Document:

EX-10.7

 Exhibit 10.7 

AMENDED AND RESTATED 

EXECUTIVE SHARED CONTROL 

INSURANCE AGREEMENT 
 This
agreement (hereinafter sometimes referred to as “the Plan” or the “agreement”) is made this 27th day of May, 1999 by and between [Name] (hereinafter referred to as “the Executive”) and First Trade Union Bank, a banking
corporation located in the Commonwealth of Massachusetts, (hereinafter referred to as “the Bank”). 
 WHEREAS, the Executive and
the Bank previously entered into an Executive Shared Control Insurance Agreement (the “Prior Agreement”) pertaining to their respective obligations and ownership interests in the insurance policy identified in Paragraph I below, which
Agreement was heretofore revised by a Supplemental Agreement to said Executive Shared Control Insurance Agreement (the “Supplemental Agreement”), 

WHEREAS, the Executive and the Bank desire to amend and restate in its entirety the Prior Agreement, as amended by the Supplemental Agreement,
to clarify certain matters; 
 NOW THEREFORE, the Executive and the Bank and each of them, hereby agree: 

 

	I.	POLICY PURCHASE 

 The Executive has heretofore purchased the following described
life insurance policy, which shall hereinafter be referred to as “the policy:” 
  

			
	Policy Name:	  	[Name]
	Policy Form:	  	37161 (Flexible Premium Adj Life Insurance)
	Policy Number:	  	[Number]
	Initial Face Value.	  	$556,101.00
	Insured:	  	[Name]
	Insurance Company:  	  	Alexander Hamilton Life Insurance Company

  

	II.	PREMIUM PAYMENTS 

 Subject to Paragraph VI herein, the Bank shall pay the premium
which becomes due on the policy while the Executive remains employed by the Bank and the policy remains in force, which premium as of the date hereof, is $23,700.00 per annum. 

 

	III.	BANK’S OWNERSHIP INTEREST 

 Except as otherwise provided in Paragraph IV, the
Bank shall have an ownership in the policy and its cash value and death benefit in an amount equal to the aggregate total premiums it has paid. 

	IV.	THE EXECUTIVE’S OWNERSHIP INTEREST 

 Subject to the Bank’s ownership
interest in the policy described in Paragraphs III and V herein, the Executive shall have all remaining incidents of ownership in the policy, provided that as long as the Executive remains an employee of the Bank, the Executive shall vest in his or
her ownership interest in any cash value in excess of the Bank’s interest at the rate of twenty (20%) percent per full year of service with the Bank from the original date of hire. Upon the Executive’s termination of employment with
the Bank he or she shall be permanently vested according to the percentage under this paragraph except that on termination of the Executive’s employment with the Bank for “cause,” the Executive shall forfeit his or her entire interest
in any cash value in the policy in excess of the Bank’s interest, which forfeited interest shall then revert to the Bank. For this purpose, “cause” means only one or more of the acts or omissions described in (i) through
(iii) below, as determined by the Board in good faith: 
 (i) the Executive’s breach of fiduciary duty, i.e., an act of
dishonesty, misappropriation, embezzlement, intentional fraud, direct or indirect self-dealing or similar conduct with respect to the Bank’s business, it being expressly understood that the mere breach of the Executive’s duty of care to
the Bank which does not constitute any of the acts specified above in this paragraph (i) shall not constitute cause under this paragraph (i); 

(ii) the Executive’s conviction by a court of competent jurisdiction of, or the entry of a plea of guilty or no contest to, any felony or
other crime involving moral turpitude; and 
 (iii) the Executive’s personal dishonesty, incompetence, willful misconduct, breach of
fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or final cease-and-desist order or material breach of any
provision of this Agreement. 
 The parties acknowledge that item (iii) above has been included in compliance with applicable regulations of the
federal Office of Thrift Supervision and shall be interpreted consistent with such regulations. 
 To the extent consistent with such
regulations, however, in determining whether “incompetence” under item (iii) above exists acts or omissions of the Executive shall be measured against the standards for professional conduct generally prevailing for executive officers
having comparable positions in the savings institution industry. 
  

	V.	OWNERSHIP EXCEPTIONS 

 The Executive shall not surrender or cancel the policy or
borrow or withdraw funds from or against the policy as long as the Bank’s ownership interest exists. The Executive shall have the right to purchase the Bank’s interest in the policy as provided in Paragraph VI by paying to the Bank an
amount of money equal to the premiums it has paid to that time plus an amount equal to any cash value in the policy in excess of such amount to the extent the Executive’s 

 
ownership interest therein has not vested or been forfeited as provided in Paragraph IV. The Executive shall have the right to borrow against or withdraw from the policy but only for the purpose
of purchasing the Bank’s interest. Following the Executive’s purchase of the Bank’s ownership interest, the Bank shall have no further interest in either the policy’s cash values or death benefit. Instead, following the
Executive’s purchase of the Bank’s ownership interest, the Executive shall have all rights in the policy, including to any cash value in excess of that used to fund the Executive’s purchase of the Bank’s ownership interest. 

 

	VI.	EMPLOYMENT PROVISION 

 Upon the retirement of the Executive or the termination of
the Executive’s employment with the Bank for any reason, the Executive may within 90 days of such retirement or termination of employment at his or her option either purchase the Bank’s interest in the policy in the manner set forth in
Paragraph V herein, or assign and transfer complete ownership in the policy to the Bank. If the Executive fails to exercise such option within the period allowed, the Executive shall be deemed to have elected to assign the policy to the Bank and in
that event the Bank shall be authorized to take all such action in the name of the Executive and as his or her attorney-in-fact to confirm and complete such assignment. The Bank and the Executive agree that each shall use its or his best efforts to
determine and carry out the Executive’s decision under this Paragraph within such 90 day period, and prior to the due date of the first premium under the policy to become due subsequent to the Executive’s retirement or other termination of
employment, even if such due date is earlier than the last day of the 90 day period otherwise allowed by this Paragraph. 
  

	VII.	DEATH OF THE EXECUTIVE 

 At the time of the death of the Executive, the value of
the Bank’s ownership interest, as defined in Paragraph III herein, shall be paid to the Bank as one of the beneficiaries of the policy. Upon receipt of this money, the Bank shall have no further interest in the policy. 

 

	VIII.	THE EXECUTIVE’S ASSIGNMENT RIGHTS 

 As long as the Bank has an ownership
interest in the policy, the Executive shall not transfer or assign any right, title or interest in the subject policy or any rights, options, privileges or duties created under this agreement, without the written consent of the Bank. 

 

	IX.	NAMED FIDUCIARY AND PLAN ADMINISTRATOR 

 First Trade Union Bank is hereby
designated the “Named Fiduciary and Plan Administrator.” 
  

	X.	FUNDING 

 The funding policy for this contractual arrangement shall be to pay each
premium the Bank elects to pay which is otherwise due and payable pursuant to the terms of the policy not later than the last day for payment thereunder (giving due consideration to any grace period allowed by the issuer of the policy). 

	XI.	AMENDMENT 

 The Plan may be amended at any time and from time to time, by a
written instrument executed by the Bank and the Executive, their successors and assigns. 
  

	XII.	BASIS OF PREMIUM PAYMENTS AND BENEFITS 

 Payments to and from the Plan adopted
herein shall be in accordance with provisions of Paragraphs III through IX inclusive. 
  

	XIII.	CLAIMS PROCEDURE FOR LIFE INSURANCE AND SPLIT DOLLAR PLAN  

 A. Claim forms or
claim information as to the subject policy can be obtained by contacting the Benefit Marketing Group, Inc. 
 When the Named Fiduciary has a
claim which may be covered under the insurance policy provisions, he should contact the office named above, whose representative will either complete a claim form and forward it to an authorized representative of the Insurer or advise the Named
Fiduciary what further requirements are necessary. The Insurer will evaluate the claim and make a decision as to payment within ninety (90) days of the date the claim is received by the Insurer. If the claim is payable, the benefit check will
be issued to the Named Fiduciary and forwarded through the office named above. In the event that a claim is not eligible under the policy, the Insurer will notify the Named Fiduciary of the denial. Such notification will be made in writing within
ninety (90) days of the date the claim is received, and will be transmitted through the office named above. The notification will include the specific reasons for the denial, as well as the specific reference to the policy provisions upon which
the denial is based. The Named Fiduciary will also be informed as to the steps which may be taken to have the claim denial reviewed. A decision as to the validity of a claim will ordinarily be made within ten (10) working days of the date the
claim is received by the Insurer. Occasionally, however, certain questions may prevent the Insurer from rendering a decision on the validity of the claim within the specific ninety day period. If this occurs, the Named Fiduciary will be notified of
the reasons for the delay, as well as the anticipated length of the delay, in writing and through the office named above. If future information or other material is required, the Named Fiduciary will be so informed. 

If the Named Fiduciary is dissatisfied with the denial of the claim, or the amount paid, he has sixty (60) days from the date he receives
notice of a claim denial or receipt of the amount paid to file his objections to the action taken by the Insurer. If the Named Fiduciary wishes to contest a claim denial, he should notify the office named above for their assistance in making inquiry
to the Insurer. All objections to the Insurer’s actions should be in writing and submitted to the office named above for transmittal to the Insurer. 

 The Insurer will review the claim denial or amount paid and render a decision on such objections.
The Named Fiduciary will be informed in writing of the decision of the Insurer within sixty (60) days of the date the claim review request is received by the Insurer. This decision will be final. 

B. Once a decision has been rendered as to the distribution of proceeds under the claim procedure described above as to the policy, claims for
any benefits due under the Plan or the surrender of the policy may be made in writing by the designated beneficiary and Insured (or assigned) of their designated beneficiary, as the case may be, to the Named Fiduciary. 

In the event a claim for benefits is wholly or partly denied or disputed, the Named Fiduciary shall within a reasonable period of time, after
receipt of the claim, notify the designated beneficiary and Insured (or assignee) or their designated beneficiary, as the case may be, of such total or partial denial of dispute listing: 

 

	 	(1)	The specific reason or reasons for the denial of dispute; 

  

	 	(2)	Specific reference to pertinent plan provisions upon which the denial or dispute is based; 

  

	 	(3)	A description of any additional information necessary for the claimant to perfect the claim and an explanation of why such material or information is necessary, and; 

 

	 	(4)	An explanation of the plan’s review procedure. Within sixty (60) days of denial or notice of claim under the plan, a claimant may request that the claim be reviewed by the Named Fiduciary in a full and fair
hearing. A final decision shall be rendered by the Named Fiduciary within sixty (60) days after receipt of request for review. 

  

	XIV.	AGREEMENT BINDING UPON PARTIES 

 This agreement shall bind the Bank and the
Executive, their heirs, successors, personal representatives and assigns. This amended and restated agreement supercedes in their entirety the provisions of the Prior Agreement and the Supplemental Agreement. 

 

	XV.	INSURANCE COMPANY NOT A PARTY TO AGREEMENT 

 The Insurer shall not be deemed a
part to this agreement, but will respect the rights of the parties as herein developed, upon receiving an executed copy of this agreement. Nor shall the Insurer be responsible to account for the actual premium contributions of the parties herein
below, but shall rely solely upon the written declarations of the parties in any distributions or settlement of the policy’s lifetime or death values. Payment or other performance of its contractual obligations in accordance with the policy
provisions shall fully discharge the Insurer from any and all liability. 

					
	Accepted by:	 		 	Accepted and approved by the Board of Directors of the First Trade Union Bank
			
	  
	 		 	  

		 		 	Chairman of the BoardEX-10.8

 Exhibit 10.8 

 
  

RADIUS BANCORP INC. 

