Document:

EX-10.2

 Exhibit 10.2 

PINNACLE FINANCIAL PARTNERS, INC. 

2016 RESTRICTED STOCK AWARD AGREEMENT 

Avenue Leadership 
 THIS
RESTRICTED STOCK AWARD AGREEMENT (the “Agreement”) is by and between Pinnacle Financial Partners, Inc., a Tennessee corporation (the “Company”), and
                     (the “Grantee”). Capitalized terms used but not defined in this Agreement shall have the meaning ascribed to
such terms in the Pinnacle Financial Partners, Inc. 2014 Equity Incentive Plan, as amended (the “Plan”). 
 Section 1.
Restricted Stock Award. The Grantee is hereby granted the right to receive          shares (the “Restricted Stock”) of the Company’s common stock, $1.00 par value per share (the
“Common Stock”), subject to the terms and conditions of this Agreement and the Plan. 
 Section 2. Lapse of
Restrictions. (a) Subject to Sections 5 and 8 hereof, the restrictions associated with the shares of Restricted Stock granted pursuant to Section 1 hereof shall lapse at such times (each, a “Vesting
Date”) and in the amounts set forth below based on the Company achieving levels of Return on Average Tangible Assets (“ROATA”) as described in more detail in Exhibit A for each of the fiscal years ending December 31,
2017, December 31, 2018 and December 31, 2019 (each such period a “Performance Period”) established by the Human Resources and Compensation Committee (the “Compensation Committee”) of the Board of Directors of the
Company not later than the last day of the first 25% of the applicable Performance Period: 
 (i) the restrictions with respect to up to
         shares of Restricted Stock granted hereunder shall lapse on the date that the Company’s independent auditors issue their report on the Company’s financial statements for the
fiscal year ending December 31, 2017, with the actual number of shares for which the forfeiture restrictions shall lapse being based on the Company’s actual ROATA (calculated in accordance with Exhibit A) for that Performance Period
in relation to the levels of ROATA established by the Compensation Committee for that Performance Period and provided further that the Company’s Nonperforming Asset Ratio (as described in Exhibit A) is less than or equal to
[        ]% as of December 31, 2017 (collectively, the ROATA and the Nonperforming Asset Ratio comprise the “2017 Performance Measurements”); 

(ii) the restrictions with respect to up to          shares of Restricted Stock granted
hereunder shall lapse on the date that the Company’s independent auditors issue their report on the Company’s financial statements for the fiscal year ending December 31, 2018, with the actual number of shares for which the forfeiture
restrictions shall lapse being based on the Company’s actual ROATA (calculated in accordance with Exhibit A) for that Performance Period in relation to the levels of ROATA established by the Compensation Committee for that Performance
Period and provided further that the Company’s Nonperforming Asset Ratio (as described in Exhibit A) is less than or equal to [        ]% as of December 31, 2018 (collectively, the
ROATA and the Nonperforming Asset Ratio comprise the “2018 Performance Measurements”); and 

 (iii) the restrictions with respect to up to
         shares of Restricted Stock granted hereunder shall lapse on the date that the Company’s independent auditors issue their report on the Company’s financial statements for the
fiscal year ending December 31, 2019, with the actual number of shares for which the forfeiture restrictions shall lapse being based on the Company’s actual ROATA (calculated in accordance with Exhibit A) for that Performance Period
in relation to the levels of ROATA established by the Compensation Committee for that Performance Period and provided further that the Company’s Nonperforming Asset Ratio (as described in Exhibit A) is less than or equal to
[        ]% as of December 31, 2019 (collectively, the ROATA and the Nonperforming Asset Ratio comprise the “2017 Performance Measurements” and together with the 2016 Performance
Measurements and the 2017 Performance Measurements, the “Performance Measurements”). 
 (c) Any shares of Restricted Stock for
which the Performance Measurements identified above are not met shall be immediately forfeited and the Grantee shall have no further rights with respect to such shares of Restricted Stock. 

(e) In the event that the Compensation Committee determines that an event has occurred during any fiscal year which has impacted the
Company’s Performance Measurements for such fiscal year, the Compensation Committee shall have the right, in its sole and absolute discretion, to increase or decrease the Performance Measurements to reflect such event for purposes of
calculating the vesting of shares of Restricted Stock under this Section 2 for such fiscal year and for any or all future fiscal years; provided, however, that the Compensation Committee shall not make such changes as would cause the
award hereunder to be in violation of Section 162(m) of the Internal Revenue Code of 1986, as amended. 
 Section 3.
Distribution of Restricted Stock. Certificates representing the shares of Restricted Stock that have vested under Section 2 will be distributed to the Grantee as soon as practicable after each Vesting Date. 

Section 4 Voting Rights and Dividends. Prior to the distribution of unrestricted shares pursuant to Section 3,
certificates representing shares of the Restricted Stock issued pursuant to this Agreement will be held by the Company or such other person as the Company may designate (the “Custodian”) in the name of the Grantee. The Custodian will take
such action as is necessary and appropriate to enable the Grantee to vote the Restricted Stock. All dividends (whether paid in cash, shares of Common Stock or other property) paid by the Company prior to the Vesting Date with respect to any shares
of Restricted Stock granted hereunder shall be paid to the Custodian to be held in escrow for the benefit of the Grantee, and shall not be remitted to the Grantee until such time as the forfeiture restrictions with respect to the shares of the
Restricted Stock on which such dividends were paid lapse in accordance with Sections 2(a)(i), (a)(ii) or (a)(iii), as applicable, of this Agreement. Stock dividends issued with respect to the shares of the Restricted Stock prior
to the Vesting Date for such shares of Restricted Stock shall be treated as additional shares of the Restricted Stock that are subject to the same restrictions and other terms and conditions that apply to the shares of Restricted Stock on which such
dividends were paid. Notwithstanding the foregoing, no dividend rights shall inure to the Grantee with respect to shares of Restricted Stock that are forfeited pursuant to Section 1(c) of this Agreement and any dividends or other
distributions previously paid on shares of Restricted Stock prior to the forfeiture thereof shall be forfeited by the Grantee and promptly remitted to the Company by the Custodian. 

