Document:

Exhibit 10.2

 

PERFORMANCE STOCK UNIT AWARD AGREEMENT
(EMPLOYEE)

 

This Performance Stock
Unit Award Agreement (“Agreement”) has been entered into as of the __________ day of ________, 20__,
between Hurco Companies, Inc., an Indiana corporation (the “Company”), and __________ (“Participant”),
an employee of the Company or one of the Company’s subsidiaries pursuant to the Company’s 2016 Equity Incentive Plan
(the “Plan”).

 

WHEREAS, capitalized
terms used but not otherwise defined herein shall have their meanings set forth in the Plan;

 

WHEREAS, the Compensation
Committee of the Board of Directors of the Company (the “Committee”) has granted to Participant a Performance-Based
Compensation Stock Unit Award pursuant to the terms and conditions as provided in the Plan and this Agreement; and

 

WHEREAS, the Company and Participant
desire to set forth the terms and conditions of the award.

 

NOW, THEREFORE,
in consideration of the mutual covenants and agreements contained in this Agreement, the Company and Participant agree as follows:

 

1.          Grant
of Award. Subject to the terms and conditions stated in the Plan and this Agreement, the Committee hereby grants to Participant
a Performance-Based Compensation Stock Unit Award of a target number of __________ Stock Units (the “Performance Units”),
with the actual number of Performance Units to be received under this award to depend on the attainment of performance goals set
forth herein. Without limitation of the applicability of the other terms of the Plan to the award of Performance Units hereunder,
Section 16 of the Plan will be applicable to the Performance Units and such Performance Units shall be considered Performance-Based
Compensation as set forth in the Plan. Each Performance Unit is a book-keeping entry that represents an unfunded, unsecured right
to receive one share of the Company’s common stock (“Common Stock”), subject to the terms and conditions
stated in the Plan and this Agreement, including without limitation the attainment of the performance goals set forth herein. The
date of this grant is _______ , 20___.

 

2.          Representations
of Participant. Participant hereby (a) accepts the award of Performance Units described in paragraph 1 hereof, and (b) agrees
that the Performance Units will be credited to an account in his or her name maintained by the Company, which account will be unfunded
and maintained for book-keeping purposes only, with the Performance Units simply representing an unfunded and unsecured obligation
of the Company.

 

3.          Performance
Goals and Performance Period. Subject to the terms of the Plan and this Agreement, the Performance Units held by Participant
shall be earned and vest only to the extent that the Committee certifies the degree to which the performance goals established
as specified in Attachment A to this Agreement are attained or otherwise satisfied within the period of time set forth in Attachment
A as the “Performance Period” and as to the number of Performance Units that have been earned and vested accordingly.

 

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4.          Settlement.
If and to the extent that the Committee certifies in writing that the performance goals have been attained or otherwise satisfied
with respect to the Performance Period and as to the applicable number of Performance Units that have been earned and vested in
accordance with Attachment A, the Company shall, as soon as practicable (but no later than the 15th day of the third
month following the end of the calendar year in which the Performance Period ends), cause to be issued and delivered to Participant,
or to his or her designated beneficiary, one share of Common Stock in payment and settlement of each vested Performance Unit. Delivery
of the shares shall be effected by the issuance of a stock certificate, by an appropriate entry in the stock register maintained
by the Company’s transfer agent with a notice of issuance provided, or by the electronic delivery of the shares to a designated
broker account, shall be subject to satisfaction of withholding tax obligations as provided in paragraph 8 and compliance with
all applicable legal requirements as provided in the Plan, and shall be in complete satisfaction and settlement of such vested
Performance Units.

 

5.          Restrictions
Applicable to the Performance Units. Except as otherwise provided in this Agreement, the Plan, or the Company’s Stock
Ownership Policy, Participant may not sell, assign, transfer, pledge or otherwise dispose of or encumber any of the Performance
Units, or any interest therein or the shares underlying the Performance Units, until the Performance Units have vested in accordance
with this Agreement. Any purported sale, assignment, transfer, pledge or other disposition or encumbrance in violation of this
Agreement or the Plan will be void and of no effect.

 

6.          Rights
of Shareholder; Share Dividends. Participant will not have any rights of a holder of Common Stock with respect to the Performance
Units (including any voting rights or rights with respect to cash dividends paid by the Company) unless and until shares of Common
Stock are issued to Participant as provided in paragraph 4. Stock dividends and shares issued as a result of any stock-split, if
any, issued with respect to the Performance Units shall be treated as additional Performance Units and shall be subject to the
same restrictions and other terms and conditions that apply with respect to, and shall vest or be forfeited at the same time as,
the Performance Units with respect to which such stock dividends or shares are issued.

 

7.          Forfeiture.
Except as provided in the Plan or by the Committee, in its sole discretion, upon termination of service with the Company or one
of its subsidiaries prior to the end of the Performance Period, Participant shall forfeit all unvested Performance Units, and shall
not receive any compensation for such forfeited Performance Units. Further, any Performance Units that do not vest as a result
of the applicable performance goals not being attained shall be forfeited.

