Document:

Exhibit 10.2

    

    
      CITY FIRST BANK

      DEFERRED COMPENSATION PLAN

      FOR BRIAN ARGRETT

      (Effective September __, 2018)

      

      

      

      

      The City First Bank Deferred Compensation Plan for Brian Argrett is hereby adopted effective September
        __, 2018 by City First Bank of D.C., National Association (the “Bank”) to permit Executive to defer receipt of certain compensation
        pursuant to the terms and provisions set forth below.

      

      

      The Plan is intended (1) to comply with Code section 409A and official guidance issued thereunder, and
        (2) to be “a plan which is unfunded and is maintained by an employer primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees” within the meaning of sections 201(2), 301(a)(3) and
        401(a)(1) of ERISA.  Notwithstanding any other provision of this Plan, this Plan shall be interpreted, operated and administered in a manner consistent with these intentions.

      

      

      ARTICLE I

      

      

      DEFINITIONS

      

      

      Wherever used herein the following terms shall have the meanings hereinafter set forth:

      

      

      “Account”
        means a bookkeeping account established by the Bank for Executive.

      

      

      “Bank”
        means City First Bank of D.C., National Association.

      

      

      “Base Salary”
        means the regular base salary paid to Executive by the Bank.

      

      

      “Board”
        means the Board of Directors of the Bank and CF Bancorp.

      

      

      “Cause”
        means one or more of only the following events: (i) Executive’s material breach of the Employment Agreement, which breach is not cured within thirty (30) days of receipt by Executive of written notice from the Bank specifying the breach; (ii)
        Executive’s gross negligence or willful misconduct in the performance of his material duties hereunder, material misperformance of such duties, or willful or repeated refusal to abide by or comply with lawful directives of the Board or the Bank’s
        policies and procedures, any of which conduct is not cured within thirty (30) days of receipt by Executive of written notice from the Bank specifying the conduct to be cured; (iii) Executive’s fraud, embezzlement, or theft with respect to the
        business or affairs of the Bank, upon notice from the Bank specifying such fraud, embezzlement, or theft; (iv) Executive’s dishonesty or misconduct with respect to the financial affairs of the Bank, that in the reasonable judgment of the Board
        materially and adversely affects the operations or reputation of the Bank; (v) Executive’s conviction of a felony or of any misdemeanor involving fraud, dishonesty, misappropriation of funds or any property or assets of the Bank, CF Bancorp, City
        First Enterprises, or any of their affiliates; (vi) Executive’s abuse of alcohol or drugs (legal or illegal) that, in the Board’s reasonable judgment, substantially impairs Executive’s ability to perform his duties hereunder after notice and at
        least thirty (30) days’ opportunity to cure; or (vii) a Regulatory Action.

      

      

      
        
          

      

      
      “CF Bancorp”
        means CFBanc Corporation.

      

      

      “Change in
            Control” means a change in the ownership or effective control in CF Bancorp or the Bank, or the ownership of a substantial portion of the Bank’s or CF Bancorp’s assets as defined in Treas. Reg. section 1.409A-3(i)(5).

      

      

      “Code”
        means the Internal Revenue Code of 1986, as amended.

      

      

      “Committee”
        means the Compensation Committee of the Board or such other committee as may be appointed by the Board from time to time.

      

      

      “Disability”
        means Executive’s incapacity due to physical or mental illness or injury, pursuant to which Executive is unable to perform the material duties of his position on a fulltime basis for one hundred and twenty (120) days or more within a twelve-month
        period.

      

      

      “Employment
            Agreement” means the Employment Agreement dated December 29, 2017 by and among the Bank, CFBancorp, and Executive, as it may be amended from time to time.

      

      

      “ERISA”
        means the Employee Retirement Income Security Act of 1974, as amended.

      

      

      “Executive”
        means Brian Argrett.

      

      

      “Good Reason”
        means that, without Executive’s consent, the Bank (i) substantially diminishes his authority, duties, or responsibilities (other than temporarily, while physically or mentally incapacitated), (ii) reduces his Base Salary by a material amount, (iii)
        relocates his principal place of employment, without consent, more than fifty (50) miles; or (iv) commits a material breach of the Employment Agreement.  Executive must give notice to the Bank of his intention to resign for Good Reason within 60
        days after the occurrence of the event that he asserts entitles him to resign for Good Reason. In that notice, he must state the condition that he considers provides him with Good Reason and he must give the Bank an opportunity to cure the
        condition within 30 days after his notice. If the Bank fails to cure the condition, his resignation will be effective on the 45th day after his initial notice (unless the Board has previously waived such notice period in writing or
        agreed to a shorter notice period). Executive will not be treated as resigning for Good Reason if the Bank already had given him written notice of its intention to terminate his employment for Cause as of the date of his notice of resignation.

      

      

      “Plan”
        means the City First Bank Deferred Compensation Plan for Brian Argrett, as set forth herein and as amended from time to time.

