1ST CONSTITUTION BANCORP
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<TYPE>EX-10.14
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Incentive Stock Options/Subject to Vesting
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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B><I>Exhibit 10.14</I></B> </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>INCENTIVE STOCK
OPTIONS/SUBJECT TO VESTING </U></FONT></H1>
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     <TD WIDTH=32% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>No. of shares:&nbsp;_______</FONT></TD></TR>
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     <TD WIDTH=44% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
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     <TD WIDTH=32% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exercise price:&nbsp;$_______ per share</FONT></TD></TR>
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<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Name of Employee:&nbsp;
_________________ </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>1ST CONSTITUTION
BANCORP <BR> STOCK OPTION AGREEMENT</U> </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>(ISSUED PURSUANT TO
THE EMPLOYEE STOCK OPTION  <BR>AND RESTRICTED STOCK PLAN)</U> </FONT></H1>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1st
Constitution Bancorp, a New Jersey corporation (the &#147;Company&#148;), this _____ day
of _______________, 200__ (the &#147;Option Date&#148;) hereby grants to
__________________________ (the &#147;Optionee&#148;), an Employee of the Company or a
Subsidiary thereof, pursuant to the Company&#146;s Employee Stock Option and Restricted
Option Plan (the &#147;Plan&#148;), an option to purchase shares of the Common Stock of
the Company (&#147;Common Stock&#148;) in the amount and on the terms and conditions
hereinafter set forth. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Incorporation by Reference of Plan.</U></B> &nbsp;&nbsp;The provisions of the
          Plan, a copy of which is being furnished herewith to the Optionee, are
          incorporated by reference herein and shall govern as to all matters not
          expressly provided for in this Agreement. Capitalized terms not defined herein
          have the meaning set forth in the Plan. In the event of any conflict between the
          terms of this Agreement and the Plan, the terms of the Plan shall govern.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Grant of Option.</U></B> &nbsp;&nbsp;The Company hereby grants to the Optionee
          the right and option (hereinafter the &#147;Option&#148;) to purchase all or any
          part of an aggregate of _________ shares of Common Stock (subject to adjustment
          as provided in Section 11 hereof) within ten (10) years from the date hereof,
          subject to the terms and conditions set forth hereinafter and in the Plan. The Company intends that the
          Option <B><U>will</U></B> be treated by the Company as an &#147;incentive
          stock option&#148; as defined in Section 422 of the Internal Revenue Code of
          1986, as amended (the &#147;Code&#148;), to the extent permissable.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Option Price.</U></B> &nbsp;&nbsp;The purchase price for the shares of Common
          Stock subject to the Option (the &#147;Option Price&#148;) shall be $________
          (subject to adjustment as provided in Section 11 hereof), which is at least fair market value on the date of grant.&nbsp;&nbsp; </FONT></P>




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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Exercise of Option.</U></B> &nbsp;&nbsp;The Option shall be exercisable only in
          accordance with its provisions and those of the Plan. Except as provided in
          Sections 7, 8 and 9 hereof, the Option shall not be exercisable until the dates
          indicated below, and then only with respect to that percentage of the number of
          Shares stated in Section 2 hereof in which the Optionee is vested as indicated
          below. The accumulation of time for the purpose of vesting shall cease upon the
          Optionee&#146;s Termination of Service for any reason, and no further vesting
          shall occur after the date of the Termination of Service except as provided in
          Section 7 hereof.&nbsp;&nbsp; </FONT></P>


