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Exhibit 10.10

TEXAS CAPITAL BANCSHARES, INC.
AMENDED AND RESTATED 2006 EMPLOYEE STOCK PURCHASE PLAN
ARTICLE I
ESTABLISHMENT OF THE PLAN
    Texas Capital Bancshares, Inc. (hereinafter referred to as “Bancshares”) hereby adopts and establishes the Texas Capital Bancshares, Inc. Amended and Restated 2006 Employee Stock Purchase Plan (the “Plan”), effective January 1, 2021 (the “Effective Date”), upon the terms and conditions hereinafter stated.  The Plan was originally adopted and established by Bancshares, effective February 1, 2006.  This Plan amends and restates the Texas Capital Bancshares, Inc. 2006 Employee Stock Purchase Plan originally effective February 1, 2006 and as amended from time to time (the “Prior Plan”). 
ARTICLE II
PURPOSE OF THE PLAN
The purpose of the Plan is to provide employees of Bancshares and its Subsidiaries (together with Bancshares referred to herein as the “Company”) with an opportunity to purchase Common Stock of Bancshares.  It is the intention of the Company to have the Plan qualify as an “Employee Stock Purchase Plan” under Section 423 of the Code, and the Plan shall be interpreted in a manner that is consistent with that intent.  The provisions of the Plan shall, accordingly, be construed so as to extend and limit participation in a uniform and nondiscriminatory basis consistent with the requirements of Section 423 of the Code.
ARTICLE III
DEFINITIONS
(a)“Account” shall mean the bookkeeping account maintained by the Company, or by a record keeper on behalf of the Company, for a Participant pursuant to Article VII(a). 
(b)“Bancshares” shall have the meaning set forth in Article I. 
(c)“Board” shall mean the Board of Directors of Bancshares.
(d)“Claim” means any claim, liability or obligation of any nature, arising out of or relating to this Plan or an alleged breach of this Plan.
(e)“Code” shall mean the Internal Revenue Code of 1986, as amended.  References herein to any section of the Code shall also refer to any successor provision thereof.
(f)“Committee” shall mean the committee that may be appointed by the Board to administer this Plan pursuant to Article XIII.

