0001193125-17-165806 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 • May 10th, 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 • May 10th, 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.

PERFORMANCE SHARE GRANT AGREEMENT
Performance Share Grant Agreement • May 10th, 2017 • People's United Financial, Inc. • Savings institution, federally chartered • Connecticut

THIS PERFORMANCE SHARE GRANT AGREEMENT (this “Agreement”) is made as of the Award Date shown above by People’s United Financial, Inc., a Delaware corporation, and its subsidiaries (the “Company”), and is hereby communicated to the employee named above (the “Employee”). Undefined capitalized terms used in this Agreement shall have the meanings set forth in the Company’s 2014 Long-Term Incentive Plan as may be amended from time to time (the “Plan”); provided, that the term “Retirement” shall mean any “Retirement” as defined in the Plan that occurs on or after the first anniversary of the Grant Date.

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