THIS AGREEMENT IS SUBJECT TO ARBITRATION PURSUANT TO §15-48-10 OF THE SOUTH CAROLINA CODE OF LAWS (1976), AS AMENDED.Separation and Release Agreement • March 1st, 2011 • First Financial Holdings Inc /De/ • Savings institution, federally chartered • South Carolina
THIS SEPARATION AND RELEASE AGREEMENT (this "Agreement") is entered into and is effective as of this 1st day of March, 2011, (the "Effective Date") by and between First Financial Holdings, Inc. ("First Financial"); First Federal Savings and Loan Association of Charleston, ("First Federal"), their subsidiaries, affiliates, and related entities (collectively the "Company"), and A. Thomas Hood, a resident of Charleston County (the "Executive").
