<SEC-DOCUMENT>0000350852-24-000033.txt : 20240125
<SEC-HEADER>0000350852-24-000033.hdr.sgml : 20240125
<ACCEPTANCE-DATETIME>20240125160426
ACCESSION NUMBER:		0000350852-24-000033
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		15
CONFORMED PERIOD OF REPORT:	20240123
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:		20240125
DATE AS OF CHANGE:		20240125

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMMUNITY TRUST BANCORP INC /KY/
		CENTRAL INDEX KEY:			0000350852
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		ORGANIZATION NAME:           	02 Finance
		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:		24562169

	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>ctbi2024exec_director8k.htm
<DESCRIPTION>CTBI EXECUTIVES AND DIRECTORS 8-K
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  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">UNITED STATES</div>

  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>

  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Washington, D.C.&#160; 20549</div>

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  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CURRENT REPORT</div>

  <div style="text-align: center; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Pursuant to Section 13 or 15 (d)</div>

  <div style="text-align: center; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">of the Securities Exchange Act of 1934</div>

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  <div style="text-align: center; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic;">Date of Report (Date of earliest event reported)</div>

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  <div style="text-align: center; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic;">(Exact name of registrant as specified in its charter)</div>

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          <div style="text-align: center; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic;">(Zip code)</div>
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    <td style="width: 49.62%; vertical-align: top;">&#160;</td>

    <td style="width: 50.38%; vertical-align: top;">&#160;</td>

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    <td style="width: 100%; vertical-align: top;" colspan="2">&#160;</td>

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          <div style="text-align: center; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Securities registered pursuant to Section 12(b) of the Act:</div>
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          <div style="text-align: center; line-height: 10.25pt; font-family: 'Times New Roman', serif; font-size: 9pt; font-style: italic;">(Title of class)</div>
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    <td style="width: 50.38%; vertical-align: top;">
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  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">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:</div>

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    <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</div>
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    <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;"><ix:nonNumeric name="dei:SolicitingMaterial" id="Fact_3ef4e466b992414f963bba6edc2ca81a" contextRef="c20240123to20240123" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
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    <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12)</div>
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    <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;"><ix:nonNumeric name="dei:PreCommencementTenderOffer" id="Fact_2eb4c73087894ff3a45216338fe1e7b0" contextRef="c20240123to20240123" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
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    <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</div>
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    <td style="width: 36pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;"><ix:nonNumeric name="dei:PreCommencementIssuerTenderOffer" id="Fact_7cfb14ed1921457baeef92b33533e62a" contextRef="c20240123to20240123" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric><br />
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    <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</div>
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  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; 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).</div>

  <div style="text-align: right; margin-left: 36pt; line-height: 12.55pt;"><span style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #231F20;">Emerging growth company</span><span class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt"> </span><ix:nonNumeric name="dei:EntityEmergingGrowthCompany" id="Fact_5b96cfbd0549431ca0882f47fd8b3001" contextRef="c20240123to20240123" format="ixt-sec:boolballotbox">&#x2610;</ix:nonNumeric></div>

  <div style="line-height: 12.55pt;"><br />
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  <div style="text-align: justify; text-indent: 34.05pt; margin-left: 1.95pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><span 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.</span><span class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt">&#160;</span><span style="font-family: 'MS Gothic', '&#8218;l&#8218;r &#402;S&#402;V&#402;b&#402;N', monospace; font-size: 11pt;">&#9744;</span></div>

  <div style="text-align: justify; text-indent: 34.05pt; margin-left: 1.95pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;"><span style="font-family: 'MS Gothic', '&#8218;l&#8218;r &#402;S&#402;V&#402;b&#402;N', monospace; font-size: 11pt;"> <br />
    </span></div>

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    </span></div>

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<div><span style="font-family: 'MS Gothic', '&#8218;l&#8218;r &#402;S&#402;V&#402;b&#402;N', monospace; font-size: 11pt;"> </span></div>

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  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Item 1.01 &#8211; Entry into a Material Definitive Agreement</div>

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  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">On January 23, 2024, Community Trust Bancorp, Inc.&#8217;s (&#8220;CTBI&#8221;) Board of Directors (the &#8220;Board&#8221;) approved the Employee
    Incentive Compensation Plan for the year ending December 31, 2024, which is included under Item 5.02 below, and incorporated herein by reference.</div>

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  <div style="text-align: justify; line-height: 13.7pt; 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
    Arrangement of Certain Officers</div>

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  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="text-decoration: underline;">Compensatory Arrangements</span></div>

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  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">On January 23, 2024, the Board approved the following actions, which were approved by the Compensation Committee (the
    &#8220;Committee&#8221;) and recommended to the Board:</div>

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            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>

    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Base Salary Increases.</span>&#160; New annual
              base salaries were approved for the following named executive officers (&#8220;NEOs&#8221;):&#160; Mark A. Gooch (Vice Chairman, President, and Chief Executive Officer) - $685,500; Richard W. Newsom (Executive Vice President) - $378,000; Kevin J. Stumbo
              (Executive Vice President, Chief Financial Officer, and Treasurer) - $368,000; James B. Draughn (Executive Vice President) - $357,000; and Ricky D. Sparkman (Executive Vice President) - $330,000.</div>
          </td>

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            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>

    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Cash Incentive Compensation Awards for the
                Year(s) Ended December 31, 2023. </span>CTBI&#8217;s NEOs were participants in CTBI&#8217;s Senior Management Incentive Compensation Plan for the year ended December 31, 2023 (the &#8220;2023 Plan&#8221;).&#160; The Committee previously established the performance
              measures under the 2023 Plan and the required minimum level of performance for payment was not achieved by CTBI under the 2023 Plan.&#160; However, the Committee authorized a discretionary gift/payment to all full-time employees hired prior to
              July 1, 2023 of $1,000 and all full-time employees hired after June 30, 2023 of $500, as well as a discretionary gift/payment to our Executive Committee and other members of senior management.&#160; Accordingly, the NEOs received payments (paid in
              January 2024) as follows:</div>
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    <td style="width: 72.17%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>

    <td style="width: 27.83%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">2024 Cash Payments Awarded ($)</div>
        </td>

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  <tr>

    <td style="width: 72.17%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Mark A. Gooch &#8211; Vice Chairman, President, and Chief Executive Officer</div>
        </td>

    <td style="width: 27.83%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">81,938</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Richard W. Newsom &#8211; Executive Vice President</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">27,300</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Kevin J. Stumbo &#8211; Executive Vice President, Chief Financial Officer, and Treasurer</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">26,513</div>
        </td>

  </tr>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">James B. Draughn &#8211; Executive Vice President</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">25,725</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Ricky D. Sparkman &#8211; Executive Vice President</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">23,775</div>
        </td>

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</table>
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  </div>

  <div style="text-align: justify; margin-left: 18pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">CTBI&#8217;s NEOs were also participants in CTBI&#8217;s 2021 Executive Committee Long-Term Incentive Compensation Plan (&#8220;2021 Plan&#8221;)
    for the three-year period ending December 31, 2023.&#160; The Committee previously established the performance measures under the 2021 Plan and the required level of performance for the maximum tier payment was achieved by CTBI under the 2021 Plan.&#160;
    Accordingly, the NEOs were entitled to the following cash incentive awards (paid in January 2024):</div>

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    <td style="width: 72.17%; vertical-align: top; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>

    <td style="width: 27.83%; vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">2023 Cash Incentive Awarded Under the Long-Term Incentive Compensation Plan ($)</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Mark A. Gooch &#8211; Vice Chairman, President, and Chief Executive Officer</div>
        </td>

    <td style="width: 27.83%; vertical-align: top; border-top: 2px solid rgb(0, 0, 0);">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">220,500</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Richard W. Newsom &#8211; Executive Vice President</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">87,150</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Kevin J. Stumbo &#8211; Executive Vice President, Chief Financial Officer, and Treasurer</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">97,500</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">James B. Draughn &#8211; Executive Vice President</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">93,600</div>
        </td>

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    <td style="width: 72.17%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Ricky D. Sparkman &#8211; Executive Vice President</div>
        </td>

    <td style="width: 27.83%; vertical-align: top;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">87,150</div>
        </td>

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            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>