 

8.          Withholding.
Prior to delivery of any shares of Common Stock pursuant to the vesting of any Performance Units, the Company has the right
and power to deduct or withhold, or permit Participant to remit to the Company, an amount (including an amount of shares of Common
Stock) sufficient to satisfy all applicable tax withholding requirements , as set forth in the Plan.

 

9.          Qualification
of Rights. Neither this Agreement nor the existence of the award shall be construed as giving Participant any right to be retained
as an employee of the Company or any of its subsidiaries.

 

10.        Plan
Controlling and Committee Determinations. The terms and conditions set forth in this Agreement are subject in all respects
to the terms and conditions of the Plan, which are controlling. All determinations and interpretations of the Committee (including
the determination as to whether the performance goals have been achieved for the Performance Period) shall be binding and conclusive
upon Participant and his or her legal representatives.

 

11.        Governing
Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Indiana (without regard
to any applicable principles of conflicts of law that might require the application of another jurisdiction’s laws).

 

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12.        Notices.
All notices and other communications required or permitted under this Agreement shall be written and shall be delivered personally
or sent by registered or certified first-class mail, postage prepaid and return receipt required, addressed as follows: if to the
Company, to the Company’s executive offices in Indianapolis, Indiana, and if to Participant or his or her successor, to the
address last furnished by Participant to the Company. Each notice and communication shall be deemed to have been given when received
by the Company or Participant.

 

13.        No Waiver.
The failure of a party to insist upon strict adherence to any term of this Agreement on any occasion shall not be considered a
waiver thereof or deprive that party of the right thereafter to insist upon strict adherence to that term or any other term of
this Agreement.

 

14.        Recoupment.
Any rights, payments and benefits Participant may receive hereunder shall be subject to repayment or forfeiture pursuant to the
Company’s policy on recoupment or recovery of incentive compensation, as in effect from time to time, and all laws and listing
standards related to the recoupment or recovery of incentive compensation, all to the extent determined by the Company in its discretion
to be applicable to Participant. This paragraph 14 shall not be the Company’s exclusive remedy with respect to such matters.

 

15.        Miscellaneous.
This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which, taken together,
shall constitute one and the same instrument. This Agreement was negotiated by the parties hereto, each of which had the opportunity
to engage legal counsel, and any rule of construction or interpretation otherwise requiring this Agreement to be construed or interpreted
against any party shall not apply to any construction or interpretation hereof. This Agreement supersedes all prior agreements,
whether written or oral, between the parties with respect to its subject matter and, together with the Plan, constitutes a complete
and exclusive statement of the terms of the agreement between the parties with respect to its subject matter. This Agreement shall
be binding upon, and shall be enforceable by and inure solely to the benefit of, the parties hereto and their respective permitted
successors and assigns.

 

IN WITNESS WHEREOF,
the Company and Participant have executed this Agreement as of the date first written above.

 

	 	HURCO COMPANIES, INC.
	 	 	 
	 	By: 	 
	 	 	Name: 
	 	 	Title: 
	 	 	 
	 	 	Participant

 

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ATTACHMENT A

TO

PERFORMANCE STOCK UNIT AWARD AGREEMENT

 

The performance period
for the Performance Units (the “Performance Period”) shall commence on ____________, 20_____ and end
on _________, 20_______. The Performance Units shall be earned and vest, and be paid in shares of Common Stock, as follows:

 

		(a)	________ of the target number of Performance Units as set forth in paragraph 1 of the Agreement
shall be “Target TSR Performance Units.” The actual number of Performance Units to be earned and paid
(the “TSR Performance Units Payout”) with respect to this metric shall be determined in accordance with
the following formula: TSR Performance Units Payout = TSR Payout Factor x Target TSR Performance Units. The “TSR Payout
Factor” is based on the Company’s Total Shareholder Return (defined and measured as described below, the “TSR”)
for the Performance Period relative to the TSR for each company in the Peer Group (as defined below), determined in accordance
with the following table:

 

	If the Company’s TSR rank	 	TSR Payout Factor (% of
	against the Peer Group is	 	Target TSR Performance Units)
	 	 	 
	at the 30th percentile (Threshold)	 	50%
	 	 	 
	at the 55th percentile (Target)	 	100%
	 	 	 
	at the 90th percentile or more (Maximum)	 	200%

 

The TSR Payout
Factor shall be interpolated on a straight-line basis between the percentile levels in the above table, but no amounts will be
payable if the Company’s TSR rank against the Peer Group is below the Threshold level.

 

In the event
that the Company’s TSR for the Performance Period is a negative number, then the TSR Payout Factor shall not exceed 100%,
even if the Company’s TSR rank against the Peer Group is greater than the 55th percentile.

 

The term
“Total Shareholder Return” for a particular Performance Period means the rate of return (expressed as
a percentage) achieved with respect to the Company’s Common Stock and the common stock of each company in the Peer Group
for such Performance Period. Total Shareholder Return over the Performance Period shall be calculated in accordance with the following
formula:

 

((Final Price
+ all cash dividends paid during the Performance Period)/Initial Price) – 1

 

(1) “Final
Price” shall mean the average of the closing prices of the applicable company’s common stock for the final
thirty trading days of the Performance Period.

