Document:

Form of Certificate Evidencing Shares of Common Stock

	
	

  
 [GRAPHIC] [CONMED CORPORATION][GRAPHIC] 
 COMMON STOCK PAR VALUE $.01 INCORPORATED UNDER THE
LAWS OF THE STATE OF NEW YORK CUSIP 207410 10 1 
 FULLY PAID AND NON-ASSESSABLE SHARES, PAR VALUE $.01 EACH,
OF THE COMMON STOCK OF 
 CONMED Corporation 
 transferable on the books of the Corporation by the holder hereof in person or by duly authorized attorney upon surrender of this
certificate properly endorsed. This certificate is not valid unless countersigned and registered by the Transfer Agent and Registrar. 
 IN WITNESS WHEREOF, the Corporation has caused this certificate to be signed by the facsimile signatures of its duly authorized officers and a facsimile of its corporate seal to be hereunto affixed. 
 Dated:                                     
   Thomas M.
Acey                                        
                    Eugene R. Comsartr 
 [Corporate Seal]                         Treasurer and
Secretary                                       
         Chairman of the Board, CEO and President 
 Countersigned and Registered:

 REGISTRAR AND TRANSFER COMPANY, 
 BY                         
 Transfer Agent and Registrar 
 Authorized Signature 

 

 
  
 CONMED CORPORATION

 The Corporation will furnish to any shareholder upon request and without charge, a full statement of the designation,
relative rights, preferences and limitations of the shares of each class authorized to be issued and the designation, relative rights, preferences and limitations of each series of any class of preferred shares authorized to be issued in series so
far as the same have been fixed and the authority of the Board of Directors to designate and fix the relative rights, preferences and limitations of other series. 
 The following abbreviations, when used in the inscription on the face of this Certificate, shall be construed as though they were written out in full according to applicable laws or regulations:

 TEN COM—as tenants in common 
 TEN ENT—as tenants by the entireties 
 JT TEN—as joint tenants with
right of survivorship and not as tenants in common 
 UNIF GIFT MIN ACT—Custodian 
 (Cust) (Minor) 
 under Uniform Gifts to Minors 
 Act 
 (State) 
 Additional abbreviations may also be used though not in the above list. 
 For value received, hereby sell,
assign and transfer unto 
 Please insert social security or other identifying number of assignee 
 Please print or typewrite name and address including postal zip code of assignee 
 Shares of the Common Stock represented by the within Certificate and do hereby irrevocably constitute and appoint 
 Attorney to transfer the said stock on the books of the within-named Corporation with full power of substitution in the premises.

 Dated 
 Notice: The signature to this assignment must correspond with the name as written upon the face of the Certificate, in every particular, without alteration or enlargement, or any change whatever.First Place Financial Corp. 2004 Incentive Plan

 EXHIBIT 10.1 
  
 FIRST PLACE FINANCIAL CORP. 
 2004 INCENTIVE PLAN 
  
 First Place Financial Corp. (the “Holding Company”) hereby establishes the First Place Financial Corp. 2004 Incentive Plan (the “Plan”) upon the terms and conditions hereinafter stated. The purpose of the Plan is to
promote the long-term success of the Holding Company and the creation of shareholder value by (a) encouraging officers, employees, directors and individuals performing services for the Holding Company or its Affiliates as consultants or independent
contractors to focus on critical long-range objectives, (b) encouraging the attraction and retention of officers, employees, directors, consultants and independent contractors with exceptional qualifications, and (c) linking officers, employees,
directors, consultants and independent contractors directly to shareholder interests through ownership of the Holding Company. The Plan seeks to achieve this purpose by providing for Awards in the form of options to purchase shares of the Holding
Company, restricted stock or stock appreciation rights. 
  

	1.	DEFINITIONS. 

  
 (a) “Affiliate” means (i) a member of a controlled group of corporations of which the Holding Company is a member or (ii) an unincorporated
trade or business which is under common control with the Holding Company as determined in accordance with Section 414(c) of the Code and the regulations issued thereunder. For purposes hereof, a “controlled group of corporations” shall
mean a controlled group of corporations as defined in Section 1563(a) of the Code determined without regard to Section 1563(a)(4) and (e)(3)(C). 
  
 (b) “Alternate Option Payment Mechanism” refers to one of several methods available to a Participant to fund the exercise of a stock option set
out in Section 11 hereof. These mechanisms include: broker assisted cashless exercise and stock for stock exchange. 
  
 (c) “Award” means a grant of one or some combination of one or more Non-statutory Stock Options, Incentive Stock Options and Stock Awards under
the provisions of this Plan. 
  
 (d) “Bank” means First
Place Bank. 
  
 (e) “Board of Directors” or
“Board” means the board of directors of the Holding Company or the Bank and Directors Emeritus of the Holding Company or the Bank. 
  
