| | | | | |
| Granted To: | [NAME] |
| Date of Grant: | [GRANT DATE] |
| Number of Time-Vested RSUs Granted: | [TOTAL AWARD] |
| Restricted Period: | Unless your Award is forfeited before the end of the Restricted Period, the Restricted Period will end three years after the Date of Grant. |
| Death, Disability or Retirement: | Your Award will vest and Shares will be delivered to you upon your death, Disability or Retirement; provided, however, if an Award becomes payable upon Retirement (and such Retirement constitutes a separation of service under Section 409A), such Award will not be paid until the date that is six months following your Retirement date. |
Change of Control:
| In the event of a termination of Continuous Service without Cause during the 12-month period following a Change of Control, the Restricted Period will expire with respect to 100% of your RSUs as of the date of your termination. |
Right to Dividend Equivalents:
| Each RSU may be credited with Dividend Equivalents. |
| Clawback: | Your Award is subject to Fulton’s Compensation Recovery Clawback Policy, as amended or restated. |
Forfeiture:
| Your Award is subject to forfeiture until the expiration of the Restricted Period, including all Dividend Equivalents, pursuant to the terms of the 2022 Plan. |
| Continuous Service | Except as otherwise set forth in the 2022 Plan, Continuous Service is required for your Award to vest. |
Net Settlement of Award:
| Upon the lapse of the forfeiture restrictions with respect to my Award, I authorize the withholding of Shares from my Award for the payment of some or all of my federal, state or local taxes. |
| Timing of Award Payment: | Payment will be made no earlier than the end of the Restricted Period. |