(g)“Company” shall have the meaning set forth in Article II.
(h)“Common Stock” shall mean the common stock of Bancshares.
(i) “Compensation” shall mean an Eligible Employee’s regular earnings, overtime pay, and paid time off.  Compensation also includes any amounts contributed as salary reduction contributions to a plan qualifying under Section 401(a) of the Code.  Any other form of remuneration is excluded from Compensation, including (but not limited to) the following: commissions, incentive compensation, bonuses, prizes, awards, housing allowances, stock option exercises, stock appreciation rights, restricted stock exercises, performance awards, auto allowances, tuition reimbursement and other forms of imputed income.
(j)“Contributions” shall mean all bookkeeping amounts credited to the Account of a Participant pursuant to Article VII(a).
(k)“Corporate Transaction” means a merger, consolidation, acquisition of property or stock, separation, reorganization, or other corporate event described in Section 424 of the Code.
(l)“Designated Broker” means the financial services firm or other agent designated by the Company to maintain ESPP Share Accounts on behalf of Participants who have purchased shares of Common Stock under the Plan.
(m)“Disqualifying Disposition” shall have the meaning set forth in Article X(c).
(n)“Effective Date” shall mean the date set forth in the preamble to the Plan.
(o)“Employee” means any person who renders services to the Company as an employee pursuant to an employment relationship with such employer. 
(p)“Eligible Employee” means an Employee who is employed by Bancshares or a Subsidiary, other than an Employee (i) who has not as of the Grant Date completed at least 30 days of continuous fulltime employment with the Company, (ii) whose customary employment is for less than 20 hours per week, (iii) whose customary employment is for not more than five months in a calendar year; (iv) who immediately after an Option is granted, owns stock possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of Bancshares or a Subsidiary, computed in accordance with Section 423(b)(3) of the Code, or (v) who is an Ineligible Foreign Employee.  Notwithstanding the foregoing, the Committee may, in its sole discretion, exclude from participation in the Plan or any Offering, Employees who are “highly compensated employees” of the Company (within the meaning of Section 414(q) of the Code) by giving such employees written or electronic notice of ineligibility prior to the commencement of such Offering.
(q)“ESPP Share Account” means an account into which Shares purchased with accumulated payroll deductions at the end of an Offering Period are held on behalf of a Participant.
(r)“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 
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(s)“Exercise Date” shall mean, with respect to an Offering Period, the last Trading Day of that Offering Period.
(t)“Fair Market Value” shall mean the value of Bancshares’ Common Stock on a particular date as determined by the Committee in good faith; provided that, if the Common Stock is registered under Section 12 of the Exchange Act, the Fair Market Value of Bancshares’ Common Stock shall mean (i) the last reported sale price per share of Common Stock on such date, or (ii) in case no such sale takes place on such date, the average of the closing and asking prices, in either case as reported in the principal consolidated transaction reporting system with respect to securities listed or admitted to trading on a national securities exchange or included for quotation on the Nasdaq market, or (iii) if the Common Stock is not listed or admitted for trading or included for quotation, the last quote price, or (iv) if the Common Stock is not so quoted, the average of the high bid and low asked prices, in the over-the-counter market, as reported by the NASD Automatic Quotation System, or (v) if such system is no longer in use, the principal other automated quotations system that may then be in use, or (vi) if the Common Stock is not quoted by any such organization, the average of the closing bid and asked prices as furnished by a professional market maker making a market in the Common Stock as selected in good faith by the Committee.  If the relevant date is not a Trading Day, the determination shall be made as of the last Trading Day immediately prior to such date.  
(u)“Grant Date” shall mean the first Trading Day of each Offering Period.
(v)“Ineligible Foreign Employee” shall mean an Employee who is a citizen or resident of a jurisdiction outside of the United States (without regard to whether the Employee is also a citizen of the United States or is a resident alien (within the meaning of Section 7701(b)(1)(A) of the Code)) who is ineligible to participate in the Plan because (i) the grant of an Option under the Plan to such citizen or resident of the foreign jurisdiction is prohibited under the laws of such jurisdiction, or (ii) compliance with the laws of the foreign jurisdiction would cause the Plan to violate the requirements of Section 423 of the Code.
(w)“Offering Period” shall mean the sixconsecutive month period commencing on each January 1 and July 1, unless such other period is provided by the Committee in accordance with Article V.
(x)“Option” shall mean the stock option to acquire Shares granted to a Participant pursuant to Article VIII.
(y)“Option Price” shall mean the per Share exercise price of an Option as determined in accordance with Article VIII(b).
(z) “Participant” shall mean an Eligible Employee who has elected to participate in this Plan and who has filed a valid and effective Subscription Agreement to make Contributions pursuant to Article VI and has not withdrawn from the Plan or whose participation in the Plan is not terminated.
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(aa)“Plan” shall mean this Texas Capital Bancshares, Inc. Amended and Restated 2006 Employee Stock Purchase Plan, as amended from time to time.
(ab)“Reporting Participant” means a Participant who is subject to the reporting requirements of Section 16.
(ac)“Rule 16b3” shall mean Rule 16b3 promulgated under Section 16.
(ad)“Section 16” shall mean Section 16 of the Exchange Act.
(ae)“Share” shall mean a share of Common Stock.
(af)“Subscription Agreement” shall mean the written agreement (either hard copy or electronic) filed by an Eligible Employee with the Company pursuant to Article VI to participate in this Plan, to authorize a new level of payroll deductions, or to stop payroll deductions and withdraw from an Offering Period.
(ag)“Subsidiary” or “Subsidiaries” shall mean any present or future corporation(s) which (i) would be a “subsidiary corporation” of Bancshares as that term is defined in Section 424 of the Code and is (ii) designated as a participating employer in the Plan by the Committee.
(ah)“Trading Day” shall mean a day on which public trading of securities occurs and as reported in the principal consolidated reporting system referred to above, or if the Common Stock is not listed or admitted to trading on a national market securities exchange or included for quotation on the Nasdaq National Market, any business day.
ARTICLE IV
ELIGIBILITY
(a)    Any person who is an Eligible Employee as of the Grant Date of a given Offering Period shall be eligible to participate in such Offering Period under the Plan, subject to the requirements of Article VI and the limitations imposed by Section 423(b) of the Code.
(b)    All Eligible Employees granted any Option under this Plan shall have the same rights and privileges, provided, however; that an Eligible Employee shall not be deemed to have different rights and privileges merely because the amount of Common Stock that may be purchased by such Eligible Employee under the Plan is determined on the basis of a uniform relationship to the Eligible Employee’s Compensation, or the basic or regular rate of compensation of all employees.
(c)    Notwithstanding anything else contained herein, a person who is otherwise an Eligible Employee shall not be granted any Option or other right to purchase Shares under this Plan if (i) immediately after the grant of the Option, such Eligible Employee (or any other person whose stock would be attributed to such Eligible Employee pursuant to Section 424(d) of the Code) would own “stock” (as such term is defined for purposes of Section 423(b)(3) of the Code) of Bancshares or any Subsidiary or hold outstanding Options to purchase stock possessing 
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5% or more of the total combined voting power or value of all classes of stock of Bancshares or any Subsidiary, or (ii) such Option would permit such Eligible Employee’s rights to purchase Shares under the Plan (and under all employee stock purchase plans (described in Section 423 of the Code) of the Company) to accrue at a rate that exceeds $25,000 of the Fair Market Value (or such other maximum as may be prescribed from time to time by the Code) of such Shares (determined at the Grant Date of the Option) for each calendar year in which such Option is outstanding at any time, in accordance with the provisions of Section 423(b)(8) of the Code.
ARTICLE V
OFFERING PERIODS
    (a)    The Plan shall be implemented by a series of consecutive Offering Periods of six (6) months duration (or, such shorter duration as may be approved by the Committee), with new Offering Periods commencing on or about the first Trading Day following January 1 and July 1 of each year (or at such other time or times as may be determined by the Committee).  The Committee shall have the power to change the duration and/or the frequency of Offering Periods (subject to the limitations set forth in Section 423 of the Code) with respect to future offerings without stockholder approval.  Notwithstanding anything to the contrary contained herein, the Committee shall have the power to terminate an Offering Period at any time, even after the Offering Period has commenced, in the event it determines that continuance of the Offering Period would cause the Plan to violate any applicable law or the rules or requirements of any securities exchange or inter-dealer quotation system on which the Common Stock is listed or traded.  In the event the Committee terminates an Offering Period pursuant to this Article V, any Contributions for such Offering Period shall be refunded to the Participants for such Offering Period in cash, without interest, as soon as administratively practicable.
    (b)    An Employee who becomes eligible to participate in the Plan after an Offering Period has commenced shall not be eligible to participate in such Offering but may participate in any subsequent Offering, provided that such Employee is still an Eligible Employee as of the commencement of any such subsequent Offering Period. 
ARTICLE VI
PARTICIPATION
(a)    An Eligible Employee may become a Participant in this Plan by completing a Subscription Agreement on a form approved by and in a manner prescribed by the Committee.  To become effective, Subscription Agreements must be filed with the Committee (or such officer of the Company designated by the Committee) at least five days prior to the next occurring Grant Date, in accordance with the enrollment procedures established by the Committee and during an open trading window under, and otherwise in accordance with, the Company’s Confidentiality of Information and Securities Trading Policy and must set forth the percentage of the Eligible Employee’s Compensation (which shall not be less than 1% and not more than 10% of such Eligible Employee’s Compensation, in whole percentages only) to be credited to the Participant’s Account as Contributions for each pay period.  Participation in the Plan is entirely voluntary.  
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Subscription Agreements shall contain the Eligible Employee’s authorization and consent to the Company’s withholding from his or her Compensation the amount of his or her Contributions.  Payroll deductions shall commence on the first payroll date following the Grant Date and end on the last payroll date on or before the Exercise Date.
(b)    A Participant may change the level of his or her Contributions for the next occurring Offering Period by completing and filing with the Committee (or such officer designated by the Committee), in such form and on such terms as the Committee may prescribe, a new Subscription Agreement.  The Subscription Agreement must set forth the percentage of the Eligible Employee’s Compensation (which shall not be less than 1% and not more than 10% of such Eligible Employee’s Compensation) to be credited to the Participant’s Account as Contributions for each pay period.  Any such changes must be filed with the Committee (or such officer designated by the Committee) at least five days prior to the next occurring Grant Date, and during an open trading window under, and otherwise in accordance with, the Confidentiality of Information and Securities Trading Policy.  Such change shall be effective as of the next occurring Grant Date.  Any Subscription Agreement made pursuant to this Article VI(b) will revoke any then outstanding Subscription Agreement.
(c)    A Subscription Agreement shall automatically remain valid for subsequent Offering Periods unless the Participant (i) revokes a prior Subscription Agreement by filing a new Subscription Agreement pursuant to paragraph (b) above, (ii) withdraws participation pursuant to Article XI, or (iii) terminates employment or otherwise becomes ineligible to participate in the Plan.
ARTICLE VII
PAYMENT OF CONTRIBUTIONS
(a)    The Company shall maintain on its books, or cause to be maintained by a record keeper, an Account in the name of each Participant.  The percentage of Compensation elected to be applied as Contributions by a Participant shall be deducted from such Participant’s Compensation on each payday during the period for payroll deductions set forth below and such payroll deductions shall be credited to that Participant’s Account as soon as administratively practicable after such date.  A Participant may not make any additional payments to his or her Account.  A Participant’s Account shall be reduced by any amounts used to pay the Option Price of Shares acquired, or by any other amounts distributed pursuant to the terms hereof.
(b)    Payroll deductions with respect to an Offering Period shall commence as of the first day of the payroll period which coincides with or immediately follows the applicable Grant Date and shall end on the last day of the payroll period which coincides with or immediately precedes the applicable Exercise Date, unless sooner terminated by the Participant as provided in Article VI or the Committee as provided in Article V or until a Participant’s participation terminates pursuant to Article XI.
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ARTICLE VIII
GRANT OF OPTION
    (a)    On each Grant Date, each Eligible Employee who is a Participant during that Offering Period shall be granted an Option to purchase, on the applicable Exercise Date, a number of Shares determined by dividing the Participant’s Account balance as of the applicable Exercise Date by the Option Price.  
(b)    The Option Price per Share of the Shares subject to an Option shall be 95% of the Fair Market Value of a Share on the applicable Exercise Date of each Offering Period.  Notwithstanding the foregoing, the Committee may, in its sole discretion, prior to the Grant Date of an Offering Period, establish a different Option Price for such Option, provided that, in no event may the Option Price be less than 85% of the Fair Market Value of a Share on the Exercise Date of such Offering Period.
(c)    The maximum number of shares of Common Stock that any Participant may purchase during any Offering Period (subject to adjustment in accordance with Article XVIII and the limitations set forth in Article XXIV of the Plan) is an amount equal to $25,000 divided by the Fair Market Value of the Common Stock on the applicable Grant Date of such Offering Period; provided, however, no Participant shall be entitled to purchase shares of Common Stock under the Plan (or any other employee stock purchase plan that is intended to meet the requirements of Section 423 of the Code) at a rate that exceeds $25,000 in Fair Market Value, determined as of the Grant Date for each Offering Period (or such other limit as may be imposed by the Code), for each calendar year in which a Participant participates in the Plan (or any other employee stock purchase plan described in this Article VIII(c)).  The Company shall have the authority to take all necessary action, including but not limited to suspending the payroll deductions of any Participant, in order to ensure compliance with this Article VIII(c).
ARTICLE IX
EXERCISE OF OPTION
Unless a Participant’s participation is terminated as provided in Article XI, his or her Option to purchase Shares shall be exercised automatically on the Exercise Date for that Offering Period, without any further action on the Participant’s part, and the maximum number of Shares subject to such Option shall be purchased at the Option Price with the balance in such Participant’s Account. The Committee, in its discretion and prior to the applicable Offering Period, shall limit the purchase of fractional Shares under the Plan; provided that if any amount (which is not sufficient to purchase a whole Share) remains in a Participant’s Account after the exercise of his or her Option on the Exercise Date: (i) such amount shall be credited to such Participant’s Account for the next Offering Period, if he or she is then a Participant; or (ii) if such Participant is not a Participant in the next Offering Period (by earlier withdrawal by the Participant in accordance with Article XI or termination of employment in accordance with Article XII), such amount shall be refunded to such Participant as soon as administratively practicable after such date.
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ARTICLE X
DELIVERY OF SHARES; DESIGNATED BROKER
(a)    Subject to paragraph (b) below, as soon as administratively practicable after an Exercise Date, the Company shall electronically register the Shares purchased upon exercise of his or her Option in the name of such Participant.  No stock certificate or certificates shall be issued with respect to such Shares, unless, the Participant requests delivery of the certificate or certificates by submitting a written request to the Company (or such party designed by the Company) requesting delivery of the certificates.  The Company shall deliver the certificates requested by the Participant to the Participant as soon as administratively practicable following the Company’s receipt of such request.  
 (b)    If the Committee designates or approves a Designated Broker to hold shares purchased under the Plan for the accounts of Participants, the following procedures shall apply.  Promptly following each Exercise Date, the number of Shares purchased by each Participant shall be electronically deposited into an ESPP Share Account established in the Participant’s name with the Designated Broker. A Participant shall be free to undertake a disposition of the Shares in his or her ESPP Share Account at any time, but in the absence of such a disposition, the Shares must remain in the Participant’s ESPP Share Account at the Designated Broker until the holding period set forth in Section 423 of the Code (i.e., the later of one year from the Exercise Date and two years from the Grant Date for such Shares) has been satisfied. With respect to Shares for which the holding period set forth in Section 423 of the Code have been satisfied, the Participant may move those Shares to another brokerage account of the Participant’s choosing.  A Participant who is not subject to payment of U.S. income taxes may move his or her Shares to another brokerage account of his or her choosing at any time, without regard to the holding period set forth in Section 423 of the Code.
(c)    By entering the Plan, each Participant agrees to promptly give the Company notice of any Shares disposed of before the later of one year from the Exercise Date and two years from the Grant Date for such Shares (a “Disqualifying Disposition”), showing the number of such Shares disposed of and the Exercise Date and Grant Date for such Shares. This notice shall not be required if and so long as the Company has a Designated Broker and the provisions of paragraph (b) above apply.  A Disqualifying Disposition by a Participant shall not affect the status of any other Option granted under the Plan.
ARTICLE XI
WITHDRAWAL
(a)    A Participant may terminate his or her Contributions during an Offering Period by completing and filing with the Committee (or such officer designated by the Committee), in such form and on such terms as the Committee may prescribe, a written or electronic withdrawal form which shall be signed by the Participant, at least 15 days before the Exercise Date.  Such termination shall be effective as soon as administratively practicable after its receipt by the Committee (or such officer designated by the Committee).  The accumulated payroll deductions held on behalf of a Participant in such Participant’s Account (that have not been used to purchase 
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Shares) shall be paid to the Participant promptly following receipt of the Participant’s election to withdraw and the Participant’s Option shall be automatically terminated.  If a Participant withdraws from an Offering Period, no payroll deductions will be made during any succeeding Offering Period, unless the Participant re-enrolls in accordance with Article VI(a) of the Plan.
(b)    A Participant’s election to withdraw from an Offering Period will not have any effect upon such Participant’s eligibility to participate in succeeding Offering Periods that commence following the completion of the Offering Period from which the Participant withdraws, provided that the applicable eligibility and participation requirements are again met.  Such Participant must file a new Subscription Agreement to resume Plan participation in any succeeding Offering Period.
ARTICLE XII
TERMINATION OF EMPLOYMENT; CHANGE IN ELIGIBLE STATUS
(a)    Upon a Participant’s termination from employment with the Company for any reason or in the event that a Participant is no longer an Eligible Employee or if the Participant elects to terminate Contributions pursuant to Article VII, at any time prior to the last day of an Offering Period in which he or she participates, such Participant’s Account shall be paid to him or her in cash, or, in the event of such Participant’s death, paid to the person or persons entitled thereto under Article XIV, and such Participant’s Option for that Offering Period shall be automatically terminated.
(b)    A Participant’s termination of Plan participation precludes the Participant from again participating in this Plan during that Offering Period.  However, such termination shall not have any effect upon his or her ability to participate in any succeeding Offering Period, provided that the applicable eligibility and participation requirements are again met.  A Participant’s termination from Plan participation shall be deemed to be a revocation of that Participant’s Subscription Agreement and such Participant must file a new Subscription Agreement to resume Plan participation in any succeeding Offering Period.
(c)    For purposes of the Plan, the employment relationship shall be treated as continuing intact while the individual is on military leave, sick leave or other leave of absence approved by the Company that meets the requirements of Treasury Regulation Section 1.421-1(h)(2). Where the period of leave exceeds three months, or such other period of time specified in Treasury Regulation Section 1.421-1(h)(2), and the individual’s right to reemployment is not guaranteed either by statute or by contract, the employment relationship shall be deemed to have terminated on the first day immediately following such three-month period, or such other period specified in Treasury Regulation Section 1.421-1(h)(2).
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ARTICLE XIII
ADMINISTRATION
(a)    The Board, or such committee of the Board as is designated by the Board to administer the Plan (the “Committee”), shall supervise and administer the Plan and shall have full power to adopt, amend and rescind any rules deemed desirable and appropriate for the administration of the Plan and not inconsistent with the Plan, to construe and interpret the Plan, and to make all other determinations necessary or advisable for the administration of the Plan.  At any time that there is no Committee to administer the Plan, any references in this Plan to the Committee shall be deemed to refer to the Board.
(b)    If necessary to satisfy the requirements of Rule 16b-3, membership on the Committee shall be limited to those members of the Board who are “non-employee directors” as defined in Rule 16b3.  In the event no member of the Committee is a “non-employee director” as defined in Rule 16b3, the Committee may appoint one or more of the other members of the Board to the Committee who are “non-employee directors” as defined in Rule 16b3 in substitution for the current members of the Committee for purposes of satisfying the requirements of Rule 16b-3.  The Committee shall select one of its members to act as its Chairman.  A majority of the Committee shall constitute a quorum, and the act of a majority of the members of the Committee present at a meeting at which a quorum is present shall be the act of the Committee.
(c)    The Committee, in its discretion, shall (i) construe and interpret the Plan, provided that it shall interpret, construe, and administer the Plan in accordance with Section 423 of the Code and the regulations issued thereunder, (ii) prescribe, amend, and rescind any rules and regulations necessary or appropriate for the administration of the Plan, (iii) determine eligibility and adjudicate all disputed claims filed under the Plan, and (iv) take any other actions necessary or desirable for the administration of the Plan including, without limitation, adopting sub-plans applicable to particular Subsidiaries or locations, which sub-plans may be designed to be outside the scope of Section 423 of the Code. The Committee may correct any defect or supply any omission or reconcile any inconsistency or ambiguity in the Plan.  Any interpretation, determination, or other action made or taken by the Committee shall be final, binding, and conclusive on all interested parties.
(d)    The Committee may delegate to officers of the Company, pursuant to a written delegation, the authority to perform specified functions under the Plan.  Any actions taken by any officers of the Company pursuant to such written delegation of authority shall be deemed to have been taken by the Committee.  Notwithstanding the foregoing, to the extent necessary to satisfy the requirements of Rule 16b-3, any function relating to a Reporting Participant shall be performed solely by the Committee.
(e)    With respect to restrictions in the Plan that are based on the requirements of Rule 16b-3, Section 423 of the Code, the rules of any exchange or inter-dealer quotation system upon which the Company’s securities are listed or quoted, or any other applicable law, rule or restriction (collectively, “applicable law”), to the extent that any such restrictions are no longer required by applicable law, the Committee shall have the sole discretion and authority to grant 
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Options that are not subject to such mandated restrictions and/or to waive any such mandated restrictions with respect to outstanding Options.
(f)    All expenses of administering the Plan shall be borne by Bancshares.
ARTICLE XIV
DESIGNATION OF BENEFICIARY
    (a)    In the event of a Participant’s death, the Participant’s beneficiary for purposes of any Shares to be received under the Plan shall be the same beneficiary named under such Participant’s ESPP Share Account and for purposes of any cash to be received from such Participant’s Account under this Plan, shall be the same beneficiary eligible to receive any final wages to be paid by the Company following such Participant’s death.  If a Participant’s death occurs subsequent to the end of an Offering Period but prior to the delivery to him or her of any Shares deliverable under the terms of this Plan, such Shares and any remaining balance of such Participant’s Account shall be paid to such beneficiary (or such other person as set forth in Article XIV(b)) as soon as administratively practicable after the Committee (or such officer designated by the Committee) receives notice of such Participant’s death and any outstanding unexercised Option shall terminate.  For purposes of Section 423 and 421 of the Code, any Shares delivered pursuant to the immediately preceding sentence to the Participant’s beneficiary (or such other person as set forth in Article XIV(b)), shall be deemed to be transferred immediately to the Participant on the Participant’s death, and immediately thereafter, deemed to have been transferred by the Participant to the Participant’s beneficiary (or such other person as set forth in Article XIV(b)).  If a Participant’s death occurs at any other time, the balance of such Participant’s Account shall be paid to such beneficiary (or such other person as set forth in Article XIV(b)) in cash as soon as administratively practicable after the Committee (or such officer designated by the Committee) receives notice of such Participant’s death and such Participant’s Option shall terminate.  If a Participant is married and the designated beneficiary is not his or her spouse, spousal consent shall be required for such designation to be effective.
    (b)    If a Participant dies with no beneficiary under this Plan who is living at the time of such Participant’s death, the Company shall deliver all Shares and/or cash payable pursuant to the terms hereof to the executor or administrator of the estate of the Participant, or if no such executor or administrator has been appointed, the Committee, in its sole discretion, may deliver such Shares and/or cash to the spouse or to any one or more dependents or relatives of the Participant, or if no spouse, dependent or relative is known to the Committee, then to such other person as the Committee may designate.
ARTICLE XV
TRANSFERABILITY
Neither Contributions credited to a Participant’s Account nor any Options or rights with respect to the exercise of Options or right to receive Shares under this Plan may be anticipated, alienated, encumbered, assigned, transferred, pledged or otherwise disposed of in any way (other 
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than by will, the laws of descent and distribution, or as provided in Article XIV) by the Participant. Any such attempt at anticipation, alienation, encumbrance, assignment, transfer, pledge or other disposition shall be null and void and without effect and all amounts shall be paid and all shares shall be delivered in accordance with the provisions of this Plan.  Amounts payable or Shares deliverable pursuant to this Plan shall be paid or delivered only to the Participant or, in the event of the Participant’s death, to the Participant’s beneficiary pursuant to Article XIV.
ARTICLE XVI
ACCOUNTS; USE OF FUNDS; INTEREST
Bancshares shall maintain records of all Contributions for a Participant in a notional bookkeeping Account, and all Contributions from a Participant’s Compensation shall be credited to such Account but shall be deposited with the general assets of the Company, and no amounts will be held in trust.  All Contributions received or held by the Company under the Plan may be used by the Company for any corporate purpose, to the extent permitted by applicable law, and the Company shall not be required to segregate such payroll deductions or Contributions.  No interest will be paid to any Participant or credited to his or her Account under this Plan.
ARTICLE XVII
STATEMENTS
Statements shall be provided to Participants as soon as administratively practicable following an Exercise Date.  Each Participant’s statement shall set forth, as of such Exercise Date, the Participant’s Account balance immediately prior to the exercise of his or her Option, the Fair Market Value of a Share, the Option Price, the number of Shares purchased and his or her remaining Account balance, if any.
ARTICLE XVIII
ADJUSTMENTS OF AND CHANGES IN THE STOCK
    (a)    The following provisions will apply if any extraordinary dividend or other extraordinary distribution occurs in respect of the Shares (whether in the form of cash, Common Stock, other securities, or other property), or any reclassification, recapitalization, stock split (including a stock split in the form of a stock dividend), reverse stock split, reorganization, merger, combination, consolidation, splitup, spinoff, combination, repurchase, or exchange of Common Stock or other securities of Bancshares.  The Board will, in such manner and to such extent (if any) as it deems appropriate and equitable: (i) proportionately adjust any or all of: (A) the number and type of Shares (or other securities) that thereafter may be made the subject of Options; (B) the number, amount and type of Shares (or other securities or property) subject to any or all outstanding Options; (C) the Option Price of any or all outstanding Options; or (D) the securities, cash or other property deliverable upon exercise of any outstanding Options; or (ii) in the case of an extraordinary dividend or other distribution, recapitalization, reclassification, merger, reorganization, consolidation, combination, sale of assets, split up, exchange, or spin off, 
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make provision for the substitution, settlement, or exchange of any or all outstanding Options or the cash, securities or property deliverable to the holder of any or all outstanding Options based upon the distribution or consideration payable to holders of the Common Stock upon or in respect of such event.  In each case, no such adjustment will be made that would cause this Plan to violate Section 423 of the Code or any successor provisions.  In any of such events, the Committee may take such action sufficiently prior to such event if necessary to permit the Participant to realize the benefits intended to be conveyed with respect to the underlying shares in the same manner as is available to stockholders generally.
    (b)    Unless otherwise determined by the Committee, in the event of a proposed dissolution or liquidation of Bancshares, any Offering Period then in progress will be shortened by setting a new Exercise Date and the Offering Period will end immediately prior to the proposed dissolution or liquidation. The new Exercise Date will be before the date of Bancshares’ proposed dissolution or liquidation. Before the new Exercise Date, the Committee will provide each Participant with written notice, which may be electronic, of the new Exercise Date and that the Participant’s Option will be exercised automatically on such date, unless before such time, the Participant has withdrawn from the Offering in accordance with Article XI. 
    (c)    In the event of a Corporate Transaction, each outstanding Option will be assumed or an equivalent option substituted by the successor corporation or a parent or Subsidiary of such successor corporation. If the successor corporation refuses to assume or substitute the Option, the Offering Period with respect to which the Option relates will be shortened by setting a new Exercise Date on which the Offering Period will end. The new Exercise Date will occur before the date of the Corporate Transaction. Prior to the new Exercise Date, the Committee will provide each Participant with written notice, which may be electronic, of the new Exercise Date and that the Participant’s Option will be exercised automatically on such date, unless before such time, the Participant has withdrawn from the Offering in accordance with Article XI. 
ARTICLE XIX
AMENDMENT OR TERMINATION
    Subject to the provisions of Section 423 of the Code (or any other applicable law, regulation, or stock exchange rule), the Committee may, in its sole discretion, amend, suspend, or terminate the Plan for any reason and at any time without notice.  Stockholder approval for any amendment or modification shall not be required, except to the extent deemed necessary or advisable by the Committee or required by (i) any securities exchange or inter-dealer quotation system on which the Common Stock is listed or traded; (ii) Section 423 of the Code or (iii) any other applicable law.  Except as otherwise provided by Article XVIII, no amendment, modification, or termination pursuant to this Article shall, without the written consent of the Participants, affect in any manner materially adverse to the Participants any rights or benefits of such Participants or obligations of the Company under any Option granted under this Plan prior to the effective date of such change.  If the Plan is terminated, the Committee may elect to terminate all outstanding Offering Periods either immediately or once Shares have been purchased on the next Exercise Date (which may, in the discretion of the Committee, be accelerated) or permit Offering Periods to expire in accordance with their terms (and subject to 
        Page 13 of 17

