Document:

CyrusOne 2013 Short Term Incentive Plan

 Exhibit 10.8 
 CYRUSONE 
 2013 SHORT TERM INCENTIVE PLAN 

(As adopted effective as of November 15, 2012) 

 CYRUSONE 
 2013 SHORT TERM INCENTIVE PLAN 
 (As adopted effective as of [November 15],
2012) 
 1. Introduction to Plan. 
 1.1 Name and Sponsor of Plan. The name of this Plan is the CyrusOne 2013 Short Term Incentive Plan, and its sponsor is CyrusOne. 

1.2 Purposes of Plan. The purposes of this Plan are (i) to further the growth of the Company by offering Key Employees
of the Company competitive incentive compensation related to annual company and individual performance goals and (ii) to aid the Company in attracting and retaining Key Employees of outstanding abilities. 

1.3 Effective Date and Duration of Plan. 
 (a) The Plan is effective as of the Effective Date. 
 (b) The Plan shall remain in
effect thereafter until the date on which the Plan is terminated in accordance with section 13 hereof. Upon the termination of the Plan, no awards may be granted under the Plan after the date of such termination but any award granted under the Plan
on or prior to the date of such termination shall remain outstanding in accordance with the terms of the Plan and the terms of the award. 

2. General Definitions. For all purposes of the Plan and in addition to other definitions of terms that are contained in other sections of
the Plan, the following terms shall have the meanings indicated below when used in the Plan, unless the context clearly indicates otherwise. 
 2.1 “Board” means the Board of Directors of CyrusOne. 
 2.2
“CEO” means, as of any point in time, the person then designated by CyrusOne as its Chief Executive Officer. 
 2.3
“Change in Control” means the occurrence of any of the events described in subsection 10.2 hereof. 
 2.4
“Code” means the Internal Revenue Code of 1986, as it exists as of the Effective Date and as it may thereafter be amended. A reference to a specific section of the Code shall be deemed to be a reference both (i) to the provisions of
such section as it exists as of the Effective Date and as it is subsequently amended, renumbered, or superseded (by future legislation) and (ii) to the provisions of any government regulation that is issued under such section as of the
Effective Date or as of a later date. 
 2.5 “Committee” means the committee appointed to administer the Plan under
the provisions of subsection 3.1 hereof. 
 2.6 “Company” means, collectively, (i) CyrusOne, (ii) each other
corporation that is part of a controlled group of corporations (within the meaning of Section 1563(a) of the Code, but determined without regard to Sections 1563(a)(4) and (e)(3)(C) of the Code) that

  
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includes CyrusOne, and (iii) each other organization (a partnership, sole proprietorship, etc.) that is under common control (within the meaning of Section 414(b) of the Code) with
CyrusOne. 
 2.7 “CyrusOne” means CyrusOne, Inc. (and, except for purposes of determining whether a Change in Control
has occurred, any legal successor to CyrusOne, Inc. that results from a merger or similar transaction). 
 2.8 “CyrusOne
Tax Year” means any tax year of CyrusOne for Federal income tax purposes. As of the Effective Date and until changed by CyrusOne, a CyrusOne Tax Year is a calendar year. 
 2.9 “Effective Date” means [November 15], 2012, the date of adoption of this Plan by the Board of Directors of Cincinnati Bell Inc. 

2.10 “Key Employee” means any person who is both (i) employed and classified as an employee by the Company and
(ii) an officer of the Company subject to the disclosure requirements of Section 16 of the Exchange Act. 
 2.11
“Exchange Act” means the Securities Exchange Act of 1934, as it exists as of the Effective Date and as it may thereafter be amended. A reference to a specific section of the Exchange Act shall be deemed to be a reference both (i) to
the provisions of such section as it exists as of the Effective Date and as it is subsequently amended, renumbered, or superseded (by future legislation) and (ii) to the provisions of any government regulation or rule that is issued under such
section as of the Effective Date or as of a later date. 
 2.12 “Participant” means a person who, as a Key Employee,
was granted an award under the Plan. 
 2.13 “Plan” means this document, named the “CyrusOne 2013 Short Term
Incentive Plan,” as set forth herein and as it may be amended. 
 3. Administration of Plan. 

3.1 Committee To Administer Plan. The Plan shall be administered by the Committee. The Committee shall be the Compensation
Committee of the Board, unless and until the Board appoints a different committee to administer the Plan. The Committee shall in any event consist of at least three members of the Board (i) who are neither officers nor employees of the Company
and (ii) who are outside directors within the meaning of Section 162(m)(4)(C)(i) of the Code. 
 3.2
Committee’s Authority. Subject to the limitations and other provisions of the Plan, the Committee shall have the sole and complete authority: 
 (a) to select, from all of the Key Employees, those Key Employees who shall participate in the Plan; 
 (b) to make awards to Key Employees at such times, in such forms, and in such amounts as it shall determine and to cancel, suspend, or amend any such awards; 

  
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 (c) to impose such limitations, restrictions, and conditions upon awards as it shall deem
appropriate; 
 (d) to interpret the Plan and to adopt, amend, and rescind administrative guidelines and other rules and
regulations relating to the Plan; 
 (e) to appoint certain employees of the Company to act on its behalf as its representatives
(including for purposes of signing agreements which reflect awards granted under the Plan); and 
 (f) to make all other
determinations and to take all other actions it deems necessary or advisable for the proper administration of the Plan. 
 Except to the extent
otherwise required by applicable law, the Committee’s determinations on any matter within its authority shall be conclusive and binding on the Company, all Participants, and all other parties. 

3.3 Flexibility in Granting Awards. Notwithstanding any other provision of the Plan that may be read to the contrary, the
Committee may set different terms and conditions applicable to each and any award granted under the Plan, even when issued to the same Participant, and there is no obligation that the awards made with respect to any CyrusOne Tax Year must contain
the same terms and conditions for all Participants or any group of Participants. 
 3.4 Board Approval Needed for CEO
Awards. Notwithstanding the foregoing provisions of this section 3, any award set by the Committee for issuance to the Key Employee who is the CEO must be approved by the Board in order to become effective. 

4. Class of Key Employees Eligible for Plan. Awards may be granted under the Plan to, and only to, Key Employees. As is indicated in
section 3 hereof, the specific Key Employees to whom awards will be granted under the Plan, and who thereby will be Participants under the Plan, shall be chosen by the Committee in its sole discretion. 

5. Awards. 

5.1 CyrusOne Tax Year Awards. Awards may be granted under the Plan at any time while the Plan is in effect by the Committee
to any Key Employee or Key Employees (with any person who, as a Key Employee, is granted an award under the Plan being referred to herein as a Participant). Any award granted under the Plan to a Participant shall be made with respect to a specific
CyrusOne Tax Year (for all purposes of the Plan, the award’s “Award Year”) and shall be composed of one or more parts. The grant of any award under the Plan to a Participant with respect to any CyrusOne Tax Year shall not entitle the
Participant to an award for any subsequent CyrusOne Tax Year. 
 5.2 Award Parts and Payment of Award Amount.

 (a) As is indicated in subsection 5.1 hereof, any award granted under the Plan to a Participant shall be composed of one
or more parts. Each part of an award granted under the Plan to a Participant shall be referred to herein, for all purposes of the Plan, as an “award part” and shall, subject to the following subsections of this section 5 and the provisions
of section 8 hereof, provide for an 

  
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amount to be paid to the Participant if and only if either Company performance goals or individual performance goals are determined to have been met in accordance with rules described in the
following subsections of this section 5 and in sections 6 and 7 hereof. 
 (b) Further, subject to the
following subsections of this section 5 and the provisions of section 7 and subsection 14.1 hereof, the total amount to be paid by reason of any award granted to a Participant under the Plan shall equal the sum of the amounts, if any, payable under
each award part of the award and shall be paid in a lump sum, in cash or in equity-based awards, as determined by the Committee, to the Participant after the end of the award’s Award Year but no later than the 15th day of the third month of the CyrusOne Tax Year that next follows
the award’s Award Year. Any equity-based awards granted to the Participant in payment of any award granted under the Plan shall be subject to the terms of the CyrusOne 2012 Long Term Incentive Plan (or any successor plan) and any applicable
award agreement evidencing such equity-based awards. With respect to any award granted under the plan that is intended to qualify as “qualified performance-based compensation” under Section 162(m) of the Code, the equivalent value of
any equity-based awards shall be determined in accordance with a methodology specified by the Committee within the first 90 days of the relevant Award Year (or, if shorter, within the maximum period allowed under Section 162(m) of the Code).

 5.3 Determination of Amount Payable under Award. 

(a) Any award granted under the Plan to a Participant shall indicate a target payment amount (for all purposes of the Plan, the
award’s “Target”) and assign a percent of the award’s Target to each award part of the award (with the percent of the award’s Target so assigned to any such award part being referred to herein, for all purposes of the Plan,
as such award part’s “Target Share”). 
 (b) Subject to the other provisions of this section 5, the amount
payable under an award that relates to any award part of the award shall be equal to such award part’s Target Share if certain (or a certain level) of the Company performance goals or the individual performance goals (as the case may be)
applicable to the award part are determined to be met and may also specify a payment amount more or less than such Target Share if additional or fewer (or if a higher or lower level) of the performance goals applicable to the award part are
determined to be met. 
 5.4 Discretion To Reduce Award Amount. 

(a) Notwithstanding the foregoing subsections of this section 5 and with respect to any award granted under the Plan to a Participant, the
Committee (or, when the award was granted to the CEO, the Board) may, prior to any payment being made under the award and in its sole and unrestricted discretion and for any reason (including its determination of the Participant’s performance
of his or her duties for the Company), reduce the amount that is otherwise payable under the award by reason of any award part of the award that determines an amount payable based on satisfaction of Company performance goals. 

(b) The Committee (or, when the applicable award is granted to the CEO, the Board) may set, in the terms of an award granted under the
Plan to a Participant, a limit on the reduction that can be made under this subsection 5.4 to the amount otherwise 

  
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payable under the award by reason of any award part that determines an amount payable based on satisfaction of Company performance goals. 

(c) Except as otherwise permitted by Section 162(m) of the Code, the discretion granted the Committee (or, if applicable, the Board)
under this subsection 5.4 shall not in any manner allow it to, with respect to any award or award part that is intended to qualify as “qualified performance-based compensation” under Section 162(m) of the Code, (i) grant or
provide payment in respect of any award part that determines an amount payable based on satisfaction of Company performance goals if the performance criteria identified in subsection 6.1 hereof that is used to determine the performance goals for
such performance period have not been attained, (ii) increase the amount that would otherwise be payable under any award granted under the Plan by reason of any award part that determines an amount payable based on satisfaction of Company
performance goals after the first 90 days of the performance period (or, if shorter, the maximum period allowed under Section 162(m) of the Code) or (iii) increase the amount of any award part that determines an amount payable based on
satisfaction of Company performance goals above the maximum amount payable under subsection 5.7 hereof. 
 5.5 Effect on
Award Amount of Mid-Year Eligibility, Retirement, Death, Disability, or Leave of Absence. Notwithstanding the foregoing subsections of this section 5, if a situation that is described in any of the following paragraphs of this subsection 5.5
applies to a Participant to whom an award is granted under the Plan, then the amount that is payable under the award shall be deemed to be equal to the product obtained by multiplying (i) the amount that would otherwise be payable under the
award based on all of the foregoing subsections of this section 5 (without regard to the provisions of this subsection 5.5) by (ii) a fraction, the numerator of which is equal to the difference between the total number of days in the
award’s Award Year and the number of days that are to be excluded from such fraction’s numerator pursuant to whichever of the following paragraphs of this subsection 5.5 are applicable to the Participant and the denominator of which is the
total number of days in such Award Year. 
 (a) If the Participant becomes a Key Employee during but after the first day of the
award’s Award Year, and/or if the Participant ceases to be a Key Employee during but prior to the last day of the award’s Award Year because of his or her retirement or death, then the numerator of the fraction referred to above shall
exclude the number of the days in such Award Year on which the Participant is not a Key Employee. For all purposes of the Plan, a Participant’s “retirement” shall be deemed to have occurred only if the Participant ceases to be an
employee of the Company after either (i) both attaining age 60 and completing at least ten years of continuous service as an employee with the Company or (ii) completing at least 30 years of continuous service as an employee with the
Company. 
 (b) If the Participant receives disability benefits under the Company’s Sickness and Accident Disability
Benefits Plan or any similar type of disability plan for more than three months of the award’s Award Year, the numerator of the fraction referred to above shall exclude the number of the days in the period of such Award Year for which
disability benefits are payable to the Participant under such plan. 
 (c) If the Participant is on a leave of absence (approved
by the Company) for more than three months of the award’s Award Year, the numerator of the fraction referred to above shall exclude the number of the days in such Award Year on which the Participant is on such leave of absence. 

  
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 5.6 Employment Requirements for Receipt of Award Amount. Notwithstanding the
foregoing subsections of this section 5, a Participant to whom an award has been granted under the Plan shall not in any event be entitled to receive any amount by reason of the award unless he or she both: 

(a) either (i) is an employee of the Company on the last day of the award’s Award Year or (ii) had his or her employment
with the Company end during such Award Year because of his or her disability (for which the Participant will be entitled to receive or has received disability benefits under the Company’s Sickness and Accident Disability Benefits Plan or any
similar type of disability plan), his or her retirement (as defined in subsection 5.5(a) hereof), or his or her death; and 

(b) has had at least three months of active service for the Company during the award’s Award Year (not including any time the
Participant was absent from active service during such Award Year by reason of any leave of absence or for any other reason, including an absence on account of disability). 
 5.7 Maximum Amount of Award. Notwithstanding any other provision of the Plan to the contrary, the amount payable to a Participant by reason of any award (including all of its award parts)
that is granted to the Participant under the Plan with respect to any CyrusOne Tax Year shall not in any event exceed $3,000,000. 
 5.8 Award Agreements. Each award granted under the Plan to a Participant (and the terms of such award) may be evidenced in such manner as the Committee determines, including but not limited
to written resolutions of the Committee or an agreement, notice, or similar document that is provided in any manner to the Participant. 
 6.
Company Performance Goals. 
 6.1 Criteria for Company Performance Goals. To the extent the meeting of
“Company performance goals” set by the Committee may be a condition to an amount being determined with respect to an award part of an award granted under the Plan, the performance goals applicable to such award shall be determined by the
Committee in its discretion, provided that if such award or award part is intended to qualify as “qualified performance-based compensation” under Section 162(m) of the Code, the Committee shall base such Company performance goals on,
and only on, one or more of the following criteria applicable to the Company: 
 (a) free cash flow (defined as
cash generated by operating activities, minus capital expenditures and other investing activities, dividend payments and proceeds from the issuance of equity securities, and proceeds from the sale of assets); 

(b) operating cash flow; 
 (c) cash available for distribution; 

  
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 (d) earnings before interest, taxes, depreciation, and amortization;

 (e) earnings per share; 

(f) funds from operations; 
 (g) adjusted funds from operations; 
 (h) operating efficiency;

 (i) operating income; 
 (j) total shareholder returns; 
 (k) profit targets; 

(l) revenue targets; 
 (m) profitability targets as measured by return ratios; 
 (n)
working capital; 
 (o) market share (in the aggregate or by segment); 

(p) portfolio and regional occupancy rates; 

(q) net income; 
 (r) return on investment or capital; 
 (s) return on assets;

 (t) return on equity; 
 (u) return on sales; 
 (v) return on development; 

(w) level or amount of acquisitions. 
 6.2 Method By Which Performance Criteria Can Be Measured. 
 (a) Any
performance criteria identified in subsection 6.1 hereof that is used to determine the Company performance goals applicable to an award part of an award granted under the Plan shall be measured or determined on the basis of the award’s Award
Year, shall be set by the Committee either prior to the start of such year or within its first 90 days (provided that the performance criteria is not in any event set after 25% or more of the applicable Award Year has elapsed) and shall be criteria
that will be able to be objectively determined by the Committee. 
 (b) Further, the Committee may provide in the terms of an
award granted under the Plan that any factor used to help determine any performance criteria identified in subsection 6.1 hereof shall be taken into account only to the extent it exceeds or, conversely, is less than a certain amount. The Committee
may also provide in the terms of an award granted under the Plan that, in 

  
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determining whether any performance criteria identified in subsection 6.1 hereof has been attained, certain special or technical factors shall be ignored or, conversely, taken into account, in
whole or in part, including but not limited to any one or more of the following factors: 
 (1) a gain, loss, income, or
expense resulting from changes in generally accepted accounting principles that become effective during the award’s Award Year; 
 (2) a gain, loss, income, or expense that is extraordinary in nature; 
 (3) an
impact of other specified nonrecurring events; 
 (4) a gain or loss resulting from, and the direct expense incurred in
connection with, the disposition of a business, in whole or in part, the sale of investments or non-core assets, or discontinued operations, categories, or segments of businesses; 

(5) a gain or loss from claims and/or litigation and insurance recoveries relating to claims or litigation; 

(6) an impact of impairment of tangible or intangible assets; 
 (7) an impact of restructuring activities, including, without limitation, reductions in force; 
 (8) an impact of investments or acquisitions made during the applicable Award Year; 
 (9) a loss from political and legal changes that impact operations, as a consequence of war, insurrection, riot, terrorism, confiscation, expropriation, nationalization, deprivation, seizure, business
interruption, or regulatory requirements; 
 (10) retained and uninsured losses from natural catastrophes; 

(11) currency fluctuations; 
 (12) an expense relating to the issuance of stock options and/or other stock-based compensation; 
 (13) an expense relating to the early retirement of debt; and/or 
 (14) an impact
of the conversion of convertible debt securities. 
 Each of the adjustments described in this paragraph (b) shall be determined in
accordance with generally accepted accounting principles and standards, unless another objective method of measurement is designated by the Committee. 
 (c) In addition, any performance criteria identified in subsection 6.1 hereof, and any adjustment in the factors identified in paragraph (b) of this subsection 6.2 that are used to determine any such
performance criteria, may: (i) be measured or determined for CyrusOne, for any organization other than CyrusOne that is part of the Company, for the entire Company in the aggregate, or for any

  
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group of corporations or organizations that are included in the Company; and (ii) be measured and determined in an absolute sense and/or in comparison to the analogous performance criteria
of other publicly traded companies (that are selected for such comparison purposes by the Committee). 
 6.3 Verification
That Company Performance Goals Are Met. In order for any amount to become payable under the Plan when such amount is attributable to an award part of an award granted under the Plan that required the meeting of any Company performance goals,
the Committee shall and must verify that such Company performance goals have been met by the latest date by which such amount must be paid under the other provisions of the Plan. 

6.4 Award Parts Intended To Constitute Performance-Based Compensation. To the extent any amount that becomes payable under
an award granted under the Plan is attributable to an award part of such award the payment of which is subject solely to the achievement of Company performance goals and that otherwise meets the requirements of Section 162(m)(4)(c) of the Code
and the applicable regulations thereunder, such amount is intended to constitute “qualified performance-based compensation,” within the meaning of Treasury Regulations Section 1.162-27(c) as issued under Code Section 162(m), and
thereby, to be able to be deductible by the Company for Federal income tax purposes without regard to the deduction limits of Section 162(m)(1) of the Code. 
 7. Individual Performance Goals. To the extent the meeting of “individual performance goals” may be a condition to an amount being determined with respect to an award part of an
award granted under the Plan to a Participant, the Committee may base such individual performance goals on any criteria it determines is appropriate for judging the performance of the Participant in fulfilling his or her duties for the Company. Such
individual performance goals may be set at any time by the Committee, including after the end of the Award Year applicable to the award, and can be criteria that is either objectively or subjectively determinable by the Committee. When the
applicable award is issued to the CEO, the Board shall have final approval as to the determination of whether the CEO has met any such individual performance goals. For the avoidance of doubt, any award part, the payment of which is subject to the
meeting of individual performance goals, is not intended to constitute “qualified performance-based compensation” under Section 162(m) of the Code. 
 8. Beneficiary Rules. 
 8.1 Payment to Beneficiary.
Notwithstanding any of the foregoing provisions of the Plan, if a Participant is entitled to receive a payment under any award granted to him or her under the Plan by reason of the foregoing provisions of the Plan, but he or she dies before such
payment is made to him or her, then such payment shall be made to the Participant’s beneficiary (as determined under the provisions of subsection 8.2 hereof) at the same time as such payment would be made if the Participant had not died. No
beneficiary of a Participant shall be entitled to any amount under the Plan that is greater than the amount to which the Participant is entitled under the foregoing provisions of the Plan. 

8.2 Beneficiary Designation. For purposes of the Plan, a Participant’s “beneficiary” shall mean the
person(s), trust(s), and/or other entity(ies) whom or which the Participant designates as his or her beneficiary for the purposes of the Plan in any writing or form 

  
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which is signed by the Participant and acceptable to the Committee, provided that such writing or form is filed with the Committee prior to the Participant’s death. The determination of a
Participant’s beneficiary under the Plan shall also be subject to the following paragraphs of this subsection 8.2. 
 (a)
If the Participant names more than one person, trust, and/or other entity as part of his or her beneficiary with respect to the Plan, each person, trust, and other entity designated as part of the Participant’s beneficiary shall be entitled to
an equal share of any amount payable to the Participant’s beneficiary under any award granted under the Plan (unless the Participant otherwise designates in the writing or form by which he or she names his or her beneficiary for purposes of the
Plan). 
 (b) The Participant may revoke or change his or her beneficiary designation by signing and filing with the Committee
at any time prior to his or her death a new writing or form acceptable to the Committee. 
 (c) Notwithstanding the foregoing
provisions of this subsection 8.2, if no beneficiary designation of the Participant has been filed with the Committee prior to his or her death, or if the Committee in good faith determines either that any beneficiary designation made by the
Participant prior to his or her death is for any reason not valid or enforceable under applicable law or that there is a valid question as to the legal right of the designated beneficiary to receive the applicable payment, then the applicable
payment shall be paid to the estate of the Participant (in which case none of the Company, the Committee, or any of their personnel, agents, or representatives shall have any further liability to anyone with respect to such payment). 

9. Nonassignability of Awards. Except as may be required by applicable law, no award granted under the Plan or any part thereof may be
assigned, transferred, pledged, or otherwise encumbered by a Participant otherwise than by designation of a beneficiary under the provisions of section 8 hereof. 
 10. Provisions Upon Change in Control. 
 10.1 Effect of Change
in Control on Awards. In the event a Change in Control occurs on or after the Effective Date, then, unless otherwise prescribed by the Committee in the terms of an applicable award, the following paragraphs of this subsection 10.1 shall
apply notwithstanding any other provision of the Plan to the contrary. 
 (a) The amount payable under any award that was
granted under the Plan with respect to the CyrusOne Tax Year that immediately precedes the CyrusOne Tax Year in which the Change in Control occurs shall, if such amount has not yet been paid (or if such amount has not been determined) by the date of
the Change in Control, be paid within five business days after the date of such Change in Control (and, if the amount of such award has not yet been determined by the date of the Change in Control, its amount shall be deemed to be equal to the
award’s Target). 
 (b) A pro rata portion of any award granted under the Plan with respect to the CyrusOne Tax Year in
which the Change in Control occurs shall be paid within five business days after the date of the Change in Control, with the pro rata portion of such award 

  
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being deemed to be equal to such award’s Target multiplied by a fraction, the numerator of which shall equal the number of full and partial months (including the month in which the Change in
Control occurs) since the first day of the CyrusOne Tax Year in which the Change in Control occurs and the denominator of which shall equal the number of months in such CyrusOne Tax Year. 

