Document:

EX-10.25

 Exhibit 10.25 

Hancock Holding Company 
  

 
 One Hancock Plaza 

Post Office Box 4019 
 Gulfport, Mississippi 39502

 1-855-404-5465 

Re: Performance Stock Award 

The Board of Directors of Hancock Holding Company (the “Company”) is pleased to inform you of your grant of a Performance Stock Award
(“Award”), upon the terms and subject to the conditions of this Award Agreement and Appendix A which is attached hereto and made a part hereof by this reference. 

1. Award. This Award grants you the opportunity to receive the number of shares of Common Stock of the Company set forth above as
Performance Shares Awarded (the “Target Shares”). The number of shares actually payable to you under this Award is contingent on the results of the relative Performance Factor (as defined in Appendix A) during the Performance Period, as
measured against the comparator “Peer Group” and on any Negative Discretion factor applied in the Committee’s discretion, as further explained in this Agreement and in Appendix A. The grant date, the Performance Period and other
applicable terms of your Performance Stock Award constitute a part of this Award Agreement and are set forth and described in Appendix A. 

2. Plan/Committee. This Award is made under the Hancock Holding Company 2014 Long Term Incentive Plan (the “Plan”). The
Plan is administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”), which has authority to make certain determinations as to the terms of the awards granted under the Plan. Any interpretation of
this Award by the Committee and any decision made by it with respect to this Award are final and binding on all persons. 
 In addition to
this Award Agreement and Appendix A, the Award granted to you hereunder is subject to the terms and conditions set forth in the Plan; and in the event of any conflict between the provisions of this Award Agreement, including Appendix A, and the
Plan, the Plan shall control. Your Award is also subject to all interpretations, amendments, rules and regulations promulgated by the Committee from time to time pursuant to the Plan. Except where the context clearly implies or indicates the
contrary, a word, term, or phrase used in the Plan has the same meaning when used in this Award Agreement. 
 3. Awarded
Shares/Issuance of Shares. At the end of the Performance Period, the number of the Target Shares to be awarded to you (the “Awarded Shares”) will be determined by the Committee based on the Performance Factor and in accordance with
the methodology set forth in Appendix A and shall become vested. Except to the extent you elected prior to the granting of this Award to defer all or any portion of the Awarded Shares pursuant to the provisions of the Hancock Holding Company
Nonqualified Deferred Compensation Plan, the Awarded Shares shall be issued in your name upon such vesting, but the “net” Awarded Shares shall be held in escrow during the Post Vest Holding Period, until such shares become distributable as
provided in Section 8 below. For this purpose, “net” Awarded Shares shall mean the number of Awarded Shares in which you have become vested, reduced by the number of such shares, if any, withheld by the Company to cover the withholding
taxes as set forth in Section 5. You will not be required to pay an issue price to the Company in exchange for the Awarded Shares. 
 The
Committee has designated the Corporate Trust Department of Whitney Bank (the “Custodian”) to serve as custodian of the “net” Awarded Shares during the Post Vest Holding Period. By your acceptance of this Award Agreement, you
hereby appoint the Custodian as your attorney-in-fact with full power and authority to transfer, assign and convey to the Company any of the Awarded Shares forfeited during the Post Vest Holding Period as provided herein. 

 4. Termination of Service. Except as otherwise specifically provided in this
Section, you must remain in the service of the Company or one of its subsidiaries either as an associate, if this Award was granted to you as an associate, or as a member of the Board of Directors, if the Award is granted to you as a director,
throughout the Performance Period to vest in and be entitled to receive the shares of Common Stock under this Award. This Award shall automatically terminate in the event of your termination of employment or other service with the Company, for any
reason other than (a) due to your death, Disability or normal retirement or (b) following a Change in Control as provided in 7(b) below, at any time prior to the end of the Performance Period. In the event of such termination, all Target Shares
shall be forfeited and all obligations of the Company to you under this Award shall become void and of no further effect. 
 In the event
your employment or other service with the Company and its subsidiaries is terminated due to your Disability or normal retirement during the Performance Period, you will vest in and be entitled to a pro rata portion of the Awarded Shares as
determined at the end of the Performance Period as provided in Appendix A, based on your number of full months of service during the Performance Period prior to your termination. Said shares shall be issued to you as provided in Section 8(c)
within two and one-half (2 1⁄2) months following the close of the Performance Period as if you had remained employed or otherwise in the service of the Company
until the end of the Performance Period, and the shares issued to you shall be subject to the withholding provisions of Section 5 hereof, if applicable. 

In the event of your death during the Performance Period, your beneficiary, or your estate if you have not designated a beneficiary, shall be
entitled to a pro rata portion of the number of Target Shares awarded under this Agreement, based on your number of full months of service during the Performance Period prior to your death. Said shares shall be issued to your beneficiary or
estate in accordance with the provisions of Section 8(c) as soon as practicable following your death, but in no event more than ninety (90) days thereafter, and shall be subject to the withholding provisions of Section 5 hereof, if applicable. 

Disability for purposes of this Section shall have the same meaning as in Section 7(b) below. Normal retirement for purposes of this Award
shall mean your termination of employment or other service with the Company and each of its subsidiaries, for any reason except termination for “Cause,” after you have attained the age of sixty-five (65). For this purpose,
“Cause” shall have the same meaning as provided in Section 7(b) below. 
 5. Tax Withholding. Upon the vesting of the
Awarded Shares under the terms of this Award Agreement, you (or your estate or beneficiary in the event of your death) must remit to the Company an amount equal to the Company’s federal, state and local tax withholding obligation applicable
thereto or, alternatively, instruct the Committee to withhold a portion of such shares to cover the Company’s withholding obligation. In the event no such remittance or instruction is received prior to the date the shares vest (or such earlier
date as may be set by the Committee), the Company shall automatically withhold a portion of the shares with a fair market value equal to the Company’s withholding obligation. 

6. Shareholder Rights/Restrictions on Transfer. You have no rights as a shareholder with respect to the shares of Common
Stock subject to this Award during the Performance Period or at any time until your become vested in the Target Shares, or any portion thereof. You shall not be entitled to any dividends or dividend equivalents and shall not be entitled to vote
any portion of the Target Shares unless and until such time as the Target Shares, or any portion thereof become vested. 
 Once you become
vested in the Awarded Shares, you will become entitled to receive dividends on and to vote the Awarded Shares from and after the date on which such Awarded Shares become vested. However, during the Post Vest Holding Period (as defined in
Section 8 below) you may not encumber or sell the Awarded Shares and you may not transfer the Awarded Shares except pursuant to your will or under the laws of descent and distribution. 

7. Change in Control. Notwithstanding any other provision of this Award Agreement, in the event of the occurrence of a
Change in Control (as defined in the Plan and Prospectus) during the Performance Period and while you are employed by the Company, the following provisions shall determine the extent, if any, to which you are entitled to receive any portion of the
Target Shares: 

 (a) If a Change in Control occurs during the one-year period beginning on the first day of the
Performance Period, this Award shall terminate, no portion of the Target Shares will be vested and awarded to you, and all obligations of the Company to you under this Award Agreement shall be void and of no further effect. 

