(e) On November 14, 2012, the Board of Directors of Republic Bancorp, Inc. ("Republic") approved an amendment to Republic's 2005 Stock Incentive Plan (the "Plan") to eliminate the requirement that prohibited the transfer of certain shares acquired under the Plan for one year following the vesting or acquisition of shares. The Board of Directors or its Compensation Committee may still include such a requirement in individual grants under the Plan. Upon the approval of the amendment to the Plan, the Compensation Committee approved grants for a total of 82,000 shares of restricted stock, including grants to the following named executive officers: (i) Kevin Sipes (7,500 shares); (ii) A. Scott Trager (7,500 shares); and (iii) William R. Nelson (3,000 shares). The Restricted Stock Award Agreement for each newly issued restricted stock grant was amended to conform to the Plan changes.

The foregoing summary is qualified in its entirety by reference to the full text of the 2005 Stock Incentive Plan, as amended, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference, and the amended and revised Restricted Stock Award Agreement, a copy of which is attached hereto as Exhibit 10.2 and incorporated herein by reference.

(d) Exhibits.

Exhibit No.   Description of Exhibit
10.1          2005 Stock Incentive Plan, as amended on November 14, 2012
10.2          Restricted Stock Award Agreement, as amended on November 14, 2012