Document:

<PAGE>

                                                                  EXHIBIT 10.14

                              EMPLOYMENT AGREEMENT

         THIS AGREEMENT is made as of the 1st day of March, 2000, by and among
PINNACLE NATIONAL BANK (Proposed) (the "Bank"), a proposed national bank;
PINNACLE FINANCIAL PARTNERS, INC. (formerly known as TMP, Inc.), a proposed bank
holding company incorporated under the laws of the State of Tennessee (the
"Company") (collectively, the Bank and the Company are referred to hereinafter
as the "Employer"), and MICHAEL TERRY TURNER, a resident of the State of
Tennessee (the "Executive").

                                    RECITALS:

         The Employer desires to employ the Executive as President and Chief
Executive Officer of the Bank and the Company and the Executive desires to
accept such employment.

         The parties previously entered into an employment agreement, also dated
as of March 1, 2000, that they wish to restate primarily for the purpose of
revising certain change-in-control provisions.

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

1.       DEFINITIONS. Whenever used in this Agreement, the following terms and
         their variant forms shall have the meaning set forth below:

         1.1      "AGREEMENT" shall mean this Agreement and any exhibits
incorporated herein together with any amendments hereto made in the manner
described in this Agreement.

         1.2      "AFFILIATE" shall mean any business entity which controls the
Company, is controlled by or is under common control with the Company.

         1.3      "BUSINESS OF THE EMPLOYER" shall mean the business conducted
by the Employer, which is the business of commercial banking.

         1.4      "CAUSE" shall mean:

                  1.4.1    With respect to termination by the Employer:

                           (a) a material breach of the terms of this Agreement
             by the Executive, including, without limitation, failure by the
             Executive to perform his duties and responsibilities in the manner
             and to the extent required under this Agreement, which remains
             uncured after the expiration of thirty (30) days following the
             delivery of written notice of such breach to the Executive by
             Employer. Such notice shall (i) specifically identify the duties
             that the Board of Directors of either the Company or the Bank

<PAGE>

             believes the Executive has failed to perform, (ii) state the facts
             upon which such Board of Directors made such determination, and
             (iii) be approved by a resolution passed by two-thirds (2/3) of the
             directors then in office;

                           (b) conduct by the Executive that amounts to fraud,
             dishonesty or willful misconduct in the performance of his duties
             and responsibilities hereunder;

                           (c) arrest for, charged in relation to (by criminal
              information, indictment or otherwise), or conviction of the
              Executive during the Term of this Agreement of a crime involving
              breach of trust or moral turpitude;

                           (d) conduct by the Executive that amounts to gross
             and willful insubordination or inattention to his duties and
             responsibilities hereunder; or

                           (e) conduct by the Executive that results in removal
             from his position as an officer or executive of Employer pursuant
             to a written order by any regulatory agency with authority or
             jurisdiction over Employer.

                  1.4.2    With respect to termination by the Executive:

                           (a) a material modification to the Executive's job
              title(s) or position(s) of responsibility or the scope of his
              authority or responsibilities under this Agreement without the
              Executive's written consent, which modification is not cured to
              the reasonable satisfaction of the Executive within thirty (30)
              days after written notice thereof from the Executive to the Board
              of Directors of either the Bank or the Company;

                           (b) a change in supervision so that the Executive no
              longer reports to the person(s) or entity to whom he reported
              immediately after the Effective Date, which change in supervision
              is effected without the Executive's written consent;

                           (c) a change in supervisory authority so that the
              holder of any position who normally reported to the Executive
              immediately after the Effective Date no longer reports to the
              Executive on a regular basis, which change in supervisory
              authority is effected without the Executive's written consent;

                           (d) any change in the Executive's office location
              such that the Executive is required to report regularly to a
              location that is beyond a 25-mile radius from the Executive's
              office location determined immediately after the Effective Date,
              which change in office location is effected without the
              Executive's written consent; and

                           (e) any material reduction in salary, bonus
              opportunity or other benefits provided for in Section 4 below from
              the level in effect immediately prior to the Change of Control.

                                       2

<PAGE>

         1.5      "CHANGE OF CONTROL" means any one of the following events:

                           (a) the acquisition by any person or persons acting
             in concert of the then outstanding voting securities of either the
             Bank or the Company, if, after the transaction, the acquiring
             person (or persons) owns, controls or holds with power to vote
             forty percent (40%) or more of any class of voting securities of
             either the Bank or the Company, as the case may be;

                           (b) within any twelve-month period (beginning on or
             after the Effective Date) the persons who were directors of either
             the Bank or the Company immediately before the beginning of such
             twelve-month period (the "Incumbent Directors") shall cease to
             constitute at least a majority of such board of directors; provided
             that any director who was not a director as of the Effective Date
             shall be deemed to be an Incumbent Director if that director were
             elected to such board of directors by, or on the recommendation of
             or with the approval of, at least two-thirds of the directors who
             then qualified as Incumbent Directors; and provided further that no
             director whose initial assumption of office is in connection with
             an actual or threatened election contest (as such terms are used in
             Rule 14a-11 of Regulation 14A promulgated under the Securities
             Exchange Act of 1934) relating to the election of directors shall
             be deemed to be an Incumbent Director;

                           (c) a reorganization, merger or consolidation, with
             respect to which persons who were the stockholders of the Bank or
             the Company, as the case may be, immediately prior to such
             reorganization, merger or consolidation do not, immediately
             thereafter, own more than fifty percent (50%) of the combined
             voting power entitled to vote in the election of directors of the
             reorganized, merged or consolidated company's then outstanding
             voting securities; or

                           (d) the sale, transfer or assignment of all or
             substantially all of the assets of the Company and its subsidiaries
             to any third party.

         1.6      "COMPANY INFORMATION" means Confidential Information and Trade
Secrets.

         1.7      "CONFIDENTIAL INFORMATION" means data and information relating
to the business of the Bank or the Company (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 Employer and which has value to the Employer 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 (except where such public disclosure has been made by the Executive
without authorization) or that has been independently developed and disclosed by
others, or that otherwise enters the public domain through lawful means.