 

(2) “Initial
Price” shall mean the average of the closing prices of the applicable company’s common stock for the last thirty
trading days preceding the beginning of the Performance Period.

 

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If the Company
or a member of the Peer Group splits its stock or pays a stock dividend, such company’s TSR will be adjusted for the stock
split or stock dividend.

 

The term
“Peer Group” means the companies listed on Attachment B, subject to the following adjustments:

 

(i) If a
member of the Peer Group is acquired by another company, the acquired Peer Group company will be removed from the Peer Group for
the entire Performance Period.

 

(ii) If a
member of the Peer Group sells, spins-off, or disposes of a portion of its business, then such Peer Group company will remain in
the Peer Group for the Performance Period unless such sale, spin-off or disposition results in the disposition of more than 50%
of such company’s total assets during the Performance Period.

 

(iii) If
a member of the Peer Group acquires another company, the acquiring Peer Group company will remain in the Peer Group for the Performance
Period.

 

(iv) If a
member of the Peer Group is delisted on all major stock exchanges, such delisted company will be removed from the Peer Group for
the entire Performance Period.

 

(v) Members
of the Peer Group that file for bankruptcy, liquidation or similar reorganization during the Performance Period will remain in
the Peer Group, positioned below the lowest performing non-bankrupt member of the Peer Group.

 

In addition,
the Compensation Committee shall have the authority to make other appropriate adjustments in response to a change in circumstances
that results in a member of the Peer Group no longer satisfying the criteria for which such member was originally selected.

 

		(a)	_______ of the target number of Performance Units as set forth in paragraph 1 of the Agreement
shall be “Target ROIC Performance Units.” The actual number of Performance Units to be earned and paid
(the “ROIC Performance Units Payout”) with respect to this metric shall be determined in accordance with
the following formula: ROIC Performance Units Payout = ROIC Payout Factor x Target ROIC Performance Units.

 

The “ROIC
Payout Factor” is based on the Company’s Average Return on Invested Capital (“Average ROIC”)
(defined and measured as described below) and shall be determined in accordance with the following table:

 

	 	 	ROIC Payout Factor (% of
	Average ROIC	 	Target ROIC Performance Units)
	 	 	 
	7% (Threshold)	 	50%
	 	 	 
	9% (Target)	 	100%
	 	 	 
	13% (Maximum)	 	200%

 

The ROIC
Payout Factor shall be interpolated on a straight-line basis between the Average ROIC levels in the above table, but no amounts
will be payable if the Average ROIC is below the Threshold level.

 

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The term
“Average ROIC” for a particular Performance Period shall mean the average of the ROIC (as defined below)
in each of the fiscal years in the Performance Period, and ROIC means the percentage calculated as net operating profit after tax
divided by invested capital. Invested capital is calculated as the average shareholders’ equity for the year plus long-term
debt.

 

“ROIC”
and “Average ROIC” may be hereafter adjusted by the Committee to exclude the effects of unanticipated material transactions
or events such as acquisitions, divestitures, accounting changes, restructurings and special charges or gains (determined according
to objective criteria established by the Committee), but only to the extent permitted by Code Section 162(m).

 

    	 	6Exhibit 10.7

 

BRIDGE BANCORP, INC.

AMENDED AND RESTATED DIRECTORS DEFERRED COMPENSATION
PLAN

 

ARTICLE I

PREAMBLE

 

Effective as of April 1,
2009 (the “Effective Date”), and as amended and restated on April 28, 2015, Bridge Bancorp, Inc. (the “Company”)
hereby establishes the Bridge Bancorp, Inc. Amended and Restated Directors Deferred Compensation Plan (the “Plan”)
to allow members of the board of directors (“Director”) of the Company and Bridgehampton National Bank (the “Bank”),
the wholly-owned subsidiary of the Company, the opportunity to defer all or a portion of the Annual Retainer in effect and payable
for serving as a Director and to have such amounts invested in shares of common stock of the Company (“Company Stock”).

 

ARTICLE II

DEFINITIONS

 

2.1        Annual
Retainer. “Annual Retainer” shall mean the amount of the annual retainer that would have otherwise been paid
to a Director for the Plan Year in which the Director’s deferral election is in effect pursuant to Article V. The Annual
Retainer shall be deemed to have been earned and paid to the Director as soon as practicable following the Company’s annual
shareholder meeting for each Plan Year provided that the Director is either duly elected or continues to serve on the Board of
Directors of the Company following the Company’s annual shareholder meeting. The amount of the Annual Retainer that a Director
may voluntarily defer to the Plan shall exclude the amount of the Automatic Deferral.

 

2.2        Beneficiary.
“Beneficiary” shall mean the person, persons, or entity designated by the Director as provided in Article VII to receive
any benefit payable under the Plan with respect to the Director after his or her death.

 

2.3        Benefit.
“Benefit” shall mean the value of the vested Restricted Stock Units that are credited to the Director’s Deferred
Compensation Account.

