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EXHIBIT 10.4(a)

INCENTIVE STOCK OPTION AWARD
PURSUANT TO HABERSHAM BANCORP
1996 INCENTIVE STOCK OPTION PLAN

THIS AWARD is made as of the Grant Date by HABERSHAM BANCORP (the "Company") to
_______________, (the “Optionee").

Upon and subject to the Terms and Conditions attached hereto and incorporated
herein by reference, the Company hereby awards as of the Grant Date to Optionee
an incentive stock option (the "Option") pursuant to the Plan, as described
below, to purchase the Option Shares.

A.
Grant Date: December 31, ______.

B.
Type of Option: Incentive Stock Option.

 
C.
Plan: Habersham Bancorp 1996 Incentive Stock Option Plan.

 
D.
Option Shares: All or any part of _______ shares of the Company's common stock,
$1.00 par value per share ("Common Stock").

 
E.
Exercise Price: $_______ per share of Common Stock. The Exercise Price is the
Fair Market Value, determined pursuant to the Plan, of a share of Common Stock
on the Grant Date or, if Optionee owns stock possessing more than 10% of the
total combined voting power of all classes of stock of the Company or its parent
or any subsidiary, 110% of the Fair Market Value.

 
F.
Option Period: The Option may be exercised as to all or any portion of the
Option Shares during the Option Period, which commences on the Grant Date and
ends generally on the earliest of (a) the fifth (5th) anniversary of the Grant
Date; (b) the date the Optionee experiences a Termination of Employment for any
reason other than due to death; or (c) one (1) year following the date of the
Optionee's death. Note that other limitations to exercising the Option, as
described in the attached Terms and Conditions, may apply.

IN WITNESS WHEREOF, the Company has executed and sealed this Award as of the
Grant Date set forth above.

  HABERSHAM BANCORP          By:
 
       
Title:
 
     

By signing below, the Optionee hereby accepts the Award and agrees to the Terms
and Conditions attached hereto.

      Optionee

 

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