    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span 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, 2024.</span>&#160; The Committee recommended and the Board approved the Senior Management Incentive Compensation Plan for the year ending December 31, 2024 (the &#8220;2024 Plan&#8221;) which is included herein as
              Exhibit 10.7 to this Current Report on Form 8-K.&#160; The participation groups under the 2024 Plan are: (i) Group I, consisting of the CEO of CTBI. and other members of the Executive Committee (&#8220;Other Executive Officers&#8221;); (ii) Group II,
              consisting of Community Trust Bank, Inc. (&#8220;CTB&#8221;) officers responsible for the various consolidated functions as selected by the CEO, the Presidents of each market, and the Community Trust and Investment Company (&#8220;CTIC&#8221;) 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 Committee.&#160; Individuals below the Senior Vice President level may be
              selected by the Committee for special option awards for extraordinary performance.&#160; This Plan may be amended, modified, or terminated by the Board at any time at its sole discretion, except that after the 90<sup>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.</div>
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            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Courier New', monospace; font-size: 12pt;">o</div>
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    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Participants will be eligible for a cash award determined by earnings per share (&#8220;EPS&#8221;) and earnings as a percentage of average
              assets (&#8220;ROAA&#8221;).&#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; Other Executive Officers minimum
              award of 15% of salary and maximum award of 60% of salary; (iii) Group II&#160; &#8211; minimum award of 3.5% of salary and maximum award of 8.75% of salary; and (iv) 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 2024 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.</div>
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            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Courier New', monospace; font-size: 12pt;">o</div>
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    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; 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 Committee and approved by the Board 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; Other Executive Officers
              minimum award of 7.5% of salary and maximum award of 17.25% of salary; (iii) Group II &#8211; minimum award of 5% of salary and maximum award of 11.5% of salary; and (iv) 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 2024 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.</div>
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  </div>

  <div style="text-align: justify; margin-left: 18pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The Committee also recommended and the Board approved the Employee Incentive Compensation Plan for the year ending December
    31, 2024 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 at any time at its sole discretion, except that after the 90<sup>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.</div>

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            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Courier New', monospace; font-size: 12pt;">o</div>
          </td>

    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Participants will be eligible for a cash award determined by EPS growth and 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 2024 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.</div>
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            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>

    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">Plan for Long-Term Incentive Compensation
                for Executive Committee.&#160; </span>The Committee recommended and the Board approved the 2024 Executive Committee Long-Term Incentive Compensation Plan which is included herein as Exhibit 10.21 to this Current Report on Form 8-K.&#160; This Plan
              may be amended, modified, or terminated by the Board at any time at its sole discretion, except that after the 90<sup>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.</div>
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    <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Courier New', monospace; font-size: 12pt;">o</div>
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    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; 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 and 20% of the salary of other members of the Executive
              Committee.&#160; The target award may be changed by the Committee of the Board at any time during the Performance Period (as defined in the Plan) at their discretion provided, however, that the target award as a percentage of salary may not be
              increased after the 90<sup>th</sup> day of the 2024 calendar year.</div>
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  </div>

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    <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Courier New', monospace; font-size: 12pt;">o</div>
          </td>

    <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; 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% and 60%, respectively,
              for the CTBI CEO and 5% and 30%, respectively, 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.</div>
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  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="text-decoration: underline;">Election of Director</span></div>

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  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">On January 23, 2024, the Board appointed Jeff Sandlin, age 60, as an independent director, effective immediately.<span style="color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160; Mr. Sandlin was recommended to the Board by Mark Gooch.&#160; Mr. Sandlin worked in the mining industry from 1980 to1994.&#160; In October 1994, he joined Perry Distributors,
      Inc. of Hazard, Kentucky and worked his way through every area of the business including warehouse, delivery, marketing, human resources, and sales and administration.&#160; He was appointed General Manager in 1999 and is currently the Chief Operating
      Officer for Perry Distributors, Inc.&#160; Mr. Sandlin led the acquisition efforts of two additional companies, one in Ashland and another in Ironton, Ohio in 2016.&#160; Mr. Sandlin has been an active member of our advisory board for the Hazard Market for
      many years.</span></div>

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  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">The addition of Mr. Sandlin expands the Board to twelve members. Mr. Sandlin was named to the Audit and
    Asset Quality and Risk and Compliance Committees of the Board.&#160; In connection with his service as a non-employee director, Mr. Sandlin will be compensated in accordance with CTBI&#8217;s standard compensation policies and practices for non-employee directors
    of the Board as described in Definitive Proxy Statement on Schedule 14A, filed with the Securities and Exchange Commission on March 23, 2023 (&#8220;CTBI&#8217;s 2023 Proxy Statement&#8221;), which information is incorporated herein by reference.&#160; Mr. Sandlin does not
    have any family relationships with any of CTBI&#8217;s directors or executive officers, has no arrangements or understandings with any other person pursuant to which he was appointed a director, and is not a party to any of the transactions of the type
    listed in Item 404(a) of Regulation S-K.</div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: left; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="text-decoration: underline;">Succession Planning - Anticipated Retirements; Board and Executive Officer Changes</span></div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><span style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;">M. Lynn Parrish, Chairman of the
      Board, announced his planned retirement effective March 17, 2024.&#160; At a meeting of the Board held on January 23, 2024, the Board approved the appointment of Mark A. Gooch, Vice Chairman, President, and Chief Executive Officer, to assume the position
      of Chairman effective with Mr. Parrish&#8217;s retirement.&#160; At the same meeting, the Board approved the appointment of </span>Eugenia Crittenden &#8220;Crit&#8221; Luallen<span style="font-family: 'Times New Roman', serif; font-size: 12pt; color: #000000;"> as Vice
      Chairman and lead independent director effective with Mr. Parrish&#8217;s retirement.</span></div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Mr. Gooch currently serves and will continue to serve as President and Chief Executive Officer of CTBI, as
    well as Chairman and Chief Executive Officer of the Board of CTB and Chairman of the Board of CTIC.&#160; He will continue to serve as Vice Chairman of the Board until March 17, 2024.</div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Ms. Luallen was appointed to the Board in 2020.&#160; She currently serves and will continue to serve on the
    Board&#8217;s Audit and Asset Quality and Risk and Compliance Committees and is Chairman of the Compensation Committee.&#160; She is also a director of CTIC.</div>

  <div style="line-height: 14.4pt;">
    <div style="line-height: 13.2pt;"><br />
    </div>

    <div style="text-align: justify; text-indent: 36pt; line-height: 13.2pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Additional information relating to the background and business experience for Mr. Gooch and Ms. Luallen is
      set forth in CTBI&#8217;s 2023 Proxy Statement, under the heading &#8220;Election of Directors&#8221;, which information is incorporated herein by reference.</div>

  </div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">James B. Draughn, Executive Vice President, announced his intention to retire effective January 31, 2025.&#160;
    Following Mr. Draughn&#8217;s retirement, it is anticipated that Thomas McCoy will assume his responsibilities.</div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Mr. McCoy has worked at CTBI for over 32 years.&#160;&#160;He currently manages critical day-to-day related needs for
    the Information Technology Department.&#160; He manages and directs significant critical IT projects, acts as information technology&#160;departmental manager in the absence of Mr. Draughn,&#160;and is responsible for research and solutions to aid in improving the
    end-user computing environment through providing the tools necessary to support all of CTBI&#8217;s bank, brokerage, and trust divisions user base. &#160;Mr. McCoy also directly manages all of the organization&#8217;s application systems, platform systems
    administration, network administrative tasks, and systems development.</div>

  <div style="line-height: 14.4pt;">
    <div style="line-height: 13.7pt;"><br />
    </div>

    <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Other than existing compensatory arrangements between Mr. Gooch and Ms. Luallen (the &#8220;Appointees&#8221;) and
      CTBI, as described in CTBI&#8217;s 2023 Proxy Statement, in connection with the above succession appointments: (i) there are no arrangements or understandings between the Appointees and any other person; (ii) no material plan, contract or arrangement has
      been entered into with the Appointees, and no such plan, contract or arrangement with the Appointees has been materially amended; and (iii) no grant of any award to the Appointees or modification of an existing award has been made.&#160; Moreover, none of
      the Appointees has a family relationship with any other director or executive officer of CTBI or any person nominated or chosen by CTBI to become a director or executive officer.&#160; Also, none of the Appointees has a direct or indirect material
      interest in any transaction that would require reporting under Item 404(a) of Regulation S-K.</div>

  </div>

  <div style="line-height: 14.4pt;">
    <div style="line-height: 13.7pt;"><br />
    </div>

  </div>

  <div><span style="font-weight: bold;">Item 9.01 &#8211; Financial Statements and Exhibits </span></div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">(d) Exhibits</div>

  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;</div>

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    <td style="width: 16.35%; vertical-align: top; border-bottom: 2px solid black;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Exhibit No.</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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Description</div>
        </td>

  </tr>

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    <td style="width: 16.35%; vertical-align: top;">&#160;</td>

