EX-10.2
SHORE BANCSHARES INC
Exhibit 10.2 1 SHORE BANCSHARES, INC. AMENDED AND RESTATED DEFERRED COMPENSATION PLAN 1. Background and Purpose. Shore Bancshares, Inc. (the "Company") has established the Shore Bancshares, Inc. Deferred Compensation Plan (the "Plan") to allow eligible employees to defer certain types of compensation otherwise payable to them from the Company or its Affiliates. The Plan was initially adopted effective January 1, 2019, was amended on February 1, 2022, and June 29, 2026, and is amended and restated in its entirety as provided in this document effective as of September 30, 2026. The Plan is an unfunded program and has been established for the purpose of providing deferred compensation for a select group of management or highly compensated employees. 2. Definitions. (a) "Account" shall mean the interest of a Participant in the Plan as represented by the bookkeeping entries kept by the Company or Participating Company. A separate Account shall be established for each Participant and may include separate subaccounts, such as annual Deferral Accounts, as may be required. (b) "Affiliate" sha
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