 (f) “Change in Control” means a change in control of the Bank or Holding Company of a nature that; (i) would be required to be reported in
response to Item 1 of the current report on Form 8-K, as in effect on the date hereof, pursuant to Section 13 or 15(d) of the Exchange Act; or (ii) results in a Change in Control within the meaning of the Home Owners’ Loan Act of 1933, as
amended (“HOLA”) and the Rules and Regulations promulgated by the Office of Thrift Supervision (“OTS”) (or its predecessor agency), as in effect on the date hereof (provided, that in applying the definition of change in control
as set forth under such rules and regulations the Board shall substitute its judgment for that of the OTS); or (iii) without limitation such a Change in Control shall be deemed to have occurred at such time as (A) any “person” (as the term
is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Bank or the Holding Company representing 25% or
more of the Bank’s or the Holding Company’s outstanding securities except for any securities of the Bank purchased by the Holding Company and any securities purchased by any tax qualified employee benefit plan of the Bank; or (B)
individuals who constitute the Board of Directors of the Holding Company on the date hereof (the “Incumbent Board”) cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to
the date hereof whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, or whose nomination for election by the Holding Company’s shareholders was approved by a Nominating Committee
serving under an Incumbent Board, shall be, for purposes of this clause (B), considered as though he were a member of the Incumbent Board; or (C) a plan of reorganization, merger, consolidation, sale of all or substantially all the assets of the
Bank or the Holding Company or similar transaction occurs in which the Bank or Holding Company is not the resulting entity. 
  
 (g) “Code” means the Internal Revenue Code of 1986, as amended. 
  

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 (h) “Committee” means the Compensation Committee consisting of those members of the Board of
Directors appointed to such committee or consisting solely of two or more members of the Compensation Committee who are defined as Non-Employee Directors as such term is defined under Rule 16b-3(b)(3)(i) under the Exchange Act as promulgated by the
Securities and Exchange Commission. 
  
 (i) “Common
Stock” means the Common Stock of the Holding Company, par value, $.01 per share or any stock exchanged for shares of Common Stock pursuant to Section 15 hereof. 
  
 (j) “Date of Grant” means the effective date of an Award. 
  
 (k) “Disability” means the permanent and total inability by reason
of mental or physical infirmity, or both, of a Participant to perform the work customarily assigned to him or her or, in the case of a Director, to serve on the Board. Additionally, a medical doctor selected or approved by the Board must advise the
Committee that it is either not possible to determine when such Disability will terminate or that it appears probable that such Disability will be permanent during the remainder of said Participant’s lifetime. 
  
 (l) “Effective Date” means September 21, 2004, the effective date
of the Plan. 
  
 (m) “Employee” means any person who is
currently employed by the Holding Company or an Affiliate, including officers, but such term shall not include Outside Directors. 
  
 (n) “Employee Participant” means an Employee who holds an outstanding Award under the terms of the Plan. 
  
 (o) “Exchange Act” means the Securities Exchange Act of 1934, as
amended. 
  
 (p) “Exercise Price” means the purchase
price per share of Common Stock deliverable upon the exercise of each Option in order for the option to be exchanged for shares of Common Stock. 
  
 (q) “Fair Market Value” means, when used in connection with the Common Stock on a certain date, the last transaction price of the Common Stock
quoted for such date by the National Association of Securities Dealers Automated Quotation System (“NASDAQ”) or the closing price reported by the New York Stock Exchange (“NYSE”) or any other stock exchange (as published by the
Wall Street Journal, if published) on such date or if the Common Stock was not traded on such date, on the next preceding day on which the Common Stock was traded thereon or the last previous date on which a sale is reported. If the Common Stock is
not traded on the NASDAQ, the NYSE or any other stock exchange, the Fair Market Value of the Common Stock is the value so determined by the Board in good faith. 
  

(r) “Incentive Stock Option” means an Option granted by the Committee to a Participant, which Option is designated by the Committee as an
Incentive Stock Option pursuant to Section 7 hereof and is intended to be such under Section 422 of the Code. 
  
 (s) “Limited Right” means the right to receive an amount of cash based upon the terms set forth in Section 8 hereof. 
  
 (t) “Non-statutory Stock Option” means an Option to a Participant
pursuant to Section 6 hereof, which is not designated by the Committee as an Incentive Stock Option or which is redesignated by the Committee as a Non-statutory Stock Option or which is designated an Incentive Stock Option under Section 7 hereof,
but does not meet the requirements of such under Section 422 of the Code. 
  
 (u) “Option” means the right to buy a fixed amount of Common Stock at the Exercise Price within a limited period of time designated as the term of the option as granted under Section 6 or 7 hereof.

  
 (v) “Outside Director” means a member of the Board
of Directors or a Director Emeritus of the Holding Company or its Affiliates, who is not also an Employee. 
  
 (w) “Outside Director Participant” means an Outside Director who holds an outstanding Award under the terms of the Plan. 
  

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 (x) “Participant(s)” means collectively an Employee Participant, an Outside Director
Participant and/or a consultant or independent contractor/advisor Participant who hold(s) outstanding Awards under the terms of the Plan. 
  
 (y) “Performance Goal” is a specific condition or goal, which may be set by the Committee as a prerequisite to the vesting of a Stock Award in
accordance with Section 9(b) hereof. 
  
