Document:

EXHIBIT 10.1

 Exhibit 10.1 
 THE EXECUTIVE NONQUALIFIED EXCESS PLAN 
 PLAN DOCUMENT 

 THE EXECUTIVE NONQUALIFIED EXCESS PLAN 
 Section 1.        Purpose: 
 By execution of the Adoption Agreement, the Employer has adopted the Plan set forth herein, and in the Adoption Agreement, to provide a means by which
certain management Employees or Independent Contractors of the Employer may elect to defer receipt of current Compensation from the Employer in order to provide retirement and other benefits on behalf of such Employees or Independent Contractors of
the Employer, as selected in the Adoption Agreement. The Plan is intended to be a nonqualified deferred compensation plan that complies with the provisions of Section 409A of the Internal Revenue Code (the “Code”). The Plan is also
intended to be an unfunded plan maintained primarily for the purpose of providing deferred compensation benefits for a select group of management or highly compensated employees under Sections 201(2), 301(a)(3) and 401(a)(l) of the Employee
Retirement Income Security Act of 1974 (“ERISA”) and independent contractors. Notwithstanding any other provision of this Plan, this Plan shall be interpreted, operated and administered in a manner consistent with these intentions.

 Section 2.        Definitions: 
 As used in the Plan, including this Section 2, references to one gender shall include the other, unless otherwise indicated by the context:

 2.1 “Active Participant” means, with respect to any day or date, a Participant who is in Service on such day or date;
provided, that a Participant shall cease to be an Active Participant (i) immediately upon a determination by the Committee that the Participant has ceased to be an Employee or Independent Contractor, or (ii) at the end of the Plan Year
that the Committee determines the Participant no longer meets the eligibility requirements of the Plan. 
  

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 2.2 “Adoption Agreement” means the written agreement pursuant to which the Employer
adopts the Plan. The Adoption Agreement is a part of the Plan as applied to the Employer. 
 2.3 “Beneficiary” means the
person, persons, entity or entities designated or determined pursuant to the provisions of Section 13 of the Plan. 
 2.4
“Board” means the Board of Directors of the Company, if the Company is a corporation. If the Company is not a corporation, “Board” shall mean the Company. 
 2.5 “Change in Control Event” means an event described in Section 409A(a)(2)(A)(v) of the Code (or any successor provision thereto)
and the regulations thereunder. 
 2.6 “Committee” means the persons or entity designated in the Adoption Agreement to
administer the Plan. If the Committee designated in the Adoption Agreement is unable to serve, the Employer shall satisfy the duties of the Committee provided for in Section 9. 
 2.7 “Company” means the company designated in the Adoption Agreement as such. 
 2.8 “Compensation” shall have the meaning designated in the Adoption Agreement. 
 2.9 “Crediting Date” means the date designated in the Adoption Agreement for crediting the amount of any Participant Deferral Credits to
the Deferred Compensation Account of a Participant. Employer Credits may be credited to the Deferred Compensation Account of a Participant on any day that securities are traded on a national securities exchange. 
  

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 2.10 “Deferred Compensation Account” means the account maintained with respect to each
Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules
and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable. 
 2.11 “Disabled” means Disabled within the meaning of Section 409A of the Code and the regulations thereunder. Generally, this means
that the Participant is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months, or is, by reason of any medically determinable physical or mental impairment which 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 health plan covering Employees of the Employer. 
 2.12
“Education Account” is an In-Service Account which will be used by the Participant for educational purposes. 
 2.13
“Effective Date” shall be the date designated in the Adoption Agreement. 
 2.14 “Employee” means an
individual in the Service of the Employer if the relationship between the individual and the Employer is the legal relationship of employer and employee. An individual shall cease to be an Employee upon the Employee’s separation from Service.

  

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 2.15 “Employer” means the Company, as identified in the Adoption Agreement, and any
Participating Employer which adopts this Plan. An Employer may be a corporation, a limited liability company, a partnership or sole proprietorship. 
 2.16 “Employer Credits” means the amounts credited to the Participant’s Deferred Compensation Account by the Employer pursuant to the provisions of Section 4.2. 
 2.17 “Grandfathered Amounts” means, if applicable, the amounts that were deferred under the Plan and were earned and vested within the
meaning of Section 409A of the Code and regulations thereunder as of December 31, 2004. Grandfathered Amounts shall be subject to the terms designated in the Adoption Agreement. 
 2.18 “Independent Contractor” means an individual in the Service of the Employer if the relationship between the individual and the
Employer is not the legal relationship of employer and employee. An individual shall cease to be an Independent Contractor upon the termination of the Independent Contractor’s Service. An Independent Contractor shall include a director of the
Employer who is not an Employee. 
 2.19 “In-Service Account” means a separate account to be kept for each Participant that
has elected to take in-service distributions as described in Section 5.4. The In-Service Account shall be adjusted in the same manner and at the same time as the Deferred Compensation Account under Section 8 and in accordance with the
rules and elections in effect under Section 8. 
  

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 2.20 “Normal Retirement Age” of a Participant means the age designated in the Adoption
Agreement. 
 2.21 “Participant” means with respect to any Plan Year an Employee or Independent Contractor who has been
designated by the Committee as a Participant and who has entered the Plan or who has a Deferred Compensation Account under the Plan; provided that if the Participant is an Employee, the individual must be a highly compensated or management employee
of the Employer within the meaning of Sections 201(2), 301(a)(3) and 401(a)(1) of ERISA. 
 2.22 “Participant Deferral Credits”
means the amounts credited to the Participant’s Deferred Compensation Account by the Employer pursuant to the provisions of Section 4.1. 
 2.23 “Participating Employer” means any trade or business (whether or not incorporated) which adopts this Plan with the consent of the Company identified in the Adoption Agreement. 
 2.24 “Participation Agreement” means a written agreement entered into between a Participant and the Employer pursuant to the provisions
of Section 4.1 
 2.25 “Performance-Based Compensation” means compensation where the amount of, or entitlement to, the
compensation is contingent on the satisfaction of preestablished organizational or individual performance criteria relating to a performance period of at least twelve months. Organizational or individual performance criteria are considered
preestablished if established in writing within 90 days after the commencement of the period of service to which the criteria relates, provided that the outcome is substantially uncertain at the time the criteria are established. Performance-based

  

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compensation may include payments based upon subjective performance criteria as provided in regulations and administrative guidance promulgated under
Section 409A of the Code. 
 2.26 “Plan” means The Executive Nonqualified Excess Plan, as herein set out and as set out
in the Adoption Agreement, or as duly amended. The name of the Plan as applied to the Employer shall be designated in the Adoption Agreement. 
 2.27 “Plan-Approved Domestic Relations Order” shall mean a judgment, decree, or order (including the approval of a settlement agreement) which is: 
 2.27.1 Issued pursuant to a State’s domestic relations law; 
 2.27.2 Relates to the provision of child support, alimony payments or marital property rights to a Spouse, former Spouse, child or other dependent of the Participant; 
 2.27.3 Creates or recognizes the right of a Spouse, former Spouse, child or other dependent of the Participant to receive all or a portion of the
Participant’s benefits under the Plan; 
 2.27.4 Requires payment to such person of their interest in the Participant’s benefits in
an immediate lump payment; and 
 2.27.5 Meets such other requirements established by the Committee. 
 2.28 “Plan Year” means the twelve-month period ending on the last day of the month designated in the Adoption Agreement; provided that
the initial Plan Year may have fewer than twelve months. 
 2.29 “Qualifying Distribution Event” means (i) the
Separation from Service of the Participant, (ii) the date the Participant becomes Disabled, (iii) the death of the Participant, (iv) the time specified by the Participant for an In-Service or Education Distribution, (v) a Change
in Control Event, or (vi) an Unforeseeable Emergency, each to the extent provided in Section 5. 
  

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 2.30 “Seniority Date” shall have the meaning designated in the Adoption Agreement.

 2.31 “Separation from Service” or “Separates from Service” means a “separation from service”
within the meaning of Section 409A of the Code. 
 2.32 “Service” means employment by the Employer as an Employee. For
purposes of the Plan, the employment relationship is treated as continuing intact while the Employee is on military leave, sick leave, or other bona fide leave of absence if the period of such leave does not exceed six months, or if longer, so long
as the Employee’s right to reemployment is provided either by statute or contract. If the Participant is an Independent Contractor, “Service” shall mean the period during which the contractual relationship exists between the Employer
and the Participant. The contractual relationship is not terminated if the Participant anticipates a renewal of the contract or becomes an Employee. 
 2.33 “Service Bonus” means any bonus paid to a Participant by the Employer which is not Performance-Based Compensation. 
 2.34 “Specified Employee” means an employee who meets the requirements for key employee treatment under Section 416(i)(l)(A)(i), (ii) or (iii) of the Code (applied in accordance with
the regulations thereunder and without regard to Section 416(i)(5) of the Code) at any time during the twelve month period ending on December 31 of each year (the “identification date”). Unless binding corporate action is taken
to establish different rules for determining Specified Employees for all plans of the Company and its controlled group members that are subject to Section 409A of the Code, the foregoing rules and the other default rules under the regulations
of Section 409A of the Code shall 

  

