Document:

MainBancorp, Inc. 1996 Employee Stock option Plan

 EXHIBIT 4.2 
  

1996 EMPLOYEE STOCK OPTION PLAN 
 OF 
 MAINBANCORP, INC. 
  
 1. Purpose. This 1996 Employee Stock Option Plan (the “Plan”) of MainBancorp, Inc. (the “Company”) is adopted for the benefit
of certain key employees (the “Key Employees”) of the Company. The proper execution of the duties and responsibilities of the Key Employees is a vital factor in the growth and success of the Company. Toward this end, it is necessary to
attract and retain effective and capable employees to assume positions that contribute materially to the successful operation of the business of the Company. It will benefit the Company, therefore, to bind the interests of these persons more closely
to its own interests by offering them an attractive opportunity to acquire a proprietary interest in the Company and thereby provide them with added incentive to remain in its employ and to increase the prosperity, growth, and earnings of the
Company. This stock option plan will serve these purposes. 
  
 2.
Administration. The Plan shall be administered by a Committee of the Board of Directors of the Company (the “Committee”), the members of which shall consist solely of directors who are not eligible to participate in the Plan. For
the purposes of the Plan, a majority of the members of the Committee shall constitute a quorum for the transaction of business, and the vote of a majority of those members present at any meeting shall decide any question brought before that meeting.
In addition, the Committee may take any action otherwise proper under the Plan by the affirmative vote, taken without a meeting, of a majority of its members. No member of the Committee shall be liable for any act or omission on his own part,
including but not limited to the exercise of any power or discretion given to him under the Plan, except those resulting from his own gross negligence or willful misconduct. Except as otherwise expressly provided for herein, all questions of
interpretation and application of the Plan, or as to options granted hereunder (the “Options”), shall be subject to the determination, which shall be final and binding, of a majority of the whole Committee. 
  
 Participation in the Plan shall be limited to such Key Employees of the
Company who are regular, full-time employees of the Company. The Committee shall from time to time designate those Key Employees who, in its opinion, shall receive Options, and the numbers of shares on which Options, should be granted to each such
person. 
  
 3. Option Shares. The stock subject to the
Options and other provisions of the Plan shall be shares of the Company’s Class A Common Stock, $.10 par value (or such other par value as may be designated by act of the Company’s shareholders) (the “Common Stock”). The total
amount of the Common Stock with respect to which Options may be granted shall not exceed in the aggregate 150,000 shares; provided, that the class and aggregate number of shares which may be subject to the Options granted hereunder shall be subject
to adjustment in accordance with the provisions of Paragraph 12 hereof. Such shares may be treasury shares or authorized but unissued shares. Proceeds from the purchase of shares of Common Stock upon the exercise of Options granted pursuant to the
Plan shall be used for the general purposes of the Company. 
  
 In
the event that any outstanding Option for any reason shall expire or terminate by reason of the death of the optionee, the fact that the optionee ceases to be an employee, or for 

 
any other reason, the shares of Common Stock allocable to the unexercised portion of such Option may again be subject to an Option under the Plan.

  
 4. Grant of Options. Subject to the availability under
the Plan of a sufficient number of shares of Common Stock that may be issuable upon the exercise of outstanding Options, Options shall be granted in accordance with the following: 
  
 (a) The Committee shall determine the amount of any Options granted under the Plan to any Key Employee. 
  
 (b) The purchase price per share of the shares subject to each Option (the
“Option Price”) shall be established by the Committee at the time of the grant of Options pursuant to the Plan, and such Option Price shall not be less than the fair market value (as defined in paragraph 7) of a share of Common Stock on
the date on which the Option is granted. 
  
 (c) Each Option,
subject to the other limitations set forth in the Plan, may extend for a period of up to 10 years from the date on which it is granted. The term of each Option shall be determined by the Committee at the time of grant of the Option, provided that if
no term is established by the Committee the term of the Option shall be 10 years from the date on which it is granted. 
  
 (d) No Option shall be granted pursuant to the Plan after the tenth anniversary of the approval of the Plan by the shareholders. 
  
 5. Duration of Options. Each Option granted under the Plan shall be
exercisable for the term set by the Committee, subject to earlier termination as provided in Paragraph 9 hereof. 
  
 6. Amount Exercisable. Unless otherwise provided by the Committee, the number of shares of Common Stock subject to each Option shall be divided
into five installments of 20% each. The first installment shall be exercisable 12 months after the date the Option was granted, and each succeeding installment shall be exercisable 12 months after the date the immediately preceding installment
became exercisable. 
  
 7. Exercise of Options. An optionee
may exercise such optionee’s Option by delivering to the Company a written notice stating (i) that such optionee wishes to exercise such Option on the date such notice is so delivered, (ii) the number of shares of stock with respect to which
such Option is to be exercised, (iii) the address to which the certificate representing such shares of stock should be mailed, and (iv) the social security number of such optionee. In order to be effective, such written notice shall be accompanied
by (i) payment of the Option Price of such shares of stock and (ii) if applicable, payment of an amount of money necessary to satisfy any withholding tax liability that may result from the exercise of such Option. Each such payment shall be made by
cashier’s check drawn on a national banking association and payable to the order of the Company in United States dollars. 
  
 As promptly as practicable after the receipt by the Company of (i) such written notice from the optionee, (ii) payment of the Option Price of the shares
of stock with respect to which such Option is to be exercised, and (iii) payment, if required, of an amount necessary to satisfy any withholding tax liability that may result from the exercise of such Option, the 

  

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Company shall deliver to the Optionee a certificate representing the number of shares of stock with respect to which such Option has been so exercised,
reduced, to the extent applicable by the number of shares retained by the Company to pay any required withholding tax, such certificate to be registered in the name of such optionee, provided that such delivery shall be considered to have been made
when such certificate shall have been mailed, postage prepaid, to such optionee at the address specified for such purpose in such written notice from the optionee to the Company. 
  
