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HANCOCK WHITNEY CORPORATION
2010 EMPLOYEE STOCK PURCHASE PLAN

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Amended and Restated

Effective July 1, 2018

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Table of Contents

Page

ARTICLE I.
GENERAL.....................................................................................................................1

1.1Purpose.............................................................................................................1

1.2ERISA.............................................................................................................2

1.3Authorized
Shares...............................................................................................2

1.4Prior
Plan.........................................................................................................2

ARTICLE II.
DEFINITIONS...............................................................................................................2

2.1Affiliate.............................................................................................................2

2.2Allocation
Date(s)...............................................................................................3

2.3Associate.........................................................................................................3

2.4Bank.................................................................................................................3

2.5Board...............................................................................................................3

2.6Change in
Control...............................................................................................3

2.7Code...............................................................................................................4

2.8Committee.......................................................................................................4

2.9Common
Stock.................................................................................................4

2.10Company.........................................................................................................5

2.11Custodial
Agreement...........................................................................................5

2.12Election
Deadline...............................................................................................5

2.13Eligible
Associate...............................................................................................5

2.14Employer.........................................................................................................6

2.15Participant.......................................................................................................6

2.16Payroll
Authorization...........................................................................................6

2.17Payroll
Deduction(s)...........................................................................................6

2.18Plan.................................................................................................................6

2.19Plan
Custodian...................................................................................................7

2.20Plan
Year.........................................................................................................7

2.21Salary...............................................................................................................7

2.22Stock Share
Account...........................................................................................7

2.23Recordkeeper...................................................................................................7

ARTICLE III. ADMINISTRATION AND INTERPRETATION OF
PLAN.......................................................7

3.1Committee.......................................................................................................7

3.2Authority and
Duties...........................................................................................8

3.3Delegation.......................................................................................................8

3.4Rules and
Procedures...........................................................................................8

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ARTICLE IV.
Participation.................................................................................................................9

4.1Eligibility
Requirements.........................................................................................9

4.2Election to
Participate...........................................................................................9

4.3Effective Date of
Participation.................................................................................9

4.4Rehired/Reinstated
Associates.............................................................................10

4.5Change of
Classification.....................................................................................11

ARTICLE V. PAYROLL
DEDUCTIONS.............................................................................................11

5.1Amount of
Deductions.......................................................................................11

5.2Indefinite
Election.............................................................................................12

5.3Changes to Payroll
Authorization...........................................................................12

5.4Termination.....................................................................................................12

ARTICLE VI. CONTRIBUTIONS TO
PLAN/ACCOUNTS.....................................................................13

6.1Delivery to Plan
Custodian.................................................................................13

6.2Participants’ Stock Share
Accounts.......................................................................13

ARTICLE VII. STOCK PURCHASES AND
ALLOCATIONS.................................................................13

7.1Purchase of Common
Stock...............................................................................13

7.2Purchase
Price.................................................................................................14

7.3Allocation to
Accounts.......................................................................................14

ARTICLE VIII. DIVIDENDS AND SHAREHOLDER
RIGHTS.................................................................14

8.1Dividends, Etc., on Allocated
Shares.....................................................................14

8.2Stock Rights on Allocated
Shares.........................................................................15

ARTICLE IX. REPORTS TO
PARTICIPANTS.....................................................................................15

9.1Participant Account
Statements.............................................................................15

9.2Shareholder
Information.....................................................................................15

9.3Tax
Reporting.................................................................................................15

ARTICLE X. WITHDRAWAL FROM
ACCOUNTS...............................................................................16

10.1Withdrawal from Stock Share
Accounts...................................................................16

10.2Distribution of
Shares.........................................................................................16

10.3Trailing
Dividends.............................................................................................16

ARTICLE XI. TERMINATION OF
EMPLOYMENT.............................................................................16

11.1Termination Other Than Retirement or
Death.............................................................16

11.2Termination Due to Retirement or
Death.................................................................17

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ARTICLE XII.
DEFAULT...............................................................................................................18

12.1Default...........................................................................................................18

ARTICLE XIII.
EXPENSES.............................................................................................................19

13.1General Administrative
Costs...............................................................................19

13.2Expenses/Cost of
Distribution...............................................................................19

ARTICLE XIV. Amendment and Termination of
Plan.................................................................................19

14.1Amendment...................................................................................................19

14.2Termination.....................................................................................................19

ARTICLE XV. GENERAL
PROVISIONS...........................................................................................19

15.1Effect of a Change in
Control...............................................................................19

15.2Electronic
Instructions.......................................................................................20

15.3Employment
Rights...........................................................................................20

