SEC Contract Filing

Filing Date: 2016-11-07

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>a2016-18vspzionsxfinal.htm
<DESCRIPTION>ZIONS BANCORPORATION 2016-2018 VALUE SHARING PLAN
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2016 Workiva -->
 <title>Exhibit</title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<div><a name="s0A7D7D4E4C1CDE819701305E5F4224C8"></a></div><div></div><div><br></div><div style="line-height:120%;text-align:right;padding-left:12px;font-size:10pt;"><font style="font-family:Arial;font-size:10pt;">EXHIBIT 10.1</font></div><div style="line-height:120%;text-align:center;padding-left:12px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:center;padding-left:12px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">Zions Bancorporation</font></div><div style="line-height:120%;text-align:center;padding-left:12px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;font-weight:bold;">2016 - 2018 Value Sharing Plan</font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:12pt;"><font style="font-family:Arial;font-size:12pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Objective: </font><font style="font-family:Arial;font-size:11pt;">The purpose of the 2016 &#8211; 2018 Zions Bancorporation Value Sharing Plan (the &#8220;Plan&#8221;) is to provide a three year cash incentive plan for selected members of the senior management team and other key employees of Zions Bancorporation (the &#8220;Company&#8221;). It is designed to create long-term shareholder value by focusing the Participant&#8217;s attention on achieving superior results relative to financial objectives, credit quality and other important initiatives over a three year period. </font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Eligibility: </font><font style="font-family:Arial;font-size:11pt;">Selected key members of the senior management group and other key managers of the Bank (&#8220;Participants&#8221;) as determined by the Zions Bancorporation Board of Directors (the &#8220;Board&#8221;) or its Compensation Committee (the &#8220;Committee&#8221;), or by the Company&#8217;s CEO, under authority delegated by the Committee. </font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Effective Date:</font><font style="font-family:Arial;font-size:11pt;">&#32;January 1, 2016 through December 31, 2018 (the &#8220;Award Period&#8221;) with performance measured over the time period from January 1, 2016 to December 31, 2016 (the &#8220;Performance Period&#8221;)</font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Payment of Awards:</font><font style="font-family:Arial;font-size:11pt;">&#32;Subject to limitations enumerated in the &#8220;Other Administrative Provisions&#8221; section of the Plan, the incentive awards, if any, earned under this Plan will be paid within ninety days after the end of the Award Period. </font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Plan Administrator: </font><font style="font-family:Arial;font-size:11pt;">The Plan is to be governed and interpreted by the Committee.</font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">How the Plan Works:</font><font style="font-family:Arial;font-size:11pt;">&#32;&#32;</font></div><div style="line-height:120%;text-align:left;padding-left:12px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:24px;"></td><td></td></tr><tr><td style="vertical-align:top"><div style="line-height:120%;font-size:11pt;padding-left:0px;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">1)</font></div></td><td style="vertical-align:top;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;font-weight:bold;">Establishment of Award Fund</font></div></td></tr></table><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:left;padding-left:48px;font-size:11pt;"><font style="font-family:Arial;font-size:11pt;">An Award Fund will be established, the size of which will be determined by the Committee. Funding of the Aw