Document:

Exhibit 10.20

 

UNITED COMMUNITY BANKS, INC.

AMENDED AND RESTATED

2000 KEY EMPLOYEE STOCK OPTION PLAN

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

 

	Grantee:	                                                                
	 	 
	Number of RSUs:	                                                      RSUs
	 	 
	Date of Grant:	                                                                

 

	Vesting Schedule:	Vesting Date	Vest Quantity
	 	 	 
	 	 	 
	 	 	 

 

THIS AGREEMENT (the
“Agreement”) is entered into as of the ____ day of _______________
by and between UNITED COMMUNITY BANKS, INC., a Georgia corporation (the “Company”), and the individual
designated above (the “Grantee”).

 

WHEREAS, the Company
maintains the United Community Banks, Inc. Amended and Restated 2000 Key Employee Stock Option Plan (the “Plan”),
and the Grantee has been selected by the Committee to receive a Restricted Stock Unit Award under the Plan;

 

NOW, THEREFORE, IT IS
AGREED, by and between the Company and the Grantee, as follows:

 

1.           Award
of Restricted Stock Units

 

1.1         Grant.
The Company hereby grants to the Grantee an award of Restricted Stock Units (“RSUs”) in the amount set
forth above, subject to, and in accordance with, the restrictions, terms, and conditions set forth in this Agreement and the Plan.
The grant date of this award of RSUs is set forth above (the “Date of Grant”).

 

1.2         Construction.
This Agreement (including any Exhibits) shall be construed in accordance and consistent with, and subject to, the provisions of
the Plan (the provisions of which are incorporated herein by reference) and, except as otherwise expressly set forth herein, the
capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan.

 

1.3         Execution
of the Agreement. This Award is conditioned on the Grantee’s execution of this Agreement. By executing this Agreement,
the Grantee agrees to the terms set forth in this Agreement (and the provisions of the Plan incorporated herein). If this Agreement
is not executed by the Grantee and returned to the Company within seven days of the Date of Grant, it may be canceled by the Committee
resulting in the immediate forfeiture of all RSUs granted hereunder.

 

     

     

    

 

2.           Vesting
and Termination of Employment

 

2.1         Vesting.
Subject to Sections 2.2 through 2.4 below and Section 7, if the Grantee remains employed by the Company, the RSUs shall vest in
accordance with the vesting schedule set forth above. Each date on which the RSUs vest is hereinafter referred to as a “Vesting
Date.” Notwithstanding the foregoing, no Vesting Date can be any earlier than the day immediately after the day which is
twelve (12) months and thirty (30) days following the Date of Grant (the period from the Date of Grant until the day which is twelve
(12) months and thirty (30) days following the Date of Grant being hereinafter referred to as the “Initial Restriction Period.”
Except as otherwise provided herein, on the Vesting Date, a number of Shares equal to the number of vested RSUs shall be issued
to the Grantee free and clear of all restrictions imposed by this Agreement (except those imposed by Sections 3.3 and 7 below).
As soon as practicable (and no later than thirty (30) days) after the Vesting Date, the Company shall transfer such Shares to an
unrestricted account in the name of the Grantee (or, if the Grantee has died, to his or her surviving spouse or, if none, to the
Grantee’s estate). For purposes of this Agreement, employment with a Subsidiary of the Company or service as a member of
the Board of Directors of the Company or a Subsidiary shall be considered employment with the Company.

 

2.2         Termination
of Employment Due to Death or Disability. If the Grantee’s employment is terminated by the Company as a result of death
or Disability (as defined in the Plan), the unvested RSUs shall immediately vest as of the Date of Termination, and a number of
Shares equal to the number of such vested RSUs shall be transferred to the Grantee (or the Grantee’s surviving spouse or
estate) in the manner provided in Section 2.1.

 

2.3         Termination
in Connection with a Change In Control.

 

2.3.1         If
a Change in Control (as defined in the Plan) occurs and the Grantee’s employment is terminated (x) within six (6) months
prior to or eighteen (18) months following the date of the Change in Control and (y) after the expiration of the Initial Restriction
Period, and if such termination is either an involuntary termination by the Company without Cause (as defined in the Plan) or a
termination by the Grantee for Good Reason (as defined below) and the termination does not arise as a result of Executive’s
death or Disability, the unvested RSUs shall fully vest immediately upon the later of (i) the Change in Control, or (ii) the Date
of Termination, and a number of Shares equal to the number of such vested RSUs shall be transferred to the Grantee in the manner
provided in Section 2.1.

