CORDIA BANCORP, INC. INDUCEMENT RESTRICTED STOCK AWARD GRANT NOTICE AND AWARD AGREEMENTInducement Restricted Stock Award Agreement • November 14th, 2013 • Cordia Bancorp Inc • State commercial banks • Virginia
As an inducement material to the decision by the holder listed below (the “Grantee”) to accept employment with Cordia Bancorp, Inc., a Virginia corporation (the “Company”), and pursuant to the offer letter dated August 29, 2013, the Company hereby grants to the Grantee an award (the “Award”) of restricted shares of Company common stock. This Award is subject to all of the terms and conditions set forth in this Inducement Restricted Stock Grant Notice (the “Grant Notice”) and the Restricted Stock Award Agreement attached hereto as Exhibit A (the “Agreement”), which is incorporated herein by reference. This Award is made and granted as a stand-alone award and is not granted under or pursuant to the Company’s 2011 Stock Incentive Plan (the “Plan”). However, unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Grant Notice and the Agreement.
