Document:

EX-10.49

 Exhibit 10.49 

FRANKLIN FINANCIAL NETWORK, INC. 

2007 OMNIBUS EQUITY INCENTIVE PLAN 

AWARD AGREEMENT FOR NON-QUALIFIED STOCK OPTIONS 

THIS NON-QUALIFIED STOCK OPTION AGREEMENT (this “Agreement”) is made as of the      day of
            , 2013 (the “Date of Grant”), by and between Franklin Financial Network, Inc., a Tennessee corporation (“Corporation”) and
                     ( the “Participant”) pursuant to the Franklin Financial Network, Inc. 2007 Omnibus Equity Incentive Plan (the
“Plan”) 
 WHEREAS, Corporation has adopted its 2007 Omnibus Equity Incentive Plan (the “Plan”); and 

WHEREAS, the committee chosen by Corporation to administer the Plan (the “Committee”) has determined that Participant is eligible to
receive an option to purchase shares of common stock of Corporation (“Stock”) under a non-qualified stock option and has determined that it is in the best interest of Corporation to grant the stock option documented herein to Participant.

 NOW, THEREFORE, in consideration of the foregoing, of the mutual promises hereinafter set forth and of other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: 
 1. Grant
of Option. Corporation hereby grants to Participant the right to purchase                     
(                ) shares of Stock (the “Option Shares”) at a price of thirteen dollars ($13.00) per Option Share (the “Option Price”), in accordance
with the terms of this Agreement and the Plan (the “Option”). The Committee, exercising good faith, has determined that the Option Price is equal to at least one hundred percent (100%) of the fair market value of a share of Stock on
the Date of Grant. The Option is not intended by the parties hereto to be, and shall not be treated as, an incentive stock option (as such term is defined under section 422 of the Internal Revenue Code of 1986 (the “Code”)). 

2. Termination of Option. 
 (a)
Termination Date. The Option and all rights hereunder with respect thereto, to the extent such rights shall not have been previously exercised or otherwise terminated, shall terminate and become null and void on
            , 2023 at 5:00 P.M. (the “Termination Date”). 
 (b)
Termination of Participant’s Service to Corporation. The termination of Participant’s service as an employee, director or advisory director of Corporation or other service to the Corporation shall have no effect on the Option,
provided, however, notwithstanding any other provisions set forth herein or in the Plan, if Participant shall commit any act of malfeasance 

 
or wrongdoing affecting Corporation or any affiliated corporation as determined by the Committee in its sole discretion, any unexercised portion of the Option shall immediately terminate and
become void. 
 (c) Death, Disability or Retirement. Upon Participant’s death the Option shall become fully vested and may be
exercised, to the extent not previously exercised, by Participant’s estate or any distributee of the Option under Participant’s will or the applicable laws of descent and distribution until the earlier of the Termination Date or five years
from date of death. Upon Participant’s Disability (as defined in the Plan) or Retirement (defined below), the Option shall become fully vested and may be exercised, to the extent not previously exercised until the earlier of the Termination
Date or the date occurring one year from the date of termination of Participant’s employment. For a Participant who is a director of the Corporation, upon his or her departure from the Board of Directors of the Corporation, the Option shall
become fully vested and may be exercised, to the extent not previously exercised, until the earlier of the Termination Date or the date occurring one year from the date of the Participant’s departure from the Board of Directors. For purposes of
this Agreement, “Retirement” is defined as the Participant’s attainment of age 68, or the Participant’s age plus the Participant’s “years of service” as defined under the retirement plan covering the Participant
with the Corporation or any Subsidiary of the Corporation equal to 68. 
 3. Installment Exercise. Subject to such further
limitations as are provided herein, the Option shall become vested and exercisable in five (5) installments, Participant having the right hereunder to purchase from Corporation the following number of Option Shares upon exercise of the Option,
on and after the following dates, in cumulative fashion: 
 (a) on and after the first anniversary of the Date of Grant, up to twenty
percent (20%) (ignoring fractional shares) of the total number of Option Shares; 
 (b) on and after the second anniversary of the Date
of Grant, up to an additional twenty percent (20%) (ignoring fractional shares) of the total number of Option Shares; and 
 (c) on and
after the third anniversary of the Date of Grant, up to an additional twenty percent (20%) (ignoring fractional shares) of the total number of Option Shares; and 

(d) on and after the fourth anniversary of the Date of Grant, up to an additional twenty percent (20%) (ignoring fractional shares) of
the total number of Option Shares; and 
 (e) on and after the fifth anniversary of the Date of Grant, the remaining Option Shares. 