      

      

      “Plan Year”
        means January 1 through December 31.

       

      
        2

        
          

      

      “Regulatory
            Action” means (i) Executive is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (“FDIA”), 12
        U.S.C. §§ 1818(e)(3) and (g)(1); (ii) Executive is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. §§ 1818(e)(4) and (g)(1);
        (iii) Executive is subject to any other order or action pursuant to Section 8 of the FDIA; or (iv) Executive is subject to any order or final regulatory action related to his conduct pursuant to any rule of any federal banking agency.

      

      

      “Separation from
            Service” or “Separate from Service” means a “separation from service” within the meaning of Code section 409A.

      

      

      “Vesting Date”
        means the earliest to occur of the following: (i) December 31, 2022; (ii) Executive’s Disability; (iii) Executive’s death; (iv) Executive’s Separation from Service due to involuntary termination without Cause, or (v) Executive’s Separation from
        Service due to resignation for Good Reason upon or following a Change in Control.

      

      

      ARTICLE II

      

      

      ACCOUNT

      

      

      2.1         Discretionary Contributions. For each Plan Year, the Bank shall credit to Executive’s Account a discretionary contribution equal to a percentage of
        Executive’s Base Salary for such Plan Year, which percentage shall be established by the Board in its sole discretion and may be zero. Such discretionary contributions shall be credited to Executive’s Account on the last day of the Plan Year to
        which the discretionary contribution relates.

      

      

      2.2       Vesting.  Executive shall become 100% vested in his Account if Executive remains employed through the Vesting Date; provided that if the Vesting Date
        occurs as a result of Executive’s termination without Cause or resignation for Good Reason upon or following a Change in Control, Executive shall become vested in his Account only if, within sixty (60) days after the date of Executive’s
        termination, Executive has executed and does not revoke a mutually binding release of all claims against the Bank, CF Bancorp, their subsidiaries and affiliates, and their directors, officers, employees, and agents (or Executive), including mutual
        non-disparagement and confidentiality covenants, in the form then provided by the Bank and CF Bancorp.  If Executive’s employment terminates for any reason prior to the Vesting Date, Executive’s entire interest in his Account shall be forfeited.

      

      

      2.3         Payment to Beneficiary.  If Executive dies before full distribution of his Account balance, any remaining balance shall be paid to Executive’s
        beneficiary.  Executive shall designate his beneficiary in a writing delivered to the Committee prior to death in accordance with procedures established by the Committee.  If Executive has not properly designated a beneficiary or if no designated
        beneficiary is living on the date of distribution, such amount shall be distributed to Executive’s estate.

      

      

      
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      2.4         Interest Credits.  As of December 31 of each Plan Year until the full balance of the Account has been distributed, the Bank shall credit Executive’s
        Account with interest at a reasonable rate, equal to the published coupon yield of the long-term credit component of the Bloomberg Barclays Aggregate Index for December of the current Plan Year, multiplied by the Account balance on January 1 of
        such Plan Year.  Nothing in this Section or otherwise in the Plan will require the Bank to actually invest any amounts in any investments.

      

      

      ARTICLE III

      

      

      DISTRIBUTION OF ACCOUNT BALANCE

      

      

      Executive’s vested Account balance, shall be distributed to him in a lump sum payment within sixty (60)
        days following the earliest to occur of the following: (i) December 31, 2022; (ii) Executive’s death; or (iii) Executive’s Separation from Service.

      

      

      Notwithstanding the foregoing, if Executive is treated as a “specified employee” as of his Separation
        from Service under Code section 409A(a)(2)(B)(i), distributions may not be made to Executive upon a Separation from Service before the date which is six months after the date of Executive’s Separation from Service (or, if earlier, the date of
        Executive’s death).  In such event, Executive’s Account balance shall be paid on the first day of the seventh month following Executive’s Separation from Service (or, if earlier, the first day of the month after Executive’s death).

      

      

      ARTICLE IV

      

      

      ADMINISTRATION

      

      

      4.1        General Administration.  The Committee shall be responsible for the operation and administration of the Plan and for carrying out the provisions hereof. 
        The Committee shall have the full authority and discretion to make, amend, interpret, and enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve any and all questions, including interpretations of
        this Plan, as may arise in connection with this Plan.  Any such action taken by the Committee shall be final and conclusive on any party.  To the extent the Committee has been granted discretionary authority under the Plan, the Committee’s prior
        exercise of such authority shall not obligate it to exercise its authority in a like fashion thereafter.  The Committee shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions and reports furnished by any actuary,
        accountant, controller, counsel or other person employed or engaged by the Bank with respect to the Plan.  The Committee may, from time to time, employ agents and delegate to such agents, including employees of the Bank, such administrative or
        other duties as it sees fit.

      

      

      
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      4.2         Claims for Benefits.

