CAPE FEAR BANK DIRECTOR ELECTIVE INCOME DEFERRAL AGREEMENTIncome Deferral Agreement • November 28th, 2006 • Cape Fear Bank CORP • National commercial banks • North Carolina
This DIRECTOR ELECTIVE INCOME DEFERRAL AGREEMENT (this “Agreement”) is entered into as of this 22nd day of November, 2006, by and among Cape Fear Bank, formerly known as Bank of Wilmington, a bank chartered under North Carolina law (the “Bank”), and Jerry D. Sellers, a non-employee director of the Bank (the “Director”).
SEVERANCE AGREEMENTSeverance Agreement • November 28th, 2006 • Cape Fear Bank CORP • National commercial banks • North Carolina
This SEVERANCE AGREEMENT is entered into as of this 22nd day of November, 2006, by and among Cape Fear Bank Corporation, a North Carolina corporation formerly known as Bank of Wilmington Corporation (the “Corporation”), Cape Fear Bank, formerly known as Bank of Wilmington, a North Carolina bank, and Larry W. Flowers, its Executive Vice President and Chief Credit Officer of the Corporation and the Bank (the “Executive”).
AMENDED EMPLOYMENT AGREEMENTAmended Employment Agreement • November 28th, 2006 • Cape Fear Bank CORP • National commercial banks • North Carolina
This AMENDED EMPLOYMENT AGREEMENT (this “Agreement”) is entered into effective as of this 22nd day of November, 2006, by and among Cape Fear Bank Corporation, a North Carolina corporation formerly known as Bank of Wilmington Corporation (the “Corporation”), Cape Fear Bank, formerly known as Bank of Wilmington, a bank chartered under North Carolina law and a wholly owned subsidiary of the Corporation (the “Bank”), and John Cameron Coburn, Chairman, President, and Chief Executive Officer of the Corporation and the Bank (the “Executive”). The Corporation and the Bank are referred to in this Agreement individually and together as the “Employer.”
