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                                                                    EXHIBIT 10.1

                           CIVITAS BANKGROUP, INC.
                         EMPLOYEE STOCK PURCHASE PLAN

                                  ARTICLE I
                                 INTRODUCTION

    1.1 ESTABLISHMENT OF PLAN. Civitas BankGroup, Inc., a Tennessee corporation
(the "Company") with its principal offices located in Franklin, Tennessee,
adopts the following employee stock purchase plan for its eligible employees.
This Plan shall be known as the Civitas BankGroup, Inc. Employee Stock Purchase
Plan.

    1.2 PURPOSE. The purpose of this Plan is to provide an opportunity for
eligible employees of the Employer to become shareholders in the Company. It is
believed that broad-based employee participation in the ownership of the
business will help to achieve the unity of purpose conducive to the continued
growth of the Employer and to the mutual benefit of its employees and
shareholders.

    1.3 QUALIFICATION. This Plan is intended to be an employee stock purchase
plan which qualifies for favorable Federal income tax treatment under Section
423 of the Code and is intended to comply with the provisions thereof, including
the requirement of Section 423(b)(5) of the Code that all Employees granted
options to purchase Stock under the Plan have the same rights and privileges
with respect to such options.

    1.4 RULE 16B-3 COMPLIANCE. This Plan is intended to comply with Rule 16b-3
under the Securities Exchange Act of 1934, and should be interpreted in
accordance therewith.

                                   ARTICLE II
                                   DEFINITIONS

    As used herein, the following words and phrases shall have the meanings
specified below:

    2.1 BOARD OF DIRECTORS. The Board of Directors of the Company.

    2.2 CLOSING MARKET PRICE. The last sale price of the Stock as reported on
the Over-the-Counter Bulletin Board or such market or exchange on which the
Stock is then traded on the date specified; or if no sales occurred on such day,
the last sale price of the Stock reported on the most recent date specified in
which a sale of such Stock occurred; but if there should be any material
alteration in the present system of reporting sales prices of such Stock, or if
such Stock should no longer be listed on the Over-the-Counter Bulletin Board or
any other market or exchange, the market value of the Stock as of a particular
date shall be determined in such a method as shall be specified by the Plan
Administrator.

    2.3 CODE. The Internal Revenue Code of 1986, as amended from time to time.

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    2.4 COMMENCEMENT DATE. The first day of each Option Period. The first
Commencement Date shall be July 1, 2003.

    2.5 CONTRIBUTION ACCOUNT. The account established on behalf of a Participant
to which shall be credited the amount of the Participant's contribution,
pursuant to Article V.

    2.6 EFFECTIVE DATE. July 1, 2003.

    2.7 EMPLOYEE. Each employee of the Employer except:

         (a) any employee whose customary employment is twenty (20) hours per
     week or less; or

         (b) any employee whose customary employment is for not more than five
     (5) months in any calendar year.

    2.8 EMPLOYER. The Company and any corporation (i) which is a Subsidiary of
the Company, (ii) which is authorized by the Board of Directors to adopt this
Plan with respect to its Employees, and (iii) which adopts this Plan. The term
"Employer" shall include any corporation into which an Employer may be merged or
consolidated or to which all or substantially all of its assets may be
transferred, provided that the surviving or transferee corporation would qualify
as a subsidiary under Section 2.18 hereof and that such corporation does not
affirmatively disavow this Plan.

    2.9 EXERCISE DATE. The last trading date of each Option Period on the
Over-the-Counter Bulletin Board or such market or exchange on which the Stock is
then traded.

    2.10 EXERCISE PRICE. The price per share of the Stock to be charged to
Participants at the Exercise Date, as determined in Section 6.3.

    2.11 FIVE-PERCENT SHAREHOLDER. An Employee who owns five percent (5%) or
more of the total combined voting power or value of all classes of stock of the
Company or any Subsidiary thereof. In determining this five percent test, shares
of stock which the Employee may purchase under outstanding options, as well as
stock attributed to the Employee under Section 424(d) of the Code, shall be
treated as stock owned by the Employee in the numerator, but shares of stock
which may be issued under options shall not be counted in the total of
outstanding shares in the denominator.

    2.12 GRANT DATE. The first trading date of each Option Period on the
Over-the-Counter Bulletin Board or such market or exchange on which the Stock is
then traded.

    2.13 OPTION PERIOD. Successive periods of three (3) months (i) commencing on
July 1 and ending on September 30, (ii) commencing on October 1 and ending on
December 30, (iii) commencing on January 1 and ending on March 30, and (iv)
commencing on April 1 and ending on June 30.

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    2.14 PARTICIPANT. Any Employee of an Employer who has met the conditions for
eligibility as provided in Article IV and who has elected to participate in the
Plan.

    2.15 PLAN. Civitas BankGroup, Inc. Employee Stock Purchase Plan.

    2.16 PLAN ADMINISTRATOR. The committee composed of one or more individuals
to whom authority is delegated by the Board of Directors to administer the Plan.
The initial committee shall be the following individuals: Richard Herrington and
Joel Porter.

    2.17 STOCK. Those shares of common stock of the Company which are reserved
pursuant to Section 6.1 for issuance upon the exercise of options granted under
this Plan.

    2.18 SUBSIDIARY. Any corporation (other than the Company) in an unbroken
chain of corporations beginning with the Company if, at the time of the granting
of the option, each of the corporations other than the last corporation in the
chain owns stock possessing fifty percent (50%) or more of the combined voting
power of all classes of stock in one of the other corporations in such chain.

                                   ARTICLE III
                              SHAREHOLDER APPROVAL

    3.1 SHAREHOLDER APPROVAL REQUIRED. This Plan must be approved by the
shareholders of the Company within the period beginning twelve (12) months
before and ending twelve (12) months after its adoption by the Board of
Directors.

    3.2 SHAREHOLDER APPROVAL FOR CERTAIN AMENDMENTS. Without the approval of the
shareholders of the Company, no amendment to this Plan shall increase the number
of shares reserved under the Plan, other than as provided in Section 10.3.
Approval by shareholders must occur within one (1) year of such amendment or
such amendment shall be void ab initio, comply with applicable provisions of the
corporate charter and bylaws of the Company, and comply with Tennessee law
prescribing the method and degree of shareholder approval required for issuance
of corporate stock or options.

                                   ARTICLE IV
                          ELIGIBILITY AND PARTICIPATION

    4.1 CONDITIONS. Each Employee shall become eligible to become a Participant
on the Commencement Date next following the date of his employment. No Employee
who is a Five-Percent Shareholder shall be eligible to participate in the Plan.
Notwithstanding anything to the contrary contained herein, no individual who is
not an Employee shall be granted an option to purchase Stock under the Plan.

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    4.2 APPLICATION FOR PARTICIPATION. Each Employee who becomes eligible to
participate shall be furnished a summary of the Plan and an enrollment form. If
such Employee elects to participate hereunder, he shall complete such form and
file it with his Employer no later than thirty (30) days prior to the next
Commencement Date. The completed enrollment form shall indicate the amount of
Employee contributions authorized by the Employee. If no new enrollment form is
filed by a Participant in advance of any Option Period after the initial Option
Period, that Participant shall be deemed to have elected to continue to
participate with the same contribution previously elected (subject to the limit
of 15% of base pay). If any Employee does not elect to participate in any given
Option Period, he may elect to participate on any future Commencement Date so
long as he continues to meet the eligibility requirements.