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apply. If the person is a key employee as of any identification date, the person is treated as a Specified Employee for the twelve-month period beginning on
the first day of the fourth month following the identification date. 
 2.35 “Spouse” or “Surviving Spouse”
means, except as otherwise provided in the Plan, a person who is the legally married spouse or surviving spouse of a Participant. 
 2.36 “Unforeseeable Emergency” means an “unforeseeable emergency” within the meaning of Section 409A of the Code. 
 2.37 “Years of Service” means each Plan Year of Service completed by the Participant. For vesting purposes, Years of Service shall be calculated from the date designated in the Adoption Agreement and
Service shall be based on service with the Company and all Participating Employers. 
 Section 3.        Participation: 
 The Committee in its discretion
shall designate each Employee or Independent Contractor who is eligible to participate in the Plan. A Participant who separates from Service with the Employer and who later returns to Service will not be an Active Participant under the Plan except
upon satisfaction of such terms and conditions as the Committee shall establish upon the Participant’s return to Service, whether or not the Participant shall have a balance remaining in the Deferred Compensation Account under the Plan on the
date of the return to Service. 
 Section 4.        Credits to Deferred
Compensation Account: 
 4.1 Participant Deferral Credits. To the extent provided in the Adoption Agreement, each Active
Participant may elect, by entering into a Participation Agreement with the Employer, to defer the receipt of Compensation from the Employer by a dollar 

  

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amount or percentage specified in the Participation Agreement. The amount of Compensation the Participant elects to defer, the Participant Deferral Credit,
shall be credited by the Employer to the Deferred Compensation Account maintained for the Participant pursuant to Section 8. The following special provisions shall apply with respect to the Participant Deferral Credits of a Participant:

 4.1.1 The Employer shall credit to the Participant’s Deferred Compensation Account on each Crediting Date an amount equal to the total
Participant Deferral Credit for the period ending on such Crediting Date. 
 4.1.2 An election pursuant to this Section 4.1 shall be
made by the Participant by executing and delivering a Participation Agreement to the Committee. Except as otherwise provided in this Section 4.1, the Participation Agreement shall become effective with respect to such Participant as of the
first day of January following the date such Participation Agreement is received by the Committee. A Participant’s election may be changed at any time prior to the last permissible date for making the election as permitted in this
Section 4.1, and shall thereafter be irrevocable. The election of a Participant shall continue in effect for subsequent years until modified by the Participant as permitted in this Section 4.1. 
 4.1.3 A Participant may execute and deliver a Participation Agreement to the Committee within 30 days after the date the Participant first becomes
eligible to participate in the Plan to be effective as of the first payroll period next following the date the Participation Agreement is fully executed. Whether a Participant is treated as newly eligible for participation under this Section shall
be determined in accordance with Section 409A of the Code and the regulations thereunder, including (i) rules that treat all elective deferral account balance plans as one plan, and (ii) rules that treat a previously eligible employee
as newly eligible if his benefits had been previously distributed or if he has been ineligible for 24 months. For Compensation that is earned based upon a specified performance period (for example, an annual bonus), where a deferral election is made
under this Section but after the beginning of the performance period, the election will only apply to the portion of the Compensation equal to the total amount of the Compensation for the service period multiplied by the ratio of the number of days
remaining in the performance period after the election over the total number of days in the performance period. 
 4.1.4 A Participant may
unilaterally modify a Participation Agreement (either to terminate, increase or decrease the portion of his future Compensation which is subject to deferral within the percentage limits set forth in Section 4.1 of the Adoption Agreement) by
providing a written modification of the Participation Agreement to the Committee. The modification shall become effective as of the first day of January following the date such written modification is received by the Committee. 
  

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 4.1.5 If the Participant performed services continuously from the later of the beginning of the
performance period or the date upon which the performance criteria are established through the date upon which the Participant makes an initial deferral election, a Participation Agreement relating to the deferral of Performance-Based Compensation
may be executed and delivered to the Committee no later than the date which is 6 months prior to the end of the performance period, provided that in no event may an election to defer Performance-Based Compensation be made after such Compensation has
become readily ascertainable. 
 4.1.6 If the Employer has a fiscal year other than the calendar year, Compensation relating to Service in
the fiscal year of the Employer (such as a bonus based on the fiscal year of the Employer), of which no amount is paid or payable during the fiscal year, may be deferred at the Participant’s election if the election to defer is made not later
than the close of the Employer’s fiscal year next preceding the first fiscal year in which the Participant performs any services for which such Compensation is payable. 
 4.1.7 Compensation payable after the last day of the Participant’s taxable year solely for services provided during the final payroll period
containing the last day of the Participant’s taxable year (i.e., December 31) is treated for purposes of this Section 4.1 as Compensation for services performed in the subsequent taxable year. 
 4.1.8 The Committee may from time to time establish policies or rules consistent with the requirements of Section 409A of the Code to govern the
manner in which Participant Deferral Credits may be made. 
 4.1.9 If a Participant becomes Disabled or applies for and is eligible for a
distribution on account of an Unforeseeable Emergency during a Plan Year, his deferral election for such Plan Year shall be cancelled. 
 4.2 Employer Credits. If designated by the Employer in the Adoption Agreement, the Employer shall cause the Committee to credit to the Deferred Compensation Account of each Active Participant an Employer Credit as determined in
accordance with the Adoption Agreement. A Participant must make distribution elections with respect to any Employer Credits credited to his Deferred Compensation Account by the deadline that would apply under Section 4.1 for distribution
elections with respect to Participant Deferral Credits credited at the same time, on a Participation Agreement that is timely executed and delivered to the Committee pursuant to Section 4.1. 
  

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 4.3 Deferred Compensation Account. All Participant Deferral Credits and Employer Credits shall be
credited to the Deferred Compensation Account of the Participant as provided in Section 8. 
 Section 5.        Qualifying Distribution Events: 
 5.1
Separation from Service. If the Participant Separates from Service with the Employer, the vested balance in the Deferred Compensation Account shall be paid to the Participant by the Employer as provided in Section 7. Notwithstanding the
foregoing, no distribution shall be made earlier than six months after the date of Separation from Service (or, if earlier, the date of death) with respect to a Participant who as of the date of Separation from Service is a Specified Employee of a
corporation the stock in which is traded on an established securities market or otherwise. Any payments to which such Specified Employee would be entitled during the first six months following the date of Separation from Service shall be accumulated
and paid on the first day of the seventh month following the date of Separation from Service. 
 5.2 Disability. If the Employer
designates in the Adoption Agreement that distributions are permitted under the Plan when a Participant becomes Disabled, and the Participant becomes Disabled while in Service, the vested balance in the Deferred Compensation Account shall be paid to
the Participant by the Employer as provided in Section 7. 
  

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 5.3 Death. If the Participant dies while in Service, the Employer shall pay a benefit to the
Participant’s Beneficiary in the amount designated in the Adoption Agreement. Payment of such benefit shall be made by the Employer as provided in Section 7. 
 5.4 In-Service or Education Distributions. If the Employer designates in the Adoption Agreement that in-service or education distributions are permitted under the Plan, a Participant may designate in the
Participation Agreement to have a specified amount credited to the Participant’s In-Service or Education Account for in-service or education distributions at the date specified by the Participant. In no event may an in-service or education
distribution of an amount be made before the date that is two years after the first day of the year in which such amount was credited to the In-Service or Education Account. Notwithstanding the foregoing, if a Participant incurs a Qualifying
Distribution Event prior to the date on which the entire balance in the In-Service or Education Account has been distributed, then the balance in the In-Service or Education Account on the date of the Qualifying Distribution Event shall be paid as
provided under Section 7.1 for payments on such Qualifying Distribution Event. 
 5.5 Change in Control Event. If the Employer
designates in the Adoption Agreement that distributions are permitted under the Plan upon the occurrence of a Change in Control Event, the Participant may designate in the Participation Agreement to have the vested balance in the Deferred
Compensation Account paid to the Participant upon a Change in Control Event by the Employer as provided in Section 7. 
 5.6
Unforeseeable Emergency. If the Employer designates in the Adoption Agreement that distributions are permitted under the Plan upon the occurrence of an 

  

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Unforeseeable Emergency event, a distribution from the Deferred Compensation Account may be made to a Participant in the event of an Unforeseeable Emergency,
subject to the following provisions: 
 5.6.1 A Participant may, at any time prior to his Separation from Service for any reason, make
application to the Committee to receive a distribution in a lump sum of all or a portion of the vested balance in the Deferred Compensation Account (determined as of the date the distribution, if any, is made under this Section 5.6) because of
an Unforeseeable Emergency. A distribution because of an Unforeseeable Emergency shall not exceed the amount required to satisfy the Unforeseeable Emergency plus amounts necessary to pay taxes reasonably anticipated as a result of such distribution,
after taking into account the extent to which the Unforeseeable Emergency may be relieved through reimbursement or compensation by insurance or otherwise or by liquidation of the Participant’s assets (to the extent the liquidation of such
assets would not itself cause severe financial hardship) or by stopping current deferrals under the Plan pursuant to Section 4.1.9. 
 5.6.2 The Participant’s request for a distribution on account of Unforeseeable Emergency must be made in writing to the Committee. The request must specify the nature of the financial hardship, the total amount requested to be
distributed from the Deferred Compensation Account, and the total amount of the actual expense incurred or to be incurred on account of the Unforeseeable Emergency. 
 5.6.3 If a distribution under this Section 5.6 is approved by the Committee, such distribution will be made as soon as practicable following the date it is approved. The processing of the request shall be
completed as soon as practicable from the date on which the Committee receives the properly completed written request for a distribution on account of an Unforeseeable Emergency. If a Participant’s Separation from Service occurs after a request
is approved in accordance with this Section 5.6.3, but prior to distribution of the full amount approved, the approval of the request shall be automatically null and void and the benefits which the Participant is entitled to receive under the
Plan shall be distributed in accordance with the applicable distribution provisions of the Plan. 
 5.6.4 The Committee may from time to time
adopt additional policies or rules consistent with the requirements of Section 409A of the Code to govern the manner in which such distributions may be made so that the Plan may be conveniently administered. 
 Section 6.        Vesting: 
 A Participant shall be fully vested in the portion of his Deferred Compensation 

