Document:

Employment Agreement

 Exhibit 10 (iii) (A) 
 EMPLOYMENT AGREEMENT 
 THIS EMPLOYMENT AGREEMENT (the
“Agreement”) is made and entered into on this 2nd day of January, 2007 to be effective as of the 1st day
of January, 2007, by and between Bank of the Ozarks, Inc., an Arkansas corporation, (the “Corporation”), Bank of the Ozarks, a state chartered bank, (the “Bank”), and George G. Gleason, II, an individual and resident of Arkansas
(“Gleason”). 
 W I T N E S S E T H: 
 WHEREAS, the Corporation, Bank and Gleason are parties to an employment agreement dated January 3, 2006 to be effective as of January 1, 2006 (the “Existing Agreement”); 
 WHEREAS, the Boards of Directors of the Corporation and Bank (acting by and through their Personnel and Compensation Committees) believe that the future
services of Gleason will be of great value to the Corporation and Bank and, by this Agreement, propose to ensure his continued employment for a certain period as set forth below; 
 WHEREAS, Gleason hereby expresses his willingness to continue in the employment of the Corporation and Bank as is hereby provided; 
 NOW, THEREFORE, in consideration of the premises, the mutual covenants herein contained, and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Period of Active Employment. Gleason shall
continue in the active employment of the Corporation and Bank commencing on January 1, 2007 and ending on December 31, 2009 (the “Term”). 
 2. Duties. During the period of this contract, and subject to the limitations hereinafter expressed, Gleason agrees to serve the Corporation and Bank faithfully and to the best of his ability, under the
direction of the Boards of Directors of the Corporation and Bank, devoting his time, energy and skill to the management of the Corporation’s and Bank’s business. 
 3. Compensation. The Corporation and Bank agree to pay to Gleason during the term as defined in Section 1 above, as compensation for his
full-time services: 
 (a) An aggregate minimum base salary of Five Hundred Seventy-Five Thousand Dollars ($575,000) per annum from
January 1, 2007 through March 24, 2007 and Five Hundred Ninety-Two Thousand Two Hundred Fifty Dollars ($592,250) per annum thereafter. Gleason’s base salary will be evaluated and increased, if appropriate, each year thereafter for the
term of this contract by majority vote of the Personnel and Compensation Committees of the Boards of Directors of the Corporation and Bank, with members of the Gleason family or any other interested director abstaining. Consideration will be given
to increases in Gleason’s base salary based on, among other things, individual merit and performance, assigned duties and scope of responsibility and relative compensation of comparable positions within the industry. 

 (b) A bonus for each fiscal year during the term of this contract, the amount of which will be
subjectively determined by majority vote of the Personnel and Compensation Committees of the Boards of Directors of the Corporation and Bank, with members of the Gleason family or any other interested director abstaining. Such bonus will be based
on, among other things, individual merit and performance, taking into account Gleason’s contribution to the overall success of the Corporation and Bank and various measures of corporate performance including long-term growth in deposits, loans
and assets, return on average assets, return on average stockholders’ equity, net interest margin, overhead ratio, efficiency ratio, net charge-offs ratio, other measures of growth, earnings, asset quality and risk and other factors deemed
appropriate by the Personnel and Compensation Committees. Such bonus, if any, shall be payable to Gleason no later than the end of the first quarter of the succeeding fiscal year. 
 Additional benefits may be provided and additional equity based compensation may be paid Gleason from time to time by majority vote of the Personnel and Compensation Committees of the Boards of Directors of the
Corporation and Bank, with members of the Gleason family or any other interested director abstaining. Nothing herein shall prohibit Gleason from being reimbursed for reasonable and customary business expenses or from receiving an allowance
therefore. 
 4. Restrictive Covenant. Gleason expressly agrees, as a condition to the performance by the Corporation and Bank of
their obligations hereunder, that during the term of this Agreement he will not, directly or indirectly, enter into or in any manner take part in any business competitive with any business of the Corporation or Bank, without the prior written
consent of the Corporation and Bank. 
 5. Prohibition Against Assignment. Gleason shall have no right to commute, encumber or dispose
of the right to receive payments hereunder, which payments and the right thereto are expressly declared to be non-assignable and non-transferable and, in the event of any attempted assignment or transfer, neither the Corporation nor Bank shall have
any further liability hereunder. 
 6. Reorganization. Neither the Corporation nor the Bank shall merge or consolidate with any other
organization or organizations until such organization or organizations expressly assume the duties of the Corporation and Bank herein set forth. 
 7. Independence of Other Agreements. This Agreement is hereby declared to be independent of all other benefits and retirement or deferred compensation plans now or hereafter adopted by the Corporation or Bank, including the
Corporation’s stock option plan, Corporation’s and Bank’s 401(k) plan currently existing and Bank of the Ozarks, Inc. Deferred Compensation Plan adopted 12/14/04 and shall not, unless mutually agreed upon in writing, be supplanted or
replaced by any other such plan or agreement. 
 8. This Agreement replaces and supersedes in its entirety the Existing Agreement.