    <td style="width: 83.65%; vertical-align: top;">&#160;</td>

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    <td style="width: 16.35%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">10.7</div>
        </td>

    <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Senior Management Incentive Compensation Plan (for the year ending December 31, 2024)</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-family: 'Times New Roman', serif; font-size: 12pt;">10.9</div>
        </td>

    <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Employee Incentive Compensation Plan (for the year ending December 31, 2024)</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-family: 'Times New Roman', serif; font-size: 12pt;">10.21</div>
        </td>

    <td style="width: 83.65%; vertical-align: top;">
          <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Community Trust Bancorp, Inc. 2024 Executive Committee Long-Term Incentive Compensation Plan</div>
        </td>

  </tr>


</table>
  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="line-height: 10.85pt;"><br />
  </div>

  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SIGNATURES</div>

  <div style="line-height: 13.7pt;"><br />
  </div>

  <div style="text-align: justify; text-indent: 36pt; line-height: 13.7pt; 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.</div>

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  </div>

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    <td style="width: 21.15%; vertical-align: top;">&#160;</td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</div>
        </td>

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    <td style="width: 7.94%; vertical-align: top;">&#160;</td>

    <td style="width: 21.15%; vertical-align: top;">&#160;</td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top;">&#160;</td>

  </tr>

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    <td style="width: 7.94%; vertical-align: top;">&#160;</td>

    <td style="width: 21.15%; vertical-align: top;">&#160;</td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">By:</div>
        </td>

  </tr>

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    <td style="width: 7.94%; vertical-align: top;">&#160;</td>

    <td style="width: 21.15%; vertical-align: top;">&#160;</td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top;">&#160;</td>

  </tr>

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    <td style="width: 7.94%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Date:</div>
        </td>

    <td style="width: 21.15%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">January 25, 2024</div>
        </td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">/s/ Mark A. Gooch</div>
        </td>

  </tr>

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    <td style="width: 7.94%; vertical-align: top;">&#160;</td>

    <td style="width: 21.15%; vertical-align: top;">&#160;</td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Mark A. Gooch</div>
        </td>

  </tr>

  <tr>

    <td style="width: 7.94%; vertical-align: top;">&#160;</td>

    <td style="width: 21.15%; vertical-align: top;">&#160;</td>

    <td style="width: 10.8%; vertical-align: top;">&#160;</td>

    <td style="width: 60.11%; vertical-align: top;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Vice Chairman, President, and Chief Executive Officer</div>
        </td>

  </tr>


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<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>3
<FILENAME>ctbi2024exec_dir8kex10-7.htm
<DESCRIPTION>CTBI EXECUTIVES AND DIRECTORS 8-K EXHIBIT 10.7
<TEXT>
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<body bgcolor="#ffffff" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; text-align: left; color: #000000;">
  <font style="font-weight: bold;">Exhibit 10.7</font>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</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: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">SENIOR MANAGEMENT INCENTIVE</div>
  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMPENSATION PLAN</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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EFFECTIVE JANUARY 1, 2024</div>
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  </div>
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  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>SENIOR MANAGEMENT INCENTIVE COMPENSATION PLAN</u></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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>TABLE OF CONTENTS</u></div>
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  </div>
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    <div style="text-align: left; text-indent: 23.65pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE</div>
  </div>
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  </div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0ab11779208b4a1fa2336a3b6a67e632">

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          <td style="width: 108pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">I.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Objectives</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z1891224bfc874cfc9424dc6cea3c9b6a">

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            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">II.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Definitions</div>
          </td>
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            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">III.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Administration of the Plan</div>
          </td>
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            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">IV.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Participant Eligibility</div>
          </td>
        </tr>

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  </div>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z562b2e9a5cd24e30942eac9866a4200f">

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          <td style="width: 108pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">V.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Payment to Participants</div>
          </td>
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          <td style="width: 108pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">VI.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Determination of Annual Award Fund</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zd6c189c297fb432f8e80844295fa87c3">

        <tr>
          <td style="width: 108pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">VII.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Calculation of Award</div>
          </td>
        </tr>

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  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Table I - 2024 Annual Cash Incentive Compensation</div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Award - Group I</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Table II - 2024 Annual Cash Incentive Compensation</div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Award - Group II</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Table III &#8211; 2024 Annual Cash Incentive Compensation</div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Award - Group III</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Table IV &#8211; 2024 Senior Management Incentive Compensation Plan - Stock Option Awards</div>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9be6c6757b3d49478c804fb8aededce8">

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          <td style="width: 108pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 50.25pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">VIII.</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Miscellaneous Provisions</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Attachment A - Notice of Participation</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; text-indent: 0pt; margin-left: 108pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 11pt;">Attachment B - Designation of Beneficiary</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="line-height: 14.4pt;">
    <div style="line-height: 18pt;"><br style="line-height: 18pt;">
    </div>
  </div>
  <div style="clear: both; margin-top: 12pt; margin-bottom: 12pt;" class="BRPFPageBreakArea">
    <div class="BRPFPageFooter">
      <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>
    <div style="page-break-after: always;" class="BRPFPageBreak"><br>
    </div>
    <div class="BRPFPageHeader">
      <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: center; text-indent: -108pt; margin-left: 108pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE I</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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>OBJECTIVES</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 1.01</u></div>
  <div style="text-align: left; line-height: 13.7pt; 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:</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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2b36b71c24d34776bf4ab5de042a5b5d">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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,</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z368dc7e221e6447793d1d8e5eb7b6438">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Provide executive compensation which is competitive with other financial institutions,</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z098c35fee2894341a84ca98703c5b173">

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        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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,</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z34946e964f504e8b9d637c1db29de393">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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,</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z94b1f36b9d0a40a5b7797191cde3b967">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z13c1ff6802704c2d9f2d937a5536a3fa">

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        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(f)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE II</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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DEFINITIONS</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 2.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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:</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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z09d935e6a9244d848738400821c7f95f">

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        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zaa55cd1e40c64e05bbd0a091fddadc80">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za4c58964565b4d648ec7f848a496cadc">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z51e29b58d4c54bd8842bf5a3332108f9">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z2bb2ce0b743f48f59a7aab7da1ca40ea">

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        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z9efee3e00f2549b5b2fa3d5bb64645e5">

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        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(f)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zbb360b2e23a74a17ad561a7a7c715ff5">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(g)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z27a51d6b5ddc4f718efd8a44ff1dd0f8">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(h)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6de4c944628b4cccabb8356c90834cf8">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(i)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z4596d2358cb349a6a54d0b85fedfd9e5">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(j)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb8edc60e4e0c465ea4e885475aac60f9">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(k)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6db5823e2865401cb39fd51e18405cc2">

        <tr>
          <td style="width: 63pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">(l)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; 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.</div>
          </td>
        </tr>

    </table>
  </div>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z0863702dc85d43329c8ec87c0601a571">

        <tr>
          <td style="width: 63pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">(m)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; 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.</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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE III</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>ADMINISTRATION OF THE PLAN</u></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-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</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-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.03</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.05</u></div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The Compensation Committee may authorize the Chairman or 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>.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.06</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.07</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.08</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE IV</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>PARTICIPANT ELIGIBILITY</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.01</u></div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The following groups shall participate in the Plan:</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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="za466a42ac60441a8a7ace1c4ef9ea47b">

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

  </table>
  <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: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z42ee03a52fca49d88b4e762a8a89a53a">

      <tr>
        <td style="width: 36pt;"><br>
        </td>
        <td style="width: 27pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 11pt;">(b)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="zb534a599f907470189ab187f15d405ce">

        <tr>
          <td style="width: 63pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">(c)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12.55pt; 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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;" class="DSPFListTable" id="z6db448f171084f56b1dd8035ade6fc56">

