Document:

Ex 10.2

	
			
	LIBBEY INC.

	 
	 
	 

	 
	 
	 

	 
	 
	Executive Severance Compensation Policy

Exhibit 10.2
I.STATEMENT
		
	(a)
	Except as otherwise defined in this Policy, capitalized terms are defined in Part II below.

		
	(b)
	Under certain circumstances it is appropriate for the Company to pay severance compensation to a salaried employee whose employment with the Company is terminated.  A U.S. salaried employee who satisfies the following criteria is covered by this Executive Severance Compensation Policy (“Policy”) and is referred to as a “Covered Employee”:

1.The employee is an exempt employee under the FLSA;
		
	2.
	The employee is not a party to a written agreement with Libbey that provides for payment of separation benefits to the employee except under certain circumstances in connection with a change in control of Libbey; and

3.The employee's classification level is Exempt Salary Level 99.
Any U.S. salaried employee who is not a Covered Employee is covered by the Non-Executive Severance Policy.
		
	(c)
	A Covered Employee will be entitled to severance compensation pursuant to this Policy if the Covered Employee's employment with the Company is terminated without Cause and the Covered Employee executes and delivers to the Company a General Release.

II.DEFINITIONS
		
	(a)
	“Board” means the Board of Directors of Libbey Inc.

		
	(b)
	“Cause” means:

		
	1.
	The Covered Employee willfully and continuously fails (other than as a result of his/her incapacity due to physical or mental illness) to substantially perform his/her duties with the Company after the Board has delivered to him/her a written demand for substantial performance that specifically identifies the manner in which the Board believes that he/she has not substantially performed his/her duties;

		
	2.
	The Covered Employee willfully and continuously fails (other than as a result of his/her incapacity due to physical or mental illness) to substantially follow and comply with the specific and lawful directives of the Board, after the Board has delivered to him/her a written demand for substantial performance that specifically identifies the manner in which the Board believes that he/she has not substantially followed or complied with the directives of the Board;

		
	3.
	The Covered Employee commits an act of fraud or dishonesty that causes harm to the Company;

		
	4.
	The Covered Employee fails to comply with a material Company policy or code of conduct;

		
	5.
	The Covered Employee materially breaches any material obligation under any written agreement between him/her and the Company;

		
	6.
	The Covered Employee engages in illegal conduct or gross misconduct that causes harm to the Company; or

		
	7.
	The Covered Employee has been convicted of a misdemeanor or felony that (A) is directly related to the position that the Covered Employee occupies with the Company or (B) indicates that the Covered Employee is unsuitable for the position that he or she occupies with the Company.

		
	(c)
	“Company” means Libbey Inc. or any of its direct or indirect wholly-owned subsidiaries.

		
	(d)
	“Compensation Committee” means the Compensation Committee of the Board.

		
	(e)
	“Covered Employee” means any salaried employee who is covered by this Policy, as set forth in Part I.A above.

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	LIBBEY INC.

	 
	 
	 

	 
	 
	 

	 
	 
	Executive Severance Compensation Policy

		
	(f)
	“Date of Termination” means the date on which the Covered Employee incurs a Separation from Service.

		
	(g)
	“FLSA” means the United States Fair Labor Standards Act, as in effect from time to time.

		
	(h)
	“General Release” means a general release of liability in substantially the form of attached Appendix A.  The General Release will include covenants against non-disparagement and solicitation of employees and, if required by the Compensation Committee, a covenant not to compete with the Company, and will provide that, in the event of a breach by the Covered Employee of his or her obligations under the General Release, the Company will be entitled to exercise all remedies available to it at law or in equity, including seeking injunctive relief and monetary damages.

		
	(i)
	 “Non-Executive Severance Policy” means the Severance Compensation Policy - Non-Executives of the Company.

		
	(j)
	Nonqualified Deferred Compensation” has the meaning set forth in §409A.  Generally speaking, Nonqualified Deferred Compensation means compensation that is earned in one year but is paid in a subsequent year.

		
	(k)
	“Notice of Termination” means written notice that indicates that the Covered Employee's employment with the Company is being terminated.  If termination is by the Company without Cause or by the Covered Employee for Good Reason, the Notice of Termination must set forth in reasonable detail the facts and circumstances claimed to provide a basis for termination of the Covered Employee's employment.

		
	(l)
	“§409A” means Section 409A of the Internal Revenue Code of 1986, as the same may be amended from time to time.

		
	(m)
	“Separation from Service” has the meaning given it in §409A.  Generally speaking, separation from service occurs when the facts and circumstances indicate that the employer and employee reasonably anticipated that no further services would be performed after a certain date or that the level of bona fide services the employee would perform after that date (whether as an employee or as an independent contractor) would permanently decrease to no more than 20 percent of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding 36-month period (or the full period of services to the employer, if the employee has been providing services to the employer for less than 36 months).

		
	(n)
	“Severance Period” means the number of weeks corresponding to the Covered Employee's years of service to the Company in accordance with the following schedule:

	
		
	Years of Service
	Weeks of Severance

	Less than 1 through 19
	52

	20 through 24
	60

	25 through 29
	75

	30 or more
	78

In calculating the Covered Employee's years of service with the Company, partial years will be rounded to the anniversary nearest the day of termination.  For example, if a Covered Employee's years of service are 19 years and 6 months, the Covered Employee will be treated for purposes of this Policy as having 20 years of service.  If a Covered Employee's years of service are 19 years and 5 months, the Covered Employee will be treated for purposes of this Policy as having 19 years of service.
		
	(o)
	“Specified Employee” means a Covered Employee who is any of the following:

		
	1.
	An officer with annual compensation greater than $160,000 (as indexed for inflation in 2010);

		
	2.
	A five percent owner of the Company; or

		
	3.
	A one percent owner of the Company with annual compensation greater than $160,000 (as indexed for inflation in 2010).

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	LIBBEY INC.

	 
	 
	 

	 
	 
	 

	 
	 
	Executive Severance Compensation Policy

Whether a Covered Employee is an “officer” will be determined by the Company in accordance with Section 409A.  The term "officer" is not limited to corporate officers, but includes any employee who has significant administrative or policy-making responsibility.  The determination is based on all the facts, including:
		
	•
	The source of the employee's authority;

		
	•
	The term for which the employee was elected or appointed; and

		
	•
	The nature and extent of the employee's duties.

An employee who merely has the title of an officer but not the authority is not considered an officer. Similarly, an employee who does not have an officer title but does have the authority of an officer is considered an officer regardless of title. Therefore, vice presidents, and even directors or managers, who are normally not considered officers for corporate purposes may be considered officers under Section 409A.
		