         1.8      "DISABILITY" shall mean the inability of the Executive to
perform each of his material duties under this Agreement for the duration of the
short-term disability period under the

                                       3

<PAGE>

Employer's policy then in effect as certified by a physician chosen by the
Employer and reasonably acceptable to the Executive.

         1.9      "EFFECTIVE DATE" shall mean the date March 1, 2000.

         1.10     "INITIAL TERM" shall mean that period of time commencing on
March 1, 2000 (the "Beginning Date") and running until the close of business on
the last business day immediately preceding the third anniversary of the
Beginning Date.

         1.11     "TERM" shall mean the last day of the Initial Term or most
recent subsequent renewal period.

         1.12     "TRADE SECRETS" means Employer 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:

                           (a) 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

                           (b) is the subject of efforts that are reasonable
             under the circumstances to maintain its secrecy.

2.       DUTIES.

         2.1      POSITION. The Executive is employed initially as President and
Chief Executive Officer of the Bank and the Company and, subject to the
direction of the Board of Directors of the Bank or the Company or its
designee(s), shall perform and discharge well and faithfully the duties which
may be assigned to him from time to time by the Bank or the Company in
connection with the conduct of its business. The duties and responsibilities of
the Executive are set forth on EXHIBIT A attached hereto.

         2.2      FULL-TIME STATUS. In addition to the duties and
responsibilities specifically assigned to the Executive pursuant to Section 2.1
hereof, the Executive shall:

                           (a) devote substantially all of his time, energy and
             skill during regular business hours to the performance of the
             duties of his 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 him by
             the Board of Directors of either the Bank or the Company; and

                                       4

<PAGE>

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

         2.3      PERMITTED ACTIVITIES. The Executive shall devote his 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 business or professional activity, whether or not such activity is
pursued for gain, profit or other pecuniary advantage; but this shall not be
construed as preventing the Executive from:

                           (a) investing his personal assets in businesses which
             (subject to clause (b) below) are not in competition with the
             Business of the Employer and which will not require any services on
             the part of the Executive in their operation or affairs and in
             which his participation is solely that of an investor;

                           (b) purchasing or otherwise acquiring an ownership
             interest in any entity provided that such interest shall not result
             in him collectively owning beneficially at any five percent (5%) or
             more of any entity, or to the extent applicable, five percent (5%)
             or more of the stock, capital or profits of any entity in
             competition with the Business of the Employer; and

                           (c) participating in civic and professional affairs
             and organizations and conferences, preparing or publishing papers
             or books or teaching so long as the Board of Directors of either
             the Bank or the Company approves of such activities prior to the
             Executive's engaging in them.

Notwithstanding the foregoing provisions of this Section 2.3, the Executive may
provide services to any entity and may engage in such additional investment
activities to the extent such services and such additional investment activities
have been expressly approved in writing by the Board of Directors of either the
Bank or the Company.

3.       TERM AND TERMINATION.

         3.1      TERM. This Agreement shall remain in effect for the Term.
While this Agreement remains in effect it shall automatically renew each day
after the Effective Date so that the Term remains a three-year term from
day-to-day hereafter unless the Employer or the Executive gives written notice
to the other of its intent that the automatic renewals shall cease. In the event
such notice of non-renewal is properly given, this Agreement and the Term shall
expire on the third anniversary of the thirtieth (30th) day following the date
such written notice is received.

         3.2      TERMINATION. During the Term, the employment of the Executive
under this Agreement may be terminated only as follows:

                  3.2.1    By the Employer:

                           (a) In the event that the Bank fails to receive its
                  regulatory charter, or the Company fails to raise the
                  necessary capital required to open the Bank, and

                                       5

<PAGE>

                  should the Company's Founders decide to forgo future efforts
                  to open the Bank, in which event the Employer shall be
                  required to continue to meet its obligation to the Executive
                  under Section 4.1 until December 31, 2000;

                           (b) For Cause, upon written notice to the Executive
                  pursuant to Section 1.4.1 hereof, where the notice has been
                  approved by a resolution passed by two-thirds of the directors
                  of either the Bank or the Company then in office;

                           (c) Without Cause at any time, provided that the Bank
                  shall give the Executive thirty (30) days' prior written
                  notice of its intent to terminate, in which event the Employer
                  shall be required to continue to meet its obligations to the
                  Executive under Section 4.1 for a period equal to the
                  remaining Term of the Agreement; or

                           (d) Upon the Disability of Executive at any time,
                  provided that the Employer shall give the Executive
                  thirty (30) days' prior written notice of its intent to
                  terminate, in which event, the Employer shall be required
                  to continue to meet its obligations under Section 4.1 for a
                  period of six (6) months or until the Executive begins
                  receiving payments under the Company's long-term disability
                  policy, whichever occurs first.

                  3.2.2    By the Executive:

                           (a) For Cause, in which event the Employer shall be
                  required to continue to meet its obligations under Section 4.1
                  for a period equal to the lesser of (i) twelve (12) months
                  following the termination or (ii) the remaining Term of the
                  Agreement; or

                           (b) Without Cause or upon the Disability of the
                  Executive, provided that the Executive shall give the Employer
                  sixty (60) days' prior written notice of his intent to
                  terminate.

                  3.2.3    At any time upon mutual, written agreement of the
                  parties.

                  3.2.4    Notwithstanding anything in this Agreement to the
                  contrary, the Term shall end automatically upon the
                  Executive's death.

         3.3      CHANGE OF CONTROL. If the Executive terminates his employment
with the Employer under this Agreement for Cause within twelve (12) months
following a Change of Control, the Executive, or in the event of his subsequent
death, his designated beneficiaries or his estate, as the case may be, shall
receive, as liquidated damages, in lieu of all other claims, a severance payment
equal to three (3) times the Executives then current Base Salary and target
bonus amount to be paid in full on the last day of the month following the date
of termination. The Executive and his immediate family will continue to receive
the health insurance plan benefits then in effect for employees of the Company
and/or the Bank for a period of three years

                                       6

<PAGE>

to include payment of the Employer funded portion of the plan. The Executive
will also receive tax assistance, advice and filing preparation services from a
qualified accounting firm of his choice for a period of three years at a cost to
the Company and/or the Bank not to exceed $2,500 per year.

