Document:

MORN_Exhibit_10.2_9.30.2011

Exhibit 10.2

MORNINGSTAR, INC.
2011 STOCK INCENTIVE PLAN
DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT

THIS DIRECTOR RESTRICTED STOCK UNIT AWARD AGREEMENT (including Schedule 1 hereto, the “Award Agreement”) is made under the Morningstar, Inc. 2011 Stock Incentive Plan (the “Plan”) as of the Grant Date specified in Schedule 1 to this Award Agreement (“Schedule 1”).  Any term capitalized but not defined in this Award Agreement will have the meaning set forth in the Plan.  
BETWEEN:
		
	(1)
	MORNINGSTAR, INC., an Illinois corporation (the “Company”); and

		
	(2)
	The Participant identified in Schedule 1.

1    GRANT OF RESTRICTED STOCK UNITs
		
	1.
	In accordance with the terms of the Plan and subject to the terms and conditions of this Award Agreement, the Company hereby grants to the Participant the number of Restricted Stock Units specified in Schedule 1. 

		
	2.
	Each Restricted Stock Unit is a notional amount that represents one unvested share of common stock, no par value, of the Company (a “Share”).  Each Restricted Stock Unit constitutes the right, subject to the terms and conditions of the Plan and this Award Agreement, to distribution of a Share if and when the Restricted Stock Unit vests. 

		
	3.
	This Award Agreement is subject to the provisions of the Plan and shall be interpreted in accordance therewith.  The Participant hereby agrees to be bound by the terms of this Award Agreement and the Plan.  

		
	4.
	Further details of the Restricted Stock Units granted to the Participant under the terms of this Award Agreement are set forth in Schedule 1.

		
	1
	Rights as a Shareholder

		
	1.
	Unless and until a Restricted Stock Unit has vested and the Share underlying it has been distributed to the Participant, the Participant will not be entitled to vote that Share.

		
	2.
	If the Company declares a cash dividend on the Shares, then, on the payment date of the dividend, 

the Participant will be credited with dividend equivalents equal to the amount of cash dividend per Share multiplied by the number of Restricted Stock Units credited to the Participant through the record date for the dividend.  The dividend equivalents credited to the Participant under the preceding sentence will be deemed to be reinvested in additional Restricted Stock Units and credited to the Participant's Restricted Stock Unit account.  The Restricted Stock Units credited as a result of such dividend equivalents will be subject to the same terms regarding vesting and forfeiture as the Participant's Restricted Stock Units awarded hereunder, and, subject to the following sentence, will be distributed in Shares at the same time and in the same proportion that the Shares associated with the Participant's Restricted Stock Units are delivered (or forfeited at the time that the Participant's Restricted Stock Units are forfeited).  Fractional Shares may be settled in cash or otherwise, including by rounding up or down to the nearest whole number, as the Committee determines.
		
	2
	termination of service and OTHER ChANGES IN SERVICE STATUS

		
	1.
	If the Participant's Service (as defined in Section 3.3) terminates for any reason other than Disability, death, or by virtue of the Company's 12 year term limit for non-employee directors, the Participant will forfeit the right to receive Shares underlying any Restricted Stock Units that have not vested at that time.  Notwithstanding anything in the Plan to the contrary, for purposes of this Award Agreement, “Disability” shall mean the condition of being “disabled” as provided in Code Section 409A(a)(2)(C).

		
	2.
	If the Participant's Service terminates on account of the Disability or death of the Participant or by virtue of the Company's 12 year term limit for non-employee directors, the Shares underlying all of the Restricted Stock Units awarded hereunder shall become immediately vested and be distributed to the Participant or the Participant's beneficiary under the Plan as soon as practicable in accordance with Section 4.1 of this Award Agreement.

		
	3.
	For purposes of this Award Agreement “Service” means the provision of services to the Company or its Affiliates in the capacity of an employee or a member of the Board but not as a consultant to the Company or an Affiliate.   For purposes of this Award Agreement, "Affiliate” means an entity that is (directly or indirectly) controlled by, or controls, the Company.

		
	3
	Timing and Form of Payment

		
	1.
	Once a Restricted Stock Unit vests, the Participant will be entitled to receive a Share in its place.  Delivery of the Share will be made as soon as administratively feasible after its associated Restricted Stock Unit vests, but no later than 21⁄2 months from the end of the calendar year in which such vesting occurs. 

		
	4
	WITHHOLDING obligations

		
	1.
	Without limiting the Company's power or rights pursuant to Section 5.5 of the Plan with respect to 

a member of the Board who also serves as an employee of the Company, amounts required by tax law or regulation to be withheld by the Company with respect to any taxable event arising under this Award Agreement will be satisfied by having Shares withheld in accordance with Section 5.5 of the Plan.  In addition, a Participant subject to withholding obligations may elect to deliver to the Company the necessary funds to satisfy the withholding obligation, in which case there will be no reduction in the Shares otherwise distributable to the Participant.
		
	5
	NOTICES

		
	1.
	Any notice or other communication required or permitted under this Award Agreement must be in writing and must be delivered personally, sent by certified, registered or express mail, or sent by overnight courier, at the sender's expense.  Notice will be deemed given when delivered personally or, if mailed, three days after the date of deposit or, if sent by overnight courier, on the regular business day following the date sent.  Notice to the Company should be sent to Morningstar, Inc., 22 West Washington Street, Chicago, Illinois, 60602, Attention: General Counsel.  Notice to the Participant should be sent to the address of the Participant contained in the Company's records.  Either party may change the person and/or address to whom the other party must give notice by giving such other party written notice of such change, in accordance with the procedures described above.