  

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Account attributable to Participant Deferral Credits, and all income, gains and losses attributable thereto. A Participant shall become fully vested in the
portion of his Deferred Compensation Account attributable to Employer Credits, and income, gains and losses attributable thereto, in accordance with the vesting schedule and provisions designated by the Employer in the Adoption Agreement. If a
Participant’s Deferred Compensation Account is not fully vested upon Separation from Service, the portion of the Deferred Compensation Account that is not fully vested shall thereupon be forfeited. 
 Section 7.        Distribution Rules: 
 7.1 Payment Options. The Employer shall designate in the Adoption Agreement the payment options which may be elected by the Participant (lump sum,
annual installments, or a combination of both). Different payment options may be made available for each Qualifying Distribution Event, and different payment options may be available for different types of Separations from Service, all as designated
in the Adoption Agreement. The Participant shall elect in the Participation Agreement the method under which the vested balance in the Deferred Compensation Account will be distributed from among the designated payment options. The Participant may
at such time elect a different method of payment for each Qualifying Distribution Event as specified in the Adoption Agreement. If the Participant is permitted by the Employer in the Adoption Agreement to elect different payment options and does not
make a valid election, the vested balance in the Deferred Compensation Account will be distributed as a lump sum. 
  

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 Notwithstanding the foregoing, if certain Qualifying Distribution Events occur prior to the date on which
the vested balance of a Participant’s Deferred Compensation Account is completely paid pursuant to this Section 7.1 following the occurrence of certain initial Qualifying Distribution Events, the following rules apply: 
 7.1.1 If the initial Qualifying Distribution Event is a Separation from Service or Disability, and the Participant subsequently dies, the remaining unpaid
vested balance of a Participant’s Deferred Compensation Account shall be paid as a lump sum. 
 7.1.2 If the initial Qualifying
Distribution Event is a Change in Control Event, and any subsequent Qualifying Distribution Event occurs (except an In-Service or Education Distribution described in Section 2.29(iv)), the remaining unpaid vested balance of a Participant’s
Deferred Compensation Account shall be paid as provided under Section 7.1 for payments on such subsequent Qualifying Distribution Event. 
 7.2 Timing of Payments. Payment shall be made in the manner elected by the Participant and shall commence as soon as practicable after (but no later than 60 days after) the distribution date elected for the Qualifying Distribution
Event. In the event the Participant fails to make a valid election of the payment method, the distribution will be made in a single lump sum payment as soon as practicable after (but no later than 60 days after) the Qualifying Distribution Event. A
payment may be further delayed to the extent permitted in accordance with regulations and guidance under Section 409A of the Code. 
 7.3 Installment Payments. If the Participant elects to receive installment payments upon a Qualifying Distribution Event, the payment of each annual installment shall be made on the anniversary of the date of the first installment
payment, and the amount of the annual installment shall be adjusted on such anniversary for credits or debits to the Participant’s account pursuant to Section 8 of the Plan. Such adjustment shall be made by dividing the balance in the
Deferred Compensation Account on such date by the number of annual installments remaining to be paid hereunder; provided that the last annual installment due under the Plan shall be the entire amount credited to the Participant’s account on the
date of payment. 
  

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 7.4 De Minimis Amounts. Notwithstanding any payment election made by the Participant, if the
Employer designates a pre-determined de minimis amount in the Adoption Agreement, the vested balance in the Deferred Compensation Account of the Participant will be distributed in a single lump sum payment if at the time of a permitted Qualifying
Distribution Event the vested balance does not exceed such pre-determined de minimis amount; provided, however, that such distribution will be made only where the Qualifying Distribution Event is a Separation from Service, death, Disability (if
applicable) or Change in Control Event (if applicable). Such payment shall be made on or before the later of (i) December 31 of the calendar year in which the Qualifying Distribution Event occurs, or (ii) the date that is 2-1/2 months
after the Qualifying Distribution Event occurs. In addition, the Employer may distribute a Participant’s vested balance at any time if the balance does not exceed the limit in Section 402(g)(1)(B) of the Code and results in the termination
of the Participant’s entire interest in the Plan as provided under Section 409A of the Code. 
 7.5 Subsequent Elections.
With the consent of the Committee, a Participant may delay or change the method of payment of the Deferred Compensation Account subject to the following requirements: 
 7.5.1 The new election may not take effect until at least 12 months after the date on which the new election is made. 
 7.5.2 If the new election relates to a payment for a Qualifying Distribution Event other than the death of the Participant, the Participant becoming Disabled, or an Unforeseeable Emergency, the new election must
provide for the deferral of the payment for a period of at least five years from the date such payment would otherwise have been made. 
  

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 7.5.3 If the new election relates to a payment from the In-Service or Education Account, the new election
must be made at least 12 months prior to the date of the first scheduled payment from such account. 
 For purposes of this Section 7.5 and
Section 7.6, a payment is each separately identified amount to which the Participant is entitled under the Plan; provided, that entitlement to a series of installment payments is treated as the entitlement to a single payment. 
 7.6 Acceleration Prohibited. The acceleration of the time or schedule of any payment due under the Plan is prohibited except as expressly provided
in regulations and administrative guidance promulgated under Section 409A of the Code (such as accelerations for domestic relations orders and employment taxes). It is not an acceleration of the time or schedule of payment if the Employer
waives or accelerates the vesting requirements applicable to a benefit under the Plan. 
 Section 8.        Accounts; Deemed Investment; Adjustments to Account: 
 8.1 Accounts. The Committee shall establish a book reserve account, entitled the “Deferred Compensation Account,” on behalf of each Participant. The Committee shall also establish an In-Service or Education Account as a
part of the Deferred Compensation Account of each Participant, if applicable. The amount credited to the Deferred Compensation Account shall be adjusted pursuant to the provisions of Section 8.3. 
 8.2 Deemed Investments. The Deferred Compensation Account of a Participant shall be credited with an investment return determined as if the
account were invested in one or more investment funds made available by the Committee. The Participant shall elect the investment funds in which his Deferred Compensation Account shall be deemed to be invested. Such election shall be made in the
manner prescribed by 

  

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the Committee and shall take effect upon the entry of the Participant into the Plan. The investment election of the Participant shall remain in effect until
a new election is made by the Participant. In the event the Participant fails for any reason to make an effective election of the investment return to be credited to his account, the investment return shall be determined by the Committee.

 8.3 Adjustments to Deferred Compensation Account. With respect to each Participant who has a Deferred Compensation Account under
the Plan, the amount credited to such account shall be adjusted by the following debits and credits, at the times and in the order stated: 
 8.3.1 The Deferred Compensation Account shall be debited each business day with the total amount of any payments made from such account since the last preceding business day to him or for his benefit. 
 8.3.2 The Deferred Compensation Account shall be credited on each Crediting Date with the total amount of any Participant Deferral Credits and Employer
Credits to such account since the last preceding Crediting Date. 
 8.3.3 The Deferred Compensation Account shall be credited or debited on
each day securities are traded on a national stock exchange with the amount of deemed investment gain or loss resulting from the performance of the investment funds elected by the Participant in accordance with Section 8.2. The amount of such
deemed investment gain or loss shall be determined by the Committee and such determination shall be final and conclusive upon all concerned. 
 Section 9.        Administration by Committee: 
 9.1 Membership
of Committee. If the Committee consists of individuals appointed by the Board, they will serve at the pleasure of the Board. Any member of the Committee may resign, and his successor, if any, shall be appointed by the Board. 
 9.2 General Administration. The Committee shall be responsible for the operation and administration of the Plan and for carrying out its
provisions. The Committee shall have the full authority and discretion to make, amend, interpret, and 

  

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enforce all appropriate rules and regulations for the administration of this Plan and decide or resolve any and all questions, including interpretations of
this Plan, as may arise in connection with this Plan. Any such action taken by the Committee shall be final and conclusive on any party. To the extent the Committee has been granted discretionary authority under the Plan, the Committee’s prior
exercise of such authority shall not obligate it to exercise its authority in a like fashion thereafter. The Committee shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions and reports furnished by any actuary,
accountant, controller, counsel or other person employed or engaged by the Employer with respect to the Plan. The Committee may, from time to time, employ agents and delegate to such agents, including employees of the Employer, such administrative
or other duties as it sees fit. 
 9.3 Indemnification. To the extent not covered by insurance, the Employer shall indemnify the
Committee, each employee, officer, director, and agent of the Employer, and all persons formerly serving in such capacities, against any and all liabilities or expenses, including all legal fees relating thereto, arising in connection with the
exercise of their duties and responsibilities with respect to the Plan, provided however that the Employer shall not indemnify any person for liabilities or expenses due to that person’s own gross negligence or willful misconduct 
 Section 10.        Contractual Liability: 
 10.1 Contractual Liability. Unless otherwise elected in the Adoption Agreement, the Company shall be obligated to make all payments hereunder. This
obligation shall constitute a contractual liability of the Company to the Participants, and such payments shall be made from the general funds of the Company. The Company 

