FORM OFIncentive Stock Option Agreement • June 21st, 2019 • Severn Bancorp Inc • National commercial banks • Maryland
This incentive stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of Severn Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and a Plan prospectus have been provided or made available to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” will include the parent a
FORM OFNon-Qualified Stock Option Agreement • June 21st, 2019 • Severn Bancorp Inc • National commercial banks
This non-qualified stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of Severn Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and a Plan prospectus have been provided or made available to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” will include the pare
RESTRICTED STOCK AWARD AGREEMENT Granted by SEVERN BANCORP, INC. under the SEVERN BANCORP, INC.Restricted Stock Award Agreement • June 21st, 2019 • Severn Bancorp Inc • National commercial banks • Maryland
This restricted stock award agreement (“Restricted Stock Award” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of Severn Bancorp, Inc. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan and a Plan prospectus have been provided or made available to each person granted a Restricted Stock Award pursuant to the Plan. The holder of this Restricted Stock Award (the “Participant”) hereby accepts this Restricted Stock Award, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the committee responsible for administering the Plan (the “Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherw
Exhibit A AGREEMENT RELATING TO JOINT FILING OF SCHEDULE 13GJoint Filing Agreement • February 11th, 2005 • Severn Bancorp Inc • National commercial banks
This Agreement and the filing of the Schedule 13G shall not be construed to be an admission that any of the undersigned is a member of a "group" consisting of one or more of such persons pursuant to Section 13(g) of the Securities Exchange Act of 1934, as amended and the rules thereunder.
Directorate and Management Changes.Supervisory Agreement • March 15th, 2010 • Severn Bancorp Inc • National commercial banks
AGREEMENT AND PLAN OF MERGER DATED AS OF MARCH 3, 2021 BY AND BETWEEN SHORE BANCSHARES, INC. AND SEVERN BANCORP, INC.Merger Agreement • March 4th, 2021 • Severn Bancorp Inc • National commercial banks • Maryland
NOW, THEREFORE, in consideration of the premises and of the mutual covenants, representations, warranties and agreements contained herein the parties to this Agreement agree as follows:
EMPLOYMENT AGREEMENTEmployment Agreement • August 29th, 2019 • Severn Bancorp Inc • National commercial banks • Maryland
THIS EMPLOYMENT AGREEMENT, dated as of this 27th day of August, 2019 (the “Effective Date”), by and between Severn Bancorp, Inc. and/or Severn Bank (sometimes collectively referred to as “SVBI”), “collectively, the “Company” and Vance W. Adkins (the “Executive”).
THE UNITS (AND UNDERLYING SECURITIES) WHICH ARE THE SUBJECT OF THIS SUBSCRIPTION AGREEMENT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS. THE UNITS (AND UNDERLYING SECURITIES) ACQUIRED BY INVESTORS...Subscription Agreement • November 18th, 2008 • Severn Bancorp Inc • National commercial banks • Maryland
This Subscription Agreement, the Confidential Private Placement Memorandum and the Exhibits attached thereto are highly confidential. This Subscription Agreement does not constitute an offer to any person other than the subscriber named below or to the public generally to subscribe for or otherwise acquire any Units. No one is permitted to distribute this Subscription Agreement, the Confidential Private Placement Memorandum and the Exhibits attached thereto to any person other than the subscriber and those persons, if any, retained to advise such subscriber, and any disclosure of any of the contents hereof without our prior written consent is prohibited. Each prospective purchaser, by accepting delivery of this Subscription Agreement, the Confidential Private Placement Memorandum and the Exhibits attached thereto, agrees to the foregoing and to make no photocopies of this Subscription Agreement or the Confidential Private Placement Memorandum and the Exhibits attached thereto or any do
AGREEMENT BY AND BETWEEN Severn Savings Bank, FSB Annapolis, MD and The Comptroller of the CurrencyBanking Compliance Agreement • May 8th, 2013 • Severn Bancorp Inc • National commercial banks
Severn Savings Bank, FSB ("Association") and the Comptroller of the Currency of the United States of America ("Comptroller") wish to protect the interests of the depositors, other customers, and shareholders of the Association, and, toward that end, wish the Association to operate safely and soundly and in accordance with all applicable laws, rules and regulations.
SEVERN BANCORP, INC. COMMON STOCK OPTION AGREEMENTCommon Stock Option Agreement • March 20th, 2006 • Severn Bancorp Inc • National commercial banks
This Common Stock Option Agreement (this "Agreement") is entered into this ____ day of ____________, 2006, by and between Severn Bancorp, Inc., a Maryland corporation ("Bancorp") and ("Optionee") (all capitalized terms not defined herein shall have the meanings ascribed to them in the Plan).
SEPARATION AGREEMENT AND RELEASESeparation Agreement • June 14th, 2019 • Severn Bancorp Inc • National commercial banks • Maryland
This SEPARATION AGREEMENT AND RELEASE (“Agreement”) is made and entered into on this 10th day of June, 2019, by and between Paul Susie (“Employee”) and Severn Savings Bank, FSB (the “Bank” or “Company”). Each may be referred to herein as a “Party” and, collectively, as the “Parties.”
WITNESSETHEmployment Agreement • April 15th, 2002 • Severn Bancorp Inc • Savings institution, federally chartered • Maryland
ContractSecurity Agreement • November 18th, 2008 • Severn Bancorp Inc • National commercial banks • Maryland
THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, REGISTRATION. THE HOLDER OF THIS SECURITY, BY ITS ACCEPTANCE HEREOF, AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY ONLY (A) TO SEVERN BANCORP, INC. OR ANY SUBSIDIARY THEREOF, (B) PURSUANT TO A REGISTRATION STATEMENT WHICH HAS BEEN DECLARED EFFECTIVE UNDER THE SECURITIES ACT, OR (C) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT, SUBJECT TO SEVERN BANCORP, INC.’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSE (C) TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION SATISFACTORY, AND IN EA
ContractSupervisory Agreement • March 15th, 2010 • Severn Bancorp Inc • National commercial banks
CHANGE IN CONTROL AGREEMENTChange in Control Agreement • January 3rd, 2020 • Severn Bancorp Inc • National commercial banks • Maryland
This Change in Control Agreement (this “Agreement”) is made effective as of this 30th day of December, 2019, by and among Severn Bancorp, Inc. (the “Company”), a Maryland corporation, Severn Savings Bank, FSB (the “Bank”), a wholly-owned subsidiary of the Company, and Alan J. Hyatt (“Executive”).
UNITED STATES DEPARTMENT OF THE TREASURYSecurities Purchase Agreement • December 29th, 2017 • Severn Bancorp Inc • National commercial banks
Reference is made to that certain letter agreement incorporating the Securities Purchase Agreement – Standard Terms (the “Securities Purchase Agreement”), dated as of November 21, 2008, between the United States Department of the Treasury (the “Investor”) and the company set forth on Schedule A hereto (the “Company”). Further reference is made to that certain placement agency agreement (the “Placement Agency Agreement”), dated as of September 12, 2013, pusuant to which the Investor sold its Preferred Share investment in the Company (the “Preferred Share Resale”). Capitalized terms used but not defined herein shall have the meanings assigned to them in the Securities Purchase Agreement.
