Document:

EXHIBIT 4.2

 

2013 FIRST NATIONAL
COMMUNITY BANCORP, INC. 

LONG-TERM INCENTIVE
COMPENSATION PLAN

 

Restricted
Stock

Award
Agreement

for

 [eligible
participant Name]

 

We are pleased to advise you that First National
Community Bancorp, Inc. (the "Corporation") hereby grants to you under the 2013 First National Community Bancorp, Inc.
Long Term Incentive Compensation Plan (the "Plan"), an award of restricted stock consisting of _________ shares of Stock
of the Corporation (the “Restricted Stock”), subject to the parties hereto signing this Agreement and your complying
with the provisions hereof. This Award is subject in all respects to the applicable provisions of the Plan, a complete copy of
which has been furnished to you and receipt of which you acknowledge by acceptance of the Award. Such provisions are incorporated
herein by reference and made a part hereof (including all defined terms) and shall control in the event of any conflict with any
other terms of this Agreement.

 

1.            Issuance
of Shares. Upon your execution and delivery of this Agreement and one or more instruments of transfer relating to all
shares of Stock issuable pursuant to this Agreement, you will be issued ________shares of Restricted Stock as of _____________
(the "Grant Date"), subject to the terms, conditions and restrictions of this Agreement and the Plan. Such shares shall
be registered in your name, but the Corporation shall retain custody of any certificates issued for such shares pending the vesting
or forfeiture thereof. Upon the vesting of any such shares, the Corporation shall deliver to you the certificates for such shares.

 

2.            Vesting.
The Restricted Stock shall vest [in a number of tranches as determined by the Committee] as follows:

 

	 	Vesting
    Date	Shares
    of Stock
	 	[___
    Anniversary of the Grant Date]	[___%
    of Shares that Vest on the Vesting Date]

 

3.            Conditions
to Vesting. Except as otherwise provided in Section 4 of this Agreement, as a condition to the vesting of any portion of the
shares of Restricted Stock, all of the following conditions must be fully satisfied on the applicable vesting date:

 

(i)          You
must be employed by or engaged to provide services to (and, at all times subsequent to the Grant Date, have been continuously
employed by or engaged to provide services to) the Corporation or its affiliates, and no event shall have occurred which, with
due notice or lapse of time, or both, would entitle the Corporation to terminate your employment or engagement with the Corporation
or its affiliates; and

 

(ii)          You
must not be in breach or default of any obligation to the Corporation, whether or not contained in any agreement with the Corporation
or imposed by law.

 

    	 

    	 

    

 

4.          Death,
Disability, Retirement, or Change in Control. In the event: (A) you die; (B) you incur a Disability; (C) you Retire; or (D)
a Change in Control occurs, prior to the date the shares of Restricted Stock vests in full, the unvested portion thereof shall
vest on a pro rata basis with the percentage vesting to be determined by multiplying (i) the number of the shares of Restricted
Stock that have not yet vested by (ii) the ratio of the number of months since the immediately preceding vesting date (or since
the Grant Date, if the event occurs prior to the first vesting date) that you have been employed or engaged to provide services
to the total number of months left in the Restricted Period; provided, however, that you satisfy the requirements of Section
3 of this Agreement.

 

5.          Transferability.
Shares of Restricted Stock may not be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated until the termination
of the applicable Restricted Period as specified in this Agreement. All rights with respect to the Restricted Stock shall be exercisable
during your lifetime only by you.

 

6.          Restrictive
Legend. Certificates for the shares of Restricted Stock with respect to which the restrictions have not lapsed shall be inscribed
with the following legend:

 

               "The shares of stock evidenced by this certificate are subject to the terms and restrictions of a Restricted Stock Award Agreement. They are subject to forfeiture under the terms of that Agreement if they are transferred, sold, pledged, given, hypothecated, or otherwise disposed of prior to the lapse of such restrictions. A copy of that Agreement is available from the Secretary of FNCB upon request."

 

			7.          Removal
                                         of Restrictive Legend. When the restrictions on any shares of Restricted Stock lapse,
                                         the Corporation shall cause a replacement stock certificate for those shares, without
                                         the legend referred to in Section 6, to be issued and delivered to you, as soon as practicable.

 

			8.          No
                                         Right to Employment or Service. Neither the award of Shares pursuant to this Agreement
                                         nor any provision of this Agreement shall be construed (i) to give you any right to continued
                                         employment or service with the Corporation or an affiliate thereof or (ii) as an amendment
                                         any employment or service agreement you may have with the Corporation or an affiliate
                                         thereof.

 

9.          Forfeiture.
Except as otherwise provided in Section 4, Restricted Stock issued to you under this Agreement not previously vested hereunder
shall be forfeited as of the date your employment by, or engagement to provide services to, the Corporation and all affiliates
thereof terminates. Following such forfeiture, you shall have no rights whatsoever with respect to the Restricted Stock forfeited.