 

2.3.2         For
purposes of this Section 2.3, a “Good Reason” for termination by the Grantee of the Grantee’s
employment shall mean the occurrence (without the Grantee’s express written consent), within six (6) months prior to or eighteen
(18) months following the date of the Change in Control, of any one of the following acts by the Company, or failures by the Company
to act:

 

     

     

    

 

(i)          the
substantial adverse change in the Grantee’s responsibilities at the Company from those in effect immediately prior to the
date that is six (6) months prior to the date of a Change in Control (the “Measurement Date”); or

 

(ii)         the
required relocation of the Grantee to a location outside of the market area of the Company on the Measurement Date; or

 

(iii)        a
material reduction in the levels of coverage of the Grantee under the Company’s director and officer liability insurance
policy or indemnification commitments from those levels in effect on the Measurement Date; or

 

(iv)        after
the Measurement Date, a reduction in the Grantee’s base salary, a reduction in his or her incentive compensation or the failure
by the Company to continue to provide the Grantee with benefits substantially similar to those enjoyed by the Grantee under any
of the Company’s pension, deferred compensation, life insurance, medical, health and accident or disability plans in which
the Grantee was participating at the Measurement Date, the taking of any action by the Company which would directly or indirectly
reduce any of such benefits or deprive the Grantee of any material fringe benefit enjoyed by the Grantee at the Measurement Date.

 

2.3.3         The
Grantee must give the Company notice of any event or condition that would constitute “Good Reason” within thirty (30)
days of the event or condition, and upon receipt of such notice, the Company shall have thirty (30) days to remedy such event or
condition. If such event or condition is not remedied within such 30-day period, any termination of employment by the Grantee for
“Good Reason” must occur within thirty (30) days after the period for remedying the event or condition has expired.
Notwithstanding the foregoing, for any act or failure to act described in Section 2.3.2(iv) above, the Grantee must give the Company
notice of such event or condition within thirty (30) days after the Change in Control.

 

2.3.4         The
Grantee’s right to terminate the Grantee’s employment for Good Reason shall not be affected by the Grantee’s
incapacity due to physical or mental illness, except for a Disability. Grantee’s continued employment shall not constitute
consent to, or a waiver of rights with respect to, any act or failure to act constituting Good Reason hereunder.

 

2.4         Termination
of Employment for Other Reasons. If the Grantee’s employment is terminated by the Company or by the Grantee under circumstances
other than those outlined above in Sections 2.2 and 2.3, the outstanding unvested RSUs shall immediately be forfeited as of the
Date of Termination.

 

2.5         Nontransferability.
The RSUs may not be sold, assigned, transferred, pledged, or otherwise encumbered prior to the date the Grantee becomes vested
in the RSUs and the Shares are issued.

 

     

     

    

 

2.6         Section
409A Compliance. To the extent applicable, this Agreement shall at all times be interpreted and operated in compliance with
the requirements of Section 409A of the Internal Revenue Code of 1986, as amended and the standards, regulations or other guidance
promulgated thereunder (“Section 409A”). Any action that may be taken (and, to the extent possible, any
action actually taken) by the Company shall not be taken (or shall be void and without effect), if such action violates the requirements
of Section 409A. Any provision in this Agreement that is determined to violate the requirements of Section 409A shall be void and
without effect. In addition, any provision that is required to appear in this Agreement in accordance with Section 409A that is
not expressly set forth herein shall be deemed to be set forth herein, and the Agreement shall be administered in all respects
as if such provision were expressly set forth. The Company shall delay the commencement of any delivery of Shares that are payable
to the Grantee upon his separation from service if the Grantee is a “key employee” of the Company (as determined by
the Company in accordance with procedures established by the Company that are consistent with Section 409A) to the date which is
immediately following the earlier of (i) six months after the date of the Grantee’s separation from service or (ii) the Grantee’s
death, to the extent such delay is required under the provisions of Section 409A to avoid imposition of additional income and other
taxes, provided that the Company and the Grantee agree to take into account any exemptions available under Section 409A. For purposes
of this Agreement, termination of employment shall be construed consistent with the meaning of a separation from service within
the meaning of Section 409A.

 

3.           Change
in Capitalization; Deferral Rights

 

3.1         During
the period the RSUs are not vested, the Grantee shall be credited with dividend equivalents or other distributions declared on
the Shares represented by the RSUs in the manner determined by the Committee. Within thirty (30) days after a Vesting Date, Grantee
shall be paid in cash the dividend equivalents or other distributions with respect to the vested RSUs to which the dividend equivalents
or other distributions relate.

 

3.2         In
the event of a change in capitalization, the Committee shall make appropriate adjustments in accordance with Section 4.3 of the
Plan to reflect the change in capitalization, provided that any such additional Shares or additional or different shares or securities
reflected in any such adjustment shall remain subject to the restrictions in this Agreement.

 

3.3         The
Grantee represents and warrants that he is acquiring the Shares under this Agreement for investment purposes only, and not with
a view to distribution thereof. The Grantee is aware that the Shares may not be registered under the federal or any state securities
laws and that for that reason, in addition to the other restrictions on the Shares, they will not be able to be transferred unless
an exemption from registration is available or the Shares are registered. By making this award of RSUs, the Company is not undertaking
any obligation to register the RSUs under any federal or state securities laws.

 

3.4         To
the extent the Grantee is eligible to participate in a deferred compensation plan established for such purpose, the Grantee may
elect to defer delivery of the Shares that would otherwise be due by virtue of the lapse or waiver of the vesting requirements
as set forth in Section 2. If such deferral election is made, the Committee shall, in its sole discretion, establish the rules
and procedures for such deferrals which shall be in compliance with Section 409A.

