FARMERS AND MERCHANTS BANCSHARES, INC RESTRICTED STOCK UNIT (RSU) AWARD AGREEMENT (Time-Vesting) (Share-Settled)Restricted Stock Unit • November 15th, 2023 • Farmers & Merchants Bancshares, Inc. • Savings institutions, not federally chartered • Maryland
THIS RESTRICTED STOCK UNIT (RSU) AWARD AGREEMENT (this “Agreement”) is made as of the Grant Date set forth above by and between Farmers and Merchants Bancshares, Inc., a Maryland corporation (the “Company”), and the Participant.
