Common use of Tax Withholding Requirement Clause in Contracts

Tax Withholding Requirement. The Optionee understands and acknowledges that, prior to or after issuing Shares upon the exercise of an Option, the Bank Holding Company has the right to withhold and deduct any taxes required to be withheld by the Bank Holding Company under any federal, state or local law (the "TAXES"). At its option, the Bank Holding Company may withhold such taxes by withholding additional amounts from the salary of the Optionee or by reducing the number of shares delivered to the Optionee hereunder. To the extent the Bank Holding Company is unable to withhold and/or deduct any Taxes, the Optionee shall, upon notice from the Bank Holding Company, remit to the Bank Holding Company on demand the amount of such Taxes. FIRST INTERNATIONAL BANCORP, INC. By: /s/ Lxxxxx X. Xxxxxxxxx Lxxxxx X. Xxxxxxxxx Its Executive Vice President Agreed to and accepted this 7th day of May, 1998. Optionee acknowledges receipt of a copy of the Plan, a copy of which is annexed hereto, and represents that Optionee is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Bank Holding Company upon any questions arising under the Plan. By: /s/ Cxxxxx X. Xxxxx Cxxxxx Xxxxx FIRST INTERNATIONAL BANCORP, INC. AMENDED AND RESTATED 1996 STOCK OPTION PLANS 1. Purpose of the Plan. The purpose of the 1996 Stock Option Plans is to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to certain key Directors and officers of FIRST INTERNATIONAL BANCORP, INC. and any subsidiaries which FIRST INTERNATIONAL BANCORP, INC. presently owns or controls or may hereafter organize or acquire, and to promote the success of the business.

Tax Withholding Requirement. The Optionee understands and acknowledges that, prior to or after issuing Shares upon the exercise of an Option, the Bank Holding Company has the right to withhold and deduct any taxes required to be withheld by the Bank Holding Company under any federal, state or local law (the "TAXES"). At its option, the Bank Holding Company may withhold such taxes by withholding additional amounts from the salary of the Optionee or by reducing the number of shares delivered to the Optionee hereunder. To the extent the Bank Holding Company is unable to withhold and/or deduct any Taxes, the Optionee shall, upon notice from the Bank Holding Company, remit to the Bank Holding Company on demand the amount of such Taxes. FIRST INTERNATIONAL BANCORP, INC. By: /s/ Lxxxxx X. Xxxxxxxxx Lxxxxx X. Xxxxxxxxx Leslie A. Galbraith Leslie A. Galbraith Its Executive Vice President Agreed to and accepted this 7th 6th day of May, 1998. Optionee acknowledges receipt of a copy of the Plan, a copy of which is annexed hereto, and represents that Optionee is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Bank Holding Company upon any questions arising under the Plan. By: /s/ Cxxxxx X. Xxxxx Cxxxxx Xxxxx Arnold Chase Arnold Chase FIRST INTERNATIONAL BANCORP, INC. AMENDED AND RESTATED 1996 STOCK OPTION PLANS 1. Purpose of the Plan. The purpose of the 1996 Stock Option Plans is to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to certain key Directors and officers of FIRST INTERNATIONAL BANCORP, INC. and any subsidiaries which FIRST INTERNATIONAL BANCORP, INC. presently owns or controls or may hereafter organize or acquire, and to promote the success of the business.

Tax Withholding Requirement. The Optionee understands and acknowledges that, prior to or after issuing Shares upon the exercise of an Option, the Bank Holding Company has the right to withhold and deduct any taxes required to be withheld by the Bank Holding Company under any federal, state or local law (the "TAXES"). At its option, the Bank Holding Company may withhold such taxes by withholding additional amounts from the salary of the Optionee or by reducing the number of shares delivered to the Optionee hereunder. To the extent the Bank Holding Company is unable to withhold and/or deduct any Taxes, the Optionee shall, upon notice from the Bank Holding Company, remit to the Bank Holding Company on demand the amount of such Taxes. FIRST INTERNATIONAL BANCORP, INC. By: /s/ Lxxxxx X. Xxxxxxxxx Lxxxxx X. X Xxxxxxxxx Its Executive Vice President EVP and Treasurer Agreed to and accepted this 7th ___ day of May_______________, 19981999. Optionee acknowledges receipt of a copy of the Plan, a copy of which is annexed hereto, and represents that Optionee is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Bank Holding Company upon any questions arising under the Plan. By: /s/ Cxxxxx X. Xxxxx Cxxxxx Xxxxx FIRST INTERNATIONAL BANCORP, INC. AMENDED AND RESTATED 1996 STOCK OPTION PLANS 1. Purpose of the Plan. The purpose of the 1996 Stock Option Plans is to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to certain key Directors and officers of FIRST INTERNATIONAL BANCORP, INC. and any subsidiaries which FIRST INTERNATIONAL BANCORP, INC. presently owns or controls or may hereafter organize or acquire, and to promote the success of the business.

Tax Withholding Requirement. The Optionee understands and acknowledges that, prior to or after issuing Shares upon the exercise of an Option, the Bank Holding Company has the right to withhold and deduct any taxes required to be withheld by the Bank Holding Company under any federal, state or local law (the "TAXES"). At its option, the Bank Holding Company may withhold such taxes by withholding additional amounts from the salary of the Optionee or by reducing the number of shares delivered to the Optionee hereunder. To the extent the Bank Holding Company is unable to withhold and/or deduct any Taxes, the Optionee shall, upon notice from the Bank Holding Company, remit to the Bank Holding Company on demand the amount of such Taxes. FIRST INTERNATIONAL BANCORP, INC. By: /s/ Lxxxxx Xxxxxx X. Xxxxxxxxx Lxxxxx X. Xxxxxx X Xxxxxxxxx Its Executive Vice President EVP and Treasurer Agreed to and accepted this 7th 5th day of May, 19981999. Optionee acknowledges receipt of a copy of the Plan, a copy of which is annexed hereto, and represents that Optionee is familiar with the terms and provisions thereof, and hereby accepts this Option subject to all of the terms and provisions thereof. Optionee hereby agrees to accept as binding, conclusive and final all decisions or interpretations of the Board of Directors of the Bank Holding Company upon any questions arising under the Plan. By: /s/ Cxxxxx X. By:/s/ Xxxxxx Xxxxx Cxxxxx Xxxxxx Xxxxx FIRST INTERNATIONAL BANCORP, INC. AMENDED AND RESTATED 1996 STOCK OPTION PLANS 1. Purpose of the Plan. The purpose of the 1996 Stock Option Plans is to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to certain key Directors and officers of FIRST INTERNATIONAL BANCORP, INC. and any subsidiaries which FIRST INTERNATIONAL BANCORP, INC. presently owns or controls or may hereafter organize or acquire, and to promote the success of the business.