EX-4.7





 Exhibit 4.7 

COUNTY BANCORP, INC. 

2021 LONG-TERM INCENTIVE PLAN 

DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT

 The Participant specified below is hereby granted a restricted stock unit award (the “Award”) by
COUNTY BANCORP, INC., a Wisconsin corporation (the “Company”), under the COUNTY BANCORP, INC. 2021
LONG-TERM INCENTIVE PLAN (the “Plan”). The Award shall be subject to the terms of the Plan and the terms set forth in this
Restricted Stock Unit Award Agreement (“Award Agreement”). 
 Section 1.
Award. The Company hereby grants to the Participant the Award of restricted stock units (each such unit, an “RSU”), where each RSU represents the right of the Participant to receive one Share in the future once
the Restricted Period ends, subject to the terms of this Award Agreement and the Plan. 
 Section 2. Terms
of Restricted Stock Unit Award. The following words and phrases relating to the Award shall have the following meanings: 

(a) The “Participant” is ______________________________. 

(b) The “Grant Date” is ______________________________. 

(c) The number of “RSUs” is ______________________. 

Except for words and phrases otherwise defined in this Award Agreement, any capitalized word or phrase in this Award Agreement shall have the
meaning ascribed to it in the Plan. 
 Section 3. Restricted Period. 

(a) The “Restricted Period” shall begin on the Grant Date and on the earlier of (i) the first anniversary of the Grant
Date, and (ii) the Company’s first regularly scheduled annual shareholder meeting following the Grant Date; provided that the Participant’s Termination of Service has not occurred prior thereto. 

(b) Notwithstanding the foregoing provisions of this Section 3, the Restricted Period for all the RSUs shall cease
immediately and such RSUs shall become fully vested immediately upon the Participant’s Termination of Service due to the Participant’s Disability or death. 

(c) Upon a Change in Control, the Award shall be treated in accordance with Section 4.1 of the Plan. 

(d) Except as set forth in Section 3(b) and Section 3(c) above, if the Participant’s
Termination of Service occurs prior to the expiration of the Restricted Period, the Participant shall forfeit all right, title and interest in and to any RSUs still subject to the Restricted Period as of such Termination of Service. 

Section 4. Settlement of RSUs. Delivery of Shares or other amounts under this Award Agreement
and the Plan shall be subject to the following: 












 (a) Delivery of Shares. The Company shall deliver to the Participant one Share free
and clear of any restrictions in settlement of each of the vested and unrestricted RSUs within 30 days following the end of the Restricted Period. 

(b) Compliance with Applicable Laws. Notwithstanding any other term of this Award Agreement or the Plan, the Company shall have no
obligation to deliver any Shares or make any other distribution of benefits under this Award Agreement or the Plan unless such delivery or distribution complies with all applicable laws and the applicable rules of any securities exchange or similar
entity. 
 (c) Certificates Not Required. To the extent that this Award Agreement and the Plan provide for the issuance of Shares,
such issuance may be effected on a non-certificated basis, to the extent not prohibited by applicable law or the applicable rules of any securities exchange or similar entity. 

(d) [Holding Period. Until the first anniversary of the date any Shares become vested pursuant to Section 3,
fifty percent (50%) of such Shares may not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar
process. Any attempt at assignment, transfer, pledge, hypothecation or other disposition of such Shares contrary to the provisions hereof, or the levy of any attachment or similar process upon such Shares, shall be null and void and without effect.
Notwithstanding the foregoing, the transfer restrictions set forth in this Section 4(d) shall lapse immediately upon the earlier to occur of the Participant’s Disability, death, or a Change in Control.] 

Section 5. Withholding. All deliveries of Shares pursuant to the Award shall be subject to
withholding of all applicable taxes. The Company shall have the right to require the Participant (or if applicable, permitted assigns, heirs and Designated Beneficiaries) to remit to the Company an amount sufficient to satisfy any tax requirements
prior to the delivery date of any Shares in connection with the Award. Except as otherwise provided by the Committee, such withholding obligations may be satisfied (a) through cash payment by the Participant, (b) through the surrender of
Shares that the Participant already owns or (c) through the surrender of Shares to which the Participant is otherwise entitled under the Plan; provided, however, that except as otherwise specifically provided by the Committee,
such Shares under clause (c) may not be used to satisfy more than the maximum individual statutory tax rate for each applicable tax jurisdiction. 

Section 6. Non-Transferability of Award. The Award, or
any portion thereof, is not transferable except as designated by the Participant by will or by the laws of descent and distribution or pursuant to a domestic relations order. Except as provided in the immediately preceding sentence, the Award shall
not be assigned, transferred, pledged, hypothecated or otherwise disposed of by the Participant in any way whether by operation of law or otherwise, and shall not be subject to execution, attachment or similar process. Any attempt at assignment,
transfer, pledge, hypothecation or other disposition of the Award contrary to the provisions hereof, or the levy of any attachment or similar process upon the Award, shall be null and void and without effect. 