	III.
	AMOUNT OF SEVERANCE PAYABLE; LIMITATIONS ON PAYMENT

		
	(a)
	If a Covered Employee is entitled to severance compensation pursuant to Part I above, the Company will pay or provide to the Covered Employee the following benefits:

		
	1.
	Base salary through the Date of Termination;

		
	2.
	Unused vacation days in the year in which the Date of Termination occurs;

		
	3.
	Earned vacation days for the following calendar year, with the number of earned vacation days being determined as follows:

		
	(a)
	If the Date of Termination occurs during a calendar month with 28 days, then the following rounding rules apply:

	
		
	If the Date of Termination occurs:
	Then:

	On any of the first seven days:
	Round down to the nearest full day

	On any of the 8th through 14th days:
	Round up to the nearest one-half day

	On any of the 15th through 21st days:
	Round down to the nearest one-half day

	On any of the 22nd through 28th days:
	Round up to the nearest full day

		
	(b)
	If the Date of Termination occurs during any calendar month with 30 or 31 days, then the following rounding rules apply:

	
		
	If the Date of Termination occurs:
	Then:

	On any of the first seven days:
	Round down to the nearest full day

	On any of the 8th through 15th days:
	Round up to the nearest one-half day

	On any of the 16th through 22nd days:
	Round down to the nearest one-half day

	On any of the 23rd through final days:
	Round up to the nearest full day

		
	4.
	Reimbursement of any expenses properly incurred prior to the Date of Termination in accordance with the Company's policy on business expense reimbursement;

		
	5.
	Any amount or benefit to which the Covered Employee is entitled under any pension plan, retirement savings plan, equity participation plan, stock purchase plan, medical benefit plan or other benefit plan or employment policy maintained by the Company in accordance with the terms of such plan;

		
	6.
	Any annual or long-term incentive compensation actually earned but not yet paid for a performance period ended prior to the Date of Termination, with the applicable incentive compensation being paid, 

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	LIBBEY INC.

	 
	 
	 

	 
	 
	 

	 
	 
	Executive Severance Compensation Policy

subject to the requirements of §409A, between January 1 and March 15 of the year following the end of the applicable performance period;
		
	7.
	Continuation of base salary, in accordance with the Company's normal pay practices, during the applicable Severance Period;

		
	(a)
	If a Covered Employee who is entitled to more than 52 weeks of salary continuation is employed by another employer during the Severance Period, the Company's obligation to pay salary continuation in excess of 52 weeks of base salary shall be reduced to the extent of base salary actually received by the Covered Employee from such other employer during the Severance Period.

		
	(b)
	The Severance Period will not be counted as additional years of service for purposes of the Company's other employee benefit plans.

		
	8.
	Until the last day of the calendar month in which the Severance Period expires, continuation of the Covered Employee's medical, prescription drug and dental benefits, provided that the Covered Employee pays the active-employee contributions for these benefits.  Contributions will be paid through deduction from the Covered Employee's salary continuation payments.

		
	(b)
	If the Covered Employee is a Specified Employee, any severance that constitutes Nonqualified Deferred Compensation will not be payable to the Covered Employee until the first to occur of (1) the first day of the seventh month after the Covered Employee's Separation from Service or (2) the Covered Employee's death, unless and to the extent that the Company, in its sole discretion, determines that §409A provides a valid exception to the 6-month delay rule contained in §409A, including the exception for short-term deferrals set forth in Treasury Regulation §1.409A-1(b)(4) and the exception for certain separation pay plans set forth in Treasury Regulation §1.409A-1(b)(9)(iii), which shall be applied to all installments commencing with the first installment that does not qualify as a short-term deferral until the limitation on separation pay plans is reached.  In connection with the Company's determination as set forth in the preceding sentence, the Covered Employee may furnish the Company with a tax opinion or other evidence that an exception to the 6-month delay applies, but the Company shall not be bound by any such opinion or evidence.

		
	(c)
	Severance benefits may be withheld or reduced if and to the extent that, as of the Covered Employee's Separation from Service:

		
	1.
	the Covered Employee is indebted to the Company for any loan or cash advance that is unpaid and satisfactory arrangements are not made with regard to the obligations;

		
	2.
	the Covered Employee has participated in the Company's Educational Assistance Policy, has not satisfied the minimum service requirements specified in that Policy and has not made satisfactory arrangements to repay the cost expended by the Company on the Covered Employee's behalf pursuant to the Policy;

		
	3.
	the Covered Employee has charged personal expenses to a Company credit card and either (a) has not paid to the Company or the credit card company the amount of such personal expenses or (b) has paid the amount of the personal expenses to the credit card company but has submitted for and received reimbursement from the Company for such personal expenses;

		
	4.
	the Covered Employee has incurred late charges on a Company credit card account and has received reimbursement from the Company for such late charges; or

		
	5.
	the Covered Employee is in a position in which he or she handles Company cash and an audit of the accounts that the Covered Employee is responsible for handling discloses a discrepancy.

IV.EXCEPTIONS
		
	(a)
	Exceptions to this Severance Policy may be made only with the approval of Chief Executive Officer, unless the Covered Employee in question is the Chief Executive Officer, in which case the approval of the Compensation Committee will be required.

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	LIBBEY INC.

	 
	 
	 

	 
	 
	 

	 
	 
	Executive Severance Compensation Policy

V.RIGHT TO TERMINATE OR AMEND SEVERANCE POLICY
		
	(a)
	The Company shall have the right, in its sole discretion, to suspend, terminate, amend, amend and restate, or otherwise modify this Severance Policy at any time and from time to time upon at least 90 days' prior written notice.

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Appendix A
GENERAL RELEASE AND WAIVER OF CLAIMS 

