PERFORMANCE RESTRICTED STOCK UNIT AWARD AGREEMENTPerformance Restricted Stock Unit Award Agreement • April 17th, 2024 • Us Bancorp \De\ • National commercial banks • Delaware
THIS AGREEMENT, together with Exhibit A which is incorporated herein by reference (collectively, the “Agreement”), is made as of <GrantDate> (the “Grant Date”), by and between U.S. Bancorp (the “Company”) and <ParticipantName> (“Participant”), sets forth the terms and conditions of a performance restricted stock unit award (the “PSU Award”) representing the right to receive <Number of Target Awards Granted> shares of common stock of the Company, par value $0.01 per share (the “Common Stock”). The grant of this PSU Award is made pursuant to the Company’s 2024 Stock Incentive Plan, which was approved by shareholders on April 16, 2024 (as has been and may be further amended, the “Plan”) and is subject to the terms of the Agreement and the Plan. Capitalized terms that are not defined in the Agreement shall have the meaning ascribed to such terms in the Plan.
RESTRICTED STOCK UNIT AWARD AGREEMENTRestricted Stock Unit Award Agreement • April 17th, 2024 • Us Bancorp \De\ • National commercial banks • Delaware
THIS AGREEMENT (this “Agreement”) is made as of <Grant Date> (the “Grant Date”) by and between U.S. Bancorp (the “Company”) and <Participant Name> (“Participant”). This Agreement sets forth the terms and conditions of a restricted stock unit award (the “RSU Award”) representing the right to receive <Number of Awards Granted> shares of common stock of the Company, par value $0.01 per share (the “Common Stock”). The grant of the RSU Award is made pursuant to the Company’s 2024 Stock Incentive Plan, which was approved by shareholders on April 16, 2024 (as may be further amended, the “Plan”) and is subject to the terms of this Agreement and the Plan. Capitalized terms that are not defined in this Agreement shall have the meaning ascribed to such terms in the Plan.
