COMPREHENSIVE EQUITY COMPENSATION PLAN FOR DIRECTORS AND EMPLOYEES INCENTIVE STOCK OPTION AWARD AGREEMENT FOR AN EMPLOYEE LSB BANCSHARES, INC.Incentive Stock Option Award Agreement • December 23rd, 2004 • LSB Bancshares Inc /Nc/ • State commercial banks • North Carolina
THIS AWARD AGREEMENT is between LSB Bancshares, Inc., a North Carolina corporation (the “Company”), and the above-named Participant (“Participant”), and is made pursuant and subject to the provisions of the LSB Bancshares, Inc. Comprehensive Equity Compensation Plan for Directors and Employees (the “Plan”), a copy of which has been furnished to Participant. All capitalized terms used but not defined herein have the same meaning given them in the Plan.
