SEC Contract Filing

Filing Date: 2016-05-17

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>ozrk-ex101_6.htm
<DESCRIPTION>EX-10.1
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.1</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;text-transform:uppercase;font-style:normal;font-variant: normal;">SECOND AMENDED AND RESTATED</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;text-transform:uppercase;font-style:normal;font-variant: normal;">bank of the ozarks, inc. </p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;text-transform:uppercase;font-style:normal;font-variant: normal;">2009 restricted stock AND INCENTIVE PLAN</p>
<p style="text-align:center;margin-bottom:6pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">(<font style="font-style:italic;">as amended and restated on May 16, 2016</font>)</p>
<p style="text-align:center;margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;text-transform:uppercase;font-style:normal;font-variant: normal;"><a name="_Toc222910927"></a><br><br>establishment and purpose</p>
<p style="margin-bottom:6pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><a name="_Toc222910928"></a>&nbsp;&nbsp;Establishment<font style="font-weight:normal;font-style:normal;">.&nbsp;&nbsp;Bank of the Ozarks, Inc. (the &#8220;Company&#8221;) established the Bank of the Ozarks, Inc. 2009 Restricted Stock Plan on April 21, 2009, which was amended and restated on May 19, 2014 (changing the name to the Restricted Stock and Incentive Plan) and amended and restated on May 16, 2016, subject to shareholder approval at the 2016 Annual Shareholders Meeting (as amended and restated to date, the &#8220;Plan&#8221;).&nbsp;&nbsp;All share amounts and share limitations have been adjusted to give effect to the 2-for-1 stock split on August 16, 2011 and on June 23, 2014 in accordance with </font><font style="text-decoration:underline;font-weight:normal;font-style:normal;">Section 5.3</font><font style="font-weight:normal;font-style:normal;">.</font></p>
<p style="margin-bottom:6pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><a name="_Toc222910929"></a>&nbsp;&nbsp;Purpose<font style="font-weight:normal;font-style:normal;">.&nbsp;&nbsp;The Plan is intended to provide incentive to key employees and officers of the Company to foster and promote the long-term financial success of the Company and materially increase shareholder value.&nbsp;&nbsp;The Plan is also intended to encourage proprietary interest in the Company, to encourage such individuals to remain in the employ of the Company and to attract new employees with outstanding qualifications.&nbsp;&nbsp;In furtherance thereof, the Plan permits incentives to key employees and officers of the Company.&nbsp;&nbsp;</font></p>
<p style="margin-bottom:6pt;margin-top:0pt;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">With respect to any awards granted under the Plan that are intended to comply with the requirements of &#8220;performance-based compensation&#8221; under Section 162(m) of the Code, the Plan shall be interpreted in a manner consistent with such requirements.</p>
<p style="text-align:center;margin-bottom:6pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;text-transform:uppercase;font-style:normal;font-variant: normal;"><a name="_Toc222910930"></a><br><br>Definitions</p>
<p style="margin-bottom:6pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;"><a name="_Toc222910931"></a>&nbsp;&nbsp;Definitions<font style="font-weight:normal;font-style:normal;">.&nbsp;&nbsp;The following terms have the following meanings when used herein, unless the context clearly indicates otherwise.</font></p>
<p style="margin-bottom:6pt;margin-top:0pt;margin-left:7.53%;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Agreement&#8221; means a written agreement entered into between the Company and the recipient of a Grant which sets forth the terms and conditions of the Grant.</p>
<p style="margin-bottom:6pt;margin-top:0pt;margin-left:7.53%;text-indent:7.69%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Board&#8221; means the Board of Directors of the Company.</p>
<p style="margin-bottom:6pt;margin-top:0pt;margin-left:7.31%;text-indent:8.08%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;Change in Control&#8221; or &#8220;Change of Control&#8221; means the earlier to occur of any of the following: (i) if during any period of two consecutive years, individuals who at the beginning of such period constitute the Board