Document:

Exhibit 10.2

 Exhibit 10.2 

PLAN DOCUMENT 

SHARE PLUS FEDERAL BANK 

2008 NONQUALIFIED DEFERRED COMPENSATION PLAN 

* * * 
 Initial
effective date: May 1, 2008 
 Number of this Statement or Restatement: Initial Statement  

General effective date of this Statement or Restatement: May 1, 2008 

 

					
		 		  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

 TABLE OF CONTENTS 

 

			
	 I.         PURPOSE OF PLAN AND ACCEPTANCE OF TERMS
	  	1
		
	 II.        STATUS OF PLAN UNDER INTERNAL REVENUE CODE AND ERISA
	  	1
	 A.        Internal Revenue Code
	  	1
	 B.        ERISA
	  	1
		
	 III.      ADMINISTRATION
	  	1
		
	 IV.      ELIGIBILITY
	  	2
		
	 V.       PARTICIPANT’S ACCOUNT
	  	2
	 A.        Plan Benefits consist only of Account Values
	  	2
	 B.        Account Only Notional
	  	2
		
	 VI.      VESTING OF ACCOUNTS
	  	3
	 A.        Vesting Schedule
	  	3
	 B.        Acceleration of Vesting on Death, Disability, Change in Control, or Exercise of
Discretion by Committee
	  	4
	 C.        Complete Forfeiture on Involuntary Termination for Cause
	  	4
		
	 VII.    PAYMENT OF ACCOUNT BALANCES
	  	4
		
	 VIII.  BENEFITS ON DEATH
	  	5
	 A.        Entitlement of Beneficiaries
	  	5
	 B.        Designation of Beneficiaries
	  	5
	 C.        Default Beneficiaries
	  	5
		
	 IX.      SOURCE OF PAYMENT
	  	5
	 A.       No Plan Assets
	  	5
		
	 X.       TAXES
	  	6
	 A.        Employee Payroll Taxes Borne by Participant or Beneficiary
	  	6
	 B.        No Guaranty of Favorable Tax Treatment
	  	6
		
	 XI.      Elections and Notices
	  	7
		
	 XII.    DISPUTE RESOLUTION
	  	7
	 A.        Procedure for Review of Denial of Benefits
	  	7
		
	 XIII.  MISCELLANEOUS
	  	9
	 A.        No Guarantee of Employment
	  	9
	 B.        No Anticipation or Assignment
	  	9
	 C.        Applicable Law
	  	9
	 D.        Severability
	  	9
	 E.         Enumerations and Headings
	  	9
		
	 XIV.  PLAN AMENDMENT AND TERMINATION
	  	10
		
	 XV.    DEFINITIONS
	  	11

  

					
		 	-i-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	I.	PURPOSE OF PLAN AND ACCEPTANCE OF TERMS 

This Plan’s purpose is to provide selected executive employees with nonqualified deferred compensation subject to vesting. Each
Participant will receive a copy of the Plan Document and will be deemed thereby to have accepted all of the Plan’s terms and conditions. 
  

	II.	STATUS OF PLAN UNDER INTERNAL REVENUE CODE AND ERISA 

  

	 	A.	Internal Revenue Code 

The Plan is not intended to meet the requirements of Section 401 (a) of the Code for being a tax-qualified plan and therefore is
intended to be a nonqualified deferred compensation plan generally subject to the requirements of IRC § 409A. 
  

	 	B.	ERISA 

 The Plan is
intended to be an unfunded plan of deferred compensation for a select group of management or highly compensated employees of the Company and therefore is intended to be covered generally by Title I of ERISA, but not by Parts 2, 3, or 4 of Title I of
ERISA. 
  

	III.	ADMINISTRATION 

 The Plan
shall be administered by the Committee; provided, however, that the Board may review, and approve or disapprove, any action taken by the Committee. The Committee’s or Board’s, as the case may be, decisions with respect to the Plan are
final and binding on all Claimants. 
  

					
		 	-1-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	IV.	ELIGIBILITY 

 The
Committee shall determine which of its executive employees are eligible to participate in the Plan. No person shall become a Participant except as he or she may be informed in writing of his or her eligibility by the Committee. The Committee may
determine at any time that an executive employee who was eligible to participate shall cease to be eligible for future benefit accruals, but a Participant’s ceasing to be eligible to participate shall have no effect on the timing of any Plan
payment to the Participant. 
  

	V.	PARTICIPANT’S ACCOUNT 

  

	 	A.	Plan Benefits consist only of Account Values 

A Participant’s Plan Benefit shall consist solely of the net amount credited to his or her Account. The net amount credited to a
Participant’s Account as of the date of his or her initial participation in the Plan shall be $0 (zero dollars). A Participant’s Account shall thereafter be credited periodically with any and all interest or other investment earnings
credited under the annuity contract or other investment alternative identified in Appendix B. Each Participant shall have a personal Appendix B applicable to his or her participation, which need not be, and likely will not be, substantially
identical to any other Participant’s Appendix B. A Participant’s Account shall not include the principal amount of the annuity contract or other investment alternative described in Appendix B, but only the accumulated interest or other
investment earnings with respect to such annuity contract, as determined from time to time in accordance with Appendix B and the underlying annuity contract or other investment alternative. 

 

	 	B.	Account Only Notional 

Each Participant’s Account records only the Company’s monetary obligation to him or her. The Plan does not own, or have any
special claim to, any funds or asset of its own. 
  

					
		 	-2-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

 The Plan does not own any annuity contract or other asset identified in Appendix B, nor is the Company
required to own any such annuity contract or other investment. Any annuity contract or other investment identified in Appendix B is only a way to determine the amount to be credited to the Participant’s Account. In the event of the
Company’s bankruptcy, the rights of a Participant and his or her Beneficiary(ies) to receive payments from the Plan shall only be the rights of general unsecured creditors of the Company. 

