Document:

EX-10.6

 Exhibit 10.6 

COMMUNITY BANCORP LLC 

2010 CLASS C INCENTIVE UNIT AWARD PLAN 

Community Bancorp LLC, a Delaware limited liability company (including any successor entity that assumes this plan, the
“Company”), has adopted this Community Bancorp LLC 2010 Class C Incentive Unit Award Plan (the “Plan”), as amended, modified or supplemented from time to time, effective June 30, 2010 for the benefit of
its eligible employees, its Directors, its Offering Manager and its Structuring Advisor (each as defined below). The purpose of this Plan is to provide such persons and entities with an opportunity to participate in the Company’s future income
and appreciation by issuing equity Awards (as defined below) in the Company to them and to enhance the Company’s ability to attract and retain individuals of exceptional talent to contribute to the sustained progress, growth and profitability
of the Company. 
 Pursuant to this Plan, Participants (as defined below) will be granted an award of Class C Incentive Units (as
defined below) (each an “Award” and collectively the “Awards”) and will thereby become Members (as defined below) of the Company. The Class C Incentive Units so acquired shall be governed by, and will be
subject to, the transfer and other restrictions contained in (a) this Plan, (b) a Class C Incentive Unit Agreement to be executed by and between the Company and each such Participant and (c) the LLC Agreement (as defined below).

 ARTICLE I. 

DEFINITIONS 
 Whenever the
following terms are used in this Plan, they shall have the meaning specified below unless the context clearly indicates to the contrary. Any other capitalized terms used in this Plan but not otherwise defined herein shall have their respective
meaning set forth in the LLC Agreement. The masculine pronoun shall include the feminine and neuter and the singular shall include the plural, where the context so indicates. 

1.1 Affiliate. “Affiliate” with respect to any Person shall mean (i) any other Person who controls, is controlled
by or is under common control with such Person or (ii) any director or officer of such Person or any Person specified in clause (i) above. As used in this definition, “control” (including its correlative meanings,
“controlled by” and “under common control with”) shall mean possession, directly or indirectly, of power to direct or cause the direction of management or policies (whether through
ownership of securities or partnership, membership or other ownership interests, by contract or otherwise). 
 1.2 Award.
“Award” shall have the meaning set forth in the Preamble. 
 1.3 Board. “Board” shall mean the
board of directors of the Company. 
 1.4 Capital Contribution. “Capital Contribution” shall mean a capital
contribution by a Member to the Company in accordance with the terms of the LLC Agreement. 
 1.5 Cause. “Cause,”
with respect to any Participant, shall mean Cause as defined in such Participant’s applicable Class C Incentive Unit Agreement. 

 1.6 Class C Incentive Unit Agreement. “Class C Incentive
Unit Agreement” shall mean the Class C Incentive Unit Agreement, as amended, modified or supplemented from time to time, pursuant to which Class C Incentive Units shall be issued to a Participant under this Plan. 

1.7 Class C Incentive Units. “Class C Incentive Units” shall mean Class C Incentive
Units of the Company as defined in the LLC Agreement. 
 1.8 Code. “Code” shall mean the Internal Revenue Code of
1986, as amended, or any successor statute or statutes thereto. Reference to any particular Code section shall include any successor section, and any regulations promulgated thereunder. 

1.9 Committee. “Committee” shall have the meaning set forth in Section 5.1. 

1.10 Company. “Company” shall have the meaning set forth in the Preamble. 

1.11 Director. “Director” shall mean a member of the Board. 

1.12 Director Units. “Director Units” shall mean Class C Incentive Units reserved under the Plan for grant
to Directors pursuant to Section 2.1 of this Plan and Section 3(d) of the LLC Agreement. 
 1.13
Employee. “Employee” shall mean any officer or other employee of the Company or any Subsidiary of the Company. A Participant shall not cease to be an Employee in the case of (i) any leave of absence approved by the
Company or a Subsidiary of the Company or (ii) transfers between locations of the Company or between the Company or a Subsidiary of the Company, or any successor of the foregoing. 

1.14 Employee Units. “Employee Units” shall mean Class C Incentive Units reserved under the Plan for grant
to Employees pursuant to Section 2.1 of this Plan and Section 3(d) of the LLC Agreement. 
 1.15
Encumbrance. “Encumbrance” shall mean a pledge, alienation, mortgage, hypothecation, encumbrance or similar collateral assignment by any other means, whether for value or no value and whether voluntary or involuntary
(including, without limitation, by operation of law or by judgment, levy, attachment, garnishment, bankruptcy or other legal or equitable proceedings). The term “Encumber” shall have a correlative meaning. 

1.16 Equity Securities. “Equity Securities” shall mean, as to any Person (i) shares of capital stock,
Units, units or other equity interests in such Person, (ii) obligations, evidences of indebtedness or other securities or interests convertible or exchangeable into capital stock, Units, units or other equity interests in such Person and
(iii) subscriptions, calls, warrants, options or commitments of any kind or character relating to, or entitling any Person to purchase or otherwise acquire, any capital stock, Units, units or other equity interests in such Person. 

1.17 Exchange Act. “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any successor
statute or statutes thereto. Reference to any particular Exchange Act section shall include any successor section. 

  
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 1.18 Governmental Authority. “Governmental Authority” shall mean
any nation or government (including, without limitation, the government of the United States), any state, county, municipal or other political subdivision thereof and any Person exercising legislative, judicial, regulatory or administrative
functions of or pertaining to the government. 
 1.19 Initial Closing. “Initial Closing” shall mean the
initial closing of the sale of Class A Common Units and Class B Non-Voting Common Units pursuant to the terms and conditions described in that certain Offering Memorandum of the Company, dated
July 2, 2010 (as amended, revised or supplemented). 
 1.20 LLC Agreement. “LLC Agreement” shall mean
the Limited Liability Company Agreement of the Company, as amended, modified or supplemented from time to time. 
 1.21 Members.
“Members” shall mean the members of the Company under the LLC Agreement. 
 1.22 Offering Manager.
“Offering Manager” means Sandler O’Neill + Partners, L.P. 
 1.23 Offering Manager Units.
“Offering Manager Units” shall mean Class C Incentive Units reserved under the Plan for grant to the Offering Manager pursuant to Section 2.1 of this Plan and Section 3(d) of the LLC
Agreement. 
 1.24 Participant. “Participant” shall mean any Employee who is selected by the Committee to receive an
Award pursuant to the provisions of Section 3.1 hereof, each Director, the Structuring Advisor and the Offering Manager, in each case who or which executes a Class C Incentive Unit Agreement pursuant to the provisions
of Section 3.2 hereof, and who joins the LLC Agreement as a Class C Member thereunder. 
 1.25 Person.
“Person” shall mean and include an individual, a corporation, a partnership, a limited liability company, a joint venture, a trust, an unincorporated organization and a government or any department or agency thereof, or any entity
similar to any of the foregoing. 
 1.26 Plan. “Plan” shall mean this Community Bancorp LLC 2010 Class C
Incentive Unit Award Plan, as amended, modified or supplemented from time to time. 
 1.27 Rule
16b-3. “Rule 16b-3” shall mean that certain Rule 16b-3 under the Exchange Act, as such rule may be
amended from time to time. 
 1.28 Sale of the Company. “Sale of the Company” shall mean any of
the following: (a) a merger or consolidation of the Company into or with any other Person or Persons, or a sale, exchange or other disposition of Units in a single transaction or a series of transactions (other than a sale from, or acquisition
by, the Company), in which in any case the Members of the Company or their Affiliates immediately prior to such merger, consolidation, sale, exchange, or other disposition or first of such series of transactions cease to own, directly or indirectly,
at least a majority of the voting power of, and equity interests in, the Company’s or any successor entity’s issued and outstanding capital securities immediately after such transaction or series of such transactions; or (b) a single
transaction or series of transactions, pursuant to which a Person 

