AMENDMENT TO THE NEW CENTURY BANK DIRECTORS’ DEFERRAL PLAN DATED JUNE 30, 2003Directors’ Deferral Plan Amendment • July 30th, 2004 • New Century Bancorp Inc • State commercial banks
This Amendment, made and entered into this 28th day of July, 2004, by and between New Century Bank, a bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as the “Bank,” and certain Participants of the Bank, hereinafter referred to as the “Participant,” shall effectively amend the New Century Bank Directors’ Deferral Plan dated June 30, 2003, as specifically set forth herein. Said Agreement shall be amended as follows:
