Document:

EX-10.7

 Exhibit 10.7 

INVESTORS COMMUNITY BANK MANAGEMENT EMPLOYEES’ 

ELECTIVE DEFERRED COMPENSATION PLAN 

Amended January 2013 
 The
Investors Community Bank Management Employees’ Elective Deferred Bonus Plan (“Deferred Bonus Plan”) was adopted and established by Investors Community Bank, a Wisconsin banking corporation (“Bank”), effective
as of January 18, 2000, and is maintained by the Bank as an unfunded nonqualified deferred compensation plan for the purpose of providing benefits for a select group of management employees as provided herein. The Deferred Bonus Plan was
amended and restated, effective as of January 1, 2004, as the “Investors Community Bank Management Employees’ Elective Deferred Compensation Plan” (“Plan”). The Plan is hereby amended and restated, effective as
of January 1, 2005, to comply with Code Section 409A with respect to amounts deferred or vested under the Plan on or after January 1, 2005. For purposes of this Plan, Internal Revenue Code (“Code”) shall mean the Internal
Revenue Code of 1986, as amended from time to time, together with such regulations and administrative guidance promulgated thereunder. 

ARTICLE I  

ELIGIBILITY AND PARTICIPATION 

1.1 All management employees of the Bank who have been identified as influential within the Bank and selected by the Board of Directors of the
Bank (“Board of Directors”) are eligible to become and remain participants in this Plan. 
 1.2 The individuals described
in Section 1.1 may participate in this Plan by filing a written election with the Compensation Committee of the Board of Directors (“Compensation Committee”) in the form attached hereto, or other form approved by the
Compensation Committee. In the first year in which an individual becomes eligible to participate in this Plan, the newly eligible individual may make an election, within 30 days after the date the person becomes eligible, to defer amounts earned
under the Bank’s management incentive bonus program (“Bonus Amounts”) and amounts earned as base salary, as set forth in Section 4.2 of each such individual’s Employment Agreement with the Bank (“Base Salary
Amounts”), payable subsequent to the election (such deferrals of Bonus Amounts and Base Salary Amounts to be collectively referred to herein as “Deferred Compensation Amounts”). Except as otherwise provided herein, elections to
defer payment of Bonus Amounts and/or Base Salary Amounts must be made before the beginning of the calendar year for which the Bonus Amounts and/or Base Salary Amounts are payable. Amounts payable to an individual electing to participate in this
Plan (“Participant”) under the Investors Community Bank Loan Servicing Bonus Structured Payout Agreement dated December 31, 2003, by and between such Participant and the Bank, shall not be eligible for deferral hereunder. 

1.3 Intentionally blank. Amended December 6, 2005. 

 1.4 For each Participant, the Compensation Committee shall establish and maintain an individual
bookkeeping account (“Deferred Benefit Account”) for the purposes of determining each Participant’s benefits under this Plan (“Deferred Benefits”). The amount of each Participant’s Deferred Compensation
Amounts shall be credited to such Deferred Benefit Account as of the date such Deferred Compensation Amounts otherwise would be payable, and the amount of each Participant’s Match Amount shall be credited to such Deferred Benefit Account as of
December 31 of each year. Deferred Compensation Amounts shall vest immediately at the time such amounts are credited to each Participant’s Deferred Benefit Account. Match Amounts shall vest ratably at a rate of 20% per year on each
anniversary date of the credit of such Match Amount to a Participant’s Deferred Benefit Account. Notwithstanding the foregoing, upon a Participant’s separation from service due to retirement following attainment of age 58, death or
disability, all Match Amounts credited to a Participant’s Deferred Benefit Account shall immediately be 100% vested and nonforfeitable. With respect to amounts deferred and vested under the Plan before January 1, 2005, disability shall be
determined by the Compensation Committee in its sole discretion. With respect to amounts deferred and vested under the Plan on or after January 1, 2005, a Participant shall be deemed to have a disability if the Participant: 

 

	 	(a)	is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that is expected to result in death or to last for a continuous period of at least 12 months;

  

	 	(b)	because of any medically determinable physical or mental impairment that is expected to result in death or to last for a continuous period of at least 12 months, is receiving income replacement benefits for a period of
at least three months under an accident and health plan covering employees of the Company; or 

  

	 	(c)	is determined to be disabled by the Social Security Administration. 

 1.5 The Compensation
Committee may, but is not required to, establish a trust or other investment arrangement (“Investment Arrangement”) in connection with this Plan to provide the Bank with a source of funds to assist it with meeting its liabilities
under this Plan. Any assets held under an Investment Arrangement shall be the exclusive property of the Bank, shall be subject to the claims of the Bank’s general creditors, and shall not be construed to affect the unfunded status of this Plan
for purposes of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) or the Code. Any Participant to whom an amount is credited under this Plan shall be deemed a general, unsecured creditor of the Bank. 

1.6 Any Participant shall have the opportunity to indicate an investment preference for the investment of Deferred Compensation Amounts made
under the terms of this Plan, up to such limits as may be set by the Compensation Committee from time to time in its sole discretion (“Directed Amounts”). Such investment selection shall be made from the investment options as
determined and established by the Compensation Committee from time to time in its sole discretion. A Participant’s investment preference shall be communicated to the Compensation Committee by completion and delivery to the Compensation
Committee of an investment 

  
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preference form. Participants shall indicate their initial investment preferences by filing an investment preference form with the Compensation Committee prior to the date on which the deferrals
commence. Participants shall have an opportunity to change their investment preference at such times and in accordance with such procedures as determined and established by the Compensation Committee in its sole discretion. 

1.7 Any Participant may defer all or any portion of the Bonus Amounts or Base Salary Amounts otherwise payable to such Participant for the
calendar year or fraction thereof beginning after the date of said election, and the amounts so deferred shall be paid only as provided in this Plan. Any Participant may suspend deferrals with respect to Bonus Amounts or Base Salary Amounts
otherwise payable to him or her for calendar years beginning after the date of suspension as the Participant may specify by written notice to the Compensation Committee. If a Participant elects to suspend deferrals, the Participant may make a new
election to again defer Bonus Amounts or Base Salary Amounts under this Plan if the election is made before the beginning of the calendar year for which the Bonus Amounts and/or Base Salary Amounts are payable. The election to defer shall be
irrevocable for the year for which the election is made. 
 ARTICLE II 

DEFERRED BENEFITS 

All Directed Amounts shall be adjusted, at least annually, to reflect the actual gain or loss of the Investment Arrangement with respect to
each Participant, and all other Deferred Benefits credited under this Plan (including Match Amounts and amounts in excess of Directed Amounts) shall be adjusted as often as is necessary to reflect earnings at the Internal Earnings Rate (as
hereinafter defined) until the entire Deferred Benefit Account has been distributed as provided in this Plan. For purposes of this Plan, “Internal Earnings Rate” means an annual rate equal to the Prime Rate (as such Prime Rate is
adjusted from time to time) minus 2.25% (225 basis points) and “Prime Rate” means the Prime Rate of Interest (the highest quoted base rate on corporate loans at large U.S. money center commercial banks) as published in the
“Money Rates” section of the most recent Midwest Edition of The Wall Street Journal, provided that if at any time the Prime Rate of Interest is no longer so published in the Midwest Edition of The Wall Street Journal,
Prime Rate shall mean the interest rate announced as its Prime Rate of Interest by the largest commercial bank headquartered in the State of Wisconsin. 

ARTICLE III 

DISTRIBUTION 
 3.1
On the first day of the month next following a Termination Date (as hereinafter defined), distribution of the vested Deferred Benefits then credited to a Participant’s Deferred Benefit Account in accordance with this Plan shall be made to or
with respect to such Participant in the form of a lump sum and such Participant shall irrevocably forfeit all nonvested Deferred Benefits under this Plan. For all purposes of this Plan, “Termination Date” means the earlier of either
(i) the date on which a Participant’s employment with the Bank and all other related employers (as determined in accordance with Section 414 of the Code) terminates for any 

  
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reason, including death; or (ii) the date on which this Plan is terminated in accordance with Article IV of this Plan. Notwithstanding the foregoing, with respect only to amounts deferred
and vested under the Plan before January 1, 2005, the Compensation Committee, in its sole discretion and without any obligation to do so, may accelerate distribution of Deferred Benefits credited to the Deferred Benefit Account of said
Participant. With respect to amounts deferred or vested on or after January 1, 2005, the Compensation Committee may in no event accelerate the time or form of any payment under the Plan, except as provided by Code Section 409A. 

