0001437749-22-007690 Sample Contracts

AGREEMENT FOR RESTRICTED STOCK GRANTED UNDER FINWARD BANCORP 2015 STOCK OPTION AND INCENTIVE PLAN
Restricted Stock Agreement • March 30th, 2022 • Finward Bancorp • Savings institution, federally chartered • Indiana

This Agreement has been entered into as of the ___ day of _______ between FINWARD BANCORP, an Indiana corporation (the “Corporation”), and _______________, a [employee/director] of the Corporation or one of its affiliates (the “Participant”), pursuant to the Corporation’s 2015 Stock Option and Incentive Plan (the “Plan”) and evidences and sets forth certain terms of the grant to the Participant pursuant to the Plan of an aggregate of ___ shares of Restricted Stock as of the date of this Agreement. Capitalized terms used herein and not defined herein have the meanings set forth in the Plan.

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INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • March 30th, 2022 • Finward Bancorp • Savings institution, federally chartered • Indiana

This INCENTIVE STOCK OPTION AGREEMENT (“Agreement”) has been entered into as of the day of 20___ between FINWARD BANCORP, an Indiana corporation (the “Company”), and _________________, an employee of the Company or one of its affiliates (“Participant”), pursuant to the Company’s 2015 Stock Option and Incentive Plan (the “Plan”).

NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • March 30th, 2022 • Finward Bancorp • Savings institution, federally chartered • Indiana

This Nonqualified Stock Option Agreement (“Agreement”) has been entered into as of the ___ day of _______ between FINWARD BANCORP, an Indiana corporation (the “Company”), and ___________, an [employee/director] of the Company or one of its affiliates (“Participant”), pursuant to the Company’s 2015 Stock Option and Incentive Plan (the “Plan”). Capitalized terms used herein and not defined herein have the meanings set forth in the Plan.

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