BOURBON BANCSHARES, INC.
1993 NONEMPLOYEE DIRECTORS STOCK OWNERSHIP INCENTIVE PLAN
ARTICLE 1. PURPOSE.
The purpose of this 1993 Nonemployee Directors Stock Ownership Incentive Plan ("Plan") is to advance the
interest of Bourbon Bancshares, Inc., a Kentucky corporation ("Company"), and its subsidiaries, by providing
nonemployee directors of subsidiaries of the Company with an incentive that may enable them to acquire and
retain an ownership interest in the Company. The Plan is also intended to enhance the Company's ability to attract
and retain persons of outstanding ability to serve as directors of subsidiaries of the Company.
ARTICLE 2. DEFINITIONS AND CONSTRUCTION.
2.1 Definitions. As used in the Plan, terms defined parenthetically immediately after their use shall have the
respective meanings provided by such definitions, and the terms set forth below shall have the following meanings
(in either case, such meanings shall apply equally to both the singular and plural forms of the terms defined):
a. "Award" shall mean a grant of Options under the Plan.
b. "Award Date" shall mean March 1 of any fiscal year immediately following a fiscal year end of a Subsidiary as
to which a Performance Event has occurred.
c. "Board" shall mean the Board of Directors of the Company.
d. "Code" shall mean the Internal Revenue Code of 1986, as amended from time to time, or any successor
thereto, together with any regulations promulgated thereunder.
e. "Committee" shall mean the committee described in
f. "Disability" shall mean a physical or mental infirmity that the Committee determines impairs the Participant's
ability to perform substantially his or her duties for a period of 180 consecutive days.
g. "Director" shall mean any member of the Board of any Subsidiary of the Company who is not an employee of
the Company or any Subsidiary of the Company.
h. "Effective Date" shall mean the date described in
i. "Exchange Act" shall mean the Securities Excha