 

	VI.	VESTING OF ACCOUNTS 

  

	 	A.	Vesting Schedule 

 The
unvested portion of the amount credited to a Participant’s Account shall be forfeited (that is, never paid to the Participant) if the Participant terminates employment for any reason other than death or becoming Disabled before being 100%
vested in his or her Account. A Participant’s vested percentage as of his or her Initial Date of Participation shall be 0% (zero percent). Except as provided in Section VI(B) or (C) below, a Participant’s vested percentage in the
amount credited to his or her Account shall increase after his or her Initial Date of Participation in accordance with the following schedule: 
  

					
	 Provided that the Participant has not undergone a
Separation from Service on or before such date,
a
Participant’s vested percentage shall increase to
	  	 of the
	  	 On the

			
	 20%
	  	Total accrued interest earnings to date	  	First anniversary of his or her Initial Participation Date
			
	 40%
	  	Total accrued interest earnings to date	  	Second anniversary of his or her Initial Participation Date
			
	 60%
	  	Total accrued interest earnings to date	  	Third anniversary of his or her Initial Participation Date
			
	 80%
	  	Total accrued interest earnings to date	  	Fourth anniversary of his or her Initial Participation Date
			
	 100%
	  	Total accrued interest earnings to date	  	Fifth anniversary of his or her Initial Participation Date

  

					
		 	-3-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	 	B.	Acceleration of Vesting on Death, Disability, Change in Control, or Exercise of Discretion by Committee 

Notwithstanding the vesting schedule in Section VI(A), a Participant’s Account shall immediately become 100% vested if the
Participant dies or becomes Disabled, or if a Change in Control occurs. The Committee (with the approval of the Board) also has the discretion to accelerate for any reason the vesting of any Participant and in doing so need not accelerate the
vesting of any other Participant. 
  

	 	C.	Complete Forfeiture on Involuntary Termination for Cause 

Notwithstanding any other Plan provision, a Participant shall forfeit his or her entire Plan benefit (that is, any right to receive any
payment whatsoever under the Plan) if the Participant’s employment is terminated by the Company involuntarily for Cause, or if Cause exists at the time Participant voluntarily terminates employment with the Company. 

 

	VII. 	PAYMENT OF ACCOUNT BALANCES 

The amount credited to a Participant’s Account will be paid to the Participant in a single cash payment within 90 consecutive days
after the earlier of (a) the date on which the Participant’s Account becomes 100% vested under the vesting schedule contained in Section VI(A), or would have become 100% vested under the vesting schedule in Section VI(A), had the
Participant’s vesting not been accelerated, or had the Participant had a Separation from Service before such date, or (b) the Participant’s Separation from Service other than for Cause, and in either such case the Participant’s
Account shall continue to be credited with interest or other investment earnings in accordance with Appendix B for the Participant until paid. If the 90-consecutive-day period during which payment to Participant may be made under the preceding
sentence spans two taxable years of the Participant, the Participant shall not have the right to designate in which calendar year the payment will be made. 
  

					
		 	-4-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	VIII. 	BENEFITS ON DEATH 

  

	 	A.	Entitlement of Beneficiaries 

The amount credited to a Participant’s Account at the time of his death will become the property of his or her Beneficiary(ies).

  

	 	B.	Designation of Beneficiaries 

Unless another writing is accepted for this purpose by the Plan Administrator, the writing used by a Participant to instruct the Company
as to the identity of the Participant’s Beneficiary(ies) will be a Beneficiary Designation Form in the form of Appendix C. 
  

	 	C.	Default Beneficiaries 

 If
at the time of a Participant’s death no valid Beneficiary Designation Form is on file, then his or her Beneficiary will be his or her surviving spouse, or, if he or she has no surviving spouse, his or her issue by right of
representation. For the purpose of determining a Participant’s Beneficiary(ies) under this Plan, the term “issue” includes adopted children, but does not include stepchildren, unless adopted. 

 

	IX.	SOURCE OF PAYMENT 

  

	 	A.	No Plan Assets 

 Even if
the Company establishes a Rabbi Trust in connection with the Plan, the Company’s obligations to any Participant under the Plan are only contractual. Neither the Plan nor any Participant has any right, title, or interest to or in any investment
of whatever nature that the Company may choose to acquire to hedge, offset, or match its liability under the Plan. The Company has no obligation to establish a Rabbi Trust with respect to the Plan. 

 

					
		 	-5-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	X.	TAXES 

  

	 	A.	Employee Payroll Taxes Borne by Participant or Beneficiary 

Before crediting any amount to an Account, permitting any amount to become vested under the Plan, or paying any amount otherwise due under
the Plan, the Company will reduce the gross amount to be so credited, vested, or paid, and/or reduce any other amount(s) owed by the Company to a Participant or Beneficiary, as the Company may, in its complete discretion, determine, by the total
amount of all Employee Payroll Taxes imposed by law with respect to the amount to be credited, vested, or paid. 
  

	 	B.	No Guaranty of Favorable Tax Treatment 

Although the Company may inform a Participant and/or a Beneficiary of what it believes to be the Plan’s federal and state tax
consequences to him, her, or it, as the case may be, the Company does not guarantee any particular federal or state tax consequences of Plan benefits. Participants and Beneficiary(ies) must rely on their own acumen or their own personal tax and
financial adviser(s) as to the federal and state tax consequences of Plan participation. 
 The Company has the sole authority,
responsibility, and discretion to interpret and apply the Plan’s provisions and will adopt such rules and regulations with respect to the Plan as it may deem necessary or appropriate. 

 

					
		 	-6-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	XI.	Elections and Notices 

All elections and notices intended by a Participant or a Beneficiary to be given to the Company will be in writing and either personally
delivered or mailed by U.S. First Class mail to the Company at its main offices at 5224 West Plano Parkway, Plano, Texas 75093. Any notice intended to be given by the Company to a Participant, a Beneficiary, or a Claimant will be given to the
Participant, Beneficiary, or Claimant by U.S. First Class mail, addressed to the home address of the Participant, Beneficiary, or Claimant, as the case may be, that may be found in the Company’s personnel records, or, if the Participant,
Beneficiary, or Claimant is in the Company’s current employment and available to receive notice by personal delivery on the Company’s premises, by personal delivery on the Company’s premises. 

 

	XII. 	DISPUTE RESOLUTION 

  

	 	A.	Procedure for Review of Denial of Benefits 

(1) The Company will generally determine a Participant’s and any Beneficiary’s rights to payment under the Plan, will cause
payments that are due to be made under the Plan to the Participant or Beneficiary to be made to the right person at the right time, and will determine all other matters under the Plan without the Participant’s or Beneficiary’s having to
apply for any determination or payment. However, any Claimant may make an application for Plan benefits, and should a Claimant make such an application, then the Company will determine the Claimant’s rights to Plan benefits. 

