Document:

Summary of Fiscal 2015/2016/2017 Annual Incentive Bonus Programs

 Exhibit 10.11 

FISCAL 2015/2016/2017 ANNUAL INCENTIVE BONUS PLAN SUMMARY 

The Company’s named executive officers are: Ralph T. Finkenbrink, President and Chief Executive Officer; Kevin D. Bates, Senior Vice
President of Branch Operations; and Katie L. MacGillivary, Vice President of Finance, Chief Financial Officer and Corporate Secretary. The Company establishes annual incentive bonus programs for its named executive officers. The annual incentive
bonus programs for the fiscal year ending March 31, 2017 (“Fiscal 2017”) have not been established as of the date of filing of the Annual Report on Form 10-K for the fiscal year ended March 31, 2016, but they are expected to be
in place by the time of filing the Proxy Statement and Information Statement relating to the 2016 Annual General Meeting of Shareholders. Set forth below is a summary of the principal terms of such annual incentive bonus programs for the fiscal year
ended March 31, 2015 (“Fiscal 2015”) and the fiscal year ended March 31, 2016 (“Fiscal 2016”): 
 Fiscal 2015

 Discretionary Cash Bonuses. In addition to his or her annual base salary, each of
Mr. Finkenbrink, Mr. Bates and Ms. MacGillivary was entitled to receive cash bonuses for Fiscal 2015 at the discretion of the Compensation Committee of the Company’s Board of Directors. The Compensation Committee awarded cash
bonuses for Fiscal 2015 of $35,000, $25,000 and $15,000 to Mr. Finkenbrink, Mr. Bates and Ms. MacGillivary, respectively. In determining such bonuses, the Compensation Committee considered various factors it deemed appropriate, such
as (without limitation) profitability, portfolio growth, branch expansion, and competitive circumstances. The Compensation Committee granted Mr. Finkenbrink a $25,000 cash bonus upon his becoming President and Chief Executive Officer of the
Company. 
 Equity Awards. The Company’s current Named Executive Officers received the following
equity awards under the Equity Plan as part of the Fiscal 2015 incentive bonus program: 
  

					
	 Executive Officer
	  	 Restricted Stock*
	  	 Non-Qualified Stock Options**

	 Ralph T. Finkenbrink
	  	20,000	  	40,000
	 Kevin D. Bates
	  	12,000	  	25,000
	 Katie L. MacGillivary
	  	8,000	  	15,000

  

	*	These awards were granted effective June 13, 2014 will vest on March 31, 2017. 

  

	**	These awards were granted effective June 13, 2014, will vest in five equal installments commencing as of the first anniversary of the date of grant, and expire on June 13, 2024. 

Fiscal 2016 
 Discretionary
Cash Bonuses. In addition to his or her annual base salary, each of Mr. Finkenbrink, Mr. Bates and Ms. MacGillivary was entitled to receive cash bonuses for Fiscal 2016 at the discretion of the
Compensation Committee of the Company’s Board of Directors. 
 The Compensation Committee awarded cash bonuses for Fiscal 2016 of $32,500, $25,000 and
$17,500 to Mr. Finkenbrink, Mr. Bates and Ms. MacGillivary, respectively. In determining such bonuses, the Compensation Committee considered various factors it deemed appropriate, such as (without limitation) profitability, portfolio
growth, branch expansion, and competitive circumstances.Form of Nicholas Financial, Inc. 2015 Omnibus Incentive Plan Stock Option Award

 EXHIBIT 10.13 

NICHOLAS FINANCIAL, INC. 

2015 OMNIBUS INCENTIVE PLAN 

STOCK OPTION AWARD 
 [Name] 

[Address] 
 Dear
                            : 

You have been granted an option (the “Option”) to purchase shares of common stock of Nicholas Financial, Inc. (the “Company”) under the
Nicholas Financial, Inc. 2015 Omnibus Incentive Plan (the “Plan”) with the following terms and conditions: 
  

			
	 Grant Date:
	  	                , 20    
		
	 Type of Option:
	  	[Nonqualified or Incentive Stock Option]
		
	 Number of Option Shares:
	  	  

		
	 Exercise Price per Share:
	  	U.S. $                          
		
	 Termination Date:
	  	 Earlier to occur of:
  

•    Close of business at the Company headquarters on the tenth (10th) anniversary of the Grant Date, and
  

•    Thirty (30) days after your termination of employment or service.

 
 Your entire Option (whether vested or nonvested) is terminated immediately if your
employment or service is terminated for Cause. In addition, if you have submitted a notice of exercise that has not yet been processed and you are terminated for Cause, your notice of exercise will be rescinded and your exercise price will be
returned to you.

		
	 Vesting:
	  	
                         percent
(        %) of your Option will vest on each of the first                  anniversaries of the Grant Date.

 
 If your employment or service terminates prior to the date your Option is fully vested as
a result of death, Disability or Retirement, your Option will become fully vested on the date of such termination.
  

Upon any other termination of employment from, or cessation of services to, the Company and its Affiliates, the unvested portion of your Option will
terminate.

