Common use of EMPLOYEE DIRECTORS Clause in Contracts

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of _______ shares of Common Stock of Parke Bancorp, Inc. (the "Xxxxxny") is hereby granted to _______________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2005 Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with Options --- granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of _______ shares of Common Stock of Parke Reserve Bancorp, Inc. (the "XxxxxnyCompany") is hereby granted to ________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2005 2003 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with --- Options --- granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of _______ shares of Common Stock of Parke Xxxxxxxxxx Bancorp, Inc. (the "XxxxxnyCompany") is hereby granted to ________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2005 1999 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with Options --- granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of __________ shares of Common Stock of Parke Sun Bancorp, Inc. (the "XxxxxnyCompany") is hereby granted to ______________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2005 Option 2004 Stock-Based Incentive Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with Options --- granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of ________ shares of Common Stock of Parke Sun Bancorp, Inc. (the "XxxxxnyCompany") ), is hereby granted to ________________ (the "Optionee") ), at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2005 2002 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with --- Options --- granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of __________ shares of Common Stock of Parke Sun Bancorp, Inc. (the "XxxxxnyCompany") is hereby granted to _______________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2005 Amended and Restated 1997 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with Options --- granted under Section 422 of the Internal Revenue Code of 1986, as amended.