Document:

EXHIBIT 4.3

 Exhibit 4.3 
 SILVER STATE BANCORP 
 2008 OMNIBUS
EQUITY PLAN 
 STOCK OPTION AGREEMENT

  

					
	  

					
	Name of Optionee	  		  	Social Security Number

					
	
	  

	Street Address
	
	  

	City	  	State	  	ZIP Code

 This Stock Option Agreement is intended to set forth the terms and conditions on which a Stock Option has been
granted under the Silver State Bancorp 2008 Omnibus Equity Plan. Set forth below are the specific terms and conditions applicable to this Stock Option. Attached as Exhibit A are its general terms and conditions. 
  

									
	 Option Grant
	  	(A)	  	(B)	  	(C)	  	(D)
					
	 Grant Date:
	  		  		  		  	
					
	 Class of Optioned Shares*
	  	Common	  	Common	  	Common	  	Common
					
	 No. of Optioned Shares*
	  		  		  		  	
					
	 Exercise Price Per Share*
	  		  		  		  	
					
	 Option Type (ISO or NQSO)
	  		  		  		  	
					
	 Vesting
	  		  		  		  	
					
	 Earliest Exercise Date*
	  		  		  		  	
					
	 Option Expiration Date*
	  		  		  		  	

  

	*	Subject to adjustment as provided in the Plan and the General Terms and Conditions. 

 By signing where indicated below, Silver State Bancorp (the “Company”) grants this Stock Option upon the specified terms and conditions, and the Optionee acknowledges receipt of this Stock Option Agreement,
including Exhibit A, and agrees to observe and be bound by the terms and conditions set forth herein and acknowledges receipt of a copy of the Silver State Bancorp 2008 Omnibus Equity Plan. 
  

					
	SILVER STATE BANCORP	 	OPTIONEE
	 By
	 	  
	 	  

	 Name:
	 		 	
	 Title:
	 		 	

  
  
 Instructions: This page should be completed by or on behalf of the Compensation Committee. Any blank space intentionally left blank should be crossed out. An
option grant consists of a number of optioned shares with uniform terms and conditions. Where options are granted on the same date with varying terms and conditions (for example, varying exercise prices or earliest exercise dates), the options
should be recorded as a series of grants each with its own uniform terms and conditions. 

 EXHIBIT A 
 SILVER STATE BANCORP 
 2008 OMNIBUS
EQUITY PLAN 
 STOCK OPTION AGREEMENT 

General Terms and Conditions 
 Section 1. Option Size and Type. The number of shares of Common Stock, par value $0.001 per share (“Shares”), that have been optioned to you under the Silver State Bancorp 2008 Omnibus Equity Plan (the
“Plan”) is specified in this Stock Option Agreement. If the “Option Type” shown for your stock option is “ISO”, then your stock option has been designed with the intent that it qualify to the maximum permissible extent
for the special tax benefits applicable to incentive stock options under the Internal Revenue Code of 1986. If the “Option Type” shown for your stock options is “NQSO”, then incentive stock option tax treatment is not applicable.

 Section 2. Exercise Price. The Exercise Price for your stock options is the price per Share at which you may
acquire the Shares that have been optioned to you and is specified in this Stock Option Agreement. As a general rule, the Exercise Price for your stock options will not change unless there is a stock split, stock dividend, merger or other major
corporate event that justifies an adjustment. 
 Section 3. Vesting. 
 (a) Earliest Exercise Date. You may not exercise your stock options until they are vested. The date on which your stock
options become vested is specified in this Stock Option Agreement as the Earliest Exercise Date. As a general rule, you must be in the service of the Company on an Earliest Exercise Date in order to be vested in the stock options that vest on that
date. You may acquire the Shares that have been optioned to you by exercising your stock options at any time during the period beginning on the Earliest Exercise Date and continuing until the applicable Option Expiration Date, by completing and
filing the Notice of Exercise of Stock Option that is attached to this Stock Option Agreement as Appendix A and by following the procedures outlined therein. 
 (b) Forfeitures. If you terminate service with the Company prior to an Earliest Exercise Date, you will forfeit any stock
options that are scheduled to vest on that date. When you forfeit stock options, you relinquish any and all rights that you have to acquire the Shares that were optioned to you. 
 (c) Accelerated Vesting. Your outstanding stock options that have not previously vested will become fully and immediately
vested, without any further action on your part, in the event of a Change in Control that occurs before your termination of service with the Company. If vesting accelerates, the accelerated vesting date will be the applicable Earliest Exercise Date.

