Document:

SPECIMEN COMMON STOCK CERTIFICATE

 Exhibit 4.1 
  

					
	

	 	

	 	

		 	  
 INCORPORATED UNDER THE LAWS OF THE STATE OF
LOUISIANA
	 

 THIS CERTIFIES THAT 
  

 
 SPECIMEN 
  
 is the owner of 
  
 FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK, $.10 PAR
VALUE, OF 
 MIDSOUTH BANCORP, INC. transferable only on the books of the Corporation by the holder hereof in person or by
Attorney upon surrender of this Certificate properly endorsed. This Certificate is not valid unless countersigned by the Transfer Agent and registered by the Registrar. 
 IN WITNESS WHEREOF, the said Corporation has caused this Certificate to be signed by its duly authorized officers and its Corporate Seal to be hereunto affixed. 
 DATED: 
  

					
		 		 	
			
	

	 	 

	 	

	SECRETARY	 	 	PRESIDENT
		 	 	

 COUNTERSIGNED AND REGISTERED: 
 BY          ChaseMellon Shareholder Services, L.L.C. 
 TRANSFER AGENT AND REGISTRAR 

 MidSouth Bancorp, Inc. will furnish to any shareholder upon request and
without charge a summary of the designations, relative rights, preferences and limitations of the shares of each class and of each series of each preferred or special class, so far as the same have been fixed and the authority of the Board to
establish other series and to fix the relative rights, preferences and limitations of the shares of any class or series by amendment of the Articles of Incorporation. 
 The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they were written out in full according to applicable laws or
regulations: 
  

									
	 TEN COM
	 	 —
	  	 as tenants in common
	  	 UNIF GIFT MIN ACT —
	  	 __________ Custodian __________

	 TEN ENT
	 	 —
	  	 as tenants by the entireties
	  		  	     (Cust)
                            (Minor)

	 JT TEN
	 	 —
	  	 as joint tenants with right of
	  		  	 under Uniform Gifts to Minors

		 		  	 survivorship and not as tenants in common
	  		  	 ACT _________________

		 		  		  		  	     (State)

 Additional abbreviations may also be used though not in the above list. 
 For value received, ____________ hereby sell, assign and transfer unto 
  

					
	PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE	 		 	
	 	 		 	
	 	 		 	

  
 __________________________________________________________________________________________________________ 
 (PLEASE
PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING ZIP CODE, OF ASSIGNEE) 
 __________________________________________________________________________________________________________ 
 __________________________________________________________________________________________________________ 
 _______________________________________________________________________________________ shares represented by the within Certificate, and do hereby irrevocably constitute and appoint 
 _______________________________________________________________________________________ Attorney to transfer the said shares on the books
of the within named Corporation with full power of substitution in the premises. 
 Dated __________________________ 
  

	                     ____________________________________________________________________________________________	

	NOTICE:	THE SIGNATURE TO THIS ASSIGNMENT MUST CORRESPOND WITH THE NAME AS WRITTEN UPON THE FACE OF THE CERTIFICATE IN EVERY PARTICULAR, WITHOUT ALTERATION OR ENLARGEMENT OR ANY
CHANGE WHATEVER.EMPLOYMENT AGREEMENT

 Exhibit 10.4 
 STATE OF LOUISIANA 
 PARIS OF LAFAYETTE 
 EMPLOYMENT AGREEMENT 
 AGREEMENT MADE as of the 10th day of February,
1999, by and between MIDSOUTH NATIONAL BANK, a Louisiana corporation, domiciled in Lafayette, Lafayette Parish, Louisiana, represented herein by its agent, WILL G. CHARBONNET, (hereinafter sometimes referred to as the BANK), KAREN HAIL, of full
age of majority, a resident of and domiciled in Lafayette, Lafayette Parish, Louisiana (hereinafter sometimes referred to as EXECUTIVE), by these presents do agree and contract that: 
 1. 
 The BANK shall employ the EXECUTIVE as
full time Chief Operations Officer of the BANK which position shall carry the title of Executive Vice President and Chief Operations Officer of the BANK. The term of this Agreement shall be for one (1) year, commencing on the first business day
of January, 1999, and terminating on the last business day of December, 1999. 
 2. 
 The BANK and EXECUTIVE do hereby agree and contract that at the end of the term as set forth in paragraph 1 of the
Employment Agreement, said Employment Agreement shall be automatically extended for a period of one (1) year and every year thereafter commencing on the date of termination as set forth in paragraph 1 of the Employment Agreement (hereinafter
referred to as the extended Term) unless written notice of termination of the Employment Agreement is given by one of the parties hereto to the other party hereto not later than sixty (60) days before the end of the term as set forth in
paragraph 1 of the Employment Agreement or the Extended Term for each year extended, by certified mail, return receipt requested. 
 3. 
 If the Employment Agreement is terminated by or not extended by the BANK as set forth in
paragraph 2 above, then, in that event, the BANK shall pay EXECUTIVE, as severance pay, a sum equal to one times EXECUTIVE’S yearly base salary as of the date of termination. If the Employment Agreement is terminated by EXECUTIVE, or if
EXECUTIVE is removed by the Office of Comptroller of Currency, United States of America, or any other regulatory body, then, in that event, the BANK shall not be obligated to pay EXECUTIVE any severance pay. 
 4. 
 It shall be the responsibility of EXECUTIVE to manage the financial and operational affairs of the BANK and to perform any and all other duties and responsibilities of an executive nature as may be specified from time to time by the Board
of Directors of the BANK as outlined in the BANK’S Strategic Plan for the current year and their approved job description. 

