Document:

Amendment Two to the Amended and Restated Performance Share Plan

 Exhibit 10.23A 
 AMENDMENT TWO 
 ALABAMA NATIONAL BANCORPORATION 
 PERFORMANCE SHARE PLAN 
 FOR CERTAIN
DIRECTORS OF 
 CITIZENS’ AND PEOPLE’S BANK, N.A. 
 This Amendment Two to the Alabama National BanCorporation Performance Share Plan for Certain Directors of Citizens’ and People’s Bank, N.A. is
hereby made as of this 30th day of December, 2005, by Alabama National BanCorporation. 
 WITNESSETH: 
 WHEREAS,
Alabama National BanCorporation (the “Employer”) has previously adopted and approved the Alabama National BanCorporation Performance Share Plan for Certain Directors of Citizens’ and People’s Bank, N.A. (the “Plan”);

 WHEREAS, pursuant to duly adopted resolutions, the Board of Director of the Employer has elected to adopt an amendment (the
“Amendment”) to the Plan in order to ensure that amounts deferred under the Plan and allocated as a share allotment are not required to be classified as a liability of the Employer pursuant to Financial Accounting Standards Board Statement
123 (revised 2004), Share-Based Payment (“FAS 123(R)”); and 
 WHEREAS, the Employer now desires to amend the Plan in
accordance Section 20 and in accordance with the foregoing. 
 NOW, THEREFORE, the Plan is hereby amended as follows: 

1. Capitalized terms used in this Amendment and not otherwise defined herein have the respective meanings assigned to such terms in the Plan.

 2. Effective January 1, 2006, Section 11(b) of the Plan is amended by deleting the existing language therein in its entirety and
inserting in lieu thereof the following: 
 “(b) Distribution shall be in accordance with Section 10 above, except that distribution
of stock equivalents in the Account shall be made, as determined by the Company, in either (i) shares of Common Stock in accordance with the provisions of Section 9(b)(iii), or (ii) in cash in an amount equal to the number of stock
equivalents to be distributed multiplied by the greater of (i) the Average Closing Price of the Common Stock for the twenty (20) trading days ending on the day preceding the date on which the right to such distribution arose; (ii) the
Average Closing Price of the Common Stock for the twenty (20) trading days ending on the day preceding the date of the Change in Control; or (iii) the highest price per share of Common Stock in the transaction or series of transactions
constituting the Change in Control.” 
 3. All other terms, conditions, and provisions of the Plan not herein modified shall remain in
full force and effect. 

 IN WITNESS WHEREOF, the Employer has caused this Amendment Two to the Alabama National
BanCorporation Performance Share Plan for Certain Directors of Citizens’ and People’s Bank, N.A. to be executed by its duly authorized officer as of the date first written above. 
  

			
	ALABAMA NATIONAL BANCORPORATION
	(Employer)
		
	By:	 	 /s/ John H. Holcomb III

		
	 Its:   
	 	 Chairman of the Board

  

 - 2 -Amendment One, Performance Share and Deferral Plan for Non-Employee Directors

 Exhibit 10.42A 
 AMENDMENT ONE 
 ALABAMA NATIONAL BANCORPORATION 
 PERFORMANCE SHARE AND DEFERRAL PLAN 
 FOR NON-EMPLOYEE DIRECTORS OF 
 AFFILIATE BANKS 
 This Amendment One to the Alabama National BanCorporation Performance Share and Deferral Plan for Non-Employee Directors of Affiliate Banks is hereby
made as of this 30th day of December, 2005, by Alabama National BanCorporation. 
 WITNESSETH: 
 WHEREAS,
Alabama National BanCorporation (the “Employer”) has previously adopted and approved the Alabama National BanCorporation Performance Share and Deferral Plan for Non-Employee Directors of Affiliate Banks (the “Plan”); 

WHEREAS, pursuant to duly adopted resolutions, the Board of Directors of the Employer has elected to adopt an amendment (the
“Amendment”) to the Plan in order to ensure that amounts deferred under the Plan and allocated as a share allotment are not required to be classified as a liability of the Employer pursuant to Financial Accounting Standards Board Statement
123 (revised 2004), Share-Based Payment (“FAS 123(R)”); and 
 WHEREAS, the Employer now desires to amend the Plan in
accordance Section 11(a) and in accordance with the foregoing. 
 NOW, THEREFORE, the Plan is hereby amended as follows:

 1. Capitalized terms used in this Amendment and not otherwise defined herein have the respective meanings assigned to such terms in the
Plan. 
 2. Effective January 1, 2006, Section 12(a) of the Plan is amended by deleting all provisions following the first
semi-colon therein in their entirety and inserting in lieu thereof the following: 
 “(c) ; however, all distributions under this
Section 12 shall be made, as determined by the Committee, in either (i) shares of Common Stock in accordance with the provisions of Section 9, or (ii) in cash in an amount equal to the number of stock equivalents to be
distributed multiplied by the greater of (i) the Average Closing Price of the Common Stock for the twenty (20) trading days ending on the day preceding the date on which the right to such distribution arose; (ii) the Average Closing
Price of the Common Stock for the twenty (20) trading days ending on the day preceding the date of the Change in Control; or (iii) the highest price per share of Common Stock in the transaction or series of transactions constituting the
Change in Control.” 
 3. All other terms, conditions, and provisions of the Plan not herein modified shall remain in full force and
effect. 