(b) If a Change in Control occurs at any other time during the Performance Period, you shall be entitled to a pro-rata portion of the Awarded
Shares determined under the provisions of Appendix A based on actual performance results for the portion of the Performance Period ending on the date of the Change in Control. Such shares will vest at the end of the Performance Period as otherwise
provided herein, provided you remain in the service of the Company or its subsidiaries (or the surviving entity in such Change in Control) either as an associate or as a member of the Board of Directors, as applicable, throughout the Performance
Period. However, if within the two-year period commencing on the closing date of such Change in Control your employment is involuntarily terminated for any reason other than “Cause,” or is terminated due to your Disability, or if you
terminate your employment for “Good Reason,” such shares will be issued to you as soon as feasible following your termination of employment, but in no event more than ninety (90) days after the date of your termination of employment,
subject to the withholding provisions of Section 5. For purposes of this provision, the following definitions shall apply: 
  

	 	(1)	“Cause” shall mean (i) your commitment of an intentional act of fraud, embezzlement, or theft in the course of your employment or other engagement in any intentional misconduct or gross negligence which is
materially injurious to Company’s business, financial condition or business reputation; (ii) your commitment of intentional damage to the property of Company or your intentional wrongful disclosure of confidential information which is
materially injurious to Company’s business, financial condition or business reputation; (iii) your intentional refusal to perform the material duties of your position, without cure, or the beginning of cure, within five (5) days of written
notice from Company; (iv) commitment of a material breach of an employment agreement with the Company (if any); (v) your failure to show up at Company’s offices on a daily basis, subject to permitted vacations and absences for illness, without
cure, or the beginning of cure, within five (5) days of written notice from Company; or (vi) your entry of a guilty plea or a plea of no contest with regard to any felony. Any reference to Company in the preceding sentence includes each of its
subsidiaries. 

  

	 	(2)	“Good Reason” shall mean a reduction of more than 10% in your base salary, a transfer to a position with a pay grade more than two pay grades below your current position or a transfer to a jobsite more than 35
miles from your current jobsite. However, none of such actions shall constitute “Good Reason” unless (i) you provide the Company notice of the existence of such condition within ninety (90) days of the initial existence thereof
specifically identifying the acts or omissions constituting the grounds for Good Reason and a period of at least thirty (30) days following such notice within which to remedy such condition, and (ii) your termination occurs within the two-year
period following the initial existence of such condition. 

  

	 	(3)	“Disability” shall mean such disability as defined in the long-term disability plan or policy maintained (or most recently maintained) for your benefit by the Company or any subsidiary of the Company. If no
such plan or policy has ever been maintained on your behalf, Disability shall be the condition as described in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended. 

 

	 	(4)	In the event a Change in Control Employment Agreement between you and the Company is in effect at the time of the Change in Control, “Cause”, “Good Reason” and “Disability” shall have the
same respective meanings as provided in such Change in Control Employment Agreement in lieu of the definitions contained herein. 

Notwithstanding the preceding, in the event the surviving entity in a Change in Control does not assume the Company’s obligations under
the Plan and this Agreement or convert your rights hereunder into equivalent rights to equity in the surviving entity in connection with such Change in Control, the Board of Directors of the Company may, in its discretion, provide for the
“net” Awarded Shares to be issued to you within ninety (90) days of the closing date of such Change in Control whether or not your employment with the Company and its subsidiaries is terminated. 

 8. Post Vest Holding Period/Distribution. 

(a) Except as otherwise provided in this Section, the “net” Awarded Shares in which you become vested in accordance with the
provisions of this Award Agreement shall be held in escrow by the custodian as provided in Section 3 and subject to the transfer restrictions as provided in Section 6 for the two-year period beginning on the last day of the Performance Period and
ending on the second anniversary thereof (the “Post Vest Holding Period”). However, the Post Vest Holding Period shall be earlier terminated upon the occurrence of the following events: 

 

	 	(i)	Upon your death or Disability during the Post Vest Holding Period. 

  

	 	(ii)	Upon a Change in Control which occurs during the Post Vest Holding Period. 

 The
“net” Awarded Shares will be released from escrow and delivered to you within the thirty (30) day period immediately following the close of the Post Vest Holding Period, or the early termination thereof, if applicable. 

(b) The Post Vest Holding Period shall not apply, under the following circumstances: 

 

	 	(i)	If the Awarded Shares vest and are issued in accordance with Section 4 due to your death, Disability or normal retirement during the Performance Period. 

 

	 	(ii)	If the Awarded Shares vests in connection with your termination of employment with the Company and its subsidiaries, or in the Company’s discretion based on the surviving entity’s failure to assume the
obligations hereunder, following a Change in Control which occurs during the Performance Period as provided in Section 7. 

(c) All shares issued to you pursuant to this Award, whether upon termination of the Post Vest Holding Period as provided in 9(a) or upon the
occurrence of any of the events under 8(b) above, shall be issued in your name in a Direct Registration System (DRS) book entry. However, you may request that all “net” Awarded Shares be issued in a certificate and forwarded to you in lieu
of a DRS book entry. 
 9. Clawback. The Awarded Shares awarded hereunder are subject to the Company’s Clawback Policy
and, as a result, all or any portion thereof, may be forfeited by you, if unvested, or recovered (whether or not still held in escrow), together with any gain that you may have realized thereon, by the Company if, in the opinion of the independent
directors of the Company, (a) the financial statements of the Company are restated, in whole or in part, due to the intentional fraud or misconduct of the Company’s executive officers, and (b) you were engaged in such misconduct. In
addition, the Awarded Shares are also subject to any clawback policies the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer Protection Act and any resulting rules issued by
the SEC or national securities exchanges thereunder, if applicable. 
 10. Section 409A. Except as otherwise may be
affected by the provisions of Section 4 regarding normal retirement and Disability, any amounts that may be earned pursuant to this Award Agreement are intended to be exempt from the application of Section 409A of the Internal Revenue Code of 1986,
as amended, by reason of the short-term deferral exemption under applicable Treasury Regulations. This Award shall be administered, interpreted and construed to carry out such intention, including amending the terms of the Award and this Award
Agreement without your consent if deemed necessary, and any provision hereof that cannot be so administered, interpreted and construed shall be disregarded. 

With respect to shares to be issued hereunder in the event of your normal retirement or Disability, the provisions hereof regarding such
issuance are intended to comply with the provisions of Section 409A and shall be administered, interpreted and construed to carry out such intention, including amending the terms of the Award and this Award Agreement without your consent if deemed
necessary, and any provision hereof that cannot be so administered, interpreted and construed shall be disregarded. In no event shall the issuance of such shares be accelerated or deferred, except as may be allowed in accordance with the
provisions of Section 409A. 

 In no event, however, does the Company represent, warrant or guarantee that any amount that may
be earned hereunder will not be includible in your gross income pursuant to Section 409A of the Code, nor does the Company make any other representation, warranty or guaranty to you as to the tax consequences of this Award. 

11. Restrictive Covenants. This grant is conditioned upon your agreement to the covenants set forth in this Section 11 and
your acceptance of this grant indicates your acknowledgement and acceptance of, and agreement to be bound by, such covenants. 
 (a)
Non-Solicitation of Customers. You covenant and agree that during the term of your employment by the Company or any of its subsidiaries and for a period of twelve (12) months thereafter (the “Covenant Period”) within the
counties and/or parishes in which the Company or a subsidiary thereof engages in business and has customers, which includes those in which there is a branch or office and any contiguous county or parish, which counties and parishes are specifically
identified in Exhibit I hereto, (the “Covenant Territory”), you will not divert or attempt to divert business from the Company or any of its subsidiaries by influencing or attempting to influence, soliciting or attempting to solicit,
accepting business from, engaging in business with, or otherwise communicating about potential or actual business with any customers of the Company or any of its subsidiaries or any particular customer with whom the Company or any subsidiary thereof
had business contacts at any time during the one-year period immediately preceding your termination of employment or with whom you may have dealt at any time during your employment by the Company or a subsidiary thereof. 

