Document:

2011 Incentive Program

 Exhibit 10.1 
 COMPUTER PROGRAMS AND SYSTEMS, INC. 
 2011 EXECUTIVE OFFICER INCENTIVE PROGRAM

 1. Purpose and Administration of the 2011 Incentive Program. The 2011 Executive Officer Incentive Program (the
“2011 Incentive Program”) has been established by Computer Programs and Systems, Inc. (the “Corporation”) to encourage outstanding performance from its executive officers. Subject to applicable law, all designations,
determinations, interpretations, and other decisions under or with respect to the 2011 Incentive Program or any bonus award hereunder shall be within the sole discretion of the Compensation Committee (the “Compensation Committee”) of the
Board of Directors (the “Board”) of the Corporation, may be made at any time and shall be final, conclusive and binding upon all persons. Designations, determinations, interpretations, and other decisions made by the Compensation Committee
with respect to the 2011 Incentive Program or any bonus award hereunder, including but not limited to the application of the Recoupment Policy described herein, need not be uniform and may be made selectively among Eligible Executives, whether or
not such Eligible Executives are similarly situated. 
 2. Participation. All executives officers of the Corporation,
except executives who receive commission-based compensation, are eligible to receive a bonus award pursuant to the 2011 Incentive Program (each, an “Eligible Executive”). Each Eligible Executive selected by the Board to receive a bonus
award under the 2011 Incentive Program is referred to herein as a “Participant.” 
 3. Calculation and Payment of
Awards. Bonus awards shall be calculated based on the financial results of the Corporation for the 2011 fiscal year. The bonus awards to be paid pursuant to the 2011 Incentive Program (each, an “Award”) shall be on such terms as the
Board may prescribe, at the Compensation Committee’s recommendation, based on the performance criteria set forth on Schedule A hereto. The target(s) for the performance criteria shall be determined by the Board, in its discretion, at the
recommendation of the Compensation Committee, as set forth on Schedule A hereto. As soon as practicable following the 2011 fiscal year, the Compensation Committee shall determine and certify whether and to what extent the performance goal has
been met, as well as the amount of the Award that each Participant has earned under the 2011 Incentive Program. A Participant is required to remain employed with the Corporation through the end of the 2011 fiscal year in order to have a legally
binding right to the Award. 
 Awards pursuant to the 2011 Incentive Program will be paid solely in cash. All amounts due to
Participants under the 2011 Incentive Program shall be paid as soon as administratively feasible after the end of the 2011 fiscal year, and, in any event, no later than March 15, 2012. Except as the Compensation Committee may otherwise
determine in its sole and absolute discretion, termination of a Participant’s employment prior to the end of the 2011 fiscal year will result in the forfeiture of the Award by the Participant, and no payments shall be made with respect thereto.
This 2011 Incentive Program is not a “qualified” plan for federal income tax purposes, and any payments are subject to applicable tax withholding requirements. 
 4. Adjustments for Unusual or Nonrecurring Events. The Compensation Committee is hereby authorized to make adjustments in the terms and conditions of, and the criteria included in, bonus awards
under the 2011 Incentive Program in recognition of unusual or nonrecurring events affecting any Participant, the Corporation, or the financial statements of the Corporation; in the event of changes in applicable laws, regulations or accounting
principles; or in the event the Compensation Committee determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the 2011 Incentive Program.
The Compensation Committee is also authorized to adjust performance targets or bonus awards downward to avoid unwarranted windfalls. Notwithstanding the foregoing, the Compensation Committee shall not have the discretion to increase any Award
payable to a Participant in excess of that provided by the application of the terms and conditions set forth in Schedule A hereto. 
 5. Recoupment Policy. The Corporation may recover from any Participant any incentive compensation awarded or paid pursuant to this 2011 Incentive Program based on (i) achievement of financial
results that were subsequently the subject of a restatement due to material noncompliance with any financial reporting requirement under either GAAP or the federal securities laws, other than as a result of changes to accounting rules

