409A Amendment to the Surrey Bank & Trust Directors’ Deferral PlanDirectors’ Deferral Plan Amendment • August 13th, 2008 • Surrey Bancorp • State commercial banks
This Amendment is intended to bring the Agreement into compliance with the requirements of Internal Revenue Code Section 409A. Accordingly, the intent of the parties hereto is that the Agreement shall be operated and interpreted consistent with the requirements of Section 409A. Therefore, the following changes shall be made:
AMENDMENT TO THE NEW CENTURY BANK DIRECTORS’ DEFERRAL PLAN DATED JUNE 30, 2003Directors’ Deferral Plan Amendment • July 30th, 2004 • New Century Bancorp Inc • State commercial banks
This Amendment, made and entered into this 28th day of July, 2004, by and between New Century Bank, a bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as the “Bank,” and certain Participants of the Bank, hereinafter referred to as the “Participant,” shall effectively amend the New Century Bank Directors’ Deferral Plan dated June 30, 2003, as specifically set forth herein. Said Agreement shall be amended as follows:
