**WHITNEY      HOLDING CORPORATION**

**AMENDED      AND RESTATED**

**2001      DIRECTORS’ COMPENSATION PLAN**

**As      amended and restated effective January 1, 2008**

----

**WHITNEY      HOLDING CORPORATION**

**2001      DIRECTORS’ COMPENSATION PLAN**

**INDEX**

|                                                                                                    |                                                          | PAGE   |
|---------------------------------------------------------------------------------------------------------|---------------------------------------------------------------|--------|
| ARTICLE                  I - PURPOSE                                                                    | 1                                                             |
|                                                                                                    |                                                          |   |
| ARTICLE                  II - DEFINITIONS                                                               | 1                                                             |
|                                                                                                    |                                                          |   |
| ARTICLE                  III - ADOPTION; RESERVATION OF SHARES                                          | 4                                                             |
|                                                                                                    | Adoption                  and Effective Date                  | 4      |
|                                                                                                    | Number                  and Type of Shares                    | 4      |
|                                                                                                    | Cancellation                                                  | 5      |
|                                                                                                    | Adjustment                                                    | 5      |
|                                                                                                    |                                                          |   |
| ARTICLE                  IV - ELIGIBILITY AND PARTICIPATION                                             | 5                                                             |
|                                                                                                    |                                                          |   |
| ARTICLE                  V - TRANSFER OF COMMON STOCK                                                   | 5                                                             |
|                                                                                                    | Time                  of Transfer                             | 5      |
|                                                                                                    | Number                  of Shares                             | 5      |
|                                                                                                    | Restrictions                  on Transfer                     | 5      |
|                                                                                                    | Deferral                  of Common Stock                     | 6      |
|                                                                                                    |                                                          |   |
| ARTICLE                  VI - OPTIONS                                                                   | 6                                                             |
|                                                                                                    | Type                  of Options                              | 6      |
|                                                                                                    | Grant                  of Options                             | 6      |
|                                                                                                    | Early                  Termination of Options                 | 6      |
|                                                                                                    | Manner                  of Exercise; Issuance of Common Stock | 6      |
|                                                                                                    | Rights                  as Shareholders                       | 7      |
|                                                                                                    | Cause                                                         | 7      |
|                                                                                                    |                                                          |   |
| ARTICLE                  VII - DEFERRALS                                                                | 7                                                             |
|                                                                                                    | Deferral                  of Fees and Common Stock            | 7      |
|                                                                                                    |                                                          |   |
| ARTICLE                  VIII - MANTENANCE AND INVESTMENT OF DEFERRED BENEFIT                  ACCOUNTS | 8                                                             |
|                                                                                                    | Establishment                  of Accounts                    | 8      |
|                                                                                                    | Status                  of Accounts                           | 8      |
|                                                                                                    | Investment                  Policy                            | 8      |
|                                                                                                    | Investment                  of Accounts                       | 9      |
|                                                                                                    | Common                  Stock Credits                         | 9      |
|                                                                                                    | Accounting                                                    | 10     |
|                                                                                                    | Valuation                  Notice                             | 10     |
|                                                                                                    |                                                          |   |
| ARTICLE                  IX - SERVICE BENEFITS                                                          | 10                                                            |
|                                                                                                    | Form                  of Service Benefit                      | 10     |

----

|                                                                       | Amount                  of Service Benefit                                                                | 11     |
|----------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------|--------|
|                                                                       | Time                  of Payment                                                                          | 11     |
|                                                                       | Single-Sum                  Payment                                                                       | 11     |
|                                                                       | Schedule                  A                                                                               | 12     |
|                                                                       | Special                  Payment Election Rules                                                           | 12     |
|                                                                       |                                                                                                      |   |
| ARTICLE                  X - DEATH BENEFITS                                | 12                                                                                                        |
|                                                                       | Beneficiary                  Designation                                                                  | 12     |
|                                                                       | Participant's                  Death Before Benefit Commencement Date                                     | 12     |
|                                                                       | Participant's                  Death After Benefit Commencement Date                                      | 12     |
|                                                                       | Death                  of Beneficiary                                                                     | 13     |
|                                                                       |                                                                                                      |   |
| ARTICLE                  XI - HARDSHIP WITHDRAWALS AND OTHER DISTRIBUTIONS | 13                                                                                                        |
|                                                                       | Withdrawals                  on Account of Financial Hardship or Unforeseeable                  Emergency | 13     |
|                                                                       | Early                  Payments                                                                           | 14     |
|                                                                       | Change                  in Control                                                                        | 15     |
|                                                                       | Disability                  Benefit                                                                       | 15     |
|                                                                       |                                                                                                      |   |
| ARTICLE                  XII - PLAN ADMINISTRATION                         | 15                                                                                                        |
|                                                                       | Powers                                                                                                    | 15     |
|                                                                       | Payments                                                                                                  | 16     |
|                                                                       | Delegation                  of Administrative Authority                                                   | 16     |
|                                                                       |                                                                                                      |   |
| ARTICLE                  XIII - PARTICIPANTS' RIGHTS                       | 16                                                                                                        |
|                                                                       | Spendthrift                  Provision                                                                    | 16     |
|                                                                       | Transfer                  of Options                                                                      | 16     |
|                                                                       | Obligation                  for Benefit Payments                                                          | 16     |
|                                                                       | Tax                  Reporting                                                                            | 17     |
|                                                                       |                                                                                                      |   |
| ARTICLE                  XIV - MISCELLANEOUS                               | 17                                                                                                        |
|                                                                       | Termination                  of Plan                                                                      | 17     |
|                                                                       | Amendment                  and Modification                                                               | 17     |
|                                                                       | Funding                                                                                                   | 17     |
|                                                                       | Inurement                                                                                                 | 18     |
|                                                                       | Governing                  Law                                                                            | 18     |