         3.4      EFFECT OF TERMINATION. Upon termination of the Executive's
employment hereunder, 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 salary and bonus amounts, if any, accrued pursuant to Sections
4.1 and 4.2 hereof and unpaid as of the effective date of the termination of
employment and payments set forth in Sections 3.2.1(a),(c) or (d); Section
3.2.2(a); Section 3.3; Section 3.5 and/or Section 4.4, as applicable. Nothing
contained herein shall limit or impinge upon any other rights or remedies of the
Employer or the Executive under any other agreement or plan to which the
Executive is a party or of which the Executive is a beneficiary.

         3.5      TAX INDEMNITY. In the event it shall be determined that any
payment or benefits by the Employer to the Executive (a "Payment") would subject
the Executive to an excise tax under Section 4999 of the Internal Revenue Code
(the "Code") (or any successor federal tax law), or any interest or penalties
are incurred or paid by the Executive with respect to such excise tax (any such
excise tax, together with any interest and penalties, are hereinafter
collectively referred to as the "Excise Tax"), then the Executive shall be
entitled to an additional payment from the Employer as is necessary (after
taking into account all federal, state and local taxes regardless of type,
whether income, excise or otherwise) imposed upon the Executive as a result of
the receipt of the payment contemplated by this Agreement) and any reduction in
such taxes of the Executive as a result of the payment of the related Excise
Tax) to place the Executive in the same after-tax position the Executive would
have been in had no Excise Tax been imposed upon or incurred or paid by the
Executive (the "Tax Indemnity"). The Employer's outside auditor shall determine,
utilizing such reasonable assumptions as it considers necessary, whether a
Payment would subject the Executive to the Excise Tax within thirty (30) days
after receipt of a written request from the Employer or the Executive in which
the requesting party verifies that a Payment has been made and requests an
appropriate determination. The requesting party shall provide the other party
with a copy of any such written request. The outside auditor shall determine
whether a Tax Indemnity obligation exists and, if so, the amount of the Tax
Indemnity and shall provide supporting documentation to both the Employer and
the Executive. The Employer shall pay the Executive any Tax Indemnity so
determined in a lump sum in cash within thirty (30) days following the release
of the related determination by the outside auditor; provided, however, that any
such payment may be reduced by applicable legal withholdings. In the event that
the Internal Revenue Service subsequently assesses an Excise Tax that is greater
than the tax previously calculated by the outside auditor, the Employer shall
make an additional Tax Indemnity payment, as calculated by the outside auditor
in a manner consistent with the provisions of this Section 3.5, to the Executive
within thirty (30) days of the date of such assessment.

4.       COMPENSATION. The Executive shall receive the following salary and
benefits during the Term, except as otherwise provided below:

                                       7

<PAGE>

         4.1      BASE SALARY. During the Initial Term, the Executive shall be
compensated at a base rate of $220,000 per year (the "Base Salary"). The
obligation for payment of Base Salary shall be apportioned between the Company
and the Bank as they may agree from time to time in their sole discretion. The
Executive's Base Salary shall be reviewed by the Board of Directors of the Bank
and the Company at least annually, and the Executive shall be entitled to
receive annually an increase in such amount, if any, as may be determined by the
Board of Directors of the Bank or the Company based on its evaluation of
Executive's performance. Base Salary shall be payable in accordance with the
Employer's normal payroll practices.

         4.2      INCENTIVE COMPENSATION. The Executive shall be entitled to
annual bonus compensation, if any, as determined by the Board of Directors of
the Company or the Bank pursuant to any incentive compensation program as may be
adopted from time to time by the Company or the Bank.

         4.3      STOCK OPTIONS. The Company will establish a stock incentive
plan contemporaneously with the initial public offering of the Company's common
stock. The Company will grant to the Executive pursuant to such stock incentive
plan, consistent with applicable provisions of the Internal Revenue Code, an
incentive stock option to purchase, at a per share purchase price equal to
$10.00, 45,000 shares of the Company's common stock. The option generally will
become vested and exercisable in twenty percent (20%) increments, commencing on
the first anniversary of the option grant date, which shall be the date that
the Securities and Exchange Commission declares effective the Company's
registration statement on Form SB-2 (Registration No. 333-38018), and
continuing for the next four successive anniversaries; provided, however,
that, in the event of a Change of Control, the option shall become fully
vested and exercisable; provided further, that in the event of a Change of
Control prior to the third anniversary of the date the Bank opens for
business, the option shall become vested and exercisable at a rate no more
rapidly than thirty-three and one-third percent (33 1/3%) per year over the
first three anniversaries of the date the Bank opens for business. The option
shall expire generally upon the earlier of ninety (90) days following
termination of employment or upon the tenth anniversary of the option grant
date. The option will be issued by the Employer pursuant to the Company's
stock incentive plan and subject to the terms of a related stock option
agreement. The Executive shall be eligible for future option grants so long
as the Company maintains a stock incentive plan and shall participate in
future grants at a level that is commensurate with the relative levels of
participation by all other senior management employees of the Employer.

         4.4      HEALTH INSURANCE.

                  (a) The Employer shall reimburse the Executive for the cost of
         premium payments paid by the Executive for the Executive's current
         health insurance covering the Executive and the members of his
         immediate family until the first to occur of the following:

                      (i) such time as the Company adopts a health insurance
                  plan for employees of the Company and/or the Bank;

                      (ii) the Company and the Bank abandon their organizational
                  efforts; or

                                       8

<PAGE>

                      (iii) December 31, 2000.

                  (b)      In the event of termination by the Executive for
         Cause (Section 3.2.3(a)), the Employer shall reimburse Executive for
         the cost of premium payments paid by the Executive to continue his then
         existing health insurance for himself and his eligible dependents as
         provided by the Employer for a period of three (3) months following the
         date of termination of employment.

