Document:

Deferred Compensation Plans

 EXHIBIT 10.1 
  
 WHEREAS, Green Mountain Power Corporation (the “Company”) maintains the deferred compensation plans or
arrangements listed on the attached Exhibit I (the “Plans”) for the benefit of employees and directors eligible to participate in the Plans; and 
  
 WHEREAS, Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) imposes new restrictions and requirements that must be
satisfied in order to assure the deferred taxation of benefits as intended by the Plans; and 
  
 WHEREAS, Code section 409A is effective as to amounts deferred after 2004; and 
  
 WHEREAS, the Company wants to assure that the requirements and restrictions of Code section 409A will not apply to vested benefits earned or deferred
under the Plans prior to January 1, 2005; and 
  
 WHEREAS, the
Company has reserved the right to amend the Plans and the Company desires to amend the Plans without reducing the benefits available to participants; 
  
 NOW THEREFORE BE IT RESOLVED, That the Plans are amended so that the benefits provided under the Plans are limited to (i) benefits which are earned or
accrued and vested or nonforfeitable as of December 31, 2004 and (ii) any earnings or losses attributable to such benefits. 
  
 RESOLVED FURTHER, That the Company hereby adopts new deferred compensation plans (the “New Plans”), effective January 1, 2005, which will
provide as follows: 
  
 FIRST: The provisions of the New Plans
shall be the same as those of the corresponding Plan (but without a duplication of benefits) except that the New Plans shall not include any term, condition or provision that does not satisfy Code section 409A. 
  
 SECOND: The benefits provided under the New Plans shall include (i) benefits
earned or accrued under the corresponding Plan which are not vested or nonforfeitable as of December 31, 2004, (ii) benefits earned or accrued on or after January 1, 2005 and (iii) any earnings or losses attributable to the benefits described in the
preceding clauses (i) and (ii). 
  
 RESOLVED FINALLY, That the
appropriate officers of the Company are hereby authorized and directed to take such actions and to execute such documents as may be necessary or desirable to implement the foregoing resolutions all without the necessity of further action by this
Board. 

 Exhibit I to Board Resolutions 
  
 EXHIBIT I to Resolutions Regarding Deferred Compensation Plans Adopted by Green Mountain Power Corporation Board of Directors

  
 December 30, 2004 
  

	1.	Supplemental Retirement Plans for certain Company Executives, as amended and/or restated through December 30, 2004. 

  

	2.	Deferred Compensation Plans for Certain Officers, as amended and/or restated through December 30, 2004. 

  

	3.	Deferred Compensation Plans for Directors, as amended and/or restated through December 30, 2004. 

  

	4.	Officer Deferred Stock Unit Agreements, as amended and/or restated through December 30, 2004. 

  

	5.	Officer Deferral Agreements, as amended and/or restated through December 30, 2004. 

  

	6.	Director Deferred Stock Unit Agreements, as amended and/or restated through December 30, 2004. 

  

	7.	Director Deferral Agreements, as amended and/or restated through December 30, 2004.Executive Retirement Plans

 EXHIBIT 10.2 
  
 WHEREAS, Green Mountain Power Corporation (the “Company”) maintains supplemental executive retirement plans
pursuant to agreements (the “Agreements”) with Christopher L. Dutton, Stephen C. Terry and Walter S. Oakes; and 
  
 WHEREAS, Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) imposes new restrictions and requirements that must be
satisfied in order to assure the deferred taxation of benefits as intended by the Agreements; and 
  
 WHEREAS, Code section 409A is effective as to amounts deferred after 2004; and 
  
 WHEREAS, the Company wants to assure that the requirements and restrictions of Code section 409A will not apply to vested
benefits earned or deferred under the Agreements prior to January 1, 2005; 
  
 NOW THEREFORE BE IT RESOLVED, That each Agreement is amended so that the benefits provided thereunder are limited to benefits which are earned or accrued and vested or nonforfeitable as of December 31, 2004.

  
 RESOLVED FURTHER, That each Agreement is amended to provide
that the actuarial adjustment for early commencement of benefit payments shall be six percent per year for each year. 
  
 RESOLVED FURTHER, That the Company hereby adopts new deferred compensation agreements (the “New Agreements”), effective January 1, 2005, which
will provide as follows: 
  
 FIRST: The provisions of the New
Agreements shall be the same as those of the corresponding Agreement except that (i) the New Agreements shall include a discretionary actuarial reduction for the early commencement of benefit payments as provided under the corresponding Agreement
before the adoption of the foregoing amendment and (ii) the New Agreements shall not include any term, condition or provision that does not satisfy Code section 409A. 
  
 SECOND: The benefits provided under the New Agreements shall include (i) any benefits earned or accrued under the
corresponding Agreement which are not vested or nonforfeitable as of December 31, 2004 and (ii) benefits earned or accrued on or after January 1, 2005. 
  
 THIRD: Each New Agreement shall provide that the benefit payable thereunder shall be reduced (but not below zero), on an actuarially equivalent basis, by
the benefit payable under the corresponding Agreement. 
  
 RESOLVED FINALLY, That the appropriate officers of the Company are hereby authorized and directed to take such actions and to execute such documents as may be necessary or desirable to implement the foregoing resolutions all without the
necessity of further action by this Board.Employment Agreement

 Exhibit 10(iii) (A) 
  
 EMPLOYMENT AGREEMENT 
  

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into on this 3rd day of January, 2005 to be effective as of the 1st day of January, 2005, 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 2, 2004 to be effective as of January 1, 2004 (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, 2005 and ending on December 31, 2007 (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 Four Hundred Sixty Thousand Dollars ($460,000) per annum. 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, 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.
				
	  

	 	 	 	By:	 	  

	Donna Quandt, Corporate Secretary	 	 	 	 	 	Mark D. Ross, President

							
	ATTEST:	 	 	 	BANK OF THE OZARKS
				
	  

	 	 	 	By:	 	  

	Donna Quandt, Corporate Secretary	 	 	 	 	 	Mark D. Ross, President
			
	 	 	 	 	GEORGE G. GLEASON, II
			
	 	 	 	 	  

	 	 	 	 	George G. Gleason, II

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