 
and regulations, or (ii) a subsequent finding that the financial information or performance metrics used by the Compensation Committee to determine the amount of the incentive compensation
were materially inaccurate, in each case regardless of individual fault. In addition, the Corporation may recover any incentive compensation awarded or paid pursuant to this 2011 Incentive Program based on a Participant’s conduct which is not
in good faith and which materially disrupts, damages, impairs or interferes with the business of the Corporation. This Recoupment Policy applies to any incentive compensation earned or paid to an Eligible Executive pursuant to this 2011 Incentive
Program. Subsequent changes in status, including retirement or termination of employment, do not affect the Corporation’s rights to recover compensation under this policy. The Compensation Committee will administer this policy and exercise its
discretion and business judgment in the fair application of this policy based on the facts and circumstances as it deems relevant in its sole discretion. More specifically, the Compensation Committee shall determine in its discretion any appropriate
amounts to recoup, the officers from whom such amounts shall be recouped (which need not be all officers who received the bonus compensation at issue) and the timing and form of recoupment; provided, that only compensation paid or settled within
three years prior to the Compensation Committee taking action under this Recoupment Policy shall be subject to recoupment; provided further, that any recoupment pursuant to clause (i) or (ii) of the first sentence of this paragraph shall
not exceed the portion of any applicable bonus paid hereunder that is in excess of the amount of performance-based or incentive compensation that would have been paid or granted based on the actual, restated financial statements or actual level of
the applicable financial or performance metrics as determined by the Compensation Committee in its sole discretion. 
 For
avoidance of doubt, the Corporation may set off the amounts of any such required recoupment against any amounts otherwise owed by the Corporation to a Participant as determined by the Compensation Committee in its sole discretion, solely to the
extent any such offset complies with the requirements of Section 409A of the Internal Revenue Code, as amended (the “Code”), and the guidance issued thereunder. 
 If any restatement of the Corporation’s financial results indicates that the Corporation should have made higher performance-based payments than those actually made under the 2011 Incentive Program
for the period affected by the restatement, then the Compensation Committee shall have discretion, but not the obligation to cause the Corporation to make appropriate incremental payments to affected Participants then-currently employed by the
Corporation. The Compensation Committee will determine, in its sole discretion, the amount, form and timing of any such incremental payments, which shall be no more than the difference between the amount of performance-based compensation that was
paid or awarded and the amount that would have been paid or granted based on the actual, restated financial statements. 
 6.
No Right to Employment. The grant of an Award under the 2011 Incentive Program shall not be construed as giving a Participant the right to be retained in the employ of the Corporation. 

7. No Trust or Fund Created. Neither the 2011 Incentive Program nor any Award shall create or be construed to create a trust or
separate fund of any kind or a fiduciary relationship between the Corporation and a Participant or any other person. To the extent that any person acquires a right to receive payments from the Corporation pursuant to an Award, such right shall be no
greater than the right of any unsecured general creditor of the Corporation. 
 8. No Rights to Awards. No person shall
have any claim to be granted any Award and there is no obligation for uniformity of treatment among Participants. The terms and conditions of Awards, if any, need not be the same with respect to each Participant. The Corporation reserves the right
to terminate the 2011 Incentive Program at any time in the Corporation’s sole discretion. 
 9. Section 409A of the
Internal Revenue Code. This 2011 Incentive Program is intended to be exempt from Section 409A of the Code. 
 10.
Interpretation and Governing Law. This 2011 Incentive Program shall be governed by and interpreted and construed in accordance with the internal laws of the State of Alabama, without reference to principles of conflicts or choices of laws. In
the event the terms of this 2011 Incentive Program are inconsistent with the terms of any written agreement between a Participant and the Corporation, the terms of such written agreement shall govern the Participant’s participation in the 2011
Incentive Program. 

 Schedule A 
 to 2011 Incentive Program 
 Performance Metric; Determination of
Percentage of Target Bonus Amount Earned 
 The performance metric selected by the Board is the
Corporation’s EBITDA.1 The percentage of the target
award (“Target Bonus Amount”) that is earned by a Participant is based on the Corporation’s EBITDA in 2011 (“2011 EBITDA”) compared to the Corporation’s EBITDA in 2010 (“2010 EBITDA”), as follows: 

 

	 	•	 	 Threshold: 50% of the Participant’s Target Bonus Amount is earned if 2011 EBITDA is 55% of 2010 EBITDA. No bonus is earned if 2011 EBITDA
is less than 55% of 2010 EBITDA. 

  

	 	•	 	 Target: 100% of the Participant’s Target Bonus Amount is earned if 2011 EBITDA is 105% of 2010 EBITDA. 

 

	 	•	 	 Maximum: 150% of the Participant’s Target Bonus Amount is earned if 2011 EBITDA equals or exceeds 155% of 2010 EBITDA.

