Employment Terms Disclosure for Bradley J. Gregory, Senior Vice President and CFO, Georgia-Carolina Bancshares, Inc.
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Summary
Georgia-Carolina Bancshares, Inc. outlines the employment terms for Bradley J. Gregory, its Senior Vice President and Chief Financial Officer. Mr. Gregory receives a $120,000 annual salary, is eligible for a $20,000 annual incentive, and may receive annual stock option grants as determined by the Board. He received an initial grant to purchase 3,000 shares. He is also entitled to medical, dental, life, and disability insurance, and can join the company's 401(k) plan after one year. There is no formal written employment agreement in place.
EX-10.1 2 g03006exv10w1.htm EX-10.1 EMPLOYMENT AGREEMENT W/ BRADLEY J. GREGORY EX-10.1 EMPLOYMENT AGREEMENT BRADLEY J. GREGORY
Exhibit 10.1
Georgia-Carolina Bancshares, Inc. (the “Company”) does not have a written employment agreement with Bradley J. Gregory, Senior Vice President and Chief Financial Officer of the Company. Mr. Gregory receives an annual salary of $120,000 per year with an annual incentive plan enabling him to earn an additional $20,000. Mr. Gregory will be eligible for annual stock option grants as determined by the Board of Directors of the Company, and received an initial option grant to purchase 3,000 shares. In addition, Mr. Gregory is entitled to the following fringe benefits: medical, dental, life and disability insurance, and he may participate in the Company’s 401(k) plan after one year of service.
