Document:

exv4w0

Exhibit 4.0

(FORM OF STOCK CERTIFICATE — FRONT SIDE)

			
	NUMBER
	 	SHARES
	 	 	 
	COMMON STOCK
	 	CUSIP                            
	(Par Value $.01 Per Share)
	 	See reverse for
	 
	 	certain definitions

HOME FEDERAL BANCORP, INC. OF LOUISIANA

A Louisiana Corporation

     This certifies that                                is the registered holder of                     
fully paid and non-assessable shares of the Common Stock, par value $.01 per share, of Home Federal
Bancorp, Inc., Shreveport, Louisiana (the “Corporation”).

     The shares evidenced by this Certificate are transferable in person or by a duly authorized
attorney or legal representative, upon surrender of this Certificate properly endorsed. This
Certificate and the shares represented hereby are subject to all the provisions of the Articles of
Incorporation and Bylaws of the Corporation and any and all amendments thereto. This Certificate
is not valid unless countersigned by the Transfer Agent and registered by the Registrar. This
security is not a deposit or savings account and is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other Federal or state governmental agency.

     IN WITNESS WHEREOF, the Corporation has caused this Certificate to be executed by the
facsimile signatures of its duly authorized officers and has caused its facsimile seal to be
affixed hereto.

Dated:

	 	 	 	 	 	 	 	 	 

	 

	 	(SEAL)	 	 	 	 	 	 
	 

DeNell W. Mitchell

	 	 	 	 
	 	 

Daniel R. Herndon
	 	 
	Corporate Secretary

	 	 	 	 	 	Chairman of the Board, President	 	 
	 

	 	 	 	 	 	and Chief Executive Officer	 	 

 

 

(FORM OF STOCK CERTIFICATE — BACK SIDE)

     The Corporation is authorized to issue more than one class of stock, including a class of
preferred stock which may be issued in one or more series. The Corporation will furnish to any
shareholder, upon written request and without charge, a full statement of the designations,
preferences, limitations and relative rights of the shares of each class authorized to be issued
and, with respect to the issuance of any preferred stock to be issued in series, the relative
rights and preferences between the shares of each series so far as the rights and preferences have
been fixed and determined and the authority of the Board of Directors to fix and determine the
relative rights and preferences of subsequent series.

     The Articles of Incorporation of the Corporation includes a provision which generally
prohibits any person (including an individual, company or group acting in concert) from directly or
indirectly offering to acquire or acquiring the beneficial ownership of more than 10% of any class
of equity securities of the Corporation. In the event that stock is acquired in violation of this
10% limitation, the excess shares will no longer be counted in determining the total number of
outstanding shares for purposes of any matter involving shareholder action and the Board of
Directors of the Corporation may cause such excess shares to be transferred to an independent
trustee for sale in the open market or otherwise, with the expenses of such sale to be paid out of
the proceeds of the sale.

     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            
          under

        
                  
    
             
       (Cust)          
      
                 
        
      (Minor)

           
                 Uniform Gifts to Minors Act            
                             

(State)

UNIF TRF MIN ACT -       
                           
        Custodian (until age       
              )

(Cust)

                              Under Uniform Transfers to Minors Act
                     

                        (Minor               
                              
                         
         (State)

Additional abbreviations may also be used though not in the above list.

For value received,                                          hereby sell, assign and transfer

PLEASE INSERT SOCIAL SECURITY OR OTHER

TAXPAYER IDENTIFYING NUMBER OF ASSIGNEE

	 	 	 	 	 

	 	|
	 	 	 
	 	 	 	 
	 	 	 	 

unto        
                                 

PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE

 

 

                                 shares of Common Stock represented by this Certificate, and do hereby
irrevocably constitute and appoint                      as Attorney, to transfer the said
shares on the books of the within named Corporation, with full power of substitution.

Dated        
                         ,                     

	 	 	 	 	 

	 

	 	 

Signature
	 	 
	 
	 	 	 	 
	 

	 	 

Signature
	 	 

Notice: The signature(s) to this assignment must correspond with the name(s) written upon the face
of this Certificate in every particular, without alteration or any change whatsoever.exv10w6

Exhibit
10.6

HOME FEDERAL BANK

Description of the Key Features of the Loan Officer Incentive Plan (LOIP)

for

Fiscal Year 2011

Prepared in August of 2010

 

 

HOME FEDERAL BANK

Loan Officer Incentive Compensation Plan (LOIP) Description for Fiscal 2011

I. Plan Purpose — The LOIP is an annual, cash-based variable incentive compensation
plan. It is specifically designed to encourage participants (selected Loan Officers) to produce
results that enable the Bank to reach targeted levels of financial performance for the fiscal year.
The LOIP provides participants with an opportunity to earn variable rewards that are contingent on
the net income (interest and fee income less interest expense) produced from their identified loan
portfolios.