3.2 If a Participant should die before distribution of the full amount of the Deferred Benefit Account has been made to the Participant, any
remaining amounts shall be distributed in a lump sum to the Participant’s beneficiary. If a Participant has not designated a beneficiary, or if no designated beneficiary is living on the date of distribution, then, notwithstanding any provision
herein to the contrary, such amounts shall be distributed to such Participant’s estate in a lump sum as soon as administratively feasible following the Participant’s death. 

3.3 A Participant or Participant’s beneficiary (or an authorized representative thereof) who desires to make a claim for Deferred
Benefits (“Claimant”) shall file a written request with the Compensation Committee setting forth the basis for the claim. Whenever such a claim has been wholly or partially denied, the Compensation Committee shall furnish the
Claimant with written notice of the denial within sixty (60) days of the claim, setting forth 
 (a) the specific reasons for the
denial; 
 (b) references to Plan provisions on which the denial is based; 

(c) a description of any additional information or material necessary to perfect a claim and an explanation of why such information or
material is necessary; and 
 (d) an explanation of procedures for appeal. 

Within sixty (60) days following receipt, a Claimant may appeal a denial by filing a written request for review with the Compensation Committee. Within
sixty (60) days following such request, the Compensation Committee shall render its final decision in writing to the Claimant stating the specific reasons for such decision. 

3.4 In the event a Participant incurs an unforeseeable emergency, the Participant may make a written request to the Compensation Committee for
a hardship withdrawal of vested Deferred Benefits from his or her Deferred Benefit Account established under this Plan. For amounts deferred and vested under the Plan before January 1, 2005, an unforeseeable emergency is severe financial
hardship to the Participant resulting from a sudden and unexpected illness or accident of the Participant or of a dependent (as defined in Section 152(a) of the Code) of the Participant, loss of the Participant’s property due to casualty,
or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant. Withdrawals of amounts because of an unforeseeable emergency are only permitted to the extent reasonably needed to
satisfy the emergency need. This section shall be interpreted in a manner consistent with Sections 1.457-2(h)(4) and 1.457-2(h)(5) of the United States Treasury Regulations. With respect to amounts deferred or vested under the Plan on or after
January 1, 2005, unforeseeable emergency means a severe financial hardship to the Participant resulting 

  
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from an illness or accident of the Participant, the Participant’s spouse, or the Participant’s dependent (as defined in Code Section 152(a)); loss of the Participant’s
property due to casualty; imminent foreclosure on or eviction from the Participant’s primary residence; the need to pay for medical expenses and the costs of prescription drugs; the need to pay funeral expenses of the Participant’s spouse
or a dependent (as defined in Code Section 152(a)); or other similar extraordinary and unforeseeable circumstance arising as a result of events beyond the Participant’s control 

3.5 Anything herein to the contrary notwithstanding, if, at any time, a court or the Internal Revenue Service determines that an amount in a
Participant’s Deferred Benefit Account is includable in the gross income of the Participant and subject to tax, the Compensation Committee may, in its sole discretion, permit a lump sum distribution of an amount equal to the amount determined
to be includable in the Participant’s gross income. With respect to amounts included in income that relate to amounts deferred or vested on or after January 1, 2005, any such lump sum distribution shall be made in accordance with Code
Section 409A. 
 ARTICLE IV 

AMENDMENT AND TERMINATION OF PLAN 

The Bank reserves the right to amend or terminate this Plan at any time. Any termination shall be effective as of the end of the calendar year
during which notification is given to each Participant. Notwithstanding any provision herein to the contrary, any amounts credited to a Deferred Benefit Account of any Participant shall remain subject to the provisions of this Plan and distribution
will not be accelerated because of the termination of this Plan. No amendment or termination shall directly or indirectly reduce the balance of any amount described in this Plan as of the effective date of such amendment or termination. No
additional credits or contributions will be made to the Deferred Benefit Accounts of the Participants under this Plan after termination of this Plan, except that the Compensation Committee shall continue to adjust the Deferred Benefit Accounts of
the Participants under this Plan in accordance with Article II of this Plan, until all Deferred Benefits are distributed to the Participants or to their beneficiaries. Upon termination of this Plan, distribution of amounts credited to the Deferred
Benefit Accounts of the Participants shall be made to the Participants or their beneficiaries in accordance with Article III of this Plan. 

ARTICLE V 

ADMINISTRATION 
 5.1
The right of a Participant or a Participant’s beneficiary to receive a distribution hereunder shall be an unsecured claim against the general assets of the Bank and neither a Participant nor a Participant’s beneficiary shall have any
rights in or against any amount credited to any Deferred Benefit Accounts under this Plan or any other assets of the Bank. This Plan at all times shall be considered entirely unfunded both for tax purposes under the Code and for purposes of Title I
of ERISA. Any funds invested hereunder shall continue for all purposes to be part of the general assets of the Bank and available to its general creditors in the event of bankruptcy or insolvency. Accounts under this Plan and any Deferred Benefits
which may be 

  
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payable pursuant to this Plan are not subject in any manner to anticipation, sale, alienation, transfer, assignment, pledge, encumbrance, attachment, or garnishment by creditors of a Participant
or a Participant’s beneficiary. This Plan constitutes a mere promise by the Bank to make benefit payments in the future. 
 5.2 This
Plan shall be administered by the Compensation Committee, which shall have the authority, duty and power to interpret, and construe the provisions of this Plan as the Board of Directors deems appropriate. The Compensation Committee shall have the
duty and responsibility of maintaining records, making requisite calculations and disbursing payments hereunder. The interpretations, determinations, regulations and calculations of the Compensation Committee shall be final and binding on all
persons and parties concerned. 
 5.3 Expenses of administration of this Plan shall be paid by the Bank and may be charged against any
assets held under trust or other investment arrangement established pursuant to Section 1.5 of this Plan. The Compensation Committee shall be entitled to rely on all tables, valuations, certificates, opinions, data and reports furnished by any
actuary, accountant, controller, counsel or other person employed or retained by the Bank with respect to this Plan. 
 5.4 The Compensation
Committee shall furnish individual annual statements of accrued Deferred Benefits to each Participant, or current beneficiary, in such form as determined by the Compensation Committee or as required by law. 

5.5 The sole rights of a Participant or beneficiary under this Plan shall be to have this Plan administered according to its provisions, to
receive whatever Deferred Benefits he or she may be entitled to hereunder, and nothing in this Plan shall be interpreted as a guaranty that any funds in any trust which may be established in connection with this Plan or assets of the Bank will be
sufficient to pay any benefit hereunder. Further, the adoption and maintenance of this Plan shall not be construed as creating any contract of employment between the Bank and any Participant, nor entitle a Participant to any other legal or equitable
right against the Bank except as provided in this Plan. This Plan shall not affect the right of the Bank to deal with any Participants in employment respects, including their hiring, discharge, compensation, and conditions of employment. 

5.6 The Compensation Committee may from time to time establish rules and procedures which it determines to be necessary for the proper
administration of this Plan and the Deferred Benefits payable to an individual in the event that individual is declared incompetent and a conservator or other person legally charged with that individual’s care is appointed. Except as otherwise
provided herein, when the Compensation Committee determines that such individual is unable to manage his or her financial affairs, the Compensation Committee may pay such individual’s benefits to such conservator, person legally charged with
such individual’s care, or institution then contributing toward or providing for the care and maintenance of such individual. Any such payment shall constitute a complete discharge of any liability of the Bank, the Compensation Committee and
this Plan for such individual. 
 5.7 This Plan may be continued after a sale of assets of the Bank, or a merger or consolidation of the
Bank into or with another corporation or entity only if and to the extent that the transferee, purchaser or successor entity agrees to continue this Plan. In the event that the transferee, purchaser or successor entity does not continue this Plan,
then this Plan shall be terminated subject to the provisions of Article IV of this Plan. 

  
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 5.8 Each Participant shall keep the Compensation Committee informed of his or her current address
and the current address of his or her designated beneficiary. The Bank shall not be obliged to search for any person. If such person is not located within three (3) years after the date on which payment of the Participant’s Deferred
Benefits payable under this Plan may first be made, payment may be made as though the Participant, or his or her beneficiary had died at the end of such three-year period. 