 (z)
“Retirement” with respect to an Employee Participant means termination of employment, which constitutes retirement under any tax-qualified plan maintained by the Bank. However, “Retirement” will not be deemed to have occurred for
purposes of this Plan if a Participant continues to serve as a consultant to or on the Board of Directors of the Holding Company or its Affiliates even if such Participant is receiving retirement benefits under any retirement plan of the Holding
Company or its Affiliates. With respect to an Outside Director Participant, “Retirement” means the termination of service from the Board of Directors of the Holding Company or its Affiliates following written notice to the Board as a whole
of such Outside Director’s intention to retire, except that an Outside Director Participant shall not be deemed to have “retired” for purposes of the Plan in the event he continues to serve as a consultant to the Board or as an
advisory director or director emeritus, including pursuant to any retirement plan of the Holding Company or the Bank. 
  
 (aa) “Stock Awards” are Awards of Common Stock which may vest immediately or over a period of time. Vesting of Stock Awards under Section 9
hereof may be contingent upon the occurrence of specified events or the attainment of specified performance goals as determined by the Committee. 
  
 (bb) “Termination for Cause” shall mean, in the case of a Director, removal from the Board, or, in the case of an Employee, termination of
employment, in both such cases as determined by the Board, because of Participant’s personal dishonesty, incompetence, willful misconduct, conduct damaging the reputation of the Bank or the Holding Company, any breach of fiduciary duty
involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses) or in the case of an employee without a written employment agreement with
the Bank or Holding Company, any other grounds provided for under employment policies of the Bank or Holding Company in effect at the Effective Date or as amended from time to time. 
  

	1.	ADMINISTRATION. 

  
 (a) The Plan shall be administered by the Compensation Committee of the Board of Directors or such other committee the Board may designate. The Committee
is authorized, subject to the provisions of the Plan, to grant awards to Employees and establish such rules and regulations as it deems necessary for the proper administration of the Plan and to make whatever determinations and interpretations in
connection with the Plan it deems necessary or advisable. All determinations and interpretations made by the Committee shall be binding and conclusive on all Employee Participants and Outside Director Participants in the Plan and on their legal
representatives and beneficiaries. 
  
 (b) Awards to Outside
Directors of the Holding Company or its Affiliates, consultants or independent contractors shall be granted by the Board or the Committee, pursuant to the terms of this Plan. 
  

	3.	TYPES OF AWARDS AND RELATED RIGHTS. 

  
 The following Awards and related rights as described below in Paragraphs 6 through 12 hereof may be granted under the Plan: 
  

	 	(a)	Non-statutory Stock Options 

  

	 	(b)	Incentive Stock Options 

  

	 	(c)	Limited Rights 

  

	 	(d)	Stock Awards 

  

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	4.	STOCK SUBJECT TO THE PLAN. 

  
 Subject to adjustment as provided in Section 15 hereof, the maximum number of shares of Common Stock reserved for Awards under the Plan is 1,000,000
shares. These shares of Common Stock may be either authorized but unissued shares or authorized shares previously issued and acquired or reacquired by the Holding Company, respectively. To the extent that Options and Stock Awards are granted under
the Plan, the shares underlying such Awards will be unavailable for any other use including future grants under the Plan except that, to the extent that Stock Awards or Options terminate, expire, or are forfeited without having vested or without
having been exercised (or in cases where a Limited Right has been granted in connection with an option, the amount of such Limited Right received in lieu of the exercise of such option), new Awards may be made with respect to those shares underlying
such terminated, expired or forfeited Options or Stock Awards. 
  

	5.	ELIGIBILITY. 

  
 Subject to the terms herein, all Employees and Outside Directors shall be eligible to receive Awards under the Plan. In addition, the Committee may grant
Awards to consultants and advisors of the Holding Company or an Affiliate, as it sees fit. 
  

	6.	NON-STATUTORY STOCK OPTIONS. 

  
 The Committee may, subject to the limitations of the Plan and the availability of shares reserved but unawarded under the Plan, from time to time, grant
Non-statutory Stock Options to Employees, Outside Directors, consultants or independent contractors, upon such terms and conditions as the Committee may determine and grant Non-statutory Stock Options in exchange for and upon surrender of previously
granted Awards under this Plan under such terms and conditions as the Committee may determine. Non-statutory Stock Options granted under this Plan are subject to the following terms and conditions: 
  
 (a) Exercise Price. The Exercise Price of each Non-statutory Stock
Option shall be determined by the Committee. Such Exercise Price shall not be less than 100% of the Fair Market Value of the Holding Company’s Common Stock on the Date of Grant. Shares of Common Stock underlying a Non-statutory Stock Option may
be purchased only upon full payment of the Exercise Price or upon operation of an Alternate Option Payment Mechanism set out in Section 11 hereof. 
  
