0001626129-16-000754 Sample Contracts

EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina

THIS AGREEMENT is entered into as of June 6, 2006, by and between CAROLINA TRUST BANK, a North Carolina banking corporation (hereinafter referred to as the “Bank”) and RICHARD M. RAGER, an individual resident of North Carolina (hereinafter referred to as the “Officer”).

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AMENDMENT NUMBER TWO TO EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.

This Amendment Number Two is made as of August 1, 2014, to the Employment Agreement dated January 2, 2014 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Jerry L. Ocheltree (“Executive”). All capitalized terms shall have the same meaning as in the Agreement.

EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina

THIS EMPLOYMENT AGREEMENT (the “Agreement”) is entered into as of May 25, 2016 (the “Effective Date”), by and between CAROLINA TRUST BANK, a North Carolina banking corporation (the “Bank”) and EDWIN E. LAWS, an individual resident of North Carolina (the “Officer”). The Bank and Officer are sometimes herein referred to each as a “Party” and together as the “Parties.”

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina

This EXECUTIVE EMPLOYMENT AGREEMENT (this “Agreement”), effective as of January 2, 2014 (the “Effective Date”), by and between Carolina Trust Bank, a North Carolina banking association (the “Bank”) with its principal location in Lincolnton, North Carolina, and Jerry L. Ocheltree (the “Executive”), collectively (the “Parties”).

AMENDMENT NUMBER TWO TO EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.

This Amendment Number Two is made as of December 1, 2008, to the Employment Agreement dated as of June 6, 2006 (the “Agreement”), by and between Carolina Trust Bank and Richard Rager (“Officer”). This Amendment is being made solely to conform the provisions of the Agreement to the requirements of Section 409A and 280G(e) of the Internal Revenue Code of 1986, as amended (“Code”).

AMENDMENT NUMBER ONE TO EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.

This Amendment Number One is made as of August 1, 2014, to the Employment Agreement dated January 2, 2014 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Jerry L. Ocheltree (“Executive”). All capitalized terms shall have the same meaning as in the Agreement.

AMENDMENT NUMBER THREE TO EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.

This Amendment Number Three is made as of March 1, 2014, to the Employment Agreement dated as of June 6, 2006 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Richard Rager (“Officer”). All capitalized terms shall have the same meaning as in the Agreement.

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AGREEMENT
Supplemental Executive Retirement Plan Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina

THIS AGREEMENT, made and entered into this 1st day of January, 2014, by and between Carolina Trust Bank, a bank organized and existing under the laws of the State of North Carolina (hereinafter referred to as the “Bank”), and Jerry L. Ocheltree, an Executive of the Bank (hereinafter referred to as the “Executive”).

AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGE
Agreement and Plan of Reorganization and Share Exchange • August 16th, 2016 • Carolina Trust BancShares, Inc. • North Carolina

THIS AGREEMENT AND PLAN OF REORGANIZATION AND SHARE EXCHANGE (this “Agreement”), is made and entered into as of March 30, 2016, by and between CAROLINA TRUST BANK, a banking corporation incorporated under the laws of the State of North Carolina and having its principal place of business in Lincolnton, North Carolina (the “Bank”), and CAROLINA TRUST BANCSHARES, INC., a North Carolina business corporation (the “Holding Company”).

AMENDMENT NUMBER ONE TO EMPLOYMENT AGREEMENT
Employment Agreement • August 16th, 2016 • Carolina Trust BancShares, Inc.

This Amendment Number One is made as of November 1, 2007, to the Employment Agreement dated as of June 6, 2006 (the “Agreement”), by and between Carolina Trust Bank (the “Bank”) and Richard Rager. This Amendment is being made solely to conform the provisions of the Agreement with the requirements of Section 409A of the Internal Revenue Code of 1986, as amended.

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