Document:

Exhibit 10.17

     

    
      Time-Based RSU Award Agreement

    

     

    CROSSFIRST BANKSHARES, INC.

    2018 OMNIBUS EQUITY INCENTIVE PLAN

     

    LEGACY RESTRICTED STOCK UNIT AWARD AGREEMENT FOR RESTRICTED STOCK UNITS ORIGINALLY GRANTED UNDER THE

    CROSSFIRST BANKSHARES, INC. EQUITY INCENTIVE PLAN

    

    

    	
            Original Date of Grant of Legacy RSUs

          	 	 
	
            (“Legacy Date of Grant”):

          	 	 
	 	 	 
	
            Number of Legacy RSUs Assumed:

          	 	 

     

    This Legacy Restricted Stock Unit Award Agreement (this “Legacy RSU Award Agreement”), is entered into on ___________________________ (the “Legacy RSU Assumption Date”), by and between CrossFirst
      Bankshares, Inc., a Kansas Corporation (the “Company”) and _________________ (the “Grantee”).

     

    RECITALS:

     

    A.   Effective [Date], the Company adopted the CrossFirst Bankshares, Inc. 2018 Omnibus Equity Incentive Plan (the “Plan”).  The terms of the Plan allow the Company to assume currently outstanding
      equity awards (“Legacy Awards”) granted under the Company’s previously-adopted equity compensation plans (each a “Legacy Plan”) before the Effective Date of the Plan.

     

    B.   The Grantee is a Service Provider of the Company or one of its Affiliates to whom a restricted stock unit Legacy Award was granted under the CrossFirst Bankshares, Inc. Equity Incentive Plan (the
      “Original RSUs”) before the Effective Date.

     

    C.  The Board has authorized the Company to assume the Original RSUs and substitute and replace such Original RSUs as a Legacy Award under the Plan (the “Legacy RSUs”) provided that the terms and
      conditions of this Legacy RSU Award Agreement and the Plan shall supersede and replace the terms and conditions of the Legacy RSUs’ original award agreement and the applicable Legacy Plan as of the Legacy RSU Assumption Date.

     

    AGREEMENT:

     

    In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

     

    Section 1.   Incorporation of the Plan.  All provisions of this Legacy
      RSU Award Agreement and the rights of the Grantee hereunder are subject in all respects to the provisions of the Plan, the terms of which are incorporated herein by reference, and the powers of the Committee therein provided.  Capitalized terms used
      in this Legacy RSU Award Agreement but not defined herein have the meanings set forth in Plan.

    
      1

      
        
 

    

    
       Time-Based RSU Award Agreement

    

     

    Section 2.   Assumption of Legacy RSUs.  The Company hereby assumes the
      Legacy RSUs granted to the Grantee on the Legacy Date of Grant shown above and continues to maintain the Legacy RSUs in a separate account maintained on the books of the Company (the “Account”).  The number of Legacy RSUs maintained in the Account
      shall equal that number of Legacy RSUs identified above opposite the heading “Number of Legacy RSUs Assumed.”  On any date, the value of each Legacy RSU shall equal the Fair Market Value of a Share and each Legacy RSU shall alternatively represent a
      right to receive one Share, if the applicable terms and conditions are satisfied. The Grantee’s interest in the Account shall make Grantee only a general, unsecured creditor of the Company.  The Legacy RSUs may not be sold, transferred, gifted,
      bequeathed, pledged, assigned, or otherwise alienated or hypothecated, voluntarily or involuntarily.  The rights of the Grantee with respect to the Legacy RSUs shall remain forfeitable at all times prior to the Settlement Date, as defined below.

     

    Section 3.   Settlement of Legacy RSUs.  The Legacy RSUs may be settled
      by delivering to the Grantee or his or her Beneficiary, as applicable, a number of Shares equal to the whole number of Shares underlying the Legacy RSUs then held by the Grantee (or a specified portion of the Legacy RSUs in the event of any partial
      settlement).  The date on which the Company issues Shares to the Grantee in connection with “vesting” of a Legacy RSU is the “Settlement Date.”

     

    Except as specifically provided elsewhere under the Plan, the restrictions on Legacy RSUs subject to this Legacy RSU Award Agreement will lapse and the Legacy RSUs will be settled in accordance with the original
      schedule set forth in the Original RSUs’ award agreement and reproduced below:

     

    [Insert Time Vesting Schedule from Original Award Agreement]

     

    

    

    	
            Vesting Date

          	
            Percentage of Legacy RSUs Vested

          
	
            _______

          	
            _______%

          
	
            _______

          	
            _______%

          
	
            _______

          	
            _______%

          
	
            _______

          	
            _______%

          
	
            _______

          	
            _______%

          

     

