EX-10.2



 Exhibit 10.2 

BANK OF THE OZARKS, INC. 

2014 EXECUTIVE CASH BONUS PLAN 

Pursuant to the Bank of the Ozarks, Inc. 2009 Restricted Stock and Incentive Plan, as amended and restated effective May 19, 2014 (the
“Amended Plan”), the Personnel and Compensation Committee (the “Committee”) of the Board of Directors of Bank of the Ozarks, Inc. (the “Company”) has established the following terms for the 2014
Cash Bonus Plan (“Program”). Subject to applicable law, all designations, determinations, interpretations, and other decisions under or with respect to the Program or any award shall be within the sole discretion of the Committee of
the Board of Directors of the Company, may be made at any time and shall be final, conclusive and binding upon all persons. Designations, determinations, interpretations, and other decisions made by the Committee with respect to the Program or any
award need not be uniform and may be made selectively among Participants, whether or not such Participants are similarly situated. Awards made pursuant to the Program to Covered Officers are intended to qualify as “performance-based
compensation” within the meaning of Section 162(m) of the Code and the Regulations promulgated thereunder and this Program shall be interpreted accordingly. Capitalized terms not otherwise defined herein shall have the meaning ascribed to
them in the Amended Plan. 
 Participation 

Prior to the beginning of the Performance Period (defined below), the Committee shall designate those executive officers of the Company, or any
Subsidiary, that will be eligible to receive an award pursuant to the Program (each a “Participant”) and if such Participant is a Covered Officer, as defined in the Amended Plan. 

Incentive Calculation and Payment of Awards 

Awards shall be calculated based on the financial results for the period beginning on July 1, 2014 and ending on December 31, 2014
(the “Performance Period”) and shall be paid within two and one-half months following the end of the Performance Period. Each award shall be paid solely in cash (the “Bonus Award”). 

Each Participant shall be eligible for a Bonus Award of up to 100% of such officer’s target incentive in the event the 2014 minimum
threshold target set by the Committee (the “Minimum Threshold Target”) is attained. In the event the 2014 elevated threshold target set by the Committee (“Elevated Threshold Target”) is attained, the Committee may
increase the amount of the Bonus Award up to the Participant’s maximum incentive amount (the “Maximum Cash Opportunity”). 

The target and maximum incentive of each Participant and the Minimum Threshold and Elevated Threshold Targets shall be determined by the
Committee in its discretion prior to the beginning of the Performance Period. The Committee shall determine whether and to what extent each performance or other goal has been met. Awards pursuant to the Program will be paid solely in cash. Except as
the Committee may otherwise determine in its sole and absolute discretion, termination of a Participant’s employment prior to the end of the Performance Period will result in the forfeiture of the Bonus Award by the Participant, and no payments
shall be made with respect thereto. Following the Performance Period, the Committee shall certify, in writing, whether the applicable performance targets have been achieved and the amounts, if any, payable to each Participant for the Performance
Period. 
 This Program is not a “qualified” plan for federal income tax purposes, and any payments are subject to applicable tax
withholding requirements. 







 2014 Cash Incentive Opportunities 

The Committee shall assign to each Participant incremental award opportunities, expressed in dollar amounts, based on the level of performance
achieved under the targets set by the Committee by resolution. 
 If the Minimum Threshold Target for the Performance Period is attained,
each Participant will be eligible to receive a Bonus Award in an amount up to such Participant’s target incentive, which is determined by the Committee prior to the Performance Period. In the event the Elevated Threshold Target is attained, the
Committee shall have the discretion to grant a Bonus Award to any Participant in excess of the target incentive amount, subject in each case to the Maximum Cash Opportunity amount. 

The Committee shall determine the actual amount that shall constitute the Bonus Award to each Participant by applying negative discretion as
the Committee deems appropriate. In applying negative discretion to determine the Bonus Award to be granted under the Program, the Committee shall consider, among other things, any actual or perceived inappropriate risks taken by Participants. 

Adjustments for Unusual or Nonrecurring Events 

In addition to any adjustments enumerated in the definition of Net Income or in connection with setting the Minimum Threshold Target, the
Committee is authorized to make adjustments in the terms and conditions of, and the criteria included in, awards in recognition of unusual or nonrecurring events affecting any Participant, the Company, or any Subsidiary or affiliate, or the
financial statements of the Company or of any Subsidiary or affiliate; in the event of changes in applicable laws, regulations or accounting principles; or in the event the Committee determines that such adjustments are appropriate in order to
prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Amended Plan. The Committee is also authorized to adjust performance targets or awards downward to avoid unwarranted windfalls.
Notwithstanding the foregoing, the Committee shall not make any adjustments to the Program that would prevent any awards made to Covered Officers from qualifying as “performance-based compensation” pursuant to Section 162(m) of the
Code. 
 Other Provisions 
 No Right
to Employment 
 The grant of an award shall not be construed as giving a Participant the right to be retained in the employ of the
Company or any Subsidiary or affiliate. 
 No Trust or Fund Created 

Neither the Program nor any award shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship
between the Company or any Subsidiary or affiliate and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Company or any Subsidiary or affiliate pursuant to an award, such right shall be no
greater than the right of any unsecured general creditor of the Company or any Subsidiary or affiliate. 
 No Rights to Awards 

No person shall have any claim to be granted any award and there is no obligation for uniformity of treatment among Participants. The terms and
conditions of awards, if any, need not be the same with respect to each Participant. The Company reserves the right to terminate the Program at any time in the Company’s sole discretion. 







 Section 409A of the Internal Revenue Code 

This Program is intended to comply with Section 409A of the Code and will be interpreted in a manner intended to comply with
Section 409A of the Code. 
 Net Income 

For purposes of the Program, Net Income means the Company’s after tax net income available to common stockholders, determined in
accordance with generally accepted accounting principles in the United States, adjusted to exclude (i) any unusual and/or non-recurring items, including but not limited to, the after-tax impact of any bargain purchase gains, acquisition-related
costs, liquidation charges related to contract terminations, information technology systems de-conversion and conversion costs, and any other similar costs or expenses and (ii) the effects of changes in tax law, accounting principles or other
such laws or provisions affecting reported results.