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Protection Agreements

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$35	Preview Full Doc	2006	Change in Control Protection Agreement Change in Control Protection Agreement (15K) Doc #965202: Click preview link for longer preview. EXHIBIT 10.3 EXHIBIT 10.3 Exhibit 10.3 CHANGE IN CONTROL PROTECTION AGREEMENT AGREEMENT effective as of this day of 200 by and between Cooperative Bank, a North Carolina-chartered commercial bank (the “Bank”), and , an individual (the “Employee”) . . . 965202	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – IN CONTROL. A “Change in Control” shall be deemed to have occurred in any one of the following events: (a) Merger: The Bank’s parent holding company, Cooperative Bankshares, Inc. , (the “Company”) merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined _____________ dt 1470080 ;	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – IN CONTROL. A “Change in Control” shall be deemed to have occurred in any one of the following events: (a) Merger: The Bank’s parent holding company, Cooperative Bankshares, Inc. , (the “Company”) merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined _____________ dt 1462966
$40	Preview Full Doc	2004	Change in Control Protection Agreement Change in Control Protection Agreement (21K) Doc #965252: Click preview link for longer preview. AGREEMENT effective as of this 3rd day of June 2004 by and between Cooperative Bank, a North Carolina-chartered commercial bank (the "Bank"), and O.C. Burrell, Jr., an individual (the "Employee"). WHEREAS, the Bank considers it essential to foster the continuous employment of key management personnel by minimizing the uncertainty, departures or distractions of management personnel associated with a Change in Control; NOW THEREFORE, the Bank and the Employee, in consideration of the premises and mutual covenants contained herein . . . 965252	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – follows: 1. CHANGE IN CONTROL. A "Change in Control" shall be deemed to have ------------------- occurred in any one of the following events: (a) Merger: The Bank's parent holding company, Cooperative Bankshares, Inc. , (the "Company") merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined voting power _____________ dt 1470081 ;	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – follows: 1. CHANGE IN CONTROL. A "Change in Control" shall be deemed to have ------------------- occurred in any one of the following events: (a) Merger: The Bank's parent holding company, Cooperative Bankshares, Inc. , (the "Company") merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined voting power _____________ dt 1462967
$43	Preview Full Doc	2004	Change in Control Protection Agreement Change in Control Protection Agreement (21K) Doc #965254: Click preview link for longer preview. AGREEMENT effective as of this 3rd day of June 2004 by and between Cooperative Bank, a North Carolina-chartered commercial bank (the "Bank"), and Todd L. Sammons, an individual (the "Employee"). WHEREAS, the Bank considers it essential to foster the continuous employment of key management personnel by minimizing the uncertainty, departures or distractions of management personnel associated with a Change in Control; NOW THEREFORE, the Bank and the Employee, in consideration of the premises and mutual covenants contained herein and . . . 965254	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – follows: 1. CHANGE IN CONTROL. A "Change in Control" shall be deemed to have ------------------- occurred in any one of the following events: (a) Merger: The Bank's parent holding company, Cooperative Bankshares, Inc. , (the "Company") merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined voting power _____________ dt 1470082 ;	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – follows: 1. CHANGE IN CONTROL. A "Change in Control" shall be deemed to have ------------------- occurred in any one of the following events: (a) Merger: The Bank's parent holding company, Cooperative Bankshares, Inc. , (the "Company") merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined voting power _____________ dt 1462968
$37	Preview Full Doc	2004	Change in Control Protection Agreement Change in Control Protection Agreement (21K) Doc #965255: Click preview link for longer preview. AGREEMENT effective as of this 3rd day of June 2004 by and between Cooperative Bank, a North Carolina-chartered commercial bank (the "Bank"), and Dickson B. Bridger, an individual (the "Employee"). WHEREAS, the Bank considers it essential to foster the continuous employment of key management personnel by minimizing the uncertainty, departures or distractions of management personnel associated with a Change in Control; NOW THEREFORE, the Bank and the Employee, in consideration of the premises and mutual covenants contained herein . . . 965255	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – follows: 1. CHANGE IN CONTROL. A "Change in Control" shall be deemed to have ------------------- occurred in any one of the following events: (a) Merger: The Bank's parent holding company, Cooperative Bankshares, Inc. , (the "Company") merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined voting power _____________ dt 1470083 ;	Cooperative Cooperative Bankshares Inc. ( S&Ls/Savings Banks ) As referenced in this Change in Control Protection Agreement: Cooperative Bankshares, Inc. – follows: 1. CHANGE IN CONTROL. A "Change in Control" shall be deemed to have ------------------- occurred in any one of the following events: (a) Merger: The Bank's parent holding company, Cooperative Bankshares, Inc. , (the "Company") merges into or consolidates with another corporation, or merges another corporation into the Company and as a result less than a majority of the combined voting power _____________ dt 1462969