        <tr>
          <td style="width: 63pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 36pt; line-height: 12.55pt; font-family: 'Times New Roman', serif; font-size: 11pt;">(d)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12.55pt; 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.</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-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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).</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.03</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.05</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE V</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>PAYMENT TO PARTICIPANTS</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VI</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DETERMINATION OF ANNUAL AWARD</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.02</u></div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">In the event that either 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.03</u></div>
  <div style="text-align: justify; line-height: 12pt; 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="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> day of the year.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VII</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>CALCULATION OF AWARD</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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:</div>
  <br>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE I</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>2024 ANNUAL CASH INCENTIVE COMPENSATION AWARD</u></div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>INITIAL CALCULATION</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group I - Executive Committee of Community Trust Bancorp, Inc.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="za67ec2231663491aac8597d19517d1e2" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 14.41%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 28.83%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; 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="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Target</div>
        </td>
        <td style="width: 14.42%; vertical-align: top; background-color: #D9D9D9; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Award as a % of Target Award</div>
        </td>
        <td style="width: 42.34%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; 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="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Award as a % of Salary</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.41%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.41%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">ROAA</div>
        </td>
        <td style="width: 14.42%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">EPS</div>
        </td>
        <td style="width: 14.42%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 20.97%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">CTBI CEO</div>
        </td>
        <td style="width: 21.37%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group I</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.41%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.32%</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.27</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">25%</div>
        </td>
        <td style="width: 20.97%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">25%</div>
        </td>
        <td style="width: 21.37%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">15%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.41%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Base</div>
        </td>
        <td style="width: 14.41%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.36%</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.40</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">50%</div>
        </td>
        <td style="width: 20.97%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">50%</div>
        </td>
        <td style="width: 21.37%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">30%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.41%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.40%</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.53</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">75%</div>
        </td>
        <td style="width: 20.97%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">75%</div>
        </td>
        <td style="width: 21.37%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">45%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.41%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.41%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.44%</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.66</div>
        </td>
        <td style="width: 14.42%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">100%</div>
        </td>
        <td style="width: 20.97%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">100%</div>
        </td>
        <td style="width: 21.37%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">60%</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z12b423d03bcf4a2cb953d3df365afcef" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, the targeted (base) ROAA is established as follows: ROAA of 1.36% and EPS of $4.40.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z7fb8bb0893204a6f9296b3119fe6856a" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, net income target is $79,195,000.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z4fa8f5eb256f4700a8b6d42b733bec16" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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:</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE II</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>2024 ANNUAL CASH INCENTIVE COMPENSATION AWARD</u></div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>INITIAL CALCULATION</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group II &#8211; Consolidated Division Officers of CTBI and Market Presidents</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z4b42b5950ab24725a3c08583970acaa5" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 14.55%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 29.11%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; 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="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Target</div>
        </td>
        <td style="width: 20.04%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Award as a % of Target Award</div>
        </td>
        <td style="width: 36.29%; vertical-align: bottom; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Award as a % of Salary</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">ROAA</div>
        </td>
        <td style="width: 14.56%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">EPS</div>
        </td>
        <td style="width: 20.04%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 36.29%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group II</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.32%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.27</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">50%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">3.50%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Base</div>
        </td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.36%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.40</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">100%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">7.00%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.40%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.53</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">112%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">7.84%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.44%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.66</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">125%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">8.75%</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z01e517bf217349f6b7265a4cffebe63e" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, the targeted (base) ROAA is established as follows: ROAA of 1.36% and EPS of $4.40.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z0f2c3c37813346cc81be1dda4b06f0de" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, net income target is $79,195,000.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z5f9d4b44336545cab86d01c3a8a83b2b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.03</u></div>
  <div style="text-align: justify; line-height: 12pt; 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:</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE III</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>2024 ANNUAL CASH INCENTIVE COMPENSATION AWARD</u></div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>INITIAL CALCULATION</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group III - Senior Vice Presidents of Consolidated Functions</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z600646a67aef42ebbd3ade9175e922b6" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 14.55%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 29.11%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; 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="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Target</div>
        </td>
        <td style="width: 20.04%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Award as a % of Target Award</div>
        </td>
        <td style="width: 36.29%; vertical-align: bottom; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Award as a % of Salary</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">ROAA</div>
        </td>
        <td style="width: 14.56%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">EPS</div>
        </td>
        <td style="width: 20.04%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 36.29%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group III</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.32%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.27</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;50%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">2.75%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Base</div>
        </td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.36%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.40</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">100%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">5.50%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.40%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.53</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;106%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">5.83%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 14.55%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 14.55%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.44%</div>
        </td>
        <td style="width: 14.56%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.66</div>
        </td>
        <td style="width: 20.04%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">122%</div>
        </td>
        <td style="width: 36.29%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">6.71%</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zbbc1a060e49f42ac9a3a273e777f3b07" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, the targeted (base) ROAA is established as follows: ROAA of 1.36% and EPS of $4.40.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z5c60246c30c44254a3256071f1aa3854" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, net income target is $79,195,000.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><sub style="vertical-align: bottom; line-height: 1; font-size: smaller;">&#160;</sub></div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z7cb862687bb04d3da5b5d808bc33218f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The results are after accrual of the incentive.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE IV</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>2024 SENIOR MANAGEMENT INCENTIVE COMPENSATION PLAN</u></div>
  <div style="text-align: center; text-indent: 108pt; margin-right: 135pt; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>STOCK OPTION AWARDS</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z577fece68805460288b627297d835223" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 10.35%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 22.6%; vertical-align: bottom; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; 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="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Target</div>
        </td>
        <td style="width: 67.06%; vertical-align: bottom; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="4">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Stock Option Award as a % of Salary</div>
        </td>
      </tr>
      <tr>
        <td style="width: 10.35%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 11.77%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">ROAA</div>
        </td>
        <td style="width: 10.83%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">EPS</div>
        </td>
        <td style="width: 19.5%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">CTBI CEO</div>
        </td>
        <td style="width: 14.86%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group I</div>
        </td>
        <td style="width: 15.85%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group II</div>
        </td>
        <td style="width: 16.84%; vertical-align: top; background-color: #D9D9D9; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Group III</div>
        </td>
      </tr>
      <tr>
        <td style="width: 10.35%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 11.77%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.32%</div>
        </td>
        <td style="width: 10.83%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.27</div>
        </td>
        <td style="width: 19.5%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">10.00%</div>
        </td>
        <td style="width: 14.86%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;7.50%</div>
        </td>
        <td style="width: 15.85%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;5.00%</div>
        </td>
        <td style="width: 16.84%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">2.25%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 10.35%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Base</div>
        </td>
        <td style="width: 11.77%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.36%</div>
        </td>
        <td style="width: 10.83%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.40</div>
        </td>
        <td style="width: 19.5%; 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: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">20.00%</div>
        </td>
        <td style="width: 14.86%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">15.00%</div>
        </td>
        <td style="width: 15.85%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">10.00%</div>
        </td>
        <td style="width: 16.84%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">4.50%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 10.35%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 11.77%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.40%</div>
        </td>
        <td style="width: 10.83%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.53</div>
        </td>
        <td style="width: 19.5%; 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: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">21.00%</div>
        </td>
        <td style="width: 14.86%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">15.75%</div>
        </td>
        <td style="width: 15.85%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">10.50%</div>
        </td>
        <td style="width: 16.84%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">4.75%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 10.35%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 11.77%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.44%</div>
        </td>
        <td style="width: 10.83%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.66</div>
        </td>
        <td style="width: 19.5%; 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: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">23.00%</div>
        </td>
        <td style="width: 14.86%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">17.25%</div>
        </td>
        <td style="width: 15.85%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">11.50%</div>
        </td>
        <td style="width: 16.84%; 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: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">5.00%</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z2c6c2f3fc2f549ebb8f02beb3b8ddf13" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, the targeted (base) ROAA is established as follows: ROAA of 1.36% and EPS of $4.40.</div>
          </td>
        </tr>

    </table>
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  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
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        <tr>
          <td style="width: 18pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, net income target is $79,195,000.</div>
          </td>
        </tr>

    </table>
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  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
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        <tr>
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            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</div>
          </td>
        </tr>