15.4Limitations on Purchase of
Stock...........................................................................20

15.5Assignment, Exemption from
Seizure.....................................................................20

15.6Physical, Mental or Legal
Incapacity.......................................................................20

15.7Limitation of
Liability.........................................................................................21

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haNCOCK WHITNEY CORPORATION
2010 EMPLOYEE STOCK PURCHASE PLAN

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HANCOCK WHITNEY CORPORATION (previously known as Hancock Holding Company and
referred to herein as the “Company”) hereby amends and restates the HANCOCK
WHITNEY CORPORATION 2010 EMPLOYEE STOCK PURCHASE PLAN this the _____ day of
July, 2018, to be effective as of the 1st day of July, 2018.

W I T N E S S E T H:

WHEREAS, the Company desiring to establish a plan to provide for ownership of
stock in the Company by Associates of the Company and/or of its Affiliates,
established the Hancock Holding Company 2010 Employee Stock Purchase Plan
effective the 1st day of January, 2011; and

WHEREAS, pursuant to Section 18.1 of the Plan, the Company reserved the right to
amend the Plan at any time provided no such amendment affects any Participant’s
right to the benefit of contributions made by him prior to the date of such
amendment, and the Plan has been amended by the Company from time to time; and

WHEREAS, the Company desires to further amend the Plan to reflect certain
changes in the administration thereof and the elections available thereunder and
to restate the Plan in its entirety. 

NOW,  THEREFORE, the Plan is hereby amended and restated in its entirety as
follows: 

ARTICLE I.

GENERAL

Purpose

.  The purpose of the Plan is to provide Eligible Associates who wish to become
stockholders of the Company with a convenient means for the purchase of shares
of the Company’s Common Stock.  It is intended that the Plan constitute a broad
based employee stock purchase plan, but the Plan is not intended to constitute a
qualified “employee stock purchase plan” within the meaning of Section 423 of
the Internal Revenue Code of 1986, as amended (the “Code).

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ERISA

.  The Plan is not subject to the provisions of the Employee Retirement Income
Security Act of 1974, as amended (“ERISA”).

Authorized Shares

.  The Company has reserved Two Hundred Fifty Thousand (250,000) shares of
Common Stock for issuance under the Plan.  Unless terminated earlier by the
Company, the Plan will terminate when all such shares (adjusted as provided
herein) have been purchased pursuant to the terms of the Plan.  The number of
shares reserved for issuance hereunder shall be proportionally adjusted for any
increase or decrease in the number of issued shares of Common Stock resulting
from a stock split, combination or exchange of shares, exchange for other
securities, reclassification, or reorganization, redesignation, merger,
consolidation, recapitalization, or other such change.  Any such adjustment may
provide for the elimination of fractional shares.

Prior Plan

.  The Company previously maintained the Hancock Holding Company Employee Stock
Purchase Plan (originally known as Hancock Bank Employee Stock Purchase Plan)
which was initially effective the 4th day of January, 1982 (the “Prior Plan”),
and which was terminated upon the initial effective date of this Plan.  At the
Associate’s election, each Associate’s accounts maintained pursuant to the Prior
Plan as of such effective date was transferred to and merged with the accounts
of the Associate under this Plan.

ARTICLE II.

DEFINITIONS

Affiliate

.  The term “Affiliate” means any corporation, or other form of entity, of which
the Company owns, from time to time, directly or indirectly eighty percent (80%)
or more of the total combined voting power of all classes of stock or other
equity interest.

Allocation Date(s)

.  The term “Allocation Date(s)” means the dates as of which stock purchased
hereunder shall be allocated to the Stock Share Accounts of the Participants,

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which shall be (a) the last day of each payroll period of the Employer and (b)
each dividend payment date.

Associate

.  The term “Associate” means any person who is treated as a common law employee
by the Company and/or its Affiliates; provided, however, that an individual who
is reclassified as a common law employee on a retroactive basis shall not be
treated as having been an Associate for purposes of the Plan for any period
prior to the date he or she is so reclassified.

Bank

.  The term “Bank” means Hancock Whitney Bank, a wholly-owned subsidiary of the
Company.

Board

.  The term “Board” means the Board of Directors of the Company.