    Notwithstanding the foregoing, (a) the Committee may, in its sole discretion, accelerate the Settlement Date for any or all of the Legacy RSUs, if in its judgment the performance of the Grantee has warranted such
      acceleration and/or such acceleration is in the best interests of the Company; (b) if the Grantee’s position as a Service Provider with the Company or any of its Affiliates is terminated by reason of the Grantee’s death or “disability,” the
      Settlement Date for all of the Legacy RSUs automatically will be accelerated to the date of the Grantee’s termination as a Service Provider; and (c) if the Grantee’s position as a Service Provider with the Company or any of its Affiliates is
      terminated by reason of the Grantee’s “retirement,” the Settlement Date for a pro rata portion of the Legacy RSUs automatically will be accelerated to the date of the Grantee’s termination as a Service Provider.  For purposes of this Legacy RSU Award
      Agreement, “disability” shall mean the Grantee’s physical or mental impairment falling within the definition of “disability” as such term or any comparable term is defined in any disability insurance policy covering the Grantee at the time of such
      disability.  The Grantee covenants and agrees to submit to a reasonable physical examination by a licensed medical doctor acceptable to the Company for the purpose of evaluating whether the Grantee is disabled. All determinations as to the date and
      extent of disability shall be made by the Committee, upon the basis of such evidence, as the Committee deems necessary and desirable.  For purposes of this Legacy RSU Award Agreement, “retirement” shall mean the Grantee’s severance from the Company,
      in good standing, upon or after attainment of the age of 65 with no less than five (5) years of participation in the Plan or Legacy Plan and service to the Company. The Board may grant exceptions to these qualifications, on a case-by-case basis.

    
      
        
 

    

    
      Time-Based RSU Award Agreement

    

     

    Payment of the Shares following the Settlement Date shall be made by the Company to the Grantee within the 60 day period following the Settlement Date.

     

    Section 4.   Cancellation of Legacy RSUs.  Unless otherwise provided in
      this Section 4 or in the Plan, if, prior to the final Settlement Date, the Grantee’s position as a Service Provider to the Company or any of its Affiliates is terminated for any reason (other than the Grantee’s death, “disability” or “retirement”) or
      no reason, the Grantee shall thereupon immediately forfeit any and all unsettled Legacy RSUs, all such unsettled Legacy RSUs shall be cancelled, and the Grantee shall have no further rights under this Legacy RSU Award Agreement.  For purposes of this
      Legacy RSU Award Agreement, the transfer of employment between the Company and any of its Affiliates (or between Affiliates) shall not constitute a termination of the Grantee’s position as a Service Provider.

     

    4.1   Cancellation of Legacy RSUs at Any Time.  Notwithstanding anything in this Legacy RSU Award
      Agreement or the Plan to the contrary, the Company may, in its sole discretion, suspend and/or cause the Grantee to forfeit all rights, vested or otherwise, to receive any or all benefits otherwise due under this Legacy RSU Award Agreement with
      respect to the Legacy RSUs, if the Grantee, at any time, whether or not employed by the Company or an Affiliate: (a) works for or conducts or maintains any business, enterprise, or organization that is in the same line of business or enterprise as
      the Company or any of its Affiliates and competes directly or indirectly with any of the Employers, in violation of the terms of any contractual provisions between the Company, an Affiliate, and the Grantee; (b) divulges confidential information of
      the Company or any Affiliate to competitors of the Company or any Affiliate, or any other party not authorized to receive such information; or (c) was “terminated for cause.”  For purposes of this Legacy RSU Award Agreement, “terminated for cause”
      shall mean a termination due to malfeasance, embezzlement or fraud, termination under the terms of any employment agreement between the Company and the Grantee or such other act the Committee determines is equivalent to such acts. The foregoing shall
      apply without regard to whether the Grantee’s work, business, release of information, or conviction, as the case may be, has any demonstrable adverse effect on the Company or any Affiliate. Any determination made by the Committee with regard to
      suspension and/or forfeiture under this Section 4.1 shall be final and conclusive.

     

    4.2   Cancellation after Grantee Ceases to be a Service Provider.  In the event the Grantee is
      found, within 12 months following the date he or she ceased to be a Service Provider, to have, during the period in which the Grantee was a Service Provider: (a) willfully engaged in conduct which would have constituted grounds for termination for
      cause or immediate dismissal under the Company’s employment policies; (b) willfully engaged in conduct which was demonstrably and materially injurious to the Company, monetarily or otherwise; or (c) committed a felony or other crime involving fraud,
      dishonesty, or moral turpitude, the Grantee shall promptly return to the Company all benefits that the Grantee received under this Legacy RSU Award Agreement during the last 12 months the Grantee was a Service Provider.

    
      
        
 

    

    
      Time-Based RSU Award Agreement

    

     

    4.3   Violation of Nonsolicitation Provisions.  In the event the Grantee violates a nonsolicitation
      provision contained in the Grantee’s employment agreement, the Grantee shall promptly return to the Company all benefits the Grantee received under the Legacy Plan during the last 12 months that the Grantee was a Service Provider to the Company or
      any Affiliate.

     

    Section 5.   Dividends and Voting. Prior to the Legacy RSUs’ Settlement
      Date, the Grantee shall not be entitled to receive dividends or Dividend Equivalent payments for any dividends paid by the Company on Shares, whether payable in Stock, in cash or in kind.  The Grantee will have no voting rights with respect to any of
      the Legacy RSUs.