The CEO and the President will use the LOIP as a part of their overall management strategy to
provide direction and encouragement to participants. The LOIP will help control the escalation in
fixed compensation costs and provide participants with an opportunity to enhance their overall
level of compensation. This should better enable the Bank to attract, motivate and retain the
kinds of Loan Officers needed to ensure financial success. It should also create incremental
shareholder value through the generation of enhanced earnings.

The LOIP is administered by the Compensation Committee of the Board of Directors. Under normal
circumstances the plan remains in effect for the current performance period, the fiscal year.
However, the Compensation Committee may discontinue or modify the plan in its sole discretion
subject to the anticipated benefits created thereby.

II.
Performance Period — This is a 12-month plan that is linked with portfolio performance
and loan production targets established for each fiscal year. However, there are semi-annual
payouts. Each year the LOIP is reviewed and modified to ensure it is consistent with the financial
measures in the annual business plan. Any financial measures that are related to lending
performance in the LOIP are reviewed each year and adjusted to coincide with changes in
participants, their compensation and the LOIP formula.

2

 

III.
Plan Participants — The LOIP is intended for certain Loan Officers. The CEO and the
President will review the Loan Officers at the beginning of each fiscal year and select those who
they propose to participate in the LOIP. Recommended participants are presented to the
Compensation Committee for approval. The list of participating Loan Officers will be maintained in
the records of the Compensation Committee. Participants who join the bank during the targeted
fiscal year may have special arrangement during the time they are developing their portfolios.

IV.
Participation Levels — For FY 2011 participants will receive 4.00% of the net interest
income (interest income less interest expense) from loans identified as having been originated by
the particular Loan Officer prior to the beginning of the current fiscal year. Participants also
receive 6.00% of the net interest income (interest income less interest expense) plus fee income
from loans originated during the performance period. The CEO and the President will review the
participation percentages at the beginning of each fiscal year and recommend any needed
modifications to the Compensation Committee.

V.
Plan Formula — For fiscal 2011 portfolio performance is calculated for each
participating Loan Officer to ensure an accurate determination of portfolio performance. A sample
calculation is provided on an attached spreadsheet.

Cumulative interest income from loans existing at the beginning of the performance period is
calculated. Interest expense, equal to loan volume times the most recently available average cost
of funds for the Bank, is deducted from interest income to determine Loan Officer contribution.
Loan Officer contribution is multiplied by the portfolio rating to calculate the income base. The
income base is multiplied by 4.00% to determine the incentive award from existing loans.

Cumulative interest income from new loans (those originated during the performance period) is
calculated. Interest expense, equal to loan volume times the most recently available average cost
of funds for the Bank, is deducted from interest income to determine net interest income.
Origination fee income is also added to determine Loan Officer contribution. Loan Officer
contribution is multiplied by the portfolio rating to calculate the income base. The income base
is multiplied by 6.00% to determine the incentive award from new loans.

The incentive awards from existing loans and new loans are added to determine the total award
payment.

VI.
Loan Portfolio Performance — Loan portfolio performance is calculated to help ensure
that asset quality targets are met. The portfolio quality guidelines are established by the CEO
and the President with input from the Senior Loan Officer.

3

 

VII. Plan Communications — Following approval of the LOIP by the Compensation Committee,
the CEO and the President will ensure that all participants are notified of their participation,
target awards, the plan formula, how incentive awards are calculated and what they may do to
positively influence the size of their awards. During the performance period the CEO and the
President will ensure that all participants are provided with periodic updates on the status of the
LOIP. This enables participants to project the formula awards for which they are potentially
eligible.

VIII.
Award Determination — Awards are calculated on a semi-annual basis. The first
calculation is made in January, for the period from July 1 through December 31. The second
calculation is made in July, for the period from January 1 through June 30. The award for the
first six month is based on portfolio performance for that period. The calculation for the second
six months is made for the performance period, the fiscal year, less the calculation for the first
six months.

IX. Award Payments — As soon as practical, following approval by the Compensation
Committee, incentive awards are paid. The first payment is normally made in February, following
approval by the Compensation Committee. The second payment is normally made in August, following
approval by the Compensation Committee. The payments are made by separate check and specifically
designated as incentive awards. In order to receive award payments, participants must be employed
in good standing when the payments are made.

X. LOIP Review —  In June of each year in which the LOIP is in effect, the CEO and the
President, with input from the CFO, will review the LOIP and determine whether modifications should
be proposed for the fiscal year commencing on July 1. Any modifications are reviewed and approved
by the Compensation Committee. The CEO and the President ensure that all participants are informed
about any changes in the plan.

XI,
CEO, President and Compensation Committee Discretion — The guidelines for the LOIP
build structure into the incentive compensation determination process. Along with the guidelines,
a certain amount of common sense and discretion are frequently needed. The CEO and the President
have the discretion to recommend certain awards to the Compensation Committee, should they be
warranted. Similarly, members of the Compensation Committee may recommend certain discretionary
awards. This is in keeping with good compensation management practices.

4

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