FORM OF NON-QUALIFIED STOCK OPTION AWARD AGREEMENT FOR OFFICERS AND EMPLOYEES CBM BANCORP, INC. NON-QUALIFIED STOCK OPTION AWARD AGREEMENT OFFICERForm of Non-Qualified Stock Option Award Agreement for Officers and Employees • May 20th, 2019 • CBM Bancorp, Inc. • Savings institution, federally chartered • Maryland
Contract Type FiledMay 20th, 2019 Company Industry JurisdictionThis stock option agreement (“Option” or “Agreement”) is and will be subject in every respect to the provisions of the 2019 Equity Incentive Plan (the “Plan”) of CBM BANCORP, INC. (the “Company”) which are incorporated herein by reference and made a part hereof, subject to the provisions of this Agreement. A copy of the Plan has been provided, or made available, to each person granted a stock option pursuant to the Plan. The holder of this Option (the “Participant”) hereby accepts this Option, subject to all the terms and provisions of the Plan and this Agreement, and agrees that all decisions under and interpretations of the Plan and this Agreement by the Compensation Committee of the Board of Directors of the Company (“Committee”) will be final, binding and conclusive upon the Participant and the Participant’s heirs, legal representatives, successors and permitted assigns. Except where the context otherwise requires, the term “Company” will include the parent and all present and futu