  
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or Persons who are not Affiliates of the Company acquire all or substantially all of the Company’s and/or any of its Subsidiaries’ assets determined on a consolidated basis. The
Committee, in its absolute discretion, shall determine the effect of all matters and questions relating to the Sale of the Company including, but not by way of limitation, when a Sale of the Company has occurred. 

1.29 Subsidiary. “Subsidiary” shall mean, with respect to a specified Person, any other Person of which a majority of
the outstanding voting securities or other voting equity interests are owned, directly or indirectly, by the specified Person. 
 1.30
Structuring Advisor. “Structuring Advisor” shall mean Sageview Capital LP. 
 1.31 Structuring Advisor
Units. “Structuring Advisor Units” shall mean Class C Incentive Units reserved under the Plan for grant to the Structuring Advisor pursuant to Section 2.1 of this Plan and Section
3(d) of the LLC Agreement. 
 1.32 Termination of Service. “Termination of Service” shall mean the
termination, for any reason, including without limitation death, disability, resignation, retirement or termination with or without Cause, at any time, of (i) in the case of an Employee, the Employee’s employment with the Company (or any
of its Subsidiaries), but excluding any termination which includes simultaneous reemployment or continuous employment of the Participant by the Company (or any of its Subsidiaries), and (ii) in the case of a Director, of the Director’s
membership on the Board. The Committee, in its absolute discretion, shall determine the effect of all matters and questions relating to Termination of Service, including, but not by way of limitation, when a Termination of Service is effective, the
question of whether a Termination of Service resulted from a discharge for Cause, and all questions of whether particular leaves of absence constitute Terminations of Service. Notwithstanding any other provision of this Plan, the Company (or its
Subsidiaries) has an absolute and unrestricted right to terminate an Employee’s employment at any time for any reason whatsoever, with or without Cause, except to the extent expressly provided otherwise in writing 

1.33 Transfer. “Transfer” shall mean, with respect to any Member, any sale, conveyance, exchange, assignment, gift,
bequest or other transfer or disposition (whether direct or indirect, by operation of law or by any other means), of all or any part of such Member’s Units in the Company, whether for value or no value and whether voluntary or involuntary
(including, without limitation, by realization upon any Encumbrance or by operation of law or by judgment, levy, attachment, garnishment, bankruptcy or other legal or equitable proceedings) or an agreement to do any of the foregoing. 

1.34 Units. “Units” means the Class A Common Units (as defined in the LLC Agreement), Class B Non-Voting Common Units (as defined in the LLC Agreement), Class C Incentive Units and any Additional Units (as defined in the LLC Agreement) issuing pursuant to the LLC Agreement (including, in the case of
Class C Incentive Units, pursuant to this Plan). 

  
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 ARTICLE II. 

CLASS C INCENTIVE UNITS SUBJECT TO PLAN 

2.1 Amount of Awards Subject to Plan. The Awards that may be granted under this Plan shall be Class C Incentive Units. Subject to
the provisions of Section 6.3 hereof, the aggregate number of Class C Incentive Units which may be granted under the Plan is described in Section 3(d) of the LLC Agreement. 

2.2 Effect of Forfeitures. To the extent that any Award of Employee Units or Director Units is forfeited by a Participant, the
Class C Incentive Units covered by such Award may thereafter be awarded or re-granted under this Plan to Employees or Directors, as the case may be, subject to the limitations of
Section 2.1 hereof on the total amount of Class C Incentive Units that may be issued as Awards under this Plan. 

ARTICLE III. 
 AWARDS

 3.1 Awards. 
 (a)
The Committee may from time to time, in its sole and absolute discretion: 
 (i) Select those Employees who in its opinion
should receive Awards of Employee Units; and 
 (ii) Determine the purchase price, if any, form of payment for Awards and
other terms and conditions applicable to such Awards, including provisions for vesting and forfeiture, consistent with this Plan and the LLC Agreement. 

(b) Upon the selection of an Employee to receive an Award of Employee Units, the Committee shall grant such Awards and may impose such
conditions on the issuance of such Awards as the Committee deems appropriate; provided, however, that no such condition may be inconsistent with the terms of the LLC Agreement. 

(c) At the Initial Closing, (i) Robert K. Steel and William B. Harrison, Jr. shall each be granted 40.43% of all the Director Units,
(ii) Marc J. Shapiro shall be granted 16.17% of all the Director Units and (iii) J. Richard Fredericks shall granted 2.97% of all the Director Units. 

(d) At the Initial Closing, the Structuring Advisor shall be granted all of the Structuring Advisor Units. 

(e) At the Initial Closing, the Offering Manager shall be granted all of the Offering Manager Units. 

3.2 Class C Incentive Unit Agreement. Awards shall be issued only pursuant to a Class C Incentive Unit Agreement, which shall be
executed by the selected Employee, Director, Structuring Advisor and Offering Manager, and an officer of the Company designated by the Committee on behalf of the Company, and which shall contain such terms and conditions as the

  
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Committee shall determine, consistent with this Plan and with the terms of the LLC Agreement. Upon receipt of an Award, a Participant shall, automatically and without further action on his or her
part, be deemed to be a party to, signatory of and bound by the LLC Agreement. At the Company’s request, such Participant shall execute the LLC Agreement. All Awards issued under this Plan shall be subject to the terms of the LLC Agreement and
shall, in the terms of each individual Class C Incentive Unit Agreement, be subject to such additional terms, conditions or restrictions as the Committee shall determine, which terms, conditions or restrictions may include, without limitation,
restrictions concerning transferability, provisions regarding distributions from the Company and, as to Employee Units and Director Units, vesting conditions based on duration of employment or service with the Company and, in the case of Employee
Units, performance by Employees of the Company or Company performance. 
 3.3 Eligibility. An Award of Class C Incentive Units
may only be issued to a Participant for the performance of services to or for the benefit of the Company and its Subsidiaries (i) in the Participant’s capacity as a Member, (ii) in anticipation of the Participant becoming a Member, or
(iii) as otherwise determined by the Committee, provided that the Class C Incentive Units would constitute partnership “profits interests” within the meaning of the Code, Treasury Regulations promulgated thereunder and any
published guidance by the Internal Revenue Service with respect thereto. 
 3.4 Rights as Members. Upon the grant to a Participant of
an Award pursuant to this Plan, the Participant shall have, unless otherwise provided by the Committee, all the rights and obligations of a Member holding Class C Incentive Units with respect to said Award as provided in this Plan and the LLC
Agreement, subject to the restrictions in his or her Class C Incentive Unit Agreement and the LLC Agreement. As set forth in the LLC Agreement, the Participants shall not, by virtue of their holding Awards, have the right to influence or
control the management or operation of the Company. 
 3.5 Escrow. The Committee or such other escrow holder as the Committee may
appoint shall retain physical custody of each certificate, if any, representing any Award issued hereunder until all of the restrictions, if any, imposed under the Class C Incentive Unit Agreement with respect to the Award evidenced by such
certificate expire or shall have been removed. 
 ARTICLE IV. 

RESTRICTIONS ON AWARDS 

4.1 Forfeiture of Awards. Unless otherwise determined by the Committee, upon any Termination of Service of a Participant who is an
Employee or Director, such Participant’s Award and all Class C Incentive Units subject thereto, to the extent not vested as of the date of such Termination of Service (and the Participant’s Capital Account attributable to such
Class C Incentive Units), shall thereupon automatically and without further action be cancelled and forfeited by such Participant, and such Participant shall have no further right or interest in or with respect to such unvested Class C
Incentive Units. Structuring Advisor Units and Offering Manager Units shall not be subject to forfeiture. 

  
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 4.2 Restrictions on Class C Incentive Units. In addition to any
applicable transfer restrictions, repurchase rights and other restrictions set forth in the LLC Agreement with respect to the Class C Incentive Units, the Class C Incentive Units shall be subject to such restrictions as the Committee shall
determine in its sole discretion, including, without limitation, transfer restrictions, repurchase rights, requirements that Class C Incentive Units be transferred in the event of certain transactions, and voting agreements. Such restrictions
may, in the Committee’s sole discretion, be contained in the applicable Class C Incentive Unit Agreement or in such other agreement as the Committee shall determine, in each case in a form determined by the Committee in its sole
discretion. The issuance of the Class C Incentive Units shall be conditioned on the Participant’s consent to such restrictions or the Participant’s entering into such agreement or agreements. 

4.3 Legend. In order to enforce the restrictions imposed upon the Class C Incentive Units issued pursuant to Awards granted
hereunder, the Committee shall cause a legend or legends to be placed on certificates, if any, representing the Awards that are still subject to restrictions under the Class C Incentive Unit Agreements, which legend or legends shall make
appropriate reference to the conditions imposed thereby. 
 ARTICLE V. 

ADMINISTRATION 
 5.1
Committee. Prior to the Company’s conversion to a corporation (or other entity treated as a corporation for federal income tax purposes) (a “C-Corporation”) and the initial
registration of the common stock of such C-Corporation under Section 12 of the Exchange Act, the “Committee” shall be the Governance and Compensation Committee of the Board. Following
such registration, the Committee shall be a committee of the Board of Directors of the Company that complies with Rule 16b-3 and Section 162(m) of the Code. 

5.2 Duties and Powers of Committee. It shall be the duty of the Committee to conduct the general administration of this Plan in
accordance with its provisions. The Committee shall have the power to interpret this Plan and the Class C Incentive Unit Agreements pursuant to which Awards are issued, and to adopt such rules for the administration, interpretation, and
application of this Plan as are consistent therewith and to interpret, amend or revoke any such rules. Any Award under this Plan need not be the same with respect to each Participant. 

5.3 Governance of Committee. The governance of the Committee shall be subject to the applicable provisions of the LLC Agreement. 

5.4 Professional Assistance; Good Faith Actions; Compensation. All expenses and liabilities which members of the Committee incur in
connection with the administration of this Plan shall be borne by the Company. The Committee may employ attorneys, consultants, accountants, appraisers, brokers, or other Persons in connection with the administration of this Plan. The Committee, the
Company and the Company’s officers shall be entitled to rely upon the advice, opinions or valuations of any such Persons. All actions taken and all interpretations and determinations made by the Committee in good faith shall be final and
binding upon all Participants, the Company and all other interested Persons. No members of the Committee shall 

  
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be personally liable for any action, determination or interpretation made in good faith with respect to this Plan, including grant of Awards, and all members of the Committee shall be fully
protected by the Company in respect of any such action, determination or interpretation. The members of the Committee shall serve without compensation for their services as representatives of the Committee. 

ARTICLE VI. 

MISCELLANEOUS PROVISIONS 

6.1 Governing Documents; Restrictions on Transfer of Awards. Each Award granted to a Participant under this Plan is subject to the
terms of the Class C Incentive Unit Agreement pursuant to which such Award was issued and the applicable provisions of this Plan and the LLC Agreement, including, without limitation, any applicable provisions regarding a Sale of the Company and
the restrictions on Transfer of Class C Incentive Units. Any permitted transferee of an Award shall take such Award subject to the terms of this Plan, the Class C Incentive Unit Agreement pursuant to which such Award was issued, and the
LLC Agreement. Any Transfer of an Award which is not made in compliance with the Plan, the LLC Agreement and the Class C Incentive Unit Agreement pursuant to which such Award was issued shall be null and void ab initio and of no force or
effect, and further, such Award may be cancelled and forfeited by the Participant pursuant to the LLC Agreement. 
 6.2 Amendment,
Suspension or Termination of this Plan. Except as otherwise provided in this Section 6.2, this Plan may be wholly or partially amended or otherwise modified, suspended or terminated at any time and from time to time by
the Board; provided, however, that any amendment that requires Member approval under applicable law or under the LLC Agreement shall be subject to such approval to the extent required to comply with such law. No amendment, suspension
or termination of this Plan shall, without the consent of the holder of an Award, materially alter or impair any rights or obligations under such Award theretofore granted or awarded, unless the Award itself otherwise expressly so provides. No Award
may be granted or awarded during any period of suspension or after termination of this Plan. 
 6.3 Changes in Capitalization and Other
Similar Events. 
 (a) Subject to the LLC Agreement and Section 6.3(a)(ii) below, in the event that the Committee determines, in
its sole discretion, that any distribution (whether in the form of cash, additional Class C Incentive Units, other Equity Securities, or other property), any Capital Contributions, any recapitalization, reclassification, reorganization, change
to organizational form, merger, consolidation, split-up, spin-off, combination, repurchase, liquidation, dissolution, or sale, transfer, exchange or other disposition of
all or substantially all of the assets of the Company (including, but not limited to, a Sale of the Company), or exchange of Class C Incentive Units or other Equity Securities of the Company, issuance of warrants or other rights to purchase
Class C Incentive Units or other Equity Securities of the Company, or other similar transaction or event, affects the Class C Incentive Units such that an adjustment is determined by the Committee to be appropriate in order to prevent
dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to an Award, then the Committee shall, in such manner as it may deem equitable, adjust any or all of: 

(I) the number of Class C Incentive Units or the number and kind of Equity Securities with respect to which Awards may be
granted under the Plan (including, but not limited to, adjustments of the limitations in Section 2.1 on the maximum number and kind of Class C Incentive Units or Equity Securities which may be issued); 

  
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 (II) the number of Class C Incentive Units or the number and kind of Equity
Securities subject to outstanding Awards; 
 (III) the purchase price, if any, with respect to any Award; and 

(IV) any other provisions of an Award which the Committee deems appropriate. 

(b) In the event of any Sale of the Company or other transaction or event described in Section 6.3(a) or any extraordinary or
nonrecurring transactions or events affecting the Company, any Subsidiary of the Company, or the financial statements of the Company or any Subsidiary, or of changes in applicable laws, regulations, or accounting principles, the Committee in its
discretion, and on such terms and conditions as it deems appropriate, and subject to the LLC Agreement, is hereby authorized to take any one or more of the following actions whenever the Committee determines that such action is appropriate in order
to prevent dilution or enlargement of the benefits or potential benefits intended to be made available under the Plan or with respect to any Award under this Plan, to facilitate such transactions or events or to give effect to such changes in laws,
regulations or principles: 
 (i) The Committee may provide, either by the terms of the agreement governing such transaction
or by action taken prior to the occurrence of such transaction or event and either automatically or upon the Participant’s request, for either (A) the purchase of all or any portion of such Award for an amount of cash equal to the amount
that could have been attained upon the realization of the Participant’s rights had such Award (or portion thereof) been fully vested, or (B) the replacement of such Award with other rights or property selected by the Committee in its sole
discretion, which replacement award may be subject to vesting or the lapsing of restrictions, as applicable, on terms not substantially less favorable in the aggregate to the affected Participant than the terms of the Award for which such
replacement award is substituted; 
 (ii) The Committee may provide, either by the terms of such Award or by action taken
prior to the occurrence of such transaction or event, that upon such event, such Award be assumed by the successor or survivor entity, or a parent or subsidiary thereof, or shall be substituted for by similar awards covering the Equity Securities of
the successor or survivor entity, or a parent or subsidiary thereof, with appropriate adjustments as to the number and kind of Equity Securities subject to such Award and prices thereof; 

(iii) The Committee may make adjustments in the number and type of Class C Incentive Units (or other Equity Securities or
property) subject to outstanding Awards and/or in the terms and conditions of (including the purchase price, the repurchase price or the vesting schedule), and the criteria included in, outstanding Awards and the related agreements and Awards which
may be granted in the future; and 
 (iv) As to an Award subject to vesting, the Committee may provide that such Award cannot
vest or become payable after such transaction or event. 

  
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 (c) Notwithstanding anything to the contrary herein or in any Award, upon the consummation of a
Corporate Conversion, the treatment of the Class C Incentive Units shall be determined pursuant to and in accordance with the Section 14 of the LLC Agreement. 

(d) Subject to Section 6.3(b), the Committee may, in its discretion, include such further provisions and limitations in any Award as it
may deem equitable and in the best interests of the Company with respect to any event described in this Section 6.3. 

6.4 Section 83(b) Election. Unless otherwise determined by the Board in its sole discretion, each Participant who is granted an Award
under the Plan shall be required to make an election under Section 83(b) of the Code with respect to the Class C Incentive Units covered by such Award, and the grant of such Award shall be conditioned on the Participant making such Section
83(b) election. 
 6.5 Tax Withholding. The Company may withhold from each Participant’s wages or distributions, or require each
Participant to pay to the Company, any applicable withholding or employment taxes imposed with respect to the issuance of any Award hereunder, the vesting or lapse of any restrictions imposed on such Award, or the ownership or disposition of any
Class C Incentive Units. 
 6.6 Compliance with Laws. This Plan, the granting and vesting of Awards under this Plan, the
issuance and delivery of Class C Incentive Units pursuant to the Awards, and the payment of money under this Plan or under the Awards granted hereunder are subject to compliance with all applicable federal and state laws, rules and regulations
(including, but not limited to, state and federal securities law and federal margin requirements) and to such approvals by any listing, regulatory or Governmental Authority as may, in the opinion of counsel for the Company, be necessary or advisable
in connection therewith. Any Equity Securities delivered under this Plan shall be subject to such restrictions, and the Person acquiring such Equity Securities shall, if requested by the Company, provide such assurances and representations to the
Company as the Company may deem necessary or desirable to assure compliance with all applicable legal requirements. To the extent permitted by applicable law, the Plan and any Awards awarded hereunder shall be deemed amended to the extent necessary
to conform to such laws, rules and regulations. 
 6.7 Headings. Headings are provided herein for convenience only and are not to
serve as a basis for interpretation or construction of this Plan. 
 6.8 Governing Law. This Plan and any agreements hereunder shall
be administered, interpreted and enforced under the internal laws of the State of Delaware without regard to conflicts of laws thereof. In the event of a conflict between the terms of this plan and the LLC Agreement, the provisions of the LLC
Agreement shall govern. 

  
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 6.9 Section 409A. No Award or Class C Incentive Unit is intended to constitute or
provide for “nonqualified deferred compensation” within the meaning of Section 409A of the Code. To the extent that the Committee determines that any Award granted under the Plan is subject to Section 409A of the Code, the Class C
Incentive Unit Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. Notwithstanding any provision of the Plan to the contrary, in the event that following the effective date hereof the
Committee determines that any Award may be subject to Section 409A of the Code and related Department of Treasury guidance (including such Department of Treasury guidance as may be issued after the effective date hereof), the Committee may adopt
such amendments to the Plan and the applicable Class C Incentive Unit Agreement or adopt other policies and procedures (including amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee
determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section
409A of the Code and related Department of Treasury guidance. 

  
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 I hereby certify that the foregoing Plan was duly adopted by the Members of the Company on
June 28, 2010. 
 Executed on June 30, 2010. 

 

			
	By:	 	 /s/ Paul B. Murphy

	Name:	 	Paul B. Murphy Jr.
	Title:	 	Chief Executive Officer

 [Profits Interest Award Plan]EX-10.7

 Exhibit 10.7 

 
 

 
 CADENCE BANCORP LLC 

CLASS C INCENTIVE UNIT AGREEMENT (EMPLOYEE SERVICE UNITS) 

THIS CLASS C INCENTIVE UNIT AGREEMENT (this “Agreement”) is made and entered into as of «Grant_Date» (the
“Grant Date”), by and between Cadence Bancorp LLC, a Delaware limited liability company (the “Company”), and «Full_Legal_Name» (“Participant”). Capitalized terms used in this
Agreement but not otherwise defined herein shall have their respective meanings set forth in the Plan and the LLC Agreement (each as defined below), as applicable. 

THE PARTIES HERETO AGREE AS FOLLOWS: 

1. Issuance of Award. In consideration of Participant’s agreement to provide services to or for the benefit of the Company and its
Subsidiaries, (the “Employer”), effective as of the Grant Date, the Company hereby (a) issues to Participant an Award which represents «Number_of_Units» Class C Incentive Units of the Company and Employee
Units under the Plan (the “Award”), and (b) if not already a Member, admits Participant as a Member of the Company, in consideration of Participant’s agreement to provide services to the Company and its Subsidiaries on the
terms and conditions set forth herein, in the Plan and in the LLC Agreement, and upon execution of a Form of Joinder to the LLC Agreement, in the form attached hereto as Exhibit B. The Company and Participant acknowledge and agree that
the Class C Incentive Units are hereby issued to Participant for the performance of services to or for the benefit of the Employer in his or her capacity as a Member or in anticipation of Participant becoming a Member. Participant acknowledges that
the Company from time to time may issue or cancel (or otherwise modify) Class C Incentive Units in accordance with the terms of the Plan or LLC Agreement. Participant further acknowledges that this Agreement and the LLC Agreement substantially
restrict the Transfer of Class C Incentive Units and provide for cancellation provisions and other provisions that impact ownership of the Class C Incentive Units. 

2. Vesting, Termination of Service, and Repurchase Right. 

2.1 Vesting. 
 (a) In
General. Subject to Sections 2.2 and 2.3 below, one-sixth (1/6) of the total number of Class C Incentive Units covered by the Award shall vest on each of the first and second anniversaries of «Grant_Date», and
one-third (1/3) of the total number of Class C Incentive Units covered by the Award shall vest on each of the third and fourth anniversaries of «Grant_Date». 

(b) Vesting Upon Sale of the Company. In the event of a Sale of the Company, 100% of the remaining outstanding unvested Class C
Incentive Units covered by the Award (not cancelled or forfeited prior to such date) shall vest immediately prior to the Sale of the Company. 

  
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 2.2 Effect of Termination of Service on Unvested Units. 

(a) Death or Disability. In the event of Participant’s Termination of Service by reason of Participant’s death or Disability
(as defined below), that number of unvested Class C Incentive Units covered by the Award which would have vested during the one (1)-year period commencing on the date of termination shall vest immediately upon such termination. Any other Class C
Incentive Units, to the extent not vested as of the date of termination (and Participant’s Capital Account balance attributable to such unvested Class C Incentive Units), shall thereupon automatically and without further action be cancelled and
forfeited, and Participant shall have no further right or interest in or with respect to such unvested Class C Incentive Units. No portion of the Award and no Class C Incentive Units which are unvested as of Participant’s Termination of Service
after application of this Section 2.2(a) shall thereafter become vested. For purposes of this Agreement, “Disability” shall mean the definition contained in Participant’s employment agreement with the Employer, if any, or
if Participant is not party to an employment agreement with the Employer, Participant’s incapacity due to mental or physical illness which prevents Participant from substantially performing his duties to the Employer for 120 consecutive days,
or 150 out of 180 consecutive days. 
 (b) Without Cause or for Good Reason. In the event of Participant’s Termination of Service
by the Employer without Cause (as defined below) or by Participant for Good Reason (as defined below), that number of unvested Class C Incentive Units covered by the Award which would have vested during the six (6)-month period commencing on the
date of termination shall vest immediately upon such termination. Any other Class C Incentive Units, to the extent not vested as of the date of termination (and Participant’s Capital Account balance attributable to such unvested Class C
Incentive Units), shall thereupon automatically and without further action be cancelled and forfeited, and Participant shall have no further right or interest in or with respect to such unvested Class C Incentive Units. No portion of the Award and
no Class C Incentive Units which are unvested as of Participant’s Termination of Service after application of this Section 2.2(b) shall thereafter become vested. 

(i) For purposes of this Agreement, “Cause” shall mean the definition contained in Participant’s employment agreement
with the Employer, if any, or if Participant is not party to an employment agreement with the Employer: (i) Participant’s unauthorized use or disclosure of confidential information or trade secrets of the Company or its Affiliates or any
other material breach of a written agreement between Participant and the Company or its Affiliates, including without limitation a material breach of any employment or confidentiality agreement; (ii) Participant’s conviction of or guilty
plea or no contest plea to a felony or any other crime involving dishonesty under the laws of the United States or any state thereof; (iii) Participant’s gross negligence or willful misconduct or Participant’s willful and repeated
failure or refusal to substantially perform assigned duties; (iv) any act of fraud, embezzlement, misappropriation or dishonesty committed by Participant against the Company or its Affiliates; or (v) any breach of the LLC Agreement or this
Agreement by Participant. 

  
 Page 2 

 

 
  

 (ii) For purposes of this Agreement, “Good Reason” shall mean the
definition contained in Participant’s employment agreement with the Employer, if any, or if Participant is not a party to an employment agreement with the Employer, the occurrence of any of the following events without Participant’s
consent: (i) a material reduction of Participant’s base compensation by the Employer; (ii) a material diminution in Participant’s authority, duties, or responsibilities with respect to the Employer at a time when there are no
circumstances that would permit a termination of Participant for Cause; or (iii) a relocation of the Employer’s offices at which Participant is principally employed to a location more than fifty (50) miles from such location;
provided, however, that any business travel required of Participant in connection with the performance of Participant’s duties to the Employer shall not constitute a relocation of the Employer’s offices at which Participant
is principally employed. Notwithstanding the foregoing, no termination for Good Reason shall be effective unless (a) Participant has given written notice to the Employer setting forth the specific facts or circumstances constituting Good Reason
within thirty (30) days after the initial existence of the occurrence of such facts or circumstances, (b) the Employer has failed to remedy such facts or circumstances within thirty (30) days of receipt of Participant’s written
notice, and (c) the effective date of the termination for Good Reason occurs no later than sixty-five (65) days after the initial existence of the facts or circumstances constituting Good Reason. 