		
	6
	CONSTRUCTION

		
	1.
	The Restricted Stock Units granted hereunder are subject to any rules and regulations promulgated by the Committee pursuant to the Plan, now or hereafter in effect.

		
	2.
	The Company and the Participant may amend this Award Agreement only by a written instrument signed by both parties, provided, that the Company may amend this Award Agreement without further action by the Participant if (i) such amendment is deemed by the Company to be advisable or necessary to comply with applicable law, rule, or, regulation, including Section 409A of the Code, or (ii) if such amendment is not to the detriment of the Participant.

		
	3.
	The parties may execute this Award Agreement in one or more counterparts, all of which together shall constitute but one Award Agreement.

IN WITNESS whereof the parties have executed this Restricted Stock Unit Award Agreement as of the Grant Date specified in Schedule 1.

Participant

_____________________                    
(Participant's signature)                    
_____________________
(Print name)

Morningstar, Inc. 
By:___________________
Its:___________________

Please return by:  «Date»
SCHEDULE 1
DETAILS OF RESTRICTED STOCK UNIT GRANTED TO THE PARTICIPANT
	
			
	Participant's name:
	«First» «Name»

	Grant Date:
	«Grant_date»

	Number of Restricted Stock Units:
	«Total_RSU_Grant»

	Vesting of Restricted Stock Units:
	Subject to, and except as otherwise provided by, the Award Agreement, including Section 3.2 thereof, the Restricted Stock Units subject to the Award Agreement vest in installments, with each installment becoming vested on the “Vesting Date” shown below, if the Participant has remained in continuous Service until that Vesting Date. Notwithstanding the foregoing, the Board or the Committee may cause the Restricted Stock Units granted hereby to vest at an earlier date pursuant to its authority under the Plan.

	Number of Restricted Stock Units
	Vesting Date

	«Year1Vest»
	«VestDateY1»

	«Year2Vest»
	«VestDateY2»

	«Year3Vest»
	«VestDateY3»EX-10.1

Benefit Equalization Plan

Effective November 1, 2011

Policy Information

	 	 	 
	Document Title:

	 	Benefit Equalization Plan
	Content Owner:

	 	Human Resources and Administration
	Certification of Compliance Contact:

	 	N/A
	Policy Category:

	 	FHLBank Policy
	FHLBank-Level Approver:

	 	Policy Oversight Group
	Board-Level Approver:

	 	Board of Directors (Compensation)
	Review Frequency:

	 	As Needed
	Initial Effective Date:

	 	03/23/2006
	Last Review Date:

	 	10/27/2011
	Next Review Date:

	 	As Needed

1

This Plan amends the Bank’s Benefit Equalization Plan, which was previously amended and
restated in its entirety effective March 23, 2006 and again restated effective December 31, 2008.
The Bank’s prior Benefit Equalization Plan was effective January 1, 1987 (“1987 Plan”). Any
employee that was a member of the 1987 Plan and that is or becomes a Member under this Plan shall
not be entitled to receive any benefits under the 1987 Plan, but shall be entitled to receive
benefits solely under this Plan. Any employee that was a member of the 1987 Plan and is not, nor
becomes, a Member of this Plan shall only be entitled to receive benefits under the 1987 Plan and
shall only be entitled to benefits accrued through December 31, 1994 (i.e., based solely on years
of employment and compensation paid prior to December 31, 1994). Except as herein provided, the
1987 Plan was terminated and replaced with this Plan effective March 23, 2006. This is an unfunded
Plan that is primarily intended to provide deferred compensation for a select group of management
or highly compensated employees, and is intended to comply with all applicable law, including IRC
Section 409A.

Article 1. Definitions

When used in the Plan, the following terms shall have the following meanings:

1.01 “Account” means the account established and maintained hereunder to record the
contributions deemed to be made by the Member and the Bank, as well as the increase in value
attributable to the earnings thereon, all as described hereafter.

1.02 “Actuary” means the independent consulting actuary retained by the Bank to assist the
Committee in its administration of the Plan.

1.03 “Adoption Date” means the date of the adoption of the Plan by the Board of Directors.

1.04 “Bank” means the Federal Home Loan Bank of Topeka.

1.05 “Base Salary” means the annual cash compensation relating to services performed during
any calendar year, excluding distributions from nonqualified deferred compensation plans, bonuses,
commissions, overtime, fringe benefits, relocation expenses, incentive payments, non-monetary
awards, and automobile and other allowances paid to a Member for employment services rendered
(whether or not such allowances are included in the Member’s gross income). Base Salary shall be
calculated before reduction for compensation voluntarily deferred or contributed by the Member
pursuant to all qualified or nonqualified plans of the Bank and shall be calculated to include
amounts not otherwise included in the Member’s gross income under IRC Sections 125, 132, 402(e)(3),
402(h), or 403(b) pursuant to plans or arrangements established by the Bank; provided, however,
that all such amounts will be included in compensation only to the extent that had there been no
such plan, the amount would have been payable in cash to the Member. Notwithstanding anything in
this Plan to the contrary, “Base Salary” shall not include any amount paid pursuant to a disability
plan or pursuant to a disability insurance policy.

1.06 “Beneficiary” means the beneficiary or beneficiaries designated in accordance with
Article 6 of the Plan to receive the benefit, if any, payable upon the death of a Member of the
Plan.

	 	 	 
	1.07

1.08

1.09
	 	“Board of Directors” means the Board of Directors of the Bank.

“Change of Control” has the meaning set forth in IRC Section 409A.

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

1.10 “Deferral Agreement” means the agreement under which a Member elects to defer
compensation under the Plan in accordance with the provisions of Section 4.04.

1.11 “Disability” or “Disabled” means the Member meets one of the following requirements:

(a) The Member 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 twelve (12) months.