The undersigned, _______________________, resident of the State of _____________ (“Releasor”), in accordance with and pursuant to the terms of the Executive Severance Compensation Policy dated as of __________________ (the “Policy”) of Libbey Inc., a Delaware corporation (the “Company”), and in consideration of the separation benefits provided pursuant to the Policy, except as set forth herein, hereby:
(a)agrees that all Confidential Information of the Company or any of the Affiliates shall be treated by Releasor as confidential, and Releasor shall not, without the consent of the Company, disclose such Confidential Information to any third party or use such Confidential Information for Releasor's personal benefit for as long as the Confidential Information is not generally available to the public. For purposes of this Agreement, “Confidential Information” means information disclosed to Releasor, or known to Releasor, fully as a consequence of or through Releasor's employment by the Company or any Affiliate, including without limitation, information concerning customers, suppliers, employees, business methods, business plans, business strategy, technology, research, manufacturing methods, manufacturing operations, business operations, sales, costs, prices, profits and procedures of the Company or any Affiliate.  As soon as possible after the Company's written request, Releasor will return to the Company all written or electronic Confidential Information that has been provided to the Releasor, and the Releasor will destroy or return (at the Company's option) all copies of any analyses, compilations, studies or other documents prepared by the Releasor or for the Releasor's use containing or reflecting any Confidential Information. Within ten (10) business days of Releasor's receipt of such request from the Company, Releasor shall deliver to the Company a notarized document certifying that such Confidential Information has been returned or destroyed in accordance with this provision.
(b)agrees to disclose promptly in writing to the Company any and all information, discoveries, improvements and inventions that may have been or be made by Releasor as a result of or in conjunction with Releasor's employment with the Company.  Releasor further agrees to assign all such information, discoveries, improvements and inventions to the Company and at the request and expense of the Company to execute all patent applications and patents to the Company.  If the Company is not interested in obtaining title to any particular invention, discovery or improvement and so advises Releasor in writing, then Releasor may consider the same to be Releasor's personal property subject to the right of the Company and any Affiliate to make, use, employ and practice it for its or their own uses and purposes;
(c)agrees that he or she shall not engage in any pattern of conduct that involves the making or publishing of written or oral statements or remarks (including, but not limited to, the repetition or distribution of derogatory rumors, allegations, negative reports, or comments) that are disparaging, deleterious or damaging to the integrity, reputation or goodwill of the Company, any Affiliate or any of the respective managements of either. To the extent inquiries regarding Releasor's employment are directed to the Company's Corporate Human Resources Manager, prospective employers will be provided the dates of Releasor's employment and position with the Company.  If Releasor directs a request for reference to a source other than the Company's Corporate Human Resources Manager, the Company is not responsible for the results of that request;
(d)agrees that, for a period of twelve (12) months commencing on the date of on which Releasor's employment with the Company or its Affiliates was terminated (the “Date of Termination”), Releasor shall not directly or indirectly, personally or on behalf of any other person, business, corporation, or entity, contact or do business with any customer of the Company with respect to any product, business activity or service that is competitive with any product, business, activity or service of the type sold or provided by the Company;
(e)agrees that, unless the Company otherwise agrees in writing, for a period of twelve (12) months commencing on the Date of Termination, the Releasor shall not, directly or indirectly, own, manage, operate, join, control or participate in the ownership, management, operation or control of, or be connected as a director, officer, employee, partner, consultant or otherwise with any entity engaged in a business that sells, in competition with the Company and its affiliates, the same type of products as sold by the Company, including without limitation glass tableware, ceramic dinnerware and metal flatware to the foodservice industry other than as a shareholder or beneficial owner owning five percent (5%) or less of the outstanding securities of a public company. Without limiting the foregoing, currently the following business operations among others sell, in competition with the Company and its affiliates, the same type of products as sold by the Company and its affiliates: Anchor Hocking and Oneida and any affiliate thereof; Arc International and its affiliate Cardinal International, Inc.; and any glass tableware manufacturer, seller or importer for Bormioli Rocco Casa SpA, for the Kedaung group of companies of Indonesia or for the Sisecam group of companies of Turkey including Pasabahce;
(f)agrees that, for a period of twelve (12) months following the Date of Termination, Releasor shall not divert or attempt to divert or take advantage of or attempt to take advantage of any actual or potential business opportunities of the Company (e.g., joint ventures, other business combinations, investment opportunities, potential investors in the Company, and other similar 

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opportunities) of which the Releasor became aware as a result of Releasor's employment with the Company;
(g)acknowledges that the Company has invested substantial time and effort in assembling its present workforce. Accordingly, Releasor covenants and agrees that, for period of twelve (12) months commencing on the Date of Termination, Releasor shall not, either for Releasor's own account or jointly with or as a manager, agent, officer, employee, consultant, partner, joint venture owner or shareholder or otherwise on behalf of any other person, firm or corporation, directly or indirectly entice, solicit, attempt to solicit, or seek to induce or influence any officer or employee of the Company to leave his or her employment with the Company or to offer employment to any person who on or during the six (6) month period immediately preceding the date of such solicitation or offer was an employee of the Company; provided, however, that this Section 15 shall not be deemed to be breached with respect to an employee or former employee of the Company who responds to a general advertisement seeking employment or who otherwise independently initiates contact for the purpose of seeking employment; and
(h)remises, releases and forever discharges and covenants not to sue, and by these presents does for Releasor and Releasor's legal representatives, trustees, beneficiaries, heirs and assigns (Releasor and such persons referred to herein, collectively, as the “Releasing Parties”) hereby remise, release and forever discharge and covenant not to sue, the Company and its affiliates and the respective Officers, directors, employees, equity holders, agent and representatives of each of them and all of their respective successor and assigns (each a “Released Party” and collectively, the “Released Parties”), of and from any and all manner of actions, proceedings, claims, causes of action, suits, promises, damages, judgments, executions, claims and demands, of any nature whatsoever, and of every kind and description, choate and inchoate, known or unknown, at law or in equity (collectively, “Claims”), which the Releasing Parties, or any of them, now have or ever had, or hereafter can, shall or may have, for, upon or by reason of any matter, cause or thing whatsoever, against the Released Parties, and each of them, from the beginning of time to the date hereof;
		
	(i)
	arising from Releasor's employment, compensation, commissions, insurance, stock ownership, stock options, employee benefits and other terms and conditions of employment or employment practices of the Company under federal, state or local law or regulation, including, but not limited to the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended;

		
	(ii)
	relating to the termination of Releasor's employment or the circumstances surrounding thereof based on any contract, tort, whistleblower, personal injury, retaliatory, wrongful discharge or any other theory under any federal, state or local constitution, law, regulation, common law or otherwise;

		
	(iii)
	relating to payment of any attorneys' fees incurred by Releasor; and 

		
	(iv)
	based on any alleged discrimination on the basis of race, color, religion, sex, age, national origin, handicap, disability or another category protected by any federal, state or local law or regulation, including, but not limited to, the Age Discrimination in Employment Act (“ADEA”), Title VII of the Civil Rights Act of 1964 (“Title VII”), the Americans with Disabilities Act (“ADA”), the Fair Labor Standards Act (“FLSA”), the Older Workers Benefit Protection Act of 1990 (“OWBPA”), or Executive Order 11246 (as any of these laws or orders may have been amended) or any other similar federal, state or local labor, employment or anti-discriminatory laws. 

Notwithstanding any other provision of this General Release and Waiver of Claims, Releasor does not release or waive Releasor's rights and Claims against the Company arising out of, or related to, the obligations of the Company pursuant to the Policy, Claims for Releasor's vested benefits under any pension plan, retirement plan and savings plan, rights under any equity participation plan and stock purchase plan and rights to continuation of medical care coverage pursuant to the Consolidated Omnibus Budget Reconciliation Act of 1985 (“COBRA”) and any similar state law. 
Releasor represents and warrants on behalf of the Releasing Parties that there has been, and there will be, no assignment or other transfer of any right or interest in any Claims which Releasor has or may have against the Released Parties, and Releasor hereby agrees to indemnify and hold each Released Party harmless from any Claims, costs, expenses and attorney's fees directly or indirectly incurred by any of the Released Parties as a result of any person asserting any right or interest pursuant to his, her or its assignment or transfer of any such right or interest.
Nothing in this General Release will foreclose Releasor's right to consult or cooperate with any governmental agency.
Releasor agrees that if any Releasing Party hereafter commences, joins in, or in any manner seeks relief through any suit arising out of, based upon, or relating to any of the Claims released hereunder, or in any manner asserts against any Released Party any of the Claims released hereunder, then Releasor will pay to such Released Party, in addition to any all damages and compensation, direct or indirect, all attorney's fees incurred in defending or otherwise responding to such suit or Claims.
Releasor further agrees that the Company and its Affiliates shall be entitled, in the event of any breach by Releasor of 

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Releasor's obligations under this General Release and Waiver of Claims, to exercise such remedies as the Company and its Affiliates may have at law or in equity, including without limitation the right to seek injunctive relief and monetary damages.
Releasor acknowledges that (i) Releasor has received the advice of legal counsel in connection with this General Release and Waiver of Claims, (ii) Releasor has read and understands that this is a General Release and Waiver of Claims, and (iii) Releasor it intends to be legally bound by the same.
Releasor acknowledges that Releasor has been given the opportunity to consider this Release for twenty-one (21) days and has been encouraged and given the opportunity to consult with legal counsel of Releasor's choosing before signing it. Releasor understands that Releasor shall have seven (7) days from the date on which Releasor executes this General Release and Waiver of Claims (as indicated by the date below his signature) to revoke Releasor's signature and agreement to be bound hereby by providing written notice of revocation to the Company within such seven (7) day period. Releasor further understands and acknowledges this Release shall become effective, if not sooner revoked, on the eighth day after the execution hereof by Releasor (the “Effective Date”).
IN WITNESS WHEREOF, Releasor has executed and delivered this General Release and Waiver of Claims on behalf of the Releasing Parties as of the day and year set forth below. 
Dated: _______, 20___. 
	
