Document:

EX-10.7

 Exhibit 10.7 

[ATLANTIC CAPITAL LETTERHEAD] 

March 24, 2015 
 Denise M. Cobb 

531 Broad Street 
 Chattanooga, TN 37402 

 

	Re:	Retention Benefits 

 Dear Denise: 

As Atlantic Capital Bancshares, Inc. (“Atlantic”) and First Security Group, Inc. (“FSG”) and their affiliates
(collectively, the “Employer”) strive to achieve certain important goals in the upcoming months, it is critical that we retain our experienced and key employees. Because you are a valued employee, the Employer is providing an opportunity
for you to earn additional compensation as outlined below, (the “Retention Benefits”) that includes certain items that are contingent upon your continued employment with the Employer and its successors through December 31, 2015 (the
“Retention Date”). 
 The Effective Date of this Agreement (the “Effective Date”) is the date of the merger of Atlantic
and FSG. In the event the merger between Atlantic and FSG does not occur, this Agreement is null and void and your employment shall continue with FSG subject to the terms of the Employment Agreement dated April 11, 2014 (“FSG Employment
Agreement”). 
 As of the Effective Date, this retention agreement (“Retention Agreement”) replaces and supersedes any prior
employment agreements that relates to severance benefits. If you choose not to accept this Agreement, your employment will terminate on the effective date of the merger of Atlantic and FSG, and you will receive the severance benefits under the
change of control provisions provided for in the FSG Employment Agreement. 
 The Retention Benefits will be payable to you in accordance
with the following terms and conditions: 
  

	 	1.	Your current base salary of $186,700 (“Current Base Salary”) and target bonus of 30% (“Target Bonus”) of Current Base Salary shall remain in effect for your continued employment with the Employer.

  

	 	2.	 The Employer will pay to you a minimum cash bonus for 2015 equal to 30% of your then Current Base Salary. If you remain employed after
December 31, 2015, the Employer will pay to you a minimum cash bonus for 2016 equal to 30% of your Current Base 

	 	
Salary, prorated for the portion of the year during which you are employed during 2016. The annual cash bonus will be paid in accordance with the normal payroll practices of the Employer, and
will be subject to all applicable withholdings. The 2016 cash bonus, as applicable, will be paid in accordance with normal payroll practices of the Employer and will be paid within 60 days following separation. 

 

	 	3.	If you terminate employment from the Employer on or after the Retention Date, or in the event of your involuntary termination without Cause prior to the Retention Date, all remaining unvested stock options will
immediately vest and you will be eligible to exercise all outstanding stock options during the remaining term of the options, defined as ten years from the grant date. 

 

	 	4.	As of the Effective Date of this Agreement, upon your termination of employment for any reason and whether voluntary or involuntary, you will be entitled to receive severance benefits in an amount equal to 2.25 times
the sum of your Current Base Salary plus Target Bonus in equal semi-monthly installments over a twenty-four month period. 

  

	 	a.	In return for the severance payment described in this paragraph 4, you must execute a full release and waiver (the Severance Agreement and Full and Final Release of Claims attached hereto as Exhibit “A” and
made a part of this Agreement) of all known or unknown claims or causes of action you may have against the Employer. The severance payments shall begin within 60 days following your termination of employment provided you have executed the release
and the release has become irrevocable before then. If the 60-day period described in the immediately preceding sentence begins in one calendar year and ends in a later calendar year, the payments shall begin in the later calendar year even if you
execute the release and it becomes irrevocable in the earlier calendar year. If you do not execute the release and the release does not become irrevocable before the 60th day after your termination of employment, you will not receive the severance
payment described in this paragraph 4. 

  

	 	b.	 Notwithstanding any provision of this Agreement to the contrary, if any amount or benefit to be paid or provided under this Agreement or otherwise
payable to you by the Employer would be an “Excess Parachute Payment,” within the meaning of Section 280G of the Code, but for the application of this sentence, then the payments and benefits to be paid or provided under this
Agreement will be reduced to the minimum extent necessary (but in no event to less than zero) so that no portion of any such payment or benefit, as so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing reduction
will be made only if and to the extent that such reduction would result in an increase in the aggregate payment and benefits to be provided, determined on an after-tax basis (taking into account the excise tax imposed pursuant to Section 4999
of the Code, any tax imposed by any comparable provision of state law, and any applicable federal, state and local income and employment taxes). Whether requested by you or the Employer, the determination of whether any reduction in such payments or
benefits to be provided under this Agreement or otherwise is 

	 	
required pursuant to the preceding sentence will be made at the expense of the Employer by the Employer’s independent accountants. In the event the payments to you are required to be reduced
pursuant to paragraph 4, the portions of the payments that would be paid latest in time will be reduced first and if multiple portions of the payments to be reduced are paid at the same time, any non-cash payments will be reduced before any cash
payments, and any remaining cash payments will be reduced pro rata. 

  

	 	c.	In the event that any of the Employer’s regulatory capital ratios fall below the levels to be considered “well-capitalized” under applicable bank regulations, you may demand that all future payments be
paid in a lump sum benefit within 30 days; except to the extent the payments hereunder are subject to Section 409A of the Internal Revenue Code, as amended, and the regulations and rulings thereunder (“Section 409A”) and acceleration
of such payments would be prohibited by Section 409A. 

  

	 	5.	As of the Effective Date of this Agreement, you are entitled to the following COBRA benefit. The benefit will begin following your separation date. The Employer will reimburse to you an amount equal to the
Employer’s portion of the health insurance premiums then paid for active employees for the level of coverage you elect pursuant to COBRA until the earlier of the expiration of the twelve (12) month period following the termination date or
the date on which you receive substantially comparable coverage and benefits under the group health plans of a subsequent employer. 

  

	 	6.	For purposes of this Agreement, “Cause” shall mean your (i) act of fraud against or material dishonesty in the course of your employment to the Employer that results in material financial harm to the
Employer; (ii) conviction of a crime constituting a felony; (iii) willful misconduct or gross negligence in the performance of your duties that results in material financial harm to the Employer, or (iv) material breach of any written
code of conduct applicable to your employment with the Employer that results in material financial harm to the Employer. For items (i), (iii) and (iv), written notice must be provided within 30 days of the alleged action and you will be
entitled to a 30 day cure period. 

  

	 	7.	 All payments under this Agreement are intended to be either outside the scope of Section 409A or to comply with its requirements as to timing of
payments. Accordingly, to the extent applicable, this Agreement shall at all times be operated in accordance with the requirements of Section 409A. The Employer shall have authority to take action, or refrain from taking any action, with
respect to the payments and benefits under this Agreement that is reasonably necessary to comply with Section 409A. Any payments that qualify for the “short-term deferral” exception or another exception under Section 409A shall
be paid under the applicable exception. Notwithstanding anything in this Agreement to the contrary, if any amounts or benefits payable under this Agreement in the event of your termination of employment constitute “nonqualified deferred
compensation” within the meaning of Section 409A, payment of such amounts and benefits shall commence when you incur a “separation from service” within the meaning

	 	
of Treasury Regulation 1.409A-1(h), without regard to any of the optional provisions thereunder, from the Employer and any entity that would be considered a single employer with the Employers
under Code Section 414(b) or 414(c) (“Separation from Service”). Such payments or benefits shall be provided in accordance with the timing provisions of this Agreement by substituting the Agreement’s references to
“termination of employment” or “termination” with Separation from Service. In addition, if you are a “specified employee” within the meaning of Code Section 409A(a)(2)(B)(i) at the time of your Separation from
Service, any amount or benefits that the constitutes “nonqualified deferred compensation” within the meaning of Section 409A that becomes payable to you on account of the Separation from Service will not be paid until after the
earlier of (i) the first business day of the seventh month following your Separation from Service, or (ii) the date of the your death (the “409A Suspension Period”). Within 14 calendar days after the end of the 409A Suspension
Period, you will be paid a cash lump sum payment equal to any payments (including interest on any such payments, at an interest rate of not less than the prime interest rate, as published in the Wall Street Journal, over the period such payment is
restricted from being paid) and benefits that the Employer would otherwise have been required to provide under this Agreement but for the imposition of the 409A Suspension Period. Thereafter, you will receive any remaining payments and benefits due
under this Agreement. 

 Please be aware that upon acceptance of this Agreement, your employment will continue as an
“at-will” employee of the Employer. Thus, you may terminate your employment with the Employer at any time, and the Employer may terminate your employment at any time. 

To acknowledge your understanding and acceptance of the terms and conditions of this Agreement, please sign and date the enclosed copy of this
letter and return the signed copy to me. 
  

	
	 Very truly yours,

	
	 /s/ Douglas L. Williams

 ACCEPTED AND AGREED this 26th day of March, 2015. 

 

	
	 /s/ Denise M. Cobb

	Denise M. Cobb

 Exhibit “A” 

SEVERANCE AGREEMENT AND 

FULL AND FINAL RELEASE OF CLAIMS 

This Severance Agreement and Full and Final Release of Claims (“Agreement”) is made and entered into by and among Atlantic Capital
Bancshares, Inc., a bank holding company organized under the laws of the State of Georgia (the “Company”), Atlantic Capital Bank, N.A., a national association organized under the laws of the United States (the “Bank” and
collectively with the Company, the “Employer”), and Denise M. Cobb (the “Executive”). 
 1.
SEPARATION. Executive’s employment with the Employer will terminate on March 24, 2015 or such later date as may be determined by the parties (“Separation Date”). The parties acknowledge that Executive’s
termination from employment will result in a “Separation from Service” as defined in Section 409A of the Internal Revenue Code. Executive further agrees that the Executive hereby resigns as an officer and director of the Employer and
any related or affiliated entities as of the Separation Date, as applicable. 
 2. CONSIDERATION. In consideration of
the Executive’s decision to enter into this Agreement, the Employer will continue to employ Executive through the Separation Date and will provide Executive severance pay in accordance with the terms of the employment agreement between the
Employer and the Executive dated March 24, 2015 (the “Retention Agreement”). Federal, state and local tax withholdings and other legal deductions may be applied to the above payment as determined by the Employer in its sole
discretion. 
 Whether or not Executive executes this Agreement, the Employer will pay Executive any and all wages for all hours worked up
to and through the Separation Date within the appropriate time frame required by applicable law. If Executive fails or refuses to execute this Agreement, or if Executive revokes this Agreement as provided herein, Executive will not be entitled to
the consideration set forth above. 
 3. FULL AND FINAL RELEASE. 

(a) In consideration of the payments being provided to Executive above, Executive, for himself, his attorneys, heirs, executors,
administrators, successors and assigns, fully, finally and forever releases and discharges the Employer and all other affiliated companies, including but not limited to First Security Group, Inc., a bank holding company organized under the laws of
the state of Tennessee and FSGBank, N. A., a national banking association organized under the laws of the United States, as well as its and their successors, assigns, officers, owners, directors, agents, representatives, attorneys, and employees
(all of whom are referred to throughout this Agreement as the “Releasees”), of and from all claims, demands, actions, causes of action, suits, damages, losses, and expenses, of any and every nature whatsoever, as a result of actions or
omissions occurring through the date Executive signs this Agreement. 

