<SEC-DOCUMENT>0000350852-19-000017.txt : 20190131
<SEC-HEADER>0000350852-19-000017.hdr.sgml : 20190131
<ACCEPTANCE-DATETIME>20190130180331
ACCESSION NUMBER:		0000350852-19-000017
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20190129
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20190131
DATE AS OF CHANGE:		20190130

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNITY TRUST BANCORP INC /KY/
		CENTRAL INDEX KEY:			0000350852
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				610979818
		STATE OF INCORPORATION:			KY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31220
		FILM NUMBER:		19553109

	BUSINESS ADDRESS:	
		STREET 1:		346 NORTH MAYO TRAIL
		STREET 2:		P.O. BOX 2947
		CITY:			PIKEVILLE
		STATE:			KY
		ZIP:			41502-2947
		BUSINESS PHONE:		(606)433-4643

	MAIL ADDRESS:	
		STREET 1:		346 NORTH MAYO TRAIL
		STREET 2:		P.O. BOX 2947
		CITY:			PIKEVILLE
		STATE:			KY
		ZIP:			41502-2947

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	COMMUNITY TRUST BANCORP INC/
		DATE OF NAME CHANGE:	19971124
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>ctb2019execcomp8k.htm
<DESCRIPTION>CTBI 2019 EXECUTIVE COMPENSATION AND INCENTIVE PLAN FORM 8-K
<TEXT>
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  <div style="text-align: center; line-height: 20.5pt; margin-bottom: 6pt; font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
  <div style="text-align: center; line-height: 15.95pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">WASHINGTON, DC 20549</font></div>
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  <div style="text-align: center; line-height: 20.5pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">FORM 8-K</font></div>
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  <div style="text-align: center; line-height: 15.95pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">CURRENT REPORT</font></div>
  <div style="text-align: center; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">PURSUANT TO SECTION 13 OR 15(d) OF THE<font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><br>
      </font>SECURITIES EXCHANGE ACT OF 1934</font></div>
  <div style="text-align: center; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Date of report (Date of earliest event reported): January 29, 2019</font></div>
  <div style="text-align: center; line-height: 20.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 18pt; font-weight: bold;">Community Trust Bancorp, Inc.</font></div>
  <div style="text-align: center; line-height: 9.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 8pt; font-weight: bold;">(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)</font></div>
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          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Kentucky<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-variant: small-caps;">(state or other jurisdiction of incorporation)</font></font></div>
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          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">001-31220<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-variant: small-caps;">(commission file number</font>)</font></div>
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          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">61-0979818<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>(<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-variant: small-caps;">irs employer identification no.)</font></font></div>
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          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">346 North Mayo Trail, Pikeville, Kentucky<font style="font-family: 'Times New Roman', serif; font-size:
                12pt;"><br>
              </font>(<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-variant: small-caps;">address of principal executive offices</font>)</font></div>
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          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">41501<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>(<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-variant: small-caps;">zip code</font>)</font></div>
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  <div style="text-align: center; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Registrant&#8217;s telephone number, including area code (606) 432-1414</font></div>
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  <div style="text-align: left; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
      obligation of the registrant under any of the following provisions:</font></div>
  <div style="text-align: left; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">&#9633;</font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">&#160; Written communication pursuant
      to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>
  <div style="text-align: left; line-height: 12.55pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">&#9633;</font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">&#160; Soliciting material pursuant to
      Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">&#9633;&#160; </font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
            240.14d-2(b))</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">&#9633;&#160; </font><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
            240.13e-4(c))</font></div>
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  <div style="line-height: 10.85pt; margin-bottom: 6pt;"><br style="line-height: 10.85pt;">
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  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Indicate by check mark whether the registrant is an emerging growth company as de&#64257;ned in Rule 405 of the Securities Act of 1933
      (&#167;230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (&#167;240.12b-2 of this chapter).</font></div>
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  <div style="text-align: right; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #231F20;">Emerging growth company</font><font style="display: inline-block; text-indent: 0px; font-size:
      1px; width: 216pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'MS Gothic', '&#226;&#8364;&#353;l&#226;&#8364;&#353;r &#198;&#8217;S&#198;&#8217;V&#198;&#8217;b&#198;&#8217;N', monospace; font-size: 11pt;">&#9744;</font></font></div>
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  <div style="text-align: justify; margin-left: 1.95pt; line-height: 12.55pt; margin-top: 2.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">If an emerging
        growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised &#64257;nancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #231F20;">&#160;</font><font style="font-family: 'MS Gothic', '&#226;&#8364;&#353;l&#226;&#8364;&#353;r &#198;&#8217;S&#198;&#8217;V&#198;&#8217;b&#198;&#8217;N', monospace; font-size: 11pt;">&#9744;</font></font></div>
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  <div style="text-align: left; line-height: 13.7pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ITEM 1.01 &#8211; ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT</font></div>
  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">On January 29, 2019, Community Trust Bancorp, Inc.&#8217;s Board of Directors approved the Employee Incentive
      Compensation Plan for the year ending December 31, 2019, which is included under Item 5.02 below, and incorporated herein by reference.</font></div>
  <div style="line-height: 13.7pt; margin-bottom: 6pt;"><br style="line-height: 13.7pt;">
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  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ITEM 5.02 &#8211; DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT
      OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS</font></div>
  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">On January 29, 2019, Community Trust Bancorp, Inc.&#8217;s (&#8220;CTBI&#8221;) Board of Directors approved the following
      actions, which were approved by the Compensation Committee and recommended to the Board of Directors:</font></div>
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            <div style="text-align: left; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Base
                  Salary Increases.</font>&#160; New annual base salaries were approved for the following named executive officers:&#160; Jean R. Hale (Chairman, President and Chief Executive Officer) - $650,000; Kevin J. Stumbo (Executive Vice President, Chief
                Financial Officer, and Treasurer) - $295,000; Mark A. Gooch (Executive Vice President and Secretary) - $460,000; Larry W. Jones (Executive Vice President) - $290,000; and James B. Draughn (Executive Vice President) - $290,000.</font></div>
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          <td style="width: 18pt; vertical-align: top; align: right;">
            <div style="text-align: left; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Cash
                  Incentive Compensation Awards for the Year(s) Ended December 31, 2018.</font> CTBI&#8217;s named executive officers were participants in CTBI&#8217;s Senior Management Incentive Compensation Plan for the year ended December 31, 2018 (&#8220;2018 Plan&#8221;).&#160;
                The Committee previously established the performance measures under the 2018 Plan and the required level of performance was achieved by CTBI under the Plan.&#160; Accordingly, the named executive officers were entitled to the following cash
                incentive awards (paid in January 2019).</font></div>
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      <tr>
        <td style="width: 71.83%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 28.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">2018 Cash Incentive Awarded Under the Senior Management Incentive Compensation Plan ($)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Jean R. Hale &#8211; Chairman, President and Chief Executive Officer</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">312,500</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Kevin J. Stumbo &#8211; Executive Vice President, Chief Financial Officer, and Treasurer</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">84,000</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Mark A. Gooch &#8211; Executive Vice President and Secretary</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">178,000</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Larry W. Jones &#8211; Executive Vice President</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">84,000</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">James B. Draughn &#8211; Executive Vice President</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">83,250</font></div>
        </td>
      </tr>

  </table>
  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"> <br>
    </font></div>
  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">CTBI&#8217;s named executive officers were also participants in CTBI&#8217;s 2015 Executive Committee Long-Term
      Incentive Compensation Plan (&#8220;2016 Plan&#8221;) for the three year period ending December 31, 2018.&#160; The Committee previously established the performance measures under the 2016 Plan and the required level of performance was achieved by CTBI under the
      Plan.&#160; Accordingly, the named executive officers were entitled to the following cash incentive awards (paid in January 2019).</font></div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;" id="z11ed6c41bb7348f49b25ac954a601b7e">

      <tr>
        <td style="width: 71.83%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 28.17%; vertical-align: bottom; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">2018 Cash Incentive Awarded Under the Long-Term Incentive Compensation Plan ($)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Jean R. Hale &#8211; Chairman, President and Chief Executive Officer</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">172,500</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Kevin J. Stumbo &#8211; Executive Vice President, Chief Financial Officer, and Treasurer</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">36,750</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Mark A. Gooch &#8211; Executive Vice President and Secretary</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">93,150</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Larry W. Jones &#8211; Executive Vice President</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">39,000</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.83%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">James B. Draughn &#8211; Executive Vice President</font></div>
        </td>
        <td style="width: 28.17%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">37,800</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 13.7pt; margin-bottom: 12pt;"><br style="line-height: 13.7pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="z078233a3683f48ee938d28cf22182400" class="DSPFListTable">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">
            <div style="text-align: left; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Grants
                  of Restricted Stock.</font> Restricted stock was also granted to the named executive officers (as shown in the chart below) as a result of achieving the minimum level of performance under the 2018 Senior Management Incentive Compensation
                Plan.&#160; The restricted stock was granted pursuant to the terms of CTBI&#8217;s 2015 Stock Ownership Incentive Plan.&#160; The restrictions on the restricted stock will lapse ratably over four years.&#160; However, in the event of certain participant
                employee termination events occurring within 24 months of a change in control of CTBI or the death of the participant, the restrictions will lapse, and in the event of the participant&#8217;s disability, the restrictions will lapse on a pro rata
                basis.&#160; The Committee will have discretion to review and revise restrictions applicable to a participant&#8217;s restricted stock in the event of the participant&#8217;s retirement.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;" id="z74b578198b74414db9ff3bec5ff7b3ab">