                  (c)      In the event of a termination by the Employer without
         Cause (Section 3.2.1(c)), the Employer shall reimburse the Executive
         for the cost of premium payments paid by the Executive to continue his
         then existing health insurance for himself and his eligible dependents
         as provided by Employer for a period of twelve (12) months following
         the date of termination of employment.

         4.5      AUTOMOBILE. Beginning as of the month in which the Bank
receives preliminary charter approval, the Employer will provide Executive with
an automobile allowance of $750 per month.

         4.6      BUSINESS EXPENSES; MEMBERSHIPS. The Employer specifically
agrees to reimburse the Executive for:

                  (a) reasonable and necessary business (including travel)
         expenses incurred by him in the performance of his duties hereunder, as
         approved by the Board of Directors of either the Bank or the Company;
         and

                  (b) beginning as of the Effective Date, the dues and business
         related expenditures, including initiation fees, associated with
         membership in a single civic

         association both as selected by the Executive and in professional
         associations which are commensurate with his position; provided,
         however, that the Executive shall, as a condition of reimbursement,
         submit verification of the nature and amount of such expenses in
         accordance with reimbursement policies from time to time adopted by the
         Employer and in sufficient detail to comply with rules and regulations
         promulgated by the Internal Revenue Service.

         4.7      VACATION. On a non-cumulative basis, the Executive shall be
entitled to four (4) weeks of vacation in each successive twelve-month period
during the Term, during which his compensation shall be paid in full.

         4.8      LIFE INSURANCE. The Employer will provide the Executive with
access to term life insurance coverage at competitive group rates at such time
as the Company develops a life plan for employees of the Company and/or Bank,
providing a death benefit of not less than $1,000,000, payable to such
beneficiary or beneficiaries as the Executive may designate.

                                       9

<PAGE>

         4.9      TAX PREPARATION SERVICES. The Employer will provide the
Executive with tax preparation services annually through a qualified accounting
firm of the Executive's choice at an annual cost not to exceed $2,500.

         4.10     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 executives of the Bank similarly situated to the
Executive. All such benefits shall be awarded and administered in accordance
with the Bank's standard policies and practices. Such benefits may include, by
way of example only, profit-sharing plans, retirement or investment funds,
dental, health, life and disability insurance benefits and such other benefits
as the Bank deems appropriate.

         4.11     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.

5.       COMPANY INFORMATION.

         5.1      OWNERSHIP OF COMPANY INFORMATION. All Company Information
received or developed by the Executive while 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 Company Information in strictest confidence;

                  (b) not to use, duplicate, reproduce, distribute, disclose or
         otherwise disseminate Company Information or any physical embodiments
         of Company Information; and

                  (c) in any event, not to take any action causing or fail to
         take any action necessary in order to prevent any Company Information
         from losing its character or ceasing to qualify as Confidential
         Information or a Trade Secret.

In the event that the Executive is required by law to disclose any Company
Information, the Executive will not make such disclosure unless (and then only
to the extent that) the Executive has been advised by independent legal counsel
that such disclosure is required by law and then only after prior written notice
is given to the Company when the Executive becomes aware that such disclosure
has been requested and is required by law. This Section 5 shall survive for a
period of twelve (12) months 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 termination of his employment with the Employer,
the Executive will promptly deliver to the Employer all property belonging to
the Employer, including, without limitation, all Company Information then in his
possession or control. The Executive agrees that the covenant

                                       10

<PAGE>

contained in Section 5 of this Agreement are of the essence of this Agreement;
that the covenant is reasonable and necessary to protect the business, interests
and properties of the Employer.

6.       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.

7.       NO SET-OFF BY THE EXECUTIVE. The existence of any claim, demand, action
or cause of action by the Executive against the Employer, or any Affiliate of
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.

8.       NOTICE. All notices and other communications required or permitted
under this Agreement shall be in writing and, if mailed by prepaid first-class
mail or certified mail, return receipt requested, shall be deemed to have been
received on the earlier of the date shown on the receipt or three (3) business
days after the postmarked date thereof. In addition, notices hereunder may be
delivered by hand or overnight courier, in which event the notice shall be
deemed effective when delivered. All notices and other communications under this
Agreement shall be given to the parties hereto at the following addresses:

                  (i)  If to the Employer, to it at:

                       -----------------------------------------
                       -----------------------------------------
                       -----------------------------------------

                  (ii) If to the Executive, to him at:

                       812 Jones Parkway
                       Brentwood, TN  37027

9.       ASSIGNMENT. Neither party hereto may assign or delegate this Agreement
or any of its rights and obligations hereunder without the written consent of
the other party to this Agreement.

10.      WAIVER. A waiver by one party to this Agreement of any breach of this
Agreement by the 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.

11.      ARBITRATION. Any controversy or claim arising out of or relating to
this contract, or the breach thereof, shall be settled by binding arbitration in
accordance with the Commercial Arbitration Rules of the American Arbitration
Association. Judgment upon the award rendered by

                                       11

<PAGE>

the arbitrator may be entered only in a state court of Tennessee or the federal
court for the Middle District of Tennessee. The Employer and the Executive agree
to share equally the fees and expenses associated with the arbitration
proceedings.

12.      ATTORNEYS' FEES. In the event that the parties have complied with this
Agreement with respect to arbitration of disputes and litigation ensues between
the parties concerning the enforcement of an arbitration award, the party
prevailing in such litigation shall be entitled to receive from the other party
all reasonable costs and expenses, including without limitation attorneys' fees,
incurred by the prevailing party in connection with such litigation, and the
other party shall pay such costs and expenses to the prevailing party promptly
upon demand by the prevailing party.

13.      APPLICABLE LAW. This Agreement shall be construed and enforced under
and in accordance with the laws of the State of Tennessee.

14.      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.

15.      ENTIRE AGREEMENT. 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 both parties. All
prior understandings and agreements relating to the subject matter of this
Agreement, including, but not limited to, that certain employment agreement
between the Bank and the Executive previously signed by the parties and also
dated as of March 1, 2000, are hereby expressly terminated and superseded.

16.      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.

17.      SURVIVAL. The obligations of the Executive pursuant to Section 5 shall
survive the termination of the employment of the Executive hereunder for the
period designated under each of those respective sections.