2014 OMNIBUS INCENTIVE PLAN 
  

 

 Table of Contents 

 

							
	 	 	 	  	Page	 
	1.	 	PURPOSE	  	 	1	  
	2.	 	DEFINITIONS	  	 	1	  
	3.	 	ADMINISTRATION OF THE PLAN	  	 	9	  
		 	3.1 Committee.	  	 	9	  
		 	        3.1.1 Powers and Authorities.	  	 	9	  
		 	        3.1.2 Composition of Committee.	  	 	9	  
		 	        3.1.3 Other Committees.	  	 	10	  
		 	3.2 Board.	  	 	10	  
		 	3.3 Terms of Awards.	  	 	10	  
		 	        3.3.1 Committee Authority.	  	 	10	  
		 	        3.3.2 Forfeiture; Recoupment.	  	 	11	  
		 	3.4 No Repricing.	  	 	12	  
		 	3.5 Deferral Arrangement.	  	 	12	  
		 	3.6 No Liability.	  	 	12	  
		 	3.7 Registration; Share Certificates.	  	 	12	  
	4.	 	STOCK SUBJECT TO THE PLAN	  	 	12	  
		 	4.1 Number of Shares of Stock Available for Awards.	  	 	12	  
		 	4.2 Adjustments in Authorized Shares of Stock.	  	 	13	  
		 	4.3 Share Usage.	  	 	13	  
	5.	 	EFFECTIVE DATE; TERM; AMENDMENT AND TERMINATION	  	 	14	  
		 	5.1 Effective Date.	  	 	14	  
		 	5.2 Term.	  	 	14	  
		 	5.3 Amendment and Termination.	  	 	14	  
	6.	 	AWARD ELIGIBILITY AND LIMITATIONS	  	 	14	  
		 	6.1 Eligible Grantees.	  	 	14	  
		 	6.2 Limitation on Shares of Stock Subject to Awards and Cash Awards.	  	 	14	  
		 	6.3 Stand-Alone, Additional, Tandem, and Substitute Awards.	  	 	15	  
	7.	 	AWARD AGREEMENT	  	 	15	  
	8.	 	TERMS AND CONDITIONS OF OPTIONS	  	 	16	  
		 	8.1 Option Price.	  	 	16	  
		 	8.2 Vesting.	  	 	16	  
		 	8.3 Term.	  	 	16	  
		 	8.4 Termination of Service.	  	 	16	  
		 	8.5 Limitations on Exercise of Option.	  	 	16	  
		 	8.6 Method of Exercise.	  	 	17	  
		 	8.7 Rights of Grantees of Options.	  	 	17	  
		 	8.8 Delivery of Stock.	  	 	17	  
		 	8.9 Transferability of Options.	  	 	17	  
		 	8.10 Family Transfers.	  	 	17	  
		 	8.11 Limitations on Incentive Stock Options.	  	 	18	  
		 	8.12 Notice of Disqualifying Disposition.	  	 	18	  
	9.	 	TERMS AND CONDITIONS OF RESTRICTED STOCK AND STOCK UNITS	  	 	18	  

  
 i 

							
		 	9.1 Grant of Restricted Stock or Stock Units.	  	 	18	  
		 	9.2 Restrictions.	  	 	18	  
		 	9.3 Registration; Restricted Share Certificates.	  	 	19	  
		 	9.4 Rights of Grantees of Restricted Stock.	  	 	19	  
		 	9.5 Rights of Grantees of Stock Units.	  	 	20	  
		 	        9.5.1 Voting and Dividend Rights.	  	 	20	  
		 	        9.5.2 Creditor’s Rights.	  	 	20	  
		 	9.6 Termination of Service.	  	 	20	  
		 	9.7 Purchase of Restricted Stock and Shares of Stock Subject to Stock Units.	  	 	20	  
		 	9.8 Delivery of Shares of Stock.	  	 	21	  
	10.	 	TERMS AND CONDITIONS OF UNRESTRICTED STOCK AWARDS AND OTHER EQUITY-BASED AWARDS	  	 	21	  
		 	10.1. Unrestricted Stock Awards.	  	 	21	  
		 	10.2. Other Equity-Based Awards.	  	 	21	  
	11.	 	FORM OF PAYMENT FOR OPTIONS AND RESTRICTED STOCK	  	 	22	  
		 	11.1 General Rule.	  	 	22	  
		 	11.2 Surrender of Shares of Stock.	  	 	22	  
		 	11.3 Cashless Exercise.	  	 	22	  
		 	11.4 Other Forms of Payment.	  	 	22	  
	12.	 	TERMS AND CONDITIONS OF DIVIDEND EQUIVALENT RIGHTS	  	 	22	  
		 	12.1. Dividend Equivalent Rights.	  	 	23	  
		 	12.2. Termination of Service.	  	 	23	  
	13.	 	TERMS AND CONDITIONS OF PERFORMANCE-BASED AWARDS	  	 	23	  
		 	13.1 Grant of Performance-Based Awards.	  	 	23	  
		 	13.2 Value of Performance-Based Awards.	  	 	24	  
		 	13.3 Earning of Performance-Based Awards.	  	 	24	  
		 	13.4 Form and Timing of Payment of Performance-Based Awards.	  	 	24	  
		 	13.5 Performance Conditions.	  	 	24	  
		 	13.6 Performance-Based Awards Granted to Designated Covered Employees.	  	 	24	  
		 	        13.6.1 Performance Goals Generally.	  	 	25	  
		 	        13.6.2 Timing for Establishing Performance Goals.	  	 	25	  
		 	        13.6.3 Payment of Awards; Other Terms.	  	 	25	  
		 	        13.6.4 Performance Measures.	  	 	27	  
		 	        13.6.5 Evaluation of Performance.	  	 	27	  
		 	        13.6.6 Adjustment of Performance-Based Compensation.	  	 	28	  
		 	        13.6.7 Committee Discretion.	  	 	28	  
		 	13.7 Status of Awards under Code Section 162(m).	  	 	28	  
	14.	 	PARACHUTE LIMITATIONS	  	 	29	  
	15.	 	REQUIREMENTS OF LAW	  	 	29	  
		 	15.1 General.	  	 	29	  
		 	15.2 Rule 16b-3.	  	 	30	  
	16.	 	EFFECT OF CHANGES IN CAPITALIZATION	  	 	30	  
		 	16.1 Changes in Stock.	  	 	30	  
		 	16.2 Reorganization in which the Company is the Surviving Entity which does not Constitute a Change in Control.	  	 	31	  
		 	16.3 Change in Control in which Awards are not Assumed.	  	 	31	  

  
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		 	16.4 Change in Control in which Awards are Assumed.	  	 	32	  
		 	16.5 Adjustments	  	 	33	  
		 	16.6 No Limitations on Company.	  	 	33	  
	17.	 	GENERAL PROVISIONS	  	 	33	  
		 	17.1 Disclaimer of Rights.	  	 	33	  
		 	17.2 Nonexclusivity of the Plan.	  	 	34	  
		 	17.3 Withholding Taxes.	  	 	34	  
		 	17.4 Captions.	  	 	35	  
		 	17.5 Construction.	  	 	35	  
		 	17.6 Other Provisions.	  	 	35	  
		 	17.7 Number and Gender.	  	 	35	  
		 	17.8 Severability.	  	 	35	  
		 	17.9 Governing Law.	  	 	35	  
		 	17.10 Section 409A of the Code.	  	 	36	  

  
 iii 

 Exhibit 10.8 

RADIUS BANCORP INC. 

2014 OMNIBUS INCENTIVE PLAN 

Radius Bancorp Inc. (the “Company”) sets forth herein the terms of its 2014 Omnibus Incentive Plan (the
“Plan”), as follows: 
  

	1.	PURPOSE 

 The Plan is intended to (a) provide eligible persons with an incentive to
contribute to the success of the Company and to operate and manage the Company’s business in a manner that will provide for the Company’s long-term growth and profitability to benefit its stockholders and other important stakeholders,
including its Employees and customers, and (b) provide a means of recruiting, rewarding, and retaining key personnel. To this end, the Plan provides for the grant of Awards of Options, Restricted Stock, Stock Units, Unrestricted Stock, Dividend
Equivalent Rights, Performance Shares and other Performance-Based Awards, Other Equity-Based Awards, and cash bonus awards. Any of these Awards may, but need not, be made as performance incentives to reward the Grantees of such Awards for the
achievement of performance goals in accordance with the terms of the Plan. Options granted under the Plan may be Non-qualified Stock Options or Incentive Stock Options, as provided herein. 

 

	2.	DEFINITIONS 

 For purposes of interpreting the Plan documents (including the Plan and
Award Agreements), the following definitions shall apply: 
 2.1 “Affiliate” means any company or other entity that
controls, is controlled by, or is under common control with the Company within the meaning of Rule 405 of Regulation C under the Securities Act, including any Subsidiary. For purposes of grants of Options, an entity may not be considered
an Affiliate unless the Company holds a “controlling interest” in such entity within the meaning of Treasury Regulations Section 1.414(c)-2(b)(2)(i); provided, that (a) except as specified in clause (b) below, an
interest of “at least 50 percent” shall be used instead of an interest of “at least 80 percent” in each case where “at least 80 percent” appears in Treasury Regulations Section 1.414(c)-2(b)(2)(i) and
(b) where the grant of Options is based upon a legitimate business criterion, an interest of “at least 20 percent” shall be used instead of an interest of “at least 80 percent” in each case where “at least 80
percent” appears in Treasury Regulations Section 1.414(c)-2(b)(2)(i). 
 2.2 “Applicable Laws” means the legal
requirements relating to the Plan and the Awards under (a) applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders of any jurisdiction applicable to Awards granted to residents therein
and (b) the rules of any Stock Exchange on which the Stock is listed. 
 2.3 “Award” means a grant under the Plan of
an Option, Restricted Stock, a Stock Unit, Unrestricted Stock, a Dividend Equivalent Right, a Performance Share or other Performance-Based Award, an Other Equity-Based Award, or cash. 

 2.4 “Award Agreement” means the agreement between the Company and a Grantee that
evidences and sets out the terms and conditions of an Award. 
 2.5 “Award Stock” shall have the meaning set forth in
Section 16.3(a)(ii). 
 2.6 “Bank” means Radius Bank. 

2.7 “Benefit Arrangement” shall have the meaning set forth in Section 14.  

2.8 “Board” means the Board of Directors of the Company. 

2.9 “Cause” means, as determined by the Committee and unless otherwise provided in an applicable agreement with the
Company, the Bank, or an Affiliate, the Grantee’s (a) personal dishonesty, (b) incompetence, (c) willful misconduct, (d) breach of fiduciary duties involving personal profit, (e) intentional failure to perform stated
duties, or (f) willful violation of any law, rule, or regulation (other than traffic violations or similar offenses) or final cease-and-desist order. Any determination by the Committee whether an event constituting Cause shall have occurred
shall be final, binding, and conclusive. 
 2.10 “Capital Stock” means, with respect to any Person, any and all shares,
interests, participations, or other equivalents (however designated, whether voting or non-voting) in equity of such Person, whether outstanding on the Effective Date or issued thereafter, including, without limitation, all Stock of the Company.

 2.11 “Change in Control” means the occurrence of any of the following: 

 

	 	(a)	The consummation of a reorganization, merger, or consolidation of the Company, respectively, with one (1) or more other Persons, other than a transaction following which: 

 

	 	(1)	At least fifty-one percent (51%) of the equity ownership interests of the entity resulting from such transaction are beneficially owned (within the meaning of Rule 13d-3 promulgated under the Exchange Act) in
substantially the same relative proportions by Persons who, immediately prior to such transaction, beneficially owned (within the meaning of Rule 13d-3 promulgated under the Exchange Act) at least fifty-one percent (51%) of the outstanding
equity ownership interests in the Company; and 

  

	 	(2)	At least fifty-one percent (51%) of the securities entitled to vote generally in the election of directors of the entity resulting from such transaction are beneficially owned (within the meaning of Rule 13d-3
promulgated under the Exchange Act) in substantially the same relative proportions by Persons who, immediately prior to such transaction, beneficially owned (within the meaning of Rule 13d-3 promulgated under the Exchange Act) at least fifty-one
percent (51%) of the securities entitled to vote generally in the election of directors of the Company; 

  
 2 

	 	(b)	The acquisition of all or substantially all of the assets of the Company or beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of twenty-five percent (25%) or more of the
outstanding securities of the Company entitled to vote generally in the election of directors by any Person or by any Persons acting in concert, or approval by the stockholders of the Company of any transaction which would result in such an
acquisition; 

  

	 	(c)	A complete liquidation or dissolution of the Company; 

  

	 	(d)	The occurrence of any event if, immediately following such event, at least fifty percent (50%) of the members of the Board of the Company do not belong to any of the following groups: 

 

	 	(1)	Individuals who were members of the Board of the Company on the Effective Date; or 

  

	 	(2)	Individuals who first became members of the Board of the Company after the Effective Date either: 

  

	 	(A)	Upon election to serve as a member of the Board of the Company by affirmative vote of three-quarters (3/4) of the members of such Board, or of a nominating committee thereof, in office at the time of such first
election; or 

  

	 	(B)	Upon election by the stockholders of the Company to serve as a member of the Board of the Company, but only if nominated for election by affirmative vote of three-quarters (3/4) of the members of the Board of the
Company, or of a nominating committee thereof, in office at the time of such first nomination; 

 provided, however,
that such individual’s election or nomination did not result from an actual or threatened election contest or other actual or threatened solicitation of proxies or consents other than by or on behalf of the Board of the Company; or 

 

	 	(e)	Approval by the stockholders of the Company of any agreement, plan, or arrangement for the consummation of a transaction which, if consummated, would result in the occurrence of an event described in paragraphs (a),
(b), (c), or (d) above. 

  
 3 

	 	(f)	Any event which would be described in paragraphs (a), (b), (c), (d), or (e) above if the term “Bank” were substituted for the term “Company” therein. 

In no event, however, shall a Change in Control be deemed to have occurred (i) as a result of any acquisition of securities or assets of
the Company, the Bank, or any Subsidiary of either of them, (A) by the Company, the Bank, or any subsidiary of either of them or (B) by any employee benefit plan maintained by any of them or (ii) upon the closing of the Company’s
Initial Public Offering. 
 2.12 “Code” means the Internal Revenue Code of 1986, as amended, as now in effect or as
hereafter amended, and any successor thereto. References in the Plan to any Code Section shall be deemed to include, as applicable, regulations and guidance promulgated under such Code Section. 

2.13 “Committee” means a committee of, and designated from time to time by resolution of, the Board, which shall be
constituted as provided in Section 3.1.2 and Section 3.1.3 (or, if no Committee has been so designated, the Board). 

2.14 “Company” means Radius Bancorp Inc. and its successors. 

2.15 “Covered Employee” means a Grantee who is a “covered employee” within the meaning of Code
Section 162(m)(3). 
 2.16 “Disability” means, as determined by the Committee and unless otherwise provided in an
applicable agreement with the Company, the Bank, or an Affiliate, the inability of a Grantee to perform each of the essential duties of such Grantee’s position by reason of a medically determinable physical or mental impairment which is
potentially permanent in character or which can be expected to last for a continuous period of not less than twelve (12) months; provided, that, with respect to rules regarding expiration of an Incentive Stock Option following
termination of a Grantee’s Service, Disability shall mean the inability of such Grantee to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death
or which has lasted or can be expected to last for a continuous period of not less than twelve (12) months. 
 2.17 “Dividend
Equivalent Right” means a right, granted to a Grantee pursuant to Section 12.1, to receive cash, Stock, other Awards, or other property equal in value to dividends or other periodic payments paid or made with respect to a
specified number of shares of Stock. 
 2.18 “Effective Date” means the date of the closing of the Initial Public Offering.

