0000893220-06-000632 Sample Contracts

PERFORMANCE UNIT AWARD AGREEMENT
Performance Unit Award Agreement • March 21st, 2006 • Sovereign Bancorp Inc • Savings institution, federally chartered • Pennsylvania

AGREEMENT, made as of the 15th day of March 2006, between SOVEREIGN BANCORP, INC., a Pennsylvania corporation (the “Corporation”), and JAY S. SIDHU (the “Employee”).

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