NON-QUALIFIED STOCK OPTION AWARD AGREEMENTNon-Qualified Stock Option Award Agreement • May 10th, 2022 • William Penn Bancorporation • Savings institutions, not federally chartered • Delaware
We are pleased to advise you that the Compensation Committee (the “Committee”) of the Board of Directors of William Penn Bancorporation (the “Company”) has granted you a non-qualified stock option award pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”) on [DATE] (the “Grant Date”). Capitalized terms used but not defined in this Non-Qualified Stock Option Award Agreement (the “Agreement”) have the meanings given to them in the Plan. This award is subject to federal and local law and the requirements of the NASDAQ Stock Market LLC.
TIME-BASED RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • May 10th, 2022 • William Penn Bancorporation • Savings institutions, not federally chartered • Delaware
We are pleased to advise you that the Compensation Committee (the “Committee”) of the Board of Directors of William Penn Bancorporation (the “Company”) has granted you a restricted stock award (the “Award”) pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”) on [DATE] (the “Grant Date”). Capitalized terms used but not defined in this Time-Based Restricted Stock Award Agreement (the “Agreement”) have the meanings given to them in the Plan. This award is subject to federal and local law and the requirements of the NASDAQ Stock Market LLC.
PERFORMANCE-BASED RESTRICTED STOCK AWARD AGREEMENTRestricted Stock Award Agreement • May 10th, 2022 • William Penn Bancorporation • Savings institutions, not federally chartered • Delaware
We are pleased to advise you that the Compensation Committee (the “Committee”) of the Board of Directors of William Penn Bancorporation (the “Company”) has granted you a restricted stock award (the “Award”) pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”) on [DATE] (the “Grant Date”). Capitalized terms used but not defined in this Performance-Based Restricted Stock Award Agreement (the “Agreement”) have the meanings given to them in the Plan. This award is subject to federal and local law and the requirements of the NASDAQ Stock Market LLC.
TIME-BASED RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • May 10th, 2022 • William Penn Bancorporation • Savings institutions, not federally chartered • Delaware
We are pleased to advise you that the Compensation Committee (the “Committee”) of the Board of Directors of William Penn Bancorporation (the “Company”) has granted you a restricted stock unit award (the “Award”) pursuant to the William Penn Bancorporation 2022 Equity Incentive Plan (the “Plan”) on [DATE] (the “Grant Date”). Capitalized terms used but not defined in this Restricted Stock Unit Award Agreement (the “Agreement”) have the meanings given to them in the Plan. This award is subject to federal and local law and the requirements of the NASDAQ Stock Market LLC.