      

      

      
        (a)      Filing
              a Claim.  Executive or his beneficiary (the “claimant”) or his authorized representative may file a claim for benefits under the Plan.  Any claim must be in writing and submitted to the Committee at such address as may be specified
          from time to time. The claimant will be notified in writing of approved claims, which will be processed as claimed. A claim is considered approved only if its approval is communicated in writing to the claimant.

      

       

      
        (b)      Denial
              of Claim. In the case of the denial of a claim respecting benefits paid or payable with respect to Executive, a written notice will be furnished to the claimant within 90 days of the date on which the claim is received by the
          Committee.  If special circumstances (such as for a hearing) require a longer period, the claimant will be notified in writing, prior to the expiration of the 90-day period, of the reasons for an extension of time; provided, however, that no
          extensions will be permitted beyond 90 days after the expiration of the initial 90-day period.

      

       

      
        (c)       Reasons for Denial. 
          A denial or partial denial of a claim will be dated and will clearly set forth:

         

        

        
          	 	(i)	
                  the specific reason or reasons for the denial;

                

           

          

          	

                	(ii)	
                  specific reference to pertinent Plan provisions on which the denial is based;

                

           

          

          	

                	(iii)	
                  a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why such material or
                    information is necessary; and

                

           

          

          	

                	(iv)	
                  an explanation of the procedure for review of the denied or partially denied claim set forth below, including the claimant’s right to bring a
                    civil action under ERISA section 502(a) following an adverse benefit determination on review.

                

           

        

      

      
        (d)         Review
              of Denial.  Upon denial of a claim, in whole or in part, the claimant or his authorized representative will have the right to submit a written request to the Committee for a full and fair review of the denied claim by filing a
          written notice of appeal with the Committee within 60 days of the receipt by the claimant of written notice of the denial of the claim.  The claimant or the claimant’s authorized representative will have, upon request and free of charge,
          reasonable access to, and copies of, all documents, records, and other information relevant to the claimant’s claim for benefits and may submit issues and comments in writing.  The review will take into account all comments, documents, records,
          and other information submitted by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination.

      

       

      
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      If the claimant fails to file a request for review within 60 days of the denial notification, the claim
        will be deemed abandoned and the claimant precluded from reasserting it.  If the claimant does file a request for review, his request must include a description of the issues and evidence he deems relevant.  Failure to raise issues or present
        evidence on review will preclude those issues or evidence from being presented in any subsequent proceeding or judicial review of the claim.

      

      

      (e)     Decision
            Upon Review.  The Committee will provide a prompt written decision on review.  If the claim is denied on review, the decision shall set forth:

       

      	

            	(i)	
              the specific reason or reasons for the adverse determination;

            

       

      	

            	(ii)	
              specific reference to pertinent Plan provisions on which the adverse determination is based;

            

       

      	

            	(iii)	
              a statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records,
                and other information relevant to the claimant’s claim for benefits; and

            

       

      	

            	(iv)	
              a statement describing any voluntary appeal procedures offered by the Plan and the claimant’s right to obtain the information about such procedures,
                as well as a statement of the claimant’s right to bring an action under ERISA section 502(a).

            

       

      A decision will be rendered no more than 60 days after the Committee’s receipt of the request for review,
        except that such period may be extended for an additional 60 days if the Committee determines that special circumstances (such as for a hearing) require such extension.  If an extension of time is required, written notice of the extension will be
        furnished to the claimant before the end of the initial 60-day period.

      

      

      
        (f)       Finality
              of Determinations; Exhaustion of Remedies.  To the extent permitted by law, decisions reached under the claims procedures set forth in this Section shall be final and binding on all parties. No legal action for benefits under the
          Plan shall be brought unless and until the claimant has exhausted his remedies under this Section. In any such legal action, the claimant may only present evidence and theories which the claimant presented during the claims procedure. Any claims
          which the claimant does not in good faith pursue through the review stage of the procedure shall be treated as having been irrevocably waived. Judicial review of the claimant’s denied claim shall be limited to a determination of whether the
          denial was an abuse of discretion based on the evidence and theories the claimant presented during the claims procedure.

      

      

      

      
        (g)      Limitations
              Period.  Any suit or legal action initiated by the claimant under the Plan must be brought by the claimant no later than one year following a final decision on the claim for benefits by the Committee.  The one-year limitation on
          suits for benefits will apply in any forum where the claimant initiates such suit or legal action.

      

      

      

      
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          (h)      Disability
                Claims.  Claims for disability benefits shall be determined under DOL Regulation section 2560.503-1 which is hereby incorporated by reference. 

        

      

       

      

      4.3       Indemnification.  To the extent not covered by insurance, the Bank shall indemnify the Committee, each employee, officer, director, and agent of the
        Bank, and all persons formerly serving in such capacities, against any and all liabilities or expenses, including all legal fees relating thereto, arising in connection with the exercise of their duties and responsibilities with respect to the
        Plan, provided however that the Bank shall not indemnify any person for liabilities or expenses due to that person’s own gross negligence or willful    misconduct.