    4.3 DATE OF PARTICIPATION. All Employees who elect to participate shall be
enrolled in the Plan commencing with the first pay date after the Commencement
Date following their submission of the enrollment form. Upon becoming a
Participant, the Participant shall be bound by the terms of this Plan, including
any amendments whenever made.

    4.4 ACQUISITION OR CREATION OF SUBSIDIARY. If the stock of a corporation is
acquired by the Company or another Employer so that the acquired corporation
becomes a Subsidiary, or if a Subsidiary is created, the Subsidiary in either
case shall automatically become an Employer and its Employees shall become
eligible to participate in the Plan on the first Commencement Date after the
acquisition or creation of the Subsidiary, as the case may be. Notwithstanding
the foregoing, the Board of Directors may by appropriate resolutions (i) provide
that the acquired or newly created Subsidiary shall not be a participating
Employer, (ii) specify that the acquired or newly created Subsidiary will become
a participating Employer on a Commencement Date other than the first
Commencement Date after the acquisition or creation, or (iii) attach any
condition whatsoever to eligibility of the employees of the acquired or newly
created Subsidiary, except to the extent such condition would not comply with
Section 423 of the Code.

                                    ARTICLE V
                              CONTRIBUTION ACCOUNT

    5.1 EMPLOYEE CONTRIBUTIONS. The enrollment form signed by each Participant
shall authorize the Employer to deduct from the Participant's compensation an
after-tax amount during each payroll period not less than twenty-five dollars
($25.00) nor more than an amount which is fifteen percent (15%) of the
Participant's base pay on the Commencement Date. A Participant's base pay shall
be determined before subtracting any elective deferrals to a qualified plan
under Section 401(k) of the Code, salary reduction contributions to a cafeteria
plan under Section 125 of the Code or elective deferrals to a nonqualified
deferred compensation plan. The dollar amount deducted each payday shall be
credited to the Participant's Contribution Account. Participant contributions
will not be permitted to commence at any time during the Option Period other
than on the Commencement Date. No interest will accrue on any contributions or
on the balance in a Participant's Contribution Account.

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    5.2 MODIFICATION OF CONTRIBUTION RATE. No change shall be permitted in a
Participant's amount of withholding except upon a Commencement Date, and then
only if the Participant files a new enrollment form with the Employer at least
thirty (30) days in advance of the Commencement Date designating the desired
withholding rate. Notwithstanding the foregoing, a Participant may notify the
Employer at any time (except during the periods from March 22 through March 31,
June 21 through June 30, September 21 through September 30 and December 22
through December 31) that he wishes to discontinue his contributions. This
notice shall be in writing and on such forms as provided by the Employer and
shall become effective as of a date provided on the form not more than thirty
(30) days following its receipt by the Employer. The Participant shall become
eligible to recommence contributions on the next Commencement Date.

    5.3 WITHDRAWAL OF CONTRIBUTIONS. A Participant may elect to withdraw the
balance of his Contribution Account at any time during the Option Period prior
to the Exercise Date (except during the periods from March 22 through March 31,
June 21 through June 30, September 21 through September 30 and December 22
through December 31). The option granted to a Participant shall be canceled upon
his withdrawal of the balance in his Contribution Account. This election to
withdraw must be in writing on such forms as may be provided by the Employer. If
contributions are withdrawn in this manner, further contributions during that
Option Period will be discontinued in the same manner as provided in Section
5.2, and the Participant shall become eligible to recommence contributions on
the next Commencement Date.

    5.4 LIMITATIONS ON CONTRIBUTIONS. During each Option Period, the total
contributions by a Participant to his Contribution Account shall not exceed
fifteen percent (15%) of the Participant's base pay for the Option Period. If a
Participant's total contributions should exceed this limit, the excess shall be
returned to the Participant after the end of the Option Period, without
interest.

                                   ARTICLE VI
                        ISSUANCE AND EXERCISE OF OPTIONS

    6.1 RESERVED SHARES OF STOCK. The Company shall reserve two hundred fifty
thousand (250,000) shares of Stock for issuance upon exercise of the options
granted under this Plan.

    6.2 ISSUANCE OF OPTIONS. On the Grant Date each Participant shall be deemed
to receive an option to purchase Stock with the number of shares and Exercise
Price determined as provided in this Article VI, subject to the maximum limits
specified in Section 6.6(a). All such options shall be automatically exercised
on the following Exercise Date, except for options which are canceled when a
Participant withdraws the balance of his Contribution Account or which are
otherwise terminated under the provisions of this Plan.

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    6.3 DETERMINATION OF EXERCISE PRICE. The Exercise Price of the options
granted under this Plan for any Option Period shall be the lesser of:

         (i) eighty-five percent (85%) of the Closing Market Price of the Stock
     on the Exercise Date; or

         (ii) eighty-five percent (85%) of the Closing Market Price of the Stock
     on the Grant Date.

    6.4 PURCHASE OF STOCK. On an Exercise Date, all options shall be
automatically exercised, except that the options of a Participant who has
terminated employment pursuant to Section 7.1 or who has withdrawn all his
contributions shall expire. The Contribution Account of each Participant shall
be used to purchase the maximum number of whole shares of Stock determined by
dividing the Exercise Price into the balance of the Participant's Contribution
Account. Any money remaining in a Participant's Contribution Account
representing a fractional share shall remain in his Contribution Account to be
used in the next Option Period along with new contributions in the next Option
Period; provided, however, that if the Participant does not enroll for the next
Option Period, the balance remaining shall be returned to him in cash.

    6.5 TERMS OF OPTIONS. Options granted under this Plan shall be subject to
such amendment or modification as the Employer shall deem necessary to comply
with any applicable law or regulation, including but not limited to Section 423
of the Code, and shall contain such other provisions as the Employer shall from
time to time approve and deem necessary; provided, however, that any such
provisions shall comply with Section 423 of the Code.

    6.6 LIMITATIONS ON OPTIONS. The options granted hereunder are subject to the
following limitations:

         (a) The maximum number of shares of Stock which may be purchased by any
     Participant on an Exercise Date shall be one thousand seven hundred and
     fifty (1,750) shares. This maximum number of shares shall be adjusted upon
     the occurrence of an event described in Section 10.3.

         (b) No Participant shall be permitted to accrue the right to purchase
     during any calendar year Stock under this Plan (or any other Plan of the
     Employer or a Subsidiary which is qualified under Section 423 of the Code)
     having a market value of greater than twenty-five thousand dollars
     ($25,000.00) (as determined on the Grant Date for the Option Period during
     which each such share of Stock is purchased) as provided in Section
     423(b)(8) of the Code.

         (c) No option may be granted to a Participant if the Participant
     immediately after the option is granted would be a Five-Percent
     Shareholder.

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         (d) No Participant may assign, transfer or otherwise alienate any
     options granted to him under this Plan, otherwise than by will or the laws
     of descent and distribution, and such options must be exercised during the
     Participant's lifetime only by him.

    6.7 PRO-RATA REDUCTION OF OPTIONED STOCK. If the total number of shares of
Stock to be purchased under option by all Participants on an Exercise Date
exceeds the number of shares of Stock remaining authorized for issuance under
Section 6.1, a pro-rata allocation of the shares of Stock available for issuance
will be made among Participants in proportion to their respective Contribution
Account balances on the Exercise Date, and any money remaining in the
Contribution Accounts shall be returned to the Participants.

