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EXHIBIT 10.1
Form of Notice of Award under the
Performance Share Plan
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To:
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[Name of
Executive Officer]
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From:
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Compensation Committee of the Board of
Directors
of Alabama National
BanCorporation
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Date:
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, 2007
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Re:
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Performance
Share Plan Award
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We are pleased to inform you that
Alabama National BanCorporation (“ANB”) has granted you
an Award under the Alabama National BanCorporation Performance
Share Plan (the “Plan”). Your Award has been set at a
target award amount of
shares (the “Target Award”) and a maximum eligible
award amount of
shares (the “Maximum Award”). This memorandum sets
forth some of the specific terms of your Award, and you should
retain it for future reference. References to defined terms in the
Plan are capitalized in this memorandum. The prospectus for the
Plan, which attaches a copy of the Plan, is being separately
delivered to you.
The Award Period applicable to this
Award is the four year period beginning on January 1, 20
and ending on December 31, 20
. The payout of the Award will
occur after the completion of the Award Period and the amount of
the payout can range from 0% to 170% of the Target Award. There are
no Interim Periods. The criteria established by the Compensation
Committee to determine the percentage of
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