(b) Non-Solicitation of Employees. You further covenant and agree that during the Covenant Period, you will not recruit,
solicit, hire, attempt to hire or assist any other person to hire any employee of the Company or any subsidiary thereof or any person who was an employee of the Company or any subsidiary thereof during the one-year period immediately preceding your
termination of employment. 
 (c) Confidentiality. During your employment with the Company or any of its subsidiaries, you will
have access to Confidential Information of the Company and its subsidiaries. For this purpose, “Confidential Information” shall include, without limitation, the identity of customers, personal customer data, strategic plans, sales data and
sales strategy, methods, products, procedures, processes, techniques, financial information, vendor and supplier lists, pricing policies, and other confidential, business, competitive, and proprietary information concerning or related to the Company
and/or its subsidiaries and their respective businesses, operations, financial conditions, results of operations, competitive positions and prospects (collectively “Confidential Information”). By your acceptance of this grant, you
acknowledge your understanding that (i) such Confidential Information and the ability of the Company and its subsidiaries to reserve such Confidential Information for their respective and exclusive knowledge and use is of great competitive
importance and commercial value to the Company and its subsidiaries; (ii) the Company has taken and will continue to take actions to protect the Confidential Information; and (iii) the provisions of this Section are reasonable and necessary to
prevent the improper use or disclosure of such Confidential Information. Accordingly, you agree that during the term of your employment with the Company or any of its subsidiaries and, following the termination of such employment, until such time as
the Confidential Information becomes generally available to the public through no fault of your own or other person under a duty of confidentiality to the Company thereof, you will not, except as required by law or legal process, in any capacity,
use or disclose, or cause to be used or disclosed, any Confidential Information you acquired while employed by the Company or any of its subsidiaries. Nothing in this Award Agreement, however, shall be construed to limit or negate the law of torts
or trade secrets where it provides the Company with broader protection than that provided herein. 
 (d) Remedies. In the event
of any breach by you of any of the covenants under this Section 11, any Restricted Shares which have not become vested shall be immediately forfeited to the Company. In addition, the Company shall be entitled to injunctive and other equitable relief
(without the necessity of showing actual monetary damages or of posting any bond or other security): (i) restraining and enjoining any act which would constitute a breach, or (ii) compelling the performance of any obligation which, if not performed,
would constitute a breach, as well as any other remedies available to the Company, including monetary damages. You agree to provide, upon the Company’s request, reasonable assurances and evidence of compliance with the restrictive covenants set
forth herein. If any court of competent jurisdiction shall deem any provision of the covenants too 

 
restrictive, the other provisions shall stand, and the court shall modify the unduly restrictive provision to the point of greatest restriction permissible by law. The restrictive covenants
set forth in this Section shall survive the termination of this Award Agreement, the forfeiture of any Restricted Shares, and the termination of your employment with the Company and all of its subsidiaries for any reason. 

12. Miscellaneous Provisions. Before accepting this Award, you should review the Plan and Prospectus. You may access
copies of these documents from the link provided in this notification. You should pay particular attention to the Plan since it sets forth other provisions which cover your Award. Also, you should note that the acceptance of your Award means
that you have agreed to take any reasonable action required to meet the requirements imposed by federal and state securities and other laws, rules or regulations and by any regulatory agencies having jurisdiction and you have agreed to allow the
Company to withhold from any payments made to you, or to collect as a condition of payment, any taxes required by law to be withheld because of this Award. The Prospectus contains an explanation of certain federal income tax consequences and is
current as of the date of the Prospectus. However, since tax laws often change, you should consult your tax advisor for current information at any given time. 

This Award Agreement is required by the Plan. This Award Agreement is binding upon, and inures to the benefit of, the Company and its
successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. Your rights hereunder are personal to you and may not be
assigned to any other person or persons. This Award Agreement is binding on you and your beneficiaries, heirs and personal representatives. 

Your electronic acceptance of this Performance Stock Award indicates your express agreement to be bound by the covenants, including the
non-solicitation provisions in Section 11 of the Award Agreement, and the terms and provisions of this grant. 
 Again, we congratulate
you on your Award. Thank you for your service to Hancock Holding Company. 

 APPENDIX A 

PERFORMANCE STOCK AWARD AGREEMENT 

(Relative Total Shareholder Return Performance Measure) 

Grant Date: January 2, 2015 
 Performance Period:
January 1, 2016 through December 31, 2018 
 Relative Factors for Determining Amount Payable Pursuant to Performance Stock Award 

The number of actual shares of Common Stock payable under the Performance Stock Award (the “Awarded Shares”) will be based on the results of the
following relative performance factor (“Performance Factor”) during the Performance Period, as measured against the comparator “Peer Group,” and as reduced, in the Committee’s sole discretion, by Negative Discretion: 

Total Shareholder Return (TSR). Total Shareholder Return means the trailing 30-trading day average stock price for the period
ending December 31, 2015 compared to the trailing 30-trading day average stock price for the period ending December 31, 2018 for the Company and each company in the Peer Group, computed assuming the reinvestment of all dividends paid during the
Performance Period. The trailing 30-trading day average stock price will be determined by averaging the closing stock price for each day during the trailing 30-trading day period ending on the applicable December 31. 

Peer Group. The “Peer Group” is made up of the following: 
  

							
	 Company
	  	 Ticker
	  	 Company
	  	 Ticker

	 Associated Banc-Corp
	  	ASBC	  	 KeyCorp.
	  	KEY
	 BancorpSouth, Inc.
	  	BXS	  	 M&T Bank Corporation
	  	MTB
	 Bank of Hawaii Corporation
	  	BOH	  	 MB Financial Inc.
	  	MBFI
	 BankUnited, Inc.
	  	BKU	  	 New York Community Bancorp Inc.
	  	NYCB
	 BOK Financial Corporation
	  	BOKF	  	 Old National Bancorp.
	  	ONB
	 Capitol Federal Financial, Inc.
	  	CFFN	  	 People’s United Financial Inc.
	  	PBCT
	 CIT Group Inc.
	  	CIT	  	 PrivateBancorp, Inc.
	  	PVTB
	 Comerica Incorporated
	  	CMA	  	 Prosperity Bancshares Inc.
	  	PB
	 Commerce Bancshares, Inc.
	  	CBSH	  	 Signature Bank
	  	SBNY
	 Cullen/Frost Bankers, Inc.
	  	CFR	  	 SVB Financial Group
	  	SIVB
	 East West Bancorp, Inc.
	  	EWBC	  	 Synovus Financial Corporation
	  	SNV
	 Federal Agricultural Mortgage Corp.
	  	AGM	  	 TCF Financial Corporation
	  	TCB
	 First Citizens Bancshares Inc.
	  	FCNCA	  	 Texas Capital BancShares Inc.
	  	TCBI
	 First Horizon National Corporation
	  	FHN	  	 TFS Financial Corp
	  	TFSL
	 First Midwest Bancorp Inc.
	  	FMBI	  	 Trustmark Corporation
	  	TRMK
	 First Republic Bank
	  	FRC	  	 UMB Financial Corporation
	  	UMBF
	 FirstMerit Corporation
	  	FMER	  	 Umpqua Holdings Corporation
	  	UMPQ
	 Flagstar Bancorp Inc.
	  	FBC	  	 Valley National Bancorp
	  	VLY
	 Fulton Financial Corporation
	  	FULT	  	 Washington Federal Inc.
	  	WAFD
	 Huntington Bancshares Incorporated
	  	HBAN	  	 Webster Financial Corp.
	  	WBS
	 IberiaBank Corp.
	  	IBKC	  	 Wintrust Financial Corporation
	  	WTFC
	 International Bancshares Corporation
	  	IBOC	  	 Zions Bancorporation
	  	ZION

 n = 44 

 A Peer Group member shall be removed if it is acquired during the Performance Period. 