 (b) Terms of Non-statutory Stock Options. The term during which each Non-statutory Stock Option may be exercised shall be determined by the
Committee, but in no event shall a Non-statutory Stock Option be exercisable in whole or in part more than 10 years from the Date of Grant. The Committee shall determine the date on which each Non-statutory Stock Option shall become exercisable. The
shares of Common Stock underlying each Non-statutory Stock Option installment may be purchased in whole or in part by the Participant at any time during the term of such Non-statutory Stock Option after such installment becomes exercisable. The
Committee may, in its sole discretion, accelerate the time at which any Non-statutory Stock Option may be exercised in whole or in part. The acceleration of any Non-statutory Stock Option under the authority of this paragraph shall create no right,
expectation or reliance on the part of any other Participant or that certain Participant regarding any other unaccelerated Non-statutory Stock Options. Unless determined otherwise by the Committee and except in the event of the Participant’s
death or pursuant to a domestic relations order, a Non-statutory Stock Option is not transferable and may be exercisable in his or her lifetime only by the Participant to whom it is granted. Upon the death of a Participant, a Non-statutory Stock
Option is transferable by will or the laws of descent and distribution. 
  
 The Committee may, however, in its sole discretion, permit transferability or assignment of a Non-statutory Stock Option if such transfer or assignment is, in its sole determination, for valid estate planning purposes and such transfer or
assignment is permitted under the Code and Rule 16b-3 under the Exchange Act. For purposes of this Section 6(b), a transfer for valid estate planning purposes includes, but is not limited to: (a) a transfer to a revocable intervivos trust as to
which the Participant is both the settlor and trustee, (b) a transfer for no consideration to: (i) any member of the Participant’s Immediate Family, (ii) any trust solely for the benefit of members of the Participant’s Immediate Family,
(iii) any partnership whose only partners are members of the Participant’s Immediate Family, and (iv) any limited liability corporation or corporate entity whose only members or equity owners are members of the Participant’s Immediate
Family, or (c) a transfer to the First Place Bank Community Foundation. For purposes of this Section 6(b), “Immediate Family” includes, but is not necessarily limited to, a 
  

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 Participant’s parents, grandparents, spouse, children, grandchildren, siblings (including half brothers and
sisters), and individuals who are family members by adoption. Nothing contained in this Section 6(b) shall be construed to require the Committee to give its approval to any transfer or assignment of any Non-statutory Stock Option or portion thereof,
and approval to transfer or assign any Non-statutory Stock Option or portion thereof does not mean that such approval will be given with respect to any other Non-statutory Stock Option or portion thereof. The transferee or assignee of any
Non-statutory Stock Option shall be subject to all of the terms and conditions applicable to such Non-statutory Stock Option immediately prior to the transfer or assignment and shall be subject to any other conditions proscribed by the Committee
with respect to such Non-statutory Stock Option. 
  
 (c) NSO
Agreement. The terms and conditions of any Non-statutory Stock Option granted shall be evidenced by an agreement (the “NSO Agreement”), which shall be subject to the terms and conditions of the Plan. No Award of Non-statutory Options
under the Plan shall be effective until an executed NSO Agreement is delivered and accepted by a Participant. 
  
 (d) Termination of Employment or Service. Unless otherwise determined by the Committee, upon the termination of a Participant’s employment or
service for any reason other than Disability, death or Termination for Cause, the Participant’s Non-statutory Stock Options shall be exercisable only as to those shares that were immediately exercisable by the Participant at the date of
termination and only for a period of three months following termination, except that in the event of termination upon Retirement, such Non-statutory Stock Options shall be exercisable for a period of one year. Notwithstanding any provisions set
forth herein or contained in any NSO Agreement relating to an award of a Non-statutory Stock Option, in the event of termination of the Participant’s employment or service for Disability or death, all Non-statutory Stock Options held by such
Participant shall immediately vest and be exercisable for one year after such termination of service, and, in the event of a Termination for Cause, all rights under the Participant’s Non-statutory Stock Options shall expire immediately upon
such Termination for Cause. 
  

	7.	INCENTIVE STOCK OPTIONS. 

  
 The Committee may, subject to the limitations of the Plan and the availability of shares reserved but unawarded under the Plan, from time to time, grant
Incentive Stock Options to Employees upon such terms and conditions as the Committee may determine. Incentive Stock Options granted pursuant to the Plan shall be subject to the following terms and conditions: 
  
 (a) Exercise Price. The Exercise Price of each Incentive Stock Option
shall be not less than 100% of the Fair Market Value of the Common Stock on the Date of Grant. However, if at the time an Incentive Stock Option is granted to an Employee Participant, such Employee Participant owns Common Stock representing more
than 10% of the total combined voting securities of the Holding Company (or, under Section 424(d) of the Code, is deemed to own Common Stock representing more than 10% of the total combined voting power of all classes of stock of the Holding
Company, by reason of the ownership of such classes of stock, directly or indirectly, by or for any brother, sister, spouse, ancestor or lineal descendent of such Employee Participant, or by or for any corporation, partnership, estate or trust of
which such Employee Participant is a shareholder, partner or beneficiary) (“10% Owner”), the Exercise Price per share of Common Stock deliverable upon the exercise of each Incentive Stock Option shall not be less than 110% of the Fair
Market Value of the Common Stock on the Date of Grant. Shares may be purchased only upon payment of the full Exercise Price or upon operation of an Alternate Option Payment Mechanism set out in Section 11 hereof. 
  
