Document:

EX-10.4 INCENTIVE COMPENSATION PLAN FOR DAVID BUCH

 

DAVID BUCHANAN

INCENTIVE COMPENSATION

          For each calendar year, the Compensation Committee (“Committee”) of the Board of Directors of
Fidelity will establish in its sole discretion (after discussion with Management) the percentage of
base salary available for incentive compensation consideration and the executive incentive
compensation evaluation criteria, which will include corporate and individual performance
measurements, goals and objectives, both financial and non-financial, for such calendar year prior
to or at the commencement of the calendar year. Buchanan will be paid incentive compensation
(“Incentive Compensation”), if any, in cash as determined by the Committee following its evaluation
of Corporate and individual performance relative to the executive compensation criteria established
at the beginning of the calendar year and such other measures or modifications as the Committee at
its sole discretion, may consider.

          The Committee has determined that in 2007 Buchanan will be eligible for 20% of base
compensation as Incentive Compensation, or such amount as may be determined by the Compensation
Committee. The Committee will evaluate Fidelity’s and Buchanan’s 2007 performance relative to the
following financial and non-financial measurements, goals and objectives, and such other measures
and modifications as the Committee, in its sole discretion, may consider in the determination of
Incentive Compensation to be paid for 2007.

	 	1.	 	Financial Performance Measurements based on the approved 2007 Budget (These
measurements may be modified for evaluation purposes at any time during 2007 based on
changes in the strategic plan, the business plan, competitive or economic factors, changes
in regulatory or accounting rules, laws or regulations or such other factors as the
Compensation Committee, in its sole discretion, may determine.):

	 	•	 	Net income
	 
	 	•	 	Earnings per share (EPS)
	 
	 	•	 	Return on equity (ROE)
	 
	 	•	 	Return on assets (ROA)
	 
	 	•	 	Total stockholder return
	 
	 	•	 	Loan growth
	 
	 	•	 	Asset quality
	 
	 	•	 	Deposit growth
	 
	 	•	 	Net interest margin
	 
	 	•	 	Noninterest income
	 
	 	•	 	Noninterest expense management and control
	 
	 	•	 	Business unit net income

	 	2.	 	Non-financial Corporate and Individual Goals including but not limited to:

	 	•	 	Compliance with laws and regulations including Compliance and Safety and
Soundness ratings of 2 or better

 

 

	 	•	 	Hiring proven lenders and managers, as identified, to grow loans and deposits or
develop, expand or improve operations and products and services and their delivery
	 
	 	•	 	Opening new branches and loan production offices to profitably expand market
presence
	 
	 	•	 	Market share growth
	 
	 	•	 	Development/expansion of profitable products/services and delivery systems
	 
	 	•	 	Furtherance of or achievement of strategic goals and objectives
	 
	 	•	 	Individual performance based on competitive, legal, regulatory, and economic
conditions
	 
	 	•	 	Such other factors as the Compensation Committee in its sole discretion may
consider in determining the amount, if any, of Incentive Compensation to be
awarded.

          The right of Buchanan to receive Incentive Compensation, if any, hereunder related to a
calendar year shall vest on the last day of such calendar year. In the event Buchanan is entitled
pursuant to the Agreement and the determination of the Committee at its sole discretion to
Incentive Compensation for a period of less than a full year, the Incentive Compensation, if any,
for such year shall vest on the last day of his employment.

          Within 60 days after the end of 2007, management shall calculate and evaluate Fidelity’s and
Buchanan’s performance relative to the 2007 Criteria and provide such calculations and evaluations
to the Committee for its review.

          The Committee shall, within 90 days after the end of 2007, make its own independent assessment
of the extent to which the 2007 Criteria and such other measures and modifications as the
Committee, in its sole discretion, may consider have been achieved; and, based on its assessment,
shall award Incentive Compensation in such amounts, if any, as it deems to have been earned by
Buchanan.

          The Committee may revise or modify the 2007 Criteria for the year to the extent the Committee,
in the exercise of its sole and absolute discretion, believes necessary or deems equitable in light
of any unexpected or unusual or non-recurring circumstances or events, including but not limited
to, changes in accounting rules, accounting practices or procedures, tax and other laws and
regulations, or in the event of mergers, acquisitions, divestitures, unanticipated increases in
regulatory fees or costs, any extraordinary or unanticipated competitive or economic circumstances,
or any other factors as the Committee may determine.