Change in Control

.  The term “Change in Control” shall mean the happening of any of the following
events:

(a) The acquisition by any one person or by more than one person acting as a
group, of ownership of Common Stock that, together with Common Stock held by
such person or group, constitutes more than fifty percent (50%) of the total
fair market value or total voting power of the Common Stock of the Company;

(b) The acquisition by any one person, or by more than one person acting as a
group, during the twelve-month period ending on the date of the most recent
acquisition, of ownership of Common Stock in the Company possessing fifty
percent (50%) or more of the total voting power of the Common Stock of the
Company;

(c) The replacement during any twelve-month period of a majority of the members
of the Board by directors whose appointment or election is not endorsed by a
majority of the members of the Board before the date of such appointment or
election; or

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(d) The acquisition by any one person, or more than one person acting as a
group, during the twelve-month period ending on the date of the most recent
acquisition, of assets of the Company having a total gross fair market value of
more than fifty percent (50%) of the total gross fair market value of all of the
assets of the Company immediately prior to such acquisition or acquisitions.

For purposes of the above, “persons acting as a group” shall have the meaning as
in Treasury Regulations Section 1.409A-3(i)(5)(v)(B).

It is intended that the definition of Change in Control contained herein shall
be the same as (i) a change of ownership of a corporation, (ii) a change in the
effective control of a corporation and/or (iii) a change in the ownership of a
substantial portion of a corporation’s assets as reflected in Treasury
Regulations Section 1.409A-3(i)(5), as modified by the substitution of the
higher percentage requirements in items (b) and (d) above; and all questions or
determinations in connection with any such Change in Control shall be construed
and interpreted in accordance with the provisions of such Regulations.

Code

.  The term “Code” means the Internal Revenue Code of 1986, as amended.

Committee

.  The term “Committee” means the Committee authorized by the Board to
administer this Plan, as more fully described in Article III hereof.

Common Stock

.  The term “Common Stock” means shares of common stock, par value $3.33 per
share, of the Company authorized on the effective date of the Plan, and any
shares which, at any time prior to the date when such term is used, may be
issued by the Company and exchanged for such shares of Common Stock or any other
shares, whether in subdivision or in combination thereof and whether as part of
a classification or reclassification thereof, or otherwise.

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Company

.  The term “Company” means Hancock Whitney Corporation, a bank holding company
under the Bank Holding Company Act of 1956, headquartered in Gulfport,
Mississippi, and its successors and assigns.

Custodial Agreement

.  The term “Custodial Agreement” means the separate agreement executed in
connection with this Plan by and between the Company and the Plan Custodian for
the administration and investment of funds contributed pursuant to this Plan, as
such may be amended from time to time.

Election Deadline

.  The term “Election Deadline” means the time by which a Payroll Authorization
must be received in order to be effective for a payroll period.  The Election
Deadline for each established payroll period shall be the beginning of payroll
processing for such payroll period. 

Eligible Associate

.  The term “Eligible Associate” means those Associates of the Company, or of an
Affiliate, who shall be eligible to participate in this Plan after meeting the
eligibility requirements of Section 4.1.  Eligible Associates shall include all
Associates of the Company and its Affiliates, except the following:

(e)

Associates included in a unit of Associates covered by a collective bargaining
agreement between the Company and employee representatives, if retirement
benefits were the subject of good faith bargaining (for this purpose, the term
employee representatives does not include any organization more than half of
whose members are Associates who are owners, officers or executives of the
Company or an Affiliate;

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(f)

Associates who are nonresident aliens and who receive no earned income from the
Company which constitutes income from sources within the United States;

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(g)

Leased Employees (as determined under the provisions of the Hancock Whitney
Corporation 401(k) Savings Plan);

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(h)

“On-Call Employees” which shall mean individuals classified by the Company as
“on-call Employees” to be contracted as needed for special projects;

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(i)

“Seasonal Employees” which shall mean individuals classified by the Company as
“seasonal Employees” to be hired for summer employment, spring-break and/or
Christmas break;

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(j)

“Co-op Employees” which shall mean students hired by the Company as part of a
high school/college cooperative program;

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(k)

“Project Employees” which shall mean individuals classified by the Company as
“project Employees” to be hired for specific projects; and

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(l)

Associates classified as “interns” hired under the Company’s Intern programs. 

Employer

.  The term “Employer” shall mean the Company and each Affiliate of the Company.

Participant

.  The term “Participant” means an Eligible Associate who is participating in
the Plan at the time the term is used.

Payroll Authorization

.  The term “Payroll Authorization” means the payroll deduction authorization
which each Eligible Associate must complete and submit pursuant to Section 4.2
hereof in order to participate in the Plan.

Payroll Deduction(s)

.  The term “Payroll Deduction(s)” means the amount or amounts withheld from a
Participant’s Salary each payroll period and contributed to the Plan on his
behalf as elected by the Participant pursuant to a Payroll Authorization.