      <tr>
        <td style="width: 71.9%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 28.1%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Restricted Stock Granted (Shares)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.9%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Jean R. Hale &#8211; Chairman, President and Chief Executive Officer</font></div>
        </td>
        <td style="width: 28.1%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">3,040</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.9%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Kevin J. Stumbo &#8211; Executive Vice President, Chief Financial Officer, and Treasurer</font></div>
        </td>
        <td style="width: 28.1%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1,021</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.9%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Mark A. Gooch &#8211; Executive Vice President and Secretary</font></div>
        </td>
        <td style="width: 28.1%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1,895</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.9%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Larry W. Jones &#8211; Executive Vice President</font></div>
        </td>
        <td style="width: 28.1%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1,021</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 71.9%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">James B. Draughn &#8211; Executive Vice President</font></div>
        </td>
        <td style="width: 28.1%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1,012</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="z2c4df645282546fbb1185ef7fe58a62c" class="DSPFListTable">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">
            <div style="text-align: left; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Plans
                  for Annual Incentive Compensation Awards for the Year Ending December 31, 2019.</font>&#160; The Committee approved the Senior Management Incentive Compensation Plan for the year ending December 31, 2019 which is included herein as Exhibit
                10.7 to this Current Report on Form 8-K. The participation groups under the Plan are: (i) Group I, consisting of the Community Trust Bancorp, Inc. Chief Executive Officer (&#8220;CTBI CEO&#8221;), Community Trust Bank, Inc. Chief Executive Officer
                (&#8220;CTB CEO&#8221;), and other members of the Executive Committee (&#8220;Other Executive Officers&#8221;); (ii) Group II, consisting of CTB officers responsible for the various consolidated functions as selected by the CTB CEO, the Presidents of each market,
                and the Community Trust and Investment Company (CTIC) officers responsible for various departments as selected by the CTIC CEO; and (iii) Group III, consisting of Senior Vice Presidents of consolidated functions selected for participation
                by the Compensation Committee.&#160; Individuals below the Senior Vice President level may be selected by the Compensation Committee for special option awards for extraordinary performance.&#160; This Plan may be amended, modified, or terminated by
                the Board of Directors at any time at its sole discretion, except that after the 90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of the year the performance standards may not be changed in a manner that would increase the amount of incentive compensation payable for
                such year.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="zcb2aa81959a1457f92dfa2f76a1f18f0" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Courier New', monospace; font-size: 12pt;">o</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Participants will be eligible for a cash award determined by earnings per share (EPS) growth and
                earnings as a percentage of average assets (ROAA).&#160; The minimum and maximum awards as a percentage of salary for each group will be: (i) Group I &#8211; CTBI CEO minimum award of 25% of salary and maximum award of 100% of salary; (ii) Group I &#8211;&#160;
                CTB CEO minimum award of 20% of salary and maximum award of 80% of salary; (iii) Group I &#8211; Other Executive Officers minimum award of 15% of salary and maximum award of 60% of salary; (iv) Group II&#160; &#8211; minimum award of 3.5% of salary and
                maximum award of 8.75% of salary; and (v) Group III &#8211; minimum award of 2.75% of salary and maximum award of 6.71% of salary.&#160; In the event that the ROAA or EPS are not attained but the target net income is attained, the amount of the award
                under the Plan shall be paid at the base level of target performance payment.&#160; There shall be a minimum acceptable performance beneath which no incentive awards are paid and a maximum above which there is no additional award paid to avoid
                excessive payout in the event of windfall profits.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="zfa4d6930e2de4cdb89a8d0b42adb020d" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Courier New', monospace; font-size: 12pt;">o</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Participants will be eligible to receive stock options (pursuant to CTBI&#8217;s 2015 Stock Ownership
                Incentive Plan) with a face value equal to certain percentages of salary or restricted stock (or a combination of options and restricted stock) of an amount recommended by the Compensation Committee and approved by the Board of Directors of
                CTBI subject to any limitations of the 2015 Stock Ownership Incentive Plan.&#160; The minimum and maximum stock option awards as a percentage of salary for each group will be: (i) Group I &#8211; CTBI CEO minimum award of 10% of salary and maximum
                award of 23% of salary; (ii) Group I &#8211; CTB CEO minimum award of 8.757% of salary and maximum award of 20.125% of salary; (iii) Group I &#8211; Other Executive Officers minimum award of 7.5% of salary and maximum award of 17.25% of salary; (iv)
                Group II &#8211; minimum award of 5% of salary and maximum award of 11.5% of salary; and (v) Group III &#8211; minimum award of 2.25% of salary and maximum award of 5% of salary.&#160; In the event that the ROAA or EPS are not attained but the target net
                income is attained, the amount of stock options and/or restricted stock awarded under the Plan shall be granted at the base level of target performance.&#160; There shall be a minimum acceptable performance beneath which awards will not be
                granted and a maximum above which there is no additional award in the event of windfall profits.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: justify; margin-left: 18pt; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Committee also approved the Employee Incentive Compensation Plan for the year ending
      December 31, 2019 which is included herein as Exhibit 10.9 to this Current Report on Form 8-K.&#160; Full-time employees who do not participate in another incentive plan are eligible to participate in this Plan.&#160; This Plan may be amended, modified, or
      terminated by the Board of Directors at any time at its sole discretion, except that after the 90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of the year the target award and the performance standards may not be changed in a manner that would increase the amount of incentive
      compensation payable over the amount which would have been payable under the performance standards previously established.</font></div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="z0b19acc06f2042b382b7d08fa670de0d" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Courier New', monospace; font-size: 12pt;">o</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Participants will be eligible for a cash award determined by earnings per share growth and
                earnings as a percentage of average assets (ROAA).&#160; The minimum and maximum awards as a percentage of salary for each participant will be: minimum award &#8211; 2% of salary and maximum award &#8211; 4.5% of salary.&#160; In the event that the ROAA or EPS
                are not attained but the target net income is attained, the amount of the award under the Plan shall be paid at the base level of target performance payment.&#160; There shall be a minimum acceptable performance beneath which no incentive awards
                are paid and a maximum above which there is no additional award paid to avoid excessive payout in the event of windfall profits.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="z8c8c4f3cce0b41fe8324b34127029885" class="DSPFListTable">

        <tr>
          <td style="width: 18pt; vertical-align: top; align: right;">
            <div style="text-align: left; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Plan for
                  Long-Term Incentive Compensation for Executive Committee.&#160; </font>The Committee approved the 2019 Executive Committee Long-Term Incentive Compensation Plan which is included herein as Exhibit 10.19 to this Current Report on Form 8-K.&#160;
                This Plan may be amended, modified, or terminated by the Board of Directors at any time at its sole discretion, except that after the 90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of the year, the performance goals set forth within may not be amended in a manner
                which would increase the amount of compensation payable pursuant to performance units over the amount which would have been payable under the performance goals previously established for such year.&#160; Participants in this Plan will be the
                members of the Executive Committee of CTBI.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="z26ef49c48f9245a5895bfc5db3f90313" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Courier New', monospace; font-size: 12pt;">o</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The target award fund shall be generated by 40% of the salary of the CTBI CEO, 30% of the CTB CEO,
                and 20% of the salary of other members of the Executive Committee.&#160; The target award may be changed by the Compensation Committee of the Board of Directors at any time during the Performance Period at their discretion provided, however,
                that the target award as a percentage of salary may not be increased after the 90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of the 2019 calendar year.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-bottom: 12pt; width: 100%;" id="za41f4c93f003466da06ec1e84c082b93" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Courier New', monospace; font-size: 12pt;">o</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The actual amount of payments under the performance units shall be calculated according to a
                schedule comparing cumulative net income (over a three-year performance period) to the performance goals described within the Plan and payments will be made in the form of cash or shares.&#160; The minimum and maximum awards as a percentage of
                salary will be 10.0% and 60.0% for the CTBI CEO, 7.50% and 45.0% for the CTB CEO, and 5.00% and 30.0% for all other members of the Executive Committee, respectively.&#160; No amounts may be paid under the performance units unless CTBI attains a
                minimum acceptable performance, and no additional amounts may be paid above the maximum performance level.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt; margin-bottom: 12pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ITEM 9.01 &#8211; FINANCIAL STATEMENTS AND EXHIBITS&#160;</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(d) Exhibits</font></div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</font></div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;" id="z379bb663f19142509a1629e65d2ecb86">

      <tr>
        <td style="width: 16.35%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Exhibit No.</font></font></div>
        </td>
        <td style="width: 83.65%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Description</font></font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">&#160;</td>
        <td style="width: 83.65%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.7</font></div>
        </td>
        <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Senior Management Incentive Compensation Plan (for the year ending December 31, 2019)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">&#160;</td>
        <td style="width: 83.65%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.9</font></div>
        </td>
        <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Employee Incentive Compensation Plan (for the year ending December 31, 2019)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">&#160;</td>
        <td style="width: 83.65%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.19</font></div>
        </td>
        <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Community Trust Bancorp, Inc. 2019 Executive Committee Long-Term Incentive Compensation Plan</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; margin-bottom: 6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EXHIBIT INDEX</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;" id="z5ede7a1e39a04194912bed05f70df387">