(b) The Member 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 twelve (12) months, receiving income replacement for a
period of not less than three (3) months under an accident and health plan covering
employees of the Bank.

Member will be deemed Disabled under this Section 1.11 if determined to be disabled by the Social
Security Administration. Furthermore, Member will be deemed Disabled under this Section 1.11 if
determined to be disabled in accordance with a disability insurance program, provided that the
definition under such program complies with Subsection 1.11 (a) or (b), or IRC Section 409A, as
applicable.

1.12 “Distribution Event” means the date the Member retires on or after the Member attains
Retirement Age, the Member’s death, Disability, other termination of employment with the Bank, or
Change of Control of the Bank.

1.13 “Effective Date” means January 1, 1995.

1.14 “Retirement Age” means age 62.

1.15 “Retirement Fund” means the Comprehensive Retirement Program of the Financial
Institutions Retirement Fund, a qualified and tax exempt defined benefit pension plan and trust
under Sections 401(a) and 501(a) of the IRC, as adopted by the Bank.

1.16 “Incentive Compensation” means bonuses and other incentive compensation payments payable
to a Member under any incentive compensation plans adopted by the Bank from time to time.

1.17 “IRC” means the Internal Revenue Code of 1986, and any applicable Treasury Regulations
promulgated thereunder, as amended from time to time, or any successor thereto.

1.18 “IRC Limitations” means the cap on compensation taken into account by a plan under IRC
Section 401(a)(17), the limitations on 401(k) contributions necessary to meet the average deferral
percentage (“ADP”) test under IRC Section 5401(k)(3)(A)(ii), the limitations on employee and
matching contributions necessary to meet the average contribution percentage (“ACP”) test under IRC
Section 401(m), the dollar limitations on elective deferrals under IRC Section 402(g) and the
overall limitations on contributions and benefits imposed on qualified plans by IRC Section 415, as
such provisions may be amended from time to time, and any similar successor provisions of federal
tax law.

1.19 “Member” means any person included in the membership of the Plan as provided in Article
2.

1.20 “Plan” means the Federal Home Loan Bank of Topeka Benefit Equalization Plan, as set forth
herein and amended from time to time.

1.21 “Thrift Plan” means the Financial Institutions Thrift Plan, a qualified and tax exempt
defined contribution plan and trust under Sections 401(a) and 501(a) of the IRC, as adopted by the
Bank.

Article 2. Membership

2.01 Members of the Plan. Each of the following employees of the Bank is hereby made
a member of the Plan: Sonia R. Betsworth, Denise L. Cauthon, Patrick C. Doran, David S. Fisher,
Dan J. Hess, Andrew J. Jetter, Thomas E. Millburn, Wil W. Osborn and Mark E. Yardley.

2.02 Addition or Termination of Members. The Board of Directors may add additional
employees as Members to the Plan and may, subject to Article 8, terminate the participation in the
Plan of any employee.

2.03 Events Upon Which Benefits Payable. A benefit shall be payable under the Plan to
or on account of a Member only upon the occurrence of a Member’s Distribution Event, except as
provided in Section 4.10 or Article 8. If the Bank authorizes a Member to take a paid or an unpaid
leave of absence from employment, and such leave of absence does not constitute a termination of
employment in accordance with this Plan and IRC Section 409A, the Member shall continue to be
considered eligible for the benefits provided in Articles 3 and 4, in accordance with the
provisions of those Articles. In the event that Member’s leave of absence from the Bank
constitutes a termination of employment in accordance with this Plan and IRC Section 409A, the
Member’s Account balance shall be distributed to the Member in accordance with this Plan.

2.04 Top Hat Plan Exemption. This Plan is intended to be a “top hat plan,” with a
primary purpose to provide deferred compensation for a select group of management or highly
compensated employees. No employee may be a Member of the Plan unless the employee is an officer
of the Bank having an annual compensation greater than 50 percent of the amount in effect under IRC
Section 415(b)(1)(A) for any such plan year or is a highly compensated employee as defined in IRC
Section 414(q).

Article 3. Amount and Payment of Pension Benefits

3.01 Annual Pension Benefit Payable. For Plan years prior to 2009, the amount, if
any, of the annual pension benefit payable to or on account of a Member pursuant to the Plan shall
equal the excess of (a) over (b), as determined by the Committee, where:

(a) is the annual pension benefit (as calculated by the Retirement Fund on the basis of
the form of payment elected by the Member) that would otherwise be payable to or on account
of the Member by the Retirement Fund if its provisions were administered

(i) without regard to the IRC Limitations,

(ii) with the inclusion in the definition of “Salary” for the year deferred of
any amount deferred by a Member under Section 4.01 and 4.02 of this Plan, and

(b) is the annual pension benefit (as calculated by the Retirement Fund on the basis of
the form of payment elected by the Member) that is payable to or on account of the Member by
the Retirement Fund.

For purposes of this Section 3.01 “annual pension benefit” includes any “Active Service Death
Benefit,” “Retirement Adjustment Payment,” “Annual Increment” and “Single Purchase Fixed Percentage
Adjustment” which the Bank elected to provide its employees under the Retirement Fund.

For Plan years on or after January 1, 2009, the amount, if any, of the annual pension benefit
payable to or on account of a Member pursuant to the Plan shall equal:

(a) the annual pension benefit (as calculated by the Retirement Fund on the basis of
the form of payment elected by the Member) that would otherwise be payable to or on account
of the Member by the Retirement Fund if its provisions were administered:

(i) without regard to the IRC Limitations; and

(ii) with the inclusion in the definition of Base Salary for the year deferred
of any amount deferred by a Member under Section 4.01 and 4.02 of this Plan, and

(b) offset by the annual pension benefit (as calculated by the Retirement Fund on the
basis of the form of payment elected by the Member) that is payable to or on account of the
Member by the Retirement Fund, up to the applicable limitation of IRC Section 402(g).