 IN WITNESS WHEREOF, the parties have executed this Agreement in duplicate original the day and year first above recited. 
  

					
	ATTEST:	  	BANK OF THE OZARKS, INC.
			
	 /s/ Donna Quandt
	  	By:	 	 /s/ Mark D. Ross

	 Donna Quandt, Corporate Secretary
	  		 	Mark D. Ross, President

					
	ATTEST:	  	BANK OF THE OZARKS
			
	 /s/ Donna Quandt
	  	By:	 	 /s/ Mark D. Ross

	 Donna Quandt, Corporate Secretary
	  		 	Mark D. Ross, President
		
		  	GEORGE G. GLEASON, II
		
		  	 /s/ George G. Gleason, II

		  	George G. Gleason, IIForm of Capital Security Certificate

 Exhibit 4.1 
 FORM OF CAPITAL SECURITY CERTIFICATE 
 [FORM OF FACE OF SECURITY] 
 THIS SECURITY HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY STATE SECURITIES LAWS OR ANY
OTHER APPLICABLE SECURITIES LAWS. NEITHER THIS SECURITY NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE REOFFERED, SOLD, ASSIGNED, TRANSFERRED, PLEDGED, ENCUMBERED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF SUCH REGISTRATION OR UNLESS SUCH
TRANSACTION IS EXEMPT FROM, OR NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES TO OFFER, SELL OR OTHERWISE TRANSFER SUCH SECURITY ONLY (A) TO THE DEBENTURE ISSUER
OR THE TRUST, (B) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A PERSON THE HOLDER REASONABLY BELIEVES IS A “QUALIFIED INSTITUTIONAL BUYER” AS DEFINED IN RULE 144A THAT PURCHASES FOR ITS OWN ACCOUNT OR
FOR THE ACCOUNT OF A QUALIFIED INSTITUTIONAL BUYER TO WHOM NOTICE IS GIVEN THAT THE TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (C) PURSUANT TO AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT TO AN “ACCREDITED
INVESTOR” WITHIN THE MEANING OF SUBPARAGRAPH (a) (1), (2), (3) OR (7) OF RULE 501 UNDER THE SECURITIES ACT THAT IS ACQUIRING THE SECURITY FOR ITS OWN ACCOUNT, OR FOR THE ACCOUNT OF SUCH AN “ACCREDITED INVESTOR,” FOR
INVESTMENT PURPOSES AND NOT WITH A VIEW TO, OR FOR OFFER OR SALE IN CONNECTION WITH, ANY DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, OR (D) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT,
SUBJECT TO THE DEBENTURE ISSUER’S AND THE TRUST’S RIGHT PRIOR TO ANY SUCH OFFER, SALE OR TRANSFER PURSUANT TO CLAUSES (C) OR (D) ABOVE TO REQUIRE THE DELIVERY OF AN OPINION OF COUNSEL, CERTIFICATION AND/OR OTHER INFORMATION
SATISFACTORY TO EACH OF THEM IN ACCORDANCE WITH THE AMENDED AND RESTATED DECLARATION OF TRUST, A COPY OF WHICH MAY BE OBTAINED FROM THE DEBENTURE ISSUER OR THE TRUST. THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES THAT IT WILL COMPLY
WITH THE FOREGOING RESTRICTIONS. 
 THE HOLDER OF THIS SECURITY BY ITS ACCEPTANCE HEREOF AGREES, REPRESENTS AND WARRANTS THAT IT WILL NOT
ENGAGE IN HEDGING TRANSACTIONS INVOLVING THIS SECURITY UNLESS SUCH TRANSACTIONS ARE IN COMPLIANCE WITH THE SECURITIES ACT. 
 THE HOLDER OF
THIS SECURITY BY ITS ACCEPTANCE HEREOF ALSO AGREES, REPRESENTS AND WARRANTS THAT IT IS NOT AN EMPLOYEE BENEFIT, INDIVIDUAL RETIREMENT ACCOUNT OR OTHER PLAN OR ARRANGEMENT SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF

  