 For purposes of Paragraphs 4 and 7, the “fair market value” of a share of stock as of any particular date shall
mean the closing sale price of a share of Common Stock on that date as reported by the principal national securities exchange on which the Common Stock is listed if the Common Stock is then listed on a national securities exchange, or if the Common
Stock is not so listed, the average of the bid and asked price of a share of Common Stock on that date and reported in the National Association of Securities Dealers Automated Quotation system (the “NASDAQ System”); provided that if no
such closing price or quotes are so reported on that date or if in the discretion of the Committee another means of determining the fair market value of a share of stock at such date shall be necessary or advisable, the Committee may provide for
another means for determining such fair market value. 
  
 8.
Transferability of Options. Options shall not be transferable by the optionee otherwise than by will or under the laws of descent and distribution, and shall be exercisable, during his lifetime, only by optionee. 
  
 9. Termination. Except as may be otherwise expressly provided herein,
each Option, to the extent it shall not previously have been exercised, shall terminate on the earlier of the following: 
  
 (a) On the last day within the three month period commencing on the date on which the optionee ceases to be an employee of the Company, for any reason
other than the death, disability or retirement of the optionee, during which period the optionee shall be entitled to exercise all Options fully vested (as described in Paragraph 6) to the optionee as of the date on which the optionee ceased to be
an employee of the Company; 
  
 (b) On the last day within the one
year period commencing on the date on which the optionee ceases to be an employee of the Company because of permanent disability, during which period the optionee (or optionee’s personal representative or heirs) shall be entitled to exercise
all Options fully vested (as described in Paragraph 6) to the optionee as of the date on which the optionee ceased to be an employee of the Company because of such disability; 
  
 (c) On the last day within the one year period commencing on the date of the optionee’s death while serving as an
employee of the Company, during which period the executor or administrator of the optionee’s estate or the person or persons to whom the optionee’s Option shall have been transferred by will or the laws of descent or distribution, shall be
entitled to exercise all Options fully vested (as described in Paragraph 6) to the optionee as of the date of his death. 
  

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 (d) On the last day within the one year period commencing on the date of retirement of an optionee from
employment with the Company, during which period the optionee, or the executor or administrator of the optionee’s estate or the person or persons to whom such Option shall have been transferred by the will or the laws of descent or distribution
in the event of the optionee’s death within such one year period, as the case may be, shall be entitled to exercise all Options fully vested (as described in Paragraph 6) to the optionee as of the date of such retirement (for purposes of this
Paragraph 9, “retirement” means voluntary or involuntary termination of an optionee’s employment with the Company at a time when (i) the optionee is 62 years of age or older, or (ii) the optionee has been employed by the Company for
at least ten years and the optionee’s age plus years of such employment total not less than 55 years); and 
  
 (e) Ten years (or such shorter period as may be set by the Committee) after the date of grant of such Option. 
  
 10. Requirements of Law. The Company shall not be required to sell or
issue any shares under any Option if the issuance of such shares shall constitute a violation by the optionee or the Company of any provisions of any law or regulation of any governmental authority. Each Option granted under the Plan shall be
subject to the requirements that, if at any time the Board of Directors of the Company or the Committee shall determine that the listing, registration or qualification of the shares subject thereto upon any securities exchange or under any state or
federal law of the United States or of any other country or governmental subdivision thereof, or the consent or approval of any governmental regulatory body, or investment or other representations, are necessary or desirable in connection with the
issue or purchase of shares subject thereto, no such Option may be exercised in whole or in part unless such listing, registration, qualification, consent, approval or representation shall have been effected or obtained free of any conditions not
acceptable to the Board of Directors. If required at any time by the Board of Directors or the Committee, an Option may not be exercised until the optionee has delivered an investment letter to the Company. In addition, specifically in connection
with the Securities Act of 1933 (as now in effect or hereafter amended), upon exercise of any Option, the Company shall not be required to issue the underlying shares unless the Committee has received evidence satisfactory to it to the effect that
the holder of such Option will not transfer such shares except pursuant to a registration statement in effect under such Act or unless an opinion of counsel satisfactory to the Company has been received by the Committee to the effect that such
registration is not required. Any determination in this connection by the Committee shall be final, binding and conclusive. In the event the shares issuable on exercise of an Option are not registered under the Securities Act of 1933, the Company
may imprint on the certificate for such shares the following legend or any other legend which counsel for the Company considers necessary or advisable to comply with the Securities Act of 1933: 
  
 “The shares of stock represented by this certificate have not been
registered under the Securities Act of 1933 or under the securities laws of any state and may not be sold or transferred except upon such registration or upon receipt by the corporation of an opinion of counsel satisfactory, in form and substance to
the corporation, that registration is not required for such sale or transfer.” 
  

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 The Company may, but shall in no event be obligated to, register any securities covered hereby pursuant to the Securities
Act of 1933 (as now in effect or as hereafter amended) and, in the event any shares are so registered, the Company may remove any legend on certificates representing such shares. The Company shall not be obligated to take any other affirmative
action in order to cause the exercise of an Option or the issuance of shares pursuant thereto to comply with any law or regulation of any governmental authority. 
  
 11. No Rights as Shareholder. No optionee shall have rights as a shareholder with respect to shares covered by this
Option until the date of issuance of a stock certificate for such shares; and, except as otherwise provided in Paragraph 12 hereof, no adjustment for dividends, or otherwise, shall be made if the record date therefor is prior to the date of issuance
of such certificate. 
  
