Attached files
file | filename |
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10-K - FORM 10-K - Georgia-Carolina Bancshares, Inc | c14779e10vk.htm |
EX-99.1 - EXHIBIT 99.1 - Georgia-Carolina Bancshares, Inc | c14779exv99w1.htm |
EX-10.6 - EXHIBIT 10.6 - Georgia-Carolina Bancshares, Inc | c14779exv10w6.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 10.7
Compensation Arrangements with Thomas J. Flournoy
Neither Georgia-Carolina Bancshares, Inc. (Company), nor First Bank of Georgia (Bank), has
a written employment agreement with Thomas J. Flournoy, Chief Financial Officer of Georgia-Carolina
Bancshares, Inc. and First Bank of Georgia. Mr. Flournoys current (2011) salary is $159,908. Mr.
Flournoy is eligible for stock option grants under the Companys option plans as determined from
time to time by the Board of Directors of the Company. In addition, Mr. Flournoy participates in
the Banks medical, dental, life and disability insurance plans and he may participate in the
Companys 401(k) plan.
Mr. Flournoy 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 Companys 8-K filing on June 26, 2009.