Document:

EXHIBIT 10.1

TERMINATION OF SIMMONS FIRST NATIONAL
      CORPORATION
LONG TERM INCENTIVE PLAN
    

    
      

      

      

      

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      EXHIBIT 10.1
    

    
      

      

    

    
      TERMINATION OF
SIMMONS FIRST NATIONAL CORPORATION
LONG
      TERM INCENTIVE PLAN
    

    

    

    

    

    
                WHEREAS,
      the Company established the Simmons First National Corporation Long Term
      Incentive Plan ("Plan") on March 24, 2008;
    

    

    

    
                WHEREAS,
      in light of the current economic conditions and the recently adopted
      statutory and regulatory provisions restricting the use of incentive
      compensation by certain financial institutions, the Company has
      determined it is in the best interests of the Company to terminate the
      Plan;
    

    

    

    
                NOW,
      THEREFORE, the undersigned agree as follows:
    

    

    

    
                1.  Termination
      of Plan.  The Plan is hereby terminated and cancelled effective
      on February 23, 2009.
    

    

    

    
                2.  Notice
      to Participants.  All participants in the Plan shall be promptly
      notified in writing of the termination of the Plan.
    

    

    

    
                IN
      WITNESS WHEREOF, a duly authorized officer of the Company has
      executed this instrument this ___ day of _______________, 2009.
    

    
      

      

    

    
    	
           
        	
          
            SIMMONS FIRST NATIONAL CORPORATION
          

        
	

        	

        	
           
        	

        	
          
             
          

        
	

        	

        	

        	

        	
           
        
	

        	
          
            By
          

        	
           
        
	

        	

        	

        	
          
            Title:EXHIBIT 10.2
    

    

    

    
      TERMINATION OF GRANT UNDER SIMMONS FIRST NATIONAL CORPORATION
LONG
      TERM INCENTIVE PLAN TO J. THOMAS MAY
    

    
      

      

      

      

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      EXHIBIT 10.2
    

    
      TERMINATION OF GRANT UNDER
SIMMONS FIRST NATIONAL
      CORPORATION
LONG TERM INCENTIVE PLAN
    

    

    

    

    

    
                WHEREAS,
      J. Thomas May ("Participant") was granted an award under the
      Simmons First National Corporation Long Term Incentive Plan ("Plan")
      for 2008;
    

    

    

    
                WHEREAS,
      the award consisted of $150,162.50 in cash and 5,178 shares of Simmons
      First National Corporation Common Stock ("SFNC Stock");
    

    

    

    
                WHEREAS,
      in light of the current economic conditions and the recently adopted
      statutory and regulatory provisions restricting the use of incentive
      compensation by certain financial institutions, the Company has
      terminated the Plan;
    

    

    

    
                WHEREAS,
      the Company and the Participant have agreed that the Participant's 2008
      grant under the Plan should be terminated and cancelled.
    

    

    

    
                NOW,
      THEREFORE, the undersigned agree as follows:
    

    

    

    
                1.  Termination
      of Grant.  The 2008 LTIP grant to the Participant, consisting
      of  $150,162.50 in cash and 5,178 shares of SFNC Stock, is hereby
      terminated and cancelled, effective February 23, 2009.
    

    

    

    
                IN
      WITNESS WHEREOF, the parties have executed this instrument this ___
      day of _______________, 2009.
    

    
      

      

    

    
    	
           
        	
          
            SIMMONS FIRST NATIONAL CORPORATION
          

        
	

        	

        	
           
        	

        	

        
	

        	

        	

        	

        	
           
        
	

        	
          
            By
          

        	
           
        
	

        	

        	

        	
          
            Title:
          

        	
          
             
          

        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	
           
        	
           
        	
           
        	
           
        
	

        	

        	

        	
          
            J. Thomas MayEXHIBIT 10.3
    

    

    

    
      TERMINATION OF GRANT UNDER SIMMONS FIRST NATIONAL CORPORATION
LONG
      TERM INCENTIVE PLAN TO DAVID L. BARTLETT
    

    
      

      

      

      

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      EXHIBIT 10.3
    

    
      

      

    