 (b) Amounts of Incentive Stock Options. Incentive Stock Options may be
granted to any Employee in such amounts as determined by the Committee; provided that the amount granted is consistent with the terms of Section 422 of the Code. In the case of an Option intended to qualify as an Incentive Stock Option, the
aggregate Fair Market Value (determined as of the time the Option is granted) of the Common Stock with respect to which Incentive Stock Options granted are exercisable for the first time by the Employee Participant during any calendar year (under
all plans of the Employee Participant’s employer corporation and its parent and subsidiary corporations) shall not exceed $100,000. The provisions of this Section 7(b) shall be construed and applied in accordance with Section 422(d) of the Code
and the regulations, if any, promulgated thereunder. To the extent an Award of an Incentive Stock Option under this Section 7 exceeds this $100,000 limit, the portion of the Award in excess of such limit shall be deemed a Non-statutory Stock Option.
The Committee shall have discretion to redesignate Options granted as Incentive Stock Options as Non-Statutory Stock Options. Such Non-statutory Stock Options shall be subject to Section 6 hereof. 
  

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 (c) Terms of Incentive Stock Options. The term during which each Incentive Stock Option may be
exercised shall be determined by the Committee, but in no event shall an Incentive Stock Option be exercisable in whole or in part more than 10 years from the Date of Grant. If at the time an Incentive Stock Option is granted to an Employee
Participant who is a 10% Owner, the Incentive Stock Option granted to such Employee Participant shall not be exercisable after the expiration of five years from the Date of Grant. No Incentive Stock Option is transferable except by will or the laws
of descent and distribution and is exercisable in his or her lifetime only by the Employee Participant to whom it is granted. The designation of a beneficiary does not constitute a transfer. 
  
 The Committee shall determine the date on which each Incentive Stock Option
shall become exercisable. The shares comprising each installment of the Incentive Stock Option may be purchased in whole or in part at any time during the term of such Option after such installment becomes exercisable. The Committee may, in its sole
discretion, accelerate the time at which any Incentive Stock Option may be exercised in whole or in part. The acceleration of any Incentive Stock Option under the authority of this paragraph shall not create a right, expectation or reliance on the
part of any other Participant or that certain Participant regarding any other unaccelerated Incentive Stock Options. 
  
 (d) ISO Agreement. The terms and conditions of any Incentive Stock Option granted shall be evidenced by an agreement (the “ISO
Agreement”), which shall be subject to the terms and conditions of the Plan. No Award of Incentive Stock Options under the Plan shall be effective until an executed ISO Agreement is delivered and accepted by a Participant 
  
 (e) Termination of Employment. Unless otherwise determined by the
Committee, upon the termination of an Employee Participant’s employment for any reason other than Disability, death or Termination for Cause, the Employee Participant’s Incentive Stock Options shall be exercisable only as to those shares
that were immediately exercisable by the Participant at the date of termination and only for a period of three months following termination, except that in the event of termination upon Retirement, such Incentive Stock Options shall be exercisable
for a period of one year. Notwithstanding any provision set forth herein or contained in any ISO Agreement relating to an award of an Incentive Stock Option, in the event of termination of the Employee Participant’s employment for Disability or
death, all Incentive Stock Options held by such Employee Participant shall immediately vest and be exercisable for one year after such termination, and, in the event of Termination for Cause, all rights under the Employee Participant’s
Incentive Stock Options shall expire immediately upon termination. No Incentive Stock Option shall be eligible for treatment as an Incentive Stock Option in the event such Incentive Stock Option is exercised more than three months following the date
of Participant’s cessation of employment, other than on account of Disability or death. In no event shall an Incentive Stock Option be exercisable beyond the expiration of the Incentive Stock Option term. 
  
 (f) Compliance with Code. The Incentive Stock Options granted under
this Section 7 are intended to qualify as “incentive stock options” within the meaning of Section 422 of the Code, but the Holding Company makes no warranty as to the qualification of any Option as an incentive stock option within the
meaning of Section 422 of the Code. All Options that do not so qualify shall be treated as Non-statutory Stock Options. 
  

	8.	LIMITED RIGHT. 

  
 Simultaneously with the grant of any Option to an Employee or Outside Director, the Committee may grant a Limited Right with respect to all or some of the
shares covered by such Option. Limited Rights granted under this Plan are subject to the following terms and conditions: 
  
 (a) Terms of Rights. In no event shall a Limited Right be exercisable in whole or in part before the expiration of six months from the Date of
Grant of the Limited Right. A Limited Right may be exercised only in the event of a Change in Control. 
  
 The Limited Right may be exercised only when the underlying Option is eligible to be exercised, and only when the Fair Market Value of the underlying
shares on the day of exercise is greater than the Exercise Price of the underlying Option. 
  