2.3 Effect of Termination of Service or Breach of Restrictive Covenant on Class C Incentive Units. 

(a) Forfeiture Upon Termination for Cause. In the event of Participant’s Termination of Service by the Employer for Cause (a
“Forfeiture Termination”), the Award and all Class C Incentive Units, whether vested or unvested as of the Termination Date (and Participant’s Capital Account balance attributable to such Class C Incentive Units), shall
thereupon automatically and without further action be cancelled and forfeited, and Participant shall have no further right or interest in or with respect to such Class C Incentive Units. 

(b) Forfeiture Upon Breach of Restrictive Covenant. In the event Participant breaches the terms of any non-compete, non-solicitation, or
other restrictive covenant to which Participant may be subject pursuant to the terms of an employment agreement with the Employer, all unvested Class C Incentive Units (and Participant’s Capital Account balance attributable to such unvested
Class C Incentive Units) shall thereupon automatically and without further action be cancelled and forfeited, and Participant shall have no further right or interest in or with respect to such Class C Incentive Units. 

(c) Company’s Repurchase Right Upon Other Terminations. 

(i) In the event of Participant’s Termination of Service for any reason other than a Forfeiture Termination, the Company shall have the
right, for a period of sixty (60) calendar days following the date of termination, to elect to purchase from Participant any or all of the vested Class C Incentive Units then owned by Participant at a price per Class C Incentive Unit equal to
the Repurchase Price (as defined below) (the “Repurchase Right”). If the Repurchase Right is not exercised by the Company in the time period specified above, the Repurchase Right expires. The “Repurchase Price”
shall equal the fair market value of the vested Class C Incentive Units as to which the Company exercises the Repurchase Right, which 

  
 Page 3 

 

 
  

 
shall be the amount which would be distributed to Participant in respect of such Class C Incentive Units if the Company were liquidated for an amount of cash equal to the fair market value of the
Company, as reported to the Members in accordance with Section 15(b)(i) or 15(b)(ii) of the LLC Agreement in respect of the calendar quarter ending immediately prior to the delivery to Participant of the “Repurchase Notice” (as
defined below), and such cash distributed to the Members in accordance with Section 11 of the LLC Agreement. The Company may exercise the Repurchase Right by delivering personally or by registered mail to Participant or Participant’s
personal representative, within the applicable time period specified above, a notice in writing indicating the Company’s intention to exercise the Repurchase Right and the proposed Repurchase Price (the “Repurchase Notice”).
The Participant shall have fifteen (15) days to agree or disagree with the Repurchase Price in the Repurchase Notice. If the Participant agrees with the Repurchase Price, then the Company shall pay to the Participant the Repurchase Price within
thirty (30) days. If the Participant disagrees with the Repurchase Price, the Repurchase Price shall be determined by an independent appraiser mutually agreed upon within ten (10) days following the written notification by Participant to
the Company that Participant disagrees with the Repurchase Price. Such appraisal shall be completed within sixty (60) days following the appointment of the independent appraiser, and the amount reflected in such appraisal shall be the
Repurchase Price. While no appraisal assumptions will be given to any party determining fair market value, in the event that the repurchase price calculation, whether accepted by Participant under the Section 15(b)(i) or 15(b)(ii) valuation or
as valued by an independent appraiser, includes an illiquidity discount that is greater than 12.5%, the calculation of the Repurchase Price for Participant shall utilize an illiquidity discount of 12.5%. If the final Repurchase Price, as determined
by the independent appraiser, is greater than or equal to the Repurchase Price reflected in the Repurchase Notice, the cost of the independent appraiser shall be paid by the Company; otherwise such cost shall be paid by Participant. Once the
appraisal is completed and delivered to the Company and the Participant, the Company shall pay to the Participant the Repurchase Price reflected in the appraisal within thirty (30) days. 

(ii) Payment of the Repurchase Price shall be paid in a lump sum in cash. 

(iii) Upon payment of the Repurchase Price by the Company to Participant, the Class C Incentive Units subject to the Repurchase Right shall be
cancelled by the Company without any further action of Participant, and Participant shall have no further right or interest in or with respect to such Class C Incentive Units. 

(iv) The Repurchase Right shall terminate upon the earlier to occur of (A) a Sale of the Company, or (B) the consummation of the
initial sale of common stock of the Company or its successor to the general public in a firm commitment underwriting pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the
Securities Act of 1933, as amended (the “Securities Act”). 

  
 Page 4 

 

 
  

 3. Transfers. 

3.1 Restrictions on Transfers of Class C Incentive Units. Subject to Section 3.2 below and except as provided in Sections 4, 5, and
6 below, Participant shall not Transfer or Encumber the Award or any Class C Incentive Units (the “Transfer Restriction”); provided, however, that such prohibition shall not apply to any Transfer of the Award or Class C
Incentive Units to the Company or any Subsidiary of the Company. 
 3.2 Exception for Permitted Transferees. Anything to the contrary
contained in this Section notwithstanding, a Transfer by Participant of the Award or any Class C Incentive Units shall be allowed if (i) made more than two (2) years following the Grant Date, (ii) made without consideration to a trust
or partnership controlled by Participant solely for the benefit of immediate family members, charitable entities or otherwise for estate planning purposes and (iii) approved by the Committee (such transferee, a “Permitted
Transferee”). In such case, the Permitted Transferee shall receive and hold the Class C Incentive Units so Transferred subject to the provisions of this Agreement and there shall be no further Transfer of such Class C Incentive Units except
in accordance with the terms of this Section. Any Transfer of the Award or Class C Incentive Units which is not made in compliance with the Plan, the LLC Agreement and this Agreement shall be null and void ab initio and of no effect, and
further, such Award may be cancelled and forfeited by Participant pursuant to the LLC Agreement. 
 4. Representations, Warranties,
Covenants, and Acknowledgments of Participant. Participant hereby represents, warrants, covenants, acknowledges and agrees on behalf of Participant and his or her spouse, if applicable, that: 

4.1 Investment. Participant is holding the Award for Participant’s own account, and not for the account of any other Person.
Participant is holding the Award for investment and not with a view to distribution or resale thereof except in compliance with applicable laws regulating securities. 

4.2 Relation to Company. Participant is presently an Employee of Employer and in such capacity has become personally familiar with the
business of the Company. 
 4.3 Access to Information. Participant has had the opportunity to ask questions of, and to receive answers
from, the Company with respect to the terms and conditions of the transactions contemplated hereby and with respect to the business, affairs, financial conditions, and results of operations of the Company. 

