0001193125-06-047884 Sample Contracts

SEVERANCE AGREEMENT

Severance Agreement • March 8th, 2006 • Midcarolina Financial Corp • State commercial banks • North Carolina

• Contract Type
  Severance Agreement
• Filed
  March 8th, 2006
• Company
  Midcarolina Financial Corp
• Industry
  State commercial banks
• Jurisdiction
  North Carolina

This SEVERANCE AGREEMENT (this “Agreement”) is entered into as of this day of March 7, 2006, by and between MidCarolina Financial Corporation, a North Carolina corporation (“MidCarolina”), and R. Craig Patterson, Senior Vice President and Chief Credit Officer (the “Executive”) of MidCarolina Bank, a North Carolina-chartered bank and wholly owned subsidiary of MidCarolina (the “Bank”).