
Compensation Committee and in the case of Mr. Hamm, also presented to the Board which retains the discretion to increase or decrease Mr. Hamm’s target annual cash bonus amount. 

Except for Mr. Hamm, our Chairman of the Board and Chief Executive Officer, the individual multiplier for bonuses will be based on
the subjective evaluation of each of our executive officer’s supervisor or supervisors. Mr. Hamm’s individual multiplier will be determined based on the subjective evaluation of the Compensation Committee. 

Once our executive officers’ Initial Bonus Amounts are calculated, they will be presented to the Compensation Committee for review,
and in the case of Mr. Hamm also presented to the Board, both of which retain the discretion to increase or decrease individual Initial Bonus Amounts and determine final awards.

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