4. Exercise of Option. The Option, or any portion of the Option eligible to be exercised by the Participant and not previously
exercised, may be exercised at any time or times prior to the termination of the Option pursuant to the provisions hereof. The Option may be exercised only if compliance with all Federal and state securities laws can be effected and only by
(i) Participant’s completion, execution and delivery to Corporation of a notice of exercise and “investment letter” in the form attached hereto as Exhibit A, and (ii) Participant’s payment to

  
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Corporation of an amount equal to the sum of the amount obtained by multiplying the Option Price by the number of Option Shares being purchased plus any withholding tax required by law as
determined by Corporation. Payment shall be made by check payable to Corporation or such other medium of payment as the Committee shall approve. Upon the exercise of the Option by Participant, or as soon thereafter as is practicable, Corporation
shall issue and deliver to Participant a certificate or certificates evidencing such number of Option Shares as Participant has so elected to purchase. Such certificate or certificates shall be registered in the name of Participant and shall bear
any legend required by any Federal or state securities law or agreement as Corporation shall determine. 
 5. Transferability of
Option. The Option may not be transferred, assigned, pledged or hypothecated (whether by operation of law or otherwise), except that the Option may be transferred upon the death of Participant as provided by Participant’s Will or the
applicable laws of descent and distribution. The Option shall not be subject to execution, attachment or similar process. Any attempted assignment, transfer, pledge, hypothecation or other disposition of the Option, or levy of attachment or similar
process upon the Option not specifically permitted herein shall be null and void and without effect. Any permitted transferee will be entitled to all of the rights of Participant with respect to the assigned portion of the Option, and such portion
of the Option will continue to be subject to all of the then existing terms, conditions and restrictions applicable to the Option, as set forth herein and in the Plan. 

6. Adjustments. In the event of the declaration of any stock dividend on the Stock or in the event of any reorganization, merger,
consolidation, acquisition, separation, recapitalization, split-up, combination or exchange of shares of Stock, or like adjustment, the number of shares of Stock and the class of shares of Stock available pursuant to the Option, and the Option
Price, shall be adjusted proportionately as determined by the Committee, whose determination shall be conclusive. Notwithstanding the foregoing, in the event of such a reorganization, merger, consolidation, acquisition, separation, recapitalization,
split-up, combination or exchange of shares of stock, or like adjustment which results in substantially all the shares of the Stock of Corporation being exchanged for, or converted into cash or other property, the Committee or Corporation shall have
the right to terminate the Option as of the date of the exchange or conversion in which case the Option shall convert into the right to receive such cash or property net of the Option Price of the Options. 

7. Termination, Suspension or Amendment of Option. The Committee or Corporation may, at any time, terminate, suspend or amend the Plan
or this Agreement. 
 8. Registration of Underlying Securities. Notwithstanding the foregoing, if the Company determines that
issuance of Shares should be delayed pending registration under federal or state securities laws, the receipt of an opinion of counsel satisfactory to the Company that an appropriate exemption from such registration is available, the listing or
inclusion of the Shares on any securities exchange or an automated quotation system, or the consent or approval of any governmental regulatory body whose consent or approval is necessary in connection with the issuance of such Shares, the Company
may defer exercise of any Option granted hereunder until any of the events described in this sentence has occurred. Notwithstanding anything herein to the contrary, the Company shall be under no obligation to issue any Shares to the extent the
Committee determines that such issuance of Shares would be in violation of any applicable state or federal law. 