 12. Changes in the Company’s
Capital Structure. The existence of outstanding Options shall not affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or other changes in the
Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stock ahead of or affecting the Common Stock or the rights thereof, or the dissolution
or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
  
 If the Company shall effect a subdivision or consolidation of shares or other capital adjustment of, or the payment of a
dividend in capital stock or other equity securities of the Company on, its Common Stock, or other increase or reduction of the number of shares of the Common Stock without receiving consideration therefor in money, services, or property, or the
reclassification of its Common Stock, in whole or in part, into other equity securities of the Company, then (a) the number, class and per share price of shares of stock subject to the outstanding Options hereunder shall be appropriately adjusted
(or in the case of the issuance of equity securities as a dividend on, or in a reclassification of, the Common Stock, the Options shall extend to such other securities) in such a manner as to entitle an optionee to receive, upon exercise of an
Option, for the same aggregate cash compensation, the same total number and class or classes of shares (or in the case of a dividend of, or reclassification into, other equity securities, such other securities) he would have held after such
adjustment if he had exercised his Option in full immediately prior to the event requiring the adjustment, or, if applicable, the record date for determining shareholders to be affected by such adjustment; and (b) the number and class of shares then
reserved for issuance under the Plan (or in the case of, a dividend of, or reclassification into, other equity securities, such other securities) shall be adjusted by substituting for the total number and class of shares of stock then received, the
number and class or classes of shares of stock (or in the case of a dividend of, or reclassification into, other equity securities, such other securities) that would have been received by the owner of an equal number of outstanding shares of Common
Stock as the result of the event requiring the adjustment. Comparable rights shall accrue to each optionee in the event of successive subdivision, consolidations, capital adjustment, dividends or reclassifications of the character described above.

  

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 If the Company shall distribute to all holders of its shares of Common Stock (including any such
distribution made to non-dissenting shareholders in connection with a consolidation or merger in which the Company is the surviving corporation and in which holders of shares of Common Stock continue to hold shares of Common Stock after such merger
or consolidation) evidences of indebtedness or cash or other assets (other than cash dividends payable out of consolidated retained earnings and dividends or distributions payable in shares of Common Stock or other equity securities of the Company
described in the immediately preceding paragraph), then in each case the Option Price shall be adjusted by reducing the Option Price in effect immediately prior to the record date for the determination of shareholders entitled to receive such
distribution by the fair market value, as determined in good faith by the Board of Directors of the Company (whose determination shall be described in a statement filed in the Company’s corporate records and be available for inspection by any
holder of an Option) of the portion of the evidence of indebtedness or cash or other assets so to be distributed applicable to one share of Common Stock; provided that in no event shall the Option Price be less than the par value of a share of
Common Stock. Such adjustment shall be made whenever any such distribution is made, and shall become effective on the date of the distribution retroactive to the record date for the determination of the shareholders entitled to receive such
distribution. Comparable adjustments shall be made in the event of successive distributions of the character described above. 
  
 After the merger of one or more corporations into the Company, after any consolidation of the Company and one or more corporations, or after any other
corporate transaction described in Section 424(a) of the Internal Revenue Code of 1986, as amended (the “Code”) in which the Company shall be the surviving corporation, each optionee, at no additional cost, shall be entitled to receive,
upon any exercise of his Option, in lieu of the number of shares as to which the Option shall then be so exercised, the number and class of shares of stock or other equity securities to which the optionee would have been entitled pursuant to the
terms of the agreement of merger or consolidation if at the time of such merger or consolidation such optionee had been a holder of a number of shares of Common Stock equal to the number of shares as to which the Option shall then be so exercised
and, if as a result of such merger, consolidation or other transaction, the holders of Common Stock are not entitled to receive any shares of Common Stock pursuant to the terms thereof, each optionee, at no additional costs, shall be entitled to
receive, upon exercise of his Option, such other assets and property, including cash, to which he would have been entitled if at the time of such merger, consolidation or other transaction he had been the holder of the number of shares of Common
Stock equal to the number of shares as to which the Option shall then be so exercised. Comparable rights shall accrue to each optionee in the event of successive mergers or consolidations of the character described above. 
  
 After a merger of the Company into one or more corporations, after any
consolidation of the Company and any one or more corporations, or after any other corporate transaction described in Section 424(a) of the Code in which the Company is not the surviving corporation, each optionee shall, at no additional cost, be
entitled at the option of the surviving corporation, (i) to have his then existing Option assumed or to have a new option substituted for the existing Option by the surviving corporation to the transaction which is then employing him, or a parent or
subsidiary of such corporation, on a basis where the excess of the aggregate fair market value of the shares subject to the option immediately after the substitution or assumption 

  

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over the aggregate option price of such option is equal to the excess of the aggregate fair market value of all shares subject to the option immediately
before such shares subject to the new option must be traded on the New York Stock Exchange or the American Stock Exchange or quoted on the NASDAQ, or (ii) to receive upon any exercise of his Option, in lieu of the number of shares as to which the
Option shall then be so exercised, the securities, property and other assets, including cash, to which the Optionee would have been entitled pursuant to the terms of the agreement of merger or consolidation or the agreement giving rise to the other
corporate transaction if at the time of such merger, consolidation or other transaction such optionee had been the holder of the number of shares of Common Stock equal to the number of shares as to which the Option shall then be so exercised.

  
 Notwithstanding any provisions of this Plan to the contrary,
Options shall become immediately exercisable in the event of a change of control of the Company unless the Committee shall otherwise determine prior to such Change of Control. For purposes of this Plan, a Change of Control of the Company shall be
deemed to have occurred if: 
  
 (a) As a result of, or in
connection with, any tender offer or exchange offer, merger or other business combination, sale of assets or contested election, or any combination of the foregoing transactions, the persons who were directors of the Company before the transaction
shall cease to constitute a majority of the board of directors of the Company or any successor to the Company; 
  
 (b) The Company is merged or consolidated with another corporation or other entity and as a result of such merger or consolidation less than fifty percent
(50%) of the then outstanding voting securities of the surviving or resulting corporation shall be owned in the aggregate by the former shareholders of the Company; 
  
 (c) A tender offer or exchange offer is made and consummated for the ownership of the securities of the Company representing
fifty percent (50%) or more of the combined voting power of the Company’s then outstanding voting securities; or 
  
 (d) The Company transfers substantially all of its assets to another corporation that is not a wholly-owned subsidiary of the Company. 
  