      

      

      ARTICLE V

      

      

      AMENDMENT AND TERMINATION

      

      

      5.1        Amendment or Termination.  The Bank reserves the right to amend or terminate the Plan when, in the sole discretion of the Bank, such amendment or
        termination is advisable, pursuant to a resolution or other action taken by the Committee.

      

      

      5.2         Effect of Amendment or Termination.  Except as provided in the next sentence, no amendment or termination of the Plan shall adversely affect the rights
        of Executive to amounts credited to his Account as of the effective date of such amendment or termination.  Upon termination of the Plan, distribution of balances in Executive’s Account shall be made to Executive or his beneficiary in the manner
        and at the time described in Article IV, unless the Bank determines in its sole discretion that all such amounts shall be distributed upon termination in accordance with the requirements under Code section 409A.  Upon termination of the Plan,
        interest shall continue to be credited to Executive’s Account in accordance with Article III until the Account balances are fully distributed.

      

      

      ARTICLE VI

      

      

      GENERAL PROVISIONS

      

      

      6.1        Rights Unsecured.  The right of Executive or his beneficiary to receive a distribution hereunder shall be an unsecured (but legally enforceable) claim
        against the general assets of the Bank, and neither Executive nor his beneficiary shall have any rights in or against any amount credited to his Account or any other specific assets of the Bank.  Thus, the Plan at all times shall be considered
        entirely unfunded for ERISA and tax purposes.  Any funds set aside by the Bank for the purpose of meeting its obligations under the Plan, including any amounts held by a trustee, shall continue for all purposes to be part of the general assets of
        the Bank and shall be available to its general creditors in the event of the Bank’s bankruptcy or insolvency.  The Bank’s obligation under this Plan shall be that of an unfunded and unsecured promise to pay money in the future.

      

      

      
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      6.2        No Guarantee of Benefits.  Nothing contained in the Plan shall constitute a guarantee by the Bank or any other person or entity that the assets of the
        Bank will be sufficient to pay any benefits hereunder.

      

      

      6.3       No Enlargement of Rights.  Neither Executive nor his beneficiary shall have any right to receive a distribution under the Plan except in accordance with
        the terms of the Plan.  Establishment of the Plan shall not be construed to give Executive the right to continue to be employed by or provide services to the Bank.

      

      

      6.4       Spendthrift Provision.  No interest of any person in, or right to receive a distribution under, the Plan shall be subject in any manner to sale,
        transfer, assignment, pledge, attachment, garnishment, or other alienation or encumbrance of any kind; nor may such interest or right to receive a distribution be taken, either voluntarily or involuntarily for the satisfaction of the debts of, or
        other obligations or claims against, such person.

      

      

      6.5         Applicable Law.  To the extent not preempted by federal law, the Plan shall be governed by the laws of the District of Columbia.

      

      

      6.6        Incapacity of Recipient.  If any person entitled to a distribution under the Plan is deemed by the Committee to be incapable of personally receiving and
        giving a valid receipt for such payment, then, unless and until a claim for such payment shall have been made by a duly appointed guardian or other legal representative of such person, the Committee may provide for such payment or any part thereof
        to be made to any other person or institution then contributing toward or providing for the care and maintenance of such person.  Any such payment shall be a payment for the account of such person and a complete discharge of any liability of the
        Bank and the Plan with respect to the payment.

      

      

      6.7         Taxes.  The Bank or other payor may withhold from a benefit payment under the Plan or Executive’s wages in order to meet any federal, state, or local tax
        withholding obligations with respect to Plan benefits.  The Bank may also accelerate and pay a portion of Executive’s benefits in a lump sum equal to the Federal Insurance Contributions Act (“FICA”) tax imposed and the income tax withholding
        related to such FICA amounts.

      

      

      6.8         Corporate Successors.  The Plan and the obligations of the Bank under the Plan shall become the responsibility of any successor to the Bank by reason of
        a transfer or sale of substantially all of the assets of the Bank or by the merger or consolidation of the Bank into or with any other corporation or other entity.

      

      

      6.9      Unclaimed Benefits.  Executive shall keep the Committee informed of his current address and the current address of his designated beneficiary.  The
        Committee shall not be obligated to search for the whereabouts of any person if the location of a person is not made known to the Committee.

      

      

      
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      6.10      Severability.  In the event any provision of the Plan shall be held invalid or illegal for any reason, any illegality or invalidity shall not affect the
        remaining parts of the Plan, but the Plan shall be construed and enforced as if the illegal or invalid provision had never been inserted.

       

      

      6.11      Words and Headings.  Words in the masculine gender shall include the feminine and the singular shall include the plural, and vice versa, unless qualified
        by the context.  Any headings used herein are included for ease of reference only, and are not to be construed so as to alter the terms hereof.