  

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shall not be required to establish or maintain any special or separate fund, or otherwise to segregate assets to assure that such payments shall be made, and
the Participants shall not have any interest in any particular assets of the Company by reason of its obligations hereunder. To the extent that any person acquires a right to receive payment from the Company, such right shall be no greater than the
right of an unsecured creditor of the Company. 
 10.2 Trust. The Employer may establish a trust to assist it in meeting its
obligations under the Plan. Any such trust shall conform to the requirements of a grantor trust under Revenue Procedures 92-64 and 92-65 and at all times during the continuance of the trust the principal and income of the trust shall be subject to
claims of general creditors of the Employer under federal and state law. The establishment of such a trust would not be intended to cause Participants to realize current income on amounts contributed thereto, and the trust would be so interpreted
and administered. 
 Section 11.        Allocation of Responsibilities:

 The persons responsible for the Plan and the duties and responsibilities allocated to each are as follows: 
 11.1 Board. 
  

	 	(i)	To amend the Plan; 

  

	 	(ii)	To appoint and remove members of the Committee; and 

  

	 	(iii)	To terminate the Plan as permitted in Section 14. 

 11.2 Committee. 
  

	 	(i)	To designate Participants; 

  

	 	(ii)	To interpret the provisions of the Plan and to determine the rights of the Participants under the Plan, except to the extent otherwise provided in Section 16 relating to claims
procedure; 

  

	 	(iii)	To administer the Plan in accordance with its terms, except to the extent powers to administer the Plan are specifically delegated to another person or persons as provided in the
Plan; 

  

 20 

	 	(iv)	To account for the amount credited to the Deferred Compensation Account of a Participant; 

  

	 	(v)	To direct the Employer in the payment of benefits; 

  

	 	(vi)	To file such reports as may be required with the United States Department of Labor, the Internal Revenue Service and any other government agency to which reports may be required to
be submitted from time to time; and 

  

	 	(vii)	To administer the claims procedure to the extent provided in Section 16. 

 Section 12.        Benefits Not Assignable; Facility of Payments: 
 12.1 Benefits Not Assignable. No portion of any benefit credited or paid under the Plan with respect to any Participant shall be subject in any manner to anticipation, alienation, sale, transfer, assignment,
pledge, encumbrance or charge, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void, nor shall any portion of such benefit be in any manner payable to any assignee, receiver or any one
trustee, or be liable for his debts, contracts, liabilities, engagements or torts. Notwithstanding the foregoing, in the event that all or any portion of the benefit of a Participant is transferred to the former Spouse of the Participant incident to
a divorce, the Committee shall maintain such amount for the benefit of the former Spouse until distributed in the manner required by an order of any court having jurisdiction over the divorce, and the former Spouse shall be entitled to the same
rights as the Participant with respect to such benefit. 
 12.2 Plan-Approved Domestic Relations Orders. The Committee shall establish
procedures for determining whether an order directed to the Plan is a Plan-Approved Domestic Relations Order. If the Committee determines that an order is a 

  

 21 

 
Plan-Approved Domestic Relations Order, the Committee shall cause the payment of amounts pursuant to or segregate a separate account as provided by (and to
prevent any payment or act which might be inconsistent with) the Plan-Approved Domestic Relations Order. 
 12.3 Payments to Minors and
Others. If any individual entitled to receive a payment under the Plan shall be physically, mentally or legally incapable of receiving or acknowledging receipt of such payment, the Committee, upon the receipt of satisfactory evidence of his
incapacity and satisfactory evidence that another person or institution is maintaining him and that no guardian or committee has been appointed for him, may cause any payment otherwise payable to him to be made to such person or institution so
maintaining him. Payment to such person or institution shall be in full satisfaction of all claims by or through the Participant to the extent of the amount thereof. 
 Section 13.        Beneficiary: 
 The
Participant’s beneficiary shall be the person, persons, entity or entities designated by the Participant on the beneficiary designation form provided by and filed with the Committee or its designee. If the Participant does not designate a
beneficiary, the beneficiary shall be his Surviving Spouse. If the Participant does not designate a beneficiary and has no Surviving Spouse, the beneficiary shall be the Participant’s estate. The designation of a beneficiary may be changed or
revoked only by filing a new beneficiary designation form with the Committee or its designee. If a beneficiary (the “primary beneficiary”) is receiving or is entitled to receive payments under the Plan and dies before receiving all of the
payments due him, the balance to which he is entitled shall be paid to the contingent beneficiary, if any, named in the Participant’s current 

  

 22 

 
beneficiary designation form. If there is no contingent beneficiary, the balance shall be paid to the estate of the primary beneficiary. Any beneficiary may
disclaim all or any part of any benefit to which such beneficiary shall be entitled hereunder by filing a written disclaimer with the Committee before payment of such benefit is to be made. Such a disclaimer shall be made in a form satisfactory to
the Committee and shall be irrevocable when filed. Any benefit disclaimed shall be payable from the Plan in the same manner as if the beneficiary who filed the disclaimer had predeceased the Participant. 
 Section 14.        Amendment and Termination of Plan: 
 The Company may amend any provision of the Plan or terminate the Plan at any time; provided, that in no event shall such amendment or termination reduce
the balance in any Participant’s Deferred Compensation Account as of the date of such amendment or termination, nor shall any such amendment affect the terms of the Plan relating to the payment of such Deferred Compensation Account.
Notwithstanding the foregoing, the following special provisions shall apply: 
 14.1 Termination in the Discretion of the Employer.
Except as otherwise provided in Sections 14.2, the Company in its discretion may terminate the Plan and distribute benefits to Participants subject to the following requirements and any others specified under Section 409A of the Code:

 14.1.1 All arrangements sponsored by the Employer that would be aggregated with the Plan under Section 1.409A-l(c) of the Treasury
Regulations are terminated. 
 14.1.2 No payments other than payments that would be payable under the terms of the Plan if the termination
had not occurred are made within 12 months of the termination date. 
 14.1.3 All benefits under the Plan are paid within 24 months of the
termination date. 
  

 23 

 14.1.4 The Employer does not adopt a new arrangement that would be aggregated with the Plan under
Section 1.409A-1(c) of the Treasury Regulations providing for the deferral of compensation at any time within 3 years following the date of termination of the Plan. 
 14.1.5 The termination does not occur proximate to a downturn in the financial health of the Employer. 
 14.2 Termination Upon Change in Control Event. If the Company terminates the Plan within thirty days preceding or twelve months following a Change in Control Event, the Deferred Compensation Account of each Participant shall become
fully vested and payable to the Participant in a lump sum within twelve months following the date of termination, subject to the requirements of Section 409A of the Code. 
 Section 15.        Communication to Participants: 
 The Employer shall make a copy of the Plan available for inspection by Participants and their beneficiaries during reasonable hours at the principal
office of the Employer. 
 Section 16.        Claims Procedure: 

The following claims procedure shall apply with respect to the Plan: 
 16.1 Filing of a Claim for Benefits. If a Participant or Beneficiary (the “claimant”) believes that he is entitled to benefits under the Plan which are not being paid to him or which are not being
accrued for his benefit, he shall file a written claim therefore with the Committee. 
 16.2 Notification to Claimant of Decision.
Within 90 days after receipt of a claim by the Committee (or within 180 days if special circumstances require an extension of time), the Committee shall notify the claimant of the decision with regard to the claim. In the event of such special
circumstances requiring an extension of time, there shall be 

  

 24 

 
furnished to the claimant prior to expiration of the initial 90-day period written notice of the extension, which notice shall set forth the special
circumstances and the date by which the decision shall be furnished. If such claim shall be wholly or partially denied, notice thereof shall be in writing and worded in a manner calculated to be understood by the claimant, and shall set forth:
(i) the specific reason or reasons for the denial; (ii) specific reference to pertinent provisions of the Plan on which the denial is based; (iii) a description of any additional material or information necessary for the claimant to
perfect the claim and an explanation of why such material or information is necessary; and (iv) an explanation of the procedure for review of the denial and the time limits applicable to such procedures, including a statement of the
claimant’s right to bring a civil action under ERISA following an adverse benefit determination on review. Notwithstanding the foregoing, if the claim relates to a disability determination, the Committee shall notify the claimant of the
decision within 45 days (which may be extended for an additional 30 days if required by special circumstances). 
 16.3 Procedure for
Review. Within 60 days following receipt by the claimant of notice denying his claim, in whole or in part, or, if such notice shall not be given, within 60 days following the latest date on which such notice could have been timely given, the
claimant may appeal denial of the claim by filing a written application for review with the Committee. Following such request for review, the Committee shall fully and fairly review the decision denying the claim. Prior to the decision of the
Committee, the claimant shall be given an opportunity to review pertinent documents and to submit issues and comments in writing. 
  

