Document:

EX-10.1

 Exhibit 10.1 

THE J. M. SMUCKER COMPANY 

RESTRICTED STOCK AGREEMENT 

WHEREAS,
                         (the “Grantee”) is an employee of The J. M. Smucker Company, an Ohio corporation (the
“Company”), or one of its Subsidiaries; and 
 WHEREAS, the execution of an agreement in the form hereof (this
“Agreement”) has been authorized by a resolution of the Executive Compensation Committee (the “Committee”) of the Board, pursuant to The J. M. Smucker Company 2010 Equity and Incentive Compensation Plan (the “Plan”), as
of                          (the “Date of Grant”); 

NOW, THEREFORE, the Company hereby grants to the Grantee
                         shares of Restricted Stock (the “Restricted Stock”), effective as of the Date of Grant,
subject to the terms and conditions of the Plan and the following additional terms, conditions, limitations and restrictions. 
 ARTICLE I

 DEFINITIONS 
 All
terms used herein with initial capital letters and not otherwise defined herein that are defined in the Plan will have the meanings assigned to them in the Plan. 

ARTICLE II 
 CERTAIN
TERMS OF THE RESTRICTED STOCK 
 1.        Issuance of Restricted Stock. The Restricted
Stock covered by this Agreement will be issued to the Grantee effective upon the Date of Grant. The Restricted Stock will be registered in the Grantee’s name and will be fully paid and nonassessable. Any certificates or evidence of award will
bear an appropriate legend referring to the restrictions hereinafter set forth. 

2.        Restrictions on Transfer of Shares. The Restricted Stock may not be sold, exchanged,
assigned, transferred, pledged, encumbered or otherwise disposed of by the Grantee, except to the Company, unless the Restricted Stock has become nonforfeitable as provided in Article II, Section 3 hereof; provided, however, that
the Grantee’s rights with respect to such Restricted Stock may be transferred by will or pursuant to the laws of descent and distribution. Any purported transfer or encumbrance in violation of the provisions of this Article II, Section 2
will be void, and the other party to any such purported transaction will not obtain any rights to or interest in such Restricted Stock. The Committee in its sole discretion, when and as permitted by the Plan, may waive the restrictions on
transferability with respect to all or a portion of the Restricted Stock. 

 3.        Vesting of Restricted Stock. 

(a)        Twenty-five percent (25%) of the Restricted Stock covered by this Agreement will
become nonforfeitable on each of the first four (4) anniversaries of the Date of Grant, if the Grantee will have remained in the continuous employ of the Company or a Subsidiary on each such anniversary. 

(b)        Notwithstanding the provisions of Article II, Section 3(a), (i) all of the
forfeitable Restricted Stock covered by this Agreement will immediately become nonforfeitable if (A) the Grantee is age 60 or greater with at least ten years of service with the Company or its Subsidiaries on the Date of Grant or (B) while
the Grantee is employed by the Company or a Subsidiary, the Grantee turns age 60 with at least ten years of service with the Company or its Subsidiaries at any time following the Date of Grant (the applicable date in (A) or (B), the “Age
60 Vesting Date”) and (ii) as of the Age 60 Vesting Date, the restrictions set forth in Article II, Section 2 will lapse with respect to 50% of such Restricted Stock and the restrictions set forth in Article II, Section 2 will
lapse with respect to the remaining 50% of such Restricted Stock as of the earlier of the applicable vesting date set forth in Article II, Section 3(a) or the occurrence of the applicable vesting event set forth in Article II, Section 3(c)
or (d). 
 (c)        Notwithstanding the provisions of Article II, Section 3(a) or (b), all
of the forfeitable Restricted Stock covered by this Agreement will immediately become nonforfeitable or transferable, as applicable, if (i) the Grantee dies or becomes permanently disabled or (ii) there occurs a Change in Control while the
Grantee is employed by the Company or a Subsidiary. 
 (d)        Notwithstanding the provisions of
Article II, Section 3(a) or (b), if the Grantee leaves the employ of the Company or a Subsidiary prior to the applicable vesting date under circumstances determined by the Committee to be for the convenience of the Company, the Committee may,
when and as permitted by the Plan, determine that all or a portion of the forfeitable Restricted Stock covered by this Agreement will become nonforfeitable or transferable, as applicable. 

