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EXHIBIT 10.6  

LSB FINANCIAL CORP.  

RECOGNITION AND
RETENTION PLAN  

RESTRICTED STOCK
AGREEMENT  

RS No.  

        Shares
of Restricted Stock are hereby awarded on __________, 199__ by LSB Financial Corp. (the
“Corporation”), to (the “Grantee”), in accordance with the following
terms and conditions, and the conditions contained in the LSB Financial Corp. Recognition
and Retention Plan (the “Plan”):  

        1.  Share
Award. The Corporation hereby awards the Grantee shares (the           “Shares”)
of Common Stock, par value $.01 per share (“Common           Stock”), of the
Corporation pursuant to the Plan, as the same may from time           to time be amended,
and upon the terms and conditions and subject to the           restrictions therein and
hereinafter set forth. A copy of the Plan as currently           in effect is
incorporated herein by reference and is attached hereto.  

        2.  Restrictions
on Transfer and Restricted Period. During the period (the           “Restricted
Period”) commencing on ____________, 199__ (the           “Commencement Date”)
and terminating on _________, 200__, the Shares           may not be sold, assigned,
transferred, pledged, or otherwise encumbered by the           Grantee, except as
hereinafter provided.  

        The
Shares will vest at a rate of 20% of the initial award per year of Continuous Service (as
defined in the Plan) commencing on __________, 199__ pursuant to the following schedule:  

	Date of Vesting 	Amount
of Initial
Award Vested 
	 	
	[INSERT VESTING SCHEDULE]

	

        Subject
to compliance with the Office of Thrift Supervision Regulations, the Committee referred
to in Section 6 of the Plan or its successor (the “Committee”) shall have the
authority, in its discretion, to accelerate the time at which any or all of the
restrictions shall lapse with respect to any Shares thereto, or to remove any or all of
such restrictions, whenever the Committee may determine that such action is appropriate
by reason of changes in applicable tax or other laws, or other changes in circumstances
occurring after the commencement of the Restricted Period.  

        3.  Termination
of Service. Except as provided in Section 8 below, if the           Grantee ceases to
maintain “Continuous Service” (as defined in the           Plan as in effect on
the date of the award of the Shares) for any reason (other           than death, total or
partial disability), all shares which at the time of such           termination of
Continuous Service are subject to the restrictions imposed by           Section 2 above
shall upon such termination of Continuous Service be forfeited           to the
Corporation. If the Grantee ceases to maintain “Continuous           Service” (as
defined in the Plan as in effect on the date of the award of           shares) by reason
of death, or total or partial disability, the Shares then           still subject to
restrictions imposed by Section 2 will be free of those           restrictions.  

        4.  Certificates
for the Shares. The Corporation shall issue five           certificates in the name
of the Grantee, each in respect of 20% of the Shares,           and shall hold such
certificates on deposit for the account of the Grantee until           the expiration of
the Restricted Period with respect to the Shares represented           thereby. Such
certificates shall bear the following legend:  

	  	        The
transferability of this certificate and the shares of stock represented hereby are
subject to the terms and conditions (including forfeiture) contained in the Recognition
and Retention Plan of LSB Financial Corp. Copies of such Plan are on file in the offices
of the Secretary of LSB Financial Corp., 101 Main Street, Lafayette, Indiana 47902.  

	

        The
Grantee further agrees that simultaneously with the execution of this Agreement, the
Grantee shall execute five stock powers in favor of the Corporation with respect to the
Shares and that the Grantee shall promptly deliver such stock powers to the Corporation.  

        5.  Grantee’s
Rights. Except as otherwise provided herein, the Grantee,           as owner of the
Shares, shall have all rights of a stockholder. During the           Restricted Period,
the Grantee shall not himself vote such Shares as to which           the Restricted
Period has not yet lapsed or expired (the “Restricted           Shares”). The
Grantee hereby appoints a trust officer of First Bankers           Trust Company, N.A.,
Quincy, Illinois to vote all Restricted Shares, in his or           her sole discretion,
at any annual and special meetings of the stockholders of           the Corporation and
at any continuations and adjournments of such meetings, upon           any matters coming
before such meetings or adjournments. The Grantee agrees that           he shall from
time to time appoint such other person or persons to vote the           Restricted Shares
as the Committee in its sole discretion may designate. The           Grantee further
agrees that with respect to Restricted Shares, he shall grant no           proxy to vote
such shares except pursuant to this Section 5 of this Agreement,           nor shall he
revoke any proxy granted pursuant to this Section 5 except with the           consent of
the Committee.  

