Document:

Form of Restricted Stock Award Agreement

 Exhibit 10.4 
 RESTRICTED STOCK AWARD AGREEMENT 
 PLAINSCAPITAL CORPORATION

 2009 LONG-TERM INCENTIVE PLAN 
 1. Grant of Award. Pursuant to the PlainsCapital Corporation 2009 Long-Term Incentive Plan (the “Plan”) for Employees and Outside Directors of Plains Capital Corporation, a
Texas corporation (the “Company”), the Company grants to 
  

 
 (the
“Participant”), 
 effective as of
                (the “Date of Grant”), an award of            shares of
Restricted Stock (the “Awarded Shares”), subject to the terms and conditions of this Agreement. 
 2.
Subject to Plan. This Agreement is subject to the terms and conditions of the Plan, and the terms of the Plan shall control to the extent not otherwise inconsistent with the provisions of this Agreement. To the extent the terms of the Plan
are inconsistent with the provisions of this Agreement, the Plan shall control. The capitalized terms used herein that are defined in the Plan shall have the meanings assigned to them in the Plan. This Agreement is subject to any rules promulgated
pursuant to the Plan by the Board or the Committee and communicated to the Participant in writing. 
 3. Vesting. Except
as specifically provided in this Agreement, including, without limitation, the limitations on the grant herein set forth in Section 2, the Awarded Shares shall be vested as follows: 

a.                 percent
(            %) of the total Awarded Shares shall vest on             , provided the Participant is employed by (or, if the
Participant is an Outside Director, is providing services to) the Company or a Subsidiary on that date. 
 b. An
additional                 percent (             %) of the total Awarded Shares shall vest on
            , provided the Participant is employed by (or, if the Participant is an Outside Director, is providing services to) the Company or a Subsidiary on that date. 

c. The remaining                
percent (             %) of the total Awarded Shares shall vest on                 , provided the
Participant is employed by (or, if the Participant is an Outside Director, is providing services to) the Company or a Subsidiary on that date. 

[Optional: Notwithstanding the foregoing, the vesting of all Awarded Shares shall automatically accelerate in full upon the occurrence of a Change in
Control.] 
 4. Forfeiture of Awarded Shares. Awarded Shares that are not vested in accordance with
Section 3 shall be forfeited on the date of the Participant’s Termination of Service with the Company. Upon forfeiture, all of the Participant’s rights with respect to the forfeited Awarded Shares shall cease and terminate,
without any further obligations on the part of the Company. The Company may, in its sole discretion, elect to pay the Participant, as soon as practicable after the event causing forfeiture, in cash, an amount equal to the lesser of the total
consideration paid by the Participant for such forfeited shares or the Fair Market Value of such forfeited shares as of the date of such Termination of Service, as the Committee, in its sole discretion shall select. 

 5. Restrictions on Awarded Shares. Subject to the provisions of the Plan and the
terms of this Agreement, from the Date of Grant until the date the Awarded Shares are vested in accordance with Section 3 and are no longer subject to forfeiture in accordance with Section 4 (the “Restriction
Period”), the Participant shall not be permitted to sell, transfer, pledge, hypothecate, margin, assign or otherwise encumber any of the Awarded Shares. Except for these limitations, the Committee may in its sole discretion, remove any
or all of the restrictions on such Awarded Shares whenever it may determine that, by reason of changes in applicable laws or changes in circumstances after the date of this Agreement, such action is appropriate. 

6. Legend. The following legend shall be placed on all certificates representing Awarded Shares: 

On the face of the certificate: 
 “Transfer of this stock is restricted in accordance with conditions printed on the reverse of this certificate.” 

On the reverse: 
 “The shares of stock evidenced by this certificate are subject to and transferable only in accordance with the terms and conditions of that certain PlainsCapital Corporation 2009 Long-Term Incentive
Plan, a copy of which is on file at the principal office of the Company in Dallas, Texas and that certain Restricted Stock Award Agreement dated as of             , by and between the
Company and                 . No transfer or pledge of the shares evidenced hereby may be made except in accordance with and subject to the provisions of said Plan and
Award Agreement. By acceptance of this certificate, any holder, transferee or pledgee hereof agrees to be bound by all of the provisions of said Plan and Award Agreement.” 

