Quitman Bancorp Inc – AGREEMENT AND PLAN OF MERGER (October 23rd, 2001)EXHIBIT 2.1 AGREEMENT AND PLAN OF MERGER BY AND BETWEEN COLONY BANKCORP, INC. AND QUITMAN BANCORP, INC. DATED AS OF OCTOBER 22, 2001 TABLE OF CONTENTS Page ---- PARTIES.............................................................................. 1 PREAMBLE............................................................................. 1 ARTICLE 1 TRANSACTIONS AND TERMS OF MERGER 1.1 Merger...............................
Quitman Bancorp Inc – Form of Stock Award Tax Notice (June 3rd, 1999)EXHIBIT 4.4 Form of Stock Award Tax Notice TAX ISSUES RELATED TO EXERCISE OF STOCK OPTIONS This memorandum reviews the tax effects upon the exercise of "Non-Incentive Stock Options" ("NSOs") (those options awarded to non-employee directors and perhaps to some officers) and "Incentive Stock Options" ("ISOs") (those options generally awarded to officers and employees). A. Exercise of an NSO ------------------ Upon the exercise of an NSO, the amount by which the fair market value of the shares on the date of exercise exceeds the exercise price will be taxed to the optionee as ordinary income. The Company will be entitled to a deduction in the same amount, provided it makes all required withholdings on the compensation element of the exercise. In general, the optionee's tax basis in the shares acquired by exercising an NSO is equal to the fair market v
Quitman Bancorp Inc – STOCK OPTION AGREEMENT (June 3rd, 1999)EXHIBIT 4.2 Form of Stock Option Agreement to be entered into with respect to Incentive Stock Options STOCK OPTION AGREEMENT ---------------------- FOR INCENTIVE STOCK OPTIONS UNDER SECTION 422 OF THE INTERNAL REVENUE CODE PURSUANT TO THE QUITMAN BANCORP, INC. 1999 STOCK OPTION PLAN ---------------------- FOR OFFICERS AND EMPLOYEES STOCK OPTIONS for a total of _________ shares of Common Stock of Quitman Bancorp, Inc. (the "Company"), which Option is intended to qualify as an Incentive Stock Option under Section 422 of the Internal Revenue Code of 1986, as amended, is hereby granted to ___________________ (the "Optionee"), at the price deter
Quitman Bancorp Inc – STOCK OPTION AGREEMENT (June 3rd, 1999)EXHIBIT 4.3 Form of Stock Option Agreement to be entered into with respect to Non-Incentive Stock Options STOCK OPTION AGREEMENT ---------------------- FOR NON-INCENTIVE STOCK OPTIONS PURSUANT TO THE QUITMAN BANCORP, INC. 1999 STOCK OPTION PLAN ---------------------- NON-EMPLOYEE DIRECTORS STOCK OPTIONS for a total of _______ shares of Common Stock of Quitman Bancorp, Inc. (the "Company") is hereby granted to _________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 1999 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference
Quitman Bancorp Inc – 1999 STOCK OPTION PLAN (June 3rd, 1999)EXHIBIT 4.1 Quitman Bancorp, Inc. 1999 Stock Option Plan QUITMAN BANCORP, INC. 1999 STOCK OPTION PLAN 1. Purpose of the Plan. The Plan shall be known as the Quitman Bancorp, Inc. ("Company") 1999 Stock Option Plan (the "Plan"). The purpose of the Plan is to attract and retain qualified personnel for positions of substantial responsibility and to provide additional incentive to officers, directors, key employees and other persons providing services to the Company, or any present or future parent or subsidiary of the Company to promote the success of the business. The Plan is intended to provide for the grant of "Incentive Stock Options," within the meaning of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code") and Non-Incentive Stock Options, options that do not so qu
Quitman Bancorp Inc – AGREEMENT (January 28th, 1998)EXHIBIT 10.2 EXECUTIVE INDEXED SALARY CONTINUATION PLAN AGREEMENT This Agreement, made and entered into this 15th day of December, 1996, by and between Quitman Federal Savings & Loan Association, a Bank organized and existing under the laws of the State of Georgia, hereinafter referred to as "the Bank," and Brenda C. Renfroe, a Key Employee and an Executive of the Bank, hereinafter referred to as "the Executive." The Executive has been in the employ of the Bank for several years and has now and for years past faithfully served the Bank. It is the consensus of the Board of Directors of the Bank (the Board) that the Executive's services have been of exceptional merit, in excess of the compensation paid and an invaluable contribution to the profits and position of the Bank in its field of activity. The Board further believes that the Executive's exper
Quitman Bancorp Inc – AGREEMENT (January 28th, 1998)EXHIBIT 10.1 DIRECTOR INDEXED SALARY CONTINUATION PLAN ----------------------------------------- AGREEMENT --------- This Agreement, made and entered into this 15th day of December, 1995, by and between Quitman Federal Savings & Loan Association, a Bank organized and existing under the laws of the State of Georgia, hereinafter referred to as "the Bank", and Walter B. Holwell, a Key Employee and the Director of the Bank hereinafter referred to as "the Director." The Director has been on the Board of the Bank for several years and has now and for years past faithfully served the Bank. It is the consensus of the Board of Directors of the Bank (the Board) that the Director's services have been of exceptional merit, in excess of the compensation paid and an invaluable contribution to the profits and p