5.9 Notwithstanding any provision herein to the contrary, neither the Bank, the Compensation Committee nor any individual acting as an
employee or agent of the Bank shall be liable to any Participant, former Participant, designated beneficiary, or any other person for any claim, loss, liability or expense incurred in connection with this Plan, unless attributed to fraud or willful
misconduct on the part of the Bank, the Compensation Committee or any director, employee or agent of the Bank. 
 5.10 A Participant’s
or beneficiary’s rights under this Plan may not be voluntarily or involuntarily assigned or alienated. If a Participant or beneficiary attempts to assign his or her rights or enters into bankruptcy proceedings, his or her right to receive
payments personally under this Plan will terminate, and the Compensation Committee may apply them in such manner as will, in its judgment, serve the best interests of the Participant or beneficiary. 

5.11 All questions pertaining to the construction, validity and effect of this Plan shall be determined in accordance with the laws of the
United States and to the extent not preempted by such laws, by the laws of the State of Wisconsin. 

  
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 INVESTORS COMMUNITY BANK MANAGEMENT EMPLOYEES’ 

ELECTIVE DEFERRED COMPENSATION PLAN 

Deferral Election/Beneficiary Designation Form 

Pursuant to the terms of the Investors Community Bank Management Employees’ Elective Deferred Compensation Plan (the “Plan”)
(defined terms in the Plan have the same meaning herein), I hereby elect to become a Participant under the Plan, effective as of the date hereof, and I further elect to defer, pursuant to the terms of the Plan,      percent or
$             of the amounts earned by me as Bonus Amounts and      percent or $         of the amounts earned by me as Base
Salary Amounts after the date hereof. This election shall be effective beginning after this date until the calendar year next beginning after the date on which I notify the Compensation Committee to suspend future deferrals. 

I understand that this election to defer shall be continued as to Bonus Amounts and/or Base Salary Amounts which are earned for each calendar
year for which this election to defer is effective until distribution after my Termination Date, or as provided in the Plan. Further, I understand that if I suspend deferrals I may make a new election to again become a Participant in the Plan and
that any new election to defer payment of Bonus Amounts and/or Base Salary Amounts must be made before the beginning of the next calendar year. 

The balance to the credit of my Deferred Benefit Account shall be paid in a lump sum on the first day of the month next following my
Termination Date. 
 If I should die after I become entitled to a distribution under the Plan but prior to receipt of the entire
distribution to which I am entitled, then all of the distribution to which I am entitled under the Plan and which has not been distributed to me or is not distributable to my surviving spouse after my death under the Plan shall be distributed to the
beneficiary named below. 
 Beneficiary:
                                         
                                

 

			
	  

	Signature
		
	Date:	 	  

  
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 INVESTORS COMMUNITY BANK MANAGEMENT EMPLOYEES’ 

ELECTIVE DEFERRED COMPENSATION PLAN 

Change of Election/Beneficiary Form 

Pursuant to the terms of the Investors Community Bank Management Employees’ Elective Deferred Compensation Plan (the “Plan”)
(defined terms in the Plan have the same meaning herein), I hereby make the following changes in elections made by me under the Plan: 
 1.
             I hereby elect to suspend the deferrals of my Bonus Amounts effective as of the end of the current fiscal year. 

2.              I hereby elect to suspend the deferrals of my Base Salary Amounts
effective as of the end of the current fiscal year. 
 3.              I hereby
elect to become a Participant in the Plan (notwithstanding my previous suspension) effective as of the beginning of the calendar year commencing after the date hereof. 

4. If I should die after I become entitled to distribution under the Plan, but prior to receipt of the entire distribution to which I am
entitled, then all of the distribution to which I am entitled under the Plan and which has not been distributed to me or is not distributable to my surviving spouse after my death under the Plan, shall be distributed to the following beneficiary:

 Beneficiary:
                                         
                                

The elections or beneficiary designation set forth herein shall supersede ones heretofore made by the undersigned Participant. 

 

			
	PARTICIPANT
	
	  

		
	Date:	 	  

  
 9EX-10.8

 Exhibit 10.8 
  

 
 COUNTY BANCORP, INC. 

2012 EQUITY INCENTIVE COMPENSATION PLAN 

Adopted March 20, 2012 

Amended and Restated Effective October 7, 2014 
  

 
 ARTICLE 1. 

ESTABLISHMENT, PURPOSE, AND DURATION 

1.1 Establishment. County Bancorp, Inc., a Wisconsin corporation (the “Company”), established an incentive
compensation plan to be known as the “COUNTY BANCORP, INC. 2012 EQUITY INCENTIVE COMPENSATION PLAN” (the “Plan”), as set forth in this document on March 20, 2012 and hereby amends and restates the Plan effective as of
October 7, 2014. 
 The Plan provides for the grant of Incentive Stock Options (“ISOs”), Nonqualified Stock Options
(“NSOs”), Stock Appreciation Rights (“SARs”), and Restricted Stock. 
 The Plan shall become effective on
the date of its initial adoption by the Company’s Board of Directors as stated above (the “Effective Date”) and shall remain in effect as provided in Section 1.3. Solely in order to qualify any ISOs granted hereunder for
favorable tax treatment as incentive stock options under the Code, this Plan shall be submitted for approval by the Company’s shareholders within twelve (12) months of the Effective Date; provided, that if this Plan is not approved by the
Company’s shareholders within twelve (12) months of the Effective Date, then it and any Awards hereunder shall remain in force and effect except that any ISOs granted hereunder shall automatically, without further action on the part of the
Company, the Committee or any Participant, and notwithstanding any designation in an Award Agreement to the contrary, become NSOs. 
 1.2
Purpose. The purpose of this Plan is to promote the success and enhance the value of the Company by linking the personal interests of key employees to those of the Company’s shareholders, and by providing key employees with an
incentive for outstanding performance. This Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of key employees upon whose judgment, interest, and special effort the successful
conduct of its operations is largely dependent. 
 1.3 Duration. Unless earlier terminated as provided herein, no Awards may
be granted more than ten (10) years after the Effective Date; provided, that Awards previously granted shall remain outstanding in accordance with their applicable terms and conditions. 

1.4 Prior Plans. From and after the Effective Date, the Company will make new Awards only under this Plan. For the avoidance of
doubt, all awards granted before the Effective Date under any prior plan shall remain in full force and effect and shall continue to be governed 

 
by the terms of the applicable plan and related award agreement. Unless clearly indicated otherwise, all references herein to “Awards” shall be deemed to refer exclusively to Awards
granted under and pursuant to this Plan and not under any prior (or subsequent) plan of the Company. 
 ARTICLE 2. 

DEFINITIONS 
 Whenever used
herein, the following terms shall have the meaning set forth below, and when the meaning is intended, the initial letter of the word shall be capitalized. 

2.1 “Award” means, individually or collectively, a grant of ISOs, NSOs, SARs, or Restricted Stock under this Plan.

 2.2 “Award Agreement” means an agreement entered into by the Company and a Participant setting forth the terms
and provisions applicable to an Award granted to such Participant hereunder. 
 2.3 “Beneficial Owner” or
“Beneficial Ownership” shall have the meaning ascribed to such term in Exchange Act Rule 13d-3. 

2.4 “Board” means the Board of Directors of the Company. 

2.5 “Cause” means a Participant’s breach of a duty or failure to perform a duty he or she owes to the Company and
the breach or failure to perform constitutes any of the following: (i) a willful failure to deal fairly with the Company and/or a Subsidiary or the shareholders of the Company and/or Subsidiary in connection with a matter in which the
Participant has a material conflict of interest; (ii) Participant’s conviction of or plea of guilty or no contest to a violation of criminal law; (iii) a transaction from which the Participant derived an improper personal profit; or
(iv) willful misconduct. 
 2.6 “Change in Control” shall mean any of the following: 

(a) Individuals who, on the Effective Date, constitute the Board (the “Incumbent Directors”) cease for any
reason to constitute at least a majority of the Board; provided, that any person becoming a director subsequent to the Effective Date whose election or nomination for election was approved by a vote of at least two-thirds of the Incumbent Directors
then on the Board (either by a specific vote or by approval of the proxy statement of the Company in which such person is named as a nominee for director, without written objection to such nomination) shall be an Incumbent Director; 

(b) Any Person is or becomes a “beneficial owner” (as defined in Exchange Act Rule 13d-3), directly or indirectly, of
securities of the Company representing 25% or more of the combined voting power of the Company’s then outstanding securities eligible to vote for the election of the Board (the “Company Voting Securities”); provided, that the
event described in this paragraph (b) shall not be deemed to be a Change in Control by virtue of any of the following acquisitions: (i) by the Company or any Subsidiary; (ii) by any employee benefit plan (or related trust) sponsored
or maintained by the Company 