10.2 Definition of Change in Control. For purposes of the Plan, a “Change in Control” shall, with respect to any
award granted under the Plan, have the meaning set forth in the terms of the award (provided, however, that, except in the case of a transaction similar to the transaction described in paragraph (d) of this subsection 10.2, any such specified
Change in Control shall not occur until the consummation or effectiveness of the event or transaction that is identified in the award as a Change in Control, rather than upon the announcement, commencement, shareholder approval, or other potential
occurrence of the event or transaction that, if completed, would result in the Change in Control); except that, if there is no definition of a Change in Control set forth in the terms of the award, then “Change in Control” shall mean the
occurrence of any one of the events described in the following paragraphs of this subsection 10.2. 
 (a) A
majority of the Board as of any date not being composed of Incumbent Directors. For purposes of this subsection 10.2, as of any date, the term “Incumbent Director” means any individual who is a director of CyrusOne as of such date and
either: (i) who was a director of CyrusOne at the beginning of the 24-consecutive-month period ending on such date; or (ii) who became a CyrusOne director subsequent to the beginning of such 24-consecutive-month period and whose
appointment, election, or nomination for election was approved by a vote of at least two-thirds of the CyrusOne directors who were, as of the date of such vote, Incumbent Directors (either by a specific vote or by approval of the proxy statement of
CyrusOne in which such person is named as a nominee for director). It is provided, however, that no individual initially appointed, elected, or nominated as a director of CyrusOne as a result of an actual or threatened election contest with respect
to directors or as a result of any other actual or threatened solicitation of proxies or consents by or on behalf of any person other than the Board or Cincinnati Bell Inc. or any of its affiliates shall ever be deemed to be an Incumbent Director.

 (b) Any “person,” as such term is defined in Section 3(a)(9) of the Exchange Act and as used in
Sections 13(d)(3) and 14(d)(2) of the Exchange Act, being or becoming “beneficial owner” (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of CyrusOne representing 20% or more of the
combined voting power of CyrusOne’s then outstanding securities eligible to vote for the election of the Board (for purposes of this subsection 10.2, the “CyrusOne Voting Securities”). It is provided, however, that the event described
in this paragraph (b) shall not be deemed to be a Change in Control if such event results from any of the following: (i) the acquisition of any CyrusOne Voting Securities by the Company, (ii) the acquisition of any CyrusOne Voting
Securities by any employee benefit plan (or related trust) sponsored or maintained by the Company, (iii) the acquisition of any CyrusOne Voting Securities by any underwriter temporarily holding securities pursuant to an offering of such
securities, (iv) a Non-Qualifying Transaction (as defined in paragraph (c) of this subsection 10.2), (v) the acquisition of any CyrusOne Voting Securities by any entity owned, directly or indirectly, by the shareholders of CyrusOne in
substantially the same proportions as their ownership of the CyrusOne Voting Securities or (vi) the acquisition of any CyrusOne Voting Securities by Cincinnati Bell Inc. or any of its affiliates. 

  
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 (c) The consummation of a merger, consolidation, statutory share exchange,
or similar form of corporate transaction involving the Company (for purposes of this paragraph (c), a “Reorganization”) or sale or other disposition of all or substantially all of the assets of the Company to an entity that is not an
affiliate of the Company (for purposes of this paragraph (c), a “Sale”), that in each case requires the approval of CyrusOne’s shareholders under the law of CyrusOne’s jurisdiction of organization, whether for such Reorganization
or Sale (or the issuance of securities of CyrusOne in such Reorganization or Sale), unless immediately following such Reorganization or Sale: 
 (1) more than 60% of the total voting power (in respect of the election of directors, or similar officials in the case of an entity other than a corporation) of (i) the entity resulting from such
Reorganization or the entity which has acquired all or substantially all of the assets of the Company (for purposes of this paragraph (c) and in either case, the “Surviving Entity”), or (ii) if applicable, the ultimate parent
entity that directly or indirectly has beneficial ownership of more than 50% of the total voting power (in respect of the election of directors, or similar officials in the case of an entity other than a corporation) of the Surviving Entity (for
purposes of this paragraph (c), the “Parent Entity”), is represented by CyrusOne Voting Securities that were outstanding immediately prior to such Reorganization or Sale (or, if applicable, is represented by shares into which such CyrusOne
Voting Securities were converted pursuant to such Reorganization or Sale), and such voting power among the holders thereof is in substantially the same proportion as the voting power of such CyrusOne Voting Securities among the holders thereof
immediately prior to the Reorganization or Sale; 
 (2) no person (other than (i) any employee benefit plan
sponsored or maintained by the Surviving Entity or the Parent Entity or the related trust of any such plan or (ii) Cincinnati Bell Inc. or any of its affiliates) is or becomes the beneficial owner, directly or indirectly, of 20% or more of the
total voting power (in respect of the election of directors, or similar officials in the case of an entity other than a corporation) of the outstanding voting securities of the Parent Entity (or, if there is no Parent Entity, the Surviving Entity);
and 
 (3) at least a majority of the members of the board of directors (or similar officials in the case of an
entity other than a corporation) of the Parent Entity (or, if there is no Parent Entity, the Surviving Entity) following the consummation of the Reorganization or Sale were, at the time of the approval by the Board of the execution of the initial
agreement providing for such Reorganization or Sale, Incumbent Directors (any Reorganization or Sale which satisfies all of the criteria specified in subparagraphs (1), (2), and (3) of this paragraph (c) being deemed to be a
“Non-Qualifying Transaction” for purposes of this subsection 10.2). 
 (d) The shareholders of CyrusOne
approving a plan of complete liquidation or dissolution of CyrusOne unless such liquidation or dissolution is a Non-Qualifying Transaction. 

  
 12 

 Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely
because any person acquires beneficial ownership of more than 20% of the CyrusOne Voting Securities as a result of the acquisition of CyrusOne Voting Securities by CyrusOne which reduces the number of CyrusOne Voting Securities outstanding; provided
that, if after such acquisition by CyrusOne such person becomes the beneficial owner of additional CyrusOne Voting Securities that increases the percentage of outstanding CyrusOne Voting Securities beneficially owned by such person, a Change in
Control shall then occur. 
 11. Adjustments. The Committee shall be authorized to correct any defect, supply any omission, or
reconcile any inconsistency in the Plan or any award granted under the Plan in the manner and to the extent it shall determine is needed to reflect the intended provisions of the Plan or that award or to meet any law that is applicable to the Plan
(or the provisions of any law which must be met in order for the normal tax consequences of the award to apply). 
 12. Withholding.
The Company shall retain from the payment of any award granted under the Plan a sufficient amount of cash applicable to the award to satisfy all withholding tax obligations that apply to the payment. 

13. Amendment or Termination of Plan. 
 13.1 Right of Board To Amend or Terminate Plan. Subject to the provisions of subsection 1.3(b) hereof but notwithstanding any other provision hereof to the contrary, the Board may amend or
terminate the Plan or any portion or provision thereof at any time, provided that no such action shall materially impair the rights of a Participant with respect to a previously granted Plan award without the Participant’s consent.
Notwithstanding the foregoing, the Board may not in any event, without the approval of CyrusOne’s shareholders, adopt an amendment to the Plan which shall make any change in the Plan that is required by applicable law to be approved by
CyrusOne’s shareholders in order to be effective. 
 13.2 Rules When Shareholder Approval for Amendment Is
Required. If approval of CyrusOne’s shareholders is required to a Plan amendment pursuant to the provisions of subsection 13.1 hereof, then such approval must comply with all applicable provisions of CyrusOne’s corporate charter,
bylaws and regulations and any applicable state law. If the applicable state law fails to prescribe a method and degree in such cases, then such approval must be made by a method and degree that would be treated as adequate under applicable state
law in the case of an action requiring shareholder approval of an amendment to the Plan. 
 13.3 Right of Committee to
Amend Awards. The Committee may waive any conditions or rights under, amend any terms of, or alter, suspend, discontinue, cancel or terminate any award granted under the Plan, prospectively or retroactively; provided that, except as set
forth in the Plan, unless otherwise provided by the Committee in the terms of such award, no such action shall materially impair the rights of any Participant with respect to a previously granted Plan award without the Participant’s consent.

 14. Miscellaneous. 
 14.1 Deferrals of Award Payments. The Committee may, in its discretion and if performed in accordance with the terms and conditions of an award granted under the Plan or of any plan
maintained by CyrusOne, permit Participants to elect to defer the payment otherwise required under all or part of any award granted under the Plan. Such deferral shall not be permitted by the Committee unless such deferral terms and conditions meet
all of the conditions of Section 409A of the Code. 

  
 13 

 14.2 No Right To Employment. Nothing contained in the Plan or any award
granted under the Plan shall confer on any Participant any right to be continued in the employment of the Company or interfere in any way with the right of the Company to terminate the Participant’s employment at any time and in the same manner
as though the Plan and any awards granted under the Plan were not in effect. 
 14.3 No Advance Funding of Plan
Benefits. All payments required to be made under awards granted under the Plan shall be made by the Company out of its general assets. In this regard, the Plan shall not be funded and the Company shall not be required to segregate any assets
to reflect any awards granted under the Plan. Any liability of the Company to any person with respect to any award granted under the Plan shall be based solely upon the contractual obligations that apply to such award, and no such liability shall be
deemed to be secured by any pledge of or other lien or encumbrance on any property of the Company. 
 14.4 Plan Benefits
Generally Not Part of Compensation for Other Company Benefit Plans. Any payments or other benefits provided to a Participant with respect to an award granted under the Plan shall not be deemed a part of the Participant’s compensation
for purposes of any termination or severance pay plan, or any other pension, profit sharing, or other benefit plan, of the Company unless such plan expressly or clearly indicates that the payments or other benefits provided under an award granted
under the Plan shall be considered part of the Participant’s compensation for purposes of such plan or unless applicable law otherwise requires. 
 14.5 Recoupment of Awards. Any written agreement containing the terms and conditions of awards made under the Plan may (i) provide for recoupment by the Company of all or any portion of
an award if the Company’s financial statements are required to be restated due to noncompliance with any financial reporting requirement under the Federal securities laws or (ii) include restrictive covenants, including non-competition,
non-disparagement and confidentiality conditions or restrictions, that the Participant must comply with during employment or service by the Company or for a specified period thereafter as a condition to the Participant’s receipt or retention of
all or any portion of an award. This subsection 14.5 shall not be the Company’s exclusive remedy with respect to such matters. 
 14.6 Section 409A. 
 (a) It
is intended that the provisions of the Plan comply with Section 409A of the Code, and all provisions of the Plan shall be construed and interpreted in a manner consistent with the requirements for avoiding taxes or penalties under
Section 409A of the Code. 
 (b) No Participant or the creditors or beneficiaries of a Participant shall
have the right to subject any deferred compensation (within the meaning of Section 409A of the Code) payable under the Plan to any anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment. Except as
permitted under Section 409A of the Code, any deferred compensation (within the meaning of Section 409A of the Code) payable to any Participant or for the benefit of any Participant under the Plan may not be reduced by, or offset against,
any amount owing by any such Participant to the Company or any of its affiliates. 

  
 14 

 (c) If, at the time of a Participant’s separation from service (within
the meaning of Section 409A of the Code), (A) such Participant shall be a specified employee (within the meaning of Section 409A of the Code and using the identification methodology selected by the Company from time to time) and
(B) the Company shall make a good faith determination that an amount payable pursuant to an Award constitutes deferred compensation (within the meaning of Section 409A of the Code) the payment of which is required to be delayed pursuant to
the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under Section 409A of the Code, then the Company shall not pay such amount on the otherwise scheduled payment date but shall instead pay it
on the first business day after such six-month period. Such amount shall be paid without interest, unless otherwise determined by the Committee, in its discretion, or as otherwise provided in any applicable employment agreement between the Company
and the relevant Participant. 
 (d) Notwithstanding any provision of the Plan to the contrary, in light of the
uncertainty with respect to the proper application of Section 409A of the Code, the Company reserves the right to make amendments to any award as the Company deems necessary or desirable to avoid the imposition of taxes or penalties under
Section 409A of the Code. In any case, a Participant shall be solely responsible and liable for the satisfaction of all taxes and penalties that may be imposed on such Participant or for such Participant’s account in connection with an
award (including any taxes and penalties under Section 409A of the Code), and neither the Company nor any of its affiliates shall have any obligation to indemnify or otherwise hold such Participant harmless from any or all of such taxes or
penalties. 
 14.7 Applicable Law. Except to the extent preempted by any applicable Federal law, the Plan shall be
subject to and construed in accordance with the laws of the State of Maryland. 
 14.8 Severability. If any
provision of the Plan or any award is or becomes or is deemed to be invalid, illegal or unenforceable in any jurisdiction or as to any person or award, or would disqualify the Plan or any award under any law deemed applicable by the Committee, such
provision shall be construed or deemed amended to conform to the applicable laws, or if it cannot be construed or deemed amended without, in the determination of the Committee, materially altering the intent of the Plan or the award, such provision
shall be construed or deemed stricken as to such jurisdiction, person or award and the remainder of the Plan and any such award shall remain in full force and effect. 
 14.9 Counterparts and Headings. The Plan may be executed in any number of counterparts, each of which shall be deemed an original. The counterparts shall constitute one and the same
instrument, which shall be sufficiently evidenced by any one thereof. Headings used throughout the Plan are for convenience only and shall not be given legal significance. 

  
 15Employment Agreement dated November 15, 2012

 Exhibit 10.1 
 Execution Copy 
 EMPLOYMENT AGREEMENT 

THIS AGREEMENT is dated as of November 15, 2012 and shall become effective as of the 1st day of December, 2012 (the “Effective Date”), by
and among Southwest Bancorp, Inc., a bank holding company organized under the laws of the State of Oklahoma (the “Company”), the Stillwater National Bank and Trust Company, a national bank organized under the laws of the United
States, and the Bank of Kansas, a state bank chartered under the laws of the State of Kansas (each, a “Bank” and, collectively, the “Banks” and collectively with the Company, the “Employer”), and
Joe T. Shockley, Jr. (the “Executive”). 
 BACKGROUND: 

The Company and the Banks each desire to employ the Executive as its Executive Vice President and Chief Financial Officer on the terms
and conditions set forth below and Executive desires to accept such employment subject to such terms and conditions. 

AGREEMENT: 
 In consideration of the above premises and the mutual agreements hereinafter set forth, effective as of the Effective Date, the parties hereby agree as follows: 

1. Duties. 

1.1 Positions. The Executive shall be employed as the Executive Vice President and Chief Financial Officer of the Company
and the Executive Vice President and Chief Financial Officer of each of the Subsidiary Banks and shall perform and discharge faithfully the duties and responsibilities which may reasonably be assigned to the Executive from time to time in connection
with the conduct of the businesses. The duties and responsibilities of the Executive shall be commensurate with similar positions at other publicly-traded community bank holding companies and community banks. The Executive shall report directly to
the Chief Executive Officer of the Company. 
 1.2 Full-Time Status. In addition to the duties and
responsibilities specifically assigned to the Executive pursuant to Section 1.1 hereof, the Executive shall: 
 (a) subject to Section 1.3, devote substantially all of the Executive’s time, energy and skill during regular business hours to the performance of the duties of the Executive’s
employment (reasonable vacations and reasonable absences due to illness excepted) and faithfully and industriously perform such duties; 
 (b) diligently follow and implement all reasonable and lawful management policies and decisions communicated to the Executive by the Board of Directors; and 

(c) timely prepare and forward to the Board of Directors all reports and accountings as may be requested of the Executive.

 1.3 Permitted Activities. The Executive shall devote substantially all of the
Executive’s entire business time, attention and energies to the Business of the Employer and shall not during the Term be engaged (whether or not during normal business hours) in any other significant business or professional activity, whether
or not such activity is pursued for gain, profit or other pecuniary advantage, but as long as the following activities do not unreasonably interfere with the Executive’s obligations to the Employer, this shall not be construed as preventing the
Executive from: 
 (a) investing the Executive’s personal assets in any manner which will not require any
material services on the part of the Executive in the operation or affairs of the entity and in which the Executive’s participation is primarily that of an investor; provided that such investment activity following the Effective Date shall not
result in the Executive owning beneficially at any time one percent (1%) or more of the equity securities of any Competing Business; or 
 (b) participating in civic and professional affairs and organizations and conferences, preparing or publishing papers or books, or teaching or serving on the board of directors of an entity so long as any
such participation does not unreasonably interfere with the ability of the Executive to effectively discharge the Executive’s duties hereunder; provided further, that the Board of Directors may direct the Executive in writing to resign from any
such organization and/or cease such activities should the Board of Directors reasonably conclude that continued membership and/or activities of the type identified would not be in the best interests of the Employer. 

2. Term. 
 (a) Subject to earlier termination in accordance with Subsection (b) below, this Agreement shall remain in effect for the Term. If the Agreement is in effect at the end of the Initial Term,
the Term shall be renewed automatically for successive twelve-month periods unless and until one party gives written notice to the other of its or the Executive’s intent not to extend this Agreement with such written notice to be given not less
than ninety (90) days prior to the end of the Initial Term or any such twelve-month period. In the event such notice of non-extension is properly given, this Agreement shall terminate at the end of the remaining Term then in effect even if the
Executive continues to provide services to the Employer as an employee following the expiration of the Term and the resulting termination of the Agreement. 
 (b) Notwithstanding the provisions of Subsection (a), the Executive shall be employed on an at-will basis in that, at any time during the Term, the Employer and the Executive may each effect an
earlier termination of the Term and a resulting termination of the Executive’s employment pursuant to Section 4.1 hereof. 

  
 2 

 3. Compensation. The Employer shall pay the Executive the following during the Term, except as
otherwise provided below: 
 3.1 Annual Base Salary. The Executive shall be compensated at an annual base rate of
Three Hundred Thousand and No/100 Dollars ($300,000.00) (the “Annual Base Salary”). The Executive’s Annual Base Salary shall be payable in accordance with the Employer’s normal payroll practices. 

3.2 Signing Bonus. The Employer shall pay the Executive a one-time signing bonus comprised of the following components:

 (a) a payment in cash equal to Sixty Thousand and No/100 Dollars ($60,000.00), payable within thirty
(30) days following the Effective Date; and 
 (b) a restricted stock award representing the opportunity to
earn a number of shares of Company common stock having a value equal to One Hundred and Fifty Thousand and No/100 Dollars ($150,000.00) based on the per share closing price of Company common stock as of today’s date as reported by the NASDAQ
Stock Market. In determining the number of shares of Company common stock subject to the restricted stock award by applying the foregoing formula, the number of shares will be rounded to the nearest one hundred share increment. The restricted stock
award will be granted within forty-five (45) days of the Effective Date and will vest on the third anniversary of the grant date, provided the Executive remains in the continuous employ of the Employer through such date, and will be subject to
such other general terms and conditions in the form of award employed by the Employer for grants of this type. The restricted shares will be held in escrow by the Employer until vested and will be delivered to the Executive as soon as practicable
thereafter. 
 3.3 Annual Incentive Compensation. 

(a) The Executive shall be eligible to receive annual bonus compensation, if any, as may be determined by, and based on
performance measures established by, the Board of Directors upon the recommendation of the Compensation Committee of the Board of Directors (the “Committee”) consistent with the Employer’s strategic planning process and in
consultation with the Executive, pursuant to any incentive compensation program as may be adopted from time to time by the Board of Directors, based on recommendations by the Committee (an “Annual Bonus”). Notwithstanding the
foregoing, no bonus or other incentives will be paid for any service in 2012. 
 (b) Any
Annual Bonus earned shall be payable in cash and/or shares of Company common stock, as determined by the Board of Directors, in the year following the year in which the bonus is earned in accordance with the Employer’s normal practices for the
payment of short-term incentives, but not later than March 15th. 

  
 3 

 (c) Notwithstanding any provision of Subsections (a) and
(b) above to the contrary, a minimum Annual Bonus for calendar year 2013 shall be payable in the amount of Seventy Five Thousand and No/100 Dollars ($75,000.00), payable in cash or in stock, at least $50,000.00 of which shall be paid in
cash, but otherwise as determined by the Compensation Committee. 
 (d) The payment of any Annual Bonus shall be
subject to any approvals or non-objections required by any regulator of the Employer, and any other restrictions under applicable law. 
 3.4 Business and Professional Education Expenses; Memberships. Subject to the reimbursement policies from time to time adopted by the Board of Directors and consistent with the annual budget
approved for the period during which an expense was incurred, the Employer specifically agrees to reimburse the Executive for reasonable and necessary business expenses incurred by the Executive in the performance of the Executive’s duties
hereunder; provided, however, that as a condition of any such reimbursement, the Executive shall submit verification of the nature and amount of such expenses in accordance with such reimbursement policies and in sufficient detail to comply with
rules and regulations promulgated by the United States Treasury Department. Examples of appropriate categories of expenses include membership in professional and civic organizations, professional development, and customer entertainment. The
Executive acknowledges that the Employer makes no representation with respect to the taxability or nontaxability of the benefits provided under this Section 3.4. 
 3.5 Paid Vacation. The Executive shall be entitled to no less than four (4) weeks paid vacation per calendar year, prorated for any partial calendar year of service. The provisions of
this Section 3.5 shall apply notwithstanding any less generous paid leave policy then maintained by the Employer, but the use of Executive’s paid vacation leave shall otherwise be determined in accordance with the Employer’s
paid leave policy as in effect from time to time. 
 3.6 Automobile Allowance. The Executive shall be entitled to
an automobile allowance in the amount of One Thousand Dollars ($1,000) per month. 
 3.7 Benefits. In addition to
the benefits specifically described in this Agreement, the Executive shall be entitled to such benefits as may be available from time to time to similarly situated executives. All such benefits shall be awarded and administered in accordance with
the written terms of any applicable benefit plan or, if no written terms exist, the Employer’s standard policies and practices relating to such benefit. 
 3.8 Withholding. The Employer may deduct from each payment of compensation hereunder all amounts required to be deducted and withheld in accordance with applicable federal and state income,
FICA and other withholding requirements. 

  
 4 

 3.9 Reimbursement of Expenses; In-Kind Benefits. All
expenses eligible for reimbursements described in this Agreement must be incurred by the Executive during the Term of this Agreement to be eligible for reimbursement. Any in-kind benefits provided by the Employer must be provided during the Term of
this Agreement. The amount of reimbursable expenses incurred, and the amount of any in-kind benefits provided, in one taxable year shall not affect the expenses eligible for reimbursement, or in-kind benefits provided, in any other taxable year.
Each category of reimbursement shall be paid as soon as administratively practicable, but in no event shall any such reimbursement be paid after March 15th of the calendar year following the calendar year in which the expense was incurred. Neither rights to reimbursement
nor in-kind benefits are subject to liquidation or exchanges for other benefits. 
 3.10 Clawback of Compensation.
The Executive agrees to repay any compensation previously paid or otherwise made available to the Executive under this Agreement that is subject to recovery under any applicable law (including any rule of any exchange or service through which the
securities of the Company are then traded), including, but not limited to, the following circumstances: 
 (a)
where such compensation was in excess of what should have been paid or made available because the determination of the amount due was based, in whole or in part, on materially inaccurate financial information of the Employer where the Employer has
been required to prepare an accounting restatement due to material noncompliance of the Employer, as a result of misconduct, with any financial reporting requirement under the federal securities laws; 

(b) where the Executive has committed, is substantially responsible for, or has violated, the respective acts, omissions,
conditions, or offenses outlined under 12 C.F.R. Section 359.4(a)(4); and 
 (c) if a Subsidiary Bank
becomes, and for so long as a Subsidiary Bank remains, subject to the provisions of 12 U.S.C. Section 1831o(f), where such compensation exceeds the restrictions imposed on the senior executive officers of such an institution. 

The Executive agrees to return promptly any such compensation properly identified by the Employer by written notice provided pursuant to
Section 13. If the Executive fails to return such compensation promptly, the Executive agrees that the amount of such compensation may be deducted from any and all other compensation owed to the Executive by the Employer. If the
Executive is then employed by the Employer, the Executive acknowledges that the Employer may take appropriate disciplinary action (up to, and including, Termination of Employment) if the Executive fails to return such compensation. The Executive
acknowledges the Employer’s rights to engage in any legal or equitable action or proceeding in order to enforce the provisions of this Section 3.10. The provisions of this Section 3.10 shall be modified to the extent,
and remain in effect for the period, required by applicable law. 

  
 5 

 3.11 Apportionment of Obligations. The obligations for the payment of the
amounts otherwise payable pursuant to this Section 3 shall be apportioned between the Company and the Banks as they may agree from time to time in their sole discretion. 

3.12 Stock Ownership. All shares of Company common stock issued to the Executive pursuant to the terms of this Agreement
shall be further subject to restrictions on transferability unless and until the Executive holds fully earned and vested shares of Company common stock having a fair market value that equals or exceeds one (1) times his then Annual Base Salary.
Once the Executive attains the threshold ownership level, any shares of Company common stock exceeding the threshold ownership level shall not be subject to the transferability restrictions. However, if once attained, the shares of Company common
stock owned by the Executive fall below the threshold ownership level (whether due to a decline in the value of the shares or otherwise), the Executive shall be obligated to attain once again the threshold ownership level, which obligation remains
in effect throughout the Term. Any shares of Company common stock subject to awards granted after the date of any failure to maintain the threshold ownership level shall be subject to the restrictions on transferability contemplated by this
Section 3.12 until the threshold ownership level is once again attained. This transferability restriction, however, shall not preclude the Executive from tendering back to the Company or selling to third parties a number of shares of
Company common stock having a fair market value equal to the minimum required tax withholding obligations resulting from earning and becoming vested in shares subject to equity awards granted pursuant to this Agreement. For purposes of this
Section 3.12, the threshold ownership level shall be measured as of each December 31 during the Term and the determination of the value of Company common stock for this purpose shall be based on the per share closing price of
Company common stock averaged over the thirty-day period immediately preceding such December 31, as such closing prices are reported by the NASDAQ Stock Market. If the target ownership level is satisfied as of any such December 31, it
shall be deemed satisfied until the immediately succeeding December 31. For clarity, nothing in this Section 3.12 shall require the Executive to purchase additional shares of Company common stock in order to obtain the threshold
ownership level; in the event that the Executive falls below the threshold ownership level the Executive will be restriced from transferring any shares of Company common stock for so long as the threshold ownership level is not attained. 

3.13 Compensation Review. Executive acknowledges and agrees that all aspects of compensation under this Agreement is
subject to ongoing review by the Employer’s primary regulators. Accordingly, Executive agrees that, in consultation with the Chief Executive Officer, the Chief Executive Officer will have the discretion to amend this Agreement to ensure the
safety and soundness of the Employer. 

  
 6 

 4. Termination; Suspension or Reduction of Benefits. 

4.1 Termination of Employment. During the Term, the Termination of Employment of the Executive and this Agreement may be
effected immediately in the event of (a) a termination of the Executive by the Employer for Cause; (b) a termination of the Executive by the Employer without Cause; (c) a resignation by the Executive for Constructive Termination
within twelve (12) months following a Change of Control; (d) a resignation by the Executive; or (e) the Executive’s death or Disability. Notwithstanding anything to the contrary in the preceding sentence, the Executive must give
at least sixty (60) days advance written notice prior to the Executive’s effective date of resignation pursuant to Section 4.1(d). 
 4.2 Change in Control Severance. If, during the Term, the Executive experiences a Termination of Employment by (i) the Employer without Cause pursuant to Section 4.1(b)
within twelve (12) months following a Change of Control, or (ii) a Constructive Termination within twelve (12) months following a Change of Control pursuant to Section 4.1(c), then, upon such Termination of Employment, the
Employer will pay severance to the Executive in an amount equal to two (2) times the Executive’s Annual Base Salary as in effect on the date of Termination of Employment, which amount shall be paid in substantially equal installments not
less frequently than monthly over twelve (12) months. Monthly severance payments shall be paid in accordance with the Employer’s regular payroll practices, commencing with the first payroll date that is more than sixty (60) days
following the date of the Executive’s Termination of Employment. 
 4.3 Golden Parachute Limitations.
Notwithstanding any provision of this Agreement to the contrary, if any amount or benefit to be paid or provided under this Agreement or otherwise payable to the Executive by the Employer would be an “Excess Parachute Payment,” within the
meaning of Section 280G of the Code, but for the application of this sentence, then the payments and benefits to be paid or provided under this Agreement will be reduced to the minimum extent necessary (but in no event to less than zero) so
that no portion of any such payment or benefit, as so reduced, constitutes an Excess Parachute Payment; provided, however, that the foregoing reduction will be made only if and to the extent that such reduction would result in an increase in the
aggregate payment and benefits to be provided, determined on an after-tax basis (taking into account the excise tax imposed pursuant to Section 4999 of the Code, any tax imposed by any comparable provision of state law, and any applicable
federal, state and local income and employment taxes). Whether requested by the Executive or the Employer, the determination of whether any reduction in such payments or benefits to be provided under this Agreement or otherwise is required pursuant
to the preceding sentence will be made at the expense of the Employer by the Employer’s independent accountants. In the event the payments to the Executive are required to be reduced pursuant to this Section 4.3, the portions of the
payments that would be paid latest in time will be reduced first and if multiple portions of the payments to be reduced are paid at the same time, any non-cash payments will be reduced before any cash payments, and any remaining cash payments will
be reduced pro rata. 

  
 7 

 4.4 Effect of Termination of Employment. 

(a) Upon Executive’s Termination of Employment hereunder for any reason, the Employer shall have no further
obligations to the Executive or the Executive’s estate with respect to this Agreement, except for the payment of any compensation, benefits or other amounts earned and owing under Section 3 through the effective date of the
termination of the Agreement and, if applicable, any payments set forth in Section 4.2. 
 (b)
Notwithstanding any other provision of this Agreement to the contrary, as a condition of the Employer’s provision of severance benefits in connection with the Executive’s Termination of Employment pursuant to Section 4.2, the
Executive must execute within such period of time following Termination of Employment as is permitted by the Employer (and not timely revoke during any revocation period provided pursuant to such release) a release and non-disparagement agreement in
substantially the form attached hereto as Exhibit “A.” Any payments of severance shall accrue from the date of the Executive’s Termination of Employment, with any accrued but unpaid severance being paid on the date of the first
payment as provided in Section 4.2. 
 (c) If the Executive is a member of the Board of Directors and
the Executive’s employment is terminated by the Employer or by the Executive pursuant to Section 4.1, the Executive shall immediately resign from the Executive’s position on the Board(s) of Directors, effective no later than
the date the Executive’s employment is terminated. 
 (d) Notwithstanding any provision in the Agreement to
the contrary, to the extent necessary to avoid the imposition of tax on the Executive under Code Section 409A, any payments that are otherwise payable to the Executive within the first six (6) months following the effective date of
Termination of Employment, shall be suspended and paid as soon as practicable following the end of the six-month period following such effective date if, immediately prior to the Executive’s Termination of Employment, the Executive is
determined to be a “specified employee” (within the meaning of Code Section 409A(a)(2)(B)(i)) of the Employer (or any related “service recipient” within the meaning of Code Section 409A and the regulations thereunder).
Any payments suspended by operation of the foregoing sentence shall be paid as a lump sum within thirty (30) days following the end of such six-month period. Payments (or portions thereof) that would be paid latest in time during the six-month
period will be suspended first. 
 (e) Notwithstanding any provision in this Agreement to the contrary, if the
Employer elects not to renew the Term of this Agreement at the end of the Initial Term or any twelve-month anniversary thereof pursuant to Section 2(a), any service condition contained in any equity awards outstanding in favor of the
Executive shall be deemed to have been satisfied immediately prior to the effective date of the Termination of Employment and shares of Company common stock subject to any performance stock awards awarded pursuant to Subsections (a) and
(b) of Section 3.4 shall be earned if and 

  
 8 

 
to the extent applicable performance measures are attained and the applicable conditions in Subsection (c) of Section 3.4 remain satisfied as of the fiscal year ending
with or within the twelve-month period immediately following the effective date of the Termination of Employment. 
 4.5
Regulatory Limitations. 
 (a) FDIC Golden Parachute Limitations. Notwithstanding anything
contained in this Agreement to the contrary, no payments shall be made pursuant to Section 4 or any other provision herein or otherwise in contravention of the requirements of Section 18(k) of the Federal Deposit Insurance Act (the
“FDIA”) (12 U.S.C. 1828(k)) and Part 359 of the FDIC Rules and Regulations, 12 C.F.R. 359 (collectively, the “FDIC Golden Parachute Restrictions”). In the event any such payments become due and payable under this
Agreement at a time when such payments would constitute “golden parachute payments,” other than “golden parachute payments” for which the concurrence or consent of the appropriate federal banking agency has been received as
contemplated by the FDIC Golden Parachute Restrictions, the obligation on the part of the Employer to make any such payments shall become null and void. In addition, nothing in the preceding sentence shall impose an obligation on the part of the
Employer to petition the FDIC (and/or other regulatory agency having jurisdiction over the Employer) for its concurrence or consent. 
 (b) Other Bank Regulatory Limitations. If the Executive is removed from office and/or permanently prohibited from participating in the conduct of the affairs of any depository institution by an
order issued under Section 8(e) or 8(g) of the FDIA (12 U.S.C. 1818(e) and (g)), the Employer shall have the right to terminate all obligations of the Employer under this Agreement as of the effective date of such order, except for the payment
of Annual Base Salary due and owing under Section 3.1 on the effective date of said order, and reimbursement under Section 3.5 of expenses incurred as of the effective date of termination. If the Executive is suspended from
office and/or temporarily prohibited from participating in the conduct of a Subsidiary Bank’s affairs by a notice served under Section 8(e) or 8(g) of the FDIA (12 U.S.C. 1818(e) and (g)), the Employer shall have the right to suspend all
obligations of the Employer under this Agreement as of the date of service, unless stayed by appropriate proceedings. If the charges in the notice are dismissed, the Employer shall reinstate prospectively (in whole or in part) any of its obligations
which were suspended. If the FDIC is appointed receiver or conservator under Section 11(c) of the FDIA (12 U.S.C. 1821(c)) of the Company or any depositary institution controlled by the Company, the Employer shall have the right to terminate
all obligations of the Employer under this Agreement as of the date of such receivership or conservatorship, other than any rights of the Executive that vested prior to such appointment. If the Employer is in default (as defined in
Section 3(x)(1) of the FDIA), all obligations under this Agreement shall terminate as of the date of default, but the vested rights of the parties shall not be affected. If the FDIC provides open bank assistance under Section 13(c) of the
FDIA (12 U.S.C. 1823(c)) to the Company or any 

  
 9 

 
depositary institution controlled by the Company, but excluding any such assistance provided to the industry generally, the Employer shall have the right to terminate all obligations of the
Employer under this Agreement as of the date of such assistance, other than any rights of the Employee that vested prior to the FDIC action. If the FDIC requires a transaction under Section 13(f) or 13(k) of the FDIA (12 U.S.C. 1823(f) and (k))
by the Company or any depository institution controlled by the Company, the Employer shall have the right to terminate all obligations of the Employer under this Agreement as of the date of such transaction, other than any rights of the Employee
that vested prior to the transaction. Notwithstanding the foregoing provisions of this Section 4.5 (b), any vested rights of the Executive may be subject to such modifications that are consistent with the authority of the FDIC.

 (c) Regulatory Approval. Notwithstanding the timing for the payment of monthly severance amounts
described in Section 4.2, no such payments shall be made or commence, as applicable, that require the concurrence or consent of the appropriate federal banking agency of the Employer pursuant to 12 C.F.R. Section 359 prior to the
receipt of such concurrence or consent. Any payments suspended by operation of this Section 4.5(c) shall be paid as a lump sum within thirty (30) days following receipt of the concurrence or consent of the appropriate federal
banking agency of the Employer or as otherwise directed by such federal banking agency. 
 (d) State Banking
Limitations. All obligations under this Agreement are further subject to such conditions, restrictions, limitations and forfeiture provisions as may separately apply pursuant to any applicable state banking laws. 

5. Employer Information. 
 5.1 Ownership of Employer Information. All Employer Information received or developed by the Executive or by the Employer while the Executive is employed by the Employer will remain the sole
and exclusive property of the Employer. 
 5.2 Obligations of the Executive. The Executive agrees: 

(a) to hold Employer Information in strictest confidence; 

(b) not to use, duplicate, reproduce, distribute, disclose or otherwise disseminate Employer Information or any physical
embodiments of Employer Information to any unauthorized recipient; and 
 (c) in any event, not to take any
action causing or fail to take any action necessary in order to prevent any Employer Information from losing its character or ceasing to qualify as Confidential Information or a Trade Secret; 

  
 10 

 provided, however, that none of the foregoing obligations shall preclude the Executive from making any
disclosures of Employer Information required by law. This Section 5 shall survive for a period of two (2) years following termination of this Agreement for any reason with respect to Confidential Information, and shall survive
termination of this Agreement for any reason for so long as is permitted by applicable law, with respect to Trade Secrets. 

