<SEC-DOCUMENT>0001171200-11-000376.txt : 20110502
<SEC-HEADER>0001171200-11-000376.hdr.sgml : 20110502
<ACCEPTANCE-DATETIME>20110502150159
ACCESSION NUMBER:		0001171200-11-000376
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20110426
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
FILED AS OF DATE:		20110502
DATE AS OF CHANGE:		20110502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CAPITAL CITY BANK GROUP INC
		CENTRAL INDEX KEY:			0000726601
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				592273542
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-13358
		FILM NUMBER:		11800053

	BUSINESS ADDRESS:	
		STREET 1:		217 N MONROE ST
		CITY:			TALLAHASSEE
		STATE:			FL
		ZIP:			32301
		BUSINESS PHONE:		8506710300

	MAIL ADDRESS:	
		STREET 1:		PO BOX 11248
		CITY:			TALLAHASSEE
		STATE:			FL
		ZIP:			32302-3248
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>i00216_ccbg-8k.htm
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        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b>UNITED STATES</b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">WASHINGTON, DC 20549</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt"><b><font size="2">____________________</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt"><b><font size="3">FORM 8-K</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">CURRENT REPORT</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">Pursuant to Section 13 or 15(d) of the</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 42pt"><b><font size="2">Securities Exchange Act of 1934</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 42pt"><b><font size="2">Date of Report (Date of earliest event reported): </font></b><u><font size="2">April 26, 2011</font></u></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><u><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></u></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt"><font size="2">(Exact name of registrant as specified in its charter)</font></p>

        <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <div style="BORDER-BOTTOM: black 1pt solid">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Florida</font></p>
                    </div>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <div style="BORDER-BOTTOM: black 1pt solid">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">0-13358</font></p>
                    </div>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <div style="BORDER-BOTTOM: black 1pt solid">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">59-2273542</font></p>
                    </div>
                </td>
            </tr>

            <tr>
                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">(State of Incorporation)</font></p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">(Commission File Number)</font></p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">(IRS Employer Identification No.)</font></p>
                </td>
            </tr>

            <tr>
                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top" colspan="3">
                    <div style="BORDER-BOTTOM: black 1pt solid">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0.25in; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in"><font size="2">217 North Monroe Street, Tallahassee, Florida</font></p>
                    </div>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <div style="BORDER-BOTTOM: black 1pt solid">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0.25in; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0in"><font size="2">32301</font></p>
                    </div>
                </td>
            </tr>

            <tr>
                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top" colspan="3">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt"><font size="2">(Address of principal executive offices)</font></p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                </td>

                <td style="PADDING-BOTTOM: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0pt"><font size="2">(Zip Code)</font></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 12pt; MARGIN-BOTTOM: 12pt"><font size="2">Registrant's telephone number, including area code: </font><u><font size="2">(850) 671-0300</font></u></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">___________________________________________________</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt"><font size="2">(Former Name or Former Address, if Changed Since Last Report)</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt"><font size="2">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 (see General Instruction A.2. below):</font></p>

        <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"><font size="2"><font face="Wingdings">o</font></font></td>

                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top"><font size="2">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></td>
            </tr>

            <tr>
                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48">
                    <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2" face="Wingdings">o</font></p>
                </td>

                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></p>
                </td>
            </tr>
        </table>

        <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48">
                    <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2" face="Wingdings">o</font></p>
                </td>

                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>
                </td>
            </tr>
        </table>

        <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48">
                    <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2" face="Wingdings">o</font></p>
                </td>

                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>
                </td>
            </tr>
        </table>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt"><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">FORM 8-K</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt"><b><font size="2">CURRENT REPORT</font></b></p>

        <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="8%" nowrap>
                    <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Item 5.02.</font></b></p>
                </td>

                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></b></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.25in; MARGIN-BOTTOM: 12pt"><b><font size="2">(e)</font></b></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.25in; MARGIN-BOTTOM: 12pt"><font size="2">The Annual Meeting of Shareowners (the &ldquo;Annual Meeting&rdquo;) of Capital City Bank Group, Inc. (the &ldquo;Company&rdquo;) was held on April 26, 2011. At the Annual Meeting, the Shareowners approved the 2011 Director Stock Purchase Plan, the 2011 Associate Stock Purchase Plan, and the 2011 Associate Incentive Plan (each, a &ldquo;Plan&rdquo; and collectively, the
        &ldquo;Plans&rdquo;). Each Plan was previously approved by the Board of Directors of the Company. Summaries of the material terms of the Plans are included under the headings &ldquo;Proposal No. 4 &ndash; Vote on the Adoption of the 2011 Director Stock Purchase Plan,&rdquo; &ldquo;Proposal No. 5 &ndash; Vote on the Adoption of the 2011 Associate Stock Purchase Plan,&rdquo; and &ldquo;Proposal 6 &ndash; Vote on the Adoption of the 2011 Associate Incentive Plan&rdquo; of the
        Company&rsquo;s 2011 Proxy Statement which was filed with the Securities and Exchange Commission on March 7, 2011, and are incorporated by reference herein. The Plan summaries are qualified in their entirety by reference to the text of the Plans, which are filed as exhibits to this Form 8-K and incorporated herein by reference.</font></p>

        <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
            <tr>
                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="8%" nowrap>
                    <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Item 5.07.</font></b></p>
                </td>

                <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top">
                    <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Submission of Matters to a Vote of Security Holders.</font></b></p>
                </td>
            </tr>
        </table>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.25in; MARGIN-BOTTOM: 0pt"><font size="2">Proxies for the Annual Meeting held on April 26, 2011were solicited pursuant to Regulation 14A under the Securities Exchange Act of 1934, and there was no solicitation in opposition to management&rsquo;s solicitations. The following summarizes all matters voted on at the Annual Meeting.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">1.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">The following directors were elected for a term to expire at the 2014 annual meeting and until their successors are elected and qualified. Each nominee was an incumbent director, no other person was nominated, and each nominee was elected. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="181">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="bottom" width="145">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">For</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="bottom" width="151">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Withheld</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="bottom" width="148">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Broker Non-Votes</font></b></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="181">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Thomas A. Barron</font></p>
                    </td>

                    <td valign="top" width="145">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">12,957,494</font></p>
                    </td>

                    <td valign="top" width="151">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5.25pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">67,315</font></p>
                    </td>

                    <td valign="top" width="148">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">1,861,738</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" width="181">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">J. Everitt Drew</font></p>
                    </td>

                    <td valign="top" width="145">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">12,448,342</font></p>
                    </td>

                    <td valign="top" width="151">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">576,467</font></p>
                    </td>

                    <td valign="top" width="148">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">1,861,738</font></p>
                    </td>
                </tr>

                <tr style="HEIGHT: 3.65pt">
                    <td style="HEIGHT: 3.65pt" valign="top" width="181">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Lina S. Knox</font></p>
                    </td>

                    <td style="HEIGHT: 3.65pt" valign="top" width="145">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">12,084,414</font></p>
                    </td>

                    <td style="HEIGHT: 3.65pt" valign="top" width="151">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">940,395</font></p>
                    </td>

                    <td style="HEIGHT: 3.65pt" valign="top" width="148">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">1,861,738</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Shareowners approved, on a nonbinding advisory basis, executive compensation. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="157">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">For</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Against</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Abstention</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="156">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Broker Non-Votes </font></b></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" align="center"><font size="2">12,935,827</font></td>

                    <td valign="top" align="center"><font size="2">83,279</font></td>

                    <td valign="top" align="center"><font size="2">5,703</font></td>

                    <td valign="top" align="center"><font size="2">1,861,738</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">3.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Shareowners recommended, on a nonbinding advisory basis, holding a nonbinding advisory vote every three years. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in">&nbsp;</p>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="126">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">1 Year</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="124">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">2 Years</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="124">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">3 Years</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="112">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Abstain </font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="138">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Broker-Non-Votes</font></b></p>
                    </td>
                </tr>

                <tr align="center">
                    <td valign="top"><font size="2">4,732,579</font></td>

                    <td valign="top"><font size="2">358,713</font></td>

                    <td valign="top"><font size="2">7,921,025</font></td>

                    <td valign="top"><font size="2">12,492</font></td>

                    <td valign="top"><font size="2">1,861,738</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Consistent with the Board of Director&rsquo;s and Shareowners&rsquo; recommendations, the Company will hold a shareowner advisory vote on executive compensation every three years.</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">4.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Shareowners adopted the 2011 Director Stock Purchase Plan. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in">&nbsp;</p>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="157">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">For</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Against</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Abstention</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="156">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Broker Non-Votes </font></b></p>
                    </td>
                </tr>

                <tr align="center">
                    <td valign="top"><font size="2">12,888,602</font></td>

                    <td valign="top"><font size="2">130,305</font></td>

                    <td valign="top"><font size="2">5,902</font></td>

                    <td valign="top"><font size="2">1,861,738</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">5.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Shareowners adopted the 2011 Associate Stock Purchase Plan. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in">&nbsp;</p>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="157">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">For</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Against</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Abstention</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="156">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Broker Non-Votes </font></b></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" align="center"><font size="2">12,955,191</font></td>

                    <td valign="top" align="center"><font size="2">63,817</font></td>

                    <td valign="top" align="center"><font size="2">5,801</font></td>

                    <td valign="top" align="center"><font size="2">1,861,738</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">6.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Shareowners adopted the 2011 Associate Incentive Plan. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="157">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">For</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Against</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Abstention</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="156">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Broker Non-Votes </font></b></p>
                    </td>
                </tr>

                <tr align="center">
                    <td valign="top"><font size="2">11,235,998</font></td>

                    <td valign="top"><font size="2">1,782,669</font></td>

                    <td valign="top"><font size="2">6,142</font></td>

                    <td valign="top"><font size="2">1,861,738</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="top" width="24">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">7.</font></p>
                    </td>

                    <td valign="top">
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Shareowners ratified the action of the Audit Committee in selecting and appointing Ernst &amp; Young, LLP as the Company&rsquo;s independent auditors for the fiscal year ending December 31, 2011. The number of votes cast were as follows:</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.5in">&nbsp;</p>

        <div align="center">
            <table border="0" cellspacing="0" cellpadding="0" width="624">
                <tr>
                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="157">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">For</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Against</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="155">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">Abstention</font></b></p>
                    </td>

                    <td style="BORDER-BOTTOM: black 1.5pt solid" valign="top" width="156">
                        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>
                </tr>

                <tr align="center">
                    <td valign="top"><font size="2">14,815,456</font></td>

                    <td valign="top"><font size="2">70,417</font></td>

                    <td valign="top"><font size="2">674</font></td>

                    <td valign="top">&nbsp;</td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">Item 9.01 Financial Statement and Exhibits.</font></b></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="173">
                <tr>
                    <td valign="top" width="48" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="48" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><b><font size="2">(d)</font></b></p>
                    </td>

                    <td valign="top" width="77" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><i><b><font size="2">Exhibits</font></b></i><b><font size="2">.</font></b></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="307">
                <tr>
                    <td valign="top" width="48" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="96" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><u><font size="2">Item No.</font></u></p>
                    </td>

                    <td valign="top" width="163" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><u><font size="2">Description of Exhibit</font></u></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="396">
                <tr>
                    <td valign="top" width="72" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="72" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">10.1</font></p>
                    </td>

                    <td valign="top" width="252" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2011 Associate Stock Purchase Plan</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="387">
                <tr>
                    <td valign="top" width="72" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="72" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">10.2</font></p>
                    </td>

                    <td valign="top" width="243" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2011 Director Stock Purchase Plan</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="357">
                <tr>
                    <td valign="top" width="72" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="72" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">10.3</font></p>
                    </td>

                    <td valign="top" width="213" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2011 Associate Incentive Plan</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt"><b><font size="2">SIGNATURES</font></b></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="100%">
                <tr>
                    <td valign="bottom" nowrap>&nbsp;</td>

                    <td valign="bottom" colspan="2" nowrap><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></td>
                </tr>

                <tr>
                    <td valign="bottom" nowrap>&nbsp;</td>

                    <td valign="bottom" colspan="2" nowrap>&nbsp;</td>
                </tr>

                <tr>
                    <td valign="bottom" nowrap><font size="2">Date: <u><font size="2">May 2, 2011</font></u></font></td>

                    <td valign="bottom" width="5%" nowrap><font size="2">By:</font></td>

                    <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" nowrap><font size="2">/s/ J. Kimbrough Davis</font></td>
                </tr>

                <tr>
                    <td valign="bottom" width="50%" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="bottom" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="bottom" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0in; MARGIN-LEFT: 0pt"><font size="2">J. Kimbrough Davis,</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="bottom" nowrap>&nbsp;</td>

                    <td valign="bottom" nowrap>&nbsp;</td>

                    <td valign="bottom" nowrap><font size="2">Executive Vice President</font></td>
                </tr>