 2.19 “Employee” means, as of any date of determination, an employee (including an officer) of the Company, the Bank, or
an Affiliate. 
 2.20 “Exchange Act” means the Securities Exchange Act of 1934, as amended, as now in effect or as
hereafter amended, and any successor thereto. 

  
 4 

 2.21 “Fair Market Value” means the fair market value of a share of Stock for
purposes of the Plan, which shall be determined as of any Grant Date as follows: 
  

	 	(a)	If on such Grant Date the shares of Stock are listed on a Stock Exchange, or are publicly traded on another established securities market (a “Securities Market” ), the Fair Market Value of a share of
Stock shall be the closing price of the Stock as reported on such Stock Exchange or such Securities Market (provided that, if there is more than one such Stock Exchange or Securities Market, the Committee shall designate the appropriate Stock
Exchange or Securities Market for purposes of the Fair Market Value determination). If there is no such reported closing price on such Grant Date, the Fair Market Value of a share of Stock shall be the closing price of the Stock on the next
preceding day on which any sale of Stock shall have been reported on such Stock Exchange or such Securities Market. 

  

	 	(b)	If on such Grant Date the shares of Stock are not listed on a Stock Exchange or publicly traded on a Securities Market, the Fair Market Value of a share of Stock shall be the value of the Stock as determined by the
Committee by the reasonable application of a reasonable valuation method, in a manner consistent with Code Section 409A. 

Notwithstanding this Section 2.21 or Section 17.3, for purposes of determining taxable income and the amount of the
related tax withholding obligation pursuant to Section 17.3, the Fair Market Value will be determined by the Company using any reasonable method; provided, further, that for any shares of Stock subject to an Award that are sold by
or on behalf of a Grantee on the same date on which such shares may first be sold pursuant to the terms of the related Award Agreement, the Fair Market Value of such shares shall be the sale price of such shares on such date (or if sales of such
shares are effectuated at more than one sale price, the weighted average sale price of such shares on such date). 
 2.22 “Family
Member” means, with respect to any Grantee as of any date of determination, (a) a person who is a spouse, former spouse, child, stepchild, grandchild, parent, stepparent, grandparent, niece, nephew, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother, sister, brother-in-law, or sister-in-law, including adoptive relationships, of such Grantee, (b) any person sharing such Grantee’s household (other than a tenant or employee), (c) a trust in which
any one or more of the persons specified in clauses (a) and (b) above (and such Grantee) own more than fifty percent (50%) of the beneficial interest, (d) a foundation in which any one or more of the persons specified in clauses
(a) and (b) above (and such Grantee) control the management of assets, and (e) any other entity in which one or more of the persons specified in clauses (a) and (b) above (and such Grantee) own more than fifty percent
(50%) of the voting interests. 
 2.23 “Fully Diluted Basis” means, as of any date of determination, the sum of
(x) the number of shares of Voting Stock outstanding as of such date of determination plus (y) the number of shares of Voting Stock issuable upon the exercise, conversion, or exchange of all

  
 5 

 
then-outstanding warrants, options, convertible Capital Stock or indebtedness, exchangeable Capital Stock or indebtedness, or other rights exercisable for or convertible or exchangeable into,
directly or indirectly, shares of Voting Stock, whether at the time of issue or upon the passage of time or upon the occurrence of some future event, and whether or not in the money as of such date of determination. 

2.24 “Grant Date” means, as determined by the Committee, the latest to occur of (a) the date as of which the Committee
approves the Award, (b) the date on which the recipient of an Award first becomes eligible to receive an Award under Section 6 hereof (e.g., in the case of a new hire, the first date on which such new hire performs any Service), or
(c) such subsequent date specified by the Committee in the corporate action approving the Award. 
 2.25 “Grantee”
means a person who receives or holds an Award under the Plan. 
 2.26 “Incentive Stock Option” means an “incentive
stock option” within the meaning of Code Section 422, or the corresponding provision of any subsequently enacted tax statute, as amended from time to time. 

2.27 “Initial Public Offering” means the closing of the initial public offering by the Company of the Stock. 

2.28 “Non-qualified Stock Option” means an Option that is not an Incentive Stock Option. 

2.29 “Option” means an option to purchase one or more shares of Stock pursuant to the Plan. 

2.30 “Option Price” means the exercise price for each share of Stock subject to an Option. 

2.31 “Other Agreement” shall have the meaning set forth in Section 14.  

2.32 “Other Equity-Based Award” means an Award representing a right or other interest that may be denominated or payable in,
valued in whole or in part by reference to, or otherwise based on, or related to, Stock, other than an Option, Restricted Stock, a Stock Unit, Unrestricted Stock, a Dividend Equivalent Right, or a Performance Share. 

2.33 “Outside Director” means a member of the Board who is not an Employee. 

2.34 “Parachute Payment” shall have the meaning set forth in Section 14(a). 

2.35 “Performance-Based Award” means an Award of Options, Restricted Stock, Stock Units, Performance Shares, Other
Equity-Based Awards, or cash made subject to the achievement of performance goals (as provided in Section 13) over a Performance Period specified by the Committee. 

2.36 “Performance-Based Compensation” means compensation under an Award that is intended to satisfy the requirements of Code
Section 162(m) for “qualified performance-based 

  
 6 

 
compensation” paid to Covered Employees. Notwithstanding the foregoing, nothing in the Plan shall be construed to mean that an Award which does not satisfy the requirements for
“qualified performance-based compensation” within the meaning of and pursuant to Code Section 162(m) does not constitute performance-based compensation for other purposes, including for purposes of Code Section 409A. 

2.37 “Performance Measures” means measures as specified in Section 13.6.4 on which the performance goals under
Performance-Based Awards are based and which are approved by the Company’s stockholders pursuant to, and to the extent required by, the Plan in order to qualify such Performance-Based Awards as Performance-Based Compensation. 

2.38 “Performance Period” means the period of time during which the performance goals under Performance-Based Awards must be
met in order to determine the degree of payout and/or vesting with respect to any such Performance-Based Awards. 
 2.39
“Performance Shares” means a Performance-Based Award representing a right or other interest that may be denominated or payable in, valued in whole or in part by reference to, or otherwise based on, or related to, Stock, made subject
to the achievement of performance goals (as provided in Section 13) over a Performance Period of up to ten (10) years. 

2.40 “Person” means an individual, a corporation, a partnership, a limited liability company, an association, a trust, or any
other entity or organization, including a government or political subdivision or an agency or instrumentality thereof. 
 2.41
“Plan” means this Radius Bancorp Inc. 2014 Omnibus Incentive Plan, as amended from time to time. 
 2.42 “Prior
Plan” means the Radius Bancorp Inc. Deferred Incentive Plan, effective as of June 30, 2009 and as amended, and all awards issued thereunder. 

2.43 “Reporting Person” means a person who is required to file reports under Section 16(a) of the Exchange Act, or any
successor provision. 
 2.44 “Restricted Period” shall have the meaning set forth in Section 9.2.  

2.45 “Restricted Stock” means shares of Stock awarded to a Grantee pursuant to Section 10.  

2.46 “Securities Act” means the Securities Act of 1933, as amended, as now in effect or as hereafter amended, and any
successor thereto. 
 2.47 “Service” means service qualifying a Grantee as a Service Provider to the Company, the Bank, or
an Affiliate. Unless otherwise provided in the applicable Award Agreement, a Grantee’s change in position or duties shall not result in interrupted or terminated Service, so long as such Grantee continues to be a Service Provider to the
Company, the Bank, or an Affiliate. Subject to the preceding sentence, any determination by the Committee whether a termination of Service shall have occurred for purposes of the Plan shall be final, binding, and

  
 7 

 
conclusive. If a Service Provider’s employment or other service relationship is with an Affiliate and the applicable entity ceases to be an Affiliate, a termination of Service shall be
deemed to have occurred when such entity ceases to be an Affiliate unless the Service Provider transfers his or her employment or other service relationship to the Company or any other Affiliate. 

2.48 “Service Provider” means an Employee, officer, or director of the Company, the Bank, or an Affiliate, or a consultant or
adviser (who is a natural person) to the Company, the Bank, or an Affiliate currently providing services to the Company, the Bank, or an Affiliate. 

2.49 “Stock” means the common stock, $0.0001 par value per share, of the Company, or any security which shares of Stock may
be changed into or for which shares of Stock may be exchanged as provided in Section 16.1.  
 2.50 “Stock
Exchange” means the NASDAQ Global Market or another established national or regional stock exchange. 
 2.51 “Stock
Unit” means a bookkeeping entry representing the equivalent of one (1) share of Stock awarded to a Grantee pursuant to Section 9 that (a) is not subject to vesting or (b) is subject to time-based vesting, but not
to performance-based vesting. A Stock Unit may also be referred to as a restricted stock unit. 
 2.52 “Subsidiary” means
any corporation (other than the Company) or non-corporate entity with respect to which the Company owns, directly or indirectly, fifty percent (50%) or more of the total combined voting power of all classes of stock, membership interests, or
other ownership interests of any class or kind ordinarily having the power to vote for the directors, managers, or other voting members of the governing body of such corporation or non-corporate entity. In addition, any other entity may be
designated by the Committee as a Subsidiary; provided, that (a) such entity could be considered as a subsidiary according to generally accepted accounting principles in the United States of America, and (b) in the case of an Award
of Options, such Award would be considered to be granted in respect of “service recipient stock” under Code Section 409A. 

2.53 “Substitute Award” means an Award granted upon assumption of, or in substitution for, outstanding awards previously
granted under a compensatory plan by a business entity acquired or to be acquired by the Company, the Bank, or an Affiliate or with which the Company, the Bank, or an Affiliate has combined or will combine. 

2.54 “Ten Percent Stockholder” means a natural person who owns more than ten percent (10%) of the total combined voting
power of all classes of outstanding voting securities of the Company, the Company’s parent (if any), or any of the Company’s Subsidiaries. In determining stock ownership, the attribution rules of Code Section 424(d) shall apply. 

2.55 “Unrestricted Stock” shall have the meaning set forth in Section 10.1. 

2.56 “Voting Stock” means, with respect to any Person, Capital Stock of any class or kind ordinarily having the power to vote
for the election of directors, managers, or other voting members of the governing body of such Person. 

  
 8 

	3.	ADMINISTRATION OF THE PLAN 

  

	 	3.1	Committee. 

 3.1.1 Powers and Authorities. 

The Committee shall administer the Plan and shall have such powers and authorities related to the administration of the Plan as are consistent
with the Company’s certificate of incorporation and bylaws and Applicable Laws. Without limiting the generality of the foregoing, the Committee shall have full power and authority to take all actions and to make all determinations required or
provided for under the Plan, any Award, or any Award Agreement, and shall have full power and authority to take all such other actions and make all such other determinations not inconsistent with the specific terms and provisions of the Plan which
the Committee deems to be necessary or appropriate to the administration of the Plan, any Award, or any Award Agreement. All such actions and determinations shall be made by (a) the affirmative vote of a majority of the members of the Committee
present at a meeting at which a quorum is present or (b) in accordance with the Company’s certificate of incorporation and bylaws and Applicable Laws, the unanimous consent of the members of the Committee executed in writing or evidenced
by electronic transmission. Unless otherwise expressly determined by the Board, the Committee shall have the authority to interpret and construe all provisions of the Plan, any Award, and any Award Agreement, and any such interpretation or
construction, and any other determination contemplated to be made under the Plan or any Award Agreement, by the Committee shall be final, binding, and conclusive whether or not expressly provided for in any provision of the Plan, such Award, or such
Award Agreement. 
 In the event that the Plan, any Award, or any Award Agreement provides for any action to be taken by the Board or any
determination to be made by the Board, such action may be taken or such determination may be made by the Committee constituted in accordance with this Section 3.1 if the Board has delegated the power and authority to do so to such
Committee. 
 3.1.2 Composition of Committee. 

The Committee shall be a committee composed of not fewer than two (2) directors of the Company designated by the Board to administer the
Plan. Each member of the Committee shall be a “Non-Employee Director” within the meaning of Rule 16b-3 under the Exchange Act, an “outside director” within the meaning of Code Section 162(m)(4)(C)(i), and for so long as
the Stock is listed on the NASDAQ Global Market, an “independent director” within the meaning of Section 5605(a)(2) of the NASDAQ Listing Rules; provided, that any action taken by the Committee shall be valid and effective
whether or not members of the Committee at the time of such action are later determined not to have satisfied the requirements for membership set forth in this Section 3.1.2 or otherwise provided in any charter of the Committee. Without
limiting the generality of the foregoing, the Committee may be the Compensation Committee of the Board or a subcommittee thereof if the Compensation Committee of the Board or such subcommittee satisfies the foregoing requirements. 

  
 9 

 3.1.3 Other Committees. 

The Board also may appoint one or more committees of the Board, each composed of one (1) or more directors of the Company who need not be
Outside Directors, which may administer the Plan with respect to Grantees who are not “officers” as defined in Rule 16a-1(f) under the Exchange Act or directors of the Company, may grant Awards under the Plan to such Grantees, and may
determine all terms of such Awards, subject to the requirements of Rule 16b-3 under the Exchange Act, Code Section 162(m), and for so long as the Stock is listed on the NASDAQ Global Market, the rules of such Stock Exchange. 

