0001437749-21-005133 Sample Contracts

MERCANTILE BANK CORPORATION STOCK INCENTIVE PLAN OF 2020 PERFORMANCE-BASED RESTRICTED STOCK AWARD AGREEMENT NOTIFICATION OF AWARD AND TERMS AND CONDITIONS OF AWARD
Performance-Based Restricted Stock Award Agreement • March 5th, 2021 • Mercantile Bank Corp • State commercial banks • Michigan

This Performance-Based Restricted Stock Award Agreement (the “Agreement”) contains the terms and conditions of the performance-based restricted stock award granted to you by Mercantile Bank Corporation, a Michigan corporation (the “Company”), under the Mercantile Bank Corporation Stock Incentive Plan of 2020, as amended from time to time (the "Plan").

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