Granted To: | [PARTICIPANT_NAME] | ||||
Date of Grant: | [GRANT_DATE] | ||||
Number of Time-Vested RSUs Granted: | [TOTAL_AWARDS] | ||||
Restricted Period: | Unless your Award is forfeited before the end of the Restricted Period, the Restricted Period will end one year 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 (unless a deferral election has been made with respect to the Shares). | ||||
Change in Control: | In the event of a termination of Continuous Service during the 12-month period following a Change in Control, the Restricted Period will immediately expire. | ||||
Right to Dividend Equivalents: | Each RSU (representing one Share) may be credited with Shares equivalent to all the dividends paid with respect to the outstanding Common Stock paid by Fulton in respect of one Share. | ||||
Forfeiture: | Your Award is subject to forfeiture until the expiration of the Restricted Period, including all Dividend Equivalents, pursuant to the terms of the 2023 Plan. | ||||
Deferral: | [You have not elected to defer the payment of the Shares underlying the RSUs at the end of the Restricted Period, and you will receive payment of the Shares together with the accumulated Dividend Equivalents in Common Stock at the end of the Restricted Period.] [You have elected to defer payment of the Shares underlying the RSUs at the end of the Restricted Period together with any accumulated Dividend Equivalents, and you will receive [a single issuance] [three annual installments] of Shares and accrued Dividend Equivalents in accordance with your deferral election.] | ||||
Timing of Award Payment: | Unless otherwise expressly set forth herein, payment will be made in the form of Shares within 60 days following the end of the Restricted Period. | ||||