Common use of EMPLOYEE DIRECTORS Clause in Contracts

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of ______ shares of Common Stock of Reserve Bancorp, Inc. (the "Company") is hereby granted to ________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2003 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with --- Options granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of _______ shares of Common Stock of Reserve BancorpSynergy Financial Group, Inc. (the "Company") is hereby granted to ____________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2003 2004 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with --- Options granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of _________ shares of Common Stock of Reserve SFB Bancorp, Inc. (the "Company") is hereby granted to ___________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2003 1998 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with --- Options granted under Section 422 of the Internal Revenue Code of 1986, as amended.

EMPLOYEE DIRECTORS. STOCK OPTIONS for a total of _________ shares of Common Stock of Reserve Community First Bancorp, Inc. (the "Company") is hereby granted to ________________ (the "Optionee") at the price determined as provided in, and in all respects subject to the terms, definitions and provisions of the 2003 2004 Stock Option Plan (the "Plan") adopted by the Company which is incorporated by reference herein, receipt of which is hereby acknowledged. Such Stock Options do not comply with --- Options granted under Section 422 of the Internal Revenue Code of 1986, as amended.