          In addition, in determining whether or to the extent that any one or more of the 2007 Criteria
have been met, the Committee may adjust the Corporation’s financial results to exclude the effects
of any or all extraordinary items (as determined under generally accepted accounting principles)
and any other unusual or non-recurring items that distort year-to-year comparisons of results or
otherwise distort results for the year (either on an entity, business unit, or consolidated basis)
and consider the impact on results of other events, including but not limited to, charges or costs
associated with restructurings of the Corporation, discontinued operations, acquisitions or
dispositions of business entities or assets, reorganizations, mergers or divestures, the effects of
competition or economic conditions, and of changes in tax, regulatory or accounting rules, laws or
regulations.

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          Payment is to be made in cash promptly after the amount is determined but in no event later
than April 15 of the calendar year following the calendar year for which the Incentive Compensation
is earned. The Committee, in its sole discretion, during a calendar year may make a non-refundable
prepayment of a portion of the Incentive Compensation to Buchanan if it believes that the partial
payment will not exceed the amount of the Incentive Compensation for that calendar year.

	 	 	 	 	 	 	 
	 	 	FIDELITY SOUTHERN CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James B. Miller, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	James B. Miller, Jr.	 	 
	 

	 	Title:
	 	Chairman	 	 
	 
	 	 	 	 	 	 
	 	 	FIDELITY BANK	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ James B. Miller, Jr.	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	James B. Miller, Jr.	 	 
	 

	 	Title:
	 	Chairman	 	 
	 
	 	 	 	 	 	 
	 	 	BUCHANAN	 	 
	 
	 	 	 	 	 	 
	 

	 	 	 	/s/ David Buchanan	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	     David Buchanan	 	 
	 
	 	 	 	 	 	 
	 

	 	Date:
	 	January 18, 2007	 	 

3exv4w1

 

Exhibit 4.1

AMENDMENT NO. 1 TO

STOCKHOLDER PROTECTION RIGHTS AGREEMENT

     This Amendment No. 1, dated as of January 19, 2007 (this “Amendment”), to the
Stockholder Protection Rights Agreement, dated July 18, 2006 (the “Rights Agreement”), by
and between Swift Transportation Co., Inc., a Nevada corporation (the “Company”), and
Mellon Investor Services LLC, a New Jersey limited liability company, as Rights Agent (the
“Rights Agent”, which term shall include any successor Rights Agent thereunder).
Capitalized terms used but not defined herein shall have the meanings set forth in the Rights
Agreement.

     WHEREAS, the Company and the Rights Agent have previously entered into the Rights Agreement;

     WHEREAS, the Company wishes to amend the Rights Agreement and the Board of Directors of the
Company has taken all necessary action to effect the same;

     WHEREAS, Section 5.4 of the Rights Agreement provides, among other things, that prior to the
Flip-in Date, the Company and the Rights Agent may from time to time amend, and the Rights Agent
will duly execute such amendment to, the Rights Agreement without the approval of any holders of
Rights;

     WHEREAS, the Company, Saint Corporation, a Nevada corporation (“Parent”), and Saint
Acquisition Corporation, a Nevada corporation and a wholly owned subsidiary of Parent
(“MergerCo”), have entered into an Agreement and Plan of Merger, dated as of January 19,
2007 (the “Merger Agreement”), pursuant to which MergerCo will merge with and into the
Company (the “Merger”), with the Company surviving the Merger;

     WHEREAS, concurrently with the execution of the Merger Agreement, as a condition and
inducement to the Company’s willingness to enter into the Merger Agreement, the Company and certain
stockholders of the Company entered into a voting agreement (the “Voting Agreement”); and

     WHEREAS, in connection with the Merger, certain stockholders of the Company will contribute to
Parent immediately prior to the Effective Time (as defined in the Merger Agreement) certain shares
of Common Stock and certain other assets in exchange for shares of capital stock of Parent.