any adjustment in accordance with Article XVIII).  If any Offering Period is terminated before its scheduled expiration, all amounts that have not been used to purchase Shares will be returned to Participants, without interest, as soon as administratively practicable.  Changes contemplated by this Article shall not be deemed to constitute changes or amendments requiring Participant consent.  Notwithstanding the foregoing, the Committee shall have the right to designate from time to time the Subsidiaries, if any, whose employees may be eligible to participate in this Plan and such designation shall not constitute any amendment to this Plan requiring stockholder approval.
ARTICLE XX
NOTICES
All notices or other communications by a Participant to the Company or the Committee contemplated by the Plan shall be deemed to have been duly given when received in the form and manner specified by the Committee at the location, or by the person, designated by the Committee for that purpose.
ARTICLE XXI
CONDITIONS UPON ISSUANCE OF SHARES
Shares shall not be issued with respect to an Option unless the exercise of such Option and the issuance and delivery of such Shares complies with all applicable provisions of law, domestic or foreign, including, without limitation, the Securities Act of 1933, as amended, the Exchange Act, any applicable state securities laws, the rules and regulations promulgated thereunder, and the requirements of any stock exchange upon which the Shares may then be listed.  As a condition precedent to the exercise of any Option, if, in the opinion of counsel for the Company such a representation is required under applicable law, the Company may require any person exercising such Option to represent and warrant that the Shares subject thereto are being acquired only for investment and without any present intention to sell or distribute such Shares.
ARTICLE XXII
PLAN CONSTRUCTION
    It is the intent of the Company that transactions in and affecting Options in the case of Participants who are or may be subject to the prohibitions of Section 16 satisfy any then applicable requirements of Rule 16b3 so that such persons (unless they otherwise agree) will be entitled to the exemptive relief of Rule 16b3 in respect of those transactions and will not be subject to avoidable liability thereunder.  Accordingly, this Plan shall be deemed to contain and the Shares issued upon exercise thereof shall be subject to, such additional conditions and restrictions as may be required by Rule 16b-3 to qualify for the maximum exemption from Section 16 with respect to Plan transactions.  If any provision of this Plan or of any Option would otherwise frustrate or conflict with the intents expressed above, that provision to the extent 
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possible shall be interpreted so as to avoid such conflict. If the conflict remains irreconcilable, the Board may disregard the provision if it concludes that to do so furthers the interest of the Company and is consistent with the purposes of this Plan as to such persons in the circumstances.
ARTICLE XXIII
EMPLOYEES’ RIGHTS
Nothing in this Plan (or in any agreement related to this Plan) shall confer upon any Eligible Employee or Participant any right to continue in the service or employ of the Company or constitute any contract or agreement of service or employment, or interfere in any way with the right of the Company to reduce such person’s compensation or other benefits or to terminate the services or employment of such Eligible Employee or Participant, with or without cause, but nothing contained in this Plan or any document related hereto shall affect any other contractual right of any Eligible Employee or Participant.  No Participant shall have any rights as a stockholder until Shares have been issued in the Participant’s name following exercise of his or her Option.  Subject to Article XVIII, no adjustment will be made for dividends or other rights as a stockholder for which a record date is prior to the issuance of such Share certificate.  Nothing in this Plan shall be deemed to create any fiduciary relationship between the Company and any Participant.
ARTICLE XXIV
COMMON STOCK AVAILABLE FOR THE PLAN
(a)    Subject to adjustment in accordance with Article XVIII, a total of 400,000 Shares of Common Stock have been reserved as authorized for issuance pursuant to the exercise of Options granted under the Plan, which is inclusive of all Shares issued under the Prior Plan prior to the Effective Date of this Plan.  The Shares of Common Stock may be newly issued shares, treasury shares or shares acquired on the open market.  To the extent that any Option under this Plan shall expire or be canceled, in whole or in part, then the number of Shares covered by the Option so expired or canceled may again be awarded pursuant to the provisions of this Plan.  
(b)    The number of Shares of Common Stock which a Participant may purchase in an Offering under the Plan may be reduced if the Offering is over-subscribed. No Option granted under the Plan shall permit a Participant to purchase Shares which, if added together with the total number of Shares purchased by all other Participants in such Offering, would exceed the total number of Shares remaining available under the Plan. If the Committee determines that, on a particular Exercise Date, the number of Shares with respect to which Options are to be exercised exceeds the number of Shares then available under the Plan, the Company shall make a pro rata allocation of the Shares remaining available for purchase in as uniform a manner as practicable and as the Committee determines to be equitable.
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ARTICLE XXV
GENERAL PROVISIONS
(a)    Equal Rights and Privileges.  Notwithstanding any provision of the Plan to the contrary and in accordance with Section 423 of the Code, all Eligible Employees who are granted Options under the Plan shall have equal rights and privileges with respect to the Plan.  
(b)    Rights as Stockholder.  A Participant will become a stockholder with respect to the Shares that are purchased pursuant to Options granted under the Plan when the Shares are transferred to the Participant’s ESPP Share Account. A Participant will have no rights as a stockholder with respect to Shares for which an election to participate in an Offering Period has been made until such Participant becomes a stockholder as provided above.
(c)    Successors and Assigns. The Plan shall be binding on the Company and its successors and assigns.
(d)    Entire Plan. This Plan constitutes the entire plan with respect to the subject matter hereof and supersedes all prior plans with respect to the subject matter hereof.  
(e)    Applicable Law; Severability.  This Plan and related documents shall be governed by, and construed in accordance with, the laws of the State of Delaware.  If any provision shall be held by a court of competent jurisdiction to be invalid and unenforceable, the remaining provisions of this Plan shall continue to be fully effective.
(f)    Stockholder Approval.  The Plan, and (i) any increase in the number of shares of Common Stock subject to the Plan as set forth in Article XXIV or (ii) any decrease in the Option Price per share as set forth in Article VIII,  shall be subject to approval by the stockholders of the Company within twelve (12) months before or after the date the Plan or any such amendment is adopted by the Board. Stockholder approval of the Plan was obtained on May 16, 2006.
(g)    Section 423 of the Code. The Plan is intended to qualify as an “employee stock purchase plan” under Section 423 of the Code. Any provision of the Plan that is intended to comply with Section 423 of the Code and is inconsistent with Section 423 of the Code or any successor provision of the Code shall without further act or amendment by the Company or the Committee be reformed to comply with the requirements of Section 423 of the Code. This Article XXV(g) shall take precedence over all other provisions in the Plan.
(h)    No Trust or Plan Funding.  The Plan shall at all times be entirely unfunded and no provision shall at any time be made with respect to segregating assets of the Company with respect to this Plan.  Neither the Plan nor any Option shall create or be construed to create a trust or separate fund of any kind or a fiduciary relationship between the Company and any Participant.  No Participant, beneficiary, or other person shall have any interest in any particular assets of Bancshares, any Subsidiary or any of their affiliates by reason of an Option under the Plan.  
        Page 16 of 17