4.        Forfeiture of Shares. The Restricted Stock will be forfeited, except as otherwise
provided in Article II, Section 3 above, if the Grantee ceases to be employed by the Company or a Subsidiary prior to the applicable vesting date or in the event the Committee determines the Grantee has engaged in Detrimental Activity as such
term is defined in the Plan. In the event of a forfeiture, any certificate(s) representing the Restricted Stock or any evidence of direct registration of the Restricted Stock covered by this Agreement will be cancelled. 

5.        Dividend, Voting and Other Rights. 

(a)        Except as otherwise provided herein, from and after the Date of Grant, the Grantee will
have all of the rights of a shareholder with respect to the Restricted Stock covered by this Agreement, including the right to vote such Restricted Stock and receive any dividends that may be paid thereon; provided, however, that any
additional Common Shares or other securities that the Grantee may become entitled to receive pursuant to a stock dividend, stock split, combination of shares, recapitalization, merger, consolidation, separation, or reorganization or any other change
in the capital structure of the Company will be subject to the same restrictions as the Restricted Stock covered by this Agreement. 

 (b)        Cash dividends on the Restricted Stock
covered by this Agreement will be paid to the Grantee pursuant to the Company’s then-current articles of incorporation and reported on the Grantee’s annual wage and tax statement (Form W-2) as compensation. 

6.        Retention of Restricted Stock in Book Entry Form. The Restricted Stock will be held
at the Company’s transfer agent in book entry form with appropriate restrictions relating to the transfer of such Restricted Stock until all restrictions thereon will have lapsed. 

ARTICLE III 
 GENERAL
PROVISIONS 
 7.        Compliance with Law. The Company will make reasonable efforts to
comply with all applicable federal and state securities laws; provided, however, notwithstanding any other provision of this Agreement, the Company will not be obligated to issue any Common Shares pursuant to this Agreement if the
issuance thereof would result in a violation of any such law. 
 8.        Withholding Taxes.
To the extent that the Company or any Subsidiary is required to withhold federal, state, local or foreign taxes in connection with the Restricted Stock or any delivery of Common Shares pursuant to this Agreement, and the amounts available to the
Company or such Subsidiary for such withholding are insufficient, it will be a condition to the receipt of Restricted Stock or such delivery that the Grantee make arrangements satisfactory to the Company for payment of the balance of such taxes
required to be withheld. The Grantee hereby elects to satisfy this withholding obligation by having withheld, from the Common Shares otherwise deliverable to the Grantee, Common Shares having a value equal to the amount required to be withheld
(except where the Grantee has made an election under Section 83(b) of the Code with respect to the Common Shares subject to delivery). The Common Shares so retained will be credited against such withholding requirement at the Market Value per
Share on the date of such retention. In no event, however, will the Company withhold Common Shares for payment of taxes in excess of the minimum amount of taxes required to be withheld. 

9.        [Continuous Employment. For purposes of this Agreement, the continuous employment of
the Grantee with the Company or a Subsidiary will not be deemed to have been interrupted, and the Grantee will not be deemed to have ceased to be an employee of the Company or Subsidiary, by reason of the (a) transfer of his or her employment
among the Company and its Subsidiaries or (b) a leave of absence approved by a duly constituted officer of the Company or a Subsidiary.]1 

10.        Right to Terminate Employment. No provision of this Agreement will limit in any way
whatsoever any right that the Company or a Subsidiary may otherwise have to terminate the employment of the Grantee at any time. Nothing herein will be deemed to create a contract or a right to employment with respect to the Grantee. 

 
  

	1 	For Mr. West only, use the following for Section 9: [For purposes of this Agreement, the continuous employment of the Grantee with the Company or a Subsidiary will not be deemed to have been interrupted, and
the Grantee will not be deemed to have ceased to be an employee of the Company or Subsidiary, by reason of the (a) transfer of his employment among the Company and its Subsidiaries, (b) a leave of absence approved by a duly constituted
officer of the Company or a Subsidiary, or (c) only during the first year following the Date of Grant, the Grantee ceasing to work as an employee of the Company but continuing to provide service to the Company as a member of the Board.]