  

	 	•	 	 Interpolation: The Corporation interpolates between the threshold, target, and maximum goals. Accordingly, where 2011 EBITDA is between 55% and
155% of 2010 EBITDA, the Participant will earn a percentage of the Target Bonus Amount equal to 5% less than 2011 EBITDA as a percentage of 2010 EBITDA. 

 The following table provides an illustration of the percentage of the Target Bonus Amount that is earned by each Participant based on 2011 EBITDA as a percentage of 2010 EBITDA. The Corporation will
interpolate between the amounts set forth below. For example, if 2011 EBITDA is 107% of 2010 EBITDA, each Participant will earn 102% of his Target Bonus Amount. 
  

			
	 2011 EBITDA
	  	 Percentage of Target Bonus Amount

Earned by Participant

		
	Less than 55% of 2010 EBITDA	  	No bonus earned
	55% of 2010 EBITDA	  	50% of Target Bonus Amount
	60% of 2010 EBITDA	  	55% of Target Bonus Amount
	65% of 2010 EBITDA	  	60% of Target Bonus Amount
	70% of 2010 EBITDA	  	65% of Target Bonus Amount
	75% of 2010 EBITDA	  	70% of Target Bonus Amount
	80% of 2010 EBITDA	  	75% of Target Bonus Amount
	85% of 2010 EBITDA	  	80% of Target Bonus Amount
	90% of 2010 EBITDA	  	85% of Target Bonus Amount
	95% of 2010 EBITDA	  	90% of Target Bonus Amount
	100% of 2010 EBITDA	  	95% of Target Bonus Amount
	105% of 2010 EBITDA	  	100% of Target Bonus Amount
	110% of 2010 EBITDA	  	105% of Target Bonus Amount
	115% of 2010 EBITDA	  	110% of Target Bonus Amount
	120% of 2010 EBITDA	  	115% of Target Bonus Amount
	125% of 2010 EBITDA	  	120% of Target Bonus Amount
	130% of 2010 EBITDA	  	125% of Target Bonus Amount
	135% of 2010 EBITDA	  	130% of Target Bonus Amount
	140% of 2010 EBITDA	  	135% of Target Bonus Amount

 

	1 	 “EBITDA” means earnings before interest, income taxes, depreciation and amortization, as determined in good faith by the Board or the
Compensation Committee, in consultation with the Chief Executive Officer of the Corporation. 

			
	 2011 EBITDA
	  	 Percentage of Target Bonus Amount

Earned by Participant

		
	 145% of 2010 EBITDA
	  	140% of Target Bonus Amount
	 150% of 2010 EBITDA
	  	145% of Target Bonus Amount
	 155% or more of 2010 EBITDA
	  	150% of Target Bonus AmountForm of Indemnification Agreement

 Exhibit 10.1 
 INDEMNIFICATION AGREEMENT 
 This Agreement is made as of the
         day of April, 2011, among Bank of the Ozarks, Inc., an Arkansas corporation (the “Corporation”), and
                     (“Indemnitee”), with reference to the following facts: 

RECITALS 

A. The Corporation recognizes that competent and experienced persons are increasingly reluctant to serve or to continue to serve as
directors or officers of corporations unless they are protected by comprehensive liability insurance or indemnification, or both, due to increased exposure to litigation costs and risks resulting from their service to such corporations, and due to
the fact that the exposure frequently bears no reasonable relationship to the compensation of such officers and directors. 
 B.
The Corporation’s Bylaws require the Corporation to indemnify its officers and directors to the fullest extent permitted by the Arkansas Business Corporation Act of 1987, as amended, Arkansas Code Section 4-27-101 et seq. (the
“Act”), under which Act the Corporation is organized. The Bylaws expressly provide that the indemnification provisions set forth therein are not exclusive, and contemplate that contracts may be entered into between the Corporation and its
officers and directors with respect to indemnification. 
 C. Section 850 of the Act (Arkansas Code Section 4-27-850)
empowers the Corporation to indemnify its officers, directors, employees and agents by agreement and to indemnify persons who serve, at the request of the Corporation, as the directors, officers, employees or agents of other corporations or
enterprises, and expressly provides that the indemnification provided in Section 850 is not exclusive; 
 D.
Section 202(b)(3) of the Act (Arkansas Code Section 202(b)(3)) allows a corporation to include in its articles of incorporation a provision eliminating or limiting the personal liability of a director for monetary damages in respect of
claims by shareholders or the corporation for breach of certain fiduciary duties, and the Corporation has so provided in its Articles of Incorporation that each director shall be exculpated from such liability to the maximum extent permitted by law;