 

2.4        Change
in Control. “Change in Control” means (1) a change in ownership of the Company or the Bank under paragraph
(i) below, or (2) a change in effective control of the Company or the Bank under paragraph (ii) below, or (3) a change in the ownership
of a substantial portion of the assets of the Company or the Bank under paragraph (iii) below:

 

		(i)	Change in the ownership of the Company or the
Bank. A change in the ownership of the Company or the Bank shall occur on the date that any one person, or more than one
person acting as a group (as defined in Treasury Regulation 1.409A-3(i)(5)(v)(B)), acquires ownership of stock of the corporation
that, together with stock held by such person or group, constitutes

 

     

     

    

 

more than 50% of
the total fair market value or total voting power of the stock of such corporation; or

 

		(ii)	Change in the effective control of the Company or the Bank. A change in the effective
control of the Company or the Bank shall occur on the date that either (1) any one person, or more than one person acting
as a group (as defined in Treasury Regulation 1.409A-3(i)(5)(vi)(D)), acquires (or has acquired during the 12-month period ending
on the date of the most recent acquisition by such person or persons) ownership of stock of the Company or the Bank possessing
30% or more of the total voting power of the stock of the Company or the Bank; or (2) a majority of members of the Company’s
or the Bank’s board of directors is replaced during any 12-month period by directors whose appointment or election is not
endorsed by a majority of the members of the corporation’s board of directors prior to the date of the appointment or election,
provided that this sub-paragraph (2) is inapplicable where a majority shareholder of the Company or the Bank is another corporation;
or

 

		(iii)	Change in the ownership of a substantial portion of the Company’s or Bank’s assets.
A change in the ownership of a substantial portion of the Company’s or the Bank’s assets shall occur on the date that
any one person, or more than one person acting as a group (as defined in Treasury Regulation 1.409A-3(i)(5)(vii)(C)), acquires
(or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets
from the Company or the Bank that have a total gross fair market value equal to or more than 40% of the total gross fair market
value of all of the assets of the corporation immediately prior to such acquisition or acquisitions. For this purpose, gross fair
market value means the value of the assets of the corporation, or the value of the assets being disposed of, determined without
regard to any liabilities associated with such assets. There is no Change in Control event under this paragraph (iii) when there
is a transfer to an entity that is controlled by the shareholders of the transferring corporation immediately after the transfer.

 

2.5        Deferred
Compensation Account. “Deferred Compensation Account” shall mean an account maintained by the Company for each
Director who has elected to defer his or her Annual Retainer in accordance with Article V.

 

2.6        Payment
Date. “Payment Date” shall mean the date on which the Director is entitled to receive his or her Benefit under
the Plan. It shall be the earlier of: (i) the Director’s cessation of service for any reason, including death or disability,
(ii) a Change in Control, or (iii) a specified date. For purposes of this Plan, a Director’s “cessation of service”
shall be construed to require a “separation from service” as defined in accordance with Code Section 409A. Whether
a Director has a “separation from service” will be determined based on facts and circumstances, but generally requires
that the Director no longer serves on the board of directors of the Company, the Bank, or

 

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any member of a controlled group of corporations
with the Company or Bank within the meaning of Treasury Regulation 1.409A-1(a)(3).

 

2.7        Plan
Year. “Plan Year” shall mean shall mean the twelve (12) month period from May 1 to April 30 of each year.

 

2.8        Restricted
Stock Units. “Restricted Stock Units” shall represent shares of Company Stock, with each Restricted Stock Unit
representing one share of Company Stock.

 

ARTICLE III

ADMINISTRATION

 

3.1        Committee
Duties. The Board shall appoint a committee of not less than three (3) members to administer and interpret the Plan (the
“Committee”). Members of the Committee shall be selected by the board of directors of the Company in its sole discretion
and any member of the Committee may be removed by the board at any time, with or without cause. Members of the Committee may be
participants under the Plan. The Committee shall have the authority to adopt, amend, interpret and enforce rules and regulations
for the operation and administration of the Plan and decide or resolve any and all questions relating to the Plan.

 

3.2        Agents.
In the administration of the Plan, the Committee may, from time to time, employ agents and delegate to them such administrative
duties as it sees fit and consult with counsel who may be counsel to the Company and Bank.

 

3.3        Binding
Effect of Decisions. Any decision or action of the Committee relating to the Plan shall be final, conclusive and binding
upon all participants, Beneficiaries and other persons having any interest in the Plan.

 

ARTICLE IV

ELIGIBILITY AND CONTRIBUTIONS

 

4.1        Eligibility.
All current and future Directors of the Company and Bank are eligible to participate in the Plan.

 

4.2        Timing
of Initial Deferral Election.

 

(a)         Generally.
Each Director shall have the right to elect to defer the receipt of all or any part of his or her Annual Retainer, with such deferred
compensation to be payable at the time or times and in the manner herein stated.