 IN WITNESS WHEREOF, the Employer has caused this Amendment One to the Alabama National
BanCorporation Performance Share and Deferral Plan for Non-Employee Directors of Affiliate Banks to be executed by its duly authorized officer as of the date first written above. 
  

			
	ALABAMA NATIONAL BANCORPORATION
	(Employer)
		
	By:	 	 /s/ John H. Holcomb III

		
	 Its:   
	 	 Chairman of the Board

  

 - 2 -Summary of Compensation Arrangements with Named Executive Officers

 Exhibit 10.44 
 SUMMARY OF COMPENSATION ARRANGEMENTS 
 WITH NAMED EXECUTIVE OFFICERS AND DIRECTORS 

(EFFECTIVE JANUARY 1, 2006) 
 Named Executive
Officers 
 The following summarizes the current cash compensation and benefits received by Alabama National’s Chief Executive
Officer and its other four individuals who were the most highly compensated executive officers at the end of fiscal year 2005 (the “Named Executive Officers”). The following is intended to be a summary of existing oral, at will
arrangements, and in no way is intended to provide any additional rights to any of the Named Executive Officers. 
 None of Alabama
National’s executive officers has a written employment agreement with Alabama National. The executive officers of Alabama National serve at the discretion of the Board of Directors. The Compensation Committee of the Board (the
“Committee”) reviews and determines the salaries that are paid to Alabama National’s executive officers, including the Named Executive Officers. The current salaries of the Named Executive Officers are as follows: 
  

				
	 Name and Position
	  	Salary
	 John H. Holcomb, III
 Chairman and Chief Executive Officer
	  	$	460,000
		
	 Dan M. David
 Vice Chairman
	  	$	220,000
		
	 Richard Murray, IV
 President and Chief Operating Officer
	  	$	280,000
		
	 William E. Matthews, V
 Executive Vice President and Chief Financial Officer
	  	$	260,000
		
	 James R. Thompson III
 Chief Executive Officer of First American Bank
	  	$	225,000

 The Named Executive Officers are eligible to receive an annual incentive bonus under Alabama
National’s Annual Incentive Plan. The Named Executive Officers are also eligible to participate in Alabama National’s executive and regular benefit plans and programs, including long-term incentive compensation plans. All executive benefit
plans and agreements are filed as exhibits to Alabama National’s Exchange Act filings. Information regarding these plans and agreements, as well as compensation paid or earned during fiscal 2005, will be included in the Company’s 2006
Proxy Statement. 
 Directors 
 Current
director compensation arrangements provide that non-employee directors of Alabama National will receive an annual retainer of $24,000, as well as an attendance fee of $1,100 for each meeting of the Board of Directors and $1,100 for each meeting of a
committee of the Board of Directors that they attend ($550 per conference call meeting of a committee). Chairpersons of committees receive an attendance fee of $2,200 for each committee meeting they attend ($1,100 per conference call meeting of a
committee). Employee directors of ANB do not receive any board fees. 
 Six of Alabama National’s directors, Messrs. McWane, Page,
McMahon, Montgomery, Barnes, and Greene also serve on the board of directors of one of Alabama National’s subsidiary banks, and receive an attendance fee of $200 for each subsidiary bank board meeting and committee meeting attended. Four
Alabama National directors, 

 
Ms. Bradley, Mr. Denson, Dr. Nix and Mr. Plunk, also serve on an advisory board of First American Bank and receive fees of $200 per
meeting attended. Employee directors of subsidiary banks do not receive any board fees. 
 Non-employee directors may elect to defer payment
to a specified date of all or any portion of their annual retainer and attendance fees under the ANB Deferral of Compensation Plan for Non-Employee Directors. In addition, non-employee directors that serve on certain bank subsidiary boards, may
elect to defer subsidiary bank board fees under the ANB Deferral of Compensation Plan for Non-Employee Directors of the Subsidiary Banks. Fees that are deferred under these plans may be credited to the directors, at the election of the director, in
cash or common stock equivalents or a combination thereof. The common stock equivalents are converted into shares of Alabama National common stock only after termination of service on the applicable board. The common stock equivalents are credited
with dividend equivalents that are equal in value to the dividends on our common stock.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00099-of-00352.parquet"}]]