 

	 	3.2	Board. 

 The Board from time to time may exercise any or all of the powers and
authorities related to the administration and implementation of the Plan, as set forth in Section 3.1 and other applicable provisions of the Plan, as the Board shall determine, consistent with the Company’s certificate of
incorporation and bylaws and Applicable Laws. 
  

	 	3.3	Terms of Awards. 

 3.3.1 Committee Authority. 

Subject to the other terms and conditions of the Plan, the Committee shall have full and final authority to: 

 

	 	(a)	designate Grantees; 

  

	 	(b)	determine the type or types of Awards to be made to a Grantee; 

  

	 	(c)	determine the number of shares of Stock to be subject to an Award; 

  

	 	(d)	establish the terms and conditions of each Award (including the Option Price of any Option or the purchase price for Restricted Stock), the nature and duration of any restriction or condition (or provision for lapse
thereof) relating to the vesting, exercise, transfer, or forfeiture of an Award or the shares of Stock subject thereto, the treatment of an Award in the event of a Change in Control (subject to applicable agreements), and any terms or conditions
that may be necessary to qualify Options as Incentive Stock Options; 

  

	 	(e)	prescribe the form of each Award Agreement evidencing an Award; and 

  

	 	(f)	 subject to the limitation on repricing in Section 3.4, amend, modify, or supplement the terms of any
outstanding Award, which authority shall include the authority, in order to effectuate the purposes of the Plan but without amending the Plan, to make Awards or to modify outstanding Awards made to eligible natural persons who are foreign nationals
or are natural persons who are employed outside the United States to reflect differences in local law, tax policy, or custom; provided, that, notwithstanding the foregoing, no amendment, modification, or

  
 10 

	 	
supplement of the terms of any outstanding Award shall, without the consent of the Grantee thereof, impair such Grantee’s rights under such Award. 

The Committee shall have the right, in its discretion, to make Awards in substitution or exchange for any award granted under another
compensatory plan of the Company, the Bank, an Affiliate, or any business entity acquired or to be acquired by the Company, the Bank, or an Affiliate or with which the Company, the Bank, or an Affiliate has combined or will combine. 

3.3.2 Forfeiture; Recoupment. 

If any time within one (1) year after the date on which a Grantee exercises an Option, or receives payment of a Performance-Based Award,
or on which Restricted Stock or Stock Units vest, or on which income is realized by a Grantee in connection with any other Award (each of which events shall be a “realization event”), the Board determines in its discretion that the Company
has been materially harmed by the Grantee, whether such harm (a) results in the Grantee’s termination or deemed termination of employment for Cause or (b) results from any activity of the Grantee determined by the Board to be in
competition with any activity of the Company, the Bank, or an Affiliate, or otherwise prejudicial, contrary, or harmful to the interests of the Company, the Bank, or an Affiliate (including, but not limited to, accepting employment with or serving
as a consultant, adviser, or in any other capacity to an entity that is in competition with or acting against the interests of the Company, the Bank, or an Affiliate), then any gain realized by the Grantee from the realization event shall be paid by
the Grantee to the Company upon notice from the Company. Such gain shall be determined as of the date of the realization event, without regard to any subsequent change in the Fair Market Value of the Stock. The Company shall have the right to offset
such gain against any amounts otherwise owed to the Grantee by the Company, the Bank, or an Affiliate (whether as wages, vacation pay, or pursuant to any benefit plan or other compensatory arrangement). 

In addition, the Committee may reserve the right in an Award Agreement to cause a forfeiture of the gain realized by a Grantee with respect to
an Award thereunder on account of actions taken by, or failed to be taken by, such Grantee in violation or breach of or in conflict with any (a) employment agreement, (b) non-competition agreement, (c) agreement prohibiting
solicitation of Employees or clients of the Company, the Bank, or an Affiliate, (d) confidentiality obligation with respect to the Company, the Bank, or an Affiliate, (e) Company or Bank policy or procedure, (f) other agreement, or
(g) any other obligation of such Grantee to the Company, the Bank, or an Affiliate, as and to the extent specified in such Award Agreement. The Committee may annul an outstanding Award if the Grantee thereof is an Employee of the Company, the
Bank, or an Affiliate and is terminated for Cause as defined in the Plan or the applicable Award Agreement or for “cause” as defined in any other agreement between the Company, the Bank, or an Affiliate and such Grantee, as applicable.

 Any Award granted pursuant to the Plan shall be subject to mandatory repayment by the Grantee to the Company to the extent the Grantee
is, or in the future becomes, subject to (a) any Company or Bank “clawback” or recoupment policy that is adopted to comply with the requirements of any Applicable Law, rule, regulation, or otherwise, or (b) any law, rule, or
regulation which imposes mandatory recoupment, under circumstances set forth in such law, rule, or regulation. 

  
 11 

	 	3.4	No Repricing. 

 Except in connection with a corporate transaction involving the Company
(including, without limitation, any stock dividend, distribution (whether in the form of cash, shares of Stock, other securities or other property), stock split, extraordinary cash dividend, recapitalization, Change in Control, reorganization,
merger, consolidation, split-up, spin-off, combination, repurchase, or exchange of shares of Stock or other securities or similar transaction), the Company may not, without obtaining stockholder approval: (a) amend the terms of outstanding
Options to reduce the Option Price of such outstanding Options; (b) cancel outstanding Options in exchange for, or substitution of, Options with an Option Price that is less than the Option Price of the original Options; or (c) cancel
outstanding Options with an Option Price above the current stock price in exchange for cash or other securities. 
  

	 	3.5	Deferral Arrangement. 

 The Committee may permit or require the deferral of any payment
pursuant to any Award into a deferred compensation arrangement, subject to such rules and procedures as it may establish, which may include provisions for the payment or crediting of interest or Dividend Equivalent Rights and, in connection
therewith, provisions for converting such credits into Stock Units and for restricting deferrals to comply with hardship distribution rules affecting tax-qualified retirement plans subject to Code Section 401(k)(2)(B)(IV); provided, that
no Dividend Equivalent Rights may be granted in connection with, or related to, an Award of Options. Any such deferrals shall be made in a manner that complies with Code Section 409A, including, if applicable, with respect to when a
“separation from service” occurs (as defined under Code Section 409A). 
  

	 	3.6	No Liability. 

 No member of the Board or the Committee shall be liable for any action or
determination made in good faith with respect to the Plan, any Award, or any Award Agreement. 
  

	 	3.7	Registration; Share Certificates. 

 Notwithstanding any provision of the Plan to the
contrary, the ownership of the shares of Stock issued under the Plan may be evidenced in such a manner as the Committee, in its sole discretion, deems appropriate, including by book-entry or direct registration (including transaction advices) or the
issuance of one or more share certificates. 
  

	4.	STOCK SUBJECT TO THE PLAN 

  

	 	4.1	Number of Shares of Stock Available for Awards. 

 Subject to such additional shares of
Stock as shall be available for Awards under the Plan pursuant to Section 4.2, and subject to adjustment pursuant to Section 16.1, the 

  
 12 

 
maximum number of shares of Stock available for issuance under the Plan shall be equal to five hundred thousand (500,000) shares of Stock. Such shares of Stock may be authorized and unissued
shares of Stock or treasury shares of Stock or any combination of the foregoing, as may be determined from time to time by the Board or by the Committee. Any of the shares of Stock available for issuance under the Plan may be used for any type of
Award under the Plan, and any or all of the shares of Stock available for issuance under the Plan shall be available for issuance pursuant to Incentive Stock Options. 
  

	 	4.2	Adjustments in Authorized Shares of Stock. 

 In connection with mergers, reorganizations,
separations, or other transactions to which Code Section 424(a) applies, the Committee shall have the right to cause the Company to assume awards previously granted under a compensatory plan by another business entity that is a party to such
transaction and to substitute Awards under the Plan for such awards. The number of shares of Stock available for issuance under the Plan pursuant to Section 4.1 shall be increased by the number of shares of Stock subject to any such
assumed awards and substitute Awards. Shares available for issuance under a stockholder-approved plan of a business entity that is a party to such transaction (as appropriately adjusted, if necessary, to reflect such transaction) may be used for
Awards under the Plan and shall not reduce the number of shares of Stock otherwise available for issuance under the Plan, subject to applicable rules of any Stock Exchange on which the Stock is listed. 

 

	 	4.3	Share Usage. 

 Shares of Stock subject to an Award shall be counted as used as of the
Grant Date. Any shares of Stock that are subject to Awards shall be counted against the limit set forth in Section 4.1 as one (1) share of Stock for every one (1) share of Stock subject to an Award. If any shares of Stock
covered by an Award granted under the Plan are not purchased or are forfeited or expire, or if an Award otherwise terminates without delivery of any shares of Stock subject thereto or is settled in cash in lieu of shares of Stock, then the number of
shares of Stock counted against the aggregate number of shares of Stock available under the Plan with respect to such Award shall, to the extent of any such forfeiture, termination, or expiration, again be available for making Awards under the Plan
in the same amount as such shares of Stock were counted against the limit set forth in Section 4.1.  
 The number of
shares of Stock available for issuance under the Plan shall not be increased by the number of shares of Stock (i) tendered or withheld or subject to an Award surrendered in connection with the purchase of shares of Stock upon exercise of an
Option as provided in Section 11.2, (ii) deducted or delivered from payment of an Award of an Option in connection with the Company’s tax withholding obligations as provided in Section 17.3, or (iii) purchased
by the Company with proceeds from Option exercises. 

  
 13 

	5.	EFFECTIVE DATE; TERM; AMENDMENT AND TERMINATION 

  

	 	5.1	Effective Date. 

 The Plan shall become effective as of the Effective Date. As of the
Effective Date, no awards may be made under the Prior Plan. 
  

	 	5.2	Term. 

 The Plan shall terminate automatically on the day preceding the tenth (10th) anniversary of the Effective Date and may be terminated on any earlier date as provided in Section 5.3. 
  

	 	5.3	Amendment and Termination. 

 The Board may, at any time and from time to time, amend,
suspend, or terminate the Plan; provided, that with respect to Awards theretofore granted under the Plan, no amendment, suspension, or termination of the Plan shall, without the consent of the Grantee, impair the rights or obligations under
any such Award. The effectiveness of any amendment to the Plan shall be contingent on approval of such amendment by the Company’s stockholders to the extent provided by the Board or required by Applicable Laws (including the rules of any Stock
Exchange on which the Stock is then listed); provided, that no amendment shall be made to the no-repricing provisions of Section 3.4 or the Option pricing provisions of Section 8.1 without the approval of the
Company’s stockholders. 
  

	6.	AWARD ELIGIBILITY AND LIMITATIONS 

  

	 	6.1	Eligible Grantees. 

 Subject to this Section 6, Awards may be made under the
Plan to (i) any Service Provider, as the Committee shall determine and designate from time to time, and (ii) any other individual whose participation in the Plan is determined to be in the best interests of the Company by the Committee.

  

	 	6.2	Limitation on Shares of Stock Subject to Awards and Cash Awards. 

 During any time when
the Company has a class of equity security registered under Section 12 of the Exchange Act: 
  

	 	(a)	The maximum number of shares of Stock subject to Options that may be granted under the Plan in a calendar year to any person eligible for an Award under Section 6.1 is one hundred twenty-five thousand
(125,000) shares; 

  

	 	(b)	The maximum number of shares of Stock that may be granted under the Plan pursuant to Awards, other than pursuant to Options, that are Stock-denominated and are either Stock- or cash-settled in a calendar year to any
person eligible for an Award under Section 6.1 is one hundred twenty-five thousand (125,000) shares; and 

  
 14 

	 	(c)	The maximum amount that may be paid as a cash-denominated Performance-Based Award (whether or not cash-settled) for a Performance Period of twelve (12) months or less to any person eligible for an Award under
Section 6.1 shall be one million dollars ($1,000,000.00), and the maximum amount that may be paid as a cash-denominated Performance-Based Award (whether or not cash-settled) for a Performance Period of greater than twelve
(12) months to any person eligible for an Award shall be one million dollars ($1,000,000.00). 

 The preceding
limitations in this Section 6.2 are subject to adjustment as provided in Section 16.  
  

	 	6.3	Stand-Alone, Additional, Tandem, and Substitute Awards. 

 Subject to
Section 3.4, Awards granted under the Plan may, in the discretion of the Committee, be granted either alone or in addition to, in tandem with, or in substitution or exchange for, (a) any other Award, (b) any award granted under
another plan of the Company, the Bank, an Affiliate, or any business entity that has been a party to a transaction with the Company, the Bank, or an Affiliate, or (c) any other right of a Grantee to receive payment from the Company, the Bank,
or an Affiliate. Such additional, tandem, substitute, or exchange Awards may be granted at any time. If an Award is granted in substitution or exchange for another Award, or for an award granted under another plan of the Company, the Bank, an
Affiliate, or any business entity that has been a party to a transaction with the Company, the Bank, or an Affiliate, the Committee shall require the surrender of such other Award or award under such other plan in consideration for the grant of such
substitute or exchange Award. In addition, Awards may be granted in lieu of cash compensation, including in lieu of cash payments under other plans of the Company or an Affiliate. Notwithstanding Section 8.1 but subject to
Section 3.4, the Option Price of an Option that is a Substitute Award may be less than one hundred percent (100%) of the Fair Market Value of a share of Stock on the original Grant Date; provided, that such Option Price is
determined in accordance with the principles of Code Section 424 for any Incentive Stock Option and consistent with Code Section 409A for any other Option. 
  