 

     

     

    

 

4.           No
Right to Continued Employment

 

Nothing in this Agreement
or the Plan shall be interpreted or construed to confer upon the Grantee any right with respect to continuance of employment by
the Company, nor shall this Agreement or the Plan interfere in any way with the right of the Company to terminate the Grantee’s
employment at any time. The Grantee is employed by the Company “at will,” which means that either the Grantee or the
Company may terminate the Grantee’s employment at any time, for any reason.

 

5.           Taxes
and Withholding

 

The Grantee shall be responsible
for all federal, state, and local income taxes payable with respect to this award of RSUs and any dividends paid on such RSUs.
The Company and the Grantee agree to report the value of the RSUs in a consistent manner for federal income tax purposes. The Company
shall have the right to retain and withhold from any payment of Shares (for the minimum required withholdings or such other amounts
as will not result in adverse accounting treatment to the Company) or cash the amount of taxes required by any government to be
withheld or otherwise deducted and paid with respect to such payment. At its discretion, the Company may require the Grantee to
reimburse the Company for any such taxes required to be withheld and may withhold any distribution in whole or in part until the
Company is so reimbursed. In lieu thereof, the Company shall have the right to withhold from any other cash amounts due to the
Grantee an amount equal to such taxes required to be withheld or withhold and cancel (for the minimum required withholdings or
such other amounts as will not result in adverse accounting treatment to the Company) (in whole or in part) a number of Shares
having a market value not less than the amount of such taxes.

 

6.           The
Grantee Bound by The Plan

 

The Grantee hereby acknowledges
receipt of a copy of the Plan and the prospectus for the Plan, and agrees to be bound by all the terms and provisions thereof.

 

7.           Restrictive
Covenants

 

7.1         In
consideration for the grant of the RSUs, continued employment with the Company, and other good and valuable consideration, the
Grantee agrees to the following:

 

(i)          During
the Grantee’s employment with the Company and for a one (1) year period after the Date of Termination, the Grantee will not
directly or indirectly, individually, or on behalf of any Person other than the Company or a Subsidiary:

 

(a)         solicit
any Customers for the purpose of providing services identical to or reasonably substitutable for the Company’s Business;

 

(b)         solicit
or induce, or in any manner attempt to solicit or induce, any Person employed by the Company to leave such employment, whether
or not such employment is pursuant to a written contract with the Company or any Subsidiary or is at will; or

 

     

     

    

 

(c)         knowingly
or intentionally damage or destroy the goodwill and esteem of the Company, any Subsidiary, the Company’s Business or the
Company’s or any Subsidiary’s suppliers, employees, patrons, customers , and others who may at any time have or have
had relations with the Company or any Subsidiary.

 

(ii)         During
the Grantee’s employment with the Company and at all times thereafter, the Grantee will not disclose or use Confidential
Information, except as necessary to carry out his or her duties as an employee of the Company.

 

(iii)        Upon
termination or expiration of the Grantee’s employment with the Company for any reason whatsoever or at any time, the Grantee
will upon request by the Company deliver promptly to the Company all materials (including electronically-stored materials), documents,
plans, records, notes, or other papers, and any copies in the Grantee’s possession or control, relating in any way to the
Company’s Business, which at all times shall be the property of the Company.

 

7.2         For
purposes of this Agreement, the following terms shall have the meanings specified below:

 

(i)          “Company’s
Business” means the business of operating a commercial or retail bank, savings association, mutual thrift, credit
union, trust company, securities brokerage or insurance agency.

 

(ii)         “Confidential
Information” means information, without regard to form, relating to the Company’s or any Subsidiary’s
customers, operation, finances, and business that has value to the Company or any Subsidiary, is not generally known to competitors
of the Company or a Subsidiary and that the Grantee became aware of due to his or her employment with the Company. Confidential
Information includes, but is not limited to, technical or non-technical data (including personnel data), formulas, patterns, compilations
(including compilations of customer information), programs, devices, methods, techniques, processes, financial data or lists of
actual or potential customers (including identifying information about customers), whether or not in writing. Confidential Information
includes information disclosed to the Company or any Subsidiary by third parties that the Company or any Subsidiary is obligated
to maintain as confidential. Confidential Information subject to this Agreement may include information that is not a trade secret
under applicable law, but information not constituting a trade secret only shall be treated as Confidential Information under this
Agreement for a five (5) year period after the Date of Termination.

 

(iii)        “Customers”
means all Persons that (1) the Grantee serviced or solicited on behalf of the Company or any Subsidiary during the 24 months prior
to the Date of Termination, (2) whose dealings with the Company or any Subsidiary were coordinated or supervised, in whole or in
part, by the Grantee during the 24 months prior to the Date of Termination, or (3) about whom the Grantee obtained Confidential
Information during the 24 months prior to the Date of Termination, as a result of the Grantee’s association with the Company.