 

(b)         Current
Directors. Each Director as of the Effective Date that desires to defer the receipt of his or her Annual Retainer otherwise
payable for the Plan Year commencing on May 1, 2009 must execute and deliver to the Company a “Deferral Election Form,”
in the form attached hereto as Exhibit A, between April 1, 2009 and April 30, 2009. If a Director submits an executed Deferral
Election Form to the Company after April 30, 2009, such Deferral Election Form shall

 

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apply to services performed in the Plan Year
next following the Plan Year in which the Company receives the executed Deferral Election Form.

 

(c)         New
Directors. Notwithstanding anything in the Plan to the contrary, in the case of the first year in which an individual becomes
a Director on or after May 1, 2009, an election to defer all or any part of his or her Annual Retainer may be made within thirty
(30) of the date the individual becomes a Director. Such election will be effective as of the first day of the month immediately
following the month in which a Director executes and delivers to the Company a Deferral Election Form, in the form attached hereto
as Exhibit A. Under no circumstances may a Director defer compensation to which the Director has already attained, at the time
of deferral, a legally enforceable right to receive such compensation. If a Director submits an executed Deferral Election Form
to the Company more than thirty (30) days after he or she first became a Director, such Deferral Election Form shall apply to services
performed in the Plan Year next following the Plan Year in which the Company receives the executed Deferral Election Form.

 

4.3        Subsequent
Deferral Elections. An election to defer the Director’s Annual Retainer shall continue in effect until changed or
revoked. The Committee may permit a Director to change his or her deferral election for a subsequent Plan Year, provided that a
subsequent deferral election is made on or prior to the December 15th preceding the Plan Year in which such income shall
be earned. All changes and revocations shall be made in writing on a Deferral Election Form, attached hereto as Exhibit A. A subsequent
deferral election shall apply to all deferrals on a going forward basis until changed or revoked (and may not apply to previous
deferrals).

 

		4.4	Automatic Deferral. As soon as practicable following the Company’s annual shareholder
meeting for each Plan Year, the Company and/or Bank will contribute an amount, as determined at the discretion of the Compensation
Committee and/or Board of Directors (which may be pro-rated for a new Director), to the Plan on behalf of each Director (the “Automatic
Deferral”), provided that the Director is either duly elected or continues to serve on the Board of Directors of the Company
following the Company’s annual shareholder meeting for the applicable Plan Year, subject to all terms and conditions of the
Plan.

 

		(a)	Generally. Since the Company and/or Bank will contribute the Automatic Deferral (i.e., a
non-elective Company contribution), as soon as practicable following the Company’s annual shareholder meeting, a Director
will not complete a deferral election form with respect to the Automatic Deferral. The Board of Directors of the Company and/or
Compensation Committee may determine to discontinue the Automatic Deferral by resolutions.

 

		(b)	Payment Date. The Automatic Deferral(s) shall be paid as of the Payment Date; however, for
purposes of the Automatic Deferral, the Payment Date shall not be a specified date but a distribution shall be made at the earlier
of the Director’s cessation of service for any reason, including death or disability, or a Change in Control.

 

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		(c)	Form of Distribution. The Automatic Deferral shall be distributed to a Director as indicated
on the Director’s Automatic Deferral Payment Form. New Directors must complete an Automatic Deferral Payment Form within
thirty (30) days of the date the individual becomes a Director. The Director’s election to receive a distribution by lump
sum or installments shall be irrevocable. The Committee shall track the different payment forms and payment times for voluntary
deferrals and Automatic Deferrals. If a Director does not complete an Automatic Deferral Payment Form, his or her Automatic Deferrals
will be paid by lump sum upon the attainment of a Payment Date.

 

		(d)	All Other Terms and Conditions of the Plan Apply. Except as described in this Section 4.4,
all other terms and conditions of the Plan apply to the Automatic Deferrals, including (i) crediting the Automatic Deferrals as
Restricted Stock Units, (ii) distributing the amounts in the form of Company Stock, and (iii) the vesting schedule set forth in
Section 5.4 of the Plan.”

 

ARTICLE V

ACCOUNT AND INVESTMENT

 

5.1        Crediting
the Deferred Compensation Account. As soon as practicable following the Company’s annual shareholder meeting for
each Plan Year, the Director’s Annual Retainer for such Plan Year shall be deferred in accordance with the Director’s
Deferral Election and exchanged for Restricted Stock Units provided that the Director is either duly elected or continues to serve
on the Board of Directors of the Company following the Company’s annual shareholder meeting. The Restricted Stock Units shall
be issued from the 2006 Stock-Based Incentive Plan, 2012 Stock-Based Incentive Plan, or its successor, and credited to the Director’s
Deferred Compensation Account. The number of Restricted Stock Units credited to the Director’s Deferred Compensation Account
shall equal the dollar amount credited to such account divided by the fair market value of one share of Company Stock. Fair market
value is to be determined based on the trailing 10-day average closing price of Company Stock immediately preceding the date of
the annual shareholder meeting. Fractional Restricted Stock Units will be used.

 

5.2        Dividends
on Restricted Stock Units. Each Restricted Stock Unit allocated to the Director’s Deferred Compensation Account shall
be deemed to pay dividends as if it were one share of Company Stock, and any such deemed dividends will result in the crediting
of additional Restricted Stock Units to the Deferred Compensation Account as of (i) the same day the cash dividends are actually
paid on Company Stock if the Company maintains a Dividend Reinvestment Plan, or (ii) the same day the cash dividends are actually
reinvested in Company Stock under the Company’s Dividend Reinvestment Plan.