Calculation of Performance 
 For the
Performance Factor, the performance for the Company and the Peer Group members will be determined and then the percentile ranking of the Company shall be determined as compared to the Peer Group. The Company’s Percentile Rank will be used
to determine the percentage, if any, of the Shares earned under the Performance Stock Award. 
 The table below shows the percentage of Shares to be issued
with respect to each Performance Stock Award at various performance levels: 
  

					
	 Average

Percentile Rank vs. Peer Group
	  	% of Shares Earned	 	Performance Level
	 < 25th
	  	0%	 	
	 25th
	  	50%	 	Threshold
	 50th
	  	100%	 	Target
	 3
75th
	  	200%	 	Maximum

 The number of performance shares earned will be interpolated on a linear basis between threshold-target and target-maximum
performance. For example, if the 
  

	 	•	 	Company’s relative TSR is at the 40th percentile, 80% of the shares subject to the target award will be issued 

 

	 	•	 	Company’s relative TSR is at the 60th percentile, 140% of the shares subject to the target award will be issued 

Determination of Award Shares/Application of Negative Discretion 

The number of Awarded Shares shall be equal to the performance shares earned as determined above, as such earned shares may be reduced by the
Committee, in its discretion, by Negative Discretion (as defined in the Plan). Negative Discretion factors that may be considered by the Committee in determining the Awarded Shares include the actual shareholder experience over the Performance
Period, such as, an actual negative return on an investment. 
 For example, if the actual TSR for the performance period was -5.0%, but
based on relative performance among the Peer Group, the Company ranked at the 91st percentile, the target award would vest at 200%. The Committee may be uncomfortable with this level of
payout given the negative shareholder experience over the Performance Period. The Committee in such a case may exercise its discretion to apply Negative Discretion to reduce the number of shares that vest to, for example, 150% of target to show
an understanding of both executive performance (significantly better relative performance in tough economic cycles) and shareholder experience (actual negative return on investment over period). 

Timing of Award Determination and Distribution 

Once performance results for the Company are known and approved by the auditors, the Committee will review and approve the final performance
results for the Performance Factor and determine the number of performance shares earned and the number of the Awarded Shares. The Awarded Shares will be distributed in accordance with the timing set forth in the Performance Stock Award
Agreement. 

 EXHIBIT I 

COVENANT TERRITORY FOR 

NON-SOLICITATION COVENANTS 
  

	 	•	 	Acadia Parish, Louisiana 

  

	 	•	 	Allen Parish, Louisiana 

  

	 	•	 	Ascension Parish, Louisiana 

  

	 	•	 	Assumption Parish, Louisiana 

  

	 	•	 	Avoyelles Parish, Louisiana 

  

	 	•	 	Bay Parish, Louisiana 

  

	 	•	 	Beauregard Parish, Louisiana 

  

	 	•	 	Bienville Parish, Louisiana 

  

	 	•	 	Bossier Parish, Louisiana 

  

	 	•	 	Caddo Parish, Louisiana 

  

	 	•	 	Calcasieu Parish, Louisiana 

  

	 	•	 	Caldwell Parish, Louisiana 

  

	 	•	 	Cameron Parish, Louisiana 

  

	 	•	 	Catahoula Parish, Louisiana 

  

	 	•	 	Claiborne Parish, Louisiana 

  

	 	•	 	Concordia Parish, Louisiana 

  

	 	•	 	De Soto Parish, Louisiana 

  

	 	•	 	East Baton Rouge Parish, Louisiana 

  

	 	•	 	East Carroll Parish, Louisiana 

  

	 	•	 	East Feliciana Parish, Louisiana 

  

	 	•	 	Evangeline Parish, Louisiana 

  

	 	•	 	Franklin Parish, Louisiana 

  

	 	•	 	Grant Parish, Louisiana 

  

	 	•	 	Iberia Parish, Louisiana 

  

	 	•	 	Iberville Parish, Louisiana 

	 	•	 	Jackson Parish, Louisiana 

  

	 	•	 	Jefferson Davis Parish, Louisiana 

  

	 	•	 	Jefferson Parish, Louisiana 

  

	 	•	 	Lafayette Parish, Louisiana 

  

	 	•	 	Lafourche Parish, Louisiana 

  

	 	•	 	La Salle Parish, Louisiana 

  

	 	•	 	Lincoln Parish, Louisiana 

  

	 	•	 	Livingston Parish, Louisiana 

  

	 	•	 	Madison Parish, Louisiana 

  

	 	•	 	Morehouse Parish, Louisiana 

  

	 	•	 	Natchitoches Parish, Louisiana 

  

	 	•	 	Orleans Parish, Louisiana 

  

	 	•	 	Ouachita Parish, Louisiana 

  

	 	•	 	Plaquemines Parish, Louisiana 

  

	 	•	 	Pointe Coupee Parish, Louisiana 

  

	 	•	 	Rapides Parish, Louisiana 

  

	 	•	 	Red River Parish, Louisiana 

  

	 	•	 	Richland Parish, Louisiana 

  

	 	•	 	Sabine Parish, Louisiana 

  

	 	•	 	St. Bernard Parish, Louisiana 

  

	 	•	 	St. Charles Parish, Louisiana 

  

	 	•	 	St. Helena Parish, Louisiana 

  

	 	•	 	St. James Parish, Louisiana 

  

	 	•	 	St. John The Baptist Parish, Louisiana 

  

	 	•	 	St. Landry Parish, Louisiana 

  

	 	•	 	St. Martin Parish, Louisiana 

  

	 	•	 	St. Mary Parish, Louisiana 

	 	•	 	St. Tammany Parish, Louisiana 

  

	 	•	 	Tangipahoa Parish, Louisiana 

  

	 	•	 	Tensas Parish, Louisiana 

  

	 	•	 	Terrebonne Parish, Louisiana 

  

	 	•	 	Union Parish, Louisiana 

  

	 	•	 	Vermilion Parish, Louisiana 

  

	 	•	 	Vernon Parish, Louisiana 

  

	 	•	 	Ville Platte Parish, Louisiana 

  

	 	•	 	Washington Parish, Louisiana 

  

	 	•	 	Walthall Parish, Louisiana 

  

	 	•	 	Webster Parish, Louisiana 

  

	 	•	 	West Baton Rouge Parish, Louisiana 

  

	 	•	 	West Carroll Parish, Louisiana 

  

	 	•	 	West Feliciana Parish, Louisiana 

  

	 	•	 	Winn Parish, Louisiana 

  

	 	•	 	Forrest County, Mississippi 

  

	 	•	 	George County, Mississippi 

  

	 	•	 	Hancock County, Mississippi 

  

	 	•	 	Harrison County, Mississippi 

  

	 	•	 	Hinds County, Mississippi 

  

	 	•	 	Jackson County, Mississippi 

  

	 	•	 	Jefferson Davis County, Mississippi 

  

	 	•	 	Lamar County, Mississippi 

  

	 	•	 	Lauderdale County, Mississippi 

  

	 	•	 	Lawrence County, Mississippi 

  

	 	•	 	Lee County, Mississippi 

  

	 	•	 	Madison County, Mississippi 

	 	•	 	Pearl River County, Mississippi 

  

	 	•	 	Rankin County, Mississippi 

  

	 	•	 	Stone County, Mississippi 

  

	 	•	 	Autauga County, Alabama 

  

	 	•	 	Baldwin County, Alabama 

  

	 	•	 	Butler County, Alabama 

  

	 	•	 	Crenshaw County, Alabama 

  

	 	•	 	Elmore County, Alabama 

  

	 	•	 	Houston County, Alabama 

  

	 	•	 	Jefferson County, Alabama 

  

	 	•	 	Maron County, Alabama 

  

	 	•	 	Mobile County, Alabama 

  

	 	•	 	Montgomery County, Alabama 

  

	 	•	 	Pike County, Alabama 

  

	 	•	 	Shelby County, Alabama 

  

	 	•	 	Bay County, Florida 

  

	 	•	 	Duval County, Florida 

  

	 	•	 	Escambia County, Florida 

  

	 	•	 	Flagler County, Florida 

  

	 	•	 	Hillsborough County, Florida 

  

	 	•	 	Jackson County, Florida 

  

	 	•	 	Jefferson County, Florida 

  

	 	•	 	Leon County, Florida 

  