  
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or any Subsidiary; (iii) by any underwriter temporarily holding securities pursuant to an offering of such securities; or (iv) pursuant to a “Non-Qualifying Transaction” (as
defined in paragraph (c), below); or 
 (c) The consummation of a merger, consolidation, statutory share exchange, sale of
all or substantially all of the Company’s assets, a plan of liquidation or dissolution of the Company or similar form of corporate transaction involving the Company or any of its Subsidiaries that requires the approval of the Company’s
shareholders, whether for such transaction or the issuance of securities in the transaction (a “Business Transaction”), unless immediately following such Business Transaction: (i) more than 50% of the total voting power of
(A) the corporation resulting from such Business Transaction (the “Surviving Corporation”), or (B) if applicable, the ultimate parent corporation that directly or indirectly has beneficial ownership of at least 95% of the voting
securities eligible to elect directors of the Surviving Corporation (the “Parent Corporation”), is represented by Company Voting Securities that were outstanding immediately prior to such Business Transaction (or, if applicable, is
represented by shares into which such Company Voting Securities were converted pursuant to such Business Transaction), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such Company Voting
Securities among the holders thereof immediately prior to the Business Transaction; (ii) no person (other than any employee benefit plan (or related trust) sponsored or maintained by the Surviving Corporation or the Parent Corporation), is or
becomes the beneficial owner, directly or indirectly, of 25% or more of the total voting power of the outstanding voting securities eligible to elect directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving
Corporation); and (iii) at least a majority of the members of the board of directors of the Parent Corporation (or, if there is no Parent Corporation, the Surviving Corporation) following the consummation of the Business Transaction were
Incumbent Directors at the time of the Board’s approval of the execution of the initial agreement providing for such Business Transaction (any Business Transaction that satisfies all of the criteria specified in (i), (iii) and
(iii) above shall be deemed to be a “Non-Qualifying Transaction”). 
 Notwithstanding the foregoing, a Change in
Control of the Company shall not be deemed to occur solely because any person acquires beneficial ownership of more than 25% of the Company Voting Securities as a result of the acquisition of Company Voting Securities by the Company which reduces
the number of Company Voting Securities outstanding; provided, that if after such acquisition by the Company such person becomes the beneficial owner of additional Company Voting Securities that increases the percentage of outstanding Company Voting
Securities beneficially owned by such Person, a Change in Control of the Company shall then occur. 
 2.7 “Code”
means the Internal Revenue Code of 1986, as amended from time to time, or any successor thereto. 
 2.8 “Committee”
means the Compensation Committee of the Board or, if at any time there is no such Compensation Committee in existence, the Board acting as a Committee of the Whole. 

  
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 2.9 “Company” means County Bancorp, Inc., a Wisconsin corporation, and
any successor thereto as provided in ARTICLE 14. 
 2.10 “Director” means any individual who is a member of the
Board or of the board of directors of any Subsidiary. 
 2.11 “Disability” means a medically determinable physical
or mental impairment that can be expected to result in death or to last for a continuous period of not less than 12 months that renders a Participant unable to engage in any substantial gainful activity. 

2.12 “Employee” means any employee of the Company and/or its Subsidiaries. Directors who are not otherwise employed by
the Company and/or its Subsidiaries shall not be considered Employees under this Plan. 
 2.13 “Exchange Act” means
the Securities Exchange Act of 1934, as amended from time to time, or any successor act thereto. 
 2.14 “Fair Market
Value” means the closing price of a Share on The NASDAQ Global Market or such other established stock exchange or national market system on which the Shares are listed (or the closing bid, if no sales were reported), as quoted on such
exchange or system on the day of determination, as reported in The Wall Street Journal or such other source as the Administrator deems reliable; provided however, that if a Share is not susceptible of valuation by such method, the term
“Fair Market Value” shall mean the fair market value of a Share as the Administrator may determine in conformity with pertinent law and regulations of the Treasury Department. 

2.15 “Fiscal Year” means the year commencing on January 1 and ending December 31 or other time period as
approved by the Board. 
 2.16 “Freestanding SAR” means a SAR that is granted independently of any Options, as
described in ARTICLE 7. 
 2.17 “Grant Price” means the price at which a SAR may be exercised by a Participant, as
determined by the Committee pursuant to Section 7.1. 
 2.18 “Incentive Stock Option” or
“ISO” means an Option to purchase Shares that is designated as an “Incentive Stock Option” and is intended to meet the requirements of Section 422, or any successor provision, of the Code. 

2.19 “Independent Contractor” means an individual providing services to the Company and/or its Subsidiaries, other
than a Director who is not also an Employee of the Company and/or its Subsidiaries. Such Independent Contractor shall be eligible to participate in the Plan as selected by the Committee in accordance with ARTICLE 5. Notwithstanding any other
provision herein to the contrary, the following shall apply in the case of an Independent Contractor who is allowed to participate in the Plan: (i) with respect to any reference in this Plan to the working relationship between such Independent
Contractor and the Company and/or its Subsidiaries, the term “service” shall apply as may be appropriate in lieu of the term “employment” or “employ”; (ii) no such Independent Contractor shall be eligible for a
grant of 

  
 4 

 
an ISO; and (iii) the exercise period and vesting of an Award following such Independent Contractor’s termination from service shall be specified and governed under the terms and
conditions of the Plan, or if different, in the Award as may be determined by the Committee and set forth in the related Award Agreement. 

2.20 “Nonqualified Stock Option” or “NSO” means an Option to purchase Shares, that is not
intended to be an Incentive Stock Option or that otherwise does not meet the requirements for ISO treatment under Section 422 of the Code. 

2.21 “Option” means an Incentive Stock Option or a Nonqualified Stock Option. 

2.22 “Option Price” means the price at which a Share may be purchased by a Participant pursuant to an Option, as
determined by the Committee. 
 2.23 “Participant” means an Employee, Director or Independent Contractor who has
been selected to receive an Award or who has an outstanding Award granted under the Plan. 
 2.24 “Period of
Restriction” means the period when Awards are subject to forfeiture based on the passage of time, the achievement of performance goals, and/or upon the occurrence of other events as determined by the Committee, at its discretion. 

2.25 “Person” shall have the meaning ascribed to such term in Section 3(a)(9) of the Exchange Act and used in
Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d) thereof. 
 2.26 “Restricted
Stock” means an Award of Company Stock that is subject to transfer restrictions and is made pursuant to ARTICLE 8. 
 2.27
“Retirement” means a voluntary Termination of Employment after a Participant has (i) attained the age of sixty (60); and (ii) completed at least five (5) years of continuous service with the Company or its
Subsidiaries. 
 2.28 “Shares” or “Stock” means the Shares of the Company’s $0.01 par
value common stock. 
 2.29 “Stock Appreciation Right” or “SAR” means an Award, designated
as a SAR, pursuant to the terms of ARTICLE 7. 
 2.30 “Subsidiary” means any corporation, partnership, joint
venture, limited liability company, or other entity (other than the Company) in an unbroken chain of entities beginning with the Company if each of the entities other than the last entity in the unbroken chain owns at least fifty percent
(50%) of the total combined voting power in one of the other entities in such chain. 
 2.31 “Tandem SAR” means
an SAR that is granted in connection with a related Option, the exercise of which shall require forfeiture of the right to purchase a Share under the related Option (and when a Share is purchased under the Option, the Tandem SAR shall similarly be
cancelled) or an SAR that is granted in tandem with an Option but the exercise of such Option does not cancel the SAR, but rather results in the exercise of the related SAR. 

  
 5 

 2.32 “10% Shareholder” means an individual who owns or is deemed to own
stock possessing more than 10% of the combined voting power of all classes of stock of the Company or any of its Subsidiaries. 
 2.33
“Termination of Employment” means the cessation or curtailment of a Participant’s services for the Company and any Subsidiary where both the Participant and the Company (or Subsidiary) reasonably expect that the level of
bona fide services the Participant will perform for the Company and all Subsidiaries will permanently decrease to no more than 20 percent of the average level of bona fide services performed over the immediately preceding 36-month period (or the
full period of services to the Company and all Subsidiaries if the Participant has been providing such services for fewer than 36 months). The Committee shall have the ability to stipulate in a Participant’s Award Agreement that a transfer to a
company that is spun-off from the Company shall not be deemed a Termination of Employment with the Company for purposes of the Plan until the Participant’s employment is terminated with the spun-off company under this definition. 