                <tr>
                    <td valign="bottom" nowrap>&nbsp;</td>

                    <td valign="bottom" nowrap>&nbsp;</td>

                    <td valign="bottom" nowrap><font size="2">and Chief Financial Officer</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">EXHIBIT INDEX</font></b></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="400">
                <tr>
                    <td valign="top" width="96" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><u><font size="2">Item No.</font></u></p>
                    </td>

                    <td valign="top" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><u><font size="2">Description of Exhibit</font></u></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="400">
                <tr>
                    <td valign="top" width="12" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="84" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">10.1</font></p>
                    </td>

                    <td valign="top" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2011 Associate Stock Purchase Plan</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="400">
                <tr>
                    <td valign="top" width="12" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="84" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">10.2</font></p>
                    </td>

                    <td valign="top" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2011 Director Stock Purchase Plan</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="400">
                <tr>
                    <td valign="top" width="12" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt">&nbsp;</p>
                    </td>

                    <td valign="top" width="84" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">10.3</font></p>
                    </td>

                    <td valign="top" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">2011 Associate Incentive Plan</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>
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<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>i00216_ex10-1.htm
<TEXT>
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        <p style="TEXT-ALIGN: right; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">Exhibit 10.1</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">2011 ASSOCIATE STOCK PURCHASE PLAN</font></b></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Purpose</font></u><font size="2">. The purpose of the Plan is to provide Associates of the Company and its Designated Subsidiaries with an opportunity to purchase Common Stock of the Company through accumulated payroll deductions. It is the intention of the Company to have the Plan qualify as an "Employee
        Stock Purchase Plan" under Section 423 of the Internal Revenue Code of 1986, as amended. The provisions of the Plan, accordingly, shall be construed so as to extend and limit participation in a manner consistent with the requirements of that section of the Code.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Definitions</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Associate</font></u><font size="2">" shall mean any individual who is an employee of the Company or a Designated Subsidiary for purposes of tax withholding under the Code and who is not an owner of five percent (5%) or more of all outstanding Common Stock on a fully diluted basis (i.e.,
        after taking into account outstanding stock options and other Common Stock equivalents). </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Board</font></u><font size="2">" shall mean the Board of Directors of the Company.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Code</font></u><font size="2">" shall mean the Internal Revenue Code of 1986, as amended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Committee</font></u><font size="2">" shall mean a committee appointed by the Board which shall be the administrative committee for the Plan (the &ldquo;Committee&rdquo;); provided, that to the extent required by Rule 16b-3 of the Securities and Exchange Commission under the Exchange Act,
        such Committee shall be comprised solely of two or more Non-Employee Directors, as defined in Rule 16b-3(b)(3) under the Exchange Act. All references in this Plan to the &ldquo;Committee&rdquo; shall mean the Board if no Committee has been appointed.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Common Stock</font></u><font size="2">" shall mean the Common Stock of the Company, $0.01 par value per share.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Company</font></u><font size="2">" shall mean Capital City Bank Group, Inc., a Florida corporation.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Compensation</font></u><font size="2">" shall mean all base gross earnings and cash-based profit participation, including payments for overtime and commissions.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Designated Subsidiaries</font></u><font size="2">" shall mean the Subsidiaries which have been designated by the Board from time to time in its sole discretion as eligible to participate in the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Enrollment Date</font></u><font size="2">" shall mean the first day of each Offering Period.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Exchange Act</font></u><font size="2">" shall mean the Securities Exchange Act of 1934, as amended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Exercise Date</font></u><font size="2">" shall mean the last day of each Offering Period.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Fair Market Value</font></u><font size="2">" shall mean (1) the closing price of the Common Stock on the principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (2) the closing price of the Common
        Stock on the Nasdaq National Market, if the Common Stock is not then traded on a national securities exchange; or (3) the closing bid price last quoted by an established quotation service for over-the-counter securities, if the Common Stock is not reported on the Nasdaq National Market. However, if the Common Stock is not publicly-traded, "Fair Market Value" shall be deemed to be the fair value of the Common Stock as determined by the Committee after taking into consideration all
        factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm&rsquo;s length.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Offering Period</font></u><font size="2">" shall mean, subject to the second sentence of Section 4 hereof, a period of six months, commencing on January 1 and July 1 of each year and terminating on June 30 and December 31 of each year, respectively.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Parent</font></u><font size="2">" shall mean a corporation which is a "parent corporation" of the Company within the meaning of Section 424(e) of the Code.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Plan</font></u><font size="2">" shall mean this Capital City Bank Group, Inc. 2011 Associate Stock Purchase Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Purchase Price</font></u><font size="2">" shall mean an amount equal to ninety percent (90%) of the Fair Market Value of a share of Common Stock on the Enrollment Date or on the Exercise Date, whichever is lower, as determined in the sole discretion of the Committee. Subject to the
        limitations imposed under Section 423 of the Code, the Committee may adjust the Purchase Price to such other percentage of Fair Market Value as determined by the Committee.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Reserves</font></u><font size="2">" shall mean the number of shares of Common Stock covered by each option under the Plan which have not yet been exercised and the number of shares of Common Stock which have been authorized for issuance under the Plan but not yet placed under
        option.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Subsidiary</font></u><font size="2">" shall mean a corporation which is a "subsidiary corporation" of the Company within the meaning of Section 424(f) of the Code.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in"><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Eligibility</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each person who is an Associate on a given Enrollment Date shall be eligible to participate in the Plan for the Offering Period containing such Enrollment Date.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any provisions of the Plan to the contrary notwithstanding, no Associate shall be granted an option under the Plan (i) if, immediately after the grant, such Associate would own stock (together with stock owned by any other person or entity that would be attributed to such Associate pursuant to Section 424(d) of the
        Code) of the Company (including, for this purpose, all shares of stock subject to any outstanding options to purchase such stock, whether or not currently exercisable and irrespective of whether such options are subject to the favorable tax treatment of Section 421(a) of the Code) possessing five percent (5%) or more of the total combined voting power or value of all classes of stock of the Company or of any Parent or Subsidiary, or (ii) which permits his or her rights to purchase stock
        under all employee stock purchase plans (within the meaning of Section 423 of the Code) of the Company and its Parents and Subsidiaries to accrue at a rate which exceeds twenty-five thousand dollars ($25,000) worth of stock (determined at the Fair Market Value of the stock at the time such option is granted) for each calendar year in which such option is outstanding at any time. The limitation described in clause (ii) of the preceding sentence shall be applied in a manner consistent
        with Section 423(b)(8) of the Code.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Offering Periods</font></u><font size="2">. The Plan shall be implemented by consecutive Offering Periods continuing from the first Offering Period until terminated in accordance with Section 19 hereof. The Committee shall have the power to change the duration of Offering Periods (including the
        commencement dates thereof) with respect to future offerings without shareowner approval if such change is announced at least fifteen (15) days prior to the scheduled beginning of the first Offering Period to be affected thereafter.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Participation</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;An Associate may become a participant in the Plan for an Offering Period by completing a subscription agreement authorizing payroll deductions in the form of Exhibit A to this Plan (or in such other form as the Committee shall approve and which shall contain substantially the same terms as Exhibit A) and filing it
        with the human resources office of the Company or applicable Designated Subsidiary at least fifteen (15) business days prior to the applicable Enrollment Date, unless a later time for filing the subscription agreement is set by the Committee for all Associates with respect to a given Offering Period.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">2</font></p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Payroll deductions for a participant shall commence on the first payroll date following the Enrollment Date and shall end on the last payroll date in the Offering Period to which such authorization is applicable, unless sooner terminated by the participant as provided in Section 10 hereof.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0in"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Payroll Deductions</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the time a participant files his or her subscription agreement, he or she shall elect to have payroll deductions made on each pay day during the Offering Period in an amount (expressed as a whole number percentage or a fixed dollar amount) of the Compensation he or she receives on each pay day during the Offering
        Period.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All payroll deductions made for a participant shall be credited to his or her account under the Plan. Subject to the limitations set forth in Section 7, the Committee may, in its sole discretion, determine whether or not to permit participants to make any additional payments into such account and, if so, upon such
        terms as the Committee may determine. However, in all events, all employees shall have the same rights and privileges with respect to their right to make such additional payments. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A participant may discontinue his or her participation in the Plan, as provided in Section 10 hereof, at any time during the Offering Period prior to the Exercise Date. Once an Offering Period has commenced, a participant may not increase or decrease the rate or amount of his or her payroll deductions for that
        Offering Period, but may, during that Offering Period, increase or decrease the rate or amount of his or her payroll deductions for the next succeeding Offering Period, by completing or filing with the Company or applicable Designated Subsidiary a new subscription agreement, at least fifteen (15) business days prior to the end of that Offering Period, authorizing a change in payroll deduction rate or amount. A participant&rsquo;s subscription agreement shall remain in effect for
        successive Offering Periods unless terminated as provided in Section 10 hereof.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, a participant&rsquo;s payroll deductions may be decreased to 0% at any time, to the extent necessary to comply with Section 423(b)(8) of the Code and Section 3(b) hereof. Subject to the preceding sentence, payroll deductions shall recommence at the rate or amount provided in such
        participant&rsquo;s subscription agreement at the beginning of the next succeeding Offering Period, unless terminated by the participant as provided in Section 10 hereof.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the time the option is exercised, in whole or in part, or at the time some or all of the Common Stock issued under the Plan is disposed of, the participant must make adequate provisions for the federal, state, or other tax withholding obligations of the Company or applicable Designated Subsidiary, if any, which
        arise upon the exercise of the option or the disposition of the Common Stock. At any time, the Company or applicable Designated Subsidiary may, but will not be obligated to, withhold from the participant&rsquo;s compensation the amount necessary for the Company or applicable Designated Subsidiary to meet applicable withholding obligations, including any withholding required to make available to the Company or applicable Designated Subsidiary any tax deductions or benefits attributable
        to sale or early disposition of Common Stock by the Associate.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Grant of Option</font></u><font size="2">. On the Enrollment Date of each Offering Period, each Associate participating in such Offering Period shall be granted an option to purchase on the Exercise Date of such Offering Period (at the applicable Purchase Price) up to a number of shares of the
        Company&rsquo;s Common Stock determined by dividing such Associate&rsquo;s payroll deductions accumulated prior to such Exercise Date and retained in the participant&rsquo;s account as of the Exercise Date by the applicable Purchase Price; provided, however, that in no event shall an Associate be permitted to purchase during any calendar year more than $25,000 in Fair Market Value of Common Stock (with Fair Market Value to be determined on each Enrollment Date) within such calendar year
        and, provided further, that such purchase shall be subject to the limitations set forth in Sections 3(b) and 12 hereof. Exercise of the option shall occur as provided in Section 8 hereof, unless the participant has withdrawn pursuant to Section 10 hereof, and shall expire on the last day of the Offering Period.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">3</font></p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Exercise of Option</font></u><font size="2">. Unless a participant withdraws from the Plan as provided in Section 10 hereof, his or her option for the purchase of shares will be exercised automatically on the Exercise Date and, subject to the limitations set forth in Sections 3(b) and 12 hereof, the
        maximum number of full shares subject to option shall be purchased for such participant at the applicable Purchase Price with the accumulated payroll deductions in his or her account. No fractional shares will be purchased; any payroll deductions accumulated in a participant&rsquo;s account which are not sufficient to purchase a full share shall be retained in the participant&rsquo;s account for the subsequent Offering Period, subject to earlier withdrawal by the participant as provided
        in Section 10 hereof. During a participant&rsquo;s lifetime, a participant&rsquo;s option to purchase shares hereunder is exercisable only by the participant.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Delivery</font></u><font size="2">. As promptly as practicable after each Exercise Date on which a purchase of shares occurs, the Company shall arrange the delivery to or for the account of each participant, as appropriate, a certificate representing the shares purchased upon exercise of his or her
        option; provided, however, that the Committee may instead determine to hold such shares in an account for each such participant until the participant either ceases participation in the Plan or requests delivery of such shares.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Withdrawal; Termination of Employment</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A participant may withdraw all but not less than all the payroll deductions credited to his or her account and not yet used to exercise his or her option under the Plan at any time prior to the last business day of an Offering Period (or such earlier date established by the Committee in its discretion) by giving
        written notice to the Company or applicable Designated Subsidiary in the form of Exhibit B to this Plan. All of the participant&rsquo;s payroll deductions credited to his or her account will be paid to such participant promptly after receipt of notice of withdrawal and such participant&rsquo;s option for the Offering Period will be automatically terminated, and no further payroll deductions for the purchase of shares will be made during the Offering Period. If a participant withdraws
        from the Plan during an Offering Period, he or she may not resume participation until the next Offering Period. He or she may resume participation for any other Offering Period by delivering to the Company or applicable Designated Subsidiary a new subscription agreement at least fifteen (15) days prior to the Enrollment Date for such Offering Period.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upon a participant&rsquo;s ceasing to be an Associate for any reason, he or she will be deemed to have elected to withdraw from the Plan and the payroll deductions credited to such participant&rsquo;s account during the Offering Period but not yet used to exercise the option will be returned to such participant or,
        in the case of his or her death, to the person or persons entitled thereto under Section 14 hereof, and such participant&rsquo;s option will be automatically terminated.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A participant&rsquo;s withdrawal from an Offering Period will not have any effect upon his or her eligibility to participant in any similar plan which may hereafter be adopted by the Company.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Interest</font></u><font size="2">. No interest shall accrue or be payable with respect to any of the payroll deductions of a participant in the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Stock</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The maximum number of shares of Common Stock which shall be made available for sale under the Plan shall be 593,750 shares, subject to adjustment upon changes in capitalization of the Company as provided in Section 18 hereof. If on a given Exercise Date the number of shares with respect to which options are to be
        exercised exceeds the number of shares then available under the Plan, the Company shall make a pro rata allocation of the shares remaining available for purchase in as uniform a manner as shall be practicable and as it shall determine to be equitable.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No participant will have an interest or voting right in shares covered by his or her option until such option has been exercised.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares to be issued to a participant under the Plan will be registered in the record or beneficial name of the participant or in the record or beneficial name of the participant and his or her spouse.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">4</font></p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Administration</font></u><font size="2">. The Plan shall be administered by the Committee. The Committee shall have full and exclusive discretionary authority to construe, interpret and apply the terms of the Plan, to determine eligibility and to adjudicate all disputed claims filed under the Plan. Every finding,
        decision and determination made by the Committee shall, to the full extent permitted by law, be final and binding upon all parties. Members of the Board who are Associates are permitted to participate in the Plan, provided that members of the Board who are eligible to participate in the Plan may not vote on any matter affecting the administration of the Plan or the grant of any option pursuant to the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Payments Upon Death of Participant</font></u><font size="2">. In the event of a participant&rsquo;s death subsequent to an Exercise Date on which the option is exercised but prior to delivery to such participant of such shares (or cash, if applicable), the Company shall deliver such shares or cash to the
        participant&rsquo;s estate. In addition, in the event of a participant&rsquo;s death prior to the exercise of an option, the Company shall remit any cash from the participant&rsquo;s account under the Plan to his estate. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Transferability</font></u><font size="2">. Neither payroll deductions credited to a participant&rsquo;s account nor any rights with regard to the exercise of an option or to receive shares under the Plan may be assigned, transferred, pledged or otherwise disposed of in any way (other than by will, the laws of
        descent and distribution or as provided in Section 14 hereof) by the participant. Any such attempt at assignment, transfer, pledge or other disposition shall be without effect, except that the Company may treat such act as an election to withdraw funds from an Offering Period in accordance with Section 10 hereof.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Use of Funds</font></u><font size="2">. All payroll deductions received or held by the Company or applicable Designated Subsidiary under the Plan may be used by the Company or such Subsidiary for any corporate purpose, and the Company or applicable Designated Subsidiary shall not be obligated to segregate such
        payroll deductions.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Reports</font></u><font size="2">. Individual accounts will be maintained for each participant in the Plan. Statements of account will be given to participating Associates at least annually, within such time as the Committee may reasonably determine, which statements will set forth the amounts of payroll deductions,
        the Purchase Price, the number of shares purchased and the remaining cash balance, if any.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Adjustments Upon Changes in Capitalization</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Changes in Capitalization</font></u><font size="2">. Unless the Committee specifically determines otherwise, the Reserves as well as the price per share of Common Stock covered by each option under the Plan which has not yet been exercised shall be proportionately adjusted for any increase
        or decrease in the number of issued shares of Common Stock resulting from a stock split, reverse stock split, stock dividend, combination or reclassification of the Common Stock, or any other increase or decrease in the number of shares of Common Stock effected without receipt of consideration by the Company; provided, however, that conversion of any convertible securities of the Company shall not be deemed to have been "effected without receipt of consideration." Such adjustment shall
        be made by the Committee, whose determination in that respect shall be final, binding and conclusive. Except as expressly provided herein, no issuance by the Company of shares of stock of any class, shall affect, and no adjustment by reason thereof shall be made with respect to, the number or price of shares of Common Stock subject to an option. Any adjustment accomplished as a result of a change in capitalization shall be subject to any required action by the shareowners of the
        Company.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Dissolution or Liquidation</font></u><font size="2">. In the event of the proposed dissolution or liquidation of the Company, the Offering Period will terminate immediately prior to the consummation of such proposed action, unless otherwise provided by the Committee.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">5</font></p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Merger or Asset Sale</font></u><font size="2">. In the event of a proposed sale of all or substantially all of the assets of the Company, or the merger of the Company with or into another corporation, each option under the Plan shall be assumed or an equivalent option shall be substituted by
        such successor corporation or a parent or subsidiary of such successor corporation, unless the Committee determines, in the exercise of its sole discretion and in lieu of such assumption or substitution, to shorten the Offering Period then in progress by setting a new Exercise Date (the "New Exercise Date"). If the Committee shortens the Offering Period then in progress in lieu of assumption or substitution in the event of a merger or sale of assets, the Committee shall notify each
        participant in writing, at least ten (10) business days prior to the New Exercise Date, that the Exercise Date for his or her option has been changed to the New Exercise Date and that his or her option will be exercised automatically on the New Exercise Date, unless prior to such date he or she has withdrawn from the Offering Period as provided in Section 10 hereof. For purposes of this paragraph, an option granted under the Plan shall be deemed to be assumed if, following the sale of
        assets or merger, the option confers the right to purchase, for each share of option stock subject to the option immediately prior to the sale of assets or merger, the consideration (whether stock, cash or other securities or property) received in the sale of assets or merger by holders of Common Stock for each share of Common Stock held on the effective date of the transaction (and if such holders were offered a choice of consideration, the type of consideration chosen by the holders
        of a majority of the outstanding shares of Common Stock); provided, however, that if such consideration received in the sale of assets or merger was not solely common stock of the successor corporation or its parent (as defined in Section 424(e) of the Code), the Committee may, with the consent of the successor corporation and the participant, provide for the consideration to be received upon exercise of the option to be solely common stock of the successor corporation or its parent
        equal in fair market value to the per share consideration received by holders of Common Stock in the sale of assets or merger.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">The Committee may, if it so determines in the exercise of its sole discretion, also make provision for adjusting the Reserves, as well as the price per share of Common Stock covered by each outstanding option, in the event the Company effects one or more reorganizations, recapitalizations, rights offerings or other increases or reductions of shares of its outstanding Common Stock, and
        in the event of the Company being consolidated with or merged into any other corporation.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Amendment or Termination</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee may, without further action by the shareowners and without receiving further consideration from the participants, amend this Plan or condition or modify awards under this Plan in response to changes in securities or other laws or rules, regulations or regulatory interpretations thereof applicable to
        this Plan or to comply with applicable self-regulatory organization rules or requirements.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee may at any time and from time to time terminate or modify or amend the Plan in any respect, except that, without shareowner approval, the Committee may not materially amend the Plan, including, but not limited to, the following:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;increasing the number of shares of Common Stock to be issued under the Plan (other than pursuant to Section 18); and</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;changing the corporations whose employees may be offered purchase rights under the plan. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt"><font size="2">In addition to the foregoing, the Committee shall seek shareowner approval for amendments that require shareowner approval under Section 423 of the Code (or any successor provision or any other applicable law or regulation).</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.06in"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as provided in Sections 18 and 19(a) hereof, no termination may, without the consent of an affected participant, adversely affect options previously granted; provided, that an Offering Period may be terminated by the Committee on any Exercise Date if the Committee determines that the termination of the Plan
        is in the best interests of the Company and its shareowners. Except as provided in Sections 18 and 19(a) hereof, no amendment may adversely affect the rights of any options previously granted. The Committee shall determine in its sole discretion for purposes of this Section 19 whether or not a participant&rsquo;s rights have been "adversely affected." </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">20.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Notices</font></u><font size="2">. All notices or other communications by a participant to the Company under or in connection with the Plan shall be deemed to have been duly given when received in the form specified by the Company at the location, or by the person, designated by the Company for the receipt
        thereof.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">6</font></p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">21.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Conditions Upon Issuance of Shares</font></u><font size="2">. Shares shall not be issued with respect to an option unless the exercise of such option and the issuance and delivery of such shares pursuant thereto shall comply with all applicable provisions of law, domestic or foreign, including, without limitation,
        the Securities Act of 1933, as amended, the Exchange Act, the rules and regulations promulgated thereunder and the requirements of any stock exchange upon which the shares may then be listed.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">22.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Term of Plan</font></u><font size="2">. The Plan shall be effective as of April 26, 2011 upon its adoption by the Board. It shall continue in effect for a term of ten (10) years thereafter unless sooner terminated under Section 19 hereof.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">23.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Additional Restrictions of Section 16 of the Exchange Act</font></u><font size="2">. The terms and conditions of options granted hereunder to, and the purchase of shares by, persons subject to Section 16 of the Exchange Act shall comply with the applicable provisions of the rules and regulations promulgated under
        such Section 16. This Plan shall be deemed to contain, and such options shall contain, and the shares issued upon exercise thereof shall be subject to, such additional conditions and restrictions as may be required by such rules and regulations to qualify for the maximum exemption from Section 16 of the Exchange Act with respect to Plan transactions.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt"><font size="2">* * *</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">As adopted by the Board of Directors of</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">Capital City Bank Group, Inc.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">effective as of April 26, 2011</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in"><font size="2">7</font></p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">EXHIBIT A</font></b></p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">2011 ASSOCIATE STOCK PURCHASE PLAN</font></b></p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">SUBSCRIPTION AGREEMENT</font></b></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="1093">
                <tr>
                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">___</font></p>
                    </td>