 Specifically included in this waiver and release are, among other things, any and all claims
related to any severance pay plan, any and all claims related to Executive’s employment and separation from employment or otherwise, including without limitation: (1) Title VII of the Civil Rights Act of 1964, as amended by the Civil
Rights Act of 1991; (2) the Americans with Disabilities Act, as amended; (3) 42 U.S.C. § 1981; (4) the Age Discrimination in Employment Act (29 U.S.C. §§ 621-624); (5) 29 U.S.C. § 206(d)(1); (6) Executive
Order 11246; (7) Executive Order 11141; (8) Section 503 of the Rehabilitation Act of 1973; (9) Executive Retirement Income Security Act (ERISA); (10) the Occupational Safety and Health Act; (11) the Worker Adjustment and
Retraining Notification (WARN) Act; (12) the Family and Medical Leave Act; (13) the Ledbetter Fair Pay Act; and (14) other federal, state and local discrimination laws, including those of the State of Tennessee. 

Executive further acknowledges that Executive is releasing, in addition to all other claims, any and all claims based on any tort,
whistle-blower, personal injury, defamation, invasion of privacy or wrongful discharge theory; retaliatory discharge theory; any and all claims based on any oral, written or implied contract or on any contractual theory (including the Retention
Agreement); any claims based on a severance pay plan; and all claims based on any other federal, state or local Constitution, regulation, law (statutory or common), or other legal theory, as well as any and all claims for punitive, compensatory,
and/or other damages, back pay, front pay, fringe benefits and attorneys’ fees, costs or expenses. 
 (b) Nothing in this Agreement,
however, is intended to waive Executive’s entitlement to vested benefits under any 401(k) plan or other benefit plan provided by the Employer. Furthermore, the parties specifically agree that this release does not cover, and Executive
expressly reserves, indemnification rights existing to the Executive as a current or former director and/or officer of First Security Group, Inc., FSGBank, N.A. and/or the Employer under the Articles and Bylaws of each pursuant to applicable state
law, in accordance with any D&O policy existing for former officers and directors of First Security Group, Inc., FSGBank, N.A. and/or the Employer, and in accordance with the definitive merger agreement by and between First Security Group, Inc.
and Atlantic Capital Bancshares, Inc. Finally, the above release does not waive claims that Executive could make, if available, for unemployment or workers’ compensation or claims that cannot be released by private agreement. 

(c) Executive understands that this Agreement does not bar the Executive from filing a complaint and/or charge with any appropriate federal,
state, or local government agency or cooperating with said agency in its investigation. Executive agrees, however, that the Executive shall not be entitled to receive any relief or recovery (monetary or otherwise) in connection with any complaint or
charge brought against the Releasees, without regard as to who brought said complaint or charge. 
 4. ADVICE OF COUNSEL.
Executive acknowledges that the Executive has been and is hereby advised by the Employer to consult with an attorney in regard to this matter. 

5. POST-EMPLOYMENT COOPERATION. Executive agrees to fully cooperate with the Employer in the defense or prosecution of any
claims or actions now in existence or which may be brought in the future against or on behalf of the Employer which relate to events or occurrences that transpired or which failed to transpire while Executive was employed by the Employer. Executive
also agrees to cooperate fully with the Employer in connection with any 

 
internal investigation or review, or any investigation or review by any federal, state or local regulatory authority, relating to events or occurrences that transpired or failed to transpire
while Executive was employed by the Employer. Executive’s full cooperation in connection with such matters shall include, but not be limited to, providing information to counsel, being available to meet with counsel to prepare for discovery or
trial and acting as a witness on behalf of the Employer at mutually convenient times. 
 6. NO OTHER CLAIMS. Executive
represents that Executive has not filed, nor assigned to others the right to file, nor are there currently pending, any complaints, charges or lawsuits against the Releasees with any governmental agency or any court or in any arbitration forum. 

7. NON-DISPARAGEMENT. Executive agrees that Executive has not (including during the time period while this Agreement was under
consideration by Executive) and will not make statements to clients, customers and suppliers of the Employer or to other members of the public that are in any way disparaging or negative towards the Employer, the Employer’s products or
services, or the Employer’s representatives or employees. 
 The Employer will advise the members of its Boards of Directors and all
executive officers of the Employer (collectively, the “Persons to be Advised”) that they should not make public statements that are in any way disparaging or negative towards the Executive. The Employer will advise the Persons to be
Advised that a non-disparagement agreement is in effect, and will use reasonable efforts to enforce compliance with this Agreement. Notwithstanding the foregoing agreement, the parties hereto recognize and acknowledge that the Employer will not be
liable for statements between the Employer and its independent auditors or statements necessary to comply with applicable law. 
 8.
NON-ADMISSION OF LIABILITY OR WRONGFUL CONDUCT. This Agreement shall not be construed as an admission by the Employer of any liability or acts of wrongdoing or discrimination, nor shall it be considered to be evidence of such liability,
wrongdoing, or discrimination. 
 9. RETURN OF PROPERTY. Executive acknowledges, understands, and agrees that Executive will
turn over to Atlantic Capital Bank all documents, files, memoranda, records, credit cards, books, manuals, computer equipment, computer software, pagers, cellular phones, facsimile machines, PDAs, keys and electronic keys or access cards into the
building and any other equipment or documents, and all other physical or electronic property of similar type that Executive received from the Employer and/or that Executive used in the course of his employment with the Employer and that are the
property of the Employer, except as mutually agreed to in writing. Executive agrees that Executive will not delete, destroy or erase any data stored on or associated with such property, including but not limited to data stored on computers, servers,
phones, or other electronic devices. Executive further agrees to return to Atlantic Capital Bank any and all hard copies of any documents which are the subject of a document preservation notice or other legal hold and to notify Atlantic Capital Bank
of the location of any electronic documents which are subject to a legal hold. 

 10. CONFIDENTIALITY. The nature and terms of this Agreement are strictly
confidential and they have not been and shall not be disclosed by Executive at any time to any person (including the Employer’s employees) except Executive’s lawyer, accountant, or immediate family without the prior written consent of an
officer of the Employer, except as necessary in any legal proceedings directly related to the provisions and terms of this Agreement, to prepare and file income tax forms, or pursuant to court order after reasonable notice to the Employer. Executive
may disclose that Executive is subject to an agreement not to disclose trade secrets and confidential information where necessary to comply with such confidentiality agreement. Executive agrees that Executive is responsible for informing these
persons of the confidential nature of this Agreement and that any breach of this confidentiality provision by any of these persons shall be deemed a breach by Executive. 

11. GOVERNING LAW. This Agreement shall be interpreted under the laws of the State of Tennessee. 

12. SEVERABILITY. The provisions of this Agreement are severable, and if any part of this Agreement except Paragraphs 3, 5 or 7
are found by a court of law to be unenforceable, the remainder of the Agreement will continue to be valid and effective, and the court is authorized to amend relevant provisions of the Agreement to carry out the intent of the parties to the extent
legally permissible. If Paragraph 3, 5 or 7 is found by a court of competent jurisdiction to be unenforceable, the parties agree to seek a determination by the court as to the rights of the parties, including whether Executive is entitled under
those circumstances and the relevant law to retain the benefits paid to Executive under this Agreement. 
 13. SOLE AND ENTIRE
AGREEMENT. This Agreement and the Retention Agreement set forth the entire agreement between the parties with respect to the subject matters covered by this Agreement and the Retention Agreement. Any other prior agreements between or
directly involving the parties to the Agreement and the Retention Agreement with respect to the subject matters covered by this Agreement and the Retention Agreement are superseded by the terms of this Agreement and the Retention Agreement and thus
are rendered null and void. 
 14. NO OTHER PROMISES. Executive affirms that the only consideration for his signing this
Agreement is that set forth in Paragraph 2 that no other promise or agreement of any kind has been made to or with Executive by any person or entity to cause Executive to execute this document, and that Executive fully understands the meaning and
intent of this Agreement, including but not limited to, its final and binding effect. 
 15. ACKNOWLEDGEMENTS. 

(a) Executive acknowledges, understands and agrees that Executive has been notified of Executive’s rights under the Family and Medical
Leave Act (FMLA) and state leave laws. Executive further acknowledges, understands and agrees that Executive has not been denied any leave requested under the FMLA or applicable state leave laws and that, to the extent applicable, Executive has been
returned to Executive’s job, or an equivalent position, following any FMLA or state leave taken pursuant to the FMLA or state laws. 

 (b) Executive acknowledges, understands and agrees that it is Executive’s obligation to
make a timely report, in accordance with the Employer’s policy and procedures, of any work related injury or illness. Executive further acknowledges, understands and agrees that Executive has reported to the Employer’s management personnel
any work related injury or illness that occurred up to and including Executive’s last day of employment. 
 16. LEGALLY BINDING
AGREEMENT. Executive understands and acknowledges that this Agreement contains a full and final release of claims against the Employer; and that Executive has agreed to its terms knowingly, voluntarily, and without intimidation, coercion or
pressure. 
 17. ADVICE OF COUNSEL / CONSIDERATION AND REVOCATION PERIODS. Executive hereby acknowledges and agrees that this
Agreement and the termination of Executive’s employment and all actions taken in connection therewith are in compliance with the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act and that the releases set forth
herein shall be applicable, without limitation, to any claims brought under these Acts. Executive acknowledges that the Executive has been and is hereby advised by the Employer to consult with an attorney in regard to this matter. Executive further
acknowledges that Executive has been given more than twenty-one (21) days from the time that Executive receives this Agreement to consider whether to sign it. Executive shall have seven (7) days from the date Executive signs this Agreement
to revoke the Agreement. To revoke, Executive must ensure that written notice is delivered to Anita M. Hill, EVP Human Resources, Atlantic Capital Bank, 3280 Peachtree Road NE, Suite 1600, Atlanta, Georgia 30305,
by the end of the day on the seventh calendar day after Executive signs this Agreement. If Executive does not revoke this Agreement within seven (7) days of signing, this Agreement will become final and binding on the day following such seven
(7) day period. 

 This Agreement includes a release of all known and unknown claims through the date of this Agreement. Executive
should carefully consider all of its provisions before signing it. Executive’s signature below indicates Executive’s understanding and agreement with all of the terms in this Agreement. 

 

									
							Atlantic Capital Bancshares, Inc.
					
	Date:						By:		  

									
					
							Full Name:		
							Title:		
				
							Atlantic Capital Bank, N.A.

									
					
	Date:						By:		  

									
					
							Full Name:		
							Title:		
				
	Date:						  

							ExecutiveEX-10.8

 Exhibit 10.8 

ATLANTIC CAPITAL BANCSHARES, INC. 

2006 STOCK INCENTIVE PLAN 

 ATLANTIC CAPITAL BANCSHARES, INC. 

2006 STOCK INCENTIVE PLAN 
  

	1.	Definitions 

 In addition to other terms defined herein, the
following terms shall have the meanings given below: 
 (a) Administrator means the Board, and, upon its delegation of all or part of
its authority to administer the Plan to the Committee, the Committee. 
 (b) Affiliate means any Parent or Subsidiary of the
Corporation, and also includes any other business entity which is controlled by, under common control with or controls the Corporation; provided, however, that the term “Affiliate” shall be construed in a manner in accordance with the
registration provisions of applicable federal securities laws and as permitted under Code Section 409A. 
 (c) Applicable Law or
Applicable Laws means any applicable laws, rules or regulations (or similar guidance), including but not limited to the Securities Act, the Exchange Act, the Code and applicable state and federal bank regulations. 

(d) Award means, individually or collectively, a grant under the Plan of an Option (including an Incentive Option or Nonqualified
Option); a Restricted Award (including a Restricted Stock Award or a Restricted Unit Award); a Performance Award (including a Performance Share Award or a Performance Unit Award); a Phantom Stock Award; a Dividend Equivalent Award; or any other
award granted under the Plan. 
 (e) Award Agreement means an agreement (which may be in written or electronic form, in the
Administrator’s discretion, and which includes any amendment or supplement thereto) between the Corporation and a Participant specifying the terms, conditions and restrictions of an Award granted to the Participant. An Agreement may also state
such other terms, conditions and restrictions, including but not limited to terms, conditions and restrictions applicable to shares or any other benefit underlying an Award, as may be established by the Administrator. 

(f) Board or Board of Directors means the Board of Directors of the Corporation. 

(g) Cause shall mean, unless the Administrator determines otherwise, a Participant’s termination of employment or service
resulting from the Participant’s (i) termination for “cause” as defined under the Participant’s employment, consulting or other agreement with the Corporation or an Affiliate, if any, or (ii) if the Participant has not
entered into any such employment, consulting or other agreement (or if any such agreement does not address the effect of a “cause” termination), then the Participant’s termination shall be for “Cause” if termination results
due to the Participant’s (A) dishonesty; (B) refusal to perform his duties for the Corporation or an Affiliate; (C) engaging in fraudulent conduct; or (D) engaging in any conduct that could be materially damaging to the
Corporation or an Affiliate without a reasonable good faith belief that such conduct was in the best interest of the Corporation or its Affiliates. The determination of “Cause” shall be made by the Administrator and its determination shall
be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and an Award, a Participant’s employment or service shall be deemed to have terminated for Cause if, after the Participant’s
employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause. 

  
 1 

 (h) Change in Control: 

(i) General: Except as may be otherwise provided in an individual Award Agreement or as may be otherwise required in
order to comply with Code Section 409A, a Change in Control shall be deemed to have occurred on the earliest of the following dates: 

(A) The date any entity or person shall have become the beneficial owner of, or shall have obtained voting control over, 50% or
more of the outstanding Common Stock of the Corporation; 
 (B) The date the shareholders of the Corporation approve a
definitive agreement (X) to merge or consolidate the Corporation with or into another corporation or other business entity (each, a “corporation”), in which the Corporation is not the continuing or surviving corporation or pursuant to
which any shares of Common Stock of the Corporation would be converted into cash, securities or other property of another corporation, other than a merger or consolidation of the Corporation in which the holders of the Common Stock immediately prior
to the merger or consolidation continue to own immediately after the merger or consolidation at least 50% of the Common Stock, or if the Corporation is not the surviving corporation, the common stock (or other voting securities) of the surviving
corporation; provided, however, that if consummation of such merger or consolidation is subject to the approval of federal, state or other regulatory authorities or other approvals, then, unless the Administrator determines otherwise, a “Change
in Control” shall not be deemed to occur until the later of the date of shareholder approval of such merger or consolidation or the date of final regulatory or other approvals of such merger or consolidation; or (Y) to sell or otherwise
dispose of all or substantially all the assets of the Corporation; or 
 (C) The date there shall have been
a change in a majority of the Board of Directors of the Corporation within a 12-month period unless the nomination for election by the Corporation’s shareholders of each new Director was approved by
the vote of two-thirds of the members of the Board (or a committee of the Board, if nominations are approved by a Board committee rather than the Board) then still in office who were in office at the beginning of the
12-month period. 
 (For the purposes herein, the term “person” shall mean
any individual, corporation, partnership, group, association or other person, as such term is defined in Section 13(d)(3) or Section 14(d)(2) of the Exchange Act, other than the Corporation, a subsidiary of the Corporation or any employee
benefit plan(s) sponsored or maintained by the Corporation or any subsidiary thereof, and the term “beneficial owner” shall have the meaning given the term in Rule 13d-3 under the Exchange Act.) 

(D) Notwithstanding the preceding provisions of Section 1(h)(i) herein, in no event will a firm commitment underwritten
public offering of the Common Stock pursuant to an effective registration statement under the Securities Act constitute a Change in Control. 

(E) The Administrator shall have full and final authority, in its discretion, to determine whether a Change in Control of the
Corporation has occurred, the date of the occurrence of such Change in Control and any incidental matters relating thereto. 

(ii) Definition Applicable to Awards subject to Code Section 409A: Notwithstanding the preceding
provisions of Section 1(h)(i), in the event that any Awards granted under the Plan 

  
 2 

 
are deemed to be deferred compensation subject to the provisions of Code Section 409A, then distributions related to such Awards may be permitted, in the Administrator’s discretion,
upon the occurrence of one or more of the following events (as they are defined and interpreted under Code Section 409A): (A) a change in the ownership of the Corporation, (B) a change in effective control of the Corporation, or
(C) a change in the ownership of a substantial portion of the assets of the Corporation. 
 (i) Code means the Internal Revenue
Code of 1986, as amended. Any reference herein to a specific Code section shall be deemed to include all related regulations or other guidance with respect to such Code section. 

(j) Committee means the Compensation Committee of the Board which may be appointed to administer the Plan. 

(k) Common Stock means the common stock of Atlantic Capital Bancshares, Inc., $1.00 par value. 

(l) Corporation means Atlantic Capital Bancshares, Inc., a corporation organized under the laws of the State of Georgia, together with
any successor thereto. 
 (m) Covered Employee shall have the meaning given the term in Code Section 162(m). 

(n) Director means a member of the Board or of the board of directors of an Affiliate. 

(o) Disability shall, except as may be otherwise determined by the Administrator or required or permitted under Code Section 409A,
have the meaning given in any employment agreement, consulting agreement or other similar agreement, if any, to which a Participant is a party, or, if there is no such agreement (or if any such agreement does not address the effect of termination
due to disability), “Disability” shall mean the inability to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death, or which has lasted or
can be expected to last for a continuous period of not less than 12 months. The Administrator shall have discretion to determine if a termination due to Disability has occurred. 

(p) Displacement shall, as applied to any Participant, be as defined in any employment agreement, consulting agreement or other similar
agreement, if any, to which the Participant is a party, or, if there is no such agreement (or if any such agreement does not address the effect of a termination due to displacement), “Displacement” shall mean the termination of the
Participant’s employment or service due to the elimination of the Participant’s job or position without fault on the part of the Participant (as determined by the Administrator). 

(q) Dividend Equivalent Award means a right granted to a Participant pursuant to Section 11 to receive the equivalent value (in
cash or shares of Common Stock) of dividends paid on Common Stock. 
 (r) Effective Date means the effective date of the Plan, as
provided in Section 4. 
 (s) Employee means any person who is an employee of the Corporation or any Affiliate (including
entities which become Affiliates after the Effective Date of the Plan). For this purpose, an individual shall be considered to be an Employee only if there exists between the individual and the Corporation or an Affiliate the legal and bona fide
relationship of employer and employee (subject to any requirements imposed under Code Section 409A); provided, however, that, with respect to Incentive Options, “Employee” means any person who is considered an employee of the
Corporation or any Parent or Subsidiary for purposes of Treas. Reg. Section 1.421-1(h) (or any successor provision related thereto). 

  
 3 

 (t) Exchange Act means the Securities Exchange Act of 1934, as amended. 

(u) Fair Market Value per share of the Common Stock shall be established in good faith by the Administrator and, unless
otherwise determined by the Administrator, the Fair Market Value shall be determined in accordance with the following provisions: (A) if the shares of Common Stock are listed for trading on the New York Stock Exchange, the American Stock
Exchange or the Nasdaq Stock Market, the Fair Market Value shall be the closing sales price per share of the shares on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Stock Market (as applicable) on the date an Option is
granted or other determination is made (such date of determination being referred to herein as a “valuation date”), or, if there is no transaction on such date, then on the trading date nearest preceding the valuation date for which
closing price information is available, and, provided further, if the shares are not listed for trading on the New York Stock Exchange, the American Stock Exchange or the Nasdaq Stock Market, the Fair Market Value shall be the average between the
highest bid and lowest asked prices for such stock on the date immediately or nearest preceding the valuation date as reported on the Nasdaq OTC Bulletin Board Service or by the National Quotation Bureau, Incorporated or a comparable service; or
(B) if the shares of Common Stock are not listed or reported in any of the foregoing, then the Fair Market Value shall be determined by the Administrator based on such valuation measures or other factors as it deems appropriate. Notwithstanding
the foregoing, (i) with respect to the grant of Incentive Options, the Fair Market Value shall be determined by the Administrator in accordance with the applicable provisions of Section 20.2031-2 of the Federal Estate Tax Regulations, or
in any other manner consistent with the Code Section 422; and (ii) Fair Market Value shall be determined in accordance with Code Section 409A to the extent required. 

(v) Incentive Option means an Option that is designated by the Administrator as an Incentive Option pursuant to Section 7 and
intended to meet the requirements of incentive stock options under Code Section 422. 
 (w) Nonqualified Option means an Option
granted under Section 7 that is not intended to qualify as an incentive stock option under Code Section 422. 
 (x) Option
means a stock option granted under Section 7 that entitles the holder to purchase from the Corporation a stated number of shares of Common Stock at the price set forth in an Award Agreement. 

(y) Option Period means the term of an Option, as provided in Section 7(d). 

(z) Option Price means the price at which an Option may be exercised, as provided in Section 7(b). 

(aa) Parent means a “parent corporation,” whether now or hereafter existing, as defined in Section 424(e) of the Code.

 (bb) Participant means an individual employed by, or providing services to, the Corporation or an Affiliate who satisfies the
requirements of Section 6 and is selected by the Administrator to receive an Award under the Plan. 
 (cc) Performance Award
means a Performance Share Award and/or a Performance Unit Award, as provided in Section 9. 
 (dd) Performance Measures mean one
or more performance factors which may be established by the Administrator with respect to an Award. Performance factors may be based on such corporate, business unit or division and/or individual performance factors and criteria as the Administrator
in its 

  
 4 

 
discretion may deem appropriate; provided, however, that, if and to the extent that Code Section 162(m) is applicable, such performance factors shall be limited to one or more of the
following (as determined by the Administrator in its discretion): (i) cash flow; (ii) return on equity; (iii) return on assets; (iv) earnings per share; (v) operations expense efficiency milestones; (vi) consolidated
earnings before or after taxes (including earnings before interest, taxes, depreciation and amortization); (vii) net income; (vii) operating income; (ix) book value per share; (x) return on investment; (xi) return on
capital; (xii) improvements in capital structure; (xiii) expense management; (xiv) profitability of an identifiable business unit or product; (xv) maintenance or improvement of profit margins; (xvi) stock price or total
holder return; (xvii) market share; (xiii) revenues or sales; (xix) costs; (xx) working capital; (xxi) economic wealth created; (xxii) strategic business criteria; (xxiii) efficiency ratio(s);
(xxiv) achievement of division, group, function or corporate financial, strategic or operational goals; and (xxv) comparisons with stock market indices or performances of metrics of peer companies. If and to the extent that Code
Section 162(m) is applicable, the Administrator shall, within the time and in the manner prescribed by Code Section 162(m), define in an objective fashion the manner of calculating the Performance Measures it selects to use for
Participants during any specific performance period. Such performance factors may be adjusted or modified due to extraordinary items, transactions, events or developments, or in recognition of, or in anticipation of, any other unusual or
nonrecurring events affecting the Corporation or the financial statements of the Corporation, or in response to, or in anticipation of, changes in applicable laws, regulations, accounting principles or business conditions, in each case as determined
by the Administrator. 
 (ee) Performance Share means an Award granted under Section 9, in an amount determined by the
Administrator and specified in an Award Agreement, stated with reference to a specified number of shares of Common Stock, that entitles the holder to receive shares of Common Stock, a cash payment or a combination of Common Stock and cash (as
determined by the Administrator), subject to the terms of the Plan and the terms and conditions established by the Administrator. 
 (ff)
Performance Unit means an Award granted under Section 9, in an amount determined by the Administrator and specified in an Award Agreement, that entitles the holder to receive Shares of Common Stock, a cash payment or a combination of
Common Stock and cash (as determined by the Administrator), subject to the terms of the Plan and the terms and conditions established by the Administrator. 

(gg) Phantom Stock Award means an Award granted under Section 10, entitling a Participant to a payment in cash, shares of Common
Stock or a combination of cash and Common Stock (as determined by the Administrator), following the completion of the applicable vesting period and compliance with the terms of the Plan and other terms and conditions established by the
Administrator. The unit value of a Phantom Stock Award shall be based on the Fair Market Value of a share of Common Stock. 
 (hh)
Plan means the Atlantic Capital Bank 2006 Stock Incentive Plan, as it may be hereafter amended and/or restated. 
 (ii) Restricted
Award means a Restricted Stock Award and/or a Restricted Stock Unit, as provided in Section 8. 
 (jj) Restricted Stock
Award means shares of Common Stock awarded to a Participant under Section 8. Shares of Common Stock subject to a Restricted Stock Award shall cease to be restricted when, in accordance with the terms of the Plan and the terms and conditions
established by the Administrator, the shares vest and become transferable and free of substantial risks of forfeiture. 
 (kk) Restricted
Stock Unit means a Restricted Award granted to a Participant pursuant to Section 8 which is settled (i) by the delivery of one share of Common Stock for each Restricted Stock 

  
 5 

 
Unit, (ii) in cash in an amount equal to the Fair Market Value of one share of Common Stock for each Restricted Stock Unit, or (iii) in a combination of cash and Shares equal to the
Fair Market Value of one share of Common Stock for each Restricted Stock Unit, as determined by the Administrator. A Restricted Stock Unit represents the promise of the Corporation to deliver shares, cash or a combination thereof, as applicable, at
the end of the Restriction Period, subject to compliance with the terms of the Plan and the terms and conditions established by the Administrator. 

(ll) Retirement shall, as applied to any Participant, be as defined in any employment agreement, consulting agreement or other similar
agreement, if any, to which the Participant is a party, or, if there is no such agreement (or if any such agreement does address the effect of termination due to retirement), “Retirement” shall mean retirement in accordance with the
retirement policies and procedures established by the Corporation, as determined by the Administrator and, where applicable, in accordance with Code Section 409A. 

(mm) Securities Act means the Securities Act of 1933, as amended. 

(nn) Subsidiary means a “subsidiary corporation,” whether now or hereafter existing, as defined in Code Section 424(f).

 (oo) Termination Date means the date of termination of a Participant’s employment or service for any reason, as determined by
the Administrator in its discretion. 
  

	2.	Purpose 

 The purpose of the Plan is to encourage and enable selected Employees
and Directors of the Corporation and its Affiliates to acquire or to increase their holdings of Common Stock of the Corporation and other equity-based interests in the Corporation in order to promote a closer identification of their interests with
those of the Corporation and its shareholders, thereby further stimulating their efforts to enhance the efficiency, soundness, profitability, growth and shareholder value of the Corporation. This purpose will be carried out through the granting of
Awards to selected Employees and Directors, including the granting to selected Participants of Options in the form of Incentive Stock Options and Nonqualified Options; Restricted Awards in the form of Restricted Stock Awards and Restricted Stock
Units; Performance Awards in the form of Performance Shares and Performance Units; Phantom Stock Awards; and/or Dividend Equivalent Awards. 
  

	3.	Administration of the Plan 

 (a) The Plan shall be administered
by the Board of Directors of the Corporation or, upon its delegation, by the Committee. In the event that the Corporation shall become subject to the reporting requirements of the Exchange Act, the Committee shall be comprised solely of two or more
“non-employee directors,” as such term is defined in Rule 16b-3 under the Exchange Act, or as may otherwise be permitted under Rule 16b-3, unless the Board determines otherwise. Further, in the event that the provisions of Code
Section 162(m) become applicable to the Corporation, the Plan shall be administered by a committee comprised of two or more “outside directors” (as such term is defined in Code Section 162(m)) or as may otherwise be
permitted under Code Section 162(m). For the purposes of the Plan, the term “Administrator” shall refer to the Board and, upon its delegation to the Committee of all or part of its authority to administer the Plan, to the Committee.
Notwithstanding the foregoing, the Board shall have sole authority to grant Awards to Directors who are not employees of the Corporation or its Affiliates. 

(b) Subject to the provisions of the Plan, the Administrator shall have full and final authority in its discretion to take any action with
respect to the Plan including, without limitation, the authority (i) to determine all matters relating to Awards, including selection of individuals to be granted Awards, the 

  
 6 

 
types of Awards, the number of shares of the Common Stock, if any, subject to an Award, and all terms, conditions, restrictions and limitations of an Award; (ii) to prescribe the form or
forms of Award Agreements evidencing any Awards granted under the Plan; (iii) to establish, amend and rescind rules and regulations for the administration of the Plan; and (iv) to construe and interpret the Plan, Awards and Award
Agreements made under the Plan, to interpret rules and regulations for administering the Plan and to make all other determinations deemed necessary or advisable for administering the Plan. Except to the extent otherwise required by applicable state
or federal bank regulators or as required under Code Section 409A, the Administrator shall have the authority, in its sole discretion, to accelerate the date that any Award which was not otherwise exercisable, vested or earned shall become
exercisable, vested or earned in whole or in part without any obligation to accelerate such date with respect to any other Award granted to any recipient. Further, except as otherwise required under Code Section 409A, the Administrator also may
in its sole discretion modify or extend the terms and conditions for exercise, vesting or earning of an Award. The Administrator may determine that a Participant’s rights, payments and/or benefits with respect to an Award (including but not
limited to any shares issued or issuable and/or cash paid or payable with respect to an Award) shall be subject to reduction, cancellation, forfeiture or recoupment upon the occurrence of certain specified events, in addition to any otherwise
applicable vesting or performance conditions of an Award. Such events may include, but shall not be limited to, termination of employment for cause, violation of policies of the Corporation or an Affiliate, breach of non-solicitation,
noncompetition, confidentiality or other restrictive covenants that may apply to the Participant, or other conduct by the Participant that is determined by the Administrator to be detrimental to the business or reputation of the Corporation or any
Affiliate. In addition, the Administrator shall have the authority and discretion to establish terms and conditions of Awards (including but not limited to the establishment of subplans) as the Administrator determines to be necessary or appropriate
to conform to the applicable requirements or practices of jurisdictions outside of the United States. In addition to action by meeting in accordance with Applicable Laws, any action of the Administrator with respect to the Plan may be taken by a
written instrument signed by all of the members of the Board or Committee, as appropriate, and any such action so taken by written consent shall be as fully effective as if it had been taken by a majority of the members at a meeting duly held and
called. No member of the Board or Committee, as applicable, shall be liable while acting as Administrator for any action or determination made in good faith with respect to the Plan, an Award or an Award Agreement. The members of the Board or
Committee, as applicable, shall be entitled to indemnification and reimbursement in the manner provided in the Corporation’s articles of incorporation and bylaws and/or under Applicable Laws. 

(c) Notwithstanding the other provisions of Section 3, the Administrator may delegate to one or more officers of the Corporation the
authority to grant Awards, and to make any or all of the determinations reserved for the Administrator in the Plan and summarized in Section 3(b) with respect to such Awards (subject to any restrictions imposed by Applicable Laws and such terms
and conditions as may be established by the Administrator); provided, however, that, if and to the extent required by Section 16 of the Exchange Act or Code Section 162(m), the Participant, at the time of said grant or other determination,
(i) is not deemed to be an officer or director of the Corporation within the meaning of Section 16 of the Exchange Act; and (ii) is not deemed to be a Covered Employee as defined under Code Section 162(m). To the extent that the
Administrator has delegated authority to grant Awards pursuant to this Section 3(c) to one or more officers of the Corporation, references to the Administrator shall include references to such officer or officers, subject, however, to the
requirements of the Plan, Rule 16b-3, Code Section 162(m) and other Applicable Laws. 
  

	4.	Effective Date 

 The Effective Date of the Plan shall be February 1, 2007.
Awards may be granted under the Plan on and after the Effective Date, but not after January 31, 2016. Awards that are outstanding at the end of the Plan term (or such earlier termination date as may be established by the Board pursuant to
Section 13(a)) shall continue in accordance with their terms, unless otherwise provided in the Plan or an Award Agreement. 

  
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	5.	Shares of Stock Subject to the Plan; Award Limitations 

 (a) Shares of Stock
Subject to the Plan: Subject to adjustments as provided in Section 5(d), the aggregate number of shares of Common Stock that may be issued pursuant to Awards granted under the Plan shall not exceed 2,000,000 shares. Shares delivered under
the Plan shall be authorized but unissued shares, treasury shares or shares purchased on the open market or by private purchase. The Corporation hereby reserves sufficient authorized shares of Common Stock to meet the grant of Awards hereunder. 

(b) Award Limitations: Notwithstanding any provision in the Plan to the contrary, the following limitations shall apply to Awards
granted under the Plan, in each case subject to adjustments pursuant to Section 5(d): 
 (i) The maximum number of
shares of Common Stock that may be issued under the Plan pursuant to the grant of Incentive Options shall not exceed 2,000,000 shares; and 

(ii) If and to the extent that Code Section 162(m) is applicable: 

(A) In any calendar year, no Participant may be granted Options that are not related to an Option for more than 1,000,000
shares of Common Stock; 
 (B) No Participant may be granted Awards in any calendar year for more than 1,000,000 shares of
Common Stock; and 
 (C) No Participant may be paid more than $2,000,000 with respect to any cash-settled Award or Awards
which were granted during any single calendar year. 
 (For purposes of Section 5(b)(ii)(A) and Section 5(b)(ii)(B), an Option shall be treated as
a single Award.) 
 (c) Shares Not Subject to Limitations: The following will not be applied to the share limitations of
Section 5(a) above: (i) dividends, including dividends paid in shares, or dividend equivalents paid in cash in connection with outstanding Awards; (ii) Awards which by their terms are settled in cash rather than the issuance of
shares; (iii) any shares subject to an Award under the Plan which Award is forfeited, cancelled, terminated, expires or lapses for any reason or any shares subject to an Award which shares are repurchased or reacquired by the Corporation; and
(iv) any shares surrendered by a Participant or withheld by the Corporation to pay the Option Price or purchase price for an Award or shares or used to satisfy any tax withholding requirement in connection with the exercise, vesting or earning
of an Award if, in accordance with the terms of the Plan, a Participant pays such Option Price or purchase price or satisfies such tax withholding by either tendering previously owned shares or having the Corporation withhold shares. 