 11.        Relation to Other Benefits. Any
economic or other benefit to the Grantee under this Agreement or the Plan will not be taken into account in determining any benefits to which the Grantee may be entitled under any profit-sharing, retirement, or other benefit or compensation plan
maintained by the Company or a Subsidiary and will not affect the amount of any life insurance coverage available to any beneficiary under any life insurance plan covering employees of the Company or a Subsidiary. 

12.        Amendments. Any amendment to the Plan will be deemed to be an amendment to this
Agreement to the extent that the amendment is applicable hereto; provided, however, that no amendment will impair the rights of the Grantee under this Agreement without the Grantee’s consent; further provided,
however, that the Grantee’s consent will not be required to an amendment that is deemed necessary by the Company to ensure compliance with (or exemption from) Section 409A of the Code or the Dodd-Frank Wall Street Reform and
Consumer Protection Act or any regulations promulgated thereunder. 

13.        Severability. In the event that one or more of the provisions of this Agreement will
be invalidated for any reason by a court of competent jurisdiction, any provision so invalidated will be deemed to be separable from the other provisions hereof, and the remaining provisions hereof will continue to be valid and fully enforceable.

 14.        Relation to Plan. This Agreement is subject to the terms and conditions of the
Plan. In the event of any inconsistency between the provisions of this Agreement and the Plan, the Plan will govern. The Committee acting pursuant to the Plan, as constituted from time to time, will, except as expressly provided otherwise herein,
have the right to determine any questions which arise in connection with the grant of the Restricted Stock. 

15.        Nature of Grant. The Grantee agrees that: (a) the Plan is established
voluntarily by the Company, it is discretionary in nature, and it may be modified, amended, suspended, or terminated by the Company at any time; (b) the grant of Restricted Stock is voluntary and occasional and does not create any contractual
or other right to receive future grants of Restricted Stock, or benefits in substitution of Restricted Stock, even if Restricted Stock have been granted repeatedly in the past; (c) all decisions with respect to future Restricted Stock grants
will be at the sole discretion of the Company; (d) participation in the Plan is voluntary; (e) the Restricted Stock are not a part of normal or expected pay package for any purposes; (f) if he or she is a Covered Employee, within the
meaning of the Company’s Clawback of Incentive Compensation Policy (the “Policy”), he or she acknowledges and accepts the terms and conditions of the Policy as in effect on the Date of Grant; and (g) in consideration of the grant
of Restricted Stock, no claim or entitlement to compensation or damages will be created by any forfeiture or other termination of the Restricted Stock or diminution in value of the Restricted Stock, and the Grantee releases the Company and its
Subsidiaries from any such claim that may arise. If any such claim is found by a court of competent jurisdiction to have been created, then, by signing this Agreement, the Grantee will be deemed irrevocably to have waived the Grantee’s
entitlement to pursue such claim. 
 16.        Electronic Delivery. The Company may, in its
sole discretion, deliver any documents related to the Restricted Stock and the Grantee’s participation in the Plan, or future awards that may be granted under the Plan, by electronic means or to request the Grantee’s consent to participate
in the Plan by electronic means. The Grantee consents to receive such documents by electronic delivery and, if requested, agrees to participate in the Plan through an on-line or electronic system established and maintained by the Company or another
third party designated by the Company. 

 17.        Governing Law. This Agreement is made
under, and will be governed by and construed in accordance with the internal substantive laws of the State of Ohio. 
 This Agreement is
executed by the Company as of                         . 

 

			
	THE J. M. SMUCKER COMPANY
	
	 
	By: Jeannette L. Knudsen
	Title: Vice President, General Counsel and Corporate Secretary

 The undersigned hereby acknowledges receipt of an executed original of this Agreement, together with a
copy of the prospectus for the Plan, dated November 17, 2010, summarizing key provisions of the Plan, and accepts the award of Restricted Stock granted hereunder on the terms and conditions set forth herein and in the Plan. 

 

									
	Date:	 	 	 		 	 
					
		 		 		 	Grantee:Exhibit 10.1

 

ASSIGNMENT AND ASSUMPTION AGREEMENT

 

THIS ASSIGNMENT
AND ASSUMPTION AGREEMENT (the “Assignment”) is made and entered into by and between smartfinancial,
inc., a Tennessee corporation (“Assignor”), and
cornerstone bancshares, inc., a Tennessee corporation (“Assignee”). This Assignment shall be deemed entered
into and effective at such time, if any, as the Merger (as defined below) becomes effective (the “Effective Time”).

