SEVERANCE COMPENSATION AGREEMENTSeverance Compensation Agreement • March 27th, 2007 • Four Oaks Fincorp Inc • State commercial banks • North Carolina
THIS AGREEMENT is entered into as of this 26th day of March, 2007, by and between FOUR OAKS BANK & TRUST COMPANY, a North Carolina banking corporation (the “Bank”), and W. LEON HIATT, III (“Employee”) and amends and restates the Severance Compensation Agreement dated October 10, 1994 between the Bank and Employee.