  
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 9. Participant’s Rights. The granting of the Option shall impose no obligation upon
Participant to exercise such Option. Participant shall have no equity interest in Corporation, nor shall Participant have any voting, dividend, liquidation or dissolution rights with respect to any capital stock of Corporation solely by reason of
having the Option or having executed this Agreement. Upon the issuance and delivery of a certificate for Option Shares after exercise of the Option, Participant shall have the rights of a shareholder with respect to such Option Shares and to receive
all dividends or other distributions paid or made with respect thereto. Nothing in this Agreement or the Plan shall confer upon Participant the right to continue in the employ of Corporation or affect any right which Corporation may have to
terminate such employment at any time. 
 10. Elimination of Fractional Shares. If this Agreement requires a computation of the
number of shares of Stock subject to the Option, and the number so computed is not a whole number of shares of Stock, such number of shares of Stock shall be rounded down to the next whole number. 

11. Shareholders’ Agreement. Participant agrees to execute any Shareholders’ Agreement which all other shareholders of
Corporation are subject prior to delivery of any Stock upon the exercise of the Option. All Stock delivered to Participant pursuant to the exercise of the Option shall be subject to any Shareholders’ Agreement previously entered into by
Participant relating to the Stock. 
 12. Incorporation of Plan by Reference. The Option is granted pursuant to the terms of the
Plan, a copy of which is attached hereto as Exhibit “B” and the terms of which are incorporated herein by reference. The Option shall in all respects be interpreted in accordance with the Plan. The Committee shall interpret and construe
the Plan and this Agreement, and its interpretations and determinations shall be conclusive and binding on the parties hereto and any other person claiming an interest hereunder, with respect to any issue arising hereunder or thereunder. The
provisions of the Plan shall control in the event of any inconsistencies between this Agreement and the Plan. 
 13. Entire
Agreement. This Agreement sets forth all of the promises, agreements, conditions, understandings, warranties and representations between the parties hereto with respect to the Option and the Shares. This Agreement is an integration of any and
all prior agreements or understandings, oral or written, with respect to the Option and the Shares. 
 14. Notices. Any and all
notices provided for herein shall be sufficient if in writing, and sent by hand delivery or by certified or registered mail (return receipt requested and first class postage prepaid), in the case of Corporation, to its principal office, and, in the
case of Participant, to Participant’s address as shown on Corporation’s records. 
 15. Governing Law. This Agreement shall
be construed and enforced in accordance with the laws of the State of Tennessee. 

  
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 16. Modifications. Except as otherwise provided herein, no change or modification of this
Agreement shall be valid unless the same is in writing and signed by the parties hereto. 
 17. Successors. This Agreement shall be
binding on all permitted successors and assigns of Participant including any estate, executors or administrators, trustees, or personal or legal representatives, and, in any such event all references herein to Participant shall, to the extent
applicable, be deemed to refer to and include such estate, executors or administrators, trustees or personal or legal representatives, as the case may be. 

IN WITNESS WHEREOF, Corporation and Participant have executed this Agreement as of the day and year first above written. 

 

			
	FRANKLIN FINANCIAL NETWORK, INC.
		
	By:	 	  

		
	Title:	 	  

	
	PARTICIPANT:
	
	  

	Signature of Participant
	
	  

	Printed Name of Participant

  
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 EXHIBIT A 

NOTICE AND REQUEST OF EXERCISE 

OF OPTION TO PURCHASE 

SHARES OF STOCK 
 OF
FRANKLIN FINANCIAL NETWORK, INC. 
 The undersigned Participant in the 2007 Omnibus Equity Incentive Plan (the “Plan”) of
Franklin Financial Network, Inc., a Tennessee corporation (“Corporation”), does by this notice request that Corporation issue to the undersigned that number of shares of Stock specified below (the “Shares”) at the price per Share
specified below pursuant to the exercise of Participant’s Option under the Plan and the Non-Qualified Stock Option Agreement (the “Agreement”) between the undersigned and Corporation. Simultaneously herewith, the undersigned delivers
to Corporation the purchase price for the Shares [i.e., that amount which is obtained by multiplying the number of the Shares by the price specified], by good check, in accordance with the Agreement. 