18.      JOINT AND SEVERAL. The obligations of the Bank and the Company to
Executive hereunder shall be joint and several.

                  [Remainder of Page Intentionally Left Blank]

                                       12

<PAGE>

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

                              THE BANK:

                              PINNACLE NATIONAL BANK (PROPOSED)

                              By:
                                 -----------------------------------------------
                              Print Name:       HUGH M. QUEENER
                                         ---------------------------------------
                              Title: SECRETARY, CHIEF ADMINISTRATION OFFICER
                                    --------------------------------------------

                              THE COMPANY:

                              PINNACLE FINANCIAL PARTNERS, INC.

                              By:
                                 -----------------------------------------------
                              Print Name:       HUGH M. QUEENER
                                         ---------------------------------------
                              Title: SECRETARY, CHIEF ADMINISTRATION OFFICER
                                    --------------------------------------------

                              THE EXECUTIVE:

                              --------------------------------------------------
                              MICHAEL TERRY TURNER

                                       13

<PAGE>

                                    EXHIBIT A

                         INITIAL DUTIES OF THE EXECUTIVE

                                   PRESIDENT/
                             CHIEF EXECUTIVE OFFICER

FUNCTION:

Has overall responsibility for the leadership of the organization in all aspects
of its activities to insure safety and soundness, maximize return to the
shareholders, and meet the needs of its various constituencies (shareholders,
Board of Directors, customers, employees, regulators, and communities).

PRINCIPAL ACCOUNTABILITIES:

1.       Develops and implements the overall business strategy of the bank, its
         culture and mission statement. Responsible for the planning,
         implementation and control of long-term and short-term goals, as well
         as strategic plans.

2.       Provides leadership and direction in establishing, implementing,
         monitoring, and achieving the annual business plan.

3.       Oversees employee selection, training, professional development and
         performance at all levels within the bank. Ensures each employee has
         clarity of job responsibilities and defined standards and goals.

4.       Provides leadership in establishing overall policies and procedures
         such as credit policy, investment policy, risk tolerance levels, and
         operational procedures.

5.       Works closely with the Chief Administrative Officer to insure
         appropriate financial reporting and that proper accounting procedures
         are utilized.

6.       Works closely with the Senior Lending Officer/Senior Credit Officer to
         monitor quality of loan portfolio and that loans comply with the Bank's
         lending policy.

7.       Provides active leadership in the development and implementation of an
         effective CRA program including active involvement in ascertaining the
         communities' credit needs.

8.       Originates and approves loans, acting within the approved loan limits
         and guidelines approved by the Board of Directors.

9.       Participates actively in community and civic activities so as to create
         a positive public perception of the bank. Also, to be actively involved
         in business development activities to solicit and maintain sufficient
         business to meet and/or exceed established goals.

<PAGE>

10.      Responsible for maintaining sound relationships with the various
         regulatory agencies and managing the bank to meet or exceed all
         regulatory guidelines.<PAGE>

                                                                   EXHIBIT 10.16

                          INCENTIVE STOCK OPTION AWARD
                PURSUANT TO THE PINNACLE FINANCIAL PARTNERS, INC.
                            2000 STOCK INCENTIVE PLAN

         THIS AWARD is made as of the Grant Date by PINNACLE FINANCIAL PARTNERS,
INC. (the "Company") to_____________________________________ (the "Optionee").

         Upon and subject to the Terms and Conditions attached hereto and
incorporated herein by reference, the Company hereby awards as of the Grant Date
to Optionee an incentive stock option (the "Option"), as described below, to
purchase the Option Shares.

         A.       Grant Date: _________________________.

         B.       Type of Option: Incentive Stock Option.

         C.       Plan under which granted: Pinnacle Financial Partners, Inc.
                  2000 Stock Incentive Plan.

         D.       Option Shares: All or any part of __________shares of the
                  Company's $1.00 par value common stock (the "Common Stock"),
                  subject to adjustment as provided in the attached Terms and
                  Conditions.

         E.       Exercise Price: $________ per share, subject to adjustment as
                  provided in the attached Terms and Conditions. The Exercise
                  Price is, in the judgment of the Committee, not less than 100%
                  of the Fair Market Value of a share of Common Stock on the
                  Grant Date or, in the case of an Over 10% Owner, not less than
                  110% of the Fair Market Value of a share of Common Stock on
                  the Grant Date.

         F.       Option Period: The Option may be exercised only during the
                  Option Period which commences on the Grant Date and ends,
                  generally, on the earliest of (a) the tenth (10th) anniversary
                  of the Grant Date (unless the Optionee is an Over 10% Owner,
                  in which case the fifth (5th) anniversary of the Grant Date);
                  (b) ninety (90) days following the date the Optionee ceases to
                  be an employee of the Company (including any Parent or
                  Subsidiary) except as provided under clause (c); or (c) one
                  (1) year following the date the Optionee ceases to be an
                  employee of the Company (including any Parent or Subsidiary)
                  due to death, Disability or retirement on or after reaching
                  age fifty-five (55); provided that the Option may be exercised
                  as to no more than the vested Option Shares, determined
                  pursuant to the Vesting Schedule. NOTE THAT OTHER LIMITATIONS
                  TO EXERCISING THE OPTION, AS DESCRIBED IN THE ATTACHED TERMS
                  AND CONDITIONS, MAY APPLY.

         G.       Vesting Schedule: The Option Shares shall become vested in
                  accordance with Schedule 1 hereto.

         IN WITNESS WHEREOF, the Company has executed and sealed this Award as
of the Grant Date set forth above.

                                               PINNACLE FINANCIAL PARTNERS, INC.