 Section 4. Option Expiration Date. To derive any benefit from your stock options, you must exercise them during
the period that begins on the applicable Earliest Exercise Date and ends on the Option Expiration Date. The Option Expiration Date for your stock options is specified in this Stock Option Agreement. Your Option Expiration Date may be accelerated in
the event of your termination of service with the Company. Your stock options will expire on the earliest of (i) the Option Expiration Date, (ii) three months after your termination of service with the Company for any reason other than
death or Termination for Cause (as defined in the Plan); (iii) one year after your termination of service due to death; and (iv) the date and time of your Termination for Cause. 
 Note: To qualify for the favorable tax treatment accorded to incentive stock options, you (or, in the event of your death, your estate or
designated beneficiaries) must exercise any stock options that are designated as ISOs within three months after you terminate service as a common-law employee of the Company and its affiliates for any reason other than death or disability and within
one year after you terminate service as common-law employee due to your death or disability. If they are exercised later, they will be subject to tax as if they were designated as NQSOs. 
 Section 5. Amendment. This Stock Option Agreement may be amended, in whole or in part and in any manner not inconsistent with
the provisions of the Plan, at any time and from time to time, by written agreement between the Company and you. 
 Section 6.
Plan Provisions Control. This Stock Option Agreement and the rights and obligations created hereunder shall be subject to all of the terms and conditions of the Plan. In the event of any conflict between the provisions of the Plan and
the provisions of this Stock Option Agreement, the terms of the Plan, which are incorporated herein by reference, shall control. Capitalized terms in this Stock Option Agreement have the meaning defined in the Plan, as amended from time to time,
unless stated otherwise. By signing this Stock Option Agreement, you acknowledge receipt of a copy of the Plan. 

 APPENDIX A TO STOCK OPTION
AGREEMENT 
 SILVER STATE BANCORP 2008 OMNIBUS EQUITY
PLAN 
 NOTICE OF EXERCISE OF STOCK
OPTION 
 Use this Notice to inform Silver State Bancorp that you are exercising your right to purchase shares of
common stock (“Shares”) of Silver State Bancorp pursuant to an option (“Option”) granted under the Silver State Bancorp 2008 Omnibus Equity Plan (“Plan”). If you are not the person to whom the Option was granted
(“Option Recipient”), you must attach to this Notice proof of your right to exercise the Option granted under the Stock Option Agreement entered into between Silver State Bancorp and the Option Recipient (“Agreement”). This
Notice should be personally delivered or mailed by certified mail, return receipt requested to: Silver State Bancorp, 170 S. Green Parkway, Henderson, NV 89012, Attention: Compensation Committee. The effective date of the exercise of the Option
shall be the earliest date practicable following the date this Notice is received by Silver State Bancorp (“Effective Date”). Except as specifically provided to the contrary herein, capitalized terms shall have the meanings assigned to
them under the Plan. 
  

															
	OPTION INFORMATION 	 	Identify below the Option that you are exercising by providing the following information from the Stock Option Agreement.

													
					
		 	 Name of Option Recipient:
	 	  
	  		  	
						
		 	Option Grant Date:	 	                                     
       ,                         	  		  	Exercise Price per share:	  	$                    .               
 
		 		 	    (Month and Day)	 	            (Year)	  		  		  	

  

			
	EXERCISE PRICE	 	Compute the Exercise Price below and select a method of payment.