        Dividends,
if any, paid on the Restricted Shares shall be held by the Corporation for the account of
the Grantee. All such withheld dividends shall earn interest at an annual rate determined
by the Committee.  

        6.  Expiration
of Restricted Period. Upon the lapse or expiration of the           Restricted Period
with respect to a portion of the Shares, the Corporation shall           deliver to the
Grantee (or in the case of a deceased Grantee, to his legal           representative) the
certificate in respect of such shares and the related stock           power held by the
Corporation pursuant to Section 4 above. The Shares as to           which the Restricted
Period shall have lapsed or expired shall be free of the           restrictions referred
to in Section 2 above and such certificate shall not bear           the legend provided
for in Section 4 above.  

        7.  Adjustments
for Changes in Capitalization of the Corporation. In the           event of any
change in the outstanding shares of Common Stock by reason of any
          reorganization, recapitalization, stock split, stock dividend, combination or
          exchange of shares, merger, consolidation, or any change in the corporate
          structure of the Corporation or in the shares of Common Stock, the number and
          class of shares covered by this Agreement shall be appropriately adjusted by
the           Committee, whose determination shall be conclusive. Any shares of Common
Stock           or other securities received, as a result of the foregoing, by the
Grantee with           respect to Shares subject to the restrictions contained in Section
2 above also           shall be subject to such restrictions and the certificate or other
instruments           representing or evidencing such shares or securities shall be
legended and           deposited with the Corporation in the manner provided in Section 4
above.  

        8.  Change
In Control. If the “Continuous Service” (as defined in           the Plan)
of the Grantee is involuntarily terminated for whatever reason, other           than for
cause, at any time within 18 months of a “change in control”          (as
defined in the Plan), the Restricted Period with respect to all Shares shall
          lapse upon such termination and all Shares shall become fully vested in the
          Grantee.  

        9.  Delivery
and Registration of Shares of Common Stock. The           Corporation’s
obligation to deliver shares of Common Stock hereunder shall,           if the Committee
so requests, be conditioned upon the receipt of a           representation as to the
investment intention of the Grantee or any other person           to whom such shares are
to be delivered, in such form as the Committee shall           determine to be necessary
or advisable to comply with the provisions of the           Securities Act of 1933, as
amended, or any other Federal, state or local           securities legislation or
regulation. It may be provided that any representation           requirement shall become
inoperative upon a registration of such shares or other           action eliminating the
necessity of such representation under such Securities           Act or other securities
regulation. The Corporation shall not be required to           deliver any shares under
the Plan prior to (i) the admission of such shares to           listing on any stock
exchange on which the shares of Common Stock may then be           listed, and (ii) the
completion of such registration or other qualification of           such shares under any
state or federal law, rule or regulation, as the Committee           shall determine to
be necessary or advisable.  

        10.  Plan
and Plan Interpretations as Controlling. The Shares hereby awarded           and the
terms and conditions herein set forth are subject in all respects to the           terms
and conditions of the Plan, which are controlling. All determinations and
          interpretations of the Committee shall be binding and conclusive upon the
          Grantee or his legal representatives with regard to any question arising
          hereunder or under the Plan.  

        11.  Grantee
Service. Nothing in this Agreement shall limit the right of the           Corporation
or any of its Affiliates to terminate the Grantee’s service as           a director,
officer or employee, or otherwise impose upon the Corporation or any           of its
Affiliates any obligation to employ or accept the services of the           Grantee.  