5.3 Delivery upon Request or Termination. Upon request by the Employer, and in any event upon the Executive’s
Termination of Employment with the Employer, the Executive will promptly deliver to the Employer all property belonging to the Employer, including, without limitation, all Employer Information then in the Executive’s possession or control.

 6. No Appropriation. The Executive agrees that during the Executive’s employment by the Employer hereunder, and for
the duration of the Post-Termination Period, the Executive will not (except on behalf of or with the prior written consent of the Employer) appropriate for his own benefit or the benefit of a third party any banking opportunity properly belonging to
the Employer the usurpation of which constitutes a breach of the Executive’s fiduciary duty as an officer of the Employer under applicable law. 
 7. Non-Solicitation of Customers. The Executive agrees that during the Executive’s employment by the Employer hereunder, and in the event of the Termination of Employment,
regardless of the reason, for the duration of the Post-Termination Period, the Executive will not (except on behalf of or with the prior written consent of the Employer) on the Executive’s own behalf or in the service or on behalf of others,
solicit, divert or appropriate or attempt to solicit, divert or appropriate, any business from any of the Employer’s customers, including prospective customers actively sought by the Employer, with whom the Executive has or had material contact
during the last two (2) years of the Executive’s employment with Employer, for purposes of providing products or services that are competitive with those provided by the Employer. 
 8. Non-Solicitation of Employees. The Executive agrees that during the Executive’s employment by the Employer hereunder, and in the event of the Termination of Employment,
regardless of the reason, for the duration of the Post-Termination Period, the Executive will not (except on behalf of or with the prior written consent of the Employer) on the Executive’s own behalf or in the service or on behalf of others,
solicit, or recruit or attempt to solicit, or recruit, any employee of the Employer with whom the Executive had material contact during the last two (2) years of the Executive’s employment, whether or not such employee is a full-time
employee or a temporary employee of the Employer, such employment is pursuant to written agreement, for a determined period, or at will. 

9. Non-disparagement. The Executive agrees that during the Executive’s employment by the Employer hereunder, and for a period
of one (1) year thereafter, the Executive will not make any untruthful statement (written or oral) that could reasonably be perceived as disparaging to the Employer or any Affiliate. Employer agrees that during the Executive’s employment
by the Employer hereunder, and for a period of one (1) year thereafter, the members of their respective 

  
 11 

 
Boards of Directors and all executive officers of the Company and the Subsidiary Banks (collectively, the “Persons to be Advised”) will not make any untruthful statement (written or
oral) that could reasonably be perceived as disparaging to the Executive. Employer will advise the Persons to be Advised that a non-disparagement agreement is in effect, and will use reasonable efforts to enforce compliance with this
non-disparagement agreement. Notwithstanding the foregoing agreement, the parties hereto recognize and acknowledge that the Employer will not be liable for unauthorized remarks by individuals employed by or otherwise associated with the Employer,
other than the Persons to be Advised and if the Persons to be Advised are required by any applicable law, regulation, statute, subpoena, court order, or other compulsory process to disclose information related to the Executive’s employment,
such disclosure of truthful information shall not constitute a breach of this Agreement. Moreover, this Section 9 shall not apply to any communications: (a) between the Employer and its independent public auditors;
(b) necessary to comply fully with all applicable requirements and policies of federal and state laws; (c) necessary to cooperate fully with any investigation or request for information from any state or federal governmental agency, stock
exchange, or regulatory organization; (d) necessary in the course of preparing and filing appropriate tax returns or dealing with federal or state taxing authorities; or (e) made in connection with any judicial or administrative proceeding
or arbitration with respect to which such communications are relevant. 
 10. Remedies. The Executive agrees that the covenants
contained in Sections 5 through 9 of this Agreement are of the essence of this Agreement; that each of the covenants is reasonable and necessary to protect the business, interests and properties of the Employer, and that irreparable loss and
damage will be suffered by the Employer should the Executive breach any of the covenants. Therefore, the Executive agrees and consents that, in addition to all the remedies provided by law or in equity, the Employer shall be entitled to a temporary
restraining order and temporary and permanent injunctions to prevent a breach or contemplated breach of any of the covenants. If the Employer alleges that the Executive has materially breached any of the Executive’s obligations pursuant to
Sections 5, 6, 7, 8 and/or 9 and the Executive disputes such allegation, the Employer may withhold any future payments owed to the Executive hereunder until the dispute is finally resolved or determined by either mutual agreement of the parties or
by arbitration pursuant to Section 16. The Employer and the Executive agree that all remedies available to the Employer shall be cumulative. 
 11. Severability. The parties agree that each of the provisions included in this Agreement is separate, distinct and severable from the other provisions of this Agreement and that the
invalidity or unenforceability of any Agreement provision shall not affect the validity or enforceability of any other provision of this Agreement. Further, if any provision of this Agreement is ruled invalid or unenforceable by a court of competent
jurisdiction because of a conflict between the provision and any applicable law or public policy, the provision shall be redrawn to make the provision consistent with, and valid and enforceable under, the law or public policy. 

  
 12 

 12. No Set-Off by the Executive. The existence of any claim, demand, action or cause of action
by the Executive against the Employer whether predicated upon this Agreement or otherwise, shall not constitute a defense to the enforcement by the Employer of any of its rights hereunder. 
 13. Notice. All notices, requests, waivers and other communications required or permitted hereunder shall be in writing and shall be either personally delivered, sent by reputable overnight
courier service or mailed by first class mail, return receipt requested, to the recipient at the address below indicated: 
 If
to the Company: 
 Southwest Bancorp, Inc. 
 Attn: Chairman, Board of Directors 
 608 South Main Street 

Stillwater, Oklahoma 74074 
 If to the Stillwater National Bank and Trust Company: 
 Stillwater National Bank
and Trust Company 
 Attn: Chairman, Board of Directors 

608 South Main Street 
 Stillwater, Oklahoma 74074 
 If to the Bank of Kansas: 

Bank of Kansas 

Attn: Chairman, Board of Directors 
 1002 Central Street 
 Harper, Kansas 67058 

If to the Executive: 
 Joe T. Shockley, Jr. 
 4304 Brookfield Drive 

Norman, OK 73072 
 or such
other address or to the attention of such other person as the recipient party shall have specified by prior written notice to the sending party. All such notices, requests, waivers and other communications shall be deemed to have been effectively
given: (a) when personally delivered to the party to be notified; (b) five (5) business days after deposit in the United States Mail postage prepaid by certified or registered mail with return receipt requested at any time

  
 13 

 
other than during a general discontinuance of postal service due to strike, lockout, or otherwise (in which case such notice, request, waiver or other communication shall be effectively given
upon receipt) and addressed to the party to be notified as set forth above; or (c) two (2) business days after deposit with a national overnight delivery service, postage prepaid, addressed to the party to be notified as set forth above
with next-business-day delivery guaranteed. A party may change that party’s notice address given above by giving the other party ten (10) days’ written notice of the new address in the manner set forth above. 

14. Successors; Assignment. The rights and obligations of the Employer under this Agreement shall inure to the benefit of and shall be
binding upon the successors and assigns of the Employer, as applicable, including without limitation, a purchaser of all or substantially all the assets of the Employer. If the Agreement is assigned pursuant to the foregoing sentence, the assignment
shall be by novation and the Employer shall have no further liability hereunder, and the successor or assign, as applicable, shall become the “Employer” hereunder, but the Executive will not be deemed to have experienced a Termination of
Employment by virtue of such assignment. The Agreement is a personal contract and the rights and interest of the Executive may not be assigned by the Executive. This Agreement shall inure to the benefit of and be enforceable by the Executive and the
Executive’s personal or legal representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. 
 15.
Waiver. A waiver by one party to this Agreement of any breach of this Agreement by any other party to this Agreement shall not be effective unless in writing, and no waiver shall operate or be construed as a waiver of the same or another
breach on a subsequent occasion. 
 16. Arbitration. The parties agree that Executive’s employment and this Agreement relate
to interstate commerce, and that any and all disputes, claims or controversies between Executive and the Employer which may arise out of or relate to Executive’s employment relationship or this Agreement shall be settled by arbitration. This
agreement to arbitrate shall survive the termination of this Agreement. Any arbitration shall be before a single arbitrator in accordance with the American Arbitration Association’s National Rules for the Resolution of Employment Disputes
pertaining to individually-negotiated contracts and shall be undertaken pursuant to the Federal Arbitration Act. Arbitration will be held in Oklahoma City, Oklahoma unless the parties mutually agree on another location. Unless parties mutually agree
to self-administer the arbitration or to use a different arbitration service, it will be administered by the Dallas, Texas office of the American Arbitration Association. The decision of the arbitrator will be enforceable in any court of competent
jurisdiction. The parties agree that punitive, liquidated or indirect damages shall not be awarded by the arbitrator unless such damages would have been awarded by a court of competent jurisdiction. The arbitrator shall also have the discretion and
authority to award costs and attorney fees to the prevailing party or, alternatively, may order each party to bear its own costs and attorney fees in connection with the arbitration to the extent permitted by applicable law. Nothing in this
Agreement to arbitrate, however, shall preclude the Employer from obtaining injunctive relief from a court of competent jurisdiction prohibiting any breaches by Executive of Sections 5 through 10 of this Agreement. 

  
 14 

 17. Applicable Law and Choice of Forum. This Agreement shall be construed and enforced under
and in accordance with the laws of the State of Oklahoma without regard to its conflicts of law principles. The parties agree that any appropriate federal or state court located in, or having jurisdiction over, Oklahoma County, Oklahoma shall have
exclusive jurisdiction of any case or controversy arising under or in connection with this Agreement shall be a proper forum in which to adjudicate such case or controversy. The parties consent and waive any objection to the jurisdiction or venue of
such courts. 
 18. Interpretation. Words importing any gender include all genders. Words importing the singular form shall
include the plural and vice versa. The terms “herein,” “hereunder,” “hereby,” “hereto,” “hereof” and any similar terms refer to this Agreement. Any captions, titles or headings preceding the text of
any article, section or subsection herein are solely for convenience of reference and shall not constitute part of this Agreement or affect its meaning, construction or effect. 
 19. Entire Agreement; Counterparts. This Agreement embodies the entire and final agreement of the parties on the subject matter stated in this Agreement. No amendment or modification of this
Agreement shall be valid or binding upon the Employer or the Executive unless made in writing and signed by all parties. All prior understandings and agreements relating to the subject matter of this Agreement are hereby expressly terminated. This
Agreement may be executed in one or more counterparts each of which will be deemed to be an original but all of which together will constitute one and the same instrument. 
 20. Rights of Third Parties. Nothing herein expressed is intended to or shall be construed to confer upon or give to any person, firm or other entity, other than the parties hereto and their
permitted assigns, any rights or remedies under or by reason of this Agreement. 
 21. Survival. The obligations of the parties
pursuant to Sections 3.10, 4 through 10, 16, 17 and 21, as applicable, shall survive the Executive’s Termination of Employment hereunder for the period designated under each of those respective sections. 