 E. The Board of Directors has determined that contractual indemnification as set forth herein is not only reasonable and
prudent but also promotes the best interests of the Corporation and its shareholders; 
 F. The Corporation desires and has
requested Indemnitee to serve or continue to serve as an officer and/or director of the Corporation and/or its subsidiaries free from undue concern for unwarranted claims for damages arising out of or related to such services to the Corporation
and/or its subsidiaries; and 
 G. Indemnitee is willing to serve, continue to serve or to provide additional service for or on
behalf of the Corporation and/or its subsidiaries on the condition that Indemnitee is furnished the indemnity provided for herein. 

  
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 AGREEMENT 
 In order to induce Indemnitee to continue to serve as an officer and/or director for the Corporation and/or its subsidiaries, and in consideration for such continued service, the Corporation hereby agrees
to indemnify Indemnitee as follows: 
 1. Indemnification Generally. To the fullest extent permitted by the laws of the
State of Arkansas: 
  

	 	a.	The Corporation shall indemnify Indemnitee if Indemnitee was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or
proceeding, whether civil, criminal, administrative or investigative, by reason of the fact that Indemnitee is or was or has agreed to serve at the request of the Corporation as a director, officer, employee or agent of the Corporation, or while
serving as a director or officer of the Corporation, is or was serving or has agreed to serve at the request of the Corporation as a director, officer, employee or agent (which, for purposes hereof, shall include a trustee, partner or manager or
similar capacity) of another corporation, partnership, joint venture, trust, employee benefit plan, limited liability company or other enterprise, or by reason of any action alleged to have been taken or omitted in such capacity. For the avoidance
of doubt, the foregoing indemnification obligation includes, without limitation, claims for monetary damages against Indemnitee in respect of an alleged breach of fiduciary duties, to the fullest extent permitted under Section 202(b)(3) of the
Act as in existence on the date hereof. 

  

	 	b.	The indemnification provided by this Section 1 shall be from and against expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement
actually and reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection with such action, suit or proceeding and any appeal therefrom, but shall only be provided if Indemnitee acted in good faith and in a manner Indemnitee
reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action, suit or proceeding, had no reasonable cause to believe Indemnitee’s conduct was unlawful. 

 

	 	c.	Notwithstanding any other provision of this Agreement to the contrary, to the extent that Indemnitee is, by reason of Indemnitee’s position with respect to the
Corporation or any corporation, partnership, joint venture, trust, employee benefit plan, limited liability company or other enterprise in which Indemnitee is or was serving or has agreed to serve at the request of the Corporation, a witness or
otherwise participates in any action, suit or proceeding at a time when Indemnitee is not a party in the action, suit or proceeding, the Corporation shall indemnify Indemnitee against all expenses (including attorneys’ fees) actually and
reasonably incurred by Indemnitee or on Indemnitee’s behalf in connection therewith. 

  
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	 	d.	The termination of any action, suit or proceeding by judgment, order, settlement, conviction, or upon a plea of nolo contendere or its equivalent, shall not, of itself,
create a presumption that Indemnitee did not act in good faith and in a manner which Indemnitee reasonably believed to be in or not opposed to the best interests of the Corporation, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that Indemnitee’s conduct was unlawful. 

 2. Subrogation. In the event of
payment under this Agreement, the Corporation shall be subrogated to the extent of such payment to all of the rights of recovery of Indemnitee, who shall execute all papers required and shall do everything that may be reasonably necessary to secure
such rights, including the execution of such documents necessary to enable the Corporation effectively to bring suit to enforce such rights. 
 3. Limitations on Indemnification. Notwithstanding the provisions of Section 1, the Corporation shall not be liable under this Agreement to make any payment in connection with any claim made
against the Indemnitee: 
  

	 	a.	for which payment is actually made to the Indemnitee under a valid and collectible insurance policy, except in respect of any excess beyond the amount of payment under
such insurance; 

  

	 	b.	for which the Indemnitee is entitled to indemnity and/or payment by reason of having given notice of any circumstance which might give rise to a claim under any policy
of insurance, the terms of which have expired prior to the effective date of this Agreement; 

