Document:

EX-10.2

 Exhibit 10.2 
 AFC ENTERPRISES, INC. 
 FORM OF

 PERFORMANCE-BASED RESTRICTED STOCK UNIT 
 GRANT CERTIFICATE 
 Non-transferable 

G R A N T T O 
  

 

(“Grantee”) 
 by
AFC Enterprises, Inc. (the “Company”) of restricted stock units (the “Stock Units”) representing the right to earn, on a one-for-one basis, shares of the Company’s common stock (“Shares”), pursuant to and subject
to the provisions of the AFC Enterprises. Inc. 2006 Incentive Plan, as amended (the “Plan”), and to the terms and conditions set forth on the following pages of this award agreement (this “Agreement”). 

The target number of Shares subject to this award is
                     (the “Target Award”). Depending on the Company’s cumulative level of attainment of earnings before
(i) interest, (ii) taxes, (ii) depreciation and (iv) amortization (“EBITDA”) for the three fiscal-year period beginning
                     and ending
                    , and Grantee’s continued employment with the Company or its Affiliates through the third anniversary of the Grant
Date, Grantee may earn and vest in between 0% and 200% of the Target Award. The number of earned and vested Shares may also be increased or decreased by 10%, based on the Company’s Total Shareholder Return relative to a peer group, in each case
subject to the Terms and Conditions of this Agreement and as set forth on Exhibit A. 
 By accepting this award, Grantee shall be deemed
to have agreed to the terms and conditions of this Agreement and the Plan. 
 IN WITNESS WHEREOF, AFC Enterprises, Inc., acting by and through
its duly authorized officers, has caused this Agreement to be executed as of the grant date indicated below (the “Grant Date”). 
  

					
	AFC ENTERPRISES, INC.	 	Grant Date:
                                         
                                         
  
		
	 	 	Accepted by Grantee:
	By:	 	  
	 	
	Its:	 	Authorized Officer	 	  

 TERMS AND CONDITIONS 
 1. Defined Terms. Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Plan. In addition, and notwithstanding any contrary definition in the
Plan, for purposes of this Agreement: 
  

	 	(a)	“Performance Period” means the three fiscal-year period beginning on
                     and ending on
                    . 

  

	 	(b)	“Vesting Date” is defined in Section 2 of this Agreement. 

 2. Earning and Vesting of Stock Units. The Stock Units have been credited to a bookkeeping account on behalf of Grantee and do not represent actual Shares of common stock. The Stock Units represent
the right to earn and vest in between 0% and 200% of the Target Award, payable in Shares of common stock on the Vesting Date, depending on (i) the Company’s level of achievement of a performance goal relating to the Company’s
cumulative EBITDA for Performance Period in accordance with Exhibit A, and (ii) Grantee’s continued employment with the Company or its Affiliates. In addition, the number of Stock Units earned by Employee pursuant to the preceding
paragraph may be increased or decreased by 10% if the Company’s Total Shareholder Return (“TSR”) is in the top or bottom quartile, respectively, relative to the Company’s Restaurant Peer Group over the Performance Period (as set
forth in Exhibit A, the “TSR Modifier”). 
 As soon as practical following the Performance Period, the Compensation Committee
shall determine and certify (i) the Company’s level of achievement of the EBITDA goal during the Performance Period, (ii) the TSR Modifier, if any, and (iii) the number of Stock Units that were earned based on such measures.

 In the event of a Change of Control that occurs during the Performance Period, Grantee shall be deemed to have earned number of Shares equal
to the Target Amount (without any TSR Modifier). 
 [In the event Grantee’s employment is terminated during the
Performance Period (i) by the Company without Cause, (ii) due to Grantee’s resignation in connection with a Constructive Discharge, or (iii) due to the Company’s decision not to renew the Term of Grantee’s employment
agreement (as such terms are defined in Grantee’s employment agreement), Grantee shall be deemed to have earned a pro rata number of Shares equal to the Target Amount (without any TSR Modifier) multiplied by a fraction, the numerator of which
is the number of whole months elapsed in the Performance Period prior to the termination of employment and the numerator of which is 36.]1 
 Any Stock
Units that are not earned during the Performance Period in accordance with the terms of this Agreement will be forfeited to the Company without further consideration or any act or action by Grantee. Any earned Stock Units will vest and become
non-forfeitable in accordance with Exhibit A on the earliest to occur of the following (the “Vesting Date”): 
  