(i)    Withholding. To the extent required by applicable Federal, state or local law, a Participant must make arrangements satisfactory to the Company for the payment of any withholding or similar tax obligations that arise in connection with the Plan. At any time, the Company may, but is not obligated to, withhold from a Participant’s Compensation such amount as is necessary for the Company to meet applicable tax withholding obligations, including any withholding required to make available to the Company any tax deductions or benefits attributable to sale or early disposition of Shares by such Participant.
(j)    Section 409A of the Code.  The Plan is intended to be exempt from the application of Section 409A of the Code, and any ambiguities herein will be interpreted to maintain such exemption. In furtherance of the foregoing and notwithstanding any other provision in the Plan to the contrary, if the Committee determines that an Option granted under the Plan may be subject to Section 409A of the Code or that any provision of the Plan would cause an Option under the Plan to be subject to Section 409A of the Code, the Committee may amend the terms of the Plan and/or of an outstanding Option granted under the Plan, or take such other action that the Committee determines is necessary or appropriate, in each case, without the Participant’s consent, to exempt any outstanding Option or future Option that may be granted under the Plan from or to allow any such options to comply with Section 409A of the Code. Notwithstanding the foregoing, the Company shall have no liability to a Participant or any other party if the Option to purchase Stock under the Plan that is intended to be exempt from or compliant with Section 409A of the Code is not so exempt or compliant or for any action taken by the Committee with respect thereto. The Company makes no representation that any Option to purchase Stock under the Plan is exempt from or compliant with Section 409A of the Code.
(k)    Claims.  A Participant’s sole remedy for any Claim shall be against Bancshares, and no Participant shall have any claim or right of any nature against any Subsidiary or any stockholder or existing or former director, officer or Employee of Bancshares or any Subsidiary.  The individuals and entities described above in this Article XXV(l) (other than Bancshares) shall be third-party beneficiaries of this Plan for purposes of enforcing the terms of this Article XXV(l).
(l)    No Liability; Indemnification.  No member of the Board or the Committee, nor any officer or Employee of the Company acting on behalf of the Board or the Committee, shall be personally liable for any action, determination, or interpretation taken or made in good faith with respect to the Plan, and all members of the Board and the Committee, each officer of the Company, and each Employee of the Company acting on behalf of the Board or the Committee shall, to the extent permitted by law, be fully indemnified and protected by Bancshares in respect of any such action, determination, or interpretation to the fullest extent provided by law.  Except to the extent required by any unwaiveable requirement under applicable law, no member of the Board or the Committee (and no Subsidiary) shall have any duties or liabilities, including without limitation any fiduciary duties, to any Participant (or any person claiming by and through any Participant) as a result of this Plan, or any Claim arising hereunder and, to the fullest extent permitted under applicable law, each Participant (as consideration for receiving and accepting participation in the Plan) irrevocably waives and releases any right or opportunity such Participant might have to assert (or participate or cooperate in) any Claim against any member of 
        Page 17 of 17

the Board or the Committee and any Subsidiary arising out of this Plan.  The termination of any such civil or criminal action or proceeding or the disposition of any such claim or demand, by judgment, settlement, conviction or upon a plea of nolo contendere, or its equivalent, shall not in itself create a presumption that any such member of the Board or Committee did not act (i) in good faith and (ii) for a purpose which such member reasonably believed to be in accordance with the intent of this Plan.  Nothing herein shall be deemed to supersede or conflict with any agreement between a member of the Board or the Committee and the Company regarding Bancshares’ obligations to indemnify such member from and against certain liabilities arising from the performance of the member’s duties.  Any such agreement shall govern any inconsistencies with this Article XXV(l).
    (m)    Captions and Headings.  Captions and headings are given to the articles of this Plan solely as a convenience to facilitate reference. Such captions and headings shall not be deemed in any way material or relevant to the construction of interpretation of this Plan or any provision hereof.
    (n)    No Effect on Other Plans.  The adoption of this Plan shall not affect any other compensation or incentive plans in effect for the Company.  Nothing in this Plan shall be construed to limit the right of the Company (i) to establish any other forms of incentives or compensation for employees of the Company, or (ii) to grant or assume options (outside the scope of and in addition to those contemplated by this Plan) in connection with any proper corporate purpose.
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IN WITNESS WHEREOF, Bancshares has caused its duly authorized officers to execute this Texas Capital Bancshares, Inc. Amended and Restated 2006 Employee Stock Purchase Plan, as of November ____, 2020.
TEXAS CAPITAL BANCSHARES, INC.

By:                            
Name:                            
Title:                            
 
Signature Page to the
Texas Capital Bancshares, Inc. 
Amended and Restated 2006 Employee Stock Purchase Plan
4833-9646-5323 v.7Document

Exhibit 10.13

Third Amended and Restated Texas Capital Bancshares, Inc.Nonqualified Deferred Compensation Plan

1.Establishment of Plan.  Texas Capital Bancshares, Inc. (the “Company”) previously adopted and established an unfunded deferred compensation plan for a select group of management or highly compensated employees of the Company and its Affiliates, known as the Second Amended and Restated Texas Capital Bancshares, Inc. Nonqualified Deferred Compensation Plan (the “Prior Plan”).  The Prior Plan was amended from time to time.  Effective as of the Effective Date (as defined below), the Company amends and replaces the Prior Plan, as amended, with this Third Amended and Restated Texas Capital Bancshares, Inc. Nonqualified Deferred Compensation Plan (the “Plan”), which supersedes the Prior Plan and all amendments thereto in their entirety.
2.Purpose of Plan.  The purpose of the Plan is to provide a select group of management or highly compensated employees (within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA) of the Company, who contribute significantly to the future business success of the Company, with non-qualified deferred compensation benefits through the deferral of Base Salary and Bonus Compensation and through Discretionary Contributions and Matching Contributions, and as such it is intended that the Plan be exempt from the participation, vesting, funding, and fiduciary responsibility requirements of Title I of ERISA.  This Plan is also intended to qualify for simplified reporting under U.S. Department of Labor Regulation Section 2530.104-23, which provides for an alternative method of compliance for plans described in such regulation.  The Plan shall be administered and interpreted to the extent possible in a manner consistent with that intent.
3.Definitions.
3.1    “Acceleration Event” is defined in Section 12.1 hereof.
3.2    “Account” means an account maintained by the Company in the name of the Participant to reflect the Participant’s interest under the Plan.  An Account may include one or more of the following: (a) an Elective Deferral Account, (b) a Discretionary Contribution Account, and (c) a Matching Contribution Account.  Each Participant’s Account may have as many subaccounts (based on the type of contribution credited to the subaccount, vesting or distribution provisions applicable to the subaccount, or any other factors) as the Committee may determine to be appropriate.
3.3    “Affiliate” means any corporation, trade, or business treated as a single employer with the Company under Section 414(b) or (c) of the Code, and any other entity specifically designated by the Committee as an “Affiliate” for purposes of the Plan.  With the permission of the Company, Affiliates may adopt the Plan for their own employees.

3.4    “Award Agreement” means a written document provided by the Company to a Participant specifying the terms and conditions of any Discretionary Contribution to be made by the Company to the Participant’s Account for any period(s).
3.5    “Base Salary” means the annual rate of base pay paid by the Company or an Affiliate to or for the benefit of the Participant for services rendered.  The Committee may adopt such rules as it deems appropriate for the determination of a Participant’s Base Salary.
3.6    “Beneficiary” means any person or entity entitled under Section 15.8 to receive Plan benefits upon or after a Participant’s death.
3.7    “Board” means the Board of Directors of the Company, as constituted from time to time.
3.8    “Bonus Compensation” means any cash compensation earned by a Participant for services rendered by a Participant under any bonus or cash incentive plan maintained by the Company or an Affiliate.  The Committee may adopt such rules as it deems appropriate for the determination of Participant’s Bonus Compensation.
3.9    “Cause” means, except as may otherwise be provided in the Participant’s Award Agreement, termination of the Participant’s employment upon the occurrence of any of the following events: (i) any act of fraud, misappropriation or embezzlement by the Participant with respect to any aspect of the Company’s business; (ii) the material breach by the Participant of any employment agreement between the Company and the Participant, including any protective covenants contained in any such agreement (including, without limitation, a refusal to follow the Company or its designee’s lawful directives which are not inconsistent with the duties of the Participant’s position and the provisions of his or her employment agreement); (iii) the conviction of the Participant by a court of competent jurisdiction of a felony or of a crime involving moral turpitude; (iv) the intentional and material breach by the Participant of any non-disclosure or non-competition/non solicitation provision of any agreement to which the Participant and the Company or any of its parent and affiliate companies are parties; (v) the intentional failure by the Participant to perform in all material respects his or her duties and responsibilities (other than as a result of death or disability) and the failure of the Participant to cure the same in all material respects within fifteen (15) days after written notice thereof from the Company; (vi) the illegal use of drugs by the Participant’s during his or her employment by the Company that, in the determination of the Board, substantially interferes with the Participant’s performance of his or her duties for the Company; (viii) acceptance of employment with any other employer except upon written permission of the Board; or (ix) the material breach by the Participant of his or her fiduciary duties to the Company.  The Company shall provide the Participant with a written notice of termination (and in the case, of an event described in (ii) and (viii), thirty (30) days within which the Participant may cure such event constituting “Cause” before such termination effective) which can be provided on the date of termination.
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3.10    “Change in Control” means any of the following, but only to the extent such occurrence is a “Change in Control” under Section 409A of the Code with respect to the Participant:
(a)on the date that any “Person” (as defined below), other than (A) the Company or any of its subsidiaries, (8) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates, (C) an underwriter temporarily holding stock pursuant to an offering of such stock, or (D) a corporation owned, directly or indirectly, by the shareholders of the Company in substantially the same proportions as their ownership of the Company’s stock, acquires ownership of the Company’s stock that, together with stock held by such Person, constitutes more than 50% of the total fair market value or total voting power of the Company’s stock.  However, if any Person is considered to own already more than 50% of the total fair market value or total voting power of the Company’s stock, the acquisition of additional stock by the same Person is not considered to be a Change in Control.  In addition, if any Person has effective control of the Company through ownership of 50% or more of the total voting power of the Company’s stock, the acquisition of additional control of the Company by the same Person is not considered to cause a Change in Control pursuant to this Section 3.10; or
(b)on the date during any 12-month period when a majority of members of the Board is replaced by directors whose appointment or election is not endorsed by a majority of the Board before the date of the appointment or election; provided, however, that any such director shall not be considered to be endorsed by the Board if his or her initial assumption of office occurs as a result of an actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or
(c)on the date a plan of reorganization, merger, consolidation, sale of all or substantially all of the assets of the Company or similar transaction occurs or is effectuated in which the Company is not the resulting entity; provided, however, that such an event listed above will be deemed to have occurred or to have been effectuated upon receipt of all required regulatory approvals not including the lapse of any required waiting periods.  However, there is no Change in Control when there is such a transfer to (i) a shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to the Company’s stock; (ii) an entity, at least 50% of the total value or voting power of the stock of which is owned, directly or indirectly, by the Company; (iii) a Person that owns directly or indirectly, at least 50% of the total value or voting power of the Company’s outstanding stock; or (iv) an entity, at least 50% of the total value or voting power of the stock of which is owned by a Person that owns, directly or indirectly, at least 50% of the total value or voting power of the Company’s outstanding stock.
    3

