Document:

ex45eaglebancorpinc-form

 (Executive Officer)    #116180232 v1  EAGLE BANCORP, INC. 2021 EQUITY INCENTIVE PLAN  STOCK OPTION GRANT NOTICE AND  AWARD AGREEMENT  Eagle Bancorp, Inc., a Maryland corporation (the “Company”), pursuant to its 2021 Equity  Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) a non-qualified  stock option to purchase the number of Shares set forth below (the “Option”). The Option described in  this Stock Option Grant Notice (the “Grant Notice”) is subject to the terms and conditions set forth in the  Award Agreement attached hereto as Exhibit A (the “Agreement”) and the Plan, each of which is  incorporated herein by reference. Unless otherwise defined herein, capitalized terms used in this Grant  Notice and the Agreement will have the meanings defined in the Plan.  Participant: [_________]  Grant Date: [_________]  Exercise Price Per Share: [_________]  Total Number of Shares Subject to Option: [_________]  Expiration Date: [_________]  Vesting Schedule: Subject to the continued service of  Participant with the Company through the  applicable vesting date, the Option shall  vest as follows:  [                                                 ]  Notwithstanding the foregoing:  (1) if, during the Participant’s continued  service with the Company, the Participant  dies or becomes Disabled, the unvested  portion of the Option shall vest  immediately upon such event; or  (2) upon a Change in Control  Termination, the unvested portion of the  Option shall vest immediately.    By signing below, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement  and this Grant Notice.  This document may be executed, including by electronic means, in multiple  counterparts, each of which will be deemed an original, and all of which together will be deemed a single  instrument.    EAGLE BANCORP, INC.    

 

  A-2    #116180232 v1  _____________________________  Name:   Title:   PARTICIPANT    _____________________________  Name:   

 

 (Executive Officer)  A-1    #116180232 v1  EXHIBIT A   TO STOCK OPTION GRANT NOTICE  AWARD AGREEMENT  1. Award of Option.  Effective as of the Grant Date set forth in the Grant Notice, the  Company has granted to Participant the Option to purchase part or all of the aggregate number of Shares  set forth in the Grant Notice, subject to the terms and conditions set forth in the Grant Notice, the Plan  and this Agreement.  2. Term of Option.  The Option may not be exercised later than the Expiration Date set forth  in the Grant Notice, subject to earlier termination in accordance with the Plan and this Agreement.  3. Option Exercise Price.  The exercise price per Share of the Option (the “Exercise Price”)  is set forth in the Grant Notice.  4. Vesting and Exercise of Option.    a. Vesting.  The Option shall become vested and exercisable in such amounts and at  such times as set forth in the Grant Notice.   b. Service with Affiliates.  Solely for purposes of this Agreement, service with the  Company will be deemed to include service with an Affiliate of the Company (for only so long as such  entity remains an Affiliate of the Company).  c. Effect of Termination of Service on the Option.  Unless otherwise provided in the  Grant Notice, if Participant’s service ceases for any reason, the termination or survival of the Option will  be determined in accordance with Section 7 of the Plan.     d. Definition of “Change in Control Termination.” A “Change in Control  Termination” shall have the meaning ascribed to such term in Participant’s employment agreement,  provided that it shall only apply to a termination that occurs on or within the 12 months following a  Change in Control. In the event that Participant is not a party to an employment agreement with the  Company or its Affiliate, or such agreement does not specifically define “Change in Control  Termination,” then, for the purposes of the Grant Notice and this Agreement, such term shall mean that  Participant is terminated by the Company without Cause on or within the 12 months following a Change  in Control.  e. Method of Exercise.  Participant may exercise the Option by delivering a  payment of the Exercise Price, any required tax withholding and written notice of exercise to the  Company in accordance with Section 5(d) of the Plan. Such notice must also be accompanied by any  further documents or instruments the Company deems necessary or desirable to carry out the purposes or  intent of this Agreement.   f. Partial Exercise.  The Option may be exercised in whole or in part, provided,  however, that any exercise may apply only with a whole number of Shares.  g. Restrictions on Exercise.  The Option may not be exercised, and any purported  exercise will be void, if the issuance of Shares upon such exercise would constitute a violation of any law,  regulation or exchange listing requirement.  The Committee may from time to time impose additional  conditions on the exercise of the Option as it deems necessary or appropriate to facilitate compliance with  any law, regulation or exchange listing requirement.     