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 1974, AS AMENDED (“ERISA”), OR SECTION 4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED (THE
“CODE”), (EACH A “PLAN”), OR AN ENTITY WHOSE UNDERLYING ASSETS INCLUDE “PLAN ASSETS” BY REASON OF ANY PLAN’S INVESTMENT IN THE ENTITY AND NO PERSON INVESTING “PLAN ASSETS” OF ANY PLAN MAY ACQUIRE OR HOLD
THIS SECURITY OR ANY INTEREST THEREIN, UNLESS SUCH PURCHASER OR HOLDER IS ELIGIBLE FOR THE EXEMPTIVE RELIEF AVAILABLE UNDER U.S. DEPARTMENT OF LABOR PROHIBITED TRANSACTION CLASS EXEMPTION 96-23, 95-60, 91-38, 90-1, 84-14, THE NON-FIDUCIARY SERVICE
PROVIDER EXEMPTION UNDER SECTION 408(B)(17) OF ERISA OR ANOTHER APPLICABLE EXEMPTION. 
 IN CONNECTION WITH ANY TRANSFER, THE HOLDER OF THIS
SECURITY WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS MAY BE REQUIRED BY THE AMENDED AND RESTATED DECLARATION OF TRUST TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

THIS SECURITY WILL BE ISSUED AND MAY BE TRANSFERRED ONLY IN BLOCKS HAVING A LIQUIDATION AMOUNT OF NOT LESS THAN $100,000 AND MULTIPLES OF $1,000 IN
EXCESS THEREOF. ANY ATTEMPTED TRANSFER OF THIS SECURITY IN A BLOCK HAVING A LIQUIDATION AMOUNT OF LESS THAN $100,000 SHALL BE DEEMED TO BE VOID AND OF NO LEGAL EFFECT WHATSOEVER. ANY SUCH PURPORTED TRANSFEREE SHALL BE DEEMED NOT TO BE THE HOLDER OF
THIS SECURITY FOR ANY PURPOSE, INCLUDING, BUT NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS SECURITY, AND SUCH PURPORTED TRANSFEREE SHALL BE DEEMED TO HAVE NO INTEREST WHATSOEVER IN THIS SECURITY. 
  

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	 Certificate Number [            ]
	  	Number of Capital Securities [            ]

 Certificate Evidencing Capital Securities 
 of 
 Beverly Hills Statutory Trust II 
 Floating Rate Capital Securities 
 (liquidation amount $1,000 per Capital Security) 
 Beverly Hills Statutory Trust II, a statutory trust created under the laws of
the State of Delaware (the “Trust”), hereby certifies that TFINN & CO. (the “Holder”) is the registered owner of 5,000 capital securities of the Trust representing undivided beneficial interests in the assets of the Trust,
designated the Floating Rate Capital Securities (liquidation amount $1,000 per Capital Security) (the “Capital Securities”). Subject to the Declaration (as defined below), the Capital Securities are transferable on the books and records of
the Trust, in person or by a duly authorized attorney, upon surrender of this Certificate duly endorsed and in proper form for transfer. The Capital Securities represented hereby are issued pursuant to, and the designation, rights, privileges,
restrictions, preferences and other terms and provisions of the Capital Securities shall in all respects be subject to, the provisions of the Amended and Restated Declaration of Trust of the Trust, dated as of December 28, 2006, among Larry B.
Faigin and Takeo Sasaki, as Administrators, Wilmington Trust Company, as Delaware Trustee, Wilmington Trust Company, as Institutional Trustee, Beverly Hills Bancorp Inc., as Sponsor, and the holders from time to time of undivided beneficial
interests in the assets of the Trust, including the designation of the terms of the Capital Securities as set forth in Annex I to the Declaration, as the same may be amended from time to time (the “Declaration”). Capitalized terms used
herein but not defined shall have the meaning given them in the Declaration. The Holder is entitled to the benefits of the Guarantee to the extent provided therein. The Sponsor will provide a copy of the Declaration, the Guarantee, and the Indenture
to the Holder without charge upon written request to the Sponsor at its principal place of business. 
 By acceptance of this Certificate,
the Holder is bound by the Declaration and is entitled to the benefits thereunder. 
 By acceptance of this Certificate, the Holder agrees to
treat, for United States federal income tax purposes, the Debentures as indebtedness and the Capital Securities as evidence of beneficial ownership in the Debentures. 
 This Certificate and the Capital Securities evidenced hereby are governed by, and shall be construed in accordance with, the laws of the State of Delaware, without regard to principles of conflict of laws. 

This Certificate may contain more than one counterpart of the signature page and this Certificate may be executed and authenticated by the affixing of
the signature of an 
  

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 Administrator on behalf of the Trust, and the signature of the Institutional Trustee providing authentication, to any of
such counterpart signature pages. All of such counterpart signature pages shall be read as though one, and they shall have the same force and effect as though the Trust had executed, and the Institutional Trustee had authenticated, a single
signature page. 
  

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 IN WITNESS WHEREOF, the Trust has duly executed this Certificate. 
  

			
	BEVERLY HILLS STATUTORY TRUST II
		
	By:	 	  

	Name:	 	Larry B. Faigin
	Title:	 	Administrator
		
	Dated:	 	  

 CERTIFICATE OF AUTHENTICATION 
 This Certificate represents Capital Securities referred to in the within-mentioned Declaration. 
  