     

    Section 6.   Tax Withholding.  The Grantee shall be required to pay to
      the Company, and the Company shall have the right to deduct from any compensation paid to the Grantee pursuant to the Plan, the amount of any federal, state, and local withholding obligations of the Company with respect to the Legacy RSUs.  The
      Company will not deliver Shares to the Grantee under this Legacy RSU Award Agreement unless the Grantee has remitted (or in appropriate cases agrees to remit) or otherwise provided for the satisfaction of any withholding obligation.  Unless
      specifically denied by the Committee, the Grantee may elect to satisfy any such withholding obligations by one or a combination of the following methods:

     

    (a)   payment of an amount in cash equal to the amount to be withheld;

     

    (b)   payment by tendering previously acquired Shares (either actually or by attestation) valued at the Share’s then Fair Market Value and equal to the amount to be withheld;

     

    (c)   requesting that the Company withhold from the Shares otherwise issuable to the Grantee Shares having a Fair Market Value equal to or less than the amount to be withheld; or

     

    (d)   withholding from any other compensation otherwise due to the Grantee.

     

    To the extent the Committee permits withholding through either the payment of previously acquired Shares or withholding from Shares otherwise issuable to the Grantee, any such withholding shall be in accordance with
      any rules or established procedures for election by Participants, including any rules or restrictions relating to the period of time any previously acquired Shares have been held or owned, including any elections, the irrevocability of any election,
      or any special rules relating to a Grantee who is an officer of the Company within the meaning of Section 16 of the 1934 Act.

     

    Section 7.   No Right to Continue as a Service Provider.  Neither the
      Plan nor this Legacy RSU Award Agreement confers upon the Grantee any right to be retained in any position as an Employee, Consultant, or Director of the Company.  Further, nothing in the Plan or this Legacy RSU Award Agreement shall be construed to
      limit the discretion of the Company to terminate the Grantee as a Service Provider at any time, with or without Cause.

    
      
        
 

    

    
      Time-Based RSU Award Agreement

    

     

    Section 8.   Effect of a Change in Control.  In the event of a “change
      in control,” any outstanding and unvested Legacy RSUs shall fully vest as of the date of the change in control, and the date of the change in control shall be considered the Settlement Date of the Legacy RSUs vested on account of the change in
      control.  For purposes of this Legacy RSU Award Agreement, “change in control” means a change in ownership of a substantial portion of the Company’s assets, a change in the majority of the members of the Board
      without the approval of the incumbent Board or the closing of a merger or consolidation of the Company with any other company, which would result in the owners of the voting securities of the Company outstanding immediately prior thereto owning
      (either by remaining outstanding or by being converted into voting securities of the surviving entity) less than 50% of the combined voting power of the voting securities of the Company (or such surviving entity) outstanding immediately after such
      merger or consolidation.

     

    Notwithstanding the foregoing, for purposes of any amounts paid under this Legacy RSU Award Agreement to the Grantee that is treated as nonqualified deferred compensation subject to Section 409A of the Code, a change
      in control shall not occur unless such transaction or series of related transactions, constitutes a change in ownership of the Company, a change in effective control of the Company, a change in ownership of a substantial portion of the Company’s
      assets, each under Section 409A of the Code or otherwise constitutes a change in control within the meaning of Section 409A of the Code; provided, however, if the Company treats an event as a change in control that does not meet the requirements of
      Section 409A of the Code, such amounts shall be paid when such amounts would otherwise have been paid but for the change in control.

     

    Section 9.   Compliance with Law.  The issuance and transfer of Shares
      shall be subject to compliance by the Company and the Grantee with all applicable requirements of federal and state securities laws and with all applicable requirements of any stock exchange on which the Company’s Shares may be listed. No Shares
      shall be issued with respect to the Legacy RSUs unless and until any then applicable requirements of state or federal laws and regulatory agencies have been fully complied with to the satisfaction of the Company and its counsel. The Grantee
      understands that the Company is under no obligation to register the Shares with the Securities and Exchange Commission, any state securities commission, or any stock exchange to effect such compliance.

     

    Section 10.   Notices.  Any notice required to be delivered to the
      Company under this Legacy RSU Award Agreement shall be in writing and addressed to the General Counsel and Corporate Secretary of the Company at the Company’s principal corporate office.  Any notice required to be delivered to the Grantee under this
      Legacy RSU Award Agreement shall be in writing and addressed to the Grantee at the Grantee’s address as shown in the records of the Company.  Either party may designate another address in writing (or such other method approved by the Company) from
      time to time.

     

    Section 11.   Governing Law.  This Legacy RSU Award Agreement will be
      construed and interpreted in accordance with the laws of the State of Kansas without regard to conflict of law principles.

    
      
        
 

    

    
       Time-Based RSU Award Agreement

    

     

    Section 12.   Adjustments.  If any change is made to the outstanding
      Stock or capital structure of the Company, if required, the Legacy RSUs shall be adjusted or terminated in any manner as contemplated by the Plan.

     

    Section 13.   Amendment.  This Legacy RSU Award Agreement may be amended
      in a manner that is materially adverse to the Grantee only by a writing executed by the parties hereto which specifically states that it is amending this Legacy RSU Award Agreement.