	 	(a)	the third anniversary of the Grant Date, provided that Grantee has continued in the employment of the Company, its Affiliates, and/or its Subsidiaries through such
date, or 

  

	 	[(b)	 the termination of Grantee’s employment (i) by the Company without Cause, (ii) due to Grantee’s resignation in connection with a
Constructive Discharge, or (iii) due to the Company’s decision not to renew the Term of Grantee’s employment agreement (as such terms are defined in Grantee’s employment agreement), or]2 

 

	1 	 Bracketed language to be included for a Grantee with an employment agreement. 

	2 	 Bracketed language to be included for a Grantee with an employment agreement. 

  
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	(c)	the occurrence of a Change of Control, provided Grantee has continued in the employment of the Company, its Affiliates, and/or its Subsidiaries through such date.

 If Grantee’s employment with the Company or an Affiliate or Subsidiary terminates prior to the Vesting
Date for any reason [other than as described above],3
Grantee shall forfeit all right, title and interest in and to the earned Stock Units as of the date of such termination and the Stock Units will be forfeited to the Company without further consideration or any act or action by Grantee. 

3. Conversion to Common Stock. Unless the Stock Units are forfeited prior to the Vesting Date as provided in section 2 above, the Stock Units will
be converted on the Vesting Date to actual Shares of common stock. Stock certificates evidencing the conversion of Stock Units into Shares of common stock will be registered on the books of the Company in Grantee’s name as of the Vesting Date
and delivered to Grantee as soon as practical thereafter. 
 4. Dividend Equivalents. If and when dividends or other distributions are
paid with respect to the common stock while the Stock Units are outstanding, the dollar amount or fair market value of such dividends or distributions with respect to the number of shares of common stock then underlying the Stock Units shall be
accumulated in an account for Grantee and distributed to Grantee within 30 days after the Vesting Date for the Stock Units with respect to which they relate. If Grantee forfeits any Stock Units under this Agreement, Grantee shall forfeit the right
to receive any accumulated dividend equivalents with respect to such forfeited Stock Units. 
 5. Restrictions on Transfer and Pledge. No
right or interest of Grantee in the Stock Units may be pledged, encumbered, or hypothecated or be made subject to any lien, obligation, or liability of Grantee to any other party other than the Company or an Affiliate or Subsidiary. Except as
provided in the Plan, the Stock Units may not be sold, assigned, transferred or otherwise disposed of by Grantee other than by will or the laws of descent and distribution. The designation of a beneficiary shall not constitute a transfer.

 6. Limitation of Rights. The Stock Units do not confer to Grantee or Grantee’s beneficiary, executors or administrators any
rights of a shareholder of the Company unless and until Shares are in fact registered to or on behalf of such person in connection with the Stock Units. Grantee shall not have voting or any other rights as a shareholder of the Company with respect
to the Stock Units. Upon conversion of the Stock Units into Shares, Grantee will obtain full voting and other rights as a shareholder of the Company. 
 7. Continuation of Employment. Nothing in this Agreement shall interfere with or limit in any way the right of the Company or any Affiliate or Subsidiary to terminate Grantee’s employment at
any time, nor confer upon Grantee any right to continue in employment of the Company or any Affiliate or Subsidiary. 
 8. Payment of
Taxes. The Company or any Affiliate or Subsidiary employing Grantee has the authority and the right to deduct or withhold, or require Grantee to remit to the employer, an amount sufficient to satisfy federal, state, and local taxes (including
Grantee’s FICA obligation) required by law to be withheld with respect to any taxable event arising as a result of the Stock Units. With respect to withholding required upon any taxable event arising as a result of the Stock Units, the employer
may 
  

	3 	 Bracketed language to be included for a Grantee with an employment agreement. 

  
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 satisfy the tax withholding requirement by withholding Shares having a Fair Market Value as of the date that
the amount of tax to be withheld is to be determined as nearly equal as possible to (but no more than) the total minimum statutory tax required to be withheld The obligations of the Company under this Agreement will be conditional on such payment or
arrangements, and the Company, and, where applicable, its Affiliates or Subsidiaries will, to the extent permitted by law, have the right to deduct any such taxes from any payment of any kind otherwise due to Grantee. 