(d) Adjustments: If there is any change in the outstanding shares of Common Stock because of a merger, consolidation or reorganization
involving the Corporation or an Affiliate, or if the Board of Directors of the Corporation declares a stock dividend, stock split distributable in shares of Common Stock, reverse stock split, combination or reclassification of the Common Stock, or
if there is a similar change in the capital stock structure of the Corporation or an Affiliate affecting the Common Stock, the number of shares of Common Stock reserved for issuance under the Plan shall be correspondingly adjusted, and the
Administrator shall make such adjustments to Awards and to any provisions of this Plan as the Administrator deems equitable to prevent dilution or enlargement of Awards or as may be otherwise advisable. 

  
 8 

	6.	Eligibility 

 An Award may be granted only to an individual who satisfies
all of the following eligibility requirements on the date the Award is granted: 
 (a) The individual is either (i) an Employee or
(ii) a Director. 
 (b) With respect to the grant of Incentive Options, the individual is otherwise eligible to participate under
Section 6, is an Employee of the Corporation or a Parent or Subsidiary and does not own, immediately before the time that the Incentive Option is granted, stock possessing more than 10% of the total combined voting power of all classes of stock
of the Corporation or a Parent or Subsidiary. Notwithstanding the foregoing, an Employee who owns more than 10% of the total combined voting power of the Corporation or a Parent or Subsidiary may be granted an Incentive Option if the Option Price is
at least 110% of the Fair Market Value of the Common Stock, and the Option Period does not exceed five years. For this purpose, an individual will be deemed to own stock which is attributable to him under Code Section 424(d). 

(c) With respect to the grant of substitute awards or assumption of awards in connection with a merger, consolidation, acquisition,
reorganization or similar business combination involving the Corporation or an Affiliate, the recipient is otherwise eligible to receive the Award and the terms of the award are consistent with the Plan and Applicable Laws (including, to the extent
necessary, the federal securities laws registration provisions and Code Section 424(a)). 
 (d) The individual, being otherwise
eligible under this Section 6, is selected by the Administrator as an individual to whom an Award shall be granted (as defined above, a “Participant”). 
  

	7.	Options 

 (a) Grant of Options: Subject to the limitations of the
Plan, the Administrator may in its sole and absolute discretion grant Options to such eligible individuals in such numbers, subject to such terms and conditions, and at such times as the Administrator shall determine. Both Incentive Options and
Nonqualified Options may be granted under the Plan, as determined by the Administrator; provided, however, that Incentive Options may only be granted to Employees of the Corporation or a Parent or Subsidiary. To the extent that an Option is
designated as an Incentive Option but does not qualify as such under Code Section 422, the Option (or portion thereof) shall be treated as a Nonqualified Option. 

(b) Option Price: The Option Price shall be established by the Administrator and stated in the Award Agreement evidencing the grant of
the Option; provided, that (i) the Option Price of an Option shall not be less than 100% of the Fair Market Value per share of the Common Stock as determined on the date the Option is granted (or 110% of the Fair Market Value with respect to
Incentive Options granted to an Employee who owns stock possessing more than 10% of the total voting power of all classes of stock of the Corporation or a Parent or Subsidiary, as provided in Section 6(b)); and (ii) in no event shall the
Option Price per share of any Option be less than the par value per share of the Common Stock. Notwithstanding the foregoing, the Administrator may in its discretion authorize the grant of substitute or assumed options of an acquired entity with an
Option Price not equal to at least 100% of the Fair Market Value of the stock on the date of grant, if the option price of any such assumed or substituted option was at least equal to 100% of the fair market value of the underlying stock on the
original date of grant and if the terms of such assumed or substituted options otherwise comply with Code Section 409A. 

  
 9 

 (c) Date of Grant: An Option shall be considered to be granted on the date that the
Administrator acts to grant the Option, or such other date as may be established by the Administrator in accordance with Applicable Laws. 

(d) Option Period and Limitations on the Right to Exercise Options:  

(i) The Option Period shall be determined by the Administrator at the time the Option is granted and shall be stated in the
Award Agreement. With respect to Incentive Options, the Option Period shall not extend more than 10 years from the date on which the Option is granted (or five years with respect to Incentive Options granted to an Employee who owns stock possessing
more than 10% of the total combined voting power of all classes of stock of the Corporation or a Parent or Subsidiary, as provided in Section 6(b)). Any Option or portion thereof not exercised before expiration of the Option Period shall
terminate. The period or periods during which, and conditions pursuant to which, an Option may become exercisable shall be determined by the Administrator in its discretion, subject to the terms of the Plan. 

(ii) An Option may be exercised by giving written notice to the Corporation in form acceptable to the Administrator at such
place and subject to such conditions as may be established by the Administrator or its designee. Such notice shall specify the number of shares to be purchased pursuant to an Option and the aggregate purchase price to be paid therefor and shall be
accompanied by payment of such purchase price. The total number of shares that may be acquired upon exercise of an Option shall be rounded down to the nearest whole share. Unless an Award Agreement provides otherwise, such payment shall be in the
form of cash or cash equivalent; provided that, where permitted by the Administrator and Applicable Laws (and subject to such terms and conditions as may be established by the Administrator), payment may also be made: 

(A) By delivery (by either actual delivery or attestation) of shares of Common Stock owned by the Participant for such time
period, if any, as may be determined by the Administrator and otherwise acceptable to the Administrator; 
 (B) By shares of
Common Stock withheld upon exercise; 
 (C) To the extent permitted by applicable state and federal bank regulators (where
such approval is required), and with respect only to purchases upon exercise of an Option after a public market for the Common Stock exists, by delivery of written notice of exercise to the Corporation and delivery to a broker of written notice of
exercise and irrevocable instructions to promptly deliver to the Corporation the amount of sale or loan proceeds to pay the Option Price; 

(D) By such other payment methods as may be approved by the Administrator and which are acceptable under Applicable Laws; or

 (E) By any combination of the foregoing methods. 

Shares tendered or withheld in payment on the exercise of an Option shall be valued at their Fair Market Value on the date of exercise.
Notwithstanding the foregoing, payment by share delivery (as permitted under Section 7(d)(ii)(A)) or share withholding (as permitted under Section 7(d)(ii)(B)) shall not be available for any exercise of Options during the first three years
of the Corporation’s operations and, subsequent to such first three years, payment by share delivery or share withholding shall not be available if payment by such means would represent a safety and soundness issue to the Corporation, based on
applicable bank regulatory laws and regulations and 

  
 10 

 other guidance. For the purposes of the Plan, a “public market” for the Common Stock
shall be deemed to exist (i) upon consummation of a firm commitment underwritten public offering of the Common Stock pursuant to an effective registration statement under the Securities Act, or (ii) if the Administrator otherwise
determines that there is an established public market for the Common Stock. 
 (iii) Unless the Administrator determines
otherwise, no Option granted to a Participant who was an Employee at the time of grant shall be exercised unless the Participant is, at the time of exercise, an Employee as described in Section 6(a), and has been an Employee continuously since
the date the Option was granted, subject to the following: 
 (A) The employment relationship of a Participant shall be
treated as continuing intact for any period that the Participant is on military or sick leave or other bona fide leave of absence, provided that the period of such leave does not exceed 90 days, or, if longer, as long as the Participant’s right
to reemployment is guaranteed either by statute or by contract. The employment relationship of a Participant shall also be treated as continuing intact while the Participant is not in active service because of Disability. The Administrator shall
have sole authority to determine whether a Participant is disabled and, if applicable, the Participant’s Termination Date. 

(B) Unless the Administrator determines otherwise (subject to any requirements imposed under Code Section 409A), if the
employment of a Participant is terminated because of Disability or death, the Option may be exercised only to the extent vested and exercisable on the Participant’s Termination Date, and the Option must be exercised, if at all, prior to the
first to occur of the following, whichever shall be applicable: (X) the close of the one-year period following the Termination Date (or such other period stated in the Award Agreement); or (Y) the close of the Option Period. In the event
of the Participant’s death, such Option shall be exercisable by such person or persons as shall have acquired the right to exercise the Option by will or by the laws of intestate succession. 

(C) Unless the Administrator determines otherwise (subject to any requirements imposed under Code Section 409A), if the
employment of the Participant is terminated for any reason other than Disability, death or for Cause, his Option may be exercised to the extent vested and exercisable on his Termination Date, and the Option must be exercised, if at all, prior to the
first to occur of the following, whichever shall be applicable: (X) the close of the period of three months next succeeding the Termination Date (or such other period stated in the Award Agreement); or (Y) the close of the Option Period.
If the Participant dies following such termination of employment and prior to the earlier of the dates specified in (X) or (Y) of this subparagraph (C), the Participant shall be treated as having died while employed under subparagraph
(B) (treating for this purpose the Participant’s date of termination of employment as the Termination Date). In the event of the Participant’s death, such Option shall be exercisable by such person or persons as shall have acquired
the right to exercise the Option by will or by the laws of intestate succession. 
 (D) Unless the Administrator determines
otherwise (subject to any requirements imposed under Code Section 409A), if the employment of the Participant is terminated for Cause, his Option shall lapse and no longer be exercisable as of his Termination Date, as determined by the
Administrator. 

  
 11 

 (E) Notwithstanding the foregoing, the Administrator may (subject to any required
bank regulatory approvals or any Code Section 409A requirements) accelerate the date for exercising all or any part of an Option which was not otherwise exercisable on the Termination Date, extend the period during which an Option may be
exercised, modify the terms and conditions to exercise, or any combination of the foregoing. 
 (iv) Unless the Administrator
determines otherwise (subject to any requirements imposed under Code Section 409A), an Option granted to a Participant who was a Director but who was not an Employee at the time of grant may be exercised only to the extent vested and
exercisable on the Participant’s Termination Date (unless the termination was for Cause), and must be exercised, if at all, prior to the first to occur of the following, as applicable: (X) the close of the period of three months next
succeeding the Termination Date (or such other period stated in the Award Agreement); or (Y) the close of the Option Period. If the services of a Participant are terminated for Cause, his Option shall lapse and no longer be exercisable as of
his Termination Date, as determined by the Administrator. Notwithstanding the foregoing, the Administrator may (subject to any required bank regulatory approvals or Code Section 409A requirements) accelerate the date for exercising all or any
part of an Option which was not otherwise exercisable on the Termination Date, extend the period during which an Option may be exercised, modify the other terms and conditions to exercise, or any combination of the foregoing. 

(e) Notice of Disposition: If shares of Common Stock acquired upon exercise of an Incentive Option are disposed of within two years
following the date of grant or one year following the transfer of such shares to a Participant upon exercise, the Participant shall, promptly following such disposition, notify the Corporation in writing of the date and terms of such disposition and
provide such other information regarding the disposition as the Administrator may reasonably require. 
 (f) Limitation on Incentive
Options: In no event shall there first become exercisable by an Employee in any one calendar year Incentive Options granted by the Corporation or any Parent or Subsidiary with respect to shares having an aggregate Fair Market Value (determined
at the time an Incentive Option is granted) greater than $100,000. To the extent that any Incentive Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered a Nonqualified Option. 