4.4 Registration. Participant understands that the Class C Incentive Units have not been registered under the Securities Act, and the
Class C Incentive Units cannot be transferred by Participant other than in accordance with the terms and conditions set forth in the Plan, this Agreement and the LLC Agreement and, in any event, unless such transfer is registered under the
Securities Act or an exemption from such registration is available. The Company has made no representations, warranties or covenants whatsoever as to whether any exemption from the Securities Act is available. 

  
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 4.5 Public Trading. None of the Company’s Equity Securities is presently publicly
traded, and the Company has made no representations, covenants or agreements as to whether there will be a public market for any of its Equity Securities. 

4.6 Tax Advice. The Company has made no warranties or representations to Participant with respect to the income tax consequences of the
issuance of the Class C Incentive Units or the transactions contemplated by this Agreement (including, without limitation, with respect to the making of an election under Section 83(b) of the Code), and Participant is in no manner relying on
the Company or its representatives for an assessment of such tax consequences. Participant is advised to consult with his or her own tax advisor with respect to such tax consequences and his or her ownership of the Class C Incentive Units. 

5. Capital Account. Participant shall make no Capital Contribution to the Company in connection with the Award and, as a result,
Participant’s Capital Account (as defined in the LLC Agreement) balance in the Company in respect of Class C Incentive Units immediately after his or her receipt of the Class C Incentive Units shall be equal to zero. If Participant was a Member
in the Company prior to such issuance, Participant’s Capital Account balance shall not be increased as a result of his or her receipt of the Class C Incentive Units. 

6. Binding Effect. Subject to the limitations set forth in this Agreement, this Agreement shall be binding upon, and inure to the
benefit of, the executors, administrators, heirs, legal representatives, successors and assigns of the parties hereto. 
 7.
Section 83(b) Election. Participant covenants that he shall make a timely election under Section 83(b) of the Code (and any comparable election in the state of Participant’s residence) with respect to the Class C Incentive
Units covered by the Award. In connection with such election, Participant and Participant’s spouse, if applicable, shall execute and deliver to the Company with this executed Agreement, a copy of the Election Pursuant to Section 83(b) of
the Code, substantially in the form attached hereto as Exhibit A. Participant represents that Participant has consulted any tax consultant(s) that Participant deems advisable in connection with the filing of an election under Section 83(b)
of the Code and similar state tax provisions. Participant acknowledges that it is Participant’s sole responsibility and not the Company’s to timely file an election under Section 83(b) of the Code (and any comparable state election),
even if Participant requests that the Company or any representative of the Company make such filing on Participant’s behalf. Participant should consult his or her tax advisor to determine if there is a comparable election to file in the state
of his or her residence. 
 8. Taxes. Participant specifically consents to the application of Section 9 of the LLC Agreement with
respect to the tax treatment of the Class C Incentive Units. The Company may withhold from Participant’s wages (or other payments made to Participant), or require Participant to pay to the Company, any applicable withholding or employment taxes
resulting from the issuance of the Award hereunder, from the vesting or lapse of any restrictions imposed on the Award, or from the ownership or disposition of the Class C Incentive Units. 

  
 Page 6 

 

 
  

 9. Remedies. Participant shall be liable to the Company for all costs and damages,
including incidental and consequential damages, resulting from a disposition of the Award which is in violation of the provisions of this Agreement. Participant acknowledges that a breach by him or her of any of the covenants or restrictions
contained or referenced herein will cause irreparable damage to the Company, the exact amount of which will be difficult to ascertain, and that the remedies at law for any such breach will be inadequate. Accordingly, Participant agrees that if he or
she breaches any such covenants or restrictions, the Award may be cancelled and forfeited by Participant, and/or the Company shall be entitled to temporary or permanent injunctive relief with respect to any such breach or attempted breach (in
addition to any other remedies, at law or in equity, as may be available to the Company), without posting bond or other security. Participant will not assert as a defense that there is an adequate remedy at law. 

10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Delaware without regard
to any otherwise governing principles of conflicts of law. 
 11. Notice of Restrictions. Participant is hereby notified and
acknowledges that: 
 (a) The offering and sale of the Class C Incentive Units have not been registered under the Securities
Act. Any transfer of such securities will be invalid unless a Registration Statement under the Securities Act is in effect as to such transfer or in the opinion of counsel for the Company such registration is unnecessary in order for such transfer
to comply with the Securities Act. 
 (b) The Class C Incentive Units are subject to forfeiture, a right of repurchase and to
transferability and other restrictions as set forth in this Agreement and the LLC Agreement, in each case, as may be amended, supplemented or modified from time to time, and such securities may not be sold or otherwise transferred except pursuant to
the provisions of such documents. 
 12. Code Section 409A. Neither the Award nor the Class C Incentive Units are intended to
constitute or provide for “nonqualified deferred compensation” within the meaning of Section 409A of the Code (“Section 409A”), and, provided that Section 409A, Treasury Regulations and related Department of
Treasury guidance do not require otherwise, the Company shall not treat the Award or the Class C Incentive Units as nonqualified deferred compensation. However, notwithstanding any other provision of the Plan or this Agreement, if at any time the
Committee determines that the Award or the Class C Incentive Units may be subject to Section 409A, the Committee shall have the right, in its sole discretion, to adopt such amendments to the Plan or this Agreement or take such other actions
(including amendments and actions with retroactive effect) as the Committee determines are necessary or appropriate either for the Award and the Class C Incentive Units to be exempt from the application of Section 409A or to comply with the
requirements of Section 409A. 
 13. Counterparts. This Agreement may be executed in any number of counterparts, any of which may
be executed and transmitted by facsimile, and each of which shall be deemed to be an original, but all of which together shall be deemed to be one and the same instrument. 

  
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 14. Successors and Assigns. Subject to the limitations set forth in this Agreement,
this Agreement shall be binding upon, and inure to the benefit of, the executors, administrators, heirs, legal representatives, successors and assigns of the parties hereto, including, without limitation, any business entity that succeeds to the
business of the Company. This Agreement may not be assigned by Participant without the consent of the Company in its sole discretion. 
 15.
Entire Agreement; Amendments and Waivers. This Agreement, together with the Plan and the LLC Agreement, constitutes the entire agreement among the parties pertaining to the subject matter hereof and supersedes all prior agreements,
understandings, negotiations and discussions, whether oral or written, of the parties. This Agreement may not be amended except in an instrument in writing signed on behalf of each of the parties hereto and approved by the Committee. No amendment,
supplement, modification or waiver of this Agreement shall be binding unless executed in writing by the party to be bound thereby. Notwithstanding the foregoing, the Committee shall have the right to amend this Agreement in accordance with
Section 6.3(b) of the Plan without the consent of Participant or to the extent that such amendment does not materially adversely impair the rights of Participant hereunder. No waiver of any of the provisions of this Agreement shall be deemed or
shall constitute a waiver of any other provision hereof (whether or not similar), nor shall such waiver constitute a continuing waiver unless otherwise expressly provided. 