 25 

 16.4 Decision on Review. The decision on review of a claim denied in whole or in part by the
Committee shall be made in the following manner: 
 16.4.1 Within 60 days following receipt by the Committee of the request for review (or
within 120 days if special circumstances require an extension of time), the Committee shall notify the claimant in writing of its decision with regard to the claim. In the event of such special circumstances requiring an extension of time, written
notice of the extension shall be furnished to the claimant prior to the commencement of the extension. Notwithstanding the foregoing, if the claim relates to a disability determination, the Committee shall notify the claimant of the decision within
45 days (which may be extended for an additional 45 days if required by special circumstances). 
 16.4.2 With respect to a claim that is
denied in whole or in part, the decision on review shall set forth specific reasons for the decision, shall be written in a manner calculated to be understood by the claimant, and shall set forth: 
  

	 	(i)	the specific reason or reasons for the adverse determination; 

  

	 	(ii)	specific reference to pertinent Plan provisions on which the adverse determination is based; 

  

	 	(iii)	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 claim for benefits; and 

  

	 	(iv)	a statement describing any voluntary appeal procedures offered by the Plan and the claimant’s right to obtain the information about such procedures, as well as a statement of
the claimant’s right to bring an action under ERISA section 502(a). 

 16.4.3 The decision of the Committee shall be final
and conclusive. 
 16.5 Action by Authorized Representative of Claimant. All actions set forth in this Section 16 to be taken by
the claimant may likewise be taken by a representative of the claimant duly authorized by him to act in his behalf on such matters. The Committee may require such evidence as either may reasonably deem necessary or advisable of the authority to act
of any such representative. 
  

 26 

 Section 17.        Miscellaneous
Provisions: 
 17.1 Set off. Notwithstanding any other provision of this Plan, the Employer may reduce the amount of any
payment otherwise payable to or on behalf of a Participant hereunder (net of any required withholdings) at the time payment is due by the amount of any loan, cash advance, extension of credit or other obligation of the Participant to the Employer
that is then due and payable, and the Participant shall be deemed to have consented to such reduction. In addition, the Employer may at any time offset a Participant’s Deferral Compensation Account by an amount up to $5,000 to collect any such
amount in accordance with the requirements of Section 409A of the Code. 
 17.2 Notices. Each Participant who is not in Service
and each Beneficiary shall be responsible for furnishing the Committee or its designee with his current address for the mailing of notices and benefit payments. Any notice required or permitted to be given to such Participant or Beneficiary shall be
deemed given if directed to such address and mailed by regular United States mail, first class, postage prepaid. If any check mailed to such address is returned as undeliverable to the addressee, mailing of checks will be suspended until the
Participant or Beneficiary furnishes the proper address. This provision shall not be construed as requiring the mailing of any notice or notification otherwise permitted to be given by posting or by other publication. 
 17.3 Lost Distributees. A benefit shall be deemed forfeited if the Committee is unable to locate the Participant or Beneficiary to whom payment is
due on or before the fifth anniversary of the date payment is to be made or commence; provided, that the deemed investment rate of return pursuant to Section 8.2 shall cease to be applied to the Participant’s account following the first
anniversary of such date; provided further, however, that such benefit shall be reinstated if a valid claim is made by or on behalf of the Participant or Beneficiary for all or part of the forfeited benefit. 
  

 27 

 17.4 Reliance on Data. The Employer and the Committee shall have the right to rely on any data
provided by the Participant or by any Beneficiary. Representations of such data shall be binding upon any party seeking to claim a benefit through a Participant, and the Employer and the Committee shall have no obligation to inquire into the
accuracy of any representation made at any time by a Participant or Beneficiary. 
 17.5 Receipt and Release for Payments. Subject to
the provisions of Section 17.1, any payment made from the Plan to or with respect to any Participant or Beneficiary, or pursuant to a disclaimer by a Beneficiary, shall, to the extent thereof, be in full satisfaction of all claims hereunder
against the Plan and the Employer with respect to the Plan. The recipient of any payment from the Plan may be required by the Committee, as a condition precedent to such payment, to execute a receipt and release with respect thereto in such form as
shall be acceptable to the Committee. 
 17.6 Headings. The headings and subheadings of the Plan have been inserted for convenience of
reference and are to be ignored in any construction of the provisions hereof. 
 17.7 Continuation of Employment. The establishment of
the Plan shall not be construed as conferring any legal or other rights upon any Employee or any persons for continuation of employment, nor shall it interfere with the right of the Employer to discharge any Employee or to deal with him without
regard to the effect thereof under the Plan. 
  

 28 

 17.8 Merger or Consolidation; Assumption of Plan. No Employer shall consolidate or merge into or
with another corporation or entity, or transfer all or substantially all of its assets to another corporation, partnership, trust or other entity (a “Successor Entity”) unless such Successor Entity shall assume the rights, obligations and
liabilities of the Employer under the Plan and upon such assumption, the Successor Entity shall become obligated to perform the terms and conditions of the Plan. Nothing herein shall prohibit the assumption of the obligations and liabilities of the
Employer under the Plan by any Successor Entity. 
 17.9 Construction. The Employer shall designate in the Adoption Agreement the
state according to whose laws the provisions of the Plan shall be construed and enforced, except to the extent that such laws are superseded by ERISA and the applicable requirements of the Code. 
 17.10 Taxes. The Employer or other payor may withhold a benefit payment under the Plan or a Participant’s wages, or the Employer may reduce a
Participant’s Account balance, in order to meet any federal, state, or local or employment tax withholding obligations with respect to Plan benefits, as permitted under Section 409A of the Code. The Employer or other payor shall report
Plan payments and other Plan-related information to the appropriate governmental agencies as required under applicable laws. 
 Section 18.        Transition Rules: 
 This Section 18 does not apply to
plans newly established on or after January 1, 2009. 
 18.1 2005 Election Termination. Notwithstanding Section 4.1.4, at
any time during 2005, a Participant may terminate a Participation Agreement, or modify a Participation Agreement to reduce the amount of Compensation subject to the deferral election, so long as the Compensation subject to the terminated or modified
Participation Agreement is includible in the income of the Participant in 2005 or, if later, in the taxable year in which the amounts are earned and vested. 
  

 29 

 18.2 2005 Deferral Election. The requirements of Section 4.1.2 relating to the timing of the
Participation Agreement shall not apply to any deferral elections made on or before March 15, 2005, provided that (a) the amounts to which the deferral election relate have not been paid or become payable at the time of the election,
(b) the Plan was in existence on or before December 31, 2004, (c) the election to defer compensation is made in accordance with the terms of the Plan as in effect on December 31, 2005 (other than a requirement to make a deferral
election after March 15, 2005), and (d) the Plan is otherwise operated in accordance with the requirements of Section 409A of the Code. 
 18.3 2005 Termination of Participation; Distribution. Notwithstanding anything in this Plan to the contrary, at any time during 2005, a Participant may terminate his or her participation in the Plan and receive
a distribution of his Deferred Compensation Account balance on account of that termination, so long as the full amount of such distribution is includible in the Participant’s income in 2005 or, if later, in the taxable year of the Participant
in which the amount is earned and vested. 
 18.4 Payment Elections. Notwithstanding the provisions of Sections 7.1 or 7.5 of the
Plan, a Participant may elect on or before December 31, 2008, the time or form of payment of amounts subject to Section 409A of the Code provided that such election applies only to amounts that would not otherwise be payable in the year of
the election and does not cause an amount to paid in the year of the election that would not otherwise be payable in such year. 
  

 30 

					
	

	  	Plan Summary	  	IBERIABANK Corporation
	  		  	IBERIABANK Corporation Deferred Compensation Plan
	  	Principal Life Insurance Company	  	
	  	Des Moines, Iowa 50392-0001	  	Contract ID: 454981

 Purpose of the Plan 
 To attract and retain a select group of management or highly compensated employees and to provide them an opportunity to defer compensation on a pre-tax basis and accumulate tax-deferred earnings to achieve their
financial goals. The IBERIABANK Corporation Deferred Compensation Plan provides the following benefits: 
  

	 	•	 	 Opportunity to defer compensation in excess of qualified retirement plan limits on a pre-tax basis. * 

  

	 	•	 	 Earnings accumulate tax-deferred 

  

	 	•	 	 Systematic savings through payroll deduction 

  

	 	•	 	 Various reference investment choices (see details at the end of this summary) 

  

	 	•	 	 Ability to tailor benefit distribution options to meet personal needs 

	*	Please note, contributions to the plan are subject to FICA when benefits vest. Plan participant deferrals may not be deductible in all states. Contribution amounts are limited by
plan specific rules. 

 Plan Design 
 Eligibility 
 Determined by the company 
 Effective Date 
 January 1, 2008 
 Plan Year 
 The Plan Year shall end each year on the last day of the month of December. 
 Eligible Compensation and Participant Deferral Limits 
 0% to
100% of Base Salary 
 0% to 100% of Performance-Based Compensation (Annual Incentive Bonus) 
 0% to 100% of Commissions 
 0% to 100% of Service Bonus (Other Bonus) 
 0% to 100% of 1099 Income (i.e. Board/Consultant) 
 Employer
Credits 
 Employer Discretionary Credits 
 Crediting Date 
 Any business day on which the Participant Deferrals are received by the Provider. 
 Seniority Date 
 The date on which a Participant has attained
age 65. 
  

