Exhibit 10.5

FIRST CHARTER
CORPORATION

RESTRICTED STOCK AWARD PROGRAM

Restricted Stock Award Agreement


This
Restricted Stock Award Agreement (the "Agreement") is dated as of __________________,
20__ and is entered into between First Charter Corporation, a North Carolina
corporation (the "Corporation"), and _____________________________ (the "Participant").


The
Participant is a key employee of the Corporation or of First Charter Bank (the
"Bank") and has been selected to participate in the First Charter Corporation Restricted
Stock Award Program (the "Program").


The Compensation
Committee of the Board of Directors of the Corporation (the "Committee) has
determined that it will award the Participant with shares of Restricted Stock,
as such term is defined in the Program, as a reward for past service and as an
incentive for the performance of future service for the Corporation and/or the
Bank, subject to the terms of the Program.   


The
Corporation and the Participant have agreed to enter into this agreement (the
"Agreement") pursuant to the provisions of the Program to establish certain
rights and obligations of the parties.


Capitalized
terms used but not defined in this Agreement shall have the meaning specified
in the Program.


In
consideration of the mutual promises set forth below, the parties hereto agree
as follows:


1.                 
Award of Restricted Stock.  Subject to the terms and conditions
of this Agreement and the Program (the terms of which are hereby incorporated
herein by reference) and effective as of the date set forth above, the Committee
hereby awards to the Participant, not in lieu of salary or other compensation,
______________ (____) shares of the Corporation's Common Stock (the "Restricted
Shares").  The Participant hereby accepts the Restricted Shares and agrees to
be bound by the terms and conditions described in the preceding sentence.  The
Participant shall not be required to pay any amount for the Restricted Shares. 



2.                 
Restriction Period.  The restriction period shall begin on the
date set forth above and end on ____________, 20__ (the "Restricted Period").


3.                 
Vesting.  [Cliff Vesting - If the Participant does not
have a termination of service through the last day of the Restriction Period,
the Participant's right to receive 100% of the Restricted Shares shall vest
without further risk of forfeiture.  If the Participant's termination of service
before the end of the Restriction Period is due to the Participant's death, disability,
as defined in the First Charter Corporation Comprehensive Stock Option Plan,
("Disability"), or retirement with the consent of the Committee ("Retirement"),
all of the Restricted Shares shall vest.] 



[Graduated
Vesting (assuming a three-year period; other durations could be used) - If
the Participant has a termination of service prior to the end of the Restricted
Period, the Participant's right to the Restricted Shares shall vest in
accordance with the following schedule: 


(a)  If the termination of service occurs before _____________,
20__ (the "Initial Vest Date"), the Participant shall forfeit all of the
Restricted Shares;


            (b)
If the Termination of Service occurs on or after the Initial Vest Date, 


(i)  One-third of the Restricted Shares shall vest on the
Initial Vest Date; 


                        (ii)
One-third of the Restricted Shares shall vest on the first anniversary of the
Initial Vest Date; and 


                        (iii)
One-third of the Restricted Shares shall vest on the second anniversary of the
Initial Vest Date. ]


If the
Participant's termination of service before the end of the Restriction Period
is due to the Participant's death, disability, as defined in the First Charter
Corporation Comprehensive Stock Option Plan, ("Disability"), or retirement with
the consent of the Committee ("Retirement"), all of the Restricted Shares shall
vest.] 


Any
provision of this Agreement to the contrary notwithstanding, the Committee may
in its sole and absolute discretion at any time before, or within 120 days
after, the date of such termination of service determine that some or all of
such Restricted Shares shall be free of restrictions and shall not be
forfeited.    


4.                 
Stock Certificates.  A stock certificate (the "Certificate")
evidencing the Restricted Shares shall be registered in the Participant's name
as soon as practicable.  Subject to Section 7 of this Agreement, Certificates
representing the unrestricted shares of Corporation Stock will be delivered to
the Participant as soon as practicable after the lapse of [the] [each portion
of the] Restriction Period.  If, however, the Participant elects to defer
payment of the shares of the Corporation's Common Stock following the end of
the Restriction Period, as provided in Section 5 of this Agreement, the shares
of the Corporation's Common Stock shall be issued as set forth in the deferral election
agreement entered into between the Corporation and the Participant.


5.                 
Deferral Election.  With the consent of the Committee, the Participant
may elect to defer delivery of the shares of the Corporation's Common Stock
that would otherwise be due by virtue of the lapse or waiver of the vesting
requirements as set forth in Section 2.  If such deferral election is made, the
Committee shall, in its sole discretion, establish the rules and procedures for
such payment deferrals. 


6.                 
Dividends.  The Participant shall be entitled to receive cash
payments equal to any cash dividends and other distributions paid with respect
to a corresponding number of shares of the Corporation's Common Stock.  