      <tr>
        <td style="width: 16.35%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Exhibit No.</font></font></div>
        </td>
        <td style="width: 83.65%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Description</font></font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">&#160;</td>
        <td style="width: 83.65%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.7</font></div>
        </td>
        <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Senior Management Incentive Compensation Plan (for the year ending December 31, 2019)</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">&#160;</td>
        <td style="width: 83.65%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 16.35%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.9</font></div>
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          <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Community Trust Bancorp, Inc. 2019 Executive Committee Long-Term Incentive Compensation Plan</font></div>
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  <div style="text-align: justify; line-height: 13.7pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this
      report to be signed on its behalf by the undersigned hereunto duly authorized.</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">By:</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Date:</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">January 30, 2019</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">/s/ Jean R. Hale</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Jean R. Hale</font></div>
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          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Chairman, President and Chief Executive Officer</font></div>
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<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>3
<FILENAME>ctb2019execcomp8kex10-7.htm
<DESCRIPTION>CTBI 2019 EXECUTIVE COMPENSATION AND INCENTIVE PLAN FORM 8-K EXHIBIT 10.7 SR. INCENTIVE PLAN
<TEXT>
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  <div style="text-align: left; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">Exhibit 10.7</div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</font></div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">SENIOR MANAGEMENT INCENTIVE</font></div>
  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMPENSATION PLAN</font></div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EFFECTIVE JANUARY 1, 2019</font></div>
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          COMPENSATION PLAN</u></font></font></div>
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          OF CONTENTS</u></font></font></div>
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    <div style="text-align: left; text-indent: 16.05pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE</font></div>
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  <font style="font-family: 'Times New Roman', serif; font-size: 12pt;">I. Objectives</font>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">II. Definitions</font></div>
        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">III. </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Administration of the Plan</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">IV. </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Participant Eligibility</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">V. </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Payment to Participants</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">VI. </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Determination of Annual Award Fund</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">VII. </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Calculation of Award</font></div>
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  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Table I - 2019 Annual Cash Incentive Compensation</font></div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Award - Group I</font></div>
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  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Table II - 2019 Annual Cash Incentive Compensation</font></div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Award - Group II</font></div>
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  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Table III - 2019Annual Cash Incentive Compensation</font></div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Award - Group III</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
      </font></font><br style="line-height: 13.7pt;">
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  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Table IV - 2019 Senior Management Incentive</font></div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Compensation Plan - Stock Option Awards</font></div>
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        <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">VIII. </font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Miscellaneous Provisions</font></div>
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        Participation</font></font></div>
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  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Attachment B -
        Designation of Beneficiary</font></font></div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE I</font></div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>OBJECTIVES</u></font></font></div>
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  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 1.01</u></font></font></div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">This plan is designed to reward senior management for meeting or exceeding industry standards for profitability and adopted to
      achieve the following objectives:</font></div>
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            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Increase the profitability and growth of Community Trust Bancorp, Inc. in a manner which is consistent with other goals of the Company, its stockholders and its
                  employees,</font></div>
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            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Provide executive compensation which is competitive with other financial institutions,</font></div>
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            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Attract and retain personnel of outstanding ability and encourage excellence in the performance of individual responsibilities,</font></div>
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            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Motivate and reward those members of management who contribute to the success of the Company,</font></div>
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            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Distinguish among the performance contributions of some individuals by providing financial recognition for individual performance, as well as group performance, and</font></div>
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            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(f)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Allow the flexibility which permits revision and strengthening from time to time to reflect changing organizational goals and objectives.</font></div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE II</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>DEFINITIONS</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 2.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">As used herein, the following words and phrases shall have the meanings below unless the context clearly indicates otherwise:</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z645c0188ecf94125b719149af6f074e0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Annual Incentive Plan</font>&#8221; or &#8220;<font style="font-family: 'Times New
                    Roman', serif; font-size: 12pt; font-style: italic;">Annual Plan</font>&#8221; shall mean the Senior Management Incentive Compensation Plan set forth in this document and all amendments thereto.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zf1d6074e87fd43869b4aaafbf7f60514" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Award Period</font>&#8221; means one Fiscal Year.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z132d1fce68434927a7a2225d6bce2d88" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Board</font>&#8221; means the Board of Directors of Community Trust Bancorp, Inc.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z25fdff9c2ab84bdea055832d639de035" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Company</font>&#8221; means Community Trust Bancorp, Inc., and its subsidiaries.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze66b479cffbc445aa9abd3d7ce947b69" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Compensation Committee</font>&#8221; means the Compensation Committee of the
                  Board.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb15edc9640484481adbf5e16284ff171" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(f)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Disability</font>&#8221; means the total and permanent disability of a participant
                  as defined by any Long-Term Disability Plans in effect for the Company and as thereafter may be amended.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z6c633fcad11e45a7bdfcf657b20db8c6" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(g)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Effective Date</font>&#8221; means the date upon which the Plan shall become
                  effective.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zfad4b43d2a374c2fbd5236da80026cfa" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(h)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Fiscal Year</font>&#8221; means the accounting period adopted by the Company for
                  federal income tax purposes.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zbe06fb7874044e5fada13a7af780ce96" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Participan</font>t&#8221; means a person designated by the Company to participate
                  in the Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z542475d331b94bf6bdd8ee3e9310481b" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(j)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Plan</font>&#8221; shall mean the Company&#8217;s Senior Management Incentive
                  Compensation Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zf12f362500b942c09d5b551814a70439" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(k)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Salary</font>&#8221; or &#8220;<font style="font-family: 'Times New Roman', serif;
                    font-size: 12pt; font-style: italic;">Salaries</font>&#8221; shall mean the base salary in effect for each participant as of the last pay period in December of the Award Period.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z369d268c283246f4986c92e7d0308419" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 63pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(l)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Stock Option</font>&#8221; shall
                mean stock options granted under the Community Trust Bancorp, Inc. 2015 Stock Ownership Incentive Plan as hereinafter may be amended including substitutions or replacements of the Plan.&#160; Such options shall be Incentive Stock Options to the
                extent possible under tax laws in effect at the time the option is awarded.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z3eca9a9cccd243e08a217f34d863534f" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 63pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(m)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Restricted Stock</font>&#8221;
                shall mean restricted stock granted under the Community Trust Bancorp, Inc. 2015 Stock Ownership Incentive Plan as hereinafter may be amended including substitutions or replacements of the Plan.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE III</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>ADMINISTRATION OF THE PLAN</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; text-indent: -72pt; margin-left: 72pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall administer the Plan and employ such other agents as may reasonably be required to administer the
      Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; text-indent: -72pt; margin-left: 72pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall adopt such rules and regulations of general application as are beneficial for the administration
      of the Plan and shall make all discretionary decisions involving a participant of the Plan. Said committee shall also have the right to interpret the Plan, to determine the Effective Date, and to approve all employees who are to participate in the
      Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">A majority of the Compensation Committee shall constitute a quorum.&#160; The acts of a majority of the members present at any meeting
      at which there is a quorum shall be valid acts.&#160; Acts reduced to and approved in writing by a majority of said committee shall also be valid acts.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">All incentive compensation payable under the Plan shall be paid from the general assets of the Company.&#160; To the extent that any
      person acquires a right to receive payments under the Plan, such right shall be no greater than the right of any unsecured creditor of the Company.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.05</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee may authorize the Chairman, President and CEO of the Company to send a written notice of such Plan to
      each selected Participant.&#160; No person shall have the right to be included in the Plan until receiving said notice <font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>in the form of Attachment "A" hereto</u></font>.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.06</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">All costs and expenses involved in the administration of this Plan shall be paid by the Company.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.07</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Any determination or action of the Compensation Committee or the Board shall be final, conclusive and binding on all participants
      and their beneficiaries, heirs, personal representatives, executors and administrators.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.08</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Board of Directors, in its sole discretion, may amend, modify or terminate the Plan at any time.&#160; The Compensation Committee
      shall also annually review the pre-determined performance standards and may amend such schedules in its sole discretion. Notwithstanding the foregoing, after the 90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of the year, the performance standards may not be amended in a
      manner which would increase the amount of incentive compensation payable over the amount which would have been payable under the performance standards previously established for such year.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE IV</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PARTICIPANT ELIGIBILITY</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The following groups shall participate in the Plan:</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zb4d61e62ed36405daf074d77c51accee" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Group I shall consist of CEOs of Community Trust Bancorp, Inc. (CTBI) and Community Trust Bank, Inc. (CTB) plus all other Executive Committee positions of the
                  Corporation.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 12.55pt;">
    <div>
      <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z0ff8923ac0714dc9a3e1c9311f43e848" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