For purposes of subparagraphs (a), (b) and (c) above:
“Person” shall have the meaning given in Section 7701(a)(l) of the Code.  Person shall include more than one Person acting as a group as defined by the Treasury Regulations issued under Section 409A of the Code.
“Affiliate” shall, for purposes of this Section 3.10, have the meaning set forth in Rule 12b-2 promulgated under Section 12 of the Securities Exchange Act of 1934, as amended.
The provisions of this Section 3.10 shall be interpreted in accordance with the requirements of the Treasury Regulations under Section 409A of the Code.  Notwithstanding anything to the contrary contained herein, a Change in Control for purposes of this Plan shall not include any of the events described herein if the event is in connection with (1) a complete dissolution or liquidation of the Company; (2) a Title 11 bankruptcy proceeding, the appointment of a trustee or receiver or the conversion of a case involving the Company to a case under Chapter 7; or (3) any Distressed Sale of the Company’s Assets or Stock.
3.11    “Claimant” has the meaning set forth in Section 16.1.
3.12    “Code” means the Internal Revenue Code of 1986, as amended, or any successor statute.
3.13    “Committee” means the Company’s Human Resources Committee.
3.14    “Company” means Texas Capital Bancshares, Inc., a Delaware corporation, or any successor thereto.  If an Affiliate has adopted the Plan, “Company” includes such Affiliate, to the extent the context so requires.
3.15    “Deferral Election” means an election by an Eligible Employee to defer Base Salary and/or Bonus Compensation.  A Participant must make a new Deferral Election with respect to each Plan Year during which he or she wants to defer any amount of Base Salary or Bonus Compensation.
3.16    “Determination Date” means the last Valuation Date preceding the payment date.
3.17    “Disabled or Disability” means that a Participant is: (a) unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months; or (b) by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than 12 months, receiving income replacement benefits for a period of not less than three months under an accident and 
    4

health plan covering employees of the Company; or (c) determined to be totally disabled by the Social Security Administration.
3.18    “Discretionary Contribution” means an amount that the Company contributes to the Plan on behalf of a Participant pursuant to Section 6.
3.19    “Discretionary Contribution Account” means a separate account maintained for a Participant to which are credited any Discretionary Contributions made for the Participant and Investment Option earnings allocable thereto, and to which are debited any Investment Option losses, distributions, and any other appropriate charges.  A Participant’s Discretionary Contribution Account may include as many subaccounts as the Committee determines is appropriate.
3.20    “Distressed Sale of the Company’s Assets or Stock” means a sale effected for the purpose of avoiding bankruptcy or receivership, or any sale that is recommended to the Company by the Office of the Comptroller of Currency (or any other similar governmental agency with regulatory or oversight authority over the Company).
3.21    “Distribution Date” means a date specified by a Participant in his or her Election Notice, or specified by the Company in an Award Agreement or in a bonus plan or agreement, for the payment of all or a portion of the Participant’s Account.
3.22    “Effective Date” means January 1, 2021.
3.23    “Election Notice” means the notice or notices prescribed from time to time by the Committee for making Deferral Elections under the Plan.  The Election Notice shall include the amount or percentage of Base Salary and/or Bonus Compensation to be deferred (subject to any minimum or maximum amounts established by the Committee from time to time); the Distribution Date(s) for the amounts to be deferred; the form of payment (lump sum or installments) for the amounts to be deferred; and any selected Investment Options.  Each Election Notice shall become irrevocable as of the last day of the Election Period.
3.24    “Election Period” means the period established by the Committee for each Plan Year during which Deferral Elections for such Plan Year must be made in accordance with the requirements of Section 409A of the Code, as follows:
(a)General Rule.  Except as provided in (b) and (c) below, the Election Period shall end, and a Deferral Election shall become irrevocable to the extent required by Section 409A of the Code, no later than the last day of the Plan Year immediately preceding the Plan Year in which the deferred Base Salary or Bonus Compensation would otherwise be paid.
(b)Performance-based Compensation.  If any Bonus Compensation constitutes “performance-based compensation” within the meaning of Treas. Reg. Section 1.409A1(e). then the Election Period for such amount shall end no later 
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than six months before the end of the Plan Year during which the Bonus Compensation is earned (but in no event later than the date on which the amount of the Bonus Compensation becomes readily ascertainable).
(c)New Eligible Employees. The Election Period for a new Eligible Employee shall end no later than thirty (30) days after the Employee first becomes eligible to participate in the Plan; any such election shall apply only with respect to compensation earned after the date of the Deferral Election.
3.25    “Elective Deferrals” means amounts of Base Salary and /or Bonus Compensation that a Participant elects to have credited to his or her Elective Deferral Account instead of being paid to him or her currently.
3.26    “Elective Deferral Account” means a separate account maintained for each Participant to which are credited the Participant’s Elective Deferrals pursuant to Section 5 and Investment Option earnings allocable thereto, and to which are debited any Investment Option losses, distributions, and any other appropriate charges.  A Participant’s Elective Deferral Account may include as many subaccounts as the Committee determines is appropriate.
3.27    “Eligible Employee” means an Employee who is selected by the Committee to participate in the Plan.  Participation in the Plan is limited to a select group of the Company’s management or other highly compensated employees.
3.28    “Employee” means an employee of the Company.
3.29    “Entry Date” means, with respect to an Eligible Employee, the first day of the pay period commencing on or following the effective date of such Eligible Employee’s eligibility to participate in the Plan.
3.30    “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.
3.31    “FICA Amount” has the meaning set forth in Section 12.1(c).
3.32    “Good Reason” means, except as may otherwise be provided in the Participant’s Award Agreement, the occurrence of any of the following events: (i) without his or her express written consent, the assignment of the Participant to a position, duties or responsibilities substantially inferior to his or her position, duties, or responsibilities with the Company as set forth in his or her employment agreement or offer letter with the Company; (ii) the change of the location where the Participant is based (“Base Location”) at the time the Participant begins participating in this Plan to a location which is more than fifty (50) miles from his or her Base Location, without the Participant’s written consent; or (iii) a reduction by the Company in the Participant’s base salary as then in effect when such Participant begins participating in this Plan, unless such reduction is a proportionate reduction of the compensation of the Participant and all 
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other senior officers of the Company as a part of a company-wide effort to enhance the financial condition of the Company.  The Participant shall give the Company thirty (30) business days’ notice of an intent to terminate his or her employment for “Good Reason”, and provide the Company with thirty (30) calendar days after receipt of such notice from the Participant to remedy the alleged violation. In the event the Company does not cure the violation, if the Participant does not terminate his or her employment within sixty (60) days following the last day of the Board’s cure period, the occurrence of the violation shall not subsequently serve as Good Reason for the Participant to terminate his or her employment.
3.33    “Investment Option” means an investment fund or index, including any interest-bearing account or stock account, selected or created by the Committee and made available to Participants, or required by the Committee, for the deemed investment of the Participants’ Accounts or any portion(s) of the Participants’ Accounts.
3.34    “Matching Contribution” means an amount that the Company contributes to the Plan on behalf of a Participant pursuant to Section 7.
3.35    “Matching Contribution Account” means a separate account maintained for a Participant to which are credited any Matching Contributions made for a Participant and Investment Option earnings allocable thereto, and to which are debited any Investment Option losses, distributions, and any other appropriate charges.  A Participant’s Matching Contribution Account may include as many subaccounts as the Committee determines is appropriate.
3.36    “Participant” means an Eligible Employee who participates in the Plan by filing an Election Notice in accordance with Section 5.1 and/or having a Discretionary Contribution and/or Matching Contribution credited to his or her Account, and any former Eligible Employee who continues to have an amount credited to his or her Account.
3.37    “Payment Event” has the meaning set forth in Section 10.1.
3.38    “Plan” means this Amended and Restated Texas Capital Bancshares, Inc. Nonqualified Deferred Compensation Plan, as amended from time to time.
3.39    “Plan Year” means the twelve consecutive month period that begins on January 1 and ends on the following December 31.  The Plan’s first plan year was 2016.
3.40    “Re-deferral Election” has the meaning set forth in Section 5.4.
3.41    “Separation from Service” has the meaning set forth in Section 409A(a)(2)(A)(i) of the Code and Treas. Reg. Section l.409A-1(h), including the default presumptions thereunder.
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3.42    “State, Local and Foreign Tax Amount” has the meaning set forth in Section 12.l(f).
3.43    “Unforeseeable Emergency” means a severe financial hardship of the Participant resulting from (a) an illness or accident of the Participant, the Participant’s spouse, or the Participant’s dependent; (b) a loss of the Participant’s property due to casualty; or (c) other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Participant, all as determined in the sole discretion of the Committee.
3.44    “Valuation Date” means each business day of the Plan Year.
3.45    “Years of Service” means each 12-month period of continuous employment of the Participant with the Company.  A period of continuous employment shall include any leave of absence with or without pay so long as there has not been a Separation from Service.  A Participant shall not be deemed to have ceased to be an employee of the Company by reason of the transfer of the Participant’s employment between the Company and any subsidiary or among subsidiaries of the Company, or among any department or business unit of the Company.  A Participant shall receive one (1) Year of Service credit for each full year of employment measured from the appropriate hire date or anniversary of the hire date.  Any partial year of employment shall not count as a Year of Service, unless otherwise determined by the Committee.
4.Eligibility; Participation.
4.1    Requirements for Participation.  Before the beginning of each Plan Year, the Committee shall determine the Employees who shall be Eligible Employees for such Plan Year.  Any such Eligible Employee may participate in the Plan commencing as of the first day of such Plan Year.  Additionally, the Committee may determine during the Plan Year that an Employee who was not designated as an Eligible Employee before the beginning of the Plan Year shall become an Eligible Employee effective as of a specified date during the current Plan Year, in which case the Election Period rules for new Eligible Employees set forth in the definition of Election Period shall apply.  If an Employee is selected for participation in the Plan for one Plan Year, it does not guarantee participation in the Plan for any future Plan Years.
4.2    Election to Participate: Benefits of Participation.  An Eligible Employee becomes a Participant by making a Deferral Election in accordance with Section 5 or by having a Discretionary Contribution credited to his or her Account for a Plan Year.
4.3    Cessation of Participation.  If a Participant ceases to be an Eligible Employee for a Plan Year, then the Participant’s Deferral Elections shall no longer be effective and the Participant shall not be eligible to receive any further Discretionary Contributions or Matching Contributions.  However, such Participant’s Account shall continue to be credited with any earnings and losses of the Participant’s Investment Options until the applicable Determination Date.
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5.Election Procedures.
5.1    Deferral Election.  An Eligible Employee may elect to defer Base Salary and/or Bonus Compensation by completing an Election Notice and filing it with the Committee during the Election Period.  The Election Notice must specify:
(a)The amount or percentage of Base Salary and/or Bonus Compensation to be deferred (subject to any minimum and/or maximum amounts established by the Committee);
(b)To the extent permitted by the Committee, the Distribution Date(s) for any applicable portion(s) of the Participant’s Account attributable to such Deferral Election;
(c)To the extent permitted by the Committee, the form of payment for any applicable portion(s) of the Participant’s Account attributable to such Deferral Election; and
(d)To the extent permitted by the Committee and not provided for in any separate investment election, the Investment Option in which any applicable portion(s) of the Participant’s Account attributable to such Deferral Election are to be treated as having been invested.
5.2    Base Salary Deferrals.  A Participant may elect to defer receipt of up to 75% of the Participant’s Base Salary for any Plan Year by making a Deferral Election in accordance with this Section 5.  Base Salary deferrals shall be credited to a Participant’s Elective Deferral Account as of the date the Base Salary would otherwise have been paid.  The Committee may change the maximum Deferral Election percentage for Base Salary deferrals from time to time, and may set a minimum Deferral Election percentage.
5.3    Bonus Compensation Deferrals.
(a)A Participant may elect to defer receipt of up to 75% of the Participant’s Bonus Compensation for any Plan Year by making a Deferral Election in accordance with this Section 5.  Bonus Compensation deferrals shall be credited to the Participant’s Elective Deferral Account as of the date the Bonus Compensation otherwise would have been paid.  The Committee may change the maximum Deferral Election percentage for Bonus Compensation deferrals from time to time, and may set a minimum Deferral Election percentage.
(b)The Company may, as part of a bonus plan or agreement under which Bonus Compensation may be earned, require that all or a portion of such Bonus Compensation be deferred, in which case the Bonus Compensation, or applicable portion of the Bonus Compensation, shall be credited by the Committee to the Participant’s Elective Deferral Account.
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5.4    Re-deferrals; Changing the Form of Payment.  The Participant may make an election to re-defer all or a portion of the amounts in his or her Account until a later Distribution Date, or to change the form of payment (a “Re-deferral Election”), provided that the following requirements are met:
(a)The re-deferral election is made at least twelve (12) months before the original Distribution Date;
(b)The Distribution Date for the re-deferred amount is at least five years later than the original Distribution Date;
(c)The re-deferral election will not take effect for at least twelve (12) months after the re-deferral election is made; and
(d)The re-deferral election otherwise complies with the requirements of Section 409A of the Code.
For purposes of this Section 5.4, (i) effective for all periods prior to January 1, 2020, all payments, including any individual installment payments, shall be treated as separate payments under Section 409A of the Code; and (ii) effective for all periods on and after January 1, 2020, all payments, including any individual installment payments, shall be treated as a single payment; provided that, if a Participant elects installments payments prior to January 1, 2020, then the Distribution Date with respect to any re-deferral election made with respect to such installment payment election shall be at least five years later than the original payment date of the last installment payment.
6.Discretionary Contributions.  Each Plan Year the Company may, but need not, make a Discretionary Contribution to the Plan on behalf of a Participant in such amount as the Company shall determine in its sole and complete discretion.  Any Discretionary Contribution may be credited to the Participant’s Discretionary Contribution Account after the end of the Plan Year for which the Discretionary Contribution is made.  The Company is under no obligation to make any Discretionary Contributions for a Plan Year.  Discretionary Contributions need not be uniform among Participants.
7.Matching Contributions.  To the extent that a Participant elects to make Elective Deferrals pursuant to Section 5.2 for any Plan Year, the Company may, but need not, make a Matching Contribution to his or her Matching Contribution Account in such amount as the Company shall determine in its sole and complete discretion.  The Company is under no obligation to make any Matching Contributions for a Plan Year.
8.Accounts and Investment Options.
8.1    Establishment of Accounts.  The Committee shall establish and maintain an Account for each Participant.  The Committee may establish as many subaccounts on behalf of any Participant as deemed necessary by the Committee.
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8.2    Investment Options.  The Committee shall select the Investment Options for the deemed investment of Participants’ Accounts.  The Committee may change, discontinue, or add Investment Options at any time, in its sole and complete discretion.  To the extent permitted by the Committee, a Participant may make changes to his or her investment selections in accordance with procedures established by the Committee.  The Company may require that some or all of the portions of a Participant’s Account be invested in an Investment Option selected by the Committee.
8.3    Adjustments for Deemed Investment Earnings.  Each Account shall be adjusted for earnings or losses based on the performance of the Investment Options selected for it, as if the Account were actually invested in such Investment Option(s), even though it will not actually be so invested.  Earnings and losses shall be computed on each Valuation Date.  The amount paid to a Participant on the payment date shall be determined as of the applicable Determination Date.
8.4    Nature of Accounts.  Accounts are not actually invested in the Investment Options and do not correspond to any segregated assets of the Company.  A Participant’s Account is solely a device for the measurement and determination of the amounts of compensation to be paid to the Participant pursuant to the Plan.
8.5    Statements.  Each Participant shall be provided with a statement setting out the amounts credited to his or her Account, which shall be delivered at intervals determined by the Committee.
9.Vesting.
9.1    Vesting of Base Salary and Bonus Compensation Deferrals.  Participants shall be fully vested at all times in their Base Salary and Bonus Compensation deferrals and any earnings thereon.
9.2    Vesting of Discretionary Contributions.
(a)In the event the Company elects to make a Discretionary Contribution for a Plan Year, the Company shall establish the vesting schedule that shall apply to such Discretionary Contribution, which shall be set forth in the Award
(b)Agreement for each Participant who is eligible to receive a Discretionary Contribution for such Plan Year.  The vesting schedule for Discretionary Contributions made on behalf of different Participants need not be the same, and the vesting schedule for Discretionary Contributions made with respect to different Plan Years also need not be the same.
(c)Except to the extent otherwise provided in Section 9.2(c) or (d) below, or in an applicable Award Agreement, the nonvested (i.e., forfeitable) portion of a Participant’s Account shall be forfeited (such that no amount shall 
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ever be due or payable to the Participant with respect to such portion, and no substitute or compensatory payment for the loss of such amount shall ever be due or payable to the Participant) upon the Participant’s voluntary or involuntary Separation from Service for any reason.
(d)Notwithstanding the provisions of Sections 9.2(a) and (b) immediately above, except to the extent otherwise provided in an applicable Award Agreement, the portion of a Participant’s Account attributable to Discretionary Contributions shall be 100% vested (i.e., 0% forfeited) upon the Participant’s (a) death or (b) Disability.
(e)Notwithstanding the provisions of Sections 9.2(a) and (b) above, except to the extent otherwise provided in an applicable Award Agreement, the nonvested (i.e., forfeitable) portion(s) of a Participant’s Account attributable to Discretionary Contributions shall be 100% vested (i.e., 0% forfeited) if on or during the 18-month period immediately following a Change in Control the Participant incurs a Separation from Service (i) due to the Company’s termination of the Participant’s employment without Cause or (ii) due to the Participant’s termination of his or her employment for Good Reason.
9.3    Vesting of Matching Contributions.
(a)Any Matching Contributions contributed to the Plan shall vest in accordance with the following schedules:
For any Matching Contributions made with respect to Plan Years ending prior to December 31, 2019, the following vesting schedule shall apply:
						