                                      By:
                                          -------------------------------------

                                     Title:
                                          -------------------------------------

<PAGE>

                              TERMS AND CONDITIONS
                                     TO THE
                          INCENTIVE STOCK OPTION AWARD
                PURSUANT TO THE PINNACLE FINANCIAL PARTNERS, INC.
                            2000 STOCK INCENTIVE PLAN

         1.       EXERCISE OF OPTION. Subject to the provisions provided herein
or in the Award made pursuant to the Pinnacle Financial Partners, Inc. 2000
Stock Incentive Plan:

                  (a)      the Option may be exercised with respect to all or
         any portion of the vested Option Shares at any time during the Option
         Period by the delivery to the Company, at its principal place of
         business, of a written notice of exercise in substantially the form
         attached hereto as Exhibit 1, which shall be actually delivered to the
         Company no earlier than thirty (30) days and no later than ten (10)
         days prior to the date upon which Optionee desires to exercise all or
         any portion of the Option; and

                  (b)      payment to the Company of the Exercise Price
         MULTIPLIED BY the number of Option Shares being purchased (the
         "Purchase Price") as provided in Section 2.

                  (c)      Notwithstanding any other provision of this
         Agreement, in the event that the capital of the Bank falls below the
         minimum requirements determined by the primary Federal regulator of the
         Bank (the "Regulator"), the Regulator may direct the Company to require
         the Optionee to exercise, or otherwise forfeit, the Option in whole or
         in part. If the Regulator gives such direction, the Company will notify
         the Optionee within forty-five (45) days from the date the Regulator
         notifies the Company or the Bank in writing that the Optionee must
         exercise, or otherwise forfeit, the Option in whole or in part. If the
         Optionee does not exercise the Option in accordance with the Company's
         direction within twenty-one (21) days of the Company's notification to
         the Optionee, the Committee may provide for the cancellation of the
         Option.

Upon acceptance of such notice and receipt of payment in full of the Purchase
Price, the Company shall cause to be issued a certificate representing the
Option Shares purchased.

         2.       PURCHASE PRICE. Payment of the Purchase Price for all Option
Shares purchased pursuant to the exercise of an Option shall be made in cash,
certified check or if and when the Common Stock becomes traded by brokers,
whether on a national securities exchange or otherwise, by receipt of the
Purchase Price in cash from a broker, dealer or other "creditor" as defined by
Regulation T issued by the Board of Governors of the Federal Reserve System
following delivery by the Optionee to the Committee of instructions in a form
acceptable to the Committee regarding delivery to such broker, dealer or other
creditor of that number of Option Shares with respect to which the Option is
exercised.

         3.       RIGHTS AS SHAREHOLDER. Until the stock certificates reflecting
the Option Shares accruing to the Optionee upon exercise of the Option are
issued to the Optionee, the Optionee shall have no rights as a shareholder with
respect to such Option Shares. The Company shall make no adjustment for any
dividends or distributions or other rights on or with respect to Option Shares
for

                                       2
<PAGE>

which the record date is prior to the issuance of that stock certificate,
except as the Plan or the attached Award otherwise provides.

         4.       RESTRICTION ON TRANSFER OF OPTION AND OF OPTION SHARES. The
Option evidenced hereby is nontransferable other than by will or the laws of
descent and distribution and shall be exercisable during the lifetime of the
Optionee only by the Optionee (or in the event of his Disability, by his
personal representative) and after his death, only by his legatee or the
executor of his estate.

         5.       CHANGES IN CAPITALIZATION.

                  (a)      If the number of shares of Common Stock shall be
         increased or decreased by reason of a subdivision or combination of
         shares of Common Stock, the payment of a stock dividend in shares of
         Common Stock or any other increase or decrease in the number of shares
         of Common Stock outstanding effected without receipt of consideration
         by the Company, an appropriate adjustment shall be made by the
         Committee, in a manner determined in its sole discretion, in the number
         and kind of Option Shares and in the Exercise Price.

                  (b)      If the Company shall be the surviving corporation in
         any merger consolidation, extraordinary dividend (including spin-off)
         recapitalization, reclassification of shares or similar reorganization,
         the Optionee shall be entitled to purchase the number and class of
         securities to which a holder of the number of shares of Common Stock
         subject to the Option at the time of the transaction would have been
         entitled to receive as a result of such transaction, and a
         corresponding adjustment, where appropriate, shall be made in the
         Exercise Price. In the event of a Change in Control or other corporate
         transaction pursuant to which the Company is not the surviving entity,
         the Committee may provide for the assumption of the Option by the
         surviving entity or the substitution of a new option, adjusted in a
         manner similar to that contemplated by the immediately preceding
         sentence; however, if the surviving entity does not agree to the
         assumption or substitution of the Option, the Committee may elect to
         terminate the Option Period as of the effective date of the Change in
         Control in consideration of the payment to the Optionee of the sum of
         the difference between the then aggregate Fair Market Value of the
         Common Stock and the aggregate Exercise Price for each Option Share
         which has not been exercised as of the effective date of the Change in
         Control. A dissolution or liquidation of the Company shall cause the
         Option to terminate as to any portion thereof not exercised as of the
         effective date of the dissolution or liquidation.

                  (c)      The existence of the Plan and the Option granted
         pursuant to this Agreement shall not affect in any way the right or
         power of the Company to make or authorize any adjustment,
         reclassification, reorganization or other change in its capital or
         business structure, any merger or consolidation of the Company, any
         issue of debt or equity securities having preferences or priorities as
         to the Common Stock or the rights thereof, the dissolution or
         liquidation of the Company, any sale or transfer of all or any part of
         its business or assets, or any other corporate act or proceeding. Any
         adjustment pursuant to this Section may provide, in the Committee's
         discretion, for the elimination without payment therefor of any
         fractional shares that might otherwise become subject to any Option.

         6.       SPECIAL LIMITATION ON EXERCISE. No purported exercise of the
Option shall be effective without the approval of the Committee, which may be
withheld to the extent that the

                                       3
<PAGE>

exercise, either individually or in the aggregate together with the exercise of
other previously exercised stock options and/or offers and sales pursuant to any
prior or contemplated offering of securities, would, in the sole and absolute
judgment of the Committee, require the filing of a registration statement with
the United States Securities and Exchange Commission or with the securities
commission of any state. If a registration statement is not in effect under the
Securities Act of 1933 or any applicable state securities law with respect to
shares of Common Stock purchasable or otherwise deliverable under the Option,
the Optionee (a) shall deliver to the Company, prior to the exercise of the
Option or as a condition to the delivery of Common Stock pursuant to the
exercise of an Option exercise, such information, representations and warranties
as the Company may reasonably request in order for the Company to be able to
satisfy itself that the Option Shares are being acquired in accordance with the
terms of an applicable exemption from the securities registration requirements
of applicable federal and state securities laws and (b) shall agree that the
shares of Common Stock so acquired will not be disposed of except pursuant to an
effective registration statement, unless the Company shall have received an
opinion of counsel that such disposition is exempt from such requirement under
the Securities Act of 1933 and any applicable state securities law.

