CROGHAN BANCSHARES, INC. AMENDED AND RESTATED 2002 STOCK OPTION AND INCENTIVE PLAN INCENTIVE STOCK OPTION AWARD AGREEMENTIncentive Stock Option Award Agreement • March 28th, 2011 • Croghan Bancshares Inc • State commercial banks • Ohio
Croghan Bancshares, Inc. (the “Company”) hereby grants the undersigned Participant a compensatory option to purchase Common Shares of the Company (the “Option”), subject to the terms and conditions described in the Croghan Bancshares, Inc. Amended and Restated 2002 Stock Option and Incentive Plan (the “Plan”) and this Incentive Stock Option Award Agreement (this “Award Agreement”). The Option is intended to qualify as an “incentive stock option” under Section 422 of the Code. If for any reason the Option does not qualify as an incentive stock option, then, to the extent it does not so qualify, the option will be treated as a Non-Qualified Stock Option.