    6.8 STATE SECURITIES LAWS. Notwithstanding anything to the contrary
contained herein, the Company shall not be obligated to issue shares of Stock to
any Participant if to do so would violate any State securities law applicable to
the sale of Stock to such Participant. In the event that the Company refrains
from issuing shares of Stock to any Participant in reliance on this Section, the
Company shall return to such Participant the amount in such Participant's
Contribution Account that would otherwise have been applied to the purchase of
Stock.

                                   ARTICLE VII
                          TERMINATION OF PARTICIPATION

    7.1 TERMINATION OF EMPLOYMENT. Any Employee whose employment with the
Employer is terminated during the Option Period prior to the Exercise Date for
any reason except death, disability or retirement at or after age 65 shall cease
being a Participant immediately. The balance of that Participant's Contribution
Account shall be paid to such Participant as soon as practical after his
termination. The option granted to such Participant shall be null and void.

    7.2 DEATH. If a Participant should die while employed by the Employer, no
further contributions on behalf of the deceased Participant shall be made. The
legal representative of the deceased Participant may elect to withdraw the
balance in said Participant's Contribution Account by notifying the Employer in
writing prior to the Exercise Date in the Option Period during which the
Participant died (except during the periods from March 22 through March 31, June
21 through June 30, September 21 through September 30 and December 22 through
December 31). In the event no election to withdraw is made on or before the
March 21, June 20, September 20 or December 21 preceding the Exercise Date, the
balance accumulated in the deceased Participant's Contribution Account shall be
used to purchase shares of Stock in accordance with Section 6.4. Any money
remaining which is insufficient to purchase a whole share shall be paid to the
legal representative.

    7.3 RETIREMENT. If a Participant should retire from the employment of the
Employer at or after attaining age 65, no further contributions on behalf of the
retired Participant shall be made. The Participant may elect to withdraw the
balance in his Contribution Account by notifying the Employer in writing prior
to the Exercise Date in the Option Period during which the Participant retired
(except during the periods from March 22 through March 31, June 21

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through June 30, September 21 through September 30 and December 22 through
December 31). In the event no election to withdraw is made on or before the
March 21, June 20, September 20 or December 21 preceding the Exercise Date, the
balance accumulated in the retired Participant's Contribution Account shall be
used to purchase shares of Stock in accordance with Section 6.4. Any money
remaining which is insufficient to purchase a whole share shall be paid to the
retired Participant.

    7.4 DISABILITY. If a Participant should terminate employment with the
Employer on account of disability, as determined by reference to the definition
of "disability" in the Employer's long-term disability plan, no further
contributions on behalf of the disabled Participant shall be made. The
Participant may elect to withdraw the balance in his Contribution Account by
notifying the Employer in writing prior to the Exercise Date in the Option
Period during which the Participant became disabled (except during the periods
from March 22 through March 31, June 21 through June 30, September 21 through
September 30 and December 22 through December 31). In the event no election to
withdraw is made on or before the March 21, June 20, September 20 or December 21
preceding the Exercise Date, the balance accumulated in the disabled
Participant's Contribution Account shall be used to purchase shares of Stock in
accordance with Section 6.4. Any money remaining which is insufficient to
purchase a whole share shall be paid to the disabled Participant.

                                  ARTICLE VIII
                               OWNERSHIP OF STOCK

    8.1 STOCK CERTIFICATES. As soon as practical after the Exercise Date, the
Plan Administrator will, in its sole discretion, either credit a share account
maintained for the benefit of each Participant or issue certificates to each
Participant for the number of shares of Stock purchased under the Plan by such
Participant during an Option Period. Such determination by the Plan
Administrator shall apply equally to all shares of Stock purchased during the
Option Period. Certificates may be issued, at the request of a Participant, in
the name of the Participant, jointly in the name of the Participant and a member
of the Participant's family, to the Participant as custodian for the
Participant's child under the Gift to Minors Act, or to the legal representative
of a deceased Participant.

    8.2 PREMATURE SALE OF STOCK. If a Participant (or former Participant) sells
or otherwise disposes of any shares of Stock obtained under this Plan:

         (i) prior to two (2) years after the Grant Date of the option under
     which such shares were obtained, or

         (ii) prior to one (1) year after the Exercise Date on which such shares
     were obtained,

that Participant (or former Participant) must notify the Employer immediately in
writing concerning such disposition.

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    8.3 RESTRICTIONS ON SALE. The Plan Administrator may, in its sole
discretion, place restrictions on the sale or transfer of shares of Stock
purchased under the Plan during any Option Period by notice to all Participants
of the nature of such restrictions given in advance of the Commencement Date of
such Option Period. The restrictions may prevent the sale, transfer or other
disposition of any shares of Stock purchased during the Option Period for a
period of up to two years from the Grant Date, subject to such exceptions as the
Plan Administrator may determine (e.g., termination of employment with the
Employer). If certificates are issued pursuant to Section 8.1 for shares that
are restricted, the certificates shall contain an appropriate legend disclosing
the nature and duration of the restriction. Any such restrictions and exceptions
determined by the Plan Administrator shall be applicable equally to all shares
of Stock purchased during the Option Period for which the restrictions are first
applicable. In addition, such restrictions and exceptions shall remain
applicable during subsequent Option Periods unless otherwise determined by the
Plan Administrator. If the Plan Administrator should change or eliminate the
restrictions for a subsequent Option Period, notice of such action shall be
given to all Participants.

    8.4 TRANSFER OF OWNERSHIP. A Participant who purchases shares of Stock under
this Plan shall be transferred at such time substantially all of the rights of
ownership of such shares of Stock in accordance with Section 1.421-1(f) of the
Treasury Regulations as in effect on the Effective Date. Such rights of
ownership shall include the right to vote, the right to receive declared
dividends, the right to share in the assets of the Employer in the event of
liquidation, the right to inspect the Employer's books and the right to pledge
or sell such Stock subject to the restrictions in the Plan.

                                   ARTICLE IX
                          ADMINISTRATION AND AMENDMENT

    9.1 ADMINISTRATION. The Plan Administrator shall (i) administer the Plan,
(ii) keep records of the Contribution Account balance of each Participant, (iii)
keep records of the share account balance of each Participant, (iv) interpret
the Plan, (v) determine all questions arising as to eligibility to participate,
amount of contributions permitted, determination of the Exercise Price, and all
other matters of administration, and (vi) determine whether to place
restrictions on the sale and transfer of Stock and the nature of such
restrictions, as provided in Section 8.3. The Plan Administrator shall have such
duties, powers and discretionary authority as may be necessary to discharge the
foregoing duties, and may delegate any or all of the foregoing duties to any
individual or individuals (including officers or other Employees who are
Participants). The Board of Directors shall have the right at any time and
without notice to remove or replace any individual or committee of individuals
serving as Plan Administrator. All determinations by the Plan Administrator
shall be conclusive and binding on all persons. Any rules, regulations, or
procedures that may be necessary for the proper administration or functioning of
this Plan that are not covered in this Plan document shall be promulgated and
adopted by the Plan Administrator.

    9.2 AMENDMENT. The Board of Directors of the Employer may at any time amend
the Plan in any respect, including termination of the Plan, without notice to
Participants. If the

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Plan is terminated, all options outstanding at the time of termination shall
become null and void and the balance in each Participant's Contribution Account
shall be paid to that Participant. Notwithstanding the foregoing, no amendment
of the Plan as described in Section 3.2 shall become effective until and unless
such amendment is approved by the shareholders of the Company.

