Document:

Stock Option Agreement with Charles Harper

 EXHIBIT NO. 10.18 
 STOCK OPTION AGREEMENT UNDER 
 McINTOSH BANCSHARES, INC. 
 1998 INCENTIVE STOCK OPTION PLAN 
 THIS
STOCK OPTION AGREEMENT (the “Agreement”) entered into this 20th day of October, 2005, between McINTOSH BANCSHARES, INC. (hereinafter called the “Company”), a bank holding company incorporated under the laws of the State of
Georgia, and CHARLES M. HARPER (hereinafter called the “Employee”), a salaried employee of the McINTOSH STATE BANK, a wholly-owned subsidiary of the Company (hereinafter called the “Bank”). 
 W I T N E S S E T H: 
 WHEREAS, on
October 20, 2005, the Company granted to the Employee the option hereinafter described pursuant to, subject to and upon the terms and conditions set forth in the 1998 Incentive Stock Option Plan of Company (hereinafter called the
“Plan”), and promptly thereafter notified the Employee of the grant of such option, and 
 WHEREAS, the Company and the Employee
desire to enter into this Agreement to reduce their agreement relating to the grant of the option to writing. 
 NOW, THEREFORE, in
consideration of the mutual covenants hereinafter set forth, the good and valuable services rendered by the Employee to the Bank in the past and to be rendered in the future, and for other good and valuable consideration, the receipt and sufficiency
of which the parties hereby acknowledge, the parties hereto, intending to be legally bound, agree as follows: 
 1. Grant of Option.
Pursuant to action of the Board of Directors of the Company, the Company does hereby irrevocably grant to the Employee, as a matter of separate agreement and not in lieu of salary or any other compensation for services, the right and option to
purchase one thousand one hundred thirty two (1,132) shares (the “Shares”) of the $2.50 par value common stock of the Company as authorized at the date hereof (the “Common Stock”) on the terms and conditions herein set forth
(hereinafter called the “Option”). 
 2. Purchase Price. The purchase price of the Shares of Common Stock per share subject
to the Option shall be Thirty Six and No/100 Dollars ($36.00) per share, the fair market value of the Common Stock on the date of grant. 
 3. Vesting of Option. 
 (a) Subject to the provisions of Paragraphs 3(c), 3(d), 3(e), 3(f) and 3(g) hereof, the Option to
purchase Shares shall become vested and may be exercised by said Employee as to the number of Shares and on or after the dates set out on the following schedule: 

			
	 Date
	  	Number of Shares
	 First anniversary of this Agreement
	  	227
	 Second anniversary of this Agreement
	  	227
	 Third anniversary of this Agreement
	  	226
	 Fourth anniversary of this Agreement
	  	226
	 Fifth anniversary of this Agreement
	  	226

  

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 All Options granted hereunder expire and are void unless exercised within ten (10) years of the date of grant (the
“Option Termination Date”). 
 (b) In the event of a Change in Control (as defined in section 7(c)(i) of the Plan), the Option
shall be fully vested and exercisable immediately as to all Common Stock granted under the Option; provided, such Change in Control transaction is executed during the period commencing as of the date of an agreement providing for such transaction
and ending as of the earlier of the expiration date of such Option or the date on which the disposition of assets or stock contemplated by such agreement is consummated. Provided, however, if such Employee should breach any covenant regarding
proprietary information or other protective covenants of an employment agreement with the Company or Bank following termination, then any Option granted hereunder but not exercised as of the date of such breach shall be immediately forfeited.

 (c) In the event that the employment of Employee with the Bank, Company or a subsidiary of the Company is terminated by reason of such
Employee’s death, any Options granted under this Agreement which have not vested as of the date of such Employee’s death shall immediately expire and shall become unexercisable on such date. All vested and exercisable Options granted under
this Agreement to such Employee shall be exercisable until the earlier of the Option Termination Date or the date twelve months after the date of such Employee’s death. Any such vested Option of a deceased Employee may be exercised prior to
their expiration only by a person or persons to whom such Employee’s Option rights pass by will or by the laws of descent and distribution. 
 (d) In the event that the employment of an Employee with the Bank, Company or a subsidiary of the Company is terminated by reason of such Employee’s permanent and total disability (as defined under Section 22(e)(3) of the Internal
Revenue Code), any Options which have not vested as of the date of such Employee’s termination of employment by reason of permanent and total disability shall immediately expire and shall become unexercisable on such date. All vested and
exercisable Options granted under pursuant to this Agreement to such Employee shall be exercisable until the earlier of the Option Termination Date or the date twelve months after the date of such Employee’s permanent and total disability.