         7.       LEGEND ON STOCK CERTIFICATES. Certificates evidencing the
Option Shares, to the extent appropriate at the time, shall have noted
conspicuously on the certificates a legend intended to give all persons full
notice of the existence of the conditions, restrictions, rights and obligations
set forth herein and in the Plan.

         8.       GOVERNING LAWS. This Award and the Terms and Conditions shall
be construed, administered and enforced according to the laws of the State of
Tennessee.

         9.       SUCCESSORS. This Award and the Terms and Conditions shall be
binding upon and inure to the benefit of the heirs, legal representatives,
successors and permitted assigns of the Optionee and the Company.

         10.      NOTICE. Except as otherwise specified herein, all notices and
other communications under this Award shall be in writing and shall be deemed to
have been given if personally delivered or if sent by registered or certified
United States mail, return receipt requested, postage prepaid, addressed to the
proposed recipient at the last known address of the recipient. Any party may
designate any other address to which notices shall be sent by giving notice of
the address to the other parties in the same manner as provided herein.

         11.      SEVERABILITY. In the event that any one or more of the
provisions or portion thereof contained in the Award and these Terms and
Conditions shall for any reason be held to be invalid, illegal or unenforceable
in any respect, the same shall not invalidate or otherwise affect any other
provisions of the Award and these Terms and Conditions, and the Award and these
Terms and Conditions shall be construed as if the invalid, illegal or
unenforceable provision or portion thereof had never been contained herein.

         12.      ENTIRE AGREEMENT. Subject to the terms and conditions of the
Plan, the Award and the Terms and Conditions express the entire understanding of
the parties with respect to the Option.

                                       4
<PAGE>

         13.      VIOLATION. Any transfer, pledge, sale, assignment, or
hypothecation of the Option or any portion thereof shall be a violation of the
terms of the Award or these Terms and Conditions and shall be void and without
effect.

         14.      HEADINGS AND CAPITALIZED TERMS. Section headings used herein
are for convenience of reference only and shall not be considered in construing
the Award or these Terms and Conditions. Capitalized terms used, but not
defined, in either the Award or the Terms and Conditions shall be given the
meaning ascribed to them in the Plan.

         15.      SPECIFIC PERFORMANCE. In the event of any actual or threatened
default in, or breach of, any of the terms, conditions and provisions of the
Award and these Terms and Conditions, the party or parties who are thereby
aggrieved shall have the right to specific performance and injunction in
addition to any and all other rights and remedies at law or in equity, and all
such rights and remedies shall be cumulative.

         16.      NO RIGHT TO CONTINUED RETENTION. Neither the establishment of
the Plan nor the award of Option Shares hereunder shall be construed as giving
the Optionee the right to continued employment with the Company or any
affiliate.

         17.      QUALIFIED STATUS OF OPTION. In accordance with Section 2.4 of
the Plan, the aggregate Fair Market Value (determined as of the date an
Incentive Stock Option is granted) of the Option Shares which become exercisable
for the first time by an individual during any calendar year shall not exceed
$100,000. If the foregoing limitation is exceeded with respect to any portion of
the Option Shares, that portion of the Option Shares which cause the limitation
to be exceeded shall be treated as a Non-Qualified Stock Option. In addition, if
any portion of the Option is exercised by the Optionee more than three (3)
months following the date the Optionee terminates employment due to retirement
on or after reaching age fifty-five (55), that portion of the Option shall be
treated as a Non-Qualified Stock Option.

                                       5
<PAGE>

                                    EXHIBIT 1
                                    ---------

                              NOTICE OF EXERCISE OF
                            STOCK OPTION TO PURCHASE
                                 COMMON STOCK OF
                        PINNACLE FINANCIAL PARTNERS, INC.

                                                     Name______________________
                                                     Address___________________
                                                     Date______________________

Pinnacle Financial Partners, Inc.
3401 West End Avenue, Suite 306
Nashville, TN  37203

Re:      Exercise of Incentive Stock Option

Gentlemen:

         Subject to acceptance hereof by Pinnacle Financial Partners, Inc. (the
"Company") and pursuant to the provisions of the Pinnacle Financial Partners,
Inc. 2000 Stock Incentive Plan (the "Plan"), I hereby give notice of my election
to exercise options granted to me to purchase ______________ shares of Common
Stock of the Company under the Incentive Stock Option Award (the "Award") dated
as of ____________. The purchase shall take place as of __________, 200__ (the
"Exercise Date").

         On or before the Exercise Date, I will pay the applicable purchase
price as follows:

                [  ]       by delivery of cash or a certified check for
                           $___________ for the full purchase price payable to
                           the order of Pinnacle Financial Partners, Inc.

                [  ]       by delivery of the purchase price by
                           _________________________, a broker, dealer or other
                           "creditor" as defined by Regulation T issued by the
                           Board of Governors of the Federal Reserve System. I
                           hereby authorize the Company to issue a stock
                           certificate for the number of shares indicated above
                           in the name of said broker, dealer or other creditor
                           or its nominee pursuant to instructions received by
                           the Company and to deliver said stock certificate
                           directly to that broker, dealer or other creditor (or
                           to such other party specified in the instructions
                           received by the Company from the broker, dealer or
                           other creditor) upon receipt of the purchase price.

                            Exhibit 1 - Page 1 of 3
<PAGE>

         As soon as the stock certificate is registered in my name, please
deliver it to me at the above address.

