Document:

EX-10.1

 Exhibit 10.1 

EXECUTIVE EMPLOYMENT AGREEMENT 

This Agreement is effective as of November 20, 2017, and is between Fulton Financial Corporation, a Pennsylvania corporation
(“Fulton”), and Mark R. McCollom, an adult individual (the “Executive”). 
 BACKGROUND 

Fulton desires to enter into an employment agreement with the Executive (this “Agreement”), to address the terms and
conditions of the Executive’s employment, including, but not limited to, the consequences of an employment termination, and Executive desires to enter into this Agreement, based on and subject to, for both Fulton and Executive, the terms and
conditions contained in this Agreement. 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants and
agreements contained herein and intending to be legally bound hereby, the parties hereto agree as follows: 
 Section 1. Position and Duties.
 
 1.1 Employment. Fulton hereby employs the Executive, and Executive hereby accepts employment with Fulton, for the period
and upon the terms and conditions hereinafter set forth. 
 1.2 Position and Duties. 

(a) Executive shall serve hereunder initially as Senior Executive Vice President of Fulton. Executive shall assume the role of
Chief Financial Officer of Fulton no later than March 2, 2018. During the term of this Agreement, the Executive may serve in such other or additional positions as may be assigned by the Board of Directors of Fulton (the
“Board”), or by the Chief Executive Officer of Fulton (the “Chief Executive Officer”) acting on behalf of the Board. Executive shall perform such duties and shall have such authority consistent with Executive’s
position as may from time to time reasonably be specified by the Board, or by the Chief Executive Officer acting on behalf of the Board. Executive shall at all times comply with Fulton’s Code of Conduct and Fulton’s other policies, as the
same may be amended or supplemented from time to time. Executive shall report directly to the Chief Executive Officer and shall perform Executive’s duties for Fulton consistent with this Section 1.2(a) principally at Fulton’s
headquarters in Lancaster, Pennsylvania, (or at such other locations determined by the Board, or by the Chief Executive Officer acting on behalf of the Board), except for periodic travel that may be necessary or appropriate in connection with the
performance of Executive’s duties hereunder. 
 (b) Executive shall devote Executive’s full working time, energy,
skill and good faith efforts to the performance of Executive’s duties hereunder, and will diligently work to further the business and interests of Fulton. Executive shall not be employed by or participate or engage in or be a part of in any
manner the management or operation of any business enterprise other than Fulton without the prior written consent of the Board or the Chief Executive Officer, and in accordance with the then-effective Fulton Financial Corporation Code of Conduct.

 Section 2. Term and Termination.  

2.1 Term. The term of the Executive’s employment under this Agreement (the “Employment Period”) shall commence on
the effective date of the Agreement first entered above (the “Effective Date”) and shall continue until the earliest of (a) the voluntary termination of, or retirement from, the Executive’s employment by the Executive
other than for Good Reason (as defined in Section 4.2) with forty-five (45) days advance written notice to Fulton, (b) the termination of the Executive’s employment by the Executive for Good Reason, (c) the termination of
the Executive’s employment by Fulton for any reason other than Cause (as defined in Section 4.3), (d) the termination of the Executive’s employment by Fulton for Cause, (e) termination of the Executive’s employment with
Fulton due to Disability (as defined in Section 4.4), or (f) the death of the Executive. 
 2.2 Expiration of the Agreement.
This Agreement shall expire, if not terminated earlier under Section 2.1, on December 31 of the year in which the Executive attains the age of sixty-five (65), and the Executive shall thereafter only be entitled to post-termination
benefits that started prior to the expiration. If the Executive’s employment continues following such expiration of this Agreement, it shall as an employee at will. 

Section 3. Compensation.  

3.1 Annual Compensation. As compensation for Executive’s services hereunder, Fulton shall pay to Executive a base salary at an
initial annual rate equal to $425,000, payable in periodic installments in accordance with Fulton’s regular payroll practices in effect from time to time. Executive’s annual base salary, as determined in accordance with this
Section 3.1, is hereinafter referred to as Executive’s “Base Salary.” For years subsequent to the initial year of this Agreement, Executive’s Base Salary shall be set by the committee of the Board responsible for
executive compensation (the “Human Resources Committee”) or the Board at an amount no less than the initial annual rate set herein. For each year in the Employment Period, Executive shall be a participant in any bonus or incentive
compensation program for similarly situated executives, including, in particular, any annual cash bonus plan and equity-based long term incentive plan, that Fulton may implement and administer from time to time during the Employment Period, and the
amount and form of such bonus and incentive compensation shall be determined annually by Fulton consistent with its Board’s executive compensation practices. References herein to the amount of the Executive’s Base Salary or annual cash
bonus or incentive compensation shall be to the gross amount of such compensation element, exclusive of any elective compensation deferral agreements entered into by the Executive from time to time. For 2018, Executive’s cash incentive target
will be 70% of Base Salary actually paid for the year January 1 to December 31, 2018, and the target used for long-term equity awards to be made in 2018 will be 100% of such Base Salary. 

  
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 3.2 Employee Benefits. In addition to the compensation provided for in Section 3.1,
Executive shall be eligible to participate during the Employment Period in those of Fulton’s broad-based employee retirement plans, welfare benefit plans, life insurance programs, and other benefit programs for which Executive is eligible under
the terms of the plan or program, on the same terms and conditions that are applicable to employees generally. Further, Executive shall be eligible during the Employment Period to participate in any Fulton executive-only retirement plan, deferred
compensation plan, welfare benefit plan, or other benefit programs, as and to the extent any such benefit programs, plans or arrangements are or may from time to time be in effect during the Employment Period. 

3.3 Paid Time Off and Leave. Executive shall be entitled to annual paid time off, leave of absence and leave for temporary disability in
conformity with Fulton’s regular policies and practices. Any leave of absence or leave due to a temporary disability shall not constitute a breach by the Executive of Executive’s agreements hereunder. 

3.4 Other Executive Benefits. Executive shall also receive such other general executive perquisites as approved from time to time by the
Human Resources Committee, the Board, or the Chief Executive Officer of Fulton, as appropriate, such as company paid club memberships and an employer-provided automobile. 

3.5 Expense Reimbursement. During the term of Executive’s employment, Fulton shall reimburse Executive for all reasonable expenses
incurred by Executive in connection with the performance of Executive’s duties hereunder in accordance with its regular reimbursement policies as in effect from time to time and upon receipt of itemized vouchers therefor and such other
supporting information as Fulton may reasonably require. 
 3.6 New Hire Compensation. Executive shall also receive the new hire
compensation and benefits set forth on Schedule A to this Agreement. 
 Section 4. Termination of Employment.  

4.1 Voluntary Termination. In the event Executive’s employment is voluntarily terminated by Executive other than for Good Reason
(as defined in Section 4.2), Fulton shall be obligated to pay Executive’s Base Salary through the effective date of termination of Executive’s employment, together with applicable expense reimbursements and all accrued and unpaid
benefits and vested benefits in accordance with the terms of the applicable employee benefit plans (collectively, the “Accrued Obligations.”) Upon making the payments described in this Section 4.1, Fulton shall have no further
compensation obligation to Executive hereunder. 
 4.2 Termination for Good Reason; Termination Without Cause. 

(a) In the event: 

(i) Executive’s employment is terminated during the term hereof by Executive for “Good Reason” (as defined
herein); or 
 (ii) Executive’s employment is terminated during the term hereof by Fulton for any reason other than
“Cause,” death or “Disability” (as each such term is defined herein); 

  
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 then, only if Executive executes and does not revoke a separation agreement in the form substantially similar to
that attached hereto as Exhibit A, Fulton shall pay Executive the Accrued Obligations plus all of the consideration provided for in the following sentence for the twelve (12) months following such termination (the “Severance
Period”); provided, however, that if the Executive has previously made any election to defer receipt of compensation, severance shall be paid under the terms of such election. For purposes of the foregoing, the severance consideration
payable under this Section 4.2 shall be: (1) the Base Salary (as in effect immediately prior to the termination and paid through Fulton’s regular payroll processes); (2) any vested but unpaid bonus as of the date of termination; and
(3) a cash bonus for the fiscal year in which the termination date occurs equal to the payout at the target level established for such fiscal year; pro-rated to the date of termination. During the
Severance Period, the Executive shall also continue to be eligible to participate in the health and welfare employee benefit plans referred to in Section 3.2 (i) to the extent Executive remains eligible under the applicable employee benefit
plans, and (ii) to the extent Executive’s eligibility is not contrary to, or does not negate, the tax favored status of the plans or of the benefits payable under the plan. If Executive is legally unable to continue to participate in any
health and welfare employee benefit plan or program provided for under this Agreement due to (i) or (ii) above, Executive shall be compensated in respect of such inability to participate through payment by Fulton to Executive, on an annual
basis in advance, of an amount equal to the annual cost that would have been incurred by Fulton (which does not include any amount that would have been paid by the Executive) if the Executive were able to participate in such plan or program plus an
amount which, when added to the Fulton annual cost, would be sufficient after Federal, state and local income and payroll taxes (based on the tax returns filed by the Executive most recently prior to the date of termination) to enable the Executive
to net an amount equal to the Fulton annual cost. Notwithstanding the foregoing, if the Executive is also party to a Change in Control Agreement with Fulton or any subsidiary or affiliate, and the Executive receives severance payments under such
Change in Control Agreement at termination of employment, the Executive shall not be entitled to receive severance compensation under this Agreement. Otherwise, the provisions of this Agreement control with respect to post-termination consideration.