Section 7. Dividend Equivalents. The Participant shall be entitled to receive a payment equal
in value to any dividends and distributions paid with respect to the RSUs (other than dividends and distributions that may be issued with respect to Shares by virtue of any corporate transaction, to the extent adjustment is made pursuant to
Section 3.4 of the Plan) during the Restricted Period or prior to settlement of the RSUs pursuant to Section 4(a) above (“Dividend Equivalents”); provided, however, that no Dividend
Equivalents shall be payable to or for the benefit of the Participant with respect to record dates for such dividends or distributions occurring before the Grant Date or on or after the date, if any, on which the Participant has forfeited the RSUs.
Dividend Equivalents shall be provided at the time the respective dividends or distributions are paid and shall be subject to the same restrictions applicable to the underlying RSUs. 

  
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 Section 8. No Rights as Shareholder. The
Participant shall not have any rights of a Shareholder with respect to the RSUs, including but not limited to, voting rights, prior to the settlement of the RSUs pursuant to Section 4(a) above. 

Section 9. Heirs and Successors. This Award Agreement shall be binding upon, and inure to the
benefit of, the Company and its successors and assigns, and upon any person acquiring all or substantially all of the Company’s assets or business. If any rights of the Participant or benefits distributable to the Participant under this Award
Agreement have not been settled or distributed at the time of the Participant’s death, such rights shall be settled for and such benefits shall be distributed to the Designated Beneficiary in accordance with the provisions of this Award
Agreement and the Plan. The “Designated Beneficiary” shall be the beneficiary or beneficiaries designated by the Participant in a writing filed with the Committee in such form as the Committee may require. The
Participant’s designation of beneficiary may be amended or revoked from time to time by the Participant in accordance with any procedures established by the Committee. If a Participant fails to designate a beneficiary, or if the Designated
Beneficiary does not survive the Participant, any benefits that would have been provided to the Participant shall be provided to the legal representative of the estate of the Participant. If a Participant designates a beneficiary and the Designated
Beneficiary survives the Participant but dies before the provision of the Designated Beneficiary’s benefits under this Award Agreement, then any benefits that would have been provided to the Designated Beneficiary shall be provided to the legal
representative of the estate of the Designated Beneficiary. 
 Section 10. Administration.
The authority to manage and control the operation and administration of this Award Agreement and the Plan shall be vested in the Committee, and the Committee shall have all powers with respect to this Award Agreement as it has with respect to the
Plan. Any interpretation of this Award Agreement or the Plan by the Committee and any decision made by the Committee with respect to this Award Agreement or the Plan shall be final and binding on all persons. 

Section 11. Plan Governs. Notwithstanding any provision of this Award Agreement to the
contrary, this Award Agreement shall be subject to the terms of the Plan, a copy of which may be obtained by the Participant from the office of the Corporate Secretary of the Company. This Award Agreement shall be subject to all interpretations,
amendments, rules and regulations promulgated by the Committee from time to time. Notwithstanding any provision of this Award Agreement to the contrary, in the event of any discrepancy between the corporate records of the Company and this Award
Agreement, the corporate records of the Company shall control. 
 Section 12. Not an Employment
Contract. Neither the Award nor this Award Agreement shall confer on the Participant any rights with respect to continuance of employment or other service with the Company or a Subsidiary, nor shall they interfere in any way with any
right the Company or a Subsidiary may otherwise have to terminate or modify the terms of the Participant’s employment or other service at any time. 

Section 13. Amendment. Without limitation of Section 16 and
Section 17 below, this Award Agreement may be amended in accordance with the provisions of the Plan, and may otherwise be amended in writing by the Participant and the Company without the consent of any other person. 

  
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 Section 14. Governing Law. This Award
Agreement, the Plan and all actions taken in connection herewith and therewith shall be governed by and construed in accordance with the laws of the State of Wisconsin, without reference to principles of conflict of laws, except as superseded by
applicable federal law. 
 Section 15. Validity. If any provision of this Award Agreement is
determined to be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Award Agreement shall be construed and enforced as if such illegal or invalid provision had never been included
herein. 
 Section 16. Section 409A Amendment. The Award is intended to be exempt from Code
Section 409A and this Award Agreement shall be administered and interpreted in accordance with such intent. The Committee reserves the right (including the right to delegate such right) to unilaterally amend this Award Agreement without the
consent of the Participant in order to maintain an exclusion from the application of, or to maintain compliance with, Code Section 409A; and the Participant hereby acknowledges and consents to such rights of the Committee. 

Section 17. Clawback. The Award and any amount or benefit received under the Plan shall be
subject to potential cancellation, recoupment, rescission, payback or other action in accordance with the terms of any applicable Company or Subsidiary clawback policy (the “Policy”) or any applicable law, as may be in effect from
time to time. The Participant hereby acknowledges and consents to the Company’s or a Subsidiary’s application, implementation and enforcement of (a) the Policy and any similar policy established by the Company or a Subsidiary that may
apply to the Participant, whether adopted prior to or following the date of this Award Agreement and (b) any provision of applicable law relating to cancellation, rescission, payback or recoupment of compensation, and agrees that the Company or
a Subsidiary may take such actions as may be necessary to effectuate the Policy, any similar policy and applicable law, without further consideration or action. 

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 IN WITNESS WHEREOF, the Company has caused this Award Agreement to be executed in its
name and on its behalf, and the Participant acknowledges understanding and acceptance of, and agrees to, the terms of the Plan and this Award Agreement, all as of the Grant Date. 

 

			
	COUNTY BANCORP, INC.
		
	By:	 	 
		
	Print Name:	 	 
		
	Title:	 	 
	
	PARTICIPANT
	
	 
		
	Print Name: