0000950144-04-002433 Sample Contracts

EMPLOYMENT CONTINUITY AGREEMENT
Waiver and Release Agreement • March 15th, 2004 • LSB Bancshares Inc /Nc/ • State commercial banks • North Carolina

THIS EMPLOYMENT CONTINUITY AGREEMENT (this “Agreement”) is between LSB BANCSHARES, INC., a North Carolina Corporation (referred to in this Agreement as the “Company,” which term includes any subsidiary of the Company unless the context clearly indicates otherwise), and ROBERT E. LINEBACK, JR., an executive of the Company and a resident of North Carolina (the “Executive”), and is effective as of January 1, 2004 (the “Effective Date”).

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EMPLOYMENT CONTINUITY AGREEMENT
Employment Continuity Agreement • March 15th, 2004 • LSB Bancshares Inc /Nc/ • State commercial banks • North Carolina

THIS EMPLOYMENT CONTINUITY AGREEMENT (this “Agreement”) is between LSB BANCSHARES, INC., a North Carolina Corporation (referred to in this Agreement as the “Company,” which term includes any subsidiary of the Company unless the context clearly indicates otherwise), and KATHY V. RICHARDSON, an executive of the Company and a resident of North Carolina (the “Executive”), and is effective as of January 1, 2004 (the “Effective Date”).

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