0001040799-16-000021 Sample Contracts

GENERAL RELEASE AGREEMENT

Severance Agreement • May 12th, 2016 • Four Oaks Fincorp Inc • State commercial banks

• Contract Type
  Severance Agreement
• Filed
  May 12th, 2016
• Company
  Four Oaks Fincorp Inc
• Industry
  State commercial banks

This SEVERANCE AND GENERAL RELEASE AGREEMENT (“Agreement”) is made and entered into between Four Oaks Bank & Trust Company (the “Bank”) and W. Leon Hiatt, III (“Employee”). Throughout the remainder of this Agreement, the Bank and Employee may be collectively referred to as the “Parties” and individually referred to as a “Party.”