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EXHIBIT 10.2: FORM OF RESTRICTED STOCK AWARD AGREEMENT
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FORM OF
RESTRICTED STOCK AWARD AGREEMENT
FOR THE UNITED COMMUNITY BANCORP 2006 EQUITY INCENTIVE PLAN
This Award Agreement is provided to _______________ (the
"Participant")
by United Community Bancorp (the "Company") as of ___________,
the date the
Compensation Committee (the "Committee") awarded the Participant
a restricted
stock award pursuant to the United Community Bancorp 2006 Equity
Incentive Plan
(the "2006 Plan"), subject to the terms and conditions of the
2006 Plan and this
Award Agreement:
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1. NUMBER OF SHARES SUBJECT
TO YOUR RESTRICTED STOCK AWARD: _________ shares of Common Stock
("Shares"),
subject to adjustment as may be necessary
pursuant to Article 10 of the 2006 Plan.
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2. GRANT DATE: _________
Unless sooner vested in accordance with Section 3 of the Terms
and
Conditions (attached hereto) or otherwise in the discretion of
the Committee,
the restrictions imposed under Section 2 of the Terms and
Conditions will expire
as to the following percentages of the Shares awarded hereunder,
on the
following respective dates; provided that the Participant is
still employed by
or in service with the Company or any of its subsidiaries:
Percentage of Number of Shares
Shares Vesting Vesting Vesting Date
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IN WITNESS WHEREOF, United Community Bancorp, acting by and
through the
Compensation Committee of the Board of Directors, has caused
this Award
Agreement to be executed as of the Grant Date set forth
above.
UNITED COMMUNITY BANCORP
By:
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On behalf of the Compensation Committee
ACCEPTED BY PARTICIPANT:
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[Name]
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Date
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TERMS AND CONDITIONS
1. GRANT OF SHARES. The Grant Date and number of Shares
underlying your
Restricted Stock Award are stated on page 1 of this Award
Agreement.
Capitalized terms used herein and not otherwise defined shall
have the
meanings assigned to such terms in the 2006 Plan.
2. RESTRICTIONS. The unvested Shares underlying your Restricted
Stock
Award (the "Restricted Shares") are subject to the following
restrictions until they expire or terminate.
(a) Restricted Shares may not be sold, transferred,
exchanged,
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assigned, pledged, hypothecated or otherwise encumbered.
(b) If your employment or service with the Company or any
Affiliate
terminates for any reason other than as set forth in
paragraph
(b) of Section 3 hereof, then you will forfeit all of your
rights, title and interest in and to the Restricted Shares
as
of the date of termination, and the Restricted Shares shall
revert to the Company under the terms of the 2006 Plan.
(c) Restricted Shares are subject to the vesting schedule set
forth
on page 1 of this Award Agreement.
3. EXPIRATION AND TERMINATION OF
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