			
	 
	RELEASOR:

	 
	 
	 

	 
	 
	 

	 
	 

	 
	Name:
	 

8ANNUAL
EXECUTIVE PERFORMANCE INCENTIVE PLAN

Guidelines
for Annual Awards

 

		1.	Purpose

The
purpose of the Annual Executive Performance Incentive Plan is to promote the interests of MVB Bank, Inc. (MVB) and its shareholders
by:

		a.	attracting
                                                                                                                            and
                                                                                                                            retaining
                                                                                                                            executives
                                                                                                                            of
                                                                                                                            outstanding
                                                                                                                            ability;
                                                                                                                            

		b.	incentivizing
                                                                                                                            such
                                                                                                                            individuals,
                                                                                                                            by
                                                                                                                            means
                                                                                                                            of
                                                                                                                            performance-related
                                                                                                                            goals
                                                                                                                            and;

		c.	enabling
                                                                                                                            such
                                                                                                                            individuals
                                                                                                                            to
                                                                                                                            participate
                                                                                                                            in
                                                                                                                            the
                                                                                                                            growth
                                                                                                                            and
                                                                                                                            financial
                                                                                                                            success
                                                                                                                            of
                                                                                                                            MVB

2.Plan
Scope

These
Guidelines cover MVB’s Annual Executive Performance Incentive Plan (Plan) only and do not address other compensation, benefits
or other incentive plans in place at MVB. The Plan is administered on an annual basis corresponding to MVB’s fiscal year
(January-December). At the start of each year, an updated Plan is submitted to MVB Financial Corp’s Board of Directors for
approval through its Human Resources Committee. The Plan is overseen and monitored by MVB’s Human Resources Department.

3.
Plan Participation Eligibility

On
an annual basis, the CEO recommends the Executives (Named Executive) who will be eligible for the Plan, subject to final approval
by the MVB Financial Corp. Board of Directors. Once the annual Plan is approved, each Named Executive will receive written notification
and a copy of the given year’s Plan reflecting his or her requirements and potential incentive payout levels. The CEO is
eligible to participate in the plan.

MVB
Team Members who participate in a commission-based incentive plan (Mortgage Loan Officers/Mortgage Loan Manager) or any other
MVB Financial Corp. incentive plan, will not be eligible for this Plan.

4.
Plan Design

The
Plan has been designed using industry best practices aligned with MVB’s strategic planning and performance benchmark targets.
There are several components to the design with different criteria and weightings applied to ensure the Plan is stringent, yet
team and individually achievable as an effective incentive to garner high performance in all areas of MVB operations.

		a.	Annual
                                                                                                                              Executive
                                                                                                                              Incentive
                                                                                                                              Plan
                                                                                                                              Performance
                                                                                                                              Requirements
                                                                                                                              and
                                                                                                                              Payout
                                                                                                                              Matrix

As
part of the annual review and approval of the Plan, the CEO will provide the Human Resources Committee with detailed Performance
Requirements and a Payout Matrix (Plan Matrix) which establishes for each Named Executive the given year’s performance measurements
and associated weightings used to determine individual incentive compensation payouts. The HR Committee shall annually establish
similar detailed Performance Requirements and a Payout Matrix (Plan Matrix) for the CEO.

In
addition, the Matrix will reflect the payout ratios based on actual performance targets and percentage breakdowns (weights) regarding
the Named Executive’s portion of potential incentive which comes from overall company performance metrics and if applicable,
from the individual’s annual personal performance evaluation.

The
Plan Guidelines or the Plan Matrix, once approved, cannot be changed or modified by a verbal communication or course of dealing,
but only by a written communication signed by the Human Resources Committee Chairman.

     

     

    

 

		b.	Key
                                                                                                                              Criteria
                                                                                                                              for
                                                                                                                              Incentive
                                                                                                                              Payout
                                                                                                                              Activation

The
following are set criteria that must be met fully or no incentive payout is made:

By
the Bank – No payout to any Named Executive will be made unless MVB’s annually established Net Income goal
target is met or exceeded

By
the Individual – No payout to a Named Executive will be made unless these two requirements are met:

			• 	Receive
                                                                                         a “3- Meets Expectations”
                                                                                         rating (on a 1 to 5 scale) on her or
                                                                                         his personal performance plan (3P) for
                                                                                         the Plan year, AND
			• 	Complete
                                                                                         his or her established education plan
                                                                                         for the given year.

		c.	Net
                                                                                                                              Income
                                                                                                                              Incentive
                                                                                                                              Percentages
                                                                                                                              and
                                                                                                                              Targeted
                                                                                                                              Requirements
	 	 	 

MVB’s
net income for the year will be the basis for determining the overall incentive payout levels based on the following scale:

	Performance
                                                                                                       Level Against

        Net
        Income Goal
	Payout
    as Percent (%) of Target Incentive Opportunity
	100%	     
    0%
	125%	25%
	150%	50%
	200%	100%

The
applicable percentage will be indicated in the Plan Matrix to be reviewed and recommended by the Human Resources Committee with
final approval by the MVB Financial Corp. Board of Directors and be calculated on a prorated basis.

The
following govern how the net income goal is established and used:

		 i.	 The net income target value will be established as part of the annual strategic planning and performance benchmark activity.
The MVB Financial Corp. Board of Directors gives final approval to the pending year’s net income goal, which becomes the
net income target goal for the Plan.

		ii. 	 The net income goal for the calendar year may be further adjusted to reflect extraordinary events or circumstances affecting
MVB Financial Corp. or its business, which render such a goal unattainable.

		 
                          iii. 	 As shown in the above table, reaching 100% or falling short of the net income goal will result in no incentive payout for
any Named Executive.

		d.	Plan
                                                                                                                              Governance
                                                                                                                              &
                                                                                                                              Authorization

The
following cover how the Plan and Plan Matrix will be governed and implemented:

		 
                          i.	                                                                             MVB Financial Corp. Board of Directors may,
                                                                             at their sole discretion, waive, change or amend
                                                                             the Plan and the annual Plan Matrix as it deems appropriate.

		ii. 	 The
Human Resources Committee working on behalf of, and subject to review and approval by a majority of, the MVB Financial Corp. Board,
will clarify, interpret and resolve any ambiguity as to the meaning of any terms or provisions of this Plan or annual Plan Matrix
or any questions as to the correct interpretation of any information contained therein, all of which will be final and binding.