                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="505" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Original Application</font></p>
                    </td>

                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="540" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Enrollment Date:_________________</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="252">
                <tr>
                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48" nowrap>
                        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">___</font></p>
                    </td>

                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="204" nowrap>
                        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Change in Payroll Deduction Rate</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="213">
                <tr>
                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="48" nowrap>
                        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">___</font></p>
                    </td>

                    <td style="PADDING-BOTTOM: 12pt; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; PADDING-TOP: 0in" valign="top" width="165" nowrap>
                        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Change of Beneficiary(ies)</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;_____________________________________ hereby elects to participate in the Capital City Bank Group, Inc. 2011 Associate Stock Purchase Plan (the "Associate Stock Purchase Plan") and subscribes to purchase shares of the Company&rsquo;s Common Stock in accordance with this Subscription Agreement and the Associate Stock Purchase
        Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby authorize payroll deductions from each paycheck in the amount of (please complete one or the other) (i) _______% (a whole number) of my Compensation, or (ii) $_______, on each payday during the Offering Period in accordance with the Associate Stock Purchase Plan. (Please note that no fractional percentages are
        permitted.)</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I understand that said payroll deductions will be accumulated for the purchase of shares of Common Stock at applicable Purchase Price determined in accordance with the Associate Stock Purchase Plan. I understand that if I do not withdraw from an Offering Period, any accumulated payroll deductions will be used to automatically
        exercise my option on the Exercise Date.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I have received a copy of the complete "Capital City Bank Group, Inc. 2011 Associate Stock Purchase Plan." I understand that my participation in the Associate Stock Purchase Plan is in all respects subject to the terms of the Associate Stock Purchase Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares purchased for me under the Associate Stock Purchase Plan should be issued in the name(s) of (Associate or Associate and Spouse Only):______________________</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 24pt"><font size="2">____________________________________________________________________________.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I understand that, under current federal income tax law, if I dispose of any shares received by me pursuant to the Plan within the later of (i) two (2) years after the first day of the Offering Period during which I purchased such shares, or (ii) one (1) year after the date I purchased any Common Stock under the Associate Stock
        Purchase Plan, I will be treated for federal income tax purposes as having made a "disqualifying disposition" and as having received ordinary income at the time of such disposition in an amount equal to the excess of fair market value of the shares at the time such shares were delivered to me over the price which I paid for the shares. The remainder of the gain, if any, recognized on such disqualifying disposition will be taxed as capital gain. I hereby agree to notify the Company in
        writing within thirty (30) days after the date of any disqualifying disposition of my shares and I will make adequate provision for federal, state or other tax withholding obligations, if any, which arise upon such disqualifying disposition. The Company or applicable Designated Subsidiary may, but will not be obligated to, withhold from my compensation the amount necessary to meet any applicable withholding obligation including any withholding necessary to make available to the Company
        or such Subsidiary any tax deductions or benefits attributable to sale or disqualifying disposition of Common Stock by me. If I dispose of such shares at any time after the expiration of the two-year holding period, I understand that I will be treated for federal income tax purposes as having received income only at the time of such disposition, and that such income will be taxed as ordinary income only to the extent of an amount equal to the lesser of (a) the excess of the fair market
        value of the shares at the time of such disposition over the purchase price which I paid for the shares, or (b) the excess of the fair market value of the shares over the Purchase Price on the first day of the Offering Period in which the shares were purchased. The remainder of the gain, if any, recognized on such disposition will be taxed as capital gain.</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;I hereby agree to be bound by the terms of the Associate Stock Purchase Plan. The effectiveness of this Subscription Agreement is dependent upon my eligibility to participate in the Associate Stock Purchase Plan.</font></p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="584">
                <tr>
                    <td valign="top" width="288" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Associate&rsquo;s Social Security Number:</font></p>
                    </td>