	7.	AWARD AGREEMENT 

 Each Award granted pursuant to the Plan shall be evidenced by an Award
Agreement, which shall be in such form or forms as the Committee shall from time to time determine. Award Agreements employed under the Plan from time to time or at the same time need not contain similar provisions but shall be consistent with the
terms of the Plan. Each Award Agreement evidencing an Award of Options shall specify whether such Options are intended to be Non-qualified Stock Options or Incentive Stock Options, and in the absence of such specification, such Options shall be
deemed to constitute Non-qualified Stock Options. 

  
 15 

	8.	TERMS AND CONDITIONS OF OPTIONS 

  

	 	8.1	Option Price. 

 The Option Price of each Option shall be fixed by the Committee and
stated in the Award Agreement evidencing such Option. Except in the case of Substitute Awards, the Option Price of each Option shall be at least the Fair Market Value of one (1) share of Stock on the Grant Date; provided, that in the
event that a Grantee is a Ten Percent Stockholder, the Option Price of an Option granted to such Grantee that is intended to be an Incentive Stock Option shall be not less than one hundred ten percent (110%) of the Fair Market Value of one
(1) share of Stock on the Grant Date. In no case shall the Option Price of any Option be less than the par value of a share of Stock. 
  

	 	8.2	Vesting. 

 Subject to Sections 8.3 and 16.3, each Option granted under
the Plan shall become exercisable at such times and under such conditions as shall be determined by the Committee and stated in the Award Agreement, in another agreement with the Grantee, or otherwise in writing; provided, that no Option
shall be granted to individuals who are entitled to overtime under applicable state or federal laws that will vest or become exercisable within a six (6)-month period starting on the Grant Date. 

 

	 	8.3	Term. 

 Each Option granted under the Plan shall terminate, and all rights to purchase
shares of Stock thereunder shall cease, upon the expiration of ten (10) years from the Grant Date of such Option, or under such circumstances and on such date prior thereto as is set forth in the Plan or as may be fixed by the Committee and
stated in the Award Agreement relating to such Option; provided, that in the event that the Grantee is a Ten Percent Stockholder, an Option granted to such Grantee that is intended to be an Incentive Stock Option shall not be exercisable
after the expiration of five (5) years from its Grant Date; and provided, further, that, to the extent deemed necessary or appropriate by the Committee to reflect differences in local law, tax policy, or custom with respect to any Option
granted to a Grantee who is a foreign national or is a natural person who is employed outside the United States, such Option may terminate, and all rights to purchase shares of Stock thereunder may cease, upon the expiration of such period longer
than ten (10) years from the Grant Date of such Option as the Committee shall determine. 
  

	 	8.4	Termination of Service. 

 Each Award Agreement with respect to the grant of an Option
shall set forth the extent to which the Grantee thereof, if at all, shall have the right to exercise such Option following termination of such Grantee’s Service. Such provisions shall be determined in the sole discretion of the Committee, need
not be uniform among all Options issued pursuant to the Plan, and may reflect distinctions based on the reasons for termination of Service. 
  

	 	8.5	Limitations on Exercise of Option. 

 Notwithstanding any other provision of the Plan, in
no event may any Option be exercised, in whole or in part, prior to the date the Plan is approved by the stockholders of the Company as provided herein or after the occurrence of an event referred to in Section 16 which results in the
termination of such Option. 

  
 16 

	 	8.6	Method of Exercise. 

 Subject to the terms of Section 10 and
Section 17.3, an Option that is exercisable may be exercised by the Grantee’s delivery to the Company or its designee or agent of notice of exercise on any business day, at the Company’s principal office or the office of such
designee or agent, on the form specified by the Company and in accordance with any additional procedures specified by the Committee. Such notice shall specify the number of shares of Stock with respect to which such Option is being exercised and
shall be accompanied by payment in full of the Option Price of the shares of Stock for which such Option is being exercised plus the amount (if any) of federal and/or other taxes which the Company may, in its judgment, be required to withhold with
respect to the exercise of such Option. 
  

	 	8.7	Rights of Grantees of Options. 

 Unless otherwise stated in the applicable Award
Agreement, a Grantee or other person holding or exercising an Option shall have none of the rights of a stockholder of the Company (for example, the right to receive cash or dividend payments or distributions attributable to the shares of Stock
subject to such Option, to direct the voting of the shares of Stock subject to such Option, or to receive notice of any meeting of the Company’s stockholders) until the shares of Stock subject thereto are fully paid and issued to such Grantee
or other person. Except as provided in Section 16, no adjustment shall be made for dividends, distributions, or other rights with respect to any shares of Stock subject to an Option for which the record date is prior to the date of
issuance of such shares of Stock. 
  

	 	8.8	Delivery of Stock. 

 Promptly after the exercise of an Option by a Grantee and the
payment in full of the Option Price with respect thereto, such Grantee shall be entitled to receive such evidence of such Grantee’s ownership of the shares of Stock subject to such Option as shall be consistent with Section 3.7.
 
  

	 	8.9	Transferability of Options. 

 Except as provided in Section 8.10, during the
lifetime of a Grantee of an Option, only such Grantee (or, in the event of such Grantee’s legal incapacity or incompetency, such Grantee’s guardian or legal representative) may exercise such Option. Except as provided in
Section 8.10, no Option shall be assignable or transferable by the Grantee to whom it is granted, other than by will or the laws of descent and distribution. 
  

	 	8.10	Family Transfers. 

 If authorized in the applicable Award Agreement or by the Committee,
in its sole discretion, a Grantee may transfer, not for value, all or part of an Option which is not an Incentive Stock Option to any Family Member. For the purpose of this Section 8.10, a transfer

  
 17 

 
“not for value” is a transfer which is (a) a gift, (b) a transfer under a domestic relations order in settlement of marital property rights, or (c) unless Applicable Laws
do not permit such transfer, a transfer to an entity in which more than fifty percent (50%) of the voting interests are owned by Family Members (and/or the Grantee) in exchange for an interest in such entity. Following a transfer under this
Section 8.10, any such Option shall continue to be subject to the same terms and conditions as were applicable immediately prior to such transfer, and the shares of Stock acquired pursuant to such Option shall be subject to the same
restrictions with respect to transfers of such shares of Stock as would have applied to the Grantee thereof. Subsequent transfers of transferred Options shall be prohibited except to Family Members of the original Grantee in accordance with this
Section 8.10 or by will or the laws of descent and distribution. The provisions of Section 8.4 relating to termination of Service shall continue to be applied with respect to the original Grantee of the Option, following
which such Option shall be exercisable by the transferee only to the extent, and for the periods specified, in Section 8.4. 
  

	 	8.11	Limitations on Incentive Stock Options. 

 An Option shall constitute an Incentive Stock
Option only (a) if the Grantee of such Option is an Employee of the Company or any corporate Subsidiary, (b) to the extent specifically provided in the related Award Agreement, and (c) to the extent that the aggregate Fair Market
Value (determined at the time such Option is granted) of the shares of Stock with respect to which all Incentive Stock Options held by such Grantee become exercisable for the first time during any calendar year (under the Plan and all other plans of
the Company, the Bank, and its Affiliates) does not exceed one hundred thousand dollars ($100,000). Except to the extent provided in the regulations under Code Section 422, this limitation shall be applied by taking Options into account in the
order in which they were granted. 
  

	 	8.12	Notice of Disqualifying Disposition. 

 If any Grantee shall make any disposition of
shares of Stock issued pursuant to the exercise of an Incentive Stock Option under the circumstances provided in Code Section 421(b) (relating to certain disqualifying dispositions), such Grantee shall notify the Company of such disposition
within ten (10) days thereof. 
  

	9.	TERMS AND CONDITIONS OF RESTRICTED STOCK AND STOCK UNITS 

  

	 	9.1	Grant of Restricted Stock or Stock Units. 

 Awards of Restricted Stock and Stock Units
may be made for consideration or for no consideration, other than the par value of the shares of Stock, which shall be deemed paid by past Service or, if so provided in the related Award Agreement or a separate agreement, the promise by the Grantee
to perform future Service to the Company, the Bank, or an Affiliate. 
  

	 	9.2	Restrictions. 

 At the time a grant of Restricted Stock or Stock Units is made, the
Committee may, in its sole discretion, (a) establish a period of time (a “Restricted Period”) applicable to such Restricted Stock or Stock Units and (b) prescribe restrictions in addition to or other than the

  
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expiration of the Restricted Period, including the achievement of corporate or individual performance goals, which may be applicable to all or any portion of such Restricted Stock or Stock Units
as provided in Section 12. Awards of Restricted Stock and Stock Units may not be sold, transferred, assigned, pledged, or otherwise encumbered or disposed of during the Restricted Period or prior to the satisfaction of any other
restrictions prescribed by the Committee with respect to such Awards. 
  

	 	9.3	Registration; Restricted Share Certificates. 

 Pursuant to Section 3.7, to
the extent that ownership of Restricted Stock is evidenced by a book-entry registration or direct registration (including transaction advices), such registration shall be notated to evidence the restrictions imposed on such Award of Restricted Stock
under the Plan and the applicable Award Agreement. Subject to Section 3.7 and the immediately following sentence, the Company may issue, in the name of each Grantee to whom Restricted Stock has been granted, share certificates
representing the total number of shares of Restricted Stock granted to the Grantee, as soon as reasonably practicable after the Grant Date of such Restricted Stock. The Committee may provide in an Award Agreement with respect to an Award of
Restricted Stock that either (a) the Secretary of the Company shall hold such share certificates for such Grantee’s benefit until such time as such shares of Restricted Stock are forfeited to the Company or the restrictions applicable
thereto lapse and such Grantee shall deliver a stock power to the Company with respect to each share certificate, or (b) such share certificates shall be delivered to such Grantee; provided, that such share certificates shall bear
legends that comply with applicable securities laws and regulations and make appropriate reference to the restrictions imposed on such Award of Restricted Stock under the Plan and such Award Agreement. 

 

	 	9.4	Rights of Grantees of Restricted Stock. 

 Unless the Committee otherwise provides in an
Award Agreement, Grantees of Restricted Stock shall have the right to vote such shares of Restricted Stock and the right to receive any dividends declared or paid with respect to such shares of Restricted Stock. The Committee may provide that any
dividends paid on Restricted Stock must be reinvested in shares of Stock, which may or may not be subject to the same vesting conditions and restrictions as the vesting conditions and restrictions applicable to such Restricted Stock. Dividends paid
on Restricted Stock which vests or is earned based upon the achievement of performance goals shall not vest unless such performance goals for such Restricted Stock are achieved, and if such performance goals are not achieved, the Grantee of such
Restricted Stock shall promptly forfeit and repay to the Company such dividend payments. All stock distributions, if any, received by a Grantee with respect to Restricted Stock as a result of any stock split, stock dividend, combination of stock, or
other similar transaction shall be subject to the vesting conditions and restrictions applicable to such Restricted Stock. 

  
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	 	9.5	Rights of Grantees of Stock Units. 

 9.5.1 Voting and Dividend Rights. 

Grantees of Stock Units shall have no rights as stockholders of the Company (for example, the right to receive cash or dividend payments or
distributions attributable to the shares of Stock subject to such Stock Units, to direct the voting of the shares of Stock subject to such Stock Units, or to receive notice of any meeting of the Company’s stockholders). The Committee may
provide in an Award Agreement evidencing a grant of Stock Units that the Grantee of such Stock Units shall be entitled to receive, upon the Company’s payment of a cash dividend on its outstanding shares of Stock, a cash payment for each such
Stock Unit which is equal to the per-share dividend paid on such shares of Stock. Dividends paid on Stock Units which vest or are earned based upon the achievement of performance goals shall not vest unless such performance goals for such Stock
Units are achieved, and if such performance goals are not achieved, the Grantee of such Stock Units shall promptly forfeit and repay to the Company such dividend payments. Such Award Agreement also may provide that such cash payment shall be deemed
reinvested in additional Stock Units at a price per unit equal to the Fair Market Value of a share of Stock on the date on which such cash dividend is paid. Such cash payments paid in connection with Stock Units which vest or are earned based upon
the achievement of performance goals shall not vest unless such performance goals for such Stock Units are achieved, and if such performance goals are not achieved, the Grantee of such Stock Units shall promptly forfeit and repay to the Company such
cash payments. 
 9.5.2 Creditor’s Rights. 

A Grantee of Stock Units shall have no rights other than those of a general unsecured creditor of the Company. Stock Units represent unfunded
and unsecured obligations of the Company, subject to the terms and conditions of the applicable Award Agreement. 
  

	 	9.6	Termination of Service. 

 Unless the Committee otherwise provides in an Award Agreement,
in another agreement with the Grantee, or otherwise in writing after such Award Agreement is entered into, but prior to termination of Grantee’s Service, upon the termination of such Grantee’s Service, any Restricted Stock or Stock Units
held by such Grantee that have not vested, or with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture of such Restricted Stock or Stock Units, the Grantee thereof shall
have no further rights with respect thereto, including any right to vote such Restricted Stock or any right to receive dividends with respect to such Restricted Stock or Stock Units. 