 (e) In the event that the employment of an Employee with the Bank, Company or a subsidiary of the Company is terminated for cause (i.e.,
fraud, dishonesty or willful misconduct), all Options granted under this Agreement shall immediately expire and the Employee shall immediately forfeit all Options granted under this Agreement. 
  

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 (f) In the event that the employment of an Employee with the Bank, Company or a subsidiary of the Company
is terminated by reason of such Employee’s retirement, any Options which have not vested as of such Employee’s retirement date shall expire and become unexercisable on the earlier of the Option Termination Date or the date three months
after such Employee’s retirement date. All vested and exercisable Options granted under this Agreement to such Employee shall expire on the earlier of the Option Termination Date or the date three months after such Employee’s retirement
date. 
 (g) In the event that the employment of an Employee with the Bank, Company or a subsidiary of the Company terminates employment for
any reason other than for cause or retirement, death or permanent and total disability, any Options which have not vested as of such Employee’s termination date, shall expire and become unexercisable on the earlier of the Option Termination
Date or the Employee’s termination date. All vested and exercisable options as of such Employee’s termination date shall expire on the earlier of the Option Termination Date or 90 days after termination. A leave of absence approved in
writing by the Board shall not be deemed a termination of employment for purposes of this section, but no Option may be exercised during any such leave of absence. 
  

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 4. Exercise of Option. 
 (a) The Option shall be exercisable in whole, at any time, or in part, from time to time, during the term of the Option as to all or any of the Shares
then purchasable under the Option, except that an Option shall not be exercisable with respect to fractions of a share. The term of the Option shall be ten (10) years from the date hereof or such shorter period as is prescribed in Paragraphs
3(c), 3(d), 3(e), 3(f) and 3(g) hereof. Provided, however, if such Employee should breach any covenant regarding proprietary information or other protective covenants of an employment agreement with the Company or Bank following termination, then
any Option granted hereunder but not exercised as of the date of such breach shall be immediately forfeited. 
 (b) Except as provided in
said Paragraphs 3(c), 3(d), 3(e), 3(f) and 3(g), the Option shall not be exercisable unless the Employee shall, at the time of exercise, be an employee of the Bank, Company or a subsidiary of the Company. The holder of the Option shall have none of
the rights of a stockholder with respect to the Shares of Common Stock subject to the Option until such Shares shall have been issued to him upon the exercise of the Option. 
 (c) At the discretion of the Board of Directors the time within which the Options herein granted may be exercised may be accelerated. 
 (d) The entire Option Price shall be paid in cash at the time the Option is exercised or by delivery of shares of the Company owned by Optionee at the
market value of the shares at the time of exercise. 
 5. Nontransferability of Option. The Option shall not be transferable by the
Employee otherwise than by will or the laws of descent and distributions, and the Option is exercisable, during his lifetime, only by him. More particularly (but without limiting the generality of the foregoing), the Option may not be assigned,
transferred (except as aforesaid), pledged or hypothecated in any way (whether by operation of law or otherwise), and shall not be subject to execution, attachment or similar process. In the event of any attempted assignment, transfer, pledge,
hypothecation or other disposition of the Option contrary to the provisions hereof, or the levy of any attachment or similar process upon the Option, the Option shall be null and void and without effect. 
 6. Change of Common Stock. 
 (a) In
the event that the Common Stock of the Company, as presently constituted, shall be changed into or exchanged for a different number or kind of shares of stock or other securities of the corporation or of another kind of shares of stock or other
securities of the corporation or of another corporation (whether by reason of merger, consolidation, recapitalization, reclassification, split up, combination of shares, or otherwise) or if the number of such shares of stock shall be increased
through the payment of a stock dividend, then there shall be substituted for or added to each share of Common Stock of the Company which was theretofore appropriated, or which thereafter may be subject to an Option under the plan, the number and
kind of shares of stock or other securities into which each outstanding share of the Company shall be so changed or for which each such share shall be exchanged or to which each such share shall be entitled, as the case may be and the Option price
adjusted accordingly. Outstanding options shall also be appropriately amended by the Board as to price and other terms, as may be necessary to reflect the foregoing events. 
  

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 (b) If there shall be any other change in the number or kind of the outstanding shares of Common Stock of
the Company, or of any stock or other securities into which such stock shall have been changed, or for which it shall have been exchanged, and if the Board shall, in its sole discretion, determine that such change equitably requires an adjustment in
any option which was heretofore granted or which may thereafter be granted under the plan, then such adjustment shall be made in accordance with such determination. 
 (c) Fractional shares of Common Stock resulting from any adjustments in Options pursuant to this section shall be settled as the Board or Committee shall determine. The grant of an Option pursuant to the plan shall
not affect in any way the right or power of the Company to make adjustments, reclassifications, reorganization or changes or its capital or business structure, to merge, to consolidate, to dissolve, to liquidate or to sell or transfer all or any
parts of its business or assets. 
 7. Miscellaneous. 
 (a) This Option Agreement does not confer upon the Employee any right to continue in the employ of the Bank or of any parent corporation, nor does it interfere in any way with the right of the Bank or of any such
parent corporation to terminate the employment of the Employee at any time. 
 (b) Subject to the terms and conditions of this Agreement, the
Option may be exercised by written notice to the Company at its corporate headquarters in Jackson, Georgia, Attention: Secretary of McIntosh Bancshares, Inc. Such notice shall (a) state the election to exercise the Option and the number of
Shares in respect of which it is being exercised, and (b) be signed by the person or persons so exercising the Option or, in the event the Option is being exercised pursuant to Paragraph 3(c) hereof by any person or persons other than the
Employee, accompanied by appropriate proof of the right of such person or persons other than the Employee to exercise the Option. Such notice shall be accompanied by payment of the full purchase price of such Shares, in which event the Company shall
issue and deliver a certificate or certificates representing such Shares as soon as practicable after the notice is received. Payment of such purchase price shall be made by certified or bank cashier’s check payable to the order of
“McIntosh Bancshares, Inc.”. All Shares issued as provided herein will be fully paid and nonassessable. 
 (c) The Company shall at
all times during the term of this Option reserve and keep available such number of shares of Common Stock as will be sufficient to satisfy the requirements of this Option Agreement, shall pay all fees and expenses necessarily incurred by the Company
in connection with the issue of Shares pursuant hereto and will from time to time use its best efforts to comply with all laws and regulations which, in the opinion of counsel for the Company, shall be applicable thereto. 
 (d) The Option is effective as of the date hereof, but shall expire thirty (30) days after the date of grant if the Employee does not execute and
deliver a copy of this Option Agreement to the Company on or prior to that date. 
  

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 (e) Notwithstanding any other provision of this Agreement to the contrary, it is the intention that the
Option qualify as an “incentive stock option” under said Section 422 of the Code and the Option and this Agreement are also deemed to contain such other terms or conditions as may be necessary (and not contain any terms or conditions
inconsistent with said Section 422) so that the Option qualifies as an incentive stock option under said Section 422. 
 (f) As a
condition to the exercise of an Option, the Board may in its sole discretion, require the Employee to pay, in addition to the purchase price of the Shares covered by the Option, an amount in cash or shares equal to any federal, state and local taxes
that may be required to be withheld in connection with the exercise of such Option. 
 (g) Employee will promptly give the Company written
notice at its corporate headquarters, now in Jackson, Georgia, Attention: Secretary of McIntosh Bancshares, Inc., of any sale of any Shares purchased pursuant to the Option which is made within twelve months after the date of exercise of the Option
or twenty-four months from the date of grant. 
 (h) This Stock Option Agreement has been entered into pursuant to and shall be governed by
the laws of the State of Georgia. 
 IN WITNESS WHEREOF, the Company has caused this Option Agreement to be exercised by its duly authorized
officers, and the Employee has hereunto set his hand and affixed his seal, the day and year first above written. 
  

							
	“COMPANY”	 		  	“EMPLOYEE”
	McINTOSH BANCSHARES, INC.	 		  	
				
	BY:	 	 /s/ William K. Malone
	 		  	 /s/ Charles M. Harper

		 	WILLIAM K. MALONE, Chairman	 		  	CHARLES M. HARPER

  

 6Form of our Common Unit Certificate

 Exhibit 4.1 
 [Front of Certificate] 
 [LOGO] 
  
 Certificate Evidencing Common Units 
 Representing Limited Partner Interests in 
 Alliance Holdings GP, L.P. 
  

			
	 No.
                        