                    <td valign="top" width="296" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">_________________________________________</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" nowrap>&nbsp;</td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" nowrap>&nbsp;</td>
                </tr>

                <tr>
                    <td valign="top" nowrap><font size="2">Associate&rsquo;s Address:</font></td>

                    <td valign="top" width="296" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">_________________________________________</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" nowrap>&nbsp;</td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" width="296" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">_________________________________________</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" nowrap>&nbsp;</td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" width="296" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">_________________________________________</font></p>
                    </td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">I UNDERSTAND THAT THIS SUBSCRIPTION AGREEMENT SHALL REMAIN IN EFFECT THROUGHOUT SUCCESSIVE OFFERING PERIODS UNLESS TERMINATED BY ME.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <div align="left">
            <table style="BORDER-COLLAPSE: collapse; MARGIN-LEFT: 0pt" border="0" cellspacing="0" cellpadding="0" width="543">
                <tr>
                    <td valign="top" width="240" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">Dated:________________</font></p>
                    </td>

                    <td valign="top" width="303" nowrap>
                        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0pt"><font size="2">__________________________________________</font></p>
                    </td>
                </tr>

                <tr>
                    <td valign="top" nowrap>&nbsp;</td>

                    <td valign="top" nowrap align="center"><font size="2">Signature of Associate</font></td>
                </tr>
            </table>
        </div>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">EXHIBIT B</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">2011 ASSOCIATE STOCK PURCHASE PLAN</font></b></p>

        <p style="TEXT-ALIGN: center; LINE-HEIGHT: 200%; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">NOTICE OF WITHDRAWAL</font></b></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">The undersigned participant in the Offering Period of the Capital City Bank Group, Inc. 2011 Associate Stock Purchase Plan (the "Plan") which began on ______________, 20__ (the "Enrollment Date") hereby notifies the Company that he or she hereby withdraws from the Offering Period. The undersigned hereby directs the Company or applicable Designated Subsidiary to pay to the undersigned
        as promptly as practicable all the payroll deductions credited to his or her account with respect to such Offering Period. The undersigned understands and agrees that his or her option for such Offering Period will be automatically terminated. The undersigned understands further that no further payroll deductions will be made for the purchase of shares in the current Offering Period and the undersigned shall thereafter be eligible to participate in succeeding Offering Periods only by
        delivering to the Company or applicable Designated Subsidiary a new Subscription Agreement within the time period set forth in Section 5 of the Plan.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 24pt"><font size="2">Name and Address of Participant</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 24pt"><font size="2">____________________________________</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 24pt"><font size="2">____________________________________</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 42pt"><font size="2">____________________________________</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 24pt"><font size="2">Signature</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 24pt"><font size="2">____________________________________</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 5in; MARGIN-BOTTOM: 0pt"><font size="2">Date:________________________________</font></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 0.06in">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>
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<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>i00216_ex10-2.htm
<TEXT>
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        <p style="TEXT-ALIGN: right; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">Exhibit 10.2</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 42pt"><b><font size="2">2011 DIRECTOR STOCK PURCHASE PLAN</font></b></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Purpose</font></u><font size="2">.&nbsp;&nbsp;The purpose of the 2011 Director Stock Purchase Plan (the "Plan") is to provide certain members of the Board of Directors (the "Eligible Directors") of Capital City Bank Group, Inc. (the "Company") and its Subsidiaries with the ability to apply all or a
        portion of their annual retainer and monthly fees received from serving as directors to the purchase of shares of Common Stock at a ten percent (10%) discount from Fair Market Value.&nbsp;&nbsp;A further purpose of the Plan is to advance the interests of the Company and its shareowners by encouraging increased Common Stock ownership by the Eligible Directors, thereby promoting long-term shareowner value by strengthening their commitment to the welfare of the Company and promoting an
        identity of interest between shareowners and Eligible Directors.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Definitions</font></u><font size="2">.&nbsp;&nbsp;The following definitions shall be applicable throughout the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Board</font></u><font size="2">" shall mean the Board of Directors of the Company.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Committee</font></u><font size="2">" shall mean a committee appointed by the Board; provided, that to the extent required by Rule 16b-3 of the Securities and Exchange Commission under the Exchange Act, such Committee shall be comprised solely of two or more Non-Employee Directors, as defined in Rule 16b-3(b)(3) under
        the Exchange Act. All references in this Plan to the "Committee" shall mean the Board if no Committee has been appointed.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Common Stock</font></u><font size="2">" shall mean the Common Stock of the Company, one penny ($0.01) par value per share.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Company</font></u><font size="2">" shall mean Capital City Bank Group, Inc., a Florida corporation.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Director Fees</font></u><font size="2">" shall mean annual retainers, monthly fees or committee meeting fees for serving as directors of the Company or its Subsidiaries.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Eligible Directors</font></u><font size="2">" shall mean members of the Board of Directors of the Company (including community and advisory directors) and its Subsidiaries who receive Director Fees.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Exchange Act</font></u><font size="2">" shall mean the Securities Exchange Act of 1934, as amended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option A Eligibility Date</font></u><font size="2">" shall mean January 1 of each year.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option A Fair Market Value</font></u><font size="2">" shall mean the average of (i) the high and low prices of the shares of Common Stock on the principal national securities exchange on which the Common Stock is traded for the ten (10) trading days immediately preceding each Eligibility Date, if the Common
        Stock is then traded on a national securities exchange; or (ii) the last reported sale prices of the shares of Common Stock on the Nasdaq National Market for the ten (10) trading days immediately preceding the Eligibility Date, if the Common Stock is not then traded on a national securities exchange; or (iii) the closing bid prices last quoted by an established quotation service for over-the-counter securities for the ten (10) trading days immediately preceding the Eligibility Date, if
        the Common Stock is not reported on the Nasdaq National Market. In the event there is no trading in the shares of Common Stock, "Option A Fair Market Value" shall be deemed to be the fair value of the Common Stock as determined by the Committee after taking into consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm&rsquo;s length.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option A Purchase Period</font></u><font size="2">" shall mean the fifteen day period beginning with the Option A Eligibility Date each year in which an Eligible Director may make an election indicating the dollar amount of his or her annual retainer and fees received from serving as a director in the preceding
        year which he or she would like to be applied to the purchase of shares of Common Stock; provided, however, that if the Option A Purchase Period shall end on a Saturday, Sunday or legal holiday, the Option A Purchase Period shall extend to 5:00 p.m. of the next business day.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option B Eligibility Date</font></u><font size="2">" shall mean December&nbsp;1 of each year.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option B Fair Market Value</font></u><font size="2">" shall mean (i)&nbsp;the closing price of the Common Stock on the principal national securities exchange on which the Common Stock is traded, if the Common Stock is then traded on a national securities exchange; or (ii)&nbsp;the closing price of the Common
        Stock on the Nasdaq National Market, if the Common Stock is not then traded on a national securities exchange; or (iii)&nbsp;the closing bid price last quoted by an established quotation service for over-the-counter securities, if the Common Stock is not reported on the Nasdaq National Market. However, if the Common Stock is not publicly-traded, "Option B Fair Market Value" shall be deemed to be the fair value of the Common Stock as determined by the Committee after taking into
        consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm&rsquo;s length.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option B Purchase Period</font></u><font size="2">" shall mean the thirty-one day period beginning with the Option B Eligibility Date each year in which an Eligible Director may make an election indicating the percentage of his or her annual retainer and fees to be received from serving as a director in the upcoming year
        which he or she would like to be applied to the purchase of shares of Common Stock; provided, however, that if the Option B Purchase Period shall end on a Saturday, Sunday or legal holiday, the Option B Purchase Period shall extend to 5:00 p.m. of the next business day.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Plan</font></u><font size="2">" shall mean this 2011 Director Stock Purchase Plan of Capital City Bank Group, Inc.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Stock</font></u><font size="2">" shall mean the Common Stock or such other authorized shares of stock of the Company as the Board may from time to time authorize for use under the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Subsidiary</font></u><font size="2">" shall mean any corporation which is a "subsidiary corporation" of the Company within the meaning of Section 424(f) of the Internal Revenue Code of 1986, as amended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Effective Date and Duration</font></u><font size="2">.&nbsp;&nbsp;The Plan and any amendments hereto shall become effective as of the date approved by the Board or the Company&rsquo;s shareowners, as applicable (the "Effective Date"), and shall terminate upon adoption of a resolution of the Committee
        terminating the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Administration</font></u><font size="2">.&nbsp;&nbsp;The Committee shall administer the Plan.&nbsp;&nbsp;The Committee shall have the authority, subject to the provisions of the Plan, to establish, adopt, or revise such rules and regulations and to make all such determinations relating to the Plan as it
        may deem necessary or advisable for the administration of the Plan.&nbsp;&nbsp;The Committee&rsquo;s interpretation of the Plan and all decisions and determinations by the Committee with respect to the Plan shall be final, binding, and conclusive on all parties unless otherwise determined by the Committee.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Common Stock Subject to the Plan</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The aggregate number of shares of Common Stock which shall be made available for sale under the Plan shall not exceed 150,000. However, unless the Committee specifically determines otherwise, the aggregate number of shares of Common Stock available under the Plan shall be subject to appropriate adjustment in the case of any extraordinary
        dividend or other distribution, recapitalization, forward or reverse stock split, reorganization, merger, consolidation, spin-off, combination, repurchase, share exchange, or other similar corporate transaction or event affecting the Common Stock.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock to be issued to an Eligible Director under the Plan will be registered in the record or beneficial name of the Eligible Director or in the record or beneficial name of the Eligible Director and his or her spouse.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Eligibility</font></u><font size="2">.&nbsp;&nbsp;Each person who is an Eligible Director on any Option A Eligibility Date or any Option B Eligibility Date shall be eligible to participate in the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Option A Purchase of Common Stock Pursuant to the Plan</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Manner of Election</font></i><font size="2">. At any time during the Option A Purchase Period an Eligible Director may elect to have all or a portion of his or her Director Fees earned in the preceding calendar year applied to the purchase of shares of Common Stock. Election must be made by written notice to the Chief
        Financial Officer of the Company or such other person as designated from time to time by the Committee and must be accompanied by a check payable to the order of the Company in the amount of such election.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Purchase Price</font></i><font size="2">. The purchase price per share of Common Stock purchased under Option A pursuant to this Section 7 of the Plan shall be ninety percent (90%) of Option A Fair Market Value. The Committee in its sole discretion may from time to time adjust the purchase price payable pursuant to
        this Section 7 of the Plan to such other percentage of the Option A Fair Market Value.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">When Stock Shall Be Issued to Eligible Directors</font></i><font size="2">. As soon as practicable after each Option A Purchase Period, shares of Common Stock purchased under the Plan shall be issued to the purchasing Eligible Director, but in no event later than the 15<sup>th</sup> day of the third month following
        the close of the Company&rsquo;s taxable year in which the Stock was purchased.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Option B Purchase of Common Stock Pursuant to the Plan</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Manner of Election</font></i><font size="2">. At any time during the Option B Purchase Period an Eligible Director may elect to have all, one-half or none of his or her Director Fees to be earned in the upcoming calendar year applied to the purchase of shares of Common Stock. Election must be made by written notice to
        the Chief Financial Officer of the Company or such other person as designated from time to time by the Committee. An Eligible Director's election during any Option B Purchase Period shall automatically renew on the same terms for each following year, unless such Eligible Director revokes such election by written notice to the Chief Financial Officer of the Company or such other person as designated from time to time by the Committee. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Purchase Price</font></i><font size="2">. The purchase price per share of Common Stock purchased under Option B pursuant to this Section 8 of the Plan shall be ninety percent (90%) of the Option B Fair Market Value as determined on the last stock trading day of the month in which each Board or Committee meeting
        occurred. The Committee in its sole discretion may from time to time adjust the purchase price payable pursuant to this Section 8 of the Plan to such other percentage of the Option A Fair Market Value.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">When Stock Shall Be Issued to Eligible Dire</font></i><font size="2">ctors. Shares purchased under Option&nbsp;B pursuant to this Section 8 of the Plan shall be issued to the purchasing Eligible Director at such intervals as determined by the Committee from time to time, but in no event later than the 15<sup>th</sup>
        day of the third month following the close of the Company&rsquo;s taxable year in which the Stock was purchased.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">General</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Additional Provisions</font></i><font size="2">. The purchase of any shares of Common Stock under the Plan may also be subject to such other provisions (whether or not applicable to purchases made by any other Director) as the Committee determines appropriate including, without limitation, provisions to comply with
        Federal and state securities laws and Federal and state income tax withholding requirements.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Government and Other Regulations</font></i><font size="2">. The obligations of the Company shall be subject to all applicable laws, rules and regulations, and to such approvals by governmental agencies as may be required.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Tax Withholding</font></i><font size="2">. Notwithstanding any other provision of the Plan, a Director receiving Common Stock purchased under the Plan may be required to pay to the Company or a Subsidiary, as appropriate, prior to delivery of such Common Stock, the amount of any such taxes which the Company or
        Subsidiary is required to withhold, if any, with respect to such Common Stock. Subject in particular cases to the disapproval of the Committee, the Company may accept shares of Common Stock of equivalent Option A Fair Market Value or Option B Fair Market Value in payment of such withholding tax obligations if the Director elects to make payment in such manner at the time of election.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

