FORM OF RESTRICTED STOCK AGREEMENT



 Exhibit 4.6 
 METROCORP BANCSHARES, INC. 
 RESTRICTED STOCK AGREEMENT 

This Restricted Stock Agreement (“Agreement”) effective as of the          day
of                                 ,
                , is between MetroCorp Bancshares, Inc. (the “Company”), and
                                         
                   , (the “Holder”). 
 To carry out the purposes of the Amended and Restated MetroCorp Bancshares, Inc. 2007 Stock Awards and Incentive Plan (the “Plan”) by providing individuals upon whom the responsibilities of the
successful administration and management of the Company rest additional incentive and reward opportunities designed to advance the profitable growth of the Company, the Company and Holder hereby agree as follows: 

1. Award of Stock. The Company hereby grants (the “Grant”) to Holder
                     shares (the “Shares”) of common stock of the Company, $1.00 par value (the “Stock”) which shall be
subject to the restrictions set forth in Section 2 hereof. 
 2. Forfeiture Restrictions. The Shares granted
hereunder may not be sold, assigned, transferred, exchanged, pledged, hypothecated or encumbered by Holder, and no such sale, assignment, transfer, exchange, pledge, hypothecation or encumbrance, whether made or created by voluntary act of Holder or
any agent of Holder or by operation of law, shall be recognized by, or be binding upon, or shall in any manner affect the rights of, the Company or any agent or any custodian holding certificates for the Shares. Holder shall be subject to an
obligation to forfeit and surrender, for no consideration from the Company, the Shares to the Company upon a termination of employment or service described in Section 3(d) of this Agreement. The prohibition against transfer and the obligation
to forfeit and surrender shares of Stock to the Company (the “Forfeiture Restrictions”) shall remain in effect until such time as such Forfeiture Restrictions shall expire under the terms of this Agreement. The Forfeiture Restrictions
shall be binding upon and enforceable against any transferee of Restricted Shares. 
  

	 	3.	Restricted Period. 

 (a) For a period beginning on the date hereof and ending on
                                 (the “Restricted Period”) the Shares
shall be subject to the Forfeiture Restrictions and any other restrictions as set forth herein; provided, however, the Forfeiture Restrictions shall expire on a number of Shares as determined in accordance with the following schedule: 

 

			
	 Date
	 	 Number of Shares
 on which

Forfeiture Restrictions Expire

		 	

  

  
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 The Shares that are subject to the Forfeiture Restrictions shall hereinafter be referred to
as “Restricted Shares.” 
 (b) The Company shall effect the issuance of the Shares, and the issuance
of a certificate or certificates for the Shares, in accordance with the determinations made by the Committee (as defined in the Plan). Each certificate issued for Shares to Holder shall be registered in Holder’s name and shall be either
deposited by the Secretary of the Company or its designee in an escrow account or held by the Secretary of the Company, together with stock powers or other instruments of transfer appropriately endorsed in blank by Holder (Holder hereby agreeing to
execute such stock powers or other instruments of transfer as requested by the Company). Such certificate or certificates shall remain in such escrow account or with the Secretary of the Company until (i) the Restricted Period has terminated or
(ii) the expiration of the Forfeiture Restrictions in accordance with the schedule set forth in paragraph (a) above. Certificates representing the Restricted Shares shall bear the following legend: 

THE SHARES REPRESENTED BY THIS CERTIFICATE MAY BE TRANSFERRED ONLY IN COMPLIANCE WITH THE CONDITIONS
SPECIFIED IN THE METROCORP BANCSHARES, INC. RESTRICTED STOCK AGREEMENT, DATED AS OF
                                        