                                    ARTICLE X
                                  MISCELLANEOUS

    10.1 EXPENSES. The Employer will pay all expenses of administering this Plan
that may arise in connection with the Plan.

    10.2 NO CONTRACT OF EMPLOYMENT. Nothing in this Plan shall be construed to
constitute a contract of employment between an Employer and any Employee or to
be an inducement for the employment of any Employee. Nothing contained in this
Plan shall be deemed to give any Employee the right to be retained in the
service of an Employer or to interfere with the right of an Employer to
discharge any Employee at any time, with or without cause, regardless of the
effect which such discharge may have upon him as a Participant of the Plan.

    10.3 ADJUSTMENT UPON CHANGES IN STOCK. The aggregate number of shares of
Stock reserved for purchase under the Plan as provided in Section 6.1, and the
calculation of the Exercise Price as provided in Section 6.3, shall be adjusted
by the Plan Administrator (subject to direction by the Board of Directors) in an
equitable manner to reflect changes in the capitalization of the Company,
including, but not limited to, such changes as result from merger,
consolidation, reorganization, recapitalization, stock dividend, dividend in
property other than cash, stock split, combination of shares, exchange of shares
and change in corporate structure. If any adjustment under this Section 10.3
would create a fractional share of Stock or a right to acquire a fractional
share of Stock, such fractional share shall be disregarded and the number of
shares available under the Plan and the number of shares covered under any
options granted pursuant to the Plan shall be the next lower number of shares,
rounding all fractions downward.

    10.4 EMPLOYER'S RIGHTS. The rights and powers of any Employer shall not be
affected in any way by its participation in this Plan, including but not limited
to the right or power of any Employer to make adjustments, reclassifications,
reorganizations or changes of its capital or business structure or to merge or
to consolidate or to dissolve, liquidate or sell, or transfer all or any part of
its business or assets.

    10.5 LIMIT ON LIABILITY. No liability whatever shall attach to or be
incurred by any past, present or future shareholders, officers or directors, as
such, of the Company or any Employer, under or by reason of any of the terms,
conditions or agreements contained in this Plan or implied therefrom, and any
and all liabilities of any and all rights and claims against the Company, an
Employer, or any shareholder, officer or director as such, whether arising at
common law or in equity or created by statute or constitution or otherwise,
pertaining to this Plan, are hereby expressly waived and released by every
Participant as a part of the consideration

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for any benefits under this Plan; provided, however, no waiver shall occur,
solely by reason of this Section 10.5, of any right which is not susceptible to
advance waiver under applicable law.

    10.6 GENDER AND NUMBER. For the purposes of the Plan, unless the contrary is
clearly indicated, the use of the masculine gender shall include the feminine,
and the singular number shall include the plural and vice versa.

    10.7 GOVERNING LAW. The validity, construction, interpretation,
administration and effect of this Plan, and any rules or regulations promulgated
hereunder, including all rights or privileges of any Participants hereunder,
shall be governed exclusively by and in accordance with the laws of the State of
Tennessee, except that the Plan shall be construed to the maximum extent
possible to comply with Section 423 of the Code and the Treasury regulations
promulgated thereunder.

    10.8 HEADINGS. Any headings or subheadings in this Plan are inserted for
convenience of reference only and are to be ignored in the construction of any
provisions hereof.

    10.9 SEVERABILITY. If any provision of this Plan is held by a court to be
unenforceable or is deemed invalid for any reason, then such provision shall be
deemed inapplicable and omitted, but all other provisions of this Plan shall be
deemed valid and enforceable to the full extent possible under applicable law.

    IN WITNESS WHEREOF, the Employer has adopted this Plan, effective May 15,
2003.

    Date: May 15, 2003.

                                    CIVITAS BANKGROUP, INC.

                                    By:
                                       ----------------------------------------

ATTEST:

-------------------------

                                       11<PAGE>

                                                                   EXHIBIT 10.1

                                                    (Restated for SEC electronic
                                                           filing purposes only)

                             CIVITAS BANKGROUP, INC.

                             1998 STOCK OPTION PLAN

SECTION 1.        PURPOSE; DEFINITIONS.

         The purpose of the Civitas BankGroup, Inc. 1998 Stock Option Plan (the
"Plan") is to enable Civitas BankGroup, Inc. (the "Corporation") to attract,
retain and reward officers, directors, and key employees of the Corporation and
its Subsidiaries and Affiliates and to strengthen the mutuality of interests
between such persons by awarding them stock options. The creation of the Plan
shall not diminish or prejudice other compensation programs approved from time
to time by the Board.

         For purposes of the Plan, the following terms shall be defined as set
forth below:

         A.       "Affiliate" means any entity other than the Corporation and
its Subsidiaries that is designated by the Board as a participating employer
under the Plan, provided that the Corporation directly or indirectly owns at
least 20% of the combined voting power of all classes of stock of such entity or
at least 20% of the ownership interests in such entity.

         B.       "Board" means the Board of Directors of the Corporation.

         C.       "Cause" has the meaning provided in Section 5 of the Plan.

         D.       "Change in Control" has the meaning provided in Section 6 of
the Plan.

         E.       "Change in Control Price" has the meaning provided in Section
6(d) of the Plan.

         F.       "Common Stock" means the Corporation's Common Stock.

         G.       "Code" means the Internal Revenue Code of 1986, as amended
from time to time, and any successor thereto.

         H.       "Committee" means the Committee referred to in Section 2 of
the Plan.

         I.       "Corporation" means Civitas BankGroup, Inc., a corporation
organized under the laws of the State of Tennessee or any successor corporation.

         J.       "Disability" means disability as determined under the
Corporation's group long term disability insurance program for each respective
optionee.

         K.       "Early Retirement" means retirement, for purposes of this
Plan with the express consent of the Corporation at or before the time of such
retirement, from active employment with the Corporation and any Subsidiary or
Affiliate prior to age 65, in accordance with any applicable early retirement
policy of the Corporation then in effect or as may be approved by the Committee.

         L.       "Effective Date" has the meaning provided in Section 10 of the
Plan.

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         M.       "Exchange Act" means the Securities Exchange Act of 1934, as
amended from time to time, and any successor thereto.

         N.       "Fair Market Value" means with respect to the Common Stock, as
of any given date or dates, unless otherwise determined by the Committee in good
faith, the reported closing price of a share of Common Stock on the Nasdaq Stock
Market or, if no such price is available, the average of the closing bid and
asked prices quoted (by electronic bulletin board, "pink sheets" or other
recognized quotation) in the over-the-counter market for the Common Stock, or,
if no such price is available on such date, the fair market value of a share of
Common Stock as determined by the Committee in good faith.

         O.       "Incentive Stock Option" means any Stock Option intended to be
and designated as an "Incentive Stock Option" within the meaning of Section 422
of the Code.

         P.       "Immediate Family" means any child, stepchild, grandchild,
parent, stepparent, grandparent, spouse, sibling, mother-in-law, father-in-law,
son-in-law, daughter-in-law, brother-in-law, or sister-in-law, and shall include
adoptive relationships.

         Q.       "Non-Employee Director" means a member of the Board who is a
Non-Employee Director with the meaning of Rule 16b-3(b)(3) promulgated under the
Exchange Act and an outside director within the meaning of Treasury Regulation
Sec. 162-27(e)(3) promulgated under the Code.

