Exhibit 10.2
IBERIABANK
CORPORATION
PHANTOM STOCK UNIT
AGREEMENT
THIS AGREEMENT is entered into as of
,
(the
“ Award Date ”) by and between IBERIABANK
Corporation (the “ Corporation ”) and
(the “ Participant ”).
WHEREAS, the Corporation has
established the IBERIABANK Corporation 2009 Phantom Stock Plan (the
“ Plan ”) under which the Corporation may grant
awards of phantom stock units (the “ Phantom Stock
Units ”) to key employees and officers (including
officers who serve as directors) of the Corporation or its
subsidiaries, subject to terms, conditions, or restrictions as it
may deem appropriate; and
WHEREAS, the Corporation has awarded
to the Participant shares of Phantom Stock Units as described
herein and in the Plan;
NOW THEREFORE, in consideration of
the mutual promises and covenants contained herein, it is hereby
agreed as follows:
1. Grant of Phantom Stock
Units . Under the terms of the Plan, the Corporation has
awarded to the Participant an award of
Phantom Stock Units, effective as of the Award Date and subject to
the terms, conditions, and restrictions set forth in the Plan and
in this Agreement.
2. Dividend Equivalents . The
Participant shall also be entitled to receive Dividend Equivalents
on the Phantom Stock Units granted hereby, which shall be deemed to
be reinvested in accordance with the terms of the Plan. Dividend
Equivalents reinvested as Phantom Stock Units will vest or be
forfeited in tandem with the related Phantom Stock
Units.
3. Vesting . The Phantom
Stock Units wil
