**Whitney      Holding Corporation**

**PERFORMANCE-BASED      RESTRICTED STOCK UNIT AGREEMENT**

*Non-transferable*

***____________***

*(“Grantee”)*

| WHITNEY                HOLDING CORPORATION  By:                William L Marks      Chairman                of the Board and Chief Executive Officer  | Grant                Date:  July 10, 2007  Accepted                by Grantee:__________________ |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------|

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**TERMS      AND CONDITIONS**

| (i) | Return                on Average Assets (“ROAA”) and Return on Average Equity                (“ROAE”) are non-GAAP financial measures for the Corporation for a given                year, as reflected in the Corporation’s year-end earnings                release. |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (ii) | Performance                Cycle means the period beginning on January 1, 2007 and ending on                December 31, 2009, or, if a Change in Control occurs prior to December                31,                2009, the period beginning on January 1, 2007 and ending on the December                31 next preceding the date of the Change in                Control. |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iii) | Peer                Banks, for each year in the Performance Cycle, means the same bank                peer group used for comparison of the Corporation’s performance under the                Whitney Holding Corporation Executive Compensation Plan in such                year. |
|-------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (iv) | Prorated                Target Award means, in the case of Grantee’s termination prior to the                Vesting Date due to death, Disability, Retirement or involuntary                severance                without Cause, the Target Award multiplied by a fraction, the numerator                of                which is the number of days elapsed from the Grant Date to the date                of                such termination of employment and the denominator of which is                1095. |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (v) | Vesting                Date means the earlier of July10,                2010 or the                occurrence of a Change in Control. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------|

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**EXHIBIT      A**

**General**

**Performance      Measurement Formula**

| **Corporation’s                3-Year Average****Composite                Performance****Ranking                among Peer Banks** | **Percent                of Target Award****(or                Prorated Target Award)****Earned** |
|------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------|
| 100%                                                                                                                                     | 200%                                                                                              |
| 98%                                                                                                                                      | 195%                                                                                              |
| 96%                                                                                                                                      | 190%                                                                                              |
| 94%                                                                                                                                      | 185%                                                                                              |
| 92%                                                                                                                                      | 180%                                                                                              |
| 90%                                                                                                                                      | 175%                                                                                              |
| 88%                                                                                                                                      | 170%                                                                                              |
| 86%                                                                                                                                      | 165%                                                                                              |
| 84%                                                                                                                                      | 160%                                                                                              |
| 82%                                                                                                                                      | 155%                                                                                              |
| 80%                                                                                                                                      | 150%                                                                                              |
| 78%                                                                                                                                      | 145%                                                                                              |
| 76%                                                                                                                                      | 140%                                                                                              |
| 74%                                                                                                                                      | 135%                                                                                              |
| 72%                                                                                                                                      | 130%                                                                                              |
| 70%                                                                                                                                      | 125%                                                                                              |
| 68%                                                                                                                                      | 120%                                                                                              |
| 66%                                                                                                                                      | 115%                                                                                              |
| 64%                                                                                                                                      | 110%                                                                                              |
| 62%                                                                                                                                      | 105%                                                                                              |

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| 60%     | 100%   |
|---------|--------|
| 58%     | 95.75% |
| 56%     | 91.50% |
| 54%     | 87.25% |
| 52%     | 83.00% |
| 50%     | 78.75% |
| 48%     | 74.50% |
| 46%     | 70.25% |
| 44%     | 66.00% |
| 42%     | 61.75% |
| 40%     | 57.50% |
| 38%     | 53.25% |
| 36%     | 49.00% |
| 34%     | 44.75% |
| 32%     | 40.50% |
| 30%     | 36.25% |
| 28%     | 32.00% |
| 26%     | 27.65% |
| 25%     | 25.00% |
| <25% | 0.00%  |

**Change      in Control:  **

**Code      Section 162(m):  **