	Years of Service	Vested Percentage
	1	34%
	2	67%
	3 or more	100%

For any Matching Contributions made with respect to Plan Years ending on or after January 1, 2020, the following vesting schedule shall apply: 
						
	Years of Service	Vested Percentage
	1	0%
	2	100%

(b)Except to the extent otherwise provided in Section 9.3(c) or (d) below, the nonvested (i.e., forfeitable) portion of a Participant’s Account shall be forfeited (such that no amount shall ever be due or payable to the Participant with respect to such portion, and no substitute or compensatory payment for the loss of 
    12

such amount shall ever be due or payable to the Participant) upon the Participant’s voluntary or involuntary Separation from Service for any reason.
(c)Notwithstanding the provisions of Sections 9.3(a) and (b) immediately above, the portion of a Participant’s Account attributable to Matching Contributions shall be 100% vested (i.e., 0% forfeited) upon the Participant’s (a) death or (b) Disability.
(d)Notwithstanding the provisions of Sections 9.3(a) and (b) above, the nonvested (i.e., forfeitable) portion(s) of a Participant’s Account attributable to Matching Contributions shall be 100% vested (i.e., 0% forfeited) if on or during the 18-month period immediately following a Change in Control the Participant incurs a Separation from Service (i) due to the Company’s termination of the Participant’s employment without Cause or (ii) due to the Participant’s termination of his or her employment for Good Reason.
10.Payment of Participant Accounts.
10.1    In General.  Payment of the vested portion of a Participant’s Account shall
be made (or, in the case of installments, begin to be made) on the earliest to occur of the following events (each a “Payment Event”):
(a)The Distribution Date specified for any portion of the Account;
(b)The Participant’s Separation from Service;
(c)The Participant’s death; or
(d)The Participant’s Disability.
Participants may elect different Distribution Dates for amounts contributed to the Participant’s Account with respect to different Plan Years.
10.2    Timing of Payments Other than on Account of Separation from Service.  Except as otherwise provided in this Section 10, payments shall be made (or, in the case of installment payments, begin to be made) within 90 days following a Payment Event.
10.3    Timing of Payments on Account of Separation from Service.  Payments made on account of a Participant’s Separation from Service shall be made (or, in the case of annual installment payments, commence to be made) in January of the calendar year following the calendar year in which the Participant Separated from Service, if the Participant’s Separation from Service occurs in January, February, March, April, May, or June, and otherwise in July of the calendar year following the calendar year in which the Participant Separated from Service.
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10.4    Mandatory Deferral of Payment During Clawback Period.  To the extent consistent with the requirements of Section 409A of the Code, at the time Bonus Compensation is required to be deferred by the Company or a Discretionary Contribution is contributed by the Company, the Company may in any applicable bonus plan or agreement, or in any Award Agreement, provide that any portion of the Participant’s Account attributable to Bonus Compensation that was required by the Company to be deferred under the Plan, or attributable to Discretionary Contributions, as the case may be, whether or not vested, shall be distributed only after the lapse of any period during with the Company may have the right, or may be required, to reclaim such amount from the Participant pursuant to a Company clawback policy or any applicable federal or other law.
10.5    Form of Payment.  If and to the extent permitted by the Committee, a Participant may specify the form(s) of payment (lump sum or annual installments) for amounts credited to his or her Account; the Committee may also specify the form of payment and prescribe rules for default forms of payment if a Participant fails to timely elect a permissible form of payment.  Participants may elect different form(s) of payment (lump sum or annual installments) for amounts contributed to the Participant’s Account with respect to different Plan Years.  To the extent the Committee permits or requires annual installment payments, the amount of each payment shall be calculated by dividing the value as of the last Determination Date preceding the date of payment of the portion of the Participant’s Account being distributed by the number of annual installments remaining.
10.6    Medium of Payment.  All payments under the Plan shall be made in cash.
11.Payments Due to Unforeseeable Emergency.
11.1    Request for Payment.  If a Participant suffers an Unforeseeable Emergency, he or she may submit a written request to the Committee for payment of a portion of the vested portion of his or her Account.
11.2    No Payment If Other Relief Available.  The Committee will evaluate the Participant’s request for payment due to an Unforeseeable Emergency, taking into account the Participant’s circumstances and the requirements of Section 409A of the Code.  In no event will payments be made pursuant to this Section 11 to the extent that the Participant’s hardship can be relieved (a) through reimbursement or compensation by insurance or otherwise or (b) by liquidation of the Participant’s assets, to the extent that liquidation of the Participant’s assets would not itself cause severe financial hardship.
11.3    Limitation on Payment Amount.  The amount of any payment made on account of an Unforeseeable Emergency shall not exceed the amount reasonably necessary to satisfy the Participant’s financial need, including amounts necessary to pay any Federal, state, or local income taxes or penalties reasonably anticipated to result from the payment, as determined by the Committee.
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11.4    Timing and Form of Payment.  Payment on account of an Unforeseeable Emergency shall be made from a Participant’s Account in the form of a lump sum as soon as practicable and in any event within 30 days following the Committee’s determination that an Unforeseeable Emergency exists.
11.5    Cessation of Deferrals.  If during a Plan Year a Participant receives payment on account of an Unforeseeable Emergency, the Participant may make no more Elective Deferrals for the remainder of the Plan Year.
12.Acceleration Events.
12.1    Permissible Acceleration Events.  Notwithstanding anything in the Plan otherwise to the contrary, the Committee, in its sole discretion, may accelerate payment of all or a portion of a Participant’s vested Account upon the occurrence of any of the events (“Acceleration Events”) set forth in this Section 12.  The Committee’s determination of whether payment may be accelerated in accordance with this Section 12 shall be made in accordance with Treas. Reg. Section 1.409A3(j)(4).
(a)Domestic Relations Orders.  The Committee may accelerate payment of a Participant’s vested Account to the extent necessary to comply with a domestic relations order (as defined in Section 414(p)(1)(B) of the Code).
(b)Limited Cashouts.  The Committee may accelerate payment of a Participant’s vested Account to the extent that (i) the aggregate amount in the Participant’s Account does not exceed the applicable dollar amount under Section 402(g)(l)(B) of the Code, (ii) the payment results in the termination of the Participant’s entire interest in the Plan and any plans that are aggregated with the Plan pursuant to Treas. Reg. Section 1.409A1(c)(2), and (iii) the Committee’s decision to cash out the Participant’s Account is evidenced in writing no later than the date of payment.
(c)Payment of Employment Taxes.  The Committee may accelerate payment of all or a portion of a Participant’s vested Account (i) to pay the Federal Insurance Contributions Act (FICA) tax imposed under Sections 3010, 3121(a) and 3121(v)(2) of the Code (the “FICA Amount”), or (ii) to pay the income tax at source on wages imposed under Section 3401 of the Code or the corresponding withholding provisions of applicable state, local, or foreign tax laws as a result of the payment of the FICA Amount and the additional income tax at source on wages attributable to the pyramiding Section 3401 wages and taxes; provided, however, that the total payment under this Section 12.l(c) shall not exceed the FICA Amount and the income tax withholding related to the FICA Amount.
(d)Payment Upon Income Inclusion.  The Committee may accelerate payment of all or a portion of a Participant’s vested Account to the extent that the Plan fails to meet the requirements of Section 409A of the Code with respect to the Participant; provided, however, that the amount accelerated shall not exceed 
    15

