Document:

Amended and Restated Employment Agreement

 EXHIBIT 10.7(b) 
  
 AMENDED AND RESTATED 
 EMPLOYMENT AGREEMENT 
  
 This Agreement is effective November 11, 2004 (the “Effective Date”), by and between Starcraft Corporation, an Indiana corporation (“Employer”), and Joseph E. Katona, III (“Employee”). 
  
 W I T N E S S E T H 
  
 WHEREAS, Employee desires to serve Employer and each of its affiliates and
subsidiaries as Chief Financial Officer (“Job Responsibilities”); 
  
 WHEREAS, Employer desires to provide fair and reasonable benefits to Employee on the terms and subject to the conditions set forth in this Agreement; 
  
 WHEREAS, Employer desires reasonable protection of its confidential business and customer information and assurance that
Employee will not compete with Employer for a reasonable period of time after termination of his employment with Employer, except as otherwise provided herein. 
  

WHEREAS, Employer desires to assure the continued services of Employee on behalf of Employer on an objective and impartial basis and without
distraction or conflict of interest in the event of an attempt by any person to change Employee’s Job Responsibilities or to obtain control of Employer. 
  
 NOW, THEREFORE, in consideration of the mutual covenants and undertakings herein contained and the continued employment of Employee to perform Job
Responsibilities for Employer, Employer and Employee, each intending to be legally bound, covenant and agree as follows: 
  
 1. Upon the terms and subject to the conditions described in this Agreement, Employer employs Employee to perform Job Responsibilities for Employer, its
subsidiaries, and affiliates (an “affiliate” means an entity controlled by Employer or 50% or more owned by Employer) and Employee accepts such employment. Employee will devote best efforts to the service of Employer, to perform his Job
Responsibilities, and Employee will not engage in other employment that conflicts with, or impairs in any way, his ability to perform his obligations as an employee of Employer. 
  
 2. Employee agrees to serve as Chief Financial Officer, in connection with the Job Responsibilities and to perform such
duties as may reasonably be required of him by Employer’s President, or any Chief Executive Officer, or Board of Directors, from time to time. Employee shall devote substantially all his business time and efforts to Employer’s business.
Employee’s duties shall be performed in or from the current office of Employee in the offices of Employer currently located in Goshen, Indiana, and Employee’s Job Responsibilities shall be of the same character as those previously
performed by Employee and generally associated with the offices held by Employee. Employer shall not, without the prior written consent of Employee, relocate or transfer Employee to a location more than forty (40) miles from his principal residence.

  
 3. The term of this Agreement shall begin on the
“Effective Date” and shall end on the date which is one (1) year following such date, provided, however, each one (1) year term shall automatically renew and extend for consecutive one (1) year terms (the expiration of the original one (1)
year term, and any extension term, being an “Anniversary Date”) (the original one (1) year term, including any extension thereof, shall be referred to as the “Term”), unless either Employer or Employee gives a Notice of
Termination as provided in Section 10 hereof, at the time described in paragraph Section 7(B) or Section 7(D) respectively. 

 4. Employee shall receive an annual salary of not less than One Hundred Forty Thousand Dollars
($140,000.00) (“Base Compensation”) for the Term, payable at regular intervals in accordance with Employer’s normal payroll practices now or hereafter in effect. Employer may consider and declare from time to time increases in the
salary it pays Employee and thereby increases in his Base Compensation. Base Compensation shall not take into account any bonuses, reimbursed expenses, credits or benefits (including benefits under any plan of deferred compensation), or any
additional cash compensation or compensation payable in a form other than cash. 
  
 5. So long as Employee is employed pursuant to this Agreement, and effective the first day of the month following the Effective Date, Employee shall be included as a participant in all present and future employee
benefit plans generally available to employees of Employer, consistent with his Base Compensation, and his Job Responsibilities, subject to applicable plan eligibility requirements, such as, group life and health insurance program, 401(k) Plan,
Stock Incentive Plan, Executive Bonus Plan, and paid vacation (collectively, “Benefit Plans”). 
  
 6. So long as Employee is employed by Employer pursuant to this Agreement, Employee shall receive reimbursement from Employer for all reasonable business
expenses approved by Employer, upon submission to Employer of written vouchers and statements for reimbursement. 
  