	 	•	 	Manatee County, Florida 

  

	 	•	 	Okaloosa County, Florida 

  

	 	•	 	Pasco County, Florida 

  

	 	•	 	Pinellas County, Florida 

	 	•	 	Polk County, Florida 

  

	 	•	 	Santa Rosa County, Florida 

  

	 	•	 	Sarasota County, Florida 

  

	 	•	 	Volusia County, Florida 

  

	 	•	 	Walton County, Florida 

  

	 	•	 	Williamson County, Tennessee 

  

	 	•	 	Brazos County, Texas 

  

	 	•	 	Dallas County, Texas 

  

	 	•	 	Fort Bend, Texas 

  

	 	•	 	Harris County, Texas 

  

	 	•	 	Montgomery County, TexasEX-10.26

 Exhibit 10.26 

Hancock Holding Company 
  

 
 One Hancock Plaza 

Post Office Box 4019 
 Gulfport, Mississippi 39502

 1-855-404-5465 

Re: Performance Stock Award 

The Board of Directors of Hancock Holding Company (the “Company”) is pleased to inform you of your grant of a Performance Stock Award
(“Award”), upon the terms and subject to the conditions of this Award Agreement and Appendix A which is attached hereto and made a part hereof by this reference. 

1. Award. This Award grants you the opportunity to receive the number of shares of Common Stock of the Company set forth above as
Performance Shares Awarded (the “Target Shares”). The number of shares actually payable to you under this Award is contingent on the results of the Performance Factor (as defined in Appendix A) during the Performance Period, as further
explained in this Agreement and in Appendix A. The grant date, the Performance Period, the Vesting Period, and other applicable terms of your Performance Stock Award constitute a part of this Award Agreement and are set forth and described in
Appendix A. 
 2. Plan/Committee. This Award is made under the Hancock Holding Company 2014 Long Term Incentive Plan (the
“Plan”). The Plan is administered by the Compensation Committee of the Board of Directors of the Company (the “Committee”), which has authority to make certain determinations as to the terms of the awards granted under the Plan.
Any interpretation of this Award by the Committee and any decision made by it with respect to this Award are final and binding on all persons. 

In addition to this Award Agreement and Appendix A, the Award granted to you hereunder is subject to the terms and conditions set forth in the
Plan; and in the event of any conflict between the provisions of this Award Agreement, including Appendix A, and the Plan, the Plan shall control. Your Award is also subject to all interpretations, amendments, rules and regulations promulgated
by the Committee from time to time pursuant to the Plan. Except where the context clearly implies or indicates the contrary, a word, term, or phrase used in the Plan has the same meaning when used in this Award Agreement. 

3. Awarded Shares. At the end of the Performance Period, the number of the Target Shares to be awarded to you (the “Awarded
Shares”) will be determined by the Committee based on the Performance Factor and in accordance with the methodology set forth in Appendix A. However, you will not become entitled to such Awarded Shares until you become vested in such shares as
provided in Section 4 and such shares become distributable as provided in Section 10 below. 
 4. Vesting. You will become
vested in the Awarded Shares at the end of the Vesting Period set forth in Appendix A, provided you remain in the service of the Company or one of its subsidiaries either as an associate, if this Award was granted to you as an associate, or as a
member of the Board of Directors, if the Award is granted to you as a director, throughout the Performance Period and the Vesting Period, except as otherwise specifically provided in this Section. This Award shall automatically terminate in the
event of your termination of employment or other service with the Company, for any reason other than (a) due to your death, Disability or normal retirement as provided in Section 6 below or (b) following a Change in Control as provided in Section
9(b) below, at any time prior to the end of the Performance Period or the Vesting Period. In the event of such termination, all Target Shares and/or Awarded Shares shall be forfeited and all obligations of the Company to you under this Award
shall become void and of no further effect. 

 5. Issuance of Shares. Upon the vesting of the Awarded Shares as provided in
Section 4 above, except to the extent you elected prior to the granting of this Award to defer all or any portion of the Awarded Shares pursuant to the provisions of the Hancock Holding Company Nonqualified Deferred Compensation Plan, the Awarded
Shares shall be issued in your name. However, the “net” Awarded Shares shall be held in escrow during the Post Vest Holding Period, until such shares become distributable as provided in Section 10 below. For this purpose, “net”
Awarded Shares shall mean the number of Awarded Shares in which you have become vested, reduced by the number of such shares, if any, withheld by the Company to cover the withholding taxes as set forth in Section 7. You will not be required to pay
an issue price to the Company in exchange for the Awarded Shares. 
 The Committee has designated the Corporate Trust Department of Whitney
Bank (the “Custodian”) to serve as custodian of the “net” Awarded Shares during the Post Vest Holding Period. By your acceptance of this Award Agreement, you hereby appoint the Custodian as your attorney-in-fact with full power
and authority to transfer, assign and convey to the Company any of the Awarded Shares forfeited during the Post Vest Holding Period as provided herein. 

6. Death/Disability/Retirement. Notwithstanding the provisions for the vesting and issuance of Awarded Shares under Sections
4 and 5 above, in the event of the termination of your employment or other service with the Company and its subsidiaries during the Performance Period or the Vesting Period due to your death, Disability or normal retirement, the provisions of this
Section shall apply with respect to your Award under this Agreement. 
 (a) Disability or Normal Retirement. In the event
your employment or other service with the Company and its subsidiaries is terminated due to your Disability or normal retirement you will vest in and be entitled to: 
  

	 	(i)	If such termination occurs during the during the Performance Period, a pro rata portion of the Awarded Shares as determined at the end of the Performance Period as provided in Appendix A, based on your number of full
months of service during the Performance Period prior to your termination. Said shares shall be issued to you within two and one-half (2 1⁄2) months following
the close of the Performance Period as if you had remained employed or otherwise in the service of the Company until the end of the Performance Period. 

  

	 	(ii)	In the event such termination occurs following the Performance Period but prior to the end of the Vesting Period, a pro rata portion of your Awarded Shares, as determined at the end of the Performance Period, based on
your number of full months of service during the Vesting Period. 

 (b) Death. In the event of the
termination of you employment of other service with the Company and its subsidiaries due to your death during the Performance Period or the Vesting Period , your beneficiary, or your estate if you have not designated a beneficiary, will vest in and
be entitled to: 
  

	 	(i)	If your death occurs during the Performance Period, a pro rata portion of the number of Target Shares awarded under this Agreement, based on your number of full months service during the Performance Period prior to your
death. 

  

	 	(ii)	In the event your death occurs following the Performance Period but prior to the end of the Vesting Period, a pro rata portion of your Awarded Shares, as determined at the end of the Performance Period, based on your
number of full months of service during the Vesting Period. Said shares shall be issued to your beneficiary or estate as soon as practicable following your death, but in no event more than ninety (90) days thereafter. 

All distributions under this Section 6 due to your termination for death, Disability or normal retirement shall be made in accordance with the
provisions of Section 10(c) and shall be subject to the withholding provisions of Section 7 hereof, if applicable. 
 Disability for
purposes of this Section shall have the same meaning as in Section 9(b) below. Normal retirement for purposes of this Award shall mean your termination of employment or other service with the Company and each of its subsidiaries, for any reason
except termination for “Cause,” after you have attained the age of sixty-five (65). For this purpose, “Cause” shall have the same meaning as provided in Section 9(b) below. 

 7. Tax Withholding. Upon the vesting of the Awarded Shares under the terms of this
Award Agreement, you (or your estate or beneficiary in the event of your death) must remit to the Company an amount equal to the Company’s federal, state and local tax withholding obligation applicable thereto or, alternatively, instruct the
Committee to withhold a portion of such shares to cover the Company’s withholding obligation. In the event no such remittance or instruction is received prior to the date the shares vest (or such earlier date as may be set by the Committee),
the Company shall automatically withhold a portion of the shares with a fair market value equal to the Company’s withholding obligation. 