         R.       "Non-Qualified Stock Option" means any Stock Option that is
not an Incentive Stock Option.

         S.       "Normal Retirement" means retirement from active employment
with the Corporation and any Subsidiary or Affiliate on or after age 65.

         T.       "Plan" means this Cumberland Bancorp, Inc. 1998 Stock Option
Plan, as amended from time to time.

         U.       "Retirement" means Normal or Early Retirement.

         V.       "Section 162(m) Maximum" has the meaning provided in Section
3(a) hereof.

         W.       "Stock Option" or "Option" means any option to purchase shares
of Common Stock granted pursuant to Section 5 below.

         X.       "Subsidiary" means any corporation (other than the
Corporation) in an unbroken chain of corporations beginning with the Corporation
if each of the corporations (other than the last corporation in the unbroken
chain) owns stock possessing 50% or more of the total combined voting power of
all classes of stock in one of the other corporations in the chain.

SECTION 2.        ADMINISTRATION.

         The Plan shall be administered by a Committee of not less than two
Non-Employee Directors, who shall be appointed by the Board and who shall serve
at the pleasure of the Board.

                                       2

<PAGE>

The functions of the Committee specified in the Plan may be exercised by an
existing Committee of the Board composed exclusively of Non-Employee Directors.
The Plan shall be initially administered by the Board. In the event that there
are not at least two Non-Employee Directors on the Committee, the Plan shall be
administered by the Board and all references herein to the Committee shall refer
to the Board.

         The Committee shall have authority to recommend to the Board grants of
Stock Options, pursuant to the terms of the Plan, to officers and other key
employees. The Board shall have the authority to accept or reject the
Committee's recommendations.

         In particular, the Committee shall have the authority, consistent with
the terms of the Plan and upon approval by the Board.

                  (a)      to select the officers and key employees to whom
         Stock Options may from time to time be granted hereunder;

                  (b)      to determine whether and to what extent Incentive
         Stock Options or Non-Qualified Stock Options, or any combination
         thereof, are to be granted hereunder to one or more eligible persons;

                  (c)      to determine the number of shares to be covered by
         each such award granted hereunder;

                  (d)      to determine the terms and conditions, not
         inconsistent with the terms of the Plan, of any award granted hereunder
         (including, but not limited to, the share price and any restriction or
         limitation, or any vesting acceleration or waiver of forfeiture
         restrictions regarding any Stock Option and/or the shares of Common
         Stock relating thereto, based in each case on such factors as the
         Committee shall determine, in its sole discretion); and to amend or
         waive any such terms and conditions to the extent permitted by Section
         6 hereof;

                  (e)      to determine whether and under what circumstances a
         Stock Option may be settled in cash under Section 5(l), instead of
         Common Stock;

                  (f)      to determine whether to require payment withholding
         requirements in shares of Common Stock; and

                  (g)      to impose any holding period required to satisfy
         Section 16 under the Exchange Act.

         The Committee shall report any recommendations it makes concerning the
grant of Stock Options to the Board, who may approve, amend or reject any such
Committee recommendations; provided, that the Board shall not have the authority
to grant any Stock Option under any condition that has not been approved by the
Committee.

         The Committee may adopt, alter, and repeal such rules, guidelines, and
practices governing the Plan as it shall, from time to time, deem advisable,
subject to Board approval.

                                       3
<PAGE>

         The Committee shall have the authority to interpret the terms and
provisions of the Plan and any award issued under the Plan (and any agreements
relating thereto), and to otherwise supervise the administration of the Plan.

         All decisions made by the Committee pursuant to the provisions of the
Plan shall be made subject to the review of the Board. Decisions of the Board
shall be final and binding on all persons, including the Corporation and Plan
participants. The Board may elect to delegate some or all of its authority
granted herein, except the authority given to the Board under Section 7, to the
Committee.

SECTION 3.        SHARES OF COMMON STOCK SUBJECT TO PLAN.

                  (a)      As of the Effective Date, the aggregate number of
         shares of Common Stock that may be issued under the Plan shall be
         2,000,000 shares. The shares of Common Stock issuable under the Plan
         may consist, in whole or in part, of authorized and unissued shares or
         treasury shares. No officer of the Corporation or other person whose
         compensation may be subject to the limitations on deductibility under
         Section 162(m) of the Code shall be eligible to receive awards pursuant
         to this Plan relating to in excess of 100,000 shares of Common Stock in
         any fiscal year (the "Section 162(m) Maximum").

                  (b)      If any shares of Common Stock that have been optioned
         cease to be subject to a Stock Option, such shares shall again be
         available for distribution in connection with future awards under the
         Plan.

                  (c)      In the event of any merger, reorganization,
         consolidation, recapitalization, extraordinary cash dividend, stock
         dividend, stock split or other change in corporate structure affecting
         the Common Stock, an appropriate substitution or adjustment shall be
         made in the maximum number and kind of shares that may be awarded under
         the Plan, in the number and option price of shares subject to
         outstanding Options granted under the Plan and in the Section 162(m)

         Maximum as may be determined to be appropriate by the Committee, in its
discretion with the approval of the Board, provided that the number of shares
subject to any award shall always be a whole number.

SECTION 4.        ELIGIBILITY.

         Officers, directors, and other key employees of the Company and its
Subsidiaries and Affiliates who are responsible for or contribute to the
management, growth and/or profitability of the business of the Corporation
and/or its Subsidiaries and Affiliates are eligible to be granted awards under
the Plan.

SECTION 5.        STOCK OPTIONS.

         Stock Options may be granted alone, in addition to, or in tandem with
cash awards made outside of the Plan. Any Stock Option granted under the Plan
shall be in such form as the Committee and the Board may from time to time
approve.

                                       4
<PAGE>

         Stock Options granted under the Plan may be of two types: (i) Incentive
Stock Options and (ii) Non-Qualified Stock Options. Incentive Stock Options may
be granted only to individuals who are employees of the Company or any
Subsidiary of the Company.

         The Committee, subject to Board ratification, shall have the authority
to grant to any optionee Incentive Stock Options, Non-Qualified Stock Options,
or both types of Stock Options.

         Options granted to officers and key employees under the Plan shall be
subject to the following terms and conditions and shall contain such additional
terms and conditions, not inconsistent with the terms of the Plan, as the
Committee, or the Board as the case may be, shall deem desirable. All decisions
made by the Committee under this Section 5 are subject to Board ratification as
described in Section 2.

                  (a)      Option Price. The option price per share of Common
         Stock purchasable under a Stock Option shall be determined by the
         Committee at the time of grant but shall be not less than 100% (or, in
         the case of any employee who owns stock possessing more than 10% of the
         total combined voting power of all classes of stock of the Corporation
         or of any of its Subsidiaries, not less than 110%) of the Fair Market
         Value of the Common Stock at grant, in the case of Incentive Stock
         Options, and not less than 50% of the Fair Market Value of the Common
         Stock at grant, in the case of Non-Qualified Stock Options.

                  (b)      Option Term. The term of each Stock Option shall be
         fixed by the Committee, but no Incentive Stock Option shall be
         exercisable more than ten years (or, in the case of an employee who
         owns stock possessing more than 10% of the total combined voting power
         of all classes of stock of the Corporation or any of its Subsidiaries
         or parent corporations, more than five years) after the date the Option
         is granted.