BETWEEN METROCORP BANCSHARES, INC. (“COMPANY”) AND EACH OF THE GRANTEES NAMED THEREIN. A COMPLETE AND CORRECT COPY OF THE FORM OF SUCH AGREEMENTS IS AVAILABLE FOR INSPECTION AT THE PRINCIPAL OFFICE OF THE COMPANY AND WILL BE FURNISHED
WITHOUT CHARGE TO THE HOLDER OF SUCH SHARES UPON WRITTEN REQUEST. 
 (c) Except as otherwise provided in the
Plan, Holder shall, during the Restricted Period, have all of the other rights of a stockholder with respect to the Shares including, but not limited to, the right to receive dividends, if any, as may be declared on such Shares from time to time,
and the right to vote (in person or by proxy) such Shares at any meeting of stockholders of the Company. 
 (d)
In the event that Holder’s employment with the Company or its Affiliates or service as a director is terminated prior to the expiration of the Forfeiture Restrictions as provided in Section 3(a) or 3(f) (i) by the Company for Cause,
or (ii) by Holder’s voluntary resignation, any Restricted Shares outstanding shall, upon such termination of employment, be forfeited by Holder to the Company, without the payment of any consideration or further consideration by the
Company, and neither Holder nor any successors, heirs, assigns, or legal representatives of Holder shall thereafter have any further rights or interest in the Restricted Shares or certificates therefor, and Holder’s name shall thereupon be
deleted from the list of the Company’s stockholders with respect to the Restricted Shares. For purposes of this Agreement, “Cause” shall mean Holder’s theft or embezzlement from the Company, disclosure of trade secrets of the
Company or the commission of a willful, felonious act while in the employment of the Company. 

  
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 (e) If the employment of Holder with the Company or its Affiliates or the
service of Holder as a director of the Company shall terminate for any reason other than the reasons set forth in Section 3(d), any Forfeiture Restrictions on the Restricted Shares shall be deemed to have expired as to the Restricted Shares as
of the date of any such occurrence, and the Restricted Shares shall thereby be free of Forfeiture Restrictions. 

(f) In the event of a Change of Control (as defined in the Plan), any Forfeiture Restrictions on the Restricted Shares
set forth in this Agreement shall be deemed to have expired, and the Restricted Shares shall thereby be free of all such Forfeiture Restrictions. 
 (g) If the employment of Holder with the Company or an Affiliate or Holder’s service as a director of the Company shall terminate prior to the expiration of the Restricted Period, and there exists a
dispute between Holder and the Company or the Committee as to the satisfaction of the conditions to the release of the Shares from the Forfeiture Restrictions hereunder and under the Plan or the terms and conditions of the Grant, the Shares shall
remain subject to the Forfeiture Restrictions until the resolution of such dispute, regardless of any intervening expiration of the Restricted Period, except that any dividends that may be payable to the holders of record of Stock as of a date
during the period from termination of Holder’s employment to the resolution of such dispute (the “Suspension Period”) shall: 
 (1) to the extent to which such dividends would have been payable to Holder on the Shares, be held by the Company as part of its general funds, and shall be paid to or for the account of Holder only upon,
and in the event of, a resolution of such dispute in a manner favorable to Holder, and then only with respect to such of the Shares as to which such resolution shall be so favorable, and 

(2) be canceled upon, and in the event of, a resolution of such dispute in a manner unfavorable to Holder, and then only
with respect to such of the Shares as to which such resolution shall be so unfavorable. 
 (h) Upon expiration
of the Forfeiture Restrictions, by lapse of time and upon compliance by the Holder, or the legal representative of Holder, with all obligations of Holder under the Plan and this Agreement, the Restricted Shares shall be released from all further
restrictions and prohibitions hereunder and all of the forfeiture provisions of the Plan, and the Committee shall thereupon deliver or cause to be delivered to Holder or Holder’s legal representative the certificate or certificates for the
Shares free of any legend provided in subparagraph (b) of this paragraph. 
 4. Taxes. Any federal, state or local
taxes arising by virtue of this Grant and assessed against or based on the value of the Shares awarded to Holder shall be the sole responsibility of Holder; provided that the Company shall have the right to withhold any amounts required to be so
withheld for federal, state or local income tax purposes. All such taxes and withholding must be paid or provided for according to law and in a manner satisfactory to the Company and as provided in the Plan before any Shares, or certificates
therefor, can be 

