AMENDMENT AND WAIVER TO EMPLOYMENT CONTINUITY AGREEMENT
Exhibit 10.30
AMENDMENT AND WAIVER
TO
EMPLOYMENT CONTINUITY
AGREEMENT
TO
EMPLOYMENT CONTINUITY
AGREEMENT
LSB Bancshares, Inc. (“Corporation”) and Xxxxx X. Xxxxxxxxx hereby agrees as follows:
1. Xx. Xxxxxxxxx hereby consents and agrees that neither the merger of FNB Financial Services
Corporation (“FNB”) with and into the Corporation nor the merger of FNB’s banking subsidiary, FNB
Southeast, with and into Lexington State Bank shall be deemed a “Covered Transaction” for purposes
of Section 4 of the Employment Continuity Agreement between the Corporation and Xx. Xxxxxxxxx dated
as of August 16, 2004 (“Agreement”).
2. The Agreement shall continue in full force and effect.
This the 8th day of June, 2007.
/s/ Xxxxx X. Xxxxxxxxx | ||||
Xxxxx X. Xxxxxxxxx |
||||
LSB Bancshares, Inc. | ||||
By: | /s/Xxxxxx X. Xxxx | |||
Xxxxxx X. Xxxx |