        12.  Withholding
and Social Security Taxes. Upon the termination of the           Restricted Period
with respect to any Shares (or any such earlier time, if any,           that an election
is made under Section 83(b) of the Code, or any successor           provision thereto, to
include the value of such Shares in taxable income), the           Corporation shall have
the right to withhold from the Grantee’s           compensation an amount sufficient
to fulfill its or its Affiliate’s           obligations for any applicable
withholding and employment taxes. Alternatively,           the Corporation may require
the Grantee to pay the Corporation the amount of any           taxes which the
Corporation is required to withhold with respect to the Shares,           or, in lieu
thereof, to retain or sell without notice a sufficient number of           Shares to
cover the amount required to be withheld. The Corporation shall           withhold from
any cash dividends paid on the Restricted Stock an amount           sufficient to cover
taxes owed as a result of the dividend payment. The           Corporation’s method
of satisfying its withholding obligations shall be           solely in the discretion of
the Corporation, subject to applicable federal,           state and local laws.  

        13.  Grantee
Acceptance. The Grantee shall signify his acceptance of the terms           and
conditions of this Agreement by signing in the space provided below and           signing
the attached stock powers and returning a signed copy thereof and of the
          attached stock powers to the Corporation. IF A FULLY EXECUTED COPY HEREOF AND
          THE ATTACHED STOCK POWERS HAVE NOT BEEN RECEIVED BY THE CORPORATION BY
          _____________, 199__, THE CORPORATION MAY REVOKE THIS AWARD, AND AVOID ALL
          OBLIGATIONS UNDER THIS AGREEMENT.  

        IN
WITNESS WHEREOF, the parties hereto have caused this RESTRICTED STOCK AGREEMENT to be
executed as of the date first above written.  

			LSB FINANCIAL CORP.

By: 
        ———————————————————

ACCEPTED:

        ———————————————————

        ———————————————————

        (Street Address)

        ———————————————————

        (City, State & Zip Code)Exhibit 10.1

                            OAK HILL FINANCIAL, INC.
                             STOCK OPTION AGREEMENT
                                    UNDER THE
                            2004 STOCK INCENTIVE PLAN

      OAK HILL  FINANCIAL,  INC. (the "Company")  hereby grants,  effective this
____   day   of    _______________,    200__   (the    "Effective    Date")   to
_____________________  (the "Optionee") an option to purchase  __________ shares
of its common  stock,  without par value (the  "Option  Shares"),  at a price of
_______________________  Dollars  ($  __________)  per  share  pursuant  to  the
Company's 2004 Stock Incentive Plan (the "Plan"), subject to the following terms
and conditions:

      1.  RELATIONSHIP TO THE PLAN. This option is granted pursuant to the Plan,
and is in all respects  subject to the terms,  provisions and definitions of the
Plan and any amendments thereto. The Optionee  acknowledges receipt of a copy of
the Plan and represents that he or she is familiar with the terms and conditions
thereof.  The  Optionee  accepts  this  option  subject  to all  the  terms  and
provisions of the Plan  (including  without  limitation  provisions  relating to
nontransferability,   exercise  of  the  option,  sale  of  the  Option  Shares,
termination  of the option,  adjustment  of the number of shares  subject to the
option, and the exercise price of the option).  The Optionee further agrees that
all  decisions  and  interpretations  made by the Stock  Option  Committee  (the
"Committee"),  as  established  under  the  Plan,  and  as  from  time  to  time
constituted, are final, binding, and conclusive upon the Optionee and his or her
heirs. This option is not an Incentive Stock Option under the Plan.

      2. TIME OF EXERCISE.  This option may be exercised,  from time to time, in
full or in part, by the Optionee on the date one year after the  Effective  Date
and remains exercisable (subject to the provisions herein and the Plan) until it
has  been  exercised  as to  all of  the  Option  Shares  or  the  tenth  (10th)
anniversary of the Effective Date,  whichever occurs first.  Notwithstanding the
foregoing,  this option may not be  exercised  unless (i) the Option  Shares are
registered  under the Securities Act of 1933, as amended,  and are registered or
qualified  under  applicable  state  securities  or "blue sky" laws, or (ii) the
Company has received an opinion of counsel to the Company to the effect that the
option may be exercised and Option Shares may be issued by the Company  pursuant
thereto  without  such  registration  or  qualification.  If this  option is not
otherwise exercisable by reason of the foregoing sentence, the Company will take
reasonable steps to comply with applicable state and federal  securities laws in
connection with such issuance.