3.02 Regular Form of Payment. Unless the Member elects an optional form of payment
under the Plan pursuant to Section 3.03 below, the annual pension benefit, if any, payable to or on
account of a Member under Section 3.01 above, shall be converted by the actuary and shall be
payable to or on account of the Member in the “Regular Form” of payment, utilizing for that purpose
the same actuarial factors and assumptions then used by the Retirement Fund to determine actuarial
equivalence. For purposes of the Plan, the “Regular Form” of payment means a lump sum paid 90 days
after the Member’s Distribution Event.

3.03 Optional Form of Payment.

(a) A Member may elect in writing to have the Regular Form of benefit, if any, payable
to or on account of a Member under Section 3.02 above, converted by the actuary to any
optional form of payment permitted under the Retirement Fund. The actuary shall utilize for
the purpose of that conversion the same actuarial factors and assumptions then used by the
Retirement Fund to determine actuarial equivalence. An election to receive an optional form
of benefit must be made at least twelve (12) months before the originally scheduled
Distribution Event, and shall not commence sooner than a date that is at least five (5)
years after the originally scheduled Distribution Event.

(b) If a Member who had elected an optional form of payment under this Section 3.03
dies after the date the Member’s benefit payments under the Plan have commenced, the only
death benefit, if any, payable under the Plan in respect of said Member shall be the amount,
if any, payable under the optional form of payment which the Member had elected under the
Plan. If a Member who had elected an optional form of payment under this Section 3.03 dies
before the date the Member’s benefit payments under the Plan commence, the Member’s election
of an optional form of benefit shall be inoperative.

(c) An election of an optional form of payment under this Section 3.03 may be made only
on the form prescribed by the Committee and filed by the Member with the Committee at least
twelve (12) months before the originally scheduled Distribution Event, and shall not
commence sooner than a date that is at least five (5) years after the originally scheduled
Distribution Event.

3.04 Death Benefit. Upon the death of a Member who had not elected an optional form
of payment under Section 3.03 above, a death benefit shall be paid to the Beneficiary in a lump sum
equal to the excess, if any, of (a) over (b), where:

(a) is the sum of the benefit payments that would otherwise be payable to or on account
of the Member under this Plan; and and

(b) is the sum of the benefit payments, if any, which the Member had received under the
Plan.

3.05 Death Prior to Commencement of Payments. If a Member to whom an annual pension
benefit is payable under the Plan dies before commencement of the payment of the Member’s benefit,
the death benefit payable under Section 3.04 shall be payable to the Beneficiary as if the payment
of the Member’s benefit had commenced on the first day of the month in which the Member’s death
occurred.

3.06 Automatic Distribution of Account Balances Less Than IRC Section 402(g)
Limitation. Notwithstanding any other provision of this Plan, in the event that a Member has
experienced a Distribution Event described in Section 2.03 and has not directed otherwise as part
of a prior election, and if the Member’s Account balance is less than the allowable limit under IRC
Section 402(g) for that year, the Member’s entire benefit shall automatically be paid in the form
of a lump sum payment, which shall commence 90 days after the Distribution Event. Notwithstanding
the preceding sentence, if it is administratively impracticable to make the payment by the required
payment date, and such impracticability is unforeseeable, then such payment shall be made as soon
as administratively practicable. The amount of the lump sum payment shall be the equivalent
actuarial value of the benefit otherwise due the Member using the same actuarial factors and
assumptions then used by the Retirement Fund to determine actuarial equivalence.

3.07 Payment of Benefits. All benefits under the Plan shall commence 90 days after
the Member’s Distribution Event. Notwithstanding the preceding sentence, if it is administratively
impracticable to make the payment by the required payment date, and such impracticability is
unforeseeable, then such payment shall be made as soon as administratively practicable.

Article 4. Amount and Payment of Thrift Benefits

4.01 Thrift Contributions. During each calendar year after 1994 and before January 1,
2009, if the Member’s 401(k) account contributions under the Thrift Plan for such year have reached
the maximum permitted by the IRC Limitations as determined by the Committee, and if the Member has
elected to reduce the Member’s compensation for such calendar year in accordance with the
provisions of Section 4.04, then such Member shall be credited with an elective contribution
addition under this Plan equal to the reduction in the Member’s compensation made in accordance
with such election; provided, however, that the sum of all such elective contribution additions for
a Member with respect to any single calendar year shall not be greater than the excess of (a) over
(b), where

(a) is an amount equal to the maximum 401(k) account contribution permitted under the
Thrift Plan for the calendar year as determined under the Thrift Plan if its provisions were
administered without regard to the IRC Limitations and if compensation as defined in the
Thrift Plan included any deferrals made under this Section 4.01 or Section 4.02; and

(b) is an amount equal to his/her regular account and 401(k) account contributions,
including contributions made from Incentive Compensation otherwise payable during such year,
actually made under the Thrift Plan for the calendar year.

If the reduction in a Member’s compensation under such election is determined to exceed the maximum
allowable elective contribution additions for such year, the excess and any related earnings
credited under Section 4.06 shall be paid to such Member within the first two and one half months
of the succeeding calendar year.

For each calendar year on or after January 1, 2009, each Member may make Deferral Elections to
defer a percentage of the Member’s annual Base Salary and annual Incentive Contributions,
regardless of IRC Limitations, in accordance with Sections 4.04 and 4.05 below and subject to any
maximum annual limit of deferral that may be determined by the Board prior to the Members’ deferral
election period. Each annual Base Salary deferral shall be offset by the Member’s actual deferrals
to the Thrift Plan for that calendar year, up to the dollar limitation of IRC Section 402(g),
including any applicable “catch-up contributions”. Matching contributions may be made in
accordance with Section 4.05 below.