 Section 5. Termination/Change of Status. In the event that the Grantee’s
employment by the Company (or any Subsidiary or Affiliate of the Company) terminates for any reason, other than death, Disability or Retirement, all shares of Restricted Stock for which the forfeiture restrictions have not lapsed prior to the
termination of the Grantee’s employment (including, after giving effect to any pro rata lapsing of the forfeiture restrictions as provided for in the penultimate and final sentences of this Section 5) shall be immediately forfeited
and the Grantee shall have no further rights with respect to such shares of Restricted Stock. Moreover, in the event that the Grantee’s employment by the Company (or any Subsidiary or Affiliate of the Company) terminates for any reason other
than death, Disability or Retirement, the Company will recoup, recover, and recapture from the Grantee any dividends previously paid, or declared but not yet paid, on any shares of Restricted Stock for which the forfeiture restrictions had not yet
lapsed (including, after giving effect to any pro rata lapsing of the forfeiture restrictions as provided for in the penultimate and final sentences of this Section 5) prior to the termination of the Grantee’s employment and the
Company shall be entitled to set off (out of amounts otherwise payable or paid to the Grantee by the Company or any Subsidiary or Affiliate thereof) or otherwise require the Grantee or the Custodian to repay to the Company the amount of any such
dividends. In the event that the Grantee’s employment terminates by reason of death or Disability all Restricted Stock shall be deemed vested as of the date that the Grantee dies or the Company determines that the Grantee was disabled and, the
restrictions under the Plan and this Agreement with respect to the Restricted Stock shall automatically expire and shall be of no further force or effect as of such date. In the event that the Grantee’s employment by the Company (or any
Subsidiary or Affiliate of the Company) terminates by reason of Retirement, with the prior approval of the Committee, or its designee, (which may be withheld in its absolute discretion), the forfeiture restrictions with respect to that portion of
the Grantee’s shares of Restricted Stock that would have vested for the Performance Period in which the Grantee’s Retirement occurred but for the fact that the Grantee was not employed for the entire Performance Period shall lapse as of
the date described in Section 2(a)(i), (a)(ii) or (a)(iii), as applicable, and such shares shall be deemed vested in an amount equal to the product of (i) the number of shares of Restricted Stock granted under this
Agreement for the Performance Period in which the Grantee’s employment terminates by reason of Retirement that would have vested based on the Company’s actual performance for the Performance Period and (ii) the quotient, expressed as
a percentage, resulting from dividing (A) the number of days that have lapsed as of the Grantee’s date of Retirement from the first day of the applicable Performance Period and (B) 365, and, the Grantee shall be entitled to receive in
settlement of such Restricted Stock a like number of shares of the Company’s Common Stock. Any remaining unvested Restricted Stock (and any related dividends held by the Custodian or previously paid to the Grantee) will be immediately forfeited
in accordance with this Section 5. 
 Section 6. No Transfer or Pledge of Restricted Stock. No shares of Restricted
Stock may be sold, assigned, transferred, pledged, hypothecated or otherwise encumbered or disposed of prior to the date the forfeiture restrictions with respect to such shares have lapsed, if at all, on the Vesting Date applicable to such shares.

 Section 7. Withholding of Taxes. If the Grantee makes an election under section 83(b)
of the Code with respect to the shares of Restricted Stock granted hereunder, the award made pursuant to this Agreement shall be conditioned upon the Grantee making prompt payment to the Company of any applicable withholding obligations or
withholding taxes by the Grantee (“Withholding Taxes”). Failure by the Grantee to pay such Withholding Taxes will render this Agreement and the award granted hereunder null and void ab initio and the Restricted Stock granted hereunder will
be immediately cancelled. If the Grantee does not make an election under section 83(b) of the Code with respect to the award of Restricted Stock granted under this Agreement, upon a Vesting Date with respect to any portion of the Restricted Stock
(or property distributed with respect thereto), the Company shall cancel such shares of the Restricted Stock (or withhold property) having an aggregate Fair Market Value, on the date next preceding the Vesting Date, in an amount required to satisfy
the required Withholding Taxes as set forth by Internal Revenue Service guidelines for the employer`s minimum statutory withholding with respect to the Grantee. The Company shall deduct from any distribution of cash (whether or not related to the
award of Restricted Stock granted under this Agreement including, without limitation, salary payments) to the Grantee an amount as shall be reasonably required to satisfy the required Withholding Taxes as set forth by Internal Revenue Service
guidelines for the employer`s minimum statutory withholding with respect to the Grantee pertaining to cash payments under the award of Restricted Stock granted under this Agreement (including any cash dividends made in respect of the shares of
Restricted Stock subject to this award). 
 Section 8. Change in Control. In the event that a Change in Control (as defined in
the Plan) occurs prior to the lapsing of the forfeiture restrictions with respect to any portion of the shares of Restricted Stock awarded hereunder, the Compensation Committee, prior to consummation of such Change in Control, shall determine, based
on the Company’s actual performance in respect of the Performance Measurements for the period from the date of this Agreement through the date the Compensation Committee makes such determination, the number of shares of Restricted Stock for
which the forfeiture restrictions would be expected to lapse for the Performance Periods that are not yet completed at such time as the Compensation Committee makes its determination and the forfeiture restrictions with respect to such number of
shares of Restricted Stock shall, immediately prior to the consummation of such Change in Control, lapse without regard to whether the Performance Measurements with respect to such shares of Restricted Stock will thereafter be achieved. 

Section 9. No Right to Continued Employment. This Agreement shall not be construed as giving the Grantee the right to be retained
in the employ of the Company (or any Subsidiary or Affiliate of the Company), and the Company (or any Subsidiary or Affiliate of the Company) may at any time dismiss the Grantee from employment, free from any liability or any claim under the Plan or
this Agreement. 
 Section 10. Stock Subject to Award. In the event that the shares of Common Stock of the Company should, as a
result of a stock split or stock dividend or combination of shares or any other change, redesignation, merger, consolidation, recapitalization or otherwise, be increased or decreased or changed into or exchanged for a different number or kind of
shares of stock or other securities of the Company or of another corporation, the number of shares of Restricted Stock that have been awarded to Grantee shall be adjusted in an equitable and proportionate manner to reflect such action. If any such
adjustment shall result in a fractional share, such fraction shall be disregarded. 

 Section 11. Stock Power. Concurrently with the execution of this Agreement, the
Grantee shall deliver to the Company a stock power, endorsed in blank, relating to the shares of Restricted Stock. Such stock power shall be in the form attached hereto as Exhibit B. 

Section 12. Legend. Each certificate representing shares of the Restricted Stock shall bear a legend in substantially the
following form: 
 THIS CERTIFICATE AND THE SHARES OF STOCK REPRESENTED HEREBY ARE SUBJECT TO THE TERMS AND CONDITIONS (INCLUDING FORFEITURE
AND RESTRICTIONS AGAINST TRANSFER) CONTAINED IN THE PINNACLE FINANCIAL PARTNERS, INC. 2014 EQUITY INCENTIVE PLAN, AS AMENDED (THE “PLAN”) AND THE RESTRICTED STOCK AGREEMENT (THE “AGREEMENT”) BETWEEN THE OWNER OF THE RESTRICTED
STOCK REPRESENTED HEREBY AND PINNACLE FINANCIAL PARTNERS, INC. (THE “COMPANY”). THE RELEASE OF SUCH STOCK FROM SUCH TERMS AND CONDITIONS SHALL BE MADE ONLY IN ACCORDANCE WITH THE PROVISIONS OF THE PLAN AND THE AGREEMENT, COPIES OF WHICH
ARE ON FILE AT THE COMPANY. 
 Section 13. Governing Provisions. This Agreement is made under and subject to the provisions of
the Plan, and all of the provisions of the Plan are also provisions of this Agreement. If there is a difference or conflict between the provisions of this Agreement and the provisions of the Plan, the provisions of the Plan will govern. By signing
this Agreement, the Grantee confirms that he or she has received a copy of the Plan. 
 Section 14. Miscellaneous. 

