0001193125-13-087415 Sample Contracts

STOCK OPTION AGREEMENT (Under the People’s United Financial, Inc. 2008 Long- Term Incentive Plan) Granted To: [NAME] (“you” or the “Participant”)
Stock Option Agreement • March 1st, 2013 • 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 [SPECIFY NUMBER] shares of the Company’s Common Stock (the “Optioned Shares”) at an Option Price of $[PRICE] per share, representing the Fair Market Value of the Common Stock on [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 [NAME]: (“you” or the “Participant”)
Restricted Stock Agreement • March 1st, 2013 • 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 [SPECIFY NUMBER] 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.

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