 (b) As used herein, the Executive shall have “Good Reason” to terminate the Executive’s employment
if one of the following conditions (i) through (iii) comes into existence, the Executive provides notice to Fulton of the existence of the condition within 90 days of its initial existence, and Fulton fails to remedy the condition within 30
days of receiving notice of its existence: 
 (i) There has occurred a material breach of Fulton’s material obligations
under this Agreement; 
 (ii) The material diminution in Executive’s authority, duties, or base compensation, without
Executive’s prior written consent; or 
 (iii) Fulton requires Executive to be based at a location outside a thirty-five
(35) mile radius of the location where Executive previously was based, except for travel reasonably required in connection with Fulton’s business. 

  
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 The determination as to whether “Good Reason” exists shall be made by the Board or any committee of the
Board of Fulton within the time frame set forth above. Such determination, when made, shall be binding upon the parties hereto. 
 4.3
Termination for Cause. In the event Executive’s employment is involuntarily terminated by Fulton for “Cause” (as defined herein) Fulton shall be obligated to pay to the Executive the Accrued Obligations. Upon making the
payments described in this Section 4.3, Fulton shall have no further compensation obligation to Executive hereunder. 
 As used herein,
“Cause” shall mean the following: 
 (a) Executive shall have committed a felony, or misdemeanor resulting
or intending to result directly or indirectly in gain or personal enrichment to the Executive; 
 (b) Executive’s use of
alcohol or other drugs which interferes with the performance by the Executive of Executive’s duties; 
 (c) Executive
shall have deliberately and intentionally refused or otherwise failed (for reasons other than incapacity due to accident or physical or mental illness) to substantially perform any of Executive’s duties to Fulton, with such refusal or failure
continuing for a period of at least thirty (30) consecutive days following the receipt by Executive of written notice from Fulton setting forth in detail the facts upon which Fulton relies in concluding that Executive has deliberately and
intentionally refused or failed to perform such duties; 
 (d) Executive’s conduct that brings public discredit on or
injures the reputation of Fulton, in the reasonable opinion of the Board or a committee of the Board; or 
 (e) Fulton is
legally precluded from employing Executive for the position and duties described in Section 1.2 of this Agreement. 
 The determination as to whether
“Cause” exists shall be made by the Board or a committee of the Board of Fulton. Such determination, when made, shall be binding upon the parties hereto. 

4.4 Benefits Following Death or Disability. 

(a) Following Executive’s total “Disability” (as defined below) or death during the term of this Agreement, the
employment of the Executive will terminate automatically, in which event Fulton shall not thereafter be obligated to make any further payments hereunder other than the Accrued Obligations or as otherwise specifically provided herein. For purposes
hereof, “Disability” shall have the meaning set forth in the Fulton long-term disability policy applicable to the Executive. 

(b) Termination upon Death or Disability. 

(i) In the event of a termination of this Agreement as a result of the Executive’s death, the Executive’s dependents,
beneficiaries and estate, as the case may be, will receive such survivor’s income and other benefits as they may be entitled under the terms of the benefit programs, plans, and arrangements described in Section 3.2 which provide benefits
upon the death of the Executive. 

  
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 (ii) In the event of a termination of this Agreement as a result of the
Executive’s Disability, (A) Fulton shall pay the Executive an amount equal to at least six months’ Base Salary at the rate and as required by Section 3.1 and in effect immediately prior to the date of Disability, and
(B) thereafter, for as long as Executive continues to be disabled, Fulton shall continue to pay an amount equal to at least 60% of Base Salary in effect immediately prior to the date of Disability until the earlier of Executive’s death or
December 31 of the calendar year in which Executive attains age 65. Fulton shall be entitled to offset the foregoing payments against any benefits paid to the Executive under a long-term disability policy sponsored by Fulton, and to the extent
not duplicative of the foregoing, Executive shall receive those benefits customarily provided by Fulton to disabled former employees, which benefits shall include, but shall not be limited to, life, medical, health, accident insurance and a
survivor’s income benefit. 
 (iii) For the purposes of (i) and (ii) above, the Executive or Executive’s
dependents shall pay the same percentage of the total cost of coverage under the applicable employee benefit plans as Executive was paying when Executive’s employment terminated. The total cost of the Executive’s continued coverage shall
be determined using the same rates for health, life and/or disability coverage that apply from time to time to similarly situated active employees. 

4.5 Death or Disability Following Termination of Employment. Executive’s Disability or death following Executive’s termination
pursuant to Section 4.2 shall not affect Executive’s right, or if applicable, the right of Executive’s beneficiaries, to receive the payments for the balance of the Severance Period. The additional payments upon a Disability during
the Employment Period shall not apply to a Disability that occurs after the Executive’s termination. 
 4.6 Beneficiary
Designation. Executive may, at any time, by written notice to Fulton, name one or more beneficiaries of any benefits which may become payable by Fulton pursuant to this Agreement. If Executive fails to designate a beneficiary any benefits to be
paid pursuant to this Agreement shall be paid to the Executive’s beneficiary under Fulton’s life insurance program. 
 Section 5.
Restrictive Covenants and Clawback.  
 5.1 Confidential Information. Executive acknowledges that through Executive’s
employment with Fulton, Executive will have access to, or may contribute to, certain commercially valuable information and trade secrets belonging to Fulton (collectively, “Confidential Information,” as further defined below). Executive
further acknowledges that, to safeguard its legitimate interests, it is necessary for Fulton to protect its Confidential Information by keeping it confidential. Executive acknowledges that Fulton’s Confidential Information is vital to its
success and was acquired and/or developed by Fulton only after considerable expense, time, and energy. Executive acknowledges that Fulton would not otherwise disclose Confidential Information to Executive without the existence of this Restrictive
Covenant and Clawback provision in this Section 5 and that the unauthorized disclosure and/or use of Confidential Information would cause Fulton to suffer substantial and irreparable harm. 

  
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 (a) Definition of Confidential Information: The term “Confidential
Information” means any and all data and other information related to the business of Fulton that has value to Fulton and is not generally known to the public (whether or not it constitutes a trade secret). Such Confidential Information
includes, but is not limited to: data or information relating to any of Fulton’s past, present, or future products or services; customer lists; customer information; fees, costs, and pricing lists or structures; mailing lists; the identity of
customers; techniques of doing business; financial and profit information; investment strategies; marketing strategies; competitive information; advertising; compensation information; analysis; reports; formulas; computer software; designs;
drawings; trademarks and brand names under development; accounting and business methods; databases; inventions and new developments and methods, whether patentable or reduced to practice; the existence or terms of any contracts or potential
contracts; plans for future business; and materials or information embodying or developed by use of any such Confidential Information. Confidential Information does not include information that is or becomes publicly available through no fault of
Executive. This provision adds to, and does not limit, Fulton’s rights pursuant to any laws generally protecting confidential information and trade secrets. 

(b) Prohibited Use or Disclosure of Confidential Information: Executive shall not, at any time during Executive’s
employment by Fulton or after termination (whether voluntary or involuntary), without the express written authorization of the Board or senior management of Fulton, directly or indirectly, use, cause to be used, or disclose and Confidential
Information of which Executive becomes aware, except to the extent a particular disclosure or use is required in the performance of Executive’s assigned duties for Fulton. Executive also agrees not to remove any documents, material or equipment
containing Confidential Information from Fulton’s premises, except as required in the performance of Executive’s assigned duties for Fulton, and to immediately return any such documents, materials or equipment at the termination of
employment (whether voluntary or involuntary, and regardless of the reason). 
 (c) All records, files, software, memoranda,
reports, price lists, leads, customer lists, drawings, training materials, workflows, phone lists, plans, documents, technical information, and other tangible items (together with all copies of such documents and things) relating to the business of
Fulton, which Executive shall use or prepare or come in contact with in the course of, or as a result of, Executive’s employment shall, as between the parties to this Agreement, remain the sole property of Fulton. Laptop computers, software and
related data, information and things provided to Executive by Fulton or obtained by Executive, directly or indirectly, from Fulton, also shall remain the sole property of Fulton. Upon the termination of Executive’s employment for any reason
whatsoever, voluntarily or involuntarily (and in all events within 5 days of Executive’s date of termination), and at any earlier time Fulton requests, Executive shall immediately return all such materials and things to Fulton and shall not
retain any copies or remove or participate in removing any such materials or things from 

  
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the premises of Fulton after termination or Fulton’s request for return. Executive shall not reproduce or appropriate for Executive’s own use, or for the use of others, any property,
Confidential Information or Fulton inventions, and shall remove from any personal computing or communications equipment all information relating to Fulton. 

