Document:

EXHIBIT 10(11)

                                                                 _______________

                      NON-QUALIFIED STOCK OPTION AGREEMENT
               UNDER THE UNION COMMUNITY BANCORP STOCK OPTION PLAN

_______________:

     You are  hereby  granted  the option to  purchase  a total of  ____________
shares of the  Common  Stock,  without  par  value  ("Common  Stock"),  of Union
Community  Bancorp  ("UB") over the next ten years pursuant to UB's Stock Option
Plan (the "Plan"), on the following terms and conditions:

     1. The purchase  price of the shares of Common Stock subject to this option
is $____________ per share. You must pay this purchase price in cash at the time
this option is  exercised;  provided,  however  that,  with the approval of UB's
Stock Compensation Committee (the "Committee"),  you may exercise your option by
tendering  to UB  whole  shares  of UB's  Common  Stock  owned  by  you,  or any
combination of whole shares of UB's Common Stock owned by you and cash, having a
fair market value equal to the cash exercise price of the shares with respect to
which the option is exercised by you. For this  purpose,  any shares so tendered
shall be  deemed  to have a fair  market  value  equal to the mean  between  the
highest and lowest quoted  selling prices for the shares on the date of exercise
of the option (or if there  were no sales on such date the  weighted  average of
the means  between the highest and lowest quoted  selling  prices on the nearest
date before and the nearest date after the date of exercise of the  option),  as
reported in The Wall  Street  Journal or a similar  publication  selected by the
Committee.  To exercise  this option,  you must send written  notice to the UB's
Secretary at the address noted in Section 10 hereof. Such notice shall state the
number of shares  in  respect  of which  the  option is being  exercised,  shall
identify the option  exercised as a  non-qualified  stock  option,  and shall be
signed by the person or persons so exercising  the option.  Such notice shall be
accompanied  by payment of the full cash option price for such shares or, if the
Committee has authorized  the use of the stock swap feature  provided for above,
such  notice  shall be followed as soon as  practicable  by the  delivery of the
option price for such  shares.  Certificates  evidencing  shares of Common Stock
will not be  delivered  to you  until  payment  has  been  made.  Under  certain
circumstances,  the Plan  permits  you to  deliver  a notice  to your  broker to
deliver  the cash to UB upon the receipt of such cash from the sale of UB Common
Stock.  Contact the Secretary of UB for further information about this procedure
if you are interested in it.

     2. The term of this option (the "Option Term") shall be for a period of ten
years from the date of this letter,  subject to earlier  termination as provided
in paragraphs 3 and 4 hereof.  Except as otherwise  provided  below,  the option
shall  become  exercisable  with respect to the first 20% of the total number of
shares covered hereby on the first  anniversary of the date of this letter,  and
the option shall become  exercisable with respect to the second,  third,  fourth
and  fifth  20%  of  such  shares  on  the  second,   third,  fourth  and  fifth
anniversaries, respectively, of the date of this letter. When the option becomes
exercisable  with  respect to any shares of Common  Stock,  those  shares may be
purchased  at any  time,  or from time to time,  in whole or in part,  until

<PAGE>

the  Option  Term  expires,  but in no case may  fewer  than 100 such  shares be
purchased  at any one time,  except to  purchase  a  residue  of fewer  than 100
shares.  Notwithstanding the foregoing or any other provision herein, the option
may not be exercised during the first six months of the Option Term.

     3. If you cease to be an employee of UB or any of its  subsidiaries for any
reason other than retirement,  permanent and total  disability,  or death,  this
option  shall  forthwith  terminate.  If  your  employment  by UB or  any of its
subsidiaries is terminated by reason of retirement (which means such termination
of employment as shall entitle you to early or normal retirement  benefits under
any  then  existing  pension  plan  of UB or one of its  subsidiaries),  you may
exercise  this  option  to the  extent  it was  exercisable  at the date of your
retirement in whole or in part within three years after such retirement, but not
later than the date upon which this option  would  otherwise  expire;  provided,
however,  that if you are a director or a director  emeritus at the time of your
retirement,  you may exercise this option in whole or in part until the later of
(a) three  years  after your date of  retirement  or (b) six  months  after your
service as a director and/or director  emeritus  terminates,  but not later than
the date upon which this option would  otherwise  expire.  If you cease to be an
employee of UB or any of its  subsidiaries  because of your  permanent and total
disability,  you may exercise this option in whole or in part at any time within
one year after such termination of employment by reason of such disability,  but
not later than the date upon which this option would otherwise expire.

     4. If you die while employed by UB or any of its subsidiaries, within three
years after the  termination of your  employment  because of retirement  (or, if
later,  six months  following  your  termination  of  service  as a director  or
director  emeritus  of UB),  or within  one year after the  termination  of your
employment  because  of  permanent  and total  disability,  this  option  may be
exercised  in  whole  or in part  by your  executor,  administrator,  or  estate
beneficiaries  at any time  within one (1) year after the date of your death but
not later than the date upon which this option would otherwise expire.

     5. This option is  non-transferable  otherwise  than by will or the laws of
descent and distribution or pursuant to a qualified domestic relations order. It
may be exercised only by you or your  guardian,  if any, or, if you die, by your
executor,  administrator,  or  beneficiaries  of your estate who are entitled to
your option.

     6. All rights to exercise this option will expire,  in any event, ten years
from the date of this letter.

     7.  Certificates  evidencing shares issued upon exercise of this option may
bear a  legend  setting  forth  among  other  things  such  restrictions  on the
disposition  or  transfer  of the  shares of UB as UB may deem  consistent  with
applicable federal and state laws.

