SEC Contract Filing

Filing Date: 2023-05-10

Document Content:
<DOCUMENT>
<TYPE>EX-10
<SEQUENCE>2
<FILENAME>exhibit101.htm
<DESCRIPTION>EXHIBIT-10.1
<TEXT>
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<div id="a0" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-size:16px;left:48px;top:47.3px;"><div style="display:inline-block;width:4px">&#160;</div></div><div id="a3" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:404.7px;top:991.9px;">1</div><div id="a7" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:686.9px;top:115px;">EXHIBIT<div style="display:inline-block;width:1.9px">&#160;</div>10.1</div><div id="a11" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:353.8px;top:148.9px;">FIRST BANCORP<div style="display:inline-block;width:3.8px">&#160;</div></div><div id="a13" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:225.8px;top:164.2px;">LONG-TERM EQUITY</div><div id="a17" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:368.7px;top:164.2px;">INCENTIVE AWARD<div style="display:inline-block;width:6.8px">&#160;</div>AGREEMENT</div><div id="a19" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:198.2px;"><div style="display:inline-block;width:23.5px">&#160;</div></div><div id="a20" style="position:absolute;font-family:&apos;Times New Roman&apos;;font-weight:bold;left:74.9px;top:198.2px;">THIS AGREEMENT</div><div id="a21" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:198.3px;top:198.2px;"><div style="display:inline-block;width:4.3px">&#160;</div>is entered<div style="display:inline-block;width:5.7px">&#160;</div>into as<div style="display:inline-block;width:5.4px">&#160;</div>of the<div style="display:inline-block;width:5.6px">&#160;</div>____ day<div style="display:inline-block;width:5.7px">&#160;</div>of _______,<div style="display:inline-block;width:5.8px">&#160;</div>and effective<div style="display:inline-block;width:5.9px">&#160;</div>as of<div style="display:inline-block;width:5.4px">&#160;</div>the ___<div style="display:inline-block;width:5.7px">&#160;</div>day of<div style="display:inline-block;width:5.6px">&#160;</div>_____ (the<div style="display:inline-block;width:5.6px">&#160;</div>&#8220;Effective </div><div id="a25" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:213.5px;">Date&#8221;), by and between First BanCorp. (the "Corporation"), and __________<div style="display:inline-block;width:4.7px">&#160;</div>(the "Participant").<div style="display:inline-block;width:3.8px">&#160;</div></div><div id="a27" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:247.6px;"><div style="display:inline-block;width:26.9px">&#160;</div>The Corporation,<div style="display:inline-block;width:6.3px">&#160;</div>pursuant<div style="display:inline-block;width:4.7px">&#160;</div>to<div style="display:inline-block;width:4.7px">&#160;</div>its First<div style="display:inline-block;width:6px">&#160;</div>BanCorp<div style="display:inline-block;width:5px">&#160;</div>Omnibus<div style="display:inline-block;width:4.9px">&#160;</div>Incentive<div style="display:inline-block;width:5px">&#160;</div>Plan,<div style="display:inline-block;width:4.8px">&#160;</div>as amended<div style="display:inline-block;width:6.2px">&#160;</div>(the<div style="display:inline-block;width:4.8px">&#160;</div>"Plan"),<div style="display:inline-block;width:4.8px">&#160;</div>hereby<div style="display:inline-block;width:4.8px">&#160;</div>grants<div style="display:inline-block;width:4.7px">&#160;</div>a<div style="display:inline-block;width:4.7px">&#160;</div>Long-Term </div><div id="a32" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:263px;">Equity<div style="display:inline-block;width:8.9px">&#160;</div>Incentive<div style="display:inline-block;width:9px">&#160;</div>Award<div style="display:inline-block;width:10px">&#160;</div>consisting<div style="display:inline-block;width:8.7px">&#160;</div>of<div style="display:inline-block;width:8.8px">&#160;</div>time-vested<div style="display:inline-block;width:9px">&#160;</div>Restricted<div style="display:inline-block;width:9px">&#160;</div>Stock<div style="display:inline-block;width:8.8px">&#160;</div>(the<div style="display:inline-block;width:8.8px">&#160;</div>&#8220;Restricted<div style="display:inline-block;width:8.9px">&#160;</div>Stock&#8221;)<div style="display:inline-block;width:8.9px">&#160;</div>and<div style="display:inline-block;width:8.8px">&#160;</div>Performance<div style="display:inline-block;width:8.8px">&#160;</div>Shares<div style="display:inline-block;width:8.8px">&#160;</div>(the </div><div id="a35" style="position:absolute;font-family:&apos;Times New Roman&apos;;left:48px;top:278.2px;">&#8220;Performance Shares&#8221;<div style="display:inline-block;width:5px">&#160;</div>and, together with<div style="display:inline-block;width:5.2px">&#160;</div>the Restricted Stock,<div style="display:inline-block;width:5.4px">&#160;</div>the &#8220;Award&#8221;)<div style="display:inline-block;width:6px">&#160;</div>to the Participant,<div style="display:inline-block;width:5.2px">&#160;</div>which award<div style="display:inline-block;width:4.7px">&#160;</div>shall ha