     

    Section 14.   Repayment.  In the event the Board, or an appropriate
      committee thereof composed of “independent directors,” as defined in NASDAQ Marketplace Rule 4200(a)(15), determines that any fraud, negligence or intentional misconduct by any Service Provider was a significant contributing factor to the Company
      having to restate all or a portion of its financial statements, the Board will take, in its discretion, such action as it deems necessary to remedy the misconduct and prevent its recurrence. Such actions may include requiring reimbursement of all
      Legacy RSUs and compensation paid to the Grantee under this Legacy RSU Award Agreement.

     

    Section 15.   Interpretation.  Any dispute regarding the interpretation
      of this Legacy RSU Award Agreement shall be submitted by the Grantee or the Company to the Committee for review.  The resolution of such dispute by the Committee shall be final and binding on the Grantee and the Company.

     

    Section 16.   Titles.  Titles are provided herein for convenience only
      and are not to serve as a basis for interpretation or construction of this Legacy RSU Award Agreement.

     

    Section 17.   Section 409A Compliance.   It is the intent of the
      Company that all payments made under this Legacy RSU Award Agreement will be exempt from Section 409A of the Code and the Treasury regulations and guidance issued thereunder (“Section 409A”) pursuant to the “short-term deferral” exemption.   
      Notwithstanding any provision of the Plan or this Legacy RSU Award Agreement to the contrary, (i) this Legacy RSU Award Agreement shall not be amended in any manner that would cause any amounts payable hereunder that are not subject to Section 409A
      to become subject thereto (unless they also are in compliance therewith), and the provisions of any purported amendment that may reasonably be expected to result in such non-compliance shall be of no force or effect with respect to this Legacy RSU
      Award Agreement and (ii) the Company, to the extent it deems necessary or advisable in its sole discretion, reserves the right, but shall not be required, to unilaterally amend or modify this Legacy RSU Award Agreement to reflect the intention that
      the Plan qualifies for exemption from or complies with Section 409A in a manner that as closely as practicable achieves the original intent of this Legacy RSU Award Agreement and with the least reduction, if any, in overall benefit to a Grantee to
      comply with Section 409A on a timely basis, which may be made on a retroactive basis, in accordance with regulations and other guidance issued under Section 409A.  Neither the Company nor the Committee makes any representation that this Legacy RSU
      Award Agreement shall be exempt from or comply with Section 409A and makes no undertaking to preclude Section 409A from applying to this Legacy RSU Award Agreement.

     

    Section 18.   Successors and Assigns.  The Company may assign any of
      its rights under this Legacy RSU Award Agreement. This Legacy RSU Award Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Legacy RSU
      Award Agreement will be binding upon the Grantee and the Grantee’s beneficiaries, executors, administrators and the person(s) to whom the Legacy RSUs may be transferred by will or the laws of descent or distribution.

    
      
        
 

    

    
      Time-Based RSU Award Agreement

    

     

    Section 19.   Severability.  The invalidity or unenforceability of any
      provision of the Plan or this Legacy RSU Award Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Legacy RSU Award Agreement, and each provision of the Plan and this Legacy RSU Award Agreement shall
      be severable and enforceable to the extent permitted by law.

     

    Section 20.   No Impact on Other Benefits. The value of the Grantee’s
      Legacy RSUs is not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.

     

    Section 21.   Counterparts. This Legacy RSU Award Agreement may be
      executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Legacy RSU Award Agreement transmitted by facsimile transmission, by
      electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an
      original signature.

     

    Section 22.   Acceptance of Assumption and Substitution of Award Agreement. 
      The Grantee hereby acknowledges receipt of a copy of the Plan and this Legacy RSU Award Agreement. The Grantee has read and understands the terms and provisions thereof, and accepts the assumption of the Original RSUs  and the substitution for the
      Legacy RSUs under the Plan and the substitution of this Legacy RSU Award Agreement for the previous agreement between the Company and the Grantee with respect to the Original RSUs.  The Grantee further acknowledges that from the Legacy RSU Assumption
      Date forward, the Original RSUs are subject to all of the terms and conditions of the Plan and this Legacy RSU Award Agreement.

     

    Section 23.   Entire Agreement and Binding Effect.  This Legacy RSU
      Award Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof.  They supersede any other agreements, representations or understandings (whether oral or written and whether express or
      implied) that relate to the subject matter hereof.  Except as expressly stated herein to the contrary, this Legacy RSU Award Agreement will be binding upon and inure to the benefit of the respective heirs, legal representatives, successors and
      assigns of the parties hereto.

     

    [Signature Page Follows]

    
      
        
 

    

    
       Time-Based RSU Award Agreement

       

    

    The parties to this Legacy RSU Award Agreement have executed this Legacy RSU Award Agreement as of the date provided in the preamble to this Agreement.

    	 	 
	
            CROSSFIRST BANKSHARES, INC.

          
	 	 
	
            By:

          	 
	 	 
	
            Name:

          	 
	 	 
	
            Title:

          	 
	 	 
	
            [GRANTEE NAME]

          
	 	 
	
            By:

          	 
	 	 
	
            Name:Exhibit 10.18 

     

    

     

    CROSSFIRST BANKSHARES, INC.