(2) If the Company wholly or partially denies a claim for benefits, the Company will provide the Claimant with a notice of the denial
that sets forth the specific reason(s) for the denial, specific references to the Plan provisions on which the denial is based, a description of any additional material or information that may be needed from the Claimant or any other person in order
to perfect the claim, and information as to the steps to be taken if the Claimant wishes to appeal the denial. The notice of denial will be given within a reasonable time, but not later than 90 days after the claim is filed, unless special
circumstances require an extension of time for 
  

					
		 	-7-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

 
processing the claim. If an extension of time is required, written notice will be furnished to the Claimant within 90 days of the date the claim was filed, stating the special circumstances
requiring the extension and the date by which a decision on the claim can be expected, which date will be no more than 180 days from the date the claim was filed. If no notice of denial is provided by the deadline for providing the notice, then the
claim will be deemed to have been denied and the Claimant may appeal the denial. 
 (3) A Claimant may appeal a denied claim to
the Company, with or without the aid of an attorney or other representative, and, in connection with the appeal, may review pertinent documents and submit issues and comments in writing. Any appeal must be made within 60 days of the date the
Claimant receives notification of the denied claim or, in the case of the claimed existence of new evidence that the Claimant wishes to bring to the Company’s attention that both (i) was unknown to and not reasonably discoverable by the
Claimant before the time the initial claim or an earlier appeal of the initial claim was denied and (ii) bears significantly on the merits of the claim, within 60 days of the date of the Claimant’s discovery of such new evidence. If a
Claimant bases an appeal in whole or in part on the existence of new evidence, the Company may in its discretion require the Claimant make a new claim for benefits. 

(4) On receipt of an appeal from a decision of the Company, the Company will, within a reasonable time, but not later than 60 days after
receiving the appeal, unless special circumstances require an extension of time for processing the appeal, provide written notification of its decision to the Claimant, stating the specific reasons and referencing specific Plan provisions on which
its decision is based. If an extension is required, the Company will notify the Claimant of the special circumstances and of a date no later than 120 days after the date the appeal was made when the Company will notify the Claimant of its decision.

  

					
		 	-8-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	XIII. 	MISCELLANEOUS 

  

	 	A.	No Guarantee of Employment 

Nothing contained in the Plan, and no action taken under it, may be construed as a contract of employment or as giving any Participant any
right to be retained in the Company’s employment. 
  

	 	B.	No Anticipation or Assignment 

Except in the case of a qualified domestic relations order (“QDRO”) under ERISA, a Participant’s or any Beneficiary’s
right to any payment under the Plan will not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or garnishment by the Participant’s or Beneficiary’s creditors. 

 

	 	C.	Applicable Law 

 It is
intended that this Plan be governed by ERISA and by the laws of the State of Texas to the extent, if any, that any state’s laws may apply. 
  

	 	D.	Severability 

 If any
provisions of the Plan are held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions will nevertheless continue to be effective to the maximum possible extent. 

 

	 	E.	Enumerations and Headings 

The enumeration and headings in this Plan are merely for convenience of reference. They are not intended to have substantive significance.

  

					
		 	-9-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	XIV. 	PLAN AMENDMENT AND TERMINATION 

(1) The Company may amend or terminate the Plan in its complete discretion at any time. Termination of the Plan is discretionary with the
Company even after a Change in Control. Any amendment or Plan termination will be effective only prospectively, and may not adversely affect the rights of any Participant or Beneficiary to any benefit previously accrued under the Plan. For the
purpose of interpreting the preceding sentence, any amendment that does not (1) reduce the vested amount credited to a Participant’s Account as of the date immediately before the date when the amendment becomes effective or is adopted,
whichever occurs later, or (2) reduce the rate of interest or other investment earnings and/or appreciation to be credited, or that can reasonably be expected to be credited, to the Participant’s Account after the date when the amendment
becomes effective or is adopted, whichever occurs later, to a rate that can be demonstrated by clear and convincing evidence is unreasonably low when compared with the rate that could be earned by the Participant on a non-Plan investment with
similar risk and tax consequences that is reasonably available to the Participant, will be deemed not to have adversely affected the Participant’s or any Beneficiary’s rights with respect to amounts previously earned under the Plan. Except
as specifically provided in the case of the Plan’s termination following a Change in Control, no amendment may change the date when payment would otherwise be made to a Participant under the Plan. 

(2) If the Company terminates the Plan, no Participant’s Account will be paid to a Participant by the Company until the time when it
would otherwise have been paid, determined as if the Plan had not been terminated; provided, however, that the Company may cause all Participants’ Accounts to be distributed in connection with a Plan termination that occurs within 12 months
after a Change in Control, but only to the extent that Company determines that such distribution will not cause amounts deferred under the Plan to become subject to the additional taxes imposed by IRC § 409A. 

 

					
		 	-10-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

	XV. 	DEFINITIONS 

 For Plan
purposes, the following terms will have the following meanings: 
 A. “Account” means the
bookkeeping account maintained by Company to record the amount owed to Participant under the Plan. 
 B.
“Beneficiary” means a person entitled to all or a portion of Participant’s Account after the Participant’s death. 

C. “Board” means the Company’s Board of Directors. 

D. “Cause” means (i) the Participant’s conviction of, pleading no contest to, or being placed
on deferred adjudication for, a felony that adversely affects the Participant’s or Company’s reputation in the community; (ii) the Participant’s conviction of any felony; or (iii) any act, omission, or course of conduct
constituting material dishonesty on the part of the Participant toward or involving the Company. 
 E.
“Change in Control” means a change in the ownership or effective control of the Company, or in the ownership of a substantial portion of the assets of the Company, but only as set forth in Appendix A. 

F. “Claimant” means a Participant, Beneficiary, or any other person, who claims a benefit under the Plan.

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

H. “Committee” means the Compensation Committee of the Board.  

I. “Company” means Share Plus Federal Bank. 

J. “Disabled” is defined in Appendix A. 

 

					
		 	-11-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

 K. “Employee Payroll Taxes” means Federal Insurance
Contributions Act (“FICA”) taxes and/or any other taxes (including, but not by way of limitation, federal or state income tax withholding on wages, deferred compensation, disability benefits, death benefits, or similar amounts, the
additional taxes imposed by IRC § 409A, and including any such taxes enacted after the Initial Effective Date), but only to the extent that such taxes are imposed on the Participant, Beneficiary, or other payee, as the case may be, and not on
the Company. 
 L. “ERISA” means the Employee Retirement Income Security Act of 1974, as
amended. 
 M. “Initial Participation Date” means the date specified by the Committee in writing
as the date when a Participant begins to participate in the Plan. 
 N. “Initial Effective
Date” means May 1, 2008. 
 O. “Participant” means an executive employee of the
Company who has been selected by the Committee in writing to participate in the Plan. 
 P. “Plan”
means the Share Plus Federal Bank Nonqualified Deferred Compensation Plan. 
 Q. “Rabbi Trust”
means a grantor trust established by the Company and to which the Company makes contributions, and from which the Company intends that all or a portion of the Plan’s benefits are intended to be paid. A Rabbi Trust will generally provide
that except in the case of the Company’s bankruptcy or other insolvency, the Company has no right to withdraw assets from the Rabbi Trust until after the satisfaction of all of the Plan’s liabilities and may also provide that the Company
not amend the trust instrument to stop payments by the Rabbi Trust to the Participant or Beneficiary, but in the event of the Company’s bankruptcy or other insolvency, the trustee will stop any payments from the Rabbi Trust to Participant or
Beneficiary(ies) and will hold the assets of the Rabbi Trust for benefit of the Company’s general unsecured creditors, including Participant and Beneficiary(ies) owed amounts under the Plan, but also including all other general unsecured
creditors of the Company. 
  