  
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delivered to Holder. The Committee may permit payment of such amount to be made through the tender of cash or Stock, the withholding of Stock out of shares otherwise distributable or any other
arrangement satisfactory to the Committee. The Company shall, to the extent permitted by law, have the right to withhold delivery of a stock certificate or to deduct any required taxes from any payment of any kind otherwise due to Holder. If Holder
does not pay the entire amount of such taxes to the Company within thirty (30) days after the date on which the Committee notifies Holder of the amount required to meet the withholding obligation, the Committee shall withhold from the Stock to
which Holder is entitled a number of shares having an aggregate fair market value equal to the amount of such taxes remaining to be paid by Holder and shall deliver a certificate for the remaining shares to the Holder. If Holder makes the election
authorized by section 83(b) of the Internal Revenue Code, Holder shall submit to the Company a copy of the statement filed by Holder to make such election. The failure of Holder to notify the Company of any such election made by Holder may, in the
discretion of the Committee, result in the forfeiture of the Shares. 
 5. Changes in Capital Structure. Upon the
occurrence of an event described in Section XII(a) of the Plan, the number and kind of shares of Stock or other securities subject to the Restricted Shares shall be appropriately and equitably adjusted in accordance with the terms of Section XII(a)
of the Plan. 
 6. Compliance With Securities Laws. Upon the acquisition of any shares pursuant to this Agreement, Holder
(or Holder’s legal representative upon Holder’s death or disability) will enter into such written representations, warranties and agreements as the Company may reasonably request in order to comply with applicable securities laws or with
this Agreement. 
 7. Employment Relationship. Holder shall be considered to be in the employment of the Company or in
service as a director as long as Holder remains as an employee or director of the Company or its Affiliates. Any questions as to whether and when there has been a termination of such employment or service, and the cause of such termination, shall be
determined by the Committee, with the advice of the employing corporation, and its determination shall be final. 
 8.
Binding Effect. The provisions of the Plan and the terms and conditions hereof shall, in accordance with their terms, be binding upon, and inure to the benefit of, all successors of Holder, including, without limitation, Holder’s estate
and the executors, administrators, or trustees thereof, heirs and legatees, and any receiver, trustee in bankruptcy, or representative of creditors of Holder. This Agreement shall be binding upon and inure to the benefit of any successors to the
Company. 
 9. Agreement Subject to Plan. This Agreement is subject to the Plan. The terms and provisions of the Plan
(including any subsequent amendments thereto) are hereby incorporated herein by reference thereto. In the event of a conflict between any term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of
the Plan will govern and prevail. All definitions of words and terms contained in the Plan shall be applicable to this Agreement. 

  
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 10. Notices. Every notice hereunder shall be in writing and shall be given by
registered or certified mail. All notices by Holder shall be directed to MetroCorp Bancshares, Inc., 9600 Bellaire Boulevard, Suite 252, Houston, Texas 77036, Attention: Corporate Secretary. Any notice given by the Company to Holder directed to
Holder at the address on file with the Company shall be effective to bind Holder and any other person who shall acquire rights hereunder. The Company shall be under no obligation whatsoever to advise Holder of the existence, maturity or termination
of any of Holder’s rights hereunder and Holder shall be deemed to have familiarized himself or herself with all matters contained herein and in the Plan which may affect any of Holder’s rights or privileges hereunder. 

11. Resolution of Disputes. Any dispute or disagreement which may arise hereunder shall be determined by the Committee in its sole
discretion and judgment, and any such determination and any interpretation by the Committee of the terms of the Plan or this Restricted Stock Agreement shall be final and shall be binding and conclusive, for all purposes, upon the Company, Holder,
and Holder’s heirs, personal representatives and successors. 
 12. Amendment. Any modification of this Agreement
will be effective only if it is in writing and signed by a duly authorized officer of the Company and Holder, except to the extent such modification occurs pursuant to a proper amendment of the Plan. 

13. Jurisdiction. The provisions of the Plan and the terms and conditions hereof shall be construed in accordance with the laws of
Texas except to the extent pre-empted by Federal law. 
 IN WITNESS WHEREOF, the Company has caused this Agreement to be duly
executed by one of its officers thereunto duly authorized, and Holder has executed this Agreement, all as of the day and year first above written. 
  

			
	
	MetroCorp Bancshares, Inc.
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	  

	Holder



  
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