 7. Subject to the respective continuing obligations of the parties, including but not limited to those set forth in paragraph 9 hereof, Employee’s
employment by Employer may be terminated prior to the expiration of the Term of this Agreement as follows: 
  
 (A) Employer, upon written notice to Employee, may terminate Employee’s employment with Employer at any time “for cause.” For purposes of
this subsection 7(A), “cause” shall be defined as (i) misconduct, (ii) breach of fiduciary duty involving personal profit, (iii) failure to perform Job Responsibilities, (iv) conviction or guilty plea or nolo contendere plea to a violation
of any law, rule, or regulation (other than minor traffic violations), or (v) any breach of any term, condition or covenant of this Agreement. Prior to a termination of Employee’s employment upon the occurrence of any event set forth in this
section 7(A) above, except section 7(A)(ii) and (iv), Employer shall first provide Employee with written notice of his intended termination, setting forth with specificity the reasons for such intended termination, and shall give Employee
opportunity to remedy any deficiencies. 
  
 (B) Employer may fail
to renew this Agreement effective any Anniversary Date, or may terminate Employee’s employment with Employer at any time, “without cause,” upon thirty (30) days prior written notice to Employee. 
  
 (C) Employee, at any time and upon thirty (30) days written notice to
Employer, may terminate his employment with Employer “for cause.” For purposes of this subsection 7(C), “cause” shall be defined as breach by Employer of a material term, condition or covenant of this Agreement (including, for
example, a change of Job Responsibilities without Employee’s prior written consent), or a “Change of Control.” For purposes of this Agreement, a “Change of Control” of Employer shall be deemed to have occurred if during, or
following the consummation of, a stock purchase program, tender offer, exchange offer, merger, consolidation, sale of substantially all of Employer’s assets, contested election, or any combination of the foregoing transactions, any person,
entity or group of persons acting in concert (other than the Employee, or Kelly L. Rose, Michael H. Schoeffler, Jeffrey P. Beitzel, Douglass C. Goad, or Richard C. Andersen, their respective spouses, or their trusts directly or indirectly)
(collectively “Excluded Persons”) (i) acquires the power to vote in excess of twenty-five percent (25%) of the voting securities of Employer and one or more of its representatives are elected to the Employer’s Board of Directors; or
(ii) acquires ownership of the power to vote in excess of 50% of the voting securities of Employer; or (iii) otherwise acquires effective control of the business and affairs of Employer; provided, 

  

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however, that a Change of Control shall not be deemed to occur as a result of any existing or future acquisition of shares of Employer capital stock by the
Excluded Persons. 
  
 (D) Employee, at any time and upon thirty
(30) days written notice to Employer, may terminate his employment with Employer “without cause.” 
  
 (E) Employee’s employment with Employer shall terminate in the event of Employee’s death or permanent disability. “Disability” means
(i) if Employee is covered by an individual or group long-term disability policy under Employer’s Benefit Plans, then as defined in such policy without regard to any waiting period, or (ii) if (i) is inapplicable, then “disability”
shall be defined as Employee’s permanent inability by reason of illness or other physical or mental incapacity to perform Job Responsibilities for any consecutive one hundred eighty (180) day period, provided that Notice of Termination by
Employer because of Employee’s “disability” shall have been give to Employee prior to the full resumption by him of the performance of such duties. 
  
 8. In the event of termination of Employee’s employment with Employer pursuant to section 7 hereof, which shall include
a nonrenewal of this Agreement on any Anniversary Date as provided in section 3 hereof or in subsection 7(B) a subsection 7(C) hereof, Base Compensation shall continue to be paid by Employer to Employee as follows: 
  
 (A) In the event of termination “for cause” by Employer or
“without cause” by Employee pursuant to subsection 7(A) or 7(D), respectively, Base Compensation shall continue to be paid, and Employee shall continue to participate in the Benefit Plans and other perquisites as provided in paragraphs 4
and 5 hereof, through the date of termination specified in the notice of termination. Any benefits payable under such Benefit Plans as a result of Employee’s participation in such plans through such date shall be paid when due under those
plans. The date of termination specified in any notice of termination pursuant to subsection 7(A) or 7(D) shall be no later than the last business day of the next month following the month in which such notice is provided to Employee or Employer, as
the case may be. 
  
