EMPLOYMENT AGREEMENT Amended and Restated as of June 16, 2015Employment Agreement • August 7th, 2015 • ASB Bancorp Inc • Savings institution, federally chartered • North Carolina
THIS EMPLOYMENT AGREEMENT (the “Agreement”) amends and restates as of June 16, 2015, the Employment Agreement dated as of the 18th day of December, 2012, by and between ASB BANCORP, INC., a North Carolina corporation (“Company”), ASHEVILLE SAVINGS BANK, S.S.B., a North Carolina chartered savings bank (the “Bank”), and Vikki D. Bailey (“Executive”). For purposes of this Agreement, the term “Employer” shall mean the Company and the Bank.
