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3 similar Salary Continuation Agreement contracts by Crescent Financial Corp

Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • November 8th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 23rd day of February, 2011 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Ray D. Vaughn (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of September 10, 2008, among the aforesaid parties, as amended from time to time (the “Agreement”).

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Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • November 8th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 23rd day of February, 2011 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Bruce W. Elder (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of October 24, 2007 among the aforesaid parties, as amended from time to time (the “Agreement”).

Amendment to Amended Salary Continuation Agreement
Salary Continuation Agreement • November 8th, 2011 • Crescent Financial Corp • State commercial banks

This Amendment to Amended Salary Continuation Agreement (this “Amendment”) is entered into effective as of this 23rd day of February, 2011 by and between Crescent State Bank, a North Carolina-chartered bank (the “Bank”), and Thomas E. Holder, Jr. (the “Executive”), and amends that certain Amended Salary Continuation Agreement effective as of October 24, 2007 among the aforesaid parties, as amended from time to time (the “Agreement”).

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