0000883948-23-000027 Sample Contracts

ATLANTIC UNION BANKSHARES CORPORATION PERFORMANCE SHARE UNIT AGREEMENT Granted <<GRANT DATE>>
Performance Share Unit Agreement • February 24th, 2023 • Atlantic Union Bankshares Corp • State commercial banks • Virginia

This Performance Share Unit Agreement (this “Agreement”) is entered into as of <<GRANT DATE>> pursuant to Article X of the Atlantic Union Bankshares Corporation Stock and Incentive Plan, as amended from time to time (the “Plan”), and evidences the grant, and the terms, conditions and restrictions pertaining thereto, of Performance Share Units to <<NAME>> (the “Participant”).

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FORM OF SEVERANCE AGREEMENT AND RELEASE OF CLAIMS
Severance Agreement • February 24th, 2023 • Atlantic Union Bankshares Corp • State commercial banks • Virginia

This Severance Agreement and Release of Claims (“Agreement”) is made by and between [NAME] (“Executive”), on the one hand, and Atlantic Union Bank (the “Bank”) and Atlantic Union Bankshares Corporation, a Virginia corporation (“Atlantic Union”), on the other (hereinafter the Bank and Atlantic Union are individually and collectively referred to as the “Company”).

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