Plan

.  The term “Plan” means the Hancock Whitney Corporation 2010 Employee Stock
Purchase Plan as hereby amended and restated.

Plan Custodian

.  The term “Plan Custodian” means the entity designated from time to time
pursuant to separate agreement with the Company to serve as Plan Custodian for
purposes of the Plan. 

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Plan Year

.  The term “Plan Year” means the period commencing on January 1st of each year
and ending on December 31st of such year.

Salary

.  The term “Salary” means base salary or base compensation paid by the Employer
to a Participant, excluding bonus, incentive and commission and overtime
payments. Notwithstanding the preceding, “Salary” of a Participant who is a
commissioned Associate means the amount classified by the Employer as such
Participant’s draw.

Stock Share Account

.  The term “Stock Share Account” means the separate account established and
maintained for each Participant for the purpose of recording the Participant’s
contributions to the Plan and the Common Stock purchased and allocated to the
Participant under the Plan and under the Prior Plan and transferred to this Plan
at the Participant’s election.

Recordkeeper

.  The term “Recordkeeper” means the entity designated by the Company from time
to time as the Company’s stock transfer agent acting in its capacity as
recordkeeper for the Plan or such other entity as the Company may from time to
time designate, by separate agreement, as recordkeeper for the Plan.

ARTICLE III.

ADMINISTRATION AND INTERPRETATION OF PLAN

Committee

.  The Plan will be administered by a Committee as authorized by the Board. Such
Committee may be an existing, standing committee of the Board or may be a
committee specifically established for the purpose of administering the Plan,
consisting of such members as the Board may from time to time determine, who are
appointed by and subject to removal by the Board. The Committee may from time to
time adopt rules and regulations consistent with the Plan as it deems necessary
to carry out or administer the Plan or to provide for

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matters not specifically covered herein, and may change, alter, amend or rescind
such rules and regulations as the Committee deems appropriate. 

Authority and Duties

.  Except as expressly provided herein, the Committee shall have the exclusive
right to interpret the provisions of the Plan and to determine any question
arising hereunder or in connection with the administration of the Plan,
including, without limitation, the resolution of factual disputes, the remedying
of any omission, inconsistency, or ambiguity, and the determination of benefits,
eligibility and interpretation of the Plan provisions and related documents. The
Committee’s decisions, determinations, interpretations or other actions in
respect thereof shall be final, conclusive and binding upon all participants and
former participants; their beneficiaries, heirs, executors, assigns; and all
other parties. 

The Committee shall have full power and authority to exercise all duties of the
Committee set forth in the provisions of the Plan and to do all other acts
deemed necessary or desirable, in the discretion of the Committee, for the
administration of the Plan in accordance with the provisions hereof.

Delegation

.  The Committee may, from time to time, delegate certain of its administrative
duties and authority to other committees, departments and/or personnel of the
Company or the Bank. 

Rules and Procedures

.  The Committee may from time to time adopt rules and procedures with respect
to the administration of the Plan, provided that all such rules and procedures
are consistent with the provisions of the Plan.  The rules and procedures shall
be binding on all Eligible Associates and Participants.

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ARTICLE IV.

Participation

Eligibility Requirements

.  Each Eligible Associate shall be eligible for participation in this Plan
after attaining age eighteen (18) and completing sixty (60) days of consecutive
employment as an Eligible Associate with the Company or one of its Affiliates. 

For purposes of determining eligibility, service with FNBC Bank and its
affiliates will be counted as employment with the Company or an Affiliate for
individuals who become Eligible Associates on March 11, 2017 (the “FNBC Transfer
Date”) in connection with the acquisition of nine FNBC Bank branches by the
Company’s subsidiary, Hancock Whitney Bank, and who were employed by FNBC Bank
on the day immediately preceding the FNBC Transfer Date, including those
individuals on an approved leave of absence. 

Election to Participate

.  Participation in the Plan is voluntary.  In order to participate in the Plan,
an Eligible Associate must complete a Payroll Authorization electing the amount
of his Salary to be deducted each pay period and contributed to the Plan,
subject to the limitations of Section 5.1.  Such Payroll Authorization must be
completed and submitted in such form and manner, whether written, electronic or
otherwise, as may be designated from time to time by the Committee. 