4.02 Thrift Make Up Contributions. During each calendar year after 1994 and before
2009, if a portion of a Member’s regular account contribution or 401(k) account contribution to the
Thrift Plan for the preceding year is returned to a Member after the end of such preceding year on
account of the IRC Limitations, and if the Member has elected in accordance with the provisions of
Section 4.04 to reduce the Member’s compensation for the current year by an amount up to the sum of
such Thrift Plan contributions and related earnings returned to the Member’s for the preceding
year, then such Member shall be credited with a make up contribution addition under this Plan equal
to the reduction in the Member’s compensation made in accordance with such election.

For each calendar year on or after January 1, 2009, deferrals in excess of the IRC Section 402(g)
compensation limitation shall not be offset under this Plan, and shall remain credited as deferrals
under this Plan, up to the maximum annual Base Salary and Incentive Compensation limitation
established by the Board. Any amounts credited in excess of the maximum annual Base Salary and
Incentive Compensation limitation shall be paid to the Member within 2 1/2 months after the later of:
the tax year in which the compensation was earned, or the Bank’s fiscal year. Such excess amounts
shall not be credited as a deferral under this Plan.

4.03 Incentive Compensation. For Plan years prior to January 1, 2008, no Member may
defer any Incentive Compensation under the Plan. Notwithstanding this prohibition, Incentive
Compensation paid or payable during a calendar year, and contributions made to the Thrift Plan
therefrom, will be included in the calculations made under Section 4.01 for purposes of determining
the maximum percentage of income which can be deferred and for purposes of determining actual
contributions to a Member’s regular and 401(k) account.

For Plan years beginning on or after January 1, 2009, a Member may defer a portion of the Member’s
Incentive Compensation, up to a maximum amount set by the Board, to the Plan; provided; the Member
must make a deferral election before December 31 of the calendar year preceding the calendar year
in which the Incentive Compensation is earned. The Member shall elect the amount to be deferred,
which may be expressed as a dollar amount or as a percentage of the Member’s total Incentive
Compensation, as well as the time and form of payment of the deferred amount.

4.04 Deferral Election. A Member’s elections under Sections 4.01 and 4.02 shall be
made in accordance with the following provisions:

(a) The Committee shall provide each Member with a Deferral Agreement at least 30 days
prior to the commencement of the calendar year in which compensation is to be earned and
paid. Each Member shall execute and deliver the Deferral Agreement to the Committee no
later than the last business day preceding the calendar year in which compensation is to be
earned and paid.

Notwithstanding the above, a Member who becomes eligible to participate during the calendar
year may execute a Deferral Agreement with respect to the Member’s elections under Section 4.01 and
4.02 within 30 days of the date the Member becomes eligible to participate. An individual who is a
Member on the Adoption Date may file a Deferral Agreement with the Committee within 30 days of the
Adoption Date and in such manner as the Committee may prescribe. With respect to Sections 4.01 and
4.02, the Deferral Agreement shall only apply to compensation earned by the Member in the payroll
periods beginning on or after the later of the date such Agreement is submitted to the Committee or
the Adoption Date.

(b) The Deferral Agreement shall provide for separate elections with respect to the
elective contribution additions under Section 4.01 and make-up contribution additions under
Section 4.02.

(c) A Member’s elections on the Member’s Deferral Agreement of the rates which
authorizes deferrals under Sections 4.01 and 4.02 shall be irrevocable for the calendar year
for which the deferral is elected. Notwithstanding the foregoing, a Member may, in the
event of an unforeseeable emergency which results in severe financial hardship as defined by
IRC Section 409A, request a suspension of the Member’s salary deferrals under the Plan. The
request shall be made in a time and manner determined by the Committee. The suspension
shall be effective with respect to the portion of the calendar year remaining after the
Committee’s determination that the Member has incurred a severe financial hardship. The
Committee shall apply standards, to the extent applicable, identical to those described in
Section 4.09 in making its determination.

4.05 Matching Contributions. Effective May 1, 2004, matching contributions may be
made to the Plan in accordance with the following provisions:

(a) Except as provided in Section 4.05(b),(c), and (d) below, for each elective
contribution addition credited to a Member under Section 4.01, such Member shall also be
credited with a matching contribution addition under this Plan equal to the matching
contribution, if any, that would be credited under the Thrift Plan with respect to such
amount if contributed to the Thrift Plan, determined as if the provisions of the Thrift Plan
were administered without regard to the IRC Limitations and determined after taking into
account the Member’s actual contributions to and actual matching contributions under the
Thrift Plan. For Plan Years before January 1, 2009, each make-up contribution addition
credited to the Member under Section 4.02, such Member shall also be credited with a
matching contribution addition under this Plan equal to the matching contribution, if any,
that was lost under the Thrift Plan with respect to the contributions returned for the
preceding calendar year. For Plan years on or after 2009, matching contributions for
make-up contribution addition credits do not apply unless otherwise set forth by the Board;
matching contributions will apply to all amounts not offset in accordance with the terms of
this Plan.

(b) Each calendar year, Patrick C. Doran’s Account under the Plan shall be credited
with a matching contribution addition under this Plan equal to (i) minus (ii) but not below
zero,

(i) is a matching contribution amount equal to 100% of Patrick C. Doran’s
contributions to the Thrift Plan up to 5% of his Salary as defined under the Thrift
Plan; and

(ii) is the amount of matching contributions actually made to Patrick C.
Doran’s Thrift Plan account for such calendar year.