  

	 	c.	for which the Indemnitee is indemnified by the Corporation otherwise than pursuant to this Agreement; 

 

	 	d.	based upon or attributable to the Indemnitee gaining in fact any remuneration, personal profit or advantage to which he was not legally entitled;

  

	 	e.	for an accounting of profits made from the purchase or sale by the Indemnitee of securities of the Corporation within the meaning of Section 16(b) of the
Securities Exchange Act of 1934 and amendments thereto or similar provisions of any state statutory law or common law; 

  

	 	f.	brought about or contributed to by the dishonesty of Indemnitee; provided however, notwithstanding the foregoing, Indemnitee shall be protected under this Agreement as
to any claims upon which suit may be brought against him by reason of any alleged dishonesty on his part, unless a judgment or other final adjudication thereof adverse to Indemnitee shall establish that he committed acts of active and deliberate
dishonesty with actual dishonest purpose and intent which were material to the cause of action so adjudicated; or 

  

	 	g.	if a final decision by a court having jurisdiction in the matter shall determine that such payment is not lawful. 

  
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 4. Contribution. If the indemnification provided hereunder is unavailable and may
not be paid to Indemnitee for any reason other than those set forth in paragraphs (a) through (f) of Section 3, then in respect of any threatened, pending or completed action, suit or proceeding in which the Corporation is jointly
liable with Indemnitee (or would be if joined in such action, suit or proceeding), the Corporation shall contribute to the amount of damages, judgments, fines, amounts paid in settlement and expenses paid or payable by Indemnitee in such proportion
as is appropriate to reflect (i) the relative benefits received by the Corporation on the one hand and Indemnitee on the other hand from the transaction from which such action, suit or proceeding arose, and (ii) the relative fault of the
Corporation on the one hand and of Indemnitee on the other in connection with the events which resulted in such damages, judgments, fines, amounts paid in settlement and expenses, as well as any other relevant equitable considerations. The relative
fault of the Corporation on the one hand and of Indemnitee on the other shall be determined by reference to, among other things, the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent the
circumstances resulting in such expenses, judgments, fines or settlement amounts. The Corporation agrees that it would not be just and equitable if contribution pursuant to this Section 4 were determined by pro rata allocation or any other
method of allocation which does not take account of the foregoing equitable considerations. 
 5. Procedure for
Indemnification. Promptly after receipt by Indemnitee of notice of the commencement of any action, suit or proceedings, Indemnitee will, if a claim in respect thereof is to be made against the Corporation under this Agreement, notify the
Corporation of the commencement thereof, but the omission so to notify the Corporation will not relieve the Corporation from any liability which it may have to Indemnitee otherwise than under this Agreement with respect to any such action, suit or
proceedings as to which Indemnitee notifies the Corporation of the commencement thereof. In connection with any such action, suit or proceedings: 
  

	 	a.	the Corporation will be entitled to participate therein at its own expense; 

 

	 	b.	except as otherwise provided below, to the extent that it may wish, the Corporation jointly with any other indemnifying party similarly notified will be entitled to
assume the defense thereof; with counsel satisfactory to Indemnitee. After notice from the Corporation to Indemnitee of its election so as to assume the defense thereof; the Corporation will not be liable to Indemnitee under this Agreement for any
legal or other expenses subsequently incurred by Indemnitee in connection with the defense thereof other than reasonable costs of investigation or as otherwise provided below. Indemnitee shall have the right to employ its counsel in such action,
suit or proceedings but the fees and expenses of such counsel incurred after notice from the Corporation of its assumption of the defense thereof shall be at the expense of Indemnitee unless (i) the employment of counsel by Indemnitee has been
authorized by the Corporation, (ii) Indemnitee shall have reasonably concluded that there may be a conflict of interest between the Corporation and Indemnitee in the conduct of the defense of such action or (iii) the Corporation shall not
in fact have employed counsel to assume the defense of such action, in each of which cases the fees and expenses of counsel shall be at the expense of the Corporation. The Corporation shall 

  
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not be entitled to assume the defense of any action, suit or proceedings brought by or on behalf of the Corporation or as to which Indemnitee shall have made the conclusion provided for in
(ii) above; and 

  

	 	c.	the Corporation shall not be liable to indemnify Indemnitee under this Agreement for any amounts paid in settlement of any action or claim effected without its written
consent. The Corporation shall not settle any action or claim in any manner which would impose any penalty or limitation on Indemnitee without Indemnitee’s written consent. Neither the Corporation nor Indemnitee will unreasonably withhold its
consent to any proposed settlement. 

