Common Contracts

2 similar Employment Agreement contracts by Crescent Financial Corp

EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina

This EMPLOYMENT AGREEMENT is entered into effective as of this 31st day of December, 2003, by and among Thomas E. Holder, Jr. (the “Executive”), Crescent Financial Corporation, a North Carolina Corporation, and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation. Crescent Financial Corporation and Crescent State Bank are hereinafter sometimes referred to together or individually as “Crescent.”

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EMPLOYMENT AGREEMENT
Employment Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina

This EMPLOYMENT AGREEMENT is entered into effective as of this 31st day of December, 2003, by and among Bruce W. Elder (the “Executive”), Crescent Financial Corporation, a North Carolina corporation, and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation. Crescent Financial Corporation and Crescent State Bank are hereinafter sometimes referred to together or individually as “Crescent.”

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