Further, Patrick C. Doran shall be entitled to receive matching contributions in accordance
with Section 4.05(a) of the Plan, except that the matching contribution addition under the Plan
shall be based upon a matching formula equal to 100% of his contributions up to 5% of his
compensation, unless Patrick C. Doran is entitled to receive a greater matching contribution under
the Thrift Plan. In such event, the matching contribution addition, if any, shall be credited to
Patrick C. Doran’s Plan Account based upon the Thrift Plan matching formula.

(c) Each calendar year, David S. Fisher’s Account under the Plan shall be credited with
a matching contribution addition under this Plan equal to (i) minus (ii) but not below zero,

(i) is a matching contribution amount equal to 100% of David S. Fisher’s
contributions to the Thrift Plan up to 6% of his Salary as defined under the Thrift
Plan; and

(ii) is the amount of matching contributions actually made to David S. Fisher’s
Thrift Plan account for such calendar year.

Further, David S. Fisher shall be entitled to receive matching contributions in accordance
with Section 4.05(a) of the Plan, except that the matching contribution addition under the Plan
shall be based upon a matching formula equal to 100% of his contributions up to 6% of his
compensation, unless David S. Fisher is entitled to receive a greater matching contribution under
the Thrift Plan. In such event, the matching contribution addition, if any, shall be credited to
David S. Fisher’s Plan Account based upon the Thrift Plan matching formula.

(d) No matching contribution will be paid on deferrals of Incentive Compensation unless
otherwise set forth and agreed to by the Board, or as otherwise allowable under this Plan.

4.06 Maintenance of Accounts. The Committee shall maintain an Account on the books
and records of the Bank for each Member who is a Member by reason of amounts credited under Section
4.01, 4.02 and 4.05. The elective contribution additions, make-up contribution additions and
matching contribution additions of a Member under Sections 4.01, 4.02 and 4.05 shall be credited to
the Member’s Account as soon as practical after the date that the compensation reduced under
Section 4.01 and/or 4.02 would otherwise have been paid to such Member.

A Member shall at all times be 100% vested in his/her Account. In addition, the Account of a
Member shall be credited (or debited), from time to time as designated by the Committee, with
earnings (or losses) based upon the investment in the investment vehicle(s) selected by the
Committee. The Committee has designated the measure of investment performance under this Section
to be the greater of the Bank’s internal return on equity rate or the Federal Funds Rate existing
on the date of valuation.

4.07 Payment of Account. The balance credited to a Member’s Account shall generally
be paid in a lump sum, which shall commence 90 days after the Member’s Distribution Event.
Notwithstanding the preceding sentence, if it is administratively impracticable to make the payment
by the required payment date, and such impracticability is unforeseeable, then such payment shall
be made as soon as administratively practicable.

4.08 Optional Form of Payment.

(a) Notwithstanding Section 4.07 above, a Member may elect in writing to have the
Member’s Account paid under any optional form of payment permitted under the Plan.

(b) If a Member who had elected an optional form of payment under this Section 4.08
dies after the date the Member’s benefit payments under the Plan have commenced, the only
death benefit, if any, payable under the Plan in respect of said Member shall be the amount,
if any, payable under the optional form of payment which the Member had elected under the
Plan. If a Member who had elected an optional form of payment under this Section 4.08 dies
before the date the Member’s benefit payments under the Plan commence, the Member’s election
of an optional form of benefit shall be inoperative.

(c) An election of an optional form of payment under this Section 4.08 may be made only
on the form prescribed by the Committee and filed by the Member with the Committee at least
twelve (12) months before the originally scheduled Distribution Event, and shall not
commence sooner than a date that is at least five (5) years after the originally scheduled
Distribution Event.

4.09 Automatic Distribution of Account Balances Less Than IRC Section 402(g) Limitation.
Notwithstanding any other provision of this Plan, in the event that a Member has experienced a
Distribution Event described in Section 2.03 and has not directed otherwise as part of a prior
election, if the Member’s Account balance is less than the allowable limit under IRC Section 402(g)
for that year, the Member’s entire benefit shall automatically be paid in the form of a lump sum
payment, which shall commence 90 days after the Distribution Event. Notwithstanding the preceding
sentence, if it is administratively impracticable to make the payment by the required payment date,
and such impracticability is unforeseeable, then such payment shall be made as soon as
administratively practicable.

4.10 Death of Member. If a Member dies prior to receiving the balance credited to the
Member’s Account under Section 4.07 or 4.08 above, the balance in the Member’s Account shall be
paid to the Member’s Beneficiary in a lump sum payment which shall commence 90 days after the
Member’s death. Notwithstanding the preceding sentence, if it is administratively impracticable to
make the payment by the required payment date, and such impracticability is unforeseeable, then
such payment shall be made as soon as administratively practicable.

4.11 Unforeseeable Emergency. While employed by the Bank, a Member may, in the event
of an unforeseeable emergency, request a withdrawal from the Member’s Account. The request shall
be made in a time and manner determined by the Committee, shall be for an amount not greater than
the lesser of (i) the amount required to meet the financial hardship, or (ii) the amount of the
Member’s Account, and shall be subject to approval by the Committee. For purposes of this Section
4.11, an unforeseeable emergency means a severe financial hardship resulting from a sudden or
unexpected illness or accident of the Member or one of the Member’s dependents, loss of property
due to casualty or other similar extraordinary and unforeseen circumstances arising as a result of
events beyond the Member’s control and which hardship the Member is unable to satisfy with funds
reasonably available from other sources. The circumstances that will constitute an unforeseeable
emergency will depend upon the facts of each case as determined by the Committee. Notwithstanding
the foregoing, a Member may not receive a payout from the Plan to the extent that the unforeseeable
emergency would be inconsistent with IRC Section 409A. If the Committee approves the Member’s
petition for payout because of an unforeseeable emergency, the Member’s benefit distribution shall
occur within thirty (30) days after the beginning of the calendar quarter following the date of
such approval (or at such later time permitted under IRC Section 409A).