  

																					
		 	 Total Exercise Price
	 	  
	 	    x $	 	  
	 	.	 	  
	 	= $	 	  
	  	

															
		 		 	(No. of Shares)	 		 	 (Exercise Price)
	  	Total Exercise Price	  	
								
		 	Method of Payment	 		 		 		  		  		  	

															
				
		 	  ̈        
	 	 I enclose a certified check, money order, or bank draft payable to the order of Silver State Bancorp in the amount of
	  	 $                    

				
		 	  ̈        
	 	I enclose Shares I have owned for at least six months duly endorsed for transfer to Silver State Bancorp with all stamps attached and having a fair market value of*	  	$                    
				
		 		 	Total Exercise Price 	  	$                    

													
		
		 	*Subject to Compensation Committee approval as an acceptable method of payment.

 ISSUANCE OF CERTIFICATES 
 I hereby direct that the stock certificates representing the Shares purchased pursuant to section 2 above be issued to the following person(s) in the amount specified below: 
  

													
	 Name and Address
	 	 Social Security No.
	  	 No. of Shares

	  
	 		  	
	 	  
	  
	 	                     -                 
   -                                    

  
	  	  
  

			
	  
	 		  	  
  

	  
	 	                     -                 
   -                                    

  
	  

  

			
		
	WITHHOLDING ELECTIONS	 	For Employee Option Recipients with Non-Qualified Stock Options only. Beneficiaries should not complete. 

 I understand that I am responsible for the amount of federal, state and local taxes required to be
withheld with respect to the Shares to be issued to me pursuant to this Notice, but that I may request Silver State Bancorp to retain or sell a sufficient number of such Shares to cover the amount to be withheld. I hereby request that any taxes
required to be withheld be paid in the following manner [check one]: 
  

															
			
		 	  ̈        
	 	With a certified or bank check that I will deliver to Silver State Bancorp on the day after the Effective Date of my Option exercise.
			
		 	  ̈        
	 	With the proceeds from a sale of Shares that would otherwise be distributed to me.
			
		 	 ̈	 	Retain shares that would otherwise be distributed to me and that have a value equal to the minimum amount required to be withheld by law.

 I understand that the withholding elections I have made on this form are not binding on the
Compensation Committee, and that the Compensation Committee will decide the amount to be withheld and the method of withholding and advise me of its decision prior to the Effective Date. I further understand that the Compensation Committee may
request additional information or assurances regarding the manner and time at which I will report the income attributable to the distribution to be made to me. I further understand that if I have elected to have Shares sold to satisfy tax
withholding, I may be asked to pay a minimal amount of such taxes in cash in order to avoid the sale of more Shares than are necessary. 
 COMPLIANCE WITH
TAX AND SECURITIES LAWS 
  

											
	 S
 I
 G
 N
	 	 H
 E
 R
 E

	 	I understand that I must rely on, and consult with, my own tax and legal counsel (and not Silver State Bancorp) regarding the application of all laws—particularly tax and
securities laws—to the transactions to be effected pursuant to my Option and this Notice. I understand that I will be responsible for paying any federal, state and local taxes that may become due upon the sale (including a sale pursuant to a
“cashless exercise”) or other disposition of Shares issued pursuant to this Notice and that I must consult with my own tax advisor regarding how and when such income will be reportable.
		 		 	  
	    	  

		 		 	Signature	    	Date

							
		  		  		  	

  

					
	 	 	Internal Use Only	  	 
		 		  	

  

															
	 Received [check one]:
	 		  	 ̈	 	  	By Hand	  	 ̈	 	  	By Mail Post Marked	  	  

		 		  			  		  			  		  	Date of Post Mark

  

									
	 By
	 	  
	  		  	  

		 	Authorized Signature	  		  	Date of Receipt

 APPENDIX B TO STOCK OPTION
AGREEMENT 
 SILVER STATE BANCORP 
 2008 OMNIBUS EQUITY PLAN 
 Beneficiary Designation Form 
  

									
	 GENERAL
 INFORMATION
	 	Use this form to designate the Beneficiary(ies) who will receive vested stock options outstanding to you at the time of your death.
			
