Document:

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                                                                     EXHIBIT 4.6

                            CENTURY BANCSHARES, INC.
                             2000 STOCK AWARDS PLAN

                                   I. PURPOSE

         The purpose of the Century Bancshares, Inc. 2000 Stock Awards Plan (the
"Plan") is to provide a means through which Century Bancshares, Inc., a Delaware
corporation (the "Company"), and its subsidiaries may (i) attract and retain in
the service of the Company persons of training, experience and ability, (ii)
encourage a sense of proprietorship in such persons through stock ownership, and
(iii) stimulate such persons to exert their maximum efforts for the welfare of
the Company through the additional incentive and reward opportunities provided
by the Plan. Accordingly, the Plan provides for granting Incentive Stock
Options, options which do not constitute Incentive Stock Options, Stock
Appreciation Rights, Restricted Stock Awards, Performance Awards, Phantom Stock
Awards, or any combination of the foregoing, as is best suited to the
circumstances of the particular Eligible Participant, as provided herein.

                                 II. DEFINITIONS

         The following definitions shall be applicable throughout the Plan
unless specifically modified by any paragraph:

         (a) "Affiliate" means any "parent corporation" of the Company and any
"subsidiary" of the Company within the meaning of Code Sections 424(e) and (f),
respectively, and any entity which directly or indirectly through one or more
intermediaries controls, is controlled by, or is under common control with, the
Company.

         (b) "Award" means, individually or collectively, any Option, Restricted
Stock Award, Phantom Stock Award, Performance Award or Stock Appreciation Right.

         (c) "Bank" means Century National Bank, a national banking association.

         (d) "Board" means the Board of Directors of the Company.

         (e) "Change of Control" means the occurrence of any of the following
events: (i) a change in the Company's status requiring prior notice to the Board
of Governors of the Federal Reserve System and/or the Office of the Comptroller
of the Currency pursuant to the Change in Bank Control Act of 1978 and
regulations, 12 C.F.R. Section 5.50 and 225.41, promulgated thereunder; or (ii)
the acquisition by any person or group of persons (as such terms are defined and
used in Sections 3(a)(9) and 14(d)(2), respectively, of the 1934 Act) of
beneficial ownership (as defined in Rule 13d-3 issued under the 1934 Act),
directly or indirectly, of securities representing more than

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fifty percent (50%) of the combined voting power of the then outstanding voting
securities of the Company or Bank entitled to vote generally in the election of
directors ("Voting Securities"); or (iii) individuals who constitute the Board
of the Company on the date of this Plan ("Incumbent Board") cease for any reason
to constitute at least a majority of that Board, provided that any person
becoming a director subsequent to the date of this Plan whose election or whose
nomination for election by the Company's stockholders was approved by a majority
vote of the directors comprising the Incumbent Board shall be, for purposes of
this Plan, considered as though he or she were a member of the Incumbent Board;
or (iv) a recapitalization, reorganization, merger, or consolidation with
respect to which those persons (as defined above) who were beneficial owners of
the Voting Securities of the Company or the Bank immediately prior to such
recapitalization, reorganization, merger, or consolidation do not, following
such recapitalization, reorganization, merger, or consolidation, beneficially
own, directly or indirectly, shares representing more than fifty percent (50%)
of the combined voting power of the Voting Securities of the Company resulting
from such recapitalization, reorganization, merger, or consolidation; or (v) a
sale of all or substantially all the assets of the Bank or the Company.

         (f) "Change of Control Value" shall mean (i) the highest price per
share paid by any person or group of persons who acquires beneficial ownership
of securities representing more than fifty percent (50%) of the Voting
Securities, (ii) the per share price offered to stockholders of the Company in
any merger, consolidation, recapitalization, reorganization, sale of assets or
dissolution transaction resulting in a Change of Control, (iii) the price per
share offered to stockholders of the Company in any tender offer or exchange
offer resulting in a Change of Control, or (iv) if a Change of Control occurs
other than in (i) -(iii) above, the Fair Market Value per share of the shares
into which Awards are exercisable, as determined by the Committee, whichever is
applicable. In the event that the consideration offered to stockholders of the
Company consists of anything other than cash, the Committee shall determine the
equivalent fair value in cash of the portion of the consideration offered which
is other than cash.

         (g) "Code" means the Internal Revenue Code of 1986, as amended.
Reference in the Plan to any section of the Code shall be deemed to include any
amendments or successor provisions to any section and any regulations under such
section.

         (h) "Committee" means the Stock Option Committee of the Board, or
another committee of the Board designated by the Board after the date of
adoption of the Plan, which in either case shall be constituted solely of (i)
"non-employee directors" within the meaning of Rule 16b-3 and and applicable
interpretive authority thereunder, and (ii) "outside directors" within the
meaning of Section 162(m) of the Code and applicable interpretive authority
thereunder.

         (i) "Company" means Century Bancshares, Inc. and any of its Affiliates.

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         (j) A "consultant" means an individual who performs services for the
Company or its Affiliates as an independent contractor.

         (k) "Director" means an individual elected to the Board by the
stockholders of the Company or by the Board under applicable corporate law who
is serving on the Board on the date the Plan is adopted by the Board or is
elected to the Board after such date.

         (l) An "employee" means any person (including an officer or a Director)
in an employment relationship with the Company or any parent or subsidiary
corporation (as defined in section 424 of the Code).

         (m) An "Eligible Participant" means any (i) officer or employee of the
Company or any Affiliate of the Company, including a Director of the Company, or
a director of any Affiliate of the Company, who is also an employee, (ii)
non-employee Director of the Company, or any non- employee director of any
Affiliate of the Company, and (iii) consultant to the Company or any Affiliate
of the Company.

         (n) "1934 Act" means the Securities Exchange Act of 1934, as amended.

         (o) "Fair Market Value" means, as of any specified date, the closing
sale price of the Stock (i) reported by any interdealer quotation system on
which the Stock is quoted on that date, or (ii) if the Stock is listed on a
national securities exchange, reported on the national securities exchange
composite tape on that date; or, in either case, if no prices are reported on
that date, on the last preceding date on which such prices of the Stock are so
reported. If the Stock is traded in the over the counter market at the time a
determination of its fair market value is required to be made hereunder, its
fair market value shall be deemed to be equal to (i) the closing sale price of
the Stock on that date, if such price is available, or (ii) if such price is not
available, the average between the reported high and low bid prices of Stock on
the most recent date for which such information is available. In the event Stock
is not publicly traded at the time a determination of its value is required to
be made hereunder, the determination of its fair market value shall be made by
the Committee in such manner as it deems appropriate.

         (p) "Forfeiture Restrictions" has the meaning ascribed to it in
Paragraph IX(b) hereof.

         (q) "Holder" means an Eligible Participant who has been granted an
Award.

         (r) "Incentive Stock Option" means an option that is designated as an
incentive stock option within the meaning of section 422(b) of the Code.

         (s) "Incumbent Board" has the meaning ascribed to it in Paragraph II(e)
hereof.

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         (t) "Nonqualified Stock Option" means an option granted under Paragraph
VII of the Plan to purchase Stock which does not constitute an Incentive Stock
Option.

         (u) "Option" means an Award granted under Paragraph VII of the Plan and
includes both Incentive Stock Options to purchase Stock and Nonqualified Stock
Options to purchase Stock.

         (v) "Option Agreement" means a written agreement between the Company
and a Holder with respect to an Option.

         (w) "Performance Award" means an Award granted under Paragraph X of the
Plan.

         (x) "Performance Award Agreement" means a written agreement between the
Company and a Holder with respect to a Performance Award.

         (y) "Performance Measures" has the meaning ascribed to it in Paragraph
IX(b) of the Plan.

         (z) "Phantom Stock Award" means an Award granted under Paragraph XI of
the Plan.

         (aa) "Phantom Stock Award Agreement" means a written agreement between
the Company and a Holder with respect to a Phantom Stock Award.

         (bb) "Plan" means the Century Bancshares, Inc. 2000 Stock Awards Plan,
as it may be amended from time to time.

         (cc) "Restricted Stock Agreement" means a written agreement between the
Company and a Holder with respect to a Restricted Stock Award.

         (dd) "Restricted Stock Award" means an Award granted under Paragraph IX
of the Plan.

         (ee) "Rule 16b-3" means Rule 16b-3 promulgated by the Securities and
Exchange Commission under the 1934 Act as in effect on the date the Plan is
adopted by the Board, as such rule may thereafter be amended from time to time,
and any successor rule, regulation or statute fulfilling the same or a similar
function.

         (ff) "Spread" means, in the case of a Stock Appreciation Right, an
amount equal to the excess, if any, of the Fair Market Value of a share of Stock
on the date such right is exercised over the exercise price of such Stock
Appreciation Right.

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         (gg) "Stock" means the common stock, $1.00 par value of the Company, as
constituted on the date of the adoption of the Plan and any capital stock into
which such common stock may thereafter be changed.

         (hh) "Stock Appreciation Right" means an Award granted under Paragraph
VIII of the Plan.

         (ii) "Stock Appreciation Rights Agreement" means a written agreement
between the Company and a Holder with respect to an Award of Stock Appreciation
Rights.

         (jj) "Voting Securities" has the meaning ascribed to it in Paragraph
II(e) hereof.

                  III. EFFECTIVE DATE AND DURATION OF THE PLAN

         The Plan shall be effective upon the date of its adoption by the Board,
provided that the Plan is approved by the stockholders of the Company within
twelve months thereafter. No further Awards may be granted under the Plan after
the expiration of ten years from the date of its adoption by the Board. The Plan
shall remain in effect until all Awards granted under the Plan have been
satisfied or expired.

                               IV. ADMINISTRATION

         (a) Committee. The Plan shall be administered by the Committee.

         (b) Powers. Subject to the provisions of the Plan, the Committee shall
have sole authority, in its discretion, to determine which Eligible Participants
shall receive an Award; the time or times when such Award shall be made; whether
an Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right,
Restricted Stock Award, Performance Award or Phantom Stock Award shall be
granted; the number of shares of Stock which may be issued under each Option,
Stock Appreciation Right or Restricted Stock Award; and the value of each
Performance Award and Phantom Stock Award. In making such determinations the
Committee may take into account the nature of the services rendered by the
respective Eligible Participants, their present and potential contributions to
the Company's success and such other factors as the Committee in its discretion
shall deem relevant.

         (c) Additional Powers. The Committee shall have such additional powers
as are delegated to it by the other provisions of the Plan. Subject to the
express provisions of the Plan, the Committee is authorized to construe the Plan
and the respective agreements executed thereunder, to prescribe such rules and
regulations relating to the Plan as it may deem advisable to carry out the Plan,
and to determine the terms, restrictions and provisions of each Award, including
such terms, restrictions and provisions as shall be requisite in the judgment of
the Committee to cause designated

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 Options to qualify as Incentive Stock Options, and to make all other
determinations necessary or advisable for administering the Plan. The Committee
may correct any defect or supply any omission or reconcile any inconsistency in
any agreement relating to an Award in the manner and to the extent it shall deem
expedient to carry it into effect. The determinations of the Committee on the
matters referred to in this Paragraph IV shall be conclusive.

                 V. GRANT OF AWARDS; SHARES SUBJECT TO THE PLAN

         (a) Grant of Awards. The Committee may from time to time grant Awards
to one or more Eligible Participants determined by it to be eligible for
participation in the Plan in accordance with the provisions of Paragraph VI.

         (b) Shares Subject to Plan. Subject to Paragraph XII, the aggregate
number of shares of Stock that may be issued under the Plan upon the exercise or
satisfaction of an Award shall not exceed 500,000 shares. The 500,000 shares of
Stock subject to the Plan may be apportioned by the Committee among the various
types of Awards as the Committee shall determine in its sole discretion. While
an Award of one type is outstanding, the number of shares of Stock subject to
such Award shall not be available for grant under another Award of the same or
any other type. Shares of Stock shall be deemed to have been issued under the
Plan only to the extent actually issued and delivered pursuant to an Award. To
the extent that an Award lapses or the rights of its Holder terminate or the
Award is paid in cash, any shares of Stock subject to such Award shall again be
available for the grant of an Award. Separate stock certificates shall be issued
by the Company for those shares acquired pursuant to the exercise of an
Incentive Stock Option and for those shares acquired pursuant to the exercise of
a Nonqualified Stock Option.

         (c) Stock Offered. The shares of Stock to be offered pursuant to the
grant of an Award may be authorized and unissued shares of Stock, or Stock
previously issued which has been acquired by the Company.

                                 VI. ELIGIBILITY

         Awards may be granted only to persons who, at the time of grant, are
Eligible Participants. An Award may be granted on more than one occasion to the
same person, and, subject to the limitations set forth in the Plan, such Award
may include an Incentive Stock Option or a Nonqualified Stock Option, a Stock
Appreciation Right, a Restricted Stock Award, a Performance Award, a Phantom
Stock Award or any combination thereof.

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                               VII. STOCK OPTIONS

         (a) Option Period. Subject to the limitations contained in Paragraph
VII(c), the term of each Option shall be as specified by the Committee at the
date of grant.

         (b) Limitations on Exercise of Option. An Option shall be exercisable
in whole or in such installments and at such times as may be determined by the
Committee.

         (c) Special Limitations on Incentive Stock Options. No more than
500,000 shares of Stock may be subject to Incentive Stock Options. Incentive
Stock Options may only be granted to employees of the Company and its
Affiliates, and the term of an Incentive Stock Option cannot exceed ten years
from the date of grant. To the extent that the aggregate Fair Market Value
(determined at the time the respective Incentive Stock Option is granted) of
Stock with respect to which Incentive Stock Options are exercisable for the
first time by an individual during any calendar year under all incentive stock
option plans of the Company and its parent and subsidiary corporations exceeds
$100,000, such Incentive Stock Options shall be treated as Nonqualified Stock
Options as determined by the Committee. The Committee shall determine, in
accordance with applicable provisions of the Code, Treasury Regulations and
other administrative pronouncements, which of an optionee's Incentive Stock
Options will not constitute Incentive Stock Options because of such limitation
and shall notify the optionee of such determination as soon as practicable after
such determination. No Incentive Stock Option shall be granted to an individual
if, at the time the Option is granted, such individual owns stock possessing
more than ten percent (10%) of the total combined voting power of all classes of
stock of the Company or of its parent or subsidiary corporations, within the
meaning of section 422(b)(6) of the Code, unless (i) at the time such Option is
granted the option price is at least one hundred ten percent (110%) of the Fair
Market Value of the Stock subject to the Option and (ii) such Option by its
terms is not exercisable after the expiration of five years from the date of
grant.

         (d) Option Agreement. Each Option shall be evidenced by a written
Option Agreement in such form and containing such provisions not inconsistent
with the provisions of the Plan as the Committee from time to time shall
approve, including, without limitation, provisions to qualify an Incentive Stock
Option under section 422 of the Code. No individual may be granted in any
calendar year an Option to purchase more than 500,000 shares of Stock. An Option
Agreement may provide for the payment of the option price, in whole or in part,
by the delivery of a number of shares of Stock (plus cash if necessary) having a
Fair Market Value equal to such option price. Payment in full or in part may
also be made by a reduction in the number of shares of Stock issuable upon the
exercise of an Option, based on the Fair Market Value of the shares of Stock on
the date the Option is exercised. Each Option Agreement shall specify the effect
of termination of employment, the cessation of serving on the Board, cessation
of serving on the Board of an Affiliate or the cessation of performing services
as a consultant to the Company on the exercisability of the Option, as the case

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may be. Moreover, an Option Agreement may provide for a "cashless exercise" of
the Option by establishing procedures whereby the Holder, by a properly executed
written notice, directs (i) an immediate market sale or margin loan respecting
all or a part of the shares of Stock to which he is entitled upon exercise
pursuant to an extension of credit by the Company to the Holder of the option
price, (ii) the delivery of the shares of Stock from the Company directly to a
brokerage firm and (iii) the delivery of the option price from the sale or
margin loan proceeds from the brokerage firm directly to the Company. Such
Option Agreement may also include, without limitation, provisions relating to
(i) vesting of Options, subject to the provisions hereof accelerating such
vesting on a Change of Control, (ii) tax matters (including provisions (y)
permitting the delivery of additional shares of Stock or the withholding of
shares of Stock from those acquired upon exercise to satisfy federal or state
income tax withholding requirements and (z) dealing with any other applicable
employee wage withholding requirements), and (iii) any other matters not
inconsistent with the terms and provisions of this Plan that the Committee shall
in its sole discretion determine. The terms and conditions of the respective
Option Agreements need not be identical.

         (e) Option Price and Payment. The price at which a share of Stock may
be purchased upon exercise of an Option shall be determined by the Committee,
but (i) such purchase price shall not be less than the Fair Market Value of
Stock subject to an Option on the date the Option is granted and (ii) such
purchase price shall be subject to adjustment as provided herein. The Option or
portion thereof may be exercised by delivery of an irrevocable notice of
exercise to the Company. The purchase price of the Option or portion thereof
shall be paid in full in the manner prescribed by the Committee.

         (f) Stockholder Rights and Privileges. The Holder shall be entitled to
all the privileges and rights of a stockholder only with respect to such shares
of Stock as have been purchased under the Option and for which certificates of
stock have been registered in the Holder's name.

         (g) Options and Rights in Substitution for Stock Options Granted by
Other Entities. Options and Stock Appreciation Rights may be granted under the
Plan from time to time in substitution for stock options held by individuals
employed by other entities who become employees as a result of a merger or
consolidation of the employing entity with the Company or any subsidiary, or the
acquisition by the Company or a subsidiary of the assets of the employing
entity, or the acquisition by the Company or a subsidiary of stock or other
equity interests of the employing entity with the result that such employing
entity becomes a subsidiary of the Company.

                         VIII. STOCK APPRECIATION RIGHTS

         (a) Stock Appreciation Rights. A Stock Appreciation Right is the right
to receive an amount equal to the Spread with respect to a share of Stock upon
the exercise of such Stock Appreciation Right. Stock Appreciation Rights may be
granted in connection with the grant of an

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Option, in which case the Option Agreement will provide that exercise of Stock
Appreciation Rights will result in the surrender of the right to purchase the
shares under the Option as to which the Stock Appreciation Rights were
exercised. Alternatively, Stock Appreciation Rights may be granted independently
of Options, in which case each Award of Stock Appreciation Rights shall be
evidenced by a Stock Appreciation Rights Agreement which shall contain such
terms and conditions as may be approved by the Committee. No individual may be
granted in any calendar year Stock Appreciation Rights with respect to more than
500,000 shares of Stock. The Spread with respect to a Stock Appreciation Right
may be payable either in cash, shares of Stock with a Fair Market Value equal to
the Spread or in a combination of cash and shares of Stock. Each Stock
Appreciation Rights Agreement shall specify the effect of termination of
employment, the cessation of serving on the Board or the cessation of performing
services as a consultant to the Company on the exercisability of the Stock
Appreciation Rights.

         (b) Other Terms and Conditions. At the time of such Award, the
Committee may in its sole discretion prescribe additional terms, conditions or
restrictions relating to Stock Appreciation Rights, including, but not limited
to rules pertaining to termination of employment, the cessation of serving on
the Board, the cessation of serving on the board of an Affiliate or the
cessation of performing services as a consultant to the Company (by retirement,
disability, death or otherwise) of a Holder prior to the expiration of such
Stock Appreciation Rights. Such additional terms, conditions or restrictions
shall be set forth in the Stock Appreciation Rights Agreement made in
conjunction with the Award. Such Stock Appreciation Rights Agreements may also
include, without limitation, provisions relating to (i) vesting of Awards,
subject to the provisions hereof accelerating vesting on a Change of Control,
(ii) tax matters (including provisions covering applicable wage withholding
requirements), and (iii) any other matters not inconsistent with the terms and
provisions of this Plan that the Committee shall in its sole discretion
determine. The terms and conditions of the respective Stock Appreciation Rights
Agreements need not be identical.

         (c) Exercise Price. The exercise price of each Stock Appreciation Right
shall be determined by the Committee, but such exercise price (i) shall not be
less than the Fair Market Value of a share of Stock on the date the Stock
Appreciation Right is granted (or such greater exercise price as may be required
if such Stock Appreciation Right is granted in connection with an Incentive
Stock Option that must have an exercise price equal to one hundred ten percent
(110%) of the Fair Market Value of the Stock on the date of grant pursuant to
Paragraph VII(c)) and (ii) shall be subject to adjustment as provided in
Paragraph XII.

         (d) Exercise Period. The term of each Stock Appreciation Right shall be
as specified by the Committee at the date of grant.

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         (e) Limitations on Exercise of Stock Appreciation Right. A Stock
Appreciation Right shall be exercisable in whole or in such installments and at
such times as determined by the Committee.

                           IX. RESTRICTED STOCK AWARDS

         (a) Restricted Stock Awards. A Restricted Stock Award shall be
represented by a certificate of Stock registered in the name of the Holder of
such Restricted Stock Award and the related Restricted Stock Agreement. The
Holder shall have the right to receive dividends with respect to Stock subject
to a Restricted Stock Award, to vote the shares of Stock subject thereto and to
enjoy all other stockholder rights, except that (i) the Holder shall not be
entitled to delivery of the certificate representing the shares of Stock until
the Forfeiture Restrictions shall have expired, (ii) the Company shall retain
custody of the certificate representing the Stock until the Forfeiture
Restrictions shall have expired, (iii) the Holder may not sell, transfer,
pledge, exchange, hypothecate or otherwise dispose of the Stock until the
Forfeiture Restrictions have expired, and (iv) a breach of the terms and
conditions established by the Committee pursuant to the Restricted Stock
Agreement shall cause a forfeiture of the Restricted Stock Award.

         (b) Forfeiture Restrictions to be Established by the Committee. Shares
of Stock that are the subject of a Restricted Stock Award shall be subject to
restrictions on disposition by the Holder and an obligation of the Holder to
forfeit and surrender the shares to the Company under certain circumstances (the
"Forfeiture Restrictions"). The Forfeiture Restrictions shall be determined by
the Committee in its sole discretion, and the Committee may provide that the
Forfeiture Restrictions shall lapse upon (i) the attainment of targets
established by the Committee that are based on (1) the price of a share of
Stock, (2) the Company's earnings per share, (3) the revenue of the Company or
an Affiliate designated by the Committee, (4) the revenue of a business unit of
the Company or an Affiliate designated by the Committee, (5) the return on
stockholders' equity, or return on assets, achieved by the Company or an
Affiliate designated by the Committee, or (6) the pre-tax cash flow from
operations of the Company or an Affiliate designated by the Committee (the
matters listed in the preceding items (1) through (6) shall hereinafter be
referred to as "Performance Measures"), (ii) the Holder's continued service or
employment with the Company or an Affiliate for a specified period of time, or
(iii) a combination of any two or more of the factors listed in clauses (i) and
(ii) of this sentence. Each Restricted Stock Award may have different Forfeiture
Restrictions, in the discretion of the Committee. The Forfeiture Restrictions
applicable to a particular Restricted Stock Award shall not be changed except as
permitted by Paragraph XII.

         (c) Other Terms and Conditions. No individual may be awarded more than
500,000 shares of Stock that are subject to a Restricted Stock Award in any
calendar year. Stock awarded pursuant to a Restricted Stock Award shall be
represented by a stock certificate registered in the name of the Holder of such
Restricted Stock Award. The Holder shall have the right to receive

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dividends with respect to Stock subject to a Restricted Stock Award, to vote
Stock subject thereto and to enjoy all other stockholder rights, except that (i)
the Holder shall not be entitled to delivery of the stock certificate until the
Forfeiture Restrictions shall have expired, (ii) the Company shall retain
custody of the Stock until the Forfeiture Restrictions shall have expired, (iii)
the Holder may not sell, transfer, pledge, exchange, hypothecate or otherwise
dispose of the Stock until the Forfeiture Restrictions shall have expired, and
(iv) a breach of the terms and conditions established by the Committee pursuant
to the Restricted Stock Agreement shall cause a forfeiture of the Restricted
Stock Award. At the time of such Award, the Committee may, in its sole
discretion, prescribe additional terms, conditions or restrictions relating to
Restricted Stock Awards, including, but not limited to, rules pertaining to the
termination of employment, the cessation of serving on the Board or the
cessation of performing services as a consultant to the Company (by retirement,
disability, death or otherwise) of a Holder prior to expiration of the
Forfeiture Restrictions. Such additional terms, conditions or restrictions shall
be set forth in a Restricted Stock Agreement made in conjunction with the Award.
Such Restricted Stock Agreement may also include, without limitation, provisions
relating to (i) subject to the provisions hereof accelerating vesting on a
Change of Control, vesting of Awards, (ii) tax matters (including provisions (y)
covering any applicable employee wage withholding requirements and (z)
prohibiting an election by the Holder under section 83(b) of the Code), and
(iii) any other matters not inconsistent with the terms and provisions of this
Plan that the Committee shall in its sole discretion determine.

         (d) Payment for Restricted Stock. The Committee shall determine the
amount and form of any payment for Stock received pursuant to a Restricted Stock
Award, provided that in the absence of such a determination, a Holder shall not
be required to make any payment for Stock received pursuant to a Restricted
Stock Award, except to the extent otherwise required by law.

         (e) Agreements. At the time any Award is made under this Paragraph IX,
the Company and the Holder shall enter into a Restricted Stock Agreement setting
forth each of the matters as the Committee may determine to be appropriate. The
terms and provisions of the respective Restricted Stock Agreements need not be
identical.

                              X. PERFORMANCE AWARDS

         (a) Performance Period. The Committee shall establish, with respect to
and at the time of each Performance Award, a performance period over which the
performance of the Holder shall be measured.

         (b) Performance Awards. Each Performance Award shall have a maximum
value established by the Committee at the time of such Award, provided that no
individual may be granted a Performance Award in any calendar year where the
value of such award exceeds the Fair Market Value of 500,000 shares of Stock.

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         (c) Performance Measures. A Performance Award shall be awarded to an
Eligible Participant contingent upon future performance of the Eligible
Participant, the Company, any Affiliate of the Company, or any subsidiary,
division, department or business unit thereof by or in which the Eligible
Participant is employed or for which the Eligible Participant performs services
during the performance period. The Committee shall establish the Performance
Measures applicable to such performance prior to the beginning of the
performance period but subject to such later revisions as the Committee shall
deem appropriate to reflect significant, unforeseen events or changes.

         (d) Awards Criteria. In determining the value of Performance Awards,
the Committee shall take into account an Eligible Participant's responsibility
level, performance, potential, other Awards and such other considerations as it
deems appropriate.

         (e) Payment. Following the end of the performance period, the Holder of
a Performance Award shall be entitled to receive payment of an amount, not
exceeding the maximum value of the Performance Award, based on the achievement
of the Performance Measures for such performance period, as determined by the
Committee. Payment of a Performance Award may be made in cash, Stock or a
combination thereof, as determined by the Committee. Payment shall be made in a
lump sum or in installments as prescribed by the Committee. Any payment to be
made in Stock shall be based on the Fair Market Value of the Stock on the
payment date. If a payment of cash is to be made on a deferred basis, the
Committee shall establish whether interest shall be credited, the rate thereof
and any other terms and conditions applicable thereto.

         (f) Termination or Cessation of Employment or Other Service . A
Performance Award shall terminate if the Holder does not remain continuously in
the employ or other service of the Company at all times during the applicable
performance period, except as may be determined by the Committee or as may
otherwise be provided in the Award at the time granted.

         (g) Agreements. At the time any Award is made under this Paragraph X,
the Company and the Holder shall enter into a Performance Award Agreement
setting forth each of the matters contemplated hereby and such Performance
Measures as the Committee may determine to be appropriate. The terms and
provisions of the respective agreements need not be identical.

                            XI. PHANTOM STOCK AWARDS

         (a) Phantom Stock Awards. Phantom Stock Awards are rights to receive
shares of Stock (or cash in an amount equal to the Fair Market Value thereof),
or rights to receive an amount equal to any appreciation in the Fair Market
Value of Stock (or portion thereof) over a specified period of time, which vest
over a period of time or upon the occurrence of an event as established by the
Committee, without payment of any amounts by the Holder thereof (except to the
extent otherwise

                                      -12-

<PAGE>   13

required by law) or satisfaction of any Performance Measure. Each Phantom Stock
Award shall have a maximum value established by the Committee at the time of
such Award, provided that no individual may be granted a Phantom Stock Award in
any calendar year for more than 500,000 shares of Stock.