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 Upon exercise of a Limited Right, the underlying Option shall cease to be exercisable. Upon exercise or
termination of an Option, any related Limited Rights shall terminate. The Limited Rights may be for no more than 100% of the difference between the purchase price and the Fair Market Value of the Common Stock subject to the underlying option. The
Limited Right is transferable only when the underlying option is transferable and under the same conditions. 
  
 (b) Payment. Upon exercise of a Limited Right, the holder shall promptly receive from the Holding Company an amount of cash equal to the difference
between the Exercise Price of the underlying option and the Fair Market Value of the Common Stock subject to the underlying Option on the date the Limited Right is exercised, multiplied by the number of shares with respect to which such Limited
Right is exercised. Payments shall be less any applicable tax withholding as set forth in Section 16 hereof. 
  

	9.	STOCK AWARD. 

  
 The Committee may, subject to the limitations of the Plan, from time to time, make an Award of shares of Common Stock to Employees and Outside Directors
(“Stock Awards”). The Stock Awards shall be made subject to the following terms and conditions: 
  
 (a) Payment of the Stock Award. The Stock Award may only be made in whole shares of Common Stock. Stock Awards may only be granted from shares
reserved under the Plan but unawarded at the time the new Stock Award is made. 
  
 (b) Terms of the Stock Awards. The Committee shall determine the dates on which Stock Awards granted to a Participant shall vest and any specific conditions or performance goals which must be satisfied prior to
the vesting of any installment or portion of the Stock Award. Notwithstanding other paragraphs in this Section 9, the Committee may, in its sole discretion, accelerate the vesting of any Stock Award. The acceleration of any Stock Award under the
authority of this paragraph shall create no right, expectation or reliance on the part of any other Participant or that certain Participant regarding any other unaccelerated Stock Awards. 
  
 (c) Stock Award Agreement. The terms and conditions of any Stock Award shall be evidenced by an agreement (the
“Stock Award Agreement”) which such Stock Award Agreement will be subject to the terms and conditions of the Plan. Each Stock Award Agreement shall set forth: 
  
 (i) the period over which the Stock Award will vest; and 
  
 (ii) the performance goals, if any, which must be satisfied prior to the vesting of any installment or portion of the Stock
Award. The performance goals may be set by the Committee on an individual level, for all Participants, for all Awards made during a given period of time, or for all Awards for indefinite periods. 
  
 (d) Certification of Attainment of the Performance Goal. No Stock
Award or portion thereof that is subject to a performance goal is to be distributed to an Employee Participant until the Committee certifies that the underlying performance goal has been achieved, or in the case of an Outside Director Participant,
until an independent third party presents a certification to the Board that the underlying performance goal associated with a Stock Award has been achieved. 
  
 (e) Termination of Employment or Service. Unless otherwise determined by the Committee, upon the termination of a Participant’s employment or
service for any reason other than Disability, death or Termination for Cause, the Participant’s unvested Stock Awards as of the date of termination shall be forfeited and any rights the Participant had to such unvested Stock Awards shall become
null and void. Notwithstanding any provisions set forth herein or contained in any NSO Agreement relating to an award of a Non-statutory Stock Option, in the event of termination of the Participant’s service due to Disability or death, all
unvested Stock Awards held by such Participant, including any portion of a Stock Award subject to a performance goal, shall immediately vest and, in the event of the Participant’s Termination for Cause, the Participant’s unvested Stock
Awards as of the date of such termination shall be forfeited and any rights the Participant had to such unvested Stock Awards shall become null and void. 
  

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 (f) Non-Transferability. Except to the extent permitted by the Code, the rules promulgated under
Section 16(b) of the Exchange Act or any successor statutes or rules: 
  
 (i) The recipient of a Stock Award shall not sell, transfer, assign, pledge, or otherwise encumber shares subject to the Stock Award until full vesting of such shares has occurred. For purposes of this section, the separation of beneficial
ownership and legal title through the use of any “swap” transaction is deemed to be a prohibited encumbrance. 
  
 (ii) Unless determined otherwise by the Committee and except in the event of the Participant’s death or pursuant to a domestic relations order, a
Stock Award is not transferable and may be earned in his or her lifetime only by the Participant to whom it is granted. Upon the death of a Participant, a Stock Award is transferable by will or the laws of descent and distribution. The designation
of a beneficiary does not constitute a transfer. 
  
 (iii) If a
recipient of a Stock Award is subject to the provisions of Section 16 of the Exchange Act, shares of Common Stock subject to such Stock Award may not, without the written consent of the Committee (which consent may be given in the Stock Award
Agreement), be sold or otherwise disposed of within six months following the date of grant of the Stock Award. 
  
 (g) Accrual of Dividends. Whenever shares of Common Stock underlying a Stock Award are distributed to a Participant or beneficiary thereof under
the Plan, such Participant or beneficiary shall also be entitled to receive, with respect to each such share distributed, a payment equal to any cash dividends or distributions (other than distributions in shares of Common Stock) and the number of
shares of Common Stock equal to any stock dividends, declared and paid with respect to a share of the Common Stock if the record date for determining shareholders entitled to receive such dividends falls between the date the relevant Stock Award was
granted and the date the relevant Stock Award or installment thereof is distributed. 
  
