AMENDMENT2003 Incentive Stock Option Agreement • April 15th, 2005 • LSB Bancshares Inc /Nc/ • State commercial banks
THIS AMENDMENT is made effective at 5:00 p.m. on the 11th day of April, 2005 (the “Effective Time”), by the Stock Option and Compensation Committee (the “Committee”) of the Board of Directors of LSB Bancshares, Inc., a North Carolina corporation (the “Company”). This Amendment applies to each of the award agreements (the “2003 Award Agreements”) with respect to the stock options awarded to employees on December 9, 2003 (the “2003 Employee Options”), under the LSB Bancshares, Inc. Omnibus Stock Incentive Plan (the “Plan”). All capitalized terms used but not defined herein or in the 2003 Award Agreements have the same meaning given them in the Plan. Each of the 2003 Award Agreements is amended as specified below.