 

     

     

    

 

(iv)        “Date
of Termination” means the date upon which the Grantee’s employment with the Company ceases for any reason.

 

(v)         “Person”
means any individual, corporation, bank, partnership, joint venture, association, joint-stock company, trust, unincorporated organization
or other entity.

 

7.3         If
the Grantee violates the restrictive covenants set forth in Section 7.1, then the Company shall be entitled to all remedies available
in law or equity. In addition (and without limiting the foregoing), if the Grantee violates the restrictive covenants set forth
in Section 7.1, the Committee shall, notwithstanding any other provision in this Agreement to the contrary, (i) cancel the outstanding
RSUs that are not yet vested or with respect to which Shares have not yet been issued to the Grantee, and (ii) require the Grantee
to return to the Company any Shares issued to the Grantee pursuant to vesting of the RSUs (or to pay to the Company the then current
value of any such Shares) that occurred (or will occur) during the period six (6) months prior to and one (1) year after the Date
of Termination.

 

7.4         The
Grantee acknowledges and agrees that the provisions of Section 7.1 are reasonable as to time, scope and territory given the Company’s
need to protect its Confidential Information and its relationships and goodwill with its customers, suppliers, employees and contractors,
all of which have been developed at great time and expense to the Company. The Grantee represents that he or she has the skills
and abilities to obtain alternative employment after the Date of Termination that would not violate the covenants in Section 7.1
and that these covenants do not pose an undue hardship on the Grantee. The Grantee further acknowledges that his or her breach
of any of the covenants in Section 7.1 would likely cause irreparable injury to the Company, and therefore entitle the Company
to injunctive relief, in addition to any other remedies available in law or equity.

 

8.           Modification
of Agreement; Severability

 

If any provision of this
Agreement is held by a court of competent jurisdiction to be overly broad or unenforceable for any reason, the parties authorize
such court to modify and enforce such provision to the extent the court deems reasonable. If any provision of this Agreement is
found by a court to be overbroad or otherwise unenforceable and not capable of modification, it shall be severed and the remaining
covenants and clauses enforced in accordance with the tenor of this Agreement. The parties may modify, amend, suspend or terminate
this Agreement or may waive any terms or conditions of this Agreement but only by a written instrument executed by the parties
hereto.

 

9.           Governing
Law and Forum

 

The validity, interpretation,
construction, and performance of this Agreement shall be governed by the laws of the state of Georgia without giving effect to
the conflicts of laws principles thereof. The parties agree that they will not file any action arising out of or relating in any
way to this Agreement other than in the United States District Court for the Northern District of Georgia or the Superior Court
of Union County, Georgia. The parties consent to personal jurisdiction and venue solely within these forums and waive all possible
objections thereto.

 

     

     

    

 

10.         Successors
in Interest

 

This Agreement shall inure
to the benefit of, and be binding upon, the Company and its successors and assigns, whether by merger, consolidation, reorganization,
sale of assets, or otherwise. This Agreement shall inure to the benefit of the Grantee’s legal representatives. All obligations
imposed upon the Grantee and all rights granted to the Company under this Agreement shall be final, binding, and conclusive upon
the Grantee’s heirs, executors, administrators, and successors.

 

11.         Entire
Agreement

 

This Agreement and the Plan
contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede
all prior communications, representations and negotiations in respect thereto. Wherever appropriate in this Agreement, personal
pronouns shall be deemed to include the other genders and the singular to include the plural. Wherever used in this Agreement,
the term “including” means “including, without limitation.”

 

12.         Resolution
of Disputes

 

Any dispute or disagreement
which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement
and the Plan shall be determined by the Committee. Any determination made by the Committee shall be final, binding and conclusive
on the Grantee and the Company and their successors, assigns, heirs, executors, administrators and legal representatives for all
purposes.

 

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

 

	 	UNITED COMMUNITY BANKS, INC.
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

     

     

    

 

By accepting this Agreement,
the Grantee hereby accepts the RSU grant subject to all its terms and provisions and agrees to be bound by the terms and provisions
of this Agreement, including Section 7, and the Plan. The Grantee hereby agrees to accept as binding, conclusive and final all
decisions or interpretations of the Board of Directors of the Company, or the Compensation Committee or other Committee responsible
for the administration of the Plan, upon any questions arising under the Plan.Exhibit 10.21

 

UNITED COMMUNITY BANKS, INC.

AMENDED AND RESTATED

2000 KEY EMPLOYEE STOCK OPTION PLAN

 

RESTRICTED STOCK UNIT AWARD AGREEMENT

(Key Employee)

 

 

	Grantee:	                                                                
	 	 
	Number of RSUs:	                                                      RSUs
	 	 
	Date of Grant:	                                                                

 

	Vesting Schedule:	Vesting Date	Vest Quantity
	 	 	 
	 	 	 
	 	 	 

See schedule attached hereto as Schedule A,
if applicable

 

THIS AGREEMENT (the
“Agreement”) is entered into as of the _____day of ______, _________, by and between UNITED COMMUNITY
BANKS, INC., a Georgia corporation (the “Company”), and the individual designated above (the “Grantee”).