----

**WHITNEY      HOLDING CORPORATION**

**AMENDED      AND RESTATED**

**2001      DIRECTORS’ COMPENSATION PLAN**

**Company**
**Plan**
**Predecessor Plan**

**ARTICLE      I**

**PURPOSE**

**ARTICLE      II**

**DEFINITIONS**

**Accounts**
**Account**

**Affiliate**

**Beneficiary**

**Benefit      Commencement Date**

----

**Board**
**Board of Directors**

**Change      in Control**

**Class      Year**

**Committee**

**Common      Stock**

**Common      Stock Credits**

**Deferral      Election**

**Deferred      Benefit Account**

**Determination      Date**
**Annual Determination      Date**

**Director’s      Predecessor Plan**

**Eligible      Director**

----

**Enrollment      Period**

**Fair      Market Value**

**Fees**

**Financial      Hardship **

**Grandfathered      Account**

**On-Line      Enrollment**

**Participant**

**Plan**

----

**Plan      Year**

**Schedule      A**

**Unforeseeable      Emergency**

**Other      Definitions.**
**Effective Date**
**Stock Transfer Date**
**Cause**
**Director’s Predecessor Account**
**Adverse Determination**
**Disabled**
** Disability**
**Exchange Act**

**ARTICLE      III**

**ADOPTION;      RESERVATION OF SHARES**

**Adoption      and Effective Date.**
**Effective Date**

**Number      and Type of Shares.**

----

**Cancellation.**

**Adjustment.**

**ARTICLE      IV**

**ELIGIBILITY      AND PARTICIPATION**

**ARTICLE      V**

**TRANSFER      OF COMMON STOCK**

**Time      of Transfer.**
**Stock      Transfer Date**

**Number      of Shares.**

**Restrictions      on Transfer.**

----

**Deferral      of Common Stock.**

**ARTICLE      VI**

**OPTIONS**

**Type      of Options**
**.**
**Option**

**Grant      of Options**
**.**

|   |   | a. | **Date                of Grant.**  Options hereunder shall be granted annually                as of each Stock Transfer Date, provided the recipient thereof is                an                Eligible Director as of such date. |
|--------|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | b. | **Option                Price.**  The price of any Option granted hereunder shall                be the Fair Market Value of Common Stock, determined as of the date                of                grant. |
|--------|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | c. | **Amount.**  The                number of shares of Common Stock subject to each Option granted hereunder                shall be 1,000 shares, subject to adjustment as provided in Section                3.4                hereof. Effective as of June 30, 2002, the number of shares of Common                Stock subject to each Option granted hereunder shall be 2,000 shares,                subject to adjustment as provided in Section 3.4                hereof. |
|--------|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | d. | **Term.**  Except                as provided in Section 6.3, Options granted hereunder on or after                June 30,                2002, shall be immediately exercisable; options granted prior to                such date                shall be exercisable six months and one day after the Stock Transfer                Date                on which such Options were granted. Options shall expire ten years                from                the date of grant. |
|--------|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   |   | e. | **Agreement.**  Options                granted hereunder shall be evidenced by a written agreement between                the                Committee and each Eligible                Director. |
|--------|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Early      Termination of Options**
**.**

