TERMINATION OF THE ATLANTIC SOUTHERN BANK (f/k/a NEW SOUTHERN BANK) SALARY CONTINUATION AGREEMENT DATED DECEMBER 15, 2005 FOR MORRIS A. STEVENS
EX-10.5 6 a10-20463_1ex10d5.htm EX-10.5
Exhibit 10.5
TERMINATION OF THE
ATLANTIC SOUTHERN BANK (f/k/a NEW SOUTHERN BANK)
SALARY CONTINUATION AGREEMENT
DATED DECEMBER 15, 2005
FOR
MORRIS A. STEVENS
Pursuant to Section 7.2 of the Salary Continuation Agreement (the “Agreement”) by and between Atlantic Southern Bank (f/k/a New Southern Bank), a state-chartered commercial bank located in Macon, Georgia (the “Company”), and Morris A. Stevens (the “Executive”), the Company and the Executive hereby agree to terminate the Agreement.
IN WITNESS OF THE ABOVE, the Company and the Executive hereby acknowledge such termination.
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| ATLANTIC SOUTHERN BANK | ||
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| By |
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| Morris A. Stevens | Title |
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