ARTICLE 3. 

ADMINISTRATION 
 3.1
General. The Committee shall be responsible for administering the Plan. In discharging its duties hereunder, the Committee may employ attorneys, consultants, accountants and other professional advisers, and the Committee, the Company, and
its officers and Directors shall be entitled to rely upon the advice, opinions or valuations of any such Persons. All actions taken and all interpretations and determinations made by the Committee shall be final, conclusive, and binding upon the
Participants, the Company, and all other interested parties. 
 3.2 Authority of the Committee. The Committee shall have full
and exclusive discretionary power and authority to interpret the terms and the intent of the Plan, to determine eligibility for Awards hereunder, and to adopt such rules, regulations, and guidelines for administering the Plan as it may deem
necessary or proper. Such authority shall include, but not be limited to, selecting Award recipients, establishing all terms and conditions of each Award and adopting modifications and amendments, or subplans to the Plan or any Award Agreement.
Notwithstanding such discretionary authority, all Awards granted hereunder and all actions taken by the Committee shall be subject to the terms and provisions of this Plan. 

The Committee need not, except as expressly required by this Plan or by applicable law, make any or all of the terms and conditions of Awards
hereunder uniform as between or among Awards or Participants. 
 3.3 Delegation. The Committee may delegate, to the fullest
extent permitted under applicable law, to the Chief Executive Officer of the Company any or all of the authority of the Committee with respect to the grant of Awards to Participants, other than Participants who, at the time any such delegated
authority is exercised, are executive officers and/or are subject to potential liability under Section 16(b) of the Exchange Act with respect to transactions involving equity securities of the Company. 

  
 6 

 3.4 Section 162(m). To the extent that the Administrator determines it to be
desirable to qualify Awards granted hereunder as “performance-based compensation” within the meaning of Section 162(m) of the Code, the Plan will be administered by a committee of two (2) or more “outside directors”
within the meaning of Section 162(m) of the Code. 
 3.5 Rule 16b-3. To the extent that the Administrator determines it
to be desirable to qualify transactions hereunder as exempt under Rule 16b-3 of the Exchange Act or any successor to Rule 16b-3, the transactions contemplated hereunder will be structured to satisfy the requirements for exemption under Rule 16b-3.

 ARTICLE 4. 
 SHARES
SUBJECT TO THE PLAN AND MAXIMUM AWARDS 
 4.1 Number of Shares Available for Awards. Subject to adjustment as provided in
this ARTICLE 4, the number of Shares which may be delivered pursuant to Awards granted under the Plan (the “Share Authorization”) is Six Hundred Thousand (600,000) shares.1
The maximum aggregate number of Shares that may be made subject to any Award granted in any one Fiscal Year to any one Participant shall be 10% of the Share Authorization. The maximum number of Shares of Restricted Stock that may be issued shall be
limited to 50% of the Share Authorization. Any Shares related to Awards which terminate by expiration, forfeiture, cancellation, or otherwise without the issuance of such Shares, are settled in cash in lieu of Shares, or are exchanged with the
Committee’s permission for Awards not involving Shares, shall be available again for grant hereunder. Moreover, if the Option Price of any Option or the tax withholding requirements with respect to any Award are satisfied by tendering Shares to
the Company (by either actual delivery or by attestation), or if a SAR is exercised, only the number of Shares issued, net of the Shares tendered, if any, will be deemed delivered for purposes of determining the maximum number of Shares available
for delivery hereunder. The maximum number of Shares available for issuance hereunder shall not be reduced to reflect any dividends or dividend equivalents that are reinvested into additional Shares or credited as additional Restricted Stock. Shares
available for issuance hereunder may be authorized and unissued Shares or treasury Shares. 
 4.2 Adjustments in Authorized
Shares. In the event of any corporate event or transaction (including, but not limited to, a change in the Shares of the Company or the capitalization of the Company) such as a merger, consolidation, reorganization, recapitalization,
separation, stock dividend, stock split, reverse stock split, split up, spin-off, or other distribution of Stock or property of the Company, combination of securities, exchange of securities, dividend in kind, or other like change in capital
structure or distribution (other than normal cash dividends) to shareholders of the Company, or any similar corporate event or transaction, the Committee, in its sole discretion, in order to prevent dilution or enlargement of Participants’
rights hereunder, shall substitute or adjust, in an equitable manner, as applicable, the number and 
  

 

	1 	 Updated to reflect 10 for 1 stock split on April 4, 2014. 

  
 7 

 
kind of Shares that may be issued hereunder, the number and kind of Shares subject to outstanding Awards, the Option Price or Grant Price applicable to outstanding Awards, and other value
determinations applicable to outstanding Awards. 
 Appropriate adjustments may also be made by the Committee in the terms of any Awards to
reflect such changes or distributions and to modify any other terms of outstanding Awards on an equitable basis, including modifications of performance goals and changes in the length of performance periods. The determination of the Committee as to
the foregoing adjustments, if any, shall be conclusive and binding on Participants. 
 Subject to the provisions of ARTICLE 11 and any
applicable law or regulatory requirement, without affecting the number of Shares reserved or available hereunder, the Committee may authorize the issuance, assumption, substitution, conversion or termination of Awards under this Plan in connection
with any merger, consolidation, acquisition of property or Stock, or reorganization, upon such terms and conditions as it may deem appropriate. Additionally, the Committee may amend this Plan, or adopt supplements hereto, in such manner as it deems
appropriate to provide for such issuance, assumption, substitution, conversion or termination, all without further action by the Company’s shareholders. 

4.3 Exemption from Code Section 409A. All Awards and Award Agreements under this Plan shall be structured, administered,
and interpreted in a manner so as to be exempt from the application of Code Section 409A. 
 ARTICLE 5. 

ELIGIBILITY, PARTICIPATION AND VESTING 

5.1 Eligibility. Individuals eligible to participate in the Plan include all Employees, Directors, and Independent Contractors.

 5.2 Participation. The Committee may from time to time, select from all eligible Employees, Directors, and Independent
Contractors, those to whom Awards shall be granted and shall determine the nature and amount of each Award. 
 5.3 Vesting,
Generally. Awards hereunder shall vest, i.e., become nonforfeitable, at such times and in such amounts as shall be determined by the Committee in its sole discretion and set forth in a vesting schedule included in or with the Award Agreement
related to such Award, which vesting schedule may provide that all or some part of the applicable Award vests immediately upon grant, or on specified dates over a period of time, or upon attainment of performance goals specified in the Award
Agreement; provided, that if no vesting schedule is specified in or by the Award Agreement, then Awards shall vest 20 percent on each of the first through fifth anniversaries of the date of grant. 

5.4 Vesting upon Retirement. Unless otherwise specified in an Award Agreement, a Participant shall be fully vested in any and
all Awards hereunder upon the Participant’s Retirement (as defined herein). 
 5.5 Vesting upon Death or Disability.
Notwithstanding the foregoing, upon Termination of Employment due to the death or Disability of the Participant: 

  
 8 

 (a) Any and all Options and SARs granted hereunder shall become immediately
exercisable; provided, that Participant or his or her beneficiary shall have until the earlier of: (i) twelve (12) months following such termination date; or (ii) the expiration of the Option or SAR term, to exercise any such Option
or SAR. 
 (b) Any Period of Restriction for Restricted Stock granted hereunder that have not previously vested shall end,
and such Restricted Stock shall become fully vested. 
 5.6 Change in Control. Notwithstanding the foregoing, in the event of
a Change in Control, vesting shall be determined in accordance with ARTICLE 11. 
 ARTICLE 6. 

STOCK OPTIONS 
 6.1
Grant of Options. Options may be granted to Participants in such number, and upon such terms, and at any time and from time to time as shall be determined by the Committee, provided, that ISOs shall not be granted to Non-Employee
Directors or Independent Contractors. 
 6.2 Award Agreement. Each Option grant shall be evidenced by an Award Agreement that
shall specify the Option Price, the duration of the Option, the number of Shares to which the Option pertains, the conditions upon which an Option shall become vested and exercisable, and such other provisions as the Committee determines are not
inconsistent with the terms hereof. The Award Agreement also shall specify whether the Option is intended to be an ISO or a NSO; provided, that if the Award Agreement fails to so specify, then the Option shall be deemed to be a NSO. 

