Midcarolina Financial Corp Sample Contracts

MIDCAROLINA BANK ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2004 by and between MidCarolina Bank, a North Carolina-chartered commercial bank (the “Bank”), and Randolph J. Cary, Jr., its President and Chief Executive Officer (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

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INDEMNIFICATION AGREEMENT
Indemnification Agreement • December 27th, 2005 • Midcarolina Financial Corp • State commercial banks • North Carolina

This Indemnification Agreement made this day of , 2005, between MidCarolina Financial Corporation, a North Carolina corporation (the “Corporation”) and , a director, officer, employee, agent, or representative (as hereinafter defined) of the Corporation (the “Indemnitee”).

NORTH CAROLINA
Employment Agreement • August 6th, 2008 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS EMPLOYMENT AGREEMENT (hereinafter the “Agreement”) is made as of the 27th day of May 2008, between CHRISTOPHER B. REDCAY (hereinafter “Employee”), a resident of Alamance County, North Carolina and MIDCAROLINA BANK, a commercial bank formed under the laws of the State of North Carolina and having its principal place of business in Alamance County, North Carolina (hereinafter “Bank” or “Employer”).

MIDCAROLINA BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of October, 2004, by and between MidCarolina Bank, a bank chartered under North Carolina law (the “Bank”), and Christopher B. Redcay, its Vice President and Chief Financial Officer (the “Executive”).

MIDCAROLINA BANK RESTATED SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • August 6th, 2008 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS RESTATED SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 27th day of May, 2008, by and between MidCarolina Bank, a bank chartered under North Carolina law (the “Bank”), and Charles T. Canaday, its President and Chief Executive Officer (the “Executive”),

SEVERANCE AGREEMENT
Severance Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

This SEVERANCE AGREEMENT (this “Agreement”) is entered into as of this 11th day of March, 2005, by and between MidCarolina Financial Corporation, a North Carolina corporation (“MidCarolina”), and Christopher B. Redcay, Chief Financial Officer (the “Executive”) of MidCarolina Bank, a North Carolina-chartered bank and wholly owned subsidiary of MidCarolina (the “Bank”).

MIDCAROLINA BANK RESTATED SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • August 6th, 2008 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS RESTATED SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 27th day of May, 2008, by and between MidCarolina Bank, a bank chartered under North Carolina law (the “Bank”), and Robert C. Patterson, its Senior Vice President and Chief Credit Officer (the “Executive”),

AMENDMENT OF STOCK OPTION AGREEMENT
Stock Option Agreement • December 27th, 2005 • Midcarolina Financial Corp • State commercial banks

This AMENDMENT OF STOCK OPTION AGREEMENT (this “Amendment”) is entered into as of this day of December, 2005, by and between MidCarolina Financial Corporation, a North Carolina corporation (“MidCarolina”), and the undersigned recipient (the “Optionee”) of stock options previously granted under MidCarolina’s Employee Stock Option Plan (the “Plan”).

AGREEMENT AND PLAN OF REORGANIZATION between AMERICAN NATIONAL BANKSHARES INC. and MIDCAROLINA FINANCIAL CORPORATION December 15, 2010
Merger Agreement • December 20th, 2010 • Midcarolina Financial Corp • State commercial banks • Virginia

THIS AGREEMENT AND PLAN OF REORGANIZATION (the “Agreement”) is made and entered into as of December 15, 2010, between AMERICAN NATIONAL BANKSHARES INC., a Virginia corporation (“ANB”), and MIDCAROLINA FINANCIAL CORPORATION, a North Carolina corporation (“MFC”).

STOCK OPTION GRANT AND AGREEMENT
Stock Option Grant Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS STOCK OPTION GRANT AND AGREEMENT (“Agreement”), being made according to and subject to the terms and conditions of the MIDCAROLINA FINANCIAL CORPORATION OMNIBUS STOCK OWNERSHIP AND LONG TERM INCENTIVE PLAN (“Plan”), a copy of which is attached hereto as Annex A and is hereby incorporated by reference and made a part of this Agreement, is herein executed and effective the day of , 2005, between MidCarolina Financial Corporation (the “Company”) and (“Optionee”):

AMENDMENT OF STOCK OPTION AGREEMENT
Stock Option Agreement • December 27th, 2005 • Midcarolina Financial Corp • State commercial banks

This AMENDMENT OF STOCK OPTION AGREEMENT (this “Amendment”) is entered into as of this day of December, 2005, by and between MidCarolina Financial Corporation, a North Carolina corporation (“MidCarolina”), and the undersigned recipient (the “Optionee”) of stock options previously granted under MidCarolina’s Employee Stock Option Plan (the “Plan”).

MIDCAROLINA BANK SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of October, 2004, by and between MidCarolina Bank, a bank chartered under North Carolina law (the “Bank”), and Robert C. Patterson, an officer of the Bank (the “Officer”).

AMENDMENT TO ENDORSEMENT SPLIT DOLLAR AGREEMENT OF MIDCAROLINA BANK AND
Endorsement Split Dollar Agreement • March 21st, 2008 • Midcarolina Financial Corp • State commercial banks

Whereas, MidCarolina Bank (the “Bank”) and (the “Executive”) are parties to an Endorsement Split Dollar Agreement dated , 2004 (the “Split Dollar Agreement”), previously amended by the parties to delete Section 2.2(b); and

SEVERANCE AGREEMENT
Severance Agreement • March 8th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

This SEVERANCE AGREEMENT (this “Agreement”) is entered into as of this day of March 7, 2006, by and between MidCarolina Financial Corporation, a North Carolina corporation (“MidCarolina”), and R. Craig Patterson, Senior Vice President and Chief Credit Officer (the “Executive”) of MidCarolina Bank, a North Carolina-chartered bank and wholly owned subsidiary of MidCarolina (the “Bank”).

MIDCAROLINA BANK ENDORSEMENT SPLIT DOLLAR AGREEMENT
Endorsement Split Dollar Agreement • March 29th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2004 by and between MidCarolina Bank, a North Carolina-chartered commercial bank (the “Bank”), and Robert C. Patterson, an officer of the Bank (the “Officer”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.

AMENDMENT TO ENDORSEMENT SPLIT DOLLAR AGREEMENT OF MIDCAROLINA BANK AND ROBERT C. PATTERSON
Endorsement Split Dollar Agreement • March 21st, 2008 • Midcarolina Financial Corp • State commercial banks

Whereas, MidCarolina Bank (the “Bank”) and Robert C. Patterson (the “Officer”) are parties to an Endorsement Split Dollar Agreement dated October 1, 2004 (the “Split Dollar Agreement”); and

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