	 Name of Award
 Recipient
	 	  
	 	Social Security Number             –            –    
                
		
	 BENEFICIARY
 DESIGNATION
	 	Complete sections A and B. If no percentage shares are specified, each Beneficiary in the same class (primary or contingent) shall have an equal share. If any designated
Beneficiary predeceases you, the shares of each remaining Beneficiary in the same class (primary or contingent) shall be increased proportionately.
	
	A. PRIMARY BENEFICIARY(IES). I hereby designate the following person as my primary Beneficiary under the Plan, reserving the right to change or revoke this designation at any
time prior to my death:

										
					
	 Name
	 	 Address
	 	 Relationship
	  	 Birthdate
	  	Share	 
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	             
	%  

		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	             
	%  

		 	  
	 		  		  		
		 		 		  		  	Total=100	%
	
	 B. CONTINGENT BENEFICIARY(IES). I hereby designate the following person(s) as my contingent Beneficiary(ies) under the Plan to
receive benefits only if all of my primary Beneficiaries should predecease me, reserving the right to change or revoke this designation at any time prior to my death:
  
	    
 

					
	 Name
	 	 Address
	 	 Relationship
	  	 Birthdate
	  	Share	 
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
		 		 		  		  	Total=100	%

											
			
	 S
 I
 G
 N
	 	 H
 E
 R
 E
	 	I understand that this Beneficiary Designation shall be effective only if properly completed and received by the Compensation Committee of Silver State Bancorp prior to my death, and
that it is subject to all of the terms and conditions of the Plan. I also understand that an effective Beneficiary designation revokes my prior designation(s) with respect to all outstanding Stock Options.
				
		 		 	  
	  	  

		 		 	Your Signature	  	Date

  

					
	 	 	Internal Use Only	  	 

  

							
	 This Beneficiary Designation was received by the Compensation Committee of Silver State Bancorp on the date
indicated.
	  	Comments

  

											
	 By
	  	  
	  	  
	  		  		  	
		  	Authorized Signature	  	DateEXHIBIT 4.4

 Exhibit 4.4 
 SILVER STATE BANCORP 
 2008 OMNIBUS
EQUITY PLAN 
 RESTRICTED STOCK AWARD
NOTICE 
  

							
	  
	  		  	  

	Name of Award Recipient	  		  	Social Security Number

					
	
	  

	Street Address
			
	  
	  	  
	  	  

	City	  	State	  	ZIP Code

 This Restricted Stock Award Notice is intended to set forth the terms and conditions on which an Award has been
granted under the Silver State Bancorp 2008 Omnibus Equity Plan. Set forth below are the specific terms and conditions applicable to this Award. Attached as Exhibit A are its general terms and conditions. 
  

									
	 Restricted Stock Award
	  	(A)	  	(B)	  	(C)	  	(D)
	 Effective Date
	  		  		  		  	
	 Class of Shares*
	  	Common	  	Common	  	Common	  	Common
	 No. of Awarded Shares*
	  		  		  		  	
	 Type of Award (Escrow or Legended Certificate)
	  		  		  		  	
	 Vesting Date*
	  		  		  		  	

  

	*	Subject to adjustment as provided in the Plan and the General Terms and Conditions. 

 By signing where indicated below, Silver State Bancorp (the “Company”) grants this Award upon the specified terms and conditions, and the Award Recipient acknowledges receipt of this Restricted Stock Award
Notice, including Exhibit A, and agrees to observe and be bound by the terms and conditions set forth herein. 
  