         If the Common Stock being acquired is not registered for issuance to
and resale by the Optionee pursuant to an effective registration statement on
Form S-8 (or successor form) filed under the Securities Act of 1933, as amended
(the "1933 Act"), I hereby represent, warrant, covenant, and agree with the
Company as follows:

         The shares of the Common Stock being acquired by me will be acquired
         for my own account without the participation of any other person, with
         the intent of holding the Common Stock for investment and without the
         intent of participating, directly or indirectly, in a distribution of
         the Common Stock and not with a view to, or for resale in connection
         with, any distribution of the Common Stock, nor am I aware of the
         existence of any distribution of the Common Stock;

         I am not acquiring the Common Stock based upon any representation, oral
         or written, by any person with respect to the future value of, or
         income from, the Common Stock but rather upon an independent
         examination and judgment as to the prospects of the Company;

         The Common Stock was not offered to me by means of publicly
         disseminated advertisements or sales literature, nor am I aware of any
         offers made to other persons by such means;

         I am able to bear the economic risks of the investment in the Common
         Stock, including the risk of a complete loss of my investment therein;

         I understand and agree that the Common Stock will be issued and sold to
         me without registration under any state law relating to the
         registration of securities for sale, and will be issued and sold in
         reliance on the exemptions from registration under the 1933 Act,
         provided by Sections 3(b) and/or 4(2) thereof and the rules and
         regulations promulgated thereunder;

         The Common Stock cannot be offered for sale, sold or transferred by me
         other than pursuant to: (A) an effective registration under the 1933
         Act or in a transaction otherwise in compliance with the 1933 Act; and
         (B) evidence satisfactory to the Company of compliance with the
         applicable securities laws of other jurisdictions. The Company shall be
         entitled to rely upon an opinion of counsel satisfactory to it with
         respect to compliance with the above laws;

         The Company will be under no obligation to register the Common Stock or
         to comply with any exemption available for sale of the Common Stock
         without registration or filing, and the information or conditions
         necessary to permit routine sales of securities of the Company under
         Rule 144 under the 1933 Act are not now available and no assurance has
         been given that it or they will become available. The Company is under
         no obligation to act in any manner so as to make Rule 144 available
         with respect to the Common Stock;

         I have and have had complete access to and the opportunity to review
         and make copies of all material documents related to the business of
         the Company, including, but not limited to, contracts, financial
         statements, tax returns, leases, deeds and other books and records. I
         have

                            Exhibit 1 - Page 2 of 3
<PAGE>

         examined such of these documents as I wished and am familiar with the
         business and affairs of the Company. I realize that the purchase of the
         Common Stock is a speculative investment and that any possible profit
         therefrom is uncertain;

         I have had the opportunity to ask questions of and receive answers from
         the Company and any person acting on its behalf and to obtain all
         material information reasonably available with respect to the Company
         and its affairs. I have received all information and data with respect
         to the Company which I have requested and which I have deemed relevant
         in connection with the evaluation of the merits and risks of my
         investment in the Company;

         I have such knowledge and experience in financial and business matters
         that I am capable of evaluating the merits and risks of the purchase of
         the Common Stock hereunder and I am able to bear the economic risk of
         such purchase; and

         The agreements, representations, warranties and covenants made by me
         herein extend to and apply to all of the Common Stock of the Company
         issued to me pursuant to this Award. Acceptance by me of the
         certificate representing such Common Stock shall constitute a
         confirmation by me that all such agreements, representations,
         warranties and covenants made herein shall be true and correct at that
         time.

         I understand that the certificates representing the shares being
         purchased by me in accordance with this notice shall bear a legend
         referring to the foregoing covenants, representations and warranties
         and restrictions on transfer, and I agree that a legend to that effect
         may be placed on any certificate which may be issued to me as a
         substitute for the certificates being acquired by me in accordance with
         this notice. I further understand that capitalized terms used in this
         Notice of Exercise without definition shall have the meanings given to
         them in the Plan.

         Very truly yours,

         ___________________________________

AGREED TO AND ACCEPTED:

PINNACLE FINANCIAL PARTNERS, INC.

By:______________________________

Title:___________________________

Number of Shares
Exercised:_______________________

Number of Shares
Remaining:_______________________            Date:_________________________

                            Exhibit 1 - Page 3 of 3

<PAGE>

                                   SCHEDULE 1
                                VESTING SCHEDULE
                          INCENTIVE STOCK OPTION AWARD
                             ISSUED PURSUANT TO THE
                        PINNACLE FINANCIAL PARTNERS, INC.
                            2000 STOCK INCENTIVE PLAN

A.       The Option Shares shall become vested Option Shares following
         completion of the years of service as an employee of the Company or any
         Parent or Subsidiary as indicated in the schedule below.
<TABLE>
<CAPTION>

                  Percentage of Option Shares             Years of Service
                  Which are Vested Shares                 after the Grant Date
                  ----------------------------            ---------------------

                          <S>                                              <C>
                           20%                                              1
                           40%                                              2
                           60%                                              3
                           80%                                              4
                           100%                                             5

</TABLE>

B.       Notwithstanding Part A, in the event of a Change in Control prior to
         the third anniversary of the date the Bank opens for business (the
         "Opening Date"), the Option shall become vested as indicated in the
         following Vesting Schedule:
<TABLE>
<CAPTION>

                  Percentage of Option Shares            Years of Service
                  Which are Vested Shares                after the Opening Date
                  ---------------------------            ----------------------

                           <C>                                         <C>
                           33 1/3%                                     1
                           66 2/3%                                     2
                           100%                                        3
</TABLE>

C.       Notwithstanding Part A, in the event of a Change in Control subsequent
         to the third anniversary of the Opening Date, the Option will be fully
         vested as of a date determined by the Committee which is no less than
         thirty (30) days prior to the effective date of the Change in Control.

D.       For purposes of the Vesting Schedule, Optionee shall be granted a year
         of service for each twelve-consecutive-month period following the Grant
         Date and during which Optionee continues, at all times, as an employee
         of the Company or any Parent or Subsidiary.

                            Schedule 1 - Page 1 of 1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00014-of-00352.parquet"}]]