0001104659-24-065575 Sample Contracts

alerus financial corporation
Alerus Financial Corp • May 28th, 2024 • National commercial banks • Delaware

The Participant specified below is hereby granted a restricted stock unit award (the “Award”) by Alerus Financial Corporation, a Delaware corporation (the “Company”), under the Alerus Financial Corporation 2019 Equity Incentive Plan (the “Plan”). The Award shall be subject to the terms of the Plan and the terms set forth in this Performance-Based Restricted Stock Unit Award Agreement (“Award Agreement”).

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EXECUTIVE SEVERANCE AGREEMENT
Executive Severance Agreement • May 28th, 2024 • Alerus Financial Corp • National commercial banks • Minnesota

This Executive Severance Agreement (“Agreement”) is made and entered into between Alerus Financial Corporation, a Delaware corporation (the “Company”), and Katie Lorenson (the “Employee”).

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