the amount required to be included in income as a result of the failure to comply with Section 409A of the Code.
(e)Termination of the Plan.  The Committee may accelerate payment of all or a portion of a Participant’s vested Account upon termination of the Plan in accordance with Treas. Reg. Section 1.409A-3(j)(4)(ix).
(f)Payment of State, Local or Foreign Taxes.  The Committee may accelerate payment of all or a portion of the vested portion of a Participant’s Account for:
(i)the payment of state, local, or foreign tax obligations arising from participation in the Plan, to the extent that such tax obligations relate to an amount deferred under the Plan before the amount is paid or made available to the Participant (the “State, Local and Foreign Tax Amount”); provided, however, that the accelerated payment amount shall not exceed the taxes due as a result of participation in the Plan; and/or
(ii)the payment of income tax at source on wages imposed under Section 3401 of the Code as a result of such payment and the payment of the additional income tax at source on wages imposed under Section 3401 of the Code attributable to the additional Section 3401 wages and taxes; provided however, that the accelerated payment amount shall not exceed the aggregate of the State, Local, and Foreign Tax Amount and the income tax withholding related to such amount.
(a)Certain Small Offsets.  The Committee may accelerate payment of all or a portion of the Participant’s vested Account to satisfy a debt of the Participant to the Company incurred in the ordinary course of the service relationship between the Company and the Participant; provided, however, the amount accelerated shall not exceed $5,000 in any taxable year of the Participant and the payment shall be made at the same time and in the same amount as the debt otherwise would have been due and collected from the Participant.
(b)Bona Fide Disputes as to Right to Payment.  The Committee may accelerate payment of all or a portion of a Participant’s vested Account where the payment is part of a settlement between the Company or an Affiliate and the Participant of an arm’s length, bona fide dispute as to the Participant’s right to the deferred amount.
13.Plan Administration.
13.1    Administration By Committee.  The Plan shall be administered by the Committee, which shall have the authority to:
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(a)construe and interpret the Plan and apply its provisions;
(b)promulgate, amend and rescind rules and regulations relating to the administration of the Plan;
(c)authorize any person to execute, on behalf of the Company, any instrument required to carry out the purposes of the Plan;
(d)determine minimum or maximum amounts that Participants may elect to defer under the Plan;
(e)select the Investment Options that will be available for the deemed investment of Accounts under the Plan and establish procedures for permitting Participants to change their Investment Options;
(f)select, subject to the limitations set forth in the Plan, those Employees who shall be Eligible Employees;
(g)evaluate whether a Participant who has requested payment from his or her Account on account of an Unforeseeable Emergency has experienced an Unforeseeable Emergency and the amount of any payment necessary to satisfy the Participant’s need with respect to such Unforeseeable Emergency;
(h)calculate deemed investment earnings and losses;
(i)interpret, administer, reconcile any inconsistency in, correct any defect in, and/or supply any omission in the Plan and any instrument, Election Notice, or agreement relating to the Plan; and
(j)exercise discretion to make any and all other determinations that it determines to be necessary or advisable for the administration of the Plan.
13.2    Non-Uniform Treatment.  The Committee’s determinations under the Plan need not be uniform and any such determinations may be made selectively among Participants.  Without limiting the generality of the foregoing, the Committee shall be entitled, among other things, to make nonuniform and selective determinations with regard to: (a) the terms or conditions of any Elective Deferral; (b) the availability of Investment Options; (c) vesting provisions for Discretionary Contributions.
13.3    Committee Decisions Final.  Subject to Section 16, all decisions made by the Committee pursuant to the provisions of the Plan shall be final and binding on the Company and the Participants, unless such decisions are determined by a court having jurisdiction to be arbitrary and capricious.
13.4    Indemnification.  No member of the Committee or any designee shall be liable for any action, failure to act, determination, or interpretation made in good faith with respect to the Plan, except for any liability arising from his or her own willful 
    17

malfeasance, gross negligence, or reckless disregard of his or her duties.  Without limiting the generality of the foregoing sentence, any decision or action taken by the Committee in reasonable reliance upon information supplied to it by the Board, the Company, legal counsel, or the Company’s independent accountants shall be deemed to have been taken in good faith.  The Committee or any such employee, officer or director of the Company may from time to time consult with counsel who may be counsel to the Company or other counsel, with respect to its obligations or duties hereunder, or with respect to any action, proceeding or question of law, and shall not be held liable with respect to any action taken or omitted, in good faith, pursuant to the advice of such counsel.  To the fullest extent permitted by applicable law, the Company shall indemnify and save harmless the Board and each member of the Committee against any and all expenses, liabilities and claims (including legal fees incurred to investigate or defend against such liabilities and claims) arising out of their discharge in good faith of responsibilities under or incident to the Plan.  Expenses and liabilities arising out of willful misconduct shall not be covered under this indemnity.  This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, as such indemnities are permitted under applicable law.  Notwithstanding any other provision of this Agreement, to the extent that any payment made pursuant to this Section 13.4 is not exempt from Section 409A pursuant to the application of Department of Treasury Regulation Section l.409A-1(b)(10) or other applicable exemption (a “409A Payment”), the following provisions of this Section 13.4 shall apply with respect to such 409A Payment: The Company shall make a 409A Payment due under this Section 13.4 by the last day of the taxable year of the indemnitee following the taxable year in which the applicable legal fees and expenses were incurred; the legal fees or expenses that are subject to reimbursement pursuant to this Section 13.4 shall not be limited as a result of when the fees or expenses are incurred; the amounts of legal fees or expenses that are eligible for reimbursement pursuant to this Section 13.4 during a given taxable year of the indemnitee shall not affect the amount of expenses eligible for reimbursement in any other taxable year; and the right to reimbursement pursuant to this Section 13.4 is not subject to liquidation or exchange for another benefit.
13.5    Delegation of Authority.  The Committee may delegate some or all of its powers with respect to the administration of the Plan to one or more employees of the Company.  Any actions taken by any employees pursuant to such delegation of authority shall be deemed to have been taken by the Committee.  Although an employee of the Company to whom the Committee delegates the authority to perform specified functions under the Plan may be eligible to participate in the Plan, all decisions with respect any such employee’s participation in the Plan shall be made solely and exclusively by the Committee.
14.Amendment and Termination.  The Board may, at any time, and in its discretion, alter, amend, modify, suspend, or terminate the Plan or any portion thereof; provided, however, that no such amendment, modification, suspension or termination shall, without the consent of a Participant, adversely affect such Participant’s rights with respect to 
    18

amounts credited to or accrued in his or her Account, whether or not vested, and provided, further, that, no payment of benefits shall occur upon termination of the Plan unless the requirements of Section 409A of the Code have been met.
15.Miscellaneous.
15.1    No Employment or Other Service Rights.  Nothing in the Plan or any instrument executed pursuant to the Plan shall confer upon any Participant any right to continue to serve the Company or interfere in any way with the right of the Company to terminate the Participant’s employment or service at any time, with or without notice, and with or without Cause.
15.2    Limitation of Rights.  Nothing in this Plan shall be construed to: (i) give any individual who is employed by the Company or any entity under common ownership or control with the Company any right to be a Participant; (ii) give a Participant any rights, other than as an unsecured general creditor the Company with respect to any amount credited to his or her Account, until such amount is actually distributed to him or her; (iii) give a Participant or any other person any interest in any fund, reserve or any specific asset of the Company or any entity under common ownership or control with the Company; or (iv) create a fiduciary relationship between the Participant and the Company.
15.3    Tax Withholding.  The Company shall have the right to deduct from any amounts otherwise payable under the Plan any Federal, state, local, or other applicable taxes required to be withheld.
15.4    Governing Law.  Except to the extent that Federal law may require otherwise, the Plan shall be administered, construed, and governed in all respects under and by the laws of Texas, without reference to the principles of conflicts of law.
15.5    Section 409A of the Code.  The Company intends that the Plan comply with the requirements of Section 409A of the Code, and the Plan shall be operated and interpreted consistent with that intent.  Notwithstanding the foregoing, the Company makes no representation that the Plan will comply with Section 409A of the Code in form or operation, and the Company shall have no liability to any Participant for any failure to comply with Section 409A of the Code.
(a)This Plan shall constitute an “account balance plan” as defined in Treas. Reg. Section 31.3121(v)(2)-1(c)(1)(ii)(A) For purposes of Section 409A of the Code, all amounts deferred under this Plan shall be aggregated with amounts deferred under other account balance plans of the Company.
15.6    General Assets; Rabbi Trust.  All amounts provided under the Plan shall be paid from the general assets of the Company, and no separate fund shall be established to secure payment.  Notwithstanding the foregoing, the Company may, but need not, establish a “rabbi trust” to assist it in funding any Plan obligations.  The assets of any 
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“rabbi trust” established under the Plan shall at all times be subject to the claims of the Company’s general creditors.  Whether or not a rabbi trust is established by the Company to assist it in funding Plan obligations, the Plan is intended to be “unfunded” for purposes of ERISA and the Code.  The Company’s obligations to Participants under the Plan, including as recorded in Participants’ Accounts, are merely unfunded unsecured promises by the Company to pay money to the Participants in the future.  No Participant has by virtue of his or her Account any right to, or prior claim on, any assets of the Company, regardless of the extent to which such assets may be associated practically with the operations of the Plan.  The Plan does not comprise or include a trust of which the Participants or their Beneficiaries are beneficiaries.  The rights of Participants and Beneficiaries to payment from the Company with respect to amounts credited to their Accounts are merely the rights of unsecured general creditors of the Company for compensation for services performed.
15.7    No Warranties.  Neither the Company nor the Committee warrants or represents that the value of any Participant’s Account will increase.  Each Participant assumes the risk in connection with the deemed investment of his or her Account.
15.8    Beneficiary Designation.
(a)Each Participant under the Plan may from time to time name any Beneficiary or Beneficiaries to receive the Participant’s interest in the Plan in the event of the Participant’s death.  Each such designation will revoke all prior designations by the same Participant, shall be in a form reasonably prescribed by the Committee, and shall be effective only when filed by the Participant in writing with the Company during the Participant’s lifetime.  If a Participant fails to designate a Beneficiary, then the Participant’s estate shall be his or her Beneficiary.
(b)Notwithstanding any provision of Section 15.8(a) that might otherwise be to the contrary, any portion of a deceased Participant’s Account that constitutes a surviving spouse’s community or other marital property shall be paid only to such surviving spouse, unless the surviving spouse has consented in writing to the Participant’s designation of a person other than the surviving spouse to receive such portion or makes a disclaimer of such portion that meets the requirements of the Code.  Additionally, if a Participant designates as his or her beneficiary a person who, after the Participant’s death, is convicted of, or pleads guilty or nolo contendere to, the Participant’s homicide, and such person’s conviction or plea is not overturned on appeal or withdrawn, then the Participant’s designation of such person as his or her Beneficiary shall be deemed to have been revoked by the Participant before he or she died.
15.9    No Assignment.  Neither a Participant nor any other person shall have any right to sell, assign, transfer, pledge, anticipate, or otherwise encumber, transfer, hypothecate or convey any amounts payable hereunder prior to the date that such 
    20