22. Representation Regarding Restrictive Covenants. The Executive represents that the Executive is not and will not become a party to any
non-competition or non-solicitation agreement or any other agreement which would prohibit the Executive from entering into this Agreement or providing the services for the Employer contemplated by this Agreement on or after the Effective Date. In
the event the Executive is subject to any such agreement, this Agreement shall be rendered null and void and the Employer shall have no obligations to the Executive under this Agreement. 
 23. Section 409A. It is the intent of the parties that any payment to which the Executive is entitled under this Agreement be exempt from Section 409A of the Code, to the maximum
extent permitted under Section 409A. However, if any such amounts are considered to be “nonqualified 

  
 15 

 
deferred compensation” subject to Section 409A, such amounts shall be paid and provided in a manner, and at such time and form, as complies with the applicable requirements of
Section 409A to avoid the unfavorable tax consequences provided therein for non-compliance. Neither the Executive nor the Employer shall intentionally take any action to accelerate or delay the payment of any amounts in any manner which would
not be in compliance with Section 409A without the consent of the other party. For purposes of this Agreement, all rights to payments shall be treated as rights to receive a series of separate payments to the fullest extent allowed by
Section 409A. To the extent that some portion of the payments under this Agreement may be bifurcated and treated as exempt from Section 409A under the “short-term deferral” or “separation pay” exemptions, then such
amounts may be so treated as exempt from Section 409A. To the extent that the requirements of Section 409A are determined to be applicable to any provision of this Agreement, such provision shall be construed in a manner that complies with
Section 409A and any provision required for compliance with Section 409A that is omitted from this Agreement shall be incorporated herein by reference and shall apply retroactively, if necessary, and be deemed a part of this Agreement to
the same extent as though expressly set forth herein. If any provision of this Agreement would cause Executive to incur any additional tax or interest under Section 409A, the Employer shall, upon Executive’s specific request, use its
reasonable business efforts to in good faith reform such provision to comply with Section 409A; provided, that to the maximum extent practicable, the original intent and economic benefit to Executive and the Employer of the applicable provision
shall be maintained, but the Employer shall have no obligation to make any changes that could create any additional economic cost or loss of benefit to the Employer. The Employer shall not have any liability to Executive with respect to tax
obligations that result under any tax law and makes no representation with respect to the tax treatment of the payments and/or benefits provided under this Agreement. 
 24. Primary Office. The Executive’s primary office or worksite shall be in the Oklahoma City, Oklahoma metropolitan area (notwithstanding that the home office of the Company will remain
Stillwater, Oklahoma), subject to travel necessary for the performance of his duties hereunder. 
 25. No Mitigation. The
Executive shall have no obligation to seek employment or otherwise mitigate his damages under this Agreement and amounts payable to the Executive under this Agreement shall not be reduced whether or not the Executive obtains other employment.

 26. Indemnification and Insurance. The Employer shall, as provided for in the Company’s Articles and Bylaws, defend,
indemnify and hold harmless the Executive and the Executive’s heirs, estate, executors and administrators against any costs, losses, claims, suits, proceedings, damages or liabilities to which they may become subject to arising from, based on,
or relating to the Executive’s employment by the Employer or the Executive’s service as an officer or member of the Board of Directors of the Employer or any Affiliate, including without limitation reimbursement for any legal or other
expenses reasonably incurred by the Executive in connection with investigating and defending against any such costs, losses, claims, suits, proceedings, damages or liabilities. The Employer shall provide to the Executive an opportunity

  
 16 

 
to enter into an indemnification agreement with the same substantive terms offered to other directors and officers. The Employer shall maintain directors and officers liability insurance in
commercially reasonable amounts (as reasonably determined by the Board of Directors), and the Executive shall be covered under such insurance to the same extent as other similarly situated executives of the Employer; provided, however, that the
Employer shall not be required to maintain such insurance coverage if the Board of Directors determines that it is unavailable at reasonable cost, provided that the Executive is given written notice of any such determination promptly after it is
made. 
 27. Definitions. Whenever used in this Agreement, the following terms and their variant forms shall have the meanings set
forth below: 
 (a) “Affiliate” shall mean any entity which controls, is controlled by,
or is under common control with another entity. For this purpose, “control” means ownership of more than fifty percent (50%) of the ordinary voting power of the outstanding equity securities of an entity. 

(b) “Agreement” shall mean this Agreement and any appendices incorporated herein together with any
amendments hereto made in the manner described in this Agreement. 
 (c) “Board of
Directors” shall mean the board of directors of the Company and/or of the Subsidiary Banks, as the context requires and, where appropriate, includes any committee thereof or other designee. 

(d) “Business of the Employer” shall mean the business conducted by the Employer, which is the
business of commercial and consumer banking. 
 (e) “Cause” shall mean: 

(1) a material breach of the terms of this Agreement by the Executive not cured by the Executive within ten
(10) business days after the Executive’s receipt of Employer’s written notice thereof, including, without limitation, failure by the Executive to perform in all material respects the Executive’s duties and responsibilities in the
manner and to the extent required under this Agreement; 
 (2) any act by the Executive of fraud against,
material misappropriation from, or material dishonesty to the Employer; 
 (3) conviction of the Executive of a
crime involving breach of trust or moral turpitude or any felony; 

  
 17 

 (4) conduct by the Executive that amounts to willful misconduct, gross and
willful insubordination, or gross neglect or inattention to the Executive’s duties and responsibilities hereunder, including prolonged absences without the written consent of the Board of Directors; 

(5) conduct in material violation of the Employer’s written code of conduct as the same may be in force from time to
time not cured by the Executive within ten (10) business days after the Executive’s receipt of Employer’s written notice thereof; 
 (6) receipt of any form of notice, written or otherwise, that any regulatory agency having jurisdiction over the Employer intends to institute any form of formal regulatory action against the Executive;
or 
 (7) Executive’s removal and/or permanent prohibition from participating in the conduct of the
Employer’s affairs by an order issued under Section 8(e)(4) or 8(g)(1) of the FDIA (12 U.S.C. 1818(e)(4) and (g)(1)). 
 (f) “Change of Control” means for purposes of this Agreement the occurrence of any of the following events on or after the Effective Date: 

(1) the date any entity or person, including a group as defined in Section 13(d)(iii) of the Securities Exchange Act
of 1934 shall become the beneficial owner of, or shall have obtained voting control over, fifty percent (50%) or more of the outstanding common shares of either the Company or Stillwater National Bank and Trust Company
(“SNB-Stillwater”); 
 (2) the date the shareholders of either the Company or SNB-Stillwater
approve a definitive agreement (i) to merge or consolidate either the Company or SNB-Stillwater with or into another corporation in which either the Company or SNB-Stillwater, respectively, is not the continuing or surviving corporation or
pursuant to which any common shares of either the Company or SNB-Stillwater would be converted into cash, securities, or other property of another, other than a merger of either the Company or SNB-Stillwater in which holders of common shares
immediately prior to the merger have the same proportionate interest of common stock of the surviving corporation immediately after the merger as immediately before, or (ii) to sell or otherwise dispose of substantially all of the assets of
either the Company or SNB-Stillwater; or 
 (3) the date there shall have been change in a majority of the Board
of Directors of either the Company or SNB-Stillwater within a 12-month period unless the nomination of each new director was approved by the vote of two-thirds (2/3) of directors then still in office who were in office at the beginning of the
12-month period. 

  
 18 

 (g) “Code” shall mean the Internal Revenue Code of
1986, as amended, and the rules and regulations promulgated thereunder. 
 (h) “Competing
Business” shall mean any entity (other than the Employer and its Affiliates) that is conducting business that is the same or substantially the same as the Business of the Employer. 

(i) “Confidential Information” means data and information relating to the business of the Employer
and its Affiliates (which does not rise to the status of a Trade Secret) which is or has been disclosed to the Executive or of which the Executive became aware as a consequence of or through the Executive’s relationship to the Company and its
Affiliates and which has value to the Employer and its Affiliates and is not generally known to its competitors. Confidential Information shall not include any data or information that has been voluntarily disclosed to the public by the Employer or
its Affiliates, provided that such public disclosure shall not be deemed to be voluntary when made without authorization by the Executive or any other employee of Employer, or that has been independently developed and disclosed by others, or that
otherwise enters the public domain through lawful means. 
 (j) “Constructive
Termination” shall mean any of the following which occurs after the effective date of a Change of Control: 
 (1) the material reduction of the Executive’s Annual Salary, Annual Bonus opportunity, opportunity to earn equity compensation, or other benefits, each as provided in this Agreement; 

(2) a material diminution in the Executive’s authority, duties or responsibilities or a change in his position such
that he ceases to hold the title of, or serve in the role as, President and Chief Executive Officer of the Company or any successor; 
 (3) the assignment of any duties materially inconsistent with the Executive’s position (including status, offices, titles and reporting requirements), authority, duties or responsibilities under this
Agreement; or 
 (4) an involuntary relocation of the Executive’s primary office or worksite to a place that
is beyond a twenty (20) mile radius from 6301 Waterford Boulevard in Oklahoma City, Oklahoma. 
 (k)
“Disability” shall mean that the Executive suffers from a physical or mental disability or infirmity that qualifies the Executive for disability benefits under any 

  
 19 

 
accident and health plan maintained by the Employer that provides income replacement benefits due to disability or, if the Employer does not maintain such a plan, the Executive’s inability
to perform the essential functions of the Executive’s job for a period of ninety (90) or more days, with or without reasonable accommodation, as a result of a physical or mental disability or infirmity, as reasonably determined by the
Employer. 
 (l) “Employer Information” shall mean Confidential Information and Trade
Secrets. 
 (m) “Initial Term” shall mean that period of time commencing on the Effective
Date and ending December 31, 2014, subject to any earlier Termination of Employment of the Executive under this Agreement as provided for in Sections 2(b) and 4.1. 

(n) “Post-Termination Period” shall mean twelve (12) months following the effective date of
the Executive’s Termination of Employment. 
 (o) “Subsidiary Bank” shall mean each
subsidiary bank as may be wholly-owned by the Company from time to time. 
 (p) “Term”
shall mean the Initial Term and any subsequent extension periods, subject to any earlier Termination of Employment of the Executive under this Agreement as provided for in Sections 2(b) and 4.1. 

(q) “Termination of Employment” shall mean a termination of the Executive’s employment where
either (1) the Executive has ceased to perform any services for the Employer and all affiliated companies that, together with the Employer, constitute the “service recipient” within the meaning of Code Section 409A (collectively,
the “Service Recipient”) or (2) the level of bona fide services the Executive performs for the Service Recipient after a given date (whether as an employee or as an independent contractor) permanently decreases (excluding a
decrease as a result of military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long as the Executive retains a right to reemployment with the Service Recipient under
an applicable statute or by contract) to no more than twenty percent (20%) of the average level of bona fide services performed for the Service Recipient (whether as an employee or an independent contractor) over the immediately preceding
36-month period (or the full period of service if the Executive has been providing services to the Service Recipient for less than 36 months). 

  
 20 

 (r) “Trade Secrets” shall mean Employer or Affiliate
information including, but not limited to, technical or nontechnical data, formulas, patterns, compilations, programs, devices, methods, techniques, drawings, processes, financial data, financial plans, product plans or lists of actual or potential
customers or suppliers which: 
 (1) derives economic value, actual or potential, from not being generally known
to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and 
 (2) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. 
 [SIGNATURES ARE ON THE FOLLOWING PAGE] 

  
 21 

 IN WITNESS WHEREOF, the Employer and the Executive have executed and delivered this
Agreement as of the date first shown above. 
  

			
	Southwest Bancorp, Inc.:
		
	By:	 	  

		 	Signature
		
		 	  

		 	Print Name
		
		 	  

		 	Title
	
	Stillwater National Bank and Trust Company:
		
	By:	 	  

		 	Signature
		
		 	  

		 	Print Name
		
		 	  

		 	Title
	
	Bank of Kansas:
		
	By:	 	  

		 	Signature
		
		 	  

		 	Print Name
		
		 	  

		 	Title
	
	Executive:
	
	  

	Joe T. Shockley, Jr.

 #6251696 

  
 22 

 Exhibit “A” 

SEVERANCE AGREEMENT AND 
 FULL AND FINAL RELEASE OF CLAIMS 
 This Severance Agreement and Full
and Final Release of Claims (“Agreement”) is made and entered into by and among Southwest Bancorp, Inc., a bank holding company organized under the laws of the State of Oklahoma (the “Company”), the Stillwater National Bank and
Trust Company, a national bank organized under the laws of the United States, and the Bank of Kansas, a state bank chartered under the laws of the State of Kansas (collectively, the “Employer”), and Joe T. Shockley, Jr. (the
“Executive”). 
 1. SEPARATION. Executive’s employment with the Employer will terminate on
             or such later date as may be determined by the parties (“Separation Date”). The parties acknowledge that Executive’s termination from employment will result in a
“Separation from Service” as defined in Section 409A of the Internal Revenue Code. Executive further agrees that the Executive hereby resigns as an officer and director of the Employer and any related or affiliated entities as of the
Separation Date. 
 2. CONSIDERATION. In consideration of the Executive’s decision to enter into this
Agreement, the Employer will (i) continue to employ Executive through the Separation Date, (ii) and will provide Executive severance pay and treat equity awards in accordance with the terms of the employment agreement between the Employer
and the Executive dated             , 2012 (the “Employment Agreement”), and (iii) otherwise satisfy all of the Employer’s obligations under the Employment Agreement
which survive the Executive’s Termination of Employment (as defined in the Employment Agreement). Federal, state and local tax withholdings and other legal deductions may be applied to the above consideration as determined by the Employer in
its sole discretion. 
 Whether or not Executive executes this Agreement, the Employer will pay Executive any and all wages for
all hours worked up to and through the Separation Date within the appropriate time frame required by applicable law. If Executive fails or refuses to execute this Agreement, or if Executive revokes this Agreement as provided herein, Executive will
not be entitled to the consideration set forth above. 
 3. FULL AND FINAL RELEASE. 

