Amendment to Restricted Stock Award Agreements between Prime Meridian Holding Company and Sammie D. Dixon, Jr.
This amendment, effective October 20, 2022, modifies the Restricted Stock Award Agreements between Prime Meridian Holding Company and Sammie D. Dixon, Jr. for awards granted in 2019, 2020, 2021, and 2022. The key change is that all shares of restricted stock will now fully vest if Mr. Dixon's employment ends for any reason. All other terms of the original agreements remain unchanged.
Exhibit 10.2
PRIME MERIDIAN HOLDING COMPANY
AMENDMENTS TO
RESTRICTED STOCK AWARD AGREEMENTS
These Amendments were entered into October 20, 2022, and amend each Restricted Stock Award Agreement (each, an “Agreement”) by and between Prime Meridian Holding Company (the “Company”) and Sammie D. Dixon, Jr. (the “Grantee”), dated as of February 19, 2019, January 16, 2020, January 21, 2021, and February 1, 2022. Except as specifically amended hereby, each Agreement shall remain unchanged.
Sections 3(b), (c), and (d) are each deleted and replaced with a new Section 3(b), which shall read:
Notwithstanding Section 3(a), the interest of Grantee in all of the shares of Restricted Stock comprising the Award shall vest upon the termination of the Grantee’s employment for any reason.
IN WITNESS WHEREOF, the undersigned have executed these Amendments effective on the date first set above.
PRIME MERIDIAN HOLDING COMPANY
By: /s/ Kenneth “Casey” Compton /s/ Sammie D. Dixon
Kenneth “Casey” Compton Sammie D. Dixon, Jr.
Chair of the Compensation Committee Vice Chairman, President and CEO