Article 5. Source and Method of Payments

5.01 Obligations are Unsecured General Claims. All payments of benefits under the
Plan shall be paid from, and shall only be a general claim upon, the general assets of the Bank,
notwithstanding that the Bank, in its discretion, may establish a bookkeeping reserve or a grantor
trust (as such term is used in Sections 671 through 677 of the IRC) to reflect or to aid it in
meeting its obligations under the Plan with respect to any Member or prospective Member or
Beneficiary. No benefit whatever provided by the Plan shall be payable from the assets of the
Retirement Fund or the Thrift Plan.

5.02 Member has no Right to Specific Assets. No Member shall have any right, title or
interest whatever in or to any investments which the Bank may make or any specific assets which the
Bank may reserve to aid it in meeting its obligations under the Plan. To the extent that any
person acquires a right to receive payments from the Bank under the Plan, such right shall be no
greater than the right of an unsecured general creditor of the Bank.

Article 6. Designation of Beneficiaries

6.01 Beneficiary Designation. Each Member of the Plan may file with the Committee a
written designation of one or more persons as the Beneficiary who shall be entitled to receive the
amount, if any, payable under the Plan upon the Member’s death. A Member may, from time to time,
revoke or change the Member’s beneficiary designation without the consent of any prior beneficiary
by filing a new designation with the Committee. The last such designation received by the
Committee shall be controlling; provided, however, that no designation, or change or revocation
thereof, shall be effective unless received by the Committee prior to the Member’s death, and in no
event shall it be effective as of a date prior to such receipt.

6.02 No Designated Beneficiary. If no such beneficiary designation is in effect at
the time of a Member’s death, or if no designated beneficiary survives the Member, or if, in the
opinion of the Committee, such designation conflicts with applicable law, the Member’s estate shall
be deemed to have been designated the Member’s beneficiary and shall be paid the amount, if any,
payable under the Plan upon the Member’s death. If the Committee is in doubt as to the right of
any person to receive such amount, the Committee may retain such amount, without liability for any
interest thereon, until the rights thereto are determined, or the Committee may pay such amount
into any court of appropriate jurisdiction and such payment shall be a complete discharge of the
liability of the Plan and the Bank therefore.

Article 7. Administration of the Plan

7.01 Compensation Committee. The Board of Directors has delegated to the Compensation
Committee, subject to those powers which the Board of Directors has reserved as described in
Article 8 below, general authority over and responsibility for the administration and
interpretation of the Plan. The Committee shall have full power and authority to interpret and
construe the Plan, to make all determinations considered necessary or advisable for the
administration of the Plan and any trust referred to in Article 5 above, and the calculation of the
amount of benefits payable thereunder, and to review claims for benefits under the Plan. The
Committee’s interpretations and constructions of the Plan and its decisions or actions thereunder
shall be binding and conclusive on all persons for all purposes. The Committee may delegate to any
agent or to any sub-committee or Committee member its authority to perform any act hereunder,
including without limitation those matters involving the exercise of discretion; provided, however,
that such delegation shall be subject to revocation at any time at the discretion of the Committee.

7.02 Engagement of Consultants. If the Committee deems it advisable, it shall arrange
for the engagement of the actuary, and legal counsel and certified public accountants (who may be
counsel or accountants for the Bank), and other consultants, and make use of agents and clerical or
other personnel, for purposes of the Plan. The Committee may rely upon the written opinions of
such actuary, counsel, accountants and consultants, and upon any information supplied by the
Retirement Fund or Thrift Plan for purposes of Section 3.01 of the Plan. The Committee shall
report to the Board of Directors at such intervals as shall be specified by the Board with regard
to the matters for which it is responsible under the Plan.

7.03 Claims for Benefits. All claims for benefits under the Plan shall be submitted
in writing to the Chairman of the Committee. Written notice of the decision on each such claim
shall be furnished with reasonable promptness to the Member or the Member’s Beneficiary (the
“claimant”). The claimant may request a review by the Committee of any decision denying the claim
in whole or in part. Such request shall be made in writing and filed with the Committee within 30
days of such denial, a request for review shall contain all additional information which the
claimant wishes the Committee to consider. The Committee may hold any hearing or conduct any
independent investigation which it deems desirable to render its decision, and the decision on
review shall be made as soon as feasible after the Committee’s receipt of the request for review.
Written notice of the decision on review shall be furnished to the claimant. Any decisions on
claims (where no review is requested) and decisions on review (where review is requested) shall be
subject to review by any court of competent jurisdiction. A claimant who successfully seeks
judicial reversal or modification of a Committee decision shall be reimbursed by the Bank for that
Claimant’s attorneys’ fees.

7.04 Expenses. All expenses incurred by the Committee in its administration of the
Plan shall be paid by the Bank.

Article 8. Amendment and Termination

Although the Bank anticipates that it will continue the Plan for an indefinite period of time,
there is no guarantee that the Bank will not terminate the Plan. Accordingly, the Board of
Directors reserves the right in its sole and absolute discretion to amend, suspend or terminate,
in whole or in part, the Plan, including but not limited to the termination of any Member’s
participation in the Plan, without the consent of the Committee, any Member, Beneficiary or other
person, except that no amendment, suspension or termination shall retroactively impair or otherwise
adversely affect the rights of any Member, Beneficiary or other person to benefits under the Plan
which have accrued prior to the date of such action, as determined by the Committee in its sole
discretion. The Committee may adopt any amendment or take any other action which may be necessary
or appropriate to facilitate the administration, management and interpretation of the Plan or to
conform the Plan thereto, provided any such amendment or action does not have a material effect on
the then currently estimated cost to the Bank of maintaining the Plan.