14.1 Entire Agreement. This Agreement and the Plan contain the entire understanding and agreement between the Company and the Grantee
concerning the Restricted Stock and the shares of the Company’s Common Stock that may be issued pursuant to this Agreement, and supersede any prior or contemporaneous negotiations and understandings. The Company and the Grantee have made no
promises, agreements, conditions or understandings relating to the Restricted Stock or the shares of the Company’s Common Stock that may be issued pursuant to this Agreement, either orally or in writing, that are not included in this Agreement
or the Plan. 

 14.2 Captions. The captions and section numbers appearing in this Agreement are inserted
only as a matter of convenience. They do not define, limit, construe or describe the scope or intent of the provisions of this Agreement. 

14.3 Counterparts. This Agreement may be executed in counterparts, each of which when signed by the Company and the Grantee will be
deemed an original and all of which together will be deemed the same Agreement. 
 14.4 Compliance With Laws and Regulations. The
award of Restricted Stock (and, if issued in settlement of Restricted Stock, shares of the Company’s Common Stock) evidenced hereby shall be subject to all applicable federal and state laws, rules, and regulations, and to such approvals by any
governmental or regulatory agency as may be required. 
 14.5 Notice. Any notice or communication having to do with this Agreement
must be given by personal delivery or by certified mail, return receipt requested, addressed, if to the Company, to the principal office of the Company, and, if to the Grantee, to the Grantee’s last known address provided by the Grantee to the
Company. 
 14.6 Amendment. This Agreement may be amended by the Company, provided that unless the Grantee consents in writing, the
Company cannot amend this Agreement if the amendment will materially change or impair the Grantee’s rights under this Agreement and such change is not to the Grantee’s benefit. 

14.7 Successors and Assignment. Each and all of the provisions of this Agreement are binding upon and inure to the benefit of the
Company and the Grantee and their heirs, successors, and assigns. However, the Restricted Stock may not be assigned or transferred except as otherwise set forth in this Agreement or the Plan. 

14.8 Governing Law. This Agreement shall be governed and construed exclusively in accordance with the laws of the State of Tennessee
applicable to agreements to be performed in the State of Tennessee. 
 [Signature page to follow.] 

 IN WITNESS WHEREOF, the Company and the Grantee have executed this Agreement to be
effective as of July         , 2016. 
  

			
	PINNACLE FINANCIAL PARTNERS, INC.:
		
	By:	 	 
	Name:	 	Hugh M. Queener
	Title:	 	Chief Administrative Officer and Corporate Secretary
	
	GRANTEE:
		
	By:	 	 
	Name:	 	

 EXHIBIT A 

Performance Measurements 

The Performance Measurements shall be established by the Compensation Committee and once established shall thereafter be communicated to the
Grantee. The Performance Measurements shall consist of the Company’s Return on Average Tangible Assets for each Performance Period and the Company’s NPA Ratio as of the last day of each Performance Period. 

Return on Average Tangible Assets. For purposes of this Exhibit A, “Return on Average Tangible Assets” means the quotient,
expressed as a percentage rounded to two decimal points, of (I) the Company’s net income for the applicable Performance Period as reported in the Company’s Annual Report on Form 10-K for the applicable Performance Period divided by
(II) the Company’s average tangible assets for the applicable Performance Period as reflected in the Company’s Annual Report on Form 10-K for the applicable Performance Period, as adjusted to eliminate the effects of the following:
(a) gains or losses on the sale of a business or a business segment, (b) gains or losses on the extinguishment of debt or the sale of investment securities, (c) asset or investment impairment charges (other than those related to the
Company’s loan portfolio in the ordinary course of business), (d) restructuring charges, (e) changes in law or accounting principles, and (f) any other expenses or losses resulting from significant, unusual and/or nonrecurring
events, as described in management’s discussion and analysis of financial condition and results of operations appearing in the Company’s annual report to shareholders for the Performance Period, in each case as determined in good faith by
the Compensation Committee. Moreover, and without limiting the foregoing, Return on Average Tangible Assets shall be adjusted to exclude the effects of any costs or expenses associated with any merger or acquisition affecting the Company or any of
its Subsidiaries or any other corporate transaction affecting the shares of the Company’s Common Stock as described in Section 4.2 of the Plan. 

NPA Ratio. The Nonperforming Assets Ratio (the “NPA Ratio”) for the Company shall be the quotient resulting from dividing the
sum of the unpaid principal balance of nonaccrual loans and other real estate by the sum of total loans and other real estate in each case as reported on the Company’s Annual Report on Form 10-K for the applicable Performance Period. When
calculating the NPA Ratio for purposes of the Agreement, in the event that the Company or a subsidiary of the Company acquires a finance company, financial institution or a holding company of a financial institution or a branch office thereof, by
way of merger or otherwise, or in the event the Company or a subsidiary of the Company shall acquire in an arms-length purchase from a third party any low-quality asset, such acquired non-performing assets or purchased low-quality assets shall be
excluded from the calculation. 

 EXHIBIT B 

Stock Power 
 FOR VALUE RECEIVED, the
undersigned does hereby sell, assign and transfer to Pinnacle Financial Partners, Inc. (the “Company”),
                     shares of the Company`s common stock represented by Certificate No.
        . The undersigned authorizes the Secretary of the Company to transfer the stock on the books of the Company in the event of the forfeiture of any shares issued under the Restricted Stock
Agreement dated                     , 2015 between the Company and the undersigned. 

Dated:                     ,EX-10.3

 Exhibit 10.3 

Avenue Bank 
 Supplemental Executive Retirement Plan Agreement

  
  

AVENUE BANK 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT 

THIS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT (this “Agreement”) is adopted this 26 day of October, 2007, by and between
AVENUE BANK, a state-chartered commercial bank located in Nashville, Tennessee (the “Bank”), and RONALD SAMUELS (the “Executive”). 