    2018 OMNIBUS EQUITY INCENTIVE PLAN

     

    LEGACY STOCK APPRECIATION RIGHT AWARD AGREEMENT FOR STOCK

    APPRECIATION RIGHTS ORIGINALLY GRANTED UNDER THE

    CROSSFIRST BANKSHARES, INC. STOCK APPRECIATION RIGHTS PLAN

    

      	
              Original Date of Grant of Legacy SARs

            	 	 
	
              (“Legacy Date of Grant”):

            	 	 
	 	 	 
	
              Number of Legacy SARs Assumed:

            	 	 
	 	 	 
	
              Exercise Price per Legacy SAR:

            	 	
              $

            	 
	 	 	  
	
              Expiration Date:

            	 	
              [The fifteenth anniversary of the Date of Legacy Grant.]

            

    

     

    This Legacy Stock Appreciation Right Award Agreement (the “Legacy SAR Award Agreement”) is entered into on _______________________ (the “Legacy SAR Assumption Date”), by and between CrossFirst
      Bankshares, Inc., a Kansas corporation (the “Company”), and ________________________ (the “SAR Holder”).

     

    RECITALS:

     

    A.   Effective [Date], the Company adopted the CrossFirst Bankshares, Inc. 2018 Omnibus Equity Incentive Plan (the “Plan”).  The terms of the Plan allow the Company to assume currently outstanding
      equity awards (“Legacy Awards”) granted under the Company’s previously-adopted equity compensation plans (each a “Legacy Plan”) before the Effective Date of the Plan.

     

    B.   The SAR Holder is a Service Provider of the Company or one of its Affiliates to whom a stock appreciation right Legacy Award was granted under the CrossFirst Bankshares, Inc. Stock Appreciation
      Rights Plan (the “Original SARs”) before the Effective Date.

     

    C.   The Board has authorized the Company to assume the Original SARs and substitute and replace such Original SARs as a Legacy Award under the Plan (the “Legacy SARs”) provided that the terms and
      conditions of this Legacy SAR Award Agreement and the Plan shall supersede and replace the terms and conditions of the Legacy SARs’ original award agreement and the applicable Legacy Plan as of the Legacy SAR Assumption Date.

     

    AGREEMENT:

     

    In consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt of which is hereby acknowledged, the parties agree as follows:

     

    Section 1.   Incorporation of the Plan.  All provisions of this Legacy
      SAR Award Agreement and the rights of the SAR Holder hereunder are subject in all respects to the provisions of the Plan, the terms of which are incorporated herein by reference, and the powers of the Committee therein provided.  Capitalized terms
      used in this Legacy SAR Award Agreement but not defined herein have the meanings set forth in Plan.

    
      
        
 

    

    

    

    Section 2.   Assumption of  Legacy SARs. The Company hereby assumes the
      Legacy SARs granted to the SAR Holder on the Legacy Date of Grant shown above, subject to the terms of this Legacy SAR Award Agreement and the Plan.  The aggregate number of Legacy SARs assumed is identified above opposite the heading “Number of
      Legacy SARs Assumed.”  Each Legacy SAR entitles the SAR Holder to receive, upon exercise, an amount equal to the excess of (a) the Fair Market Value of a Share on the date of exercise, over (b) the Exercise Price per Legacy SAR (referred to as the
      “Grant Price per Share” in the original award agreement) identified above (the “Appreciation Value”).

     

    Section 3.   Exercisability and Vesting of SARs.  The Legacy SARs will
      vest and become exercisable as follows:

     

    [Insert Time Vesting Schedule From Original Award Agreement]

     

    3.1   Forfeiture of SARs.Except as otherwise provided in this Legacy SAR Award Agreement, any
      unvested  Legacy SARs will not be exercisable on or after the date on which the SAR Holder ceases to be a Service Provider to the Company or an Affiliate.

     

    3.2   Expiration of SARs. The  Legacy SARs will expire and no longer be exercisable at 5:00 p.m.
      Central Time on the Expiration Date identified above in the preamble to this Legacy SAR Award Agreement, or earlier as provided for in this Legacy SAR Award Agreement or the Plan.  In no event may the Expiration Date be later than the fifteenth
      anniversary of the Legacy SARs’  Legacy Date of Grant.  If the Expiration Date is not a business day, then the Legacy SARs will expire at 5:00 p.m. Central Time on the first business day following the Expiration Date.  If the Legacy SARs, or any
      portion thereof, are not exercised before the Expiration Date (or an earlier time upon which the Legacy SARs terminate in accordance with the terms of the Plan or this Legacy SAR Award Agreement), any vested Legacy SARs shall automatically be
      exercised.  The Appreciation Value due to the SAR Holder upon an automatic exercise of the Legacy SARs shall be paid to the SAR Holder.