	 	                     Common Units

  
 In accordance with
Section 4.1 of the Amended and Restated Agreement of Limited Partnership of Alliance Holdings GP, L.P., as amended, supplemented or restated from time to time (the “Partnership Agreement”), Alliance Holdings GP, L.P., a
Delaware limited partnership (the “Partnership”), hereby certifies that
                                 (the “Holder”) is the
registered owner of Common Units representing limited partner interests in the Partnership (the “Common Units”) transferable on the books of the Partnership, in person or by duly authorized attorney, upon surrender of this
Certificate properly endorsed. The rights, preferences and limitations of the Common Units are set forth in, and this Certificate and the Common Units represented hereby are issued and shall in all respects be subject to the terms and provisions of,
the Partnership Agreement. Copies of the Partnership Agreement are on file at, and will be furnished without charge on delivery of written request to the Partnership at, the principal office of the Partnership located at 1717 South Boulder Avenue,
Tulsa, Oklahoma 74119. Capitalized terms used herein but not defined shall have the meanings given them in the Partnership Agreement. 
  
 The Holder, by accepting this Certificate, is deemed to have (i) requested admission as, and agreed to become, a Limited Partner and to have agreed
to comply with and be bound by and to have executed the Partnership Agreement, (ii) represented and warranted that the Holder has all right, power and authority and, if an individual, the capacity necessary to enter into the Partnership
Agreement, (iii) granted the powers of attorney provided for in the Partnership Agreement and (iv) made the waivers and given the consents and approvals contained in the Partnership Agreement. 
  
 THE HOLDER OF THIS SECURITY ACKNOWLEDGES FOR THE BENEFIT OF THE PARTNERSHIP
THAT THIS SECURITY MAY NOT BE SOLD, OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED IF SUCH TRANSFER WOULD (A) VIOLATE THE THEN APPLICABLE FEDERAL OR STATE SECURITIES LAWS OR RULES AND REGULATIONS OF THE SECURITIES AND EXCHANGE COMMISSION,
ANY STATE SECURITIES COMMISSION OR ANY OTHER GOVERNMENTAL AUTHORITY WITH JURISDICTION OVER SUCH TRANSFER, (B) TERMINATE THE EXISTENCE OR QUALIFICATION OF THE PARTNERSHIP UNDER THE LAWS OF THE STATE OF DELAWARE, OR (C) CAUSE THE PARTNERSHIP
TO BE TREATED AS AN ASSOCIATION TAXABLE AS A CORPORATION OR OTHERWISE TO BE TAXED AS AN ENTITY FOR FEDERAL INCOME TAX PURPOSES (TO THE EXTENT NOT ALREADY SO TREATED OR TAXED). ALLIANCE GP, LLC, THE GENERAL PARTNER OF THE PARTNERSHIP, MAY IMPOSE
ADDITIONAL RESTRICTIONS ON THE TRANSFER OF THIS SECURITY IF IT RECEIVES AN OPINION OF COUNSEL THAT SUCH RESTRICTIONS ARE NECESSARY TO AVOID A SIGNIFICANT RISK OF THE PARTNERSHIP BECOMING TAXABLE AS A CORPORATION OR OTHERWISE BECOMING TAXABLE AS AN
ENTITY FOR FEDERAL INCOME TAX PURPOSES. THE RESTRICTIONS SET FORTH ABOVE SHALL NOT PRECLUDE THE SETTLEMENT OF ANY TRANSACTIONS INVOLVING THIS SECURITY ENTERED INTO THROUGH THE FACILITIES OF ANY NATIONAL SECURITIES EXCHANGE ON WHICH THIS SECURITY IS
LISTED OR ADMITTED TO TRADING. 
  
 This Certificate shall not be
valid for any purpose unless it has been countersigned and registered by the Transfer Agent and Registrar. 
  

					
	 Dated:
                                
	  	Alliance Holdings GP, L.P.
			
	 Countersigned and Registered by:
	  	By:	  	 By: Alliance GP, LLC, its General Partner

			
	American Stock Transfer & Trust Company as Transfer Agent and Registrar	  	

By:	  	 
	 	  	 	  	

	 	  	 	  	 President

			
	 By:
	  	By:	  	 
	
	  	 	  	

			
	         Authorized Signature
	  	 	  	 Secretary

  
 [Reverse of
Certificate] 
  
 ABBREVIATIONS 
  
 The following abbreviations, when used in the inscription on the face of this
Certificate, shall be construed as follows according to applicable laws or regulations: 
  

					
	 TEN COM -
	  	as tenants in common	  	UNIF GIFT/TRANSFERS MIN ACT
	 TEN ENT -
	  	 as tenants by the entireties
	  	                      Custodian
                    

	 	  	 	  	     (Cust)                             (Minor)

	 JT TEN -
	  	 as joint tenants with right of
	  	 under Uniform Gifts/Transfers to

	 	  	 survivorship and not as
	  	 Minors Act (State)

	 	  	 tenants in common
	  	 

  
 Additional
abbreviations, though not in the above list, may also be used. 
  