 5. 
 During the term of this Employment Agreement, the BANK shall pay to EXECUTIVE a minimum annual base salary of NINETY-TWO THOUSAND AND NO/100 ($92,000.00) DOLLARS per year, provided,
however, that the BANK shall not be obligated to pay as annual salary any sum above current base salary as set by the Board of Directors for the current year or in excess of that which shall be approved as compensation for EXECUTIVE by the Office of
the Comptroller of Currency, United States of America. 
 6. 
 The BANK and EXECUTIVE do hereby agree and contract that during the term of this Agreement the BANK shall reimburse to the
EXECUTIVE the cost of Term Life Insurance in the amount of four (4) times EXECUTIVE’S annual salary. The BANK shall also provide long term disability insurance in the amount of two-thirds (2/3) of EXECUTIVE’S annual salary.

 7. 
 The BANK shall furnish to EXECUTIVE an automobile comparable to an Oldsmobile Delta 88 to be paid for and owned by the BANK and furnished for use by the EXECUTIVE. In addition, the BANK shall provide
automobile insurance and other insurances which it deems in its sole discretion to be necessary and with an agent, insurance company, insurance broker, and insurance program which it, in its sole discretion, determines to be proper and according to
its terms and conditions which it, in its sole discretion, determines to be necessary. The BANK shall provide to EXECUTIVE gasoline and other maintenance expenses for the vehicle; provided, however, that EXECUTIVE shall, at the request of the BANK,
faithfully maintain the vehicle and provide the BANK with any and all written reports and logs which the BANK may require from time to time documenting the use and maintenance of the vehicle. 
 8. 
 The BANK shall provide, at no cost to
EXECUTIVE, one (1) health club membership to EXECUTIVE and EXECUTIVE’S family comparable to Red Lerille’s Health Club, Lafayette, Louisiana, and one (1) dinner club membership to the City Club of Lafayette, Louisiana. 

9. 
 The BANK and EXECUTIVE do hereby agree and contract that should a change of control in the ownership or management of the BANK occur as a result of a sale or merger, which change of control results in one of the following events: (1) a
reduction in the salary or benefits of the EXECUTIVE in effect before the effective date of said

 
change of control, within two years after the effective date of said change of control; or (2) a requirement that EXECUTIVE move her residence out of Lafayette, Louisiana; or (3) a
requirement that EXECUTIVE engage in excessive business travel (i.e., travel of more than 75 miles from Lafayette, Louisiana for more than an average of 7 business days per month) as part of her job duties; or (4) that the EXECUTIVE’S
office is moved outside of the Lafayette MSA; then EXECUTIVE, in her sole discretion and at her option, shall have the right to resign her employment and shall receive as severance pay a sum equal to one times the EXECUTIVE’S yearly annual base
salary in effect immediately before the effective date of change of control. The severance pay available pursuant to this paragraph shall be payable in twelve equal installments, the first to begin on or before the thirtieth (30th) day after the resignation, and each subsequent installment to
be made on the first day of each month thereafter until paid. Such resignation shall be in writing, shall be provided to the Chairman of the Board of the BANK or subsequent bank, by certified mail, return receipt requested, and shall specifically
declare that it is being provided pursuant to this paragraph due to a change of control resulting in one or more events, as described in this paragraph. In order to exercise the rights granted in this paragraph, the written notice of resignation and
declaration specified above must be given within one year after the event occurs. 
 10. 
 The Agreement shall supersede the terms of any prior employment agreement or understanding between EXECUTIVE and BANK.

 11. 
 This Agreement may be modified or amended only in writing signed by the EXECUTIVE and a duly authorized agent of BANK’S Board of Directors in his official capacity representing the Board. 

Dated and Executed this 10th day of February, 1999. 
  

			
	 EXECUTIVE:

	
	 /s/ KAREN HAIL

	 KAREN HAIL

	
	 MIDSOUTH NATIONAL BANK:

		
	 BY:
	 	 /s/ WILL G. CHARBONNET

		 	 WILL G. CHARBONNET

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