 Page 1 of 3 

					
	

	  	Plan Summary	  	IBERIABANK Corporation
	  		  	IBERIABANK Corporation Deferred Compensation Plan
	  	Principal Life Insurance Company	  	
	  	Des Moines, Iowa 50392-0001	  	Contract ID: 454981

  

 Vesting 
 Participant Deferrals are 100% vested immediately. 
 Participants become 100% vested in Employer Credits upon: 
  

	 	•	 	 Death 

  

	 	•	 	 Disability 

  

	 	•	 	 Change in Control Event 

 All Employer Credits
vesting schedules are to be determined by the Company at the time of the contribution. 
 Deferred Compensation Accounts 
 Participant’s deferred compensation account may consist of the following types of accounts. 
  

	 	•	 	 Retirement Accounts – Create an account to be distributed upon any unscheduled qualifying distribution event. Provides the opportunity to restore lost
benefits due to IRS limitations and/or provide supplemental benefits to meet retirement goals. 

  

	 	•	 	 In-Service Accounts – Create accounts with a defined distribution date. For example, this type of account could be set up to buy a second home.

  

	 	•	 	 Education Accounts – Create an account for each student to be distributed with a defined distribution date. For example, this type of account could be
set up for your child to pay for a 4 year college degree. 

 Qualifying Distribution Events and Election of Form of Payment 

 You elect the form of payment for Qualifying Distribution Events at the time you enroll in the plan. Any change to a form of payment must be made 12 months
prior to the distribution event and payment must be delayed for at least 5 years from the original date of distribution. Please note that the 5 year payment delay is not applicable for Death and Disability. Acceleration of payments is prohibited. An
intervening event may supersede any of the below qualifying distribution events. 
 Unscheduled Qualifying Distribution Events 
  

	 	•	 	 Separation from Service prior to Seniority Date  

 Distribution payments made as lump sum. 
  

	 	•	 	 Separation from Service after Seniority date, If Applicable  

 Distribution payments made as lump sum or annual installments up to 5 years. 
  

	 	•	 	 Separation from Service Upon a Change in Control Event  

 Distribution payments made as lump sum. 
  

	 	•	 	 Change in Control  

 Participants can elect distribution payments made as lump sum. 
 The employer reserves the right to terminate the Plan upon a Change
in Control and pay participant accounts in the form of a lump sum regardless of Participant elections. 
  

	 	•	 	 Unforeseeable Emergency  

 An approved request for a stated amount of money withdrawn from the account to cover an unforeseeable emergency, certain restrictions apply. 
  

	 	•	 	 Disability  

 Distribution payments made as lump sum or annual installments up to 5 years. 
  

	 	•	 	 Death 

 Distribution payments made as lump sum. 
  

 Page 2 to 3 

					
	

	  	Plan Summary	  	IBERIABANK Corporation
	  		  	IBERIABANK Corporation Deferred Compensation Plan
	  	Principal Life Insurance Company	  	
	  	Des Moines, Iowa 50392-0001	  	Contract ID: 454981

  

 Scheduled Qualifying Distribution Events 
  

	 	•	 	 In-Service 

 Distribution payments made as lump sum or annual installments up to 5 years. The accounts will be distributed at a future date as specified by the Participant in the Participant Deferral Agreement. If a qualifying distribution
event occurs prior to the planned In-Service Distribution dates, the distribution option pertaining to the qualifying distribution event will apply to the In-Service Distribution accounts. 
  

	 	•	 	 Education Account Distribution 

 Distribution payments made as lump sum or annual installments up to 5 years. The accounts will be distributed at a future date as specified by the Participant in the Participant Deferral Agreement. If a qualifying distribution
event occurs prior to the planned Education Distribution dates, the distribution option pertaining to the qualifying distribution event will apply to the Education Distribution accounts. 
 Account Information 
 Quarterly statements of account values will be provided to the Participant. 

For account information such as benefit valuation account, reference investment allocation or performance log on to www.principal.com or call
(800) 999-4031. 
 Plan Considerations 
 The
Plan is a nonqualified deferred compensation plan. Unlike a qualified plan, your Employer is not required to fund the benefits payable under the Plan. In other words, amounts you defer may not be paid into a trust for the purpose of paying your Plan
benefits. Even if deferred amounts are set aside in a trust, any value in the trust is subject to the Company’s general creditors. 
 The Plan has
established an account to track the value of your benefits under the Plan. The value of your benefit account reflects all contributions and the performance of those reference investments you have selected. The Plan makes certain reference
investments available to you. Your benefit under the plan is a contractual obligation of your employer. 
 Please note that loans are not allowed from the
Plan and rollovers to an IRA or other qualified accounts are not available under the Plan. 
 You may not change your deferral amount during a Plan year. You
may, however, change deferral amounts at the end of each Plan year with respect to future deferrals for the next Plan year. Decisions regarding deferral of Performance Based Compensation earned over a period of 12 months or more can be made any time
up until 6 months prior to the end of the performance period regardless of when the performance based compensation is actually paid. 
 Your deferrals into
this Plan may reduce the wages counted under your Employer’s qualified plan. Please take this into consideration when determining deferral amounts. 
 Reference Investments 
 Reference investments are investment fund options selected by the Plan. You select reference investments for
your benefit account. The performance of the reference investments you select affects the value of your benefit account. 
 Reference investments may or may
not actually be held by the Plan or set aside by the Company. If reference investments are held by the Plan, they are subject to the prior claims of your Employer’s general creditors. 
 Changes in value of the reference investments will be credited to your benefit account(s) each business day that the reference investments are available for trading,
generally whenever the New York Stock Exchange is open. 
 The list of reference investments and corresponding information is available via the website
created specifically for Participants at www.principal.com 
  

 Page 3 to 3Exhibit (4)(f)

 EXHIBIT 4(f) 
 Form of Policy Rider - Retirement Income Choice (Income/Death - Single) 

			
		 	Home Office located at:
	

	 	4 Manhattanville Road, Purchase, New York 10577
	 	Adm. Office located at:
	 	 4333 Edgewood Road N.E. Cedar Rapids, Iowa 52499
 (319) 398-8511

 GUARANTEED LIFETIME WITHDRAWAL BENEFIT 
 AND DEATH BENEFIT RIDER 
 This rider is issued as a
part of the policy (contract) to which it is attached. 
 All provisions of the policy that do not conflict with this rider apply to this rider. In the event
of any conflict between the provisions of this rider and the provisions of the policy, the provisions of this rider shall prevail over the provisions of the policy. 
 Rider Data Specification 
  

			
	Policy Number:	  	12345
	Rider Date:	  	09/01/2007
	Growth Rate Percentage:	  	5.00%
	Initial Rider Fee Percentage:	  	0.85%
	Annuitant:	  	John Doe
	Annuitant’s Issue Age/Sex:	  	65 / Male

 ARTICLE I 
 You may cancel this rider before midnight of the thirtieth day after you received it and no rider fees will be assessed. 
 This benefit
provides a minimum withdrawal benefit that guarantees, upon election, a series of withdrawals from the policy equal to the Withdrawal Percentage shown in Article II applied to the benefit base. The benefit base is established for the sole purpose of
determining the minimum withdrawal benefit and is not used in calculating the cash surrender value or other guaranteed benefits. 
 This rider will
terminate upon the annuitant’s death, if you surrender your policy, elect to upgrade (as described in Article III of this rider), or elect to receive annuity payments under your policy. This rider will also terminate if the policy to which this
rider is attached is assigned or if the owner is changed without our approval. You can terminate this rider within 30 days after the fifth rider anniversary and every fifth rider anniversary thereafter. Termination of the rider will result in the
loss of all benefits provided by the rider. 
 If you elect this rider, 100% of your policy value must be in one or more of the designated funds (shown on
the application which is attached and made part of the policy). You can generally transfer between the designated funds as permitted under your policy; however, you cannot make transfers as provided for in the policy to a non-designated fund while
this rider is in force. If you wish to make a transfer to a non-designated fund, this rider must be terminated, as described above, prior to making the transfer. 
 A rider fee will be deducted on each rider anniversary and upon rider termination as described below. 
 DEFINITIONS: 
 Terms used that are not defined in this rider shall have the same meaning as those in your policy. 
 Designated Funds 
 Investment options authorized for use with this rider and identified by us as designated funds.

					
	RGMB 27 0108 AS NY	 	1	 	Income/Death-Single

 ARTICLE I CONTINUED 
 Excess Withdrawal 
 The excess of a gross partial withdrawal over the rider withdrawal amount remaining prior to the withdrawal, if any.

