COMMUNITY CENTRAL BANK CORPORATION
2000 EMPLOYEE STOCK OPTION PLAN
As adopted by the Board of Directors on February 1, 2000
ARTICLE I - PURPOSE
The purpose of the 2000 Employee Stock Option Plan (the "Plan") of Community Central Bank Corporation (the
"Company") is to enable key employees of the Company or any Subsidiary to participate in the Company's future
growth and profitability by offering them long-term performance-based incentive compensation. The Plan also
provides a means through which the Company and its Subsidiaries can attract and retain key employees.
ARTICLE II - DEFINITIONS
2.1 The following terms have the meaning described below when used in the Plan:
(a) "Board of Directors" shall mean the board of directors of the Company.
(b) "Code" shall mean the Internal Revenue Code of 1986, as amended, and as it may be further amended from
time to time.
(c) "Common Stock" shall mean the Common Stock of the Company.
(d) "Company" shall mean Community Central Bank Corporation.
(e) "Fair Market Value" on a particular date shall mean (i) if the Common Stock is quoted on the OTC Bulletin
Board (the "Bulletin Board"), the mean between the closing high bid and low asked quotations for such day (or,
in the event that the Common Stock was not quoted on such day, the most recent preceding business day on
which the Common Stock was quoted) of the Common Stock on the Bulletin Board, (ii) if the Common Stock is
quoted on The Nasdaq Stock Market ("Nasdaq"), the mean between the closing high bid and low asked
quotations for such day of the Common Stock on Nasdaq, or (iii) if neither clause (i) nor (ii) is applicable, a value
determined by any fair and reasonable means prescribed by the Board of Directors.
(f) "Incentive Stock Option" shall mean a stock option granted under Article VI that is intended to meet the
requirements of Section 422 of the Code.
(g) "Non-Qualified Stock Option" shall mean a stock option granted under Article VI that is not intended to be