RESTRICTED STOCK AGREEMENT
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PURSUANT TO THE
ROEBLING BANK
1999 RESTRICTED STOCK PLAN
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FOR OFFICERS AND EMPLOYEES
This Agreement shall constitute an award of Restricted Stock ("Award")
for a total of ________ shares of Common Stock of Roebling Financial Corp, Inc.
(the "Company"), which is hereby granted to ________ (the "Participant") at the
price determined as provided herein, and in all respects subject to the terms,
definitions and provisions of the Roebling Bank 1999 Restricted Stock Plan (the
"Plan") adopted by Roebling Bank (the "Bank") which is incorporated by reference
herein, receipt of which is hereby acknowledged.
1. Purchase Price. The purchase price for each share of Common Stock
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awarded by this Agreement is $0.00.
2. Vesting of Plan Awards. The Award of such Common Stock shall be deemed
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non-forfeitable in accordance with the provisions of the Plan, provided the
holder of such Award is an employee, director or director emeritus of the Bank
as of such date, as follows:
(a) Schedule of Vesting of Awards.
Number Percentage of Total Shares
of Awarded Which Are
Date Shares Non-forfeitable
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Upon grant..................... ______ 20%
As of January 25, 2000......... ______ 40%
As of January 25, 2001......... ______ 60%
As of January 25, 2002......... ______ 80%
As of January 25, 2003......... ______ 100%
(b) Restrictions on Awards. This Award may not be delivered to the
recipient if the issuance of the Shares pursuant to the Award would constitute a
violation of any applicable federal or state securities or other law or valid
regulation. As a condition to the Participant's receipt of this Award, the Bank
may require the person
receiving this Award to make any representation and warranty to the Bank as may
be required by any applicable law or regulation.
3. Non-transferability of Award. This Award may not be transferred in any
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manner prior to such Award, or portion thereof, being deemed non-forfeitable.
Notwithstanding anything herein or in the Plan to the contrary, all Shares
subject to an Award held by a Participant whose employment or service with the
Bank terminates due to death shall be deemed 100% earned and nonforfeitable as
of the Participant's last date of employment or service with the Bank and shall
be distributed as soon as practicable thereafter to the Beneficiary as set forth
in accordance with the Plan.
4. Other Restrictions on Award. This Award shall be subject to such other
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restrictions and limitations as are contained in the Plan or as determined by
the Plan Committee administering such Plan. Such Award shall be immediately 100%
vested upon death or disability (as determined by the Plan Committee) of the
Participant or upon a change in control of the Bank or the Company, subject to
limitations under applicable regulations and policies of the Office of Thrift
Supervision.
Roebling Bank
Date of Grant: By:
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Attest:
[SEAL]
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