      

      

      [signature page follows]

       

      
        9

        
          

      

      IN WITNESS WHEREOF, CITY FIRST BANK OF D.C., NATIONAL ASSOCIATION has caused this City First Bank Deferred
        Compensation Plan for Brian Argrett to be executed by its duly authorized officer on this ____ day of _____________, 2018.

      

      

      	 	
              CITY FIRST BANK OF D.C.,

            
	 	
              NATIONAL ASSOCIATION

            
	 	 
	 	

      

      

      

      10Document

        

ORIGIN BANCORP, INC.
2012 STOCK INCENTIVE PLAN

Incentive Agreement
for Restricted Stock Unit Award
(Time-Based Vesting)
    This Agreement is made this ________ day of _________, 20__ (the “Date of Grant”) by and between Origin Bancorp, Inc. (the “Company”) and ___________________ (the “Grantee”) pursuant to the Origin Bancorp, Inc. 2012 Stock Incentive Plan (the “Plan”).
WITNESSETH:
    WHEREAS, the Company offered Grantee certain restricted stock units in connection with Grantee’s employment by the Company; and
    WHEREAS, Grantee is employed by the Company and the Board of Directors desires to fulfill its obligation by an award to the Grantee under the Plan upon the conditions and terms contained within this Stock Incentive Agreement (the “Award Agreement”). 
    NOW, THEREFORE, the Company and Grantee agree as follows with respect to such Award:
ARTICLE I.
RESTRICTED STOCK UNITS
1.1    Grant of Restricted Stock Units.  The Company hereby grants to Grantee ___________ Restricted Stock Units (or RSUs)(the “Award”), subject to the terms and conditions provided in this Award Agreement.  Each RSU shall represent a right for the Grantee to receive one (1) share of Stock or cash equal to the Fair Market Value thereof, as determined by the Company in its sole discretion, as of the applicable Vesting Date.  The “Restricted Period” shall mean the period during which the RSUs, or portion thereof, remain unvested.
1.2    Issue Price.  The Grantee shall not be required to pay any issue price to the Company in exchange for the RSUs granted hereunder or, as applicable, upon the issuance of shares of Stock hereunder.
1.3    Distributions and Voting Rights.
(a)    All dividends and other distributions with respect to shares of Stock attributable to the Award that become payable during the Restricted Period will accrue when declared and will be paid to the Grantee, in cash, only upon the settlement of the related RSUs in accordance with the provisions of Section 1.4 below.
(b)    The Grantee shall not be entitled to vote shares of Stock attributable to the Award prior to the date(s) on which the Grantee becomes a shareholder of record for such shares of Stock.
1.4    Settlement of Award.
(a)    As soon as administratively practicable following each Vesting Date of any RSUs, but in no event later than 30 days after such Vesting Date, the Company shall deliver to the Grantee shares of Stock equal 

to the number of vested RSUs or cash equal to the Fair Market Value of such shares, or a combination thereof, as determined by the Company in its sole and absolute discretion. The date that the shares and/or cash are delivered shall be the “Settlement Date” of the vested RSUs.
(b)    To the extent shares of Stock are issued in settlement of this Award, such shares shall be registered in the name of the Grantee and shall be held by Transfer Agent of the Company in an unrestricted shareholder account CTF1.  The Company shall direct the Transfer Agent to provide a Shareholder statement to the Grantee evidencing outright ownership to the Grantee (or the Grantee’s beneficiary in the event of the Grantee’s death, designated as provided in Section 4.8).
1.5    Vesting.  Grantee shall vest in the RSUs on the earliest of (a) the Vesting Date, according to the vesting schedule outlined in the equity portal, provided the Grantee remains employed by the Company or an Affiliate through that date, (b) the Grantee’s Qualified Retirement, (c) the Grantee’s death, or (d) the Grantee’s Disability.  For purposes of this Agreement, the term “Qualified Retirement” means the Grantee’s voluntary Termination of Employment upon six (6) months’ prior written notice to the Company on or after attaining age sixty-five (65).
1.6    Forfeiture of Award.  In addition to events of forfeiture described in Article III, any RSUs that are not vested at the time of the Grantee’s Termination of Employment for any reason other than as prescribed in Section 1.5 shall be forfeited in their entirety.  Upon forfeiture, all rights of the Grantee and obligations of the Company hereunder shall be immediately terminated.
ARTICLE II.
CHANGE IN CONTROL OF THE COMPANY
If the Company is not the surviving corporation following a Change in Control, and the surviving corporation following such Change in Control or the acquiring corporation (such surviving corporation or acquiring corporation is hereinafter referred to as the “Acquiror”) does not assume the outstanding Award granted hereunder or does not substitute equivalent equity awards relating to the securities of such Acquiror or its affiliates for such RSUs, then the Award shall become immediately and fully vested.  In addition, the Board of Directors or its designee may, in its sole discretion, provide for a cash payment to be made to the Grantee for the outstanding Award upon the consummation of the Change in Control, determined on the basis of the Fair Market Value that would be received in such Change in Control by the holders of the Company's securities relating to such shares of Stock.
If the Company is the surviving corporation following a Change in Control, or the Acquiror assumes the outstanding Award granted hereunder or substitutes equivalent equity awards relating to the securities of such Acquiror or its affiliates for such RSUs, then the Award or such substitutes therefor shall remain outstanding and be governed by their respective terms and the provisions of the Plan.
ARTICLE III.
GRANTEE’S COVENANTS
3.1    Confidentiality.  The Grantee understands and acknowledges that (i) during the Grantee’s employment with the Company or any Affiliate thereof, the Grantee will have access to Confidential Information of the Company and its Affiliates; (ii) such Confidential Information and the ability of the Company and its Affiliates to reserve such Confidential Information for their respective and exclusive knowledge and use is of great competitive importance and commercial value to the Company and its 
    