 

RECITALS:

 

A.           The
United States Department of the Treasury (“Treasury”) and Assignor entered into that certain Small Business Lending
Fund Securities Purchase Agreement No. 0493, dated August 4, 2011 (the “SBLF Securities Purchase Agreement”), pursuant
to which Assignor issued to Treasury 12,000 shares of Non-Cumulative Perpetual Preferred Stock, Series A, with a liquidation preference
of $1,000 per share (the “SmartFinancial SBLF Stock”).

 

B.           Assignor
and Assignee are parties to that certain Agreement and Plan of Merger dated as of December 5, 2014, by and among Assignor, Assignee,
Cornerstone Community Bank, a Tennessee-chartered commercial bank and wholly-owned subsidiary of Assignee, and SmartBank, a Tennessee-charted
commercial bank and wholly-owned subsidiary of Assignor (the “Merger Agreement”), pursuant to which, subject to approval
by Assignor’s and Assignee’s shareholders and federal and state bank regulatory authorities, Assignor will merge with
and into Assignee, with the surviving corporation to operate under the name “SmartFinancial, Inc.” and to have its
headquarters in Knoxville, Tennessee (the “Merger”).

 

C.           Pursuant
to the Merger Agreement, the SmartFinancial SBLF Stock will be exchanged for Non-Cumulative Perpetual Preferred Stock, Series B,
with a liquidation preference of $1,000 per share and rights, preferences, privileges, and voting powers equivalent to the SmartFinancial
SBLF Stock, to be issued by Assignee (the “Cornerstone SBLF Stock”).

 

D.           Pursuant
to the Merger Agreement and in connection with the exchange of the SmartFinancial SBLF Stock for Cornerstone SBLF Stock, Assignee
has agreed to assume and perform all obligations of Assignor under the SBLF Securities Purchase Agreement.

 

AGREEMENT:

 

NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereby agree as follows:

 

1.          ASSIGNMENT.
Effective as of the Effective Time, Assignor hereby assigns, conveys, transfers, and sets over unto Assignee all of Assignor’s
right, title, and interest in, under and to the SBLF Securities Purchase Agreement, together with all rights, privileges, and claims
relating to the SBLF Securities Purchase Agreement.

 

2.          ASSUMPTION.
Effective as of the Effective Time, Assignee hereby accepts the assignment of the SBLF Securities Purchase Agreement from Assignor
and hereby assumes all of Assignor’s duties and obligations under the SBLF Securities Purchase Agreement.

 

3.          EFFECTIVENESS
OF MERGER. In the event that the Merger does not become effective, then this Assignment shall be null and void
and of no further force and effect.

 

     

     

    

 

4.          FURTHER
ASSURANCES. Each of Assignor and Assignee agrees to execute such other documents and take such other actions as may
be reasonably necessary or desirable to confirm or effectuate the assignment and assumption contemplated hereby.

 

5.          BINDING
EFFECT. This Assignment and the covenants and agreements herein contained shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns.

 

6.          RATIFICATION.         Assignor
and Assignee ratify all other provisions of the SBLF Securities Purchase Agreement, except as set forth on Exhibit A to
this Assignment, which sets forth an updated disclosure schedule to the SBLF Securities Purchase Agreement prepared by Assignee
as of the Effective Time as if Assignee were a party to the SBLF Securities Purchase Agreement, which such updated disclosure schedule
shall replace and supersede the prior disclosure schedules contained in the SBLF Securities Purchase Agreement.

 

7.          NO
MODIFICATION OF MERGER AGREEMENT. This Assignment is delivered pursuant to the Merger Agreement and, as between Assignor
and Assignee, is subject in all respects to the provisions thereof and is not meant to alter, enlarge or otherwise modify the provisions
of the Merger Agreement.

 

8.          MODIFICATION.
This Assignment may be modified or supplemented only by written agreement of the parties hereto.

 

9.          COUNTERPARTS.
This Assignment may be executed in one or more counterparts, each of which shall be deemed to be an original and all of which taken
together shall constitute one and the same instrument.