 Gross Partial Withdrawal 
 The amount which will be
deducted from your policy value as a result of each partial withdrawal. 
 Rider Anniversary 
 The anniversary of the rider date. 
 Rider Fee 
 The rider fee is the rider fee percentage multiplied by the withdrawal base at the time the fee is deducted. This amount will change if the withdrawal base changes. The
rider fee percentage will not change during the first five rider years, and will only change thereafter due to an automatic step-up. You will be notified of any increase in the rider fee percentage. This fee will be deducted from each subaccount in
proportion to the amount of policy value in that subaccount on each rider anniversary prior to any increase in the withdrawal base. A portion of this fee will also be deducted when the rider is terminated based on the number of days that have
elapsed since the previous rider anniversary. 
 Rider Monthiversary 
 The same day of the month as the rider date. For months not containing that day, we will use the first day of the following month. 
 Rider Withdrawal Amount 
 The total amount that can be withdrawn from the policy each rider year without reducing the withdrawal base. This
amount will change if the withdrawal base changes. 
 Rider Year 
 Each twelve-month period following the rider date. 
 Withdrawal Base 
 The amount used to calculate the rider withdrawal amount and the rider fee. This amount cannot be taken as a lump sum. 
 ARTICLE II 
 GUARANTEED LIFETIME WITHDRAWAL BENEFIT 
 Under this rider, we guarantee that you can withdraw up to the rider withdrawal amount each rider year, regardless of the policy value, until the annuitant’s death. 
 The withdrawal percentage is determined by the attained age (age at last birthday) of the annuitant at the time of the first withdrawal of any amount from the policy
value taken on or after the rider anniversary following the annuitant’s 59th birthday. Once the withdrawal percentage is established, it may only be changed by an upgrade and redetermined at that time. The withdrawal percentages are shown in
the table below. 
  

			
	 Attained Aee
	  	Withdrawal
Percentage
	 59 - 69
	  	5.0%
	 70 - 79
	  	6.0%
	 80 +
	  	7.0%

 If the annuitant is not yet 59 on the rider date, the withdrawal percentage will be zero until the rider
anniversary following the annuitant’s 59th birthday. 
 Withdrawals will reduce the policy value of the policy to which this rider is attached. If the
policy value equals zero, you cannot make subsequent premium payments and all other policy features, benefits and guarantees are no longer available. Withdrawals guaranteed by this rider can be continued by selecting an amount and frequency in
accordance with the policy provisions to which this rider attaches. Once the payment amount and frequency are established, they cannot be changed and no additional withdrawals will be allowed. 

					
	RGMB 27 0108 AS NY	 	2	 	Income/Death-Single

 ARTICLE II CONTINUED 
 We guarantee that you may withdraw up to the rider withdrawal amount each year regardless of the policy value until the annuitant’s death. Any amount you withdraw in excess of the rider withdrawal amount may impact the withdrawal base
on a greater than dollar-for-dollar basis. 
 Example 
 Assume you are the owner and annuitant and make a single premium payment of $100,000 when you are 60 years old. Assume you do not make any withdrawals or additional premium payments. Assume that after ten rider years,
your policy value has declined to $50,000 solely because of negative investment performance. Assuming a withdrawal percentage of 6%, you could still withdraw up to $9773 each rider year for the rest of your life (assuming that you do not
withdraw more than $9773 in any one rider year). 
 Please see the Appendix attached to this rider which illustrates the withdrawal benefit. 
 The Guaranteed Lifetime Withdrawal Benefit can only be taken as a withdrawal benefit and it does not increase the policy value. 
 ISSUE AGE AND SURVIVAL 
 The benefits under this rider depend on the
annuitant being alive at the time of withdrawal and the amount of the benefit depends on the issue age of the annuitant. Proof of survival and the issue age may be required by the Company. 
 If the annuitant’s age has been misstated, this rider’s fees and benefits will be adjusted to the amounts which would have been calculated for the correct age.
However, if this rider would not have been issued had the age not been misstated, the rider is treated as if it never existed. If withdrawals under the provisions of the rider have already commenced and the misstatement caused the rider withdrawal
amount to be overstated, any withdrawal in excess of the correct rider withdrawal amount will be considered an excess withdrawal and will impact the withdrawal base and rider withdrawal amount. If overpayments occurred when the sum of the
accumulated values in all the designated funds was zero, the amount of that overpayment will be deducted from one or more future payments until this amount is paid in full. 
 RIDER WITHDRAWAL AMOUNT 
 The rider withdrawal amount will be equal to the greater of 1) and 2), where: 
  

	1)	is the withdrawal percentage multiplied by the withdrawal base; 

  

	2)	is an amount equal to the minimum required distribution amount. Prior to the 1st rider anniversary, this amount is based on the initial policy value on the rider date. After this
time, the minimum required distribution is calculated based on the rules established by the IRS. The minimum required distribution may only be used if all of the following are true: 

  

	 	A)	the policy to which this rider is attached is a tax-qualified policy for which IRS minimum required distributions are required, 

  

	 	B)	the minimum required distributions do not start prior to the annuitant’s attained age 70 1/2, 

  

	 	C)	the minimum required distributions are based on either the Uniform Lifetime table or the Joint Life and Last Survivor Expectancy table, 

  

	 	D)	the minimum required distributions are based on age of the living annuitant. The minimum required distributions can not be based on the age of someone who is deceased,

  

	 	E)	the minimum required distributions are based only on the policy to which this rider is attached, and 

  

	 	F)	the minimum required distributions are only for the current rider year. Amounts carried over from past rider years are not considered. 

 If any of the above are not true, then 2) is equal to zero and it is not available as a rider withdrawal amount. An amount in addition to the amount described in 2)
above, may need to be taken to satisfy minimum required distributions, in certain situations. Such additional withdrawal amount will be considered an excess withdrawal. 
 If you withdraw less than the rider withdrawal amount in a rider year, the unused portion cannot be carried over to the next rider year. 
  

					
	RGMB 27 0108 AS NY	 	3	 	Income/Death-Single

 ARTICLE II CONTINUED 
 WITHDRAWAL BASE 
 The withdrawal base is used to calculate the rider withdrawal amount. On the rider date, the initial withdrawal base is
equal to the policy value (less any premium enhancements if the rider is added in the first policy year). During any rider year, the withdrawal base is increased by subsequent premium payments (less any premium enhancements), and is reduced for
excess withdrawals. 
 On each rider anniversary, the withdrawal base will be set to the greatest of: 
  

	 	1)	The current withdrawal base; 

  

	 	2)	The policy value on the rider anniversary, 

  

	 	3)	The highest policy value on a rider monthiversary; or 

  

	 	4)	The current withdrawal base immediately prior to anniversary processing increased by the growth rate percentage. 

 Item 3) above will be zero if there have been any excess withdrawals in the current rider year. Item 4) above will be zero after the l0 th rider anniversary or
if there have been any withdrawals in the current rider year. 
 AUTOMATIC STEP-UP FEATURE 
 The rider receives an automatic step-up on the rider anniversary if the withdrawal base is set equal to the policy value or the highest policy value on a rider
monthiversary. This feature does not require the termination of the existing rider. This rider will continue with the same rider date and features. The rider fee percentage may be changed due to an automatic step-up, but there will be no increase in
the rider fee percentage during the first five rider years. Following the fifth rider anniversary, the rider fee percentage may be increased due to an automatic step-up, but will not increase more than 0.75% from the initial rider fee percentage
shown on page I. 
 You have the right to reject an automatic step-up within 30 days following a rider anniversary, if the rider fee percentage increases. If
you reject an automatic step-up, you must notify us in a manner which is acceptable to us. Changes as a result of the automatic step-up feature will be reversed. And any increase in the rider fee percentage will also be reversed. 
 WITHDRAWAL BASE ADJUSTMENTS 
 Gross partial withdrawals, taken in a
rider year, less than or equal to the rider withdrawal amount will not reduce the withdrawal base. Excess withdrawals will reduce the withdrawal base by the withdrawal base adjustment. The withdrawal base adjustment is the greater of 1) and 2),
where: 
  

	1)	is the excess withdrawal amount; and 

  

	2)	is the result of (A multiplied by B), divided by C, where: 

  

	 	A)	is the excess withdrawal; 

  

	 	B)	is the withdrawal base prior to the excess withdrawal amount; and 

  

	 	C)	is the policy value after the rider withdrawal amount has been withdrawn, but prior to the withdrawal of the excess withdrawal amount. 

  

					
	RGMB 27 0108 AS NY	 	4	 	Income/Death-Single

 ARTICLE II CONTINUED 
 RIDER DEATH BENEFIT 
 Upon the annuitant’s death, we will pay an additional death benefit amount equal to the excess, if any, of the
rider death benefit over the greater of the base policy death benefit and this rider will then terminate. The rider death benefit on the rider date is equal to the policy value (less any premium enhancements, if the rider is added in the first
policy year). The rider death benefit after the rider date is equal to the rider death benefit on the rider date plus any premiums (not including premium enhancements, if any) added after the rider date less any rider death benefit adjustments.

 The rider death benefit does not reset due to the automatic step-up. 
 RIDER DEATH BENEFIT ADJUSTMENTS 
 Cumulative gross partial withdrawals, taken in a rider year, up to the rider withdrawal amount will reduce
the rider death benefit by the same amount (dollar for dollar). Excess withdrawals will reduce the rider death benefit by the greater of: 
  

	1)	the excess withdrawal amount; and 

  

	2)	the result of (A divided by B), multiplied by C, where: 

  

	 	A)	is the excess withdrawal; 

  

	 	B)	is the policy value after the rider withdrawal amount has been withdrawn, but prior to the excess withdrawal; and 

  

	 	C)	is the rider death benefit after the rider withdrawal amount has been withdrawn, but prior to the excess withdrawal. 