					
		 	-12-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

 R. “Separation From Service” is defined in Appendix A.

 * * * 

Executed as of _____________________________________________in Piano, Texas. 

 

			
	SHARE PLUS FEDERAL BANK
		
	By	 	 
		
	Its	 	 

  

					
		 	-13-	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Plan Document

 SHAREPLUS FEDERAL BANK 

2008 NONQUALIFIED DEFERRED COMPENSATION PLAN 

 
  

Amendment Number One 
  

 
 THIS
AMENDMENT to the SharePlus Federal Bank 2008 Nonqualified Deferred Compensation Plan (the “Plan”) is made by SharePlus Federal Bank (the “Bank”). 

WHEREAS, the Bank adopted the Plan, effective May 1, 2008; and 

WHEREAS, the Bank has adopted a Plan of Conversion whereby it intends to convert from mutual to stock form and become the
wholly-owned subsidiary of SharePlus Bancorp, Inc., which will be a publicly-traded Maryland stock holding company; and 

WHEREAS, the Bank wishes to amend the Plan to provide that benefit distribution to a “specified employee” of a publicly
traded company who has a separation from service other than due to death or disability) will be delayed and paid on the first day of the seventh month following the participant’s separation from service, in accordance with the requirements of
Section 409A of the Internal Revenue Code; and 
 WHEREAS, the Bank may amend the Plan at any time, pursuant to
Article XIV of the Plan. 
 NOW, THEREFORE, the following amendment to the Plan is hereby adopted: 

1. Article VII of the Plan is hereby amended by adding the following sentence to the end thereof: 

“Notwithstanding anything herein to the contrary, if the Participant is a Specified Employee and the Participant’s distribution
is due to his Separation from Service (other than due to death or the Participant’s having become Disabled), then single cash payment shall be delayed and shall be paid on the first day of the seventh month following the Participant’s
Separation from Service.” 
 2. Appendix A to the Plan shall be amended by adding the following definition to the end
thereof: 
 “Specified Employee” means, with respect to an employee of a publicly traded company or its subsidiary,
any Participant who also satisfies the definition of “key employee” as such term is defined in Code Section 416(i) (without regard to paragraph (5) thereof).” 

[Signature Page Follows] 

 APPENDIX A 

SHARE PLUS FEDERAL BANK  

2008 NONQUALIFIED DEFERRED COMPENSATION PLAN 

* * * 
 IRC
§ 409A REQUIRED DEFINITIONS 
 “Change In Control” means a Change In Ownership of the Company, A
Change In the Effective Control of the Company, or a Change in the Ownership of a Substantial Portion of the Company’s Assets. 

“Change in Ownership of the Company” means, except as provided below, that any one person, or more than one person
acting as a group, acquires ownership of stock of the Company that, together with stock held by such person or group, constitutes more than 50 percent of the total fair market value or total voting power of the stock of the Company, and is treated
as occurring on the date when either 50% threshold is crossed. An increase in the percentage of stock owned by any one person, or persons acting as a group, as a result of a transaction in which the Company acquires its stock in exchange for
property will be treated as an acquisition of stock for purposes of this section. This section applies only when there is a transfer of stock of the Company (or issuance of stock of the Company) and stock in the Company remains outstanding after the
transaction. For purposes of the foregoing, persons will not be considered to be acting as a group solely because they purchase or own stock of the Company at the same time, or as a result of the same public offering. However, persons will be
considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business transaction with the Company. If a person, including an entity, owns stock in both
the Company and another corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar transaction, with or of the Company, such shareholder is considered to be acting as a group with other shareholders only with
respect to the ownership in the Company or other corporation before the transaction giving rise to the change and not with respect to the ownership interest in the other corporation. 

“Change In the Effective Control of the Company” means the occurrence of either of the following: 

(1) Any one person, or more than one person acting as a group, acquires (or has acquired during the 12-month period ending
on the date of the most recent acquisition by such person or persons) ownership of stock of the Company possessing 30 percent or more of the total voting power of the stock of the Company, and occurs on the date when the 30% threshold is first
crossed. 
  

					
		 	A-1	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Beneficiary Designation Form

 (2) A majority of members of the Company’s board of directors is
replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Company’s board of directors before the date of the appointment or election, and occurs on the date such majority
is first attained. If any one person, or more than one person acting as a group, is considered to effectively control the Company (within the meaning set forth above), the acquisition of additional control of the Company by the same person or
persons is not considered to cause a Change in the Effective Control of the Company (or to cause a change in the ownership of the Company as set forth above). 

For purposes of the above, persons will not be considered to be acting as a group solely because they purchase or own stock of the Company at the same
time, or as a result of the same public offering. However, persons will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar business
transaction with the Company. If a person, including an entity, owns stock in both the Company and another corporation that enters into a merger, consolidation, purchase or acquisition of stock, or similar transaction, such shareholder is considered
to be acting as a group with other shareholders in the Company or the other corporation only with respect to the ownership in the Company or other corporation before the transaction giving rise to the change and not with respect to the ownership
interest in the other corporation. 
 “Change In the Ownership of a Substantial Portion of the Company’s
Assets” means that any one person, or more than one person acting as a group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) assets from the Company
that have a total gross fair market value equal to or more than 40 percent of the total gross fair market value of all of the assets of the Company immediately before such acquisition or acquisitions, and occurs on the date when such 40% threshold
is crossed. For this purpose, gross fair market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. There is no Change In
Ownership of a Substantial Portion of the Assets of the Company when there is a transfer to an entity that is controlled by the shareholders of the Company immediately after the transfer. A transfer of assets by the Company is not treated as a
change in the ownership of such assets if the assets are transferred to: 
 (i) A Company shareholder
(immediately before the asset transfer) in exchange for or with respect to its stock; 
 (ii) An entity, 50
percent or more of the total value or voting power of which is owned, directly or indirectly, by the Company; 

(iii) A person, or more than one person acting as a group, that owns, directly or indirectly, 50 percent or more of the
total value of voting power of all the outstanding stock of the Company; 
 (iv) An entity, at least 50 percent
of the total value or voting power of which is owned, directly or indirectly, by a person, or more than one person acting as a group, that owns, directly or indirectly, 50 percent or more of the total value or voting power of all the outstanding
stock of the Company. 
  