 

10.         Voting,
Dividend and Tender Offer Rights. You shall have all voting, dividend and tender offer rights with respect to the Restricted
Stock issued to you under this Agreement, whether vested or unvested. Cash dividends shall be distributed to you. Stock dividends
shall be issued to you and shall become vested under the same terms and conditions as the shares of Restricted Stock to which
they pertain.

 

    	-2-

    	 

    

 

11.         Withholding
of Applicable Taxes. It shall be a condition to the Corporation’s obligation to deliver Stock to you pursuant to this
Agreement that you pay, or make provision satisfactory to the Corporation for the payment of, any taxes (other than stock transfer
taxes) the Corporation is obligated to collect with respect to the delivery of Stock under this Agreement, including any applicable
federal, state, or local withholding or employment taxes.

 

12.         Amendment.
This Agreement may be amended at any time and from time to time by the Corporation, provided that this Award is not materially
adversely altered or impaired by such amendment, unless your consent is obtained or such amendment is otherwise permitted under
the terms of the Plan.

 

[13.         Section
83(b) Election. You may make an election under Code Section 83(b) (a "Section 83(b) Election") with respect to the
Restricted Stock. Any such election must be made within thirty (30) days after the Grant Date. If you elect to make a Section
83(b) Election, you must provide the Corporation with a copy of an executed version and satisfactory evidence of the filing of
the executed Section 83(b) Election with the US Internal Revenue Service. You agree to assume full responsibility for ensuring
that the Section 83(b) Election is actually and timely filed with the US Internal Revenue Service and for all tax consequences
resulting from the Section 83(b) Election.]

 

The undersigned hereby acknowledges this
award of Restricted Stock on behalf of the Corporation.

 

	 	FIRST NATIONAL COMMUNITY BANCORP, INC.
	 	 	 	 
	 	 	By:	 
	 	 	 	 
	 	 	Title:	 
	 	 	 	 
	 	 	Date:	 

 

To indicate your acceptance and agreement
to this Restricted Stock Award, please execute and immediately return to the Corporation the enclosed duplicate original of this
Agreement.

 

The undersigned (the "Participant")
acknowledges receipt of a copy of the Plan and a copy of the Prospectus covering the Restricted Stock to be issued pursuant to
the Plan, and the Participant represents that he or she has read and is familiar with the terms, conditions and provisions thereof
and hereby accepts this Restricted Stock Award subject to all the terms, conditions and provisions thereof. The Participant hereby
agrees to accept as binding, conclusive and final, all decisions or interpretations of the Committee upon any questions arising
under the Plan.

 

    	-3-

    	 

    

 

ACCEPTED AND AGREED TO:

 

	 	 
	[Employee’s name]	 
	 	 
	 	 
	Date	 

 

    	-4-EXHIBIT 4.3

 

2013 FIRST NATIONAL
COMMUNITY BANCORP, INC. 

LONG-TERM INCENTIVE
COMPENSATION PLAN

 

[Incentive/Nonqualified]
Stock Option 

Award
Agreement

for

[eligible
participant Name]

 

We are pleased to advise you that First National
Community Bancorp, Inc. (the "Corporation") hereby grants to you under the 2013 First National Community Bancorp, Inc.
Long Term Incentive Compensation Plan (the "Plan"), an option to purchase _________ shares of Stock of the Corporation
(the “Option”), subject to the parties hereto signing this Agreement and your complying with the provisions hereof.
This Award is subject in all respects to the applicable provisions of the Plan, a complete copy of which has been furnished to
you and receipt of which you acknowledge by acceptance of the Award. Such provisions are incorporated herein by reference and
made a part hereof (including all defined terms) and shall control in the event of any conflict with any other terms of this Agreement.

 

1.            Grant
of Option. Subject to the terms herein and of the Plan, the Corporation hereby grants to you the right and option to
purchase all or a portion of _____ shares of Stock at the exercise prices of $_____ per share. This Award is made as of __________
(the “Grant Date”) and, unless earlier terminated pursuant to any provision of the Plan or of this Agreement, will
expire _____ years from this date (the “Expiration Date”). This Option shall not be exercisable on or after the Expiration
Date. This Option is intended to be [an Incentive Stock Option/a Nonqualified Stock Option].

 

2.            Vesting.
This Option shall vest and become exercisable [in a number of tranches as determined by the Committee] as follows:

 

	 	On
    The:	The
    Option Shall Become Exercisable with respect to the 

    Following Number of Shares of Stock:
	 	[___
    Anniversary of the Grant Date]	[___%
    of the Option Shares]

 

Once the Option becomes exercisable,
it will remain exercisable until it is exercised or until it terminates.

 

3.          Conditions
to Vesting. Except as otherwise provided in Section 5 of this Agreement, as a condition to the vesting of any portion of the
Option, all of the following conditions must be fully satisfied on the applicable vesting date:

 

(i)          You
must be employed by or engaged to provide services to (and, at all times subsequent to the Grant Date, have been continuously
employed by or engaged to provide services to) the Corporation or its affiliates, and no event shall have occurred which, with
due notice or lapse of time, or both, would entitle the Corporation to terminate your employment or engagement with the Corporation
or its affiliates; and

 

    	 

    	 

    

 

(ii)          You
must not be in breach or default of any obligation to the Corporation, whether or not contained in any agreement with the Corporation
or imposed by law.