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        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Employment Director Rights</font></i><font size="2">. Neither this Plan nor any action taken hereunder shall be construed as giving any Eligible Director any right to be retained in the employ or as a director of the Company or a Subsidiary.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">No Liability of Committee Members</font></i><font size="2">. No member of the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the Company
        shall indemnify and hold harmless each member of the Committee and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person&rsquo;s own fraud or bad
        faith; </font><u><font size="2">provided</font></u><font size="2">, </font><u><font size="2">however</font></u><font size="2">, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company&rsquo;s Articles of Incorporation or By-Laws, as a matter of law, or otherwise,
        or any power that the Company may have to indemnify them or hold them harmless.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Governing Law</font></i><font size="2">. The Plan will be administered in accordance with Federal laws, or in the absence thereof, the laws of the State of Florida.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Nontransferability</font></i><font size="2">. A person&rsquo;s rights and interest under the Plan may not be sold, assigned, donated or transferred or otherwise disposed of, mortgaged, pledged or encumbered.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Reliance on Reports</font></i><font size="2">. Each member of the Committee shall be fully justified in relying, acting or failing to act, and shall not be liable for having so relied, acted or failed to act in good faith, upon any report of the type contemplated by Florida Statute Section 607.0830(2) as currently in
        effect and upon any other information furnished in connection with the Plan by any person or persons other than himself.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Expenses</font></i><font size="2">. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Pronouns</font></i><font size="2">. Masculine pronouns and other words of masculine gender shall refer to both men and women.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Titles and Headings</font></i><font size="2">. The titles and headings of the sections in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles or headings shall control.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Nonexclusivity of the Plan</font></u><font size="2">.&nbsp;&nbsp;The adoption of this Plan by the Board shall not be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem desirable, and such arrangements may be either applicable generally or only in
        specific cases.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

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        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 12pt; MARGIN-LEFT: 0.5in"><font size="2">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Amendments and Termination</font></u><font size="2">.&nbsp;&nbsp;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee may, without further action by the shareowners and without receiving further consideration from the participants, amend this Plan or condition or modify awards under this Plan in response to changes in securities or other laws or rules, regulations or regulatory interpretations thereof applicable to this Plan or to comply with
        applicable self-regulatory organization rules or requirements.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee may at any time and from time to time terminate or modify or amend the Plan in any respect, except that, without shareowner approval, the Committee may not materially amend the Plan, including, but not limited to, the following:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.67in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;materially increase the number of shares of Common Stock to be issued under the Plan (other than pursuant to Sections 5(a) and 11(a));</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.67in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;materially increase benefits to participants, including any material change to reduce the price at which Stock may be purchased;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.67in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;materially expand the class of participants eligible to participate in the Plan; and</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.67in; MARGIN-BOTTOM: 12pt"><font size="2">(iv)&nbsp;&nbsp;expand the types of awards provided under the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The termination or any modification or amendment of the Plan, except as provided in subsection (a), shall not without the consent of a participant, affect his or her rights under an award previously granted to him or her.</font></p>



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<TYPE>EX-10.3
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        <p style="TEXT-ALIGN: right; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><font size="2">Exhibit 10.3</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">CAPITAL CITY BANK GROUP, INC.</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt"><b><font size="2">2011 ASSOCIATE INCENTIVE PLAN</font></b></p>