**Manner      of Exercise; Issuance of Common Stock**
**.**

----

**Rights      as Shareholders**
**.**

**Cause**
**.**
**Cause**
*nolo      contendere*

**ARTICLE      VII**

**DEFERRALS**

**Deferral      of Fees and Common Stock.**

|   | a. | **Initial                Deferral Election.**  During the 30-day period                immediately following receipt of initial notice from the Committee                in                accordance with Article IV hereof; such election shall be effective                with                respect to Fees payable with respect to services performed after                such                election is received and accepted by the Committee and for shares                of                Common Stock transferred to such Eligible Director after such election                is                received and accepted by the Committee;                or |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | **Subsequent                Deferral Elections.**  After the Participant’s Initial                Deferral Election, each Participant is required to complete a new                Deferral                Election during each Enrollment Period.  Any such Deferral                Elections made during the Enrollment Period shall apply solely to                shares                of Common Stock |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | transferred                and to Fees payable with respect to services performed after January                1 of                the immediately following Class                Year. |
|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE      VIII**

**MAINTENANCE      AND INVESTMENT OF DEFERRED BENEFIT ACCOUNTS**

**Establishment      of Accounts.**

|   | a. | A                **Deferred Benefit Account**, which shall be credited with an                Eligible Director’s Fees deferred hereunder. A Deferred Benefit Account                may be administered as one or more sub-accounts to facilitate (i)                a                particular method of crediting income, gain or losses, (ii) the                administration of Common Stock Credits and dividend equivalent units,                or                (iii) for such other purpose as the Committee may deem necessary                or                appropriate; and/or |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | A                **Director’s Predecessor Account**, which shall be credited                with each Participant’s balance in the Directors Predecessor Plan,                determined as of the Effective Date (or such later date designated                by the                Committee). No additional deferrals shall be credited to such                account. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Status      of Accounts.**

**Investment      Policy.**

----

**Investment      of Accounts.**

|   | a. | An                equity fund, which fund shall consist primarily of shares of common                or                preferred stock issued by companies other than the Company or an                Affiliate; |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | A                stable value fund, which fund shall provide for the return of principal                and interest at a rate established, from time to time, by such fund,                a                fund consisting of multiple guaranteed investment contracts, or a                money                market or similar cash equivalent                fund; |
|--------|----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | An                international fund, which fund shall consist primarily of shares                of                publicly traded mutual funds that invest primarily in securities                of                companies located in the Americas (other than U.S.), the Far East,                the                Pacific rim and Western Europe; |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | A                fixed income fund, which fund shall consist primarily of interest-bearing                securities issued by companies other than the Company and its Affiliates,                commercial paper, interest-bearing securities issued by the United                States                government or an agency or instrumentality thereof and other forms                of                interest-bearing investments; |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | e. | Common                Stock Credits; and |
|--------|----|------------------------------------------|

|   | f. | Such                other investment options as may be designated by the Committee, in                its                sole discretion, from time to time; provided, however, that a fund                consisting solely or primarily of Common Stock Credits, shall at                all                times, be maintained hereunder. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Common      Stock Credits.**

----

**Accounting.**

|   | a. | There                shall be credited to each Deferred Benefit Account the amount of                any Fees                deferred not later than 30 days following the applicable payment                date. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Interest,                gain or loss, including, without limitation, dividend equivalent                units,                shall be credited (or charged) to the Participant’s Accounts for the                period since the immediately preceding Determination                Date. |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Each                Account shall be reduced by any payment or other form of distribution                or                transfer made since the immediately preceding Determination                Date. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Valuation      Notice.**

**ARTICLE      IX**

**SERVICE      BENEFITS**

**Form      of Service Benefit.**

|   | a. | Substantially                equal annual installment payments for a period of five consecutive                years;                or |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------|

----

|   | b. | Substantially                equal annual installment payments for a period of ten consecutive                years;                or |
|--------|----|----------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | A                single-sum payment. |
|--------|----|--------------------------------------|

**Amount      of Service Benefit.**

|   | a. | If                such benefit is paid in the form of a single-sum, such benefit shall                equal                the aggregate amount credited to such Participant’s Accounts for each                Class Year as of the Determination Date that corresponds to or immediately                follows such Participant’s Benefit Commencement                Date. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | If                such benefit is paid in the form of installments, the amount of each                annual installment shall equal the aggregate value of the Participant’s                Accounts for each Class Year as of the Annual Determination Date                that                coincides with or immediately precedes the payment date multiplied                by a                fraction (i) the numerator of which is one, and (ii) the denominator                of                which is the number of annual installments remaining to be paid pursuant                to the Participant’s election. To effect the payment of any installment                hereunder, each Participant’s investment specifications shall be deemed                liquidated and distributed on a pro rata basis. During the installment                period, the Participant’s Accounts shall be credited with income, gain or                loss in accordance with the provisions of Article VIII                hereof. |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Time      of Payment.**

**Single-Sum      Payment.**

----

**Schedule      A.**

**Special      Payment Election Rules**
**.  **

|   | a. | Any                election to change the time and form of distribution may not take                effect                until at least 12 months after the date on which the election is                made; |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | Other                than in the event of death, the first payment with respect to such                election must be deferred for a period of at least 5 years from the                date                such payment otherwise would have been made;                and |
|--------|----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | Any                election related to a change in the payment date must be executed                at least                12 months prior to the date on which the payment being changed was                scheduled to begin. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE      X**

