NONCOMPETITION AGREEMENTNoncompetition Agreement • March 15th, 2013 • Park Sterling Corp • State commercial banks
THIS NONCOMPETITION AGREEMENT dated as of May 13, 2012 (the “Agreement”) is made and entered into by and between Park Sterling Corporation, a North Carolina corporation (the “Corporation”), and Kim S. Price (the “Executive”), President and Chief Executive Officer of Citizens South Banking Corporation, a Delaware corporation. Citizens South Banking Corporation and its wholly owned subsidiary Citizens South Bank are collectively referred to as “Citizens South.”
Park Sterling CorporationConsulting Agreement • March 15th, 2013 • Park Sterling Corp • State commercial banks • North Carolina
The purpose of this consulting agreement (the “Agreement”) is to set forth our agreement and understanding regarding the terms of your retention as a consultant to Park Sterling Corporation (the “Corporation”) following the consummation of the transactions contemplated by the Agreement and Plan of Merger dated as of May 13, 2012 (the “Merger Agreement”) between the Corporation and Citizens South Banking Corporation (“Citizens South”).
WAIVER AND SETTLEMENT AGREEMENTWaiver and Settlement Agreement • March 15th, 2013 • Park Sterling Corp • State commercial banks • North Carolina
THIS WAIVER AND SETTLEMENT AGREEMENT (the “Agreement”) is entered into as of May 13, 2012, by and between Park Sterling Corporation, a North Carolina corporation (“Park Sterling”), Citizens South Banking Corporation (“Citizens South”), a Delaware corporation, Citizens South Bank, (the “Bank”), a wholly-owned subsidiary of Citizens South, and Kim S. Price (the “Executive”).