In the event the Plan is terminated, the termination shall occur in a manner consistent with
the requirements of IRC Section 409A, including but not limited to allowing the Bank to terminate
and liquidate the Plan: (1) when the Bank has declared bankruptcy, (2) when the Bank has
participated in certain Change of Control events, or (3) at the Bank’s discretion, subject to
certain restrictions and limitations described in IRC Section 409A and the regulations promulgated
thereunder.

Article 9. General Provisions

9.01 Successors and Assigns. The Plan shall be binding upon and inure to the benefit
of the Bank and its successors and assigns and the Members, and the successors, assigns, designees
and estates of the Members. The Plan shall also be binding upon and inure to the benefit of any
successor bank or organization succeeding to substantially all of the assets and business of the
Bank, but nothing in the Plan shall preclude the Bank from merging or consolidating into or with,
or transferring all or substantially all of its assets to, another bank which assumes the Plan and
all obligations of the Bank hereunder. The Bank agrees that it will make appropriate provision for
the preservation of Members’ rights under the Plan in any agreement or plan which it may enter into
to effect any merger, consolidation, reorganization, or transfer of assets and assumption of Plan
obligations of the Bank, the term “Bank” shall refer to such other bank and the Plan shall continue
in full force and effect.

9.02 No Continued Right to Employment. Neither the Plan nor any action taken
thereunder shall be construed as giving to a Member the right to be retained in the employ of the
Bank or as affecting the right of the Bank to dismiss any Member from its employ.

9.03 Taxes.

(a) For each Plan Year in which an annual contribution amount credited to a Member’s
Account Balance becomes vested, to the extent applicable and/or required under applicable
law, the Bank shall withhold from that portion of the Member’s Base Salary, bonus and/or
commissions, in a manner determined by the Bank, the Member’s share of FICA and other
employment taxes on the applicable annual contribution amounts. The Bank may, in its sole
discretion, make or change any administrative elections necessary to maximize the tax
benefit available to the Bank or the Member.

(b) Distributions. The Bank may withhold from any payments made to a Member under this
Plan all federal, state and local income, employment and other taxes required to be withheld
by the Bank in connection with such payments, in amounts and in a manner to be determined in
the sole and absolute discretion of the Bank.

(c) Income Inclusion Pursuant to IRC Section 409A. In the event that any portion of a
Member’s Account balance is required to be included in income by the Member prior to receipt
of any distribution under this Plan because of a violation of the requirements of IRC
Section 409A, the Bank may withhold from the Member all federal, state and local income,
employment and other taxes required to be withheld by the Bank in connection with such
income inclusion, in amounts and in a manner determined in the sole and absolute discretion
of the Bank. If necessary, the Member’s annual contribution amount may be reduced to pay
any taxes and to pay income tax withholdings associated with IRC Section 409A.

9.04 No Disposition of Member’s Rights. No right or interest of a Member under the
Plan may be assigned, sold, encumbered, transferred or otherwise disposed of any attempted
disposition of such right or interest shall be null and void.

9.05 Incompetency of Member or Beneficiary. If the Committee shall find that any
person to whom any amount is or was payable under the Plan is unable to care for that Member’s
affairs because of illness or accident, or is a minor, or has died, then any payment, or any part
thereof, due to such person or that person’s estate (unless a prior claim therefor has been made by
a duly appointed legal representative), may, if the Committee is so inclined, be paid to such
person’s spouse, child or other relative, an institution maintaining or having custody of such
person, or any other person deemed by the Committee to be a proper recipient on behalf of such
person otherwise entitled to payment. Any such payment shall be in complete discharge of the
liability of the Plan and the Bank therefor.

9.06 Communications to Committee. All elections, designations, requests, notices,
instructions, and other communications from a Member, beneficiary or other person to the Committee
required or permitted under the Plan shall be in such form as is prescribed from time to time by
the Committee and shall be mailed by first-class mail or delivered to such location as shall be
specified by the Committee and shall be deemed to have been given and delivered only upon actual
receipt thereof at such location.

9.07 Benefits Independent. The benefits payable under the Plan shall be in addition
to all other benefits provided for employees of the Bank and shall not be deemed salary or other
compensation by the Bank for the purpose of computing benefits to which s/he may be entitled under
any other plan or arrangement of the Bank.

9.08 No Personal Liability; Indemnification. No Committee member shall be personally
liable by reason of any instrument executed by the Committee member or on behalf of that Committee
member, or action taken by the Committee member in capacity as a Committee member, nor for any
mistake of judgment made in good faith. The Bank shall indemnify and hold harmless each Committee
member and each employee, officer or director of the Bank, to whom any duty, power, function or
action in respect of the Plan may be delegated or assigned, or from whom any information is
requested for Plan purposes, against any cost or expense (including fees of legal counsel) and
liability (including any sum paid in settlement of a claim or legal action with the approval of the
Bank) arising out of anything done or omitted to be done in connection with the Plan, unless
arising out of such person’s fraud or bad faith.

9.09 Terminology. As used in the Plan, the masculine gender shall be deemed to refer
to the feminine, and the singular person shall be deemed to refer to the plural, wherever
appropriate.

9.10 Captions. The captions preceding the Sections of the Plan have been inserted
solely as a matter of convenience and shall not be any manner defined by or limit the scope or
intent of any provisions of the Plan.

9.11 Governing Law. The Plan shall be construed according to the laws of the State of
Kansas in effect from time to time.

2

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