 For purposes of this Paragraph 12, “Current Market Price” per share
of Common Stock shall mean the closing price of a share of Common Stock on the principal national securities exchange on which the Common Stock is listed or, if the Common Stock is not so listed, the average of the bid and asked price of a share of
Common Stock as reported in the NASDAQ System, in each case on the trading day immediately preceding the first trading day on which, as a result of the establishment of a record date or otherwise, the trading price reflects that an acquiror of
Common Stock in the public market will not participate in or receive the payment of any applicable dividend or distribution. 
  
 Except as hereinbefore expressly provided, the issue by the Company of shares of Common Stock of any class, or securities convertible into shares of stock
of any class, for cash or property, or for labor or services either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the Company 

  

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convertible into such shares or other securities, shall not affect, and no adjustment by reason thereof shall be made with respect to, the number or price of
shares of Common Stock then subject to outstanding Options. 
  
 If
any event occurs as to which, in the opinion of the Committee, the above antidilution provisions of this paragraph 12 are not strictly applicable or if strictly applicable would not fairly protect the rights of optionees in accordance with the
intent of such provision, then the Board of Directors of the Company shall make an appropriate adjustment in the exercise price or the number of shares subject to outstanding Options so as to protect the rights of optionees. 
  
 13. Amendment or Termination of Plan. The Board of Directors may
modify, revise or terminate the Plan at any time and from time to time; provided, however, that without the further approval of the holders of a majority of the total voting power of the voting shares of the Company represented at a meeting of
shareholders of the Company, or if the provision of the corporate charter, by-laws or applicable state law prescribes a greater degree of shareholder approval for this action, without the degree of shareholder approval thus required, the Board of
Directors may not (a) change the aggregate number of shares which may be issued under Options pursuant to the provisions of the Plan; (b) reduce the option price permitted for the Options; (c) extend the term during which an option may be exercised
or the termination date of the Plan; or (d) materially increase any other benefits accruing to Key Employees under the Plan or materially modify the requirements as to eligibility for participation in the Plan unless, in each such case, the Board of
Directors of the Company shall have obtained an opinion of legal counsel to the effect that shareholder approval of the amendment is not required (i) by law, (ii) by the applicable rules and regulations of, or any agreement with, any national
securities exchange that the Common Stock is then listed on or if the Common Stock is not so listed, the rules and regulations, or any agreement with, the National Association of Securities Dealers, Inc., and (iii) in order to make available to the
optionee with respect to any option granted under the Plan, the benefits of Rule 16b-3 of the Rules and Regulations under the Securities Exchange Act of 1934, or any similar or successor rule. In addition, the terms of the Plan relating to the
number of shares that may be subject to an Option, the times at which Options shall be granted, and the means by which the Option Price of Options granted is to be determined shall not be amended more than once every six months, other than to
comport with changes in the Code, the Employee Retirement Income Security Act or the rules thereunder. 
  
 14. Written Agreement. Each Option granted hereunder shall be embodied in a written option agreement, which shall be subject to the terms and
conditions prescribed above, and shall be signed by the optionee and by the appropriate officer of the Company for and in the name and on behalf of the Company. Such an option agreement shall contain such other provisions as the Committee in its
discretion shall deem advisable. 
  
 15. Indemnification of
Committee. The Company shall indemnify each present and future member of the Committee against, and each member of the Committee shall be entitled without further act on his part to indemnity from the Company for, all expenses (including the
amount of judgments and the amount of approved settlements made with a view to the curtailment of costs of litigation, other than amounts paid to the Company itself) reasonably incurred by him in connection with or arising out of any action, suit or
proceeding in which he 

  

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may be involved by reason of his being or having been a member of the Committee, whether or not he continues to be such member of the Committee at the time
of incurring such expenses; provided, however, that such indemnity shall not include any expenses incurred by any such member of the Committee (a) in respect of matters as to which he shall be finally adjudged in any such action, suit or proceeding
to have been guilty of gross negligence or willful misconduct in the performance of his duty as such member of the Committee, or (b) in respect of any matter in which any settlement is effected, to any amount in excess of the amount approved by the
Company on the advice of its legal counsel; and provided further, that no right of indemnification under the provisions set forth herein shall be available to or enforceable by any such member of the Committee unless, within sixty (60) days after
institution of any such action, suit or proceeding, he shall have offered the Company, in writing, the opportunity to handle and defend same at its own expense. The foregoing right of indemnification shall inure to the benefit of the heirs,
executors or administrators of each such member of the Committee and shall be in addition to all other rights to which such member of the Committee may be entitled to as a matter of law, contract, other otherwise. Nothing in this Paragraph 15 shall
be construed to limit or otherwise affect any right to indemnification, or payment of expense, or any provisions limiting the liability of any officer or director of the Company or any member of the Committee, provided by law, the Certificate of
Incorporation of the Company or otherwise. 
  
 16. Effective
Date of Plan. This Plan shall be effective on December 29, 1996, on which date it was approved by the holders of all of the shares of stock of the Company outstanding on such date. Effective March 10, 1998, this Plan was amended to increase the
number of shares of Common Stock subject to the Plan from 80,000 to 150,000. 
  

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 STOCK OPTION AGREEMENT 
 UNDER THE 1996 EMPLOYEE STOCK 
 OPTION PLAN OF MAINBANCORP, INC. 
  
 Effective April 1, 1998 (the “Grant Date”), MainBancorp, Inc. (the
“Company”) hereby grants to _________________________ (the “Optionee”), an employee of the Company, a stock option (the “Option”) to purchase from the Company up to but not exceeding in the aggregate ________ shares
(the “Option Shares”) of Class A Common Stock, par value $0.10 per share, of the Company at an exercise price of $18.14 per share, subject to the following terms and conditions: 
  
 1. This Option is granted pursuant to the 1996 Employee Stock Option Plan, as amended, of MainBancorp, Inc. (the
“Plan”) approved by resolutions adopted by the Board of Directors of the Company and by holders of all of the outstanding stock of the Company. By executing this Agreement, the Optionee acknowledges that (i) he has received a copy of and
is familiar with the terms of the Plan, which Plan is hereby incorporated herein by reference in its entirety, and (ii) that this Stock Option Agreement is subject to all the terms and provisions of the Plan. In the event of a conflict between the
Plan and this Stock Option Agreement, the language of the Plan shall, under any circumstance, be controlling. 
  
