Document:

EXHIBIT 10.1

 

GREENE COUNTY BANCSHARES, INC.

2004 LONG-TERM INCENTIVE PLAN

 

 

 

Stock Appreciation Right Award Agreement

 

 

Award No.       

 

                You (the “Participant”) are hereby awarded the
following stock appreciation right (the “SAR”), to be settled in cash, subject
to the terms and conditions set forth in this Stock Appreciation Right Award
Agreement (the “Award Agreement”) and in the Greene County Bancshares, Inc.
2004 Long-Term Incentive Plan (the “Plan”), which is attached hereto as Exhibit A.  A summary of the Plan appears in its
Prospectus, which is attached as Exhibit B.  You should carefully review these documents,
and consult with your personal financial advisor, in order to fully understand
the implications of this Award, including your tax alternatives and their
consequences.

 

                By executing this
Award Agreement, you agree to be bound by all of the Plan’s terms and
conditions as if they had been set out verbatim in this Award Agreement. In
addition, you recognize and agree that all determinations, interpretations, or
other actions respecting the Plan and this Award Agreement shall be made by the
Board of Directors (the “Board”) of Greene County Bancshares, Inc. (the “Company”)
or any Committee appointed by the Board to administer the Plan, and shall be
final, conclusive and binding on all parties, including you and your successors
in interest. Capitalized terms are defined in the Plan or in this Award
Agreement.

 

1.             Variable Terms. 
This SAR shall have, and be interpreted according to, the following terms,
subject to the provisions of the Plan in all instances:

 

	
  Name of
  Participant:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Number of Shares
  Subject to SAR

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Grant Price per
  Share:

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Grant Date:

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

	
  Expiration Date:

  	
   

  	
   ̈

  	
   

  	
    5   years after Grant Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   ̈

  	
   

  	
  10 years after Grant Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Vesting
  Schedule: (Establishes the Participant’s
  rights to exercise this SAR with respect to the Number of Shares stated
  above.)

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   ̈

  	
   

  	
        % on Grant Date

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   ̈

  	
   

  	
    20 % on each of the first   5  annual anniversary dates of the
  Participant’s Continuous Service after the Grant Date.

  	
   

  	
   

  
											

 

 

 

	
  Stock Appreciation Right Award Agreement

  	
   

  	
   

  

Greene
County Bancshares, Inc.

2004
Long-Term Incentive Plan

Page 2

 

 

2.             Term of SAR. 
The SAR shall expire at 5:00 p.m. (E.D.T. or E.S.T., as applicable)
on the Expiration Date.

 

3.             Manner of Exercise. 
The SAR is being granted in connection with a non-qualified stock option
award granted to the Participant on the same date as this Award Agreement and
may only be exercised at the same time and for the same number of shares as
such option is then being exercised.  The
SAR shall be exercised in the manner set forth in the Plan and as determined by
the Committee.

 

4.             Payment Upon Exercise. 
Upon exercise of this SAR, the Company shall pay to you an amount in
cash equal to the product of (i) the number of shares with respect to
which you are then exercising this SAR and (ii) the difference between (x) the
last sales price of the Company’s common stock on the Nasdaq Global Select
Market, or such other exchange as the Company’s common stock may then trade and
(y) the grant price of the SAR.

 

5.             Termination of Continuous Service.

 

 5.1          If your Continuous Service with the
Company is terminated for any reason other than a Change in Control  the SAR shall become immediately forfeited.

 

6.             Occurrence of a Change in Control. 
In the event of a Change in Control, your SAR shall fully vest and
become fully exercisable, subject to the limitations of Section 3 hereof,
as to the Shares then subject to the SAR. This shall occur immediately prior to
the effective date of the transaction giving rise to the Change in Control.

 

7.             Notices. 
Any notice or communication required or permitted by any provision of
this Award Agreement to be given to you shall be in writing and shall be
delivered personally or sent by certified mail, return receipt requested,
addressed to you at the last address that the Company had for you on its
records. Each party may, from time to time, by notice to the other party
hereto, specify a new address for delivery of notices relating to this Award
Agreement. Any such notice shall be deemed to be given as of the date such
notice is personally delivered or properly mailed.

