0001558370-21-001366 Sample Contracts

alerus financial corporation
Restricted Stock Unit Award Agreement • February 22nd, 2021 • Alerus Financial Corp • National commercial banks • 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”).

Sample 1Sample 2
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alerus financial corporation
Alerus Financial Corp • February 22nd, 2021 • National commercial banks • 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”).

Sample 1Sample 2
alerus financial corporation
Alerus Financial Corp • February 22nd, 2021 • National commercial banks • 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”).

Sample 1
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