 2.      (a) Subject to prior termination as set forth in Section 2(c), the Option shall vest and be exercisable as follows:
the number of Option Shares shall be divided into five installments of 20% each. The first installment shall be exercisable 12 months after the Grant Date, and each succeeding installment shall be exercisable 12 months after the date the immediately
preceding installment became exercisable. 
  
 (b) Exercisable but
unpurchased Option Shares subject to the Option shall remain available for purchase until the Option terminates in accordance with the terms of Section 2(c). 
  

(c) Except as may be otherwise expressly provided in the Plan, the Option, to the extent it shall not previously have been exercised, shall terminate
on the earlier of the following: 
  
 (i) On the last day within
the three month period commencing on the date on which the Optionee ceases to be an employee of the Company, for any reason other than the death, disability or retirement of the Optionee, during which period the Optionee shall be entitled to
exercise all Options fully vested (as described in Section 2(a)) to the Optionee as of the date on which the Optionee ceased to be an employee of the Company; 
  

(ii) On the last day within the one year period commencing on the date on which the Optionee ceases to be an employee of the Company because of
permanent disability, during which period the Optionee (or Optionee’s personal representative or heirs) shall be entitled to exercise all Options fully vested (as described in Section 2(a)) to the Optionee as of the date on which the Optionee
ceased to be an employee of the Company because of such disability; 

 (iii) On the last day within the one year period commencing on the date of the Optionee’s death
while serving as an employee of the Company, during which period the executor or administrator of the Optionee’s estate or the person or persons to whom the Option shall have been transferred by will or the laws of descent or distribution,
shall be entitled to exercise all Options fully vested (as described in Section 2(a)) to the Optionee as of the date of his death. 
  
 (iv) On the last day within the one year period commencing on the date of retirement of the Optionee from employment with the Company, during which
period the Optionee, or the executor or administrator of the Optionee’s estate or the person or persons to whom such Option shall have been transferred by the will or the laws of descent or distribution in the event of the Optionee’s death
within such one year period, as the case may be, shall be entitled to exercise all Options fully vested (as described in Section 2(a)) to the Optionee as of the date of such retirement (for purposes of this section, “retirement” means
voluntary or involuntary termination of the Optionee’s employment with the Company at a time when (i) the Optionee is 62 years of age or older, or (ii) the Optionee has been employed by the Company for at least ten years and the Optionee’s
age plus years of such employment total not less than 55 years); and 
  
 (v) Ten (10) years after the Grant Date. 
  
 (d) The
Optionee shall not be or have any of the rights or privileges of a shareholder of the Company in respect of any shares purchasable upon the exercise of any part of the Option unless and until certificates representing such shares shall have been
issued by the Company to the Optionee. 
  
 3. Subject to the
limitations set forth herein and in the Plan, this Option may be exercised by written notice delivered to the Company. Such notice shall state (i) that the Optionee wishes to exercise the Option on the date the notice is so delivered, (ii) the
number of Option Shares with respect to which such Option is to be exercised, (iii) the address to which the certificate representing the Option Shares should be mailed, and (iv) the social security number of the Optionee. In order to be effective,
such written notice shall be accompanied by (i) payment of the aggregate exercise price of such Option Shares and (ii) if applicable, payment of an amount of money necessary to satisfy any withholding tax liability that may result from the exercise
of such Option. Each such payment shall be made by cashier’s check drawn on a national banking association and payable to the order of the Company in United States dollars. 
  
 4. The Company shall not be required to sell or issue any Option Shares under the Option if the issuance of such shares
shall constitute a violation by the Optionee or the Company of any provisions of any law or regulation of any governmental authority. The Option shall be subject to the requirements that, if at any time the Board of Directors of the Company or the
committee administering the Plan (the “Committee”) shall determine that the listing, registration or qualification of the shares subject thereto upon any securities exchange or under any state or federal law of the United States or of any
other country or governmental subdivision thereof, or the consent or approval of any governmental regulatory body, or investment or other representations, are necessary or desirable in connection with the issue or purchase of shares subject thereto,
the Option may not be exercised in whole or in part unless such listing, 

  

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registration, qualification, consent, approval or representation shall have been effected or obtained free of any conditions not acceptable to the Board of
Directors. If required at any time by the Board of Directors or the Committee, the Option may not be exercised until the Optionee has delivered an investment letter to the Company. In addition, specifically in connection with the Securities Act of
1933 (as now in effect or hereafter amended), upon exercise of the Option, the Company shall not be required to issue the Option Shares unless the Committee has received evidence satisfactory to it to the effect that the Optionee will not transfer
such shares except pursuant to a registration statement in effect under such Act or unless an opinion of counsel satisfactory to the Company has been received by the Committee to the effect that such registration is not required. In the event the
shares issuable on exercise of the Option are not registered under the Securities Act of 1933, the Company may imprint on the certificate for such shares the following legend or any other legend which counsel for the Company considers necessary or
advisable to comply with the Securities Act of 1933: 
  
 “The shares of stock represented by this certificate have not been registered under the Securities Act of 1933 or under the securities laws of any state and may not be sold or transferred except upon such registration or upon receipt
by the corporation of an opinion of counsel satisfactory, in form and substance to the corporation, that registration is not required for such sale or transfer.” 
  