          <tr>
            <td style="width: 36pt;"><br>
            </td>
            <td style="width: 27pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">(b)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Group II shall consist of the (1) CTB officers responsible for the various consolidated functions as selected by the CTB CEO; (2) the Presidents of each market; and
                  (3) the Community Trust and Investment Company (CTIC) officers responsible for various departments as selected by the CTIC CEO.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zddf2bd4497374634a7efe156b5f46b11" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 63pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">(c)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Group III shall consist of Senior Vice Presidents of consolidated functions who are selected for participation by the
                Compensation Committee.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z262afb312dc242348c9c49e90105c83f" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 63pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">(d)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12.55pt;"><font style="font-family: 'Times New Roman', serif; font-size: 11pt;">Individuals below senior vice president level may be recommended and approved by the Compensation Committee for
                special awards of options for extraordinary performance.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 9.1pt;"><br style="line-height: 9.1pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Voluntary or involuntary termination of full-time employment of a Participant prior to the payment of incentive awards for an Award
      Period will result in such Participant forfeiting any incentive compensation for the Award Period (except as provided in Section 4.03 herein).</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">If a Participant dies, retires, becomes disabled, or is granted a leave of absence during an Award Period, the Compensation
      Committee may, at its discretion or under such rules as it may have prescribed, award partial incentive compensation based on the level of achievement in relation to goals established for the Award Period.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Directors who are also employees of the Company shall be eligible to participate in the Plan.&#160; However, a director who is
      compensated on the basis of a fee or retainer, as distinguished from a salary, shall not be eligible.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.05</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">New employees of the Company and persons promoted during the Award Period who were not eligible to participate in the Plan at the
      beginning of the Award Period, but have become a member of Group I, II, or III shall participate in the Plan so long as such eligibility came into existence no later than six (6) months after the beginning of said Award Period.&#160; If a person becomes
      eligible at a date later than six (6) months into an Award Period, such person shall not be a Participant under this Plan until the first day of the next Award Period.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE V</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PAYMENT TO PARTICIPANTS</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Incentive compensation to be awarded under the Plan shall be paid to Participants within thirty days after the close of the Award
      Period.&#160; Awards are not earned until paid to Participants. Except if an incentive is earned it will be payable to employees who retired effective the end of the award period.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">A Participant may elect to defer payment of all or part of his or her incentive compensation so long as the Participant requests
      such deferred payment under the terms of the Company&#8217;s Voluntary Deferred Compensation Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VI</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>DETERMINATION OF ANNUAL AWARD</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The actual amount of the Senior Management Incentive Compensation Plan award shall be calculated according to a schedule comparing
      earnings per share (EPS) and return on average assets (ROAA) for the Award Period to a pre-determined performance standard.&#160; When performance meets the established performance standards, the award fund will be adjusted according to the performance
      table.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">In the event that the ROAA or EPS targeted performance is not attained but the target net income is attained, the amount of the
      award under the Senior Management Incentive Plan shall be paid at the base level of target performance payment.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">There shall be a minimum acceptable performance beneath which no incentive awards are paid and a maximum above which there is no
      additional award paid to avoid excessive payout in the event of windfall profits<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">.&#160; Said minimum and maximum shall be reviewed annually and amended when necessary
        at any time in the sole discretion of the Compensation Committee; provided, however, that the minimum may not be reduced and the maximum may not be increased after the 90</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">th</font></sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> day of the year.</font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">A Participant who is rated a "4" or "5" on the most recent Performance Appraisal and Development Plan shall not be eligible to
      receive an award under the Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VII</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>CALCULATION OF AWARD</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Corporation&#8217;s Group I will earn an award determined by EPS and ROAA as shown below:</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE I</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>2019 ANNUAL CASH INCENTIVE COMPENSATION
          AWARD</u></font></font></div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>INITIAL CALCULATION</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Group I - Executive Committee of Community Trust Bancorp, Inc.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z2873140a534b4f9fa181dd616f2bd41b" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;">

      <tr>
        <td colspan="2" style="width: 21.88%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Target</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Target Award</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Salary</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Salary</font></div>
        </td>
        <td style="width: 18.75%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Salary</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 21.88%; vertical-align: top; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ROAA</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top; background-color: #E6E6E6; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 19.79%; vertical-align: top; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CTBI CEO</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CTB CEO</font></div>
        </td>
        <td style="width: 18.75%; vertical-align: top; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Group I</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">&#160;</td>
        <td style="width: 13.54%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.38%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">50%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">25%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">20%</font></div>
        </td>
        <td style="width: 18.75%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">15%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Base</font></div>
        </td>
        <td style="width: 13.54%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.45%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">100%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">50%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">40%</font></div>
        </td>
        <td style="width: 18.75%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">30%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">&#160;</td>
        <td style="width: 13.54%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.48%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">150%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">75%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">60%</font></div>
        </td>
        <td style="width: 18.75%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">45%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">&#160;</td>
        <td style="width: 13.54%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.51%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">200%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">100%</font></div>
        </td>
        <td style="width: 19.79%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">80%</font></div>
        </td>
        <td style="width: 18.75%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">60%</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="ze8967fc44dbe42cfaa74ff060c54debe" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, the targeted (base) ROAA is established as follows: ROAA of 1.45% and EPS of $3.49 per the Company&#8217;s budget.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zc60a8de664ef459abcf65712a40b5e8c" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, net income target is $61,984,000.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z74c4eeb9e4e44a7eb8698997881c35b7" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Corporation&#8217;s (Group II) will earn an award determined by EPS growth and ROAA as shown below:</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE II</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>2019ANNUAL CASH INCENTIVE COMPENSATION
          AWARD</u></font></font></div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>INITIAL CALCULATION</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Group II &#8211; Consolidated Division Officers of CTBI and Market Presidents</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="zf3d54644bfe94d9eba281388c4d19863" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;">

      <tr>
        <td colspan="2" style="width: 30.26%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Target</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of</font></div>
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Target Award</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Salary</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 30.26%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ROAA</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 34.21%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Group II</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
        <td style="width: 18.42%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.38%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">50%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">3.50%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Base</font></div>
        </td>
        <td style="width: 18.42%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.45%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">100%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">7.00%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top;">&#160;</td>
        <td style="width: 18.42%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.48%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">112%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">7.84%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top;">&#160;</td>
        <td style="width: 18.42%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.51%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">125%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">8.75%</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="zed11ffeac9c0460dba792bc0fe05c896" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, the targeted (base) ROAA is established as follows: ROAA of 1.45% and EPS of $3.49 per the Company&#8217;s budget.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z92c461bdc2d540f5b85c9a615bdcedda" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, net income target is $61,984,000.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z4f0f5d1ebd3a4176860ba69f603dcc91" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt; font-weight: bold;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Senior Vice Presidents of consolidated functions designated by the Compensation Committee will earn an award determined by EPS
      growth and ROAA as shown below:</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE III</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>2019 ANNUAL CASH INCENTIVE COMPENSATION
          AWARD</u></font></font></div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>INITIAL CALCULATION</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Group III - Senior Vice Presidents of Consolidated Functions</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="zd16d7fa4c7ac47fba95f1a0cad91a287" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;">

      <tr>
        <td colspan="2" style="width: 30.26%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Target</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of</font></div>
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Target Award</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Salary</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 30.26%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ROAA</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 34.21%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Group III</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
        <td style="width: 18.42%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.38%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;50%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">2.75%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Base</font></div>
        </td>
        <td style="width: 18.42%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.45%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: middle;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">100%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: middle;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">5.50%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
            </font></div>
        </td>
        <td style="width: 18.42%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.48%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: middle;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">106%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: middle;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">5.83%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.84%; vertical-align: top;">&#160;</td>
        <td style="width: 18.42%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.51%</font></div>
        </td>
        <td style="width: 35.53%; vertical-align: middle;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">122%</font></div>
        </td>
        <td style="width: 34.21%; vertical-align: middle;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">6.71%</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z014091ac9ff74246bdbaafc5f369da3a" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, the targeted (base) ROAA is established as follows: ROAA of 1.45% and EPS of $3.49 per the Company&#8217;s budget.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z12cd6a89aaa34b88bcc57357ad52c828" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, net income target is $61,984,000.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z2300a9e460e9452b999400a5f65dc66f" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Participants in Groups I, II, and III shall be eligible to receive Stock Option awards on the same day that cash awards are paid
      under the terms of this Plan.&#160; Such Stock Options shall have a face value equal to the percentage of salary shown on Table IV below, adjusted in the same manner and in the same proportion as cash awards are adjusted under the terms of Sections 7.01,
      7.02, and 7.03, and rounded down as necessary to grant for whole shares. The Committee at its sole discretion may choose to issue Restricted Stock or a combination of Options and Restricted Stock of an amount recommended by the Compensation Committee
      and approved by the Board of Directors of Community Trust Bancorp, Inc. subject to any limitations of the 2015 Stock Ownership Incentive Plan.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE IV</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>2019 SENIOR MANAGEMENT INCENTIVE
          COMPENSATION PLAN</u></font></font></div>
  <div style="text-align: center; text-indent: 108pt; margin-right: 135pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>STOCK



          OPTION AWARDS</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z0ee7d94729994a5d80799fdf3c21a7ad" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;">