                  (c)      Exercisability. Stock Options shall be exercisable at
         such time or times and subject to such terms and conditions as shall be
         determined by the Committee at or after grant; provided, however, that
         except as provided in Section 5(g) and (h), and Section 6, unless
         otherwise determined by the Committee at or after grant, no Stock
         Option shall be exercisable prior to the first anniversary date of the
         granting of the Option. The Committee may provide that a Stock Option
         shall vest over a period of future service at a rate specified at the
         time of grant, or that the Stock Option is exercisable only in
         installments. If the Committee provides that any Stock Option is
         exercisable only in installments, the Board may waive such installment
         exercise provisions at any time at or after grant, in whole or in part,
         based on such factors as the Committee shall determine in its sole
         discretion.

                  (d)      Method of Exercise. Subject to whatever installment
         exercise restrictions apply under Section 5(c), Stock Options may be
         exercised in whole or in part at any time during the option period, by
         giving written notice of exercise to the Corporation specifying the
         number of shares to be purchased. Such notice shall be accompanied by
         payment in full of the purchase price, either by check, note, or such
         other instrument as the Committee may accept, by submission of an
         executed Subscription Agreement in a form, and as, determined by the
         Committee, and by payment of all amounts the Corporation is required to
         withhold under federal, state, and local law that the Committee

                                       5
<PAGE>

         shall require. Unless the Committee shall decide otherwise at or after
         grant, an optionee shall not have the rights to dividends or other
         rights of a shareholder with respect to shares subject to the Option
         unless and until the Corporation has issued certificates representing
         such shares to the optionees.

                  (e)      Transferability of Options. No Non-Qualified Stock
         Option shall be transferable by the optionee without the prior written
         consent of the Board other than (i) transfers by the Optionee to a
         member of his or her Immediate Family or a trust for the benefit of the
         optionee or a member of his or her Immediate Family, or (ii) transfers
         by will or by the laws of descent and distribution. No Incentive Stock
         Option shall be transferable by the optionee otherwise than by will or
         by the laws of descent and distribution and all Incentive Stock Options
         shall be exercisable, during the optionee's lifetime, only by the
         optionee.

                  (f)      Bonus for Taxes. In the case of a Non-Qualified Stock
         Option or an optionee who elects to make a disqualifying disposition
         (as defined in Section 422(a)(1) of the Code) of Common Stock acquired
         pursuant to the exercise of an Incentive Stock Option, the Committee
         may award at the time of grant or thereafter the right to receive upon
         exercise of such Stock Option a cash bonus calculated to pay part or
         all of the federal and state, if any, income tax incurred by the
         optionee upon such exercise.

                  (g)      Termination by Death. Subject to Section 5(k), if an
         optionee's employment by the Corporation and any Subsidiary or (except
         in the case of an Incentive Stock Option) Affiliate terminates by
         reason of death, any Stock Option held by such optionee may thereafter
         be exercised, to the extent such option was exercisable at the time of
         death or (except in the case of an Incentive Stock Option) on such
         accelerated basis as the Committee may determine at or after grant (or
         except in the case of an Incentive Stock Option, as may be determined
         in accordance with procedures established by the Committee) by the
         legal representative of the estate or by the legatee of the optionee
         under the will of the optionee, for a period of one year (or such other
         period as the Committee may specify at or after grant) from the date of
         such death or until the expiration of the stated term of such Stock
         Option, whichever period is the shorter.

                  (h)      Termination by Reason of Disability. Subject to
         Section 5(k), if an optionee's employment by the Corporation and any
         Subsidiary or (except in the case of an Incentive Stock Option)
         Affiliate terminates by reason of Disability, any Stock Option held by
         such optionee may thereafter be exercised by the optionee, to the
         extent it was exercisable at the time of termination or (except in the
         case of an Incentive Stock Option) on such accelerated basis as the
         Committee may determine at or after grant (or, except in the case of an
         Incentive Stock Option, as may be determined in accordance with
         procedures established by the Committee), for a period of (i) three
         years (or such other period as the Committee may specify at or after
         grant) from the date of such termination of employment or until the
         expiration of the stated term of such Stock Option, whichever period is
         the shorter, in the case of a Non-Qualified Stock Option and (ii) one
         year from the date of termination of employment or until the expiration
         of the stated term of such Stock Option, whichever period is shorter,
         in the case of an Incentive Stock Option; provided however, that, if
         the optionee dies within the period specified in (i) above (or

                                       6
<PAGE>

         other such period as the Committee shall specify at or after grant),
         any unexercised Non-Qualified Stock Option held by such optionee shall
         thereafter be exercisable to the extent to which it was exercisable at
         the time of death for a period of twelve months from the date of such
         death or until the expiration of the stated term of such Stock Option,
         whichever period is shorter. In the event of termination of employment
         by reason of Disability, if an Incentive Stock Option is exercised
         after the expiration of the exercise period applicable to Incentive
         Stock Options, but before the expiration of any period that would apply
         if such Stock Option were a Non-Qualified Stock Option, such Stock
         Option will thereafter be treated as a Non-Qualified Stock Option.

                  (i)      Termination by Reason of Retirement. Subject to
         Section 5(k), if an optionee's employment by the Corporation and any
         Subsidiary or (except in the case of an Incentive Stock Option)
         Affiliate terminates by reason of Normal or Early Retirement, any Stock
         Option held by such optionee may thereafter be exercised by the
         optionee, to the extent it was exercisable at the time of such
         Retirement or (except in the case of an Incentive Stock Option) on such
         accelerated basis as the Committee may determine at or after grant (or,
         except in the case of an Incentive Stock Option, as may be determined
         in accordance with procedures established by the Committee), for a
         period of (i) three years (or such other period as the Committee may
         specify at or after grant) from the date of such termination of
         employment or the expiration of the stated term of such Stock Option,
         whichever period is the shorter, in the case of a Non-Qualified Stock
         Option and (ii) three months from the date of such termination of
         employment or the expiration of the stated term of such Stock Option,
         whichever period is the shorter, in the event of an Incentive Stock
         Option; provided however, that, if the optionee dies within the period
         specified in (i) above (or other such period as the Committee shall
         specify at or after grant), any unexercised Non-Qualified Stock Option
         held by such optionee shall thereafter be exercisable to the extent to
         which it was exercisable at the time of death for a period of twelve
         months from the date of such death or until the expiration of the
         stated term of such Stock Option, whichever period is shorter. In the
         event of termination of employment by reason of Retirement, if an
         Incentive Stock Option is exercised after the expiration of the
         exercise period applicable to Incentive Stock Options, but before the
         expiration of the period that would apply if such Stock Option were a
         Non-Qualified Stock Option, the option will thereafter be treated as a
         Non-Qualified Stock Option.

                  (j)      Other Termination. Subject to Section 5(k), unless
         otherwise determined by the Committee or the Board (or pursuant to
         procedures established by the Committee) at or (except in the case of
         an Incentive Stock Option) after grant, if an optionee's employment by
         the Corporation and any Subsidiary or (except in the case of an
         Incentive Stock Option) Affiliate is involuntarily terminated for any
         reason other than death, Disability or Normal or Early Retirement, the
         Stock Option shall thereupon terminate, except that such Stock Option
         may be exercised, to the extent otherwise then exercisable, for the
         lesser of three months or the balance of such Stock Option's term if
         the involuntary termination is without Cause. For purposes of this
         Plan, "Cause" means (i) a felony conviction of a participant or the
         failure of a participant to contest prosecution for a felony, or (ii) a
         participant's willful misconduct or dishonesty, which is directly and
         materially harmful to the business or reputation of the Corporation or
         any Subsidiary or Affiliate. If an optionee voluntarily terminates
         employment with the Corporation and any

                                       7
<PAGE>

         Subsidiary or (except in the case of an Incentive Stock Option)
         Affiliate (except for Disability, Normal or Early Retirement), the
         Stock Option shall thereupon terminate; provided, however, that the
         Committee at grant or (except in the case of an Incentive Stock Option)
         thereafter may extend the exercise period in this situation for the
         lesser of three months or the balance of such Stock Option's term.