 

5.3        No
Voting Rights. The Restricted Stock Units shall not have any shareholder voting rights.

 

5.4        Vesting.
If the Director’s cessation of service occurs on or before the last day of the Plan Year, the Restricted Stock Units and
any dividends that were credited to the Director’s Deferred

 

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Compensation Account during such Plan Year
shall be prorated by multiplying such number of Restricted Stock Units by a fraction, the numerator of which is the number of full
or partial months of service completed by such Director as measured from the first day of the Plan Year in which the Director’s
cessation of service occurs, and the denominator of which is 12. After each Plan Year, a Director shall be one-hundred percent
(100%) vested in his or her Annual Retainer for such Plan Year. Notwithstanding the foregoing, a Director’s Deferred Compensation
Account shall become 100% vested in the event of disability, death or retirement, as such terms are defined under the Company’s
2006 Stock-Based Incentive Plan.

 

5.5        Statement
of Accounts. Within 90 days after the close of each Plan Year, the Company shall submit to the Director a statement in
such form as the Company deems desirable setting forth the balance as of the last day of the Plan Year in the Director’s
Deferred Compensation Account.

 

ARTICLE VI

DISTRIBUTION AND CHANGES IN PAYMENT ELECTIONS

 

6.1        General.
A Director’s Deferred Compensation Account may not be distributed prior to a Payment Date as set forth in Section 2.6.
The amounts credited to a Director’s Deferred Compensation Account shall be distributed to a Director as indicated on the
applicable Director’s Deferral Election Form, a copy of which is attached as Appendix A, and the Committee shall track, if
applicable, the deferrals for different Plan Years that may be governed by numerous Deferral Election Forms. Any distribution from
the Deferred Compensation Account must be solely in the form of whole shares of Company Stock and cash will not be distributed
in lieu of fractional shares. Any fractional share shall be rounded up to the nearest whole number. The form of benefit payment
may be in a single lump sum payment or in annual installment payments not in excess of ten years, as specified on a Director’s
Distribution Election Form. In the event that the Director fails to elect a form of distribution, , the Director shall be paid
his or her Benefit in a single lump sum distribution within 30 days following the Director’s Payment Date.

 

6.2        Payment
Dates. If the Deferred Compensation Account is to be paid in a single lump payment, the lump sum shall be paid within
60 days following a Payment Date as set forth in Section 2.6. If the Deferred Compensation Account is to be paid in installments,
then the first installment shall be paid within 60 days following a Payment Date and all subsequent annual installments shall
be paid on January 1st of each year, commencing with the year following the year in which the first annual installment
was paid for the time period selected by the Director on his Distribution Election Form. If a Director has elected different time
and forms of payments for certain Plan Years, the Committee shall track the various elections to ensure payment(s) are made in
accordance with the elections.

 

6.3        Amount
of Each Installment. The dollar amount of each installment paid to a Director or his
or her Beneficiaries shall be determined by multiplying the value of the Director’s Deferred Compensation Account as of
the day immediately preceding such payment by a fraction. The numerator of the fraction shall in all cases be one, and the denominator
of the fraction shall be 

 

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the
number of installments remaining to be paid to the Director or his or her Beneficiaries, including the installment for which the
calculation is being made. For example, if a Director elected to receive 10 annual installments, the amount of the first annual
installment shall be 1/10th of the Director’s Deferred Compensation Account, the second annual installment shall
be 1/9th of the then remaining Deferred Compensation Account, and so on.

 

6.4        Death
After Commencement of Payment of Benefit. In the event of a Director’s death after commencement of installment payments,
the Company shall continue payment of the remaining balance of the Director’s Benefit to the Director’s Beneficiary
at the same time and in the same manner as if the Director had not died.

 

6.5        Change
in Control. In the event of a Change in Control, the Director’s Deferred Compensation Account shall automatically
be paid in a single lump sum payment within 30 days following a Change in Control notwithstanding a Director’s payment election.

 

ARTICLE VII

BENEFICIARIES

 

7.1        Beneficiary
Designations. The Director may designate one or more Beneficiaries in the “Beneficiary Designation Form,” attached
hereto as Exhibit B, to receive the Benefit due to such Director upon his or her death. Such Beneficiary designation may be revoked
or amended by the Director by delivering to the Company a new Beneficiary Designation Form. In the event the Director fails to
designate a Beneficiary, the Director’s designated Beneficiary shall be deemed to be the Director’s estate.

 

7.2        Effect
of Payment. The payment of a Participant’s vested benefit to the deemed Beneficiary shall completely discharge the
Company’s obligations to the Participant or the Participant’s Beneficiary under this Plan.

 

7.3        Effect
of Death After Separation from Service. Upon the death of a Participant after Separation from Service, the Beneficiary
shall be paid any unpaid balance of the Participant’s Deferred Compensation Account at such time or times and in such amount
or amounts as if the Director had not died.

