Document:

EXHIBIT 4.5

                    FORM OF RESTRICTED STOCK AWARD AGREEMENT

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                           RESTRICTED STOCK AGREEMENT
                           --------------------------

                                 PURSUANT TO THE
                                FLORIDAFIRST BANK

                              RESTRICTED STOCK PLAN
                              ---------------------

                           FOR OFFICERS AND EMPLOYEES

         This Agreement shall  constitute an award of Restricted Stock ("Award")
for a total of _______ shares of Common Stock of FloridaFirst Bancorp, Inc. (the
"Corporation"),  which is hereby granted to _______________________________ (the
"Participant")  at the price determined as provided herein,  and in all respects
subject  to the terms,  definitions  and  provisions  of the  FloridaFirst  Bank
Restricted  Stock  Plan  (the  "Plan")  adopted  by  the  Corporation  which  is
incorporated by reference herein, receipt of which is hereby acknowledged.

         1. Purchase  Price.  The purchase  price for each share of Common Stock
            ---------------
awarded by this Agreement is $0.00.

         2. Vesting of Plan  Awards.  The  Award of such  Common  Stock shall be
            -----------------------
deemed  non-forfeitable in accordance with the provisions of the Plan,  provided
the holder of such Award is an  employee,  director or director  emeritus of the
Corporation as of such date, as follows:

                  (a)      Schedule of Vesting of Awards.

                                            Number    Percentage of Total Shares
                                              of         Awarded Which Are
          Date                              Shares        Non-forfeitable
          ----                              ------        ---------------

Upon Grant                                      0                  0%
As of October 19, 2000................      _____                 20%
As of October 19, 2001................      _____                 40%
As of October 19, 2002................      _____                 60%
As of October 19, 2003................      _____                 80%
As of October 19, 2004................      _____                100%

                  (b) Restrictions on Awards. This Award may not be delivered to
the  recipient  if the  issuance  of the  Shares  pursuant  to the  Award  would
constitute a violation of any  applicable  federal or state  securities or other
law or valid  regulation.  As a condition to the  Participant's  receipt of this
Award,  the Corporation may require the person  receiving this Award to make any
representation  and  warranty  to the  Corporation  as may  be  required  by any
applicable law or regulation.

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         3.  Non-transferability  of Award. This Award may not be transferred in
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any  manner   prior  to  such   Award,   or  portion   thereof,   being   deemed
non-forfeitable. Notwithstanding anything herein or in the Plan to the contrary,
all Shares subject to an Award held by a Participant whose employment or service
with the  Corporation  or the Bank  terminates due to death shall be deemed 100%
earned and  nonforfeitable  as of the  Participant's  last date of employment or
service with the  Corporation  or the Bank and shall be  distributed  as soon as
practicable  thereafter to the  Beneficiary as set forth in accordance  with the
Plan.

         4.  Other  Restrictions  on Award.  This Award shall be subject to such
             -----------------------------
other restrictions and limitations as are contained in the Plan or as determined
by the Plan Committee  administering  such Plan. Such Award shall be immediately
100% vested upon death or disability  (as  determined by the Plan  Committee) of
the  Participant,  or upon a Change in Control of the  Corporation  or the Bank,
provided  that  the  Plan  is  approved  by a vote  of the  stockholders  of the
Corporation at a  stockholder's  meeting held more than one year from the Bank's
conversion to stock form.

                                                     FloridaFirst Bank

Date of Grant: October 19, 1999                      By:
               ----------------                           ----------------------

Attest:

----------------------------

[SEAL]

                                       2EXHIBIT 4.6

                         FORM OF STOCK AWARD TAX NOTICE

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                 TAX ISSUES RELATED TO EXERCISE OF STOCK OPTIONS

         This   memorandum   reviews  the  tax  effects  upon  the  exercise  of
"Non-Incentive  Stock Options"  ("NSOs")  (those options awarded to non-employee
directors and perhaps to some officers) and "Incentive  Stock Options"  ("ISOs")
(those options generally awarded to officers and employees).