 (B) In the event of termination “without
cause” by Employer or “with cause” by Employee and pursuant to subsection 7(B) or subsection 7(C), respectively, Base Compensation shall continue to be paid, and Employee shall continue to participate in the Benefit Plans and other
perquisites as provided in paragraphs 4 and 5 hereof, through the date of termination specified in the notice of termination. Any benefits payable under such Benefit Plans as a result of Employee’s participation in such plans through such date
shall be paid when due under those plans. In addition, Employee shall be entitled to continue to receive from Employer his Base Compensation at the rates in effect at the time of termination of the Term for one (1) additional twelve (12) month
period. In addition, during such periods, Employer will maintain in full force and effect for the continued benefit of Employee and his spouse and his dependents each Benefit Plan described in Section 5 in which Employee was entitled to participate
immediately prior to the date of his termination, unless an essentially equivalent and no less favorable benefit if provided by a subsequent employer of Employee. If the terms of any such Benefit Plan, or applicable laws, do not permit continued
participation in the Benefit Plans by Employee and his spouse and his dependents, Employer will arrange to provide to Employee and his spouse and his dependents a benefit substantially similar to, and no less favorable than, the benefit he and his
spouse and his dependents were entitled to receive under such Benefit Plan. The date of termination specified in any notice of termination pursuant to subsection 7(B) or 7(C) shall be no later than the last business day of the next month following
the month in which such notice is provided to Employee or Employer, as the case may be. 
  
 (C) In the event Employee’s employment with Employer shall terminate in the event of Employee’s disability or death, pursuant to subsection 7(E), Base Compensation shall continue to be paid 

  

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 through the date of disability or the date of death, and Employee shall continue to participate in the Benefit Plans
through such date. 
  
 (D) Employer will permit Employee or his
personal representative(s) or heirs, during a period of three months following termination of Employee’s employment by Employer for any reason, including Reasonable Cause, to require Employer, upon written request and at Employee’s or his
personal representative’s or his heirs’ option, to purchase all or less than all of outstanding warrants or stock options previously granted to Employee under any Employer warrant or stock option plan then in effect, whether or not such
warrants or options are then exercisable or have terminated, at a cash purchase price equal to the amount by which the aggregate “fair market value” of the shares subject to such options or warrants exceeds the aggregate warrant or option
or warrant price for such shares. For purposes of this Agreement, the term “fair market value” shall mean the higher of (i) the average of the highest asked prices for Employer shares in the over-the-counter market as reported on the
NASDAQ system or other national exchange if the shares are traded on such system for the thirty (30) business days preceding such termination, or (ii) the average per share price actually paid for the most highly priced one percent (1%) of the
Employer shares acquired in connection with any Change of Control of the Employer by any person or group acquiring such control. 
  
 9. In order to induce Employer to enter into this Agreement, Employee agrees as follows: 
  
 (A) Unless otherwise required to do so by law, including the order of a court or government agency, Employee shall not
divulge or furnish trade secrets (as defined in IND. CODE Sec. 24-2-3-2) of Employer or any confidential information acquired by him while employed by Employer concerning the policies, plans, procedures or customers of Employer to any person, firm
or corporation, other than Employer or upon its written request, or use any such trade secret or confidential information directly or indirectly for Employee’s own benefit or for the benefit of any person, firm or corporation other than
Employer, since such trade secrets and confidential information are confidential and shall at all times remain property of Employer. To that end, Employee agrees as follows: 
  
 (i) That all drawings, blueprints, manuals, letters, reports memoranda, notes, notebooks, customer lists and
all other documents or materials whether or not of a secret or confidential nature (and all copies thereof) relating to Employer or any of its affiliates business in any way obtained by Employee while employed by Employer shall be Employer’s
property and shall be delivered by Employee to Employer on termination of Employee’s employment or at any time at Employer’s request together with Employee’s written certification of compliance. This includes but is not limited to
documents or other materials concerning customers, pricing, marketing, and method or process, product or apparatus manufactured, used, developed, or investigated by Employer or any of its affiliates, all of which are CONFIDENTIAL; 
  
 (ii) To disclose to Employer promptly and fully any
invention, discovery or improvement (“invention(s)”), whether patentable or not, hereafter made or conceived solely or jointly by Employee while employed by Employer and which relates in any manner to the business or activities of Employer
or any of its affiliates or is suggested by or results from any duties assigned to Employee or work performed by Employee for or on behalf of Employer; 
  