Effective Date of Participation

.  Participation in the Plan by an Eligible Associate shall become effective as
of the first payroll period that commences on or after the first day of the
month coinciding with or immediately following the date on which he completes
the eligibility requirements of Section 4.1 provided he has submitted a Payroll
Authorization pursuant to Section 4.2 and such Payroll Authorization is received
on or before the Election Deadline for such payroll period.  An Eligible
Associate who does not elect to participate upon initially becoming eligible for
participation pursuant to Section 4.1 may subsequently elect to participate by
completing a

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Payroll Authorization and submitting it pursuant to Section 4.2 at any
time.  Such Payroll Authorization shall become effective as of the payroll
period specified by the Eligible Associate provided it is received on or before
the Election Deadline for such payroll period, and otherwise shall be effective
as of the next payroll period.

Notwithstanding the preceding provisions of this Section or of Section 4.1,
individuals who became employed by the Company or one of its Affiliates as an
Eligible Associate on April 28, 2017, (the “Hire Date”) in connection with the
acquisition by Hancock Whitney Bank of certain assets of First NBC Bank from the
Federal Deposit Insurance Corporation shall commence participation as of the
first payroll period that commences on or after the first day of the month
coinciding with or immediately following the Hire Date, or, if later, his
attainment of 18 years of age, provided he has submitted a Payroll Authorization
pursuant to Section 4.2 and such Payroll Authorization is received on or before
the Election Deadline for such payroll period.

Rehired/Reinstated Associates

.  Each former Participant who is reinstated within thirty-one (31) days of the
termination of his employment shall be eligible to participate in the Plan
immediately upon his reemployment as an Eligible Associate.  Such rehired
Participant shall be reinstated to participation in the Plan, based on his
elections in the Payroll Authorization in effect at the time of his termination,
as soon as administratively feasible but in no event later than the last day of
the payroll period following the payroll period during which he is rehired.  All
other former Associates of the Employer, whether or not they were Participants
or had met the eligibility requirements for Participation in this Plan at the
time of their termination of employment, shall, upon reemployment by the
Employer or an Affiliate, be treated as a new Associate for all purposes of this
Plan.

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Change of Classification

.  Service with the Company or an Affiliate in a position that is not eligible
for participation under the Plan is taken into consideration for purposes of
meeting the eligibility requirements under Section 4.1, and an Associate who is
not an Eligible Associate who subsequently becomes employed as an Eligible
Associate shall immediately be eligible to participate in the Plan provided he
has otherwise met such eligibility requirements. A Participant who ceases to be
employed as an Eligible Associate shall become ineligible to participate in the
Plan.  In such an event, all Payroll Deductions pursuant to Article V on behalf
of such Participant shall cease with the last pay period for which he is
employed as an Eligible Associate and, unless he is reinstated as an Eligible
Associate within thirty-one (31) days as provided in Section 4.4, his employment
shall be treated as terminated for purposes of this Plan and the balance of his
Stock Share Account shall be distributed as provided in Section
11.1.  Notwithstanding the preceding provisions of this Section, if a
Participant becomes ineligible to participate in the Plan because he ceases to
be employed as an Eligible Associate but such Participant continues to be
employed by the Company or an Affiliate, his payroll deductions shall cease as
provided herein but his employment shall not be treated as terminated and his
Stock Share Account balance shall not be distributed unless and until he incurs
an actual termination of employment or requests a withdrawal under the
provisions of this Plan.  In the event such a former Participant subsequently
returns to employment as an Eligible Associate, he shall be eligible to
participate in the Plan immediately upon such reemployment as an Eligible
Associate.

ARTICLE V.

PAYROLL DEDUCTIONS

Amount of Deductions

.  Participants may contribute to the Plan only through Payroll Deductions in
such amount or amounts as elected by the Participants in accordance with the
provisions of Section 4.2 hereof.  The amount of Payroll Deductions shall be
stated as a

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percentage of the Participant’s Salary, and may be in any whole or fractional
(up to two decimal places) percentage of Salary, with a minimum deduction of Two
Dollars ($2.00) and a maximum deduction of ten percent (10%) of Salary per pay
period.  In no event shall a Participant’s aggregate Payroll Deductions during
any Plan Year exceed ten percent (10%) of his total Salary for such Plan Year. 

Indefinite Election

.  Payroll Deductions elected by a Participant pursuant to a Payroll
Authorization shall remain in effect from pay period to pay period for an
indefinite period until changed, revoked or terminated by the Participant as
otherwise provided herein.

Changes to Payroll Authorization

.  A Participant may elect to increase or decrease his Payroll Deduction at any
time by completing a new Payroll Authorization in accordance with Section
4.2.  Such a change to a prior Payroll Deduction shall become effective as of
the payroll period in which such election is made provided the new Payroll
Authorization is submitted and received in such manner as may be designated from
time to time by the Committee by the Election Deadline for such payroll period,
and otherwise shall be effective as of the next succeeding payroll period.

