Administration. The Plan will be administered by the compensation committee (the “Committee”) of the board of directors (the “Board”) of ServisFirst. The Committee has full authority to interpret the Plan, including the authority to: # designate participants for a particular performance period; # establish performance goals and objectives for each performance period; # consider the achievement of the performance goals and determine whether any awards will be made under this Plan for a given performance period; # establish regulations for the administration of the Plan; and # make all determinations necessary for the administration of the Plan. All decisions by the Committee regarding the Plan will be final, conclusive, and binding on all persons, including the participants and the Company.
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