 

10.        GOVERNING
LAW. This Assignment and any claim, controversy or dispute arising under or relating to this Assignment, the relationship of
the parties, and/or the interpretation and enforcement of the rights and duties of the parties shall be enforced, governed, and
construed in all respects (whether in contract or in tort) in accordance with the federal law of the United States if and to the
extent such law is applicable, and otherwise in accordance with the laws of the State of New York applicable to contracts made
and to be performed entirely within such State.

 

[SIGNATURE PAGE FOLLOWS]

 

    2 

     

    

 

IN WITNESS WHEREOF,
the parties have executed this Assignment as of the Effective Time set forth above.

 

	 	ASSIGNOR:
	 	 
	 	SMARTFINANCIAL, INC.
	 	 
	 	By:	/s/ William Y. Carroll, Jr.
	 	Name:  William Y. Carroll, Jr.
	 	Title:    President & CEO
	 	 
	 	ASSIGNEE:
	 	 
	 	CORNERSTONE BANCSHARES, INC.
	 	 
	 	By:	/s/ Nathaniel F. Hughes
	 	Name: Nathaniel F. Hughes
	 	Title:   President & CEO
	 	 
	 	ACKNOWLEDGED AND ACCEPTED:
	 	 
	 	THE SECRETARY OF THE TREASURY
	 	 
	 	By:	/s/ Jessica Milano
	 	Name:  Jessica Milano
	 	Title:    Deputy Assistant Directory

 

[Signature Page to Assignment and Assumption
Agreement]

 

     

     

    

 

EXHIBIT A

 

DISCLOSURE SCHEDULES

 

ANNEX D

DISCLOSURE SCHEDULE

 

	 

	Part 2.2	CAPITALIZATION

 

	Capital stock reserved for issuance in connection with securities or obligations giving the holder thereof the right to acquire such capital:	 	1,194,085
	 	 	 
	Shares issued since the Capitalization Date upon exercise of options or pursuant to equity-based awards, warrants or convertible securities:	 	0
	 	 	 
	All other shares issued since the Capitalization Date:	 	In order to provide the surviving corporation with sufficient capital, the parties have agreed to raise up to $15 million in capital through an offering of Cornerstone Bancshares, Inc. common stock for, which such offering is expected to close in July 2015.
	 	 	 
	
        Holders of 5% or more of any class of capital

        stock:
	 	Primary Address
	 	 	 
	The Banc Funds Company, LLC	 	
        20 North Wacker Drive

        Suite 3300

        Chicago, IL 60606

	 	 	 
	If the Company is a Bank Holding Company or Savings and Loan Holding Company, complete the following (leave blank otherwise):
	 	 	 
	Name of IDI Subsidiary	 	
        Percentage of IDI Subsidiary’s capital
        stock

        owned by the Company

	 	 	 
	Cornerstone Community Bank	 	100%

 

     

     

    

 

	Part 2.13	Compliance with Laws

 

List
any exceptions to the representation and warranty in the second sentence of Section 2.13 of the General Terms and Conditions. If
none, please so indicate by checking the box: x

 

List any exceptions to the representation
and warranty in the last sentence of Section 2.13 of the General Terms and Conditions. If none, please so indicate by checking
the box: x

 

     

     

    

 

	Part 2.19	Regulatory Agreements

 

List
any exceptions to the representation and warranty in Section 2.19 of the General Terms and Conditions. If none, please so indicate
by checking the box:  ̈

 

1.          Board
Resolution of Bancshares dated June 21, 2010 relating to remedial actions to be taken in connection with (i) Stipulation to the
Issuance of a Consent Order between the FDIC and Cornerstone Community Bank dated April 2, 2010 (the “Consent Order”)
and (ii) Agreement between TDFI and Cornerstone Community Bank dated April 5, 2010 (the “TDFI Agreement”).

 

2.          The
Consent Order. The Consent Order was lifted on August 17, 2012.

 

3.          The
TDFI Agreement. The TDFI Agreement was terminated on August 17, 2012.

 

4.          Memorandum
of Understanding dated August 7, 2012 between the FDIC, the TDFI and the Board of Directors of Cornerstone Community Bank.

 

     

     

    

 

	Part 2.25	Related Party Transactions

 

List
any exceptions to the representation and warranty in Section 2.25 of the General Terms and Conditions. If none, please so indicate
by checking the box: x

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