0001193125-17-065121 Sample Contracts

STOCK OPTION AGREEMENT (Under the People’s United Financial, Inc. 2014 Long- Term Incentive Plan) Granted To: (“you” or the “Participant”)
Stock Option Agreement • March 1st, 2017 • People's United Financial, Inc. • Savings institution, federally chartered

In accordance with the terms of the People’s United Financial, Inc. 2014 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 $ 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. 2014 Long-Term Incentive Plan) Granted To: (“you” or the “Participant”)
Restricted Stock Agreement • March 1st, 2017 • People's United Financial, Inc. • Savings institution, federally chartered

In accordance with the terms of the People’s United Financial, Inc. 2014 Long-Term Incentive Plan (the “Plan”), People’s United is pleased to grant you an award (the “Award”) of 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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