        <p style="TEXT-ALIGN: center; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Purpose</font></u><font size="2">.&nbsp;&nbsp;The purpose of the 2011 Associate Incentive Plan ("Plan") of Capital City Bank Group, Inc. ("Company") is to provide a means through which the Company and its Subsidiaries may attract able persons to enter and remain in the employ or other service of the
        Company and its Subsidiaries, and to provide a means whereby those key persons upon whom the responsibilities of the successful administration and management of the Company rest, and whose present and potential contributions to the welfare of the Company are of importance, can acquire and maintain stock ownership, thereby strengthening their commitment to the welfare of the Company and promoting an identity of interest between shareowners and these key persons.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">A further purpose of the Plan is to provide such key persons with additional incentive and reward opportunities designed to enhance the profitable growth of the Company. The Plan provides for granting Incentive Stock Options, Nonqualified Stock Options, Stock Appreciation Rights, Restricted Stock Awards, Phantom Stock Unit Awards and Performance Share Units, or any combination of the
        foregoing.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Definitions</font></u><font size="2">.&nbsp;&nbsp;The following definitions shall be applicable throughout the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Appreciation Date</font></u><font size="2">" shall mean the date designated by a Holder of Stock Appreciation Rights for measurement of the appreciation in the value of rights awarded to him, which date shall be the date notice of such designation is received by the Committee, or its designee.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Award</font></u><font size="2">" shall mean, individually or collectively, any Incentive Stock Option, Nonqualified Stock Option, Stock Appreciation Right, Restricted Stock Award, Phantom Stock Unit Award or Performance Share Unit Award.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Award Period</font></u><font size="2">" shall mean a period of time within which performance is measured for the purpose of determining whether an award of Performance Share Units has been earned.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Board</font></u><font size="2">" shall mean the Board of Directors of the Company.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Cause</font></u><font size="2">" shall mean the Company or a Subsidiary having cause to terminate a Participant&rsquo;s employment under any existing employment agreement between the Participant and the Company or a Subsidiary or, in the absence of such an employment agreement, upon (i) the determination by the
        Committee that the Participant has failed to perform his duties to the Company or a Subsidiary (other than as a result of his incapacity due to physical or mental illness or injury), which failure amounts to an intentional and extended neglect of his duties to such party, (ii) the Committee&rsquo;s determination that the Participant has engaged or is about to engage in conduct materially injurious to the Company or a Subsidiary, or (iii) the Participant having been convicted of a
        felony.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Change in Control</font></u><font size="2">" shall, unless the Committee otherwise directs by resolution adopted prior thereto, be deemed to occur if (i) any "person" (as that term is used in Sections 13 and 14(d)(2) of the Securities and Exchange Act of 1934 ("Exchange Act")) is or becomes the beneficial owner
        (as that term is used in Section 13(d) of the Exchange Act), directly or indirectly, of fifty percent (50%) or more of the voting stock; or (ii) during any 12-month period, individuals who at the beginning of such period constitute the Board cease for any reason to constitute at least a majority thereof, unless the election or the nomination for election by the Company&rsquo;s shareowners of each new director was approved by a vote of at least three-quarters of the directors then still
        in office who were directors at the beginning of the period. Any merger, consolidation or corporate reorganization in which the owners of the Company&rsquo;s capital stock entitled to vote in the election of directors ("Voting Stock") prior to said combination, own fifty percent (50%) or more of the resulting entity&rsquo;s voting stock shall not, by itself, be considered a Change in Control.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Code</font></u><font size="2">" shall mean the Internal Revenue Code of 1986, as amended. Reference in the Plan to any section of the Code shall be deemed to include any amendments or successor provisions to such section and any regulations under such section.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&ldquo;</font><u><font size="2">Committee</font></u><font size="2">&rdquo; shall mean a committee appointed by the Board; provided, that to the extent required by Rule 16b-3 of the Securities and Exchange Commission under the Exchange Act, such Committee shall be comprised solely of two or more Non-Employee Directors, as defined in Rule
        16b-3(b)(3) under the Exchange Act. All references in this Plan to the &ldquo;Committee&rdquo; shall mean the Board if no Committee has been appointed.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Common Stock</font></u><font size="2">" shall mean the Common Stock of the Company, one penny ($0.01) par value per share.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Company</font></u><font size="2">" shall mean Capital City Bank Group, Inc., a Florida corporation.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Date of Grant</font></u><font size="2">" shall mean the date on which the granting of an Award is authorized or such other date as may be specified in such authorization.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Director Fees</font></u><font size="2">" shall mean annual retainers, monthly fees or committee meeting fees for serving as directors of the Company or its Subsidiaries.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Disability</font></u><font size="2">" shall mean the complete and permanent inability by reason of illness or accident to perform the duties of the occupation at which a Participant was employed when such disability commenced or, if the Participant was retired when such disability commenced, the inability to engage in any
        substantial gainful activity, as determined by the Committee based upon medical evidence acceptable to it.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Eligible Associate</font></u><font size="2">" shall mean any person regularly employed by the Company or a Subsidiary on a full-time salaried basis who satisfies all of the requirements of Section 6.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Exchange Act</font></u><font size="2">" shall mean the Securities Exchange Act of 1934, as amended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Fair Market Value</font></u><font size="2">" shall mean the average of (i) the high and low prices of the Common Stock on the principal national securities exchange on which the Common Stock is traded for the ten (10) trading days immediately preceding the date of determination, if the Common Stock is then traded on
        a national securities exchange; or (ii) the last reported sale price of the Common Stock on the Nasdaq National Market for the ten (10) trading days immediately preceding the date of determination, if the Common Stock is not then traded on a national securities exchange; or (iii) the closing bid price last quoted by an established quotation service for over-the-counter securities for the ten (10) trading days immediately preceding the date of determination, if the Common Stock is not
        reported on the Nasdaq National Market. However, if the Common Stock is not publicly-traded at the time an option is granted under the Plan, "Fair Market Value" shall be deemed to be the fair value of the Common Stock as determined by the Committee after taking into consideration all factors which it deems appropriate, including, without limitation, recent sale and offer prices of the Common Stock in private transactions negotiated at arm&rsquo;s length.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Holder</font></u><font size="2">" shall mean a Participant who has been granted an Option, a Stock Appreciation Right, a Restricted Stock Award, Phantom Stock Unit Award or a Performance Share Unit Award.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(r)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Incentive Stock Option</font></u><font size="2">" shall mean an Option granted by the Committee to a Participant under the Plan which is designated by the Committee as an Incentive Stock Option pursuant to Section 422 of the Code.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(s)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Nonqualified Stock Option</font></u><font size="2">" shall mean an Option granted by the Committee to a Participant under the Plan which is not designated by the Committee as an Incentive Stock Option.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(t)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Normal Termination</font></u><font size="2">" shall mean termination:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to the Company or a Subsidiary, at retirement (excluding early retirement) pursuant to the Company retirement plan then in effect;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On account of Disability;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With the written approval of the Committee; or</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By the Company or a Subsidiary without cause.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(u)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option</font></u><font size="2">" shall mean an Award granted under Section 7 of the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Option Period</font></u><font size="2">" shall mean the period described in Section 7(c).</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(w)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Participant</font></u><font size="2">" shall mean a person who has been selected to participate in the Plan and to receive an Award pursuant to Section 6. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Performance Goals</font></u><font size="2">" shall mean the performance objectives of the Company during an Award Period or Restricted Period established for the purpose of determining whether, and to what extent, Awards will be earned for an Award Period or Restricted Period.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(y)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Performance Share Unit</font></u><font size="2">" shall mean a hypothetical investment equivalent equal to one share of Stock granted in connection with an Award made under Section 9 of the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(z)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Phantom Stock Unit</font></u><font size="2">" shall mean a hypothetical investment equivalent equal to one Share of Stock granted in connection with an Award made under Section 10 of the Plan, or credited with respect to Awards of Performance Share Units which have been deferred under Section 9.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(aa)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Plan</font></u><font size="2">" shall mean the 2011 Associate Incentive Plan of Capital City Bank Group, Inc.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(bb)&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Restricted Period</font></u><font size="2">" shall mean, with respect to any share of Restricted Stock, the period of time determined by the Committee during which such share of Restricted Stock is subject to the restrictions set forth in Section 10.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(cc)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Restricted Stock</font></u><font size="2">" shall mean shares of Common Stock issued or transferred to a Participant subject to the restrictions set forth in Section 10 and any new, additional or different securities a Participant may become entitled to receive as a result of adjustments made pursuant to Section 12.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(dd)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Restricted Stock Award</font></u><font size="2">" shall mean an Award granted under Section 10 of the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(ee)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"<u>Securities Act</u>" shall mean the Securities Act of 1933, as amended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(ff)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Stock</font></u><font size="2">" shall mean the Common Stock or such other authorized shares of stock of the Company as the Board may from time to time authorize for use under the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(gg)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Stock Appreciation Right</font></u><font size="2">" or "SAR" shall mean an Award granted under Section 8 of the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(hh)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Subsidiary</font></u><font size="2">" shall mean any corporation which is a "subsidiary corporation" of the Company within the meaning of Section 424(f) of the Code.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;"</font><u><font size="2">Valuation Date</font></u><font size="2">" shall mean the last day of an Award Period or the date of death of a Participant, as applicable.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Effective Date, Duration and Shareowner Approval</font></u><font size="2">.&nbsp;&nbsp;Subject to the approval of this Plan by the shareowners of the Company at a duly convened meeting of shareowners, the Plan shall be effective as of April 26, 2011 upon its adoption by the Board. It shall continue in
        effect for a term of ten (10) years thereafter unless sooner terminated under Section 16 hereof. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Administration</font></u><font size="2">.&nbsp;&nbsp;The Committee shall administer the Plan. A majority of the members of the Committee shall constitute a quorum.&nbsp;&nbsp;The acts of a majority of the members present at any meeting at which a quorum is present or acts approved in writing by a majority
        of the Committee shall be deemed the acts of the Committee.&nbsp;&nbsp;Subject to the provisions of the Plan, the Committee shall have exclusive power to:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Select the persons to be Participants in the Plan;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Determine the nature and extent of the Awards to be made to each Participant;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Determine the time or times when Awards will be made;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Determine the duration of each Award Period;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Determine the conditions to which the payment of Awards may be subject;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Establish the Performance Goals for each Award Period;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prescribe the form or forms evidencing Awards; and</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cause records to be established in which there shall be entered, from time to time as Awards are made to Participants, the date of each Award, the number of Incentive Stock Options, Nonqualified Stock Options, SARs, Phantom Stock Units, Performance Share Units and Shares of Restricted Stock awarded by the Committee to each Participant, the
        expiration date, the Award Period and the duration of any applicable Restricted Period.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">The Committee shall have the authority, subject to the provisions of the Plan, to establish, adopt, or revise such rules and regulations and to make all such determinations relating to the Plan as it may deem necessary or advisable for the administration of the Plan. The Committee&rsquo;s interpretation of the Plan or any Awards granted pursuant thereto and all decisions and
        determinations by the Committee with respect to the Plan shall be final, binding, and conclusive on all parties unless otherwise determined by the Committee.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Grant of Awards</font></u><font size="2">. The Committee may, from time to time, grant awards of Options, Stock Appreciation Rights, Restricted Stock, Phantom Stock Units and/or Performance Share Units to one or more Participants; provided, however, that:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to Section 12, the aggregate number of shares of Stock made subject to Awards may not exceed 875,000;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such shares shall be deemed to have been used in payment of Awards whether they are actually delivered or the Fair Market Value equivalent of such shares is paid in cash. In the event any Option, SAR not attached to an Option, Restricted Stock, Phantom Stock Unit or Performance Share Unit shall be surrendered, terminate, expire, or be
        forfeited, the number of shares of Stock no longer subject thereto shall thereupon be released and shall thereafter be available for new Awards under the Plan to the fullest extent permitted by the Exchange Act (if applicable at the time); and</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stock delivered by the Company in settlement of Awards under the Plan may be authorized and unissued Stock or Stock held in the treasury of the Company or may be purchased on the open market or by private purchase at prices no higher than the Fair Market Value at the time of purchase.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Eligibility</font></u><font size="2">.&nbsp;&nbsp;Participants shall be limited to officers, directors (shall mean members of the Board of Directors of the Company, including community and advisory directors who receive Director Fees) and employees of the Company and its Subsidiaries who have received
        written notification from the Committee that they have been selected to participate in the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Stock Options</font></u><font size="2">.&nbsp;&nbsp;One or more Incentive Stock Options or Nonqualified Stock Options can be granted to any Participant; provided, however, that Incentive Stock Options may be granted only to Eligible Associates.&nbsp;&nbsp;Each Option so granted shall be subject to the
        following conditions.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Option price</font></i><font size="2">. In the case of an Incentive Stock Option or Nonqualified Stock Option, the option price ("Option Price") per share of Stock shall be set by the Committee at the time of grant but shall not be less than the Fair Market Value of a share of Stock at the Date of Grant.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Manner of exercise and form of payment</font></i><font size="2">. Options which have become exercisable may be exercised by delivery of written notice of exercise to the Committee accompanied by payment of the Option Price. The Option Price shall be payable in cash and/or shares of Stock valued at the Fair Market
        Value at the time the Option is exercised, or, in the discretion of the Committee, either (i) in other property having a Fair Market Value on the date of exercise equal to the Option Price, or (ii) by delivering to the Company a copy of irrevocable instructions to a stockbroker to deliver promptly to the Company an amount of sale or loan proceeds sufficient to pay the Option Price.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Other terms and conditions</font></i><font size="2">. If the Holder has not died or his relationship as an officer, employee or director with the Company or a Subsidiary has not terminated, the Option shall become exercisable in such manner and within such period or periods ("Option Period"), not to exceed ten (10)
        years from its Date of Grant, as set forth in the Stock Option Agreement to be entered into in connection therewith.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Option shall lapse in the following situations:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 2in; MARGIN-BOTTOM: 12pt"><font size="2">--&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ten (10) years after it is granted;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 2in; MARGIN-BOTTOM: 12pt"><font size="2">--&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Three (3) months after Normal Termination, except as otherwise provided by the Committee, or</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 2in; MARGIN-BOTTOM: 12pt"><font size="2">--&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Any earlier time set forth in the Stock Option Agreement.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Holder terminates his relationship as an officer, employee or director with the Company or a Subsidiary otherwise than by Normal Termination or death, the Option shall lapse at the time of termination.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Holder dies within the Option Period or within three (3) months after Normal Termination (or such other period as may have been established by the Committee), the Option shall lapse unless it is exercised within the Option Period and in no event later than twelve (12) months after the date of Holder&rsquo;s death by the Holder&rsquo;s
        legal representative or representatives or by the person or persons entitled to do so under the Holder&rsquo;s last will and testament or, if the Holder shall fail to make testamentary disposition of such Option or shall die intestate, by the person entitled to receive said Option under the applicable laws of descent and distribution.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Stock Option Agreement</font></i><font size="2">. Each Option granted under the Plan shall be evidenced by a "Stock Option Agreement" between the Company and the Holder of the Option containing such provisions as may be determined by the Committee, but shall be subject to the following terms and conditions.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Option or portion thereof that is exercisable shall be exercisable for the full amount or for any part thereof, except as otherwise determined by the terms of the Stock Option Agreement.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each share of Stock purchased through the exercise of an Option shall be paid for in full at the time of the exercise. Each Option shall cease to be exercisable, as to any share of Stock, when the Holder purchases the share or exercises a related SAR or when the Option lapses.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Options shall not be transferable by the Holder except by will or the laws of descent and distribution and shall be exercisable during the Holder&rsquo;s lifetime only by him or her.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Option shall become exercisable by the Holder in accordance with the vesting schedule (if any) established by the Committee for the Award.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each Stock Option Agreement may contain an agreement that, upon demand by the Committee for such a representation, the Holder shall deliver to the Committee at the time of any exercise of an Option a written representation that the shares to be acquired upon such exercise are to be acquired for investment and not for resale or with a view
        to the distribution thereof. Upon such demand, delivery of such representation prior to the delivery of any shares issued upon exercise of an Option shall be a condition precedent to the right of the Holder or such other person to purchase any shares. In the event certificates for Stock are delivered under the Plan with respect to which such investment representation has been obtained, the Committee may cause a legend or legends to be placed on such certificates to make appropriate
        reference to such representation and to restrict transfer in the absence of compliance with applicable federal or state securities laws.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Grants to 10% Holders of Company Voting Stock</font></i><font size="2">. Notwithstanding Section 7(a), if an Incentive Stock Option is granted to a Holder who owns stock representing more than ten percent (10%) of the voting power of all classes of stock of the Company or of the Company and its Subsidiaries, the
        period specified in the Stock Option Agreement for which the Option thereunder is granted and at the end of which such Option shall expire shall not exceed five (5) years from the Date of Grant of such Option and the Option Price shall be at least one hundred ten percent (110%) of the Fair Market Value (on the Date of Grant) of the Stock subject to the Option.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Limitation</font></i><font size="2">. To the extent the aggregate Fair Market Value (as determined as of the Date of Grant) of Stock for which Incentive Stock Options are exercisable for the first time by any Participant during any calendar year (under all plans of the Company and its Subsidiaries) exceeds One
        Hundred Thousand Dollars ($100,000), such excess Incentive Stock Options shall be treated as Nonqualified Stock Options.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Voluntary Surrender</font></i><font size="2">. The Committee may permit the voluntary surrender of all or any portion of any Nonqualified Stock Option and its corresponding SAR, if any, granted under the Plan to be conditioned upon the granting to the Holder of a new Option for the same or a different number of shares
