Bank of the Ozarks (OZRK)

ON EXECUTIVE COMPENSATION

The Personnel and Compensation Committee (the “Compensation Committee”) of the Board of Directors (the “Board”) has responsibility for reviewing, evaluating and approving the compensation plans, policies and programs of the Company. The Compensation Committee is responsible for reviewing and approving compensation for the Company’s directors, officers and other personnel, including awards under incentive compensation, bonus and equity-based plans. The Compensation Committee annually reviews and approves corporate goals and objectives relevant to CEO compensation, evaluates the CEO’s performance in light of those goals and objectives and establishes the CEO’s compensation based on this evaluation. The Compensation Committee’s review and approval of compensation includes the total compensation, if any, potentially payable to the CEO and other senior executives under all reasonable scenarios, including death or disability, retirement, voluntary termination, involuntary termination and changes of control.

ON EXECUTIVE COMPENSATION

The Personnel and Compensation Committee (the “Compensation Committee”) is responsible for determining compensation levels for the Company’s directors, officers and personnel and for determining the policies that govern the Company’s compensation and benefit plans. The Compensation Committee reviews and approves the compensation of all directors, officers and other personnel, including incentive-compensation plans and equity-based plans, the total compensation potentially payable to the CEO and other senior executives under all reasonable scenarios, including death or disability, retirement, voluntary termination, involuntary termination with and without cause and changes of control, reviews and approves corporate goals and objectives relevant to CEO compensation, evaluates the CEO’s performance in light of those goals and objectives, and recommends to the Board the CEO’s compensation levels based on this evaluation.

The Compensation Committee considers its duties to also include articulation of the compensation philosophy to shareholders and the investing public in the areas of executive pay philosophy, oversight and the performance-based orientation of overall compensation for the senior executives of the Company.