(d) For the purpose of this Section 5.1, Fulton shall be deemed to refer to Fulton, its successors, and all of its present
or future subsidiaries or affiliates. 
 5.2 Non-Competition. Without the prior consent of the
Board or one of its committees, Executive shall not, during the Employment Period and during the one (1) year period following the end of the Employment Period or expiration of this Agreement (the “Restricted Period”), directly
or indirectly, own, be employed by or a director of, provide services or consult to, any business, person or entity that is engaged within the geographic market of Fulton, in commercial banking or any other business activity in which Fulton is
engaged on the date of Executive’s termination. For purposes of the foregoing, the “geographic market of Fulton” shall consist of Fulton’s CRA assessment areas as publicly available on the date of executive’s termination.
Nothing in this Section 5.2 shall prohibit the Executive from (a) owning as a passive investor, in the aggregate, not more than 5% of the outstanding publicly traded stock of any corporation engaged in a competing business, or
(b) accepting a position as an officer, director, employee, agent of, or consultant to another entity during the Restricted Period, in which the Executive’s new position or the corporate office of the entity are outside a 275 mile radius
from where the Executive was working on the Executive’s date of termination from Fulton. In the event the Executive’s employment is terminated by the Executive for Good Reason or by Fulton other than for Cause, the covenants in this
Section 5.2 shall not apply. 
 5.3 Non-Solicitation: During the Restricted Period,
Executive shall not, directly or indirectly: 
 (a) call upon, solicit, service or accept business from any customer of
Fulton or its subsidiaries or affiliates, or in any way interfere with the relationship between any such customer and Fulton (including, without limitation, making any negative or disparaging statements or communications regarding Fulton or its
current, past or future personnel); 
 (b) request that any customer of Fulton not purchase products or services from Fulton,
or curtail or cease its business with Fulton; 
 (c) solicit, induce or entice or attempt to solicit, induce or entice any
employee or independent contractor of Fulton, who was employed or engaged by Fulton as of Executive’s termination date or within the twelve months preceding Executive’s termination date, to leave the employ or engagement of Fulton, or in
any way interfere with the relationship between Fulton and any employee or independent contractor thereof; or 
 (d) except
with the consent of the Board or one of its committees, hire or offer employment or engagement to any employee or independent contractor of Fulton who was employed or engaged by Fulton as of Executive’s termination date or within the twelve
months preceding Executive’s termination date. 

  
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 For the purpose of Sections 5.1, 5.2 and 5.3, Fulton shall be deemed to refer to Fulton, its
successors, and all of its present or future subsidiaries or affiliates. 
 5.4 Injunctive and Other Relief. 

(a) Executive acknowledges and agrees that the covenants contained herein are fair and reasonable in light of the consideration
paid hereunder, and that damages alone shall not be an adequate remedy for any breach by Executive of Executive’s covenants which then apply and accordingly expressly agrees that, in addition to any other remedies which Fulton may have, Fulton
shall be entitled to injunctive relief in any court of competent jurisdiction for any breach or threatened breach of any such covenants by Executive. Nothing contained herein shall prevent or delay Fulton from seeking, in any court of competent
jurisdiction, specific performance or other equitable remedies in the event of any breach or intended breach by Executive of any of its obligations hereunder. 

(b) In the event Executive breaches Executive’s obligations under Section 5.2, the period specified therein shall be
tolled during the period of any such breach and any litigation seeking remedies for such breach and shall resume upon the conclusion or termination of any such breach and any such litigation. The remedies set forth in this Section are cumulative and
in addition to any and all other remedies available to Fulton at law or in equity. 
 5.5 Clawback. Executive acknowledges that the
Executive is subject to any Clawback Policy that may be adopted by Fulton’s Board or any committee thereof. Absent any formal Clawback Policy, the Executive agrees that the Executive shall be required to forfeit and pay back to Fulton any bonus
or other incentive compensation paid to the Executive if: (a) a court or arbitration body makes a final determination that the Executive directly or indirectly engaged in fraud or misconduct that caused or partially caused the need for a
material financial restatement by Fulton; or (b) the independent members of Fulton’s Board determine that the Executive has committed a material violation of Fulton’s Code of Conduct. 

Section 6. Miscellaneous.  

6.1 Invalidity. If any provision hereof is determined to be invalid or unenforceable by a court of competent jurisdiction, Executive
shall negotiate in good faith to provide Fulton with protection as nearly equivalent to that found to be invalid or unenforceable and if any such provision shall be so determined to be invalid or unenforceable by reason of the duration or
geographical scope of the covenants contained therein, such duration or geographical scope, or both, shall be considered to be reduced to a duration or geographical scope to the extent necessary to cure such invalidity. 

  
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 6.2 Assignment: Benefit. This Agreement shall not be assignable by Executive, and shall be
assignable by Fulton only to any affiliate or to any person or entity which may become a successor in interest (by purchase of assets or stock, or by merger, or otherwise) to Fulton in the business or a portion of the business presently operated by
it. Subject to the foregoing, this Agreement and the rights and obligations set forth herein shall inure to the benefit of, and be binding upon, the parties hereto and each of their respective permitted successors, assigns, heirs, executors and
administrators, including the restrictive covenants of this Agreement. 
 6.3 Notices. All notices hereunder shall be in writing and
shall be sufficiently given if hand-delivered, sent by documented overnight delivery service or registered or certified mail, postage prepaid, return receipt requested or by telegram, fax or telecopy (confirmed by U. S. mail), receipt acknowledged,
addressed as set forth below or to such other person and/or at such other address as may be furnished in writing by any party hereto to the other. Any such notice shall be deemed to have been given as of the date received, in the case of personal
delivery, or on the date shown on the receipt or confirmation therefor, in all other cases. Any and all service of process and any other notice in any such action, suit or proceeding shall be effective against any party if given as provided in this
Agreement; provided that nothing herein shall be deemed to affect the right of any party to serve process in any other manner permitted by law. 

(a)   If to Fulton: 

Fulton Financial Corporation 

One Penn Square 
 Lancaster, PA
17602 
 Attention: General Counsel 

(b)   If to Executive: at the address on the signature page. 

6.4 Entire Agreement and Modification. This Agreement constitutes the entire agreement between the parties hereto with respect to the
matters contemplated herein and supersedes all prior agreements and understandings with respect thereto. Any prior agreement, if any, shall be terminated, with no further rights or obligations thereunder due to or from either party, as of the
effective date hereof. Any amendment, modification, or waiver of this Agreement shall not be effective unless in writing and agreed and executed by Fulton and the Executive. Neither the failure nor any delay on the part of any party to exercise any
right, remedy, power or privilege shall preclude any other or further exercise of the same or of any other right, remedy, power, or privilege with respect to any occurrence and such failure or delay to exercise any right shall not be construed as a
waiver of any right, remedy, power, or privilege with respect to any other occurrence. Any references in this Agreement to “Fulton” shall also apply to its successors and permitted assigns. 

6.5 Governing Law. This Agreement is made pursuant to, and shall be construed and enforced in accordance with, the laws of the
Commonwealth of Pennsylvania (and United States federal law, to the extent applicable), without giving effect to otherwise applicable principles of conflicts of law. In the event that either party shall institute any arbitration proceeding in
accordance with Section 6.10, the City of Lancaster, Lancaster County Pennsylvania shall be the exclusive jurisdiction and venue for such proceeding. 

6.6 Headings; Counterparts. The headings of sections and subsections in this Agreement are for convenience only and shall not affect its
interpretation. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which, when taken together, shall be deemed to constitute but one and the same Agreement. 

  
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 6.7 Further Assurances. Each of the parties hereto shall execute such further instruments
and take such other actions as any other party shall reasonably request in order to effectuate the purposes of this Agreement. 
 6.8
Mitigation. Executive shall not be required to mitigate the amount of any payment or benefit provided for in Section 4 by seeking employment or otherwise and Fulton shall not be entitled to set off against the amount of any payments made
pursuant to Section 4 with respect to any compensation earned by Executive arising from other employment. 
 6.9 Indemnification.
Except to the extent inconsistent with applicable law and regulations, and Fulton’s certificate of incorporation or bylaws, Fulton will indemnify the Executive and hold Executive harmless to the fullest extent permitted by law and regulation
with respect to Executive’s service as an officer and employee of Fulton and its subsidiaries or affiliates, which indemnification shall be provided following termination of employment for so long as the Executive may have liability with
respect to Executive’s service as an officer or employee of Fulton and its subsidiaries or affiliates. The Executive will be covered by a directors’ and officers’ insurance policy with respect to Executive’s acts as an officer to
the same extent as all other officers under such policies. 
 6.10 Dispute Resolution. The parties agree that, except as
provided in Section 6.10(c), any controversy, claim or dispute of whatever nature between Executive and Fulton arising out of or relating to this Agreement, or arising out of Executive’s employment with Fulton (each, a
“Dispute”), shall be subject to the mediation and arbitration provisions set forth below. 
 (a)
Mediation. The parties will first attempt to mediate the Dispute before a neutral mediator mutually agreed upon by the parties. If the parties cannot agree on a mediator within 15 days after either party provides the other with written notice
of a dispute to be resolved pursuant to this Section 6.10(a), then the American Arbitration Association (“AAA”) shall be asked to designate a mediator who is available to conduct a mediation as promptly as possible. 

(b) Arbitration. If the mediation described in Section 6.10(a) is not successful, the parties agree to submit the
Dispute to binding confidential arbitration before a single neutral arbitrator mutually agreed upon by the parties. If the parties are unable to agree on an arbitrator, either of them may request AAA to supply a list of at least five possible
arbitrators, and the parties shall alternatively strike names off such list until one name remains, and that person shall be appointed as the arbitrator. If AAA is unwilling or unable to provide an arbitrator list, then either party may seek an
arbitrator list through AAA and then apply the strike-through procedure described above. The arbitration shall be governed by the arbitration rules of AAA or by such other rules as the parties may mutually agree. The arbitrator’s award shall be
made in writing, and judgment on the award may be entered by any court of competent jurisdiction. 

  
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 (c) Exceptions. The parties agree that the procedures outlined in this
Section 6.10 are the exclusive methods of dispute resolution, except that notwithstanding the foregoing, Fulton may bring an action in court for injunctive relief, specific performance or other equitable relief to enforce the provisions of
Sections 5 and 6 of this Agreement. Should a party institute a legal action or administrative proceeding against the other with respect to any dispute without complying with the requirements of this Agreement, such breaching party shall be
responsible for all damages, costs, expenses and attorney’s fees incurred by the other party in dismissing such action and otherwise as a result of such breach. 

