VALLEY NATIONAL BANCORP PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENTPerformance Restricted Stock Unit Award Agreement • February 27th, 2015 • Valley National Bancorp • National commercial banks • New Jersey
VALLEY NATIONAL BANCORP, a New Jersey corporation (the “Company”), this ________________, 20__ (the “Award Date”), hereby grants to ______________, an employee of the Company (the “Employee”), pursuant to the Company’s 2009 Long-Term Stock Incentive Plan, as amended (the “Plan”), [target # of RSUs] restricted stock units at target (“Target Award Amount”). Each restricted stock unit (“Unit”) represents the unfunded right to receive one share of the Common Stock, no par value, of the Company (“Share”), subject to the restrictions set forth herein on the terms and conditions hereinafter set forth (the “Award”).