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Affiliates; (iii) the Company has taken and will continue to take actions to protect the Confidential Information; and (iv) the provisions of this Section are reasonable and necessary to prevent the improper use or disclosure of such Confidential Information.  Accordingly, the Grantee agrees that during the term of the Grantee’s employment with the Company or any Affiliate thereof and, following the termination of such employment, until such time as the Confidential Information becomes generally available to the public through no fault of the Grantee or other person under a duty of confidentiality to the Company thereof, the Grantee will not, except as required by law or legal process, in any capacity, use or disclose, or cause to be used or disclosed, any Confidential Information the Grantee acquired while employed by the Company or any Affiliate thereof.  For purposes of this Agreement, the term “Confidential Information” shall include, without limitation, the identity of customers, personal customer data, strategic plans, sales data and sales strategy, methods, products, procedures, processes, techniques, financial information, vendor and supplier lists, pricing policies, personnel data and other confidential, business, competitive and proprietary information concerning or related to the Company and/or its Affiliates and their respective businesses, operations, financial conditions, results of operations, competitive position and prospects (collectively “Confidential Information”). The parties hereto agree that nothing in this Agreement shall be construed to limit or negate the law of torts or trade secrets where it provides the Company with broader protection than that provided herein.
3.2    Return of Company Property.  The parties hereto acknowledge that any material (in computerized or written form) that the Grantee obtains in the course of performing the Grantee’s employment duties with the Company or any Affiliate are the sole and exclusive property of the Company, the Grantee agrees to immediately return any and all records, files, computerized data, documents, Confidential Information, or any other property owned or belonging to the Company in the Grantee’s possession or under the Grantee’s control, without any originals or copies being kept by the Grantee or conveyed to any other person, upon the Grantee’s separation from employment or upon the Company’s request.
3.3    Non-Solicitation of Customers/Employees.  The Grantee agrees that during Grantee’s employment by the Company or any Affiliate thereof and for a period of one (1) year thereafter, the Grantee will not directly, or indirectly, on behalf of himself or any other person, entity or enterprise, do any of the following:
(i)Divert or attempt to divert from the Company or any Affiliate thereof any business by influencing or attempting to influence or soliciting or attempting to solicit any customers of the Company or any Affiliate thereof or any particular customer with whom the Company or any Affiliate thereof had business contacts in the one-year period immediately preceding the Grantee’s termination or with whom the Grantee may have dealt at any time during the Grantee’s employment by the Company or an Affiliate thereof.  The provisions of this item (i) shall apply in the parishes and counties listed in the Exhibit “A” attached hereto and made a part hereof, as the same may be amended from time to time. The parties agree that Exhibit A may be amended from time to time by the Company, which amendments shall be presented to the Grantee in writing and shall be deemed accepted by the Grantee if the Grantee remains employed by the Company on the third (3rd) business day following receipt of any such amendment.
(ii)Without the prior written consent of the Company, recruit, solicit, hire, attempt to hire, or assist any other person to hire any employee of the Company or an Affiliate thereof or any person who was an employee of the Company or any Affiliate during the six (6) months immediately preceding the Grantee’s Termination of Employment.
    