					
		 	A-2	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Beneficiary Designation Form

 For purposes of the above and except as otherwise provided herein, a person’s status is determined
immediately after the transfer of the assets. For example, a transfer to a corporation in which the transferor corporation has no ownership interest before the transaction, but that is a majority-owned subsidiary of the transferor corporation after
the transaction, is not treated as a change in the ownership of the assets of the transferor corporation. Persons will not be considered to be acting as a group solely because they purchase assets of the Company at the same time. However, persons
will be considered to be acting as a group if they are owners of a corporation that enters into a merger, consolidation, purchase or acquisition of assets, or similar business transaction with the Company. If a person, including an entity
shareholder, owns stock in both the Company and a corporation that enters into a merger, consolidation, purchase or acquisition of assets, or similar transaction, such shareholder is considered to be acting as a group with other shareholder in the
Company or the other corporation only to the extent of the ownership in the Company or other corporation before the transaction giving rise to the change and not with respect to the ownership interest in the other corporation. 

“Disabled” means that the Participant meets either of the following requirements: 

(a) He or she is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. 

(b) He or she is, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and health plan covering employees of the service provider’s employer. A
Participant will be deemed Disabled if determined to be totally disabled by the Social Security Administration. A Participant will also be deemed Disabled if determined to be disabled in accordance with a disability insurance program, provided that
the definition of disability applied under such disability insurance program complies with the foregoing requirements. 

“Separation From Service” means the Participant has died, retired, or otherwise had a termination of employment with the
Company, subject to the following qualifications: 
 (a) Whether a termination of employment has occurred is determined based on
whether the facts and circumstances indicate that the Company and the Participant reasonably anticipated that either (i) no further services would be performed by the Participant for the Company after a certain date or (ii) the level of
bona fide services the Participant would perform after such date (whether as an employee or as an independent contractor) would permanently decrease to no more than 20 percent of the average level of bona fide services performed (whether as an
employee or an independent contractor) over the immediately preceding 36-month period (or the full period of services to the Company if the Participant has been providing services to the Company less than 36 months). Facts and circumstances to be
considered in 
  

					
		 	A-3	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Beneficiary Designation Form

 
making this determination include, but are not limited to, whether the Participant continues to be treated as an employee for other purposes (such as continuation of salary and participation in
employee benefit programs), whether similarly situated service providers have been treated consistently, and whether the Participant is permitted, and realistically available, to perform services for other service recipients in the same line of
business. The Participant will be presumed to have separated from service where the level of bona fide services performed decreases to a level equal to 20 percent or less of the average level of services performed by the Participant during the
immediately preceding 36-month period. The Participant will be presumed not to have separated from service where the level of bona fide services performed continues at a level that is 50 percent or more of the average level of services performed by
the Participant during the immediately preceding 36-month period. No presumption applies to a decrease in the level of bona fide services performed to a level that is more than 20 percent and less than 50 percent of the average level of bona fide
services performed during the immediately preceding 36-month period. The presumption is rebuttable by demonstrating that the Company and the Participant reasonably anticipated that as of a certain date the level of bona fide services would be
reduced permanently to a level less than or equal to 20 percent of the average level of bona fide services provided during the immediately preceding 36-month period or full period of services provided to the Company if the Participant has been
providing services to the service recipient for a period of less than 36 months (or that the level of bona fide services would not be so reduced). 

(b) The Participant shall not be considered to have had a Separation from Service while he or she is on military leave, sick leave, or
other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the Participant retains a right to reemployment with the Company under an applicable statute or by contract. A leave of absence
constitutes a bona fide leave of absence only if there is a reasonable expectation that the Participant will return to perform services for the Company. If the period of leave exceeds six months and the Participant does not retain a right to
reemployment under an applicable statute or by contract, a Separation from Service is deemed to occur on the first date immediately following such six-month period. Notwithstanding the foregoing, where a leave of absence is due to any medically
determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six months, where such impairment causes the Participant to be unable to perform the duties of his
or her position of employment or any substantially similar position of employment, a 29-month period of absence is substituted for such six-month period. For periods during which the Participant is on a paid bona fide leave of absence (as defined
above) and has not otherwise terminated employment, the Participant is treated as providing bona fide services at a level equal to the level of services that the Participant would have been required to perform to receive the compensation paid with
respect to such leave of absence. Periods during which the Participant is on an unpaid bona fide leave of absence and has not otherwise terminated employment, are disregarded for purposes of determining whether the Participant has had a termination
of employment. 
 (c) Where as part of a sale or other disposition of assets by the Company to an unrelated service recipient
(buyer) the Participant would otherwise experience a Separation From Service with the Company, the Company and the buyer may specify whether the Participant has experienced a Separation From Service, provided that the asset purchase transaction
results from 
  

					
		 	A-4	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Beneficiary Designation Form

 
bona fide, arm’s length negotiations, all employees similarly situated to the Participant immediately before the asset purchase transaction and providing services to the buyer after and in
connection with the assert purchase transaction are treated consistently (regardless of position with the Company) for purposes of applying the provisions of any nonqualified deferred compensation plan as defined in Treas. Reg. § 1.409A-1, and
such treatment is specified in writing no later than the closing date of the asset purchase transaction. For purposes of the above, references to a sale or other disposition of assets, or an asset purchase transaction, refer only to a transfer of
substantial assets, such as a plant or division or substantially all the assets of a trade or business. For purposes of the above, whether a service recipient is related to another service recipient is determined under the rules provided in Treas.
Reg. § 1.409A-l(f)(2)(ii). 
  