 (B) That when requested by Employer, whether during or subsequent to Employee’s employment, to execute patent applications and other instruments
considered necessary by Employer to apply for and obtain Letters Patent of the United States and foreign countries with respect to inventions covered by this Agreement and to make assignments and execute other instruments necessary to convey to
Employer ownership and exclusive rights in such inventions, patent applications and patents; provided, however, that Employer shall bear all expenses connected with such patents, patent applications and 
  

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 maintenance of patent protection, and if services in connection therewith are performed by Employee at the request of
Employer after termination of Employee’s employment, Employer shall pay reasonable compensation for such post-employment services; 
  
 (C) That during the Term of his employment with Employer, and during any period for which Employee is receiving Benefit Plan benefits or any other
payments from Employer, and for a period of one (1) year thereafter, Employee shall not: (a) compete, directly or indirectly, with the Business of Employer (which for purposes of this paragraph 9 is defined as, engineering, consulting, product
development of upfit customization of specialized packages, and second stage vehicle manufacturing to General Motors, and also including such business as being conducted by any of its subsidiaries or affiliates), as conducted during the Term of this
Agreement, or have any interest (including any interest or association, including but not limited to, that of owner, part owner, partner, shareholder, director, officer, employee, agent, consultant, lender or advisor) in any person, firm or entity
which competes with the Business in the geographic area described on the attached Exhibit A (each such person, firm or entity is referred to as “Competitor”) other than the investment by Employee in a publicly traded company in such
form or manner as will not require any services on Employee’s part in the operation of the affairs of the businesses in which such investments are made; (b) solicit or accept business for or on behalf of any Competitor; (c) solicit, induce or
persuade, or attempt to solicit, induce or persuade, any person to work for or provide services to or provide financial assistance to, any Competitor; (d) solicit or accept for or on behalf of or for the benefit of any Competitor, any business from
any person, firm or entity which during the term of this Agreement was a vendor or supplier to, or subcontractor for, or commercial purchaser from, Employer; or (e) engage in any business, either as an owner or representative or employee or
otherwise, that is competitive with any business engaged in by Employer or any of its affiliates other than the investment by Employee in a publicly traded company in such form or manner as will not require any services on Employee’s part in
the operation of the affairs of the businesses in which such investments are made. Employee recognizes that Employer and its affiliates market products worldwide and, therefore, performance of the same or substantially similar duties in any
geographic region would be detrimental to Employer’s legitimate interests; Employer has a legitimate interest which these provisions are reasonably necessary to protect; the restrictions on competition contained herein are reasonable in time
and geographic scope; and Employee is, and shall not be, unreasonably restricted in gainful employment by these provisions. 
  
 (D) If Employee’s employment by Employer is terminated for any reason by either Employee or Employer, Employee will turn over immediately thereafter
to Employer all business correspondence, letters, papers, reports, customers’ lists, financial statements, records, drawings, credit reports or other confidential information or documents of Employer or its affiliates in the possession or
control of Employee, all of which writings are and will continue to be the sole and exclusive property of Employer or its affiliates. 
  
 (E) If Employee’s employment by Employer is terminated during the Term of this Agreement for any of the reasons set forth in section 7 of this
Agreement, and if Employee and Employer in writing agree prior to the end of the Term that Employee disclaims any rights to any continuing payments from Employer (whether by way of Base Compensation, Benefit Plans, or otherwise) after the
termination date, then Employee shall have no obligations to Employer with respect to noncompetition under subsection 9(C) hereof. 
  
 (F) Anything in this Employment Agreement to the contrary notwithstanding, prior to Employer seeking relief for a breach by Employee of this paragraph 9,
Employer shall first provide Employee with written notice setting forth the nature of such breach with specificity, and shall give Employee opportunity to remedy any deficiencies or to provide evidence that no breach has occurred. 
  

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 10. Any termination of Employee’s employment with Employer as contemplated by paragraph 3 and
paragraph 7 hereof, except in the circumstances of Employee’s death, shall be communicated by written “Notice of Termination” by the terminating party to the other party hereto. Any “Notice of Termination” must refer to one
or more of subsections 7(A), 7(B), 7(C), or 7(D) and shall indicate the specific provisions of this Agreement and one or more of such subsections of paragraph 7 relied upon, and shall set forth in reasonable detail the facts and circumstances
claimed to provide a basis for such termination under one or more of such subsections of paragraph 7. 
  
