TRIDENT BANCSHARES, INC. 200[ ] STOCK OPTION PLAN

EXHIBIT 10.1

TRIDENT BANCSHARES, INC.

200[  ] STOCK OPTION PLAN

The purposes of the Plan are: (i) to assist the Company in securing and retaining key employees and directors of outstanding ability by making it possible to offer them an increased incentive to join or continue in the service of the Company; and (ii) to increase the key employees’ efforts for the Company’s welfare by participating in the ownership and growth of the Company. The Options granted under the Plan may either be Incentive Stock Options or Non-Qualified Stock Options as specified in the Option Agreement. Any Option that fails to qualify as an ISO shall be a NQSO.

Subject to adjustments pursuant to the provisions of Section 14, there shall be authorized and reserved for issuance upon the exercise of Options to be granted under the Plan, [            ] ([            ]) shares of Common Stock. If an Option expires or terminates for any reason without being exercised in full, the unpurchased shares subject to such Option shall again be available for purposes of the Plan.

The Committee, whose members shall not be participants in the Plan, will have complete authority to interpret the Plan, make grants, and determine terms and conditions within the context of the Plan.

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Stock Option Plan

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The following persons are eligible to receive Options under the Plan: Full-time key employees or directors of the Company or its qualifying subsidiaries who are selected by the Committee from time to time and who, in the opinion of the Committee, have contributed in the past or who may be expected to contribute materially in the future to the successful performance of the Company.

The Board, upon recommendation of the Committee, may grant Options to full-time key employees of the Company as desirable. Any Option granted hereunder shall have a per share option exercise price at least equal to the fair market value of a share of the Common Stock on the date of the grant, except as stated in paragraph 10 below. The Option exercise price shall be subject to adjustments in accordance with the provisions of Section 14 herein.

Subject to the provisions of Section 9 herein, the period during which each Option may be exercised shall be fixed by the Committee at the time such Option is granted, but such period shall expire not later than ten years from the date the Option is granted.

The Options shall be exercised by written notice, delivered to the Secretary of the Company and signed by the Optionee or his or her successors stating the number of shares with respect to which the Option is being exercised. Payment in full of the Option price of the said shares must be made at the time of exercise, and payment must be made in immediately available funds.

All unexercised Options will terminate pursuant to their terms; provided , however , that no Option shall remain exercisable later than ninety (90) days after Optionee’s separation or termination from the Company by reason other than death or permanent disability. If an Optionee should die or become permanently disabled prior to separation or termination from the Company or within three (3) months after such separation or termination, the right of the Optionee or his or her successor in interest to exercise an Option shall terminate not later than twelve (12) months after the date of death or permanent disabi