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     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Percentage of Shares<BR>Which May be<BR><U>Purchased Hereunder</U></FONT></TH>
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     <TH ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First Date on Which<BR>Such Shares May Be
<BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchased</U></FONT></TH></TR>
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     <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=13% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20%</FONT></TD>
     <TD WIDTH=13% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Option Date</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD WIDTH=12% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=30% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20%</FONT></TD>
     <TD WIDTH=13% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>First Anniversary of Option Date</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20%</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Second Anniversary of Option Date</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20%</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Third Anniversary of Option Date</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>20%</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Fourth Anniversary of Option Date</FONT></TD></TR>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Installments which become exercisable
and are not exercised shall remain exercisable during the term of the Option. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Method of Exercising Option.</U></B>&nbsp;&nbsp;Subject to the terms and
          conditions of this Agreement and the Plan, the Option may be exercised by
          written notice delivered to the Company signed by the Optionee or by the person
          or persons exercising the Option. Such notice shall state the number of shares
          of Common Stock in respect of which the Option is being exercised and shall
          include such written covenants, agreements and representations as the committee
          administering the Plan may from time to time deem necessary or desirable in
          order to ensure compliance with applicable laws, regulations and rulings of any
          state or federal regulatory authority.&nbsp;&nbsp; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such
notice shall be accompanied by payment in full of the Option Price. The Option Price shall
be payable by certified or bank cashier&#146;s check or other good funds payable to the
order of the Company or by delivery of full Shares of the Company duly endorsed for
transfer to the Company with signature guaranteed, or by any combination thereof. Shares
will be accepted at their fair market value (as determined in accordance with Section 6.1
of the Plan) on the date of exercise of the Option. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As
soon as practicable after such notice and payment shall have been received, the Company
shall deliver a certificate or certificates representing the number of shares of Common
Stock with respect to which the Option was exercised, registered in the name of the person
or persons designated by the Optionee. Notwithstanding anything herein to the contrary,
the Company shall not be obligated to cause to be issued or delivered any certificate
evidencing the Common Stock purchased pursuant to the exercise of the Option unless and
until the Company is advised by its counsel that the issuance and delivery of such
certificates is in compliance with all applicable laws, regulations or rulings of any
state or federal authority. </FONT></P>




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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Optionee shall not be entitled to any rights as a shareholder with respect to such shares
of Common Stock being acquired pursuant to the exercise of the Option unless and until
such certificates are issued. No adjustment shall be made for dividends or distributions
or other rights for which the record date is prior to the date such certificate is issued. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event the Option shall be exercised by any person other than the Optionee, the notice
of exercise of the Option shall be accompanied by proof satisfactory to the Committee of
the right of such person to exercise the Option. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
shares that shall be purchase upon the exercise of the Option as provided herein shall be
fully paid and nonassessable. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Holding Period of Shares Necessary for Favorable Tax
          Treatment.</U></B>&nbsp;&nbsp;To obtain the most advantageous federal income tax
          treatment for stock acquired pursuant to the Option, the Optionee may not
          dispose of Shares acquired pursuant to the Option before the later of (i) within
          two years of the date of the Option is granted or (ii) within one year after the
          transfer of the Shares to the Optionee. The foregoing statement of tax
          consequences is intended only as a generalized statement of federal tax law (as
          in existence on the date of this Agreement) and the Optionee should consult a
          tax advisor to determine the specific tax consequences of his exercise of the
          Option. An Optionee who disposes of his Shares prior to the expiration of either
          holding period shall notify the Company, within 10 days after the disposition
          occurs, of the date of the sale and the amount of gain on the sale, and shall
          deliver to the Company any federal income tax withholding required by law in
          connection therewith.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Death or Disability of the Optionee.</U></B>&nbsp;&nbsp;As provided in Section
          6.3 of the Plan, if the Optionee shall Terminate Service by reason of death or
          Disability, the Option shall become fully and immediately exercisable, and may
          be exercised by the Optionee, his estate or beneficiary, or his representative,
          as the case may be, for a period of one year from the date of such Termination
          of Service, or until the expiration of the stated term of the Option, whichever
          period is shorter.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Other Termination of Service.</U></B>&nbsp;&nbsp;If an Optionee shall
          Terminate Service for a reason other than death or Disability, Options which
          have vested in accordance with Section 4 may, unless earlier terminated in
          accordance with their terms, be exercised within three months after the date of
          such termination. Notwithstanding anything herein to the contrary, if the
          Termination of Service is by the Company or any Subsidiary for Cause, no part of
          any Option, whether or not vested or exercisable, shall be exercisable after the
          date of such termination.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Change in Control.</U></B>&nbsp;&nbsp;In the event of a Change in Control, the
          Option shall immediately become fully exercisable.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Nontransferability of Options.</U></B>&nbsp;&nbsp;Except as provided in this
          Section 10, the Option shall not be assignable or transferable by the Optionee,
          and any attempted disposition thereof shall be null and void and of no effect.
          Nothing in this Section 10 shall prevent transfers by will or by the applicable
          laws of descent and distribution. During the life of the Optionee, the Option
          shall be exercisable only by the Optionee. The Optionee may request, however,
          that the Board, in its sole discretion, allow a transfer of the Option to family
          members, subject to such conditions or limitations as the Board may establish to
          ensure compliance with Section 16 of the Exchange Act and Section 422 of the
          Code.&nbsp;&nbsp; </FONT></P>