    
      TERMINATION OF GRANT UNDER
SIMMONS FIRST NATIONAL
      CORPORATION
LONG TERM INCENTIVE PLAN
    

    

    

    

    

    
                WHEREAS,
      David L. Bartlett ("Participant") was granted an award under
      the Simmons First National Corporation Long Term Incentive Plan ("Plan")
      for 2008;
    

    

    

    
                WHEREAS,
      the award consisted of $91,743.50 in cash and 3,164 shares of Simmons
      First National Corporation Common Stock ("SFNC Stock");
    

    

    

    
                WHEREAS,
      in light of the current economic conditions and the recently adopted
      statutory and regulatory provisions restricting the use of incentive
      compensation by certain financial institutions, the Company has
      terminated the Plan;
    

    

    

    
                WHEREAS,
      the Company and the Participant have agreed that the Participant's 2008
      grant under the Plan should be terminated and cancelled.
    

    

    

    
                NOW,
      THEREFORE, the undersigned agree as follows:
    

    

    

    
                1.  Termination
      of Grant.  The 2008 LTIP grant to the Participant, consisting
      of  $91,743.50 in cash and 3,164 shares of SFNC Stock, is hereby
      terminated and cancelled, effective February 23, 2009.
    

    

    

    
                IN
      WITNESS WHEREOF, the parties have executed this instrument this ___
      day of _______________, 2009.
    

    
      

      

    

    
    	
           
        	
          
            SIMMONS FIRST NATIONAL CORPORATION
          

        
	

        	

        	
           
        	

        	

        
	

        	

        	

        	

        	
           
        
	

        	
          
            By
          

        	
           
        
	

        	

        	

        	
          
            Title:
          

        	
          
             
          

        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	
           
        	
           
        	
           
        	
           
        
	

        	

        	

        	
          
            David L. BartlettEXHIBIT 10.4
    

    

    

    
      TERMINATION OF GRANT UNDER SIMMONS FIRST NATIONAL CORPORATION 
LONG
      TERM INCENTIVE PLAN TO MARTY D. CASTEEL
    

    
      

      

      

      

    

    
      
        

        

      

      
        

        

        
          

        

      

      
        

        

      

    

    

    

    
      EXHIBIT 10.4
    

    
      

      

    

    
      TERMINATION OF GRANT UNDER
SIMMONS FIRST NATIONAL
      CORPORATION
LONG TERM INCENTIVE PLAN
    

    
      

      

    

    
                WHEREAS,
      Marty D. Casteel ("Participant") was granted an award under
      the Simmons First National Corporation Long Term Incentive Plan ("Plan")
      for 2008;
    

    

    

    
                WHEREAS,
      the award consisted of $65,000.00 in cash and 2,241 shares of Simmons
      First National Corporation Common Stock ("SFNC Stock");
    

    

    

    
                WHEREAS,
      in light of the current economic conditions and the recently adopted
      statutory and regulatory provisions restricting the use of incentive
      compensation by certain financial institutions, the Company terminated
      the Plan;
    

    

    

    
                WHEREAS,
      the Company and the Participant have agreed that the Participant's 2008
      grant under the Plan should be terminated and cancelled.
    

    

    

    
                NOW,
      THEREFORE, the undersigned agree as follows:
    

    

    

    
                1.  Termination
      of Grant.  The 2008 LTIP grant to the Participant, consisting
      of  $65,000 in cash and 2,241 shares of SFNC Stock, is hereby terminated
      and cancelled, effective February 23, 2009.
    

    

    

    
                IN
      WITNESS WHEREOF, the parties have executed this instrument this ___
      day of _______________, 2009.
    

    
      

      

    

    
    	
           
        	
          
            SIMMONS FIRST NATIONAL CORPORATION
          

        
	

        	

        	
           
        	

        	

        
	

        	

        	

        	

        	
           
        
	

        	
          
            By
          

        	
           
        
	

        	

        	

        	
          
            Title:
          

        	
          
             
          

        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	

        	

        	

        	
           
        
	

        	
           
        	
           
        	
           
        	
           
        
	

        	

        	

        	
          
            Marty D. Casteel

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