0001193125-06-055237 Sample Contracts

FIDELITY FEDERAL BANK & TRUST CHANGE IN CONTROL AGREEMENT FOR JOSEPH C. BOVA
Change in Control Agreement • March 16th, 2006 • Fidelity Bancshares Nc Inc /De/ • State commercial banks • Florida

This CHANGE IN CONTROL AGREEMENT (“Agreement”) is made effective as of December 20, 2005 by and between a Fidelity Federal Bank & Trust, a federally chartered stock savings bank (the “Bank”), and Joseph C. Bova (the “Executive”). Any reference to “Company” herein shall mean Fidelity Bankshares, Inc., or any successor thereto.

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FIDELITY BANKSHARES, INC. CHANGE IN CONTROL AGREEMENT FOR ROBERT L. FUGATE
Change in Control Agreement • March 16th, 2006 • Fidelity Bancshares Nc Inc /De/ • State commercial banks • Florida

This CHANGE IN CONTROL AGREEMENT (“Agreement”) is made effective as of December 20, 2005 by and between Fidelity Bankshares, Inc., a Delaware corporation (the “Company”) with its principal office at 205 Datura Street, West Palm Beach, Florida 33401, and Robert L. Fugate (the “Executive”).

FIDELITY FEDERAL BANK & TRUST EMPLOYMENT AGREEMENT FOR VINCE A. ELHILOW
Employment Agreement • March 16th, 2006 • Fidelity Bancshares Nc Inc /De/ • State commercial banks • Florida

This Agreement (this “Agreement”) is made effective as of the 20th day of December, 2005 by and between Fidelity Federal Bank & Trust (the “Bank”), a federally chartered stock savings bank, with its principal administrative office at 205 Datura Street, West Palm Beach, Florida 33401, and Vince A. Elhilow (“Executive”). Any references to the “Company” herein shall mean Fidelity Bankshares, Inc., a Delaware corporation which is the stock holding company of the Bank.

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