 

  A-2    #116180232 v1  h. Rights as Stockholder.  The Option will not confer upon Participant any of the  rights or privileges of a stockholder in the Company unless and until Participant is issued Shares  following Participant’s exercise of the Option.  5.  Non-Transferability of Option.  Except as may be permitted by the Committee in  accordance with Section 14 of the Plan, the Option may not be sold, pledged, assigned, hypothecated,  gifted, transferred or disposed of in any manner, either voluntarily or involuntarily, other than by will or  by the laws of descent and distribution.  6. Tax Consequences.  Participant acknowledges that the Company has not advised  Participant regarding Participant’s tax liability in connection with the Option.  Participant acknowledges  that Participant has reviewed with Participant’s own tax advisors the tax treatment of the Option  (including the purchase and sale of Shares subject hereto) and is relying solely on those advisors in that  regard.    7. No Continuation of Service.  Neither the Plan nor this Agreement will confer upon   Participant any right to continue in the employment or service of the Company or any of its Affiliates, or  limit in any respect the right of the Company or its Affiliates to discharge Participant at any time, for any  reason.  8. The Plan.  Participant has received a copy of the Plan, has read the Plan and is familiar  with its terms, and hereby accepts the Option subject to the terms and provisions of the Plan.  Pursuant to  the Plan, the Committee is authorized to interpret the Plan and to adopt rules and regulations not  inconsistent with the Plan as it deems appropriate.  Participant hereby agrees to accept as binding,  conclusive and final all decisions or interpretations of the Committee with respect to questions arising  under the Plan, the Grant Notice or this Agreement.  9. Company Policies.  Participant agrees, in consideration for the grant of the Restricted  Stock, to be subject to any policies of the Company and its Affiliates regarding clawbacks, securities  trading, and hedging or pledging of securities that may be in effect from time to time, or as may otherwise  be required by applicable law, regulation or exchange listing standard.  10. Entire Agreement.  The Grant Notice and this Agreement, together with the Plan,  represent the entire agreement between the parties with respect to the subject matter hereof and supersede  any prior agreement, written or otherwise, relating to the subject matter hereof.  11. Amendment.  This Agreement may only be amended by a writing signed by each of the  parties hereto; provided that the Company may amend this Agreement without Participant’s consent, if  the amendment does not materially impair Participant’s rights hereunder or as otherwise permitted in  Section 4(f), above.  12. Governing Law.  This Agreement will be construed in accordance with the laws and  judicial decisions of the State of Maryland, without regard to the application of the principles of conflicts  of laws.    13. Headings.  The headings in this Agreement are for convenience only.  They form no part  of the Agreement and will not affect its interpretation.  14. Electronic Delivery of Documents.  Participant authorizes the Company to deliver  electronically any prospectuses or other documentation related to the Option and any other compensation  or benefit plan or arrangement in effect from time to time (including, without limitation, reports, proxy  statements or other documents that are required to be delivered to participants in such arrangements  pursuant to federal or state laws, rules or regulations).  For this purpose, electronic delivery will include,  

 

  A-3    #116180232 v1  without limitation, delivery by means of e-mail or e-mail notification that such documentation is available  on the Company’s Intranet site.  Upon written request, the Company will provide to Participant a paper  copy of any document also delivered to Participant electronically.  The authorization described in this  paragraph may be revoked by Participant at any time by written notice to the Company.ex46eaglebancorpinc-form

 (Executive Officer)    #116180454 v2  EAGLE BANCORP, INC. 2021 EQUITY INCENTIVE PLAN  RESTRICTED STOCK GRANT NOTICE AND  AWARD AGREEMENT  Eagle Bancorp, Inc., a Maryland corporation (the “Company”), pursuant to its 2021 Equity  Incentive Plan (the “Plan”), hereby grants to the individual listed below (“Participant”) the number of  Shares of restricted stock set forth below (the “Restricted Stock”). The Shares of Restricted Stock  described in this Restricted Stock Grant Notice (the “Grant Notice”) are subject to the terms and  conditions set forth in the Award Agreement attached hereto as Exhibit A (the “Agreement”) and the  Plan, each of which is incorporated herein by reference. Unless otherwise defined herein, capitalized  terms used in this Grant Notice and the Agreement will have the meanings defined in the Plan.  Participant: [_________]  Grant Date: [_________]  Total Number of Shares of Restricted Stock: [_________]  Vesting Schedule: Subject to the continued service of  Participant with the Company through the  applicable vesting date, the Shares of  Restricted Stock shall vest as follows:  [                                                       ]  Notwithstanding the foregoing:  (1) if, during the Participant’s continued  service with the Company, the Participant  dies or becomes Disabled, any unvested  Shares of Restricted Stock shall vest  immediately upon such event; or  (2) upon a Change in Control  Termination, all unvested Shares of  Restricted Stock shall vest immediately.     By signing below, Participant agrees to be bound by the terms and conditions of the Plan, the Agreement  and this Grant Notice.  This document may be executed, including by electronic means, in multiple  counterparts, each of which will be deemed an original, and all of which together will be deemed a single  instrument.    EAGLE BANCORP, INC.     _____________________________  Name:   Title:   

 

  A-2    #116180454 v2  PARTICIPANT    _____________________________  Name:   

 