 

WHEREAS, the Company
maintains the United Community Banks, Inc. Amended and Restated 2000 Key Employee Stock Option Plan (the “Plan”),
and the Grantee has been selected by the Committee to receive a Restricted Stock Unit Award, vesting upon either the specified
passage of time as specified above or fulfillment of the performance criteria as set forth in Schedule A attached hereto, under
the Plan;

 

NOW, THEREFORE, IT IS
AGREED, by and between the Company and the Grantee, as follows:

 

1.           Award
of Restricted Stock Units

 

1.1         Grant.
The Company hereby grants to the Grantee an award of Restricted Stock Units (“RSUs”) in the amount set
forth above, subject to, and in accordance with, the restrictions, terms, and conditions set forth in this Agreement and the Plan.
The grant date of this award of RSUs is set forth above (the “Date of Grant”).

 

1.2         Construction.
This Agreement (including Schedule A attached hereto, if applicable) shall be construed in accordance and consistent with, and
subject to, the provisions of the Plan (the provisions of which are incorporated herein by reference) and, except as otherwise
expressly set forth herein, the capitalized terms used in this Agreement shall have the same definitions as set forth in the Plan.

 

     

     

    

 

1.3         Execution
of the Agreement. This Award is conditioned on the Grantee’s execution of this Agreement. By executing this Agreement,
the Grantee agrees to the terms set forth in this Agreement (and the provisions of the Plan incorporated herein). If this Agreement
is not executed by the Grantee and returned to the Company within seven (7) days of the Date of Grant, it may be canceled by the
Committee resulting in the immediate forfeiture of all RSUs granted hereunder.

 

2.           Vesting
and Termination of Employment

 

2.1         Vesting.
Subject to Sections 2.2 through 2.6 below and Section 7, if the Grantee remains employed by the Company, the RSUs shall vest in
accordance with the vesting schedule set forth above, if the RSUs vest upon the passage of time, or the schedule attached hereto
as Schedule A, if applicable, because the RSUs vest upon the fulfillment of performance criteria set forth herein. Each date on
which the RSUs vest, either by the specified passage of time or fulfillment of the performance criteria in accordance with Schedule
A, if applicable, is hereinafter referred to as a “Vesting Date”. Notwithstanding the foregoing, no Vesting Date can
be any earlier than the day immediately after the day which is twelve (12) months and thirty (30) days following the Date of Grant
(the period from the Date of Grant until the day which is twelve (12) months and thirty (30) days following the Date of Grant being
hereinafter referred to as the “Initial Restriction Period”). Except as otherwise provided herein, on the Vesting Date,
a number of Shares equal to the number of vested RSUs shall be issued to the Grantee free and clear of all restrictions imposed
by this Agreement (except those imposed by Sections 3.3 and 7 below). As soon as practicable (and no later than thirty (30) days)
after the Vesting Date, the Company shall transfer such Shares to an unrestricted account in the name of the Grantee (or, if the
Grantee has died, to his or her surviving spouse or, if none, to the Grantee’s estate). For purposes of this Agreement, employment
with a Subsidiary of the Company or service as a member of the Board of Directors of the Company or a Subsidiary shall be considered
employment with the Company.

 

2.2         Termination
of Employment Due to Death or Disability. If the Grantee’s employment is terminated by the Company as a result of death
or Disability (as defined in the Plan), any unvested portion of the grant that would have vested, either by the specified passage
of time or the fulfillment of the performance criteria in accordance with Schedule A, if applicable, with respect to the year in
which the termination occurred had the Grantee remained employed and any earlier year, and any unvested portion of the grant that
would have vested in the subsequent year following termination had the Grantee remained employed, shall remain outstanding and
all remaining unvested RSUs shall be immediately forfeited. A number of Shares equal to the number of unvested RSUs described in
the preceding sentence shall become vested and shall be transferred to the Grantee (or the Grantee’s surviving spouse or
estate) in the manner provided in Section 2.1 upon attainment of the original Vesting Date(s) (just as if the Grantee had remained
employed) and/or the applicable performance criteria set forth on Schedule A, if applicable.

 

2.3         Termination
of Employment by the Company for Cause. If the Grantee’s employment is terminated by the Company for Cause (as defined
in the Plan), the unvested RSUs shall be forfeited immediately as of the Date of Termination.

 

     

     

    

 

2.4         Termination
of Employment by the Company Without Cause or by the Grantee For Good Reason after the Initial Restriction Period.

 

2.4.1      If
the Grantee’s employment with the Company is terminated after the expiration of the Initial Restriction Period either (i)
by the Company without Cause (as defined in the Plan) or (ii) by the Grantee for Good Reason (as defined in Section 2.4.2 below),
the unvested RSUs shall continue to vest in accordance with the original vesting schedule (just as if the Grantee had remained
employed). In the event of the Grantee’s death after a termination covered by this Section 2.4, the unvested RSUs shall continue
to vest as if the Grantee had lived and upon vesting, a number of Shares equal to the number of vested RSUs shall be transferred
to the Grantee’s surviving spouse or, if none, to his estate.

