Common use of Phantom Stock Clause in Contracts

Phantom Stock. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Corp. (“LBC”) adopted the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Corporation and Subsidiaries Phantom Stock Plan as of January 1, 2011, including any amendments thereto (the “Plan”). During the Term of Employment, ▇▇▇▇▇▇▇▇▇ shall be entitled to participate in the Plan in the same manner as any comparable employee in good standing of Bank. LBC reserves the right to amend or cancel the Plan at any time in its sole discretion, subject to the terms of such Plan and applicable law.

Phantom Stock. ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Corp. (“LBC”) adopted the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Corporation and Subsidiaries Phantom Stock Plan as of January 1, 2011, including any amendments thereto (the “Plan”). During the Term of Employment, ▇▇▇▇▇▇▇▇▇ shall be entitled to participate in the Plan in the same manner as any comparable employee in good standing of Bank. LBC reserves the right to amend or cancel the Plan at any time in its sole discretion, subject to the terms of such Plan and applicable law.