8. Shareholder Rights/Restrictions on Transfer. You have no rights as a shareholder with respect to the shares of Common
Stock subject to this Award during the Performance Period and/or the Vesting Period or at any time until your become vested in the Target Shares, or any portion thereof. You shall not be entitled to any dividends or dividend equivalents and
shall not be entitled to vote any portion of the Target Shares or Awarded Shares unless and until such time as the Target Shares or Awarded Shares, or any portion thereof become vested. 

Once you become vested in the Awarded Shares, you will become entitled to receive dividends on and to vote the Awarded Shares from and after
the date on which such Awarded Shares become vested. However, during the Post Vest Holding Period (as defined in Section 10 below) you may not encumber or sell the Awarded Shares and you may not transfer the Awarded Shares except pursuant to
your will or under the laws of descent and distribution. 
 9. Change in Control. Notwithstanding any other provision of
this Award Agreement, in the event of the occurrence of a Change in Control (as defined in the Plan and Prospectus) during the Performance Period or Vesting Period and while you are employed by the Company, the following provisions shall determine
the extent, if any, to which you are entitled to receive any portion of the Target Shares and the vesting thereof: 
 (a) If a Change in
Control occurs during the one-year period beginning on the first day of the Performance Period, this Award shall terminate, no portion of the Target Shares will be vested and awarded to you, and all obligations of the Company to you under this Award
Agreement shall be void and of no further effect. 
 (b) If a Change in Control occurs at any other time during the Performance Period, you
shall be entitled to a pro-rata portion of the Awarded Shares determined under the provisions of Appendix A based on actual performance results for the portion of the Performance Period ending on the date of the Change in Control. Such shares will
vest at the end of the Vesting Period as otherwise provided herein, provided you remain in the service of the Company or its subsidiaries (or the surviving entity in such Change in Control) either as an associate or as a member of the Board of
Directors, as applicable, throughout the Vesting Period. However, if within the two-year period commencing on the closing date of such Change in Control your employment is involuntarily terminated for any reason other than “Cause,” or is
terminated due to your Disability, or if you terminate your employment for “Good Reason,” such shares will vest and will be issued to you as soon as feasible following your termination of employment, but in no event more than ninety (90)
days after the date of your termination of employment, subject to the withholding provisions of Section 7. For purposes of this provision, the following definitions shall apply: 

 

	 	(1)	“Cause” shall mean (i) your commitment of an intentional act of fraud, embezzlement, or theft in the course of your employment or other engagement in any intentional misconduct or gross negligence which is
materially injurious to Company’s business, financial condition or business reputation; (ii) your commitment of intentional damage to the property of Company or your intentional wrongful disclosure of confidential information which is
materially injurious to Company’s business, financial condition or business reputation; (iii) your intentional refusal to perform the material duties of your position, without cure, or the beginning of cure, within five (5) days of written
notice from Company; (iv) commitment of a material breach of an employment agreement with the Company (if any); (v) your failure to show up at Company’s offices on a daily basis, subject to permitted vacations and absences for illness, without
cure, or the beginning of cure, within five (5) days of written notice from Company; or (vi) your entry of a guilty plea or a plea of no contest with regard to any felony. Any reference to Company in the preceding sentence includes each of its
subsidiaries. 

	 	(2)	“Good Reason” shall mean a reduction of more than 10% in your base salary, a transfer to a position with a pay grade more than two pay grades below your current position or a transfer to a jobsite more than 35
miles from your current jobsite. However, none of such actions shall constitute “Good Reason” unless (i) you provide the Company notice of the existence of such condition within ninety (90) days of the initial existence thereof
specifically identifying the acts or omissions constituting the grounds for Good Reason and a period of at least thirty (30) days following such notice within which to remedy such condition, and (ii) your termination occurs within the two-year
period following the initial existence of such condition. 

  

	 	(3)	“Disability” shall mean such disability as defined in the long-term disability plan or policy maintained (or most recently maintained) for your benefit by the Company or any subsidiary of the Company. If no
such plan or policy has ever been maintained on your behalf, Disability shall be the condition as described in Section 22(e)(3) of the Internal Revenue Code of 1986, as amended. 

 

	 	(4)	In the event a Change in Control Employment Agreement between you and the Company is in effect at the time of the Change in Control, “Cause”, “Good Reason” and “Disability” shall have the
same respective meanings as provided in such Change in Control Employment Agreement in lieu of the definitions contained herein. 

(c) The provisions of Section 9(b) above regarding the vesting and issuance of Awarded Shares in connection with certain terminations occurring
within the two-year period commencing on the closing date of a Change in Control shall also apply with respect to a Change in Control occurring following the Performance Period but before the end of the Vesting Period. 

Notwithstanding the preceding, in the event the surviving entity in a Change in Control does not assume the Company’s obligations under
the Plan and this Agreement or convert your rights hereunder into equivalent rights to equity in the surviving entity in connection with such Change in Control, the Board of Directors of the Company may, in its discretion, provide for the
“net” Awarded Shares to be issued to you within ninety (90) days of the closing date of such Change in Control whether or not your employment with the Company and its subsidiaries is terminated. 

10. Post Vest Holding Period/Distribution. 

(a) Except as otherwise provided in this Section, the “net” Awarded Shares in which you become vested in accordance with the
provisions of this Award Agreement shall be held in escrow by the custodian as provided in Section 5 and subject to the transfer restrictions as provided in Section 8 for the two-year period beginning on the last day of the Vesting Period and ending
on the second anniversary thereof (the “Post Vest Holding Period”). However, the Post Vest Holding Period shall be earlier terminated upon the occurrence of the following events: 

 

	 	(i)	Upon your death or Disability during the Post Vest Holding Period. 

  

	 	(ii)	Upon a Change in Control which occurs during the Post Vest Holding Period. 

 The
“net” Awarded Shares will be released from escrow and delivered to you within the thirty (30) day period immediately following the close of the Post Vest Holding Period, or the early termination thereof, if applicable. 

(b) The Post Vest Holding Period shall not apply, under the following circumstances: 

 

	 	(i)	If the Awarded Shares vest and are issued in accordance with Section 6 due to your death, Disability or normal retirement during the Performance Period or the Vesting Period. 

 

	 	(ii)	If the Awarded Shares vests in connection with your termination of employment with the Company and its subsidiaries, or in the Company’s discretion based on the surviving entity’s failure to assume the
obligations hereunder, following a Change in Control which occurs during the Performance Period or Vesting Period as provided in Section 9. 

 (c) All shares issued to you pursuant to this Award, whether upon termination of the Post Vest
Holding Period as provided in 10(a) or upon the occurrence of any of the events under 10(b) above, shall be issued in your name in a Direct Registration System (DRS) book entry. However, you may request that all “net” Awarded Shares be
issued in a certificate and forwarded to you in lieu of a DRS book entry. 
 11. Clawback. The Awarded Shares awarded hereunder
are subject to the Company’s Clawback Policy and, as a result, all or any portion thereof, may be forfeited by you, if unvested, or recovered (whether or not still held in escrow), together with any gain that you may have realized thereon, by
the Company if, in the opinion of the independent directors of the Company, (a) the financial statements of the Company are restated, in whole or in part, due to the intentional fraud or misconduct of the Company’s executive officers, and
(b) you were engaged in such misconduct. In addition, the Awarded Shares are also subject to any clawback policies the Company may adopt in order to conform to the requirements of Section 954 of the Dodd-Frank Wall Street Reform and Consumer
Protection Act and any resulting rules issued by the SEC or national securities exchanges thereunder, if applicable. 
 12. Section
409A. Except as otherwise may be affected by the provisions of Section 6 regarding normal retirement and Disability, any amounts that may be earned pursuant to this Award Agreement are intended to be exempt from the application of
Section 409A of the Internal Revenue Code of 1986, as amended, by reason of the short-term deferral exemption under applicable Treasury Regulations. This Award shall be administered, interpreted and construed to carry out such intention, including
amending the terms of the Award and this Award Agreement without your consent if deemed necessary, and any provision hereof that cannot be so administered, interpreted and construed shall be disregarded. 