 

2.4.2      For
purposes of this Agreement, “Good Reason” for termination by the Grantee of the Grantee’s
employment shall mean the occurrence (without the Grantee’s express written consent) of:

 

(i)          a
material reduction in the Grantee’s responsibilities at the Company;

 

(ii)         the
required relocation of the Grantee’s employment to a location outside of the market area of the Company;

 

(iii)        a
material reduction in the levels of coverage of the Grantee under the Company’s director and officer liability insurance
policy or indemnification commitments; or

 

(iv)        a
substantial reduction in the Grantee’s base salary, a material reduction in his or her incentive compensation or the taking
of any action by the Company which would, directly or indirectly, materially reduce any of the benefits provided to the Grantee
under any of the Company’s pension, 401(k), deferred compensation, life insurance, medical, accident or disability plans
in which the Grantee is participating.

 

2.4.3      The
Grantee must give the Company notice of any event or condition that would constitute “Good Reason” within ninety (90)
days of its initial existence and upon receipt of such notice, the Company shall have thirty (30) days to remedy the event or condition.
If the event or condition is not remedied within such thirty (30) day period, any termination of employment by the Grantee for
“Good Reason” must occur within six (6) months of the Grantee learning of the initial existence of the condition or
event.

 

2.4.4      The
Grantee’s right to terminate employment for Good Reason shall not be affected by the Grantee’s incapacity due to physical
or mental illness, except for a Disability. The Grantee’s continued employment shall not constitute consent to, or a waiver
of rights with respect to, any act or failure to act constituting Good Reason hereunder.

 

     

     

    

 

2.5         Termination
During the Initial Restriction Period. If the Grantee’s employment is terminated by the Company without Cause prior to
the expiration of the Initial Restriction Period by the Company, any unvested RSUs shall be forfeited immediately as of the Date
of Termination.

 

2.6         Termination
of Employment by the Grantee for Other Reasons. If the Grantee retires or voluntarily terminates his or her employment for
any reason other than for Good Reason (as defined above) after the expiration of the Initial Restriction Period, the outstanding
unvested RSUs shall immediately be forfeited as of the Date of Termination.

 

2.7         Nontransferability.
The RSUs may not be sold, assigned, transferred, pledged, or otherwise encumbered prior to the date the Grantee becomes vested
in the RSUs and the Shares are issued.

 

2.8         Section
409A Compliance. To the extent applicable, this Agreement shall at all times be interpreted and operated in compliance with
the requirements of Section 409A of the Internal Revenue Code of 1986, as amended and the standards, regulations or other guidance
promulgated thereunder (“Section 409A”). Any action that may be taken (and, to the extent possible, any
action actually taken) by the Company shall not be taken (or shall be void and without effect), if such action violates the requirements
of Section 409A. Any provision in this Agreement that is determined to violate the requirements of Section 409A shall be void and
without effect. In addition, any provision that is required to appear in this Agreement in accordance with Section 409A that is
not expressly set forth herein shall be deemed to be set forth herein, and the Agreement shall be administered in all respects
as if such provision were expressly set forth. The Company shall delay the commencement of any delivery of Shares that are payable
to the Grantee upon his separation from service if the Grantee is a “key employee” of the Company (as determined by
the Company in accordance with procedures established by the Company that are consistent with Section 409A) to the date which is
immediately following the earlier of (i) six (6) months after the date of the Grantee’s separation from service or (ii) the
Grantee’s death, to the extent such delay is required under the provisions of Section 409A to avoid imposition of additional
income and other taxes, provided that the Company and the Grantee agree to take into account any exemptions available under Section
409A. For purposes of this Agreement, termination of employment shall be construed consistent with the meaning of a separation
from service within the meaning of Section 409A.

 

3.           Change
in Capitalization; Deferral Rights

 

3.1         During
the period the RSUs are not vested, the Grantee shall be credited with dividend equivalents or other distributions declared on
the Shares represented by the RSUs in the manner determined by the Committee. Within thirty (30) days after a Vesting Date, Grantee
shall be paid in cash the dividend equivalents or other distributions with respect to the vested RSUs to which the dividend equivalents
or other distributions relate.

 

3.2         In
the event of a change in capitalization, the Committee shall make appropriate adjustments in accordance with Section 4.3 of the
Plan to reflect the change in capitalization, provided that any such additional Shares or additional or different shares or securities
reflected in any such adjustment shall remain subject to the restrictions in this Agreement.

 

     

     

    

 

3.3         The
Grantee represents and warrants that he is acquiring the Shares under this Agreement for investment purposes only, and not with
a view to distribution thereof. The Grantee is aware that the Shares may not be registered under the federal or any state securities
laws and that for that reason, in addition to the other restrictions on the Shares, they will not be able to be transferred unless
an exemption from registration is available or the Shares are registered. By making this award of RSUs, the Company is not undertaking
any obligation to register the RSUs under any federal or state securities laws.