16. Severability. If any term, provision, covenant or condition of this Agreement is held by a court of competent jurisdiction to exceed
the limitations permitted by applicable law, then the provisions will be deemed reformed to the maximum limitations permitted by applicable law and the parties hereby expressly acknowledge their desire that in such event such action be taken. If for
any reason one or more of the provisions contained in this Agreement or in any other instrument referred to herein, shall, for any reason, be held to be invalid, illegal or unenforceable in any respect, then to the maximum extent permitted by law,
such invalidity, illegality or unenforceability shall not affect any other provision of this Agreement or any other such instrument. 
 17.
Titles. The titles, captions or headings of the Sections herein are inserted for convenience of reference only and are not intended to be a part of or to affect the meaning or interpretation of this Agreement. 

  
 Page 8 

 

 
  

 IN WITNESS WHEREOF, the parties hereto have executed and delivered this Agreement as of the
date first written above. 
  

			
	Cadence Bancorp LLC,
	a Delaware limited liability company
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Participant hereby accepts and agrees to be bound by all of the terms and conditions of this Agreement.

  

	
	Participant:
	
	  

	«Full_Legal_Name»

  
 Page 9 

 

 
  

 EXHIBIT A 

ELECTION PURSUANT TO SECTION 83(b) OF THE 

INTERNAL REVENUE CODE TO INCLUDE IN GROSS 

INCOME THE EXCESS, IF ANY, OF THE FAIR MARKET VALUE OF PROPERTY 

TRANSFERRED IN CONNECTION WITH SERVICES, OVER THE AMOUNT, IF ANY, 

PAID FOR SUCH PROPERTY 

The undersigned hereby elects pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in the
undersigned’s gross income for the 2014 taxable year the excess (if any) of the fair market value of the property described below, over the amount the undersigned paid for such property, if any, and supplies herewith the following information
in accordance with the Treasury regulations promulgated under Section 83(b): 
  

	1.	The undersigned’s name, address and taxpayer identification (social security) number are: 

Name: «Full_Legal_Name» 

Address:
                                         
                                         
                                         
                                      

Social Security #:
                                         
                                         
                                         
                       
 The
undersigned’s spouse’s name, address and taxpayer identification (social security) number are (complete if applicable): 
 Name:
                                         
                                         
                                         
                                         

 Address:
                                         
                                         
                                         
                                      

Social Security #:
                                         
                                         
                                         
                        
  

	2.	The property with respect to which the election is made consists of «Number_of_Units» Class C Incentive Units (the “Award”) of Cadence Bancorp LLC, a Delaware limited liability company (the
“Company”), representing an interest in the future profits, losses and distributions of the Company. 

  

	3.	The date on which the above property was transferred to the undersigned was «Grant_Date», and the taxable year to which this election relates is 2014. 

 

	4.	The above property is subject to the following restrictions: (a) forfeiture and/or a right of repurchase by the Company if the undersigned ceases to provide services to the Company, and (b) certain other
restrictions pursuant to the Class C Incentive Unit Agreement (Employee Service Units) evidencing the Award and the Limited Liability Company Agreement of Cadence Bancorp LLC, dated as of July 2, 2010, as amended from time to time.

  
 A-1 

 

 
  

	5.	The fair market value of the above property at the time of transfer (determined without regard to any restrictions other than those which by their terms will never lapse) is $0. 

 

	6.	The amount paid for the above property by the undersigned was $0. 

  

	7.	A copy of this election has been furnished to the Company, and the original will be filed with the income tax return of the undersigned to which this election relates. 

 

			
	Date:                     , 2014	  	  

«Full_Legal_Name»

		  	
	Date:                     , 2014	  	  
 Participant’s
Spouse

  
 A-2 

 

 
  

 EXHIBIT B 

FORM OF JOINDER 

The undersigned is executing and delivering this Joinder Agreement pursuant to the Amended and Restated Limited Liability Company
Agreement of Cadence Bancorp LLC (the “Company”), dated as of July 2, 2010, as amended, modified or supplemented from time to time (the “LLC Agreement”).  

By executing this Joinder Agreement and delivering it to the Company, the undersigned hereby agrees to become a party to, to be bound by, and
to comply with the provisions of the LLC Agreement in the same manner as if the undersigned were an original signatory to such agreement, and all of the undersigned’s Class C Incentive Units of the Company shall be subject to the terms and
conditions of the LLC Agreement. 
 By executing this Joinder Agreement and delivering it to the Company, the undersigned hereby represents
and warrants that he or she is (you must check one of the following boxes): ☐ not married; OR ☐ married and is concurrently herewith delivering a completed and signed Consent by Spouse to the Company. 

Accordingly, the undersigned has executed and delivered this Joinder Agreement as of
            , 2014. 
  

			
	Participant:
	
	  

	«Full_Legal_Name»

  

			
	 ACKNOWLEDGED & ACCEPTED:

CADENCE BANCORP LLC

		
	By	 	 
	Name:	 	 
	Its:	 	 

  
 B-1 

 

 
  

 CONSENT BY SPOUSE 

I acknowledge that I have read the Class C Incentive Unit Agreement (as amended, modified or supplemented from time to time, the
“Agreement”), by and between Cadence Bancorp LLC (the “Company”), and my spouse,                     , and the
Cadence Bancorp LLC 2010 Class C Incentive Unit Award Plan (as amended, modified or supplemented from time to time, the “Plan”), and that I know its contents. I am aware that by its provisions, my spouse agrees to sell, convert,
dispose of, or otherwise transfer his or her Class C Incentive Units of the Company (the “Award”) hereunder under certain circumstances. I hereby consent to such sale, conversion, disposition or other transfer; and approve of the
provisions of this Agreement and any action hereafter taken by my spouse thereunder with respect to his or her Award, and I agree to be bound thereby. 

I further agree that in the event of my death or a dissolution of marriage or legal separation, my spouse shall have the absolute right to
have my interest, if any, in the Award set apart to him or her, whether through a will, a trust, a property settlement agreement or by decree of court, or otherwise, and that if he or she be required by the terms of such will, trust, settlement or
decree, or otherwise, to compensate me for said interest, that the price shall be an amount equal to: (i) the Repurchase Price (as defined in the Agreement) of the Award; multiplied by (ii) my percentage of ownership in such
interest. 
 This consent, including its existence, validity, construction, and operating effect, and the rights of each of the parties
hereto, shall be governed by and construed in accordance with the laws of the State of Delaware without regard to otherwise governing principles of choice of law or conflicts of law. 

Dated:
                                         
                                

 

	
	Participant’s Spouse:
	
	  

	(Sign Name)
	
	  

	(Print Name)

  
 B-2

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