6.11 Section 409A of Internal Revenue Code. 

(a) Application. To the extent applicable, it is intended that this Agreement comply with the provisions of
Section 409A of the Code (“Section 409A”), so as to prevent inclusion in gross income of any amounts payable or benefits provided hereunder in a taxable year that is prior to the taxable year or years in
which such amounts or benefits would otherwise actually be distributed, provided or otherwise made available to Executive. This Agreement shall be construed, administered, and governed in a manner consistent with this intent and the following
provisions of this Section 6.11 shall control over any contrary provisions of this Agreement. Any ambiguities herein will be interpreted to comply with Section 409A. Executive and Fulton agree to work together in good faith to consider
amendments to the Agreement and to take such reasonable actions which are necessary, appropriate or desirable to avoid imposition of any additional tax or income recognition prior to actual payment to Executive under Section 409A.
Notwithstanding the foregoing, in no event shall Fulton be responsible for reimbursing or indemnifying Executive for any violation of Section 409A. 

(b) Separation from Service. Payments and benefits that are paid under this Agreement upon Executive’s termination
or severance of employment with Fulton that constitute deferred compensation under Section 409A shall be paid or provided only at the time of a termination of Executive’s employment that constitutes a “separation from service”
within the meaning of Section 409A. 
 (c) Release Payments. In the event that Executive is required to execute a
release to receive any payments from Fulton that constitute nonqualified deferred compensation under Section 409A, payment of such amounts shall not be made or commence until the sixtieth (60th) day following such termination of employment. Any
payments that are suspended during the sixty (60) day period shall be paid on the date the first regular payroll is made immediately following the end of such period. 

(d) Separate Payments. For purposes of Section 409A, each payment under this Agreement shall be treated as a right
to a separate payment and not part of a series of payments. 

  
 12 

 (e) Reimbursements. All reimbursements and
in-kind benefits provided under this Agreement shall be made or provided in accordance with the requirements of Section 409A, including, where applicable, the requirement that (i) any reimbursement
is for expenses incurred during Executive’s lifetime (or during a shorter period of time specified in this Agreement), (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided
during a calendar year may not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other calendar year; (iii) the reimbursement of an eligible expense normally will be
made within thirty (30) days of Executive’s submission of the appropriate forms and documentation in accordance with Fulton policy, but in no event later than on or before the last day of the calendar year following the year in which the
expense is incurred; and (iv) the right to reimbursement or in kind benefits is not subject to liquidation or exchange for another benefit. 

(f) Delay in Payments if Executive is a Specified Employee. If Executive is a “specified employee” within the
meaning of Section 409A at the time of Executive’s separation from service (other than due to death), and the severance payments and benefits payable to Executive, if any, pursuant to this Agreement, when considered together with any other
severance payments or separation benefits, are considered deferred compensation subject to Section 409A (together, the “Deferred Payments”), such Deferred Payments that are otherwise payable within the first 6 months following
Executive’s separation from service will become payable on the first payroll date that occurs on or after the date 6 months and 1 day following the date of Executive’s separation from service. All subsequent Deferred Payments, if any, will
be payable in accordance with the payment schedule applicable to each payment or benefit. Notwithstanding anything herein to the contrary, if Executive dies following Executive’s separation from service but prior to the 6 month anniversary of
Executive’s separation from service (or any later delay date), then any payments delayed in accordance with this paragraph will be payable in a lump sum as soon as administratively practicable after the date of Executive’s death and all
other Deferred Payments will be payable in accordance with the payment schedule applicable to each payment or benefit. 
 6.12 Taxes.
Any payments provided for hereunder shall be paid net of any applicable employment taxes or other withholdings required under federal, state or local law. 

6.13 Severability. Each provision of this Agreement shall be considered severable. If for any reason any provision or provisions are
determined to be invalid or contrary to applicable law, such invalidity will not impair the operation of or affect the remaining provisions. 

6.14 Survival. The provisions of Sections 5 and 6 of this Agreement shall survive the expiration or termination of this Agreement. 

6.15 Representation by Counsel. Executive acknowledges and agrees that Fulton has recommended a review of this Agreement by
Executive’s legal counsel of his/her choosing. 
 [Signatures on the following page.] 

  
 13 

 IN WITNESS WHEREOF, this Agreement is executed as of the day and year first above
written. 
  

									
	ATTEST:	 		 	FULTON FINANCIAL CORPORATION
					
	By:	 	 /s/ Daniel R. Stolzer
	 		 	By:	 	 /s/ Bernadette Taylor

	Name:	 	Daniel R. Stolzer	 		 	Name:	 	Bernadette Taylor
	Title:	 	Secretary, General Counsel and	 		 	Title:	 	Chief Human Resources Officer and
		 	Senior Executive Vice President	 		 		 	Senior Executive Vice President
			
	WITNESS	 		 	EXECUTIVE
			
	 /s/ John R. Merva
	 		 	 /s/ Mark R. McCollom

	John R. Merva	 		 	 Mark R. McCollom

				
		 		 		 	 Address: [redacted]

				
		 		 		 	 Telephone: [redacted]

				
		 		 		 	 Email: [redacted]

  
 14 

 SCHEDULE A 

NEW HIRE COMPENSATION 
 Executive shall also
receive the following compensation and benefits associated with his new employment with Fulton: 
  

	 	•	 	An equity award under Fulton’s 2013 Amended and Restated Equity and Cash Incentive Compensation Plan (the “Plan”) of restricted stock units (“RSUs”) with an equivalent value of $250,000. The
award will be made effective as of the date Executive’s employment with Fulton commences. The RSUs will cliff vest on the third anniversary of the award date as long as the Executive remains employed or providing services to Fulton. Dividends
equivalents are included in the award, which will accumulate as dividends are declared and paid to Fulton’s shareholders during the forfeiture period. The dividend equivalents will be paid in cash upon the lapse of forfeiture restrictions. The
RSUs will be subject to the terms of the Plan and the award agreement implementing this service-based RSU award. 

  

	 	•	 	An initial signing bonus of $100,000, to be paid in the first payroll period after Executive’s commencement of employment. All applicable tax withholdings will be deducted. If Executive voluntarily leave
Fulton’s employment within one (1) year of receipt of this payment, Executive is required to reimburse Fulton for the entire $100,000 bonus, including amounts previously withheld for taxes. 

 

	 	•	 	A discretionary 2017 cash bonus at the recommendation of the CEO as approved by the HR Committee. 

  
 A-1 

 EXHIBIT A 

CONFIDENTIAL SEPARATION AGREEMENT AND GENERAL RELEASE 

This Confidential Separation Agreement and General Release (“Separation Agreement”) is executed by and between Fulton Financial Corporation,
a Pennsylvania corporation (“Fulton”) and ___________, an adult individual (“Executive”). 

WHEREAS, Executive has been employed by Fulton; 

WHEREAS, Executive’s employment with Fulton has terminated permanently and irrevocably, effective [Insert Date]; and 

WHEREAS, the parties desire to amicably resolve any and all issues and potential issues between them; 

IT IS HEREBY AGREED by and between the parties as follows: 

1. Employment Status: The Executive and Fulton agree that Executive’s employment with Fulton terminated permanently and irrevocably, effective
[Insert Date] (“Separation Date”), and Fulton has no obligation to rehire, reemploy, recall or hire Executive in the future. Executive acknowledges that Executive has received all wages, bonuses, vacation pay, and other
benefits and compensation due to Executive by virtue of Executive’s employment with Fulton. 
 2. Separation Payments and Benefits: In accordance
with Section 4.2 of Executive’s Employment Agreement, in full consideration for Executive’s signing and not revoking this Separation Agreement, Fulton shall provide Executive with the following Separation Payments and Benefits: 

(a) Separation Payment. Fulton shall pay Executive his/her regular Base Salary (as that term is defined in Executive’s Employment
Agreement) for twelve (12) months, less standard payroll deductions (“Separation Payment”). This Separation Payment will be made in accordance with Fulton’s regular payroll practices beginning as soon as practicable after
the expiration of the period described in Paragraph 20 of this Separation Agreement. The Separation Payment will be mailed to Executive’s home address. 

(b) Fringe Benefits Continuation: Executive shall continue to participate in Fulton’s employee benefit plans described in
Section 3.2 of Executive’s Employment Agreement for a period of twelve (12) months following Executive’s Separation Date, to the extent Executive remains eligible under the applicable employee benefit plans and to the extent
Executive’s eligibility is not contrary to, or does not negate, the tax favored status of the plans or of the benefits payable under the plan. If Executive is unable to continue to participate in any employee benefit plan or program provided
for under this Separation Agreement, Executive shall be compensated in respect of such inability to participate through payment by Fulton to Executive, on an annual basis in advance, of an amount equal to the annual cost that would have been
incurred by Fulton if the Executive were able to participate in such plan or program plus an amount which, when added to the Fulton annual cost, would be sufficient after Federal, state and local income and payroll taxes (based on the tax returns
filed by the Executive most recently prior to the date of termination) to enable the Executive to net an amount equal to the Fulton annual cost. 