All Awarded Shares owned by the Participant shall be subject to the terms of this Agreement and shall be represented by a certificate or
certificates bearing the foregoing legend. 
 7. Delivery of Certificates. Certificates for Awarded Shares shall be
retained in the physical possession of the Company until such Awarded Shares are free of restriction under this Agreement. Certificates for Awarded Shares shall be delivered to the Participant promptly after, and only after, the Restriction Period
has expired without forfeiture pursuant to Section 4. In connection with the issuance of a certificate for Restricted Stock, the Participant shall endorse such certificate in blank or execute a stock power in a form satisfactory to the
Company in blank and deliver such certificate and executed stock power to the Company. 
 8. Voting. Subject to
Section 4 and Section 5 above, the Participant, as record holder of the Awarded Shares, has all of the rights of a shareholder of the Company, including the right to vote the shares, and the right to receive any dividends
thereon; provided, however, that this Section 8 shall not create any voting right where the holders of such Awarded Shares otherwise have no such right. 

9. Adjustment of Number of Awarded Shares and Related Matters. The number of Awarded Shares shall be subject to adjustment in
accordance with Articles 12—14 of the Plan. 

  
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 10. Specific Performance. The parties acknowledge that remedies at law will be
inadequate remedies for breach of this Agreement and consequently agree that this Agreement shall be enforceable by specific performance. The remedy of specific performance shall be cumulative of all of the rights and remedies at law or in equity of
the parties under this Agreement. 
 11. Limitation on Rights Conferred under this Agreement. Nothing herein shall
require the Company to issue any shares with respect to this Agreement if that issuance would, in the opinion of counsel for the Company, constitute a violation of the Securities Act or any similar or superseding statute or statutes, any other
applicable statute or regulation, or the rules of any applicable securities exchange or securities association, as then in effect. The Company may, as a condition precedent to settlement of this Award, require from the Participant (or in the event
of his death, his legal representatives, heirs, legatees, or distributees) representations, if any, concerning the holder’s intentions with regard to the retention or disposition of the shares of Common Stock being acquired pursuant to this
Agreement and such written covenants and agreements, if any, as to the manner of disposal of such shares as, in the opinion of counsel to the Company, may be necessary to ensure that any disposition by that holder (or in the event of the
holder’s death, his legal representatives, heirs, legatees, or distributees) is not a violation of the Securities Act or any similar or superseding statute or statutes, any other applicable state or federal statute or regulation, or any rule of
any applicable securities exchange or securities association, as then in effect. 
 12. The Participant’s
Acknowledgments. The Participant acknowledges receipt of a copy of the Plan which is annexed hereto, and represents that he or she is familiar with the terms and provisions thereof, and hereby accepts these Awarded Shares subject to all of the
terms and provisions thereof. The Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Committee or the Board, as appropriate, upon any questions arising under this Agreement. 

13. Law Governing. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Texas
(excluding any conflict of laws rule or principle of Texas law that might refer the governance, construction, or interpretation of this agreement to the laws of another state). 

14. No Right to Continue Service or Employment. Nothing herein shall be construed to confer upon the Participant the right to
continue in the employ or to provide services to the Company or any Subsidiary, whether as an Employee or as an Outside Director, or interfere with or restrict in any way the right of the Company or any Subsidiary to discharge the Participant as an
Employee or Outside Director at any time. 
 15. Legal Construction. In the event that any one or more of the terms,
provisions, or agreements that are contained in this Agreement shall be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid, illegal, or unenforceable term, provision, or
agreement shall not affect any other term, provision, or agreement that is contained in this Agreement and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or agreement had never been
contained herein. 
 16. Covenants and Agreements as Independent Agreements. Each of the covenants and agreements that
are set forth in this Agreement shall be construed as a covenant and agreement independent of any other provision of this Agreement. The existence of any claim or cause of action of the Participant against the Company, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and agreements that are set forth in this Agreement. 
 17. Entire Agreement. This Agreement supersedes any and all other prior understandings and agreements, either oral or in writing, between the parties with respect to the subject matter hereof and
constitute the sole and only agreements between the parties with respect to the said subject matter. All prior 