The purpose of this Agreement is to provide specified benefits to the Executive, a member of a select group of management or highly
compensated employees who contribute materially to the continued growth, development and future business success of the Bank. This Agreement shall be unfunded for tax purposes and for purposes of Title I of the Employee Retirement Income Security
Act of 1974 (“ERISA”), as amended from time to time. 
 Article 1 

Definitions 
 Whenever used
in this Agreement, the following words and phrases shall have the meanings specified: 
  

	1.1	“Base Salary” means the annualized cash compensation relating to services performed during any calendar year, excluding distributions from nonqualified deferred compensation plans, bonuses, commissions,
overtime, fringe benefits, stock options, relocation expenses, incentive payments, non-monetary awards, and other fees, and automobile and other allowances paid to the Executive for employment rendered (whether or not such allowances are included in
the Executive’s gross income). Base Salary shall be calculated before reduction for compensation voluntarily deferred or contributed by the Executive pursuant to all qualified or non-qualified plans of
the Bank and shall be calculated to include amounts not otherwise included in the Executive’s gross income under Code Sections 125, 402(e)(3), 402(h), or 403(b) pursuant to plans established by the Bank; provided, however, that all such amounts
will be included in compensation only to the extent that had there been no such plan, the amount would have been payable in cash to the Executive. 

  

	1.2	“Beneficiary” means each designated person or entity, or the estate of the deceased Executive, entitled to any benefits upon the death of the Executive pursuant to Article 4. 

 

	1.3	“Beneficiary Designation Form” means the form established from time to time by the Plan Administrator that the Executive completes, signs and returns to the Plan Administrator to designate one or more
Beneficiaries. 

  

	1.4	“Board” means the Board of Directors of the Bank as from time to time constituted. 

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	1.5	“Change in Control” means a change in the ownership or effective control of the Bank, or in the ownership of a substantial portion of the assets of the Bank, as such change is defined in Code
Section 409A and regulations thereunder. 

  

	1.6	“Code” means the Internal Revenue Code of 1986, as amended, and all regulations and guidance thereunder, including such regulations and guidance as may be promulgated after the Effective Date.

  

	1.7	“Disability” means the Executive: (i) is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result
in death or can be expected to last for a continuous period of not less than twelve (12) months; or (ii) is, by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected
to last for a continuous period of not less than twelve (12) months, receiving income replacement benefits for a period of not less than three (3) months under an accident and health plan covering employees of the Bank. The Executive shall
be deemed to be disabled if determined to be totally disabled by the Social Security Administration. The Executive will also be deemed to be disabled if determined to be disabled in accordance with a disability insurance program covering employees
of the Bank provided that the definition of “disability” applied under such insurance program complies with the requirements of the preceding sentence. Upon the request of the Plan Administrator, the Executive must submit proof to the Plan
Administrator of the Social Security Administration’s or the provider’s determination. 

  

	1.8	“Early Termination” means Separation from Service before attainment of Normal Retirement Age except when such Separation from Service occurs within twenty-four (24) months following a Change in
Control or due to death or Termination for Cause. 

  

	1.9	“Effective Date” means September 1, 2007. 

  

	1.10	“Normal Retirement Age” means November 1, 2011. 

  

	1.11	“Normal Retirement Date” means the later of Normal Retirement Age or Separation from Service. 

  

	1.12	“Plan Administrator” means the Board or such committee or person as the Board shall appoint. 

  

	1.13	“Plan Year” means each twelve (12) month period commencing on January 1 and ending on December 31 of each year. The initial Plan Year shall commence on the Effective Date of this
Agreement and end on the following December 31. 

  

	1.14	 “Separation from Service” means termination of the Executive’s employment with the Bank for
reasons other than death. Whether a Separation from Service has occurred is determined in accordance with the requirements of Code Section 409A based on whether the facts and circumstances indicate that the Bank and Executive reasonably
anticipated 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	 	
that no further services would be performed after a certain date or that the level of bona fide services the Executive would perform after such date (whether as an employee or as an independent
contractor) would permanently decrease to no more than twenty percent (20%) of the average level of bona fide services performed (whether as an employee or an independent contractor) over the immediately preceding thirty-six (36) month
period (or the full period of services to the Bank if the Executive has been providing services to the Bank less than thirty-six (36) months). 

  

	1.15	“Specified Employee” means an employee who at the time of Separation from Service is a key employee of the Bank, if any stock of the Bank is publicly traded on an established securities market or
otherwise. For purposes of this Agreement, an employee is a key employee if the employee meets the requirements of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied in accordance with the regulations thereunder and disregarding section
416(i)(5)) at any time during the twelve (12) month period ending on December 31 (the “identification period”). If the employee is a key employee during an identification period, the employee is treated as a key employee for
purposes of this Agreement during the twelve (12) month period that begins on the first day of April following the close of the identification period. 

  

	1.16	“Termination for Cause” means Separation from Service for: 

  

	 	(a)	Gross negligence or gross neglect of duties to the Bank; 

  

	 	(b)	Conviction of a felony or of a gross misdemeanor involving moral turpitude in connection with the Executive’s employment with the Bank; or 

 

	 	(c)	Fraud, disloyalty, dishonesty or willful violation of any law or significant Bank policy committed in connection with the Executive’s employment and resulting in a material adverse effect on the Bank.

 Article 2 

Distributions During Lifetime 
  

	2.1	Normal Retirement Benefit. Upon Separation from Service on or after attaining Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in this Section 2.1 in lieu of any other
benefit under this Article. 

  

	 	2.1.1	Amount of Benefit. The annual benefit under this Section 2.1 is an amount equal to sixty percent (60%) of the average Base Salary for the sixty (60) full months immediately preceding Separation
from Service. If Separation from Service is prior to sixty (60) full months of employment, then Base Salary is the average of Base Salary for the period served. 

 

	 	2.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following the Separation from
Service. The annual benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years; or (ii) the Executive’s lifetime. 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	2.2	Early Termination Benefit. If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.

  

	 	2.2.1	Amount of Benefit. The annual benefit under this Section 2.2 is an amount equal to sixty percent (60%) of the average Base Salary for the sixty (60) full months immediately preceding Separation
from Service subject to the following vesting schedule: 

  

					
	 Date in which Separation from Service occurs
	  	Vesting Percentage	 
	 Before 11/1/2007
	  	 	0	% 
	 11/1/2007 – 10/31/2008
	  	 	20	% 
	 11/1/2008 – 10/31/2009
	  	 	40	% 
	 11/1/2009 – 10/31/2010
	  	 	60	% 
	 11/1/2010 – 10/31/2011
	  	 	80	% 
	 After 10/31/2011
	  	 	100	% 

 If Separation from Service is prior to sixty (60) full months of employment, then Base Salary is the
average Base Salary for the period served. 
  

	 	2.2.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual
benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years; or (ii) the Executive’s lifetime. 

