0001193125-12-089553 Sample Contracts

STOCK OPTION AGREEMENT (Under the People’s United Financial, Inc. 2008 Long- Term Incentive Plan) Granted To: NUF_OptioneeName_First_MI_Last (“you” or the “Participant”)
Stock Option Agreement • February 29th, 2012 • People's United Financial, Inc. • Savings institution, federally chartered

In accordance with the terms of the People’s United Financial, Inc. 2008 Long-Term Incentive Plan (the “Plan”), People’s United Financial, Inc. (the “Company) is pleased to grant you a non-statutory stock option (the “Option”) to purchase Granted shares of the Company’s Common Stock (the “Optioned Shares”) at an Option Price of Grant_Price per share, representing the Fair Market Value of the Common Stock on Grant_Date. The Option is exercisable at the times specified in Section 3 of this Agreement, and is subject to the other terms and conditions contained in this Agreement and in the Plan.

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RESTRICTED STOCK AGREEMENT (Under the People’s United Financial, Inc. 2008 Long-Term Incentive Plan) Granted to: NUF_OptioneeName_First_MI_Last (“you” or the “Participant”)
Restricted Stock Agreement • February 29th, 2012 • People's United Financial, Inc. • Savings institution, federally chartered

In accordance with the terms of the People’s United Financial, Inc. 2008 Long-Term Incentive Plan (the “Plan”), People’s United is pleased to grant you an award (the “Award”) of Granted shares of People’s United Financial, Inc. (the “Company”) Common Stock (the “Shares”). The Shares granted to you under this Agreement are subject to the restrictions set forth in Section 3 hereof and to the other terms and conditions set forth in this Agreement and in the Plan.

CHANGE IN CONTROL AGREEMENT
Change in Control Agreement • February 29th, 2012 • People's United Financial, Inc. • Savings institution, federally chartered • Connecticut

THIS CHANGE IN CONTROL AGREEMENT (this “Agreement”) is entered into as of the day of , 20 between People’s United Financial, Inc. (the “Company”), and , an officer of the Company or its wholly-owned subsidiary, People’s United Bank (the “Bank”) or one of the Bank’s wholly-owned subsidiaries (the “Executive”).

PEOPLE’S UNITED FINANCIAL, INC. STOCK OPTION AGREEMENT Granted to: NUF_Last Name, First Name (“you” or the “Participant”)
Stock Option Agreement • February 29th, 2012 • People's United Financial, Inc. • Savings institution, federally chartered

In accordance with the terms of the People’s United Financial, Inc. 2007 Stock Option Plan (the “Plan”), People’s United Financial, Inc. (“People’s United”) is pleased to grant you a Non-Qualified Stock Option (the “Option”) to purchase Granted shares of People’s United Common Stock (the “Optioned Shares”). The Option is exercisable at the times specified in Section 3 of this Agreement, and is subject to the other terms and conditions contained in this Agreement and in the Plan.

As of January 20, 2011
Consulting Agreement • February 29th, 2012 • People's United Financial, Inc. • Savings institution, federally chartered • Connecticut

In connection with the anticipated merger (the “Merger”) among People’s United Financial, Inc. (the “Acquiror”) and Danvers Bancorp, Inc. (the “Seller”) contemplated by the Agreement and Plan of Merger, dated as of January 20, 2011 (the “Merger Agreement”), the Acquiror, People’s United Bank (the “Acquiror Bank”) (Acquiror and Acquiror Bank are referred to collectively herein as the “Buyer”) and you are hereby entering into this Consulting Agreement (this “Agreement”).

PEOPLE’S UNITED FINANCIAL, INC. RESTRICTED STOCK AGREEMENT Granted to: NUF_OptioneeName_First_MI_Last (“you” or the “Participant”)
Restricted Stock Agreement • February 29th, 2012 • People's United Financial, Inc. • Savings institution, federally chartered

In accordance with the terms of the People’s United Financial, Inc. 2007 Recognition and Retention Plan (the “Plan”), People’s United Financial, Inc. (“People’s United”) is pleased to grant you an award (the “Award”) of Granted shares of People’s United Common Stock (the “Shares”). The Shares granted to you under this Agreement are subject to the restrictions set forth in Section 3 hereof and to the other terms and conditions set forth in this Agreement and in the Plan.

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