 

	 	9.7	Purchase of Restricted Stock and Shares of Stock Subject to Stock Units. 

 The Grantee of
an Award of Restricted Stock or vested Stock Units shall be required, to the extent required by Applicable Laws, to purchase such Restricted Stock or the shares of Stock subject to such vested Stock Units from the Company at a purchase price equal
to the greater of (x) the aggregate par value of the shares of Stock represented by such Restricted Stock or such vested Stock Units or (y) the purchase price, if any, specified in the Award Agreement relating to such Restricted Stock or
such vested Stock Units. Such purchase price shall be payable in a form provided in Section 10 or, in the sole discretion of the Committee, in consideration for Service rendered or to be rendered to the Company, the Bank, or an
Affiliate. 

  
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	 	9.8	Delivery of Shares of Stock. 

 Upon the expiration or termination of any Restricted
Period and the satisfaction of any other conditions prescribed by the Committee, including, but not limited to, any delayed delivery period, the restrictions applicable to Restricted Stock or Stock Units settled in shares of Stock shall lapse, and,
unless otherwise provided in the applicable Award Agreement, a book-entry or direct registration (including transaction advices) or a share certificate evidencing ownership of such shares of Stock shall, consistent with Section 3.7, be
issued, free of all such restrictions, to the Grantee thereof or such Grantee’s beneficiary or estate, as the case may be. Neither the Grantee, nor the Grantee’s beneficiary or estate, shall have any further rights with regard to a Stock
Unit once the shares of Stock represented by such Stock Unit have been delivered in accordance with this Section 9.8. 
  

	10.	TERMS AND CONDITIONS OF UNRESTRICTED STOCK AWARDS AND OTHER EQUITY-BASED AWARDS 

  

	 	10.1.	Unrestricted Stock Awards. 

 The Committee may, in its sole discretion, grant (or sell at
the par value of a share of Stock or at such other higher purchase price as shall be determined by the Committee) an Award to any Grantee pursuant to which such Grantee may receive shares of Stock free of any restrictions (“Unrestricted
Stock”) under the Plan. Unrestricted Stock Awards may be granted or sold to any Grantee as provided in the immediately preceding sentence in respect of past Service or, if so provided in the related Award Agreement or a separate agreement,
the promise by the Grantee to perform future Service, to the Company, the Bank, or an Affiliate or other valid consideration, or in lieu of, or in addition to, any cash compensation due to such Grantee. 

 

	 	10.2.	Other Equity-Based Awards. 

 The Committee may, in its sole discretion, grant Awards in
the form of Other Equity-Based Awards, as deemed by the Committee to be consistent with the purposes of the Plan. Awards granted pursuant to this Section 10.2 may be granted with vesting, value, and/or payment contingent upon the
achievement of one or more performance goals. The Committee shall determine the terms and conditions of Other Equity-Based Awards at the Grant Date or thereafter. Any dividends paid on Other Equity-Based Awards which vest or are earned based upon
the achievement of performance goals shall not vest unless such performance goals for such Other Equity-Based Awards are achieved, and if such performance goals are not achieved, the Grantee of such Other Equity-Based Award shall promptly forfeit
and repay to the Company such dividend payments. Unless the Committee provides otherwise in an Award Agreement, in another agreement with the Grantee, or otherwise in writing after such Award Agreement is issued, upon the termination of a
Grantee’s Service, any Other Equity-Based Awards held by such Grantee that have not vested, or with respect to which all applicable restrictions and conditions have not lapsed, shall immediately be deemed forfeited. Upon forfeiture of any Other
Equity-Based Award, the Grantee thereof shall have no further rights with respect to such Other Equity-Based Award. 

  
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	11.	FORM OF PAYMENT FOR OPTIONS AND RESTRICTED STOCK 

  

	 	11.1	General Rule. 

 Payment of the Option Price for the shares of Stock purchased pursuant to
the exercise of an Option or the purchase price, if any, for Restricted Stock shall be made in cash or in cash equivalents acceptable to the Company. 
  

	 	11.2	Surrender of Shares of Stock. 

 To the extent that the applicable Award Agreement so
provides, payment of the Option Price for shares of Stock purchased pursuant to the exercise of an Option or the purchase price, if any, for Restricted Stock may be made all or in part through the tender or attestation to the Company of shares of
Stock, which shall be valued, for purposes of determining the extent to which such Option Price or purchase price has been paid thereby, at their Fair Market Value on the date of such tender or attestation. 

 

	 	11.3	Cashless Exercise. 

 To the extent permitted by Applicable Laws and to the extent the
Award Agreement so provides, payment of the Option Price for shares of Stock purchased pursuant to the exercise of an Option may be made all or in part by delivery (on a form acceptable to the Committee) of an irrevocable direction to a licensed
securities broker acceptable to the Company to sell shares of Stock and to deliver all or part of the proceeds of such sale to the Company in payment of such Option Price and any withholding taxes described in Section 17.3, or, with the
consent of the Company, by issuing the number of shares of Stock equal in value to the difference between such Option Price and the Fair Market Value of the shares of Stock subject to the portion of such Option being exercised. 

 

	 	11.4	Other Forms of Payment. 

 To the extent the Award Agreement so provides and/or unless
otherwise specified in an Award Agreement, payment of the Option Price for shares of Stock purchased pursuant to exercise of an Option or the purchase price, if any, for Restricted Stock may be made in any other form that is consistent with
Applicable Laws, including (a) Service by the Grantee thereof to the Company, the Bank, or an Affiliate and (b) by withholding shares of Stock that would otherwise vest or be issuable in an amount equal to the Option Price or purchase
price and the required tax withholding amount. 
  

	12.	TERMS AND CONDITIONS OF DIVIDEND EQUIVALENT RIGHTS 

  

	 	12.1.	Dividend Equivalent Rights. 

 A Dividend Equivalent Right is an Award entitling the
recipient thereof to receive credits based on cash distributions that would have been paid on the shares of Stock specified in 

  
 22 

 
such Dividend Equivalent Right (or other Award to which such Dividend Equivalent Right relates) if such shares of Stock had been issued to and held by the recipient of such Dividend Equivalent
Right as of the record date. A Dividend Equivalent Right may be granted hereunder to any Grantee; provided, that no Dividend Equivalent Rights may be granted in connection with, or related to, an Award of Options. The terms and conditions of
Dividend Equivalent Rights shall be specified in the Award Agreement therefor. Dividend equivalents credited to the Grantee of a Dividend Equivalent Right may be paid currently (with or without being subject to forfeiture or a repayment obligation)
or may be deemed to be reinvested in additional shares of Stock, which may thereafter accrue additional Dividend Equivalent Rights (with or without being subject to forfeiture or a repayment obligation). Any such reinvestment shall be at the Fair
Market Value thereof on the date of such reinvestment. Dividend Equivalent Rights may be settled in cash or shares of Stock or a combination thereof, in a single installment or in multiple installments, all as determined in the sole discretion of
the Committee. A Dividend Equivalent Right granted as a component of another Award may provide that such Dividend Equivalent Right shall be settled upon exercise, settlement, or payment of, or lapse of restrictions on, such other Award, and that
such Dividend Equivalent Right shall expire or be forfeited or annulled under the same conditions as such other Award. A Dividend Equivalent Right granted as a component of another Award also may contain terms and conditions which are different from
the terms and conditions of such other Award; provided, that, Dividend Equivalent Rights credited pursuant to a Dividend Equivalent Right granted as a component of another Award which vests or is earned based upon the achievement of
performance goals shall not vest unless such performance goals for such underlying Award are achieved, and if such performance goals are not achieved, the Grantee of such Dividend Equivalent Rights shall promptly forfeit and repay to the Company
payments made in connection with such Dividend Equivalent Rights. 
  

	 	12.2.	Termination of Service. 

 Unless the Committee otherwise provides in an Award Agreement,
in another agreement with the Grantee, or otherwise in writing after such Award Agreement is issued, a Grantee’s rights in all Dividend Equivalent Rights shall automatically terminate upon such Grantee’s termination of Service for any
reason. 
  

	13.	TERMS AND CONDITIONS OF PERFORMANCE-BASED AWARDS 

  

	 	13.1	Grant of Performance-Based Awards. 

 Subject to the terms and provisions of the Plan, the
Committee, at any time and from time to time, may grant Performance-Based Awards to an individual eligible for an Award under Section 6.1 in such amounts and upon such terms as the Committee shall determine. 

 

	 	13.2	Value of Performance-Based Awards. 

 Each grant of a Performance-Based Award shall have
an actual or target number of shares of Stock or initial value that is established by the Committee at the time of grant. The Committee shall set performance goals in its discretion which, depending on the extent to which they are achieved, shall
determine the value and/or number of shares of Stock subject to a Performance-Based Award that will be paid out to the Grantee thereof. 

  
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	 	13.3	Earning of Performance-Based Awards. 

 Subject to the terms of the Plan, in particular
Section 13.6.3, after the applicable Performance Period has ended, the Grantee of Performance-Based Awards shall be entitled to receive a payout on the number of the Performance-Based Awards or value earned by such Grantee over such
Performance Period. 
  

	 	13.4	Form and Timing of Payment of Performance-Based Awards. 

 Payment of earned
Performance-Based Awards shall be made in the manner described in the applicable Award Agreement as determined by the Committee. Subject to the terms of the Plan, the Committee, in its sole discretion, may pay earned Performance-Based Awards in the
form of cash or shares of Stock (or a combination thereof) equal to the value of such earned Performance-Based Awards and shall pay the Awards that have been earned at the close of the applicable Performance Period, or as soon as reasonably
practicable after the Committee has determined that the performance goal or goals relating thereto have been achieved; provided, that, unless specifically provided in the Award Agreement for such Awards and to the extent necessary to comply
with Section 409A of the Code, such payment shall occur no later than the fifteenth (15th) day of the third (3rd) month
following the end of the calendar year in which such Performance Period ends. Any shares of Stock paid out under such Performance-Based Awards may be granted subject to any restrictions deemed appropriate by the Committee. The determination of the
Committee with respect to the form of payout of such Performance-Based Awards shall be set forth in the Award Agreement therefor. 
  

	 	13.5	Performance Conditions. 

 The right of a Grantee to exercise or receive a grant or
settlement of any Performance-Based Award, and the timing thereof, may be subject to such performance conditions as may be specified by the Committee. The Committee may use such business criteria and other measures of performance as it may deem
appropriate in establishing any performance conditions. If and to the extent required under Code Section 162(m), any power or authority relating to an Award intended to qualify under Code Section 162(m) shall be exercised by the Committee
and not by the Board. 
  

	 	13.6	Performance-Based Awards Granted to Designated Covered Employees. 

 If and to the extent
that the Committee determines that a Performance-Based Award to be granted to a Grantee should constitute “qualified performance-based compensation” for purposes of Code Section 162(m), the grant, exercise, and/or settlement of such
Award shall be contingent upon achievement of pre-established performance goals and other terms set forth in this Section 13.6. 

13.6.1 Performance Goals Generally. 

The performance goals for Performance-Based Awards shall consist of one (1) or more business criteria and a targeted level or levels of
performance with respect to each of such criteria, as specified by the Committee consistent with this Section 13.6. Performance goals 

  
 24 

 
shall be objective and shall otherwise meet the requirements of Code Section 162(m), including the requirement that the level or levels of performance targeted by the Committee result in the
achievement of performance goals being “substantially uncertain.” The Committee may determine that such Awards shall be granted, exercised, and/or settled upon achievement of any single performance goal or of two (2) or more
performance goals. Performance goals may differ for Awards granted to any one Grantee or to different Grantees. 
 13.6.2 Timing for
Establishing Performance Goals. 
 Performance goals for any Performance-Based Award shall be established not later than the earlier of
(a) ninety (90) days after the beginning of any Performance Period applicable to such Award, and (b) the date on which twenty-five percent (25%) of any Performance Period applicable to such Award has expired, or at such other
date as may be required or permitted for compensation payable to a Covered Employee to constitute Performance-Based Compensation. 

13.6.3 Payment of Awards; Other Terms. 

Payment of Performance-Based Awards shall be in cash, shares of Stock, or other Awards, including an Award that is subject to additional
Service-based vesting, as determined in the sole discretion of the Committee. The Committee may, in its sole discretion, reduce the amount of a payment otherwise to be made in connection with such Awards. The Committee shall specify the
circumstances in which such Performance-Based Awards shall be paid or forfeited in the event of termination of Service by the Grantee prior to the end of a Performance Period or settlement of such Awards. In the event payment of the
Performance-Based Award is made in the form of another Award subject to Service-based vesting, the Committee shall specify the circumstances in which the payment Award will be paid or forfeited in the event of a termination of Service. 