 

8.             Binding Effect. 
Except as otherwise provided in this Award Agreement or in the Plan,
every covenant, term, and provision of this Award Agreement shall be binding
upon and inure to the benefit of the parties hereto and their respective heirs,
legatees, legal representatives, successors, transferees, and assigns.

 

9.             Modifications. 
This Award Agreement may be modified or amended at any time, provided
that you must consent in writing to any modification that adversely alters or
impairs any rights or obligations under this SAR.

 

10.          Headings.  Section and
other headings contained in this Award Agreement are for reference purposes
only and are not intended to describe, interpret, define or limit the scope or
intent of this Award Agreement or any provision hereof.

 

11.          Severability. 
Every provision of this Award Agreement and of the Plan is intended to
be severable. If any term hereof is illegal or invalid for any reason, such
illegality or invalidity shall not affect the validity or legality of the
remaining terms of this Award Agreement.

 

12.          Governing Law. 
The laws of the State of Tennessee shall govern the validity of this
Award Agreement, the construction of its terms, and the interpretation of the
rights and duties of the parties hereto.

 

13.          Counterparts. 
This Award Agreement may be executed by the parties hereto in separate
counterparts, each of which when so executed and delivered shall be an
original, but all such counterparts shall together constitute one and the same
instrument.

 

14.          Plan Governs. 
By signing this Award Agreement, you acknowledge that you have received
a copy of the Plan and that your Award Agreement is subject to all the
provisions contained in the Plan, the provisions of which are made a part of
this Award Agreement and your Award is subject to all interpretations, amendments,
rules and 

 

 

 

 

Stock Appreciation Right Award Agreement     

Greene County Bancshares, Inc.

2004
Long-Term Incentive Plan

Page 3

 

 

regulations which from
time to time may be promulgated and adopted pursuant to the Plan. In the event
of a conflict between the provisions of this Award Agreement and those of the
Plan, the provisions of the Plan shall control.

 

15.          Restrictions on Transfer. 
This Award Agreement may not be sold, pledged, or otherwise transferred

 

16.          Taxes.  By signing
this Award Agreement, you acknowledge that you shall be solely responsible for
the satisfaction of any taxes that may arise (including taxes arising under
Sections 409A or 4999 of the Code), and that neither the Company nor the
Administrator shall have any obligation whatsoever to pay such taxes.

 

(Next
Page is Signature Page)

 

 

Stock Appreciation Right Award Agreement     

Greene County Bancshares, Inc.

2004
Long-Term Incentive Plan

Page 4

 

 

            BY YOUR SIGNATURE BELOW on the Grant Date identified
above, along with the signature of the Company’s representative, you and the
Company agree that this SAR is awarded under and governed by the terms and
conditions of this Award Agreement and the Plan.

 

	
  GREEN BANKSHARES, INC.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
  Name:

  	
   

  	
   

  
	
  Title:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  PARTICIPANT

  	
   

  
	
   

  	
   

  	
   

  
	
  The undersigned
  Participant hereby accepts the terms of this Award Agreement and the Plan.

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Name of Participant:

  	
   

  	
   

  
				

 

 

 

GREENE COUNTY BANCSHARES, INC.

2004 LONG-TERM INCENTIVE PLAN

 

Exhibit A

 

Plan
Document

 

 

 

 

 

GREENE COUNTY BANCSHARES, INC.

2004 LONG-TERM INCENTIVE PLAN

 

Exhibit B

 

Plan
ProspectusExhibit
10.1

 

INDEMNIFICATION
AND HOLD HARMLESS AGREEMENT

 

THIS INDEMNIFICATION AND HOLD HARMLESS AGREEMENT (this
“Agreement”)
is made as of
                                    ,
by and between Whole Foods Market, Inc., a Texas corporation (the  “Company”), and
                                                                  
(“Indemnitee”).