Termination

.  Payroll Deductions may be terminated at any time by written or electronic
directions filed by the Participant in such manner as may be determined from
time to time by the Committee.  Such termination shall be effective as of the
payroll period in which such directions are filed by the Participant, provided
the directions are filed and received in accordance with the Committee’s
instructions, on or before the Election Deadline for such payroll period, and
otherwise shall be effective as of the next succeeding payroll period.

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ARTICLE VI.

CONTRIBUTIONS TO PLAN/ACCOUNTS

Delivery to Plan Custodian

.  As soon as practical after each payday, the Employer will remit the total
amount withheld through Payroll Deductions from the Salary of all Participants
to the Plan Custodian to be invested in Common Stock and held for the benefit of
the Participants under the terms hereof.  The Employer shall simultaneously
provide the Plan Custodian and the Recordkeeper a report containing detailed
information as to the amount of such remittance attributable to each Participant
in the Plan. 

Participants’ Stock Share Accounts

.  The Recordkeeper shall maintain a separate Stock Share Account for each
Participant in the Plan and shall keep accurate and detailed accounts, on an
aggregate and a per Participant basis, of all receipts, disbursements and other
transactions hereunder including, but not limited to, Payroll Deductions
credited under the Plan, dividends on the Common Stock held in the Plan, Common
Stock purchased and held for and Common Stock distributed to the Participants
hereunder.  All such accounts, books and records relating to such transaction
shall be open to inspection and audit at all reasonable times by any person
designated by the Company.

ARTICLE VII.

STOCK PURCHASES AND ALLOCATIONS

Purchase of Common Stock

.  As soon as practicable after the receipt of the Payroll Deduction amounts
and/or the receipt of cash dividends on Common Stock held in the Participants’
Stock Share Accounts, the Plan Custodian shall utilize then-available funds to
purchase shares of Common Stock.  The maximum number of shares of Common Stock
will be purchased that can be acquired with the then-available funds.  Such
purchase may be made, by the Plan Custodian at the direction of the Company,
either on the open market, by private purchase, or from the Company from
authorized, unissued shares and/or from shares held in treasury. 

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Purchase Price

.  The purchase price for all purchases of Common Stock made on the NASDAQ Stock
Market shall be the then-traded price at the time the actual purchase is made.
All other purchases of Common Stock shall be made at fair market value as
determined on the date of the purchase.  For this purpose, fair market value
shall be determined with reference to the bid, asked or opening and/or closing
sales prices of the Common Stock as reported on the NASDAQ Stock Market or such
other exchange or system of reporting on which the Common Stock is then quoted
or traded, as of the day immediately preceding the date on which such fair
market value is determined or, if no sales are reported on such date, the next
preceding date on which sales of the Common Stock were reported.

Allocation to Accounts

.  As of each purchase date, all shares of Common Stock purchased on such date
will be allocated in whole and fractional shares (computed to four (4) decimal
places) to the Stock Share Accounts of the Participants in the Plan.  Such
shares of Common Stock shall be allocated on a pro rata basis according to the
respective funds available to each Participant in the Plan on such purchase date
based on the purchase price. 

ARTICLE VIII.

DIVIDENDS AND SHAREHOLDER RIGHTS

Dividends, Etc., on Allocated Shares

.  Cash dividends received on shares of Common Stock allocated to Participants’
Stock Share Accounts shall be utilized as soon as practicable after the receipt
thereof to purchase additional shares of Common Stock as provided in Section
7.1, which shares shall be allocated as provided in Section 7.3.  Stock
dividends and stock splits received by the Plan will be credited to each
Participant’s Stock Share Account to the extent that such stock dividend or
stock split is attributable to the shares of Common Stock which have been
allocated to such Participant’s Stock Share Account as of the record date of
such stock dividend or stock split. 

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Stock Rights on Allocated Shares

.  Each Participant in the Plan shall have the rights and powers of an ordinary
shareholder with respect to the shares of Common Stock allocated to such
Participant’s Stock Share Account, including, but not limited to the right to
vote such shares and the power to sell such shares and will be provided with
shareholder information and communications as provided in Section 9.2.

ARTICLE IX.

REPORTS TO PARTICIPANTS 

Participant Account Statements

.  Participants shall be provided on-line access to review the transactions and
status of such Participant’s Stock Share Account.  Such on-line account access
shall reflect, but not necessarily be limited to, (a) the Participant’s
contributions to the Plan, (b) the number of shares of Common Stock allocated to
the Participant’s Stock Share Account, (c) the dividends and interest (if any)
allocated to the Participant’s Stock Share Account, and (d) the cumulative total
of shares held in the Participant’s Stock Share Account. 