 

ARTICLE VIII

AMENDMENT AND TERMINATION OF PLAN

 

8.1        Amendment.
The Company reserves the right to amend, suspend or terminate this Plan at any time. However, to the extent any such amendment,
suspension or termination would adversely impact the Director’s (or Beneficiary’s) Benefit, the amendment, suspension,
or termination shall require the written consent of the Director (or Beneficiary), even if the Director is no longer serving on
the board of directors of the Company or the Bank.

 

8.2        Termination.
Under no circumstances may the Plan permit the acceleration of the

 

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time
or manner of any payment under the Plan prior to the Director’s Payment Date, except as provided in this Section 8.2. The
Company, may, in its discretion, elect to terminate the Plan in any of the following three (3) circumstances and accelerate the
payment of the Director’s entire unpaid Benefit in accordance with Code Section 409A:

 

(a)         The
Plan is terminated within 12 months of a corporate dissolution taxed under Code Section 331, or with approval of a bankruptcy court
pursuant to 11 U.S.C. §503(b)(1)(A), provided that the amounts deferred under the Plan are included in the Director’s
gross income in the latest of (i) the calendar year in which the Plan terminates; (ii) the calendar year in which the amount is
no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the payment is administratively
practicable.

 

(b)         The
Plan is terminated by irrevocable board action taken within the 30 days preceding a Change in Control (but not following a Change
in Control), provided that the Plan shall only be treated as terminated if all substantially similar arrangements sponsored by
the Company are terminated so that the Director and all directors under substantially similar arrangements are required to receive
all amounts of compensation deferred under the terminated arrangements within 12 months of the date of the termination of the arrangements.

 

(c)         The
Plan is terminated provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial health
of the Company, (ii) all arrangements sponsored by the Company that would be aggregated with this Plan under Treasury Regulations
1.409A-1(c) if the Director covered by this Plan was also covered by any of those other arrangements are also terminated; (iii)
no payments other than payments that would be payable under the terms of the arrangement if the termination had not occurred are
made within 12 months of the termination of the arrangement; (iv) all payments are made within 24 months of the termination of
the arrangements; and (v) the Company does not adopt a new arrangement that would be aggregated with any terminated arrangement
under Treasury Regulations Section 1.409A-1(c) if the Director participated in both arrangements, at any time within three (3)
years following the date of termination of the arrangement.

 

ARTICLE IX

CLAIMS AND REVIEW PROCEDURES

 

9.1        Claims
Procedure. A Director or Beneficiary (“Claimant”) who has not received benefits under the Plan that he or she
believes should be paid shall make a claim for such benefits as follows:

 

(a)         Initiation
– Written Claim. The Claimant initiates a claim by submitting to the Bank a written claim for the benefits.

 

(b)         Timing
of Bank Response. The Bank shall respond to such Claimant within 90 days after receiving the claim. If the Bank determines
that special circumstances require additional time for processing the claim, the Bank can extend the response period by an additional
90 days by notifying the Claimant in writing, prior to the end of the initial 90-day period, that an additional

 

    	 	8	 

     

    

 

period is required. The notice of extension
must set forth the special circumstances and the date by which the Bank expects to render its decision.

 

(c)         Notice
of Decision. If the Bank denies part or all of the claim, the Bank shall notify the Claimant in writing of such denial.
The Bank shall write the notification in a manner calculated to be understood by the Claimant. The notification shall set forth:

 

(i)          The
specific reasons for the denial;

 

(ii)         A
reference to the specific provisions of the Plan upon which the denial is based;

 

(iii)        A
description of any additional information or material necessary for the Claimant to perfect the claim and an explanation of why
it is needed;

 

(iv)        An
explanation of the Plan’s review procedures and the time limits applicable to such procedures; and

 

(v)         A
statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA, following an adverse benefit determination
upon review.

 

9.2        Review
Procedure. If the Bank denies part or all of the claim, the Claimant shall have the opportunity for a full and fair review
by the Bank of the denial, as follows:

 

(a)         Initiation
– Written Request. To initiate the review, the Claimant, within 60 days after receiving the Bank’s notice of
denial, must file with the Bank a written request for review.

 

(b)         Additional
Submissions – Information Access. The Claimant shall then have the opportunity to submit written comments, documents,
records and other information relating to the claim. The Bank shall also provide the Claimant, upon request and free of charge,
reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations)
to the Claimant’s claim for benefits.

 

(c)         Considerations
on Review. In considering the review, the Bank shall take into account all materials and information the Claimant submits
relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination.

 

(d)         Timing
of Bank Response. The Bank shall respond in writing to such Claimant within 60 days after receiving the request for review.
If the Bank determines that special circumstances require additional time for processing the claim, the Bank can extend the response
period by an additional 60 days by notifying the Claimant in writing, prior to the end of the initial 60-day period, that an additional
period is required. The notice of extension must set forth the special circumstances and the date by which the Bank expects to
render its decision.