 ASSIGNMENT OF COMMON UNITS OF 
 ALLIANCE HOLDINGS GP, L.P. 
  
 FOR VALUE RECEIVED,
                     hereby assigns, conveys, sells and transfers unto 
  

			
	
	  	

	 (Please print or typewrite name
 and address of assignee)
	  	 (Please insert Social Security or other
 identifying
number of assignee)

                     
Common Units representing limited partner interests evidenced by this Certificate, subject to the Partnership Agreement, and does hereby irrevocably constitute and appoint
                     as its attorney-in-fact with full power of substitution to transfer the same on the books of Alliance Holdings GP, L.P.

  

					
	 Date:

  
 THE SIGNATURE(S) MUST BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (BANKS,
STOCKBROKERS, SAVINGS AND LOAN ASSOCIATIONS AND CREDIT UNIONS WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM), PURSUANT TO S.E.C. RULE 17Ad-15
  

	  	NOTE:	  	 The signature to any endorsement hereon must correspond with the name as written upon the face of this Certificate in every particular, without
alteration, enlargement or change.
  

 (Signature)
  

 (Signature)

  
 No transfer of the
Common Units evidenced hereby will be registered on the books of the Partnership, unless the Certificate evidencing the Common Units to be transferred is surrendered for registration or transfer. 
  
 ASSIGNEE CERTIFICATION 
  
 Type of Entity (check one): 
  

					
	  ̈ Individual
	  	 ̈ Partnership	  	 ̈ Corporation
	  ̈ Trust
	  	 ̈ Other (specify)

					
		
	 Nationality (check one):
	  	 

					
	  ̈ U.S. Citizen, Resident or Domestic Entity
	  	 
	  ̈ Foreign Corporation
	  	 ̈ Non-resident Alien

  
 If
the U.S. Citizen, Resident or Domestic Entity is checked, the following certification must be completed: 
  
 Under Section 1445(e) of the Internal Revenue Code of 1986, as amended (the “Code”), the Partnership must withhold tax with respect to
certain transfers of property if a holder of an interest in the Partnership is a foreign person. To inform the Partnership that no withholding is required with respect to the undersigned Interestholder’s Interest in it, the undersigned hereby
certifies the following (or, if applicable, certifies the following on behalf of the Interestholder). 
  
 Complete either A or B: 
  
 A. Individual Interestholder 
  

	 	1.	I am not a non-resident alien for purposes of U.S. income taxation; 

  

	 	2.	My U.S. taxpayer identification number (social security number) is:
                                        
                             

	 	3.	My home address is
                                        
                                        
                                        
         

  
 B. Partnership, Corporation or Other Interestholder 
  

	 	1.	                                      
                           is not a foreign corporation, foreign partnership, foreign trust or foreign estate (as
those terms are defined in the Code and Treasury Regulations) 

  

	 	2.	The interestholder’s U.S. employer identification number is
                                        
                             

  

	 	3.	The interestholder’s office address and place of incorporation (if applicable) is
                                        
                         

  
 The interestholder agrees to notify the Partnership within sixty (60) days of the date the
Interestholder becomes a foreign person. 
  
 The
interestholder understands that this certificate may be disclosed to the Internal Revenue Service by the Partnership and that any false statement contained herein could be punishable by fine, imprisonment or both. 
  
 Under penalties of perjury, I declare that I have examined
this certification and to the best of my knowledge and belief it is a true, correct and complete and, if applicable, I further declare that I have authority to sign this document on behalf of: 
  

 Name of Interest holder

  

 Signature and
Date 
  

 Title
(if applicable) 
  
 Note: If the Assignee is a broker, dealer, bank, trust
company, clearing corporation, other nominee holder or an agent of any of the foregoing, and is holding for the account of any other person, this application should be completed by an officer thereof or, in the case of a broker or dealer, by a
registered representative who is a member of a registered national securities exchange or a member of the National Association of Securities Dealers, Inc. or, in the case of any other nominee holder, a person performing a similar function. If the
Assignee is a broker, dealer, bank, trust company, clearing corporation, other nominee owner or an agent of any of the foregoing, the above certification as to any person for whom the Assignee will hold the Common Units shall be made to the best of
Assignee’s knowledge. 
  

 2

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