                  (k)      Incentive Stock Options. Anything in the Plan to the
         contrary notwithstanding, no term of this Plan relating to Incentive
         Stock Options shall be interpreted, amended, or altered, nor shall any
         discretion or authority granted under the Plan be so exercised, so as
         to disqualify the Plan under Section 422 of the Code, or, without the
         consent of the optionee(s) affected, to disqualify any Incentive Stock
         Option under such Section 422. No Incentive Stock Option shall be
         granted to any participant under the Plan if such grant would cause the
         aggregate Fair Market Value (as of the date the Incentive Stock Option
         is granted) of the Common Stock with respect to which all Incentive
         Stock Options are exercisable for the first time by such participant
         during any calendar year (under all such plans of the Company and any
         Subsidiary) to exceed $100,000. To the extent permitted under Section
         422 of the Code or the applicable regulations thereunder or any
         applicable Internal Revenue Service pronouncement:

                           (i)      if (x) a participant's employment is
                  terminated by reason of death, Disability, or Retirement and
                  (y) the portion of any Incentive Stock Option that is
                  otherwise exercisable during the post-termination period
                  specified under Section 5(g), (h) or (i), applied without
                  regard to the $100,000 limitation contained in Section 422(d)
                  of the Code, is greater than the portion of such Option that
                  is immediately exercisable as an "Incentive Stock Option"
                  during such post-termination period under Section 422, such
                  excess shall be treated as a Non-Qualified Stock Option; and

                           (ii)     if the exercise of an Incentive Stock Option
                  is accelerated by reason of a Change in Control, any portion
                  of such Option that is not exercisable as an Incentive Stock
                  Option by reason of the $100,000 limitation contained in
                  Section 422(d) of the Code shall be treated as a Non-Qualified
                  Stock Option.

                  (l)      Buyout Provisions. The Committee may at any time
         offer to buy out for a payment in cash or Common Stock an Option
         previously granted, based on such terms and conditions as the Board
         shall establish and communicate to the optionee at the time that such
         offer is made.

                  (m)      Performance and Other Conditions. The Committee may
         condition the exercise of any Option upon the attainment of specified
         performance goals or other factors as the Committee may determine, in
         its sole discretion. Unless specifically provided in the option
         agreement, any such conditional Option shall vest immediately prior to
         its expiration if the conditions to exercise have not theretofore been
         satisfied.

SECTION 6.        CHANGE IN CONTROL PROVISIONS.

(a)      Impact of Event. In the event of:

                                       8
<PAGE>

                                    (1)      a "Change in Control" as defined in
                           Section 6(b); or

                                    (2)      a "Potential Change in Control" as
                           defined in Section 6(c), but only if and to the
                           extent so determined by the Committee and the Board,
                           at or after grant (subject to any right of approval
                           expressly reserved by the Committee or the Board at
                           the time of such determination),

                                             (i) Subject to the limitations set
                                    forth below in this Section 6(a), any Stock
                                    Option awarded under the Plan not previously
                                    exercisable and vested shall become fully
                                    exercisable and vested.

                                             (ii) Subject to the limitations set
                                    forth below in this Section 6(a), the value
                                    of all outstanding Stock Options and Outside
                                    Director Options, in each case to the extent
                                    vested, shall, unless otherwise determined
                                    by the Board or the Committee in its sole
                                    discretion prior to any Change in Control,
                                    be cashed out on the basis of the "Change in
                                    Control Price" as defined in Section 6(d) as
                                    of the date such Change in Control or such
                                    Potential Change in Control is determined to
                                    have occurred or such other date as the
                                    Board or Committee may determine prior to
                                    the Change in Control.

                                             (iii) The Board or the Committee
                                    may impose additional conditions on the
                                    acceleration or valuation of any award in
                                    the award agreement.

                  (b)      Definition of Change in Control. For purposes of
         Section 6(a), a "Change in Control" means the happening of any of the
         following:

                           (i)      any person or entity, including a "group" as
                  defined in Section 13(d)(3) of the Exchange Act, other than
                  the Corporation or a wholly-owned subsidiary thereof or any
                  employee benefit plan of the Corporation or any of its
                  Subsidiaries, becomes the beneficial owner of the
                  Corporation's securities having 50% or more of the combined
                  voting power of the then outstanding securities of the
                  Corporation that may be cast for the election of directors of
                  the Corporation (other than as a result of an issuance of
                  securities initiated by the Corporation in the ordinary course
                  of business); or

                           (ii)     as the result of, or in connection with, any
                  cash tender or exchange offer, merger or other business
                  combination, sales of assets or contested election, or any
                  combination of the foregoing transactions, less than a
                  majority of the combined voting power of the then outstanding
                  securities of the Corporation or any successor corporation or
                  entity entitled to vote generally in the election of the
                  directors of the Corporation or such other corporation or
                  entity after such transaction are held in the aggregate by the
                  holders of the Corporation's securities entitled to vote
                  generally in the election of directors of the Corporation
                  immediately prior to such transaction; or

                                       9
<PAGE>

                           (iii)    during any period of two consecutive years,
                  individuals who at the beginning of any such period constitute
                  the Board cease for any reason to constitute at least a
                  majority thereof, unless the election, or the nomination for
                  election by the Corporation's shareholders, of each director
                  of the Corporation first elected during such period was
                  approved by a vote of at least two-thirds of the directors of
                  the Corporation then still in office who were directors of the
                  Corporation at the beginning of any such period.

                  (c)      Definition of Potential Change in Control. For
         purposes of Section 6(a), a "Potential Change in Control" means the
         happening of any one of the following:

                           (i)      The approval by shareholders of an agreement
                  by the Corporation, the consummation of which would result in
                  a Change in Control of the Corporation as defined in Section
                  6(b); or

                           (ii)     The acquisition of beneficial ownership,
                  directly or indirectly, by any entity, person or group (other
                  than the Corporation or a Subsidiary or any Corporation
                  employee benefit plan (including any trustee of such plan
                  acting as such trustee)) of securities of the Corporation
                  representing 5% or more of the combined voting power of the
                  Corporation's outstanding securities and the adoption by the
                  Board of a resolution to the effect that a Potential Change in
                  Control of the Corporation has occurred for purposes of this
                  Plan.

                  (d)      Change in Control Price. For purposes of this
         Section 6, "Change in Control Price" means the highest price per share
         paid in any transaction reported on the Nasdaq stock market or such
         other exchange or market as is the principal trading market for the
         Common Stock, or paid or offered in any bona fide transaction related
         to a Potential or actual Change in Control of the Corporation at any
         time during the 60 day period immediately preceding the occurrence of
         the Change in Control (or, where applicable, the occurrence of the
         Potential Change in Control event), in each case as determined by the
         Committee and the Board except that, in the case of Incentive Stock
         Options such price shall be based only on transactions reported for the
         date on which the optionee exercises such Stock Options or, where
         applicable, the date on which a cash out occurs under Section 6(a)(ii).