 

WHEREAS, in order to incentivize Indemnitee to serve,
or to continue to serve, as a director, officer or agent of the Company, one of
its subsidiaries, affiliates or regions (in any such case, the “Service”),
the Company has agreed to indemnify Indemnitee as set forth below;

 

NOW, THEREFORE, in consideration of the foregoing and
certain other good and valuable consideration, the receipt of which is hereby
acknowledged, the parties, intending to be legally bound, hereby agree as
follows:

 

1.             Indemnification.  Effective as of the original date of
Indemnitee’s beginning Service, the Company shall indemnify Indemnitee and hold
Indemnitee harmless if the Indemnitee 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, arbitrative or investigative, and in
any appeal in such action, suit or proceeding, and in any inquiry or investigation
that could lead to such an action, suit or proceeding, against any and all
liabilities, obligations (whether known or unknown, or due or to become due or
otherwise), judgments, fines, fees, penalties, interest obligations,
deficiencies, other actual losses (for example, verifiable lost income related
to time spent defending such claim or action) and reasonable expenses
(including, without limitation amounts paid in settlement, interest, court
costs, costs of investigators, reasonable fees and expenses of attorneys,
accountants, financial advisors and other experts) incurred or suffered by
Indemnitee in connection with such action, suit or proceeding arising out of or
pertaining to any actual or alleged action or omission which arises out of or relates
to the fact that Indemnitee is or was serving as a director or officer of the
Company or at the request of the Company as a director, officer, trustee,
employee, or agent of or in any other capacity for another corporation,
partnership, joint venture, trust or other enterprise (including any region of
the Company), to the fullest extent permitted by applicable law and the Company’s
Articles of Incorporation and Bylaws, each as amended (but in the case of any
such amendment, only to the extent that such amendment permits the Company to
provide the same or broader indemnification rights than permitted prior
thereto) (each such liability, obligation, judgment, fine, fee, penalty,
interest obligation, deficiency, other actual losses, and reasonable expenses
being referred to herein as a “Loss,”
and collectively, as “Losses”).  Any Loss incurred by Indemnitee shall be paid
by the Company on a regular monthly basis. 
This indemnity applies even if the
Indemnitee caused the Loss through his or her negligence, strict liability or
other fault; however, if any Losses for which Indemnitee received payment from
the Company under this Agreement are determined by final judicial decision from
which there is no further right to appeal, to have been caused by Indemnitee under
circumstances with respect to which indemnification is not permitted by
applicable law or this Agreement (any such Loss, a “Non-Indemnification Loss”),
Indemnitee shall repay to the Company such Losses paid on behalf of Indemnitee 

 

1

 

hereunder. 
The indemnification rights provided hereby to Indemnitee shall continue
even though he or she may have ceased to be a director, officer, trustee,
employee, or agent of or in any other capacity for the applicable entity.

 

2.             Notice
and Coverage Prior to Notice. 
Indemnitee shall give notice (the “Notice”)
to the Company within five days after actual receipt of service or summons
related to any action begun in respect of which indemnity may be sought
hereunder or actual notice of assertion of a claim with respect to which he
seeks indemnification; provided, however, that the Indemnitee’s failure to give
such notice to the Company within such time shall not relieve the Company from
any of its obligations under Section 1 of this Agreement except to the
extent the Company has been materially prejudiced by Indemnitee’s failure to
give such notice within such time period. 
Upon receipt of the Notice, the Company shall assume the defense of such
action, whereupon the Indemnitee shall not be liable for any reasonable fees or
expenses of counsel for Indemnitee or any other Losses incurred thereafter with
respect to the matters set forth in the Notice and the Company shall reimburse
the Indemnitee for all reasonable expenses related to the action or claim
incurred by the Indemnitee prior to the Indemnitee’s giving of the Notice.

 

3.             Non-Exclusivity.  The rights of Indemnitee hereunder shall be
in addition to any rights that Indemnitee may have under the Company’s
governance documents (e.g. Articles of Incorporation, By-laws, Articles of
Organization, Regulations, etc.), applicable law or otherwise and shall survive
any termination, resignation, death or other dismissal of Indemnitee.