13.6.4 Performance Measures. 

The performance goals upon which the payment or vesting of a Performance-Based Award to a Covered Employee that is intended to qualify as
Performance-Based Compensation may be conditioned shall be limited to the following Performance Measures, with or without adjustment: 
  

	 	(a)	net earnings or net income; 

  

	 	(b)	operating earnings; 

  

	 	(c)	pretax earnings; 

  

	 	(d)	earnings per share; 

  

	 	(e)	share price, including growth measures and total stockholder return; 

  

	 	(f)	earnings before interest and taxes; 

  
 25 

	 	(g)	earnings before interest, taxes, depreciation and/or amortization; 

  

	 	(h)	earnings before interest, taxes, depreciation and/or amortization, as adjusted to exclude any one or more of the following: 

  

	 	•	 	stock-based compensation expense; 

  

	 	•	 	income from discontinued operations; 

  

	 	•	 	gain on cancellation of debt; 

  

	 	•	 	debt extinguishment and related costs; 

  

	 	•	 	restructuring, separation, and/or integration charges and costs; 

  

	 	•	 	reorganization and/or recapitalization charges and costs; 

  

	 	•	 	impairment charges; 

  

	 	•	 	gain or loss related to investments; 

  

	 	•	 	sales and use tax settlement; and 

  

	 	•	 	gain on non-monetary transactions; 

  

	 	(i)	sales or revenue growth, whether in general, by type of product or service, or by type of customer; 

  

	 	(j)	gross or operating margins; 

  

	 	(k)	return measures, including return on assets, capital, investment, equity, sales, or revenue; 

  

	 	(l)	cash flow, including: 

  

	 	•	 	operating cash flow; 

  

	 	•	 	free cash flow, defined as earnings before interest, taxes, depreciation, and/or amortization (as adjusted to exclude any one or more of the items that may be excluded pursuant to the Performance Measure specified in
clause (h) above) less capital expenditures; 

  

	 	•	 	levered free cash flow, defined as free cash flow less interest expense; 

  

	 	•	 	cash flow return on equity; and 

  

	 	•	 	cash flow return on investment; 

  

	 	(m)	productivity ratios; 

  

	 	(n)	expense targets; 

  

	 	(o)	market share; 

  
 26 

	 	(p)	financial ratios as provided in credit agreements of the Company and its subsidiaries; 

  

	 	(q)	working capital targets; 

  

	 	(r)	completion of acquisitions of businesses or companies; 

  

	 	(s)	completion of divestitures and asset sales; 

  

	 	(t)	customer satisfaction; or 

  

	 	(u)	any combination of the foregoing business criteria. 

 Performance under any of the foregoing
Performance Measures (a) may be used to measure the performance of (i) the Company, the Bank, Subsidiaries of the Company and the Bank, and other Affiliates as a whole, (ii) the Company, the Bank, any Subsidiary, and/or any other
Affiliate, or any combination thereof, or (iii) any one or more business units or operating segments of the Company, the Bank, any Subsidiary, and/or any other Affiliate, as the Committee, in its sole discretion, deems appropriate, (b) may
be compared to the performance of one or more other companies or one or more published or special indices designated or approved by the Committee for such comparison, as the Committee, in its sole discretion, deems appropriate, and (c) may be
measured based on absolute numbers or rates of growth or reduction in the applicable measure. In addition, the Committee, in its sole discretion, may select performance under the Performance Measure specified in clause (e) above for comparison
to performance under one or more stock market indices designated or approved by the Committee. The Committee also shall have the authority to provide for accelerated vesting of any Performance-Based Award based on the achievement of performance
goals pursuant to the Performance Measures specified in this Section 13.  
 13.6.5 Evaluation of Performance.

 The Committee may provide in any Performance-Based Award that any evaluation of performance may include or exclude any of the
following events that occur during a Performance Period: (a) asset write-downs; (b) litigation or claims, judgments, or settlements; (c) the effect of changes in tax laws, accounting principles, or other laws or provisions affecting
reported results; (d) any reorganization or restructuring events or programs; (e) extraordinary, non-core, non-operating, or non-recurring items; (f) acquisitions or divestitures; (g) foreign exchange gains and losses;
(h) tax valuation allowance reversals; (i) impairment expense; and (j) environmental expense. To the extent such inclusions or exclusions affect Awards to Covered Employees that are intended to qualify as Performance-Based
Compensation, such inclusions or exclusions shall be prescribed in a form that meets the requirements of Code Section 162(m) for deductibility. 

13.6.6 Adjustment of Performance-Based Compensation. 

The Committee shall have the sole discretion to adjust Awards that are intended to qualify as Performance-Based Compensation, either on a
formula or discretionary basis, or on any combination thereof, as the Committee determines consistent with the requirements of Code Section 162(m) for deductibility. 

  
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 13.6.7 Committee Discretion. 

In the event that Applicable Laws change to permit Committee discretion to alter the governing Performance Measures without obtaining
stockholder approval of such changes, the Committee shall have sole discretion to make such changes without obtaining stockholder approval; provided, that the exercise of such discretion shall not be inconsistent with the requirements of Code
Section 162(m). In addition, in the event that the Committee determines that it is advisable to grant Awards that shall not qualify as Performance-Based Compensation, the Committee may make such grants without satisfying the requirements of
Code Section 162(m) and base vesting on Performance Measures other than those set forth in Section 13.6.4. 
  

	 	13.7	Status of Awards under Code Section 162(m). 

 It is the intent of the Company that
Performance-Based Awards under Section 13.6 granted to persons who are designated by the Committee as likely to be Covered Employees within the meaning of Code Section 162(m) and the regulations promulgated thereunder shall, if so
designated by the Committee, constitute “qualified performance-based compensation” within the meaning of Code Section 162(m). Accordingly, the terms of Section 13.6, including the definitions of Covered Employee and other
terms used therein, shall be interpreted in a manner consistent with Code Section 162(m). If any provision of the Plan or any agreement relating to any such Performance-Based Award does not comply or is inconsistent with the requirements of
Code Section 162(m), such provision shall be construed or deemed amended to the extent necessary to conform to such requirements. 
  

	14.	PARACHUTE LIMITATIONS 

 If any Grantee is a “disqualified individual,” as
defined in Code Section 280G(c), then, notwithstanding any other provision of the Plan or of any other agreement, contract, or understanding heretofore or hereafter entered into by such Grantee with the Company, the Bank, or an Affiliate,
except an agreement, contract, or understanding that expressly addresses Code Section 280G or Code Section 4999 (an “Other Agreement”), and notwithstanding any formal or informal plan or other arrangement for the direct or
indirect provision of compensation to the Grantee (including groups or classes of Grantees or beneficiaries of which the Grantee is a member), whether or not such compensation is deferred, is in cash, or is in the form of a benefit to or for the
Grantee (a “Benefit Arrangement”), any right of the Grantee to any exercise, vesting, payment, or benefit under the Plan shall be reduced or eliminated: 
  

	 	(a)	to the extent that such right to exercise, vesting, payment, or benefit, taking into account all other rights, payments, or benefits to or for the Grantee under the Plan, all Other Agreements, and all Benefit
Arrangements, would cause any exercise, vesting, payment, or benefit to the Grantee under the Plan to be considered a “parachute payment” within the meaning of Code Section 280G(b)(2) as then in effect (a “Parachute
Payment”); and 

  
 28 

	 	(b)	if, as a result of receiving such Parachute Payment, the aggregate after-tax amounts received by the Grantee from the Company under the Plan, all Other Agreements, and all Benefit Arrangements would be less than the
maximum after-tax amount that could be received by the Grantee without causing any such payment or benefit to be considered a Parachute Payment. 

The Company shall accomplish such reduction by first reducing or eliminating any cash payments (with the payments to be made furthest in the
future being reduced first), then by reducing or eliminating any accelerated vesting of Performance-Based Awards, then by reducing or eliminating any accelerated vesting of Options, then by reducing or eliminating any accelerated vesting of
Restricted Stock or Stock Units, then by reducing or eliminating any other remaining Parachute Payments. 
  

	15.	REQUIREMENTS OF LAW 

  

	 	15.1	General. 

 The Company shall not be required to offer, sell, or issue any shares of Stock
under any Award, whether pursuant to the exercise of an Option or otherwise, if the offer, sale, or issuance of such shares of Stock would constitute a violation by the Grantee, the Company, the Bank, or an Affiliate, or any other person, of any
provision of Applicable Laws, including any federal or state securities laws or regulations. If at any time the Company shall determine, in its discretion, that the listing, registration, or qualification of any shares of Stock subject to an Award
upon any securities exchange or under any governmental regulatory body is necessary or desirable as a condition of, or in connection with, the offering, issuance, sale, or purchase of shares of Stock in connection with any Award, no shares of Stock
may be offered, issued, or sold to the Grantee or any other person under such Award, whether pursuant to the exercise of an Option or otherwise, unless such listing, registration, or qualification shall have been effected or obtained free of any
conditions not acceptable to the Company, and any delay caused thereby shall in no way affect the date of termination of such Award. Without limiting the generality of the foregoing, upon the exercise of any Option that may be settled in shares of
Stock or the delivery of any shares of Stock underlying an Award, unless a registration statement under the Securities Act is in effect with respect to the shares of Stock subject to such Award, the Company shall not be required to offer, sell, or
issue such shares of Stock unless the Committee shall have received evidence satisfactory to it that the Grantee or any other person exercising such Option or accepting delivery of such shares may acquire such shares of Stock pursuant to an
exemption from registration under the Securities Act. Any determination in this connection by the Committee shall be final, binding, and conclusive. The Company may register, but shall in no event be obligated to register, any shares of Stock or
other securities issuable pursuant to the Plan pursuant to the Securities Act. The Company shall not be obligated to take any affirmative action in order to cause the exercise of an Option or the issuance of shares of Stock or other securities
issuable pursuant to the Plan or any Award to comply with any Applicable Laws. As to any jurisdiction that expressly imposes the requirement that an Option that may be settled in shares of Stock shall not be exercisable until the shares of Stock
subject to such Option are registered under the securities laws thereof or are exempt from such registration, the exercise of such Option under circumstances in which the laws of such jurisdiction apply shall be deemed conditioned upon the
effectiveness of such registration or the availability of such an exemption. 

  
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	 	15.2	Rule 16b-3. 

 During any time when the Company has a class of equity security registered
under Section 12 of the Exchange Act, it is the intention of the Company that Awards pursuant to the Plan and the exercise of Options granted hereunder that would otherwise be subject to Section 16(b) of the Exchange Act shall qualify for
the exemption provided by Rule 16b-3 under the Exchange Act. To the extent that any provision of the Plan or action by the Committee does not comply with the requirements of such Rule 16b-3, such provision or action shall be deemed
inoperative with respect to such Awards to the extent permitted by Applicable Laws and deemed advisable by the Committee and shall not affect the validity of the Plan. In the event that such Rule 16b-3 is revised or replaced, the Board may
exercise its discretion to modify the Plan in any respect necessary or advisable in its judgment to satisfy the requirements of, or to permit the Company to avail itself of the benefits of, the revised exemption or its replacement. 

 

	16.	EFFECT OF CHANGES IN CAPITALIZATION 

  

	 	16.1	Changes in Stock. 

 If the number of outstanding shares of Stock is increased or
decreased or the shares of Stock are changed into or exchanged for a different number of shares or kind of Capital Stock or other securities of the Company on account of any recapitalization, reclassification, stock split, reverse stock split,
spin-off, combination of stock, exchange of stock, stock dividend, or other distribution payable in Capital Stock, or other increase or decrease in shares of Stock effected without receipt of consideration by the Company occurring after the
Effective Date, the number and kinds of shares of stock for which grants of Options and other Awards may be made under the Plan, including the share limits set forth in Section 6.2, shall be adjusted proportionately and accordingly by the
Committee. In addition, the number and kind of shares of stock for which Awards are outstanding shall be adjusted proportionately and accordingly by the Committee so that the proportionate interest of the Grantee therein immediately following such
event shall, to the extent practicable, be the same as immediately before such event. Any such adjustment in outstanding Options shall not change the aggregate Option Price payable with respect to shares that are subject to the unexercised portion
of such outstanding Options but shall include a corresponding proportionate adjustment in the per share Option Price. The conversion of any convertible securities of the Company shall not be treated as an increase in shares effected without receipt
of consideration. Notwithstanding the foregoing, in the event of any distribution to the Company’s stockholders of securities of any other entity or other assets (including an extraordinary dividend, but excluding a non-extraordinary dividend,
declared and paid by the Company) without receipt of consideration by the Company, the Board, or the Committee constituted pursuant to Section 3.1.2 shall, in such manner as the Board or the Committee deems appropriate, adjust
(a) the number and kind of shares of stock subject to outstanding Awards and/or (b) the aggregate and per share Option Price of outstanding Options as required to reflect such distribution. 

  
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	 	16.2	Reorganization in which the Company is the Surviving Entity which does not Constitute a Change in Control. 

Subject to Section 16.3, if the Company shall be the surviving entity in any reorganization, merger, or consolidation of the
Company with one or more other entities which does not constitute a Change in Control, any Option theretofore granted pursuant to the Plan shall pertain to and apply to the securities to which a holder of the number of shares of Stock subject to
such Option would have been entitled immediately following such reorganization, merger, or consolidation, with a corresponding proportionate adjustment of the per share Option Price so that the aggregate Option Price thereafter shall be the same as
the aggregate Option Price of the shares of Stock remaining subject to the Option as in effect immediately prior to such reorganization, merger, or consolidation. Subject to any contrary language in an Award Agreement or in another agreement with
the Grantee, or otherwise set forth in writing, any restrictions applicable to such Award shall apply, as well to any replacement shares received by the Grantee as a result of such reorganization, merger, or consolidation. In the event of any
reorganization, merger, or consolidation of the Company referred to in this Section 16.2, Performance-Based Awards shall be adjusted (including any adjustment to the Performance Measures applicable to such Awards deemed appropriate by
the Committee) so as to apply to the securities that a holder of the number of shares of Stock subject to the Performance-Based Awards would have been entitled to receive immediately following such reorganization, merger, or consolidation. 