9. Restrictions on Issuance of Shares. The granting of Stock Units shall be subject to all applicable laws, rules, and regulations, and to such
approvals by any governmental agencies or national securities exchanges as may be required. If at any time the Committee or the Board shall determine in its discretion, that registration, listing or qualification of the Shares underlying the Stock
Units upon any securities exchange or similar self-regulatory organization or under any foreign, federal, or local law or practice, or the consent or approval of any governmental regulatory body, is necessary or desirable as a condition to the
settlement of the Stock Units, the Stock Units will not be converted to Shares in whole or in part unless and until such registration, listing, qualification, consent or approval shall have been effected or obtained free of any conditions not
acceptable to the Committee or the Board. 
 10. Plan Controls. This Agreement and Grantee’s rights hereunder are subject to all the
terms and conditions of the Plan, as the same may be amended from time to time, as well as to such rules and regulations as the Committee may adopt for administration of the Plan. It is expressly understood that the Committee is authorized to
interpret and administer the Plan and this Agreement, and to make all decisions and determinations as it may deem necessary or advisable for the administration thereof, all of which shall be final and binding upon Grantee and the Company. In the
event of any actual or alleged conflict between the provisions of the Plan and the provisions of this Agreement, the provisions of the Plan shall be controlling and determinative. 
 11. Relationship to Other Benefits. The Stock Units shall not affect the calculation of benefits under any other compensation plan or program of the Company, except to the extent specifically
provided in such other plan or program. 
 12. Amendment. Subject to the terms of the Plan, this Agreement may be modified or amended by
the Committee; provided that no such amendment shall materially and adversely affect the rights of Grantee hereunder without the consent of Grantee. Notwithstanding the foregoing, Grantee hereby expressly agrees to any amendment to the Plan and this
Agreement to the extent necessary to comply with applicable law or changes to applicable law (including, but not limited to, Code Section 409A) and related regulations or other guidance and federal securities laws. 

13. Successor. All obligations of the Company under the Plan and this Agreement, with respect to the Stock Units, shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

14. Severability. The provisions of this Agreement are severable and if any one or more provisions is determined to be illegal or otherwise
unenforceable, in whole or in part, the remaining provisions shall nevertheless be binding and enforceable. 
 15. Notice. Except as may
be otherwise provided by the Plan or determined by the Committee and communicated to Grantee, notices and communications hereunder must be in writing and shall be deemed sufficiently given if either hand-delivered or if sent by overnight courier, or
by postage paid first class mail. Notices shall be deemed received on the date of actual receipt. Notices shall be directed, if to Grantee, at Grantee’s address indicated by the Company’s records or, if to the Company, at the
Company’s principal executive office, Attention: General Counsel. 

  
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 EXHIBIT A 

Earning of Stock Units 

The Stock Units will be earned, in whole or in part, based on the Company’s cumulative EBITDA for the three fiscal-year Performance Period,
expressed as a percentage of a target EBITDA goal (the “Target EBITDA Goal”). 
 The Target EBITDA Goal for the Performance Period is
$                    . 
 No later
than March 15,                     , the Committee shall determine and certify the number of Stock Units that have been earned for the
Performance Period, based on the following table: 
  

			
	 EBITDA Performance / Funding Scale

	 Actual Cumulative EBITDA as a

Percentage of Cumulative Target

EBITDA Goal
	  	 Percentage of

Target Award Earned

	 Less than 95%
	  	0%
	 95%
	  	50%
	 96%
	  	60%
	 97%
	  	70%
	 98%
	  	80%
	 99%
	  	90%
	 100%
	  	100%
	 101%
	  	110%
	 102%
	  	120%
	 103%
	  	130%
	 104%
	  	140%
	 105%
	  	150%
	 106%
	  	160%
	 107%
	  	170%
	 108%
	  	180%
	 109%
	  	190%
	 110% or greater
	  	200%

 Additionally, the number of Stock Units earned based on the cumulative EBITDA Performance/Funding Scale above shall be
adjusted if the Company’s Total Shareholder Return (“TSR”) is in the top or bottom quartile relative to the Company’s Restaurant Peer Group over the Performance Period, as follows: 

 

			
	 TSR Modifier

	 Company’s TSR Percentile Ranking

Relative to Restaurant Peer Group
	  	 Adjustment

Factor

	 25% or Less
	  	-10%
	 26% - 75%
	  	0%
	 Greater than 75%
	  	+10%

 For purposes of this Grant Certificate, TSR means (i) increase in stock price over the Performance
Period plus reinvested dividends, divided by (ii) stock price at the beginning of the Performance Period. 
 For purposes of this Grant
Certificate, the Company’s Restaurant Peer Group shall consist of the following companies: 
 [PEER GROUP]

 If the common stock of any company in the Restaurant Peer Group ceases to be publicly traded at any time during the Performance Period,
such company shall be disregarded and deleted from the Restaurant Peer Group for the entire Performance Period. 
 Any Stock Units that are
earned for the Performance Period, as certified by the Committee, shall be subject to forfeiture in accordance with the terms of the Award Agreement, depending upon Grantee’s continued employment until the Vesting Date. 