  
 A-1 

 (e) The Separation Payments and Benefits in this Paragraph 2 describe valuable consideration to
which Executive would not otherwise be entitled. 
 3. Release of Claims: In consideration of the Separation Payments and Benefits described in
Paragraph 2, and for other good and valuable consideration, Executive releases Fulton, its parents, subsidiaries, affiliates, and all related entities, and its and their past and present officers, directors, employees, agents, predecessors,
successors and assigns (“Releasees”), from all claims that Executive ever had, now has, or hereafter may have, whether known or unknown, asserted or unasserted from the beginning of Executive’s employment with Fulton through
the date of this Separation Agreement. This release includes but is not limited to the following: 
  

	 	•	 	Claims arising under the Americans with Disabilities Act; 

  

	 	•	 	Discrimination, interference or retaliation claims arising under the Family Medical Leave Act; 

  

	 	•	 	Claims arising under Title VII of the Civil Rights Act of 1964, as amended, the Civil Rights Act of 1866, as amended, the Civil Rights Act of 1991, as amended, and the federal Equal Pay Act; 

 

	 	•	 	Claims arising under the Genetic Information and Non-Discrimination Act; 

  

	 	•	 	Claims arising under the Pennsylvania Human Relations Act; 

  

	 	•	 	Claims of age discrimination under the Age Discrimination in Employment Act, as amended by the Older Workers Benefit Protection Act, or state anti-discrimination statutes, including the Pennsylvania Human Relations Act;

  

	 	•	 	Claims arising under the Employee Retirement Income Security Act; 

  

	 	•	 	Whistle-blower Claims arising under state or federal law; 

  

	 	•	 	Claims arising under the United States Constitution or Pennsylvania Constitution; 

  

	 	•	 	Claims arising under the National Labor Relations Act, Uniformed Services Employment and Reemployment Rights Act, and the Occupational Safety and Health Act; 

 

	 	•	 	Claims arising under the Worker Adjustment Retraining and Notification Act; 

  

	 	•	 	Claims arising under any other federal, state or local law or ordinances, or any common law claim under tort, contract or any other theories now or hereafter recognized; and 

 

	 	•	 	Claims for any type of damages cognizable under any of the laws referenced herein, including, but not limited to, any and all claims for compensatory damages, punitive damages, and attorneys’ fees and costs.

  
 A-2 

 Executive also agrees that this release should be interpreted as broadly as possible to achieve Executive’s
intention to waive all of Executive’s claims against the Releasees. 
 4. Claims Not Released: Notwithstanding any other provision of this
Separation Agreement, the following are not barred by the Separation Agreement: (a) claims relating to the validity of this Separation Agreement; (b) claims by either party to enforce this Separation Agreement;
(c) claims under any state workers’ compensation or unemployment law; and (d) claims that legally may not be waived. Further, it is understood and agreed that this Separation Agreement does not bar Executive’s right to file an
administrative charge with the Securities and Exchange Commission (SEC), the Equal Employment Opportunity Commission (EEOC), the United States Department of Labor (DOL), the National Labor Relations Board (NLRB), or any other federal, state or local
agency; prevent Executive from reporting to any government agency any concerns Executive may have regarding Fulton’s practices; or preclude Executive’s participation in an investigation by the SEC, EEOC, DOL, NLRB or any other federal,
state or local agency, although the Separation Agreement does bar Executive’s right to recover any personal relief (including monetary relief) if Executive or any person, organization, or entity asserts a charge or complaint on Executive’s
behalf, including in a subsequent lawsuit or arbitration, except that Executive may receive an award from the SEC under the federal securities laws. 
 5.
IRS Issues: As required by law, Fulton will issue the appropriate IRS Form(s) W-2 at the appropriate time. 

6. No Future Payments Except Those Described Herein: Except as set forth in this Separation Agreement, it is expressly agreed and understood by the
parties that Fulton does not have, and will not have, any obligation to provide Executive at any time in the future with any bonus or other payments, benefits, or consideration other than those set forth in Paragraph 2 above and other than those to
which Executive may be entitled under Fulton’s benefit plans, including 401(k) and pension plans, if applicable. Executive expressly acknowledges that no contributions from the payments described in Paragraph 2 above, will be made to a 401(k)
or pension plan. 
 7. Section 409A of the Internal Revenue Code: This Separation Agreement and the Separation Payments and
Benefits described in Section 2 above shall be subject to the provisions of Section 6.11 of the Executive Employment Agreement between Executive and Fulton concerning Section 409A of the Internal Revenue Code. 

8. No Admission of Liability: Executive agrees and acknowledges that this Separation Agreement is not to be construed as an admission of any violation
of any federal, state or local statute, ordinance or regulation or of any duty allegedly owed by Fulton to Executive. Fulton specifically disclaims any liability to Executive on any basis. The execution of this Separation Agreement by Fulton is a
voluntary act to provide an amicable conclusion to its employment relationship with Executive. 
 9. Restrictive Covenants: Executive agrees to abide
by the Restrictive Covenants and Clawback set forth in Section 5 of Executive’s Employment Agreement, which is expressly incorporated into this Separation Agreement. 

  
 A-3 

 10. Non-Disparagement: Each of Fulton (on behalf of itself and its
affiliated entities and Releasees or any officer, director, employee or agent thereof) and Executive agrees not to slander or defame and, except as to the matters described in Paragraph 4, otherwise disparage the other party hereto. For purposes of
this Section, “Fulton” includes its affiliated entities, the Releasees, or any current, past or future officer, director, employee, or agent thereof. 

11. Confidentiality: Executive agrees that the terms and conditions of this Separation Agreement shall remain strictly confidential between the parties
and Executive shall not disclose them to any person outside of Executive’s immediate family, tax advisor, or attorney after first obtaining that individual’s agreement to keep the information confidential and not disclose it to others.

 12. Integration and Modification: This Separation Agreement, along with Executive’s Employment Agreement and the agreements referenced
therein, contain all of the promises and understandings of the parties. There are no other agreements or understandings except as set forth herein, and this Separation Agreement may be amended only by a written agreement signed by all the parties.

 13. Advice to Consult Legal Representation: Executive is advised to consult with legal counsel of Executive’s choosing, at Executive’s
own expense regarding the meaning and binding effect of this Separation Agreement and every term hereof prior to executing it. 
 14. Governing Law and
Jurisdiction: This Separation Agreement shall be enforced in accordance with the laws of the Commonwealth of Pennsylvania without regard to any principles of choice of law that may otherwise be applicable, except to the extent superseded by
federal law (e.g. ERISA). Executive hereby consents and agrees to the jurisdiction before a court of law in the City of Lancaster, the Commonwealth of Pennsylvania or, if filed under federal law, in the Middle District of Pennsylvania. 

15. Waiver: If a party, by its actions or omissions, waives or is adjudged to have waived any breach of this Separation Agreement, any such waiver shall
not operate as a waiver of any other subsequent breach of this Separation Agreement. 
 16. Successors: This Separation Agreement is binding upon and
shall inure to the benefit of the parties hereto and their respective heirs, executors, administrators, personal or legal representatives, successors and/or assigns. 

17. Severability: If any provision of this Separation Agreement is or shall be declared invalid or unenforceable by a court of competent jurisdiction,
the remaining provisions shall not be affected thereby and shall remain in full force and effect. 
 18. Executive Acknowledgements: Executive
acknowledges that: 
 (a) Executive has read this Separation Agreement and has had an opportunity to discuss it with individuals of
Executive’s own choice, who are not associated with Fulton; 
 (b) Fulton has advised Executive to consult with an attorney of
Executive’s own choosing; 

  
 A-4 

 (c) Neither Fulton nor its agents, representatives or employees have made any representations to
Executive concerning the terms or effects of this Separation Agreement, other than those contained in the Separation Agreement; 
 (d)
Executive has the intention of releasing all claims recited herein in exchange for the payments and other consideration described herein, which Executive acknowledges as adequate and satisfactory and in addition to anything to which Executive
otherwise is entitled; and 
 (e) Executive has returned all things in Executive’s possession or control relating to Fulton’s
business, including but not limited to a Company-issued cell phone, files, all materials relating to any client, keys, badges, or other identification, reports, correspondence, manuals, ledgers, or other proprietary material pertaining to Fulton.

 19. Consideration Period: Executive acknowledges that Executive has been provided with at least twenty-one
(21) calendar days following Executive’s receipt of this Separation Agreement to consider the offer of this Separation Agreement prior to entering into it. Executive agrees to notify Fulton of acceptance of this Separation Agreement by
delivering a signed copy to Fulton, addressed to the attention of General Counsel, Fulton Financial Corporation, One Penn Square, Lancaster, PA 17604. Executive understands that the entire twenty-one
(21) calendar day period may be taken to consider this Separation Agreement. Executive may return this Separation Agreement in less than the full twenty-one (21) calendar day period. By signing and
returning this Separation Agreement, Executive acknowledges that the consideration period afforded Executive was a reasonable period of time to consider fully each and every term of this Separation Agreement, including the general release set forth
in Paragraph 3. 
 20. Revocation Period. Executive acknowledges that Executive shall have seven (7) calendar days after signing this Separation
Agreement to revoke this Separation Agreement if Executive chooses to do so. If Executive elects to revoke this Separation Agreement, Executive shall give written notice of such revocation to Fulton by delivering it to the General Counsel at the
above address, in such a manner that it is actually received by Fulton within the seven-day period. 

______________ EXPRESSLY ACKNOWLEDGES THAT HE HAS READ THE FOREGOING, THAT HE HAS HAD SUFFICIENT TIME TO REVIEW IT WITH AN ATTORNEY OF HIS CHOOSING, THAT
HE UNDERSTANDS THE SEPARATION AGREEMENT’S TERMS AND CONDITIONS AND THAT HE INTENDS TO BE LEGALLY BOUND BY IT. 
 [Signatures on
the following page] 

  
 A-5 

 IN WITNESS WHEREOF, the parties have executed this Separation Agreement as of the dates set forth below.