 11. Anything in this Agreement to the contrary notwithstanding, payment of Base Compensation by the Employer or to or for the benefit of the Employee,
including such as may be made pursuant to paragraph 8 hereof, shall be inclusive of payments attributable to the confidentiality and noncompetition covenants of paragraph 9 hereof and shall be payable whether or not deductible by the Employer for
federal income tax purposes. 
  
 12. The validity, interpretation,
and performance of this Agreement shall be governed by the laws of the State of Indiana. The invalidity or unenforceability of any provisions of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement
which shall remain in full force and effect. If a dispute arises regarding provisions of this Agreement, including enforcement of the confidentiality and noncompetition provisions hereof, then such shall be heard only by the judge and not by a jury,
in any court of general jurisdiction in Elkhart County, Indiana, to which sole and exclusive jurisdiction each party irrevocably consents. The prevailing party shall be entitled to its costs, expenses and reasonable attorney’s fees. No attempt
will be made to consolidate, by counterclaim or otherwise, any such action or proceeding with any other action or proceeding in which there is a trial by jury or in which a jury trial cannot be or has not been waived. 
  
 13. For purposes of this Agreement, notices and all other communications
provided for herein shall be in writing and shall be deemed to have been given when personally delivered, or mailed by United States registered or certified mail, return receipt requested, postage prepaid, addressed as follows: 
  

			
	         If to Employee:
	    	 Joseph E. Katona, III
 16330 Elmwood Avenue
 Mishawaka, IN 46544

		
	         If to Employer:
	    	 Starcraft Corporation
 1123 South Indiana Avenue
 Post Office Box 1903
 Goshen, IN 46527-1903
 Attention: Michael H. Schoeffler, Chief Executive Officer

  
 14. No provision of
this Agreement may be modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing signed by Employee and Employer. No waiver by either party hereto at any time of any breach by the other party hereto of, or
compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of dissimilar provisions or conditions at the same or any prior or subsequent time. No agreements or representation, oral or
otherwise, express or implied, with respect to the subject matter hereof have been made by either party which are not set forth expressly in this Agreement. 
  
 15. No benefit payable at any time under this Agreement shall be subject in any manner to alienation, sale, transfer, assignment, pledge, attachment,
levy, garnishment, or encumbrance of any kind. 
  

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 16. Employer shall withhold any applicable income or employment taxes that are required to be withheld
from the benefits provided under this Agreement. 
  
 17. Employer
does not guarantee payment of benefits payable under any insurance coverage described or referred to herein, and any benefits thereunder shall be the exclusive responsibility of the insurer that is required to provide such benefits under such
policy. 
  
 18. Commencing upon the termination date in the Notice
of Termination, the Employee shall cease to be an employee of the Employer for any purpose, and any payments to Employee thereafter under this Agreement shall be payments to a former employee. The right of Employee to receive any Base Compensation,
Bonus, or Benefit Plan payments from Employer ceases upon termination of employment, except to the limited extent otherwise and expressly described in paragraph 8 of this Agreement. 
  
 19. This Agreement is binding upon and inures to the benefit of each party’s personal representatives, heirs,
successors and assigns. 
  
 IN WITNESS WHEREOF, the parties have
caused the Agreement to be executed and delivered this 15th day of November, 2004. 
  

									
	 “Employee”
  
	 	 	 	 “Employer”
  
 STARCRAFT CORPORATION

				
	 /S/    JOSEPH E. KATONA
III
	 	 	 	By:	 	 /S/    MICHAEL H.
SCHOEFFLER

	Joseph E. Katona, III	 	 	 	 Michael H. Schoeffler
 Its: Co-Chief
Executive Officer

  
  
  

 -7-Deferred Compensation Plan

 Exhibit 10(iii) (A) 
  
 BANK OF THE OZARKS, INC. 
  
 DEFERRED COMPENSATION PLAN 
  
 Preamble 
  
 This Plan is an unfunded deferred compensation arrangement for a select group of management or highly-compensated personnel and all rights hereunder shall
be governed by and construed in accordance with the laws of Arkansas. 
  
