Hfnc Financial Corp Sample Contracts

Hfnc Financial Corp – AGREEMENT (May 29th, 1998)

Exhibit 99.1 Press Release issued on May 18, 1998 with respect to the Agreement FIRST CHARTER CORPORATION AND HFNC FINANCIAL ANNOUNCE DEFINITIVE MERGER AGREEMENT CONCORD, N.C., May 18 - First Charter Corporation ("First Charter") (Nasdaq:FCTR) and HFNC Financial Corporation ("HFNC") (Nasdaq:HFNC) announced today that they have entered into a definitive agreement to merge. Under the terms of the agreement, HFNC will be merged into First Charter. The transaction is a stock-for-stock exchange of 0.57 shares of First Charter common stock for each share of HFNC common stock, is intended to be tax-free to the shareholders of HFNC, and will be accounted for as a pooling of interests. Based on First Charter's closing price of $24.50 per share on May 15, 1998, the transaction amounts to approximately $13.97 per share, or $241 million in aggregate va

Hfnc Financial Corp – STOCK OPTION PLAN (June 16th, 1997)

HFNC FINANCIAL CORP. STOCK OPTION PLAN ARTICLE I ESTABLISHMENT OF THE PLAN HFNC Financial Corp. (the "Corporation") hereby establishes this Stock Option Plan (the "Plan") upon the terms and conditions hereinafter stated. ARTICLE II PURPOSE OF THE PLAN The purpose of this Plan is to improve the growth and profitability of the Corporation and its Subsidiary Companies by providing Employees and Non-Employee Directors with a proprietary interest in the Corporation as an incentive to contribute to the success of the Corporation and its Subsidiary Companies, and rewarding those Employees f