  

	2.3	Disability Benefit. If the Executive experiences a Disability which results in a Separation from Service prior to Normal Retirement Age, the Bank shall distribute to the Executive the benefit described in
this Section 2.3 in lieu of any other benefit under this Article. 

  

	 	2.3.1	Amount of Benefit. The annual benefit under this Section 2.3 is an amount equal to sixty percent (60%) of the average Base Salary for the sixty (60) full months immediately preceding Separation
from Service subject to the following vesting schedule: 

  

					
	 Date in which Separation from Service occurs
	  	Vesting Percentage	 
	 Before 11/1/2007
	  	 	0	% 
	 11/1/2007 – 10/31/2008
	  	 	20	% 
	 11/1/2008 – 10/31/2009
	  	 	40	% 
	 11/1/2009 – 10/31/2010
	  	 	60	% 
	 11/1/2010 – 10/31/2011
	  	 	80	% 
	 After 10/31/2011
	  	 	100	% 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

 If Separation from Service is prior to sixty (60) full months of employment, then Base
Salary is the average Base Salary for the period served. 
  

	 	2.3.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Normal Retirement Age. The annual
benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years; or (ii) the Executive’s lifetime. 

  

	2.4	Change in Control Benefit. If a Change in Control occurs, followed within twenty (24) months by a Separation from Service, the Bank shall distribute to the Executive the benefit described in this
Section 2.4 in lieu of any other benefit under this Article. 

  

	 	2.4.1	Amount of Benefit. The annual benefit under this Section 2.4 is an amount equal to sixty percent (60%) of the average Base Salary for the sixty (60) full months immediately preceding
Separation from Service. If Separation from Service is prior to sixty (60) full months, then Base Salary is the average Base Salary for the period served. 

  

	 	2.4.2	Distribution of Benefit. The Bank shall distribute the benefit to the Executive in twelve (12) equal monthly installments commencing on the first day of the month following Separation from Service. The
annual benefit shall be distributed to the Executive for the greater of: (i) fifteen (15) years; or (ii) the Executive’s lifetime. 

  

	 	2.4.3	Excess Parachute Payment Gross-up. If any benefit distributable under this Agreement would create an excise tax under the excess parachute rules of Code Section 280G, the Bank shall distribute to the
Executive an additional amount (the “Gross-up”) equal to: the Executive’s excise penalty tax and any Medicare or Social Security taxes under this Agreement amount divided by the difference between (one minus the sum of (the
penalty tax rate plus the Executive’s marginal income tax rate)). The Gross-up shall be paid in the same matter as in Section 2.4.2. 

  

	2.5	 Medicare/Social Security Gross-Up. The Bank shall annually pay to the Executive an amount equal to the
Medicare and Social Security taxes attributable to the Executive under this Agreement. The Bank shall calculate the amount due to the Executive by multiplying, one and forty-five one hundredths percent (1.45%) times any amounts under

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	 	
this Agreement causing Medicare taxes and by multiplying six and twenty one hundred percent (6.20%) times any amounts under this Agreement causing Social Security taxes for amounts below the
FICA Wage Limit. If the Executive’s Social Security wages exceed the FICA Wage Limit and this Agreement does not cause any additional Social Security tax to be paid by the Executive, Social Security taxes will not be grossed up under this
Agreement. 

 The Medicare/Social Security gross-up shall be paid within two and one-half (2
 1⁄2) months following the end of each calendar year. 
  

	2.6	Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a Specified Employee, the provisions of this Section 2.6
shall govern all distributions hereunder. If benefit distributions which would otherwise be made to the Executive due to Separation from Service are limited because the Executive is a Specified Employee, then such distributions shall not be made
during the first six (6) months following Separation from Service. Rather, any distribution which would otherwise be paid to the Executive during such period shall be accumulated and paid to the Executive in a lump sum on the first day of the
seventh month following Separation from Service. All subsequent distributions shall be paid in the manner specified. 

  

	2.7	Distributions Upon Taxation of Amounts Deferred. If, pursuant to Code Section 409A, the Federal Insurance Contributions Act or other state, local or foreign tax, the Executive becomes subject to tax on the
amounts deferred hereunder, then the Bank may make a limited distribution to the Executive in a manner that conforms to the requirements of Code section 409A. Any such distribution will decrease the Executive’s benefits distributable under this
Article 2. 

  

	2.8	Change in Form or Timing of Distributions. For distribution of benefits under this Article 2, the Executive and the Bank may, subject to the terms of Section 8.1, amend this Agreement to delay the
timing or change the form of distributions. Any such amendment: 

  

	 	(a)	may not accelerate the time or schedule of any distribution, except as provided in Code Section 409A; 

  

	 	(b)	must, for benefits distributable under Section 2.5, be made at least twelve (12) months prior to the first scheduled distribution; 

 

	 	(c)	must, for benefits distributable under Sections 2.1, 2.2, 2.3, 2.4 and 2.5, delay the commencement of distributions for a minimum of five (5) years from the date the first distribution was originally scheduled to
be made; and 

  

	 	(d)	must take effect not less than twelve (12) months after the amendment is made. 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

 Article 3 

Distribution at Death 
  

	3.1	Death During Active Service. If the Executive dies prior to Separation from Service, the Bank shall distribute to the Beneficiary the benefit described in this Section 3.1. This benefit shall be distributed
in lieu of any benefit under Article 2. 

  

	 	3.1.1	Amount of Benefit. The annual benefit under this Section 3.1 is an amount equal to sixty percent (60%) of the average Base Salary for the sixty (60) full months immediately preceding Separation
from Service. If Separation from Service is prior to sixty (60) full months of employment, then Base Salary is the average Base Salary for the period served. 

 

	 	3.1.2	Distribution of Benefit. The Bank shall distribute the annual benefit to the Beneficiary in twelve (12) equal monthly installments for fifteen (15) years commencing within sixty (60) days following
the Executive’s death. The Beneficiary shall be required to provide to the Bank the Executive’s death certificate. 

  

	3.2	Death During Distribution of a Benefit. If the Executive dies after any benefit distributions have commenced under this Agreement but before receiving all such distributions, the Bank shall distribute to the
Beneficiary the remaining benefits at the same time and in the same amounts they would have been distributed to the Executive had the Executive survived; provided, however, for benefits payable under Article 2, if the Executive has received less
than one hundred eighty (180) equal consecutive monthly installments, the Beneficiary shall continue to receive the same amounts at the same times until the sum of the installments to the Beneficiary and Executive total one hundred eighty
(180). 

  

	3.3	Death Before Benefit Distributions Commence. If the Executive is entitled to benefit distributions under this Agreement but dies prior to the date that commencement of said benefit distributions are
scheduled to be made under this Agreement, the Bank shall distribute to the Beneficiary the same benefits to which the Executive was entitled prior to death, except that the benefit distributions shall commence within sixty (60) days following
the Executive’s death for a total of one hundred eighty (180) equal consecutive monthly installments. 