 (Executive Officer)  A-1    #116180454 v2  EXHIBIT A   TO RESTRICTED STOCK GRANT NOTICE  AWARD AGREEMENT  1. Award of Restricted Stock.  Effective as of the Grant Date set forth in the Grant Notice,  the Company has granted to Participant the number of Shares set forth in the Grant Notice, subject to the  restrictions and on the terms and conditions set forth in the Grant Notice, the Plan and this Agreement.  2. Vesting of Restricted Stock.    a. Vesting.  Each Share of Restricted Stock is subject to forfeiture until it becomes  vested in accordance with the Grant Notice. During the vesting period, the Participant shall have all of the  rights of a shareholder with respect to the Restricted Stock, including, without limitation, the right to  receive dividends thereon (whether in cash or Shares).  b. Service with Affiliates.  Solely for purposes of this Agreement, service with the  Company will be deemed to include service with an Affiliate of the Company (for only so long as such  entity remains an Affiliate of the Company).  c. Effect of Termination of Service on the Restricted Stock.  Unless otherwise  provided in the Grant Notice, if Participant’s service ceases for any reason, the treatment of unvested  Shares of Restricted Stock shall be determined in accordance with Section 8(c)(iii) of the Plan.     d. Definition of “Change in Control Termination.” A “Change in Control  Termination” shall have the meaning ascribed to such term in Participant’s employment agreement,  provided that it shall only apply to a termination that occurs on or within the 12 months following a  Change in Control. In the event that Participant is not a party to an employment agreement with the  Company or its Affiliate, or such agreement does not specifically define “Change in Control  Termination,” then, for the purposes of the Grant Notice and this Agreement, such term shall mean that  Participant is terminated by the Company without Cause on or within the 12 months following a Change  in Control.  3. Certificates. The Shares of Restricted Stock may be certificated in accordance with  Section 8(b) of the Plan.  4. Non-Transferability of Restricted Stock.  Except as may be permitted by the Committee  in accordance with Section 14 of the Plan, unvested Shares of Restricted Stock may not be sold, pledged,  assigned, hypothecated, gifted, transferred or disposed of in any manner, either voluntarily or  involuntarily, other than by will or by the laws of descent and distribution.  5.  Tax Consequences.  Participant understands that Participant may elect to timely file an  election under Section 83(b) of the Code within thirty days following the grant of the Shares hereunder.  Participant acknowledges that the Company has not advised Participant regarding Participant’s tax  liability in connection with the Restricted Stock or with respect to an election under Section 83(b) of the  Code.  Participant acknowledges that Participant has reviewed with Participant’s own tax advisors the tax  treatment of the Restricted Stock and is relying solely on those advisors in that regard.   6. No Continuation of Service.  Neither the Plan nor this Agreement will confer upon   Participant any right to continue in the employment or service of the Company or any of its Affiliates, or  limit in any respect the right of the Company or its Affiliates to discharge Participant at any time, for any  reason.  

 

  A-2    #116180454 v2  7. The Plan.  Participant has received a copy of the Plan, has read the Plan and is familiar  with its terms, and hereby accepts the Option subject to the terms and provisions of the Plan.  Pursuant to  the Plan, the Committee is authorized to interpret the Plan and to adopt rules and regulations not  inconsistent with the Plan as it deems appropriate.  Participant hereby agrees to accept as binding,  conclusive and final all decisions or interpretations of the Committee with respect to questions arising  under the Plan, the Grant Notice or this Agreement.  8. Company Policies.  Participant agrees, in consideration for the grant of the Restricted  Stock, to be subject to any policies of the Company and its Affiliates regarding clawbacks, securities  trading, and hedging or pledging of securities that may be in effect from time to time, or as may otherwise  be required by applicable law, regulation or exchange listing standard.  9. Entire Agreement.  The Grant Notice and this Agreement, together with the Plan,  represent the entire agreement between the parties with respect to the subject matter hereof and supersede  any prior agreement, written or otherwise, relating to the subject matter hereof.  10. Amendment.  This Agreement may only be amended by a writing signed by each of the  parties hereto; provided that the Company may amend this Agreement without Participant’s consent, if  the amendment does not materially impair Participant’s rights hereunder.  11. Governing Law.  This Agreement will be construed in accordance with the laws and  judicial decisions of the State of Maryland, without regard to the application of the principles of conflicts  of laws.    12. Headings.  The headings in this Agreement are for convenience only.  They form no part  of the Agreement and will not affect its interpretation.  13. Electronic Delivery of Documents.  Participant authorizes the Company to deliver  electronically any prospectuses or other documentation related to the Option and any other compensation  or benefit plan or arrangement in effect from time to time (including, without limitation, reports, proxy  statements or other documents that are required to be delivered to participants in such arrangements  pursuant to federal or state laws, rules or regulations).  For this purpose, electronic delivery will include,  without limitation, delivery by means of e-mail or e-mail notification that such documentation is available  on the Company’s Intranet site.  Upon written request, the Company will provide to Participant a paper  copy of any document also delivered to Participant electronically.  The authorization described in this  paragraph may be revoked by Participant at any time by written notice to the Company.

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