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3 similar Salary Continuation Agreement contracts by Crescent Financial Corp

Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • March 29th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 31st day of December, 2010 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Bruce W. Elder (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of October 24, 2007 among the aforesaid parties (the “Agreement”).

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Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • March 29th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 31st day of December, 2010 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Thomas E. Holder, Jr. (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of October 24, 2007 among the aforesaid parties (the “Agreement”).

Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • March 29th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 31st day of December, 2010 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Ray D. Vaughn (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of September 10, 2008 among the aforesaid parties (the “Agreement”).

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