GUARANTEE AGREEMENT Crescent Financial Corporation Dated as of August 27, 2003Guarantee Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • New York
This GUARANTEE AGREEMENT (the “Guarantee”), dated as of August 27, 2003, is executed and delivered by Crescent Financial Corporation, incorporated in North Carolina (the “Guarantor”), and Wells Fargo Bank, National Association, a national banking association with its principal place of business in the State of Delaware, as trustee (the “Guarantee Trustee”), for the benefit of the Holders (as defined herein) from time to time of the Capital Securities (as defined herein) of Crescent Financial Capital Trust I, a Delaware statutory trust (the “Issuer”).
CRESCENT STATE BANK ENDORSEMENT SPLIT DOLLAR AGREEMENTEndorsement Split Dollar Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina
THIS ENDORSEMENT SPLIT DOLLAR AGREEMENT (this “Agreement”) is entered into as of this 1st day of October, 2003 by and between Crescent State Bank, a North Carolina-chartered commercial bank located in Cary, North Carolina (the “Bank”), and Thomas E. Holder, Jr., its Senior Vice President (the “Executive”). This Agreement shall append the Split Dollar Policy Endorsement entered into on even date herewith or as subsequently amended, by and between the aforementioned parties.
CRESCENT STATE BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina
THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of October, 2003, by and between Crescent State Bank, a North Carolina-chartered commercial bank (the “Bank”), and Bruce W. Elder, its Senior Vice President (the “Executive”).
EMPLOYMENT AGREEMENTEmployment Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina
This EMPLOYMENT AGREEMENT is entered into effective as of this 31st day of December, 2003, by and among Thomas E. Holder, Jr. (the “Executive”), Crescent Financial Corporation, a North Carolina Corporation, and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation. Crescent Financial Corporation and Crescent State Bank are hereinafter sometimes referred to together or individually as “Crescent.”
EMPLOYMENT AGREEMENTEmployment Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina
This EMPLOYMENT AGREEMENT is entered into effective as of this 31st day of December, 2003, by and among Michael G. Carlton (the “Executive”), Crescent Financial Corporation, a North Carolina corporation, and Crescent State Bank, a North Carolina-chartered bank and wholly owned subsidiary of Crescent Financial Corporation. Crescent Financial Corporation and Crescent State Bank are hereinafter sometimes referred to together or individually as “Crescent.”
CRESCENT STATE BANK SALARY CONTINUATION AGREEMENTSalary Continuation Agreement • March 30th, 2004 • Crescent Financial Corp • Savings institution, federally chartered • North Carolina
THIS SALARY CONTINUATION AGREEMENT (this “Agreement”) is made and entered into as of this 1st day of October, 2003, by and between Crescent State Bank, a North Carolina-chartered commercial bank (the “Bank”), and Michael G. Carlton, its Chief Executive Officer (the “Executive”).