      <tr>
        <td colspan="2" style="width: 20.83%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Target</font></div>
        </td>
        <td colspan="5" style="width: 79.17%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Stock Option Award as a % of Salary</font></div>
        </td>
      </tr>
      <tr>
        <td colspan="2" style="width: 20.83%; vertical-align: top; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ROAA</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: bottom; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CTBI CEO</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: bottom; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CTB CEO</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: bottom; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Group I</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: bottom; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Group II</font></div>
        </td>
        <td style="width: 14.58%; vertical-align: bottom; background-color: #E6E6E6; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Group III</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">&#160;</td>
        <td style="width: 12.5%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.38%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.00%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;8.757%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;7.50%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;5.00%</font></div>
        </td>
        <td style="width: 14.58%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">2.25%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Base</font></div>
        </td>
        <td style="width: 12.5%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.45%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">20.00%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">17.515%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">15.00%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.00%</font></div>
        </td>
        <td style="width: 14.58%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">4.50%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">&#160;</td>
        <td style="width: 12.5%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.48%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">21.00%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">18.375%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">15.75%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">10.50%</font></div>
        </td>
        <td style="width: 14.58%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">4.75%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 8.33%; vertical-align: top;">&#160;</td>
        <td style="width: 12.5%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.51%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">23.00%</font></div>
        </td>
        <td style="width: 16.67%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">20.125%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">17.25%</font></div>
        </td>
        <td style="width: 15.63%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">11.50%</font></div>
        </td>
        <td style="width: 14.58%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">5.00%</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z989f9d62344f476391afb4e22cc206ff" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, the targeted (base) ROAA is established as follows: ROAA of 1.45% and EPS of $3.49&#160; per the Company&#8217;s budget.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z3a38b29d9e3344458b6bdb3e6fab6faa" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, net income target is $61,984,000.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" class="DSPFListTable" id="z874465dce3d046ceb848ff4389b0c349" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt; font-weight: bold;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VIII</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>MISCELLANEOUS PROVISIONS</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee may elect to remove unusual, extraordinary or non-recurring items from the calculation of the earnings
      per share.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Company shall not merge into or consolidate with another entity or sell all or substantially all of its assets to another
      entity unless such other entity shall become obligated to perform the terms and conditions hereof relating to any awards already earned but not yet paid to the participant on his/her behalf.</font></div>
  <div style="line-height: 13.7pt;"><br>
  </div>
  <div style="line-height: 13.7pt;"><br>
  </div>
  <div style="line-height: 13.7pt;"><br>
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
    <div id="DSPFPageFooter">
      <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"></font></div>
      <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
      </div>
    </div>
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    <div id="DSPFPageHeader">
      <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
      </div>
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  </div>
  <div style="text-align: right; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: right; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ATTACHMENT A</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: center; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>NOTICE OF PARTICIPATION</u></font></font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 144pt; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">is eligible for participation in the 2019 Plan Year for Community Trust Bancorp, Inc. Senior Management
      Incentive Compensation Plan, such participant being subject to all of the terms and conditions of said Plan.</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 168pt; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Compensation Committee of the Board of Directors</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 168pt; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">BY: ___________________________________</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 168pt; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Dated: ____________________</font></div>
  <div style="line-height: 20.5pt;"><br style="line-height: 20.5pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
    <div id="DSPFPageFooter">
      <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"></font></div>
      <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
      </div>
    </div>
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    <div id="DSPFPageHeader">
      <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
      </div>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: right; line-height: 20.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ATTACHMENT B</font></div>
  <div style="line-height: 20.5pt;"><br style="line-height: 20.5pt;">
  </div>
  <div style="text-align: center; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>DESIGNATION OF BENEFICIARY</u></font></font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 20.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">I,</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 144pt;">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">, a participant in the Community Trust Bancorp, Inc. Senior Management Incentive Compensation Plan, name the following as my primary beneficiary under said Plan in the event of my death
      prior to receiving an award payable to me under said Plan.</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px;
      font-size: 1px; width: 72pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 171pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 70.15pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px;
      width: 225.25pt;">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Relationship</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 423pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 188.7pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Address</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 20.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">If the primary beneficiary predeceases me, I designate the following persons as a contingent beneficiary, in the order shown, to
      receive an award payable to me under the Plan:</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px;
      font-size: 1px; width: 72pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 171pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 70.15pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px;
      width: 225.25pt;">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Relationship</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 423pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 188.7pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Address</font></div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px;
      font-size: 1px; width: 72pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 171pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 70.15pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px;
      width: 225.25pt;">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Relationship</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 423pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 188.7pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Address</font></div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px;
      font-size: 1px; width: 72pt;">&#160;</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 171pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 70.15pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px;
      width: 225.25pt;">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Relationship</font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 423pt;">&#160;</font><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; text-indent: 188.7pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Address</font></div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 20.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">This supersedes any previous beneficiary designation made by me with respect to this Plan.&#160; However, any compensation covered by
      the Community Trust Bancorp, Inc. Voluntary Deferred Compensation Plan shall be governed by the Beneficiary Designation applicable to that Plan.</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
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<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>4
<FILENAME>ctb2019execcomp8kex10-9.htm
<DESCRIPTION>CTBI 2019 EXECUTIVE COMPENSATION AND INCENTIVE PLAN FORM 8-K EXHIBIT 10.9 EMPLOYEE INCENTIVE PLAN
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  <div style="text-align: left; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">Exhibit 10.9</div>
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  <div style="text-align: center; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</font></div>
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  <div style="text-align: center; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">EMPLOYEE INCENTIVE COMPENSATION PLAN</font></div>
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  <div style="text-align: center; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">EFFECTIVE JANUARY 1, 2019</font></div>
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  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>INCENTIVE COMPENSATION PLAN</u></font></font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;I</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">OBJECTIVES</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160;II</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">DEFINITIONS</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;III</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">ADMINISTRATION OF THE PLAN</font></div>
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          <div style="text-align: justify; text-indent: -60pt; margin-left: 60pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">PARTICIPANT ELIGIBILITY</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">PAYMENT TO PARTICIPANTS</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;VI</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">DETERMINATION OF ANNUAL AWARD FUND</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;VII</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">CALCULATION OF AWARD</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Table I &#8211; 2019 Incentive Compensation Award</font></div>
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          <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">MISCELLANEOUS PROVISIONS</font></div>
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  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE I</font></div>
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  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>OBJECTIVES</u></font></font></div>
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  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">This plan is designed to reward employees for meeting or exceeding industry standards for profitability and adopted to achieve the
      following objectives:</font></div>
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  <div style="text-align: justify; text-indent: -25.5pt; margin-left: 49.5pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(a)&#160;&#160; Increase the profitability and growth of Community Trust Bancorp, Inc. in a manner
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  <div style="text-align: justify; text-indent: 24pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(b)&#160;&#160; Motivate and reward employees who contribute to the success of the Company,</font></div>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Provide compensation which is competitive with other financial institutions,</font></div>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Attract and retain personnel of outstanding ability and encourage excellence in the performance of individual responsibilities,</font></div>
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            <td style="width: 24pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Allow the flexibility which permits revision and strengthening from time to time to reflect changing organizational goals and objectives.</font></div>
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  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE II</font></div>
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  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">As used herein, the following words and phrases shall have the meanings below unless the context clearly indicates otherwise:</font></div>
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            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Award Period&#8221; means one Fiscal Year.</font></div>
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            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</font></td>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Board&#8221; means the Board of Directors of Community Trust Bancorp, Inc.</font></div>
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  <div style="text-align: justify; text-indent: 27pt; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 21pt;" id="TRGRRTFtoHTMLTab">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Company&#8221; means Community Trust Bancorp, Inc.</font></div>
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              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Compensation Committee&#8221; means the Compensation Committee of the Board of Directors.</font></div>
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    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z224637f4f85e4090951d4e34bd07f012" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Disability&#8221; means the total and permanent disability of a participant as defined by any Long&#8209;Term Disability Plans in effect for the Company and as thereafter may be
                  amended.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="zf553ffc3e6b14656b3e09bdc88f9c827" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(f)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Effective Date&#8221; means the date upon which the Plan shall become effective.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z9cd1190ed92b4dd6b97c50237a8b2da0" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(g)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Fiscal Year&#8221; means the accounting period adopted by the Company for federal income tax purposes.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z81ff1d79ba994856b6ccb326c86573e3" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(h)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Participant&#8221; means a person designated by the Company to participate in the Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="za5321c7a4b294f3e82107cc25cf12bc2" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(i)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Plan&#8221; shall mean the Company&#8217;s Incentive Compensation Plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="zd9900fe363e14aeda353fc227e064f54" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(j)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Salary&#8221; or &#8220;Salaries&#8221; shall mean the base salary in effect for each participant as of the last pay period in December of the Award Period.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE III</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>ADMINISTRATION OF THE PLAN</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall administer the Plan and employ such other agents as may reasonably be required to administer the
      Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall adopt such rules and regulations of general application as are beneficial for the administration
      of the Plan and shall make all discretionary decisions involving a Participant of the Plan.&#160; Said committee shall also have the right to interpret the Plan, to determine the Effective Date, and to approve all employees who are to participate in the
      Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">A majority of the Compensation Committee shall constitute a quorum.&#160; The acts of a majority of the members present at any meeting
      at which there is a quorum shall be valid acts.&#160; Acts reduced to and approved in writing by a majority of said committee shall also be valid acts.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">All incentive compensation payable under the Plan shall be paid from the general assets of the Company.&#160; To the extent that any
      person acquires a right to receive payments under the Plan, such right shall be no greater than the right of any unsecured creditor of the Company.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.05</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall have the President and CEO of the Company send a written notice of such Plan to each selected
      Participant.&#160; No person shall have the right to be included in the Plan until receiving said notice in the form of Attachment &#8220;A&#8221; hereto.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.06</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">All costs and expenses involved in the administration of this Plan shall be paid by the Company.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.07</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Any determination or action of the Compensation Committee or the Board shall be final, conclusive and binding on all participants
      and their beneficiaries, heirs, personal representatives, executors, and administrators.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.08</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Board of Directors, in its sole discretion, may amend, modify or terminate the Plan at any time.&#160; The Compensation Committee
      shall also annually review the pre-determined performance standards and may amend such schedules in its sole discretion.&#160; Notwithstanding the foregoing, after the 90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of the year, the performance standards may not be amended in a
      manner which would increase the amount of incentive compensation payable over the amount which would have been payable under the performance standards previously established for such year.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE IV</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PARTICIPANT ELIGIBILITY</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The following group shall participate in the Plan:</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;">
    <div>
      <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z8903fa1c8dcd4ac396390ce0e5226c73" class="DSPFListTable">