         (b) Award Period. Subject to the provisions hereof accelerating vesting
on a Change of Control, the Committee shall establish, with respect to and at
the time of each Phantom Stock Award, a period over which or the event upon
which the Award shall vest with respect to the Holder.

         (c) Awards Criteria. In determining the value of Phantom Stock Awards,
the Committee shall take into account an Eligible Participant's responsibility
level, performance, potential, other Awards and such other considerations as it
deems appropriate.

         (d) Payment. Following the end of the vesting period for a Phantom
Stock Award, the Holder of a Phantom Stock Award shall be entitled to receive
payment of an amount, not exceeding the maximum value of the Phantom Stock
Award, based on the then vested value of the Award. Payment of a Phantom Stock
Award may be made in cash, Stock or a combination thereof as determine by the
Committee. Payment shall be made in a lump sum or in installments as prescribed
by the Committee in its sole discretion. Any payment to be made in Stock shall
be based on the Fair Market Value of the Stock on the payment date. Cash
dividend equivalents may be paid during or after the vesting period with respect
to a Phantom Stock Award, as determined by the Committee. If a payment of cash
is to be made on a deferred basis, the Committee shall establish whether
interest shall be credited, the rate thereof and any other terms and conditions
applicable thereto.

         (e) Termination of Employment, Cessation of Serving on Board or
Termination of Service A Phantom Stock Award shall terminate if the Holder does
not remain continuously in the employ of the Company or fails to serve on the
Board or fails to perform services for the Company at all times during the
applicable vesting period, except as may be otherwise determined by the
Committee or as set forth in the Award at the time of grant.

         (f) Agreements. At the time any Award is made under this Paragraph XI,
the Company and the Holder shall enter into a Phantom Stock Award Agreement
setting forth each of the matters contemplated hereby and, in addition such
Performance Measures as the Committee may determine to be appropriate. The terms
and provisions of the respective agreements need not be identical.

                     XII. RECAPITALIZATION OR REORGANIZATION

         (a) Subdivision or Combination of Shares. The shares with respect to
which Awards may be granted are shares of Stock as constituted on the effective
date of the Plan, but if, and whenever, prior to the expiration of an Award
theretofore granted, the Company shall effect a subdivision or

                                      -13-

<PAGE>   14

combination of its Stock, the number of shares of Stock with respect to which
such Award may thereafter be exercised or satisfied, as applicable, (i) in the
event of an increase in the number of outstanding shares shall be
proportionately increased, and the purchase price per share shall be
proportionately reduced, and (ii) in the event of a reduction in the number of
outstanding shares shall be proportionately reduced, and the purchase price per
share shall be proportionately increased.

         (b) Recapitalization. If the Company recapitalizes or otherwise changes
its capital structure, thereafter upon any exercise or satisfaction, as
applicable, of an Award theretofore granted the Holder shall be entitled to (or
shall be entitled to receive, as applicable) under such Award, in lieu of the
number of shares of Stock then covered by such Award, the number and class of
shares of capital stock and securities to which the Holder would have been
entitled pursuant to the terms of the recapitalization if, immediately prior to
such recapitalization, the Holder had been the holder of record of the number of
shares of Stock then covered by such Award.

         (c) Change of Control. Upon the occurrence of a Change of Control, all
outstanding Awards shall immediately vest and become exercisable or satisfiable,
as applicable. The Committee, in its discretion, may determine that upon the
occurrence of a Change of Control, each Award other than an Option outstanding
hereunder shall terminate within a specified number of days after notice to the
Holder, and such Holder shall receive, with respect to each share of Stock
subject to such Award, cash in an amount equal to the excess, if any, of the
Change of Control Value over the exercise price of the Award. Further, in the
event of a Change of Control, the Committee, in its discretion shall act to
effect one or more of the following alternatives with respect to outstanding
Options, which may vary among individual Holders and which may vary among
Options held by any individual Holder: (1) determine a limited period of time
for the exercise of such Options on or before a specified date (before or after
such Change of Control) after which specified date all unexercised Options and
all rights of Holders thereunder shall terminate, (2) require the mandatory
surrender to the Company by selected Holders of some or all of the outstanding
Options held by such Holders (irrespective of whether such Options are then
exercisable under the provisions of the Plan) as of a date, before or after such
Change of Control, specified by the Committee, in which event the Committee
shall thereupon cancel such Options and the Company shall pay to each Holder an
amount of cash per share equal to the excess, if any, of the Change of Control
Value of the shares subject to such Option over the exercise price(s) under such
Options for such shares, (3) make such adjustments to Options then outstanding
as the Committee deems appropriate to reflect such Change of Control (provided,
however, that the Committee may determine in its sole discretion that no
adjustment is necessary to Options then outstanding), or (4) provide that
thereafter upon any exercise of an Option theretofore granted the Holder shall
be entitled to purchase under such Option, in lieu of the number of shares of
Stock then covered by such Option, the number and class of shares of stock or
other securities or property (including, without limitation, cash) to which the
Holder would have been entitled pursuant to the terms of the agreement of
merger, consolidation, sale of assets or dissolution if, immediately prior to
such merger, consolidation, sale of assets or dissolution the

                                      -14-

<PAGE>   15

Holder had been the holder of record of the number of shares of Stock then
covered by such Option. The provisions contained in this paragraph shall not
alter any rights or terminate any rights of the Holder to further payments
pursuant to any other agreement with the Company following a Change of Control.

         (d) Other Events. In the event of changes in the outstanding Stock by
reason of recapitalizations, reorganizations, mergers, consolidations,
combinations, exchanges or other relevant changes in capitalization occurring
after the date of the grant of any Award and not otherwise provided for by this
Paragraph XII, any outstanding Awards and any agreements evidencing such Awards
shall be subject to adjustment by the Committee at its discretion as to the
number and price of shares of Stock or other consideration subject to such
Awards. In the event of any such change in the outstanding Stock, the aggregate
number of shares available under the Plan may be appropriately adjusted by the
Committee, whose determination shall be conclusive.

         (e) Corporate Power. The existence of the Plan and the Awards granted
hereunder shall not affect in any way the right or power of the Board or the
stockholders of the Company to make or authorize any adjustment,
recapitalization, reorganization or other change in the Company's capital
structure or its business, any merger or consolidation of the Company, any issue
of debt or equity securities ranking prior to or affecting Stock or the rights
thereof, the dissolution or liquidation of the Company or any sale, lease,
exchange or other disposition of all or any part of its assets or business or
any other corporate act or proceeding.

         (f) Stockholder Approval. Any adjustment provided for in Subparagraphs
(a), (b), (c) or (d) above shall be subject to any required stockholder action.

         (g) Issuance of Securities. Except as hereinbefore expressly provided,
the issuance by the Company of shares of stock of any class, or securities
convertible into shares of stock of any class, for cash, property, labor or
services, upon direct sale, upon the exercise of rights or warrants to subscribe
therefor, or upon conversion of shares of obligations of the Company convertible
into such shares or other securities, and in any case whether or not for fair
value, shall not affect, and no adjustment by reason thereof shall be made with
respect to, the number of shares of Stock subject to Awards theretofore granted
or the purchase price per share, if applicable.