			
		
	 Manner of Exercise:
	  	 You may exercise this Option only to the extent vested and only if the Option has not terminated. To exercise this Option, you must
complete the “Notice of Stock Option Exercise” form provided by the Company and return it to the address indicated on the form. The form will be effective when it is received by the Company. However, the Shares you are electing to purchase
will not be delivered until the total exercise price and all applicable withholding taxes have been paid as provided in the Plan.
  

If someone else wants to exercise this Option after your death, that person must contact the Company and prove to the Company’s satisfaction that he or
she is entitled to do so.
  
 Your ability to exercise the Option may be restricted by
the Company if required by applicable law.

		
	 Change of Control:
	  	Upon a Change of Control, this Option will be treated as set forth in the Plan.
		
	 Restrictions on Resale:
	  	By accepting this Option, you agree not to sell any Shares acquired under this Option at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale.
		
	 Notice of Sale:
	  	If this Option is designated as an incentive stock option, you must promptly report to the Secretary of the Company any disposition of the Shares acquired under this Option that is made within two (2) years from the Grant Date or
within twelve (12) months from the date you acquired the Shares (the “Notice Period”). In addition, the Company may, at any time during the Notice Period, place a legend or legends on any certificate(s) for the Shares, or enter an
appropriate stop transfer order if the Shares are in book entry form, requesting the Company’s transfer agent to notify the Company of any transfer of the Shares.
		
	 Recoupment:
	  	This Option is subject to any recoupment or clawback policy that is adopted by, or any recoupment or similar requirement otherwise made applicable by law, regulation or listing standards to, the Company from time to
time.
		
	 Miscellaneous:
	  	 •    This Stock Option Award may be amended only by written consent
signed by you and the Company, unless the amendment is not to your detriment or the amendment is otherwise permitted without your consent by the Plan.
  

•    The failure of the Company to enforce any provision of this Stock Option Award at any
time shall in no way constitute a waiver of such provision or of any other provision hereof.

			
		
		  	 •    In the event any provision of this Stock Option Award is held
illegal or invalid for any reason, such illegality or invalidity shall not affect the legality or validity of the remaining provisions of this Stock Option Award, and this Stock Option Award shall be construed and enforced as if the illegal or
invalid provision had not been included in this Option.
  

•    As a condition of the granting of this Option, you agree, for yourself and your legal
representatives or guardians, that this Stock Option Award shall be interpreted by the Administrator and that any interpretation by the Administrator of the terms of this Stock Option Award and any determination made by the Administrator pursuant to
this Stock Option Award shall be final, binding and conclusive.
  

•    This Stock Option Award may be executed in counterparts.

 This Option is granted under and governed by the terms and conditions of the Plan. Additional provisions regarding your Option
and definitions of capitalized terms used and not defined in this Option can be found in the Plan. 
 BY SIGNING BELOW AND ACCEPTING THIS
STOCK OPTION AWARD, YOU AGREE 
 TO ALL OF THE TERMS AND CONDITIONS DESCRIBED HEREIN AND IN THE PLAN. 

YOU ALSO ACKNOWLEDGE RECEIPT OF THE PLAN AND THE 

PROSPECTUS DESCRIBING THE PLAN. 
  

					
	NICHOLAS FINANCIAL, INC.	 		 	
			
	By:
                                         
                                         
  	 		 	   

	Name:	 		 	Recipient
	Title:Form of Nicholas Financial, Inc. 2015 Omnibus Incentive Plan Restricted Stock

 EXHIBIT 10.14 

NICHOLAS FINANCIAL, INC. 

2015 OMNIBUS INCENTIVE PLAN 

RESTRICTED STOCK AWARD 
 [Name] 

[Address] 
 Dear
                            : 

You have been granted a Restricted Stock Award for shares of common stock of Nicholas Financial, Inc. (the “Company”) under the Nicholas Financial,
Inc. 2015 Omnibus Incentive Plan (the “Plan”) with the following terms and conditions: 
  

			
	 Grant Date:
	  	                , 20    
		
	 Number of Restricted

Shares:
	  	                 Shares
		
	 Vesting Schedule:
	  	
                         percent
(        %) of your Restricted Shares will vest on each of the first          anniversaries of the Grant Date.

 
 If your employment or service terminates prior to the date your Restricted Shares are
vested as a result of death or Disability, or if the Company terminates your employment for other than Cause, your Restricted Shares will become fully vested on the date of such termination. In addition, upon a Change of Control, all of your
Restricted Shares will become fully vested.
  
 Upon any other termination of employment
or service, you will forfeit the Restricted Shares that have not yet vested.

		
	 [Issuance by Certificate

or Book Entry]

[Escrow]:
	  	 [Issuance:] The Company will issue certificate(s) or make an appropriate book entry in your name evidencing your Restricted Shares
as soon as practicable following your execution of this Restricted Stock Award.
  