(g) Nontransferability: Incentive Options shall not be transferable (including by sale, assignment, pledge or
hypothecation) other than by will or the laws of intestate succession or, in the Administrator’s discretion, as may otherwise be permitted in accordance with Treas. Reg. Section 1.421-1(b)(2) or any successor provision thereto.
Nonqualified Options shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, except as may be permitted by the Administrator in a manner consistent with the
registration provisions of the Securities Act. An Option shall be exercisable during the Participant’s lifetime only by him, by his guardian or legal representative or by a transferee in a transfer permitted by this Section 7(g). The
designation of a beneficiary in accordance with the Plan does not constitute a transfer. 
 (h) Additional Vesting
Restrictions: Notwithstanding any other provision of the Plan or an Award Agreement to the contrary, (i) any Options granted under the Plan during the initial three years of the Corporation’s operations shall vest at approximately
equal percentages each year during such period; and (ii) the provisions of the Plan authorizing the acceleration, extension or modification of Options shall be limited during such three-year period as necessary to comply with the vesting
restriction imposed by this Section 7(h)(i) or as may otherwise be required by applicable state or federal bank regulators. 

  
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	8.	Restricted Awards 

 (a) Grant of Restricted Awards: Subject to the
limitations of the Plan, the Administrator may in its sole and absolute discretion grant Restricted Awards to such individuals in such numbers, upon such terms and at such times as the Administrator shall determine. Such Restricted Awards may be in
the form of Restricted Stock Awards and/or Restricted Stock Units that are subject to certain conditions, which conditions must be met in order for the Restricted Award to vest and be earned (in whole or in part) and no longer subject to forfeiture.
Restricted Stock Awards shall be payable in shares of Common Stock. Restricted Stock Units shall be payable in cash or shares of Common Stock, or partly in cash and partly in shares of Common Stock, in accordance with the terms of the Plan and the
discretion of the Administrator. The Administrator shall determine the nature, length and starting date of the period, if any, during which a Restricted Award may be earned (the “Restriction Period”), and shall determine the conditions
which must be met in order for a Restricted Award to be granted or to vest or be earned (in whole or in part), which conditions may include, but are not limited to, payment of a stipulated purchase price, attainment of performance objectives,
continued service or employment for a certain period of time (or a combination of attainment of performance objectives and continued service), Retirement, Displacement, Disability, death, or any combination of such conditions. Notwithstanding the
foregoing, Restricted Awards that vest based solely on continued service or the passage of time shall be subject to a minimum Restriction Period of one year (except in the case of (i) Restricted Awards assumed or substituted in connection with
mergers, acquisitions or other business transactions, (ii) Restricted Awards granted in connection with the recruitment or hiring of a Participant, and/or (iii) Restricted Awards granted pursuant to any incentive compensation or bonus
program established by the Corporation). In the case of Restricted Awards based upon performance criteria, or a combination of performance criteria and continued service, the Administrator shall determine the Performance Measures applicable to such
Restricted Awards (subject to Section 1(ff)). 
 (b) Vesting of Restricted Awards: Subject to the terms of the Plan and Code
Section 409A, the Administrator shall have sole authority to determine whether and to what degree Restricted Awards have vested and been earned and are payable and to establish and interpret the terms and conditions of Restricted Awards. The
Administrator may (subject to any required bank regulatory approvals or Code Section 409A requirements) accelerate the date that any Restricted Award granted to a Participant shall be deemed to be vested or earned in whole or in part, without
any obligation to accelerate such date with respect to other Restricted Awards granted to any Participant. 
 (c) Forfeiture of
Restricted Awards: Unless the Administrator determines otherwise, if the employment or service of a Participant shall be terminated for any reason and all or any part of a Restricted Award has not vested or been earned pursuant to the terms of
the Plan and the individual Award, such Award, to the extent not then vested or earned, shall be forfeited immediately upon such termination and the Participant shall have no further rights with respect to the Award or any shares of Common Stock,
cash or other benefits related to the Award. 
 (d) Dividend and Voting Rights; Share Certificates: The Administrator shall have sole
discretion to determine whether a Participant shall have dividend rights, voting rights or other rights as a shareholder with respect to shares subject to a Restricted Award which has not yet vested or been earned. If the Administrator so
determines, a certificate or certificates for shares of Common Stock subject to a Restricted Stock Award may be issued in the name of the Participant as soon as practicable after the Award has been granted; provided, however, that, notwithstanding
the foregoing, the Administrator shall have the right to retain custody of certificates evidencing the shares subject to a Restricted Stock Award and to require the Participant to deliver to the Corporation a stock power, endorsed in blank, with
respect to such Award, until such time as the Restricted Stock Award vests (or is forfeited) and is no longer subject to a substantial risk of forfeiture. 

  
 13 

 (e) Nontransferability: Unless the Administrator determines otherwise, Restricted Awards
that have not vested shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, and the recipient of a Restricted Award shall not sell, transfer, assign, pledge or
otherwise encumber shares subject to the Award until the Restriction Period has expired and until all conditions to vesting have been met. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. 

 

	9.	Performance Awards 

 (a) Grant of Performance Awards: Subject to the terms
of the Plan, the Administrator may in its discretion grant Performance Awards to such eligible individuals upon such terms and conditions and at such times as the Administrator shall determine. Performance Awards may be in the form of Performance
Shares and/or Performance Units. An Award of a Performance Share is a grant of a right to receive shares of Common Stock, the cash value thereof, or a combination thereof (in the Administrator’s discretion), which is contingent upon the
achievement of performance or other objectives during a specified period and which has a value on the date of grant equal to the Fair Market Value of a share of Common Stock. An Award of a Performance Unit is a grant of a right to receive shares of
Common Stock or a designated dollar value amount of Common Stock which is contingent upon the achievement of performance or other objectives during a specified period, and which has an initial value determined in a dollar amount established by the
Administrator at the time of grant. Subject to Section 5(b), the Administrator shall have complete discretion in determining the number of Performance Units and/or Performance Shares granted to any Participant. The Administrator shall determine
the nature, length and starting date of the period during which a Performance Award may be earned (the “Performance Period”), and shall determine the conditions which must be met in order for a Performance Award to be granted or to vest or
be earned (in whole or in part), which conditions may include but are not limited to specified performance objectives, continued service or employment for a certain period of time, or a combination of such conditions. Subject to Section 1(ff),
the Administrator shall determine the Performance Measures to be used in valuing Performance Awards. 
 (b) Earning of Performance
Awards: Subject to the terms of the Plan and the requirements of Code Section 409A, the Administrator shall have sole authority to determine whether and to what degree Performance Awards have been earned and are payable and to interpret the
terms and conditions of Performance Awards and the provisions of Section 9. The Administrator may (subject to any required bank regulatory approvals or Code Section 409A requirements) accelerate the date that any Performance Award granted
to a Participant shall be deemed to be earned in whole or in part, without any obligation to accelerate such date with respect to other Awards granted to any Participant. 

(c) Form of Payment: Payment of the amount to which a Participant shall be entitled upon earning a Performance Award shall be made in
cash, shares of Common Stock, or a combination of cash and shares of Common Stock, as determined by the Administrator in its sole discretion. Payment shall be made upon such terms and conditions as may be established by the Administrator. 

(d) Forfeiture of Performance Awards: Unless the Administrator determines otherwise (subject to any restrictions imposed under Code
Section 409A), if the employment or service of a Participant shall terminate for any reason and the Participant has not earned all or part of a Performance Award pursuant to the terms of the Plan and individual Award, such Award, to the extent
not then earned, shall be forfeited immediately upon such termination and the Participant shall have no further rights with respect to the Award or any cash, shares of Common Stock or other benefits related to the Award. 

(e) Nontransferability: Unless the Administrator determines otherwise, Performance Awards that have not been earned shall not be
transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, and the recipient of a Performance 

  
 14 

 
Award shall not sell, transfer, assign, pledge or otherwise encumber any shares subject to the Award until the Performance Period has expired and until the conditions to earning the Award have
been met. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. 
  

	10.	Phantom Stock Awards 

 (a) Grant of Phantom Stock Awards: Subject to the
terms of the Plan, the Administrator may in its discretion grant Phantom Stock Awards to such eligible individuals, in such numbers, upon such terms and at such times as the Administrator shall determine. A Phantom Stock Award is an Award to a
Participant of a number of hypothetical share units with respect to shares of Common Stock, with a value per unit based on the Fair Market Value of a share of Common Stock. 

(b) Vesting of Phantom Stock Awards: Subject to the terms of the Plan and the requirements of Code Section 409A, the Administrator
shall have sole authority to determine whether and to what degree Phantom Stock Awards have vested and are payable and to interpret the terms and conditions of Phantom Stock Awards. The Administrator may (subject to any required bank regulatory
approvals or Code Section 409A requirements) accelerate the date that any Phantom Stock Award granted to a Participant shall be deemed to be vested or distributable in whole or in part, without any obligation to accelerate such date with
respect to other Awards granted to any Participant. 
 (c) Forfeiture of Phantom Stock Awards: Unless the Administrator determines
otherwise (subject to any requirements imposed under Code Section 409A), if the employment or service of a Participant shall be terminated for any reason and all or any part of a Phantom Stock Award has not vested and become payable pursuant to
the terms of the Plan and the individual Award, such Award, to the extent not then vested or earned, shall be forfeited immediately upon such termination and the Participant shall have no further rights with respect to the Award or any shares of
Common Stock, cash or other benefits related to the Award. 
 (d) Payment of Phantom Stock Awards: Upon vesting of all or a part of a
Phantom Stock Award and satisfaction of such other terms and conditions as may be established by the Administrator, the Participant shall be entitled to a payment of an amount equal to the Fair Market Value of one share of Common Stock with respect
to each such Phantom Stock unit which has vested and is payable. Payment may be made, in the discretion of the Administrator, in cash or in shares of Common Stock valued at their Fair Market Value on the applicable vesting date or dates (or other
date or dates determined by the Administrator), or in a combination thereof. The Administrator may, however, establish a limitation on the amount payable in respect of each share of Phantom Stock. Payment may be made upon such terms and conditions
as may be established by the Administrator. 
 (e) Nontransferability: Unless the Administrator determines otherwise,
(i) Phantom Stock Awards that have not vested shall not be transferable (including by sale, assignment, pledge or hypothecation) other than by will or the laws of intestate succession, (ii) Phantom Stock Awards may be exercised during the
Participant’s lifetime only by him or by his guardian or legal representative, and (iii) shares of Common Stock (if any) subject to a Phantom Stock Award may not be sold, transferred, assigned, pledged or otherwise encumbered until the
Phantom Stock Award has vested and all other conditions established by the Administrator have been met. The designation of a beneficiary in accordance with the Plan does not constitute a transfer. 

 

	11.	Dividends and Dividend Equivalents 

 The Administrator may, in its sole
discretion, provide that Awards granted under the Plan earn dividends or dividend equivalents. Such dividends or dividend equivalents may be paid currently or may be credited to a Participant’s account. Any crediting of dividends or dividend
equivalents may be subject 

  
 15 

 
to such restrictions and conditions as the Administrator may establish, including reinvestment in additional shares of Common Stock or share equivalents. Notwithstanding the other provisions
herein, any dividends or dividend equivalent rights related to an Award shall be structured in a manner so as to avoid causing the Award to be subject to Code Section 409A or shall otherwise be structured so that the Award and dividends or
dividend equivalents are in compliance with Code Section 409A. 
  

	12.	No Right or Obligation of Continued Employment or Service 

 Neither the Plan, the
grant of an Award nor any other action related to the Plan shall confer upon the Participant any right to continue in the service of the Corporation or an Affiliate as an Employee or Director or to interfere in any way with the right of the
Corporation or an Affiliate to terminate the Participant’s employment or service at any time. Except as otherwise provided in the Plan, an Award Agreement or as may be determined by the Administrator, all rights of a Participant with respect to
an Award shall terminate upon the termination of the Participant’s employment or service. 
  