                   XIII. AMENDMENT AND TERMINATION OF THE PLAN

         The Board in its discretion may terminate the Plan at any time with
respect to any shares for which Awards have not theretofore been granted. The
Board shall have the right to alter or amend the Plan or any part thereof from
time to time; provided that no change in any Award theretofore granted may be
made which would impair the rights of the Holder without the consent of the
Holder (unless such change is required in order to cause the benefits under the
Plan to qualify as performance-based compensation within the meaning of Section
162(m) of the Code and applicable

                                      -15-

<PAGE>   16

interpretive authority thereunder), and provided further, that the Board may
not, without approval of the stockholders, amend the Plan:

         (a) to increase the maximum number of shares which may be issued under
the Plan, or on exercise or surrender of an Award, except as provided in
Paragraph XII;

         (b) to change the Option price;

         (c) to change the class of Eligible Participants to whom Awards may be
made under the Plan, or to materially increase the benefits accruing to Eligible
Participants under the Plan;

         (d) to extend the maximum period during which Awards may be granted
under the Plan; or

         (e) to modify materially the requirements as to eligibility for
participation in the Plan.

                               XIV. MISCELLANEOUS

         (a) No Right to An Award. Neither the adoption of the Plan by the
Company nor any action of the Board or the Committee shall be deemed to give an
Eligible Participant any right to be granted an Option, a Stock Appreciation
Right, a Restricted Stock Award, a Performance Award or a Phantom Stock Award or
any of the rights hereunder except as may be evidenced by an Option Agreement,
Stock Appreciation Rights Agreement, Restricted Stock Agreement, Performance
Award Agreement or Phantom Stock Award Agreement executed on behalf of the
Company by an authorized representative thereof, and then only to the extent and
on the terms and conditions expressly set forth therein. The Plan shall be
unfunded. The Company shall not be required to establish any special or separate
fund or to make any other segregation of funds or assets to assure the payment
of any Award.

         (b) No Employment or Service Rights Conferred. Nothing contained in the
Plan shall (i) confer upon any employee any right with respect to continuation
of employment or service with the Company or any Affiliate or (ii) interfere in
any way with the right of the Company or any Affiliate to terminate his or her
employment or service at any time.

         (c) Other Laws; Withholding. The Company shall not be obligated to
issue any Stock pursuant to any Award granted under the Plan at any time when
the shares covered by such Award have not been registered under the Securities
Act of 1933, as amended, and such other state and federal laws, rules or
regulations as the Company or the Committee deems applicable and, in the opinion
of legal counsel for the Company, there is no exemption from the registration
requirements of such laws, rules or regulations available for the issuance and
sale of such shares. No fractional shares of Stock shall be delivered, nor shall
any cash in lieu of fractional shares be paid. The

                                      -16-

<PAGE>   17

Company shall have the right to deduct in connection with all Awards any taxes
required by law to be withheld and to require any payments required to enable it
to satisfy its withholding obligations.

         (d) No Restriction on Corporate Action. Nothing contained in the Plan
shall be construed to prevent the Company or any Affiliate from taking any
corporate action which is deemed by the Company or such Affiliate to be
appropriate or in its best interest, whether or not such action would have an
adverse effect on the Plan or any Award made under the Plan. No employee,
beneficiary or other person shall have any claim against the Company or any
subsidiary as a result of any such action.

         (e) Restrictions on Transfer. An Award shall not be transferable
otherwise than by will or the laws of descent and distribution or pursuant to a
"qualified domestic relations order" as defined by the Code or Title I of the
Employee Retirement Income Security Act of 1974, as amended, or the rules
thereunder, and shall be exercisable during the Holder's lifetime only by such
Holder or the Holder's guardian or legal representative.

         (f) Section 162(m). If the Company is subject to Section 162(m) of the
Code, it is intended that the Plan comply fully with and meet all the
requirements of Section 162(m) of the Code so that Options and Stock
Appreciation Rights granted hereunder and, if determined by the Committee,
Restricted Stock Awards, Performance Awards and Phantom Stock Awards, shall
constitute "performance-based" compensation within the meaning of such section.
If any provision of the Plan would disqualify the Plan or would not otherwise
permit the Plan to comply with Section 162(m) of the Code as so intended, such
provision shall be construed or deemed amended to conform to the requirements or
provisions of Section 162(m) of the Code; provided that no such construction or
amendment shall have an adverse effect on the economic value to a Holder of any
Award previously granted hereunder. With respect to any Award granted to a
"covered employee" (as defined in Section 162(m)(3) of the Code), if the payment
of such Award is contingent on the satisfaction of performance goals, the
Committee shall certify in writing prior to payment of such Award that such
performance goals have been satisfied.

         (g) Governing Law. This Plan shall be construed in accordance with the
laws of the State of Delaware.

                                      -17-<PAGE>   1
                                                                     EXHIBIT 4.7

                        INCENTIVE STOCK OPTION AGREEMENT
                                   (EMPLOYEE)

      This Incentive Stock Option Agreement ("Option Agreement") is between
Century Bancshares, Inc., a Delaware corporation (the "Company"), and
____________________ (the "Optionee").

                                   WITNESSETH:

      WHEREAS, the Company has heretofore adopted the Century Bancshares, Inc.
2000 Stock Awards Plan (the "Plan") for the purpose of providing employees of
the Company or Century National Bank (the "Bank") (as defined in the Plan) with
additional incentive to promote the success of the business, to increase their
proprietary interest in the success of the Company, and to encourage them to
remain in the employ of the Company or the Bank; and

      WHEREAS, the Company, acting through the Compensation Committee designated
by the Board of Directors (the "Committee"), has determined that its interests
will be advanced by the issuance to Optionee of incentive stock options under
the Plan;

      NOW THEREFORE, for and in consideration of these premises it is agreed as
follows:

      1. Options. Subject to the terms and conditions contained herein, the
Company hereby irrevocably grants to Optionee the right and option ("Options")
to purchase from the Company ____________ shares of the Company's common stock,
$1.00 par value ("Common Stock"), at a price of ______ per share, which is
deemed to be not less than the fair market value of the Common Stock at the date
of grant of the Options.

      2. Option Period; Vesting. The Options herein granted may be exercised by
Optionee in whole or in part at any time during the period beginning on the date
hereof, and ending ________________ ("Option Period"), subject to the limitation
that said Options shall not be exercisable for more than a percentage of the
aggregate number of shares offered by this Option Agreement determined by the
number of months Optionee is employed with the Company or the Bank from the
effective date of this Option Agreement to the date of such exercise, in
accordance with the following schedule:
<PAGE>   2

                     Number of Full                           Percentage of
                 Months of Employment                      Options Exercisable
                 --------------------                      -------------------

      Less than six months                                        None
      Six months or more, but less than 18 months                  25%
      18 months or more, but less than 30 months                   50%
      30 months or more, but less than 42 months                   75%
      42 months or more, but less than 120 months                 100%

Notwithstanding anything in this Agreement to the contrary, the Committee in its
sole discretion may waive the foregoing schedule of vesting and, upon written
notice to Optionee, accelerate the earliest date or dates on which the Options
granted hereunder are exercisable with respect to any of the shares offered.