 The Company may, but shall in no event be obligated to, register any securities covered hereby pursuant to the Securities Act of 1933 (as
now in effect or as hereafter amended) and, in the event any shares are so registered, the Company may remove any legend on certificates representing such shares. The Company shall not be obligated to take any other affirmative action in order to
cause the exercise of the Option or the issuance of Option Shares to comply with any law or regulation of any governmental authority. 
  
 5. The Optionee’s rights hereunder are personal; no assignment or transfer of the Optionee’s rights under or interest in this Option may be made
by the Optionee other than by will or by the laws of descent and distribution. 
  
 6. Neither the existence of the Plan nor this Option shall affect in any way the right or power of the Company or its shareholders to make or authorize any or all adjustments, recapitalizations, reorganizations or
other changes in the Company’s capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures, preferred or prior preference stocks ahead of or affecting the common stock or the rights
thereof, or the dissolution or liquidation of the Company, or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. 
  

 -3- 

 Dated as of April 1, 1998. 
  

	MAINBANCORP, INC.
		
	 By:
	 	 
	 	

	 Name:
	 	 
	 	

	 Title:
	 	 
	 	

  
 This Option has
been accepted by the undersigned, subject to the terms and provisions of the Plan and of this Agreement. The undersigned has received and reviewed a copy of the Plan. 
  
 Dated ___________, 1998. 
  

	
	  
	

	                                      
                          , Optionee

  

 -4-Form of MainBancorp, Inc. Non-Qualified Stock Option Agreement

 EXHIBIT 4.3 
  

FORM OF 
 MAINBANCORP, INC.

 NON-QUALIFIED STOCK OPTION AGREEMENT 
  
 DATE:                          

 
 DIRECTOR/OPTIONEE:
                         
  

NUMBER OF SHARES OF 
 COMMON STOCK SUBJECT 
 TO THIS AGREEMENT:                         

  
 The Board of Directors of MainBancorp, Inc. (the
“Company”) has granted to you, as of the date set forth above, an option (the “Option”) to purchase the number of shares of the Company’s Class A Common Stock, $.10 par value (“Common Stock”), set forth above. Such
shares (as the same may be adjusted as described in Section 13 below) are herein referred to as the “Option Shares.” The Option shall constitute and be treated at all times by you and the Company as a “non-qualified stock option”
for Federal income tax purposes and shall not constitute and shall not be treated as an “incentive stock option” as defined under Section 422(b) of the Internal Revenue Code of 1986 as amended (the
“Code”). This Option is one of four options granted to the non-employee directors of the Bank (as defined below) and all such options shall constitute a “plan” under the Securities Act of 1933 and the Texas Securities Act. The
terms and conditions of the Option are set out below. 
  
 1.
Date of Grant. The Option is granted to you as of April 1, 1998. 
  
 2. Termination of Option. Your right to exercise the Option (and to purchase the Option Shares) shall expire and terminate in all events on the earlier to occur of (i) April 1, 2008, or (ii) the date provided in Section 11 below in
the event you cease to serve as a director of Main Bank, National Association (the “Bank”), being the Company’s bank subsidiary. 
  
 3. Option Price. The purchase price to be paid upon the exercise of the Option will be $18.14 per share, subject to adjustment as provided in
Section 13 hereof. 
  
 4. Vesting Provisions - Entitlement to
Exercise the Option and Purchase Option Shares. The Option shall be vested with respect to twenty percent (20%) of the Option Shares (rounded to the nearest whole share) on each anniversary date of the grant date of this Option provided that you
continue to be a member of the Bank’s board of directors on such anniversary date. If you continue to be a director of the Bank until April 1, 2003, the Option shall be fully vested and, subject to the further provisions of this agreement,
fully exercisable. The Option shall not be exercisable as to any portion of the Option Shares as to which the Option has not been vested. 

 5. Additional Provisions Relating to Exercise. 
  
 (a) Once you become entitled (that is “vested”) to exercise the
Option (and purchase Option Shares) as provided in Section 4 hereof, such right will continue until the date on which the Option expires and terminates pursuant to Section 2 hereof. 
  
 (b) The Board of Directors of the Company, in its sole discretion, may at any time accelerate the time at which the Option
may be exercised by you with respect to any Option Shares. 
  
 6.
Exercise of Option. To exercise the Option, you must deliver a completed copy of the attached Option Exercise Form to the principal address of the Company, specifying the number of whole Option Shares being purchased as a result of such
exercise, together with payment of the full option price for the Option Shares being purchased. Payment of the option price must be made in cash or by check. 
  
 7. Transferability of Option. The Option may not be transferred by you (other than by will or the laws of descent and distribution) and may be
exercised during your lifetime only by you. 
  
 8. Right and
Option of Company to Repurchase Shares Upon Your Cessation of Services as Director. 
  
 (a) You hereby agree with the Company that, upon the cessation of your service as a director of the Bank or any of its subsidiaries at any time for any reason (including your resignation, removal, death or
disability), the Company or its designee shall thereupon have the right and the option, but not the obligation, to purchase from you all, or any part of, the Option Shares held by you as of the date your right to exercise the Option shall have
terminated, in accordance with Section 11(a) hereof. The purchase price to be paid by the Company or its designee to purchase Option Shares under this Section 8(a) shall be the fair market value, as determined in the best judgment of the Board of
Directors of the Company (the “Fair Market Value”) of such Option Shares as of the date notice of election shall have been given by the Company or its designee pursuant to Section 8(c) hereof. 
  
 (b) Notwithstanding anything to the contrary contained in this Section 8(b),
upon the election of the Company to purchase any of the Option Shares following the cessation of your service as a director of the Bank, the Company shall be obligated to purchase such Option Shares at the closing referred to in Section 8(c) hereof
only to the extent that the aggregate repurchase for such Option Shares shall not cause the aggregate consideration for all repurchases by the Company of Common Stock to exceed the amount permitted under the Company’s lending arrangements or
other restrictive agreements applicable to the Company. The closing of the purchase of any such shares of Common Stock the consideration for which exceeds the limit set forth in the immediately preceding sentence shall take place within 30 days
after repurchase again is permitted. 
  
