EXHIBIT 10.1 FORM OF EMPLOYMENT AGREEMENT FOR EXECUTIVE OFFICERS THIS AGREEMENT is made effective as of ________________, 1998, by and between PERPETUAL BANK, A FEDERAL SAVINGS BANK (the "BANK"), SOUTHBANC SHARES, INC. (the "COMPANY"), a Delaware...Employment Agreement • December 17th, 1997 • Southbanc Shares Inc • South Carolina
December 17, 1997 Boards of Directors SouthBanc Shares, M.H.C. Perpetual Bank, A Federal Savings Bank 907 North Main Street Anderson, South Carolina 29261 Gentlemen: Re: Plan of Conversion: Subscription Rights SouthBanc Shares, M.H.C....Plan of Conversion: Subscription Rights • December 17th, 1997 • Southbanc Shares Inc
August 28, 1997 Mr. Robert W. Orr President and Chief Executive Officer Perpetual Bank, a Federal Saving Bank 907 N. Main Street Anderson, South Carolina 29621 Dear Mr. Orr: This letter sets forth the agreement between Perpetual Bank, a Federal...Engagement Agreement • December 17th, 1997 • Southbanc Shares Inc
