RETIREMENT AND TRANSITION AGREEMENTRetirement and Transition Agreement • July 22nd, 2011 • Yadkin Valley Financial Corp • State commercial banks • North Carolina
This RETIREMENT AND TRANSITION AGREEMENT (“this Agreement”) is made and entered into by and between F. Spencer Cosby, Jr. (“Cosby”) a resident of the state of North Carolina, on the one hand, and SIDUS Financial, LLC, (the “Company”) a North Carolina limited liability company and a wholly owned subsidiary of Yadkin Valley Bank and Trust, (the “Bank”) a North Carolina state bank, on the other hand. The Bank and the Company are collectively referred to herein as the “Employer”.