  

					
	EXECUTIVE	 		 	FULTON FINANCIAL CORPORATION
			
	   
	 		 	   

	 	 	 	 	By:
	 	 	 	 	Title:
	Date _____________________	 		 	Date _____________________

  
 A-6EX-10.2

 Exhibit 10.2 

KEY EMPLOYEE 
 CHANGE IN
CONTROL AGREEMENT 
 This Change in Control Agreement (the “Agreement”) is effective as of November 20, 2017, by and
between Fulton Financial Corporation, a Pennsylvania corporation with offices at One Penn Square, Lancaster, Pennsylvania 17602 (“Fulton” and together with its subsidiaries and affiliates, collectively the
“Company”) and Mark R. McCollom, an adult individual who resides at the address set forth on the signature page (“Key Employee”). 

BACKGROUND 
 Fulton
considers it essential to foster the employment of well-qualified, key management personnel and, in this regard, the Board of Directors of Fulton (the “Board”) recognizes that, as is the case with many publicly-held corporations,
the possibility of a change of control of Fulton may exist and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of key management personnel to the detriment of
the Company. 
 While Fulton remains firmly committed to its policy of remaining a strong, independent regional bank holding company, the
Board has determined that appropriate steps should be taken to reinforce and encourage the continued attention and dedication of key members of management of the Company to their assigned duties without distraction in the face of potentially
disturbing circumstances arising from the possibility of a change of control of Fulton, although no such change is now contemplated. 
 This
Agreement shall become operative only upon a Change in Control (as defined below) of Fulton. 
 This Agreement is supplemental to, and not
in lieu of, and does not supersede the employment agreement between Fulton and Key Employee, dated November 20, 2017; provided, however, any termination of employment following a Change in Control shall entitle the Key Employee to the severance
set forth in this Agreement and not the severance payments under the employment agreement.  
 NOW, THEREFORE, in
consideration of the foregoing and the mutual covenants and agreements hereinafter set forth and intending to be legally bound hereby, the parties hereto agree as follows: 

Section 1. Undertakings of Fulton 

The information under “Background above” is incorporated into and made a part of the Agreement. Fulton shall provide to Key Employee
the severance benefits specified in Section 6 below in the event that any time within the period described in Schedule A to this Agreement (hereinafter referred to as the “Change in Control Period”), (a) Key Employee is
terminated by the Company, other than for Cause (as defined in Section 3; or (b) a Good Reason (as defined in Section 5) condition that adversely impacts the employment of Key Employee comes into existence during the Change in Control
Period, and thereafter Key Employee resigns from the 

  
 1 

 
Company for Good Reason pursuant to and within the timeline specified in Section 5 below (the occurrence of either (a) or (b) shall be a, “Payment Event”). Unless
otherwise determined by the Board or a committee of the Board, this Agreement shall expire, if not terminated earlier, on December 31 of the year in which the Executive attains the age of sixty-five (65). 

Section 2. Change in Control 

2.1 For purposes of this Agreement, a “Change in Control” of Fulton shall be deemed to have occurred when: 

(a) during any period of not more than thirty-six (36) months, individuals who constitute the Board as of the beginning of
the period (the “Incumbent Directors”) cease for any reason to constitute at least a majority of the Board, provided that (i) any person becoming a director subsequent to the beginning of the period, whose nomination for
election or appointment was approved by a vote of at least two-thirds of the Incumbent Directors then on the Board (either by a specific vote or by approval of Fulton’s proxy statement in which such
person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; and (ii) no individual initially nominated or appointed as a result of an actual or publicly threatened election contest or
pursuant to a negotiated agreement with respect to directors or as a result of any other actual or publicly threatened solicitation of proxies by or on behalf of any person other than the Board shall be deemed to be an Incumbent Director; 

(b) the acquisition by any person (as such term is defined in Section 3(a)(9) of the Securities Exchange Act of 1934, as
amended from time to time, or any successor thereto, and the applicable rules and regulations thereunder (the “Exchange Act”) and as used in Sections 13(d)(3) and 14(d)(2) of the Exchange Act) of beneficial ownership (as such term
is defined in Rule 13d-3 under the Exchange Act), of Fulton’s capital stock entitled to thirty percent (30%) or more of the outstanding voting power of all capital stock of Fulton eligible to vote for the election of the Board (“Fulton
Voting Securities”); provided, however, that the event described in this paragraph (b) will not be deemed to be a Change in Control by virtue of the ownership, or acquisition, of Fulton Voting Securities: (i) by Fulton, a
subsidiary of Fulton, including purchases pursuant to a stock repurchase plan, (ii) by any employee benefit plan (or related trust) sponsored or maintained by Fulton or a subsidiary of Fulton, (iii) by any underwriter temporarily holding
securities pursuant to an offering of such securities, or (iv) pursuant to a Non-Qualifying Transaction (as defined in paragraph (c) of this definition); 

(c) the consummation of a merger, consolidation, division, statutory share exchange, or any other transaction or a series of
transactions outside the ordinary course of business involving Fulton (a “Business Combination”), unless immediately following such Business Combination: (i) more than fifty percent (50%) of the total voting power of
(x) the entity resulting from such Business Combination, or (y) if applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of at least ninety-five percent (95%) of the voting power of such resulting

  
 2 

 
entity (either, as applicable, the “Surviving Entity”), is represented by Fulton Voting Securities that were outstanding immediately prior to such Business Combination (or, if
applicable, is represented by shares into which such Fulton Voting Securities were converted pursuant to such Business Combination), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such
Fulton Voting Securities among the holders thereof immediately prior to the Business Combination, (ii) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Entity), is or becomes the
beneficial owner, directly or indirectly, of thirty percent (30%) or more of the total voting power of the outstanding voting securities eligible to elect directors of the Surviving Entity and (iii) at least a majority of the members of the
board of directors of the Surviving Entity following the consummation of the Business Combination were Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for such Business Combination
(any Business Combination which satisfies all of the criteria specified in (i), (ii) and (iii) of this paragraph (c) will be deemed to be a “Non- Qualifying Transaction”);

 (d) the consummation of a sale of all or substantially all of the assets of Fulton (other than to a wholly owned
subsidiary of Fulton); or 
 (e) Fulton’s shareholders approve a plan of complete liquidation or dissolution of Fulton.

 2.2 Actions taken by Fulton to merge, consolidate, liquidate or otherwise reorganize one or more of its subsidiaries or affiliates shall
not constitute a Change in Control for purposes of this Agreement. 
 Section 3. Termination for Cause 

3.1 The Company may at any time within a Change in Control Period terminate Key Employee for Cause, in which event Key Employee shall not be
entitled to receive the severance benefits specified in Section 6 below. 
 3.2 For purposes of this Agreement, if Key Employee is party
to an employment agreement with the Company, then the term “Cause” shall be as defined in such employment agreement. If Key Employee is not party to an employment agreement with Fulton, the Company shall have “Cause” to
discharge Key Employee only under the following circumstances: 
 (a) Key Employee shall have committed a felony, or
misdemeanor resulting or intending to result directly or indirectly in gain or personal enrichment to Key Employee; 
 (b)
Key Employee’s use of alcohol or other drugs which interferes with the performance by Key Employee of Key Employee’s duties; 

  
 3 

 (c) Key Employee shall have deliberately and intentionally refused or otherwise
failed (for reasons other than incapacity due to accident or physical or mental illness) to substantially perform any of Key Employee’s duties to the Company, with such refusal or failure continuing for a period of at least thirty
(30) consecutive days following the receipt by Key Employee of written notice from the Company setting forth in detail the facts upon which the Company relies in concluding that Key Employee has deliberately and intentionally refused or failed
to perform such duties; 
 (d) Key Employee’s conduct that brings public discredit on or injures the reputation of the
Company, in the reasonable opinion of the Board or a committee of the Board; or 
 (e) The Company is legally precluded from
employing Key Employee for Key Employee’s position and duties. 
 The determination as to whether “Cause” exists shall be made by the
Board or a committee of the Board of Fulton. Such determination, when made, shall be binding upon the parties hereto. 
 Section 4. Impact of
Death or Disability 
 4.1 Death. In the event the Key Employee dies prior to the occurrence of a Change in Control, or dies
after the occurrence of a Change in Control but prior to any termination of employment by the Company without Cause or by the Key Employee for Good Reason, this Agreement shall terminate and no payments shall be made under Section 6. In the
event Key Employee dies after Key Employee’s employment has been terminated without Cause or for Good Reason, any unpaid severance benefits owed under Section 6 hereof shall be made to the estate of Key Employee. 

4.2 Disability. For purposes hereof, “Disability” shall have the meaning set forth in the Company’s long-term disability
policy applicable to Key Employee. If, after a Change in Control and prior to termination of employment under this Agreement, Key Employee is unable to perform services for the Company for any period by reason of Disability, the Company will pay and
provide Key Employee all compensation and benefits to which Key Employee would have been entitled had Key Employee continued to be actively employed by the Company through the earliest of the following dates: (a) the first date on which Key
Employee is not so disabled to such an extent that Key Employee is unable to perform services for the Company (whereupon Key Employee’s employment shall be restored), (b) the date on which Key Employee becomes eligible for Disability payments
under the applicable Company long-term disability program or policy, (c) the date on which the Company has provided compensation and benefits for the Change in Control Period, or (d) the date of Key Employee’s death. 

Section 5. Resignation for Good Reason 

5.1 If a Good Reason (as defined below) comes into existence within the Change in Control Period, and the notice and opportunity to cure time
period requirements described in Section 5.2 are satisfied, Key Employee may resign from the Company for Good Reason, in which event Key Employee shall be entitled to receive the severance benefits specified in Section 6 below. 