Shareholder Information

.  Participants will receive copies of all communications provided to the
Company’s shareholders, including the Annual Report of the Company, the Notice
of the Company’s Annual Meeting and Proxy Statement at the same time and in the
same manner as such information is provided to the Company’s shareholders
generally.

Tax Reporting

.  Participants will also receive information necessary for reporting income
realized by them under the Plan.

ARTICLE X.

WITHDRAWAL FROM ACCOUNTS 

Withdrawal from Stock Share Accounts

.  Except as otherwise provided herein, a Participant may withdraw all or any
portion of the shares of Common Stock allocated to such Participant’s Stock
Share Account at such time or times and as often as the Participant shall
elect.  Each request for withdrawal shall be submitted to the Recordkeeper in
writing or electronically

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utilizing such forms or in such other manner as the Recordkeeper shall
direct.  The Participant’s request must clearly indicate the number of shares to
be withdrawn or specify that all shares in his Stock Share Account are to be
withdrawn. 

Distribution of Shares

.  As promptly as practical following the receipt of a Participant’s withdrawal
request, the number of shares of Common Stock requested by such Participant
shall be distributed from his Stock Share Account.  Such shares shall be
distributed through a DRS book entry.

10.3Trailing Dividends

.  In the event trailing dividends are credited to the Stock Share Account of a
Participant who is no longer making Salary deduction contributions to the Plan
and who has withdrawn his entire Stock Share Account under the provisions of
this Article, such trailing dividends shall be automatically transferred to the
Participant in a DRS book entry without any further action required on the part
of the Participant.

ARTICLE XI.

TERMINATION OF EMPLOYMENT 

Termination Other Than Retirement or Death

.  If a Participant’s employment terminates for reasons other than retirement or
death, as soon as practical after the first Allocation Date immediately
following such termination of employment, the shares of Common Stock allocated
to his Stock Share Account as of such Allocation Date shall be distributed to
the former Participant through a DRS book entry. In the event trailing dividends
are credited to the Stock Share Account of a former Participant on shares of
Common Stock that were distributed to the Participant in connection with his
termination of employment, such trailing dividends shall be automatically
transferred to the Participant in a DRS book entry without any action required
on the part of the Participant.

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Termination Due to Retirement or Death

.  In the event of retirement (including disability retirement) or termination
due to the death of a Participant during a Plan Year, settlement shall be made
as of the first Allocation Date immediately following such retirement or death.
Distribution as provided in this Section shall be made as soon as
administratively practicable following such Allocation Date. If termination is
by reason of retirement the number of shares of Common Stock allocated to the
Participant’s Stock Share Account as of such Allocation Date shall be
distributed to the Participant in a DRS book entry.  If termination is by reason
of death, settlement will be made in the same manner and will be to the
Participant’s beneficiary as designated on his Payroll Authorization.  If no
beneficiary has been so designated, or if all beneficiaries so designated fail
to survive the Participant, settlement will be made to the Participant’s duly
appointed legal representative, after satisfaction of any applicable legal
requirements.  If applicable state law requires a different distribution of the
Participant’s Stock Share Account following a Participant’s death than is
provided by the Participant’s beneficiary designation or as otherwise provided
above, the Participant’s Stock Share Account shall be distributed in accordance
with such applicable state law. 

In the event trailing dividends are credited to the Stock Share Account of a
former Participant on shares of Common Stock that were previously distributed
under this Section to the Participant, his beneficiary or personal
representative, such trailing dividends shall be automatically transferred in a
DRS book entry or in such other manner as the Common Stock to which such
dividends relate were distributed without any action required on the part of the
Participant, beneficiary or personal representative.

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ARTICLE XII.

DEFAULT

Default

.  If any Participant admits that he is guilty or is convicted in a court of
competent jurisdiction of any crime resulting from dishonesty in the affairs of
an Employer, and if any Employer suffers any monetary loss in connection
therewith and the amount of such loss is admitted by such Participant or proven
in a court of competent jurisdiction, any shares allocated to such Participant’s
Stock Share Account which would otherwise be payable to, held for, or
distributable to such Participant, shall, to the extent of such loss, be
forfeited by the Participant and utilized to reimburse the Employer for its
loss.