 A. Participants. Any management or highly compensated employee (“Employee”) of BANK OF THE OZARKS, INC. (“Corporation”), or any wholly owned subsidiary of the Corporation (“Subsidiary”), who has been
designated as eligible to participate under the plan (“Plan”) by the Board of Directors of the Corporation (“Board”), may elect to become a participant (“Participant”) under the Plan by filing a written notice
(“Notice”) with the Corporation or the subsidiary of the Corporation for whom the Employee performs his services (“Employer”), in the form prescribed by the Board. 
  
 B. Deferred Compensation. Any Participant may elect, in accordance with Section F of this Agreement, to defer
annually the receipt of a portion of the compensation otherwise payable to him by an Employer attributable to any Plan year. Compensation eligible for deferral shall include salary to be earned in the Plan year plus any bonus attributable to such
Plan year. “Compensation” means all of a Participant’s W-2 compensation which is actually paid to the Participant by the Employer attributable to the Plan year; provided that “compensation” shall also include any amount
which is contributed by the Employer pursuant to a salary reduction agreement and which is not includible in the gross income of the Participant under Sections 402(h)(1)(B)(SEP Deferrals), 125, 402(a)(8) (401(k) deferrals), 403(b) and 457(b) of the
Code. Such deferral may be fixed at a percentage of future income to be earned and received as compensation; provided, however, that the total amount which is designated by the Participant may not exceed twenty-five percent (25%) of the
Participant’s total income for the Plan year, or such other amount as the Board may from time to time approve in writing. Any compensation deferred 

 pursuant to this Section shall be recorded by the Corporation in a deferred compensation account (“Account”)
maintained in the name of the Participant, which Account shall be credited on each date a payment of compensation is made, in accordance with the Employer’s normal practices. 
  
 The Corporation shall furnish each Participant with a quarterly statement of his Account. The Corporation shall also credit
net income, gains or losses on investment of amounts in an Account to such Account until its final distribution pursuant to Section E of the Plan. The amount of compensation that a Participant elects to defer under this Section will remain constant
until suspended or modified by the filing of another election with the Corporation by a Participant in accordance with Section F of the Plan. 
  
 The Plan will operate on a calendar year. 
  
 C. Employer Allocations. The Board may from time to time cause the Account of a Participant to be increased at such time and by such amount as the
Board may designate in writing (“Employer Allocation”). The Corporation shall create a subaccount for each Participant receiving an Employer Allocation to which the Employer Allocation, net income, gains and losses on investments shall be
credited. For all other purposes of the Plan, the Employer Allocation subaccount shall be treated as part of the Participant’s Account. 
  
 D. Investment of Deferred Amounts. 
  
 1. In order to meet its contingent deferred obligations for each Participant hereunder, the Corporation shall set aside or earmark funds
in an amount equal to the total amounts credited to each Participant’s Account hereunder. Such funds shall be accounted for separately for each Participant. The funds in each account shall be invested as determined by the Board; provided,
however, that in the discretion of the Board it may grant to each Participant the right to designate how the funds in the Participant’s account shall be invested. The Board shall not be bound by any Participant’s election and, in its
discretion, may refuse to allow the investment of the funds as directed by the Participant. 
  
 2. The income and gains and losses, both realized and unrealized, from investments made pursuant to paragraph 1 on the account of any
Participant, net of any expenses properly chargeable thereto shall be determined quarterly by the Board. Such net income or loss as so determined shall be allocated and credited to the account of each Participant. 
  
 E. Distribution. 
  
 1. Upon the Participant’s separation from service with
the Corporation and all Subsidiaries for any reason other than death, the Participant will be entitled to receive all amounts credited to the Participant’s Account as of the date of separation from service. Such amounts shall be distributed as
set forth in paragraph 5 below. 

 2. Upon the Participant’s separation from service with the Corporation and all
Subsidiaries by reason of his death, the Participant’s designated beneficiary or beneficiaries will be entitled to receive all amounts credited to the Account of the Participant as of the date of his death. Said amounts shall be payable as set
forth in paragraph 5 below. 
  
 3. Upon the death
of the Participant prior to complete distribution of the entire balance of the Participant’s Account (and after the date the Participant’s separation from service with the Corporation and all Subsidiaries), the remaining balance of his
Account on the date of his death shall be payable to the Participant’s designated beneficiary or beneficiaries as set forth in paragraph 5 below. 
  