     

     

    
	

		iii. 	                                                                                                                                                                                       By
                                                                                                                                                                                        participating
                                                                                                                                                                                        in
                                                                                                                                                                                        the
                                                                                                                                                                                        Plan
                                                                                                                                                                                        under
                                                                                                                                                                                        these
                                                                                                                                                                                        Guidelines,
                                                                                                                                                                                        each
                                                                                                                                                                                        Named
                                                                                                                                                                                        Executive
                                                                                                                                                                                        agrees
                                                                                                                                                                                        that
                                                                                                                                                                                        such
                                                                                                                                                                                        decisions,
                                                                                                                                                                                        rulings
                                                                                                                                                                                        and
                                                                                                                                                                                        interpretations
                                                                                                                                                                                        will
                                                                                                                                                                                        be
                                                                                                                                                                                        final
                                                                                                                                                                                        and
                                                                                                                                                                                        that
                                                                                                                                                                                        each
                                                                                                                                                                                        Named
                                                                                                                                                                                        Executive
                                                                                                                                                                                        will
                                                                                                                                                                                        be
                                                                                                                                                                                        bound
                                                                                                                                                                                        by
                                                                                                                                                                                        them.
                                                                                                                                                                                        Each
                                                                                                                                                                                        Named
                                                                                                                                                                                        Executive
                                                                                                                                                                                        further
                                                                                                                                                                                        agrees
                                                                                                                                                                                        that
                                                                                                                                                                                        if
                                                                                                                                                                                        and
                                                                                                                                                                                        when
                                                                                                                                                                                        any
                                                                                                                                                                                        circumstances
                                                                                                                                                                                        arise
                                                                                                                                                                                        relating
                                                                                                                                                                                        to
                                                                                                                                                                                        these
                                                                                                                                                                                        Guidelines
                                                                                                                                                                                        which
                                                                                                                                                                                        are
                                                                                                                                                                                        not
                                                                                                                                                                                        covered
                                                                                                                                                                                        by
                                                                                                                                                                                        this
                                                                                                                                                                                        description
                                                                                                                                                                                        of
                                                                                                                                                                                        the
                                                                                                                                                                                        Plan,
                                                                                                                                                                                        the
                                                                                                                                                                                        Named
                                                                                                                                                                                        Executive
                                                                                                                                                                                        will
                                                                                                                                                                                        be
                                                                                                                                                                                        bound
                                                                                                                                                                                        by
                                                                                                                                                                                        the
                                                                                                                                                                                        recommended
                                                                                                                                                                                        decision,
                                                                                                                                                                                        ruling
                                                                                                                                                                                        or
                                                                                                                                                                                        interpretation
                                                                                                                                                                                        of
                                                                                                                                                                                        the
                                                                                                                                                                                        Human
                                                                                                                                                                                        Resources
                                                                                                                                                                                        Committee
                                                                                                                                                                                        as
                                                                                                                                                                                        approved
                                                                                                                                                                                        by
                                                                                                                                                                                        the
                                                                                                                                                                                        MVB
                                                                                                                                                                                        Financial
                                                                                                                                                                                        Corp.
                                                                                                                                                                                        Board
                                                                                                                                                                                        of
                                                                                                                                                                                        Directors.

		 iv. 	 Payment of any cash incentive under these Guidelines to any Named Executive covered is conditioned upon the written certification
of the Human Resources Committee that the performance goals and any other material conditions applicable to such award were satisfied.

		  
                          v.	 The Human Resources Committee
                                        will retain the discretion to decrease, but not increase, the amount of any cash incentive
                                        otherwise payable to any Named Executive in accordance with the applicable performance
                                        formula described above. 

		e.	Performance
                                                                                                                              Benchmarks
                                                                                                                              Development
                                                                                                                              &
                                                                                                                              Use

A
set of performance measurements, beyond the net income goal, will be used in the Plan. The final performance metric and its targeted
value for the given year Plan will be found on the Plan Matrix. Each Named Executive will have a series of selected performance
metrics designated as part of his or her performance criteria to reach or exceed during the Plan year. For each such performance
metric, a weight will be assigned to equal 100% across the total metrics determined for the Named Executive. The following are
the prime performance metrics deployed in the Plan Matrix (subject to change from year to year):

Net
IncomeTransaction Accounts Core Deposits

Kasasa
Cash/Savings DepositsNon-Interesting Bearing Deposits

Commercial
Loans Deposit Cross Sell

Non-Performing
LoansPull Through Rate

Mortgage
LoansMortgage Income

Loan
Loss Reserve M&A Transactions

 

		f.	Allocation
                                                                                                                              of
                                                                                                                              Performance
                                                                                                                              Payout
                                                                                                                              Weights
                                                                                                                              between
                                                                                                                              Performance
                                                                                                                              Metrics
                                                                                                                              and
                                                                                                                              Personal
                                                                                                                              Performance

Four
incentive percentage split tiers will be used based upon job position levels within MVB. The Plan Matrix will indicate the designated
tier for each Named Executive. The tier weighting ratios will be used in calculating the incentive payouts as follows:

	Incentive
    Tier	Performance
    Metric(PM)/Personal Performance (PP)Weighting
	1	60%
    PM - 40% PP
	2	80%
    PM -  20% PP
	3	90%
    PM - 10% PP
	4	100%
    PM Bank*

*Subject
to additional Plan guidelines set forth below.

 

		g.	Payment
                                                                                                                              and
                                                                                                                              Tax
                                                                                                                              Considerations

The
following are considerations regarding payment and associated taxes based on the Plan design:

		 
                          i.	                                                                            Awards earned under these Guidelines are expected
                                                                             to be paid within sixty (60) days following the later
                                                                             of the end of the month in which the calendar year
                                                                             comes to an end or the delivery of financial statements
                                                                             to MVB after the completion of the external financial
                                                                             audit.

     

     

    
	

		ii 	
                                                                                                                                                                                   All
                                                                                                                                                                                   award
                                                                                                                                                                                   payments
                                                                                                                                                                                   under
                                                                                                                                                                                   these
                                                                                                                                                                                   Guidelines
                                                                                                                                                                                   are
                                                                                                                                                                                   considered
                                                                                                                                                                                   supplemental
                                                                                                                                                                                   pay
                                                                                                                                                                                   and
                                                                                                                                                                                   will
                                                                                                                                                                                   be
                                                                                                                                                                                   taxed
                                                                                                                                                                                   as
                                                                                                                                                                                   such.
                                                                                                                                                                                   Appropriate
                                                                                                                                                                                   withholding
                                                                                                                                                                                   and
                                                                                                                                                                                   deductions
                                                                                                                                                                                   will
                                                                                                                                                                                   be
                                                                                                                                                                                   taken
                                                                                                                                                                                   from
                                                                                                                                                                                   such
                                                                                                                                                                                   payments.
                                                                                                                                                                                   Percentages
                                                                                                                                                                                   will
                                                                                                                                                                                   be
                                                                                                                                                                                   rounded
                                                                                                                                                                                   to
                                                                                                                                                                                   the
                                                                                                                                                                                   nearest
                                                                                                                                                                                   1/10
                                                                                                                                                                                   of
                                                                                                                                                                                   a
                                                                                                                                                                                   percent
                                                                                                                                                                                   (for
                                                                                                                                                                                   example,
                                                                                                                                                                                   10.3%)
                                                                                                                                                                                   and
                                                                                                                                                                                   the
                                                                                                                                                                                   total
                                                                                                                                                                                   amount
                                                                                                                                                                                   of
                                                                                                                                                                                   award
                                                                                                                                                                                   will
                                                                                                                                                                                   be
                                                                                                                                                                                   rounded
                                                                                                                                                                                   up
                                                                                                                                                                                   to
                                                                                                                                                                                   the
                                                                                                                                                                                   nearest
                                                                                                                                                                                   whole
                                                                                                                                                                                   dollar.