 Article 4

 Beneficiaries 
  

	4.1	In General. The Executive shall have the right, at any time, to designate a Beneficiary to receive any benefit distributions under this Agreement upon the death of the Executive. The Beneficiary designated under
this Agreement may be the same as or different from the beneficiary designated under any other plan of the Bank in which the Executive participates. 

  

	4.2	 Designation. The Executive shall designate a Beneficiary by completing and signing the Beneficiary
Designation Form and delivering it to the Plan Administrator or its 

  

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Supplemental Executive Retirement Plan Agreement 
  

 
  

	 	
designated agent. If the Executive names someone other than the Executive’s spouse as a Beneficiary, the Plan Administrator may, in its sole discretion, determine that spousal consent is
required to be provided in a form designated by the Plan Administrator, executed by the Executive’s spouse and returned to the Plan Administrator. The Executive’s beneficiary designation shall be deemed automatically revoked if the
Beneficiary predeceases the Executive or if the Executive names a spouse as Beneficiary and the marriage is subsequently dissolved. The Executive shall have the right to change a Beneficiary by completing, signing and otherwise complying with the
terms of the Beneficiary Designation Form and the Plan Administrator’s rules and procedures. Upon the acceptance by the Plan Administrator of a new Beneficiary Designation Form, all Beneficiary designations previously filed shall be cancelled.
The Plan Administrator shall be entitled to rely on the last Beneficiary Designation Form filed by the Executive and accepted by the Plan Administrator prior to the Executive’s death. 

 

	4.3	Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received, accepted and acknowledged in writing by the Plan Administrator or its designated agent.

  

	4.4	No Beneficiary Designation. If the Executive dies without a valid beneficiary designation, or if all designated Beneficiaries predecease the Executive, then the Executive’s spouse shall be the designated
Beneficiary. If the Executive has no surviving spouse, any benefit shall be paid to the Executive’s estate. 

  

	4.5	Facility of Distribution. If the Plan Administrator determines in its discretion that a benefit is to be distributed to a minor, to a person declared incompetent or to a person incapable of handling the
disposition of that person’s property, the Plan Administrator may direct distribution of such benefit to the guardian, legal representative or person having the care or custody of such minor, incompetent person or incapable person. The Plan
Administrator may require proof of incompetence, minority or guardianship as it may deem appropriate prior to distribution of the benefit. Any distribution of a benefit shall be a distribution for the account of the Executive and the Beneficiary, as
the case may be, and shall completely discharge any liability under this Agreement for such distribution amount. 

 Article
5 
 General Limitations 
  

	5.1	Termination for Cause. Notwithstanding any provision of this Agreement to the contrary, the Executive shall not be entitled to, and the Bank shall not distribute, any benefit under this Agreement if the
Executive’s employment with the Bank is terminated by the Bank or an applicable regulator due to a Termination for Cause. 

  

	5.2	Suicide or Misstatement. No benefit shall be earned or distributed if the Executive commits suicide within two (2) years after the Effective Date, or if an insurance company which issued a life insurance
policy covering the Executive and owned by the Bank denies coverage (i) for material misstatements of fact made by the Executive on an application for such life insurance, or (ii) for any other reason. 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	5.3	Removal. Notwithstanding any provision of this Agreement to the contrary, the Executive shall not be entitled to, and the Bank shall not distribute, any benefit under this Agreement if the Executive is subject to
a final removal or prohibition order issued by an appropriate federal banking agency pursuant to Section 8(e) of the Federal Deposit Insurance Act. Notwithstanding anything herein to the contrary, any payments made to the Executive pursuant to
this Agreement, or otherwise, shall be subject to and conditioned upon compliance with 12 U.S.C. 1828 and FDIC Regulation 12 CFR Part 359, Golden Parachute Indemnification Payments and any other regulations or guidance promulgated thereunder.

  

	5.4	Forfeiture Provision. The Executive shall forfeit any non-distributed benefits under this Agreement if during the term of this Agreement and within thirty-six (36) months following a Separation from Service,
the Executive, directly or indirectly, either as an individual or as a proprietor, stockholder, partner, officer, director, employee, agent, consultant or independent contractor of any individual, partnership, corporation or other entity (excluding
an ownership interest of three percent (3%) or less in the stock of a publicly-traded company): 

  

	 	(i)	becomes employed by, participates in, or becomes connected in any manner with the ownership, management, operation or control of any bank, savings and loan or other similar financial institution if the Executive’s
responsibilities will include providing banking or other financial services within twenty-five (25) miles of any office maintained by the Bank as of the date of the termination of the Executive’s employment; 

 

	 	(ii)	participates in any way in hiring or otherwise engaging, or assisting any other person or entity in hiring or otherwise engaging, on a regular or temporary, part-time or full-time basis, any individual who was employed
by the Bank as of the date of termination of the Executive’s employment; 

  

	 	(iii)	assists, advises, or serves in any capacity, representative or otherwise, any third party in any action against the Bank or transaction involving the Bank; 

 

	 	(iv)	sells, offers to sell, provides banking or other financial services, assists any other person in selling or providing banking or other financial services, or solicits or otherwise competes for, either directly or
indirectly, any orders, contract, or accounts for services of a kind or nature like or substantially similar to the financial services performed or financial products sold by the Bank (the preceding hereinafter referred to as “Services”),
to or from any person or entity from whom the Executive or the Bank, to the knowledge of the Executive provided banking or other financial services, sold, offered to sell or solicited orders, contracts or accounts for Services during the three
(3) year period immediately prior to the termination of the Executive’s employment; 

  

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Supplemental Executive Retirement Plan Agreement 
  

 
  

	 	(v)	divulges, discloses, or communicates to others in any manner whatsoever, any confidential information of the Bank, to the knowledge of the Executive, including, but not limited to, the names and addresses of customers
or prospective customers, of the Bank, as they may have existed from time to time, of work performed or services rendered for any customer, any method and/or procedures relating to projects or other work developed for the Bank, earnings or other
information concerning the Bank. The restrictions contained in this subparagraph (v) apply to all information regarding the Bank, regardless of the source who provided or compiled such information. Notwithstanding anything to the contrary, all
information referred to herein shall not be disclosed unless and until it becomes known to the general public from sources other than the Executive. 

  

	5.5	Change in Control. The forfeiture provision detailed in Section 5.4 hereof shall not be enforceable following a Change in Control. 

Article 6 

Administration of Agreement 
  

	6.1	Plan Administrator Duties. The Plan Administrator shall administer this Agreement according to its express terms and shall also have the discretion and authority to (i) make, amend, interpret and enforce all
appropriate rules and regulations for the administration of this Agreement and (ii) decide or resolve any and all questions, including interpretations of this Agreement, as may arise in connection with this Agreement to the extent the exercise
of such discretion and authority does not conflict with Code Section 409A. 

