0001558370-21-001366 Sample Contracts

alerus financial corporation

Performance-Based Restricted Stock Unit Award Agreement • February 22nd, 2021 • Alerus Financial Corp • National commercial banks • Delaware

• Contract Type
  Performance-Based Restricted Stock Unit Award Agreement
• Filed
  February 22nd, 2021
• Company
  Alerus Financial Corp
• Industry
  National commercial banks
• Jurisdiction
  Delaware

The Participant specified below is hereby granted a restricted stock unit award (the “Award”) by Alerus Financial Corporation, a Delaware corporation (the “Company”), under the Alerus Financial Corporation 2019 Equity Incentive Plan (the “Plan”). The Award shall be subject to the terms of the Plan and the terms set forth in this Performance-Based Restricted Stock Unit Award Agreement (“Award Agreement”).

alerus financial corporation

Time-Based Restricted Stock Unit Award Agreement • February 22nd, 2021 • Alerus Financial Corp • National commercial banks • Delaware

• Contract Type
  Time-Based Restricted Stock Unit Award Agreement
• Filed
  February 22nd, 2021
• Company
  Alerus Financial Corp
• Industry
  National commercial banks
• Jurisdiction
  Delaware

The Participant specified below is hereby granted a restricted stock unit award (the “Award”) by Alerus Financial Corporation, a Delaware corporation (the “Company”), under the Alerus Financial Corporation 2019 Equity Incentive Plan (the “Plan”). The Award shall be subject to the terms of the Plan and the terms set forth in this Time-Based Restricted Stock Unit Award Agreement (“Award Agreement”).