 6. Advance Payment of Expenses. In the event that Indemnitee employs
his own counsel pursuant to Section 5(b)(i) through (iii) above, the Corporation shall advance to Indemnitee, prior to any final disposition of any threatened or pending claim, action, suit or proceedings, whether civil, criminal,
administrative or investigative, any and all reasonable expenses (including legal fees and expenses) incurred in investigating or defending any such claim, action, suit or proceedings within ten (10) days after receiving copies of invoices
presented to Indemnitee for such expenses. Indemnitee agrees that Indemnitee will reimburse the Corporation for all reasonable expenses paid by the Corporation in defending any civil or criminal claim, action, suit or proceedings against Indemnitee
in the event and only to the extent that a final decision by a court having jurisdiction in the matter shall determine that it is unlawful for Indemnitee to be indemnified by corporation for such expenses. 

7. Death of Indemnitee. If Indemnitee would have been entitled to indemnification under any provision of this Agreement while
living, but Indemnitee is deceased at the time any claim, action, suit or proceeding is commenced that would give rise to such indemnification, the Corporation shall indemnify Indemnitee’s estate and his or her spouse, heirs, administrators and
executors against, and the Corporation shall assume any and all costs, charges and expenses (including attorneys’ fees), penalties and fines actually and reasonably incurred by or for Indemnitee or his or her estate in connection with the
investigation, defense, settlement or appeal of any such claim, action, suit or proceeding. Further, when requested in writing by the spouse of Indemnitee and/or the heirs, executors or administrators of Indemnitee’s estate, the Corporation
shall provide appropriate evidence of the Corporation’s agreement set out herein to indemnify Indemnitee against and to assume itself such costs, charges, liabilities and expenses. 

8. Partial Indemnification. If Indemnitee is entitled under any provision of this Agreement to indemnification by the Corporation
for some or a portion of the cost, charges and expenses (including attorneys’ fees), judgments, fines and amounts paid in settlement by him or her in the investigation, defense, appeal or settlement of such suit, action or proceeding but not,
however, for all of the total amount thereof, the Corporation shall nevertheless indemnify Indemnitee as to the portion thereof to which Indemnitee is entitled. 
 9. Non-Exclusivity. The indemnification and advance payment of expenses as provided by any provision of this Agreement shall not be deemed exclusive of any other rights to which Indemnitee may be
entitled under any provision of law, any Policy (as defined herein), the Corporation’s Articles of Incorporation or Bylaws, this or any other agreement, vote of shareholders or disinterested directors, or otherwise, as to action in his or her
official capacity, and shall continue after Indemnitee has ceased to occupy such position and shall inure to the benefit of the heirs, executors and administrators of Indemnitee. 

  
 5 

 10. No “Contractual Liability”. This Agreement shall not be construed so
as to give rise to a “contractual liability” which is excluded by any Policy. Each and every term hereof is enforceable by the Indemnitee solely as to amounts (i) in excess of the limits of any Policy with respect to costs, charges
and expenses (including attorneys’ fees), judgments, fines, penalties and amounts paid in settlement for which coverage is in effect under any Policy, (ii) used under any Policy as a “deductible” amount and (iii) which none
of any Policy and the other liability insurance policies of the Corporation clearly covers for the Indemnitee as insured thereunder; however, in any case in which the Corporation believes a Policy or its other insurance should cover a loss, cost or
expense, the Corporation may make a contingent advance of monies pursuant to the terms hereof without admission, waiver or prejudice to its position that the Policy or the Corporation’s other insurance covers the loss, cost or expense.

 11. Purpose/Inducement. The Corporation expressly confirms and agrees that it has entered into this Agreement and
assumed the obligations imposed on the Corporation hereby in order to induce Indemnitee to continue with the Corporation and/or its subsidiaries in the capacity or capacities as set forth in the recitals to this Agreement, and acknowledges that
Indemnitee is relying upon this Agreement in continuing in such capacity or capacities. In the event Indemnitee is required to bring any action to enforce rights or to collect monies due under this Agreement and is successful in such action, the
Corporation shall reimburse Indemnitee for all of Indemnitee’s reasonable fees and expenses in bringing and pursuing such action. 
 12. Certain Definitions. Unless the context otherwise clearly indicates to the contrary, the following terms as used in this Agreement shall have the respective meanings set forth below.