    </table>
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  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VIII</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>MISCELLANEOUS PROVISIONS</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
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  <div style="text-align: right; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ATTACHMENT A</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: center; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>NOTICE OF PARTICIPATION</u></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 144pt; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;is eligible for participation in the 2024 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.</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 168pt; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Compensation Committee of the Board of Directors</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; text-indent: 168pt; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">By: ___________________________________</div>
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  </div>
  <div style="text-align: justify; text-indent: 168pt; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Dated: ____________________</div>
  <div style="line-height: 20.5pt;"><br style="line-height: 20.5pt;">
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  <div style="text-align: right; line-height: 20.5pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ATTACHMENT B</div>
  <div style="line-height: 20.5pt;"><br style="line-height: 20.5pt;">
  </div>
  <div style="text-align: center; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DESIGNATION OF BENEFICIARY</u></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
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  <div style="text-align: justify; line-height: 20.5pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">I,</font><font class="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 class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 171pt">&#160;</font><br style="line-height: 13.7pt;">
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  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 20.5pt; 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:</div>
  <div style="text-align: justify; line-height: 13.7pt;"><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 171pt">&#160;</font><br style="line-height: 13.7pt;">
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  <div style="text-align: justify; text-indent: 74.1pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 229.7pt">&#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 class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 423pt">&#160;</font><br style="line-height: 13.7pt;">
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  <div style="text-align: justify; text-indent: 194.2pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Address</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
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  <div style="text-align: justify; line-height: 13.7pt;"><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</font><font class="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: 74.1pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 229.7pt">&#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 class="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: 194.2pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Address</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</font><font class="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: 74.1pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Name</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 229.7pt">&#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 class="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: 194.2pt; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Address</div>
  <div style="line-height: 11.4pt;"><br style="line-height: 11.4pt;">
  </div>
  <div style="text-align: justify; line-height: 20.5pt; 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.</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt;"><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 180pt">&#160;</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 72pt">&#160;</font><font class="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: 77.45pt; line-height: 13.7pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Date</font><font class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 196.75pt">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">Signature of Participant</font></div>
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<DOCUMENT>
<TYPE>EX-10.9
<SEQUENCE>4
<FILENAME>ctbi2024exec_dir8kex10-9.htm
<DESCRIPTION>CTBI EXECUTIVES AND DIRECTORS 8-K EXHIBIT 10.9
<TEXT>
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  <div style="font-weight: bold;">Exhibit 10.9</div>
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  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</div>
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  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">EMPLOYEE INCENTIVE COMPENSATION PLAN</div>
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  </div>
  <div style="text-align: center; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">EFFECTIVE JANUARY 1, 2024</div>
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  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>INCENTIVE COMPENSATION PLAN</u></div>
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  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>TABLE OF CONTENTS</u></div>
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          <div style="text-align: left; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE</div>
        </td>
        <td style="width: 60.15%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;I</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">OBJECTIVES</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160;II</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">DEFINITIONS</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;III</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">ADMINISTRATION OF THE PLAN</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;IV</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; text-indent: -60pt; margin-left: 60pt; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">PARTICIPANT ELIGIBILITY</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;&#160;V</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">PAYMENT TO PARTICIPANTS</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;&#160;VI</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">DETERMINATION OF ANNUAL AWARD FUND</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;&#160;VII</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">CALCULATION OF AWARD</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="line-height: 12pt;"><font style="line-height: 12pt;">&#160;</font></div>
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Table I &#8211; 2024 Incentive Compensation Award</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">&#160;&#160;&#160;VIII</div>
        </td>
        <td style="width: 60.15%; vertical-align: top;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">MISCELLANEOUS PROVISIONS</div>
        </td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top;">&#160;</td>
        <td style="width: 17.11%; vertical-align: top;">&#160;</td>
      </tr>
      <tr>
        <td style="width: 22.74%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 60.15%; vertical-align: top; border-bottom: #000000 2px solid;">
          <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">ATTACHMENT A</div>
        </td>
        <td style="width: 17.11%; vertical-align: top; border-bottom: #000000 2px solid;">&#160;</td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
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  </div>
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  </div>
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  </div>
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      </div>
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    <div class="BRPFPageBreak" style="page-break-after: always;"><br>
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    <div class="BRPFPageHeader"></div>
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  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE I</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>OBJECTIVES</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 1.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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:</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; text-indent: -25.5pt; margin-left: 49.5pt; line-height: 12pt; 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 which is
    consistent with other goals of the Company, its shareholders, and its employees,</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; text-indent: 24pt; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">(b)&#160;&#160; Motivate and reward employees who contribute to the success of the Company,</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z5361bc02b6ab406786ac603dc848f25f" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 24pt;"><br>
        </td>
        <td style="width: 24pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">Provide compensation which is competitive with other financial institutions,</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z69f66f835f5d48ad9a527897ee019a35" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 24pt;"><br>
        </td>
        <td style="width: 24pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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,</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z92491d36b33f4209b7ce782bc95fd264" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 24pt;"><br>
        </td>
        <td style="width: 24pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE II</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DEFINITIONS</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 2.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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:</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="zede8c6c49db1444490f741cfc81ae4de" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Award Period&#8221; means one Fiscal Year.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z78973a2e6ac449309ca14f4cbe04edb6" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Board&#8221; means the Board of Directors of Community Trust Bancorp, Inc.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <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 class="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 21pt">&#160;</font><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Company&#8221; means Community Trust Bancorp, Inc.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z5fe61f0d85884323a40f0d1b24af1648" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div style="font-family: 'Times New Roman', serif; font-size: 12pt;">&#8220;Compensation Committee&#8221; means the Compensation Committee of the Board of Directors.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z8205fc3317e4424cbf9c9a81c1036e08" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="zf938dbed71a94a00881d03c130e07a8b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

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

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z8355f8f6c21d4a47949e739d8ecbb343" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(g)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z5e91f5d58da84dc98d31b3a014e2288c" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(h)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z4419b28e8694463ca48a6f2d5cbb9f01" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

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

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z6f17a20ea975446292c13fc573759241" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

      <tr>
        <td style="width: 27pt;"><br>
        </td>
        <td style="width: 21pt; vertical-align: top; font-family: 'Times New Roman', serif; font-size: 12pt;">(j)</td>
        <td style="width: auto; vertical-align: top; text-align: justify;">
          <div 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.</div>
        </td>
      </tr>

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE III</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>ADMINISTRATION OF THE PLAN</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.03</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.05</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.06</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.07</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.08</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE IV</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>PARTICIPANT ELIGIBILITY</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.01</u></div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The following group shall participate in the Plan:</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z9345b7bc5cd04316a495b7319c2adf34" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

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

  </table>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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).</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.03</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE V</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>PAYMENT TO PARTICIPANTS</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VI</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DETERMINATION OF ANNUAL AWARD FUND</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> day of the year.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</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-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> In the event that either 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.04</u></div>
  <div style="text-align: justify; line-height: 12pt; 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="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"> day of the year.</font></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.05</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VII</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>CALCULATION OF AWARD</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.01</u></div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Employees will earn an award determined by EPS growth and ROAA as shown below:</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>2024 INCENTIVE COMPENSATION AWARD</u></div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u> <br>
    </u></div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><br>
    <div style="line-height: 12pt;"><br style="line-height: 12pt;">
    </div>
    <table cellspacing="0" cellpadding="0" id="ze67b66becad14ad6b73cf371f4674b4d" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

        <tr>
          <td style="width: 34.62%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="3">
            <div style="text-align: center; line-height: 12pt; 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</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of</div>
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Target Award</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" rowspan="2">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of</div>
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Salary</div>
          </td>
        </tr>
        <tr>
          <td style="width: 19.23%; vertical-align: top; background-color: #E6E6E6; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="2">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ROAA</div>
          </td>
          <td style="width: 15.38%; 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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">EPS</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.62%; vertical-align: bottom; border-top: #000000 2px solid;">&#160;</td>
          <td style="width: 9.62%; vertical-align: bottom; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.32%</div>
          </td>
          <td style="width: 15.38%; vertical-align: bottom; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.27</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">50%</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom; border-top: #000000 2px solid;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">2.00%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.62%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Base</div>
          </td>
          <td style="width: 9.62%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.36%</div>
          </td>
          <td style="width: 15.38%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.40</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">100%</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">4.00%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.62%; vertical-align: bottom;">&#160;</td>
          <td style="width: 9.62%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.40%</div>
          </td>
          <td style="width: 15.38%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.53</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">106%</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">4.25%</div>
          </td>
        </tr>
        <tr>
          <td style="width: 9.62%; vertical-align: bottom;">&#160;</td>
          <td style="width: 9.62%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">1.44%</div>
          </td>
          <td style="width: 15.38%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$4.66</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">112.5%</div>
          </td>
          <td style="width: 32.69%; vertical-align: bottom;">
            <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">4.50%</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br>
    <br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z7552be4de4ee47cabeb3c8218ad56eb9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 27pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 9pt; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, the targeted (base) ROAA is established as follows: ROAA of 1.36% and EPS of $4.40.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zb20d671be300472a9e764654ae91395b" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 27pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 9pt; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">For 2024, net income target is $79,195,000.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zbe33b46f2c78412a9890eae17b9d2c2d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 27pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 9pt; line-height: 12pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">&#8226;</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">These results are after accrual of the incentive.</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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VIII</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: center; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>MISCELLANEOUS PROVISIONS</u></div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.01</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div style="line-height: 12pt;"><br style="line-height: 12pt;">
  </div>
  <div style="text-align: justify; line-height: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.02</u></div>
  <div style="text-align: justify; line-height: 12pt; 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.</div>
  <div class="BRPFPageBreakArea" style="clear: both; margin-top: 12pt; margin-bottom: 12pt;">
    <div class="BRPFPageFooter">