     8.  Nothing  in  this  option  shall  restrict  the  right  of  UB  or  its
subsidiaries to terminate your employment at any time with or without cause.

     9. This option is subject to all the terms,  provisions  and  conditions of
the Plan, which is incorporated herein by reference,  and to such regulations as
may from time to time be

<PAGE>

adopted by the  Committee.  A copy of the Plan has been  furnished to you and an
additional  copy may be obtained  from UB. In the event of any conflict  between
the  provisions  of the Plan  and the  provisions  of this  letter,  the  terms,
conditions and  provisions of the Plan shall  control,  and this letter shall be
deemed to be modified accordingly.

     10.  All  notices  by you to UB and  your  exercise  of the  option  herein
granted,  shall be addressed  to Union  Community  Bancorp,  221 E. Main Street,
Crawfordsville, Indiana 47933, Attention: Secretary, or such other address as UB
may, from time to time, specify.

     11. This option may not be  exercised  until UB has been advised by counsel
that all other applicable legal requirements have been met.

                                 Very truly yours,

                                 UNION COMMUNITY BANCORP

                                 By:
                                    --------------------------------------------
                                    Alan L. Grimble, Chief Executive Officer

Accepted on the date above written

-------------------------------------

Printed:
        -----------------------------EXHIBIT 10(12)

                                                                  ______________

                          AWARD NOTIFICATION UNDER THE
                   UNION FEDERAL SAVINGS AND LOAN ASSOCIATION
                    RECOGNITION AND RETENTION PLAN AND TRUST

__________________:

     You are hereby awarded a total of _____________ shares of the Common Stock,
without par value ("Common Stock"), of Union Community Bancorp ("UCB"), pursuant
to the Union Federal Savings and Loan Association Recognition and Retention Plan
and Trust (the "Plan"), on the following terms and conditions:

     1. The shares of Common  Stock  subject to award vest at the rate of twenty
percent (20%) of the aggregate  number of shares covered by the award at the end
of each full twelve months of consecutive service with Union Federal Savings and
Loan Association or an affiliate  thereof  (collectively,  the "Bank") after the
date  of  grant.   If  your   service   with  the  Bank   terminates   prior  to
_________________,  for any reason  (except as discussed  below),  then you will
forfeit the right to earn any shares of Common Stock subject to this award which
have not previously  been earned.  In determining the number of shares of Common
Stock which are earned,  fractional  shares will be rounded  down to the nearest
whole  number,  provided  that such  fractional  shares will be  aggregated  and
earned, on the fifth anniversary of the date of grant.

     2.  Notwithstanding  the general rule contained in paragraph 1, above,  all
shares of Common Stock  subject to this award held by you will be deemed  earned
as of your  last day of  service  with the  Bank as a  result  of your  death or
disability.

     3. Notwithstanding  anything herein to the contrary, the Board of Directors
of the Bank may immediately revoke,  rescind and terminate any award, or portion
thereof, previously awarded under the Plan, to the extent shares of Common Stock
have not been delivered to you,  whether or not the shares have been earned,  if
you are discharged for cause or it is discovered  after your service  terminates
that you have  engaged in conduct  which  would have  justified  termination  or
removal for cause.

     4. Whenever  shares of Common Stock awarded under the Plan are paid to you,
or to the  beneficiary  you designate,  such person will be entitled to receive,
with  respect to each share of Common  Stock paid,  an amount  equal to any cash
dividends or cash  distributions and a number of shares of Common Stock equal to
any stock dividends,  and any other asset  distributions  declared and paid with
respect to a share of Common Stock  between the date the shares are  distributed
and the date such shares were granted, along with any net earnings thereon.

     5. Shares of Common Stock will be distributed to you, or to the beneficiary
you designate,  as the case may be, as soon as practicable  after they have been
earned.

     6. All shares of Common Stock,  together with any shares representing stock
dividends thereon, will be distributed in the form of Common Stock. One share of
Common  Stock

<PAGE>

will  be  paid  for  each  share  earned  and  payable.   Payments  representing
accumulated cash dividends or cash  distributions (and earnings thereon) will be
made in cash.  Other asset  distributions  payable on the shares of Common Stock
awarded will be paid in the form of such distributions,  to the extent feasible.
The trustee of the Plan may withhold from any payment or distribution made under
the Plan  sufficient  amounts  of cash or shares  of  Common  Stock to cover any
applicable  withholding and employment  taxes, and if the amount of such payment
is insufficient, the trustee may require you or the beneficiary you designate to
pay to the  trustee  the  amount  required  to be  withheld  as a  condition  of
delivering the shares earned and payable under the Plan. Alternatively,  you may
pay to the trustee that amount of cash necessary to be withheld in taxes in lieu
of any withholding of payments or  distribution  under the Plan. If you elect to
have such taxes withheld, then the election must be made in compliance with Rule
16b-3, to the extent applicable.

     7. This award is subject to all the terms, provisions and conditions of the
Plan, which is incorporated herein by reference,  and to such regulations as may
from  time to time be  adopted  by the  Committee.  A copy of the  Plan has been
furnished to you and an  additional  copy may be obtained  from the Bank. In the
event of any conflict  between the  provisions of the Plan and the provisions of
this letter, the terms,  conditions and provisions of the Plan will control, and
this letter will be deemed to be modified accordingly.

                                 Very truly yours,

                                 UNION FEDERAL SAVINGS AND LOAN
                                 ASSOCIATION

                                 By:
                                    --------------------------------------------
                                    Alan L. Grimble, Chief Executive Officer

I acknowledge Receipt of a copy
of this Award Notification:

--------------------------------------

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