 

3.4         To
the extent the Grantee is eligible to participate in a deferred compensation plan established for such purpose, the Grantee may
elect to defer delivery of the Shares that would otherwise be due by virtue of the lapse or waiver of the vesting requirements
as set forth in Section 2. If such deferral election is made, the Committee shall, in its sole discretion, establish the rules
and procedures for such deferrals which shall be in compliance with Section 409A.

 

4.           No
Right to Continued Employment

 

Nothing in this Agreement
or the Plan shall be interpreted or construed to confer upon the Grantee any right with respect to continuance of employment by
the Company, nor shall this Agreement or the Plan interfere in any way with the right of the Company to terminate the Grantee’s
employment at any time. The Grantee is employed by the Company “at will,” which means that either the Grantee or the
Company may terminate the Grantee’s employment at any time, for any reason.

 

5.           Taxes
and Withholding

 

The Grantee shall be responsible
for all federal, state, and local income taxes payable with respect to this award of RSUs and any dividends paid on such RSUs.
The Company and the Grantee agree to report the value of the RSUs in a consistent manner for federal income tax purposes. The Company
shall have the right to retain and withhold from any payment of Shares (for the minimum required withholdings or such other amounts
as will not result in adverse accounting treatment to the Company) or cash the amount of taxes required by any government to be
withheld or otherwise deducted and paid with respect to such payment. At its discretion, the Company may require the Grantee to
reimburse the Company for any such taxes required to be withheld and may withhold any distribution in whole or in part until the
Company is so reimbursed. In lieu thereof, the Company shall have the right to withhold from any other cash amounts due to the
Grantee an amount equal to such taxes required to be withheld or withhold and cancel (for the minimum required withholdings or
such other amounts as will not result in adverse accounting treatment to the Company) (in whole or in part) a number of Shares
having a market value not less than the amount of such taxes.

 

     

     

    

 

6.           The
Grantee Bound By The Plan

 

The Grantee hereby acknowledges
receipt of a copy of the Plan and the prospectus for the Plan, and agrees to be bound by all the terms and provisions thereof.

 

7.           Restrictive
Covenants

 

7.1         In
consideration for the grant of the RSUs, continued employment with the Company, and other good and valuable consideration, the
Grantee agrees to the following:

 

(i)          During
the Grantee’s employment with the Company and for a one (1) year period after the Date of Termination, the Grantee will not
directly or indirectly, individually, or on behalf of any Person other than the Company or a Subsidiary:

 

(a)          solicit
any Customers for the purpose of providing services identical to or reasonably substitutable for the Company’s Business;

 

(b)          solicit
or induce, or in any manner attempt to solicit or induce, any Person employed by the Company to leave such employment, whether
or not such employment is pursuant to a written contract with the Company or any Subsidiary or is at will; or

 

(c)          knowingly
or intentionally damage or destroy the goodwill and esteem of the Company, any Subsidiary, the Company’s Business or the
Company’s or any Subsidiary’s suppliers, employees, patrons, customers , and others who may at any time have or have
had relations with the Company or any Subsidiary.

 

(ii)         During
the Grantee’s employment with the Company and at all times thereafter, the Grantee will not disclose or use Confidential
Information, except as necessary to carry out his or her duties as an employee of the Company.

 

(iii)        Upon
termination or expiration of the Grantee’s employment with the Company for any reason whatsoever or at any time, the Grantee
will upon request by the Company deliver promptly to the Company all materials (including electronically-stored materials), documents,
plans, records, notes, or other papers, and any copies in the Grantee’s possession or control, relating in any way to the
Company’s Business, which at all times shall be the property of the Company.

 

7.2         For
purposes of this Agreement, the following terms shall have the meanings specified below:

 

(i)          “Company’s
Business” means the business of operating a commercial or retail bank, savings association, mutual thrift, credit
union, trust company, securities brokerage or insurance agency.

 

     

     

    

 

(ii)         “Confidential
Information” means information, without regard to form, relating to the Company’s or any Subsidiary’s
customers, operation, finances, and business that has value to the Company or any Subsidiary, is not generally known to competitors
of the Company or a Subsidiary and that the Grantee became aware of due to his or her employment with the Company. Confidential
Information includes, but is not limited to, technical or non-technical data (including personnel data), formulas, patterns, compilations
(including compilations of customer information), programs, devices, methods, techniques, processes, financial data or lists of
actual or potential customers (including identifying information about customers), whether or not in writing. Confidential Information
includes information disclosed to the Company or any Subsidiary by third parties that the Company or any Subsidiary is obligated
to maintain as confidential. Confidential Information subject to this Agreement may include information that is not a trade secret
under applicable law, but information not constituting a trade secret only shall be treated as Confidential Information under this
Agreement for a five (5) year period after the Date of Termination.