      3.  METHODS OF  EXERCISE.  This option is  exercisable  by delivery to the
Company of  written  notice of  exercise  which  specifies  the number of Option
Shares to be purchased and the election of the method of payment therefor, which
will be one of the methods of payment  specified under Section 5.06 of the Plan.
If payment is otherwise  than payment in full in cash,  the method of payment is
subject to the consent of the Committee.  Upon receipt of payment for the Option
Shares to be purchased  pursuant to the option or, if applicable,  the shares to
be delivered  pursuant to the election of an  alternative  payment  method,  the
Company  will deliver or cause to be  delivered  to the  Optionee,  to any other
person exercising this option, or to a broker or dealer if the method of payment
specified  in  Section  5.06(f)  of  the  Plan  is  elected,  a  certificate  or
certificates  for the number of Option  Shares with respect to which this option
is being  exercised,  registered  in the name of the  Optionee  or other  person
exercising the option, or if appropriate,  in the name of such broker or dealer;
provided,  however, that if any law or regulation or order of the Securities and
Exchange  Commission or other body having jurisdiction over the exercise of this
option will  require the Company or Optionee (or other  person  exercising  this
option) to take any action in connection  with the shares then being  purchased,
the delivery of the certificate or  certificates  for such shares may be delayed
for the period necessary to take and complete such action.

      4.  ACQUISITION  FOR  INVESTMENT.  This option is granted on the condition
that the  acquisition of the Option Shares  hereunder will be for the account of
the Optionee (or other person  exercising  this option) for investment  purposes
and not with a view to resale or  distribution,  except that such condition will
be inoperative  if the Option Shares are registered  under the Securities Act of
1933,  as amended,  or if in the opinion of counsel for the Company  such shares
may be resold without  registration.  At the time of any exercise of the option,
the Optionee (or other person  exercising this option) will execute such further
agreements as the Company may require to implement  the foregoing  condition and
to  acknowledge  the  Optionee's  (or  such  other  person's)  familiarity  with
restrictions on the resale of the Option Shares under applicable securities laws
and this Agreement.

      5.  DISPOSITION  OF  SHARES.  The  Optionee  or any other  person  who may
exercise  this option will notify the Company  within seven (7) days of any sale
or other transfer of any Option Shares. If any class of equity securities of the
Company is registered  pursuant to section 12 of the Securities  Exchange Act of
1934,  as amended,  and the Optionee or any other  person who may exercise  this
option is  subject to  section  16 of that Act by virtue of such  Optionee's  or
person's  relationship to the Company,  the Optionee or other person  exercising
this option agrees not to sell or otherwise  dispose of any Option Shares unless
at least six (6) months have elapsed from the Effective Date.

                                       38
<PAGE>

================================================================================

      6.  WITHHOLDING.  As a  condition  to the  issuance  of any of the  Option
Shares,  Optionee  or any person who may  exercise  this option  authorizes  the
Company to withhold in accordance with applicable law from any salary,  wages or
other  compensation  for  services  payable by the Company to or with respect to
Optionee any and all taxes required to be withheld by the Company under federal,
state or local law as a result of such  Optionee's or such  person's  receipt or
disposition  of Shares  purchased  under this  option.  If, for any reason,  the
Company is unable to withhold  all or any  portion of the amount  required to be
withheld, Optionee (or any person who may exercise this option) agrees to pay to
the Company  upon  exercise of this  option an amount  equal to the  withholding
required to be made less the amount actually withheld by the Company.

      7. GENERAL.  This Agreement will be construed as a contract under the laws
of the State of Ohio without  reference to Ohio's choice of law rules. It may be
executed in several counterparts, all of which will constitute one Agreement. It
will bind and,  subject to the terms of the Plan,  benefit the parties and their
respective successors, assigns, and legal representatives.

      IN WITNESS  WHEREOF,  the  Company and the  Optionee  have  executed  this
Agreement as of the date first above written.

OPTIONEE                                   OAK HILL FINANCIAL, INC.

____________________________               By:_________________________________

                                       39

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