      3. Procedure for Exercise. The Options herein granted may be exercised by
written notice by Optionee to the Secretary of the Company setting forth the
number of shares of Common Stock with respect to which the Options are to be
exercised accompanied by payment of the purchase price for the shares to be
purchased, and specifying the address to which the certificate for such shares
is to be mailed. Payment shall be in the form of cash or cashier's check, bank
draft, postal or express money order payable to the order of the Company or, at
the option of Optionee, shares of Common Stock theretofore owned by Optionee (or
a combination of cash and Common Stock) having a value equal to the aggregate
purchase price. As promptly as practicable after receipt of such written
notification and payment, the Company shall deliver to Optionee certificates for
the number of shares of Common Stock with respect to which such Options have
been so exercised.

      4. Termination of Employment. If Optionee's employment with the Company or
the Bank is terminated during the Option Period for any reason other than death
or disability, Options granted to him or her hereunder which are not exercisable
on such date thereupon terminate. Any Options which are exercisable on the date
of his or her termination of employment may be exercised during a three-month
period beginning on such date, but in no event may the option be exercised after
the expiration date of the Option Period; provided, however, if Optionee's
termination of employment is due to Optionee's dishonesty, theft, embezzlement
from the Company or the Bank, disclosing trade secrets of the Company or the
Bank, willful violation of any rules of the Company or the Bank pertaining to
the conduct of individuals performing services for the Company or the Bank, or
the commission of a willful felonious act while in the employment of the Company
or the Bank, then any option or unexercised portion thereof granted to Optionee,
shall expire upon such termination of employment.

      5. Disability or Death. In the event of the determination of disability or
death of Optionee under the Plan while he or she is employed by the Company or
the Bank, all Options hereunder exercisable at the date of such disability or
death shall be thereafter exercisable by Optionee, the guardian of his or her
estate, his or her executor or administrator, or the person or persons to whom
his or her rights under this Option Agreement shall pass by will or by the laws
of descent and distribution, as the case may be, for a period of one year from
the date of Optionee's disability or death, unless this Option Agreement should
earlier terminate in accordance with its other terms. In

                                      -2-
<PAGE>   3

no event may any Options be exercised after the end of the Option Period.
Optionee shall be deemed to be disabled if, in the opinion of a physician
selected by the Committee, he or she is incapable of performing services for the
Company or the Bank of the kind he or she was performing at the time the
disability occurred by reason of any medically determinable physical or mental
impairment which can be expected to result in death or to be of long, continued
and indefinite duration. The date of determination of disability for purposes
hereof shall be the date of such determination by such physician.

      6. Transferability. Neither the Options granted hereunder nor any rights
or benefits of Optionee under this Option Agreement shall be transferable by
Optionee otherwise than by Optionee's will or by the laws of descent and
distribution. During the lifetime of Optionee, the Options shall be exercisable
only by him or her. Any heir or legatee of Optionee shall take rights herein
granted subject to the terms and conditions hereof. No such transfer of this
Option Agreement to heirs or legatees of Optionee shall be effective to bind the
Company unless the Company shall have been furnished with written notice thereof
and a copy of such evidence as the Committee may deem necessary to establish the
validity of the transfer and the acceptance by the transferee or transferees of
the terms and conditions hereof.

      7. No Rights as Stockholder. Optionee shall have no rights as a
stockholder with respect to any shares of Common Stock covered by this Option
Agreement until the date of issuance of a certificate for shares of Common Stock
purchased pursuant to this Option Agreement. Until such time, Optionee shall not
be entitled to dividends or to vote at meetings of the stockholders of the
Company. Except as provided in paragraph 9 hereof, no adjustment shall be made
for dividends (ordinary or extraordinary, whether in cash or securities or other
property) paid or distributions or other rights granted in respect of any share
of Common Stock for which the record date for such payment, distribution or
grant is prior to the date upon which Optionee shall have been issued share
certificates, as provided hereinabove.

      8. Extraordinary Corporate Transactions. If the Company recapitalizes or
otherwise changes its capital structure, or merges, consolidates, sells all of
its assets or dissolves (each of the foregoing a "Fundamental Change"), then
thereafter upon any exercise of Options granted hereunder, Optionee shall be
entitled to purchase under such Options, in lieu of the number of shares of
Common Stock as to which such Options shall then be exercisable, the number and
class of shares of stock and securities to which Optionee would have been
entitled pursuant to the terms of the Fundamental Change if, immediately prior
to such Fundamental Change, Optionee had been the holder of record of the number
of shares of Common Stock as to which such Options are then exercisable. If the
Company shall not be the surviving entity upon the occurrence of a Fundamental
Change, the Options granted hereunder shall be governed by Section XII(c)
("Change of Control") of the Plan.

      9. Change of Control. In the event there is a Change of Control, as
hereafter defined, of the Company or its wholly-owned subsidiary Century
National Bank ("Bank"), and if the Optionee is employed by the Company or the
Bank at the time such Change of Control occurs, then the stock options granted
by this Agreement shall become fully vested, regardless of Optionee's length of
service, effective as of the date such Change of Control occurs or, if
applicable, such earlier time as

                                      -3-
<PAGE>   4

may be necessary to allow Optionee's shares purchased pursuant to such options
to be sold or exchanged in connection with the transaction resulting in such
Change of Control.

      For purposes of this Agreement, a "Change of Control" shall mean the
occurrence of one or more of the following: (a) a change in the Company's or the
Bank's status requiring prior notice to the Board of Governors of the Federal
Reserve System and/or the Office of the Comptroller of the Currency pursuant to
the Change in Bank Control Act, as amended, and regulations promulgated
thereunder, or (b) the acquisition by any person or group of persons (as such
terms are defined and used in Sections 3(a)(9) and 14(d)(2) of the Securities
Exchange Act of 1934, as amended) of beneficial ownership (as defined in Rule
13d-3 issued under that Act), directly or indirectly, of securities representing
more than fifty percent (50%) of the combined voting power of the then
outstanding voting securities of the Company or the Bank entitled to voted
generally in the election of directors ("Voting Securities"), or (c) individuals
who constituted a majority of the Board of Directors of the Company on the date
of this Agreement ("Incumbent Board") cease for any reason to constitute at
least a majority of that Board, provided that any person becoming a director
subsequent to the date of this Agreement whose election or whose nomination for
election by Company stockholders was approved by a majority vote of the
directors comprising the Incumbent Board shall be, for purposes of this
Agreement considered as though he or she were a member of the Incumbent Board;
or (d) a reorganization, merger, or consolidation with respect to which those
persons (as defined above) who were beneficial owners of the Voting Securities
of the Bank or of the Company immediately prior to such reorganization, merger,
or consolidation do not, following such reorganization, merger or consolidation,
beneficially own, directly or indirectly, shares representing more than 50% of
the combined voted power of the Voting Securities of the corporation resulting
from such reorganization, merger, or consolidation; or (e) a sale of all or of
substantially all of the assets of the Bank or the Company.