 

(e)         Notice
of Decision. The Bank shall notify the Claimant in writing of its decision on

 

    	 	9	 

     

    

 

review. The Bank shall write the notification
in a manner calculated to be understood by the Claimant. If the decision is a denial, then the notification shall set forth:

 

(i)          The
specific reasons for the denial;

 

(ii)         A
reference to the specific provisions of the Plan upon which the denial is based;

 

(iii)        A
statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents,
records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s claim for benefits;
and

 

(iv)        A
statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA.

 

ARTICLE X

MISCELLANEOUS PROVISIONS

 

10.1      Unsecured
General Creditor. The Director’s interest in his or her Deferred Compensation Account is limited to the right to
receive payments under this Plan, and the Director’s position is that of a general unsecured creditor of the Company.

 

10.2      Nonassignability.
The interest of any person under this Plan (other than the Company) shall not be subject in any manner to anticipation, alienation,
sale, transfer, assignment, pledge, attachment or encumbrance, or to the claims of creditors of such person, and any attempt to
effectuate any such actions shall be void.

 

10.3      Interest
of Director. The Director and any Beneficiary shall be, in respect to the Restricted Stock Units and Deferred Compensation
Account and any Benefits to be paid, and remain simply a creditor of the Company in the same manner as any other creditor having
a general claim for compensation, if and when the Director’s or Beneficiary’s rights to receive payments shall mature
and become payable. At no time shall the Director be deemed to have any right, title or interest, legal or equitable, in any asset
of the Company, including, but not limited to, any investments which represent amounts credited to the Restricted Stock Units or
Deferred Compensation Account.

 

10.4      Taxes.
This Plan shall permit the acceleration of the time or schedule of a payment to pay any taxes that may become due at any time that
the arrangement fails to meet the requirements of Code Section 409A and the regulations and other guidance promulgated thereunder.
Such payments shall not exceed the amount required to be included in income as the result of the failure to comply with the requirements
of Code Section 409A.

 

10.5      Acceleration
of Benefit. Except as specifically permitted herein or in other sections of this Plan, no acceleration of the time or schedule
of any payment may be made hereunder. Notwithstanding the foregoing, payments may be accelerated hereunder by the Company, in

 

    	 	10	 

     

    

 

accordance with the provisions of Treasury
Regulation 1.409A-3(j)(4) and any subsequent guidance issued. Accordingly, payments may be accelerated, in accordance with requirements
and conditions of the Treasury Regulations (or subsequent guidance) in the following circumstances: (i) as a result of certain
domestic relations orders; (ii) in compliance with ethics agreements with the Federal government; (iii) in compliance with ethics
laws or conflicts of interest laws; (iv) in limited cash-outs (but not in excess of the limit under Code Section 402(g)(1)(B));
or (v) for any other purpose set forth in the Treasury Regulations and subsequent guidance.

 

10.6      Exclusivity
of Plan. This Plan is intended solely for the purpose of deferring compensation to the Director to the mutual advantage
of the parties. Nothing contained in this Plan shall in any way affect or interfere with the right of a Director to participate
in any other benefit plan in which he or she may be entitled to participate.

 

10.7      No
Right to Continued Service. This Plan shall not confer any right to continued service on a Director.

 

10.8      Notice.
Each notice and other communication to be given pursuant to this Plan shall be in writing and shall be deemed given only when (a) delivered
by hand, (b) transmitted by facsimile (fax), (c) received by the addressee, if sent by registered or certified mail,
return receipt requested, or by Express Mail, Federal Express or other overnight delivery service, to the Company at its principal
office and to a Director at the last known address of such Director (or to such other address or fax number as a party may specify
by notice given to the other party pursuant to this Section 10.8).

 

10.9      Governing
Law. This Plan shall be construed and interpreted in accordance with the laws of the State of New York.

 

10.10   Binding
on Successors. This Plan shall be binding upon the Directors, Company and Bank, their heirs, successors, legal representatives
and assigns.

 

10.11   Stock
Dividend or Corporate Transaction. In the event of any change in the outstanding shares of the Company by reason of any
stock dividend or split, recapitalization, merger, consolidation, spin-off, reorganization, combination or exchange of shares or
other similar corporate change, then the Deferred Compensation Account of each Director shall be adjusted by the Committee in a
reasonable manner to compensate for the change, and any such adjustment by the Committee shall be conclusive and binding for all
purposes of the Plan.

 

[Signature Page to Follow]

 

    	 	11	 

     

    

 

IN WITNESS WHEREOF,
the Company and Bank have executed this Plan originally on March 31, 2009, and as subsequently amended and restated on April 28,
2015.

 

	 	BRIDGE BANCORP, INC.
	 	 	 
	 	By:  	/s/ Howard H. Nolan
	 	 	Howard H. Nolan
	 	 	Senior EVP Chief Administrative and Financial Officer and Corporate Secretary
	 	 	 
	 	BRIDGEHAMPTON NATIONAL BANK
	 	 	 
	 	By:  	/s/ Howard H. Nolan
	 	 	Howard H. Nolan
	 	 	Senior EVP Chief Administrative and Financial Officer and Corporate Secretary

 

    	 	12

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