					
		 	A-5	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Beneficiary Designation Form

 APPENDIX B 

FOR PARTICIPANT JEFFREY WEAVER 

SHARE PLUS FEDERAL BANK  

2008 NONQUALIFIED DEFERRED COMPENSATION PLAN 

* * * 

DETERMINATION OF VALUE OF PARTICIPANT JEFFREY WEAVER’S ACCOUNT 

Participant Jeffrey Weaver’s Initial Participation Date shall be May 5, 2008, and the value of his Account in the Share Plus
Federal Bank Nonqualified Deferred Compensation Plan (the “Plan”) will be only the accumulated interest credited at any time after his Initial Date of Participation and before his Plan payment date under the provisions of that certain
Western-Southern Life Assurance Company Annuity Contract identified as follows: 
 Western Southern Life Contract #W0021461494

 Issue Date – 05/05/08 
  

					
		 	B-1	  	 Share Plus Federal Bank

2008 Nonqualified Deferred Compensation Plan

Beneficiary Designation FormExhibit 10.3

 Exhibit 10.3 

SHARE PLUS FEDERAL BANK 

PHANTOM STOCK PLAN 

1. Purpose of Plan. The purpose of the Share Plus Federal Bank Phantom Stock Plan is to have Participants become more aware of the
measures that will lead to the creation of maximum value for Share Plus Federal Bank as measured by increases in Net Worth and to provide the Participants with the opportunity to realize significant benefits commensurate with performance and value
creation. Rewards shall be based on the award of Phantom Stock Units and the increase in their hypothetical value. 
 2.
Definitions. The following definitions are applicable to the Plan:  
 Award shall mean the grant of
Phantom Stock Units to a Participant. 
 Award Agreement shall mean the written agreement entered into between the Bank,
on the one hand, and a Participant, on the other hand, with respect to the grant of an Award. A separate Award Agreement shall be entered into with respect to each Award setting forth the Grant Date of the Award, the number of Phantom Stock Units
represented by the Award and the Grant Price. 
 Award Settlement Date shall mean the earliest of the first day of the
calendar month next following (1) five years after the Grant Date, (2) the expiration of six months after the Participant’s Pre-Retirement Termination of Service, or (3) a Change in Control. 

Bank shall mean Share Plus Federal Bank, and any successor to all or substantially all of the Bank’s assets or business.

 Board shall mean the board of directors of the Bank. 

Change in Control shall mean the occurrence of any of the following events: (1) a “change in the ownership of the
Bank”, (2) a “change in the effective control of the Bank”, or (3) a “change in the ownership of a substantial portion of the Bank’s assets”, as such phrases are defined in Section 409A. The preceding
sentence shall be applied using the least restrictive interpretation of each applicable Change in Control Event under Section 409A. It is intended that the consummation of an equity capital raise in connection with or following a standard
conversion of the Bank to a stock institution (whether or not through a holding company format) or in connection with or following a mutual holding company reorganization shall, to the extent permitted by Section 409A, constitute a Change in
Control. 
 Code shall mean the Internal Revenue Code of 1986, as amended. 

Committee shall mean the Board or such Committee as the Board shall appoint to administer the Plan. 

 Continuous Service shall mean the absence of any interruption in service or
Pre-Retirement Termination of Service as an Employee or Eligible Director. Service shall not be considered interrupted in the case of sick leave, military leave or any other leave of absence approved by the Bank. The determination of the length of a
Participant’s Continuous Service shall be determined by the Committee in its sole discretion and shall be binding on all persons. 

Disability shall mean the Participant is unable to engage in any substantial activity by reason of any physical or mental
impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months. The determination of whether a Participant has a Disability shall be determined by the Committee in its sole
discretion. 
 Eligible Director shall mean a member of the Board who is not and has not been an employee or officer of
the Bank or any of its subsidiaries. 
 Employee shall mean a person who is a key employee of the Bank as determined by
the Committee. 
 Final Valuation Date shall mean the Valuation Date immediately preceding the Award Settlement Date.

 Grant Date shall mean the date on which an Award is granted to the Participant by the Committee. 

Grant Price shall mean for each Phantom Stock Unit .00008% of the Net Worth as of the Valuation Date immediately preceding the
Grant Date. 
 Net Worth shall mean the consolidated net worth of the Bank and its subsidiaries as stated in its audited
financial statements if the Valuation Date is the last day of the fiscal year of the Bank or as stated in its monthly unaudited financial statements on any other Valuation Date. Net Worth shall be determined excluding (1) all contributions to
the capital of the Bank and its subsidiaries, (2) FAS 115 adjustments and (3) any extraordinary or nonrecurring items as the Committee determines in its discretion to be appropriate. 

Net Worth Appreciation or Depreciation shall mean the increase or decrease in Net Worth. 

Participant shall mean an Employee or Eligible Director who is selected by the Committee to participate in the Plan, (2) is
granted an Award and (3) enters into an Award Agreement with the Bank with respect to the Award. 
 Phantom Stock
Account shall mean the separate account established and maintained pursuant to Section 7 hereof for a Participant with respect to each Award. 
  

 2 

 Phantom Stock Benefit shall mean at any time the excess of the hypothetical value of
the Phantom Stock Units allocated to a Participant’s Phantom Stock Account as of the most recent Valuation Date, if any, over the Grant Price of such Phantom Stock Units multiplied by the Vested Percentage Interest. The Phantom Stock Benefit
shall be determined separately with respect to each separate Award that is granted under the Plan. 
 Phantom Stock Units
shall mean the hypothetical measurement units awarded under the Plan. 
 Plan shall mean this Share Plus Federal Bank
Phantom Stock Plan, as in effect from time to time. 
 Pre-Retirement Termination of Service shall mean a
Participant’s “separation from service” (as that phrase is defined in Section 409A) with the Bank prior to attaining age 65. 

Section 409A shall mean Section 409A of the Code. 

Termination for Cause shall mean a Pre-Retirement Termination of Service by the Bank on account of a Participant’s
(1) gross negligence in the performance of duties or gross neglect of duties; (2) commission of a misdemeanor involving moral turpitude or a felony; or (3) fraud, disloyalty or willful violation of any law. 

Valuation Date shall mean the last day of the calendar month immediately preceding each of the Grant Date and the Award Settlement
Date and the last day of the fiscal year of the Bank. 
 Vested Percentage Interest shall mean the portion of a
Participant’s Phantom Stock Account that is vested at any time. 
 Year of Service shall mean with respect to each
Award, a 12-month period of Continuous Service with the Bank, commencing with the Participant’s Grant Date with respect to that Award. 