Further, if at any time the Employer claims to have suffered a monetary loss as
a result of the actions of a Participant, the Employer may, upon notification to
the Participant of the Employer’s claim of such loss and subject to applicable
state law, freeze and hold in suspense the Participant’s Stock Share Account or
such portion thereof attributable to Common Stock held in such account having an
aggregate value (determined as of the date of such notice) that does not exceed
one hundred ten percent (110%) of the amount of the purported claim.  Such
Participant’s Stock Share Account (or portion thereof) shall remain frozen and
held in suspense until such claim is finally settled between the parties and/or
there is a final adjudication of the matter.  Upon such settlement or final
adjudication, the Common Stock held in the Participant’s Stock Share Account
shall be offset against the claim, to the extent of the loss, and/or distributed
to the Participant in a DRS book entry in accordance with the terms of the
settlement or final adjudication.

ARTICLE XIII.

EXPENSES

General Administrative Costs

.  The Employer will bear the costs of administering the Plan, including any
compensation to the Plan Custodian or others and any transfer taxes incurred in
transferring the stock from the Plan to the Participants. 

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Expenses/Cost of Distribution

.  Notwithstanding the provisions of Section 13.1, the cost of each distribution
to and/or withdrawal by a Participant, if any, shall be allocated to such
Participant’s Stock Share Account. 

ARTICLE XIV.

Amendment and Termination of Plan

Amendment

.  The Company reserves the right to amend the Plan at any time; however, no
amendment shall affect any Participant’s right to the benefit of contributions
made by him prior to the date of such amendment. 

Termination

.  The Company reserves the right to terminate the Plan at any time.  In such
event, there will be no further payroll deductions, however, all available funds
shall be utilized as soon as reasonably feasible to purchase the maximum number
of shares of Common Stock.  All such shares shall be allocated to the Stock
Share Accounts of the Participants in accordance with the provisions hereof.

Within sixty (60) days after such shares are allocated to the Participants’
Stock Share Accounts, all of the shares of Common Stock allocated to the Stock
Share Account of each Participant shall be issued to such Participant as of such
date in a DRS book entry.

ARTICLE XV.

GENERAL PROVISIONS

Effect of a Change in Control

.  In the event of a Change in Control, the surviving continuing successor,
purchasing corporation, or parent thereof, as the case may be (the “Acquiring
Corporation”), may assume the Company’s rights and obligations under this
Plan.  If the Acquiring Corporation elects not to assume the Company rights and
obligations under this Plan, the Plan shall be terminated as of the effective
date of such Change in Control.  The shares of Common Stock allocated to the
Stock Share Account of each Participant as of such date shall be distributed to
such Participant in a DRS book entry.

{JX249919.6}-  19  -

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Electronic Instructions

.  At any time that the Plan provides for instructions or other communications
to be made in writing by an Associate or Participant, such instructions shall be
effective if provided electronically in accordance with procedures which may be
established from time to time by the Committee, if any.

Employment Rights

.  Neither the creation or existence of this Plan nor the terms hereof shall
give any person any right to be retained in the employ of the Company or any
interest in the assets or business activities of the Company.

Limitations on Purchase of Stock

.  No stock will be purchased under the Plan for the benefit of any Associate
residing or employed in any jurisdiction where the purchase of such stock is not
permitted under the applicable laws. 

Assignment, Exemption from Seizure

.  Except as may otherwise be specifically provided by any applicable law, no
right of a Participant under the Plan shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or
charge and any attempt by anyone to anticipate, alienate, sell, transfer,
assign, pledge, encumber or charge the same shall be void.  Any Common Stock or
money to which any person is entitled under the Plan are exempt from execution,
seizure and attachment.

Physical, Mental or Legal Incapacity

.  If any payment is to be made under the Plan to a minor or other person who is
physically, mentally or legally incompetent, the Plan Custodian shall pay the
same to the parent or guardian or such other person having legal custody of, or
being the legally appointed representative of, such person, to be applied by
such parent, guardian, person having legal custody or legally appointed
representative for the benefit of such person, without the Plan Custodian being
further liable to see the application thereof and so that

{JX249919.6}-  20  -

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any such payment shall be a complete discharge of any liability under the Plan
of the Employer therefor.

Limitation of Liability

.  No member of the Board or of the Committee shall be liable for any action (or
failure to act) or determination done (or not done) in good faith in respect of
or pursuant to the Plan. To the full extent permitted by law, the Company shall
indemnify and save harmless each member of the Board or of the Committee (acting
in that capacity) with respect to any actual or threatened action or proceeding
arising with respect to the adoption or operation of the Plan.

IN WITNESS WHEREOF, the Company has caused this Plan to be executed by its
officers thereunto duly authorized and attested as of the date first-noted
above.

ATTEST:HANCOCK WHITNEY CORPORATION

﻿

By:By:

Title:

{JX249919.6}-  21  -

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