CARTER BANKSHARES, INC. FORM OF PERFORMANCE UNIT AGREEMENT Granted <<AWARD DATE>>Performance Unit Agreement • December 12th, 2023 • Carter Bankshares, Inc. • National commercial banks • Virginia
This Performance Unit Agreement (this “Agreement”) is entered into and effective as of <<AWARD DATE>> (the “Award Date”) pursuant to Article XI of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”) and evidences the grant of performance units and the terms, conditions and restrictions pertaining thereto (the “Award”) to <<NAME>> (the “Participant”).
CARTER BANKSHARES, INC. FORM OF TIME-BASED RESTRICTED STOCK AGREEMENT Granted <<Award Date>>Time-Based Restricted Stock Agreement • December 12th, 2023 • Carter Bankshares, Inc. • National commercial banks • Virginia
This Time-Based Restricted Stock Agreement (this “Agreement”) is entered into and effective as of <<Award Date>> (the “Award Date”) pursuant to Article VII of the Carter Bankshares, Inc. Amended and Restated 2018 Omnibus Equity Incentive Plan (the “Plan”), and evidences the grant of Restricted Stock and the terms, conditions and restrictions pertaining thereto (the “Award”) to <<Name>> (the “Participant”).