(a) In consideration of the payments being provided to Executive above, Executive, for himself, his attorneys, heirs, executors,
administrators, successors and assigns, fully, finally and forever releases and discharges the Employer and all other affiliated companies, as well as its and their successors, assigns, officers, owners, directors, agents, representatives,
attorneys, and employees (all of whom are referred to throughout this Agreement as the “Releasees”), of and from all claims, demands, actions, causes of action, suits, damages, losses, and expenses, of any and every nature whatsoever, as a
result of actions or omissions occurring through the date Executive signs this Agreement. 

 Specifically included in this waiver and release are, among other things, any and all claims
related to any severance pay plan, any and all claims related to Executive’s employment and separation from employment or otherwise, including without limitation: (1) Title VII of the Civil Rights Act of 1964, as amended by the Civil
Rights Act of 1991; (2) the Americans with Disabilities Act, as amended; (3) 42 U.S.C. § 1981; (4) the Age Discrimination in Employment Act (29 U.S.C. §§ 621-624); (5) 29 U.S.C. § 206(d)(1); (6) Executive
Order 11246; (7) Executive Order 11141; (8) Section 503 of the Rehabilitation Act of 1973; (9) Executive Retirement Income Security Act (ERISA); (10) the Occupational Safety and Health Act; (11) the Worker Adjustment
and Retraining Notification (WARN) Act; (12) the Family and Medical Leave Act; (13) the Ledbetter Fair Pay Act; and (14) other federal, state and local discrimination laws, including the Oklahoma Anti-Discrimination Act and 85 O.S.
Section 341 under Oklahoma’s Workers’ Compensation Act. 
 Executive further acknowledges that Executive is
releasing, in addition to all other claims, any and all claims based on any tort, whistle-blower, personal injury, defamation, invasion of privacy or wrongful discharge theory; retaliatory discharge theory; any and all claims based on any oral,
written or implied contract or on any contractual theory (including the Employment Agreement); any claims based on a severance pay plan; and all claims based on any other federal, state or local Constitution, regulation, law (statutory or common),
or other legal theory, as well as any and all claims for punitive, compensatory, and/or other damages, back pay, front pay, fringe benefits and attorneys’ fees, costs or expenses. 

(b) Nothing in this Agreement, however, is intended to waive Executive’s entitlement to vested benefits under any 401(k) plan
or other benefit plan provided by the Employer. Furthermore, the parties specifically agree that this release does not cover, and Executive expressly reserves, indemnification rights existing to the Executive as a current or former director and/or
officer of the Employer under the Articles and Bylaws of the Employer and pursuant to applicable state law and in accordance with any D&O policy existing for former officers and directors of the Employer. Finally, the above release does not
waive claims that Executive could make, if available, for unemployment or workers’ compensation or claims that cannot be released by private agreement. 
 (c) Executive understands that this Agreement does not bar the Executive from filing a complaint and/or charge with any appropriate federal, state, or local government agency or cooperating with said
agency in its investigation. Executive agrees, however, that the Executive shall not be entitled to receive any relief or recovery (monetary or otherwise) in connection with any complaint or charge brought against the Releasees, without regard as to
who brought said complaint or charge. 

  
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 4. ADVICE OF COUNSEL. Executive acknowledges that the Executive has been and
is hereby advised by the Employer to consult with an attorney in regard to this matter. Executive understands that Executive is responsible for the costs of any such legal services incurred in connection with such consultation. 

5. POST-EMPLOYMENT COOPERATION. Executive agrees to reasonably cooperate with the Employer in the defense or prosecution of
any claims or actions now in existence or which may be brought in the future against or on behalf of the Employer which relate to events or occurrences that transpired or which failed to transpire while Executive was employed by the Employer.
Executive also agrees to cooperate reasonably with the Employer in connection with any internal investigation or review, or any investigation or review by any federal, state or local regulatory authority, relating to events or occurrences that
transpired or failed to transpire while Executive was employed by the Employer. Executive’s reasonable cooperation in connection with such matters shall include, but not be limited to, providing information to counsel, being available to meet
with counsel to prepare for discovery or trial and acting as a witness on behalf of the Employer at a mutually convenient times. If the Executive is called upon to cooperate in connection with any such matter, then the Executive shall be entitled to
a fair and reasonable per diem fee and reimbursement of any expenses incurred at the request of the Employer. 
 6. NO
OTHER CLAIMS. Executive represents that Executive has not filed, nor assigned to others the right to file, nor are there currently pending, any complaints, charges or lawsuits against the Releasees with any governmental agency or any court
or in any arbitration forum. 
 7. NON-ADMISSION OF LIABILITY OR WRONGFUL CONDUCT. This Agreement shall not be
construed as an admission by the Employer of any liability or acts of wrongdoing or discrimination, nor shall it be considered to be evidence of such liability, wrongdoing, or discrimination. 

8. RETURN OF PROPERTY. Executive acknowledges, understands, and agrees that Executive will turn over to
             all documents, files, memoranda, records, Employer Information (as defined in the Employment Agreement), credit cards, records, books, manuals, computer equipment, computer
software, pagers, cellular phones, facsimile machines, PDAs, keys and electronic keys or access cards into the building and any other equipment or documents, and all other physical or electronic property of similar type that Executive received from
the Employer and/or that Executive used in the course of his employment with the Employer and that are the property of the Employer. Executive agrees that Executive will not delete, destroy or erase any data stored on or associated with such
property, including but not limited to data stored on computers, servers, phones, or other electronic devices. Executive further agrees to return to              any and all hard copies of
any documents which are the subject of a document preservation notice or other legal hold and to notify              of the location of any electronic documents which are subject to a legal
hold. 

  
 3 

 9. CONFIDENTIALITY. The nature and terms of this Agreement are strictly
confidential and they have not been and shall not be disclosed by Executive at any time to any person (including the Employer’s employees) except Executive’s lawyer, accountant, or immediate family without the prior written consent of an
officer of the Employer, except as necessary in any legal proceedings directly related to the provisions and terms of this Agreement, to prepare and file income tax forms, or pursuant to court order after reasonable notice to the Employer. Executive
may disclose that Executive is subject to an agreement not to disclose trade secrets and confidential information where necessary to comply with such confidentiality agreement. Executive agrees that Executive is responsible for informing these
persons of the confidential nature of this Agreement and that any breach of this confidentiality provision by any of these persons shall be deemed a breach by Executive. 
 10. GOVERNING LAW. This Agreement shall be interpreted under the laws of the State of Oklahoma. 
 11. SEVERABILITY. The provisions of this Agreement are severable, and if any part of this Agreement except Paragraphs 3 or 5 are found by a court of law to be unenforceable, the remainder of
the Agreement will continue to be valid and effective, and the court is authorized to amend relevant provisions of the Agreement to carry out the intent of the parties to the extent legally permissible. If Paragraph 3 or 5 is found by a court of
competent jurisdiction to be unenforceable, the parties agree to seek a determination by the court as to the rights of the parties, including whether Executive is entitled under those circumstances and the relevant law to retain the benefits paid to
Executive under this Agreement. 
 12. SOLE AND ENTIRE AGREEMENT. This Agreement and the Employment Agreement set
forth the entire agreement between the parties with respect to the subject matters covered by this Agreement and the Employment Agreement; provided however, that any continuing obligations of confidentiality, non-disparagement, non-appropriation
and/or non-solicitation under any other agreement shall survive. Any other prior agreements between or directly involving the parties to the Agreement and the Employment Agreement with respect to the subject matters covered by this Agreement and
the Employment Agreement are superseded by the terms of this Agreement and the Employment Agreement and thus are rendered null and void. 
 13. NO OTHER PROMISES. Executive affirms that the only consideration for his signing this Agreement is that set forth in Paragraph 2, that no other promise or agreement of any kind has been
made to or with Executive by any person or entity to cause Executive to execute this document, and that Executive fully understands the meaning and intent of this Agreement, including but not limited to, its final and binding effect. 

  
 4 

 14. ACKNOWLEDGEMENTS. 

(a) Executive acknowledges, understands and agrees that Executive has been notified of Executive’s rights under the Family and
Medical Leave Act (FMLA) and state leave laws. Executive further acknowledges, understands and agrees that Executive has not been denied any leave requested under the FMLA or applicable state leave laws and that, to the extent applicable, Executive
has been returned to Executive’s job, or an equivalent position, following any FMLA or state leave taken pursuant to the FMLA or state laws. 
 (b) Executive acknowledges, understands and agrees that it is Executive’s obligation to make a timely report, in accordance with the Employer’s policy and procedures, of any work related injury
or illness. Executive further acknowledges, understands and agrees that Executive has reported to the Employer’s management personnel any work related injury or illness that occurred up to and including Executive’s last day of employment.

 15. NO VIOLATION OF THE LAW. Executive represents and acknowledges that, except as set forth on Schedule I
attached hereto, Executive is unaware of any conduct, actions or inactions by the Employer or anyone employed by the Employer which would violate any federal, state or local law, any common law, or any rule promulgated by any administrative body.
Executive further acknowledges that Executive has disclosed to              any relevant facts known to Executive of any conduct which violates in any material respect any Employer policy
or standard. 
 16. LEGALLY BINDING AGREEMENT. Executive understands and acknowledges that this Agreement contains
a full and final release of claims against the Employer; and that Executive has agreed to its terms knowingly, voluntarily, and without intimidation, coercion or pressure. 
 17. ADVICE OF COUNSEL / CONSIDERATION AND REVOCATION PERIODS. Executive hereby acknowledges and agrees that this Agreement and the termination of Executive’s employment and all actions
taken in connection therewith are in compliance with the Age Discrimination in Employment Act and the Older Workers Benefit Protection Act and that the releases set forth herein shall be applicable, without limitation, to any claims brought under
these Acts. Executive acknowledges that the Executive has been and is hereby advised by the Employer to consult with an attorney in regard to this matter. Executive understands that Executive is responsible for the costs of any such legal services
incurred in connection with such consultation. Executive further acknowledges that Executive has been given more than twenty-one (21) days from the time that Executive receives this Agreement to consider whether to sign it. Executive shall have
seven (7) days from the date Executive signs this Agreement to revoke the Agreement. To revoke, Executive must ensure that written notice is delivered to             , 608 South Main
Street, Stillwater, Oklahoma 74074, by the end of the day on 

  
 5 

 
the seventh calendar day after Executive signs this Agreement. If Executive does not revoke this Agreement within seven (7) days of signing, this Agreement will become final and binding on
the day following such seven (7) day period. 
 [SIGNATURES ARE ON
THE FOLLOWING PAGE] 

  
 6 

 This Agreement includes a release of all known and unknown claims through the date of this Agreement.
Executive should carefully consider all of its provisions before signing it. Executive’s signature below indicates Executive’s understanding and agreement with all of the terms in this Agreement. 

 

									
		 		 		 	Southwest Bancorp, Inc.
					
	Date:	 	  
	 		 	By:	 	  

					
		 		 		 	Full Name:	 	  

		 		 		 	Title:	 	 ]

				
		 		 		 	Stillwater National Bank and Trust Company
					
	Date:	 	  
	 		 	By:	 	  

					
		 		 		 	Full Name:	 	  

		 		 		 	Title:	 	  

				
		 		 		 	Bank of Kansas
					
	Date:	 	  
	 		 	By:	 	  

					
		 		 		 	Full Name:	 	  

		 		 		 	Title:	 	  

				
	Date:	 	  
	 		 	  

		 		 		 	Joe T. Shockley, Jr.

  
 7

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