     

    Section 4.   Method of Exercise.  Provided that the Legacy SARs have
      not expired, been terminated, or cancelled in accordance with the terms of the Plan, the portion of the Legacy SARs which is otherwise exercisable pursuant to Section 3 of this Legacy SAR Award Agreement may be exercised in whole or in part, from
      time to time by delivery to the General Counsel and Corporate Secretary of the Company, or the designee of such officers, a written or electronic notice specifying the number Legacy SARs being exercised.  Such notice must be in a form satisfactory to
      the Company and must set forth (a) the number of Legacy SARs being exercised and (b) if a person other than the SAR Holder is exercising the Legacy SARs, the notice must be accompanied satisfactory evidence of such person’s right to exercise the
      Legacy SARs. During the life of the SAR Holder, only the SAR Holder may exercise the Legacy SARs; however, after the SAR Holder’s death or incapacity, the SAR Holder’s executor, administrator, Beneficiary, heir, or legatee, as the case may be, may
      exercise the Legacy SARs.

    
      
        
 

    

    

    

    Section 5.   Withholding.  The SAR Holder shall be required to pay to
      the Company, and the Company shall have the right to deduct from any compensation paid to the SAR Holder pursuant to the Plan, the amount of any federal, state, and local withholding obligations of the Company with respect to the Legacy SARs.  The
      Company will not pay the SAR Holder the Appreciation Value unless the SAR Holder makes appropriate arrangements with the Company for the satisfaction of any withholding requirements.  Unless specifically denied by the Committee, the SAR Holder may
      elect to satisfy any such withholding obligations by one or a combination of the following methods:

     

    (a)   payment of an amount in cash equal to the amount to be withheld;

     

    (b)   payment by tendering previously acquired Shares (either actually or by attestation) valued at the Share’s then Fair Market Value and equal to the amount to be withheld;

     

    (c)   requesting that the Company withhold from the Appreciation Value Shares or cash issuable to the SAR Holder Shares or cash having a Fair Market Value equal to or less than the amount to be
      withheld; or

     

    (d)   withholding from any other compensation otherwise due to the SAR Holder.

     

    To the extent the Committee permits withholding through either the payment of previously acquired Shares or withholding from Shares otherwise issuable to the SAR Holder, any such withholding shall be in accordance with
      any rules or established procedures for election by Participants, including any rules or restrictions relating to the period of time any previously acquired Shares have been held or owned, including any elections, the irrevocability of any election,
      or any special rules relating to a SAR Holder who is an officer of the Company within the meaning of Section 16 of the 1934 Act

     

    Section 6.   Form of Payment.  Upon the exercise of all or a portion of
      the Legacy SARs, the SAR Holder will be entitled to a whole number of Shares with a Fair Market Value as of the exercise date equal to the Appreciation Value of the Legacy SARs being exercised, less any amounts withheld pursuant to Section 5 of this
      Legacy SAR Award Agreement.  To the extent the SAR Holder would be entitled to a fractional Share upon exercise of the Legacy SARs, the SAR Holder shall receive a cash payment equal to the Fair Market Value of any fractional Share on the date of
      exercise.

     

    Section 7.   Section 409A; No Deferral of Compensation.  Neither the
      Plan nor this Legacy SAR Award Agreement is intended to provide for the deferral compensation within the meaning of Section 409A of the Internal Revenue Code (the “Code”).  The Company reserves the right to unilaterally amend or modify the Plan or
      this Legacy SAR Award Agreement, to the extent the Company considers it necessary or advisable, in its sole discretion, to comply with, or to ensure that the Legacy SARs granted hereunder are not subject to, Section 409A of the Code.

     

    Section 8.   Effect of Separation from Service.  If the SAR Holder
      ceases to be a Service Provider of the Company or an Affiliate for any reason other than the SAR Holder’s death, “disability,” “retirement,” or termination with “cause,” any vested  Legacy SARs shall automatically be exercised as of the date the SAR
      Holder ceases to be a Service Provider.

    
      
        
 

    

    

    

    8.1   Separation from Service for Cause.  If the SAR Holder’s service to the Company or an Affiliate
      is terminated with “cause,” the Legacy SARs (whether vested or unvested) will immediately terminate and cease to be exercisable.  For purposes of this Legacy SAR Award Agreement, “cause” means a termination due to malfeasance, embezzlement or fraud,
      termination under the terms of any employment agreement between the Company and the SAR Holder or such other act the Committee determines is equivalent to such acts.

     

    8.2   Separation from Service due to Death.  If the SAR Holder ceases to be a Service Provider due
      to the SAR Holder’s death, all Legacy SARs shall become fully vested.  The Legacy SARs vested as of the date of the SAR Holder’s death may be exercised by the SAR Holder’s executor, administrator, Beneficiary, heir or legatee as the case may be, at
      any time before the earlier of (a) 5:00 p.m. Central Time on the date that is 12 months after the date on which the SAR Holder ceased to be a Service Provider due to death or (b) 5:00 p.m. Central Time on the Expiration Date.

     

    8.3   Separation from Service due to Disability.  If the  SAR Holder ceases to be a Service Provider
      due to the SAR Holder’s “disability,” all of the Legacy SARs shall immediately become vested as of the date on which the SAR Holder ceased to be a Service Provider and may be exercised by the SAR Holder at any time before the earlier of (a) 5:00 p.m.
      Central Time on the date that is 12 months after the date on which the SAR Holder ceased to be a Service Provider due to disability or (b) 5:00 p.m. Central Time on the Expiration Date.  For purposes of this Section 8.3, “disability” means the SAR
      Holder’s physical or mental impairment falls within the definition of disability as such term or any comparable term is defined in any disability insurance policy covering the SAR Holder at the time of such disability.  The SAR Holder covenants and
      agrees to submit to a reasonable physical examination by a licensed medical doctor acceptable to Company for the purpose of evaluating whether the SAR Holder is disabled. All determinations as to the date and extent of disability shall be made by the
      Committee, upon the basis of such evidence, as the Committee deems necessary and desirable.

