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Note 14: 2013 Equity Incentive Plan
 3 Months Ended
Jun. 30, 2013
Notes  
Note 14: 2013 Equity Incentive Plan

NOTE 14:  2013 EQUITY INCENTIVE PLAN

On May 15, 2013, the Company’s stockholders approved the Great Southern Bancorp, Inc. 2013 Equity Incentive Plan (the “2013 Plan”), which provides for the grant from time to time to directors, emeritus directors, officers, employees and advisory directors of stock options, stock appreciation rights and restricted stock awards.  Upon the stockholders’ approval of the 2013 Plan, the Company’s 2003 Stock Option and Incentive Plan (the “2003 Plan”) was frozen.  As a result, no new awards will be made under the 2003 Plan, but existing outstanding awards under the 2003 Plan will not be affected.

 

The number of shares of Common Stock available for awards under the 2013 Plan is 700,000, all of which may be utilized for stock options and stock appreciation rights and no more than 100,000 of which may be utilized for restricted stock awards.  Under the 2013 Plan, during any calendar year, the maximum aggregate number of shares with respect to which stock options and stock appreciation rights may be granted to any one individual is 50,000, and the maximum aggregate number of shares with respect to which restricted stock awards may be granted to any one individual is 30,000.