 4. Upon the occurrence of an Unforeseeable Emergency (as defined in Section N), the Participant or the Participant’s designated
beneficiary may receive a distribution as allowed by Section N but no more frequently than once each calendar year. 
  
 5. Distributions of the Participant’s Account pursuant to paragraph 1 or 2 above shall be made in the manner selected by such
Participant on his or her initial Notice, and the Participant shall not have the ability to change such selection. The only permissible payment methods to select pursuant to such Notice are (i) a lump sum distribution; (ii) annual installments over
a three-year period; (iii) annual installments over a five-year period; and (iv) annual installments over a ten-year period. If annual installments are selected, the payment shall be made so to exhaust the Participant’s Account over said period
(therefore, by way of example, if the Participant selects annual installments over a ten-year period, the first annual installment shall equal one-tenth of the then balance of the Participant’s Account, the second annual installment shall equal
one-ninth of the then balance and so on). 
  
 Payments to be made pursuant to paragraph 1 above shall commence as soon as administratively practical, but in no event prior to six (6) months from the date of the Participant’s separation from service. 
  
 Payments to be made pursuant to paragraph 2 above shall
commence as soon as administratively practical following the date upon the Participant’s death. 
  
 Upon the death of a Participant as set forth in paragraph 3, payments to the Participant’s designated beneficiary or beneficiaries
shall continue at the same times and in the same amounts as would have been made to the Participant had the Participant survived for the entire pay out period. 
  

F. Election to Defer Compensation. The Notice by which a Participant elects to defer compensation as provided in this Agreement shall be in
writing, signed by the Participant, and delivered to the Corporation prior to January 1 of the Plan year in which the compensation to be deferred is otherwise payable to the Participant. Except as provided below, no employee may enter the Plan
except on the beginning of a Plan year. Such election (and any subsequent election) will continue until suspended or 

 modified in a writing delivered by the Participant to the Corporation, which new election shall only apply to
compensation otherwise payable to the Participant after the end of the Plan year in which such election is delivered to the Corporation. Any deferral election made by the Participant shall be irrevocable with respect to any compensation covered by
such election, including the compensation payable in the Plan year in which the election suspending or modifying the prior election is delivered to the Corporation. 
  
 In the first year in which a Participant becomes eligible to participate in the Plan the newly eligible Participant may make
an election to defer compensation for services performed subsequent to the election within thirty (30) days after the date the employee becomes eligible. 
  
 G. Participant’s Rights Unsecured. The right of the Participant or his designated beneficiary to receive a distribution hereunder shall be an
unsecured claim against the general assets of the Corporation, and neither the Participant nor his designated beneficiary shall have any rights in or against any amount credited to his or her Account, funds invested hereunder or any other specific
assets of the Corporation. All amounts credited to an Account shall constitute general assets of the Corporation subject to the claims of its creditors. The Accounts shall be considered the property of the company participating in the Plan for which
the Participant is employed. The Plan constitutes a mere promise to make future benefit payments to a Participant. Nothing contained hereunder shall be deemed to create a trust of any kind or create any fiduciary relationship. It is the intention of
the Corporation and each Participant (by delivery of the Notice) that the Plan be considered an unfunded deferred compensation arrangement for federal and state income tax purposes and for purposes of Title I of the Employee Retirement Income
Security Act of 1974, as amended. 
  
 H. Amendments to the
Plan. The Board may amend the Plan at any time, without the consent of the Participants or their beneficiaries, provided, however, that no amendment shall divest any Participant or beneficiary of the amount credited to his Account, or of any
rights to which he would have been entitled if the Plan had been terminated immediately prior to the effective date of such amendment. Notice of each amendment shall be given in writing to each Participant or beneficiary of a deceased Participant.

 I. Termination of the Plan. The Board may terminate the Plan at any time. Upon termination of the
Plan, distribution of the amounts credited to a Participant’s Account shall be made in the manner and at the time heretofore prescribed; provided that no additional credits shall be made to the Account of a Participant following termination of
the Plan other than net income or losses thereon credited pursuant to Section D. 
  
 J. Liability. No member of the Board and no officer or employee of the Corporation shall be liable to any person for any action taken or omitted in connection with the administration of this Plan unless
attributable to his own fraud or willful misconduct; nor shall the Corporation be liable to any person for any such action unless attributable to fraud or willful misconduct on the part of a director, officer or employee of the Corporation.

