Termination of Supplemental Executive Retirement Agreement between Atlantic Southern Bank and Ed Loomis
Atlantic Southern Bank and Ed Loomis have mutually agreed to terminate their Supplemental Executive Retirement Agreement, originally dated March 30, 2010. This termination is made in accordance with Section 3 of the original agreement. Both parties have acknowledged and consented to ending the agreement, releasing each other from any further obligations under its terms.
Exhibit 10.8
TERMINATION OF THE
ATLANTIC SOUTHERN BANK
SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
DATED MARCH 30, 2010
FOR
ED LOOMIS
Pursuant to Section 3 of the Supplemental Executive Retirement Agreement (the “Agreement”) by and between Atlantic Southern Bank, a state-chartered commercial bank located in Macon, Georgia (the “Employer”), and Ed Loomis (the “Executive”), the Company and the Executive hereby agree to terminate the Agreement.
IN WITNESS OF THE ABOVE, the Employer and the Executive hereby acknowledge such termination.
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| Ed Loomis | Title |
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