  

	6.2	Agents. In the administration of this Agreement, the Plan Administrator may employ agents and delegate to them such administrative duties as the Plan Administrator sees fit, including acting through a duly
appointed representative, and may from time to time consult with counsel who may be counsel to the Bank. 

  

	6.3	Binding Effect of Decisions. Any decision or action of the Plan Administrator with respect to any question arising out of or in connection with the administration, interpretation or application of this Agreement
and the rules and regulations promulgated hereunder shall be final and conclusive and binding upon all persons having any interest in this Agreement. 

  

	6.4	Indemnity of Plan Administrator. The Bank shall indemnify and hold harmless the Plan Administrator against any and all claims, losses, damages, expenses or liabilities arising from any action or failure to act
with respect to this Agreement, except in the case of willful misconduct by the Plan Administrator. 

  

	6.5	Bank Information. To enable the Plan Administrator to perform its functions, the Bank shall supply full and timely information to the Plan Administrator on all matters relating to the date and circumstances of
the Executive’s death, Disability or Separation from Service, and such other pertinent information as the Plan Administrator may reasonably require. 

  

	6.6	Annual Statement. The Plan Administrator shall provide to the Executive, within one hundred twenty (120) days after the end of each Plan Year, a statement setting forth the benefits to be distributed under
this Agreement. 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

 Article 7 

Claims and Review Procedures 
  

	7.1	Claims Procedure. An Executive or Beneficiary (“claimant”) who has not received benefits under this Agreement that he or she believes should be distributed shall make a claim for such benefits as
follows: 

  

	 	7.1.1	Initiation – Written Claim. The claimant initiates a claim by submitting to the Plan Administrator a written claim for the benefits. If such a claim relates to the contents of a notice or statement received
by the claimant, the claim must be made within sixty (60) days after such notice or statement was received by the claimant. All other claims must be made within one hundred eighty (180) days of the date on which the event that caused the
claim to arise occurred. The claim must state with particularity the determination desired by the claimant. 

  

	 	7.1.2	Timing of Plan Administrator Response. The Plan Administrator shall respond to such claimant within ninety (90) days after receiving the claim. If the Plan Administrator determines that special
circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional ninety (90) days by notifying the claimant in writing, prior to the end of the initial ninety (90) day
period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. 

 

	 	7.1.3	Notice of Decision. If the Plan Administrator denies part or all of the claim, the Plan Administrator shall notify the claimant in writing of such denial. The Plan Administrator shall write the notification in a
manner calculated to be understood by the claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of this Agreement on which the denial is based; 

  

	 	(c)	A description of any additional information or material necessary for the claimant to perfect the claim and an explanation of why it is needed; 

 

	 	(d)	An explanation of this Agreement’s review procedures and the time limits applicable to such procedures; and 

  

	 	(e)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a) following an adverse benefit determination on review. 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	7.2	Review Procedure. If the Plan Administrator denies part or all of the claim, the claimant shall have the opportunity for a full and fair review by the Plan Administrator of the denial as follows:

  

	 	7.2.1	Initiation – Written Request. To initiate the review, the claimant, within sixty (60) days after receiving the Plan Administrator’s notice of denial, must file with the Plan Administrator a written
request for review. 

  

	 	7.2.2	Additional Submissions – Information Access. The claimant shall then have the opportunity to submit written comments, documents, records and other information relating to the claim. The Plan Administrator
shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits.

  

	 	7.2.3	Considerations on Review. In considering the review, the Plan Administrator shall take into account all materials and information the claimant submits relating to the claim, without regard to whether such
information was submitted or considered in the initial benefit determination. 

  

	 	7.2.4	Timing of Plan Administrator Response. The Plan Administrator shall respond in writing to such claimant within sixty (60) days after receiving the request for review. If the Plan Administrator determines
that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional sixty (60) days by notifying the claimant in writing, prior to the end of the initial sixty
(60) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision. 

 

	 	7.2.5	Notice of Decision. The Plan Administrator shall notify the claimant in writing of its decision on review. The Plan Administrator shall write the notification in a manner calculated to be understood by the
claimant. The notification shall set forth: 

  

	 	(a)	The specific reasons for the denial; 

  

	 	(b)	A reference to the specific provisions of this Agreement on which the denial is based; 

  

	 	(c)	A statement that the claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA
regulations) to the claimant’s claim for benefits; and 

  

	 	(d)	A statement of the claimant’s right to bring a civil action under ERISA Section 502(a). 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

 Article 8 

Amendments and Termination 
  

	8.1	Amendments. This Agreement may be amended only by a written agreement signed by the Bank and the Executive. However, the Bank may unilaterally amend this Agreement to conform with written directives to the Bank
from its auditors or banking regulators or to comply with legislative changes or tax law, including without limitation Code Section 409A. 

  

	8.2	Plan Termination Generally. This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the vested benefit as specified in Article 2 or Article 3 as
applicable as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions
will be made at the earliest distribution event permitted under Article 2 or Article 3. 

  

	8.3	Plan Terminations Under Code Section 409A. Notwithstanding anything to the contrary in Section 8.2, if the Bank terminates this Agreement in the following circumstances: 

 

	 	(a)	Within thirty (30) days before or twelve (12) months after a Change in Control, provided that all distributions are made no later than twelve (12) months following such termination of this Agreement and
further provided that all the Bank’s arrangements which are substantially similar to this Agreement are terminated so the Executive and all participants in the similar arrangements are required to receive all amounts of
compensation deferred under the terminated arrangements within twelve (12) months of such termination; 

  

	 	(b)	Upon the Bank’s dissolution or with the approval of a bankruptcy court provided that the amounts deferred under this Agreement are included in the Executive’s gross income in the latest of (i) the
calendar year in which this Agreement terminates; (ii) the calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or (iii) the first calendar year in which the distribution is administratively
practical; or 

  

	 	(c)	Upon the Bank’s termination of this and all other arrangements that would be aggregated with this Agreement pursuant to Treasury Regulations Section 1.409A-1(c) if the Executive participated in such
arrangements (“Similar Arrangements”), provided that (i) the termination and liquidation does not occur proximate to a downturn in the financial health of the Bank, (ii) all termination distributions are made no earlier than
twelve (12) months and no later than twenty-four (24) months following such termination, and (iii) the Bank does not adopt any new arrangement that would be a Similar Arrangement for a minimum of three (3) years following the
date the Bank takes all necessary action to irrevocably terminate and liquidate the Agreement; 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

 the Bank may distribute the amount the Executive is vested in under this Agreement,
determined as of the date of the termination of this Agreement, to the Executive in a lump sum subject to the above terms. 
 Article 9

 Miscellaneous 
  

	9.1	Binding Effect. This Agreement shall bind the Executive and the Bank and their beneficiaries, survivors, executors, administrators and transferees. 

