AMENDMENT TO THE SOUTHBANC SHARES, INC. 1998 STOCK OPTION PLANStock Option Agreement |
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Exhibit 10.3
AMENDMENT TO THE
SOUTHBANC SHARES, INC.
1998 STOCK OPTION PLAN
In accordance with the action taken on November 13, 2006, by the Compensation Committee of the Board of Directors of SunTrust Banks, Inc., Section 5(b) of the SouthBanc Shares, Inc. 1998 Stock Option Plan is revised effective November 13, 2006 to read as follows:
(b ) In the event that any stock dividend, stock split, reverse stock split or combination, extraordinary cash dividend, creation of a class of equity securities, recapitalization, reclassification, reorganization, merger, consolidation, split-up, spin-off, combination, exchange of shares, or other similar transaction affects the Stock such that an adjustment is required in order to preserve