     NOW, THEREFORE, in consideration of the foregoing and mutual agreements set forth in the
Rights Agreement and this Amendment, the parties agree as follows:

     1. Amendments to Section 1.1. Section 1.1 of the Rights Agreement is amended as
follows:

     (a) To add the following sentence after the last sentence of the definition of “Acquiring
Person”:

“Notwithstanding the foregoing or any provision to the contrary in this Agreement,
neither Parent nor MergerCo, nor any of their respective Subsidiaries,

 

 

Affiliates or Associates, are, nor shall any of them be deemed to be, an Acquiring
Person by virtue of (i) the execution of the Merger Agreement or the announcement or
consummation of the transactions contemplated thereby pursuant to the terms of the
Merger Agreement or their acquisition, or their right to acquire, beneficial
ownership of Common Stock of the Company as a result of their execution of the
Merger Agreement, (ii) the consummation of the Merger (as defined in the Merger
Agreement), or (iii) the entry into, or consummation of the transactions
contemplated or permitted by, the Rollover Commitments (as in effect as of the date
hereof) or new Rollover Commitments executed by any of the parties to the Voting
Agreement, the Voting Agreement and any other agreements solely among the parties to
such agreements in connection with the Merger.”

     (b) To add the following clause immediately before the period at the end of the definition of
“Expiration Time”:

“; provided, however, that notwithstanding the foregoing, this
Agreement and the Rights established hereby will terminate in all respects as of the
Effective Time (as defined in the Merger Agreement). The Company hereby agrees to
promptly notify the Rights Agent, in writing, upon the occurrence of the Effective
Time (as defined in the Merger Agreement), which notice shall specify (i) that the
Effective Time (as defined in the Merger Agreement) has occurred, and (ii) the date
upon which this Agreement and the Rights established hereby were terminated.”

     (c) To add the following clause immediately before the period at the end of the definition of
“Flip-in Date”:

“; provided, however, that notwithstanding the foregoing, a Flip-in
Date shall not occur or be deemed to have occurred as a result of (i) the execution
of the Merger Agreement or the announcement or consummation of the transactions
contemplated thereby pursuant to the terms of the Merger Agreement or (ii) the entry
into, or consummation of the transactions contemplated or permitted by, the Rollover
Commitments (as in effect as of the date hereof) or new Rollover Commitments
executed by any of the parties to the Voting Agreement, the Voting Agreement and any
other agreements solely among the parties to such agreements in connection with the
Merger.”

     (d) To add the following clause immediately before the period at the end of the first sentence
of the definition of “Flip-over Transaction or Event”:

“; provided, however, that notwithstanding the foregoing, a
Flip-over Transaction or Event shall not occur or be deemed to have occurred as a
result of (i) the execution of the Merger Agreement or the announcement or
consummation of the transactions contemplated thereby pursuant to the terms of the
Merger Agreement or (ii) the entry into, or consummation of the transactions
contemplated or permitted by, the Rollover Commitments (as in effect as of the date
hereof) or new Rollover Commitments executed by any of the parties to the Voting

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Agreement, the Voting Agreement and any other agreements solely among the parties to
such agreements in connection with the Merger.”

     (e) To insert the following defined terms immediately after the definition of “Market Price”:

“‘Merger Agreement’ shall mean the Agreement and Plan of Merger, dated as of January
19, 2007 (and as may be amended from time to time), by and among Parent, MergerCo
and the Company.”

“‘MergerCo’ shall mean Saint Acquisition Corporation, a Nevada corporation and a
wholly owned subsidiary of Parent.”

     (f) To insert the following defined term immediately after the definition of “Outside Meeting
Date”:

“‘Parent’ shall mean Saint Corporation, a Nevada corporation.”

     (g) To add the following sentence after the last sentence of the definition of “Qualifying
Offer”:

“Notwithstanding the foregoing, a Qualifying Offer shall not shall include any offer
in connection with the execution of the Merger Agreement or the announcement or
consummation of the transactions contemplated thereby pursuant to the terms of the
Merger Agreement.”

     (h) To insert the following defined terms immediately after the definition of “Rights
Register”:

“‘Rollover Commitments’ shall mean those equity rollover letters, dated as of
January 19, 2007 (as in effect as of the date hereof), by and among Parent and
certain stockholders of the Company, pursuant to which such stockholders have
committed to contribute to Parent certain shares of Common Stock and certain other
assets in exchange for shares of capital stock of Parent.”