 ARTICLE III 
 CONTINUATION 
 In the case of spousal joint owners where one spouse is the annuitant, if the spouse who is not the annuitant dies and the surviving spouse is the sole beneficiary, the
surviving spouse may elect to continue the policy and rider. In the case of spousal joint owners where one spouse is the annuitant, if the spouse who is the annuitant dies, this rider will terminate. No additional death benefit will be paid under
this rider at this time. 
 In the case of non-spousal joint owners where an owner who is not the annuitant dies, the surviving owner (who is also the sole
designated beneficiary) may elect to receive lifetime income payments under this rider instead of receiving any benefits applicable to the policy. The lifetime income payments must begin no later than 1 year after the owner’s death and will be
equal to the rider withdrawal amount divided by the number of payments made per year. Once the payments begin, no additional premium payments will be accepted and no additional withdrawals will be paid. If these payments are elected but the
annuitant dies before the rider death benefit equals zero, the annuitant’s beneficiary will receive a death benefit equal to the rider death benefit. 
 ANNUITIZATION 
 On the maximum annuity commencement date, you will have the option to receive lifetime income payments that are no less than
your rider withdrawal amount each year. This option will also guarantee that the sum of all income payments received over time will equal or exceed the greater of the policy value or the rider death benefit on the maximum annuity commencement date.
If the annuitant should die before the sum of all income payments received equals or exceeds the greater of the policy value or the rider death benefit on the maximum annuity commencement date, the annuitant’s beneficiary will receive a final
payment equal to the difference. 
  

					
	RGMB 27 0108 AS NY	 	5	 	Income/Death-Single

 ARTICLE III CONTINUED 
 RIDER UPGRADE 
 You may elect, in writing, to upgrade the withdrawal base to the policy value within 30 days after the fifth rider
anniversary and every fifth rider anniversary thereafter, subject to the issue age restrictions on the new rider. If an upgrade is elected, this rider will terminate and a new rider with the same features will be issued with a new rider date. The
new rider will have its own rider fee percentage which may be higher than this rider’s rider fee percentage. Other riders with different features may be chosen, if available by the Company. 
 At the time of upgrade, the rider death benefit will also be upgraded to the policy value and the rider withdrawal amount will be recalculated based on the new
withdrawal base. 
 The new rider date will be the date the Company receives all information necessary, in a written form acceptable to the Company, to
process the upgrade. 
 Signed for us at our home office. 
  

					
			
	/s/ Craig D. Vermie	 		 	/s/ Mark W. Mullin
	SECRETARY	 		 	PRESIDENT

  

					
	RGMB 27 0108 AS NY	 	6	 	Income/Death-Single

 APPENDIX 
 EXAMPLE
OF EFFECT OF WITHDRAWALS ON RIDER BENEFITS 
 The following examples illustrate the effect of withdrawals on Rider benefits. A withdrawal greater than
the rider withdrawal amount is assumed at the end of year 1. A withdrawal equal to the rider withdrawal amount is assumed at the end of year 2. 
 The
Withdrawal Base and Rider Death Benefit on the rider date are $100,000. For this example, hypothetical policy values prior to each annual withdrawal are assumed to be $94,000 at the end of rider year 1, and $90,000 at the end of rider year 2. Assume
the rider is added to the policy on 12/1/2007 and the age of the annuitant is 65 years old. Since the annuitant is age 66 when they take their first withdrawal, their withdrawal percentage is assumed to be 5.0% in this example. 
 The effects on the withdrawal percentage, and on the Guaranteed Lifetime Withdrawal Benefit are shown in succession in this example. 
 ADJUSTED PARTIAL WITHDRAWAL CALCULATIONS FOR GUARANTEED LIFETIME WITHDRAWAL BENEFITS: 
 Withdrawal Base. Gross partial withdrawals up to the rider withdrawal amount will not reduce the withdrawal base. Gross partial withdrawals in excess of the rider withdrawal amount will reduce the withdrawal
base pro rata. The amount of the reduction due to the excess withdrawal is equal to the greater of: 
  

	 	1).	The excess gross partial withdrawal amount; and 

  

	 	2).	The result of (A / B) * C, where: 

  

	 	A	is the excess gross partial withdrawal (the amount in excess of the rider withdrawal amount remaining prior to the withdrawal); 

  

	 	B	is the policy value after the rider withdrawal amount has been withdrawn, but prior to the withdrawal of the excess amount; and 

  

	 	C	is the withdrawal base prior to the withdrawal of the excess amount. 

 Rider Death Benefit 
 Gross partial withdrawals, up to the rider withdrawal amount will reduce the rider death benefit by the same amount
(dollar-for-dollar). Gross partial withdrawals in excess of the rider withdrawal amount will reduce the rider death benefit pro rata. The amount of the reduction due to excess withdrawal is equal to the greater of: 
  

	1)	is the excess withdrawal amount; and 

  

	2)	is the result of (A / B) * C, where: 

  

	 	A)	is the excess gross partial withdrawal (the amount in excess of the rider withdrawal amount remaining prior to the withdrawal); 

  

	 	B)	is the policy value after the rider withdrawal amount has been withdrawn, but prior to the withdrawal of the excess amount; and 

  

	 	C)	is the rider death benefit after the rider withdrawal amount has been withdrawn, but prior to the withdrawal of the excess amount. 

 When a withdrawal is taken, three parts of the guaranteed lifetime withdrawal benefit can be affected: 
  

	 	1.	Rider Death Benefit (RDB) 

  

	 	2.	Withdrawal base (WB) 

  

	 	3.	Rider withdrawal amount (RWA) 

  

					
	RGMB 27 0108 AS NY	 	A-1	 	

 Effects on RDB, WB and RWA: 
 Year 1: 
 WB = $100,000 
 RDB = $100,000 
 5% Withdrawal (WD) would be $5,000 (5% of WB $100,000) 
 Assumed WD = $7,000 
 Excess withdrawal
(“EWD”) = $2,000 ($7,000 - $5,000) 
 Assumed Policy Value (PV) = $94,000 
 Rider Death Benefit amount after WD: 
  

			
	Step One.	  	 Is any portion of the total withdrawal greater Chan the rider withdrawal amount?
 Yes. $7,000 - $5,000 = $2,000 (the excess withdrawal amount)

		
	Step Two.	  	How much of the rider death benefit is effected by the excess withdrawal?
		  	 1.      Formula for pro rata amount is: (EWD / (PV - 5% WD)) * (RDB - 5% WD)

		  	 2.      ($2,000 / ($94,000 - $5,000)) * ($100,000 - $5,000) = $2,134.83

		
	Step Three.	  	 Which is larger, the actual $2,000 excess withdrawal or the $2,134.83 pro rata amount?
 $2,134.83 pro rata amount

		
	Step Four.	  	What is the rider death benefit after the withdrawal has been taken?
		  	 1.      Total to deduct from the rider death benefit is $5,000 (RWA) + $2,134.83 (pro rata excess) =
$7,134.83

		  	 2.      $100,000 - $7,134.83 = $92,865.17

 Withdrawal Base after WD: 
  

			
	Step One.	  	The withdrawal base is only reduced by amount of the excess or the pro rata amount if greater.
		
	Step Two.	  	Calculate how much the withdrawal base is effected by the excess withdrawal.
		  	 1.      The formula is (EWD / (PV - 5% WD)) * WB before any adjustments

		  	 2.      ($2,000 / ($94,000 - $5,000)) * $100,000 = $2,247.19

		
	Step Three.	  	 Which is larger, the actual $2,000 excess withdrawal or the $2,247.19 pro rata amount?
 $2,247.19 pro rata amount

		
	Step Four.	  	 What is the new withdrawal base upon which the rider withdrawal amount is based?
 $100,000 - $2,247.19 = $97,752.81

 Result. The new withdrawal base is $97,752.81. 
 Rider Withdrawal Amount after WD: 
 Because the withdrawal base was adjusted (due to excess withdrawal), we have to
calculate a new rider withdrawal amount based on 5% for the guarantee that will be available starting in the second rider year. 
  

			
	Step One.	  	 What is the rider withdrawal amount for rider year 2?
 $97,752.81 (the adjusted withdrawal base) * 5% = $4,887.64

 Result. Beginning in rider year 2, the maximum you can take out in a rider year is $4,887.64 annually without
causing an excess withdrawal for the guarantee and further reduction of the withdrawal base. 
  

					
	RGMB 27 0108 AS NY	 	A-2	 	

 Year 2: 
 WB
= $97,752.81 
 RDB = $92,865.17 
 5% WD would be $4,887.64 (5% of WB $97,752.81) 
 Assumed WD = $4,887.64 
 Excess withdrawal (“EWD”) = none 
 Assumed PV = $90,000 
  

			
	Step One.	  	 Is any portion of the total withdrawal greater than the rider withdrawal amount?
 No.

		
	Step Two.	  	What is the rider death benefit after the withdrawal has been taken?
		  	 1.      Total to deduct from the rider death benefit is $4,887.64 (there is no excess to
deduct).

		  	 2.      $92,865.17 - $4,887.64 = $87,977.53

 First day of Rider Year 3: 
 Assume the Death occurs for the policy. Also assume that the Policy Value on the date of death is $70,000, and the base policy death benefit is $75,000. The additional death benefit for the rider would be equal to the
excess of the RDB over the base policy death proceeds. 
 ($87,977.53 - $75,000.00) = $12,977.53 
  

					
	RGMB 27 0108 AS NY	 	A-3

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