M&T BANK CORPORATION 2009 EQUITY INCENTIVE COMPENSATION PLAN ANNUAL STOCK BASE SALARY AWARD AGREEMENTAnnual Stock Base Salary Award Agreement • January 25th, 2010 • M&t Bank Corp • State commercial banks • New York
M&T Bank Corporation (the “Company”), pursuant to action of the Nomination, Compensation and Governance Committee (the “Committee”),has determined that going forward and until the Committee determines otherwise, Grantee shall be entitled to additional base salary during your employment with the Company, on an annualized basis, in the amount of Annual Stock Base Salary indicated above. The Annual Stock Base Salary shall be paid to you in shares of Common Stock of the Company pursuant to the M&T Bank Corporation 2009 Equity Incentive Compensation Plan (the “Plan”) and is subject to the terms and conditions of the Plan and this Agreement. As used herein, the term “Agreement” shall mean, collectively, this cover page and the related Terms and Conditions of Annual Stock Base Salary Award delivered to the Grantee with this cover page. Capitalized terms used in this Agreement without definition shall have the meanings assigned to them in the Plan. A copy of the Plan can be viewed and download