		iii. 	
                                                                                                                                                                                                 The
                                                                                                                                                                                                 amount
                                                                                                                                                                                                 of
                                                                                                                                                                                                 a
                                                                                                                                                                                                 Named
                                                                                                                                                                                                 Executive’s
                                                                                                                                                                                                 earnings
                                                                                                                                                                                                 for
                                                                                                                                                                                                 the
                                                                                                                                                                                                 calendar
                                                                                                                                                                                                 year
                                                                                                                                                                                                 which
                                                                                                                                                                                                 have
                                                                                                                                                                                                 actually
                                                                                                                                                                                                 been
                                                                                                                                                                                                 paid
                                                                                                                                                                                                 to
                                                                                                                                                                                                 the
                                                                                                                                                                                                 Named
                                                                                                                                                                                                 Executive
                                                                                                                                                                                                 will
                                                                                                                                                                                                 be
                                                                                                                                                                                                 used
                                                                                                                                                                                                 in
                                                                                                                                                                                                 determining
                                                                                                                                                                                                 the
                                                                                                                                                                                                 amount
                                                                                                                                                                                                 of
                                                                                                                                                                                                 incentive
                                                                                                                                                                                                 payout
                                                                                                                                                                                                 calculation.
                                                                                                                                                                                                 This
                                                                                                                                                                                                 calculation
                                                                                                                                                                                                 excludes
                                                                                                                                                                                                 the
                                                                                                                                                                                                 salary
                                                                                                                                                                                                 elements
                                                                                                                                                                                                 for
                                                                                                                                                                                                 any
                                                                                                                                                                                                 award
                                                                                                                                                                                                 payments
                                                                                                                                                                                                 issued
                                                                                                                                                                                                 during
                                                                                                                                                                                                 the
                                                                                                                                                                                                 calendar
                                                                                                                                                                                                 year.
                                                                                                                                                                                                 

		h.	Qualified
                                                                                                                              Performance-Based
                                                                                                                              Awards
                                                                                                                              Requirement

Section
162(m) of the Internal Revenue Code limits the amount of annual compensation that may be deducted by a public company for each
of its top four executives to $1 million. Certain types of compensation are not subject to the limit, including compensation that
is performance-based within the meaning of IRS regulations, if this plan is approved by the shareholders of MVB Financial Corp.

MVB
will also comply with executive compensation standards to include the CEO, CFO, plus the next three most highly compensated executive
officers. The standards that have to be met include:

		·	Ensuring
                                                                                                                                  incentive
                                                                                                                                  compensation
                                                                                                                                  does
                                                                                                                                  not
                                                                                                                                  encourage
                                                                                                                                  excessive
                                                                                                                                  risk-taking.

		·	Require
                                                                                                                                  clawback
                                                                                                                                  of
                                                                                                                                  any
                                                                                                                                  incentive
                                                                                                                                  or
                                                                                                                                  incentive
                                                                                                                                  compensation
                                                                                                                                  paid
                                                                                                                                  to
                                                                                                                                  a
                                                                                                                                  senior
                                                                                                                                  executive
                                                                                                                                  based
                                                                                                                                  on
                                                                                                                                  statements
                                                                                                                                  of
                                                                                                                                  earnings,
                                                                                                                                  gains
                                                                                                                                  or
                                                                                                                                  other
                                                                                                                                  criteria
                                                                                                                                  that
                                                                                                                                  are
                                                                                                                                  later
                                                                                                                                  proven
                                                                                                                                  to
                                                                                                                                  be
                                                                                                                                  materially
                                                                                                                                  inaccurate.

		5.	Final
                                                                                                                                Payout
                                                                                                                                Eligibility
                                                                                                                                Requirements

The
following are conditions which regulate the payout of any incentive compensation:

	a.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            must
                                                                                                                                            be
                                                                                                                                            classified
                                                                                                                                            as
                                                                                                                                            a
                                                                                                                                            regular
                                                                                                                                            and
                                                                                                                                            full-time
                                                                                                                                            for
                                                                                                                                            the
                                                                                                                                            entire
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            and
                                                                                                                                            be
                                                                                                                                            of
                                                                                                                                            active
                                                                                                                                            status
                                                                                                                                            in
                                                                                                                                            order
                                                                                                                                            to
                                                                                                                                            receive
                                                                                                                                            payment.

	b.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            must
                                                                                                                                            be
                                                                                                                                            hired
                                                                                                                                            and
                                                                                                                                            on
                                                                                                                                            the
                                                                                                                                            active
                                                                                                                                            payroll
                                                                                                                                            as
                                                                                                                                            full-time
                                                                                                                                            as
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            first
                                                                                                                                            business
                                                                                                                                            day
                                                                                                                                            after
                                                                                                                                            October
                                                                                                                                            1
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            applicable
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            in
                                                                                                                                            order
                                                                                                                                            to
                                                                                                                                            participate
                                                                                                                                            during
                                                                                                                                            that
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            and
                                                                                                                                            will
                                                                                                                                            be
                                                                                                                                            paid
                                                                                                                                            at
                                                                                                                                            a
                                                                                                                                            prorated
                                                                                                                                            payout
                                                                                                                                            amount.

	c.		If
                                                                                                                                            a
                                                                                                                                            Named
                                                                                                                                            Executive,
                                                                                                                                            who
                                                                                                                                            was
                                                                                                                                            previously
                                                                                                                                            eligible
                                                                                                                                            for
                                                                                                                                            another
                                                                                                                                            MVB-based
                                                                                                                                            incentive
                                                                                                                                            plan,
                                                                                                                                            is
                                                                                                                                            promoted
                                                                                                                                            to
                                                                                                                                            a
                                                                                                                                            position
                                                                                                                                            eligible
                                                                                                                                            for
                                                                                                                                            the
                                                                                                                                            Plan,
                                                                                                                                            he
                                                                                                                                            or
                                                                                                                                            she
                                                                                                                                            will
                                                                                                                                            be
                                                                                                                                            eligible
                                                                                                                                            for
                                                                                                                                            a
                                                                                                                                            prorated
                                                                                                                                            payout
                                                                                                                                            based
                                                                                                                                            on
                                                                                                                                            both
                                                                                                                                            plans’
                                                                                                                                            criteria.

