SUPPLEMENTAL DIRECTOR RETIREMENT PLAN CRESCENT BANK AND TRUST COMPANY Jasper, Georgia Effective September 1, 2007Supplemental Director Retirement Plan • March 20th, 2008 • Crescent Banking Co • State commercial banks
This Supplemental Director Retirement Plan (the “Plan”) is effective as of September 1, 2007. This Plan formalizes the agreements by and between CRESCENT BANK AND TRUST COMPANY (the “Bank”), a state chartered commercial bank, and certain directors, hereinafter referred to as “Director(s)”, who have been selected and approved by the Bank to participate in this Plan and who have evidenced their participation by execution of a Supplemental Director Retirement Joinder Agreement (“Joinder Agreement”) in a form provided by the Bank. This Plan replaces the individual Director Supplemental Retirement Plan Agreements between the Bank and Directors and is intended to comply with Internal Revenue Code (“Code”) Section 409A and any regulatory or other guidance issued under such Section. Any reference herein to the “Company” shall mean CRESCENT BANKING COMPANY. The Company shall be a signatory to this Plan for the sole purpose of guaranteeing the Bank’s performance hereunder.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN CRESCENT BANK AND TRUST COMPANY Jasper, Georgia Effective September 1, 2007Supplemental Executive Retirement Plan • March 20th, 2008 • Crescent Banking Co • State commercial banks
This Supplemental Executive Retirement Plan (the “Plan”) is effective as of September 1, 2007. This Plan formalizes the agreements by and between CRESCENT BANK AND TRUST COMPANY (the “Bank”), a state chartered commercial bank, and certain key employees, hereinafter referred to as “Executive(s)”, who have been selected and approved by the Bank to participate in this Plan and who have evidenced their participation by execution of a Supplemental Executive Retirement Joinder Agreement (“Joinder Agreement”) in a form provided by the Bank. This Plan replaces the individual Executive Supplemental Retirement Plan Agreements between the Bank and Executives and is intended to comply with Internal Revenue Code (“Code”) Section 409A and any regulatory or other guidance issued under such Section. Any reference herein to the “Company” shall mean CRESCENT BANKING COMPANY. The Company shall be a signatory to this Plan for the sole purpose of guaranteeing the Bank’s performance hereunder.
FORM OF SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN JOINDER AGREEMENTSupplemental Executive Retirement Plan Joinder Agreement • March 20th, 2008 • Crescent Banking Co • State commercial banks
I, , and CRESCENT BANK AND TRUST COMPANY hereby agree, for good and valuable consideration, the value of which is hereby acknowledged, that I shall participate in the Supplemental Executive Retirement Plan (“Plan”) established as of September 1, 2007, by CRESCENT BANK AND TRUST COMPANY, as such Plan may now exist or hereafter be modified, and do further agree to the terms and conditions thereof.
FORM OF SUPPLEMENTAL DIRECTOR RETIREMENT PLAN JOINDER AGREEMENTSupplemental Director Retirement Plan Joinder Agreement • March 20th, 2008 • Crescent Banking Co • State commercial banks
I, , and CRESCENT BANK AND TRUST COMPANY hereby agree, for good and valuable consideration, the value of which is hereby acknowledged, that I shall participate in the Supplemental Director Retirement Plan (“Plan”) established as of September 1, 2007, by CRESCENT BANK AND TRUST COMPANY, as such Plan may now exist or hereafter be modified, and do further agree to the terms and conditions thereof.