3. Administration. The Plan shall be administered by the Committee. The members of the Committee shall be appointed, removed
and/or substituted from time to time by the Board. Except as limited by the express provisions of the Plan, the Committee shall have sole and complete authority and discretion to (a) select Participants; (b) determine the individual Awards
granted under the Plan; (c) determine the terms and conditions upon which Awards shall be granted under the Plan; (d) prescribe the form and terms of Award Agreements; (e) make, amend, interpret, and enforce all appropriate rules and
regulations for the administration of the Plan, and (f) decide or resolve any and all questions, including interpretations of the Plan, as may arise in connection with the Plan. A majority of the Committee shall constitute a

  

 3 

 
quorum, and the acts of a majority of the members present at any meeting at which a quorum is present, or acts approved in writing by a majority of the Committee without a meeting, shall be acts
of the Committee. Members of the Committee may participate under the Plan. Any individual serving on the Committee who is a Participant in the Plan shall not vote or act on any matter relating solely to himself. When making a determination or
calculation, the Committee shall be entitled to rely on information furnished by the Bank, a Participant, the Board, or a professional advisor to the Bank or the Board. The decision or action of the Committee with respect to any question arising out
of or in connection with the administration, interpretation and application of the Plan and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. In the
administration of the Plan, the Committee may, from time to time, employ agents and delegate to them such administrative duties as it sees fit (including acting through a duly appointed representative) and may from time to time consult with legal
counsel who may be legal counsel to the Bank. 
 4. Aggregate Phantom Stock Units Outstanding. The maximum number of
Phantom Stock Units that may be outstanding under the Plan at any time shall not exceed 100,000. Phantom Stock Units shall be granted at such times and shall be subject to such terms and conditions as set forth in the Award Agreements. 

5. Participation. The Committee may select Employees and Eligible Directors from time to time to become Participants in the Plan.
As a condition of participation, the Participant shall enter into an Award Agreement with the Bank relating to the grant of an Award to the Participant. Employees and Eligible Directors approved for participation will be notified of their selection
as soon after approval as practicable. 
 6. Award of Phantom Stock Units. The number of Phantom Stock Units to be
awarded to a Participant shall be determined by the Committee as of the Grant Date. More than one Award may be made to a Participant. Phantom Stock Units, when granted, shall evidence the right of a Participant to receive the Phantom Stock Benefit
with respect thereto (i.e., the Vested Percentage Interest of the corresponding Phantom Stock Account), subject to the terms and conditions of the Plan and the Participant’s Agreement. 

7. Phantom Stock Accounts. Phantom Stock Units granted to a Participant shall on the Grant Date be credited to a Phantom Stock
Account established and maintained for the Participant. A separate Phantom Stock Account will be established for each Award. Thus, a Participant may have multiple Phantom Stock Accounts. Each Phantom Stock Account shall be the record of Phantom
Stock Units granted to a Participant on each Grant Date for accounting purposes only, and shall not constitute a segregation of assets of the Bank. Phantom Stock Accounts of a Participant shall be valued by the Committee, in the manner provided for
herein, as of the Valuation Date immediately preceding the Grant Date (i.e., to determine the Grant Price) and on each Valuation Date thereafter to reflect changes in the hypothetical value of the Phantom Stock Account. 

 

 4 

 8. Adjustments in Phantom Stock Accounts. As soon as practicable after each Valuation
Date following the Grant Date, the Committee shall review the applicable consolidated financial statements of the Bank and its subsidiaries to determine the Net Worth Appreciation or Depreciation since the previous Valuation Date. Each Phantom Stock
Account shall then be adjusted by multiplying the hypothetical value of the Phantom Stock Account since the last Valuation Date by a factor equal to one (1) plus or minus the percentage Net Worth Appreciation or Depreciation since the last
Valuation Date. No Net Worth Appreciation or Depreciation shall be credited or debited to a Participant’s Phantom Stock Account after the Final Valuation Date. 

9. Vested Percentage Interest. Except as otherwise provided in a Participant’s Award Agreement, a Participant’s Vested
Percentage Interest in his (or his applicable) Phantom Stock Account shall be determined by the applicable percentage below determined by reference to the Participant’s Years of Service relating thereto: 

 

				
	 Years of Service after Grant Date
	  	Vested Interest	 
	 1
	  	  33	% 
	 2
	  	  66	% 
	 3 or more
	  	100	% 

 Notwithstanding the foregoing,
a Participant’s Vested Interest in his (or his applicable) Phantom Stock Account shall be (a) 0% if he experiences a Termination for Cause and (b) 100% vested upon (i) his attainment of age 65 prior to a separation of service,
(ii) the Participant experiencing a Pre-Retirement Termination of Employment due to death or Disability, (iii) upon a Change in Control prior to or simultaneously with his Pre-Retirement Termination of Employment, or (iv) upon such
other circumstances as described in the Participant’s Award Agreement. In the event a Participant ceases Continuous Service for any reason, except as otherwise provided herein, the unvested portion of his (or his applicable) Phantom Stock
Account shall be forfeited. 
 10. Regulatory Restrictions. The obligations of the Bank to a Participant under the Plan
are subject to the following restrictions: 
  

	 	(a)	Temporary Suspension or Prohibition. If the Participant is suspended and/or temporarily prohibited from participating in the conduct of the Bank’s affairs
by a notice served under Section 8(e)(3) or (g)(1) of the Federal Deposit Insurance Act (“FDIA”), 12 U.S.C. §1818(e)(3) and (g)(1), the Bank’s obligations to such Participant under the Plan shall be suspended as of the date
of service of such notice, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Bank may in its discretion reinstate in whole or in part any of its obligations which were suspended. 

 

 5 

	 	(b)	Permanent Suspension or Prohibition. If the Participant is removed and/or permanently prohibited from participating in the conduct of the Bank’s affairs by
an order issued under Section 8(e)(4) or (g)(1) of the FDIA, 12 U.S.C. § 1818(e)(4) and (g)(1), all obligations of the Bank to such Participant under the Plan shall terminate as of the effective date of the order, but vested rights of the
contracting parties shall not be affected. 

  

	 	(c)	Default. If the Bank is in default (as defined in Section 3(x)(1) of the FDIA), all obligations of the Bank to Participants and their estates under the Plan
shall terminate as of the date of default, but this provision shall not affect any vested rights of the contracting parties. 