 (c) The Company or its
designee may exercise the right and option contained in Section 8(a) hereof by giving you (or, in the case of your death, your legal representative) a written notice of election to purchase at any time within 90 days after the date your right to

  

 -2- 

 
exercise the Option shall have terminated, in accordance with Section 11(a) hereof. Subject to the provisions of Section 8(b) hereof, the closing for the
purchase by the Company or its designee of any such Option Shares pursuant to the provisions of this Section 8 will take place at the offices of the Company on the date specified in such written notice, which date shall be a business day not later
than 60 days after the date such notice is given. At such closing, you will deliver such Option Shares, duly endorsed for transfer, against payment of the purchase price therefor. Such purchase price shall be payable to you by check payable to your
order. To the extent the Company or its designee chooses not to exercise such rights and options under this Section 8 to repurchase any Option Shares, all such Option Shares shall thereafter cease to be subject to the provisions of this Section 8.

  
 9. Bring Along. 
  
 (a) Until the date of the closing of an initial public offering of equity
securities of the Company pursuant to an effective registration statement filed under the Securities Act of 1933, as amended (a “Public Offering”), in the event that the Company shall receive written notification from the holders of 66 and
2/3% of the issued and outstanding shares of capital stock of the Company, calculated on a fully diluted basis, of a bona fide purchase offer or of the terms of a potential bona fide purchase offer to such stockholders for the shares of Common Stock
of the Company held by them (such offers being hereinafter referred to as a “Purchase Offer”), then, at the request of such stockholders, you will be obligated to sell all of the Option Shares held by you on the same terms and conditions
under which the selling stockholders will sell their respective shares of Common Stock of the Company. 
  
 (b) Upon receiving a notice of Purchase Offer from the Company you shall deliver to the Company, as your agent, for transfer to the offeror one or more
certificates, properly endorsed for transfer, which represent all of the Option Shares held by you. 
  
 (c) The stock certificate or certificates delivered by you to the Company pursuant to paragraph 9(b) shall be transferred by the Company to the offeror in
consummation of the sale of the shares of Common Stock of the Company pursuant to the terms and conditions specified in paragraph 9(a) and the Company shall promptly thereafter remit to you that portion of the sale proceeds to which you are entitled
by reason of your participation in such sale. 
  
 10. Transfer
Restrictions on Option Shares. Until the date of the closing of a Public Offering, you hereby agree with the Company not to sell, assign, transfer, convey, pledge or otherwise dispose of any Option Shares held by you (or subject the same to any
lien, encumbrance or other security interest), except by sale for cash to an unrelated third party as follows: 
  
 (a) You shall notify the Company in writing of the proposed sale, specifying the number of such Option Shares proposed to be sold by you, the name of the
proposed purchaser or purchasers and the proposed cash purchase price per share (the “Purchase Price”). The number of such Option Shares so specified will be referred to as the “Offered Shares.” 
  
 (b) Thereupon, the Company shall have the right and option, for a period of
45 days after receipt of such written notice, to purchase all (but not less than all) of the Offered 

  

 -3- 

 
Shares at the Purchase Price per share. The Company shall exercise such right and option to purchase such Offered Shares by mailing a written notice to you.
The closing of any such purchase of such Offered Shares by the Company shall be held at the offices of the Company on the date specified in such notice of exercise, which date shall be a business day, not less than 10 nor more than 20 days after the
date such notice is given by the Company to you. At such closing, you shall deliver the Offered Shares, duly endorsed for transfer, against payment of the Purchase Price per share. Payment of the Purchase Price per share shall be made by check to
your order. 
  
 (c) If the Company shall not elect to purchase
the Offered Shares as provided above in this Section 10, you shall be entitled, for a period of 90 days after the expiration of the 45-day period referred to in Section 10(b) above, to sell all (but not less than all) of the Offered Shares to the
purchaser or purchasers specified in the original notice given by you to the Company, at the Purchase Price per share. Upon the consummation of any such sale, such Offered Shares shall thereafter no longer be subject to any provision of this
Agreement, but if such sale shall not be completed as contemplated by this Section 10(c), such Offered Shares shall once again be subject to the provisions of this Section 10 as if such original notice had not been given by you. 
  
  
 11. Termination of Service as a Director of Bank. 
  
 (a) In the event that your service as a director of the Bank is terminated for any reason other than as a result of your death or disability, then the Option may only be exercised within three months after such termination, and only to the
same extent that you were entitled to exercise the Option on the date your service as a director ended and had not previously done so. 
  
 (b) In the event that you cease to be a director of the Bank by reason of disability or incapacity, the Option may only be exercised within one year after
the date you cease to be so engaged or employed, and only to the same extent that you were entitled to exercise the Option on the date your service as a director ended and had not previously done so. 
  
 (c) In the event that you die while serving as a director of the Bank, the
Option may only be exercised within one year after your death. In such event, the Option may be exercised during such one-year period by the executor or administrator of your estate or by any person who shall have acquired the Option through bequest
or inheritance, but only to the same extent that you were entitled to exercise the Option immediately prior to the time of your death and you had not previously done so. 
  
 (d) Notwithstanding anything to the contrary set forth or implied herein, in the event of a sale of the shares of Common
Stock of the Company in accordance with Section 9 hereof, at the effective time of such sale your right to exercise the Option with respect to all or any portion of the Option Shares (including without limitation any Option Shares which you were
entitled to purchase hereunder but had not previously purchased) shall thereupon terminate. 
  
 (e) Notwithstanding any provision contained in this Section 11 to the contrary, in no event may the Option be exercised to any extent by anyone after April 1, 2008. 
  

