SEC Contract Filing

Filing Date: 2016-03-15

Document Content:
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<TYPE>EX-10.11
<SEQUENCE>2
<FILENAME>a15-23417_1ex10d11.htm
<DESCRIPTION>EX-10.11
<TEXT>

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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Exhibit&nbsp;10.11</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">YOUR COMMUNITY BANKSHARES,&nbsp;INC.</font></b></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">RESTRICTED STOCK UNITS AGREEMENT</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">THIS RESTRICTED STOCK UNITS AGREEMENT (the &#147;<u>Agreement</u>&#148;) is made as of the &nbsp;&nbsp;&nbsp;&nbsp; day of &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;, 20&nbsp;&nbsp; by and between &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (the &#147;<u>Recipient</u>&#148;) and Your Community Bankshares,&nbsp;Inc. (the &#147;<u>Company</u>&#148;), an Indiana corporation with its principal place of business at 101 West Spring Street, New Albany,&nbsp;Indiana 47150.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WITNESSETH:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the Compensation Committee of the Board of Directors of the Company (the &#147;<u>Compensation Committee</u>&#148;) has authorized and directed the Company to make an award to the Recipient of units entitling the Recipient to receive shares of the Company&#146;s $.10 par value per share common stock (&#147;<u>Common Stock</u>&#148;) under the terms and conditions set forth in this Agreement and pursuant to the Company&#146;s 2015 Stock Award Plan (the &#147;<u>Plan</u>&#148;); and</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">WHEREAS, the parties desire to enter into this Agreement to set forth the terms and conditions of such award.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">NOW, THEREFORE, in consideration of the foregoing and the mutual undertakings herein contained, and for other good and valuable consideration, the mutuality, receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:28.05pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Grant of Units</u>.&#160; Subject to the further terms, conditions and restrictions contained in this Agreement, in consideration for services to be performed by the Recipient as an employee of the Company and/or one of its subsidiaries, as of the date of this Agreement, the Company grants to the Recipient &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; restricted stock units (&#147;<u>Units</u>&#148;) having the characteristics, and entitling the Recipient to the benefits, hereinafter described.&#160; Each Unit represents an unfunded contractual right of the Recipient to receive from the Company one share of the Company&#146;s Common Stock under the vesting schedule set forth herein, subject to the other terms and conditions of this Agreement.&#160; As long as the Units remain unvested and forfeitable per this Agreement, such Units shall be deemed to be, and are referred to in this Agreement as, the &#147;<u>Restricted Units</u>&#148; or &#147;<u>Units</u>.&#148;</p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:28.05pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><u>Right to Receive Common Stock</u>.&#160; The Recipient shall have no rights of a shareholder with respect to the Company&#146;s Common Stock as a result of the Units.&#160; The Recipient shall not be a shareholder unless and until the Recipient receives a certificate for shares of Common Stock to which the Recipient becomes entitl