  
 4 

 5.2 If Key Employee is party to an employment agreement with the Company, then the term
“Good Reason” shall be as defined in such employment agreement; provided, however, a breach by the Company of the employment agreement shall be a “Good Reason” termination under this Agreement. If Key Employee is not party to an
employment agreement with Fulton, Key Employee may resign for “Good Reason” during the Change in Control Period only if the Company, without Key Employee’s prior written consent, shall have caused a material diminution in Key
Employee’s authority, duties, or base compensation, or the Company requires Key Employee to be based at a location outside a thirty-five (35) mile radius of the location where Key Employee worked immediately before the Change in Control.
In order to resign hereunder for Good Reason Key Employee must first have provided the Company with notice of the existence of the Good Reason condition within ninety (90) days of its initial existence, the Company must thereafter fail to
remedy the condition within thirty (30) days of receiving notice of its existence, and the resignation must occur on or before the later of the last day of the Change in Control Period or the 30th day after the end of the required 30-day remedy period. It shall not be deemed to be a material diminution in authority or duties if Key Employee is assigned a different title, position or reporting authority after the Change in Control of the
Company so long as Key Employee continues to perform duties which, in aggregate, are similar to some or all of the duties performed by Key Employee immediately before the Change in Control of Fulton. The determination as to whether “Good
Reason” exists shall be made by the majority of the Incumbent Directors or the majority of Incumbent Directors serving on a committee of the Board within the time frame set forth above. Such determination, when made, shall be binding upon the
parties hereto. 
 Section 6. Severance Benefits 

In the event that Key Employee becomes eligible for the severance benefits under this Section 6 of this Agreement, the benefits to be
provided to Key Employee by Fulton are set forth on Schedule A attached hereto, to be paid over the period set forth on Schedule A. 

Section 7. Restrictive Covenants 

7.1 Confidential Information. Key Employee acknowledges that through Key Employee’s employment with Fulton, Key Employee will have
access to, or may contribute to, certain commercially valuable information and trade secrets belonging to Fulton (collectively, “Confidential Information,” as further defined below). Key Employee further acknowledges that, to
safeguard its legitimate interests, it is necessary for Fulton to protect its Confidential Information by keeping it confidential. Key Employee acknowledges that Fulton’s Confidential Information is vital to its success and was acquired and/or
developed by Fulton only after considerable expense, time, and energy. Key Employee acknowledges that Fulton would not otherwise disclose Confidential Information to Key Employee without the existence of this Restrictive Covenant provision in this
Section 7 and that the unauthorized disclosure and/or use of Confidential Information would cause Fulton to suffer substantial and irreparable harm. 

(a) Definition of Confidential Information: The term “Confidential Information” means any and all data
and other information related to the business of Fulton that has value to Fulton and is not generally known to the public (whether or not it constitutes a trade secret). Such Confidential Information includes, but is not limited to:

  
 5 

 
data or information relating to any of Fulton’s past, present, or future products or services; customer lists; customer information; fees, costs, and pricing lists or structures; mailing
lists; the identity of customers; techniques of doing business; financial and profit information; investment strategies; marketing strategies; competitive information; advertising; compensation information; analysis; reports; formulas; computer
software; designs; drawings; trademarks and brand names under development; accounting and business methods; databases; inventions and new developments and methods, whether patentable or reduced to practice; the existence or terms of any contracts or
potential contracts; plans for future business; and materials or information embodying or developed by use of any such Confidential Information. Confidential Information does not include information that is or becomes publicly available through no
fault of Key Employee. This provision adds to, and does not limit, Fulton’s rights pursuant to any laws generally protecting confidential information and trade secrets. 

(b) Prohibited Use or Disclosure of Confidential Information: Key Employee shall not, at any time during Key
Employee’s employment by Fulton or after termination (whether voluntary or involuntary), without the express written authorization of the Board or senior management of Fulton, directly or indirectly, use, cause to be used, or disclose and
Confidential Information of which Key Employee becomes aware, except to the extent a particular disclosure or use is required in the performance of Key Employee’s assigned duties for Fulton. Key Employee also agrees not to remove any documents,
material or equipment containing Confidential Information from Fulton’s premises, except as required in the performance of Key Employee’s assigned duties for Fulton, and to immediately return any such documents, materials or equipment at
the termination of employment (whether voluntary or involuntary, and regardless of the reason). 
 (c) For the purpose of
this Section 7.1, Fulton shall be deemed to refer to Fulton, its successors, and all of its present or future subsidiaries or affiliates. 

7.2 Non-Solicitation: During the period beginning on the date of termination and ending on the
first anniversary thereof (the “Restricted Period”), Key Employee shall not, directly or indirectly: 
 (a)
call upon, solicit, service or accept business from any customer of Fulton or its subsidiaries or affiliates, or in any way interfere with the relationship between any such customer and Fulton (including, without limitation, making any negative or
disparaging statements or communications regarding Fulton or its current, past or future personnel); 
 (b) request that any
customer of Fulton not purchase products or services from Fulton, or curtail or cease its business with Fulton; 
 (c)
solicit, induce or entice or attempt to solicit, induce or entice any employee or independent contractor of Fulton, who was employed or engaged by Fulton as of Key Employee’s termination date or within the twelve months preceding Key
Employee’s termination date, to leave the employ or engagement of Fulton, or in any way interfere with the relationship between Fulton and any employee or independent contractor thereof; or 

  
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 (d) except with the consent of the Board or one of its committees, hire or offer
employment or engagement to any employee or independent contractor of Fulton who was employed or engaged by Fulton as of Key Employee’s termination date or within the twelve months preceding Key Employee’s termination date. 

For purposes of Sections 7.1 and 7.2, “Fulton” shall be deemed to refer to Fulton, its successors, and all of its present or future
subsidiaries or affiliates. 
 7.3 Injunctive and Other Relief. Key Employee acknowledges and agrees that the covenants contained
herein are fair and reasonable in light of the consideration paid hereunder, and that damages alone shall not be an adequate remedy for any breach by Key Employee of Key Employee’s covenants which then apply and accordingly expressly agrees
that, in addition to any other remedies which Fulton may have, Fulton shall be entitled to injunctive relief in any court of competent jurisdiction for any breach or threatened breach of any such covenants by Key Employee. Nothing contained herein
shall prevent or delay Fulton from seeking, in any court of competent jurisdiction, specific performance or other equitable remedies in the event of any breach or intended breach by Key Employee of any of its obligations hereunder. 

7.4 Clawback. Key Employee acknowledges that the Key Employee is subject to any Clawback Policy that may be adopted by Fulton’s
Board or any committee thereof. Absent any formal Clawback Policy, the Key Employee agrees that the Key Employee shall be required to forfeit and pay back to Fulton any payments made under this Agreement to the Key Employee if: (a) a court or
arbitration body makes a final determination that the Key Employee directly or indirectly engaged in fraud or misconduct that caused or partially caused the need for a material financial restatement by Fulton; or (b) the independent members of
Fulton’s Board determine that the Key Employee has committed a material violation of Fulton’s Code of Conduct. 
 Section 8. Mitigation
and Setoff 
 8.1 Key Employee shall not be required to mitigate the amount of any payment or benefit provided for in Section 6
by seeking employment or otherwise and Fulton shall not be entitled to set-off against the amount of any payment or benefit provided for in Section 6 any amounts earned by Key Employee in other
employment. 
 8.2 The Company hereby waives any and all rights to set off in respect to any claim, debt, obligation or other liability of
any kind whatsoever, against any payment or benefit provided for in Section 6. 
 Section 9. Attorneys’ Fees and Related Expenses

 All reasonable and documented attorneys’ fees and related expenses incurred by Key Employee in connection with or relating to
enforcement by Key Employee of rights under this Agreement shall be paid for in full by Fulton. 

  
 7 

 Section 10. Successors and Parties in Interest 

10.1 This Agreement shall be binding upon and shall inure to the benefit of the Company and its successors and assigns, including, without
limitation, any corporation which acquires, directly or indirectly, by purchase, merger, consolidation or otherwise, all or substantially all of the business or assets of Fulton. Without limitation of the foregoing, Fulton shall require any such
successor, expressly assume and agree to perform this Agreement in the same manner and to the same extent that it is required to be performed by Fulton. 

10.2 This Agreement is binding upon and shall inure to the benefit of Key Employee and the heirs and personal representatives of Key Employee.

 Section 11. Rights under Other Plans 

This Agreement is not intended to reduce, restrict or eliminate any benefit to which Key Employee may otherwise be entitled at the time of
discharge or resignation under any employee benefit plan of the Company then in effect. 
 Section 12. Termination 

Except as set forth in Section 4.1, this Agreement may not be terminated except by mutual consent of the parties, as evidenced by a
written instrument duly executed by Fulton and Key Employee. 
 Section 13. Notices 

All notices hereunder shall be in writing and shall be sufficiently given if hand-delivered, sent by documented overnight delivery service or
registered or certified mail, postage prepaid, return receipt requested or by telegram, fax or telecopy (confirmed by U. S. mail), receipt acknowledged, addressed as set forth below or to such other person and/or at such other address as may be
furnished in writing by any party hereto to the other. Any such notice shall be deemed to have been given as of the date received, in the case of personal delivery, or on the date shown on the receipt or confirmation therefor, in all other cases.
Any and all service of process and any other notice in any such action, suit or proceeding shall be effective against any party if given as provided in this Agreement; provided that nothing herein shall be deemed to affect the right of any party to
serve process in any other manner permitted by law. 

  
 8 

 (a)   If to Fulton: 

Fulton Financial Corporation 

One Penn Square 
 Lancaster, PA
17602 
 Attention: General Counsel 

(b)   If to Key Employee: at the address on the signature page to this Agreement. 