6.3 Option Price. The Option Price for each grant of an Option under this Plan shall be determined by the Committee and shall be
specified in the Award Agreement. The Option Price shall be at least one hundred percent (100%) of the Fair Market Value of the Shares on the date of grant. If an Option intended to qualify as an ISO is granted to a 10% Shareholder, the Option
Price shall be at least one hundred ten percent (110%) of the Fair Market Value of the Shares on the date of grant. 
 6.4
Duration of Options. Each Option granted to a Participant shall expire at such time as the Committee shall determine at the time of grant; provided, that no Option shall be exercisable later than the tenth (10th) anniversary date of
its grant. If an Option intended to qualify as an ISO is granted to a 10% Shareholder, such Option shall not be exercisable later than the fifth (5th) anniversary date of its grant. 

6.5 Exercise of Options. Options shall be exercisable at such times and be subject to such restrictions and conditions as the
Committee shall in each instance approve. 
 6.6 Payment. Options shall be exercised by the delivery of a written notice of
exercise to the Company, setting forth the number of Shares with respect to which the Option is to be exercised, accompanied by full payment for the Shares. 

  
 9 

 The Option Price upon exercise of any Option shall be payable to the Company in full either:
(i) in cash or its equivalent; (ii) by tendering previously acquired Shares having an aggregate Fair Market Value at the time of exercise equal to the total Option Price; (iii) by a combination of (i) and (ii); or (iv) any
other method approved by the Committee in its sole discretion at the time of grant and as set forth in the Award Agreement. 
 The Committee
also may allow cashless exercise as permitted under the Federal Reserve Board’s Regulation T, subject to applicable securities law restrictions, or by any other means which the Committee determines to be consistent with the Plan’s purpose
and applicable law. 
 Subject to Section 6.7 and any governing rules or regulations, as soon as practicable after receipt of a written
notification of exercise and full payment, the Company shall deliver to the Participant, Share certificates or evidence of book entry Shares, in an appropriate amount based upon the number of Shares purchased under the Option(s). 

All payments under all of the methods indicated above shall be paid in United States dollars. 

6.7 Restrictions on Share Transferability. Subject to Section 15.9, the Committee may impose such restrictions on Shares
acquired pursuant to the exercise of an Option as it may deem advisable, including, without limitation, requiring the Participant to hold the Shares acquired pursuant to exercise for a specified period of time, restrictions under applicable federal
securities laws, and under any blue sky or state securities laws applicable to such Shares. 
 6.8 Termination of Employment.
Each Award Agreement shall set forth the extent to which the Participant shall have the right to exercise the Option following the Participant’s Termination of Employment. Such provisions shall be determined in the sole discretion of the
Committee, shall be included in the Award Agreement, and may reflect distinctions based on the reasons for Termination of Employment. 

6.9 Transferability of Options. 

(a) Incentive Stock Options. No ISO granted under the Plan may be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated, other than by will or by the laws of descent and distribution. Further, all ISOs granted to a Participant under this ARTICLE 6 shall be exercisable during his or her lifetime only by such Participant. 

(b) Nonqualified Stock Options. Except as otherwise provided in an Award Agreement or otherwise at any time by the
Committee, no NSO may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution; provided, that the Board or Committee may permit further transfer, on a general or
a specific basis, and may impose conditions and limitations on any permitted transfer. Further, except as otherwise provided in an Award Agreement or otherwise at any time by the Committee, or unless the Board or the Committee decides to permit
further transfer, NSOs granted to a Participant shall be exercisable during his or her lifetime only by such Participant. 
 6.10
Notification of Disqualifying Disposition. The Participant will notify the Company upon the disposition of Shares issued pursuant to the exercise of an ISO. The Company will use such information to determine whether a disqualifying
disposition as described in Section 421(b) of the Code has occurred. 

  
 10 

 ARTICLE 7. 

STOCK APPRECIATION RIGHTS 

7.1 Grant of SARs. SARs may be granted to Participants at any time and from time to time as shall be determined by the
Committee. The Committee may grant Freestanding SARs, Tandem SARs, or any combination thereof. The Committee shall have complete discretion in determining the number of SARs granted to each Participant and in determining the terms and conditions
pertaining to such SARs. 
 The SAR Grant Price for each SAR shall be determined by the Committee and shall be specified in the Award
Agreement. The SAR Grant Price must be at least one hundred percent (100%) of the Fair Market Value of the Shares on the date of grant. 

7.2 SAR Agreement. Each SAR Award shall be evidenced by an Award Agreement that shall specify the Grant Price, the vesting
schedule and term of the SAR, and such other provisions as the Committee shall determine. 
 7.3 Term of SAR. The term of an
SAR shall be determined by the Committee, in its sole discretion, and, except as determined otherwise by the Committee and specified in the SAR Award Agreement, no SAR shall be exercisable later than the tenth (10th) anniversary of the grant
date. 
 7.4 Exercise of Freestanding SARs. Freestanding SARs may be exercised upon whatever terms and conditions the
Committee, in its sole discretion, imposes upon them in the Award Agreement. 
 7.5 Exercise of Tandem SARs. Tandem SARs may
be exercised for all or part of the Shares subject to the related Option upon the surrender of the right to exercise the equivalent portion of the related Option. A Tandem SAR may be exercised only with respect to the Shares for which its related
Option is then exercisable. Notwithstanding any other provision of this Plan to the contrary, with respect to a Tandem SAR granted in connection with an ISO: (i) the Tandem SAR will expire no later than the expiration of the underlying ISO;
(ii) the value of the payout with respect to the Tandem SAR may be for no more than one hundred percent (100%) of the difference between the Option Price of the underlying ISO and the Fair Market Value of the Shares subject to the
underlying ISO at the time the Tandem SAR is exercised; and (iii) the Tandem SAR may be exercised only when the Fair Market Value of the Shares subject to the ISO exceeds the Option Price of the ISO. 

7.6 Payment of SAR Amount. Upon the exercise of an SAR, a Participant shall be entitled to receive payment from the Company in
an amount determined by multiplying: 
 (a) The difference between the Fair Market Value of a Share on the date of exercise
over the Grant Price; by 
 (b) The number of Shares with respect to which the SAR is exercised. 

  
 11 

 At the discretion of the Committee, the payment upon SAR exercise may be in cash, in Shares of
equivalent value, in some combination thereof, or in any other manner approved by the Committee at its sole discretion. The Committee’s determination regarding the form of SAR payout shall be set forth or reserved for later determination in the
Award Agreement pertaining to the grant of the SAR. 
 7.7 Termination of Employment. Each Award Agreement shall set forth the
extent to which the Participant shall have the right to exercise the SAR following the Participant’s Termination of Employment. Such provisions shall be determined in the sole discretion of the Committee, shall be included in the Award
Agreement, and may reflect distinctions based on the reasons for Termination of Employment. 
 7.8 Nontransferability of SARs.
Except as otherwise provided in the applicable Award Agreement, no SAR may be sold, transferred, pledged, assigned, or otherwise alienated or hypothecated, other than by will or by the laws of descent and distribution; provided that the Board or
Committee may permit further transfer, on a general or a specific basis, and may impose conditions and limitations on any permitted transfer. Further, except as otherwise provided in the Award Agreement or otherwise unless the Board or the Committee
decides to permit further transfer, all SARs granted to a Participant shall be exercisable during his or her lifetime only by such Participant. 

7.9 Other Restrictions. The Committee may impose such other conditions and/or restrictions on any Shares received upon exercise
of a SAR as it may deem advisable. 
 ARTICLE 8. 

RESTRICTED STOCK 
 8.1
Grant of Restricted Stock. The Committee, at any time and from time to time, may grant Shares of Restricted Stock to Participants in such amounts as the Committee shall determine. 

8.2 Restricted Stock Agreement. Each Restricted Stock grant shall be evidenced by an Award Agreement that shall specify the
Period(s) of Restriction, the number of Shares of Restricted Stock granted, and such other provisions as the Committee shall determine. 

8.3 Transferability. Except as provided in this ARTICLE 8, Shares of Restricted Stock may not be sold, transferred, pledged,
assigned, or otherwise alienated or hypothecated until the end of the applicable Period of Restriction established by the Committee and specified in the Award Agreement, or upon earlier satisfaction of any other conditions, as specified by the
Committee, in its sole discretion, and set forth in the Award Agreement. All rights with respect to the Restricted Stock granted to a Participant shall be available during his or her lifetime only to such Participant. 