 

4.          Payment
of Exercise Price upon Exercise. Subject to the terms and conditions of this Agreement and the Plan, the Option may be exercised
by written or electronic notice to the Corporation at its principal office, which is presently located at 102 E. Drinker Street,
Dunmore, Pennsylvania 18512. Such notice shall state the election to exercise the Option and the number of shares of Stock with
respect to which it is being exercised; shall be signed by the person or persons so exercising the Option; and shall be accompanied
by payment of the full exercise price of such shares of Stock.

 

5.          Death,
Disability, Retirement, or Change in Control. In the event: (A) you die; (B) you incur a Disability; (C) you Retire; or (D)
a Change in Control occurs, prior to the date the Option vests in full, the unvested portion thereof shall vest on a pro rata
basis with the percentage vesting to be determined by multiplying (i) the percentage of the Option that has not yet vested, expressed
as a number of shares of Stock, by (ii) the ratio of the number of months since the immediately preceding vesting date (or since
the Grant Date, if the event occurs prior to the first vesting date) that you have been employed or engaged to provide services
to the total number of months left in the vesting period; provided, however, that you satisfy the requirements of Section
3 of this Agreement.

 

6.          Transferability.
This Option shall not be assignable or transferable, in whole or in part, by you other than by will or by the laws of descent
and distribution. During your lifetime, the Option shall be exercisable only by you or, in the event of your Disability, by your
guardian or legal representative.

 

7.          No
Right to Employment or Service. Neither the award of this Option to purchase shares of Stock pursuant to this Agreement nor
any provision of this Agreement shall be construed (i) to give you any right to continued employment or service with the Corporation
or an affiliate thereof or (ii) as an amendment to any employment or service agreement you may have with the Corporation or an
affiliate thereof.

 

8.          Forfeiture.
Except as otherwise provided in Section 5, shares of Stock subject to the unvested portion of the Option shall be forfeited as
of the date your employment by, or engagement to provide services to, the Corporation and all affiliates thereof terminates. Following
such a forfeiture, you shall have no rights whatsoever with respect to such shares of Stock.

 

9.          Voting,
Dividend and Tender Offer Rights. Prior to exercise and payment of the applicable exercise price, you shall have no voting,
dividend and tender offer rights with respect to shares of Stock subject to the Option, whether vested or unvested. Once the Option
is exercised and the applicable exercise price paid, you will have full voting, dividend, and tender offer rights on those shares
of Stock acquired upon such exercise.

 

10.        Withholding
of Applicable Taxes. It shall be a condition to the Corporation’s obligation to deliver shares of Stock to you pursuant
to this Agreement that you pay, or make provision satisfactory to the Corporation for the payment of, any taxes (other than stock
transfer taxes) the Corporation is obligated to collect with respect to the exercise of the Option under this Agreement, including
any applicable federal, state, or local withholding or employment taxes.

 

    	-2-

    	 

    

 

11.         Amendment.
This Agreement may be amended at any time and from time to time by the Corporation, provided that this Award is not materially
adversely altered or impaired by such amendment, unless your consent is obtained or such amendment is otherwise permitted under
the terms of the Plan.

 

[12.         Disqualifying
Disposition. If you dispose of the shares of Stock acquired under this Option prior to the expiration of either two (2) years
from the Grant Date or one (1) year from the date the shares are transferred to you pursuant to the exercise of the Option (a
“Disqualifying Disposition”), you agree to notify the Corporation in writing within thirty (30) days after such disposition
of the date and terms of such disposition. You also agree to provide the Corporation with any information concerning any such
dispositions as the Corporation requires for tax purposes.] [For Incentive Stock Option.]

 

    	-3-

    	 

    

 

The undersigned hereby acknowledges this
Award of an Option grant on behalf of the Corporation.

 

FIRST NATIONAL
COMMUNITY BANCORP, INC. 

 

	 	By:	 
	 	 	 
	 	Title: 	 
	 	 	 
	 	Date:	 

 

To indicate your acceptance and agreement
to this Award, please execute and immediately return to the Corporation the enclosed duplicate original of this Agreement.

 

The undersigned (the "Participant")
acknowledges receipt of a copy of the Plan and a copy of the Prospectus covering the Option grant to be issued pursuant to the
Plan, and the Participant represents that he or she has read and is familiar with the terms, conditions and provisions thereof
and hereby accepts this Option Award subject to all the terms, conditions and provisions thereof. The Participant hereby agrees
to accept as binding, conclusive and final, all decisions or interpretations of the Committee upon any questions arising under
the Plan.

 

ACCEPTED AND AGREED TO:

 

	  	 
	[Employee’s name]	 
	 	 
	 	 
	Date	 

 

    	-4-

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