Document:

Form of Nicholas Financial, Inc. Equity Incentive Plan Restricted Stock Award

 EXHIBIT 10.11 
 NICHOLAS FINANCIAL, INC. 
 EQUITY INCENTIVE PLAN 

RESTRICTED STOCK AWARD 

[Name] 
 [Address] 

Dear
                            : 
 You have been granted a Restricted Stock award for shares of common stock of Nicholas Financial, Inc. (the “Company”) under the Nicholas Financial, Inc. Equity Incentive Plan (the
“Plan”) with the following terms and conditions: 
  

			
	Grant Date:	  	            , 20    
		
	Number of Restricted Shares:	  	                 Shares
		
	Vesting Schedule:	  	          percent (    %) of your Restricted Shares will
vest on each of the first          anniversaries of the Grant Date.
  
 If your employment or service terminates prior to the date your Restricted Shares are vested as a result of death or Disability, or if the Company terminates your employment for other than Cause, your
Restricted Shares will become fully vested on the date of such termination. In addition, upon a Change of Control, all of your Restricted Shares will become fully vested.

 
 Upon any other termination of employment or service, you will forfeit the Restricted
Shares that have not yet vested.

		
	[Issuance by Certificate or Book Entry][Escrow]:	  	 [Issuance:] The Company will issue certificate(s) or make an appropriate book entry in your name evidencing your Restricted
Shares as soon as practicable following your execution of this Award.
  
 If
the Restricted Shares are issued in certificated form, in addition to any other legends placed on the certificate(s), such certificate(s) will bear the following legend:
  

“The sale or other transfer of the Shares represented by this certificate, whether voluntary or by operation of law, is subject to restrictions set
forth in a Restricted Stock Award agreement, dated as of                     , by and between Nicholas Financial, Inc. and the registered
owner hereof. A copy of such agreement may be obtained from the Secretary of Nicholas Financial, Inc.”

			
		  	 If the Restricted Shares are issued in book-entry form, they will be subject to an appropriate stop-transfer order.

 
 Upon the vesting of the Restricted Shares, you will be entitled to a new certificate
for the Shares that have vested, without the foregoing legend, or to have such stop-transfer order removed, as applicable, upon request to the Secretary of the Company.
  

[Escrow:] Your Restricted Shares will be held in escrow by the Company, as escrow agent. The Company will give you a receipt for the Shares held in
escrow that will state that the Company holds such Shares in escrow for your account, subject to the terms of this Award, and you will give the Company a stock power for such Shares duly endorsed in blank which will be used in the event such Shares
are forfeited in whole or in part. As soon as practicable after the vesting date, the Restricted Shares will cease to be held in escrow, and the vested Shares will be issued in certificated or book entry form to you or, in the case of your death, to
your estate.

		
	 Transferability of
 Restricted
Shares:
	  	You may not sell, transfer or otherwise alienate or hypothecate any of your Restricted Shares until they are vested. In addition, by accepting this Award, you agree not to sell
any Shares acquired under this Award at a time when applicable laws, Company policies or an agreement between the Company and its underwriters prohibit a sale.
		
	Voting and Dividends:	  	While the Restricted Shares are subject to forfeiture, you may exercise full voting rights and will receive all dividends and other distributions paid with respect to the
Restricted Shares, in each case so long as the applicable record date occurs before you forfeit such Shares. If, however, any such dividends or distributions are paid in Shares, such Shares will be subject to the same risk of forfeiture,
restrictions on transferability and other terms of this Award as are the Restricted Shares with respect to which they were paid.
		
	Tax Withholding:	  	To the extent that the receipt of the Restricted Shares or the vesting of the Restricted Shares results in income to you for Federal, state or local income tax purposes, you
shall deliver to the Company at the time the Company is obligated to withhold taxes in connection with such receipt or vesting, as the case may be, such amount as the Company requires to meet its withholding

  
 2 

			
		  	obligation under applicable tax laws or regulations, and if you fail to do so, the Company has the right and authority to deduct or withhold from other compensation payable to
you an amount sufficient to satisfy its withholding obligations. If you do not make an election under Section 83(b) of the Internal Revenue Code of 1986, as amended, in connection with this Award, you may satisfy the withholding requirement, in
whole or in part, [if escrow: by electing to have the Company withhold for its own account that number of Restricted Shares otherwise deliverable to you from escrow hereunder on the date the tax is to be determined] [if issue: by
electing to deliver to the Company that number of Restricted Shares (that would otherwise be vested on the date the tax is determined)] having an aggregate Fair Market Value on the date the tax is to be determined equal to the minimum statutory
total tax that the Company must withhold in connection with the vesting of such Shares. Your election must be irrevocable, in writing, and submitted to the Secretary of the Company before the applicable vesting date. The Fair Market Value of any
fractional Share not used to satisfy the withholding obligation (as determined on the date the tax is determined) will be paid to you in cash.
		
	Miscellaneous:	  	 •        This Restricted Stock Award may be amended
only by written consent signed by you and the Company, unless the amendment is not to your detriment.
  

