PORTER BANCORP, INC. POLICY STATEMENT INCENTIVE COMPENSATION BONUS PLAN FOR SENIOR LEADERSHIP EFFECTIVE 2010

Exhibit 10.14

PORTER BANCORP, INC.

POLICY STATEMENT

INCENTIVE COMPENSATION BONUS PLAN

FOR SENIOR LEADERSHIP

EFFECTIVE 2010

OBJECTIVE

This Plan is designed to attract and retain excellent employees and to align the interests of our employees with the interests of our stockholders. The plan shall reward and promote performance based upon predetermined and defined measurable objectives. It further has been designed to reward above-average performance and to enhance risk-management procedures of the bank.

NOTE: The goal metrics are attached to document as Exhibit A. Peer metrics will be used for Banks identified in Exhibit B.

SENIOR LEADERSHIP TEAM AND DESIGNATED MANAGEMENT PERSONNEL (OTHER THAN MANAGED ASSET COMMITTEE MEMBERS)

The Senior Leadership Team and designated management personnel (as designated by the Board of Directors in the organizational Board meeting) can earn up to 30% of their salary based upon the bank’s performance. Each point scored translates to 1% of salary.

SENIOR LEADERSHIP TEAM AND DESIGNATED MANAGEMENT PERSONNEL/MANAGED ASSET COMMITTEE MEMBERS

The Senior Leadership Team and designated management personnel that are members of the Managed Asset Committee (as designated by the Board of Directors in the organizational Board meeting) can earn up to 20% of their salary based upon the bank’s performance and up to 20% of their salary based upon the bank’s satisfaction of asset quality objectives. Each point scored translates to 1% of salary.

SUPPLEMENTAL SENIOR LEADERSHIP TEAM BONUS - $5,000

The Senior Leadership Team will be eligible for an additional bonus of $5,000 if EPS increases 10% or more over the prior year.

CPP RESTRICTION ON BONUSES

Under the CPP compensation regulations, no payments or accruals of bonuses, retention awards or incentive compensation are permitted to be paid to the five most highly compensated employees of Porter Bancorp, during the period of time in which the U.S. Treasury holds an equity position in Porter Bancorp. The Company is permitted, however, to grant employees long-term restricted common stock in an amount that does not exceed  ¹/3 the employee’s total annual compensation. The determination of the five most highly paid employees is done on an annual basis. As a result of the restrictions on payments or accruals of bonuses, retention awards or incentive compensation to the five most highly compensated employees, effective for the year 2010, the Compensation Committee determined to grant the five most highly compensated employees additional shares of restricted stock if the pre-established performance measures described above are satisfied. The fair market value of the shares granted to each of these employees will be equal to the amount of the incentive cash bonus they would have received under the cash incentive bonus. The shares granted to these employees will be subject to the terms set forth in the Treasury regulations.

Exhibit A

Sr. Leadership Team and Designated Management Personnel

Sr. Leadership Team and Designated Management Personnel/Managed Asset Committee

Supplemental Senior Leadership Team Cash Bonus

Exhibit B

PBIB Comparable Peer Group