     

    8.4   Separation from Service due to Retirement.  If the SAR Holder ceases to be a Service Provider
      due to the SAR Holder’s “retirement,” all Legacy SARs with a  Legacy Date of Grant more than 12 months before the SAR Holder’s date of retirement shall become fully vested; Legacy SARs with a Legacy Date of Grant less than 12 months before the SAR
      Holder’s date of retirement shall be canceled and forfeited.  The Legacy SARs vested as of the date of the SAR Holder’s retirement may be exercised by the SAR Holder at any time before the earlier of (a) 5:00 p.m. Central Time on the date that is 12
      months after the date on which the SAR Holder ceased to be a Service Provider due to retirement or (b) 5:00 p.m. Central Time on the Expiration Date.  For purposes of this Section 8.4, “retirement” means the SAR Holder’s severance from the Company,
      in good standing, upon or after attainment of the age of 65 with no less than five (5) years of participation in the Plan and service to the Company. The Committee may grant exceptions to these qualifications, on a case-by-case basis.

     

    Section 9.   Transferability of SARs.  Except to the extent the
      Committee allows Legacy SARs to be transferred to a Permitted Transferee, the Legacy SARs shall not be transferable by the SAR Holder, except by will or pursuant to the laws of descent and distribution.  Shares issuable pursuant to the exercise of
      the Legacy SARs shall be delivered only to or for the account of the SAR Holder, or in the event of the SAR Holder’s incapacity, to the SAR Holder’s guardian or legal representative.

    
      
        
 

    

    

    

    Section 10.   No Right to Continue as a Service Provide.  Neither the
      Plan nor this Legacy SAR Award Agreement confers upon the SAR Holder any right to be retained in any position as an Employee, Consultant, or Director of the Company.  Further, nothing in the Plan or this Legacy SAR Award Agreement shall be construed
      to limit the discretion of the Company to terminate the SAR Holder as a Service Provider at any time, with or without Cause.

     

    Section 11.   Effect of a Change in Control.  In the event of a “change
      in control” all of the Legacy SARs shall immediately become vested as of the date on which the change in control occurs.  For purposes of this Legacy SAR Award Agreement, “change in control” means a change in ownership of a substantial portion of the
      Company’s assets, a change in the majority of the members of the Board of Directors without the approval of the incumbent Board of Directors or the closing of a merger or consolidation of the Company with any other company, which would result in the
      owners of the voting securities of the Company outstanding immediately prior thereto owning (either by remaining outstanding or by being converted into voting securities of the surviving entity) less than 50% of the combined voting power of the
      voting securities of the Company (or such surviving entity) outstanding immediately after such merger or consolidation.

     

    Section 12.   Compliance with Law.  The exercise of the Legacy SARs
      shall be subject to compliance by the Company and the SAR Holder with all applicable laws, including the requirements of any stock exchange on which the Company’s Shares may be listed.  The SAR Holder may not exercise the Legacy SARs if such exercise
      would violate any applicable federal or state securities laws or other laws or regulations. No Shares shall be issued pursuant to the Legacy SARs unless and until any then applicable requirements of state or federal laws and regulatory agencies have
      been fully complied with to the satisfaction of the Company and its counsel.  The SAR Holder understands that the Company is under no obligation to register the Shares with the Securities and Exchange Commission, any state securities commission or
      any stock exchange to effect such compliance.

     

    Section 13.   Notices.  Any notice required to be delivered to the
      Company under this Legacy SAR Award Agreement shall be in writing and addressed to the General Counsel and Corporate Secretary of the Company at the Company’s principal corporate office.  Any notice required to be delivered to the SAR Holder under
      this Legacy SAR Award Agreement shall be in writing and addressed to the SAR Holder at the SAR Holder’s address as shown in the records of the Company.  Either party may designate another address in writing (or such other method approved by the
      Company) from time to time.

     

    Section 14.   Governing Law.  This Legacy SAR Award Agreement will be
      construed and interpreted in accordance with the laws of the State of Kansas without regard to conflict of law principles.

     

    Section 15.   Adjustments.  The SARs may be adjusted or terminated in
      any manner contemplated by Section 7 of the Plan.

    
      
        
 

    

    

    

    Section 16.   Amendment.  This Legacy SAR Award Agreement may be amended
      in a manner that is materially adverse to the SAR Holder only by a writing executed by the parties hereto which specifically states that it is amending this Legacy SAR Award Agreement

     

    Section 17.   Interpretation.  Any dispute regarding the interpretation
      of this Legacy SAR Award Agreement shall be submitted by the SAR Holder or the Company to the Committee for review.  The resolution of such dispute by the Committee shall be final and binding on the SAR Holder and the Company.