amounts are paid (except for the designation of beneficiaries pursuant to Section 15.8 or a domestic relations order under Section 12.1(a)).
15.10    Expenses.  The costs of administering the Plan shall be paid and borne by the Company.
15.11    Severability.  If any provision of the Plan is held to be invalid, illegal, or unenforceable, whether in whole or in part, such provision shall be deemed modified to the extent of such invalidity, illegality, or unenforceability, and the remaining provisions shall not be affected.
15.12    Headings and Subheadings.  Headings and subheadings in the Plan are for convenience only and are not to be considered in the construction of the provisions hereof.
15.13    Electronic Documents and Delivery.  Any reference in this Plan to any document to be provided to or by, or to any communication to or by, a Participant, including any reference to any notice, notification, election, election form, or statement, includes such documents and communications in electronic form, delivered electronically, to the extent that the Committee chooses to use and/or accept electronic documents and communications.  Electronic signatures shall have under the Plan the fullest force and effect permitted by applicable law.
15.14    Set-Offs and Recoupments.  If as of the date that payment would otherwise be made under Section 10 in connection with any Payment Event a Participant or Beneficiary owes an outstanding monetary obligation to the Company, including any loan, judgment, claim for damages, or clawback of any kind and under any legal or equitable principle or policy, including any statute or regulation, the Company may satisfy all or part of such outstanding monetary obligation by taking all or part of the amount that would otherwise be distributed to the Participant or Beneficiary in connection with such Payment Event.  To the extent required by applicable law, the Company shall treat any such taken amount as compensation income of the Participant or Beneficiary, subject to tax reporting and withholding.
16.Claims Procedures.
16.1    Filing a Claim.  Any Participant or other person claiming an interest in the Plan (the “Claimant”) may file a claim in writing with the Committee.  The Committee shall review the claim itself or appoint an individual or entity to review the claim.
16.2    Claim Decision.  The Claimant shall be notified within ninety (90) days after the claim is filed whether the claim is approved or denied, unless the Committee determines that special circumstances beyond the control of the Plan require an extension of time, in which case the Committee may have up to an additional ninety (90) days to process the claim.  If the Committee determines that an extension of time for processing is required, the Committee shall furnish written or electronic notice of the extension to 
    21

the Claimant before the end of the initial ninety (90) day period.  Any notice of extension shall describe the special circumstances necessitating the additional time and the date by which the Committee expects to render its decision.
16.3    Notice of Denial.  If the Committee denies the claim, it must provide to the Claimant, in writing or by electronic communication, a notice which includes:
(a)The specific reason(s) for the denial;
(b)Specific reference to the pertinent Plan provisions on which such denial is based;
(c)A description of any additional material or information necessary for the Claimant to perfect his or her claim and an explanation of why such material or information is necessary;
(d)A description of the Plan’s appeal procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA following a denial of the claim on appeal; and
(e)If an internal rule was relied on to make the decision, either a copy of the internal rule or a statement that this information is available at no charge upon request.
16.4    Appeal Procedures.  A request for appeal of a denied claim must be made in writing to the Committee within sixty (60) days after receiving notice of denial.  The decision on appeal will be made within sixty (60) days after the Committee’s receipt of a request for appeal, unless special circumstances require an extension of time for processing, in which case a decision will be rendered not later than one hundred twenty (120) days after receipt of a request for appeal.  A notice of such an extension must be provided to the Claimant within the initial sixty (60) day period and must explain the special circumstances and provide an expected date of decision.  The reviewer shall afford the Claimant an opportunity to review and receive, without charge, all relevant documents, information, and records and to submit issues and comments in writing to the Committee.  The reviewer shall take into account all comments, documents, records and other information submitted by the Claimant relating to the claim regardless of whether the information was submitted or considered in the initial benefit determination.
16.5    Notice of Decision on Appeal.  If the Committee denies the appeal, it must provide to the Claimant, in writing or by electronic communication, a notice which includes:
(a)The specific reason(s) for the denial;
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(b)Specific references to the pertinent Plan provisions on which such denial is based;
(c)A statement that the Claimant may receive on request all relevant records at no charge;
(d)A description of the Plan’s voluntary procedures and deadlines, if any;
(e)A statement of the Claimant’s right to sue under Section 502(a) of ERISA; and
(f)If an internal rule was relied on to make the decision, either a copy of the internal rule or a statement that this information is available at no charge upon request.
16.6    Claims Procedures Mandatory.  The internal claims procedures set forth in this Section 16 are mandatory.  If a Claimant fails to follow these claims procedures, or to timely file a request for appeal in accordance with this Section 16, the denial of the Claim shall become final and binding on all persons for all purposes. 
17.Disability Claims Procedures.
17.1    Filing a Disability Claim.  This Section 17 applies to any claim for benefits under the Plan that requires an independent determination by the Committee of a Participant’s disability status (a “Disability Claim”).  A Claimant must file a Disability Claim in writing with the Committee.  The Committee shall review the Disability Claim itself or appoint an individual or entity to review the Disability Claim.  The Committee shall ensure that all Disability Claims and appeals of Disability Claims are judged in a manner designed to ensure the independence and impartiality of the persons involved in making the decision.
17.2    Disability Claim Decision.  The Claimant shall be notified of the Plan’s benefit determination within a reasonable period of time, but no later than forty-five (45) days after receipt of the Disability Claim.  If, due to matters beyond the control of the Plan, the Committee needs additional time to process a Disability Claim, the Claimant will be notified, within forty-five (45) days after the Committee receives the Disability Claim, of those circumstances and of when the Committee expects to make its decision, but not beyond seventy-five (75) days after receipt of the Disability Claim.  If, prior to the end of the extension period, due to matters beyond the control of the Plan, a decision cannot be rendered within that extension period, the period for making the determination may be extended for up to an additional thirty (30) days (for a total of one hundred five (105) days after receipt of the Disability Claim), provided that the Committee notifies the Claimant prior to the end of the first extension of the circumstances requiring the extension and the date as of which the Plan expects to render a decision.  Any extension notice shall specifically explain the standards on which entitlement to a disability benefit 
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is based, the unresolved issues that prevent a decision on the Disability Claim and the additional information needed from the Claimant to resolve those issues, and the Claimant shall be afforded at least forty-five (45) days within which to provide the specified information.
17.3    Notice of Denial.  In the case of a denial, the Committee will provide a notification in a culturally and linguistically appropriate manner (as described in Department of Labor Regulation Section 2560.503-l(o)) that shall set forth:
(a)The specific reasons for the denial;
(b)A reference to the specific provisions of the Plan on which the denial is based;
(c)A description of any additional material or information necessary for the Claimant to perfect the Disability Claim and an explanation of why such material or information is necessary;
(d)A description of the Plan’s appeal procedures and the time limits applicable to such procedures;
(e)A statement of the Claimant’s right to bring a civil action under ERISA Section 502(a) following a denial on appeal;
(f)A discussion of the decision, including an explanation of the basis for disagreeing with or not following:
(i)the views presented by the Claimant of health care professionals treating the Claimant and vocational professionals who evaluated the Claimant;
(ii)the views of medical or vocational experts whose advice was obtained on behalf of the Plan in connection with a Claimant’s denial, without regard to whether the advice was relied upon in making the benefit determination; and
(iii)a disability determination regarding the Claimant presented by the Claimant made by the Social Security Administration.
(g)If the denial is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the Claimant’s medical circumstances, or a statement that such explanation will be provided free of charge upon request;
(h)Either the specific internal rules, guidelines, protocols, standards or other similar criteria of the Plan relied upon in making the denial or, alternatively, 
    24

a statement that such rules, guidelines, protocols, standards or other similar criteria of the Plan do not exist; and
(i)A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant’s Disability Claim.  Whether a document, record, or other information is relevant to a Disability Claim shall be determined by Department of Labor Regulation Section 2560.503-1(m)(8).
17.4    Disability Claim Appeal Procedures.  If the Committee denies the Disability Claim, in whole or in part, the Claimant shall have the opportunity for a full and fair review by the Committee of the denial, as follows:
(a)The Claimant must submit an appeal in writing to the Committee within one hundred eighty (180) days following receipt of the initial Disability Claim denial;
(b)Prior to a denial of the Disability Claim on appeal, the Claimant shall be given, free of charge, any new or additional evidence considered, relied upon, or generated by the Plan or other person making the benefit determination in connection with the Disability Claim, or any new or additional rationale used as a basis for denial, as soon as possible and sufficiently in advance of the date on which the notice of the denial on appeal is required to be provided, to give the Claimant a reasonable opportunity to respond prior to that date.
(c)The Claimant shall be given the opportunity to submit written comments, documents, and records to the Committee, and shall be provided upon request, without charge, all relevant (as defined in applicable ERISA regulations) documents, records and other information relating to the Disability Claim. The reviewer shall take into account all comments, documents, records and other information submitted by the Claimant relating to the Disability Claim regardless of whether the information was submitted or considered in the initial benefit determination.
(d)The Disability Claim will be reviewed by an individual or committee who did not make the initial determination that is subject of the appeal, nor by a subordinate of the individual who made the determination, and the review shall be made without deference to the initial denial.  If the initial denial was based in whole or in part on a medical judgment, the Committee will consult with a health care professional with appropriate training and experience in the field of medicine involving the medical judgment.  The health care professional who is consulted on appeal will not be the same individual who was consulted during the initial determination or the subordinate of such individual.  If the Committee obtained the advice of medical or vocational experts in making the initial denial (regardless of whether the advice was relied upon), the Committee will identify such experts.
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(e)The Committee shall notify the Claimant of the Plan’s benefit determination on appeal within forty-five (45) days after receiving the request for review.  If the Committee determines that special circumstances require additional time for processing the Disability Claim, the Committee can extend the response period by an additional forty-five (45) days by notifying the Claimant in writing, prior to the end of the initial 45-day period that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Committee expects to render its decision.
17.5    Notice of Decision on Appeal.  In the case of a denial on appeal, the Committee will provide a notification in a culturally and linguistically appropriate manner (as described in Department of Labor Regulation Section 2560.503-1 (o)) that shall set forth:
(a)The specific reasons for the denial;
(b)Reference to the specific provisions of the Plan on which the decision is based;
(c)A statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the Claimant’s Disability Claim;
(d)A statement describing any voluntary appeal procedures offered by the Plan and the Claimant’s right to obtain the information about such procedures;
(e)A statement of the Claimant’s right to bring a civil action under ERISA Section 502(a) which shall describe any applicable contractual limitations period that applies to the Claimant’s right to bring such an action, including the calendar date on which the contractual limitations period expires for the Disability Claim;
(f)A discussion of the decision, including an explanation of the basis for disagreeing with or not following:
(i)the views presented by the Claimant or health care professionals treating the Claimant and vocational professionals who evaluated the Claimant;
(ii)the views of medical or vocational experts whose advice was obtained on behalf of the Plan in connection with a Claimant’s denial, without regard to whether the advice was relied upon in making the benefit determination; and
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(iii)a disability determination regarding the Claimant presented by the Claimant made by the Social Security Administration.
(g)If the denial is based on a medical necessity or experimental treatment or similar exclusion or limit, either an explanation of the scientific or clinical judgment for the determination, applying the terms of the Plan to the Claimant’s medical circumstances, or a statement that such explanation will be provided free of charge upon request; and
(h)Either the specific internal rules, guidelines, protocols, standards or other similar criteria of the Plan relied upon in making the denial or, alternatively, a statement that such rules, guidelines, protocols, standards or other similar criteria of the Plan do not exist.
17.6    Mandatory Exhaustion of Claims Procedures.  The claims and appeal procedures set forth in Section 17 are mandatory.  A Claimant must follow the claims and appeal procedures under this Plan and exhaust his or her administrative remedies before being entitled to take any further action with respect to a Disability Claim under the Plan.  Failure to follow these claims and appeal procedures will result in the denial of the Disability Claim becoming final and binding on all persons for all purposes.
Except with respect to de minimis failures, if the Plan fails to strictly adhere to all the requirements of this claims procedure with respect to a Disability Claim, the Claimant is deemed to have exhausted the administrative remedies available under the Plan and shall be entitled to pursue any available remedies under ERISA Section 502(a).  The Claimant may request a written explanation of the failure from the Plan, and the Plan must provide such explanation within ten (10) days, including a specific description of its basis, if any, for asserting that the failure should not cause the administrative remedies to be deemed exhausted.  If a court rejects the Claimant’s request for immediate review on the basis that the Plan met the standards for the exception, the Disability Claim shall be considered as re filed on appeal upon the Plan’s receipt of the decision of the court.  Within a reasonable time after the receipt of the decision, the Plan shall provide the Claimant with notice of the resubmission.

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IN WITNESS WHEREOF, Texas Capital Bancshares, Inc. has adopted this Plan as of the Effective Date written above.
TEXAS CAPITAL BANCSHARES, INC.

By:                        

Name:                         
Title:                         

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