	13.	Amendment and Termination of the Plan and Awards 

 (a) Amendment and
Termination of Plan: The Plan may be amended, altered and/or terminated at any time by the Board; provided, that (i) approval of an amendment to the Plan by the shareholders of the Corporation shall be required to the extent, if any, that
shareholder approval of such amendment is required by Applicable Laws; and (ii) except for adjustments made pursuant to Section 5(d), the Option Price for any outstanding Option may not be decreased after the date of grant, nor may any
outstanding Option be surrendered to the Corporation as consideration for the grant of a new Option with a lower Option Price or base price than the original Option, without shareholder approval of any such action. 

(b) Amendment and Termination of Awards: The Administrator may amend, alter or terminate any Award granted under the Plan,
prospectively or retroactively, but such amendment, alteration or termination of an Award shall not, without the consent of the recipient of an outstanding Award, materially adversely affect the rights of the recipient with respect to the Award.

 (c) Unilateral Authority of Administrator to Modify Plan and Awards: Notwithstanding Section 13(a) and Section 13(b)
herein, the following provisions shall apply: 
 (i) The Administrator shall have unilateral authority to amend the Plan and
any Award (without Participant consent and without shareholder approval, unless such shareholder approval is required by Applicable Laws) to the extent necessary to comply with Applicable Laws or changes to Applicable Laws (including but not limited
to Code Section 409A, Code Section 422 and federal securities laws). 
 (ii) The Administrator shall have
unilateral authority to make adjustments to the terms and conditions of Awards in recognition of unusual or nonrecurring events affecting the Corporation or any Affiliate, or the financial statements of the Corporation or any Affiliate, or of
changes in accounting principles, if the Administrator determines that such adjustments are appropriate in order to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or necessary or
appropriate to comply with applicable accounting principles. 
 (d) Cash Settlement: Notwithstanding any provision of the Plan, an
Award or an Award Agreement to the contrary, the Administrator shall have unilateral discretion (subject to the prior approval of the Georgia Department of Banking and Finance during the first three years of the Corporation’s operations and
further subject to any requirements imposed under Code Section 409A) to cause any 

  
 16 

 
Award (or portion thereof) granted under the Plan to be canceled in consideration of an alternative award or cash payment of an equivalent cash value, as determined by the Administrator in its
sole discretion, made to the holder of such canceled Award. 
  

	14.	Restrictions on Awards and Shares 

 (a) General: As a condition to the
issuance and delivery of Common Stock hereunder, or the grant of any benefit pursuant to the Plan, the Corporation may require a Participant or other person to become a party to an Award Agreement, any shareholders agreement, other agreement(s)
restricting the transfer, purchase or repurchase of shares of Common Stock of the Corporation, voting agreement and/or any employment agreements, consulting agreements, non-competition agreements, confidentiality agreements, non-solicitation agreements or other agreements imposing such restrictions as may be required by the Corporation. In addition, without in any way limiting the effect of the foregoing, each Participant or other
holder of shares issued under the Plan shall be permitted to transfer such shares only if such transfer is in accordance with the terms of the Plan, the Award Agreement, any shareholders agreement and any other applicable agreements. The acquisition
of shares of Common Stock under the Plan by a Participant or any other holder of shares shall be subject to, and conditioned upon, the agreement of the Participant or other holder of such shares to the restrictions described in the Plan, the Award
Agreement, any shareholders agreement and any other applicable agreements. 
 (b) Compliance with Applicable Laws: The Corporation
may impose such restrictions on Awards, shares and any other benefits underlying Awards hereunder as it may deem advisable, including without limitation restrictions under the federal securities laws, the requirements of any stock exchange or
similar organization and any blue sky, state or foreign securities laws applicable to such securities. Notwithstanding any other Plan provision to the contrary, the Corporation shall not be obligated to issue, deliver or transfer shares of Common
Stock under the Plan, make any other distribution of benefits under the Plan, or take any other action, unless such delivery, distribution or action is in compliance with all Applicable Laws (including but not limited to the requirements of the
Securities Act). The Corporation may cause a restrictive legend to be placed on any certificate issued pursuant to an Award hereunder in such form as may be prescribed from time to time by Applicable Laws or as may be advised by legal counsel. 

 

	15.	Change in Control 

 The Administrator shall (subject to any Code Section 409A
requirements or any applicable bank regulatory approvals or restrictions, including but not limited to restrictions imposed under Section 7(h) herein) have sole discretion to determine the effect, if any, on an Award, including but not limited
to the vesting, earning and/or exercisability of an Award, in the event of a Change in Control. Without limiting the effect of the foregoing, in the event of a Change in Control, the Administrator’s discretion shall include, but shall not be
limited to, the discretion to determine that an Award shall vest, be earned or become exercisable in whole or in part, shall be assumed or substituted for another award, shall be cancelled without the payment of consideration, shall be cancelled in
exchange for a cash payment or other consideration, and/or that other actions (or no action) shall be taken with respect to the Award. The Administrator also has discretion to determine that acceleration or any other effect of a Change in Control on
an Award shall be subject to both the occurrence of a Change in Control event and termination of employment or service of the Participant. Any such determination of the Administrator may be, but shall not be required to be, stated in an individual
Award Agreement. 
  

	16.	Compliance with Code Section 409A 

 (a) General: Notwithstanding any
other provision in the Plan or an Award to the contrary, if and to the extent that Code Section 409A is deemed to apply to the Plan or any Award granted under the 

  
 17 

 Plan, it is the general intention of the Corporation that the Plan and all such Awards shall, to the extent
practicable, comply with Code Section 409A, and the Plan and any such Award shall, to the extent practicable, be construed in accordance therewith. Deferrals pursuant to an Option, a Restricted Award or any other Award otherwise exempt from
Code Section 409A in a manner that would cause Code Section 409A to apply shall not be permitted unless such deferrals are in compliance with Code Section 409A. Without in any way limiting the effect of the foregoing, in the event
that Code Section 409A requires that any special terms, provisions or conditions be included in the Plan or any Award, then such terms, provisions and conditions shall, to the extent practicable, be deemed to be made a part of the Plan or
Award, as applicable. Further, in the event that the Plan or any Award shall be deemed not to comply with Code Section 409A, then neither the Corporation, the Administrator nor its or their designees or agents shall be liable to any Participant
or other person for actions, decisions or determinations made in good faith. 
 (b) Specific Terms Applicable to Awards Subject to Code
Section 409A: Without limiting the effect of Section 16(a), above, and notwithstanding any other provision in the Plan to the contrary, the following provisions shall, to the extent required under Code Section 409A, apply with
respect to Awards deemed to involve the deferral of compensation under Code Section 409A: 
 (i) Distributions:
Distributions may be made with respect to Awards subject to Code Section 409A not earlier than upon the occurrence of one or more of the following events: (A) separation from service; (B) disability; (C) death; (D) a
specified time or pursuant to a fixed schedule; (E) a change in the ownership or effective control of the Corporation, or in the ownership of a substantial portion of the assets of the Corporation; or (F) the occurrence of an unforeseeable
emergency. Each of the preceding distribution events shall be defined and interpreted in accordance with Code Section 409A. 

(ii) Specified Employees: With respect to Participants who are “specified employees” (as defined in Code
Section 409A), a distribution due to separation from service may not be made before the date that is six months after the date of separation from service (or, if earlier, the date of death of the Participant), except as may be otherwise
permitted pursuant to Code Section 409A. To the extent that a Participant is subject to this section and a distribution is to be paid in installments, through an annuity, or in some other manner where payment will be periodic, the Participant
shall be paid, during the seventh month following separation from service, the aggregate amount of payments he would have received but for the application of this section; all remaining payments shall be made in their ordinary course. 

(iii) No Acceleration: Unless permissible under Code Section 409A, acceleration of the time or schedule of any
payment under the Plan subject to Code Section 409A is prohibited, except that, to the extent permitted by the Administrator and to the extent such exceptions do not violate Code Section 409A, the following accelerations may be permitted
in an Award: 
 (A) As necessary to fulfill a domestic relations order (as defined in Code Section 414(p)(1)(B)); 

(B) As necessary to comply with a certificate of divestiture (as defined in Code Section 1043(b)(2)); 

(C) To pay the Federal Insurance Contributions Act tax imposed under Code Sections 3101 and 3121(v)(2) on amounts deferred
under the Plan (the “FICA Amount”), including the income tax at source on wages imposed under Code Section 3401 on the FICA Amount, and to pay the additional income tax at source of wages attributable to additional Code
Section 3401 wages and taxes; 

  
 18 

 (D) To pay any portion of an Award that is required to be included in income as a
result of a violation of Code Section 409A; and 
 (E) To pay an Award not greater than $10,000, provided that
(X) such payment occurs on or before the later of December 31 of the calendar year in which occurs the Participant’s termination of employment or the 15th day of the third month following the Participant’s termination of
employment and (Y) all Awards granted the Participant are (or have previously been) terminated on or before the date of payment. 

(iv) Short-Term Deferrals: Except to the extent otherwise required or permitted under Code Section 409A (and unless
an individual Award Agreement or other instrument provides otherwise), distributions pursuant to Awards otherwise subject to Code Section 409A must be made no later than the later of (A) the date that is 2-1/2 months from the end of the
Participant’s first taxable year in which the amount is no longer subject to a substantial risk of forfeiture; or (B) the date that is 2-1/2 months from the end of the Corporation’s first taxable year in which the amount is no longer
subject to a substantial risk of forfeiture. 
 (v) Deferral Elections:  

(A) In the sole discretion of the Administrator, a Participant may be permitted to make an election as to the time or form of
any distribution from an Award, provided that, except as specified in (B) and (C) below, such election is made and becomes irrevocable not later than the close of the taxable year preceding the taxable year in which the services for which
the Award is granted are to be performed, or at such other time or times as may be permitted under Code Section 409A. Notwithstanding the foregoing, a Participant may cancel a deferral election upon (X) a hardship distribution pursuant to
Code Section 401(k), or (Y) upon application for a distribution under section 17(b)(i)(F) (unforeseeable emergency). 

(B) In the case of the first year in which the Participant becomes eligible to participate in the Plan, the election described
in (A) may be made with respect to services to be performed subsequent to the election within 30 days after the date the Participant becomes eligible to participate in the Plan. 

(C) In the case of any performance-based compensation (as that term is defined in Code Section 409A), where such
compensation is based on services performed over a period of at least 12 months, the election described in (A) may be made no later than six months before the end of the period. 

(D) In the case of any Award subject to a substantial risk of forfeiture (as defined in Code Section 409A), the election
described in (A) may be made within 30 days of the date the Participant first obtains a legally binding right to the Award, provided that the Award requires the Participant to perform at least 12 months of service after such election is made.

 (vi) Changes to Elections: To the extent that the Administrator, in its sole discretion, permits a subsequent
election to delay a payment or change the form of payment that has been specified under (A), (B) or (C) above, the following provisions shall apply: 

(A) Such election may not take effect until 12 months after the date on which the election is made; 

  
 19 

 (B) Where the payment is to be made for reasons other than death, disability or
unforeseeable emergency, as those terms are defined in Section 16(b)(i), above, the first payment with respect to which such election is made must be deferred for a period of not less than five years from the date such payment would otherwise
have been made; and 
 (C) Any election related to a payment based upon a specified term or pursuant to a fixed schedule, as
such terms are defined in Section 16(b)(i), above, may not be made less than 12 months prior to the date of the first scheduled payment hereunder. 

