0000897509-05-000009 Sample Contracts

EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • March 16th, 2005 • Flag Financial Corp • Savings institution, federally chartered • Georgia

THIS AGREEMENT, made and entered into this 11th day of November, 2004, by and between Flag Bank, a Bank organized and existing under the laws of the State of Georgia (hereinafter referred to as the “Bank”), Flag Financial Corporation (hereinafter referred to as the “Holding Company”), and Joseph Daniel Speight, Jr., an Executive of the Bank (hereinafter referred to as the “Executive”).

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WARRANT AGREEMENT AND FORM OF WARRANT
Warrant Agreement and Form of Warrant • March 16th, 2005 • Flag Financial Corp • Savings institution, federally chartered • Georgia

WARRANT AGREEMENT (the "Agreement"), dated as of ____________, between FLAG FINANCIAL CORPORATION, a Georgia corporation (the "Company"), and _______(the "Holder").

FLAG FINANCIAL CORPORATION INCENTIVE STOCK OPTION AGREEMENT
Incentive Stock Option Agreement • March 16th, 2005 • Flag Financial Corp • Savings institution, federally chartered • Delaware

This Incentive Stock Option Agreement (the “Agreement”) is entered into as of the _________ day of __________________, ________, by and between FLAG Financial Corporation (the “Company”) and ________________________________ (“Optionee”).

FLAG FINANCIAL CORPORATION NONQUALIFIED STOCK OPTION AGREEMENT
Nonqualified Stock Option Agreement • March 16th, 2005 • Flag Financial Corp • Savings institution, federally chartered • Delaware

This Nonqualified Stock Option Agreement (the “Agreement”) is entered into as of the ______ day of _______________, _______ by and between FLAG Financial Corporation (the “Company”) and (“Optionee”).

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