      <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
      </div>
    </div>
    <div class="BRPFPageBreak" style="page-break-after: always;"><br>
    </div>
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  <div style="text-align: right; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ATTACHMENT A</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: center; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>NOTICE OF PARTICIPATION</u></div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 24pt; 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 2024 Plan Year for Community Trust Bancorp, Inc. Incentive Compensation Plan, such participant being subject to all of the terms and conditions of said Plan.</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">By:&#160; ___________________________________</div>
  <div style="line-height: 24pt;"><br style="line-height: 24pt;">
  </div>
  <div style="text-align: justify; line-height: 24pt; font-family: 'Times New Roman', serif; font-size: 12pt;">Dated:&#160; ____________________</div>
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<DOCUMENT>
<TYPE>EX-10.21
<SEQUENCE>5
<FILENAME>ctbi2024exec_dir8kex10-21.htm
<DESCRIPTION>CTBI EXECUTIVES AND DIRECTORS 8-K EXHIBIT 10.21
<TEXT>
<html>
  <head>
    <title></title>
    <!-- Licensed to: Community Trust Bancorp, Inc.
         Document created using Broadridge PROfile 23.12.1.5186
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  <div style="font-weight: bold;">Exhibit 10.21</div>
  <div style="line-height: 15.95pt;"><br style="line-height: 15.95pt;">
  </div>
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  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">COMMUNITY TRUST BANCORP, INC.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">2024 EXECUTIVE COMMITTEE</div>
  <div style="text-align: center; text-indent: -108pt; margin-left: 108pt; line-height: 15.95pt; font-family: 'Times New Roman', serif; font-size: 14pt; font-weight: bold;">LONG-TERM INCENTIVE COMPENSATION PLAN</div>
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  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE I</div>
  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>OBJECTIVES</u></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 1.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">The 2024 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:</div>
  <div>
    <table cellspacing="0" cellpadding="0" id="za4729dc44eea41bfb7a47d714abbbefd" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 12.1pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.8pt; margin-top: 12.1pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.8pt; margin-top: 12.1pt; color: #000000; 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 Community Trust Bancorp, Inc., its stockholders, and its employees;</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zea3ddc6320f54c82bd9b47856f246488" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(b)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Provide executive compensation which is competitive with other financial institutions;</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zbbff371807c9437da2809b1f9e7f4211" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.7pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(c)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; 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; and</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zcbf8f71166d54d5e9fce0114bcb262f4" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 36pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Motivate and reward members of the Executive Committee for their contribution to the long-term
              success of Community Trust Bancorp, Inc.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE II</div>
  <div style="text-align: center; line-height: 13.7pt; margin-top: 11.95pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DEFINITIONS</u></div>
  <div style="text-align: left; line-height: 13.65pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 2.01</u></div>
  <div style="text-align: left; margin-right: 36pt; line-height: 13.7pt; color: #000000; 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:</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z849cbae50b974220ad73391be152d053" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.8pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(a)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.8pt; color: #000000; 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 Long-Term Incentive
                Plan&#8221; or &#8220;Plan&#8221; </font>means the 2024 Executive Committee Long-Term Incentive Compensation Plan set forth in this document and all amendments thereto.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z3219ecf142b24e96afacb904a6ce1153" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.95pt; width: 100%; text-align: left; color: #000000;">

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

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z84841e64983047d7a3df89c356be5300" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.6pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.6pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(c)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.6pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zc422e8c2cc05413483786b9f4a406371" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.7pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.8pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(d)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.8pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#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, 2024, computed in accordance with generally accepted accounting principles, and giving effect to the accrual
              for payment of all incentive compensation.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="za6218c7933e64683ad583381a137921d" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.95pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.75pt; margin-top: 13.95pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(e)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.75pt; margin-top: 13.95pt; color: #000000; 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&#8221;
              </font>means Community Trust Bancorp, Inc. and its subsidiaries.</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" id="za8479327807349519e6560e4aa3d34c9" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 1.25pt; width: 100%; text-align: left; color: #000000;">

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

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z28aeac37b78b4aa2b41e0681550678a5" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(g)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z590424d5bc2348ca9b1b903fe3644bf1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.7pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(h)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">&#8220;Effective
                Date&#8221; </font>means January 1, 2024, the date on which the Plan becomes effective.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
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        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(i)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z1ea7c60a885e4d1dae54a996c4787149" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.7pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(j)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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, 2024.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="zab3000e872f249ef99cb6e74342021a1" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(k)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z219205e6faa34b2e8d0421ee87837782" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(l)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">&#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, 2024.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z7a2d8c8d8cdb40b5abb548f44c9b4a79" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">(m)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z6cf6d42107ec4207bf02bee6497c4533" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.7pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(n)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.9pt; margin-top: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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.</div>
          </td>
        </tr>

    </table>
  </div>
  <div>
    <table cellspacing="0" cellpadding="0" id="z57f68cc7fd1643aa82ddabfc0fd8a319" class="DSPFListTable" style="font-family: 'Times New Roman', Times, serif; font-size: 12pt; margin-top: 13.9pt; width: 100%; text-align: left; color: #000000;">

        <tr>
          <td style="width: 54pt; vertical-align: top; text-align: right;">
            <div style="text-align: left; margin-left: 18pt; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-style: italic;">(o)</div>
          </td>
          <td style="width: auto; vertical-align: top;">
            <div style="text-align: justify; line-height: 13.7pt; margin-top: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><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 2024.</div>
          </td>
        </tr>

    </table>
  </div>
  <div style="text-align: center; line-height: 13.65pt; margin-top: 14.1pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE III</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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>ADMINISTRATION OF THE PLAN</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.02</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.03</u></div>
  <div style="text-align: justify; line-height: 13.65pt; margin-top: 0.25pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.04</u></div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; 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. 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.05</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.06</u></div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">All costs and expenses involved in the administration of the Plan shall be paid by the Company.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.07</u></div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 3.08</u></div>
  <div style="text-align: justify; line-height: 13.7pt; color: #000000; 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. 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE IV</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>PARTICIPANT ELIGIBILITY</u></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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, 2024 excluding any Committee Member
    who has previously announced their retirement effective within the performance period.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.02</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.03</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.04</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 4.05</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE V</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>PAYMENTS TO PARTICIPANTS</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 5.02</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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).</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VI</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>DETERMINATION OF TARGET AWARD FUND FOR PERFORMANCE UNITS</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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 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 2024 calendar year.</div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE I</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>TARGET AWARD FUND</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z4c14d8a8f9664913acd42bac73c60614" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 24.9%; vertical-align: bottom; 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: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">PARTICIPANTS</div>
        </td>
        <td style="width: 24.86%; vertical-align: bottom; 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: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">SALARIES</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 style="width: 24.86%; vertical-align: bottom; 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: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">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</div>
        </td>
        <td style="width: 25.37%; vertical-align: bottom; 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: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">TARGET AWARD<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
            </font>FUND</div>
        </td>
      </tr>
      <tr>
        <td style="width: 24.9%; 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-family: 'Times New Roman', serif; font-size: 12pt;">CTBI CEO</div>
        </td>
        <td style="width: 24.86%; 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-family: 'Times New Roman', serif; font-size: 12pt;">$</div>
        </td>
        <td style="width: 24.86%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">X 40%</div>
        </td>
        <td style="width: 25.37%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$</div>
        </td>
      </tr>
      <tr>
        <td style="width: 24.9%; 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-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</div>
        </td>
        <td style="width: 24.86%; 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-family: 'Times New Roman', serif; font-size: 12pt;">$</div>
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">(aggregate salaries)*</div>
        </td>
        <td style="width: 24.86%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">X 20%</div>
        </td>
        <td style="width: 25.37%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">
          <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;">$</div>
        </td>
      </tr>