     

    Section 18.   Titles.  Titles are provided herein for convenience only
      and are not to serve as a basis for interpretation or construction of this Legacy SAR Award Agreement.

     

    Section 19.   Successors and Assigns.  The Company may assign any of
      its rights under this Legacy SAR Award Agreement. This Legacy SAR Award Agreement will be binding upon and inure to the benefit of the successors and assigns of the Company. Subject to the restrictions on transfer set forth herein, this Legacy SAR
      Award Agreement will be binding upon the SAR Holder and the SAR Holder’s beneficiaries, executors, administrators and the person(s) to whom the Legacy SARs may be transferred by will or the laws of descent or distribution.

     

    Section 20.   Severability.  The invalidity or unenforceability of any
      provision of the Plan or this Legacy SAR Award Agreement shall not affect the validity or enforceability of any other provision of the Plan or this Legacy SAR Award Agreement, and each provision of the Plan and this Legacy SAR Award Agreement shall
      be severable and enforceable to the extent permitted by law.

     

    Section 21.   No Impact on Other Benefits. The value of the SAR Holder’s
      Legacy SARs are not part of his or her normal or expected compensation for purposes of calculating any severance, retirement, welfare, insurance or similar employee benefit.

     

    Section 22.   Counterparts. This Legacy SAR Award Agreement may be
      executed in counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument. Counterpart signature pages to this Legacy SAR Award Agreement transmitted by facsimile transmission, by
      electronic mail in portable document format (.pdf), or by any other electronic means intended to preserve the original graphic and pictorial appearance of a document, will have the same effect as physical delivery of the paper document bearing an
      original signature

     

    Section 23.   Acceptance of Assumption and Substitution of Award Agreement.  The
      SAR Holder hereby acknowledges receipt of a copy of the Plan and this Legacy SAR Award Agreement. The SAR Holder has read and understands the terms and provisions thereof, and accepts the assumption of the Original SARs and the substitution for the
      Legacy SARs under the Plan and the substitution of this Legacy SAR Award Agreement for the previous agreement between the Company and the SAR Holder with respect to the Original SARs.  The SAR Holder further acknowledges that from the Legacy SAR
      Assumption Date forward, the Original SARs are subject to all of the terms and conditions of the Plan and this Legacy SAR Award Agreement.

     

    Section 24.   Entire Agreement and Binding Effect.  This Legacy SAR 
      Award Agreement and the Plan constitute the entire contract between the parties hereto with regard to the subject matter hereof.  They supersede any other agreements, representations or understandings (whether oral or written and whether express or
      implied) that relate to the subject matter hereof.  Except as expressly stated herein to the contrary, this Legacy SAR  Award Agreement will be binding upon and inure to the benefit of the respective heirs, legal representatives, successors and
      assigns of the parties hereto.

    
      
        
 

    

    

    

    Section 25.   Limitation of Rights Under the Plan.  In the event the
      SAR Holder is found within 12 months following the date on which he/she ceased to be a Service Provider to have, during the time the SAR Holder was a Service Provider: (a) willfully engaged in conduct which would have constituted grounds for
      termination for cause or immediate dismissal under the Company’s employment policies; (b) willfully engaged in conduct which was demonstrably and materially injurious to the Company, monetarily or otherwise; or (c) committed a felony or other crime
      involving fraud, dishonesty or moral turpitude,  then the SAR Holder shall promptly return to the Company all benefits that SAR Holder received during the last 12 months the SAR Holder was a Service Provider to the Company or an Affiliate with
      respect to the Legacy SARs. In the event the SAR Holder violates his/her non-solicitation provision from his/her employment agreement, the SAR Holder shall promptly return to the Company all benefits that the SAR Holder received during the last 12
      months the SAR Holder was a Service Provider to the Company with respect to the Legacy SARs.

     

    Section 26.   Agreement to Arbitrate.  Any dispute, claim or grievance
      arising out of or relating to the interpretation or operation of this Plan shall be submitted to binding arbitration administered under the then existing rules of the American Arbitration Association. The parties agree to abide by the award as a
      final determination of such dispute, claim or grievance and institute no other action in court or otherwise, except to enforce the award. Judgment upon the award may be entered in any court having jurisdiction over the matter. Such arbitration shall
      take place at a convenient location within Johnson County, Kansas. Arbitration shall be instituted within 12 months after a dispute, claim or grievance is filed under this agreement. Written demand for arbitration shall be delivered to the Secretary
      or Chief Financial Officer of the Company. The payment for arbitration shall be borne by the SAR Holder and Company in an appropriate ratio to be determined in such arbitration.

    
      
        
 

    

     

    The parties to this Legacy SAR Award Agreement have executed this Legacy SAR Award Agreement as of the date provided in the preamble to this Agreement.

    
      	 	 
	
              CROSSFIRST BANKSHARES, INC.

            	 
	 	 	 
	
              By:

            	 	 
	 	 	 
	
              Name:

            	 	 
	 	 	 
	
              Title:

            	 	 
	 	 	 
	
              [SAR HOLDER NAME]

            	 
	 	 	 
	
              By:

            	 	 
	 	 	 
	
              Name:

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