0001144204-09-065150 Sample Contracts

SECOND AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT
Supplemental Retirement Agreement • December 17th, 2009 • Atlantic Coast Federal Corp • Savings institution, federally chartered • Georgia

THIS SECOND AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT (the “Agreement”) is made as of December 11, 2009 by and between ATLANTIC COAST BANK (the “Bank”), its successors and assigns and CARL W. INSEL. (the “Executive”). The original agreement, which was last amended and restated effective January 1, 2006, is being amended and restated to make certain changes to the Agreement’s vesting and benefit calculation provisions.

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EMPLOYMENT AGREEMENT
Employment Agreement • December 17th, 2009 • Atlantic Coast Federal Corp • Savings institution, federally chartered • Georgia

This Employment Agreement (“Agreement”) is made by and between Atlantic Coast Bank (the “Bank”), and Robert J. Larison, Jr. (“Executive”) this 11th day of December, 2009 and is effective as of such date (the “Effective Date”). References herein to the “Company” mean Atlantic Coast Federal Corporation, which owns 100% of the common stock of the Bank. The Company is a signatory to this Agreement for the sole purpose of guaranteeing the Bank’s performance hereunder.

THIRD AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT
Supplemental Retirement Agreement • December 17th, 2009 • Atlantic Coast Federal Corp • Savings institution, federally chartered • Georgia

THIS THIRD AMENDED AND RESTATED SUPPLEMENTAL RETIREMENT AGREEMENT (the “Agreement”) is made as of December 11, 2009 by and between ATLANTIC COAST BANK (the “Bank”), its successors and assigns and ROBERT J. LARISON, JR. (the “Executive”). The original agreement, which was effective January 1, 2005, is being amended and restated to make certain changes to the Agreement’s vesting and benefit calculation provisions.

NON-COMPETE AND NON-SOLICITATION AGREEMENT
Non-Compete and Non-Solicitation Agreement • December 17th, 2009 • Atlantic Coast Federal Corp • Savings institution, federally chartered • Georgia

This NON-COMPETE AND NON-SOLICITATION AGREEMENT (the “Agreement”) is dated as of December 11, 2009, by and between Robert J. Larison, Jr. (“Executive”) and Atlantic Coast Bank (the “Bank”), a wholly-owned subsidiary of Atlantic Coast Federal Corporation (the “Company”).

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