LSB BANCSHARES, INC. STOCK APPRECIATION RIGHTS AWARD AGREEMENT UNDER THE COMPREHENSIVE EQUITY COMPENSATION PLAN FOR DIRECTORS AND EMPLOYEESStock Appreciation Rights Award Agreement • December 23rd, 2005 • LSB Bancshares Inc /Nc/ • State commercial banks
THIS STOCK APPRECIATION RIGHTS AWARD AGREEMENT (the “Agreement” or “Award Agreement”) is entered into as of December 20, 2005 (the “Grant Date”), by LSB Bancshares, Inc., a North Carolina corporation (the “Company”), and ___(the “Grantee”) pursuant to the Company’s Comprehensive Equity Compensation Plan for Directors and Employees (the “Plan”). Any capitalized term not defined herein shall have the same meaning ascribed to it in the Plan.
LSB BANCSHARES, INC. COMPREHENSIVE EQUITY COMPENSATION PLAN FOR DIRECTORS AND EMPLOYEES DIRECTOR FEE DEFERRAL AGREEMENTDirector Fee Deferral Agreement • December 23rd, 2005 • LSB Bancshares Inc /Nc/ • State commercial banks • North Carolina
THIS DIRECTOR FEE DEFERRAL AGREEMENT (“Deferral Agreement”) is between LSB Bancshares, Inc., a North Carolina corporation (the “Company”), and the Participant named above (“Participant”). This Deferral Agreement together with any attachments is an “Award Agreement” within the meaning of and made pursuant and subject to the provisions of the LSB Bancshares, Inc. Comprehensive Equity Compensation Plan for Directors and Employees (the “Equity Plan”), a copy of which has been furnished to Participant. All capitalized terms used but not defined herein have the same meaning given them in the Equity Plan.
