EMPLOYEE STOCK OWNERSHIP PLAN
PENSION PROTECTION ACT, HEART ACT AND
THE WORKER, RETIREE AND EMPLOYER RECOVERY ACT
CHANGES TO COMPLY WITH THE PENSION PROTECTION ACT
The following apply to the Plan’s Compliance with the Pension Protection Act of 2006 (the “PPA”).
1.1 Effective date of Amendment . BancFirst Corporation (the “Company”) adopts this Amendment to the BancFirst
Corporation Employee Stock Ownership Plan (the “Plan”) to reflect recent law changes. This Amendment is effective as
indicated below for the respective provisions.
1.2 Superseding of inconsistent provisions . This Amendment supersedes the provisions of the Plan to the extent those
provisions are inconsistent with the provisions of this Amendment.
1.3 Construction. Except as otherwise provided in this Amendment, any reference to “Section” in this Amendment refers only
to sections within this Amendment, and is not a reference to the Plan. The Article and Section numbering in this
Amendment is solely for purposes of this Amendment, and does not relate to any Plan article, section or other numbering
1.4 Effect of restatement of Plan. If the Company restates the Plan, then this Amendment shall remain in effect after such
restatement unless the provisions in this Amendment are restated or otherwise become obsolete (e.g., if the Plan is
restated onto a plan document which incorporates PPA provisions).
2.1 Vesting . The Plan’s Vesting Schedules are not changed by this Amendment because they comply with the requirements
of the PPA.
2.2 Direct Rollover Of Non-Spousal Distribution
a. Non-spouse beneficiary rollover right . For distributions after December 31, 2007, a non-spouse beneficiary who is a
“designated beneficiary” under Code §401(a)(9)(E) and the regulations thereunder, by a direct trustee-to-trustee
transfer (“direct rollover”), may roll over all or any portion of