8.4 Other Restrictions. The Committee may impose such other conditions and/or restrictions on any Shares of Restricted Stock as
it may deem advisable including, without limitation, a requirement that Participants pay a stipulated purchase price for each Share of Restricted Stock, restrictions based upon the achievement of specific performance goals, time-based restrictions
on vesting following the attainment of the performance goals, time-based 

  
 12 

 
restrictions, restrictions under applicable federal or state securities laws, or any holding requirements or sale restrictions placed on the Shares by the Company upon vesting of such Restricted
Stock. 
 To the extent deemed appropriate by the Committee, the Company may retain the certificates representing Shares of Restricted Stock
in the Company’s possession until such time as all conditions and/or restrictions applicable to such Shares have been satisfied or lapse. 

Except as otherwise provided in this ARTICLE 8, but subject to Section 15.9, Shares of Restricted Stock covered by each Restricted Stock
Award shall become freely transferable by the Participant after all conditions and restrictions applicable to such Shares have been satisfied or lapse. 

8.5 Certificate Legend. Each certificate representing Shares of Restricted Stock shall bear a legend substantially as set forth
below, in addition to any other legend applicable to Stock certificates of the Company, generally, or as may be included by the Committee or the Board in their discretion: 

“THE SALE OR OTHER TRANSFER OF THE SHARES OF STOCK REPRESENTED BY THIS CERTIFICATE, WHETHER VOLUNTARY, INVOLUNTARY, OR BY OPERATION OF
LAW, IS SUBJECT TO CERTAIN RESTRICTIONS ON TRANSFER AS SET FORTH IN THE COUNTY BANCORP, INC. 2012 EQUITY INCENTIVE COMPENSATION PLAN, AND IN THE ASSOCIATED RESTRICTED STOCK AWARD AGREEMENT. A COPY OF THE PLAN AND SUCH RESTRICTED STOCK AWARD
AGREEMENT MAY BE OBTAINED FROM THE SECRETARY OF COUNTY BANCORP, INC.” 
 8.6 Voting Rights. To the extent permitted or
required by law, as determined by the Committee, Participants holding Shares of Restricted Stock may be granted the right to exercise full voting rights with respect to those Shares during the Period of Restriction. 

8.7 Dividends. During the Period of Restriction, Participants holding Shares of Restricted Stock shall be credited with
dividends paid with respect to Restricted Stock while they are so held. 
 8.8 Termination of Employment. Each Award Agreement
shall set forth the extent to which the Participant shall have the right to retain Restricted Stock following the Participant’s Termination of Employment. Such provisions shall be determined in the sole discretion of the Committee, shall be
included in the Award Agreement entered into with each Participant, and may reflect distinctions based on the reasons for Termination of Employment. 

8.9 Section 83(b) Election. The Committee may provide in an Award Agreement that the Award of Restricted Stock is
conditioned upon the Participant making or refraining from making an election with respect to the Award under Section 83(b) of the Code. If a Participant makes an election pursuant to Section 83(b) of the Code concerning a Restricted Stock
Award, the Participant shall promptly file a copy of such election with the Committee. 

  
 13 

 ARTICLE 9. 

BENEFICIARY DESIGNATION 
 A
Participant’s “beneficiary” is the person or persons entitled to receive payments or other benefits or exercise rights that are available under the Plan in the event of the Participant’s death. A Participant may designate a
beneficiary or change a previous beneficiary designation at any time by using forms and following procedures approved by the Committee for that purpose. If no beneficiary designated by the Participant is eligible to receive payments or other
benefits or exercise rights that are available under the Plan at the Participant’s death the beneficiary shall be the Participant’s estate. 

Notwithstanding the provisions above, the Committee may in its discretion, after notifying the affected Participants, modify the foregoing
requirements, institute additional requirements for beneficiary designations, or suspend the existing beneficiary designations of living Participants or the process of determining beneficiaries under this ARTICLE 9, or both. If the Committee
suspends the process of designating beneficiaries on forms and in accordance with procedures it has approved pursuant to this ARTICLE 9, the determination of who is a Participant’s beneficiary shall be made under the Participant’s will and
applicable state law. 
 ARTICLE 10. 

RIGHTS OF EMPLOYEES AND INDEPENDENT CONTRACTORS 

10.1 Employment. Nothing in this Plan or any Award Agreement shall interfere with or limit in any way the right of the Company
and/or its Subsidiaries to terminate any Participant’s employment or other service relationship at any time, nor confer upon any Participant any right to continue in the capacity in which he or she is employed or otherwise serves the Company
and/or its Subsidiaries. 
 Neither an Award nor any benefits arising under this Plan shall constitute part of an employment contract with
the Company and/or its Subsidiaries and, accordingly, subject to ARTICLES 3 and 10, this Plan and the benefits hereunder may be terminated at any time in the sole and exclusive discretion of the Committee without giving rise to liability on the part
of the Company and/or its Subsidiaries for severance payments. 
 10.2 Participation. No Employee or Independent Contractor
shall have the right to be selected to receive an Award under this Plan, or, having been so selected, to be selected to receive a future Award. 

10.3 Rights as a Shareholder. Except with respect to Restricted Stock to the extent specified herein or in an Award Agreement, a
Participant shall have none of the rights of a shareholder with respect to Shares covered by any Award until the Participant becomes the record holder of such Shares. 

  
 14 

 ARTICLE 11. 

CHANGE IN CONTROL 
 11.1
Awards Granted Prior to October 7, 2014. For Awards granted prior to October 7, 2014, upon the occurrence of a Change in Control, unless otherwise specifically prohibited under applicable laws, or by the rules and regulations of
any governing governmental agencies or national securities exchanges, or unless the Committee shall determine otherwise in the Award Agreement (which may include a modification to the definition of a Change in Control as determined by the
Committee): 
 (a) Any and all Options and SARs shall become immediately exercisable; additionally, with respect to NSOs and
SARs (but not ISOs), if a Participant’s employment is terminated for any other reason except Cause within twelve (12) months of such Change in Control, the Participant shall have until the earlier of: (i) twelve (12) months
following such termination date; or (ii) the expiration of the NSO or SAR term, to exercise any such NSO or SAR; and 

(b) Any Period of Restriction for Shares of Restricted Stock that have not previously vested shall end, and such Restricted
Stock shall become fully vested and transferable. 
 Subject to ARTICLE 12, the Committee shall have the authority to make any modifications
to the Awards as determined by the Committee to be appropriate before the effective date of the Change in Control. 
 The provisions of this
Section 11.1 are to be interpreted in a manner such that, in the case of a Change in Control that involves the receipt by the shareholders of the Company of cash or other property (including the stock of another company) in exchange for their
Shares of Stock of the Company, the Participant holding an Award that is or can be settled by the delivery of Shares shall have the opportunity to (i) receive the same consideration for such Shares as is being received by other shareholders of
the Company, and (ii) to make such elections in respect thereof (for example, an election to receive stock, or cash, or a combination for his or her Shares of Company Stock) as are available to other shareholders of the Company. In particular
but without limitation, the provisions of this Section 11.1 that state than an Award shall become “immediately exercisable” or “immediately paid” shall be deemed to mean that such Award shall become exercisable or paid
immediately prior to the consummation of any Change in Control that involves the receipt by the shareholders of the Company of cash or other property (including the stock of another company) in exchange for their Shares of Stock of the Company or in
sufficient time prior to consummation of such Change in Control as shall enable the Participant to make any elections in respect thereof. 