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(iii)Otherwise assist any person in any way to do, or attempt to do, anything prohibited by the foregoing. 
3.4    Remedies.  Notwithstanding any other provision of this Agreement, if the Company determines that the Grantee has breached or threatened to breach any provision of this Article III, then, upon written notice of the Company and without consideration, any RSUs whether or not vested shall be immediately forfeited, the shares and cash (including proceeds received upon a sale of the shares) issued to the Participant shall be subject to recoupment and any and all rights to receive any remaining benefits under this Agreement shall be immediately cancelled.  In addition, the Company shall be entitled to injunctive and other equitable relief (without the necessity of showing actual monetary damages or of posting any bond or other security): (i) restraining and enjoining any act which would constitute a breach, or (ii) compelling the performance of any obligation which, if not performed, would constitute a breach, as well as any other remedies available to the Company, including monetary damages.  Upon the Company’s request, the Grantee shall provide reasonable assurances and evidence of compliance with the restrictive covenants set forth in this Article III.  If any court of competent jurisdiction shall deem any provision in this Article III too restrictive, the other provisions shall stand, and the court shall modify the unduly restrictive provision to the point of greatest restriction permissible by law.  The restrictive covenants set forth in this Article III shall survive the termination of this Agreement, the forfeiture of the Award, and the Grantee’s Termination of Employment with the Company and all Affiliates for any reason, and the Grantee shall continue to be bound by the terms of this Article III as if this Agreement was still in effect.
ARTICLE IV.
MISCELLANEOUS PROVISIONS
4.1    Adjustments Upon Changes in Stock.  In case of any reorganization, recapitalization, reclassification, stock split, stock dividend, distribution, combination of shares, merger, consolidation, rights offering, or any other changes in the corporate structure or shares of the Company, appropriate adjustments may be made by the Committee or the Board of Directors, as the case may be, (or if the Company is not the surviving corporation in any such transaction, the board of directors of the surviving corporation) in the aggregate number and kind of shares subject to the Plan, and the number and kind of shares subject to this Award. Appropriate adjustments may also be made by the Committee or the Board of Directors, as the case may be, in the terms of any Awards under the Plan, subject to the provisions of the Plan, to reflect such changes and to modify any other terms of outstanding Awards on an equitable basis. Any such adjustments made by the Committee or the Board of Directors pursuant to this Section shall be conclusive and binding for all purposes under the Plan. 
4.2    Amendment, Suspension, and Termination of Plan. 
(a)    The Board of Directors may suspend or terminate the Plan or any portion thereof at any time, and, subject to limitations contained therein and subject to shareholder approval if required, may amend the Plan from time to time in such respects as the Board of Directors may deem advisable in order that any awards thereunder shall conform to any change in applicable laws or regulations or in any other respect the Board of Directors may deem to be in the best interests of the Company; provided, however, that no such amendment, suspension, or termination shall adversely alter or impair the Award granted hereunder without the consent of the Grantee. 
(b)    The Committee may amend or modify the Award granted hereunder in any manner to the extent that the Committee would have had the authority under the Plan initially to grant the Award as so 
    

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modified or amended; however, no such amendment or modification shall adversely alter or impair the Award granted hereunder without the consent of the Grantee.
(c)    Notwithstanding the foregoing, the Plan and the Agreement may be amended without any additional consideration to the Grantee to the extent necessary to comply with, or avoid penalties under, Section 409A of the Code, even if those amendments reduce, restrict or eliminate rights granted prior to such amendments. 
4.3    No Right To Employment/Other Service.  None of the actions of the Company in establishing the Plan, the actions taken by the Company, the Board of Directors or the Committee under the Plan, or the granting of the Award pursuant to this Agreement shall be deemed (a) to create any obligation on the part of the Company or any Affiliate or on the Board of Directors of the Company or such Affiliate to retain the Grantee as an employee, consultant, director or other service provider or to nominate Grantee for election to the Board of Directors, or (b) to be evidence of any agreement or understanding, express or implied, that the person has a right to continue as an employee, consultant, other service provider, or non-employee director for any period of time or at any particular rate of compensation. 
4.4    Plan and Grant Document Control.  The grant of the Award hereunder is governed and controlled by the terms of the Plan and this Agreement.  All the provisions of the Plan, as such may be amended from time to time, are hereby incorporated into this Agreement by this reference.  All capitalized terms utilized in this Agreement shall have the same meaning as in the Plan, except as otherwise specifically provided herein. 
4.5    Governing Law.  All matters relating to the Plan or to awards granted under the Plan pursuant to this Agreement shall be governed by and construed in accordance with the laws of the State of Louisiana without regard to the principles of conflict of laws. 
4.6    Trust Arrangement.  All benefits under the Plan represent an unsecured promise to pay by the Company. The Plan shall be unfunded and the benefits hereunder shall be paid only from the general assets of the Company resulting in the Grantee having no greater rights than the Company's general creditors; provided, however, nothing herein shall prevent or prohibit the Company from establishing a trust or other arrangement for the purpose of providing for the payment of the benefits payable under the Plan. 
4.7    No Impact on Benefits.  The Award granted hereunder is not compensation for purposes of calculating the Grantee’s rights under any employee benefit plan of the Company or any Affiliate that does not specifically require the inclusion of Awards in calculating benefits. 
4.8    Beneficiary Designation.  The Grantee may name a beneficiary or beneficiaries to receive any vested portion of the Award that is unpaid at the Grantee’s death. Unless otherwise provided in the beneficiary designation, each designation will revoke all prior designations made by the Grantee, must be made on a form prescribed by the Committee and will be effective only when filed in writing with the Committee. If the Grantee has not made an effective beneficiary designation, the deceased Grantee’s beneficiary will be the Grantee’s surviving spouse or, if none, the deceased Grantee’s estate. The identity of a Grantee’s designated beneficiary will be based only on the information included in the latest beneficiary designation form completed by the Grantee and will not be inferred from any other evidence. 
    