  
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negotiations and agreements between the parties with respect to the subject matter hereof are merged into this Agreement. Each party to this Agreement acknowledges that no representations,
inducements, promises, or agreements, orally or otherwise, have been made by any party or by anyone acting on behalf of any party, which are not embodied in this Agreement or the Plan and that any agreement, statement or promise that is not
contained in this Agreement or the Plan shall not be valid or binding or of any force or effect. 
 18. Parties Bound.
The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, and permitted
successors and assigns, subject to the limitation on assignment expressly set forth herein. No person or entity shall be permitted to acquire any Awarded Shares without first executing and delivering an agreement in the form satisfactory to the
Company making such person or entity subject to the restrictions on transfer contained herein. 
 19. Modification. No
change or modification of this Agreement shall be valid or binding upon the parties unless the change or modification is in writing and signed by the parties. Notwithstanding the preceding sentence, the Company may amend the Plan to the extent
permitted by the Plan. 
 20. Headings. The headings that are used in this Agreement are used for reference and
convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement. 
 21. Gender and Number. Words of any gender used in this Agreement shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and
vice versa, unless the context requires otherwise. 
 22. Notice. Any notice required or permitted to be delivered
hereunder shall be deemed to be delivered only when actually received by the Company or by the Participant, as the case may be, at the addresses set forth below, or at such other addresses as they have theretofore specified by written notice
delivered in accordance herewith: 
  

	 	(a)	Notice to the Company shall be addressed and delivered as follows: 

 Plains Capital Corporation 
 2323 Victory Avenue, Suite 1400 

Dallas, TX 75219 
 Attn: 
 Facsimile: 

 

	 	(b)	Notice to the Participant shall be addressed and delivered as set forth on the signature page. 

23. Tax Requirements. The Participant is hereby advised to consult immediately with his own tax advisor regarding the tax
consequences of this Agreement, the method and timing for filing an election to include this Agreement in income under Section 83(b) of the Code, and the tax consequences of such election. By execution of this Agreement, the Participant agrees
that if the Participant makes such an election, the Participant shall provide the Company with written notice of such election in accordance with the regulations promulgated under Section 83(b) of the Code. The Company and any Subsidiary is
authorized to withhold from the Awarded Shares, amounts of withholding and other taxes due or potentially payable in connection with any transaction involving this Agreement, and to take such other action as the Committee may deem advisable to
enable the Company and the Participant to satisfy obligations for the 

  
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payment of withholding taxes and other tax obligations relating to this Agreement. This authority shall include authority to withhold or receive Common Stock or other property and to make cash
payments in respect thereof in satisfaction of the Participant’s tax obligations, either on a mandatory or elective basis in the discretion of the Committee. The Company may, in its sole discretion, withhold any such taxes from any other cash
remuneration otherwise paid by the Company to the Participant. 
 ******************* 

  
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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly authorized officer, and
the Participant, to evidence his consent and approval of all the terms hereof, has duly executed this Agreement, as of the date specified in Section 1 hereof. 

 

			
	 COMPANY
  

PLAINS CAPITAL CORPORATION

		
	By:	 	 
	Name:	 	
	Title:	 	

  

			
	PARTICIPANT:
		
	 	 	 
	Signature
		
	Name:	 	
		
	Address:	 	
	
	
	
	

  
 - 6 -Form of Restricted Stock Unit Award Agreement

 Exhibit 10.5 
 RESTRICTED STOCK UNIT AWARD AGREEMENT 
 PLAINSCAPITAL CORPORATION

 2009 LONG-TERM INCENTIVE PLAN 
 1. Grant of Award. Pursuant to the PlainsCapital Corporation 2009 Long-Term Incentive Plan (the “Plan”) for Employees and Outside Directors of PlainsCapital Corporation, a
Texas corporation (the “Company”), the Company grants to 
  