Notwithstanding any of the foregoing, if a Change in Control occurs during the Performance Period, Stock Units shall be deemed to have been earned in an
amount equal to 100% of the Target Award (without any adjustment for the TSR Modifier). 
 [In addition, notwithstanding any
of the foregoing, in the event Grantee’s employment is terminated during the Performance Period (i) by the Company without Cause, (ii) due to Grantee’s resignation in connection with a Constructive Discharge, or (iii) due to
the Company’s decision not to renew the Term of Grantee’s employment agreement (as such terms are defined in Grantee’s employment agreement), Grantee shall be deemed to have earned a pro rata number of Shares equal to the Target
Amount (without any adjustment for the TSR Modifier) multiplied by a fraction, the numerator of which is the number of whole months elapsed in the Performance Period prior to the termination of employment and the numerator of which is 36.]4 

 

	4 	 Bracketed language to be included for a Grantee with an employment agreement. 

  
 -2-FORM OF INCENTIVE STOCK OPTION AGREEMENT

 Exhibit 4.3 
 METROCORP BANCSHARES, INC. 
 INCENTIVE STOCK OPTION AGREEMENT

 This Incentive Stock Option Agreement (“Option Agreement”) is between MetroCorp Bancshares, Inc., a Texas
corporation (the “Company”), and
                                         
                    (“Optionee”), who agree as follows: 
 Section 1. Introduction. The Company has heretofore adopted the Amended and Restated MetroCorp Bancshares, Inc. 2007 Stock Awards and Incentive Plan (the “Plan”) for the purpose of
providing a means whereby those employees, directors and consultants, upon whom the responsibilities of the successful administration and management of the Company and its Affiliates (as defined in the Plan) rest, and whose present and potential
contributions to the welfare of the Company and its Affiliates are of importance, can acquire and maintain stock ownership, thereby strengthening their concern for the welfare of the Company and its Affiliates and their desire to remain in the
Company’s and its Affiliates’ employ. The Company, acting through the Committee (as defined in the Plan), has determined that its interests will be advanced by the issuance to Optionee of an incentive stock option under the Plan.

 Section 2. Option. Subject to the terms and conditions contained herein, the Company hereby irrevocably grants to
Optionee the right and option (“Option”) to purchase from the Company                      shares of the Company’s common
stock, $1.00 par value (“Common Stock”), at a price of $                 per share, which is not less than the fair market value of the Common Stock at
the date of grant of this Option. 
 Section 3. Option Period. The Option herein granted may be exercised by
Optionee in whole or in part at any time during a ten year period (the “Option Period”) beginning on
                                        
(the “Date of Grant”), subject to the limitation that said Option shall not be exercisable for more than a percentage of the aggregate number of shares offered by this Option determined by the number of full years of employment with the
Company or its Affiliates from the Date of Grant to the date of such exercise, in accordance with the following schedule: 
  

			
	 Number of

Full Years
	 	 Percentage of

Shares Purchasable

		 	
		 	

 Notwithstanding anything in this Option Agreement to the contrary, the Committee, in its sole discretion, may waive the
foregoing schedule of vesting and upon written notice to Optionee, accelerate the earliest date or dates on which any of the Options granted hereunder are exercisable. 
 Section 4. Procedure for Exercise. The Option herein granted may be exercised by the delivery by Optionee of written notice to the Secretary of the Company setting forth the number of shares
of Common Stock with respect to which the Option is being exercised. The notice shall be accompanied by, at the election of Optionee, (i) cash, cashier’s check, bank draft, or postal or 

