Exhibit
10.20
 SUPPLEMENTAL EXECUTIVE
RETIREMENT BENEFITS AGREEMENT
 st
 RECITALS
      AGREEMENT
  Supplemental Retirement Benefits
 Payment of Benefits
 Full Benefit Exhibit A Exhibit A Exhibit A




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Early Termination Exhibit A
 Disability
 Discharge for Cause
 2




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Death of Executive Exhibit B Exhibit B
 Benefits Mutually Exclusive
 Suspension of Payments.
 Intent of Parties
 ERISA Provisions
      3




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Notice of Denial
 Contents of Notice of Denial
       Right to Review
    4




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Application for Review
      Hearing
 Notice of Hearing
 Counsel
 5




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Decision on Review
         Funding by the Bank
  6




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Change in Control
  No Competition with Bank
 7




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Employment of Executive; Other Agreements
 Confidentiality
 Withholding (i.e.
 Miscellaneous Provisions
 Counterparts
 Construction
 8




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Severability
 Governing Law
 Binding Effect
 No Trust
 Assignment of Rights
 Entire Agreement
 Notice
 Bank:
    
    GEORGIA BANK & TRUST COMPANY OF AUGUSTA3530 Wheeler RoadAugusta, GA 30909Attn: Chairman of the BoardExecutive:
    
    DARRELL R. RAINS
 9




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Non-waiver
 Headings
 Amendment
 Seal
 Legal Expenses
  10




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BANK:
GEORGIA BANK & TRUST COMPANY OF AUGUSTABy:
    /s/ Ronald L. ThigpenIts:
    Executive Vice President and Chief Operating OfficerEXECUTIVE:/s/ Darrell R. RainsDARRELL R. RAINS Exhibit A
 11




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Year
    
    Limited BenefitJanuary 1, 2009 to December 31, 2009
    
    $
    7,200January 1, 2010 to December 31, 2010
    
    $
    9,600January 1, 2011 to December 31, 2011
    
    $
    12,000January 1, 2012 to December 31, 2012
    
    $
    14,400January 1, 2013 to December 31, 2013
    
    $
    16,800January 1, 2014 to December 31, 2014
    
    $
    19,200January 1, 2015 to December 31, 2015
    
    $
    21,600January 1, 2016 to December 31, 2016
    
    $
    24,000January 1, 2017 to December 31, 2017
    
    $
    26,400January 1, 2018 to December 31, 2018
    
    $
    28,800January 1, 2019 to December 31, 2019
    
    $
    31,200January 1, 2020 to September 30, 2020
    
    $
    33,600October 1, 2020 and thereafter
    
    $
    36,000
  DARRELL R. RAINS Exhibit A Exhibit A
 
 EXHIBIT B
 12




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DESIGNATION OF BENEFICIARY FORM
under the
SUPPLEMENTAL EXECUTIVE
RETIREMENT BENEFITS AGREEMENT
  Primary Beneficiary(ies)*:
 
 
 
 
 
 *
    
    If more than one beneficiary is named above, the beneficiaries will share equally in any benefits,
unless you have otherwise provided above. Further, if you have named more than one beneficiary and
one or more of the beneficiaries is deceased at the time of your death, any remaining
beneficiary(ies) will share equally, unless you have provided otherwise above. If no primary
beneficiary survives you, then the contingent beneficiary designated below will receive any
benefits due upon your death. In the event you have no designated beneficiary upon your death, any
benefits due will be paid to your estate. In the event that you are naming a beneficiary that is
not a person, please provide pertinent information regarding the designation. Contingent Beneficiary:
 
 
 
 
 DateDARRELL R. RAINS
 13