  

	 	a.	The term “action, suit or proceeding” shall be broadly construed and shall include, without limitation, the investigation, preparation, prosecution, defense,
settlement, arbitration and appeal of, and the giving of testimony in, any threatened, pending or completed claim, action, suit or proceeding, whether civil, criminal, administrative or investigative. 

 

	 	b.	The term “expenses” shall be broadly and reasonably construed and shall include, without limitation, all direct and indirect costs of any type or nature
whatsoever (including, without limitation, all attorneys’ fees and related disbursements, appeal bonds, other out-of-pocket costs and reasonable compensation for time spent by Indemnitee for which Indemnitee is not otherwise compensated by the
Corporation or any third party, provided that the rate of compensation and estimated time involved is approved by the Board, which approval shall not be unreasonably withheld), actually and reasonably incurred by Indemnitee in connection with either
the investigation, defense or appeal of a proceeding or establishing or enforcing a right to indemnification under this Agreement, Section 850 of the Act or otherwise. 

  
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	 	c.	The term “judgments, fines and amounts paid in settlement” shall be broadly construed and shall include, without limitation, all direct and indirect payments
of any type or nature whatsoever (including, without limitation, all penalties and amounts required to be forfeited or reimbursed to the Corporation), as well as any penalties or excise taxes assessed on a person with respect to an employee benefit
plan. 

  

	 	d.	The term “Corporation” shall include, without limitation and in addition to the resulting corporation, any constituent corporation (including any constituent
of a constituent) absorbed in a consolidation or merger which, if its separate existence had continued, would have had power and authority to indemnify its directors, officers, and employees or agents, so that any person who is or was a director,
officer, employee or agent of such constituent corporation, or is or was serving at the request of such constituent corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust, employee benefit
plan, limited liability company or other enterprise, shall stand in the same position under the provisions of this Agreement with respect to the resulting or surviving corporation as he or she would have with respect to such constituent corporation
if its separate existence had continued. 

  

	 	e.	A person who acted in good faith and in a manner such person reasonably believed to be in the interest of the participants and beneficiaries of an employee benefit plan
shall be deemed to have acted in a manner “not opposed to the best interests of the Corporation” as referred to in this Agreement. 

  

	 	f.	The term “Person” means any one (or more) individual or natural person or any one (or more) corporation, firm, joint venture, partnership, proprietorship,
business venture, government, governmental body, agency or instrumentality, estate, trust, association, limited liability company or other legal entity whatsoever or a group of same. 

 

	 	g.	The term “Policy” shall refer to any insurance policy or coverage obtained with respect of potential liabilities of directors and officers of the Corporation.

 13. Severability. Each of the provisions of this Agreement is a separate and distinct agreement and
independent of the others, so that if any provision hereof shall be held to be invalid or unenforceable for any reason, such invalidity or enforceability shall not affect the validity or enforceability of the other provisions hereof. 

14. Supersedes Prior Agreement. This Agreement supersedes any prior indemnification agreement between Indemnitee and the
Corporation or its predecessors. 
 15. Governing Law. This Agreement shall be interpreted and enforced in accordance
with the internal laws of the State of Arkansas without regard for the principles of conflict of laws. 
 16. Successors and
Assigns. This Agreement shall be binding upon Indemnitee and upon the Corporation, its successors and assigns, and shall inure to the benefit of Indemnitee, his heirs, personal representatives and assigns and to the benefit of the Corporation,
its successors and assigns. 

  
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 17. Amendments. No amendment, modification, termination or cancellation of this
Agreement shall be effective unless in writing, signed by both parties hereto. 
 18. Employment Rights. Nothing in this
Agreement is intended to create in Indemnitee any right to employment or continued employment. 
 19. Counterparts. This
Agreement may be executed in two or more counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument, notwithstanding that both parties are not signatories to the original
or same counterpart. 
 20. Headings. The section and subsection headings contained in this Agreement are for reference
purposes only and shall not affect in any way the meaning or interpretation of this Agreement. 
 [Signature page follows]

  
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 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on and as of the day
and year first above written. 
  

			
	BANK OF THE OZARKS, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	INDEMNITEE
	
	  

	Signature
	
	  

	Printed or Typed Name

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00188-of-00352.parquet"}]]