 -4- 

 12. Representations. 
  
 (a) You represent and warrant to the Company that, upon exercise of the Option, you will be acquiring the Option Shares for
your own account for the purpose of investment and not with a view to or for sale in connection with any distribution thereof, and you understand that (i) neither the Option nor the Option Shares have been registered with the Securities and Exchange
Commission by reason of their issuance in a transaction exempt from the registration requirements of the Securities Act of 1933, and (ii) the Option Shares must be held indefinitely by you unless a subsequent disposition thereof is registered under
the Securities Act of 1933 or is exempt from such registration. The stock certificates for any Option Shares issued to you will bear the following legend: 
  
 THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE RIGHTS OF THE HOLDER OF THE
SHARES EVIDENCED BY THIS CERTIFICATE ARE SUBJECT TO AND LIMITED BY THE TERMS AND CONDITIONS OF A CERTAIN NON-QUALIFIED STOCK OPTION AGREEMENT DATED AS OF APRIL 1, 1998, BETWEEN THE COMPANY AND THE ORIGINAL HOLDER OF SUCH SHARES. A COPY OF SAID
AGREEMENT, TO WHICH REFERENCE IS HEREBY MADE, IS ON FILE AND MAY BE EXAMINED AT THE OFFICES OF MAINBANCORP, INC. 
  
 (b) You further represent and warrant that you understand the Federal, state and local income tax consequences of the granting of the Option to you, the
acquisition of rights to exercise the Option with respect to any Option Shares, the exercise of the Option and purchase of Option Shares, and the subsequent sale or other disposition of any Option Shares. Specifically, you acknowledge that the
difference between the value of the Option Shares on the date that you exercise the Option, and the amount you pay for the Option Shares will be income to you and that the Company will deduct the same amount as a compensation expense. In addition,
you understand that the Company may be required to withhold Federal, state or local taxes in respect of any compensation income realized by you upon exercise of the Option granted hereunder. To the extent that the Company is required to withhold any
such taxes, you hereby agree that the Company may deduct from any payments of any kind otherwise due to you an amount equal to the total Federal, state and local taxes required to be so withheld, or if such payments are inadequate to satisfy such
Federal, state and local taxes, or if no such payments are due or to become due to you, then you agree to provide the Company with cash funds equal to the total Federal, state and local taxes required to be so withheld, or make other arrangements
satisfactory to the Company regarding such payment. You also agree to complete and sign any tax forms required in connection with your excise of the Option. It is understood that all matters with respect to the total amount of taxes to be withheld
in respect of any such compensation income shall be determined by the Company in its sole discretion. 
  
 13. Adjustments. If the total outstanding shares of Common Stock of the Company shall be increased or decreased or changed into or exchanged for a
different number or kind of shares of stock or other securities of the Company or of another corporation through 

  

 -5- 

 
reorganization, merger or consolidation, recapitalization, stock split, split-up, combination or exchange of shares or declaration of any dividends payable
in stock, then the Board of Directors shall appropriately adjust the number and/or kind of Option Shares (and price per share) subject to the unexercised portion of the Option (to the nearest possible full share) subject in all cases to the
limitations of Section 424 of the Code. 
  
 14. In the event
that the Company experiences a “Change of Control” (as such term is defined in the Company’s 1996 Employee Stock Option Plan, the “ ISO Plan”), then, unless the Company’s Board of Directors determine otherwise, this
Option shall become immediately exercisable at the time of such Change of Control. In its sole discretion, the Company’s Board of Directors shall have the right to either (i) require the Option to be exercised at the time of the Change of
Control, or (ii) to terminate the Option in exchange for cash or cash and other consideration equal to the difference between the aggregate exercise price and the consideration received by holders of Common Stock in the Change of Control
transaction. Any non-cash consideration paid in a Change of Control transaction shall be valued by the Company’s Board of Directors in its reasonable discretion, which valuation shall be binding on you as optionee. 
  
 15. Continuation of Service as a Director. This Option shall not
confer upon you any right to continue to be a director of the Bank, or limit in any respect the right of the Company or the Bank to remove you as a director or terminate your engagement or employment or other relationship with the Company or any
subsidiary or parent thereof, as the case may be, at any time. 
  
 16. Successors and Assigns. This Agreement shall be binding upon and shall inure to the benefit of the Company, its successors and assigns, and the Company shall require any successor or assign to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession or assignment had taken place. The term “Company” as used herein shall include such successors and
assigns. The term “successors and assigns” as used herein shall mean a corporation or other entity acquiring all or substantially all the assets and business of the Company (including this Agreement) whether by operation of law or
otherwise. 
  
 17. Governing Law. This Agreement shall be
governed by and construed in accordance with the laws of the State of Texas. If any one or more provisions of this Agreement shall be found to be illegal or unenforceable in any respect, the validity and enforceability of the remaining provisions
hereof shall not in any way be affected or impaired thereby. 
  

 -6- 

 Please acknowledge your acceptance of, agreement with and receipt of this Agreement by signing the
enclosed copy of this Agreement in the space provided below and returning it promptly to the Company. 
  

	MAINBANCORP, INC.
		
	By:	 	 
	 	

	 Its
	 	 
	 	

  

	 ACCEPTED AND AGREED:

	
	 
	

	Director/Optionee

  

 -7- 

 MAINBANCORP, INC. 
 STOCK OPTION AND RESTRICTED STOCK PURCHASE PLAN 
  
 OPTION EXERCISE FORM 
  

 -8- 

 I,
                                        
            , a current or former director of MainBank, National Association, and being entitled to exercise an option to acquire common stock of MainBancorp, Inc. pursuant to my
Non-Qualified Stock Option Agreement, do hereby exercise the right to purchase                  shares of Class A Common Stock, $.10 par value, of MainBancorp,
Inc. pursuant to the Option granted to me dated April 1, 1998. 
  

	 	 	 	 	 	 	 
				
	 Date:
	 	 	 	 	 	  
	 	
	 	 	

	 	 	 	 	 	 	 Signature

  
 Send a completed
copy of this Option Exercise Form to: 
  
 MainBancorp, Inc.

  
 Attention: Chief Financial Officer

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