Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - Georgia-Carolina Bancshares, Inc | c14779e10vk.htm |
| EX-10.7 - EXHIBIT 10.7 - Georgia-Carolina Bancshares, Inc | c14779exv10w7.htm |
| EX-99.1 - EXHIBIT 99.1 - Georgia-Carolina Bancshares, Inc | c14779exv99w1.htm |
| EX-10.8 - EXHIBIT 10.8 - Georgia-Carolina Bancshares, Inc | c14779exv10w8.htm |
| EX-32.1 - EXHIBIT 32.1 - Georgia-Carolina Bancshares, Inc | c14779exv32w1.htm |
| EX-31.2 - EXHIBIT 31.2 - Georgia-Carolina Bancshares, Inc | c14779exv31w2.htm |
| EX-31.1 - EXHIBIT 31.1 - Georgia-Carolina Bancshares, Inc | c14779exv31w1.htm |
| EX-23.1 - EXHIBIT 23.1 - Georgia-Carolina Bancshares, Inc | c14779exv23w1.htm |
| EX-10.1.1 - EXHIBIT 10.1.1 - Georgia-Carolina Bancshares, Inc | c14779exv10w1w1.htm |
| EX-21.1 - EXHIBIT 21.1 - Georgia-Carolina Bancshares, Inc | c14779exv21w1.htm |
EXHIBIT 10.6
Compensation Arrangements with Remer Y. Brinson, III
Neither Georgia-Carolina Bancshares, Inc. (“Company”), nor First Bank of Georgia (“Bank”), has
a written employment agreement with Remer Y. Brinson, III, President and Chief Executive Officer of
Georgia-Carolina Bancshares, Inc. and First Bank of Georgia. Mr. Brinson’s current (2011) salary
is $282,669 and Mr. Brinson is eligible for an annual incentive award under the Bank’s Annual
Incentive Plan, pursuant to which he received $29,646 for his performance in 2010. See Exhibit
10.8 for a description of the Annual Incentive Plan. Mr. Brinson is eligible for stock option
grants under the Company’s option plans as determined from time to time by the Board of Directors
of the Company. In addition, Mr. Brinson participates in the Bank’s medical, dental, life and
disability insurance plans and he may participate in the Company’s 401(k) plan. Mr. Brinson also
receives the following perquisites: payment of private and civic club membership dues, provision of
an automobile and an automobile allowance. The aggregate value of these perquisites in 2010 was
less than $10,000.
Mr. Brinson entered into a Severance Protection Agreement with the Bank, which entitles him to
certain payments following a change in control of the Company. The Severance Protection Agreement
was filed with the Company’s Annual Report on Form 10-K for the year ended December 31, 2006 as
Exhibit 10.6.