        as the Option surrendered or require such voluntary surrender as a condition precedent to a grant of a new Option to such Participant. Such new Option shall be exercisable at the Option Price, during the exercise period, and in accordance with any other terms or conditions specified by the Committee at the time the new Option is granted, all determined in accordance with the provisions of the Plan without regard to the Option Price, exercise period, or any other terms and conditions of
        the Nonqualified Stock Option surrendered.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Order of Exercise</font></i><font size="2">. Options granted under the Plan may be exercised in any order, regardless of the Date of Grant or the existence of any other outstanding Option.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Notice of Disposition</font></i><font size="2">. Participants shall give prompt notice to the Company of any disposition of Stock acquired upon exercise of an Incentive Stock Option if such disposition occurs within either two (2) years after the Date of Grant of such Option and/or one (1) year after the receipt
        of such Stock by the Holder.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Stock Appreciation Rights</font></u><font size="2">.&nbsp;&nbsp;Any Option granted under the Plan may include a SAR, either at the time of grant or by amendment except that in the case of an Incentive Stock Option, such SAR shall be granted only at the time of grant of the related Option.&nbsp;&nbsp;The
        Committee may also award to Participants SARs independent of any Option.&nbsp;&nbsp;A SAR shall be subject to such terms and conditions not inconsistent with the Plan as the Committee shall impose, including, but not limited to, the following:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Vesting</font></i><font size="2">. A SAR granted in connection with an Option shall become exercisable, be transferable and shall lapse according to the same vesting schedule, transferability and lapse rules that are established by the Committee for the Option. A SAR granted independent of an Option shall become
        exercisable, be transferable and shall lapse in accordance with a vesting schedule, transferability and lapse rules established by the Committee.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Failure to Exercise</font></i><font size="2">. If on the last day of the Option Period (or in the case of a SAR independent of an Option, the SAR period established by the Committee), the Fair Market value of the Stock exceeds the Option Price, the Holder has not exercised the Option or SAR, and neither the Option nor
        the SAR has lapsed, such SAR shall be deemed to have been exercised by the Holder on such last day and the Company shall make the appropriate payment therefor.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Payment</font></i><font size="2">. The amount of additional compensation which may be received pursuant to the award of one SAR is the excess, if any, of the Fair Market Value of one share of Stock on the Appreciation Date over the Option Price, as defined in Section 7(a), in the case of a SAR granted in connection
        with an Option, or the Fair Market Value of one (1) share of Stock on the Date of Grant, in the case of a SAR granted independent of an Option. The Company shall pay such excess in cash, in shares of Stock valued at Fair Market Value, or any combination thereof, as determined by the Committee. Fractional shares shall be settled in cash.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Designation of Appreciation Date</font></i><font size="2">. A Participant may designate an Appreciation Date at such time or times as may be determined by the Committee at the time of grant by filing an irrevocable written notice with the Committee or its designee, specifying the number of SARs to which the
        Appreciation Date relates, and the date on which such SARs were awarded. Such time or times determined by the Committee may take into account any applicable "window periods" required by Rule 16b-3 under the Exchange Act.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Expiration</font></i><font size="2">. Except as otherwise provided in the case of SARs granted in connection with Options, the SARs shall expire on a date designated by the Committee which is not later than ten (10) years after the date on which the SAR was awarded.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Performance Shares</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Award Grants</font></i><font size="2">. The Committee is authorized to establish Performance Share programs to be effective over designated Award Periods of not less than one (1) year nor more than five (5) years. At the beginning of each Award Period, the Committee will establish in writing Performance Goals based
        upon financial or other objectives for the Company for such Award Period and a schedule relating the accomplishment of the Performance Goals to the Awards to be earned by Participants. Performance Goals may include absolute or relative growth in earnings per share or rate of return on shareowners&rsquo; equity or other measurement of corporate performance and may be determined on an individual basis or by categories of Participants. The Committee may adjust Performance Goals or
        performance measurement standards as it deems equitable in recognition of extraordinary or non-recurring events experienced during an Award Period by the Company, a Subsidiary or by any other corporation whose performance is relevant to the determination of whether Performance Goals have been attained. The Committee shall determine the number of Performance Share Units to be awarded, if any, to each Participant who is selected to receive an Award. The Committee may add new Participants
        to a Performance Share program after its commencement by making pro rata grants.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Determination of Award</font></i><font size="2">. At the completion of a Performance Share program, or at other times as specified by the Committee, the Committee shall calculate the amount earned with respect to each Participant&rsquo;s award by multiplying the Fair Market Value on the Valuation Date by the number of
        Performance Share Units granted to the Participant and multiplying the amount so determined by a performance factor representing the degree of attainment of the Performance Goals.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Partial Awards</font></i><font size="2">. A Participant for less than a full Award Period, whether by reason of commencement or termination of employment or otherwise, shall receive such portion of an Award, if any, for that Award Period as the Committee shall determine.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Payment of Non-deferred Awards</font></i><font size="2">. The amount earned with respect to an Award shall be fully payable in shares of Stock based on the Fair Market Value on the Valuation Date; provided, however, that, at its discretion, the Committee may vary such form of payment as to any Participant upon the
        specific request of such Participant. Except as provided in subparagraph 9(e), payments of Awards shall be made as soon as practicable after the completion of an Award Period.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Deferral of Payment</font></i><font size="2">. A Participant may file a written election with the Committee to defer the payment of any amount otherwise payable pursuant to subparagraph 9(d) on account of an Award to a period commencing at such future date as specified in the election. Such election must be filed with
        the Committee by the last day of the month which is two-thirds of the way through but in no event later than the last day of the month which is six-months before the end of the Award Period during which the Award is earned, unless the Committee specifies an earlier filing date.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Separate Accounts</font></i><font size="2">. At the conclusion of each Award Period, the Committee shall cause a separate account to be maintained in the name of each Participant with respect to whom all or a portion of an Award of Performance Share Units earned under the Plan has been deferred. All amounts
        credited to such account shall be fully vested at all times.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Election of Form of Investment</font></i><font size="2">. Within sixty (60) days from the end of each Award Period, and at such time or times, if any, as the Committee may permit, a Participant may file a written election with the Committee of the percentage of the deferred portion of any Award of Performance Share
        Units which is to be expressed in the form of dollars and credited with interest, the percentage of such Award which is to be expressed in the form of Phantom Stock Units and the percentage of such Award which is to be deemed invested in any other hypothetical investment equivalent from time to time made available under the Plan by the Committee. In the event a Participant fails to file an election within the time prescribed, one hundred percent (100%) of the deferred portion of such
        Participant&rsquo;s Award shall be expressed in the form of Phantom Stock Units.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Interest Portion</font></i><font size="2">. The amount of interest credited with respect to the portion of an Award credited to the Participant&rsquo;s account which is deferred and credited with interest (the "Interest Portion") shall be equal to the amount such portion would have earned had it been credited with
        interest from the last day of the Award Period with respect to which the Award was made until the seventh (7th) business day preceding the date as of which payment is made, compounded annually, at the Company&rsquo;s rate of return on shareowners&rsquo; equity for each fiscal year that payment is deferred, or at such other rate as the Committee may from time to time determine. The Committee may, in its sole discretion, credit interest on amounts payable prior to the date on which the
        Company&rsquo;s rate of return on shareowners&rsquo; equity becomes ascertainable at the rate applicable to deferred amounts during the year immediately preceding the year of payment.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Phantom Stock Unit Portion</font></i><font size="2">. With respect to the portion of an Award credited to the Participant&rsquo;s account which is deferred and expressed in the form of Phantom Stock Units (the "Phantom Stock Unit Portion"), the number of Phantom Stock Units so credited shall be equal to the
        result of dividing (i) the Phantom Stock Unit Portion by (ii) the Fair Market Value on the date the Award Period ended.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Dividend Equivalents</font></i><font size="2">. Within thirty (30) days from the payment of a dividend by the Company on its Stock, the Phantom Stock Unit Portion of each Participant&rsquo;s account shall be credited with additional Phantom Stock Units the number of which shall be determined by (i) multiplying
        the dividend per share paid on the Company&rsquo;s Stock by the number of Phantom Stock Units credited to his account at the time such dividend was declared, then (ii) dividing such amount by the Fair Market Value on the payment date for such dividend.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Payment of Deferred Awards</font></i><font size="2">. Payment with respect to amounts credited to the account of a Participant shall be made in a series of annual installments over a period of ten (10) years, or such other period as the Committee may direct, or as the Committee may allow the Participant to elect, in
        either case at the time of the original deferral election. Except as otherwise provided by the Committee, each installment shall be withdrawn proportionately from the Interest Portion and from the Phantom Stock Unit Portion of a Participant&rsquo;s account based on the percentage of the Participant&rsquo;s account which he originally elected to be credited with interest and with Phantom Stock Units, or, if a later election has been permitted by the Committee and is then in effect, based
        on the percentage specified in such later election. Payments shall commence on the date specified by the Participant in his deferral election, unless the Committee in its sole discretion, at the time of the original deferral election, determines that payment shall be made over a shorter period or in more frequent installments, or commence on an earlier date, or any or all of the above. If a Participant dies prior to the date on which payment with respect to all amounts credited to his
        account shall have been completed, payment with respect to such amounts shall be made to the Participant&rsquo;s estate in a series of annual installments over a period of five (5) years, unless the Committee in its sole discretion determines that payment shall be made over a shorter period or in more frequent installments, or both. To the extent practicable, each installment payable hereunder shall approximate that part of the amount then credited to the Participant&rsquo;s or his
        estate's account which, if multiplied by the number of installments remaining to be paid would be equal to the entire amount then credited to the Participant&rsquo;s account.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Composition of Payment</font></i><font size="2">. The Committee shall cause all payments with respect to deferred Awards to be made in a manner such that not more than one-half of the value of each installment shall consist of Stock. To that end, payment with respect to the Interest Portion and the Phantom Stock
        Unit Portion of a Participant&rsquo;s account shall be paid in cash and Stock as the Committee shall determine in its sole discretion. The determination of any amount to be paid in cash for Phantom Stock Units shall be made by multiplying (i) the Fair Market Value of one share of Stock on the date as of which payment is made, by (ii) the number of Phantom Stock Units for which payment is being made. The determination of the number of shares of Stock, if any, to be distributed with
        respect to the Interest Portion of a Participant&rsquo;s account shall be made by dividing (i) one-half of the value of such portion on the date as of which payment is made, by (ii) the Fair Market Value of one (1) share of Stock on such date. Fractional shares shall be paid in cash.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Alternative Investment Equivalents</font></i><font size="2">. If the Committee shall have permitted Participants to elect to have deferred Awards of Performance Share Units invested in one or more hypothetical investment equivalents other than interest or Phantom Stock Units, such deferred Awards shall be credited with
        hypothetical investment earnings at such rate, manner and time as the Committee shall determine. At the end of the deferral period, payment shall be made in respect of such hypothetical investment equivalents in such manner and at such time as the Committee shall determine.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Adjustment of Performance Goals</font></i><font size="2">. The Committee may, during the Award Period, make such adjustments to Performance Goals as it may deem appropriate, to compensate for, or reflect, any significant changes that may have occurred during such Award Period in (i) applicable accounting rules or
        principles or changes in the Company&rsquo;s method of accounting or in that of any other corporation whose performance is relevant to the determination of whether an Award has been earned or (ii) tax laws or other laws or regulations that alter or affect the computation of the measures of Performance Goals used for the calculation of Awards.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Restricted Stock Awards and Phantom Stock Units</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Award of Restricted Stock and Phantom Stock Units</font></i><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee shall have the authority (1) to grant Restricted Stock and Phantom Stock Unit Awards, (2) to issue or transfer Restricted Stock to Participants, and (3) to establish terms, conditions and restrictions applicable to such Restricted Stock and Phantom Stock Units, including the Restricted Period, which may differ with
        respect to each grantee, the time or times at which Restricted Stock or Phantom Stock Units shall be granted or become vested and the number of shares or units to be covered by each grant.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Holder of a Restricted Stock Award shall execute and deliver to the Secretary of the Company an agreement with respect to Restricted Stock and escrow agreement satisfactory to the Committee and the appropriate blank stock powers with respect to the Restricted Stock covered by such agreements and shall pay to the Company, as the
        purchase price of the shares of Stock subject to such Award, the aggregate par value of such shares of Stock within sixty (60) days following the making of such Award. If a Participant shall fail to execute the agreement, escrow agreement and stock powers or shall fail to pay such purchase price within such period, the Award shall be null and void. Subject to the restrictions set forth in Section 10(b), the Holder shall generally have the rights and privileges of a shareowner as to such
        Restricted Stock, including the right to vote such Restricted Stock. At the discretion of the Committee, cash and stock dividends with respect to the Restricted Stock may be either currently paid or withheld by the Company for the Holder&rsquo;s account, and interest may be paid on the amount of cash dividends withheld at a rate and subject to such terms as determined by the Committee. Cash or stock dividends so withheld by the Committee shall not be subject to forfeiture.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the case of a Restricted Stock Award, the Committee shall then cause stock certificates registered in the name of the Holder to be issued and deposited together with the stock powers with an escrow agent to be designated by the Committee. The Committee shall cause the escrow agent to issue to the Holder a receipt evidencing any stock
        certificate held by it registered in the name of the Holder.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the case of a Phantom Stock Units Award, no shares of Stock shall be issued at the time the Award is made, and the Company will not be required to set aside a fund for the payment of any such Award. The Committee shall, in its sole discretion, determine whether to credit to the account of, or to currently pay to, each Holder of an Award of
        Phantom Stock Units an amount equal to the cash dividends paid by the Company upon one share of Stock for each Phantom Stock Unit then credited to such Holder&rsquo;s account ("Dividend Equivalents"). Dividend Equivalents credited to Holder&rsquo;s account shall be subject to forfeiture and may bear interest at a rate and subject to such terms as determined by the Committee.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Restrictions</font></i><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Restricted Stock awarded to a Participant shall be subject to the following restrictions until the expiration of the Restricted Period: (1) the Holder shall not be entitled to delivery of the stock certificate; (2) the shares shall be subject to the restrictions on transferability set forth in the grant; (3) the shares shall be
        subject to forfeiture to the extent provided in subparagraph (d) and, to the extent such shares are forfeited, the stock certificates shall be returned to the Company, and all rights of the Holder to such shares and as a shareowner shall terminate without further obligation on the part of the Company.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Phantom Stock Units awarded to any Participant shall be subject to the following restrictions until the expiration of the Restricted Period: (1) the units shall be subject to forfeiture to the extent provided in subparagraph (d), and to the extent such units are forfeited, all rights of the Holder to such units shall terminate without
        further obligation on the part of the Company and (2) any other restrictions which the Committee may determine in advance are necessary or appropriate.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee shall have the authority to remove any or all of the restrictions on the Restricted Stock and Phantom Stock Units whenever it may determine that, by reason of changes in applicable laws or other changes in circumstances arising after the date of the Restricted Stock Award or Phantom Stock Award, such action is
        appropriate.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Restricted Period</font></i><font size="2">. The Restricted Period of Restricted Stock and Phantom Stock Units shall commence on the Date of Grant and shall expire from time to time as to that part of the Restricted Stock and Phantom Stock Units indicated in a schedule established by the Committee with respect to the
        Award.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Forfeiture Provisions</font></i><font size="2">. In the event a Holder terminates employment or service as a director during a Restricted Period, that portion of the Award with respect to which restrictions have not expired ("Non-Vested Portion") shall be treated as follows.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resignation or discharge:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 2in; MARGIN-BOTTOM: 12pt"><font size="2">--&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Non-Vested Portion of the Award shall be completely forfeited.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Normal Termination:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 2in; MARGIN-BOTTOM: 12pt"><font size="2">--&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Non-Vested Portion of the Award shall be prorated for service during the Restricted Period and shall be received as soon as practicable following termination.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Death:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 2in; MARGIN-BOTTOM: 12pt"><font size="2">--&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Non-Vested Portion of the Award shall be prorated for service during the Restricted Period and paid to the Participant&rsquo;s estate as soon as practicable following death.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Delivery of Restricted Stock and Settlement of Phantom Stock Units</font></i><font size="2">. Upon the expiration of the Restricted Period with respect to any shares of Stock covered by a Restricted Stock Award, a stock certificate evidencing the shares of Restricted Stock which have not then been forfeited and with
        respect to which the Restricted Period has expired (to the nearest full share) shall be delivered without charge to the Holder, or his estate, free of all restrictions under the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">Upon the expiration of the Restricted Period with respect to any Phantom Stock Units covered by a Phantom Stock Unit Award, the Company shall deliver to the Holder or his estate without any charge one share of Stock for each Phantom Stock Unit which has not then been forfeited and with respect to which the Restricted Period has expired ("vested unit") and cash equal to any Dividend
        Equivalents credited with respect to each such vested unit and the interest thereon, if any; provided, however, that the Committee may, in its sole discretion, elect to pay cash or part cash and part Stock in lieu of delivering only Stock for vested units. If cash payment is made in lieu of delivering Stock, the amount of such payment shall be equal to the Fair Market Value for the date on which the Restricted Period lapsed with respect to such vested unit.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Payment for Restricted Stock</font></i><font size="2">. Except as provided in subparagraph 10(a)(ii), a Holder shall not be required to make any payment for Stock received pursuant to a Restricted Stock Award.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">General</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Additional Provisions of an Award</font></i><font size="2">. The award of any benefit under the Plan may also be subject to such other provisions (whether or not applicable to the benefit awarded to any other Participant) as the Committee determines appropriate including, without limitation, provisions to assist the
        Participant in financing the purchase of Common Stock through the exercise of Options, provisions for the forfeiture of or restrictions on resale or other disposition of shares acquired under any form of benefit, provisions giving the Company the right to repurchase shares acquired under any form of benefit in the event the Participant elects to dispose of such shares, and provisions to comply with Federal and state securities laws and Federal and state income tax withholding
        requirements.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Privileges of Stock Ownership</font></i><font size="2">. Except as otherwise specifically provided in the Plan, no person shall be entitled to the privileges of stock ownership in respect of shares of stock which are subject to Options or Restricted Stock Awards, Performance Share Unit Awards or Phantom Stock Unit
        Awards hereunder until such shares have been issued to that person upon exercise of an Option according to its terms or upon sale or grant of those shares in accordance with a Restricted Stock Award, Performance Share Unit Award or Phantom Stock Unit Award.</font></p>