  
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express money order payable to the order of the Company, (ii) certificates representing shares of Common Stock theretofore owned by Optionee duly endorsed for transfer to the Company, or
(iii) any combination of the preceding, equal in value to the aggregate exercise price. Notice may also be delivered by telecopy provided that the exercise price of such shares is received by the Company via wire transfer on the same day the
telecopy transmission is received by the Company. The notice shall specify the address to which the certificates for such shares are to be mailed. This Option shall be deemed to have been exercised immediately prior to the close of business on the
date (i) written notice of such exercise and (ii) payment in full of the exercise price for the number of share for which Options are being exercised, are both received by the Company and Optionee shall be treated for all purposes as the
record holder of such shares of Common Stock as of such date. 
 As promptly as practicable after receipt of such written notice
and payment, the Company shall deliver to Optionee certificates for the number of shares with respect to which such Option has been so exercised, issued in Optionee’s name or such other name as Optionee directs; provided, however, that such
delivery shall be deemed effected for all purposes when a stock transfer agent of the Company shall have deposited such certificates in the United States mail, addressed to Optionee at the address specified pursuant to this Section 4.

 Section 5. Termination of Employment. If, for any reason other than death or disability, Optionee ceases to be
employed by the Company or its Affiliates, the Option may be exercised (to the extent Optionee would have been entitled to do so at the date of termination of employment) during a three month period after such date (after which period the Option
shall expire), but in no event may the Option be exercised after the expiration of the Option Period. To the extent the Option is not yet exercisable pursuant to Section 3 hereof on the date of such termination of employment, the Option shall
terminate on the date of termination of employment. Notwithstanding the foregoing, if Optionee’s employment is terminated because of Optionee’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 (such reasons shall hereinafter be collectively referred to as “for cause”), then the Option or unexercised portion thereof shall expire upon such termination of
employment. 
 In the event that Optionee dies or is determined to be disabled while Optionee is employed by the Company, the
Option may be exercised (to the extent Optionee would have been entitled to do so at the date of death or the determination of disability) at any time and from time to time, within a one-year period after such death or determination of disability,
by Optionee, the guardian of Optionee’s estate, the executor or administrator of Optionee’s estate or by the person or persons to whom Optionee’s rights under this Option Agreement shall pass by will or the laws of descent and
distribution (after which period the Option will expire), but in no event may the Option be exercised after the expiration of the Option Period. To the extent the Option is not yet exercisable pursuant to Section 3 hereof on the date of such
death or disability, the Option shall terminate on the date of death or disability. Optionee shall be deemed to be disabled if, in the opinion of a physician selected by the Committee, Optionee is incapable of performing services for the Company of
the kind Optionee was performing at the time the disability occurred by reason of any medically determinable physical or mental impairment which can be expected to result in death or to be of long, continued and indefinite duration. The date of
determination of disability for purposes hereof shall be the date of such determination by such physician. 

  
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 Section 6. Transferability. This Option shall not be transferable by Optionee
otherwise than by Optionee’s will or by the laws of descent and distribution. During the lifetime of Optionee, the Option shall be exercisable only by Optionee or his authorized legal representative. Any heir or legatee of Optionee shall take
rights herein granted subject to the terms and conditions hereof. No such transfer of this Option Agreement to heirs or legatees of Optionee shall be effective to bind the Company unless the Company shall have been furnished with written notice
thereof and a copy of such evidence as the Committee may deem necessary to establish the validity of the transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 

Section 7. No Rights as Shareholder. Optionee shall have no rights as a shareholder with respect to any shares of Common
Stock covered by this Option Agreement until the Option is exercised by written notice and accompanied by payment as provided in Section 4 of this Option Agreement. 
 Section 8. Extraordinary Corporate Transactions. The existence of outstanding Options shall not affect in any way the right or power of the Company or its shareholders to make or authorize any
or all adjustments, recapitalizations, reorganizations, exchanges or other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issuance of Common Stock or other securities or
subscription rights thereto, or any issuance of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock or the rights thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or
any part of its assets or business, or any other corporate act or proceedings, whether of a similar character or otherwise. If the Company undergoes a “Change of Control” (as defined in the Plan) or other corporate reorganization described
in Paragraph XII of the Plan, the Options granted hereunder shall be governed by Paragraph XII of the Plan. 
 Section 9.
Changes in Capital Structure. Upon the occurrence of an event described in Section XII(a) of the Plan, this Option shall be adjusted in accordance with Section XII(a) of the Plan. 