 

	 	16.3	Change in Control in which Awards are not Assumed. 

 Except as otherwise provided in the
applicable Award Agreement, in another agreement with the Grantee, or as otherwise set forth in writing, upon the occurrence of a Change in Control in which outstanding Options, Restricted Stock, Stock Units, Dividend Equivalent Rights, or Other
Equity-Based Awards are not being assumed or continued, the following provisions shall apply to such Award, to the extent not assumed or continued: 
  

	 	(a)	in each case with the exception of Performance-Based Awards, all outstanding Restricted Stock shall be deemed to have vested, all Stock Units shall be deemed to have vested, and the shares of Stock subject thereto shall
be delivered, and all Dividend Equivalent Rights shall be deemed to have vested, and the shares of Stock subject thereto shall be delivered, immediately prior to the occurrence of such Change in Control, and either of the following two
(2) actions shall be taken: 

  

	 	(i)	fifteen (15) days prior to the scheduled consummation of such Change in Control, all Options outstanding hereunder shall become immediately exercisable and shall remain exercisable for a period of fifteen
(15) days, which exercise shall be effective upon such consummation; or 

  

	 	(ii)	 the Committee may elect, in its sole discretion, to cancel any outstanding Awards of Options, Restricted Stock, Stock Units, and/or Dividend
Equivalent Rights and pay or deliver, or cause to 

  
 31 

	 	
be paid or delivered, to the Grantee thereof an amount in cash or securities having a value (as determined by the Committee acting in good faith), in the case of Restricted Stock, Stock Units,
and Dividend Equivalent Rights (for shares of Stock subject thereto), equal to the formula or fixed price per share paid to holders of shares of Stock pursuant to such Change in Control and, in the case of Options, equal to the product of the number
of shares of Stock subject to such Options (the “Award Stock”) multiplied by the amount, if any, by which (x) the formula or fixed price per share paid to holders of shares of Stock pursuant to such transaction exceeds
(y) the Option Price applicable to such Award Stock. 

  

	 	(b)	Performance-Based Awards shall be treated as though target performance has been achieved and will be paid in cash or converted into Unrestricted Stock. After application of this Section 16.3(b), if any
Awards arise from application of this Section 16.3(b), such Awards shall be settled under the applicable provision of Section 16.3(a). 

  

	 	(c)	Other Equity-Based Awards shall be governed by the terms of the applicable Award Agreement. 

With respect to the Company’s establishment of an exercise window, (A) any exercise of an Option during the fifteen (15)-day period
referred to above shall be conditioned upon the consummation of the applicable Change in Control and shall be effective only immediately before the consummation thereof, and (B) upon consummation of any Change in Control, the Plan and all
outstanding but unexercised Options shall terminate. The Committee shall send notice of an event that shall result in such a termination to all natural persons and entities who hold Options not later than the time at which the Company gives notice
thereof to its stockholders. 
  

	 	16.4	Change in Control in which Awards are Assumed. 

 Except as otherwise provided in the
applicable Award Agreement, in another agreement with the Grantee, or as otherwise set forth in writing, upon the occurrence of a Change in Control in which outstanding Options, Restricted Stock, Stock Units, Dividend Equivalent Rights, or Other
Equity-Based Awards are being assumed or continued, the following provisions shall apply to such Award, to the extent assumed or continued: 

The Plan and the Options, Restricted Stock, Stock Units, Dividend Equivalent Rights, and Other Equity-Based Awards granted under the Plan
shall continue in the manner and under the terms so provided in the event of any Change in Control to the extent that provision is made in writing in connection with such Change in Control for the assumption or continuation of such Options,
Restricted Stock, Stock Units, Dividend Equivalent Rights, and Other Equity-Based Awards, or for the substitution for such Options, Restricted Stock, Stock Units, Dividend Equivalent Rights, and Other Equity-Based Awards of new common stock options,
stock appreciation rights, restricted stock, common stock units, dividend equivalent rights, and other 

  
 32 

 
equity-based awards relating to the stock of a successor entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number of shares (disregarding any consideration that is
not common stock) and option and stock appreciation rights exercise prices. In the event an Award is assumed, continued, or substituted upon the consummation of any Change in Control and the employment of such Grantee with the Company or an
Affiliate is terminated without Cause within one (1) year following the consummation of such Change in Control, such Award shall be fully vested and may be exercised in full, to the extent applicable, beginning on the date of such termination
and for the one (1)-year period immediately following such termination or for such longer period as the Committee shall determine. 
  

	 	16.5	Adjustments 

 Adjustments under this Section 16 related to shares of Stock or
other securities of the Company shall be made by the Committee, whose determination in that respect shall be final, binding, and conclusive. No fractional shares or other securities shall be issued pursuant to any such adjustment, and any fractions
resulting from any such adjustment shall be eliminated in each case by rounding downward to the nearest whole share. The Committee may provide in the applicable Award Agreement on the Grant Date, in another agreement with the Grantee, or otherwise
in writing at any time thereafter with the consent of the Grantee, for different provisions to apply to an Award in place of those provided in Sections 16.1, 16.2, 16.3, and 16.4. This Section 16 shall
not limit the Committee’s ability to provide for alternative treatment of Awards outstanding under the Plan in the event of a change in control event involving the Company, the Bank, or an Affiliate that is not a Change in Control. 

 

	 	16.6	No Limitations on Company. 

 The making of Awards pursuant to the Plan shall not affect
or limit in any way the right or power of the Company to make adjustments, reclassifications, reorganizations, or changes of its capital or business structure or to merge, consolidate, dissolve, or liquidate, or to sell or transfer all or any part
of its business or assets (including all or any part of the business or assets of any Subsidiary or other Affiliate) or engage in any other transaction or activity. 
  

	17.	GENERAL PROVISIONS 

  

	 	17.1	Disclaimer of Rights. 

 No provision in the Plan or in any Award or Award Agreement shall
be construed to confer upon any individual the right to remain in the employ or Service of the Company, the Bank, or an Affiliate, or to interfere in any way with any contractual or other right or authority of the Company, the Bank, or an Affiliate
either to increase or decrease the compensation or other payments to any natural person or entity at any time, or to terminate any employment or other relationship between any natural person or entity and the Company, the Bank, or an Affiliate. In
addition, notwithstanding anything contained in the Plan to the contrary, unless otherwise stated 

  
 33 

 
in the applicable Award Agreement, in another agreement with the Grantee, or otherwise in writing, no Award granted under the Plan shall be affected by any change of duties or position of the
Grantee thereof, so long as such Grantee continues to provide Service. The obligation of the Company to pay any benefits pursuant to the Plan shall be interpreted as a contractual obligation to pay only those amounts provided herein, in the manner
and under the conditions prescribed herein. The Plan and Awards shall in no way be interpreted to require the Company to transfer any amounts to a third-party trustee or otherwise hold any amounts in trust or escrow for payment to any Grantee or
beneficiary under the terms of the Plan. 
  

	 	17.2	Nonexclusivity of the Plan. 

 Neither the adoption of the Plan nor the submission of the
Plan to the stockholders of the Company for approval shall be construed as creating any limitations upon the right and authority of the Board or the Committee to adopt such other incentive compensation arrangements (which arrangements may be
applicable either generally to a class or classes of individuals or specifically to a particular individual or particular individuals) as the Board or the Committee in its discretion determines desirable. 

 

	 	17.3	Withholding Taxes. 

 The Company, the Bank, or an Affiliate, as the case may be, shall
have the right to deduct from payments of any kind otherwise due to a Grantee any federal, state, or local taxes of any kind required by law to be withheld with respect to the vesting of or other lapse of restrictions applicable to an Award or upon
the issuance of any shares of Stock upon the exercise of an Option or pursuant to any other Award. At the time of such vesting, lapse, or exercise, the Grantee shall pay in cash to the Company, the Bank, or an Affiliate, as the case may be, any
amount that the Company, the Bank, or such Affiliate may reasonably determine to be necessary to satisfy such withholding obligation; provided, that if there is a same-day sale of shares of Stock subject to an Award, the Grantee shall pay
such withholding obligation on the day on which such same-day sale is completed. Subject to the prior approval of the Company, the Bank, or an Affiliate, which may be withheld by the Company, the Bank, or such Affiliate, as the case may be, in its
sole discretion, the Grantee may elect to satisfy such withholding obligation, in whole or in part, (a) by causing the Company, the Bank, or such Affiliate to withhold shares of Stock otherwise issuable to the Grantee or (b) by delivering
to the Company, the Bank, or such Affiliate shares of Stock already owned by the Grantee. The shares of Stock so withheld or delivered shall have an aggregate Fair Market Value equal to such withholding obligation. The Fair Market Value of the
shares of Stock used to satisfy such withholding obligation shall be determined by the Company, the Bank, or such Affiliate as of the date on which the amount of tax to be withheld is to be determined. A Grantee who has made an election pursuant to
this Section 17.3 may satisfy such Grantee’s withholding obligation only with shares of Stock that are not subject to any repurchase, forfeiture, unfulfilled vesting, or other similar requirements. The maximum number of shares of
Stock that may be withheld from any Award to satisfy any federal, state, or local tax withholding requirements upon the exercise, vesting, or lapse of restrictions applicable to any Award or payment of shares of Stock pursuant to such Award, as
applicable, may not exceed such number of shares of Stock having a Fair Market Value equal to the minimum statutory amount required by the Company, the Bank, or the applicable Affiliate to 

  
 34 

 
be withheld and paid to any such federal, state, or local taxing authority with respect to such exercise, vesting, lapse of restrictions, or payment of shares of Stock. Notwithstanding
Section 2.21 or this Section 17.3, for purposes of determining taxable income and the amount of the related tax withholding obligation pursuant to this Section 17.3, for any shares of Stock subject to an
Award that are sold by or on behalf of a Grantee on the same date on which such shares may first be sold pursuant to the terms of the related Award Agreement, the Fair Market Value of such shares shall be the sale price of such shares on such date
(or if sales of such shares are effectuated at more than one sale price, the weighted average sale price of such shares on such date), so long as such Grantee has provided the Company, or its designee or agent, with advance written notice of such
sale. In such case, the percentage of shares of Stock withheld shall equal the applicable minimum withholding rate. 
  

	 	17.4	Captions. 

 The use of captions in the Plan or any Award Agreement is for convenience of
reference only and shall not affect the meaning of any provision of the Plan or such Award Agreement. 
  

	 	17.5	Construction. 

 Unless the context otherwise requires, all references in the Plan to
“including” shall mean “including without limitation.” 
  

	 	17.6	Other Provisions. 

 Each Award granted under the Plan may contain such other terms and
conditions not inconsistent with the Plan as may be determined by the Committee, in its sole discretion. 
  

	 	17.7	Number and Gender. 

 With respect to words used in the Plan, the singular form shall
include the plural form, and the masculine gender shall include the feminine gender, as the context requires. 
  

	 	17.8	Severability. 

 If any provision of the Plan or any Award Agreement shall be determined
to be illegal or unenforceable by any court of law in any jurisdiction, the remaining provisions hereof and thereof shall be severable and enforceable in accordance with their terms, and all provisions shall remain enforceable in any other
jurisdiction. 
  

	 	17.9	Governing Law. 

 The validity and construction of the Plan and the instruments evidencing
the Awards hereunder shall be governed by, and construed and interpreted in accordance with, the laws of the Commonwealth of Massachusetts other than any conflicts or choice of law rule or principle that might otherwise refer construction or
interpretation of the Plan and the instruments evidencing the Awards granted hereunder to the substantive laws of any other jurisdiction. 

  
 35 

	 	17.10	Section 409A of the Code. 

 The Plan is intended to comply with Code
Section 409A to the extent subject thereto, and, accordingly, to the maximum extent permitted, the Plan will be interpreted and administered to be in compliance with Code Section 409A. Any payments described in the Plan that are due within
the “short-term deferral period” as defined in Code Section 409A will not be treated as deferred compensation unless Applicable Laws require otherwise. Notwithstanding anything to the contrary in the Plan, to the extent required to
avoid accelerated taxation and tax penalties under Code Section 409A, amounts that would otherwise be payable and benefits that would otherwise be provided pursuant to the Plan during the six (6)-month period immediately following the
Grantee’s termination of “separation from service” (as defined for purposes of Code Section 409A) will instead be paid on the first payroll date after the six (6)-month anniversary of the Grantee’s separation from service
(or the Grantee’s death, if earlier). 
 Further, notwithstanding anything to the contrary in the Plan, in the case of an Award that is
characterized as deferred compensation under Code Section 409A, and pursuant to which settlement and delivery of the cash or Common Shares subject to the Award is triggered based on a Change in Control, in no event will a Change in Control be
deemed to have occurred for purposes of such settlement and delivery of cash or Stock if the transaction is not also a “change in the ownership or effective control of” the Company or “a change in the ownership of a substantial
portion of the assets of” the Company as determined under Treasury Regulation Section 1.409A-3(i)(5) (without regard to any alternative definition thereunder). If an Award characterized as deferred compensation under Code Section 409A
is not settled and delivered on account of the provision of the preceding sentence, the settlement and delivery will occur on the next succeeding settlement and delivery triggering event that is a permissible triggering event under Code
Section 409A. No provision of this paragraph will in any way affect the determination of a Change in Control for purposes of vesting in an Award that is characterized as deferred compensation under Code Section 409A. 

Notwithstanding the foregoing, neither the Company, the Bank, any Affiliate nor the Committee will have any obligation to take any action to
prevent the assessment of any excise tax or penalty on any Grantee under Section 409A of the Code and neither the Company, the Bank, any Affiliate nor the Committee will have any liability to any Grantee for such tax or penalty. 

*     *     * 

  
 36 

 To record adoption of the Plan by the Board on September 17, 2014, approval of the Plan by the
stockholders on [            ], 2014, and effectiveness of the Plan on [            ], 2014, the Company has caused its
authorized officer to execute the Plan. 
  

			
	 RADIUS BANCORP INC.

		
	 By:
	 	  

	 Name:
	 	
	 Title:
	 	

  
 37

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