Notwithstanding anything else in this Section 16(b)(vi) to the contrary and consistent with Code Section 409A, the Administrator may
elect, or may allow the Participant to elect, on or before December 31, 2007, the time or form of payment of amounts subject to Code Section 409A, provided that any such election occurring in 2007 shall apply only to amounts that are not
otherwise payable in 2007 and does not cause an amount to be paid in 2007 that would not otherwise be payable in that year. 

(vii) Delay of Time of Payment. Notwithstanding Section 16(b)(i), above, the payment of any Award shall be
delayed for the following reasons: 
 (A) Where the Corporation reasonably anticipates that any deduction provided to it by
payment of the Award to the Participant will be limited or eliminated by Code Section 162(m); in such a case, payment will be made as of the earlier of when the Administrator reasonably anticipates that the Corporation’s deduction under
Code Section 162(m) will not be so limited or the calendar year in which the Participant separates from service; 
 (B)
Where the Corporation reasonably anticipates the payment of the Award will violate a term of a loan arrangement or any other similar contractual provision and the violation will cause material harm to the Corporation; in such a case, payment will be
made at the earliest date at which the Administrator reasonably anticipates that payment will not cause such a violation; and 

(C) Where the Corporation reasonably anticipates that payment of the Award will violate federal securities laws or other
applicable laws; in such a case, payment will be made at the earliest date when the Administrator reasonably anticipates that payment will not cause such a violation. 

(viii) Termination of Awards Subject to Code Section 409A. As permitted by the Administrator in its sole
discretion, and in accordance with Code Section 409A, the Corporation may terminate an Award that is subject to Code Section 409A and distribute benefits to Participants. 

 

	17.	General Provisions 

 (a) Shareholder Rights: Except as otherwise determined
by the Administrator (and subject to the provisions of Section 8(d) regarding Restricted Awards), a Participant and his legal representatives, legatees or distributees shall not be deemed to be the holder of any shares subject to an Award and
shall not have any rights of a shareholder unless and until certificates for such shares have been issued and delivered to him or them under the Plan. A certificate or certificates for shares of Common Stock acquired upon exercise of an Option shall
be promptly issued in the name of the Participant (or his beneficiary) and distributed to the Participant (or his 

  
 20 

 
beneficiary) as soon as practicable following receipt of notice of exercise and, with respect to Options, payment of the Option Price (except as may otherwise be determined by the
Corporation in the event of payment of the Option Price pursuant to Section 7(d)(ii)(C)). Except as otherwise provided in Section 8(d) regarding Restricted Stock Awards, a certificate for any shares of Common Stock issuable pursuant to a
Restricted Award, Performance Award or Phantom Stock Award shall be promptly issued in the name of the Participant (or his beneficiary) and distributed to the Participant (or his beneficiary) after the Award (or portion thereof) has vested or been
earned. In no event will the delivery or cash or shares of Common Stock (as the case may be) pursuant to the exercise of Options, vesting of Restricted Awards or vesting, earning or exercise of other Awards otherwise exempt from Code
Section 409A be delayed in a manner that would cause the Award to be construed to involve the deferral of compensation under Code Section 409A unless such deferral is in compliance with Code Section 409A. 

(b) Withholding: The Corporation shall withhold all required local, state, federal, foreign and other taxes and any other amount
required to be withheld by any governmental authority or law from any amount payable in cash with respect to an Award. Prior to the delivery or transfer of any certificate for shares or any other benefit conferred under the Plan, the Corporation
shall require any recipient of an Award to pay to the Corporation in cash the amount of any tax or other amount required by any governmental authority to be withheld and paid over by the Corporation to such authority for the account of such
recipient. Notwithstanding the foregoing, the Administrator may establish procedures to permit a recipient to satisfy such obligation in whole or in part, and any local, state, federal, foreign or other income tax obligations relating to such an
Award, by electing (the “election”) to have the Corporation withhold shares of Common Stock from the shares to which the recipient is entitled. The number of shares to be withheld shall have a Fair Market Value as of the date that the
amount of tax to be withheld is determined as nearly equal as possible to (but not exceeding) the amount of such obligations being satisfied. Each election must be made in writing to the Administrator in accordance with election procedures
established by the Administrator. Notwithstanding the foregoing, share withholding to satisfy such tax obligations shall not be available in connection with any exercise of Options during the first three years of the Corporation’s operations
and, subsequent to such first three years, such share withholding shall not be available if it would represent a safety and soundness issue to the Corporation, based on applicable bank regulatory laws and regulations and other guidance. 

(c) Section 16(b) Compliance: If and to the extent that any Participants in the Plan are subject to Section 16(b) of the
Exchange Act, it is the general intention of the Corporation that transactions under the Plan shall comply with Rule 16b-3 under the Exchange Act and that the Plan shall be construed in favor of such Plan transactions meeting the requirements of
Rule 16b-3 or any successor rules thereto. Notwithstanding anything in the Plan to the contrary, the Administrator, in its sole and absolute discretion, may bifurcate the Plan so as to restrict, limit or condition the use of any provision of the
Plan to Participants who are officers or directors subject to Section 16 of the Exchange Act without so restricting, limiting or conditioning the Plan with respect to other Participants. 

(d) Code Section 162(m) Performance-Based Compensation: If and to the extent to which Code Section 162(m) is applicable, the
Corporation intends that compensation paid under the Plan to Covered Employees will, to the extent practicable, constitute “qualified performance-based compensation” within the meaning of Code Section 162(m), unless otherwise
determined by the Administrator. Accordingly, Awards granted to Covered Employees which are intended to qualify for the performance-based exception under Code Section 162(m) shall be deemed to include any such additional terms, conditions,
limitations and provisions as are necessary to comply with the performance-based compensation exemption of Code Section 162(m), unless the Administrator, in its discretion, determines otherwise. 

  
 21 

 (e) Unfunded Plan; No Effect on Other Plans: 

(i) The Plan shall be unfunded, and the Corporation shall not be required to create a trust or segregate any assets that may at
any time be represented by Awards under the Plan. The Plan shall not establish any fiduciary relationship between the Corporation and any Participant or other person. Neither a Participant nor any other person shall, by reason of the Plan, acquire
any right in or title to any assets, funds or property of the Corporation or any Affiliate, including, without limitation, any specific funds, assets or other property which the Corporation or any Affiliate, in their discretion, may set aside in
anticipation of a liability under the Plan. A Participant shall have only a contractual right to the Common Stock or other amounts, if any, payable under the Plan, unsecured by any assets of the Corporation or any Affiliate. Nothing contained in the
Plan shall constitute a guarantee that the assets of such entities shall be sufficient to pay any benefits to any person. 

(ii) The amount of any compensation deemed to be received by a Participant pursuant to an Award shall not constitute
compensation with respect to which any other employee benefits of such Participant are determined, including, without limitation, benefits under any bonus, pension, profit sharing, life insurance or salary continuation plan, except as otherwise
specifically provided by the terms of such plan or as may be determined by the Administrator. 
 (iii) The adoption of the
Plan shall not affect any other stock incentive or other compensation plans in effect for the Corporation or any Affiliate, nor shall the Plan preclude the Corporation from establishing any other forms of stock incentive or other compensation for
employees or service providers of the Corporation or any Affiliate. 
 (f) Applicable Law: The Plan shall be governed by and
construed in accordance with the laws of the State of Georgia, without regard to the conflict of laws provisions of any state, and in accordance with applicable federal laws of the United States. 

(g) Beneficiary Designation: The Administrator may permit a Participant to designate in writing a person or persons as beneficiary,
which beneficiary shall be entitled to receive settlement of Awards (if any) to which the Participant is otherwise entitled in the event of death. In the absence of such designation by a Participant, and in the event of the Participant’s death,
the estate of the Participant shall be treated as beneficiary for purposes of the Plan, unless the Administrator determines otherwise. The Administrator shall have sole discretion to approve and interpret the form or forms of such beneficiary
designation. A beneficiary, legal guardian, legal representative or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent
that the Plan and/or Award Agreement provide otherwise, and to any additional restrictions deemed necessary or appropriate by the Administrator. 

(h) Gender and Number: Except where otherwise indicated by the context, words in any gender shall include any other gender, words in
the singular shall include the plural and words in the plural shall include the singular. 
 (i) Severability: If any provision of
the Plan shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of the Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had not been included. 

(j) Rules of Construction: Headings are given to the sections of this Plan solely as a convenience to facilitate reference. The
reference to any statute, regulation or other provision of law shall be construed to refer to any amendment to or successor of such provision of law. 

(k) Successors and Assigns: The Plan shall be binding upon the Corporation, its successors and assigns, and Participants, their
executors, administrators and permitted transferees and beneficiaries. 

  
 22 

 (l) Right of Offset: Notwithstanding any other provision of the Plan or an Award
Agreement, the Corporation may reduce the amount of any payment or benefit otherwise payable to or on behalf of a Participant by the amount of any obligation of the Participant to or on behalf of the Corporation that is or becomes due and payable.

 (m) Effect of Changes in Status: The Administrator has sole discretion to determine, subject to Code Section 409A, at the
time of grant of an Award or at any time thereafter, the effect, if any, on Awards granted to a Participant (including, but not limited to, the vesting, exercisability and/or earning of Awards) if the Participant’s status as an Employee or
Director changes, including but not limited to a change from full-time to part-time, or vice versa, or if other similar changes in the nature or scope of the Participant’s employment or service occur. 

(n) Shareholder Approval: The Plan is subject to approval by the shareholders of the Corporation, which approval must occur, if at all,
within 12 months of the Effective Date of the Plan. Awards granted prior to such shareholder approval shall be conditioned upon and shall be effective only upon approval of the Plan by such shareholders on or before such date. 

(o) Fractional Shares: Except as otherwise provided in an Award Agreement or determined by the Administrator, (i) the total number
of shares issuable pursuant to the exercise, vesting or earning of an Award shall be rounded down to the nearest whole share, and (ii) no fractional shares shall be issued. The Administrator may, in its discretion, determine that a fractional
share shall be settled in cash. 
 (p) Additional Bank Regulatory Restrictions: Notwithstanding any provision of this Plan or an
Award Agreement to the contrary, the Corporation may require a Participant under the Plan to exercise or forfeit any Awards which may have been granted under the Plan, if the Corporation is so directed by the Georgia Department of Banking and
Finance, the Federal Deposit Insurance Corporation or the Federal Reserve Bank of Atlanta and the Corporation’s capital (or the capital of any federally-insured depository subsidiary of the Corporation) falls below the minimum requirements, as
determined by the Georgia Department of Banking and Finance, the Federal Deposit Insurance Corporation or the Federal Reserve Bank of Atlanta. 

IN WITNESS WHEREOF, this Atlantic Capital Bancshares, Inc. 2006 Stock Incentive Plan, is, by the authority of the Board of Directors of the
Corporation, executed in behalf of the Corporation, effective the      day of             , 2007. 

 

			
	ATLANTIC CAPITAL BANCSHARES, INC.
		
	By:		  

	Name:		  

	Title:		  

  

	
	 ATTEST:

	
	  

	 Secretary

	
	 [Corporate Seal]

  
 23

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