DEFERRED COMPENSATION PLAN
FOR SENIOR MANAGEMENT EMPLOYEES OF RED RIVER BANCSHARES, INC. AND SUBSIDIARIES
(Amended and Restated effective July 30, 2019)
WHEREAS, Red River Bancshares, Inc. previously adopted the Deferred Compensation Plan for Directors and Senior Management Employees of Red River Bancshares, Inc. and Subsidiaries (Amended and Restated effective January 1, 2007) (the Combined Plan); and
WHEREAS, in order to facilitate the termination of participation by non-employee directors in the Combined Plan, it is desirable to establish two separate deferred compensation plans, one for non-employee directors, and a second plan for senior management employees; and
WHEREAS, the plan for senior management employees is intended to continue with substantially the same terms and provisions as the Combined Plan, including the grandfathering of subaccounts established for contributions made on or before January 1, 2005, so that such subaccounts are not subject to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended (the Code);
NOW, THEREFORE, Red River Bancshares, Inc. hereby amends and restates the Combined Plan as the Senior Management Compensation Plan for Directors of Red River Bancshares, Inc. and Subsidiaries (Amended and Restated effective January 1, 2019).