2




7.                 
Tax Withholding Obligations.  The Participant shall be required
to deposit with the Corporation an amount of cash equal to the amount
determined by the Corporation to be required with respect to any withholding
taxes, FICA contributions, or the like under any federal, state, or local
statute, ordinance, rule, or regulation in connection with the award or
settlement of the Restricted Shares.  Alternatively, the Corporation may, to
the extent permitted by law and at its sole election, withhold the required
amounts from the Participant's pay during the pay periods next following the
date on which any such applicable tax liability otherwise arises.  The
Committee, in its discretion, may permit the Participant, subject to such
conditions as the Committee shall require, to elect to have the Corporation
withhold a number of shares of Common Stock otherwise deliverable having a fair
market value sufficient to satisfy the statutory minimum of all or part of the
Participant's estimated total federal, state, and local tax obligations
associated with vesting or settlement of the restricted stock units.  The Corporation
shall not deliver any of the shares of Common Stock until and unless the Participant
has made the deposit required herein or proper provision for required
withholding has been made.


8.                 
Restriction on Transferability.  Until the Restricted Shares are
vested as provided above, they may not be sold, transferred, pledged, assigned,
or otherwise alienated at any time.  Any attempt to do so contrary to the
provisions hereof shall be null and void.


9.                 
Rights as Shareholder.  Except as described in this Agreement, the
Participant shall have voting and other rights as a shareholder of the Corporation
with respect to the Restricted Shares.  


10.             
Effect on Other Employee Benefit Plans.  The value of the Restricted
Shares granted pursuant to this Agreement shall not be included as
compensation, earnings, salaries, or other similar terms used when calculating
the Participant's benefits under any employee benefit plan sponsored by the Corporation
or any Subsidiary except as such plan otherwise expressly provides.  The Corporation
expressly reserves its rights to amend, modify, or terminate any of the Corporation's
or any Subsidiary's employee benefit plans.


11.             
No Employment Rights.  The award of the Restricted Shares
pursuant to this Agreement shall not give the Participant any right to remain
employed by the Corporation or a Subsidiary.


12.             
Amendment.  This Agreement may be amended only by a writing
executed by the Corporation and the Participant which specifically states that
it is amending this Agreement.  Notwithstanding the foregoing, this Agreement
may be amended solely by the Committee by a writing which specifically states
that it is amending this Agreement, so long as a copy of such amendment is
delivered to the Participant, and provided that no such amendment adversely
affecting the rights of the Participant hereunder may be made without the Participant's
written consent.  Without limiting the foregoing, the Committee reserves the
right to change, by written notice to the Participant, the provisions of the
Restricted Shares or this Agreement in any way it may deem necessary or
advisable to carry out the purpose of the grant as a result of any change in
applicable laws or regulations or any future law, regulation, ruling, or
judicial decision, provided that any such change shall be applicable only to restricted
shares which are then subject to restrictions as provided herein.

3




13.             
Notices.  Any notice to be given under the terms of this
Agreement to the Corporation shall be addressed to the Corporation in care of
its Corporate Secretary.  Any notice to be given to the Participant shall be
addressed to the Participant at the address listed in the Corporation's records. 
By a notice given pursuant to this Section, either party may designate a
different address for notices.  Any notice shall have been deemed given when
actually delivered.


14.             
Severability.  If all or any part of this Agreement or the Program
is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity shall not invalidate any portion of this
Agreement or the Program that is not declared to be unlawful or invalid.  Any
Section of this Agreement (or part of such a Section) so declared to be
unlawful or invalid shall, if possible, be construed in a manner which will
give effect to the terms of such Section or part of a Section to the fullest
extent possible while remaining lawful and valid.


15.             
Construction.  The Restricted Shares are being issued pursuant
to the Program and are subject to its terms.  A copy of the Program
has been given to the Participant, and additional copies of the Program are
available on request during normal business hours at the principal executive
offices of the Corporation.  To the extent that any provision of this Agreement
violates or is inconsistent with an express provision of the Program, the Program
provision shall govern, and any inconsistent provision in this Agreement shall
be of no force or effect.


16.             
Miscellaneous.


(a)        This Agreement shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.


(b)        All obligations of the Corporation under the Program
and this Agreement, with respect to the Restricted Shares, shall be binding on
any successor to the Corporation, whether the existence of such successor is
the result of a direct or indirect purchase, merger, consolidation, or
otherwise, of all or substantially all of the business and/or assets of the Corporation.


(c)        To the extent not preempted by federal law, this
Agreement shall be governed by, and construed in accordance with, the laws of
the State of North Carolina.


IN
WITNESS WHEREOF, the parties have executed and delivered this Agreement
effective as of the day and year first above written.




PARTICIPANT                                               FIRST
CHARTER CORPORATION




                                                                                    By:
                                                                                                                                              
President and Chief Executive Officer