COMPREHENSIVE EQUITY COMPENSATION PLAN FOR DIRECTORS AND EMPLOYEES DIRECTOR FEE DEFERRAL AGREEMENT LSB BANCSHARES, INC.Director Fee Deferral Agreement • December 29th, 2004 • LSB Bancshares Inc /Nc/ • State commercial banks • North Carolina
THIS DIRECTOR FEE DEFERRAL AGREEMENT (“Deferral Agreement”) is between LSB Bancshares, Inc., a North Carolina corporation (the “Company”), and the Participant named above (“Participant”). This Deferral Agreement together with any attachments is an “Award Agreement” within the meaning of and made pursuant and subject to the provisions of the LSB Bancshares, Inc. Comprehensive Equity Compensation Plan for Directors and Employees (the “Equity 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 Equity Plan.