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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Adjustment for Recapitalization, Etc.</U></B>&nbsp;&nbsp;Subject to the terms
          of Article VIII of the Plan, in the event of any change in the outstanding
          Shares by reason of a stock dividend, split or combination, recapitalization,
          reclassification, reorganization, merger or consolidation in which the Company
          is the surviving corporation, or other similar change affecting the Common
          Stock, the number and class of Shares described in Section 2 of this Agreement
          shall be appropriately adjusted by the Committee to reflect such change, so the
          Optionee&#146;s proportionate interest shall be maintained. This adjustment
          shall be made without a change to the total price applicable to the unexercised
          portion of the Option (except for any change in the aggregate price resulting
          from rounding-off of share quantities or prices) and with any necessary
          corresponding adjustment in the per share Option Price described in Section 3 of
          this Agreement.&nbsp;&nbsp; </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the event of a transaction involving (i) the liquidation or dissolution of the Company,
(ii) a merger or consolidation in which the Company is not the surviving corporation or
(iii) the sale or disposition of all or substantially all of the Company&#146;s assets,
provision shall be made in connection with such transaction for the assumption of the
Option, or the substitution for the Option of new options of the successor corporation,
with appropriate adjustment as to the number and kind of Shares and the purchase price for
Shares thereunder, or, in the discretion of the Board, the Option shall terminate on the
effective date of such transaction and appropriate provision shall be made for payment to
the Optionee of any amount in cash equal to the fair market value of a Share less the
Option Price, multiplied by the number of Shares subject to the Option (to the extent the
Option has not been exercised). </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Notices.</U></B>&nbsp;&nbsp;All notices and other communications required or
          permitted under the Plan and this Agreement shall be in writing and shall be
          given either by (i) personal delivery or (ii) first class registered or
          certified mail, return receipt requested. Any such communication shall be deemed
          to have been given (i) on the date of receipt in the cases referred to in clause
          (i) of the preceding sentence and (ii) on the second day after the date of
          mailing in the cases referred to in clause (ii) of the preceding sentence. All
          such communications to the Company shall be addressed to it, to the attention of
          its Secretary or Treasurer, at its then principal office and to the Optionee at
          his last address appearing on the records of the Company or, in each case, to
          such other person or address as may be designated by like notice hereunder.&nbsp;&nbsp; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Modification and Waiver.</U></B>&nbsp;&nbsp;Neither this Agreement nor any
          provision hereof can be changed, modified, amended, discharged, terminated or
          waived orally or by any course of dealing or purported course of dealing, but
          only by an agreement in writing signed by the Optionee or his heirs and the
          Company. No such agreement shall extend to or affect any provision of this
          Agreement not expressly changed, modified, amended, discharged, terminated or
          waived or impair any right consequent on such a provision. The waiver of or
          failure to enforce any breach of this Agreement shall not be deemed to be a
          waiver or acquiescence in any other breach thereof.&nbsp;&nbsp; </FONT></P>
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<!-- MARKER FORMAT-SHEET="Para (List) Indent Agreement" FSL="Default" -->
     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          <B><U>Acceptance of Provisions.</U></B>&nbsp;&nbsp;The execution of this Agreement
          by the Employee shall constitute the Employee&#146;s acceptance of and agreement
          to all of the terms and conditions of the Plan and this Agreement. The Optionee
          hereby acknowledges that all decisions, determinations and interpretations of
          the Committee in respect to this Agreement shall be final and conclusive. This
          Agreement and the Plan contain a complete statement of all the arrangements
          between the parties with respect to their subject matter, and this Agreement
          cannot be changed except by a writing executed by both parties. This Agreement
          shall be governed and construed in accordance with the laws of the State of New
          Jersey applicable to agreements made and to be performed exclusively in New
          Jersey. The headings in this Agreement are solely for convenience of reference
          and shall not affect its meaning or interpretation.&nbsp;&nbsp; </FONT></P>

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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1ST CONSTITUTION BANCORP<BR><BR>
<BR>By:&nbsp;&nbsp;<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Name and Title:&nbsp;&nbsp;Robert F. Mangano, President</FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I
hereby acknowledge receipt of a copy of the foregoing stock option and, having read it,
hereby signify my understanding of, and my agreement with, its terms and conditions. </FONT></P>

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<TD WIDTH=40%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
(Signature)<BR><BR><BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>Address<BR>
<BR>&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
Social Security Number</FONT></TD>
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<TD WIDTH=50%><FONT FACE="Times New Roman, Times, Serif" SIZE=2><BR>
&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;&#151;<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date<BR></FONT></TD>
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