Employment AgreementEmployment Agreement • March 27th, 2009 • Crescent Financial Corp • State commercial banks • North Carolina
This Employment Agreement (this “Agreement”) is entered into effective as of this 10 day of September, 2008 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 27th, 2009 • Crescent Financial Corp • State commercial banks • North Carolina
This Employment Agreement (this “Agreement”) is entered into effective as of this 10 day of September, 2008 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.”
Crescent State Bank Second Amended Salary Continuation AgreementSalary Continuation Agreement • March 27th, 2009 • Crescent Financial Corp • State commercial banks • North Carolina
This Second Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 10 day of September, 2008 by and between Crescent State Bank, a North Carolina-chartered commercial bank (the “Bank”), and Michael G. Carlton, its Chief Executive Officer (the “Executive”).
Crescent State Bank Amended Salary Continuation AgreementSalary Continuation Agreement • March 27th, 2009 • Crescent Financial Corp • State commercial banks • North Carolina
This Amended Salary Continuation Agreement (this “Agreement”) is entered into as of this 10 day of September, 2008 by and between Crescent State Bank, a North Carolina-chartered commercial bank (the “Bank”), and Ray D. Vaughn, its Senior Vice President and Chief Operating Officer (the “Executive”).