					
	SILVER STATE BANCORP	 	AWARD RECIPIENT
			
	 By
	 	  
	 	  

	Name:	 		 	
	Title:	 	Chairman, Compensation Committee	 	

 Instructions: This page should be completed by or on behalf of the Compensation Committee. Any blank space
intentionally left blank should be crossed out. An Award consists of shares granted with uniform terms and conditions. Where shares granted under an Award are awarded on the same date with varying terms and conditions (for example, varying vesting
dates), the awards should be recorded as a series of grants each with its own uniform terms and conditions. 

 EXHIBIT A 
 SILVER STATE BANCORP 
 2008 OMNIBUS
EQUITY PLAN  
 RESTRICTED STOCK
AWARD 
 General Terms And Conditions 
 Section 1. Size and Type of Award. The shares of Common Stock, par value $0.001 per share, of Silver State Bancorp
(“Shares”) covered by this Award (“Awarded Shares”) are listed on this Restricted Stock Award Notice. Your Restricted Stock Award Notice designates the Awarded Shares as either “Escrow” or “Legended
Certificate”. 
 (a) Legended Certificate. If your Awarded Shares are
designated “Legended Certificate,” a stock certificate evidencing the Awarded Shares will be issued in your name and held in a brokerage account at the Plan Trustee. The stock certificate will bear a legend indicating that it is subject to
all of the terms and conditions of this Award Notice and the Plan. You will be required to elect to be taxed on the Fair Market Value of the Awarded Shares as of the date they are placed in the brokerage account in your name, pursuant to section
83(b) of the Internal Revenue Code of 1986, as amended. You must make this election in writing, in the manner required by applicable Internal Revenue Service Regulations, and file it with the Internal Revenue Service and the Company within 30 days
after the date on which the Awarded Shares are placed in your brokerage account. 
 (b) Escrow. If
your Awarded Shares are designated “Escrow,” the Awarded Shares will either be held in the name of the Plan Trustee or Compensation Committee on a pooled basis with other Awarded Shares that have been designated “Escrow,” or they
will be evidenced by a legended stock certificate in your name that will be placed in a brokerage account for you at the Plan Trustee. You will not be permitted to elect to be taxed currently on the Fair Market Value of the Awarded Shares and
instead will be subject to income tax on the Awarded Shares as and when they become vested. 
 Section 2. Vesting.

 (a) Vesting Dates. The Vesting Dates for your Awarded Shares are specified on this Award
Notice. On each Vesting Date, you will obtain unrestricted ownership of the Awarded Shares that vest on that Vesting Date. A stock certificate (or a book entry listing) evidencing your unrestricted ownership of the vested Awarded Shares will be
deposited in your brokerage account at the Plan Trustee. If a legended stock certificate evidencing these Awarded Shares was previously placed in your brokerage account, it will be exchanged for an unrestricted certificate or book entry listing.