With respect to shares to be issued hereunder in the event of your normal retirement or Disability, the provisions hereof regarding such
issuance are intended to comply with the provisions of Section 409A and shall be administered, interpreted and construed to carry out such intention, including amending the terms of the Award and this Award Agreement without your consent if deemed
necessary, and any provision hereof that cannot be so administered, interpreted and construed shall be disregarded. In no event shall the issuance of such shares be accelerated or deferred, except as may be allowed in accordance with the
provisions of Section 409A. 
 In no event, however, does the Company represent, warrant or guarantee that any amount that may be earned
hereunder will not be includible in your gross income pursuant to Section 409A of the Code, nor does the Company make any other representation, warranty or guaranty to you as to the tax consequences of this Award. 

13. Restrictive Covenants. This grant is conditioned upon your agreement to the covenants set forth in this Section 13 and
your acceptance of this grant indicates your acknowledgement and acceptance of, and agreement to be bound by, such covenants. 
 (a)
Non-Solicitation of Customers. You covenant and agree that during the term of your employment by the Company or any of its subsidiaries and for a period of twelve (12) months thereafter (the “Covenant Period”) within the
counties and/or parishes in which the Company or a subsidiary thereof engages in business and has customers, which includes those in which there is a branch or office and any contiguous county or parish, which counties and parishes are specifically
identified in Exhibit I hereto, (the “Covenant Territory”), you will not divert or attempt to divert business from the Company or any of its subsidiaries by influencing or attempting to influence, soliciting or attempting to solicit,
accepting business from, engaging in business with, or otherwise communicating about potential or actual business with any customers of the Company or any of its subsidiaries or any particular customer with whom the Company or any subsidiary thereof
had business contacts at any time during the one-year period immediately preceding your termination of employment or with whom you may have dealt at any time during your employment by the Company or a subsidiary thereof. 

(b) Non-Solicitation of Employees. You further covenant and agree that during the Covenant Period, you will not recruit,
solicit, hire, attempt to hire or assist any other person to hire any employee of the Company or any subsidiary thereof or any person who was an employee of the Company or any subsidiary thereof during the one-year period immediately preceding your
termination of employment. 

 (c) Confidentiality. During your employment with the Company or any of its
subsidiaries, you will have access to Confidential Information of the Company and its subsidiaries. For this purpose, “Confidential Information” shall include, without limitation, the identity of customers, personal customer data,
strategic plans, sales data and sales strategy, methods, products, procedures, processes, techniques, financial information, vendor and supplier lists, pricing policies, and other confidential, business, competitive, and proprietary information
concerning or related to the Company and/or its subsidiaries and their respective businesses, operations, financial conditions, results of operations, competitive positions and prospects (collectively “Confidential Information”). By your
acceptance of this grant, you acknowledge your understanding that (i) such Confidential Information and the ability of the Company and its subsidiaries to reserve such Confidential Information for their respective and exclusive knowledge and use is
of great competitive importance and commercial value to the Company and its subsidiaries; (ii) the Company has taken and will continue to take actions to protect the Confidential Information; and (iii) the provisions of this Section are reasonable
and necessary to prevent the improper use or disclosure of such Confidential Information. Accordingly, you agree that during the term of your employment with the Company or any of its subsidiaries and, following the termination of such employment,
until such time as the Confidential Information becomes generally available to the public through no fault of your own or other person under a duty of confidentiality to the Company thereof, you will not, except as required by law or legal process,
in any capacity, use or disclose, or cause to be used or disclosed, any Confidential Information you acquired while employed by the Company or any of its subsidiaries. Nothing in this Award Agreement, however, shall be construed to limit or negate
the law of torts or trade secrets where it provides the Company with broader protection than that provided herein. 
 (d)
Remedies. In the event of any breach by you of any of the covenants under this Section 13, any Restricted Shares which have not become vested shall be immediately forfeited to the Company. In addition, the Company shall be entitled to
injunctive and other equitable relief (without the necessity of showing actual monetary damages or of posting any bond or other security): (i) restraining and enjoining any act which would constitute a breach, or (ii) compelling the performance of
any obligation which, if not performed, would constitute a breach, as well as any other remedies available to the Company, including monetary damages. You agree to provide, upon the Company’s request, reasonable assurances and evidence of
compliance with the restrictive covenants set forth herein. If any court of competent jurisdiction shall deem any provision of the covenants too restrictive, the other provisions shall stand, and the court shall modify the unduly restrictive
provision to the point of greatest restriction permissible by law. The restrictive covenants set forth in this Section shall survive the termination of this Award Agreement, the forfeiture of any Restricted Shares, and the termination of your
employment with the Company and all of its subsidiaries for any reason. 
 12. Miscellaneous Provisions. Before accepting
this Award, you should review the Plan and Prospectus. You may access copies of these documents from the link provided in this notification. You should pay particular attention to the Plan since it sets forth other provisions which cover
your Award. Also, you should note that the acceptance of your Award means that you have agreed to take any reasonable action required to meet the requirements imposed by federal and state securities and other laws, rules or regulations and by any
regulatory agencies having jurisdiction and you have agreed to allow the Company to withhold from any payments made to you, or to collect as a condition of payment, any taxes required by law to be withheld because of this Award. The Prospectus
contains an explanation of certain federal income tax consequences and is current as of the date of the Prospectus. However, since tax laws often change, you should consult your tax advisor for current information at any given time. 

This Award Agreement is required by the Plan. This Award Agreement is binding upon, and inures to the benefit of, the Company and its
successors and assigns, and upon any person acquiring, whether by merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s assets and business. Your rights hereunder are personal to you and may not be
assigned to any other person or persons. This Award Agreement is binding on you and your beneficiaries, heirs and personal representatives. 

Your electronic acceptance of this Performance Stock Award indicates your express agreement to be bound by the covenants, including the
non-solicitation provisions in Section 13 of the Award Agreement, and the terms and provisions of this grant. 
 Again, we congratulate
you on your Award. Thank you for your service to Hancock Holding Company. 

 APPENDIX A 

PERFORMANCE STOCK AWARD AGREEMENT 

(Collective Core Earnings Per Share Performance Measure) 

Grant Date: January 2, 2016 
 Performance Period:
January 1, 2016 through December 31, 2017 
 Vesting Period: January 1, 2016 through December 31, 2018 

Factors for Determining Amount Payable Pursuant to Performance Stock Award 

The number of actual shares of Common Stock payable under the Performance Stock Award (the “Awarded Shares”) will be based on the results of the
following performance factor (“Performance Factor”) during the Performance Period and determined as of the last day of the Performance Period, as measured against the targeted goal: 

Collective Core Earnings Per Share (Core EPS). The total of the Core EPS for each of the calendar years in the Performance Period. Core
EPS means the Company’s earnings excluding the impact of any purchase accounting adjustments as well as any non-operating costs. 
  

											
	 	  	 	 	 	Performance Factor	  	 
	 Category
	  	Weight	 	 	Threshold
80%	  	Target
100%	  	Maximum
120%
	 Collective Core EPS
	  	 	100.00	% 	 		  		  	

 Calculation of Performance 

For the Performance Factor, the performance for the Company will be determined as of the last day of the Performance Period and then the % of
target achieved by the Company shall be determined. The Company’s % of target achieved will be used to determine the percentage, if any, of the shares of Common Stock earned under the Performance Stock Award. 