  

	 	(d)	Termination by Regulators. All obligations of the Bank to Participants and their estates under the Plan shall be terminated, except to the extent determined that
continuation of the Plan is necessary for the continued operation of the Bank: (i) by the Director of the Office of Thrift Supervision (the “OTS Director”) or his designee, at the time the Federal Deposit Insurance Corporation enters
into an agreement to provide assistance to or on behalf of the Bank under the authority contained in Section 13(c) of the FDIA; or (ii) by the OTS Director or his designee, at the time the OTS Director or his designee approves a
supervisory merger to resolve problems related to operation of the Bank or when the Bank is determined by the OTS Director to be in an unsafe or unsound condition. Any rights of the parties that have already vested, however, shall not be affected by
any such action. 

  

	 	(e)	Other Regulatory Restrictions on Payment. Notwithstanding anything herein to the contrary, (1) any payments made by the Bank under the Plan shall be subject
to and conditioned upon compliance with 12 USC Section 1828(k) and any regulations promulgated thereunder and (2) payments contemplated to be made by the Bank under the Plan shall not be immediately payable to the extent such payments are
barred or prohibited by an action or order issued by the Office of Thrift Supervision or the Federal Deposit Insurance Corporation. 

11. Payment of Phantom Stock Benefit. Subject to the provisions of Section 10 above and Section 12 below, upon a
Participant’s Award Settlement Date, the Participant shall be entitled to receive from the Bank an amount equal to his (or his applicable) Phantom Stock Benefit determined as of the Final Valuation Date. Payment shall be made in a cash lump
sum. The Phantom Stock Benefit shall not accrue interest or be subject to earnings, losses or other adjustments after the Final Valuation Date. 

12. Limitation on Distribution to Covered Employees. Notwithstanding any other provision of the Plan, in the event that the
Participant is a “covered employee” as defined in Section 162(m)(3) of the Code, or would be a covered employee if the Participant’s (or his applicable) Phantom Stock Benefit was distributed in accordance

  

 6 

 
with the provisions of Section 11, then the maximum amount which may be distributed to the Participant pursuant to Section 11 during a tax year of the Bank shall not exceed One Million
Dollars ($1,000,000) less the amount of compensation paid or to be paid by the Bank and its affiliates to the Participant in such tax year which is not “performance-based” (as defined in Code Section 162(m)(4)(C)). The amount of
compensation which is not “performance-based” shall be reasonably determined by the Bank at the time of the proposed distribution. Any amount which is not distributed to the Participant in a tax year of the Bank as a result of the
limitation set forth in this Section 12 shall be distributed to the Participant as soon as possible after the Bank reasonably anticipates that the deduction of the payment will not be limited by Code Section 162(m). The provisions of this
Section 12 shall not apply if the Compensation Committee of the Board, upon consultation with legal counsel, determines that the restrictions of Code Section 162(m) do not apply to the limit the deductibility of payments made under the
Plan (or otherwise by the Bank and/or its affiliates) to the Participant. The limitation set forth in this Section 12 shall be applied taking into account the requirements of Section 409A. 

13. Assignments and Transfers. No right or interest of any Participant in the Plan will be assignable or transferable or subject
to any lien or encumbrance, whether directly or indirectly, by operation of law or otherwise, including, without limitation, execution, levy, garnishment, attachment, pledge, or bankruptcy except, in the event of the death of a Participant, to his
estate. 
 14. Rights Under the Plan. No Employee or Eligible Director shall have a right to be selected as a
Participant, and no Employee, Eligible Director or other person shall have any claim or right to be granted an Award under the Plan. Neither the Plan nor any action taken hereunder shall be construed as giving any Participant any right to be
retained in the employ or service of the Bank. 
 15. Withholding Tax. The Bank shall have the right to deduct from all
amounts paid under the Plan any taxes required by law to be withheld with respect to such payments. 
 16. Amendment or
Termination. The Bank shall have the right to modify, amend or terminate the Plan by action of the Board. However, no modification, amendment or termination shall adversely affect the then Vested Percentage Interest of any Participant in his (or
his applicable) Phantom Stock Benefit. Notwithstanding the foregoing, the ability of the Bank to amend or terminate the Plan and distribute benefits in accordance with such amendment or termination shall be subject to and limited by
Section 409A. Accordingly, unless Section 409A provides otherwise, the Plan may be terminated only if: (a) all arrangements sponsored by the Bank that are required to be aggregated with this Plan under Section 409A are also
terminated; (b) no payments other than payments that would be payable under the terms of the Plan or an aggregated plan if the termination had not occurred are made within 12 months of the termination of the Plan and the related arrangements;
(c) all payments are made within 24 months of the termination of the Plan and related arrangements; and (d) the Bank does not adopt a new arrangement that would be required to be aggregated with this Plan under Section 409A if the
same Participant participated in both arrangements, within five years of the termination of the Plan. 
  

 7 

 18. Estate as Beneficiary. In the event of the death of a Participant, any benefits
remaining to be paid under the Plan to such Participant shall be paid to the Participant’s estate in the same manner as such payments would have been paid to the Participant. 

19. No Funding. Nothing contained in the Plan and no action taken hereunder will create or be construed to create a trust of any
kind, or a fiduciary relationship between the Bank and any Participant or any other person. Amounts due under the Plan at any time and from time to time will be paid from the general funds of the Bank, whichever is applicable. To the extent that any
person acquires a right to receive payments hereunder, such right shall be that of an unsecured general creditor of the Bank. 

20. Indemnification of Committee. No member of the Committee shall be liable for any act, omission, or determination taken or made
in good faith with respect to the Plan or any Awards made hereunder; and the members of the Committee shall be entitled to indemnification and reimbursement by the Bank in respect of any claim, loss, damage, or expenses (including counsel fees)
arising therefrom to the full extent permitted by law or regulation, and under any directors’ and officers’ liability or similar insurance coverage that may be in effect from time to time. 

21. Binding Effect. The Plan shall inure to the benefit of the Participants hereunder and their respective estates and legal
representatives, and it shall be binding on the successors of the Bank. 
 22. Expenses of the Plan. The expenses of
administering the Plan will be borne by the Bank. 
 23. Governing Law. The Plan will be construed in accordance with and
governed by the laws of the State of Texas, except to the extent that such laws are preempted by Federal law. 
 24.
Terms. Whenever any words are used herein in the masculine, they shall be construed as though they were in the feminine in all cases where they would so apply; and whenever any words are used herein in the singular or in the plural, they
shall be co as though they were used in the plural or the singular, as the case may be, in all cases where they would so apply. 
  

 8 

 The Bank has signed the Plan as of March 29th, 2008. 

 

			
	SHARE PLUS FEDERAL BANK
		
	By:	 	 
	Title: 	 	 

  

 9

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