 (h) Voting of Stock Awards. All shares of Common Stock, which have not vested, shall be voted by the Holding Company, taking into account the best interests of the recipients of Stock Awards. 
  

	10.	PAYOUT ALTERNATIVES. 

  
 Payments due to a Participant upon the exercise or redemption of an Award, may be made subject to the following terms and conditions: 
  
 (a) Discretion of the Committee. The Committee has the sole
discretion to determine what form of payment (whether monetary, Common Stock, a combination of payout alternatives or otherwise) it shall use in making distributions of payments for all Awards. If the Committee requests any or all Participants to
make an election as to form of distribution or payment, it shall not be considered bound by the election. 
  
 (b) Payment in the form of Common Stock. Any shares of Common Stock tendered in satisfaction of an obligation arising under this Plan shall be
valued at the Fair Market Value of the Common Stock on the day preceding the date of the issuance of such stock to the Participant. 
  
 (c) Deferred Payments. The Committee, in its discretion, may permit a Participant to elect to defer receipt of all or any part of any cash or stock
payment under the Plan, or the Committee may determine to defer receipt by some or all Participants, of all or part of any such payment. The Committee shall determine the terms and conditions of any such deferral, including the period of deferral,
the manner of deferral, and the method for measuring appreciation on deferred amounts until their payout. 
  

	11.	ALTERNATE OPTION PAYMENT MECHANISM. 

  
 The Committee has sole discretion to determine what form of payment it will accept for the exercise of an Option. The Committee may indicate acceptable
forms in the ISO or NSO Agreement covering such Options or may reserve its decision to the time of exercise. No Option is to be considered exercised until payment in full is accepted by the Committee or its agent. 
  
 (a) Cash Payment. The exercise price may be paid in cash or by
certified check. 
  

 8 

 (b) Borrowed Funds. To the extent permitted by law, the Committee may permit all or a portion of
the exercise price of an Option to be paid through borrowed funds. 
  
 (c) Exchange of Common Stock. 
  
 (i) The
Committee may permit payment by the tendering of previously acquired shares of Common Stock but only in instances where the shares to be surrendered have been held by the Participant for a period of at least six (6) months. 
  
 (ii) Any shares of Common Stock tendered in payment of the exercise price of
an Option shall be valued at the Fair Market Value of the Common Stock on the date prior to the date of exercise. 
  

	12.	RIGHTS OF A SHAREHOLDER: NONTRANSFERABILITY. 

  
 No Participant shall have any rights as a shareholder with respect to any shares of Common Stock covered by an Option until the date of issuance of a
stock certificate for such shares. Nothing in this Plan or in any Award granted confers on any person any right to continue in the employ or service of the Holding Company or its Affiliates or interferes in any way with the right of the Holding
Company or its Affiliates to terminate a Participant’s services as an officer or other employee at any time. 
  
 Except as permitted under the Code (with respect to Incentive Stock Options) and the rules promulgated pursuant to Section 16(b) of the Exchange Act or
any successor statutes or rules, no Award under the Plan shall be transferable by the Participant other than by will or the laws of intestate succession or pursuant to a domestic relations order or unless determined otherwise by the Committee.

  

	13.	AGREEMENT WITH GRANTEES. 

  
 Each Award will be evidenced by a written agreement(s) (whether constituting an NSO Agreement, ISO Agreement, Stock Award Agreement or any combination
thereof), executed by the Participant and the Holding Company or its Affiliates that describes the conditions for receiving the Awards including the date of Award, the Exercise Price if any, the terms or other applicable periods, and other terms and
conditions as may be required or imposed by the Plan, the Committee, or the Board, and may describe or specify tax law considerations or applicable securities law considerations. 
  

	14.	DESIGNATION OF BENEFICIARY. 

  
 A Participant may, with the consent of the Committee, designate a person or persons to receive, in the event of death, any Award to which the Participant
would then be entitled. Such designation will be made upon forms supplied by and delivered to the Holding Company and may be revoked in writing. If a Participant fails effectively to designate a beneficiary, then the Participant’s estate will
be deemed to be the beneficiary. 
  

	15.	DILUTION AND OTHER ADJUSTMENTS. 

  
 In the event of any change in the outstanding shares of Common Stock by reason of any stock dividend or split, recapitalization, merger, consolidation,
spin-off, reorganization, combination or exchange of shares, or other similar corporate change, or other increase or decrease in such shares without receipt or payment of consideration by the Holding Company, or in the event a capital distribution
is made, the Committee will make such adjustments to Awards to prevent dilution, diminution or enlargement of the rights of the Participant, as the Committee deems appropriate, including any or all of the following: 
  
 (a) adjustments in the aggregate number or kind of shares of Common Stock or
other securities that may underlie future Awards under the Plan; 
  
 (b) adjustments in the aggregate number or kind of shares of Common Stock or other securities underlying Awards already made under the Plan; 
  

 9 

 (c) adjustments in the exercise price of outstanding Incentive and/or Non-statutory Stock Options, or any
Limited Rights attached to such Options. 
  