			
	WILMINGTON TRUST COMPANY,
	not in its individual capacity but solely as the Institutional Trustee
		
	By:	 	  

		 	Authorized Officer
		
	Dated:	 	  

  

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 [FORM OF REVERSE OF SECURITY] 
 Distributions payable on each Capital Security will be payable at a variable per annum rate of interest, which, with respect to any Distribution Period
(as defined herein) will be equal to LIBOR (as defined in the Declaration) plus 1.78% (the “Coupon Rate”), such rate being the rate of interest payable on the Debentures to be held by the Institutional Trustee. Except as set forth below in
respect of an Extension Period, Distributions in arrears for more than one Distribution Period will bear interest thereon compounded quarterly at the applicable Coupon Rate for each such Distribution Period (to the extent permitted by applicable
law). The term “Distributions” as used herein includes cash distributions, any such compounded distributions and any Additional Interest payable on the Debentures unless otherwise stated. A Distribution is payable only to the extent that
payments are made in respect of the Debentures held by the Institutional Trustee and to the extent the Institutional Trustee has funds legally available in the Property Account therefor. The amount of Distributions payable for any Distribution
Period will be computed on the basis of a 360-day year and the actual number of days elapsed in the relevant Distribution Period. 
 Except
as otherwise described below, Distributions on the Capital Securities will be cumulative, will accrue from the date of original issuance and will be payable quarterly in arrears on March 6, June 6, September 6 and
December 6 of each year, commencing on March 6, 2007 (each, a “Distribution Payment Date”). The Debenture Issuer has the right under the Indenture to defer payments of interest on the Debentures by extending the interest payment
period for up to 20 consecutive quarterly periods (each, an “Extension Period”) at any time and from time to time on the Debentures, subject to the conditions described below. During any Extension Period, interest will continue to accrue
on the Debentures, and interest on such accrued interest (such accrued interest and interest thereon referred to herein as “Deferred Interest”) will accrue at an annual rate equal to the Coupon Rate in effect for each such Extension
Period, compounded quarterly from the date such Deferred Interest would have been payable were it not for the Extension Period, to the extent permitted by law. No Extension Period may end on a date other than a Distribution Payment Date. At the end
of any such Extension Period, the Debenture Issuer shall pay all Deferred Interest then accrued and unpaid on the Debentures; provided, however, that no Extension Period may extend beyond the Maturity Date, Redemption Date or Special
Redemption Date. Prior to the termination of any Extension Period, the Debenture Issuer may further extend such period, provided, that such period together with all such previous and further consecutive extensions thereof shall not exceed 20
consecutive quarterly periods, or extend beyond the Maturity Date, Redemption Date or Special Redemption Date. Upon the termination of any Extension Period and upon the payment of all Deferred Interest, the Debenture Issuer may commence a new
Extension Period, subject to the foregoing requirements. No interest or Deferred Interest (except any Additional Interest that may be due and payable) shall be due and payable during an Extension Period, except at the end thereof, but interest shall
accrue upon each installment of interest that would otherwise have been due and payable during such Extension Period until such installment is paid. If Distributions are deferred, the Distributions due shall be paid on the date that the related
Extension Period terminates to Holders of the Securities as they appear on the books and records of the Trust on the record date immediately preceding such date. Distributions on the Securities must be paid on the dates payable (after giving effect
to any Extension Period) to the extent that the Trust has funds legally available for the payment of such distributions in the Property Account of the Trust. The Trust’s funds available for Distribution to the Holders of the Securities will be

  

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 limited to payments received from the Debenture Issuer. The payment of Distributions out of moneys held by the Trust is
guaranteed by the Guarantor pursuant to the Guarantee. 
 The Capital Securities shall be redeemable as provided in the Declaration.

  

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 ASSIGNMENT 
 FOR VALUE RECEIVED, the undersigned assigns and transfers the Capital Securities evidenced by this Capital Security Certificate to: 
                                       
               
                                       
               
                                       
               
 (Insert assignee’s social security or tax identification
number) 
                                       
               
                                       
               
                                       
               
 (Insert address and zip code of assignee), 
 and irrevocably appoints
                                        
                                        
                                 as agent to transfer the Capital Securities evidenced
by this Capital Security Certificate on the books of the Trust. The agent may substitute another to act for it, him or her. 
 Date:
                                        

 Signature:
                                        

 (Sign exactly as your name appears on the other side of this Capital Security Certificate) 
 Signature Guarantee:1
                                        
                                 
  

	1	Signature must be guaranteed by an “eligible guarantor institution” that is a bank, stockbroker, savings and loan association or credit union meeting the
requirements of the Security registrar, which requirements include membership or participation in the Securities Transfer Agents Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Security registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

  

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