          <tr>
            <td style="width: 27pt;"><br>
            </td>
            <td style="width: 21pt; vertical-align: top; align: right;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</font></td>
            <td style="width: auto; vertical-align: top; text-align: justify;">
              <div><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Full-time employees who do not participate in another incentive plan.</font></div>
            </td>
          </tr>

      </table>
    </div>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Voluntary or involuntary termination of full&#8209;time employment of a Participant prior to the payment of incentive compensation awards
      for an Award Period will result in such Participant forfeiting any incentive compensation for that Award Period (except as provided in Section 4.03 herein).</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">If a Participant dies, retires, becomes disabled, or is granted a leave of absence during an Award Period, the Compensation
      Committee may, at its discretion or under such rules as it may have prescribed, award partial incentive compensation based on the level of achievement in relation to goals established for the Award Period.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">New employees of the Company shall participate in the Plan so long as eligibility to participate in the Plan came into existence no
      later than six (6) months after the beginning of said Award Period.&#160; If a person becomes eligible at a date later than six (6) months into an Award Period, such person shall not be a Participant under this Plan until the first day of the next Award
      Period.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE V</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PAYMENT TO PARTICIPANTS</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The award payable under the Plan will be paid to participants within thirty days after the close of the Award Period.&#160; Awards are
      not earned until paid to Participants.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VI</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>DETERMINATION OF ANNUAL AWARD FUND</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The target award fund as a percentage of employee salaries for an Award Period shall be determined annually by the Compensation
      Committee of the Board of Directors. <font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">&#160; The target award may be changed by the Compensation Committee of the Board of Directors at any time at their discretion;
        provided, however, that the target award may not be increased after the 90</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">th</font></sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> day of the year.</font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The actual amount of the Incentive Compensation Plan award shall be calculated according to a schedule comparing actual Return on
      Average Assets (ROAA) and Earnings Per Share (EPS) for the Award Period to a pre-determined performance standard.&#160; When performance is above the performance standard, the actual award fund is adjusted upward from the target award fund.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.03</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">In the event that the ROAA or EPS are not attained but the target net income is attained, the amount of the award under the
      Employee Incentive Plan shall be paid at the base level of target performance payment.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.04</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">There shall be a minimum acceptable performance beneath which no incentive awards are paid and a maximum above which there is no
      additional award paid to avoid excessive payout in the event of windfall profits.&#160; <font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Said minimum and maximum shall be reviewed annually and amended when
        necessary at any time in the sole discretion of the Compensation Committee provided, however, that the minimum may not be reduced and the maximum may not be increased after the 90</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">th</font></sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> day of the year.</font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.05</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">A Participant who is rated a &#8220;4&#8221; or &#8220;5&#8221; on the most recent Performance Appraisal and Development Plan shall not be eligible to
      receive an award under the Plan.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VII</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>CALCULATION OF AWARD</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Employees will earn an award determined by EPS growth and ROAA as shown below:</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE I</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>2019 INCENTIVE COMPENSATION AWARD</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;" id="zc1635f976bd94b548e656cc2620aa708">

      <tr>
        <td style="width: 31.94%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="2">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">&#160;Target/ROAA</font></div>
        </td>
        <td style="width: 35.06%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Target Award</font></div>
        </td>
        <td style="width: 33%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of Salary</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 15.96%; vertical-align: top; border-top: #000000 2px solid;">&#160;</td>
        <td style="width: 15.97%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.38%</font></div>
        </td>
        <td style="width: 35.06%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">50%</font></div>
        </td>
        <td style="width: 33%; vertical-align: top; border-top: #000000 2px solid;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">2.00%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 15.96%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Base</font></div>
        </td>
        <td style="width: 15.97%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.45%</font></div>
        </td>
        <td style="width: 35.06%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">100%</font></div>
        </td>
        <td style="width: 33%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">4.00%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 15.96%; vertical-align: top;">&#160;</td>
        <td style="width: 15.97%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.48%</font></div>
        </td>
        <td style="width: 35.06%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">106.00%</font></div>
        </td>
        <td style="width: 33%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">4.25%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 15.96%; vertical-align: top;">&#160;</td>
        <td style="width: 15.97%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">1.51%</font></div>
        </td>
        <td style="width: 35.06%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">112.50%</font></div>
        </td>
        <td style="width: 33%; vertical-align: top;">
          <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">4.50%</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z99f29142fdff4ac589958912ac0589a8" class="DSPFListTable">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, the targeted (base) ROAA is established as follows: ROAA of 1.45% and EPS of $3.49 per the Company&#8217;s budget.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z3bdf7b7d76eb4e7a8edac675bb61367b" class="DSPFListTable">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">For 2019, net income target is $61,984,000.</font></div>
          </td>
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    </table>
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  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z97ef1820a38946d3b1abe4647fd65485" class="DSPFListTable">

        <tr>
          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 12pt;"><font style="font-family: Symbol, serif; font-size: 12pt; font-weight: bold;">&#183;</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VIII</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>MISCELLANEOUS PROVISIONS</u></font></font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.01</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee may elect to remove unusual, extraordinary, or non-recurring items from the calculation of ROAA and EPS.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.02</u></font></font></div>
  <div style="text-align: justify; line-height: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Company shall not merge into or consolidate with another entity or sell all or substantially all of its assets to another
      entity unless such other entity shall become obligated to perform the terms and conditions hereof relating to any awards already earned but not yet paid to the participant on his behalf.</font></div>
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  <div style="text-align: right; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ATTACHMENT A</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: center; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>NOTICE OF PARTICIPATION</u></font></font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</u></font> is
      eligible for participation in the 2019 Plan Year for Community Trust Bancorp, Inc. Incentive Compensation Plan, such participant being subject to all of the terms and conditions of said Plan.</font></div>
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  </div>
  <div style="text-align: justify; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">BY:&#160; ___________________________________</font></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 24pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Dated:&#160; ____________________</font></div>
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<DOCUMENT>
<TYPE>EX-10.19
<SEQUENCE>5
<FILENAME>ctb2019execcomp8kex10-19.htm
<DESCRIPTION>CTBI 2019 EXECUTIVE COMPENSATION AND INCENTIVE PLAN FORM 8-K EXHIBIT 10.19 LONG-TERM INCENTIVE PLAN
<TEXT>
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  <div style="text-align: left; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">Exhibit 10.19</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</font></div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">2019 EXECUTIVE COMMITTEE</font></div>
  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">LONG-TERM INCENTIVE COMPENSATION PLAN</font></div>
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  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">ARTICLE I</font></div>
  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>OBJECTIVES</u></font></font></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 1.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The 2019 Executive Committee Long-Term Incentive Compensation Plan is designed to reward members of the Executive Committee for
      Community Trust Bancorp, Inc.&#8217;s attainment of profitability on a long-term basis and is adopted to achieve the following objectives:</font></div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 12.1pt; width: 100%;" id="z19eb0cebbe114d6490146c26744bfc2b" class="DSPFListTable">

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          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.8pt; margin-top: 12.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="margin: 12.1pt 0px 0px; line-height: 13.8pt; text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160; &#160;&#160; Increase the profitability and growth of Community Trust Bancorp, Inc. in
                a manner which is consistent with other goals of Community Trust Bancorp, Inc., its stockholders, and its employees;</font></div>
          </td>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z86fe7f092f3540b7b6cc0703447513a4" class="DSPFListTable">

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          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="margin: 13.9pt 0px 0px; line-height: 13.7pt; text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160; &#160;&#160; Provide executive compensation which is competitive with other financial
                institutions;</font></div>
          </td>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.7pt; width: 100%;" id="z507aa75c6a4347daac38ed95a9ea2fcc" class="DSPFListTable">

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          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(c)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="margin: 13.7pt 0px 0px; line-height: 13.9pt; text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160; Attract and retain personnel of outstanding ability and encourage
                excellence in the performance of individual responsibilities; and</font></div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="zb9a90f0dc0dc4121930bbeba2a7eb3f8" class="DSPFListTable">