SECTION 7.        AMENDMENTS AND TERMINATION.

         The Board may at any time amend, alter or discontinue the Plan;
provided, however, that, without the approval of the Corporation's shareholders,
no amendment or alteration may be made which would (a) except as a result of the
provisions of Section 3(c) of the Plan, increase the maximum number of shares
that may be issued under the Plan or increase the Section 162(m) Maximum, (b)
change the provisions governing Incentive Stock Options except as required or
permitted under the provisions governing incentive stock options under the Code,
or (c) make any change for which applicable law or regulatory authority
(including the regulatory authority of the "NASDAQ" or any other market or
exchange on which the Common Stock is traded) would require shareholder approval
or for which shareholder approval would be required to secure full deductibility
of compensation received under the Plan under Section 162(m) of the

                                       10
<PAGE>

Code. No amendment, alteration, or discontinuation shall be made which would
impair the rights of an optionee or participant under a Stock Option theretofore
granted, without the participant's consent.

         The Committee may amend the terms of any Stock Option or other award
theretofore granted, prospectively or retroactively, subject to Board
ratification, but, subject to Section 3 above, no such amendment shall impair
the rights of any holder without the holder's consent. The Committee may also
substitute new Stock Options for previously granted Stock Options (on a one for
one or other basis), including previously granted Stock Options having higher
option exercise prices. Solely for purposes of computing the Section 162(m)
Maximum, if any Stock Options previously granted to a participant are canceled
and new Stock Options having a lower exercise price or other more favorable
terms for the participant are substituted in their place, both the initial Stock
Options and the replacement Stock Options will be deemed to be outstanding
(although the canceled Stock Options will not be exercisable or deemed
outstanding for any other purpose).

SECTION 8.        UNFUNDED STATUS OF PLAN.

         The Plan is intended to constitute an "unfunded" plan for incentive and
deferred compensation. With respect to any payments not yet made to a
participant or optionee by the Corporation, nothing contained herein shall give
any such participant or optionee any rights that are greater than those of a
general creditor of the Corporation. In its sole discretion, the Committee and
the Board may authorize the creation of trusts or other arrangements to meet the
obligations created under the Plan to deliver Common Stock or payments in lieu
of; provided, however, that, unless the Committee and the Board otherwise
determines with the consent of the affected participant, the existence of such
trusts or other arrangements is consistent with the "unfunded" status of the
Plan.

SECTION 9.        GENERAL PROVISIONS.

                  (a)      The Committee may require each person purchasing
         shares pursuant to a Stock Option to represent to and agree with the
         Corporation in writing that the optionee or participant is acquiring
         the shares without a view to distribution thereof. The certificates for
         such shares may include any legend which the Committee deems
         appropriate to reflect any restrictions on transfer. All certificates
         for shares of Common Stock or other securities delivered under the Plan
         shall be subject to such stock-transfer orders and other restrictions
         as the Committee may deem advisable under the rules, regulations, and
         other requirements of the Commission, any stock exchange upon which the
         Common Stock is then listed, and any applicable Federal or state
         securities law, and the Committee may cause a legend or legends to be
         put on any such certificates to make appropriate reference to such
         restrictions.

                  (b)      Nothing contained in this Plan shall prevent the
         Board from adopting other or additional compensation arrangements,
         subject to shareholder approval if such approval is required; and such
         arrangements may be either generally applicable or applicable only in
         specific cases.

                                       11
<PAGE>

                  (c)      The adoption of the Plan shall not confer upon any
         employee of the Corporation or any Subsidiary or Affiliate any right to
         continued employment with the Corporation or a Subsidiary or Affiliate,
         as the case may be, nor shall it interfere in any way with the right of
         the Corporation or a Subsidiary or Affiliate to terminate the
         employment of any of its employees at any time.

                  (d)      No later than the date as of which an amount first
         becomes includible in the gross income of the participant for Federal
         income tax purposes with respect to any award under the Plan, the
         participant shall pay to the Corporation, or make arrangements
         satisfactory to the Committee regarding the payment of, any Federal,
         state, or local taxes of any kind required by law to be withheld with
         respect to such amount. The Committee may require withholding
         obligations to be settled with Common Stock, including Common Stock
         that is part of the award that gives rise to the withholding
         requirement. The obligations of the Corporation under the Plan shall be
         conditional on such payment or arrangements and the Corporation and its
         Subsidiaries or Affiliates shall, to the extent permitted by law, have
         the right to deduct any such taxes from any payment of any kind
         otherwise due to the participant.

                  (e)      The Plan and all awards made and actions taken
         thereunder shall be governed by and construed in accordance with the
         laws of the State of Tennessee.

                  (f)      The members of the Committee and the Board shall not
         be liable to any employee or other person with respect to any
         determination made hereunder in a manner that is not inconsistent with
         their legal obligations as members of the Board. In addition to such
         other rights of indemnification as they may have as directors or as
         members of the Committee, the members of the Committee and the Board
         shall be indemnified by the Corporation against the reasonable
         expenses, including attorneys' fees actually and necessarily incurred
         in connection with the defense of any action, suit or proceeding, or in
         connection with any appeal therein, to which they or any of them may be
         a party by reason of any action taken or failure to act under or in
         connection with the Plan or any option granted thereunder, and against
         all amounts paid by them in settlement thereof (provided such
         settlement is approved by independent legal counsel selected by the
         Corporation) or paid by them in satisfaction of a judgment in any such
         action, suit or proceeding, except in relation to matters as to which
         it shall be adjudged in such action, suit or proceeding that such
         Committee or Board member is liable for negligence or misconduct in the
         performance of his duties; provided that within 60 days after
         institution of any such action, suit or proceeding, the Committee or
         Board member shall in writing offer the Corporation the opportunity, at
         its own expense, to handle and defend the same.

                  (g)      In addition to any other restrictions on transfer
         that may be applicable under the terms of this Plan or the applicable
         award agreement, no Stock Option issued under this Plan is transferable
         by the participant without the prior written consent of the Board, or
         the Committee if so delegated, other than (i) transfers by an optionee
         to a member of his or her Immediate Family or a trust for the benefit
         of the optionee or a member of his or her Immediate Family or (ii)
         transfers by will or by the laws of descent and distribution. The
         designation of a beneficiary will not constitute a transfer.

                                       12
<PAGE>

                  (h)      The Committee, subject to Board ratification, may, at
         or after grant, condition the receipt of any payment in respect of any
         award or the transfer of any shares subject to an award on the
         satisfaction of a six-month holding period, if such holding period is
         required for compliance with Section 16 under the Exchange Act.

SECTION 10.       [INTENTIONALLY OMITTED]

SECTION 11.       EFFECTIVE DATE OF PLAN; CONNECTION WITH PRIOR OPTIONS.

         The Plan shall be effective on the date it is approved by the Board of
the Corporation and shall govern, but shall not limit any terms or provisions
under agreements for, options granted on or after March 1, 1998 under the Plan.

SECTION 12.       TERM OF PLAN.

         No Stock Option shall be granted pursuant to the Plan on or after the
tenth anniversary of the Effective Date of the Plan, but awards granted prior to
such tenth anniversary may be extended beyond that date.

                                       13

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