•        As a condition of the granting of this Award, you agree, for
yourself and your legal representatives or guardians, that this Agreement shall be interpreted by the Committee and that any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this
Agreement shall be final, binding and conclusive.
  
 •        This Agreement may be executed in counterparts.

 This Restricted Stock Award is granted under and governed by the terms and conditions of the Plan. Additional provisions
regarding your Award and definitions of capitalized terms used and not defined in this Award can be found in the Plan. 
 BY
SIGNING BELOW AND ACCEPTING THIS RESTRICTED STOCK AWARD, YOU 
 AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED HEREIN AND IN
THE 
 PLAN. YOU ALSO ACKNOWLEDGE RECEIPT OF THE PLAN AND THE 

PROSPECTUS DESCRIBING THE PLAN. 
  

					
	  
	 		  	  

	Authorized Officer	 		  	Recipient

  
 3Form of Nicholas Financial, Inc. Equity Incentive Plan Performance Share Award

 EXHIBIT 10.12 
 NICHOLAS FINANCIAL, INC. 
 EQUITY INCENTIVE PLAN 

PERFORMANCE SHARE AWARD 

[Name] 
 [Address] 

Dear
                            : 
 You have been granted a Performance Share award for shares of common stock of Nicholas Financial, Inc. (the “Company”) under the Nicholas Financial, Inc. Equity Incentive Plan (the
“Plan”) with the following terms and conditions: 
  

			
	Performance Period:	  	            , 20     through
            , 20    
		
	Performance Criteria:	  	 You will earn a number of Shares based on the Company’s achievement of the Performance Goal at the end of the Performance Period
as follows:
  
 Achievement
                        Number of Performance Shares Earned
     % of Target
     % of Target

Target
     % of
Target
     % of Target
  

The “Target” Performance Goal for the Performance Period is
                            .

 
 If your employment or service terminates prior to the end of the Performance Period
due to death or Disability, you will be eligible to receive a number of Performance Shares equal to the number of shares specified above assuming the Target Performance Goal had been met, multiplied by a fraction, the numerator of which is the
number of days that have elapsed since the first day of the Performance Period to the date of your termination, and the denominator of which is equal to the number of days in the full Performance Period. For this purpose, “Disability”
means that you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months, as determined by the Administrator.

			
		  	If your employment or service terminates prior to the end of the Performance Period for any other reason, this Award will terminate in full on the date of such termination and
you will not earn any Performance Shares.
		
	Issuance by Certificate or Book Entry:	  	As soon as practicable after the end of the Performance Period, the Company will issue your earned Performance Shares in your name in certificated form or by book entry. If,
however, you terminate employment or service due to death or Disability, the Company will issue your earned Performance Shares in certificated form or by book entry as soon as practicable after the date of your termination.
		
	 Transferability of

Shares:
	  	By accepting this Award, you agree not to sell any Shares acquired under this Award at a time when applicable laws, Company policies or an agreement between the Company and its
underwriters prohibit a sale.
		
	Tax Withholding:	  	To the extent that the receipt of the Performance Shares results in income to you for Federal, state or local income tax purposes, you shall deliver to the Company at the time
the Company is obligated to withhold taxes in connection with such receipt, such amount as the Company requires to meet its withholding obligation under applicable tax laws or regulations, and if you fail to do so, the Company has the right and
authority to deduct or withhold from other compensation payable to you an amount sufficient to satisfy its withholding obligations. You may satisfy the withholding requirement, in whole or in part, by electing to have the Company withhold for its
own account that number of Performance Shares otherwise deliverable to you having an aggregate Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that the Company must withhold in connection with the
vesting of such Shares. Your election must be irrevocable, in writing, and submitted to the Secretary of the Company before the date the Shares are distributed. The Fair Market Value of any fractional Share not used to satisfy the withholding
obligation (as determined on the date the tax is determined) will be paid to you in cash.
		
	Miscellaneous:	  	 •        This Performance Share Award may be amended
only by written consent signed by you and the Company, unless the amendment is not to your detriment.
  

•        As a condition of the granting of this Award, you agree, for
yourself and your legal representatives or guardians, that this Agreement shall be interpreted by the Committee and that any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this
Agreement shall be final, binding and conclusive.
  
 •        This Agreement may be executed in counterparts.

  
 2 

 This Performance Share Award is granted under and governed by the terms and conditions of the Plan.
Additional provisions regarding your Award and definitions of capitalized terms used and not defined in this Award can be found in the Plan. 
 BY SIGNING BELOW AND ACCEPTING THIS RESTRICTED STOCK AWARD, YOU 
 AGREE TO ALL OF
THE TERMS AND CONDITIONS DESCRIBED HEREIN AND IN THE 
 PLAN. YOU ALSO ACKNOWLEDGE RECEIPT OF THE PLAN AND THE 

PROSPECTUS DESCRIBING THE PLAN. 
  

					
	  
	 		  	  

	Authorized Officer	 		  	Recipient

  
 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00218-of-00352.parquet"}]]