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          <td style="width: 36pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(d)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="margin: 13.9pt 0px 0px; line-height: 13.7pt; text-align: justify;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160; Motivate and reward members of the Executive Committee for their
                contribution to the long-term success of Community Trust Bancorp, Inc.</font></div>
          </td>
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    </table>
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  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">ARTICLE II</font></div>
  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>DEFINITIONS</u></font></font></div>
  <div style="text-align: left; line-height: 13.65pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 2.01</u></font></font></div>
  <div style="text-align: left; margin-right: 36pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">As used herein, the following words and phrases shall have the meanings below unless the context
      clearly indicates otherwise:</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
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            <div style="text-align: left; margin-left: 18pt; line-height: 13.8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(a)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.8pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Annual
                  Long-Term Incentive Plan&#8221; or &#8220;Plan&#8221; </font>means the 2019 Executive Committee Long-Term Incentive Compensation Plan set forth in this document and all amendments thereto.</font></div>
          </td>
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            <div style="text-align: left; margin-left: 18pt; line-height: 13.75pt; margin-top: 13.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(b)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.75pt; margin-top: 13.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">Board&#8221; </font>means the Board of Directors of Community Trust Bancorp, Inc.</font></div>
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            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(c)</font></div>
          </td>
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            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.6pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">Change in Control&#8221; </font>shall have the meaning specified in the Company&#8217;s 2015 Stock Ownership Incentive Plan.</font></div>
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            <div style="text-align: left; margin-left: 18pt; line-height: 13.8pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(d)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.8pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">Cumulative Net Income&#8221; </font>shall mean Community Trust Bancorp, Inc.&#8217;s cumulative net income for the three (3) years ending December 31, 2021, computed in accordance with generally accepted accounting principles, and giving
                effect to the accrual for payment of all incentive compensation.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.95pt; width: 100%;" id="z31f0fa8a59544d019a54c5ded52f42ae" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.75pt; margin-top: 13.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(e)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.75pt; margin-top: 13.95pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">Company&#8221; </font>means Community Trust Bancorp, Inc. and its subsidiaries.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt; margin-top: 1.25pt;"><br style="line-height: 13.7pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 1.25pt; width: 100%;" id="zc535fcac313b40f7beeae48f7f5c48ab" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 1.25pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(f)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; margin-top: 1.25pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">Compensation Committee&#8221; </font>means the Compensation Committee of the Board.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z530b0846e7b04488a3d114ee68252941" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(g)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Disability&#8221; </font>shall have the meaning specified in the Company&#8217;s 2015 Stock Ownership Incentive Plan.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.7pt; width: 100%;" id="z902f3163a13d4b85b183d9aa6972e781" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(h)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Effective Date&#8221; </font>means January 1, 2019, the date on which the Plan becomes effective.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z741847ed5cd149c490fc48bf4b34f2df" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(i)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Fiscal Year&#8221; </font>means the accounting period adopted by the Company for federal income tax purposes.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.7pt; width: 100%;" id="z09879c21d83247e9938352822bec6129" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(j)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Participant&#8221; </font>means each member of the Executive Committee as of January 1, 2019.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z8f608451d2d447ac9b0892b32bdcad9c" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(k)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Performance Goal&#8221; </font>shall have the meaning set forth in Section 7.01 below.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z3a6a53b6478a4532ae6312000fc2d054" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(l)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">Performance Period&#8221; </font>means the three (3) Fiscal Years beginning on January 1, 2019.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z47a57d0cd146466e83891ec42ef66369" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(m)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Performance Unit&#8221; </font>shall have the meaning specified in the Company&#8217;s 2015 Stock Ownership Incentive Plan, with each Performance Unit to have a potential value of $1.00.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.7pt; width: 100%;" id="zdcb4f0a103ec4bc6ad3062286efb95b2" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(n)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Retirement&#8221; </font>shall have the meaning specified in the Company&#8217;s 2015 Stock Ownership Incentive Plan.</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; margin-top: 13.9pt; width: 100%;" id="z84cb878e1db74d458b8319ab678fe0c0" class="DSPFListTable">

        <tr>
          <td style="width: 54pt; vertical-align: top; align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic; color: #000000;">(o)</font></div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style:
                  italic;">&#8220;Salary&#8221; or &#8220;Salaries&#8221; </font>means the base salary in effect for each Participant as of the last pay period in December 2019</font></div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: center; line-height: 13.65pt; margin-top: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">ARTICLE III</font></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; line-height: 13.65pt; margin-top: 0.3pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>ADMINISTRATION


          OF THE PLAN</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall administer the Plan and employ such agents as may reasonably be required to administer the Plan.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.02</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee shall adopt such rules and regulations of general application as are beneficial for the administration
      of the Plan and shall make all discretionary decisions involving a Participant in the Plan. The Compensation Committee shall also have the right to interpret the Plan, consistently with the applicable provisions of the 2015 Stock Ownership Incentive
      Plan, to determine the Effective Date, and to approve Participants in the Plan.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.03</u></font></font></div>
  <div style="text-align: justify; line-height: 13.65pt; margin-top: 0.25pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">A majority of the Compensation Committee shall constitute a quorum. The acts of a majority
      of the members present at any meeting at which there is a quorum shall be valid acts. Acts reduced to and approved in writing by a majority of the Compensation Committee shall also be valid acts.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.04</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">All incentive compensation payable under the Plan shall be paid from the general assets of the Company. To the
      extent that any person acquires a right to receive payments under the Plan, such right shall be no greater than the right of any unsecured creditor of the Company.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.05</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee may authorize the Chairman of the Board, President and Chief Executive Officer of the Company to send
      a written notice of such Plan to each Participant, substantially in the form of Attachment A hereto, and to execute and deliver, on behalf of the Company, a Performance Unit Agreement granting Performance Units to the Participant consistent with the
      Plan. No person shall have rights under the Plan until receiving and executing a Performance Unit Agreement, also executed by the Company, substantially in the form of Attachment B hereto.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.06</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">All costs and expenses involved in the administration of the Plan shall be paid by the Company.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.07</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">Any determination or action of the Compensation Committee or the Board shall be final, conclusive and binding on
      all Participants and their beneficiaries, heirs, personal representatives, executors, and administrators.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.08</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">The Board of Directors, in its sole discretion, may amend, modify or terminate the Plan at any time.
      Notwithstanding the foregoing, after the ninetieth (90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day of the year, the Performance Goals specified in Section 7.01 of this Plan may not be amended in a manner which would increase the amount of compensation payable pursuant to
      Performance Units over the amount which would have been payable under the Performance Goals previously established for such year.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">ARTICLE IV</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PARTICIPANT
          ELIGIBILITY</u></font></font></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Participants in the Plan will be the members of the Executive Committee of the Company as of January 1, 2019.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.02</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Voluntary or involuntary termination of full-time employment of a Participant prior to the expiration of the Performance Period
      will result in such Participant forfeiting any payment for Performance Units for the Performance Period, except as provided in Sections 4.03 and 4.04 below.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.03</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">In the case of termination of employment by reason of death, Disability, or Retirement of a Participant prior to the expiration
      of the Performance Period, any then outstanding Performance Units of such Participant shall be payable in an amount equal to the maximum amount payable under the Performance Unit (as set forth in Section 7.01 below) multiplied by a percentage equal
      to the percentage that would have been earned under the terms of the Performance Unit Agreement assuming that the rate at which the Performance Goal set forth in Section 7.01 below has been achieved, as of the date of such termination of employment,
      would have continued until the end of the Performance Period.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.04</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">If, within the 24-month period beginning on the date of a Change in Control, a Participant&#8217;s employment is terminated other than
      for Cause or by Participant for Good Reason (&#8220;Change in Control Termination Event&#8221;), any then outstanding Performance Units shall become fully vested and payable as soon as reasonably practicable, but no later than seventy-four (74) days following
      the Change in Control Termination Event, in an amount which is equal to the greater of (a) the maximum amount payable under the Performance Unit (as set forth in Section 7.01 below) multiplied by a percentage equal to the percentage that would have
      been earned under the terms of the Performance Unit Agreement assuming that the rate at which the Performance Goal has been achieved as of the date of such Change in Control would have been continued until the end of the Performance Period; or (b)
      the maximum amount payable under the Performance Unit (as set forth in Section 7.01 below) multiplied by the percentage of the Performance Period completed by the Participant at the time of the Change in Control Termination Event.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.05</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">New employees of the Company and persons promoted during the Performance Period who were not eligible to participate in the Plan
      at the beginning of the Performance Period, but have become members of the Executive Committee, shall participate in the Plan so long as such eligibility came into existence no later than six (6) months after the beginning of the Performance Period.
      If a person becomes eligible at a date later than six (6) months into the Performance Period, such person shall not be a Participant under the Plan.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE V</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PAYMENTS TO PARTICIPANTS</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The maximum payment in cash or shares that can be made pursuant to Performance Units granted to any one Participant in any
      calendar year is $1,000,000. Subject to this limitation and such terms and conditions as the Compensation Committee may impose, Performance Units shall be payable: (a) within seventy-four (74) days following the end of the Performance Period during
      which the Participant attained at least the minimum acceptable level of achievement under the Performance Goal; or (b) in the event of a Change in Control Termination Event, as soon as reasonably practicable following the Change in Control
      Termination Event, but no later than seventy-four (74) days following the Change in Control Termination Event.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.02</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">A Participant may elect to defer payment of all or part of his or her compensation under the Performance Units so long as the
      Participant requests such deferred payment under the terms of the Company&#8217;s Voluntary Deferred Compensation Plan; provided, however that such election to defer payment is subject to, and shall be made in accordance with, U. S. Treas. Reg.
      1.409A-2(b)(1).</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">ARTICLE VI</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>DETERMINATION OF TARGET AWARD FUND FOR
          PERFORMANCE UNITS</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The target award fund shall be generated by a percentage of the Salary of the CTBI Chief Executive Officer, the CTB Chief
      Executive Officer, and the other members of the Executive Committee, respectively. The target award fund shall be computed as shown in Table I below; however, the target award may be changed by the Compensation Committee of the Board of Directors at
      any time during the Performance Period at their discretion; provided, however, that the target award as a percentage of Salary may not be increased after the ninetieth (90<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup>) day of the 2019 calendar year.</font></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">TABLE I</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>TARGET AWARD FUND</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="zabb90071848746849a0a465d18996d50">

