Employment AgreementEmployment Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Employment Agreement (this “Agreement”) is entered into effective as of this 24 day of October, by and among Michael G. Carlton (the “Executive”), Crescent Financial Corporation, a North Carolina corporation (the “Corporation”), and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation (the “Bank”). The Corporation and the Bank are hereinafter sometimes referred to together or individually as the “Employer.”
Employment AgreementEmployment Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Employment Agreement (this “Agreement”) is entered into effective as of this 24 day of October, 2007, by and among Bruce W. Elder (the “Executive”), Crescent Financial Corporation, a North Carolina corporation (the “Corporation”), and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation (the “Bank”). The Corporation and the Bank are hereinafter sometimes referred to together or individually as the “Employer.”
Crescent State Bank Endorsement Split Dollar AgreementEndorsement Split Dollar Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Endorsement Split Dollar Agreement (this “Agreement”) is entered into as of this 24th day of October, 2007 by and between Crescent State Bank, a North Carolina-chartered commercial bank (the “Bank”), and Ray Vaughn, an executive of the Bank (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.
Crescent State Bank Amended Salary Continuation AgreementSalary Continuation Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 24 day of October, 2007, by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Thomas E. Holder Jr., its Senior Credit Officer (the “Executive”).
Employment AgreementEmployment Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Employment Agreement (this “Agreement”) is entered into effective as of this 24 day of October, 2007, by and among Ray D. Vaughn (the “Executive”), Crescent Financial Corporation, a North Carolina corporation (the “Corporation”), and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation (the “Bank”). The Corporation and the Bank are hereinafter sometimes referred to together or individually as the “Employer.”
Amended Employment AgreementEmployment Agreement • March 11th, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Amended Employment Agreement (this “Agreement”) is entered into effective as of this24 day of October, 2007, by and among W. Keith Betts (the “Executive”), Crescent Financial Corporation, a North Carolina corporation (the “Corporation”), and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of the Corporation (the “Bank”). The Corporation and the Bank are hereinafter sometimes referred to together or individually as “Employer.”