 
 (the
“Participant”) 
 an Award under the Plan for
            (            ) Restricted Stock Units (the “Awarded Units”) which may be converted into the
number of shares of Common Stock of the Company equal to the number of Restricted Stock Units, subject to the terms and conditions of the Plan and this Restricted Stock Unit Award Agreement (this “Agreement”). The
“Date of Grant” of this Restricted Stock Unit Award is             , 20            . Each Awarded
Unit shall be a notional share of Common Stock, with the value of each Awarded Unit being equal to the Fair Market Value of a share of Common Stock at any time. 
 2. Subject to Plan. This Agreement is subject to the terms and conditions of the Plan, and the terms of the Plan shall control to the extent not otherwise inconsistent with the provisions of this
Agreement. To the extent the terms of the Plan are inconsistent with the provisions of this Agreement, the Plan shall control. The capitalized terms used herein that are defined in the Plan shall have the meanings assigned to them in the Plan. This
Agreement is subject to any rules promulgated pursuant to the Plan by the Board or the Committee and communicated to the Participant in writing. 
 3. Vesting, Forfeiture and Disgorgement. 
 a. Except as
specifically provided in this Agreement and subject to certain restrictions and conditions set forth in the Plan, one hundred percent (100%) of the Awarded Units shall vest on the fifth anniversary of the Date of Grant; provided that the
Participant is employed by (or if the Participant is an Outside Director, is providing services to) the Company or a Subsidiary on such date. Notwithstanding the foregoing and subject to the provisions of this Section 3.a., Unvested RSUs
shall become Vested RSUs as follows: 
 i. one hundred percent (100%) of the Awarded Units immediately shall
vest on the occurrence of a Change in Control; 
 ii. one hundred percent (100%) of the Awarded Units
immediately shall vest on the Participant’s death; 
 iii. a pro-rata portion of the
Awarded Units shall vest on the Participant’s Retirement, based on the number of full years between the Date of Grant and the date of the Participant’s Retirement plus an additional year for the year in which the Retirement occurs, if such
Retirement or occurs on or after the one hundred eighty-third (183rd) day of such year. For purposes of this Section 3.a.iii., “years” shall be determined based on the twelve (12) month period beginning on the Date of Grant; and 

iv. a pro-rata portion of the Awarded Units shall vest on the Participant’s Total and Permanent Disability, based on
the number of full years between the Date of Grant and the date of the Participant’s Total and Permanent Disability plus an additional year for the 

 
year in which the Total and Permanent Disability occurs, if such Total and Permanent Disability occurs on or after the one hundred eighty-third (183rd) day of such year. For purposes of this
Section 3.a.iv., “years” shall be determined based on the twelve (12) month period beginning on the Date of Grant; and 
 Notwithstanding the foregoing, in no event shall any Awarded Units become vested if the Participant is not employed by (or, if the Participant is an Outside Director, is not providing services to) the
Company or a Subsidiary on the applicable vesting date. 
 For purposes of this Agreement, “Retirement”
shall mean any Termination of Service (other than a termination for Cause (as defined below) or due to the Participant’s death or Total and Permanent Disability) upon or after attainment of age sixty-two (62). 

Awarded Units which have become vested pursuant to the terms of this Section 3 are collectively referred to herein as
“Vested RSUs.” All other Awarded Units are collectively referred to herein as “Unvested RSUs.” 
 Upon forfeiture, all of the Participant’s rights with respect to the forfeited Unvested RSUs shall cease and terminate, without any further obligations on the part of the Company. 

b. Notwithstanding the vesting provisions set forth in Section 3.a. above, the Participant’s Vested RSUs
shall be deemed to have forfeited upon the earlier of the following events, prior to conversion of the Vested RSUs into shares of Common Stock: 
 i. the date of the Participant’s Termination of Service for “Cause” (as defined below); or 
 ii. the date the Board, in its sole discretion, determines that the Participant has violated any of the restrictive covenants contained in [Sections 13, 14, or 15] of the Participant’s employment
agreement with the Company. 
 Upon forfeiture, all of the Participant’s rights with respect to the
forfeited Vested RSUs shall cease and terminate, without any further obligations on the part of the Company. 

c. For purposes of this Agreement, “Cause” shall have the meaning set forth in the
Participant’s employment agreement with the Company, in effect at the time of such Termination of Service, or if no such employment agreement is then in effect, “Cause” means the Participant shall have committed any of
the following: 
 i. an intentional act of fraud, embezzlement or theft in connection with his duties or in the
course of his employment with the Company; 
 ii. intentional wrongful damage to property of the Company;

 iii. intentional wrongful disclosure of trade secrets or confidential information of the Company; 

iv. intentional violation of any law, rule or regulation (other than traffic violations or similar offenses) or final
cease and desist order in connection with his duties or in the course of his employment with the Company; 

  
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 v. intentional breach of fiduciary duty owed to the Company involving
personal profit; or 
 vi. intentional action or inaction which causes material economic harm to the Company.

