SEC Contract Filing

Filing Date: 2024-03-08

Document Content:
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<TYPE>EX-10.17
<SEQUENCE>3
<FILENAME>ea020090601ex10-17_sbfin.htm
<DESCRIPTION>FORM OF RESTRICTED STOCK AWARD AGREEMENT (FOR EMPLOYEES) UNDER THE COMPANY'S 2017 STOCK INCENTIVE PLAN
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<P STYLE="text-align: right; margin: 0"><B>Exhibit 10.17</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SB FINANCIAL GROUP, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2017 STOCK INCENTIVE PLAN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>RESTRICTED STOCK AWARD AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>For ________________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In recognition of your services
to SB Financial Group, Inc. and its current and future Subsidiaries (the &ldquo;<U>Company</U>&rdquo;), the Compensation Committee (the
&ldquo;<U>Committee</U>&rdquo;) of the Board of Directors of the Company has granted to you (the &ldquo;<U>Grantee</U>&rdquo;) restricted
common shares, without par value, of the Company (&ldquo;<U>Restricted Stock</U>&rdquo;), subject to the terms and conditions described
in the SB Financial Group, Inc. 2017 Stock Incentive Plan (the &ldquo;<U>Plan</U>&rdquo;) and this Restricted Stock Award Agreement (this
&ldquo;<U>Award Agreement</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">To ensure you fully understand
the terms and conditions of your Restricted Stock, you should read the Plan and this Award Agreement carefully. Capitalized terms that
are not defined in this Award Agreement have the same meanings as in the Plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">You should return a signed copy of this Award Agreement
to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 105.1pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 105.1pt">Keeta J. Diller</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 105.45pt">Executive Vice President and Corporate Secretary<B><BR>
</B>SB Financial Group, Inc.<BR>
401 Clinton Street<BR>
Defiance, Ohio 43512</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 1. <B>Summary of Your Restricted Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Grant Date: </B> _________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"><B>Number of Shares of Restricted Stock: </B>______
Shares</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 2. <B>Transfer Restrictions and Restriction Periods</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">(a)&nbsp;<B>Transfer
Restrictions.</B> Your Restricted Stock will be subject to a risk of forfeiture and the Company will hold the shares in escrow until the
shares of Restricted Stock vest as provided below (the &ldquo;<U>Restriction Periods</U>&rdquo;) and the Restriction Periods lapse. Except
as described below, you may not sell, transfer, pledge, assign, alienate or hypothecate your shares of Restricted Stock. After the Restriction
Periods lapse, your Restricted Stock will be distributed to you or forfeited, depending on whether or not you satisfy the terms and conditions
described in this Award Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> (b) <B>Restriction Periods.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(i)&nbsp;Subject
to the provisions of the Plan and this Award Agreement (including Section 3), provided that you are continuously employed by the Company,
continuously serve as a member of the Advisory Board of the Company (&ldquo;Advisory Board Member&rdquo;), or