 Alternatively, the
Committee could provide the participant with a cash benefit for shares underlying vested, but unexercised options, in order to achieve the aforementioned effect. All awards under this Plan shall be binding upon any successors or assigns of the
Holding Company. 
  

	16.	TAX WITHHOLDING. 

  
 Awards under this Plan shall be subject to tax withholding to the extent required by any governmental authority. Any withholding shall comply with Rule
16b-3 or any amendment or successive rule. Shares of Common Stock withheld to pay for tax withholding amounts shall be valued at their Fair Market Value on the date the Award is deemed taxable to the Participant. To the extent that the Holding
Company permits withholding obligations to be met by the retention of Common Stock to which a Participant otherwise would be entitled pursuant to an Award, the fair market value of the Common Stock retained for such purpose shall not exceed the
minimum required Federal, state and local tax withholding due upon exercise of the Award. 
  

	17.	AMENDMENT OF THE PLAN. 

  
 The Board may at any time, and from time to time, subject to applicable rules and regulations, modify or amend the Plan, or any Award granted under the
Plan, in any respect, prospectively or retroactively; provided however, that provisions governing grants of Incentive Stock Options, unless permitted by the rules and regulations or staff pronouncements promulgated under the Code shall be submitted
for shareholder approval to the extent required by such law, regulation or interpretation. In no event shall the Board of Directors without shareholder approval amend the Plan or shall the Committee amend an NSO Agreement or ISO Agreement in any
manner that allows the repricing of any Option previously granted under the Plan either through a reduction in the Exercise Price or through the cancellation and re-grant of a new Option in exchange for the cancelled Option. 
  
 Failure to ratify or approve amendments or modifications by shareholders
shall be effective only as to the specific amendment or modification requiring such ratification. Other provisions, sections, and subsections of this Plan will remain in full force and effect. 
  
 No such termination, modification or amendment may adversely affect the
rights of a Participant under an outstanding Award without the written permission of such Participant. 
  

	18.	EFFECTIVE DATE OF PLAN. 

  
 The Plan shall become effective on the Effective Date, and Awards may be granted as of or after the Effective Date and prior to termination of the Plan.
The failure to obtain shareholder ratification which would provide for preferential tax treatment for Incentive Stock Options will not affect the validity of the Plan and the Options thereunder, provided, however, that if the Plan is not ratified
and approval by the requisite vote of the outstanding voting shares of the Holding Company, the Plan shall remain in full force and effect, and any Incentive Stock Options granted under the Plan shall be deemed to be Non-statutory Stock Options.

  

	19.	TERMINATION OF THE PLAN. 

  
 The right to grant Awards under the Plan will terminate upon the earlier of: (i) ten (10) years after the Effective Date; (ii) the issuance of a number of
shares of Common Stock pursuant to the exercise of Options or the distribution of Stock Awards which together with the exercise of Limited Rights is equivalent to the maximum number of shares reserved under the Plan as set forth in Section 4. The
Board has the right to suspend or terminate the Plan at any time, provided that no such action will, without the consent of a Participant, adversely affect a Participant’s vested rights under a previously granted Award. 
  

 10 

	20.	APPLICABLE LAW. 

  
 The Plan will be administered in accordance with the laws of the State of Delaware and applicable federal law. 
  

	21.	DELEGATION OF AUTHORITY. 

  
 The Committee may delegate all authority for: the determination of forms of payment to be made by or received by the Plan; the execution of Award
agreements; the determination of Fair Market Value; and the determination of all other aspects of administration of the Plan to the executive officer(s) of the Holding Company or the Bank. The Committee may rely on the descriptions, representations,
reports and estimates provided to it by the management of the Holding Company or the Bank for determinations to be made pursuant to the Plan, including the attainment of performance goals. However, only the Committee or a portion of the Committee
may certify the attainment of a performance goal. 
  

 11 

 IN WITNESS WHEREOF, First Place Financial Corp. has established this Plan to be executed by its duly authorized executive
officer and the corporate seal to be affixed and duly attested, effective as of the 21st day of September, 2004. 
  

					
	 [CORPORATE SEAL]
	 	 FIRST PLACE FINANCIAL CORP.

			
	 September 21, 2004
 Date
	 	 By:
	 	 /s/ W. Terry Patrick

	 	 	 	 	 W. Terry Patrick

	 	 	 	 	 Chairman of the Board

			
	 ADOPTED BY THE BOARD OF DIRECTORS:
	 	 	 	 
			
	 September 21, 2004
 Date
	 	 By:
	 	 /s/ J. Craig Carr

	 	 	 	 	 J. Craig Carr

	 	 	 	 	 Secretary

			
	 APPROVED BY SHAREHOLDERS:
	 	 	 	 
			
	  
 October 28,
2004
	 	 By:
	 	 /s/ J. Craig Carr

	 Date
	 	 	 	 J. Craig Carr

	 	 	 	 	 Secretary

  

 12

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