Common use of Accelerated Vesting; Change in Corporate Control Clause in Contracts

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – ¨ ___% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; ¨ ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; ¨ according to the following schedule if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: [insert schedule]

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – ¨ ___% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; ¨ ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; ¨ according to the following schedule % vested if your Continuous Service ends due to an Involuntary Termination that occurs within the one one-year period following a Change in Control: [insert schedule].

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – ¨ Restricted Shares Award Agreement Annapolis Bancorp, Inc. 2006 Stock Incentive Plan • ___% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; ¨ • ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; ¨ according to the following schedule • ___% if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: [insert schedule].

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – ¨ — o ___% vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; ¨ o ___% vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ _and completed at least ___ _full years of Continuous Service; ¨ according to the following schedule o 100% if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period twelve months following a Change in Control: [insert schedule].

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – ¨ ___o % vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; ¨ ___o % vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; ¨ according to the following schedule o % if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period twelve months following a Change in Control: [insert schedule].

Accelerated Vesting; Change in Corporate Control. To the extent you have not previously vested in your rights with respect to this Award, your Award will become – ¨ ___o % vested if your Continuous Service ends due to your death or “disability” within the meaning of Section 409A of the Code; ¨ ___o % vested if your Continuous Service ends due to your retirement at or after you have attained the age of ___ and completed at least ___ full years of Continuous Service; ¨ according to the following schedule o % if your Continuous Service ends due to an Involuntary Termination that occurs within the one year period following a Change in Control: [insert schedule].