	d.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            on
                                                                                                                                            leave
                                                                                                                                            of
                                                                                                                                            absence,
                                                                                                                                            regardless
                                                                                                                                            of
                                                                                                                                            type,
                                                                                                                                            will
                                                                                                                                            receive
                                                                                                                                            the
                                                                                                                                            incentive
                                                                                                                                            payment
                                                                                                                                            only
                                                                                                                                            upon
                                                                                                                                            return
                                                                                                                                            to
                                                                                                                                            regular,
                                                                                                                                            full-time,
                                                                                                                                            active
                                                                                                                                            status;
                                                                                                                                            provided,
                                                                                                                                            however,
                                                                                                                                            that
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            on
                                                                                                                                            military
                                                                                                                                            leave
                                                                                                                                            will
                                                                                                                                            be
                                                                                                                                            issued
                                                                                                                                            payment
                                                                                                                                            at
                                                                                                                                            the
                                                                                                                                            time
                                                                                                                                            incentive
                                                                                                                                            checks
                                                                                                                                            are
                                                                                                                                            issued
                                                                                                                                            even
                                                                                                                                            if
                                                                                                                                            they
                                                                                                                                            have
                                                                                                                                            not
                                                                                                                                            returned
                                                                                                                                            to
                                                                                                                                            regular,
                                                                                                                                            full-time,
                                                                                                                                            active
                                                                                                                                            status
                                                                                                                                            at
                                                                                                                                            that
                                                                                                                                            time.

		6.	Additional
                                                                                                                                Plan
                                                                                                                                Payout
                                                                                                                                Conditions

	a.		In
                                                                                                                                            the
                                                                                                                                            event
                                                                                                                                            of
                                                                                                                                            major
                                                                                                                                            economic
                                                                                                                                            changes,
                                                                                                                                            catastrophic
                                                                                                                                            events,
                                                                                                                                            or
                                                                                                                                            any
                                                                                                                                            other
                                                                                                                                            circumstances
                                                                                                                                            not
                                                                                                                                            contemplated
                                                                                                                                            by
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            (but
                                                                                                                                            subject
                                                                                                                                            to
                                                                                                                                            the
                                                                                                                                            rules
                                                                                                                                            described
                                                                                                                                            above
                                                                                                                                            relating
                                                                                                                                            to
                                                                                                                                            Qualified
                                                                                                                                            Performance-Based
                                                                                                                                            Awards),
                                                                                                                                            the
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            Board
                                                                                                                                            of
                                                                                                                                            Directors,
                                                                                                                                            working
                                                                                                                                            through
                                                                                                                                            its
                                                                                                                                            Human
                                                                                                                                            Resources
                                                                                                                                            Committee,
                                                                                                                                            reserves
                                                                                                                                            the
                                                                                                                                            right
                                                                                                                                            to
                                                                                                                                            alter,
                                                                                                                                            amend
                                                                                                                                            or
                                                                                                                                            terminate
                                                                                                                                            these
                                                                                                                                            Guidelines
                                                                                                                                            and
                                                                                                                                            any
                                                                                                                                            awards
                                                                                                                                            hereunder.

	b.		In
                                                                                                                                            the
                                                                                                                                            event
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            restates
                                                                                                                                            its
                                                                                                                                            financial
                                                                                                                                            results
                                                                                                                                            within
                                                                                                                                            twelve
                                                                                                                                            (12)
                                                                                                                                            months
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            payment
                                                                                                                                            of
                                                                                                                                            an
                                                                                                                                            award
                                                                                                                                            under
                                                                                                                                            these
                                                                                                                                            Guidelines
                                                                                                                                            due
                                                                                                                                            to
                                                                                                                                            material
                                                                                                                                            non-compliance
                                                                                                                                            with
                                                                                                                                            any
                                                                                                                                            financial
                                                                                                                                            reporting
                                                                                                                                            requirements
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            federal
                                                                                                                                            securities
                                                                                                                                            laws
                                                                                                                                            as
                                                                                                                                            a
                                                                                                                                            result
                                                                                                                                            of
                                                                                                                                            a
                                                                                                                                            Named
                                                                                                                                            Executive’s
                                                                                                                                            intentional
                                                                                                                                            “misconduct”
                                                                                                                                            (as
                                                                                                                                            determined
                                                                                                                                            by
                                                                                                                                            the
                                                                                                                                            members
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            Board),
                                                                                                                                            the
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            will
                                                                                                                                            reimburse
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            the
                                                                                                                                            difference
                                                                                                                                            between
                                                                                                                                            the
                                                                                                                                            amount
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            award
                                                                                                                                            actually
                                                                                                                                            awarded
                                                                                                                                            and
                                                                                                                                            the
                                                                                                                                            amount
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            award
                                                                                                                                            such
                                                                                                                                            an
                                                                                                                                            executive
                                                                                                                                            officer
                                                                                                                                            would
                                                                                                                                            have
                                                                                                                                            received
                                                                                                                                            had
                                                                                                                                            the
                                                                                                                                            amount
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            award
                                                                                                                                            been
                                                                                                                                            calculated
                                                                                                                                            based
                                                                                                                                            on
                                                                                                                                            the
                                                                                                                                            restated
                                                                                                                                            financial
                                                                                                                                            statements.

     

     

    
	

	c.		The
                                                                                                                                            altering,
                                                                                                                                            inflating,
                                                                                                                                            and/or
                                                                                                                                            inappropriate
                                                                                                                                            manipulation
                                                                                                                                            of
                                                                                                                                            performance/financial
                                                                                                                                            results
                                                                                                                                            or
                                                                                                                                            any
                                                                                                                                            other
                                                                                                                                            infraction
                                                                                                                                            of
                                                                                                                                            recognized
                                                                                                                                            ethical
                                                                                                                                            business
                                                                                                                                            standards,
                                                                                                                                            will
                                                                                                                                            subject
                                                                                                                                            the
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            to
                                                                                                                                            disciplinary
                                                                                                                                            action
                                                                                                                                            up
                                                                                                                                            to
                                                                                                                                            and
                                                                                                                                            including
                                                                                                                                            termination
                                                                                                                                            of
                                                                                                                                            employment.
                                                                                                                                            In
                                                                                                                                            addition,
                                                                                                                                            any
                                                                                                                                            award
                                                                                                                                            as
                                                                                                                                            provided
                                                                                                                                            by
                                                                                                                                            the
                                                                                                                                            Plan
                                                                                                                                            to
                                                                                                                                            which
                                                                                                                                            the
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            would
                                                                                                                                            otherwise
                                                                                                                                            be
                                                                                                                                            entitled
                                                                                                                                            will
                                                                                                                                            be
                                                                                                                                            revoked.

	d.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            who
                                                                                                                                            has
                                                                                                                                            willfully
                                                                                                                                            engaged
                                                                                                                                            in
                                                                                                                                            any
                                                                                                                                            activity
                                                                                                                                            injurious
                                                                                                                                            to
                                                                                                                                            MVB
                                                                                                                                            will
                                                                                                                                            forfeit
                                                                                                                                            any
                                                                                                                                            award
                                                                                                                                            earned
                                                                                                                                            during
                                                                                                                                            the
                                                                                                                                            award
                                                                                                                                            period
                                                                                                                                            in
                                                                                                                                            which
                                                                                                                                            the
                                                                                                                                            activity
                                                                                                                                            occurred.

	e.		Regarding
                                                                                                                                            acquisitions/mergers,
                                                                                                                                            end
                                                                                                                                            of
                                                                                                                                            year
                                                                                                                                            goals
                                                                                                                                            or
                                                                                                                                            expenses
                                                                                                                                            will
                                                                                                                                            not
                                                                                                                                            be
                                                                                                                                            adjusted.
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            will
                                                                                                                                            not
                                                                                                                                            gain
                                                                                                                                            net
                                                                                                                                            income
                                                                                                                                            credit
                                                                                                                                            nor
                                                                                                                                            will
                                                                                                                                            deduct
                                                                                                                                            the
                                                                                                                                            cost
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            acquisition/merger
                                                                                                                                            from
                                                                                                                                            expenses
                                                                                                                                            before
                                                                                                                                            final
                                                                                                                                            payout
                                                                                                                                            is
                                                                                                                                            made.