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4.9    Taxes.  The Company shall have the power and the right to deduct or withhold, or require the Grantee to remit to the Company, the minimum statutory amount to satisfy federal, state and local taxes required by law or regulation to be withheld with respect to any taxable event arising as a result of the Award granted hereunder, if any.  No delivery of shares or cash shall be made unless and until appropriate arrangements for the payment of such taxes have been made.  With respect to withholding required upon any taxable event arising as a result of the Award granted hereunder, the Grantee may elect, subject to the approval of the Committee, to satisfy the withholding requirement, in whole or in part, by having the Company withhold shares of Stock of the Company having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that could be imposed on the transaction.   Alternatively, the Grantee may elect for such taxes to be withheld from other compensation otherwise due to the Grantee from the Company and provided Grantee’s other compensation is sufficient to cover such taxes.  All such elections shall be irrevocable, made in writing and signed by the Grantee, and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate.  All such elections shall be made and filed with the Committee in the manner determined by the Committee on or before the Vesting Date, or such earlier date as shall be determined by the Committee. If an election has not been made by the Grantee, or the amount of the taxes required to be withheld has not been remitted by the Grantee to the Company on or before the Vesting Date, the Grantee hereby authorizes the Company to withhold from amounts payable under the Award cash or shares of Stock of the Company having a Fair Market Value equal to the tax required to be withheld. 
4.10    Gender and Number.  Except where otherwise indicated by the context, any masculine term used herein also shall include the feminine, the plural shall include the singular, and the singular shall include the plural. 
4.11    Severability.  In the event any provision of the Plan or this Agreement shall be held illegal or invalid for any reason, the illegality or invalidity shall not affect the remaining parts of the Plan or this Agreement, and the Plan or this Agreement shall be construed and enforced as if the illegal or invalid provision had not been included. 
4.12    Transfer Restrictions.  The RSUs issued to the Grantee hereunder may not be sold, transferred by gift, pledged, hypothecated, or otherwise transferred or disposed of by the Grantee prior to the Settlement Date.  Any attempt to transfer any RSUs in violation of this Section 4.12 shall be null and void and shall be disregarded.  The terms of this Agreement and the Plan shall be binding upon the executors, administrators, heirs, successors and assigns of the Grantee.

IN WITNESS WHEREOF, the parties hereto have caused this Stock Incentive Agreement executed to be effective as of the date first noted above.

    

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	ORIGIN BANCORP, INC.
		GRANTEE:
	
						
	By:					
						
						
	Print Name		Print Grantee Name	
						
						
	Title		Address	
						
						
					City, State, Zip Code	

    

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ORIGIN BANCORP, INC.
2012 Stock Incentive Plan
Incentive Agreement for Restricted Stock Unit Award
BENEFICIARY DESIGNATION FORM
PARTICIPANT:                  SS#:         
I hereby designate the following person or persons to receive the cash or shares of Stock of Origin Bancorp, Inc. (the “Company”) payable with respect to the Restricted Stock Units (the “Award”) granted to me pursuant to the Incentive Agreement for Restricted Stock Unit Award between me and Origin Bancorp, Inc. effective the ______ day of _____________, 20_____    (the “Agreement”) in the event of my death prior to my becoming fully vested in such Award and which becomes fully vested upon my death:
Primary Beneficiary(ies):

												
	Name	Address	SS#	Percentage
			_______________	____%
			_______________	____%
			_______________	____%

Note: If more than one primary beneficiary is designated, payment shall be made equally to each unless otherwise specified.  In the event of the death of or disclaimer by one or more (but less than all) of the persons designated as primary beneficiaries, his or her share will be paid pro rata to the remaining primary beneficiary(ies).
Contingent Beneficiary(ies):
In the event all of the persons designated as Primary Beneficiaries shall predecease me or disclaim all or any portion of his or her interest granted herein, I hereby designate the following person(s) as my contingent beneficiary(ies):
												
	Name	Address	SS#	Percentage
			_______________	____%
			_______________	____%
			_______________	____%

I hereby acknowledge that the beneficiary designations herein revoke and supersede any and all beneficiary designations previously made by me with regard to my Award.  I reserve the right to revoke and/or change the beneficiary designations made herein at any time prior to my death by filing a new Beneficiary Designation Form with the Company.
																		
						
					PARTICIPANT SIGNATURE
						
					DATE	
						
	Witeness			
						

Received and Acknowledged this the _____ day of __________________, 20___.
																					
					ORIGIN BANCORP, INC.
					By:	
	Title:						

    

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