A.       Exercise of an NSO
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         Upon the  exercise of an NSO, the amount by which the fair market value
of the shares on the date of exercise  exceeds the exercise  price will be taxed
to the optionee as ordinary income.  The Company will be entitled to a deduction
in  the  same  amount,  provided  it  makes  all  required  withholdings  on the
compensation  element of the exercise.  In general,  the optionee's tax basis in
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the shares  acquired by  exercising  an NSO is equal to the fair market value of
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such shares on the date of exercise.  Upon a subsequent  sale of any such shares
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in a  taxable  transaction,  the  optionee  will  realize  capital  gain or loss
(long-term  or  short-term,  depending  on whether the shares were held for more
than 12 months before the sale) in an amount equal to the difference between his
or her basis in the shares and the sale price.

         Special  rules  apply if an  optionee  pays  the  exercise  price  upon
exercise of NSOs with previously  acquired shares of stock.  Except as described
below with respect to shares  acquired  pursuant to ISOs,  such a transaction is
treated as a  tax-free  exchange  of the old  shares for the same  number of new
shares.  To that extent,  the optionee's  basis in the new shares is the same as
his or her basis in the old shares, i.e., there is a carryover of basis, and the
capital gain holding period runs without interruption from the date when the old
shares were  acquired.  The value of any new shares  received by the optionee in
excess of the number of old shares  surrendered  less any cash the optionee pays
for the new shares will be taxed as ordinary income. The optionee's basis in the
additional  shares is equal to the fair market  value of such shares on the date
the shares were  transferred,  and the capital gain holding period  commences on
the same date.  The effect of these  rules is to defer the date when any gain in
the old  shares  that  are used to buy new  shares  must be  recognized  for tax
purposes.  Stated  differently,  these  rules  allow an  optionee to finance the
exercise of an NSO by using shares of stock that he or she already owns, without
paying  current  tax on any  unrealized  appreciation  in the  value of all or a
portion of those old shares.

B.       Exercise of an ISO
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         The holder of an ISO will not be subject to federal income tax upon the
exercise of the ISO, and the Company will not be entitled to a tax  deduction by
reason of such  exercise,  provided  that the  holder is still  employed  by the
Company  (or  terminated  employment  no longer  than  three  months  before the
exercise date).  Additional exceptions to this exercise timing requirement apply
upon the death or disability of the optionee. A sale of the shares received upon
the  exercise of an ISO which  occurs both more than one year after the exercise
of the ISO and more than two years after the grant of the ISO will result in the
realization  of long-term  capital gain or loss in the amount of the  difference
between the amount  realized on the sale and the exercise price for such shares.
Generally,  upon a sale or  disposition  of the  shares  prior to the  foregoing
holding  requirements  (referred  to  as  a  "disqualifying  disposition"),  the
optionee  will  recognize  ordinary  income,  and the  Company  will  receive  a
corresponding deduction equal to the lesser of (i) the excess of the fair market
value of the shares on the date of transfer to the  optionee  over the  exercise
price,  or (ii) the excess of the amount  realized on the  disposition  over the
exercise  price for such shares.  Currently,  ISO exercises are exempt from FICA
and  FUTA  taxes  and  a  disqualifying  disposition  is  exempt  from  employer
withholding.

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         A special rule applies if an optionee  pays all or part of the exercise
price  of an ISO by  surrendering  shares  of  stock  that he or she  previously
acquired  by  exercising  any other ISO.  If the  optionee  has not held the old
shares  for  the  full  duration  of  the  applicable   holding  periods  before
surrendering  them,  then the  surrender  of such shares to exercise the new ISO
will be treated as a disqualifying  disposition of the old shares.  As described
above,  the result of a  disqualifying  disposition is the loss of favorable tax
consequences  with respect to the  acquisition of the old shares pursuant to the
previously exercised ISO.

         Where the applicable holding period requirements have been met, the use
of previously  acquired  shares of stock to pay all or a portion of the exercise
price of an ISO may offer significant tax advantages, particularly a deferral of
the recognition of any appreciation in the surrendered shares in the same manner
as discussed above with respect to NSOs.