		7.	Employment
                                                                                                                                Status
                                                                                                                                Changes
                                                                                                                                and
                                                                                                                                Retirement

	a.		Except
                                                                                                                                            as
                                                                                                                                            set
                                                                                                                                            forth
                                                                                                                                            below,
                                                                                                                                            a
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            whose
                                                                                                                                            employment
                                                                                                                                            with
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            ends
                                                                                                                                            for
                                                                                                                                            any
                                                                                                                                            reason,
                                                                                                                                            other
                                                                                                                                            than
                                                                                                                                            death,
                                                                                                                                            prior
                                                                                                                                            to
                                                                                                                                            the
                                                                                                                                            issuance
                                                                                                                                            of
                                                                                                                                            incentive,
                                                                                                                                            will
                                                                                                                                            forfeit
                                                                                                                                            any
                                                                                                                                            incentive
                                                                                                                                            he
                                                                                                                                            or
                                                                                                                                            she
                                                                                                                                            otherwise
                                                                                                                                            would
                                                                                                                                            have
                                                                                                                                            been
                                                                                                                                            entitled
                                                                                                                                            to
                                                                                                                                            receive.

	b.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            who
                                                                                                                                            dies
                                                                                                                                            or
                                                                                                                                            whose
                                                                                                                                            employment
                                                                                                                                            ends
                                                                                                                                            due
                                                                                                                                            to
                                                                                                                                            Disability
                                                                                                                                            or
                                                                                                                                            Retirement
                                                                                                                                            after
                                                                                                                                            the
                                                                                                                                            end
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            calendar
                                                                                                                                            year,
                                                                                                                                            but
                                                                                                                                            before
                                                                                                                                            the
                                                                                                                                            issuance
                                                                                                                                            of
                                                                                                                                            incentive,
                                                                                                                                            will
                                                                                                                                            not
                                                                                                                                            forfeit
                                                                                                                                            the
                                                                                                                                            incentive
                                                                                                                                            which
                                                                                                                                            the
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            would
                                                                                                                                            have
                                                                                                                                            otherwise
                                                                                                                                            been
                                                                                                                                            entitled
                                                                                                                                            to
                                                                                                                                            receive.

	c.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            who
                                                                                                                                            dies
                                                                                                                                            or
                                                                                                                                            whose
                                                                                                                                            employment
                                                                                                                                            ends
                                                                                                                                            due
                                                                                                                                            to
                                                                                                                                            Disability
                                                                                                                                            during
                                                                                                                                            a
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            will
                                                                                                                                            participate
                                                                                                                                            on
                                                                                                                                            a
                                                                                                                                            prorated
                                                                                                                                            basis
                                                                                                                                            in
                                                                                                                                            the
                                                                                                                                            incentive
                                                                                                                                            program
                                                                                                                                            based
                                                                                                                                            upon
                                                                                                                                            the
                                                                                                                                            number
                                                                                                                                            of
                                                                                                                                            weeks
                                                                                                                                            of
                                                                                                                                            employment
                                                                                                                                            with
                                                                                                                                            MVB
                                                                                                                                            during
                                                                                                                                            such
                                                                                                                                            year.

	d.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            whose
                                                                                                                                            employment
                                                                                                                                            ends
                                                                                                                                            due
                                                                                                                                            to
                                                                                                                                            Retirement
                                                                                                                                            during
                                                                                                                                            a
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            will
                                                                                                                                            participate
                                                                                                                                            on
                                                                                                                                            a
                                                                                                                                            prorated
                                                                                                                                            basis
                                                                                                                                            in
                                                                                                                                            the
                                                                                                                                            incentive
                                                                                                                                            program
                                                                                                                                            based
                                                                                                                                            upon
                                                                                                                                            the
                                                                                                                                            number
                                                                                                                                            of
                                                                                                                                            weeks
                                                                                                                                            of
                                                                                                                                            employment
                                                                                                                                            with
                                                                                                                                            MVB
                                                                                                                                            during
                                                                                                                                            such
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            provided
                                                                                                                                            that
                                                                                                                                            the
                                                                                                                                            Named
                                                                                                                                            Executive’s
                                                                                                                                            term
                                                                                                                                            of
                                                                                                                                            employment
                                                                                                                                            is
                                                                                                                                            at
                                                                                                                                            least
                                                                                                                                            one-half
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            calendar
                                                                                                                                            year.

	e.		A
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            who
                                                                                                                                            terminates
                                                                                                                                            employment
                                                                                                                                            due
                                                                                                                                            to
                                                                                                                                            Retirement
                                                                                                                                            in
                                                                                                                                            the
                                                                                                                                            first
                                                                                                                                            half
                                                                                                                                            of
                                                                                                                                            the
                                                                                                                                            calendar
                                                                                                                                            year
                                                                                                                                            will
                                                                                                                                            not
                                                                                                                                            receive
                                                                                                                                            any
                                                                                                                                            incentive
                                                                                                                                            amounts
                                                                                                                                            pursuant
                                                                                                                                            to
                                                                                                                                            these
                                                                                                                                            Guidelines
                                                                                                                                            for
                                                                                                                                            such
                                                                                                                                            calendar
                                                                                                                                            year.

	f.		These
                                                                                                                                            Guidelines
                                                                                                                                            do
                                                                                                                                            not
                                                                                                                                            in
                                                                                                                                            any
                                                                                                                                            manner
                                                                                                                                            restrict
                                                                                                                                            the
                                                                                                                                            right
                                                                                                                                            of
                                                                                                                                            MVB
                                                                                                                                            Financial
                                                                                                                                            Corp.
                                                                                                                                            or
                                                                                                                                            the
                                                                                                                                            Named
                                                                                                                                            Executive
                                                                                                                                            to
                                                                                                                                            end
                                                                                                                                            employment
                                                                                                                                            at
                                                                                                                                            any
                                                                                                                                            time,
                                                                                                                                            for
                                                                                                                                            any
                                                                                                                                            reason,
                                                                                                                                            with
                                                                                                                                            or
                                                                                                                                            without
                                                                                                                                            cause.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00206-of-00352.parquet"}]]