Section 14. Severability 
 In
the event that any provision of this Agreement shall be held to be invalid or unenforceable by any court of competent jurisdiction, such provision shall be deemed severable from the remainder of the Agreement and such holding shall not invalidate or
render unenforceable any other provision of this Agreement. 
 Section 15. Governing Law, Jurisdiction and Venue 

This Agreement shall be governed by and construed in accordance with the laws of the Commonwealth of Pennsylvania. In the event that either
party shall institute any suit or other legal proceeding, whether in law or in equity, arising from or relating to this Agreement, the courts of the Commonwealth of Pennsylvania shall have exclusive jurisdiction and venue shall lie exclusively in
the Court of Common Pleas of Lancaster County for state actions and the Middle District of Pennsylvania for federal actions. 
 Section 16. 409A
Safe Harbor 
 Notwithstanding anything in this Agreement to the contrary, in no event shall the Company be obligated to commence
payment or distribution to Key Employee of any amount that constitutes nonqualified deferred compensation within the meaning of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) earlier than the earliest
permissible date under Code section 409A that such amount could be paid without additional taxes or interest being imposed under Code section 409A. Fulton and Key Employee agree that they will execute any and all amendments to this Agreement as they
mutually agree in good faith may be necessary to ensure compliance with the distribution provisions of Code section 409A and to cause any and all amounts due under this Agreement, the payment or distribution of which is delayed pursuant to Code
section 409A, to be paid or distributed in a single sum payment at the earliest permissible date under Code section 409A. For purposes of Code section 409A, each payment under this Agreement shall be treated as a right to separate payment and not
part of a series of payments. Without limiting the generality of the foregoing, in the event the Key Employee is to receive a payment of compensation hereunder that is on account of a separation from service, such payment is subject to the
provisions of Code section 409A, and Key Employee is a “specified employee” (as defined in section 1.409A-1(i) of the Treasury Regulations) of Fulton, then payment shall not be made before the date
that is six months after the date of separation from service (or, if earlier than the end of the six month period, the date of the Key Employee’s death). Amounts otherwise payable during such six-month
payment shall be accumulated and paid in a lump sum on the first day of the seventh month after the date of separation from service. 

  
 9 

 Section 17. Funding Obligation. 

Prior to or simultaneously with a Change in Control over which Fulton has control or within three business days of any other Change in Control,
Fulton shall establish an irrevocable grantor trust (also known as a “rabbi trust”) for the benefit of the Key Employee and other key employees of Fulton who are parties to agreements with Fulton similar to this Agreement for the sole
purpose of: (a) holding assets equal in value to the present value at any time after a Change in Control of the maximum amount of benefits to which the Key Employee may be entitled under this Agreement and to which such other key employees may
be entitled under similar provisions of their respective agreements, and (b) distributing such assets as their payment becomes due. Prior to or simultaneously with a Change in Control over which the Fulton has control or within three business
days of any other Change in Control, Fulton shall fund such trust with cash or marketable securities having the value described in Section 17(a); provided that Fulton shall not be obligated to fund such trust at such time if the funding would
result in additional tax being owed under Code section 409A, and in such event, Fulton shall fund such trust on the first day it may fund such trust without causing any such additional tax to be owed. Fulton shall reasonably calculate the value
described in Section 17(a) assuming that the date on which such calculation is made is the date of the Key Employee’s termination of employment and the corresponding date applicable to such other key employees. 

Section 18. Section 280G. 

Notwithstanding any provision to the contrary, in the event that the payments described in this Agreement, when added to all other amounts or
benefits provided to or on behalf of Key Employee in connection with the Key Employee’s termination of employment, would result in the imposition of an excise tax under Code section 4999, such payments shall be reduced to the extent necessary
to avoid such excise tax imposition. If it is determined, after any such payments are made, that any such compensation must be returned to Fulton so that Key Employee does not incur obligations under Code sections 280G or 4999, upon written notice
to Key Employee to that effect, together with calculations of the Company’s tax advisor, Key Employee shall remit to Fulton the amount of the reduction plus such interest as may be necessary to avoid the imposition of such excise tax.
Notwithstanding the foregoing or any other provision of this Agreement to the contrary, if any portion of the amount herein payable to Key Employee is determined to be non-deductible pursuant to the
regulations promulgated under Code sections 280G or 4999, Fulton shall be required only to pay to Key Employee the amount determined to be deductible under Code sections 280G or 4999 of the Code. 

  
 10 

 Section 19. Entire Agreement 

This Agreement constitutes the entire agreement between Fulton and Key Employee concerning the subject matter hereof and supersedes all prior
written or oral agreements or understandings between them. No term or provision of this Agreement may be changed, waived, amended or terminated, except by written instrument duly executed by Fulton and by Key Employee. 

[Remainder of Page Left Blank Intentionally] 

  
 11 

 IN WITNESS WHEREOF, this Agreement is executed as of the day and year first above written. 

 

									
	ATTEST:	 		 	FULTON FINANCIAL CORPORATION
					
	By:	 	 /s/ Daniel R. Stolzer
	 		 	By:	 	 /s/ Bernadette Taylor

	Name:	 	Daniel R. Stolzer	 		 	Name:	 	Bernadette Taylor
	Title:	 	 Secretary, General Counsel and
 Senior Executive
Vice President
	 		 	Title:	 	 Chief Human Resources Officer and
 Senior
Executive Vice President

			
	WITNESS	 		 	KEY EMPLOYEE
			
	 /s/ John R. Merva
	 		 	 /s/ Mark R. McCollom

	John R. Merva	 		 	Mark R. McCollom
				
		 		 		 	Address: [redacted]
				
		 		 		 	Telephone: [redacted]
				
		 		 		 	Email: [redacted]

  
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 SCHEDULE A 

CHANGE IN CONTROL PAYMENTS 
 Key Employee
shall receive the following benefits under Section 6 of the Agreement if a Payment Event occurs any time within the ninety (90) days prior to, or the twenty-four (24) months following a Change in Control of Fulton (the “Change
in Control Period”): 
 1. Cash Payments: 

(a) an amount equal to two (2) times the sum of (i) the annual base salary immediately before the Change in Control
and (ii) the highest annual cash bonus or other incentive compensation awarded to Key Employee over the past three years in which cash bonus or other incentive compensation was awarded (all exclusive of any election to defer receipt of
compensation Key Employee may have made); 
 (b) an amount equal to that portion, if any, of Fulton’s contribution to
Key Employee’s 401 (k), profit sharing, deferred compensation or other similar individual account plan which is not vested as of the date of termination of employment (the “Unvested Company Contribution”), plus an amount which,
when added to the Unvested Company Contribution, would be sufficient after Federal, state and local income taxes (based on the tax returns filed by Key Employee most recently prior to the date of termination) to enable Key Employee to net an amount
equal to the Unvested Company Contribution; and 
 (c) up to $10,000.00 for executive outplacement services utilized by Key
Employee upon the receipt by Fulton of written receipts or other appropriate documentation. 
 Such cash payments under Section (a) and (b) shall be
made in a lump sum paid within thirty (30) days after the date of termination of employment. The reimbursement for executive outplacement services shall be paid within thirty (30) days after receipt of the written receipts or other
appropriate documentation. 
 2. Fringe Benefits. The Company shall provide, at its expense, to Key Employee for up to twenty-four
(24) months following termination of employment life, medical, health, accident and disability insurance and a survivor’s income benefit in form, substance and amount which is, in each case, substantially equivalent to that provided to Key
Employee immediately before termination of employment. Key Employee shall pay the same percentage of the total cost of coverage under the applicable employee benefit plans as Key Employee was paying when Key Employee’s employment
terminated. The total cost of Key Employee’s continued coverage shall be determined using the same rates for health, life and/or disability coverage that apply from time to time to similarly situated active employees. In addition, Fulton shall
pay to Key Employee in a single lump sum as soon as practicable after Key Employee’s termination, to the extent permissible under Section 18 of the Agreement, an aggregate amount equal to two (2) additional years of Fulton retirement
plan contributions under each tax qualified or nonqualified defined contribution type of retirement plan in which Key Employee was a participant immediately prior to Key Employee’s termination or resignation and equal to the actuarial

  
 A-1 

 
present value of two (2) additional years of benefit accruals under each tax qualified or nonqualified defined benefit type of retirement plan in which Key Employee was a participant
immediately prior to Key Employee’s termination or resignation, calculated in each case as if Key Employee had continued as a plan participant for the number of additional years indicated above, Key Employee’s annual compensation for plan
purposes in the most recently completed plan year of each plan continued unchanged through these additional years, and the retirement plans continued to operate unchanged through the additional years. The actuarial equivalence factors and
assumptions generally in use under any defined benefit plan shall be applied in determining lump sum present values of any defined benefit plan additional accruals payable hereunder. In addition, Key Employee shall also have the right to purchase
from Fulton, at book value price, any automobile of Fulton, if any, as was used by Key Employee while employed by Fulton, provided that the Key Employee exercises such right within ten (10) days of his termination of employment and completes
the purchase transaction within 30 days of his termination of employment. 
 3. Vesting of Equity: All stock options, shares of
restricted stock, and other equity-based compensation units held by the Key Employee pursuant to any stock option plan, stock option agreement, or other long-term incentive plan or agreement shall be governed by the terms of such plan or agreement,
but in the event the plan or agreement is silent on the subject of change in control, all such options, shares, and units shall immediately become vested and exercisable as to all or any part of the shares and rights covered thereby; provided,
however, that any performance-based awards shall vest in accordance with the terms of the award agreements evidencing such awards. 
 4.
Death or Disability: If Key Employee dies or becomes Disabled after payments have commenced under this Agreement, the Key Employee and Key Employee’s dependents, beneficiaries, and estate shall receive any benefits payable under
Section 6 of the Agreement. 

  
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