C.       Alternative Minimum Tax
         -----------------------

         The  "alternative  minimum  tax"  is  paid  when  such  tax  exceeds  a
taxpayer's regular federal income tax. The alternative minimum tax is calculated
based on alternative minimum taxable income, which is taxable income for federal
income tax  purposes,  modified  by certain  adjustments  and  increased  by tax
preference items.

         The spread  under an ISO - i.e.,  the  difference  between (a) the fair
market  value  of the  shares  at  exercise  and  (b)  the  exercise  price - is
classified  as  alternative  minimum  taxable  income for the year of  exercise.
Alternative  minimum  taxable income may be subject to the  alternative  minimum
tax.  However,  a  disqualifying  disposition  of the shares  subject to the ISO
during the same year in which the ISO was exercised  will  generally  cancel the
alternative minimum taxable income generated upon exercise of the ISO.

         When a taxpayer  sells stock  acquired  through the exercise of an ISO,
generally only the difference between the fair market value of the shares on the
date of  exercise  and the  date of sale is used in  computing  the  alternative
minimum  tax. The portion of a taxpayer's  minimum tax  attributable  to certain
items of tax  preference  (including the spread upon the exercise of an ISO) can
be  credited  against the  taxpayer's  regular  liability  in later years to the
extent that liability exceeds the alternative minimum tax.

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                              RESTRICTED STOCK PLAN

                                   TAX NOTICE

         The awards granted under the  FloridaFirst  Bank Restricted  Stock Plan
(the  "Plan")  will be in the form of  Common  Stock  which  shall  vest in five
installments  at the  rate  of 20%  of  such  shares  per  installment.  Taxable
compensation  equal to the fair market  value of the Common Stock at the date of
vesting of each such stock award will be recognized by each recipient.

         Federal Tax Consequences of Awards.
         -----------------------------------

         1.       Stock  awarded  under  the Plan is  generally  taxable  to the
                  recipient at the time that such awards  become 100% vested and
                  non-forfeitable,  based  upon  the fair  market  value of such
                  stock at the time of such vesting.  Therefore,  the vesting of
                  stock  as  of  October  19,  2000,  and  annually  thereafter,
                  constitutes an tax event.

         2.       A recipient may make an election  pursuant to Section 83(b) of
                  the Internal  Revenue Code ("Code") within 30 days of the date
                  of the  transfer  of an award to  elect  to  include  in gross
                  income for the current  taxable  year the fair market value of
                  such stock as of the date of the  transfer  of an award.  Such
                  election  must be filed  with  the  Internal  Revenue  Service
                  within 30 days of the date of the transfer of the stock award.
                  Therefore,  such an election  may be filed for stock awards to
                  vest at a future date.

         3.       Tax withholding  obligations related to stock awards that vest
                  may be satisfied by either the Participant paying the Bank (by
                  check) an amount sufficient to satisfy applicable  withholding
                  taxes,  or  receiving a fewer number of shares upon vesting of
                  stock  awards.  The latter  choice  would work as follows:  an
                  employee  could elect to receive,  upon vesting of an award, a
                  number of shares  equal to the  excess of the total  number of
                  shares  subject to the award less a number of shares  having a
                  fair market value sufficient to satisfy applicable withholding
                  and employment taxes.

         For example,  suppose  that an employee was  scheduled to vest in 1,000
shares  having a fair  market  value  equal  to $20 per  share  ($20,000  in the
aggregate).  Assuming the employee's  liability for  withholding  and employment
taxes totaled 45% of the ordinary income being recognized,  the amount necessary
to pay such taxes would be 45% of $20,000 or $9,000.  The employee  could either
pay the Bank $9,000,  or direct the Plan trustees to reduce the number of shares
to be  transferred  from the Plan to the  employee.  If an employee  elected the
latter  choice,  the employee  would receive 550 shares from the Plan,  with the
other  450  shares  withheld  in  satisfaction  of  the  employee's  $9,000  tax
obligation.  In either event,  the employee would recognize  $20,000 of ordinary
income.

         For individuals who are subject to the short-swing  profit rule imposed
under Section 16 of the Securities  Exchange Act of 1934, if shares are withheld
in  satisfaction  of the  withholding  taxes  then  such  withholding  should be
reported on a Form 4 or 5 to be filed with the SEC.

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