        <p style="TEXT-ALIGN: left; MARGIN-TOP: 0pt; MARGIN-BOTTOM: 0pt">&nbsp;</p>
        <hr align="center" size="4" width="100%" noshade>

        <p style="PAGE-BREAK-BEFORE: always" align="left"></p>
        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Government and Other Regulations</font></i><font size="2">. The obligation of the Company to make payment of Awards in Stock or otherwise shall be subject to all applicable laws, rules, and regulations, and to such approvals by governmental agencies as may be required. The Company shall be under no obligation to
        register under the Securities Act any of the shares of Stock issued under the Plan. If the shares issued under the Plan may in certain circumstances be exempt from registration under the Securities Act, the Company may restrict the transfer of such shares in such manner as it deems advisable to ensure the availability of any such exemption.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Tax Withholding</font></i><font size="2">. Notwithstanding any other provision of the Plan, the Company or a Subsidiary, as appropriate, shall have the right to deduct from all Awards, to the extent paid in cash, all federal, state or local taxes as required by law to be withheld with respect to such Awards and, in
        the case of Awards paid in Stock, the Holder or other person receiving such Stock may be required to pay to the Company or a Subsidiary, as appropriate prior to delivery of such Stock, the amount of any such taxes which the Company or Subsidiary is required to withhold, if any, with respect to such Stock. Subject in particular cases to the disapproval of the Committee, the Company may accept shares of Stock of equivalent Fair Market Value in payment of such withholding tax obligations
        if the Holder of the Award elects to make payment in such manner at least six months prior to the date such tax obligation is determined.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Claim to Awards and Employment Rights</font></i><font size="2">. No employee or other person shall have any claim or right to be granted an Award under the Plan nor, having been selected for the grant of an Award, to be selected for a grant of any other Award. Neither this Plan nor any action taken hereunder shall be
        construed as giving any Participant any right to be retained in the employ of the Company or a Subsidiary.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Conditions</font></i><font size="2">. Each Participant to whom Awards are granted under the Plan shall be required to enter into an Incentive Plan Agreement in a form authorized by the Committee, which may include provisions that the Participant shall not disclose any confidential information of the Company or
        any of its Subsidiaries acquired during the course of such Participant&rsquo;s employment.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Payments Upon Death of Participant</font></i><font size="2">. Upon the death of a Participant in the Plan, the Company shall pay the amounts payable with respect to an Award of Performance Share Units, Phantom Share Units or Restricted Stock, if any, due under the Plan to the Participant's estate. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Payments to Persons Other than Participants</font></i><font size="2">. If the Committee shall find that any person to whom any amount is payable under the Plan is unable to care for his affairs because of illness or accident, or is a minor, or has died, then any payment due to such person or his estate (unless a prior
        claim therefor has been made by a duly appointed legal representative), may, if the Committee so directs the Company, be paid to his spouse, child, relative, an institution maintaining or having custody of such person, or any other person deemed by the Committee to be a proper recipient on behalf of such person otherwise entitled to payment. Any such payment shall be a complete discharge of the liability of the Committee and the Company therefor.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">No Liability of Committee Members</font></i><font size="2">. No member of the Committee shall be personally liable by reason of any contract or other instrument executed by such member or on his behalf in his capacity as a member of the Committee nor for any mistake of judgment made in good faith, and the
        Company shall indemnify and hold harmless each member of the Board and each other employee, officer or director of the Company to whom any duty or power relating to the administration or interpretation of the Plan may be allocated or delegated, against any cost or expense (including counsel fees) or liability (including any sum paid in settlement of a claim) arising out of any act or omission to act in connection with the Plan unless arising out of such person&rsquo;s own fraud or bad
        faith; </font><u><font size="2">provided</font></u><font size="2">, </font><u><font size="2">however</font></u><font size="2">, that approval of the Board shall be required for the payment of any amount in settlement of a claim against any such person. The foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled under the Company&rsquo;s Articles of Incorporation or By-Laws, as a matter of law, or otherwise,
        or any power that the Company may have to indemnify them or hold them harmless.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Governing Law</font></i><font size="2">. The Plan will be administered in accordance with federal laws, or in the absence thereof, the laws of the State of Florida.</font></p>

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        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Funding</font></i><font size="2">. Except as provided under Section 10, no provision of the Plan shall require the Company, for the purpose of satisfying any obligations under the Plan, to purchase assets or place any assets in a trust or other entity to which contributions are made or otherwise to segregate any
        assets, nor shall the Company maintain separate bank accounts, books, records, or other evidence of the existence of a segregated or separately maintained or administered fund for such purposes. Holders shall have no rights under the Plan other than as unsecured general creditors of the Company, except that insofar as they may have become entitled to payment of additional compensation by performance of services, they shall have the same rights as other employees under general
        law.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Nontransferability</font></i><font size="2">. A person&rsquo;s rights and interest under the Plan, including amounts payable, may not be sold, assigned, donated or transferred or otherwise disposed of, mortgaged, pledged or encumbered except by will or the laws of descent and distribution.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Reliance on Reports</font></i><font size="2">. Each member of the Committee shall be fully justified in relying, acting or failing to act, and shall not be liable for having so relied, acted or failed to act in good faith, upon any report made by the independent public accountant of the Company and its Subsidiaries and upon
        any other information furnished in connection with the Plan by any person or persons other than himself.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Relationship to Other Benefits</font></i><font size="2">. No payment under the Plan shall be taken into account in determining any benefits under any pension, retirement, profit sharing, group insurance or other benefit plan of the Company or any Subsidiary except as otherwise specifically provided.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Expenses</font></i><font size="2">. The expenses of administering the Plan shall be borne by the Company and its Subsidiaries.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(p)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Pronouns</font></i><font size="2">. Masculine pronouns and other words of masculine gender shall refer to both men and women.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(q)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><i><font size="2">Titles and Headings</font></i><font size="2">. The titles and headings of the sections in the Plan are for convenience of reference only, and in the event of any conflict, the text of the Plan, rather than such titles or headings shall control.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Changes in Capital Structure</font></u><font size="2">. Unless the Committee specifically determines otherwise, options, SARs, Restricted Stock Awards, Phantom Stock Unit Awards, Performance Share Unit Awards, and any agreements evidencing such Awards, and Performance Goals, shall be subject to adjustment or
        substitution as to the number, price or kind of a share of Stock or other consideration subject to such Awards or as otherwise determined by the Committee to be equitable (i) in the event of changes in the outstanding Stock or in the capital structure of the Company, or of any other corporation whose performance is relevant to the attainment of Performance Goals hereunder, by reason of stock dividends, stock splits, recapitalizations, reorganizations, mergers, consolidations,
        combinations, exchanges or other relevant changes in capitalization occurring after the Date of Grant of any such Award or (ii) in the event of any change in applicable laws or any change in circumstances which results in or would result in any substantial dilution or enlargement of the rights granted to, or available for, Participants in the Plan, or which otherwise warrants equitable adjustment because it interferes with the intended operation of the Plan. In addition, unless the
        Committee specifically determines otherwise, in the event of any such adjustments or substitution, the aggregate number of shares of Stock available under the Plan shall be appropriately adjusted by the Committee, whose determination shall be conclusive. Any adjustment in Incentive Stock Options under this Section 12 shall be made only to the extent not constituting a "modification" within the meaning of Section 424(h)(3) of the Code, and any adjustments under this Section 12 shall be
        made in a manner which does not adversely affect the exemption provided pursuant to Rule 16b-3 under the Exchange Act. The Company shall give each Participant notice of an adjustment hereunder and, upon notice, such adjustment shall be conclusive and binding for all purposes.</font></p>

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        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Effect of Change in Control</font></u><font size="2">.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of a Change in Control, notwithstanding any vesting schedule provided for hereunder or by the Committee with respect to an Award of Options, SARs, Phantom Stock Units or Restricted Stock, such Option or SAR shall become immediately exercisable with respect to one hundred percent (100%) of the shares subject to such Option or SAR,
        and the Restricted Period shall expire immediately with respect to one hundred percent (100%) of the Phantom Stock Units or shares of Restricted Stock subject to Restrictions; </font><u><font size="2">provided</font></u><font size="2">, </font><u><font size="2">however</font></u><font size="2">, that to the extent that so accelerating the time an Incentive Stock Option may first be exercised would cause the limitation provided in Section 7(f) to be exceeded, such Options shall instead
        first become exercisable in so many of the next following years as is necessary to comply with such limitation.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In the event of a Change in Control, all incomplete Award Periods in effect on the date the Change in Control occurs shall end on the date of such change, and the Committee shall, (i) determine the extent to which Performance Goals with respect to each such Award Period have been met based upon such audited or unaudited financial information
        then available as it deems relevant, (ii) cause to be paid to each Participant partial or full Awards with respect to Performance Goals for each such Award Period based upon the Committee&rsquo;s determination of the degree of attainment of Performance Goals, and (iii) cause all previously deferred Awards to be settled in full as soon as possible.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of the Company under the Plan shall be binding upon any successor corporation or organization resulting from the merger, consolidation or other reorganization of the Company, or upon any successor corporation or organization succeeding to substantially all of the assets and business of the Company. The Company agrees that it
        will make appropriate provisions for the preservation of Participant&rsquo;s rights under the Plan in any agreement or plan which it may enter into or adopt to effect any such merger, consolidation, reorganization or transfer of assets.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Payment to Specified Employee</font></u><font size="2">. Notwithstanding anything herein to the contrary, to the extent that the Participant is determined to be a specified employee as described in Code Section 409A(2)(B), then payments to the Participant may not be made before the date that is six (6) months after
        the Participant's separation from service.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Nonexclusivity of the Plan</font></u><font size="2">. Neither the adoption of this Plan by the Board nor the submission of this Plan to the shareowners of the Company for approval shall be construed as creating any limitations on the power of the Board to adopt such other incentive arrangements as it may deem
        desirable, including, without limitation, the granting of stock options otherwise than under this Plan, and such arrangements may be either applicable generally or only in specific cases.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 0.5in; MARGIN-BOTTOM: 12pt"><font size="2">16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font><u><font size="2">Amendments and Termination</font></u><font size="2">. </font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee may, without further action by the shareowners and without receiving further consideration from the participants, amend this Plan or condition or modify awards under this Plan in response to changes in securities or other laws or rules, regulations or regulatory interpretations thereof applicable to this Plan or to comply with
        applicable self-regulatory organization rules or requirements.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Committee may at any time and from time to time terminate or modify or amend the Plan in any respect, except that, without shareowner approval, the Committee may not materially amend the Plan, including, but not limited to, the following:</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;materially increase the number of shares of Common Stock to be issued under the Plan (other than pursuant to Sections 12 and 16(a));</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;materially increase benefits to participants, including any material change to (A) permit a repricing (or decrease in exercise price) of outstanding Stock Options, (B) reduce the price at which Stock Options may be offered, or (C) extend the duration of the Plan;</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;materially expand the class of participants eligible to participate in the Plan; and</font></p>

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        <PAGE>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1.5in; MARGIN-BOTTOM: 12pt"><font size="2">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;expand the types of Stock Options or other awards provided under the Plan.</font></p>

        <p style="TEXT-ALIGN: justify; MARGIN-TOP: 0pt; TEXT-INDENT: 1in; MARGIN-BOTTOM: 12pt"><font size="2">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The termination or any modification or amendment of the Plan, except as provided in subsection (a), shall not without the consent of a participant, affect his or her rights under an award previously granted to him or her.</font></p>


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