 (b) Forfeitures. If you terminate service with the Company prior to a Vesting Date, you will
forfeit any Awarded Shares that are scheduled to vest on that date. When you forfeit Awarded Shares, all of your interest in the Awarded Shares will be canceled and any stock certificate or other evidence of ownership that was placed in a brokerage
account for you will be returned to the Plan Trustee to be used for future awards to others. You agree to take any action and execute and deliver any document that the Company requests to effect the return of your unvested Awarded Shares. In the
event you do not cooperate with the Company in this regard, you hereby appoint and designate the Company as your attorney-in-fact for the purpose of taking any action and signing any document, in your name, which the Company determines is necessary
to enforce the forfeiture. 
 (c) Accelerated Vesting. All of your Awarded Shares that have not
previously vested will become fully vested immediately, and without any further action on your part, in the event a Change in Control (as defined in the Plan). 
 (d) Definition of Service. For purposes of determining the vesting of your Awarded Shares, you will be deemed
to be in the service of the Company for so long as you serve in any capacity as an employee, officer, non-employee director or emeritus director of the Company or its affiliates. 
 Section 3. Dividends. If your Awarded Shares are in the form of Legended Certificates, any dividends declared by the Company with a
record date that is after the Effective Date specified in this Award Notice will be credited to your brokerage account at the Plan Trustee for your benefit on an unrestricted basis. If your Awarded Shares are designated “Escrow”, you will
receive the dividends on an unrestricted basis, but they will be paid to you by, and will be taxable in the same manner as other compensation paid to you by, the Company; by signing this Award Notice and accepting its terms, you direct the Plan
Trustee to remit to the Company for payment to you any dividends that either of them may receive as the record holder of your unvested Awarded Shares. 
 Section 4. Voting Rights. You shall have the right to control all voting rights relating to all unvested Awarded Shares. If your Awarded Shares are placed in your brokerage account at the Plan
Trustee, you will receive proxy materials for voting in the same manner as other shareholders with Shares in brokerage accounts. If your unvested Awarded Shares are held by the Plan Trustee, the Plan Trustee will ask you for voting directions and
will follow your directions in voting your unvested Awarded Shares. 
 Section 5. Amendment. This Award Notice may be
amended, in whole or in part and in any manner not inconsistent with the provisions of the Plan, at any time and from time to time, by written agreement between you and the Company. 
 Section 6. Plan Provisions Control. This Award Notice, and the rights and obligations created hereunder, shall be subject to all of
the terms and conditions of the Plan. In the event of any conflict between the provisions of the Plan and the provisions of this Award Notice, the terms of the Plan, which are incorporated herein by reference, shall control. 

 APPENDIX A TO RESTRICTED STOCK
AWARD NOTICE 
 SILVER STATE BANCORP 
 2008 OMNIBUS EQUITY PLAN 
 Beneficiary Designation Form 
  

					
	 GENERAL
 INFORMATION
	 	Use this form to designate the Beneficiary(ies) who will receive Shares available for distribution at the time of your death.
			
	 Name of Award
 Recipient
	 	  
	 	Social Security Number             –            –    
                
		
	 BENEFICIARY
 DESIGNATION
	 	Complete sections A and B. If no percentage shares are specified, each Beneficiary in the same class (primary or contingent) shall have an equal share. If any designated
Beneficiary predeceases you, the shares of each remaining Beneficiary in the same class (primary or contingent) shall be increased proportionately.
	
	A. PRIMARY BENEFICIARY(IES). I hereby designate the following person as my primary Beneficiary under the Plan, reserving the right to change or revoke this designation at any
time prior to my death:

  

										
					
	 Name
	 	 Address
	 	 Relationship
	  	 Birthdate
	  	Share	 
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
		 		 		  		  	Total = 100	%
	
	B. CONTINGENT BENEFICIARY(IES). I hereby designate the following person(s) as my contingent Beneficiary(ies) under the Plan to receive benefits only if all of my primary
Beneficiaries should predecease me, reserving the right to change or revoke this designation at any time prior to my death with respect to all outstanding Awarded Shares:	   
					
	 Name
	 	 Address
	 	 Relationship
	  	 Birthdate
	  	Share	 
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
	  
  
	 	  
	 	  
  
	  	  
  
	  	            	%
		 	  
	 		  		  		
		 		 		  		  	Total = 100	%

									
			
	 S
 I
 G
 N
	 	 H
 E
 R
 E
	 	I understand that this Beneficiary Designation shall be effective only if properly completed and received by the Corporate Secretary of Silver State Bancorp prior to my death, and
that it is subject to all of the terms and conditions of the Plan. I also understand that an effective Beneficiary designation revokes my prior designation(s) with respect to all outstanding Awarded Shares.
				
		 		 	  
	  	  

		 		 	Your Signature	  	Date

  

					
	 	 	Internal Use Only	  	 

  

							
	This Beneficiary Designation was received by the Corporate Secretary of Silver State Bancorp on the date indicated.	  	Comments

  

											
	 By
	  	  
	  	  
	  		  		  	
		  	Authorized Signature	  	Date

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