The undersigned hereby represents and warrants that the undersigned has read and understands the Plan and the Agreement and the terms and
conditions set forth therein under which the Shares are acquired, shall be held and may be disposed, and hereby ratifies and confirms such terms and conditions. The undersigned hereby represents and warrants that the undersigned is acquiring the
Shares for the undersigned’s own account (and not on behalf of any other persons) and without any present view to making a public offering or distribution of same and without any present intention of selling or otherwise transferring same at
any particular time or at any particular price or upon the occurrence of any particular event or circumstances (except as set forth in the Plan and the Agreement). 

The undersigned acknowledges and understands that in connection with the acquisition of the Shares by the undersigned: 

1. Corporation has informed the undersigned that the Shares are not registered under the Securities Act of 1933, as amended (the
“Act”), or any applicable state Blue Sky law or laws and that the Shares may not be transferred or otherwise disposed of unless the Shares are subsequently registered under the Act and the applicable state Blue Sky law or laws or an
exemption from such registration requirements is made available. 
 2. The undersigned has been informed that a legend referring to the
restrictions indicated herein on transferability and sale will be placed upon the certificate(s) evidencing the Shares, in addition to the legend referred to in the Agreement. 

3. The undersigned has received all information requested or otherwise deemed necessary by the undersigned to make an informed decision as to
the investment in Corporation, and has had the opportunity to ask questions of and receive answers from officers of Corporation. 
 4. The
undersigned acknowledges that the issuance of the Shares is subject to the execution by the undersigned of a Shareholders’ Agreement if required by Corporation. 

 If the undersigned is required to file a Form 144 with the Securities and Exchange Commission in
connection with sales of the Shares pursuant to Rule 144 under the Act, the undersigned will mail a copy of such Form to Corporation at the same time and each time the undersigned mails a copy to the Securities and Exchange Commission. 

 

							
		  		 		 	Very truly yours,
				
	A.	  	Date of Grant of Non-Qualified Stock Option:                     	 		 	  

		  		 		 	Signature
				
	B.	  	Number of Shares covered by Agreement:                     	 		 	  

		  		 		 	Printed Name of Participant
				
	C.	  	Number of Shares of Stock which may be purchased at this time:                     	 		 	RESIDENCE:
	  	 		 	  
  

		  		 		 	Street
				
	D.	  	Number of Shares of Stock to be actually purchased at this time:                     	 		 	  

	  	 		 	 City, State, Zip Code

Dated:            ,         

				
	E.	  	Option Price per Share: $                    	 		 	
				
	F.	  	Aggregate price to be paid for Shares actually purchased (D multiplied by E): $                    	 		 	

  

			
	ACCEPTED:
	
	FRANKLIN FINANCIAL NETWORK, INC.
		
	By:	 	  

		
	Its:	 	  

  
 2EX-10.50

 Exhibit 10.50 

FRANKLIN FINANCIAL NETWORK, INC. 

2007 OMNIBUS EQUITY INCENTIVE PLAN 

AWARD AGREEMENT FOR RESTRICTED STOCK 

THIS AWARD AGREEMENT (the “Agreement’) is made and entered into this      day of
            , 2013 by and between Franklin Financial Network, Inc. (the “Corporation”), and
                     (the “Participant”) pursuant to the Franklin Financial Network, Inc. 2007 Omnibus Equity Incentive Plan (the
“Plan”). Capitalized terms used but not defined herein shall have the same meanings set forth in the Plan. 
 W I
T N E S S E T H: 
 WHEREAS, pursuant to the Plan and subject to the execution of this
Agreement, the Committee has granted, and the Participant desires to receive, an Award. 
 NOW, THEREFORE, for and in consideration of the
premises, the mutual promises and covenants herein contained, and other good and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged, the parties hereto do hereby agree as follows: 

1. AWARD OF RESTRICTED STOCK. On the date specified on Exhibit A attached hereto (the “Date of Award”) and
conditional upon the execution of this Agreement, the Corporation awarded to the Participant an Award (the “Award”) in the form of the number of shares of Restricted Stock (the “Shares”) as is set forth on Exhibit
A from the authorized and unissued or treasury Corporation Stock at and for the purchase price set forth on Exhibit A. 

