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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 KENTUCKY FIRST FEDERAL BANCORP 2005 EQUITY INCENTIVE
PLAN
This Award Agreement is provided to _______________ (the
"Participant") by
Kentucky First Federal Bancorp (the "Company") as of
___________, the date the [
______ COMMITTEE] (the "Committee") awarded the Participant
restricted stock
award pursuant to the Kentucky First Federal Bancorp 2005 Equity
Incentive Plan
(the "2005 Plan"), subject to the terms and conditions of the
2005 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 11 of the 2005 Plan.
2. GRANT DATE: _________
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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 percentage of the Shares awarded hereunder, on
the following
respective dates; provided that Participant is then still
employed by or in
service with the Company or any of its subsidiaries:
Percentage of Number of Shares
Shares Vesting Vesting Vesting Date
_____ _____ _____
_____ _____ _____
_____ _____ _____
_____ _____ _____
_____ _____ _____
IN WITNESS WHEREOF, Kentucky First Federal Bancorp, acting by
and
through the [ _______ COMMITTEE] of the Board of Directors of
the Company, has
caused this Award Agreement to be executed as of the Grant Date,
set forth
above.
KENTUCKY FIRST FEDERAL BANCORP
By:
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On behalf of the [ ______ ] Committee
ACCEPTED BY PARTICIPANT:
--------------------------------
[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 2005 Plan.
2. RESTRICTIONS. The unvested Shares underlying your Restricted
Stock
Award are subject to the following restrictions ("Restricted
Shares")
until they expire or terminate.
(a) Restricted Shares may not be sold, transferred,
exchanged,
assigned, pledged, hypothecated or otherwise encumbered.
(b) If your Participant's 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 2005 Plan.
(c) Restricted Shares are subject to the vesting schedule set
forth
on page 1 of this Award Agreement.
3. EXPIRATION AND TERMINATION OF RESTRICTIONS. Th
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