The table below shows the percentage of shares of Common Stock to be issued with respect to each Performance Stock Award at various performance levels: 

 

					
	 % of Target Achieved
	  	% of Shares Earned	 	Performance Level
	 < 80%
	  	0%	 	
	 80%
	  	50%	 	Threshold
	 100%
	  	100%	 	Target
	 3 120%
	  	200%	 	Maximum

 The number of performance shares earned will be interpolated on a linear basis between threshold-target and target-maximum
performance. For example, 
  

	 	•	 	If the Company’s Collective Core EPS is at the 90th percentile, 75% of the shares subject to the target award will be issued 

 

	 	•	 	If the Company’s Collective Core EPS is at the 110th percentile, 150% of the shares subject to the target award will be issued 

 Timing of Award Determination and Distribution 

Once performance results for the Company are known and approved by the auditors, the Committee will review and approve the final performance
results for the Performance Factor and determine the number of performance shares earned and the number of the Awarded Shares. The Awarded Shares will vest and will be distributed in accordance with the timing set forth in the Performance Stock
Award Agreement. 

 EXHIBIT I 

COVENANT TERRITORY FOR 

NON-SOLICITATION COVENANTS 
  

	 	•	 	Acadia Parish, Louisiana 

  

	 	•	 	Allen Parish, Louisiana 

  

	 	•	 	Ascension Parish, Louisiana 

  

	 	•	 	Assumption Parish, Louisiana 

  

	 	•	 	Avoyelles Parish, Louisiana 

  

	 	•	 	Bay Parish, Louisiana 

  

	 	•	 	Beauregard Parish, Louisiana 

  

	 	•	 	Bienville Parish, Louisiana 

  

	 	•	 	Bossier Parish, Louisiana 

  

	 	•	 	Caddo Parish, Louisiana 

  

	 	•	 	Calcasieu Parish, Louisiana 

  

	 	•	 	Caldwell Parish, Louisiana 

  

	 	•	 	Cameron Parish, Louisiana 

  

	 	•	 	Catahoula Parish, Louisiana 

  

	 	•	 	Claiborne Parish, Louisiana 

  

	 	•	 	Concordia Parish, Louisiana 

  

	 	•	 	De Soto Parish, Louisiana 

  

	 	•	 	East Baton Rouge Parish, Louisiana 

  

	 	•	 	East Carroll Parish, Louisiana 

  

	 	•	 	East Feliciana Parish, Louisiana 

  

	 	•	 	Evangeline Parish, Louisiana 

  

	 	•	 	Franklin Parish, Louisiana 

  

	 	•	 	Grant Parish, Louisiana 

  

	 	•	 	Iberia Parish, Louisiana 

  

	 	•	 	Iberville Parish, Louisiana 

	 	•	 	Jackson Parish, Louisiana 

  

	 	•	 	Jefferson Davis Parish, Louisiana 

  

	 	•	 	Jefferson Parish, Louisiana 

  

	 	•	 	Lafayette Parish, Louisiana 

  

	 	•	 	Lafourche Parish, Louisiana 

  

	 	•	 	La Salle Parish, Louisiana 

  

	 	•	 	Lincoln Parish, Louisiana 

  

	 	•	 	Livingston Parish, Louisiana 

  

	 	•	 	Madison Parish, Louisiana 

  

	 	•	 	Morehouse Parish, Louisiana 

  

	 	•	 	Natchitoches Parish, Louisiana 

  

	 	•	 	Orleans Parish, Louisiana 

  

	 	•	 	Ouachita Parish, Louisiana 

  

	 	•	 	Plaquemines Parish, Louisiana 

  

	 	•	 	Pointe Coupee Parish, Louisiana 

  

	 	•	 	Rapides Parish, Louisiana 

  

	 	•	 	Red River Parish, Louisiana 

  

	 	•	 	Richland Parish, Louisiana 

  

	 	•	 	Sabine Parish, Louisiana 

  

	 	•	 	St. Bernard Parish, Louisiana 

  

	 	•	 	St. Charles Parish, Louisiana 

  

	 	•	 	St. Helena Parish, Louisiana 

  

	 	•	 	St. James Parish, Louisiana 

  

	 	•	 	St. John The Baptist Parish, Louisiana 

  

	 	•	 	St. Landry Parish, Louisiana 

  

	 	•	 	St. Martin Parish, Louisiana 

  

	 	•	 	St. Mary Parish, Louisiana 

  

	 	•	 	St. Tammany Parish, Louisiana 

	 	•	 	Tangipahoa Parish, Louisiana 

  

	 	•	 	Tensas Parish, Louisiana 

  

	 	•	 	Terrebonne Parish, Louisiana 

  

	 	•	 	Union Parish, Louisiana 

  

	 	•	 	Vermilion Parish, Louisiana 

  

	 	•	 	Vernon Parish, Louisiana 

  

	 	•	 	Ville Platte Parish, Louisiana 

  

	 	•	 	Washington Parish, Louisiana 

  

	 	•	 	Walthall Parish, Louisiana 

  

	 	•	 	Webster Parish, Louisiana 

  

	 	•	 	West Baton Rouge Parish, Louisiana 

  

	 	•	 	West Carroll Parish, Louisiana 

  

	 	•	 	West Feliciana Parish, Louisiana 

  

	 	•	 	Winn Parish, Louisiana 

  

	 	•	 	Forrest County, Mississippi 

  

	 	•	 	George County, Mississippi 

  

	 	•	 	Hancock County, Mississippi 

  

	 	•	 	Harrison County, Mississippi 

  

	 	•	 	Hinds County, Mississippi 

  

	 	•	 	Jackson County, Mississippi 

  

	 	•	 	Jefferson Davis County, Mississippi 

  

	 	•	 	Lamar County, Mississippi 

  

	 	•	 	Lauderdale County, Mississippi 

  

	 	•	 	Lawrence County, Mississippi 

  

	 	•	 	Lee County, Mississippi 

  

	 	•	 	Madison County, Mississippi 

  

	 	•	 	Pearl River County, Mississippi 

  

	 	•	 	Rankin County, Mississippi 

	 	•	 	Stone County, Mississippi 

  

	 	•	 	Autauga County, Alabama 

  

	 	•	 	Baldwin County, Alabama 

  

	 	•	 	Butler County, Alabama 

  

	 	•	 	Crenshaw County, Alabama 

  

	 	•	 	Elmore County, Alabama 

  

	 	•	 	Houston County, Alabama 

  

	 	•	 	Jefferson County, Alabama 

  

	 	•	 	Maron County, Alabama 

  

	 	•	 	Mobile County, Alabama 

  

	 	•	 	Montgomery County, Alabama 

  

	 	•	 	Pike County, Alabama 

  

	 	•	 	Shelby County, Alabama 

  

	 	•	 	Bay County, Florida 

  

	 	•	 	Duval County, Florida 

  

	 	•	 	Escambia County, Florida 

  

	 	•	 	Flagler County, Florida 

  

	 	•	 	Hillsborough County, Florida 

  

	 	•	 	Jackson County, Florida 

  

	 	•	 	Jefferson County, Florida 

  

	 	•	 	Leon County, Florida 

  

	 	•	 	Manatee County, Florida 

  

	 	•	 	Okaloosa County, Florida 

  

	 	•	 	Pasco County, Florida 

  

	 	•	 	Pinellas County, Florida 

  

	 	•	 	Polk County, Florida 

  

	 	•	 	Santa Rosa County, Florida 

  

	 	•	 	Sarasota County, Florida 

	 	•	 	Volusia County, Florida 

  

	 	•	 	Walton County, Florida 

  

	 	•	 	Williamson County, Tennessee 

  

	 	•	 	Brazos County, Texas 

  

	 	•	 	Dallas County, Texas 

  

	 	•	 	Fort Bend, Texas 

  

	 	•	 	Harris County, Texas 

  

	 	•	 	Montgomery County, Texas

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00254-of-00352.parquet"}]]