  </table>
  <div style="text-align: justify; margin-right: 7.2pt; margin-left: 3.6pt; line-height: 12pt; margin-top: 0.85pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">*<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></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.02</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 6.03</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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.&#160; <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="font-weight: bold; vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup><font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">) day of the 2024 calendar 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-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VII</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>CALCULATION OF PERFORMANCE UNIT PAYMENTS</u></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: justify; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 7.01</u></div>
  <div style="text-align: justify; line-height: 13.7pt; 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:</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">TABLE II</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>2024 PERFORMANCE GOALS</u></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" id="z10befd2446ff4729a4ff0bbc49ae2ab5" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 37.55%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CUMULATIVE NET<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
            </font>INCOME</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Award as a % of<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><br>
            </font>Target Award</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">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</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">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</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">90% of Target Cumulative Net Income (<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Minimum</font>)</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">25%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">10.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">5.0%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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; margin-right: 3.6pt; line-height: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">93% of Target Cumulative</div>
          <div style="text-align: left; margin-right: 3.6pt; line-height: 13.4pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Net Income</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">50%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">20.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">10.0%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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; margin-right: 3.6pt; line-height: 13.75pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">96% of Target Cumulative</div>
          <div style="text-align: left; margin-right: 3.6pt; line-height: 13.15pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Net Income</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">75%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">30.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">15.0%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Target Cumulative Net Income (Per Schedule 1)</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">100%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">40.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">20.0%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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: 13.65pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">103% of Target Cumulative Net Income</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">120%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">48.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">24.0%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">107% of Target Cumulative Net Income</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">135%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">54.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">27.0%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 37.55%; 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: 13.9pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">110.0% of Target Cumulative Net Income (<font style="font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">Maximum</font>)</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">150%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">60.0%</div>
        </td>
        <td style="width: 20.82%; vertical-align: bottom; 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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">30.0%</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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">ARTICLE VIII</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; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>MISCELLANEOUS PROVISIONS</u></div>
  <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.01</u></div>
  <div style="text-align: left; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.02</u></div>
  <div style="text-align: left; line-height: 13.7pt; 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.</div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: left; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Section 8.03</u></div>
  <div style="text-align: left; line-height: 13.7pt; 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.</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 class="BRPFPageBreakArea" style="clear: both; margin-top: 12pt; margin-bottom: 12pt;">
    <div class="BRPFPageFooter">

      <div style="line-height: 12.55pt;"><br style="line-height: 12.55pt;">
      </div>
    </div>
    <div class="BRPFPageBreak" style="page-break-after: always;"><br>
    </div>
    <div class="BRPFPageHeader"></div>
  </div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">SCHEDULE A</div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">2024 Plan</div>
  <div style="text-align: center; line-height: 13.7pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;"><u>CUMULATIVE NET INCOME TARGETS</u></div>
  <div style="line-height: 13.7pt;"><br style="line-height: 13.7pt;">
  </div>
  <table cellspacing="0" cellpadding="0" id="z3793d7f6733f412ca9da24751e185452" style="font-family: 'Times New Roman', Times, serif; font-size: 11pt; width: 100%; border-collapse: collapse; text-align: left; color: #000000;">