 The directors of the Company shall determine if any such above listed act has been materially harmful to the
Company. For the purposes of this Agreement, no act, or failure to act, on the part of the Participant shall be deemed “intentional” unless done, or omitted to be done, by the Participant in bad faith and without reasonable belief that his
action or omission was in the best interest of the Company. Notwithstanding the foregoing the Participant shall not be deemed to have been terminated for “Cause” hereunder unless and until there shall have been delivered to the Participant
a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters of the Directors then in office at a meeting of the Directors called and held for such purpose (after reasonable notice to the Participant and an opportunity
for the Participant, together with his counsel to be heard before the Directors), finding that in the good faith opinion of the Directors, the Participant had committed an act set forth above in this Section 3.d. and specifying the
particulars thereof in detail. 
 4. Conversion of Vested RSUs. On the first to occur of: (i) the fifth anniversary
of the Date of Grant or (ii) the effective date of a Change in Control, the Company shall convert the Vested RSUs into the number of whole shares of Common Stock equal to the number of Vested RSUs, subject to the provisions of the Plan and this
Agreement, including without limitation, the forfeiture provisions of Section 3.c., and shall issue certificates for the number of shares of Common Stock equal to the Vested RSUs in the Participant’s name. Notwithstanding the
foregoing, the Company shall convert any Awarded Units that become Vested RSUs as a result of the Participant’s death into the number of whole shares of Common Stock equal to the number of Vested RSUs within thirty (30) days following the
Participant’s death, subject to the provisions of the Plan and this Agreement, and shall issue certificates for the number of shares of Common Stock equal to the Vested RSUs in the Participant’s name. From and after the date of receipt of
such shares, the Participant or the Participant’s estate, personal representative or beneficiary, as the case may be, shall have full rights of transfer or resale with respect to such stock subject to applicable state and federal regulations.

 Notwithstanding the foregoing, in the event of Section 3.c.ii. above, in addition to the forfeiture of any Vested
RSUs, 
 x. the Participant shall immediately tender to the Company all Awarded Units that became Vested RSUs
within the 180-day period preceding the date of such event that are still owned on the date of such event; and 

y. the Participant shall immediately pay to the Company any gain that the Participant realized on the sale of any Vested
RSUs that were sold by the Participant within the 180-day period preceding the date of such event or the one-year period following the date of such event. 
 5. Who May Receive Converted Vested RSUs. During the lifetime of the Participant, the Common Stock received upon conversion of Vested RSUs may only be received by the Participant or his legal
representative. If the Participant dies prior to the date his Vested RSUs are converted into shares of Common Stock as described in Section 4 above, the Common Stock relating to such converted Vested RSUs may be received by any
individual who is entitled to receive the property of the Participant pursuant to the applicable laws of descent and distribution. 
 6. No Fractional Shares. Vested RSUs may be converted only with respect to full shares, and no fractional share of stock shall be issued. 

  
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 7. Rights as Shareholder. The Participant will have no rights as a shareholder with
respect to any shares covered by this Agreement until the issuance of certificate for such shares in the Participant’s name with respect to the Awarded Units. The Awarded Units shall be subject to the terms and conditions of this Agreement
regarding such shares. Except as otherwise provided in Section 8, hereof, no adjustment shall be made for dividends of other rights for which record date is prior to the registration of shares in the Participant’s name. 