2. RESTRICTIONS. The Shares as to which the restrictions shall not have lapsed and which are not vested shall be forfeited upon effective
date of the termination of the Participant’s status as an employee of the Corporation; provided, however, that all unvested Shares shall be 100% vested and no longer subject to forfeiture immediately before the effective date of the termination
of the Participant’s status as an employee if such termination is due to (A) the Participant’s death, (B) the Participant’s Disability, (C) the Participant’s Retirement (defined below), or (D) a Change in
Control. The Shares may not be sold, transferred, pledged, assigned or otherwise alienated or hypothecated until such restrictions lapse and the Shares vest. During the period prior to the lapse of such restrictions and the vesting of such Shares,
any stock dividends paid with respect to the Shares shall be subject to the same restrictions and vesting period as the Shares with respect to which they are paid. For purposes of this Agreement, “Retirement” is defined as
Participant’s attainment of age 68, or the Participant’s age plus the Participant’s “years of service” as defined under the retirement plan covering the Participant, with the Corporation or any Subsidiary of the Corporation,
equal to 68. 
 3. CERTIFICATES FOR SHARES OF RESTRICTED STOCK. Certificates respecting the Shares shall be registered in the
Participant’s name. 

 4. SECURITIES LAW RESTRICTIONS. Acceptance of this Agreement shall be deemed to constitute the
Participant’s acknowledgement that the Shares shall be subject to such restrictions and conditions on any resale and on any other disposition as the Corporation shall deem necessary under any applicable laws or regulations or in light of any
stock exchange requirements. 
 5. LEGEND. In order to enforce the restrictions imposed on the Shares, the certificates representing such
Shares shall bear the following legend: 
 THE TRANSFERABILITY OF THE SHARES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO THE TERMS AND
CONDITIONS (INCLUDING FORFEITURE) OF A RESTRICTED STOCK AGREEMENT ENTERED INTO BETWEEN THE REGISTERED OWNER AND CORPORATION. A COPY OF SUCH AGREEMENT IS ON FILE IN THE OFFICES OF THE SECRETARY OF THE CORPORATION, 722 COLUMBIA AVENUE, FRANKLIN, TN
37064. 
 Such legend shall be removed as the restrictions lapse with respect to such Shares and the Shares vest. 

6. MISCELLANEOUS. 
 The Participant’s
rights under this Agreement can be modified, suspended or canceled only in accordance with the terms of the Plan. This Agreement may not be changed orally, but may be changed only by an agreement in writing signed by the party against whom
enforcement of any waiver, change, modification or discharge is sought. 
 The invalidity or unenforceability of any provision hereof shall
in no way affect the validity of enforceability of any other provision of this Agreement. 
 This Agreement shall bind all parties, their
respective heirs, executors, administrators and assigns. Nothing contained herein shall be construed as an authorization or right of any party to assign their respective rights or obligations hereunder and the Participant shall have no right to
assign this Agreement, and any such attempted assignment shall be ineffective. This Agreement shall be binding upon the Corporation and its successors or assigns. 

This Agreement shall be subject to the applicable provisions, definitions, terms and conditions set forth in the Plan, all of which are
incorporated by this reference in this Agreement and the terms of the Plan shall govern in the event of any inconsistency between the Plan and this Agreement. 

This Agreement shall be interpreted and construed according to and governed by the laws of the State of Tennessee. 

[Signatures appear on the following page.] 

  
 –2– 

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

  

			
	FRANKLIN FINANCIAL NETWORK, INC.
		
	By:	 	  

		
	Title:	 	  

	
	PARTICIPANT
	
	  

  
 –3– 

 EXHIBIT A 

TO 
 AWARD AGREEMENT FOR RESTRICTED STOCK between
Franklin Financial Network, Inc. and                     . 
  

	1.	Date of Award: 

  

	2.	Number of Shares of Restricted Stock: 

  

	3.	Fair Market Value of Each Share: 

  

	4.	Vesting Date (20% Vested Annually): 

  
  

							
	Percent Vested	 	 	Amount Vested	 	Date Vested
	 	20	% 	 		 	
	 	20	% 	 		 	
	 	20	% 	 		 	
	 	20	% 	 		 	
	 	20	% 	 		 	

	

  
 A-1

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