     (i) To add the following clause immediately before the period at the end of the definition of
“Separation Time”:

“; and provided further, that notwithstanding the foregoing, the Separation
Time shall not occur or be deemed to have occurred as a result of (i) the execution
of the Merger Agreement or the announcement or consummation of the transactions
contemplated thereby pursuant to the terms of the Merger Agreement or (ii) the entry
into, or consummation of the transactions contemplated or permitted by, the Rollover
Commitments (as in effect as of the date hereof) or new Rollover Commitments
executed by any of the parties to the Voting Agreement, the Voting Agreement and any
other agreements solely among the parties to such agreements in connection with the
Merger.”

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     (j) To add the following clause immediately before the period at the end of the definition of
“Stock Acquisition Date”:

“; provided, however, that notwithstanding the foregoing, a Stock
Acquisition Date shall not occur or be deemed to have occurred as a result of (i)
the execution of the Merger Agreement or the announcement or consummation of the
transactions contemplated thereby pursuant to the terms of the Merger Agreement or
(ii) the entry into, or consummation of the transactions contemplated or permitted
by, the Rollover Commitments (as in effect as of the date hereof) or new Rollover
Commitments executed by any of the parties to the Voting Agreement, the Voting
Agreement and any other agreements solely among the parties to such agreements in
connection with the Merger.”

2. Amendment to Section 2.3. Section 2.3 of the Rights Agreement is amended to add
the following paragraph (h) after paragraph (g) thereof:

“(h) Notwithstanding the foregoing or any provision to the contrary in this
Agreement, the Separation Time shall not occur or be deemed to have occurred as a
result of the execution of (i) the Merger Agreement or the announcement or
consummation of the transactions contemplated thereby pursuant to the terms of the
Merger Agreement or (ii) the entry into, or consummation of the transactions
contemplated or permitted by, the Rollover Commitments (as in effect as of the date
hereof) or new Rollover Commitments executed by any of the parties to the Voting
Agreement, the Voting Agreement and any other agreements solely among the parties to
such agreements in connection with the Merger.”

3. Amendment to Section 2.4(b). Section 2.4(b) of the Rights Agreement is amended to
add the following proviso at the end of such section:

“; provided, however, that notwithstanding the foregoing, no
provision for adjustment shall be made pursuant to this Section 2.4(b) as a result
of (i) the execution of the Merger Agreement or the announcement or consummation of
the transactions contemplated thereby pursuant to the terms of the Merger Agreement
or (ii) the entry into, or consummation of the transactions contemplated or
permitted by, the Rollover Commitments (as in effect as of the date hereof) or new
Rollover Commitments executed by any of the parties to the Voting Agreement, the
Voting Agreement and any other agreements solely among the parties to such
agreements in connection with the Merger.”

4. Definitions. The term “Agreement” or “Rights Agreement” as used in the Rights
Agreement shall be deemed to refer to the Rights Agreement as amended hereby, and all references to
the Agreement or Rights Agreement shall be deemed to include this Amendment.

5. Full Force and Effect. This Amendment shall be effective immediately upon
execution by the Company, whether or not also executed by the Rights Agent. Except as expressly
amended hereby, all of the provisions of the Rights Agreement are hereby ratified and

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confirmed to be in full force and effect in accordance with the provisions thereof on the date
hereof.

     6. Governing Law. This Amendment shall be governed by and construed in accordance
with the law of the State of Nevada applicable to contracts to be made and performed entirely
within such State; provided, however, that the rights and obligations of the Rights Agent shall be
governed by and construed in accordance with the laws of the State of New York applicable to
contracts to be made and performed entirely within such state.

     7. Descriptive Headings. Descriptive headings of the several Sections of this
Amendment are inserted for convenience only and shall not control or affect the meaning or
construction of any of the provisions hereof.

     8. Counterparts. This Agreement may be executed in two or more counterparts, all of
which shall be considered one and the same agreement and shall become effective when one or more
counterparts have been signed by each of the parties and delivered to the other parties.

[Signature Page Follows]

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     IN WITNESS WHEREOF, the Company and the Rights Agent have caused this Amendment to be duly
executed as of the day and year first above written.

	 	 	 	 	 
	 	SWIFT TRANSPORTATION CO., INC.

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

	 	 	 	 	 
	 	MELLON INVESTOR SERVICES LLC

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

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