      10. Changes in Capital Structure. The existence of outstanding Options
shall not affect in any way the right or power of the Company or its
shareholders to make or authorize any or all adjustments, recapitalizations,
reorganizations or other changes in the Company's capital structure or its
business, or any merger or consolidation of the Company, or any issuance of
Common Stock or subscription rights thereto, or any issuance of bonds,
debentures, preferred or prior preference stock ahead of or affecting the Common
Stock or the rights thereof, or the dissolution or liquidation of the Company,
or any sale or transfer of all or any part of its assets or business, or any
other corporate act or proceedings, whether of a similar character or otherwise.
If the outstanding shares of Common Stock of the Company shall at any time be
changed or exchanged by declaration of a stock dividend, stock split,
combination of shares, or recapitalization, the number and kind of shares
subject to the Plan or subject to any Options theretofore granted, and the
Option prices, shall be appropriately and equitably adjusted so as to maintain
the proportionate number of shares without changing the aggregate Option price.

      11. Compliance With Securities Laws. Upon the acquisition of any shares
pursuant to the exercise of the Options herein granted, Optionee (or any person
acting under paragraph 6) will enter into such written representations,
warranties and agreements as the Company may reasonably request in order to
comply with applicable securities laws or with this Option Agreement.

                                      -4-
<PAGE>   5

      12. Compliance With Laws. Notwithstanding any of the other provisions
hereof, Optionee agrees that he or she will not exercise the Options granted
hereby, and that the Company will not be obligated to issue any shares pursuant
to this Option Agreement, if the exercise of the Options or the issuance of such
shares of Common Stock would constitute a violation by Optionee or by the
Company of any provision of any law or regulation of any governmental authority.

      13. Resolution of Disputes. As a condition of the granting of the Options
hereby, Optionee and his or her heirs and successors agree that any dispute or
disagreement which may arise hereunder shall be determined by the Committee in
its sole discretion and judgment, and that any such determination and any
interpretation by the Committee of the terms of this Option Agreement shall be
final and shall be binding and conclusive, for all purposes, upon the Company,
Optionee, his or her heirs and personal representatives.

      14. Legends on Certificate. The certificates representing the shares of
Common Stock purchased by exercise of any Options will be stamped or otherwise
imprinted with legends in such form as the Company or its counsel may require
with respect to any applicable restrictions on sale or transfer and the stock
transfer records of the Company will reflect stop-transfer instructions with
respect to such shares.

      15. Notices. Every notice hereunder shall be in writing and shall be given
by registered or certified mail. All notices of the exercise of any Options
hereunder shall be directed to Century Bancshares, Inc., 1275 Pennsylvania
Avenue, N.W., Washington, D.C. 20004, Attention: Corporate Secretary. Any notice
given by the Company to Optionee directed to him or her at his or her address on
file with the Company shall be effective to bind him or her and any other person
who shall acquire rights hereunder. The Company shall be under no obligation
whatsoever to advise Optionee of the existence, maturity or termination of any
of Optionee's rights hereunder and Optionee shall be deemed to have familiarized
himself or herself with all matters contained herein and in the Plan which may
affect any of Optionee's rights or privileges hereunder.

      16. Construction and Interpretation. Whenever the term "Optionee" is used
herein under circumstances applicable to any other person or persons to whom
this award, in accordance with the provisions of paragraph 6 hereof, may be
transferred, the word "Optionee" shall be deemed to include such person or
persons.

      17. Notice of Disposition. If Optionee disposes of any shares of Common
Stock acquired pursuant to the exercise of any Options granted hereunder prior
to the earlier of (i) two years from the date of this Option Agreement or (ii)
one year from the date the shares of Common Stock were acquired, Optionee shall
notify the Company of such disposition within ten days of its occurrence and
deliver to the Company any amount of federal or state income tax withholding
required by law. Payment of the withholding shall be made in accordance with
Section 10 of the Plan. If Optionee fails to pay the withholding tax, the
Company is authorized to withhold from any cash remuneration then or thereafter
payable to Optionee any tax required to be withheld by reason of any disposition
named herein.

                                      -5-
<PAGE>   6

      18. Agreement Subject to Plan. This Option Agreement is subject to the
Plan. The terms and provisions of the Plan (including any subsequent amendments
thereto) are hereby incorporated herein by reference thereto. In the event of a
conflict between any term or provision contained herein and a term or provision
of the Plan, the applicable terms and provisions of the Plan will govern and
prevail. All definitions of words and terms contained in the Plan shall be
applicable to this Option Agreement.

      19. Employment Relationship. Optionee shall be considered to be in the
employment of the Company as long as he or she remains an employee of the
Company or the Bank. Any questions as to whether and when there has been a
termination of such employment and the cause of such termination shall be
determined by the Committee, and its determination shall be final. Nothing
contained herein shall be construed as conferring upon Optionee the right to
continue in the employ of the Company or the Bank, nor shall anything contained
herein be construed or interpreted to limit the "employment at will"
relationship between Optionee and the Company or the Bank.

      20. Confidentiality; Nonsolicitation. Optionee recognizes and acknowledges
that Optionee has and will have access to confidential information of a special
and unique value concerning the Company and/or the Bank which may include,
without limitation, books and records relating to operations, customer names and
addresses, customer service requirements, customer financial statements, and
other financial, business and personal information relating to the Company
and/or the Bank, their customers, markets, officers and criteria. Optionee also
recognizes that a portion of the business of the Company and the Bank is
dependent upon trade secrets, including techniques, methods, systems, processes,
data and other confidential information. The protection of these trade secrets
and confidential information against unauthorized disclosure or use is of
critical importance to the Company. Optionee therefore agrees that, without
prior written authorization from the Chief Executive Officer of the Company,
Optionee will not at any time, either while employed by the Company or the Bank
or afterwards, make any independent use of or disclose to any other person, any
trade secrets or confidential information of the Company or the Bank.

             All records, files, memoranda, reports, price lists, customer
lists, documents, and other information (together with all copies thereof) which
relate to the Company and/or the Bank, and which Optionee has obtained or
obtains, uses, prepares, or comes into contact with shall remain the sole
property of the Company. Upon the termination of Optionee's employment with the
Company, all such materials and all copies thereof shall be returned to the
Company immediately.

           Optionee, on behalf of him/herself and his/her present and future
affiliates and employers for a period of six months following the termination of
Optionee's employment with the Company and/or the Bank, agrees not to and shall
not directly or indirectly (i) hire, employ or engage any past, present or
future employee of the Company or the Bank without the prior written permission
of the Chief Executive Officer of the Company, (ii) compete for or solicit
banking, lending, deposit taking or any other banking or trust services business
from any customer of the Company or the Bank, or (iii) use in any competition,
solicitation or marketing effort any proprietary list of or other information
concerning customers of the Company or the Bank.

                                      -6-
<PAGE>   7

      21. Entire Agreement; Amendment. This Option Agreement and any other
agreements and instruments contemplated by this Option Agreement contain the
entire Agreement of the parties, and this Option Agreement may be amended only
in writing signed by both parties.

      22. Binding Effect. This Option Agreement shall be binding upon and inure
to the benefit of any successors to the Company and all persons lawfully
claiming under Optionee.

      IN WITNESS WHEREOF, this Option Agreement has been executed and is
effective as of the ______ day of ______________ 200__.

                                           CENTURY BANCSHARES, INC.

                                           -------------------------------------
                                           Name:
                                           Title:
ATTEST:

---------------------------------------
Name:
Title:
                                           OPTIONEE:

                                           -------------------------------------
                                           Name:

                                      -7-

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