      <tr>
        <td valign="bottom" style="vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">PARTICIPANTS</font></div>
        </td>
        <td valign="bottom" style="vertical-align: top; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">SALARIES</font></div>
          <div style="line-height: 13.9pt;"><font style="line-height: 13.9pt;">&#160;</font></div>
          <div style="line-height: 13.9pt;"><font style="line-height: 13.9pt;">&#160;</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="text-align: center; line-height: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">TARGET AWARD<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>EXPRESSED AS A<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>% OF SALARY</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="text-align: center; line-height: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">TARGET AWARD<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>FUND</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 38%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">CTBI CEO</font></div>
        </td>
        <td valign="bottom" style="vertical-align: middle; width: 38%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">X 40</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; border-right: #000000 solid 2px; background-color: #CCEEFF;" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">%</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 38%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">CTB CEO</font></div>
        </td>
        <td valign="bottom" style="vertical-align: middle; width: 38%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">X 30</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; padding-bottom: 2px; border-right: #000000 solid 2px; background-color: #FFFFFF;" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">%</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 38%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">All Other Members of<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>the Executive<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Committee</font></div>
        </td>
        <td valign="bottom" style="vertical-align: middle; width: 38%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$</font></div>
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(aggregate salaries)*</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">X 20</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">%</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">$</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
      </tr>

  </table>
  <div style="text-align: justify; margin-right: 7.2pt; margin-left: 3.6pt; line-height: 12pt; margin-top: 0.85pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">*<font style="font-family: 'Times New Roman', serif;
        font-size: 10pt;">The aggregate Salaries may be increased to reflect the Salaries of any new members of the Executive Committee to the extent permitted under Section 4.05 above.</font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.02</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The actual amount of payments under the Performance Units shall be calculated according to a schedule comparing Cumulative Net
      Income to the Performance Goals described in Section 7.01 below. When performance meets established Performance Goals, the award fund will be adjusted according to the table shown in Section 7.01 below.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.03</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Subject to Sections 4.03 and 4.04 above, there shall be a minimum acceptable performance beneath which no amounts may be paid
      under the Performance Units (sometimes referred to as the &#8220;threshold&#8221;) and a maximum performance above which there is no additional amount paid to avoid excessive payout in the event of windfall profits. <font style="font-family: 'Times New Roman',
        serif; font-size: 12pt; font-weight: bold;">Such minimum and maximum may be amended when necessary at any time in the sole discretion of the Compensation Committee; provided, however, that the minimum may not be reduced and the maximum may not be
        increased after the ninetieth (90</font><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;"><font style="font-weight: bold;">th</font></sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">) day of the 2019 calendar year.</font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="line-height: 13.7pt; text-align: center;"><font style="font-weight: bold;">ARTICLE VII</font><br style="line-height: 13.7pt;">
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>CALCULATION OF PERFORMANCE UNIT
          PAYMENTS</u></font></font></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.01</u></font></font></div>
  <div style="text-align: justify; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The amount payable to the Participants under the Performance Units is determined based on Cumulative Net Income, as shown in
      Table II below:</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">TABLE II</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>2019 PERFORMANCE GOALS</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse;" id="z0473b1b5aa4a4b558a9219e02f68a16c">

      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">CUMULATIVE NET<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>INCOME</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">Award as a % of<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Target Award</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">Award as a % of<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>CTBI Chief Executive<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Officer Salary</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">Award as a % of CTB CEO</font></div>
          <div style="text-align: center; line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">Salary</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">Award as a %<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>of Salary of All<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Other<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Members of<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>the Executive<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
              </font>Committee</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">90% of Target Cumulative Net Income (<font style="font-family: 'Times New Roman', serif; font-size: 12pt;
                font-weight: bold;">Minimum</font>)</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">25%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">10.00%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">7.50%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">5.00%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; margin-right: 3.6pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">93% of Target Cumulative</font></div>
          <div style="text-align: left; margin-right: 3.6pt; line-height: 13.4pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">Net Income</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">50%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">200%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">15.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">10.0%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; margin-right: 3.6pt; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">96% of Target Cumulative</font></div>
          <div style="text-align: left; margin-right: 3.6pt; line-height: 13.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">Net Income</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">75%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">30.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">22.5%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">15.0%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">Target Cumulative Net Income (Per Schedule 1)</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">100%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">40.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">30.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">20.0%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">103% of Target Cumulative Net Income</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">120%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">48.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">36.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; color: rgb(0, 0, 0);">24.0%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">107% of Target Cumulative Net Income</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">135%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">54.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">40.5%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: &quot;Times New Roman&quot;,serif; font-size: 12pt; color: rgb(0, 0, 0);">27.05%</font></div>
        </td>
      </tr>
      <tr>
        <td style="width: 30.28%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.9pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">110.0% of Target Cumulative Net Income</font></div>
          <div style="text-align: left; margin-right: 5.3pt; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">(<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight:
                bold;">Maximum</font>)</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">150%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">60.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">45.0%</font></div>
        </td>
        <td style="width: 17.43%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.75pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">30.0%</font></div>
        </td>
      </tr>

  </table>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; margin-left: 3.6pt; line-height: 13.75pt; margin-top: 0.25pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">ARTICLE VIII</font></div>
  <div style="line-height: 13.75pt; margin-top: 0.25pt;"><br style="line-height: 13.75pt;">
  </div>
  <div style="text-align: center; margin-left: 3.6pt; line-height: 13.75pt; margin-top: 0.25pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;"><font style="font-family: 'Times New Roman', serif;
        font-size: 12pt;"><u>MISCELLANEOUS PROVISIONS</u></font></font></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.01</u></font></font></div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee may elect to remove unusual, extraordinary or non-recurring items from the calculation of Cumulative Net
      Income.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.02</u></font></font></div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Payments pursuant to the Performance Units shall be subject to recoupment by the Company to the extent required by applicable laws
      and regulations.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.03</u></font></font></div>
  <div style="text-align: left; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">The Company shall not merge into or consolidate with another entity or sell substantially all of its assets to another entity unless
      such other entity shall become obligated to perform the terms and conditions hereof relating to any amounts earned under Performance Units but not yet paid to the Participant.</font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <br>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div id="DSPFPageBreakArea" style="clear: both; margin-top: 11pt; margin-bottom: 11pt;">
    <div id="DSPFPageFooter">
      <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
      </div>
    </div>
    <div id="DSPFPageBreak" style="page-break-after: always;">
      <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
    <div id="DSPFPageHeader"></div>
  </div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> <br>
    </font></div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SCHEDULE A</font></div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">2019 Plan</font></div>
  <div style="text-align: center; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>CUMULATIVE NET INCOME TARGETS</u></font></font></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%;" id="z0c64516ab54c4745a97d3658a87531df">

      <tr>
        <td valign="bottom" style="vertical-align: middle; border-width: 2px; border-style: solid; border-color: rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">CUMULATIVE NET INCOME TARGETS</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; border-left: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0);" colspan="2">
          <div style="text-align: center; line-height: 13.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold; color: #000000;">% OF UNITS EARNED</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; border-right: 2px solid rgb(0, 0, 0); border-top: 2px solid rgb(0, 0, 0); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 13.85pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$171 Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 13.85pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">25</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 13.85pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$177 Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">50</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$182 Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">75</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$190 Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">100</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 14.1pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 14.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$196 Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 14.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">120</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255);" colspan="1">
          <div style="line-height: 14.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$203&#160; Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">135</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);" colspan="1">
          <div style="line-height: 13.65pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="vertical-align: middle; width: 88%; border-left: 2px solid rgb(0, 0, 0); border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: left; margin-right: 5.3pt; line-height: 14.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;$209&#160; Million</font></div>
        </td>
        <td valign="bottom" style="vertical-align: bottom; width: 1%; border-left: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">&#160;</td>
        <td valign="bottom" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 14.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">150</font></div>
        </td>
        <td valign="bottom" nowrap="nowrap" style="text-align: left; vertical-align: bottom; width: 1%; border-right: 2px solid rgb(0, 0, 0); background-color: rgb(204, 238, 255); border-bottom: 2px solid rgb(0, 0, 0);" colspan="1">
          <div style="line-height: 14.15pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">%</font></div>
        </td>
      </tr>

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</SEC-DOCUMENT>
