Employment AgreementEmployment Agreement • December 31st, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Employment Agreement (this “Agreement”) is entered into effective as of this 29 day of December, 2008 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.”
Amended Salary Continuation AgreementSalary Continuation Agreement • December 31st, 2008 • Crescent Financial Corp • State commercial banks • North Carolina
This Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 29 day of December, 2008 by and between Crescent State Bank, a North Carolina chartered commercial bank (the “Bank”), and W. Keith Betts, an executive of the Bank (the “Executive”).