 

4.             Insurance.  To the extent the Company maintains, at its
expense, an insurance policy or policies providing liability insurance with
respect to the acts or omissions covered by this Agreement, Indemnitee shall be
covered by such policy or policies, in accordance with its or their terms, to
the maximum extent of the coverage available there under.

 

5.             Payment.  The Company shall not be liable to Indemnitee
under this Agreement to make any payment in connection with any claim against
Indemnitee to the extent the Indemnitee has otherwise actually received, and is
entitled to retain, payment (under any insurance policy or otherwise) of the
amounts otherwise indemnifiable hereunder.

 

6.             Enforceability.  The indemnification contained in this
Agreement shall be binding upon and inure to the benefit of and be enforceable
by the parties hereto and their respective successors, assigns (including any
direct or indirect successor by purchase, merger, consolidation, liquidation or
otherwise to all or substantially all of the business and/or assets of the
Company), spouses, heirs and personal and legal representatives.

 

7.             Binding
Obligation.  If this Agreement or any
portion hereof shall be found to be invalid on any ground by any court of
competent jurisdiction, then the Company shall nevertheless indemnify and hold
harmless Indemnitee, as to costs, charges and expenses (including court costs
and attorneys’ fees), judgments, fines, penalties and amounts paid in
settlement with respect to any action, suit or proceeding, whether civil,
criminal, 

 

2

 

administrative,
arbitrative or investigative, and in any appeal in such action, suit or
proceeding, and in any inquiry or investigation that could lead to such an
action, suit or proceeding, to the full extent permitted by any applicable
portion of this Agreement that shall not have been invalidated and to the
fullest extent permitted by applicable law.

 

8.             Governing
Law; Venue.  This Agreement shall be
construed in accordance with and governed by the laws of the State of Texas,
without regard to the principles of conflicts of laws.  The parties agree that any litigation
directly or indirectly relating to this Agreement must be brought before and
determined by a court of competent jurisdiction within Travis County, Texas,
and the parties hereby agree to waive any rights to object to, and hereby agree
to submit to, the jurisdiction of such courts.

 

9.             Right
to Sue; Attorneys’ Fees and Costs. 
If a claim by Indemnitee for payment of Losses hereunder is not paid in
full by the Company within forty-five (45) days after a written claim has been
delivered to the Company, Indemnitee may at any time thereafter bring suit
against the Company to recover the unpaid amount of the claim.  If
successful in whole or in part in any such suit, Indemnitee shall be entitled
to be paid also the reasonable costs and expenses of prosecuting such
suit.  In any suit brought by Indemnitee to enforce any right hereunder
(including, without limitation, the right to indemnification), the burden of proving
that Indemnitee is not entitled to such right shall be borne by the
Company.  If a claim by the Company for
repayment of any Non-Indemnification Losses previously paid on behalf of
Indemnitee hereunder is not repaid in full to the Company within forty-five
(45) days after such ruling has been delivered to Indemnitee, the Company may
at any time thereafter bring suit against the Indemnitee to recover the unpaid
amount.

 

10.           Successors
and Assigns.  This Agreement shall be
binding upon and shall inure to the benefit of the heirs, successors and
assigns of each party to this Agreement.

 

11.           Amendment.  This Agreement may be amended, modified or
supplemented only by a written instrument executed by each of the parties
hereto.

 

12.           Facsimile
and Counterpart Signature.  This
Agreement may be executed by facsimile signature and in one or more
counterparts, each of which shall for all purposes be deemed an original and
all of which shall constitute the same instrument, but only one of which need
be produced.

 

[Signature
Page Follows]

 

3

 

                IN WITNESS WHEREOF, the undersigned have executed
this Agreement as of the date first above written.

 

	
   

  	
  Company:

  
	
   

  	
   

  
	
   

  	
  Whole Foods Market, Inc.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
  Name:

  	
   

  
	
   

  	
  Title:

  	
   

  
	
   

  	
   

  
	
   

  	
  Indemnitee:

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  Name:

  	
   

  

 

4

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