ESCROW AGREEMENT FOR RESTRICTED STOCK AWARDEscrow Agreement for Restricted Stock Award • May 27th, 2009 • Valley National Bancorp • National commercial banks
This ESCROW AGREEMENT, dated, is by and among (the “Grantee”), VALLEY NATIONAL BANCORP (the “Company”) and VALLEY NATIONAL BANK, with offices at 1455 Valley Road, Wayne, New Jersey, (the “Escrow Agent”).
Name of Employee: _______________________________________________________ Number of Shares: ___________________________________________ Initially in Escrow: _________________________________Escrow Agreement for Restricted Stock Award • December 2nd, 2004 • Valley National Bancorp • National commercial banks
ESCROW AGREEMENT FOR RESTRICTED STOCK AWARD This ESCROW AGREEMENT, dated ___________________ is by and among _________________________________________ (the “Grantee”), VALLEY NATIONAL BANCORP (the “Company”) and VALLEY NATIONAL BANK, with offices at 1455 Valley Road, Wayne, New Jersey, (the “Escrow Agent”). Background The Company and the Grantee have entered into a Restricted Stock Award Agreement (“Award Agreement”) dated the same date as this Agreement, pursuant to which the Company has granted the Grantee __________________________________ shares of the Common Stock, no par value, of the Company (the “Shares”) subject to the restrictions set forth in Section 8 of the Company’s 1999 Long-Term Stock Incentive Plan (the “Plan”). The Award Agreement requires the execution and delivery of this Escrow Agreement. NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, the parties hereto agree as follows: 1. Appointment of Escrow Agent;