**DEATH      BENEFITS**

**Beneficiary      Designation.**

**Participant’s      Death Before Benefit Commencement Date.**

**Participant’s      Death After Benefit Commencement Date.**

----

**Death      of Beneficiary.**

**ARTICLE      XI**

**HARDSHIP      WITHDRAWALS AND OTHER DISTRIBUTIONS**

**Withdrawals      on Account of Financial Hardship or Unforeseeable      Emergency.**

|   | a. | Withdrawals                for Financial Hardship shall be limited to amounts in a Participant’s                Grandfathered Account and withdrawals for Unforeseeable Emergency                shall be                limited to amounts in a Participant’s Non-Grandfathered                Account.   . |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | A                request for withdrawal shall be made, in writing, and shall set forth                the                circumstances surrounding the Financial Hardship. As a condition                of and                part of such request, the Participant shall provide to the Committee                his                or her written representation that (i) the hardship cannot be relieved                by                insurance or other reimbursement reasonably available to the Participant,                (ii) the hardship can only be relieved by liquidation of the Participant’s                assets and any such liquidation would itself result in severe damage                or                injury to the Participant, and (iii) the Participant has no reasonable                borrowing capacity to relieve the hardship. The Committee shall be                entitled to request such additional information as may be reasonably                required to determine whether a Financial Hardship exists and the                amount                of the hardship and to establish additional conditions precedent                to the                review or granting of a request for a withdrawal on account of a                Financial                Hardship. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | c. | If                the Committee determines that a Financial Hardship exists, the Committee                may authorize the immediate distribution of an amount required to                meet the                financial need created by such hardship, including any taxes payable                on                account of such distribution. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | d. | To                effect a withdrawal hereunder, each Participant’s investment                specifications shall be deemed liquidated on a pro rata                basis. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | e. | The                amount of a withdrawal on account of a Financial Hardship shall reduce                the                amount credited to a Participant’s Accounts, and the Participant’s                Accounts shall be reduced by an amount equal to 10% of the amount                withdrawn. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | f. | The                Committee shall require, as a condition of any withdrawal on account                of a                Financial Hardship, the termination of any deferral election as to                any                Fees with respect to which services have not yet been performed and                shares                of Common Stock which have not been transferred to the Participant.                In no                event shall the affected Participant be entitled to enter into a                new                Schedule A or complete the On-Line Enrollment process until the January                1st                immediately following the year in which such cessation of a deferral                occurs. |
|--------|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | g. | The                Committee may establish such additional rules as may be reasonably                required to administer the withdrawal of amounts under this Section                11.1.                Such rules may include, but shall not be limited to, the imposition                of                additional conditions precedent to the withdrawal, the determination                of                the amount of any benefit reduction, and the disposition of any terminated                deferral election under Section 11.1f, hereof. The determination                by the                Committee as to all matters pertaining to a Financial Hardship shall                be                final and binding upon all affected Participants and                Beneficiaries. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Early      Payments.**
**Adverse Determination**

----

**Change      in Control.**

**Disability      Benefit.**
**Disabled”**
** **
**Disability**

|   | a. | The                benefit described in Section 9.2 is the value of the Participant’s Account                as of the Participant’s Disability determination                date. |
|--------|----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | b. | The                Company shall pay the benefit to the Participant in the payment form                elected by the Participant during the On-Line Enrollment process                or on                Schedule A for each Class Year commencing on the first day of the                month                following the month which includes the Disability determination                date. |
|--------|----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**ARTICLE      XII**

**PLAN      ADMINISTRATION**

**Powers.**

----

**Payments.**

**Delegation      of Administrative Authority.**

**ARTICLE      XIII**

**PARTICIPANTS’      RIGHTS**

**Spendthrift      Provision.**

**Transfer      of Options**
**.**
**immediate family**
**Exchange      Act**

**Obligation      for Benefit Payments.**

----

**Tax      Reporting.**

**ARTICLE      XIV**

**MISCELLANEOUS**

**Termination      of Plan.**

**Amendment      and Modification.**

**Funding.**

----

**Inurement.**

**Governing      Law.**

**THIS      PLAN**

**WHITNEY      HOLDING      CORPORATION**

----

**WHITNEY      HOLDING CORPORATION**

**2001      DIRECTORS’ COMPENSATION PLAN**

**EXHIBIT      A**

| **Name**                             | **Federal                Tax Identification Number** |
|--------------------------------------|------------------------------------------------------|
| Whitney                National Bank | 72-0352102                                           |

|  -                19 - |
|-----------------------------|
|                        |