  
 K. Expenses. Costs of administration of the Plan will
be paid by the Corporation and/or by such of its Subsidiaries with participating Employees in the Plan sharing costs as may be determined by the Corporation. 
  
 L. Assignment. A Participant’s rights under the Plan, including the right to benefit payments, are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Participant or the Participant’s beneficiary. 
  
 M. Effective Date. This Plan shall be effective January 1, 2005. 
  
 N. Unforeseeable Emergency. 
  

1. “Unforeseeable Emergency” means a severe financial hardship of the Participant or beneficiary resulting from an illness or
accident of the Participant or beneficiary, the Participant’s or beneficiary’s spouse, or the Participant’s or beneficiary’s dependent (as defined in Internal Revenue Code section 152(a)); loss of the Participant’s or
beneficiary’s property due to casualty (including the need to rebuild a home following damage to a home not otherwise covered by homeowner’s insurance, e.g., as a result of a natural disaster); or other similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the control of the Participant or the beneficiary. For example, the imminent foreclosure of or eviction from the Participant’s or beneficiary’s primary residence may
constitute an Unforeseeable Emergency. In addition, the need to pay for medical expenses, including non-refundable deductibles, as well as for the cost of 

 prescription drug medication, may constitute an Unforeseeable Emergency. Finally, the need to pay for the
funeral expenses of a spouse or a dependent (as defined in Internal Revenue Code section 152(a)) may also constitute an Unforeseeable Emergency. Except as otherwise specifically provided in this paragraph 1, the purchase of a home and the payment of
college tuition are not unforeseeable emergencies under this paragraph 1. 
  
 2. Whether a Participant or beneficiary is faced with an Unforeseeable Emergency permitting a distribution under this Section N is to be determined based on the relevant facts and circumstances of each case, but, in
any case, a distribution on account of Unforeseeable Emergency may not be made to the extent that such emergency is or may be relieved through reimbursement or compensation from insurance or otherwise, by liquidation of the Participant’s
assets, to the extent the liquidation of such assets would not itself cause severe financial hardship, or by cessation of deferrals under the Plan. 
  
 3. Distributions because of an Unforeseeable Emergency must be limited to the amount reasonably necessary to satisfy the emergency need
(which may include any amounts necessary to pay any federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution). 
  

O. Administration. The Board shall administer the Plan in accordance with its terms and shall have all powers necessary to carry out its terms.
The Board will interpret the Plan in accordance with its terms and their intended meaning. The Board will have the discretion to make any findings of fact needed to administer the Plan or determine benefits claims, and to construe ambiguous,
unclear, or implied (but not stated) terms in any way it deems appropriate. The Board’s earlier exercise of its discretionary authority granted under the Plan shall not require it to exercise that authority in the same manner thereafter. If any
Plan provision, on account of errors in drafting, does not accurately reflect its intended meaning, as determined by the Board in its sole discretion, the provision will be considered ambiguous and will be construed by the Board in a manner
consistent with the intended meaning. All actions taken and determinations made in good faith by the Board under this Section will be final and binding on all persons except as otherwise expressly provided herein. The Board may make and enforce such
rules and regulations as it deems necessary or proper for the efficient administration of the Plan or required to comply with applicable law. The Corporation may employ one or more persons to render advice with regard to any responsibility under the
Plan. A Board member who is a Participant under the Plan will not vote or act on any matter relating only to himself. The Board shall have the power to allocate responsibilities among its members and delegate responsibilities by written action. Such
delegations may 

 be to officers or employees of the Corporation or to other individuals or entities, all of whom shall serve at the
pleasure of the Board and, if full-time employees of the Employer, without compensation. Unless the Board resolves otherwise in writing, any responsibility allocated or delegated shall be the sole and several responsibility of the person or entity
to whom allocated or delegated and not the joint responsibility of any other person or entity. Any person or entity may serve in more than one capacity as respects the Plan. 

 IN WITNESS WHEREOF, the Corporation has caused this Agreement to be executed by its duly authorized
officers as of the      day of                     , 2004. 
  

			
	BANK OF THE OZARKS, INC.
		
	By:	 	  

	Its:

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