Section 10. Compliance With Securities Laws. Upon the acquisition of any shares pursuant to the exercise of the Option herein
granted, Optionee (or any person acting under Section 6) 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 Option
Agreement. 
 Section 11. Compliance With Laws. Notwithstanding any of the other provisions hereof, Optionee agrees
that he or she will not exercise the Option granted hereby, and that the Company will not be obligated to issue any shares pursuant to this Option Agreement, if the exercise of the Option or the issuance of such shares of Common Stock would
constitute a violation by Optionee or by the Company of any provision of any law or regulation of any governmental authority. 

  
 -3-

 Section 12. Effect of Failure to Qualify for Incentive Stock Option Treatment.
If Optionee disposes of any shares of Common Stock acquired pursuant to the exercise of this option prior to the later of (i) two years from the date of grant or (ii) one year from the date the shares of Common Stock are acquired, Optionee
shall notify the Company of such disposition within ten days of its occurrence. In the event of any such disposition, or if any other event occurs such that Optionee recognizes compensation income with respect to this option, Optionee shall deliver
to the Company any amount of federal or state income tax withholding required by law. If Optionee fails to pay the withholding tax, the Company is authorized to withhold from any cash remuneration then or thereafter payable to Optionee any tax
required to be withheld by reason of any disposition or other event described in this Section. 
 Section 13. No Right
to Employment. Optionee shall be considered to be in the employment of the Company or its Affiliates so long as he or she remains an employee of the Company or its Affiliates. Any questions as to whether and when there has been a termination of
such employment and the cause of such termination shall be determined by the Committee, and its determination shall be final. Nothing contained herein shall be construed as conferring upon Optionee the right to continue in the employ of the Company
or its Affiliates, nor shall anything contained herein be construed or interpreted to limit the “employment at will” relationship between Optionee and the Company or its Affiliates. 

Section 14. Resolution of Disputes. As a condition of the granting of the Option hereby, Optionee and Optionee’s heirs,
personal representatives and successors agree that any dispute or disagreement which may arise hereunder shall be determined by the Committee in its sole discretion and judgment, and that any such determination and any interpretation by the
Committee of the terms of this Option Agreement shall be final and shall be binding and conclusive, for all purposes, upon the Company, Optionee, and Optionee’s heirs, personal representatives and successors. 

Section 15. Legends on Certificate. The certificates representing the shares of Common Stock purchased by exercise of the
Option will be stamped or otherwise imprinted with legends in such form as the Company or its counsel may require with respect to any applicable restrictions on sale or transfer and the stock transfer records of the Company will reflect
stop-transfer instructions with respect to such shares. 
 Section 16. Notices. Every notice hereunder shall be in
writing and shall be given by registered or certified mail. All notices of the exercise of any Option hereunder shall be directed to MetroCorp Bancshares, Inc., 9600 Bellaire Boulevard, Suite 252, Houston, Texas 77036, Attention: Secretary. Any
notice given by the Company to Optionee directed to Optionee at the address on file with the Company shall be effective to bind Optionee and any other person who shall acquire rights hereunder. The Company shall be under no obligation whatsoever to
advise Optionee of the existence, maturity or termination of any of Optionee’s rights hereunder and Optionee shall be deemed to have familiarized himself or herself with all matters contained herein and in the Plan which may affect any of
Optionee’s rights or privileges hereunder. 
 Section 17. Construction and Interpretation. Whenever the term
“Optionee” is used herein under circumstances applicable to any other person or persons to whom this award, in accordance with the provisions of Section 6 hereof, may be transferred, the word “Optionee” shall be deemed to
include such person or persons. 

  
 -4-

 Section 18. Agreement Subject to Plan. This Option 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 Option Agreement. 

Section 19. Binding Effect. This Option Agreement shall be binding upon and inure to the benefit of any successors to the
Company and all persons lawfully claiming under Optionee as provided herein. 
 Section 20. Entire Agreement;
Amendment. This Option Agreement and any other agreements and instruments contemplated by this Option Agreement contain the entire agreement of the parties, and this Option Agreement may be amended only in writing signed by both parties.

  
 -5-

 IN WITNESS WHEREOF, this Incentive Stock Option Agreement has been executed as of the
         day of
                                ,
                . 
  

			
	METROCORP BANCSHARES, INC.
		
	By:	 	 
		
	Name:	 	 
		
	Title:	 	 
	
	OPTIONEE
		
	 	 	 

  
 -6-

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