11.2 Awards Granted After October 7, 2014. For Awards granted after October 7, 2014, unless otherwise provided in the
Award Agreement, upon the occurrence of (a) a Change in Control, and (b) a Participant’s involuntary Termination of Employment (other than due to Cause) that occurs within the twelve (12) month period following such Change in
Control: 
 (i) Any and all Options and SARs shall become immediately exercisable; additionally, the Participant shall have until the earlier
of: (x) twelve (12) months following such termination date; or (y) the expiration of the Option or SAR term, to exercise any such Option or SAR; and 

  
 15 

 (ii) Any Period of Restriction for Shares of Restricted Stock that have not previously vested
shall end, and such Restricted Stock shall become fully vested and transferable. 
 11.3 Committee Discretion in the Event of a Change
in Control. Upon the occurrence of a Change in Control, the Committee, as constituted before such Change in Control, may, in its sole discretion, as to any such Award, either at the time the Award is made hereunder or any time thereafter:
(a) make such adjustment to any such Award then outstanding as the Committee deems appropriate to reflect such Change in Control; and/or (b) cause any such Award then outstanding to be assumed, or new rights substituted therefor, by the
acquiring or surviving entity after such Change in Control. Additionally, in the event of any Change in Control with respect to Options and SARs, the Committee, as constituted before such Change in Control, may, in its sole discretion (except as may
be otherwise provided in the Award Agreement): (a) cancel any outstanding unexercised Options or SARs (whether or not vested) that have a per-Share Option Price or Grant Price (as applicable) that is greater than the Change in Control Price
(defined below); or (b) cancel any outstanding unexercised Options or SARs (whether or not vested) that have a per-Share Option Price or Grant Price (as applicable) that is less than or equal to the Change in Control Price in exchange for a
cash payment of an amount equal to (x) the difference between the Change in Control Price and the Option Price or Grant Price (as applicable), multiplied by (y) the total number of Shares underlying such Option or SAR that are vested and
exercisable at the time of the Change in Control. The Committee may, in its discretion, include such further provisions and limitations in any Award Agreement as it may deem desirable. The “Change in Control Price” means the lower of
(a) the per-Share Fair Market Value as of the date of the Change in Control, or (b) the price paid per Share as part of the transaction which constitutes the Change in Control. 

ARTICLE 12. 
 AMENDMENT,
MODIFICATION, SUSPENSION, AND TERMINATION 
 12.1 Amendment, Modification, Suspension, and Termination. The Board may, at
any time and from time to time, alter, amend, modify, suspend, or terminate this Plan in whole or in part. No amendment of the Plan shall be made without shareholder approval if shareholder approval is required by law, regulation, or stock exchange
rule. 
 12.2 Adjustment of Awards Upon the Occurrence of Certain Unusual or Nonrecurring Events. The Committee may make
adjustments in the terms and conditions of, and the criteria included in, Awards in recognition of unusual or nonrecurring events (including, without limitation, the events described in Section 4.2) affecting the Company or the financial
statements of the Company or of changes in applicable laws, regulations, or accounting principles, whenever the Committee determines that such adjustments are appropriate in order to prevent unintended dilution or enlargement of the benefits or
potential benefits intended to be made available under the Plan. The determination of the Committee as to the foregoing adjustments, if any, shall be conclusive and binding on Participants under the Plan. 

12.3 Awards Previously Granted. Notwithstanding any other provision hereof to the contrary, no termination, amendment,
suspension, or modification of this Plan shall adversely affect in any material way any Award previously granted hereunder without the written consent of the Participant holding such Award. 

  
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 ARTICLE 13. 

WITHHOLDING 
 13.1
Tax Withholding. The Company shall have the power and the right to deduct or withhold, or require a Participant to remit to the Company, an amount sufficient to satisfy federal, state, and local taxes, domestic or foreign (including the
Participant’s FICA obligation), required by law or regulation to be withheld with respect to any taxable event arising or as a result of this Plan. 

13.2 Share Withholding. With respect to withholding required upon the exercise of Options or SARs, upon the lapse of
restrictions on Restricted Stock, or any other taxable event arising as a result of Awards granted hereunder, the Company may require or Participants may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in
whole or in part, by having the Company withhold Shares having a Fair Market Value of a Share on the date the tax is to be determined equal to the tax that could be imposed on the transaction, provided, that if required by the accounting rules and
regulations to maintain favorable accounting treatment for the Awards, the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction. All elections shall be irrevocable, made in writing, and signed by
the Participant, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

ARTICLE 14. 
 SUCCESSORS

 All obligations of the Company under the Plan with respect to Awards granted hereunder, shall be binding on any successor to the
Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company. 

ARTICLE 15. 
 GENERAL
PROVISIONS 
 15.1 Forfeiture Events. The Committee may specify in an Award Agreement or other document that the
Participant’s rights, payments, and benefits with respect to an Award shall be subject to reduction, cancellation, forfeiture, or recoupment upon the occurrence of certain specified events, in addition to any otherwise applicable vesting or
performance conditions of an Award. Such events shall include, but shall not be limited to, termination of employment for Cause, violation of material Company and/or Subsidiary policies, breach of noncompetition, confidentiality, or other
restrictive covenants that may apply to the Participant, or other conduct by the Participant that is detrimental to the business or reputation of the Company and/or its Subsidiaries. 

15.2 Legend. The certificates for Shares may include any legend that the Committee deems appropriate to reflect any restrictions
on transfer of such Shares. 

  
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 15.3 Delivery of Title. The Company shall have no obligation to issue or deliver
evidence of title for Shares issued under the Plan prior to: 
 (a) Obtaining any approvals from governmental agencies that
the Company determines are necessary or advisable; and 
 (b) Completion of any registration or other qualification of the
Shares under any applicable national or foreign law or ruling of any governmental body that the Company determines to be necessary or advisable. 

15.4 Investment Representations. The Committee may require any Participant receiving Shares pursuant to an Award to represent
and warrant in writing that the Participant is acquiring the Shares for investment and without any present intention to sell or distribute such Shares. 

15.5 Uncertificated Shares. To the extent that this Plan provides for issuance of certificates to reflect the issuance or
transfer of Shares, the transfer of such Shares may be affected on a noncertificated basis, to the extent not prohibited by applicable law or the rules of any stock exchange. 

15.6 Unfunded Plan. Participants shall have no right, title, or interest whatsoever in or to any investments that the Company
and/or its Subsidiaries may make to aid it in meeting its obligations under the Plan. Nothing contained in the Plan, and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary
relationship between the Company and/or its Subsidiaries and any Participant, beneficiary, legal representative, or any other person. To the extent that any person acquires a right to receive payments from the Company and/or its Subsidiaries under
the Plan, such right shall be no greater than the right of an unsecured general creditor of the Company. All payments to be made hereunder shall be paid from the general funds of the Company and no special or separate fund shall be established and
no segregation of assets shall be made to assure payment of such amounts except as expressly set forth in the Plan. The Plan is not intended to be subject to ERISA. 

15.7 No Fractional Shares. No fractional Shares shall be issued or delivered pursuant to the Plan or any Award. The Committee
shall determine whether cash or other property shall be issued or paid in lieu of fractional Shares or whether such fractional Shares or any rights thereto shall be forfeited or otherwise eliminated. 

15.8 Retirement and Welfare Plans. The Awards under this Plan will not be included as “compensation” for purposes of
computing benefits payable to any Participant under the Company’s retirement plans (both qualified and nonqualified) or welfare benefit plans unless such other plan expressly provides that such compensation shall be taken into account in
computing a Participant’s benefit. 
 15.9 Transferability. Notwithstanding any provision of this Plan or any Award
Agreement to the contrary, Shares issued upon the exercise of Awards hereunder shall be subject to all restrictions on transfer applicable to Shares of Company Stock, generally, including the provisions of Section 5.04 of the Company’s
Bylaws and any other restriction that may hereafter be so imposed. 

  
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 ARTICLE 16. 

LEGAL CONSTRUCTION 

16.1 Gender and Number. Except where otherwise indicated by the context, any masculine term used herein also shall include the
feminine, the plural shall include the singular, and the singular shall include the plural. 
 16.2 Severability. In the event
any provision of the Plan shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not
been included. 
 16.3 Requirements of Law. The granting of Awards and the issuance of Shares under the Plan shall be subject
to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies as may be required. The Company shall receive the consideration required by law for the issuance of Awards under the Plan. 

The inability of the Company to obtain authority from any regulatory body having jurisdiction, which authority is deemed by the Company’s
counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve the Company of any liability in respect of the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

 16.4 Securities Law Compliance. The Company may use reasonable endeavors to effect compliance with the requirements of
applicable federal and state securities laws. 
 16.5 Governing Law. This Plan and each Award Agreement shall be governed by
the laws of the State of Wisconsin, excluding any conflicts or choice of law rule or principle that might otherwise refer construction or interpretation of the Plan to the substantive law of another jurisdiction. Unless otherwise provided in the
Award Agreement, recipients of an Award under the Plan are deemed to submit to the exclusive jurisdiction and venue of the federal or state courts of Wisconsin, to resolve any and all issues that may arise out of or relate to the Plan or any related
Award Agreement. 

  
 19

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