 If
the Restricted Shares are issued in certificated form, in addition to any other legends placed on the certificate(s), such certificate(s) will bear the following legend:
  

“The sale or other transfer of the Shares represented by this certificate, whether voluntary or by operation of law, is subject to restrictions set forth
in a Restricted Stock Award agreement, dated as of
                                    , by and between Nicholas
Financial, Inc. and the registered owner hereof. A copy of such agreement may be obtained from the Secretary of Nicholas Financial, Inc.”
  

If the Restricted Shares are issued in book-entry form, they will be subject to an appropriate stop-transfer order.

 
 Upon the vesting of the Restricted Shares, you will be entitled to a new certificate for
the Shares that have vested, without the foregoing legend, or to have such stop-transfer order removed, as applicable, upon request to the Secretary of the Company.

			
		
		  	[Escrow:] Your Restricted Shares will be held in escrow by the Company, as escrow agent. The Company will give you a receipt for the Shares held in escrow that will state that the Company holds such Shares in escrow for
your account, subject to the terms of this Restricted Stock Award, and you will give the Company a stock power for such Shares duly endorsed in blank which will be used in the event such Shares are forfeited in whole or in part. As soon as
practicable after the vesting date, the Restricted Shares will cease to be held in escrow, and the vested Shares will be issued in certificated or book entry form to you or, in the case of your death, to your estate.
		
	 Transferability of

Restricted Shares:
	  	You may not sell, transfer or otherwise alienate or hypothecate any of your Restricted Shares until they are vested. In addition, by accepting this Restricted Stock Award, you agree not to sell any Shares acquired under this
Restricted Stock Award at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale.
		
	 Voting and Dividends:
	  	While the Restricted Shares are subject to forfeiture, you may exercise full voting rights and will receive all dividends and other distributions paid with respect to the Restricted Shares, in each case so long as the applicable
record date occurs before you forfeit such Shares. If, however, any such dividends or distributions are paid in Shares, such Shares will be subject to the same risk of forfeiture, restrictions on transferability and other terms of this Restricted
Stock Award as are the Restricted Shares with respect to which they were paid.
		
	 Tax Withholding:
	  	To the extent that the receipt of the Restricted Shares or the vesting of the Restricted Shares results in income to you for Federal, state or local income tax purposes, or the Company is otherwise obligated to withhold amounts
in connection with the Restricted Shares, you shall deliver to the Company at the time the Company is obligated to withhold taxes in connection with such

			
		
		  	receipt or vesting, as the case may be, such amount as the Company requires to meet its withholding obligation under applicable tax laws or regulations, and if you fail to do so, the Company has the right and authority to deduct
or withhold from other compensation payable to you an amount sufficient to satisfy its withholding obligations. If you do not make an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, in connection with this Restricted
Stock Award, you may satisfy the withholding requirement, in whole or in part, [if escrow: by electing to have the Company withhold for its own account that number of Restricted Shares otherwise deliverable to you from escrow hereunder on the
date the tax is to be determined] [if issue: by electing to deliver to the Company that number of Restricted Shares (that would otherwise be vested on the date the tax is determined)] having an aggregate Fair Market Value on the date the tax is
to be determined equal to the minimum statutory total tax that the Company must withhold in connection with the vesting of such Shares. Your election must be irrevocable, in writing, and submitted to the Secretary of the Company before the
applicable vesting date. The Fair Market Value of any fractional Share not used to satisfy the withholding obligation (as determined on the date the tax is determined) will be paid to you in cash.
		
	 Miscellaneous:
	  	 •    This Restricted Stock Award may be amended only by written consent
signed by you and the Company, unless the amendment is not to your detriment or the amendment is otherwise permitted without your consent by the Plan.
  

•    The failure of the Company to enforce any provision of this Restricted Stock Award at
any time shall in no way constitute a waiver of such provision or of any other provision hereof.
  

•    In the event any provision of this Restricted Stock Award is held illegal or invalid for
any reason, such illegality or invalidity shall not affect the legality or validity of the remaining provisions of this Restricted Stock Award, and this Restricted Stock Award shall be construed and enforced as if the illegal or invalid provision
had not been included in this Restricted Stock Award.
  

•    As a condition of the granting of this Restricted Stock Award, you agree, for yourself
and your legal representatives or guardians, that this Restricted Stock Award shall be interpreted by the Administrator and that any interpretation by the Administrator of the terms of this Restricted Stock Award and any determination made by the
Administrator pursuant to this Restricted Stock Award shall be final, binding and conclusive.
  

•    This Restricted Stock Award may be executed in counterparts.

 This Restricted Stock Award is granted under and governed by the terms and conditions of the Plan. Additional
provisions regarding your Restricted Stock Award and definitions of capitalized terms used and not defined in this Restricted Stock Award can be found in the Plan. 

BY SIGNING BELOW AND ACCEPTING THIS RESTRICTED STOCK AWARD, YOU 

AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED HEREIN AND IN THE 

PLAN. YOU ALSO ACKNOWLEDGE RECEIPT OF THE PLAN AND THE 

PROSPECTUS DESCRIBING THE PLAN. 
  

 

					
	NICHOLAS FINANCIAL, INC.	 		 	
			
	By:
                                         
                                         
  	 		 	   

	Name:	 		 	Recipient
	Title:

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