 

	9.2	No Guarantee of Employment. This Agreement is not a contract for employment. It does not give the Executive the right to remain as an employee of the Bank nor interfere with the Bank’s right to discharge the
Executive. It does not require the Executive to remain an employee nor interfere with the Executive’s right to terminate employment at any time. 

  

	9.3	Non-Transferability. Benefits under this Agreement cannot be sold, transferred, assigned, pledged, attached or encumbered in any manner. 

 

	9.4	Tax Withholding and Reporting. The Bank shall withhold any taxes that are required to be withheld, including but not limited to taxes owed under Code Section 409A from the benefits provided under this
Agreement. The Executive acknowledges that the Bank’s sole liability regarding taxes is to forward any amounts withheld to the appropriate taxing authorities. The Bank shall satisfy all applicable reporting requirements, including those under
Code Section 409A. 

  

	9.5	Applicable Law and Forum. This Agreement and all rights hereunder shall be governed by the laws of the State of Tennessee, except to the extent preempted by the laws of the United States of America. Any legal
action arising out of or related to this Agreement shall be brought in a court of competent jurisdiction located in Davidson County, Tennessee. 

  

	9.6	Unfunded Arrangement. The Executive and the Beneficiary are general unsecured creditors of the Bank for the distribution of benefits under this Agreement. The benefits represent the mere promise by the Bank to
distribute such benefits. The rights to benefits are not subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors. Any insurance on the Executive’s life or other
informal funding asset is a general asset of the Bank to which the Executive and Beneficiary have no preferred or secured claim. 

  

	9.7	Reorganization. The Bank shall not merge or consolidate into or with another bank, or reorganize, or sell substantially all of its assets to another bank, firm or person unless such succeeding or continuing bank,
firm or person agrees to assume and discharge the obligations of the Bank under this Agreement. Upon the occurrence of such an event, the term “Bank” as used in this Agreement shall be deemed to refer to the successor or survivor entity.

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	9.8	Entire Agreement. This Agreement constitutes the entire agreement between the Bank and the Executive as to the subject matter hereof. No rights are granted to the Executive by virtue of this Agreement other than
those specifically set forth herein. 

  

	9.9	Interpretation. Wherever the fulfillment of the intent and purpose of this Agreement requires and the context will permit, the use of the masculine gender includes the feminine and use of the singular includes
the plural. This Agreement shall be interpreted without the benefit of any rule of interpretation or construction under which a contract is or may be construed against the drafter. 

 

	9.10	Alternative Action. In the event it shall become impossible for the Bank or the Plan Administrator to perform any act required by this Agreement due to regulatory or other constraints, the Bank or Plan
Administrator may perform such alternative act as most nearly carries out the intent and purpose of this Agreement and is in the best interests of the Bank, provided that such alternative act does not violate Code Section 409A.

  

	9.11	Headings. Article and section headings are for convenient reference only and shall not control or affect the meaning or construction of any provision herein. 

 

	9.12	Validity. If any provision of this Agreement shall be illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining parts hereof, but this Agreement shall be construed and
enforced as if such illegal or invalid provision had never been included herein. The parties agree that a court of competent jurisdiction shall have the power to revise or reform this Agreement, if necessary, to make this Agreement enforceable to
the maximum extent permitted by law. 

  

	9.13	Notice. Any notice or filing required or permitted to be given to the Bank or Plan Administrator under this Agreement shall be sufficient if in writing and hand-delivered or sent by registered or certified mail
to the address below: 

  

	
	 Avenue Bank

	 111 Tenth Avenue South, Suite 400

	 Nashville TN 37203

 Such notice shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date
shown on the postmark on the receipt for registration or certification. 
 Any notice or filing required or permitted to be given to the
Executive under this Agreement shall be sufficient if in writing and hand-delivered or sent by registered or certified mail to the last known address of the Executive. 
  

	9.14	 Deduction Limitation on Benefit Payments. If the Bank reasonably anticipates that the Bank’s
deduction with respect to any distribution under this Agreement would be limited or eliminated by application of Code Section 162(m), then to the extent deemed 

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
  

 
  

	 	
necessary by the Bank to ensure that the entire amount of any distribution from this Agreement is deductible, the Bank may delay payment of any amount that would otherwise be distributed under
this Agreement. The delayed amounts shall be distributed to the Executive (or the Beneficiary in the event of the Executive’s death) at the earliest date the Bank reasonably anticipates that the deduction of the payment of the amount will not
be limited or eliminated by application of Code Section 162(m). 

  

	9.15	Compliance with Section 409A. This Agreement shall be interpreted and administered consistent with Code Section 409A. 

IN WITNESS WHEREOF, the Executive and a duly authorized representative of the Bank have signed this Agreement. 

 

							
	EXECUTIVE	 		 	AVENUE BANK
				
	 /s/ Ronald Samuels
	 		 	By:	 	 /s/ Kent Cleaver

	Ronald Samuels	 		 	Title:	 	Chief Operating Officer

  

 Avenue Bank 

Supplemental Executive Retirement Plan Agreement 
 Beneficiary
Designation Form 
  
  

 

	{    }	New Designation 

  

	{    }	Change in Designation 

 I, Ronald Samuels, designate the following as Beneficiary under this Agreement: 

 

					
	 Primary:
	  			
		  	 	    	% 
		  	 	    	% 
	 Contingent:
	  			
		  	 	    	% 
		  	 	    	% 

 Notes: 
  

	 	•	 	PRINT CLEARLY or TYPE the name(s) of the Beneficiary(ies). 

  

	 	•	 	To name a trust as a Beneficiary, provide the name of the trustee(s) and the exact name and date of the trust agreement.  

 

	 	•	 	To name your estate as a Beneficiary, write “Estate of [your name]”. 

  

	 	•	 	Be aware that none of the contingent Beneficiaries will receive anything unless ALL of the primary beneficiaries predecease you. 

I understand that I may change these Beneficiary designations by delivering a new written designation to the Plan Administrator, which shall be effective only
upon receipt and acknowledgment by the Plan Administrator prior to my death. I further understand that the designations will be automatically revoked if the Beneficiary(ies) predeceases me, or, if I have named my spouse as a Beneficiary and I become
divorced or legally separated from such spouse. 
  

									
	Name:	 	  
	 		 		 	
					
	Signature:	 	  
	 		 	Date:	 	  

 Received by the Plan Administrator this      day of
            , 200   
  

			
	 By:
	 	  

		
	 Title:

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