 

(iii)        “Customers”
means all Persons that (1) the Grantee serviced or solicited on behalf of the Company or any Subsidiary during the twenty-four
(24) months prior to the Date of Termination, (2) whose dealings with the Company or any Subsidiary were coordinated or supervised,
in whole or in part, by the Grantee during the twenty-four (24) months prior to the Date of Termination, or (3) about whom the
Grantee obtained Confidential Information during the twenty-four (24) months prior to the Date of Termination, as a result of the
Grantee’s association with the Company.

 

(iv)        “Date
of Termination” means the date upon which the Grantee’s employment with the Company ceases for any reason.

 

(v)         “Person”
means any individual, corporation, bank, partnership, joint venture, association, joint-stock company, trust, unincorporated organization
or other entity.

 

7.3         If
the Grantee violates the restrictive covenants set forth in Section 7.1, then the Company shall be entitled to all remedies available
in law or equity. In addition (and without limiting the foregoing), if the Grantee violates the restrictive covenants set forth
in Section 7.1, the Committee shall, notwithstanding any other provision in this Agreement to the contrary, (i) cancel the outstanding
RSUs that are not yet vested or with respect to which Shares have not yet been issued to the Grantee, and (ii) require the Grantee
to return to the Company any Shares issued to the Grantee pursuant to vesting of the RSUs (or to pay to the Company the greater
of the then current value of any such Shares or the value of the shares as of the applicable Vesting Date) that occurred (or will
occur) during the period six (6) months prior to and one (1) year after the Date of Termination.

 

     

     

    

 

7.4         The
Grantee acknowledges and agrees that the provisions of Section 7.1 are reasonable as to time, scope and territory given the Company’s
need to protect its Confidential Information and its relationships and goodwill with its customers, suppliers, employees and contractors,
all of which have been developed at great time and expense to the Company. The Grantee represents that he or she has the skills
and abilities to obtain alternative employment after the Date of Termination that would not violate the covenants in Section 7.1
and that these covenants do not pose an undue hardship on the Grantee. The Grantee further acknowledges that his or her breach
of any of the covenants in Section 7.1 would likely cause irreparable injury to the Company, and therefore entitles the Company
to injunctive relief, in addition to any other remedies available in law or equity.

 

8.           Modification
of Agreement; Severability

 

If any provision of this
Agreement is held by a court of competent jurisdiction to be overly broad or unenforceable for any reason, the parties authorize
such court to modify and enforce such provision to the extent the court deems reasonable. If any provision of this Agreement is
found by a court to be overbroad or otherwise unenforceable and not capable of modification, it shall be severed and the remaining
covenants and clauses enforced in accordance with the tenor of this Agreement. The parties may modify, amend, suspend or terminate
this Agreement or may waive any terms or conditions of this Agreement but only by a written instrument executed by the parties
hereto.

 

9.           Governing
Law and Forum

 

The validity, interpretation,
construction, and performance of this Agreement shall be governed by the laws of the state of Georgia without giving effect to
the conflicts of laws principles thereof. The parties agree that they will not file any action arising out of or relating in any
way to this Agreement other than in the United States District Court for the Northern District of Georgia or the Superior Court
of Union County, Georgia. The parties consent to personal jurisdiction and venue solely within these forums and waive all possible
objections thereto.

 

10.         Successors
in Interest

 

This Agreement shall inure
to the benefit of, and be binding upon, the Company and its successors and assigns, whether by merger, consolidation, reorganization,
sale of assets, or otherwise. This Agreement shall inure to the benefit of the Grantee’s legal representatives. All obligations
imposed upon the Grantee and all rights granted to the Company under this Agreement shall be final, binding, and conclusive upon
the Grantee’s heirs, executors, administrators, and successors.

 

11.         Entire
Agreement

 

This Agreement and the Plan
contain the entire agreement and understanding of the parties hereto with respect to the subject matter contained herein and supersede
all prior communications, representations and negotiations in respect thereto. Wherever appropriate in this Agreement, personal
pronouns shall be deemed to include the other genders and the singular to include the plural. Wherever used in this Agreement,
the term “including” means “including, without limitation.”

 

     

     

    

 

12.         Resolution
of Disputes

 

Any dispute or disagreement
which may arise under, or as a result of, or in any way relate to, the interpretation, construction or application of this Agreement
and the Plan shall be determined by the Committee. Any determination made by the Committee shall be final, binding and conclusive
on the Grantee and the Company and their successors, assigns, heirs, executors, administrators and legal representatives for all
purposes.

 

[EXECUTION PAGE FOLLOWS]

 

     

     

    

 

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

 

	 	UNITED COMMUNITY BANKS, INC.
	 	 	 
	 	By:	 
	 	 	 
	 	Name:	 
	 	 	 
	 	Title:	 

 

By accepting this Agreement,
the Grantee hereby accepts the RSU grant subject to all its terms and provisions and agrees to be bound by the terms and provisions
of this Agreement, including Section 7, the Plan and Schedule A attached hereto, if applicable. The Grantee hereby agrees to accept
as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Company, or the Compensation
Committee or other Committee responsible for the administration of the Plan, upon any questions arising under the Plan.

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