EXHIBIT 10(9)


                                                  ______________________, ______


                        INCENTIVE STOCK OPTION AGREEMENT
               UNDER THE UNION COMMUNITY BANCORP STOCK OPTION PLAN

Dear _________________:

     You are hereby  granted the option to purchase a total of ______  shares of
the Common Stock, without par value ("Common Stock"), of Union Community Bancorp
("UCB")  over the next ten  years  pursuant  to UCB's  Stock  Option  Plan  (the
"Plan"), on the following terms and conditions:

     1. The purchase  price of the shares of Common Stock subject to this option
is $_____ per share.  You must pay this purchase  price in cash at the time this
option is exercised;  provided,  however that,  with the approval of UCB's Stock
Compensation  Committee  (the  "Committee"),  you may  exercise  your  option by
tendering  to UCB  whole  shares  of UCB's  Common  Stock  owned by you,  or any
combination of whole shares of UCB's Common Stock owned by you and cash,  having
a fair market value equal to the cash exercise  price of the shares with respect
to which  the  option is  exercised  by you.  For this  purpose,  any  shares so
tendered  shall be deemed to have a fair market  value equal to the mean between
the  highest  and  lowest  quoted  selling  prices for the shares on the date of
exercise  of the  option  (or if there  were no sales on such date the  weighted
average of the means between the highest and lowest quoted selling prices on the
nearest  date  before and the  nearest  date after the date of  exercise  of the
option),  as  reported  in The Wall  Street  Journal  or a  similar  publication
selected by the Committee. To exercise this option, you must send written notice
to the UCB's  Secretary at the address  noted in Section 12 hereof.  Such notice
shall  state  the  number  of shares  in  respect  of which the  option is being
exercised, shall identify the option exercised as an incentive stock option, and
shall be signed by the person or persons so exercising  the option.  Such notice
shall be  accompanied  by payment of the full cash option  price for such shares
or, if the Committee has authorized  the use of the stock swap feature  provided
for above,  such notice shall be followed as soon as practicable by the delivery
of the option price for such shares.  Certificates  evidencing  shares of Common
Stock will not be delivered to you until  payment has been made.  Under  certain
circumstances,  the Plan  permits  you to  deliver  a notice  to your  broker to
deliver  the cash to UCB  upon the  receipt  of such  cash  from the sale of UCB
Common Stock.  Contact the Secretary of UCB for further  information  about this
procedure if you are interested in it.

     2. The term of this option (the "Option Term") shall be for a period of ten
years from the date of this letter,  subject to earlier  termination as provided
in paragraphs 3 and 4 hereof.  Except as otherwise  provided  below,  the option
shall  become  exercisable  with respect to the first 20% of the total number of
shares covered hereby on the first  anniversary of the date of this letter,  and
the option shall become  exercisable with respect to the second,  third,  fourth
and  fifth  20%  of  such  shares  on  the  second,   third,  fourth  and  fifth
anniversaries, respectively, of the date of this letter. When the option becomes
exercisable  with  respect to any shares of Common  Stock,  those  shares may be
purchased  at any  time,  or from time to time,  in whole or in part,  until the
Option Term expires,  but in no case may fewer than 100 such shares be purchased
at any one  time,  except  to  purchase  a  residue  of fewer  than 100  shares.
Notwithstanding  the foregoing or


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any other provision herein, the option may not be exercised during the first six
months of the Option Term.

     3. If you cease to be an employee of UCB or any of its subsidiaries for any
reason other than retirement,  permanent and total  disability,  or death,  this
option  shall  forthwith  terminate.  If  your  employment  by UCB or any of its
subsidiaries is terminated by reason of retirement (which means such termination
of employment as shall entitle you to early or normal retirement  benefits under
any  then  existing  pension  plan of UCB or one of its  subsidiaries),  you may
exercise  this  option  to the  extent  it was  exercisable  at the date of your
retirement in whole or in part within three years after such retirement, but not
later than the date upon which this option  would  otherwise  expire;  provided,
however,  that if you are a director or a director  emeritus at the time of your
retirement,  the option shall  continue to vest while you serve as a director or
director emeritus and you may exercise this option in whole or in part until the
later of (a) three years after your date of  retirement  or (b) six months after
your service as a director and/or director  emeritus  terminates,  but not later
than the date upon which this option would otherwise  expire. If you cease to be
an  employee of UCB or any of its  subsidiaries  because of your  permanent  and
total  disability,  you may exercise this option in whole or in part at any time
within  one  year  after  such  termination  of  employment  by  reason  of such
disability,  but not later than the date upon which this option would  otherwise
expire.

     4. If you die  while  employed  by UCB or any of its  subsidiaries,  within
three years after the termination of your employment  because of retirement (or,
if later,  six months  following  your  termination  of service as a director or
director  emeritus  of UCB),  or within one year after the  termination  of your
employment  because  of  permanent  and total  disability,  this  option  may be
exercised  in  whole  or in part  by your  executor,  administrator,  or  estate
beneficiaries  at any time  within one (1) year after the date of your death but
not later than the date upon which this option would otherwise expire.

     5. This option is  non-transferable  otherwise  than by will or the laws of
descent and distribution or pursuant to a qualified domestic relations order. It
may be exercised only by you or your  guardian,  if any, or, if you die, by your
executor,  administrator,  or  beneficiaries  of your estate who are entitled to
your option.

     6. All rights to exercise this option will expire,  in any event, ten years
from the date of this letter.

     7.  Certificates  evidencing shares issued upon exercise of this option may
bear a  legend  setting  forth  among  other  things  such  restrictions  on the
disposition  or  transfer of the shares of UCB as UCB may deem  consistent  with
applicable federal and state laws.

     8.  Nothing  in  this  option  shall  restrict  the  right  of  UCB  or its
subsidiaries to terminate your employment at any time with or without cause.

     9. This option is subject to all the terms,  provisions  and  conditions of
the Plan, which is incorporated herein by reference,  and to such regulations as
may from time to time be adopted by the  Committee.  A copy of the Plan has been
furnished to you and an  additional  copy may be obtained from UCB. In the event
of any conflict  between the  provisions of the Plan and



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the provisions of this letter, the terms,  conditions and provisions of the Plan
shall control, and this letter shall be deemed to be modified accordingly.

     10. This Stock Option  Agreement is intended to grant an option which meets
all of the requirements of incentive stock options as defined in Section 422A of
the  Internal  Revenue  Code.  Subject  to and upon the  terms,  conditions  and
provisions  of the Plan,  each and every  provision of this  Agreement  shall be
administered,  construed and interpreted so that the option granted herein shall
so qualify as an incentive  stock  option.  Each  provision of this Stock Option
Agreement  which would prevent this option from qualifying as an incentive stock
option, if any, shall be void.

     11. You agree to advise UCB  immediately  upon any sale or  transfer of any
shares of Common Stock  received upon exercise of this option to the extent such
sale or  transfer  takes place prior to the later of (a) two years from the date
of grant or (b) one year from the date of exercise of this option.

     12.  All  notices  by you to UCB and your  exercise  of the  option  herein
granted,  shall be addressed  to Union  Community  Bancorp,  221 E. Main Street,
Crawfordsville,  Indiana 47933,  Attention:  Secretary, or such other address as
UCB may, from time to time, specify.

     13. This option may not be exercised  until UCB has been advised by counsel
that all other applicable legal requirements have been met.

                                     Very truly yours,

                                     UNION COMMUNITY BANCORP



                                     By:
                                        ----------------------------------------
                                        Alan L. Grimble, Chief Executive Officer

Accepted on the date above written


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