8. Adjustment of Number of Awarded Units and Related Matters. The number of Awarded Units shall be subject to adjustment in
accordance with Articles 12-14 of the Plan. 
 9. Participant’s Representations. Notwithstanding any of the
provisions hereof, the Participant hereby agrees that he will not acquire any Awarded Units, and that the Company will not be obligated to issue any Awarded Units to the Participant hereunder, if the issuance of such shares shall constitute a
violation by the Participant or the Company of any provision of any law or regulation of any governmental authority. Any determination in this connection by the Company shall be final, binding, and conclusive. The obligations of the Company and the
rights of the Participant are subject to all applicable laws, rules, and regulations. 
 10. Participant’s
Acknowledgments. The Participant acknowledges receipt of a copy of the Plan, which is annexed hereto, and represents that he is familiar with the terms and provisions thereof, and hereby accepts this Award subject to all of the terms and
provisions thereof. The Participant hereby agrees to accept as binding, conclusive, and final all decisions or interpretations of the Committee or the Board, as appropriate, upon any questions arising under this Agreement. 

11. Specific Performance. The parties acknowledge that remedies at law will be inadequate remedies for breach of this Agreement
and consequently agree that this Agreement shall be enforceable by specific performance. The remedy of specific performance shall be cumulative of all of the rights and remedies at law or in equity of the parties under this Agreement. 

12. Law Governing. This Agreement shall be governed by, construed, and enforced in accordance with the laws of the State of Texas
(excluding any conflict of laws rule or principle of Texas law that might refer the governance, construction, or interpretation of this Agreement to the laws of another state). 

13. No Right to Continue Service or Employment. Nothing herein shall be construed to confer upon the Participant the right to
continue in the employ or to provide services to the Company or any Subsidiary, whether as an Employee or as an Outside Director, or interfere with or restrict in any way the right of the Company or any Subsidiary to discharge the Participant as an
Employee or Outside Director at any time. 
 14. Legal Construction. In the event that any one or more of the terms,
provisions, or agreements that are contained in this Agreement shall be held by a court of competent jurisdiction to be invalid, illegal, or unenforceable in any respect for any reason, the invalid, illegal, or unenforceable term, provision, or
agreement shall not affect any other term, provision, or agreement that is contained in this Agreement and this Agreement shall be construed in all respects as if the invalid, illegal, or unenforceable term, provision, or agreement had never been
contained herein. 
 15. Covenants and Agreements as Independent Agreements. Each of the covenants and agreements that
are set forth in this Agreement shall be construed as a covenant and agreement independent of any other provision of this Agreement. The existence of any claim or cause of action of the Participant against the Company, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by the Company of the covenants and agreements that are set forth in this Agreement. 

  
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 16. Entire Agreement. This Agreement supersedes any and all other prior
understandings and agreements, either oral or in writing, between the parties with respect to the subject matter hereof and constitutes the sole and only agreements between the parties with respect to the said subject matter. All prior negotiations
and agreements between the parties with respect to the subject matter hereof are merged into this Agreement. Each party to this Agreement acknowledges that no representations, inducements, promises, or agreements, orally or otherwise, have been made
by any party or by anyone acting on behalf of any party, which are not embodied in this Agreement or the Plan and that any agreement, statement or promise that is not contained in this Agreement or the Plan shall not be valid or binding or of any
force or effect. 
 17. Counterparts. This Agreement may be executed in separate counterparts, each of which shall be
deemed to be an original and all of which taken together shall constitute one and the same agreement. 
 18. Parties
Bound. The terms, provisions, and agreements that are contained in this Agreement shall apply to, be binding upon, and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, and
permitted successors and assigns, subject to the limitation on assignment expressly set forth herein. No person or entity shall be permitted to acquire any Awarded Units without first executing and delivering an agreement in the form satisfactory to
the Company making such person or entity subject to the restrictions on transfer contained herein. 
 19. Waiver. Neither
the failure nor any delay on the part of any party to exercise any right, remedy, power or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy, power or privilege preclude
any other or further exercise of the same or of any right, remedy, power or privilege, nor shall any waiver of any right, remedy, power, or privilege with respect to any occurrence be construed as a waiver of such right, remedy, power or privilege
with respect to any other occurrence. 
 20. Modification. No change or modification of this Agreement shall be valid or
binding upon the parties unless the change or modification is in writing and signed by the parties; provided, however, that the Company may change or modify this Agreement without the Participant’s consent or signature if the Company
determines, in its sole discretion, that such change or modification is necessary for purposes of compliance with or exemption from the requirements of Section 409A of the Code or any regulations or other guidance issued thereunder.
Notwithstanding the preceding sentence, the Company may amend the Plan to the extent permitted by the Plan. 
 21.
Headings. The headings that are used in this Agreement are used for reference and convenience purposes only and do not constitute substantive matters to be considered in construing the terms and provisions of this Agreement. 

