0001558370-21-003683 Sample Contracts

INCENTIVE STOCK OPTION AGREEMENT FOR EMPLOYEE
Stock Option Agreement • March 30th, 2021 • Partners Bancorp • State commercial banks • Virginia

This Incentive Stock Option Agreement evidences the grant of an Incentive Stock Option (“Option”) to {NAME} (the “Participant”) pursuant to Article VI of the Virginia Partners Bank 2008 Incentive Stock Plan (the “Plan”). This Agreement also describes the terms and conditions of the Option evidenced by this Agreement.

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INCENTIVE STOCK OPTION AGREEMENT FOR EMPLOYEE
Incentive Stock Option Agreement • March 30th, 2021 • Partners Bancorp • State commercial banks • Virginia

This Incentive Stock Option Agreement evidences the grant of an Incentive Stock Option (“Option”) to {NAME} (the “Participant”) pursuant to Article VI of the Virginia Partners Bank 2015 Incentive Stock Plan (the “Plan”). This Agreement also describes the terms and conditions of the Option evidenced by this Agreement.

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