0000950144-05-004391 Sample Contracts

TRANSITION AGREEMENT AND RELEASE
Transition Agreement • April 27th, 2005 • First Charter Corp /Nc/ • National commercial banks • North Carolina

THIS TRANSITION AGREEMENT AND RELEASE (the “Agreement”) made and entered into by and between LAWRENCE M. KIMBROUGH (the “Executive”) and FIRST CHARTER CORPORATION, a North Carolina corporation (“First Charter”) (collectively defined and referred to as the “Parties”);

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