22. Gender and Number. Words of any gender used in this Agreement shall be held and construed to include any other gender, and
words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. 
 23.
Notice. Any notice required or permitted to be delivered hereunder shall be deemed to be delivered only when actually received by the Company or by the Participant, as the case may be, at the addresses set forth below, or at such other
addresses as they have theretofore specified by written notice delivered in accordance herewith: 

  
 5 

 a. Notice to the Company shall be addressed and delivered as follows:

 PlainsCapital Corporation 
 2323 Victory Avenue, Suite 1400 
 Dallas, TX 75219 

Attn:
                                 

Facsimile:
                                 

b. Notice to the Participant shall be addressed and delivered as set forth on the signature page. 

24. Tax Requirements. The Participant is hereby advised to consult immediately with his own tax advisor regarding the tax
consequences of this Agreement. Unless the Company otherwise consents in writing to an alternative withholding method, the Company, or if applicable, any Subsidiary (for purposes of this Section 24, the term
“Company” shall be deemed to include any applicable Subsidiary) shall withhold the number of shares to be delivered upon the conversion of the Vested RSUs with an aggregate Fair Market Value that equals (but does not exceed)
the amount of any Federal, state, provincial, local, or other taxes required by law to be withheld in connection with this Award. The Company, in its sole discretion and prior to the date of conversion, may also permit the Participant receiving
shares of Common Stock upon conversion of Vested RSUs to pay the Company the amount of any taxes that the Company is required to withhold in connection with the Participant’s income arising with respect to this Award. Such payments shall be
required to be made prior to the delivery of any certificate representing shares of Common Stock. Such payment, if the Company, in its sole discretion, so consents in writing, may be made (i) by the delivery of cash to the Company in an amount
that equals or exceeds the required tax withholding obligations of the Company; (ii) if the Company, in its sole discretion, so consents in writing, the actual delivery by the Participant to the Company of shares of Common Stock, other than
Common Stock that the Participant has acquired from the Company within six (6) months prior thereto, which shares so delivered have an aggregate Fair Market Value that equals or exceeds the required tax withholding payment; or (iii) if the
Company, in its sole discretion, so consents in writing, the Company’s withholding of a number of shares to be delivered upon the conversion of Vested RSUs, which shares so withheld have an aggregate Fair Market Value that equals (but does not
exceed) the required tax withholding payment; or (iv) any combination of (i), (ii), or (iii). The Company also may, in its sole discretion, withhold any such taxes from any other cash remuneration otherwise paid by the Company to the
Participant. 
 25. Compliance with Section 409A. The Awarded Units granted under this Agreement are intended to be
exempt from Section 409A of the Code or in compliance with Section 409A of the Code, and the provisions of this Agreement will be administered, interpreted and construed accordingly. Notwithstanding anything to the contrary contained
herein, in the event any distribution made on account of the Participant’s Termination of Service as provided in Section 3 is deemed to be subject to (and not otherwise exempt from) the requirements of Section 409A of the Code
and the Participant is deemed a “key employee” (as defined by Section 416(i) of the Code, disregarding Section 416(i)(5) of the Code), then the Participant shall not be entitled to any such distributions that are subject to
Section 409A of the Code until the earliest of: (i) the first day of the seventh month following his or her Termination of Service; (ii) the date of his or her death; or (iii) such earlier date as complies with the requirements
of Section 409A of the Code. 
 [Signature Page to Follow] 

  
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 IN WITNESS WHEREOF, the Company has caused this Agreement to be executed by its duly
authorized officer, and the Participant, to evidence his consent and approval of all the terms hereof, has duly executed this Agreement, as of the date specified in Section 1 hereof. 

			
	 COMPANY:
  

PLAINSCAPITAL CORPORATION

		
	By:	 	 
	 Name:
	 	
	Title:	 	

  

			
	PARTICIPANT:
		
	 	 	 
	Signature
		
	Name:	 	

 
			
	Address:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00196-of-00352.parquet"}]]