      <tr>
        <td style="width: 56.01%; vertical-align: middle; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;" colspan="2">
          <div style="text-align: center; line-height: 13.15pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">CUMULATIVE NET INCOME TARGETS</div>
        </td>
        <td style="width: 43.99%; 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: 13.15pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">% OF UNITS EARNED</div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.08%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$225 Million</div>
        </td>
        <td style="width: 43.99%; 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; margin-right: 6pt; line-height: 13.85pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">25%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.08%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$232 Million</div>
        </td>
        <td style="width: 43.99%; 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; margin-right: 6pt; line-height: 14.1pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">50%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.08%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$240 Million</div>
        </td>
        <td style="width: 43.99%; 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; margin-right: 6pt; line-height: 14.1pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">75%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.08%; 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; margin-right: 5.3pt; line-height: 14.1pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">Target</div>
        </td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$250 Million</div>
        </td>
        <td style="width: 43.99%; 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; margin-right: 6pt; line-height: 14.1pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">100%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.08%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$257 Million</div>
        </td>
        <td style="width: 43.99%; 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; margin-right: 6pt; line-height: 14.15pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">120%</div>
        </td>
      </tr>
      <tr>
        <td style="width: 11.08%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$267 Million</div>
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          <div style="text-align: center; margin-right: 6pt; line-height: 13.65pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">135%</div>
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        <td style="width: 11.08%; vertical-align: top; border-left: #000000 2px solid; border-right: #000000 2px solid; border-top: #000000 2px solid; border-bottom: #000000 2px solid;">&#160;</td>
        <td style="width: 44.93%; vertical-align: bottom; 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: 13.7pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">$275 Million</div>
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        <td style="width: 43.99%; 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; margin-right: 6pt; line-height: 14.15pt; color: #000000; font-family: 'Times New Roman', serif; font-size: 12pt;">150%</div>
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<DOCUMENT>
<TYPE>EX-101.SCH
<SEQUENCE>6
<FILENAME>ctbi-20240123.xsd
<DESCRIPTION>XBRL TAXONOMY EXTENSION SCHEMA
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by Broadridge PROfile 23.12.1.5186 Broadridge-->
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  <xs:import namespace="http://xbrl.sec.gov/naics/2023" schemaLocation="https://xbrl.sec.gov/naics/2023/naics-2023.xsd" />
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  <xs:import namespace="http://xbrl.sec.gov/stpr/2023" schemaLocation="https://xbrl.sec.gov/stpr/2023/stpr-2023.xsd" />
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<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>7
<FILENAME>ctbi-20240123_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABEL LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by Broadridge PROfile 23.12.1.5186 Broadridge-->
<link:linkbase xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xbrli="http://www.xbrl.org/2003/instance">
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementTenderOffer_lbl" xml:lang="en-US" id="dei_PreCommencementTenderOffer_lbl">Pre-commencement Tender Offer</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:label xlink:type="resource" xlink:label="dei_PreCommencementIssuerTenderOffer_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_PreCommencementIssuerTenderOffer_lbl" xml:lang="en-US" id="dei_PreCommencementIssuerTenderOffer_lbl">Pre-commencement Issuer Tender Offer</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="PreCommencementIssuerTenderOffer" xlink:to="dei_PreCommencementIssuerTenderOffer_lbl" xlink:title="label: PreCommencementIssuerTenderOffer to dei_PreCommencementIssuerTenderOffer_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_AmendmentFlag" xlink:label="AmendmentFlag" xlink:title="AmendmentFlag" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_DocumentFiscalYearFocus" xlink:label="DocumentFiscalYearFocus" xlink:title="DocumentFiscalYearFocus" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityRegistrantName" xlink:label="EntityRegistrantName" xlink:title="EntityRegistrantName" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityCentralIndexKey" xlink:label="EntityCentralIndexKey" xlink:title="EntityCentralIndexKey" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityFileNumber" xlink:label="EntityFileNumber" xlink:title="EntityFileNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityFileNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityFileNumber_lbl" xml:lang="en-US" id="dei_EntityFileNumber_lbl">Entity File Number</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityTaxIdentificationNumber" xlink:label="EntityTaxIdentificationNumber" xlink:title="EntityTaxIdentificationNumber" />
    <link:label xlink:type="resource" xlink:label="dei_EntityTaxIdentificationNumber_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityTaxIdentificationNumber_lbl" xml:lang="en-US" id="dei_EntityTaxIdentificationNumber_lbl">Entity Tax Identification Number</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="EntityIncorporationStateCountryCode" xlink:title="EntityIncorporationStateCountryCode" />
    <link:label xlink:type="resource" xlink:label="dei_EntityIncorporationStateCountryCode_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityIncorporationStateCountryCode_lbl" xml:lang="en-US" id="dei_EntityIncorporationStateCountryCode_lbl">Entity Incorporation, State or Country Code</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityEmergingGrowthCompany" xlink:label="EntityEmergingGrowthCompany" xlink:title="EntityEmergingGrowthCompany" />
    <link:label xlink:type="resource" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US" id="dei_EntityEmergingGrowthCompany_lbl">Entity Emerging Growth Company</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine1" xlink:label="EntityAddressAddressLine1" xlink:title="EntityAddressAddressLine1" />
    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine1_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine1_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine1_lbl">Entity Address, Address Line One</link:label>
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    <link:label xlink:type="resource" xlink:label="dei_EntityAddressAddressLine2_lbl" xlink:role="http://www.xbrl.org/2003/role/label" xlink:title="dei_EntityAddressAddressLine2_lbl" xml:lang="en-US" id="dei_EntityAddressAddressLine2_lbl">Entity Address, Address Line Two</link:label>
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="EntityAddressAddressLine2" xlink:to="dei_EntityAddressAddressLine2_lbl" xlink:title="label: EntityAddressAddressLine2 to dei_EntityAddressAddressLine2_lbl" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_EntityAddressAddressLine3" xlink:label="EntityAddressAddressLine3" xlink:title="EntityAddressAddressLine3" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_Security12bTitle" xlink:label="Security12bTitle" xlink:title="Security12bTitle" />
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  </link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>8
<FILENAME>ctbi-20240123_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE
<TEXT>
<XBRL>
<?xml version="1.0" encoding="us-ascii"?>
<!--Generated by Broadridge PROfile 23.12.1.5186 Broadridge-->
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_WrittenCommunications" xlink:label="WrittenCommunications" xlink:title="WrittenCommunications" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_SolicitingMaterial" xlink:label="SolicitingMaterial" xlink:title="SolicitingMaterial" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="SolicitingMaterial" xlink:title="presentation: CoverAbstract to SolicitingMaterial" order="25.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementTenderOffer" xlink:label="PreCommencementTenderOffer" xlink:title="PreCommencementTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="PreCommencementTenderOffer" xlink:title="presentation: CoverAbstract to PreCommencementTenderOffer" order="26.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2023/dei-2023.xsd#dei_PreCommencementIssuerTenderOffer" xlink:label="PreCommencementIssuerTenderOffer" xlink:title="PreCommencementIssuerTenderOffer" />
    <link:presentationArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/parent-child" xlink:from="CoverAbstract" xlink:to="PreCommencementIssuerTenderOffer" xlink:title="presentation: CoverAbstract to PreCommencementIssuerTenderOffer" order="27.0" preferredLabel="http://www.xbrl.org/2003/role/label" />
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</link:linkbase>
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<DOCUMENT>
<TYPE>XML
<SEQUENCE>9
<FILENAME>R1.htm
<DESCRIPTION>IDEA: XBRL DOCUMENT
<TEXT>
<html>
<head>
<title></title>
<link rel="stylesheet" type="text/css" href="include/report.css">
<script type="text/javascript" src="Show.js">/* Do Not Remove This Comment */</script><script type="text/javascript">
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<span style="display: none;">v3.23.4</span><table class="report" border="0" cellspacing="2" id="idm139784249451568">
<tr>
<th class="tl" colspan="1" rowspan="1"><div style="width: 200px;"><strong>Document and Entity Information<br></strong></div></th>
<th class="th"><div>Jan. 23, 2024</div></th>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CoverAbstract', window );"><strong>Cover [Abstract]</strong></a></td>
<td class="text">&#160;<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentType', window );">Document Type</a></td>
<td class="text">8-K<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_AmendmentFlag', window );">Amendment Flag</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_DocumentPeriodEndDate', window );">Document Period End Date</a></td>
<td class="text">Jan. 23,  2024<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityFileNumber', window );">Entity File Number</a></td>
<td class="text">001-31220<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityRegistrantName', window );">Entity Registrant Name</a></td>
<td class="text">Community Trust Bancorp, Inc.<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityCentralIndexKey', window );">Entity Central Index Key</a></td>
<td class="text">0000350852<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityIncorporationStateCountryCode', window );">Entity Incorporation, State or Country Code</a></td>
<td class="text">KY<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityTaxIdentificationNumber', window );">Entity Tax Identification Number</a></td>
<td class="text">61-0979818<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine1', window );">Entity Address, Address Line One</a></td>
<td class="text">P.O. Box 2947<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressAddressLine2', window );">Entity Address, Address Line Two</a></td>
<td class="text">346 North Mayo Trail<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressCityOrTown', window );">Entity Address, City or Town</a></td>
<td class="text">Pikeville<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressStateOrProvince', window );">Entity Address, State or Province</a></td>
<td class="text">KY<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityAddressPostalZipCode', window );">Entity Address, Postal Zip Code</a></td>
<td class="text">41502<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_CityAreaCode', window );">City Area Code</a></td>
<td class="text">606<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_LocalPhoneNumber', window );">Local Phone Number</a></td>
<td class="text">432-1414<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_Security12bTitle', window );">Title of 12(b) Security</a></td>
<td class="text">Common Stock<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_TradingSymbol', window );">Trading Symbol</a></td>
<td class="text">CTBI<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SecurityExchangeName', window );">Security Exchange Name</a></td>
<td class="text">NASDAQ<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_EntityEmergingGrowthCompany', window );">Entity Emerging Growth Company</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_WrittenCommunications', window );">Written Communications</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_SolicitingMaterial', window );">Soliciting Material</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="re">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementTenderOffer', window );">Pre-commencement Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
<tr class="ro">
<td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="Show.showAR( this, 'defref_dei_PreCommencementIssuerTenderOffer', window );">Pre-commencement Issuer Tender Offer</a></td>
<td class="text">false<span></span>
</td>
</tr>
</table>
<div style="display: none;">
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_AmendmentFlag">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_AmendmentFlag</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CityAreaCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Area code of city</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CityAreaCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_CoverAbstract">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Cover page.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_CoverAbstract</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:stringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period.  The format of the date is YYYY-MM-DD.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentPeriodEndDate</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:dateItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_DocumentType</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:submissionTypeItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine1">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 1 such as Attn, Building Name, Street Name</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine1</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressAddressLine2">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Address Line 2 such as Street or Suite number</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressAddressLine2</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressCityOrTown">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the City or Town</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressCityOrTown</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressPostalZipCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Code for the postal or zip code</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressPostalZipCode</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:normalizedStringItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
</div></td></tr>
</table>
<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityAddressStateOrProvince">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the state or province.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityAddressStateOrProvince</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:stateOrProvinceItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityCentralIndexKey</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td><strong> Data Type:</strong></td>
<td>dei:centralIndexKeyItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityEmergingGrowthCompany">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Indicate if registrant meets the emerging growth company criteria.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityEmergingGrowthCompany</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>xbrli:booleanItemType</td>
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<td><strong> Balance Type:</strong></td>
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<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFileNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityFileNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<td>dei:fileNumberItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
</tr>
</table></div>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityIncorporationStateCountryCode">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Two-character EDGAR code representing the state or country of incorporation.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityIncorporationStateCountryCode</td>
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<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Balance Type:</strong></td>
<td>na</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityRegistrantName</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
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<td>xbrli:normalizedStringItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityTaxIdentificationNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b-2<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_EntityTaxIdentificationNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>dei:employerIdItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_LocalPhoneNumber">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Local phone number for entity.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_LocalPhoneNumber</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<td><strong> Data Type:</strong></td>
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<tr>
<td><strong> Balance Type:</strong></td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementIssuerTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 13e<br> -Subsection 4c<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementIssuerTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
</tr>
<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
</tr>
<tr>
<td><strong> Period Type:</strong></td>
<td>duration</td>
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</table></div>
</div></td></tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_PreCommencementTenderOffer">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 14d<br> -Subsection 2b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_PreCommencementTenderOffer</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
</tr>
<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_Security12bTitle">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Title of a 12(b) registered security.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection b<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_Security12bTitle</td>
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<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
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<tr>
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</tr>
<tr>
<td><strong> Balance Type:</strong></td>
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<tr>
<td><strong> Period Type:</strong></td>
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</tr>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SecurityExchangeName">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Name of the Exchange on which a security is registered.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Number 240<br> -Section 12<br> -Subsection d1-1<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SecurityExchangeName</td>
</tr>
<tr>
<td style="padding-right: 4px;white-space:nowrap;"><strong> Namespace Prefix:</strong></td>
<td>dei_</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
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<td>duration</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_SolicitingMaterial">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
<tr><td><div class="body" style="padding: 2px;">
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Exchange Act<br> -Section 14a<br> -Number 240<br> -Subsection 12<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_SolicitingMaterial</td>
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<td><strong> Balance Type:</strong></td>
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<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Trading symbol of an instrument as listed on an exchange.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>No definition available.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_TradingSymbol</td>
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<table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_WrittenCommunications">
<tr><td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="Show.hideAR();">X</a></td></tr>
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<a href="javascript:void(0);" onclick="Show.toggleNext( this );">- Definition</a><div><p>Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.</p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ References</a><div style="display: none;"><p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br> -Publisher SEC<br> -Name Securities Act<br> -Number 230<br> -Section 425<br></p></div>
<a href="javascript:void(0);" onclick="Show.toggleNext( this );">+ Details</a><div style="display: none;"><table border="0" cellpadding="0" cellspacing="0">
<tr>
<td><strong> Name:</strong></td>
<td style="white-space:nowrap;">dei_WrittenCommunications</td>
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<td><strong> Data Type:</strong></td>
<td>xbrli:booleanItemType</td>
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<tr>
<td><strong> Balance Type:</strong></td>
<td>na</td>
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<tr>
<td><strong> Period Type:</strong></td>
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    <dei:EntityRegistrantName
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    <dei:EntityAddressAddressLine2
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<DOCUMENT>
<TYPE>EXCEL
<SEQUENCE>11
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
