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                                                                    EXHIBIT 10.8

                           C & S BANCORPORATION, INC.

                                STOCK OPTION PLAN

                                    ARTICLE I

                  PURPOSE, SCOPE AND ADMINISTRATION OF THE PLAN

         1.1      Purpose. The purpose of this Stock Option Plan is to promote
the long-term success of C & S Bancorporation, Inc. (the "Company"), and its
affiliates and to encourage growth in shareholder value by providing financial
incentives to selected members of its and its affiliates' boards of directors,
employees, consultants and advisers who are in positions to make significant
contributions toward that success. It is intended that the Company will, through
the grant of options to purchase its common stock, attract and retain (and allow
its affiliates to attract and retain) highly qualified and competent employees
and directors and motivate such employees and directors to exert their best
efforts on behalf of the Company and its affiliates.

         1.2      Definitions. Unless the context clearly indicates otherwise,
for purposes of this Plan:

                  (a)      "Board of Directors" means the Board of Directors of
the Company.

                  (b)      "Code" means the Internal Revenue Code of 1986, as
amended.

                  (c)      "Committee" means a committee of the Board of
Directors, which shall be composed of two or more members appointed from time to
time by the Board of Directors from among its members. If the Board of Directors
does not appoint a such a committee, all references in this Plan to the
"Committee" shall be deemed to be references to the Board of Directors where the
context so permits or requires.

                  (d)      "Common Stock" means the Common Stock of the Company,
$1.00 par value per share, or such other class of shares or other securities to
which the provisions of the Plan may be applicable by reason of the operation of
Section 3.1 hereof.

                  (e)      "Company" means the Company and any affiliates of the
Company, including affiliates of the Company which become such after adoption of
this Plan; provided, however, that for purposes of granting Incentive Stock
Options, the term "Company" shall include only the Company and its subsidiaries
that are corporations in which the Company directly or indirectly owns stock
possessing 50% or more of the total combined voting power of all classes of
stock in such corporation as provided in Code Section 424(f).

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                  (f)      "Fair Market Value" of a share of Common Stock on a
specified date means:

                           (i)      if the Common Stock is then traded on a
                  national securities exchange, the closing price on such date
                  of a share of the Common Stock as traded on the largest
                  securities exchange on which it is then traded; or

                           (ii)     if the Common Stock is not then traded on a
                  national securities exchange, the mean between the closing
                  composite inter-dealer "bid" and "ask" prices for Common
                  Stock, as quoted on the NASDAQ National Market System (A) on
                  such date, or (B) if no "bid" and "ask" prices are quoted on
                  such date, then on the next preceding date on which such
                  prices were quoted; or

                           (iii)    if the Common Stock is not then traded on a
                  national securities exchange or quoted on the NASDAQ National
                  Market System, the value determined in good faith by the
                  Committee.

                  (g)      "Grant Date," as used with respect to a particular
Option, means the date as of which the Option is granted by the Committee
pursuant to the Plan.

                  (h)      "Grantee" means the person to whom an Option is
granted by the Committee pursuant to the Plan.

                  (i)      "Incentive Stock Option" means an Option, or any
portion thereof, granted to an employee of the Company which qualifies as an
Incentive Stock Option as described in Section 422 of the Code, unless the
Committee expressly designates the Option, or such portion thereof, as a
Nonqualified Stock Option.

                  (j)      "Nonqualified Stock Option" means any option granted
under this Plan, other than an Incentive Stock Option.

                  (k)      "Option" means an Option granted by the Committee
pursuant to Article II to purchase shares of Common Stock, which shall be
designated at the time of grant as either an Incentive Stock Option or a
Nonqualified Stock Option, as provided in Section 2.1 hereof.

                  (l)      "Option Agreement" means the agreement between the
Company and a Grantee under which the Grantee is granted an Option pursuant to
the Plan. Option Agreements need not be identical with other Option Agreements,
either in form or substance, and need only conform to the terms and conditions
of this Plan.

                  (m)      "Option Period" means, with respect to any Option
granted hereunder, the period beginning on the Grant Date and ending at such
time not later than the tenth anniversary of the Grant Date as the Committee in
its sole discretion shall determine and during which the Option may be
exercised.

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                  (n)      "Plan" means the C & S Bancorporation, Inc. Stock
Option Plan as set forth herein and as amended from time to time.

         1.3      Aggregate Limitation.

                  (a)      The maximum number of shares of Common Stock with
respect to which Options may be granted shall not exceed the lesser of (i) one
hundred fifty thousand (150,000) shares in the aggregate or (ii) 10% of the
number of shares outstanding following completion of the Company's initial
public offering, all subject to possible adjustment in accordance with Section
3.1.

                  (b)      Any shares of Common Stock to be delivered by the
Company upon the exercise of Options shall, at the discretion of the Board of
Directors, be issued from the Company's authorized but unissued shares of Common
Stock or transferred from any available Common Stock held in treasury.

                  (c)      The Committee may grant new Options hereunder with
respect to any shares for which an Option expires or otherwise terminates prior
to being exercised.

         1.4      Administration of the Plan.

                  (a)      The Plan shall be administered by the Committee,
which shall have the authority:

                           (i)      To determine the directors, employees,
                  consultants and advisers of the Company to whom, and the times
                  at which, Options shall be granted, and the number of shares
                  of Common Stock to be subject to each such Option, taking into
                  consideration the nature of the services rendered by the
                  particular Grantee, the Grantee's potential contribution to
                  the long-term success of the Company and such other factors as
                  the Committee in its discretion may deem relevant;

                           (ii)     To interpret and construe the provisions of
                  the Plan and to establish rules and regulations relating to
                  it;

                           (iii)    To prescribe the terms and conditions of the
                  Option Agreements for the grant of Options (which need not be
                  identical for all Grantees) in accordance and consistent with
                  the requirements of the Plan; and

                           (iv)     To make all other determinations necessary
                  or advisable to administer the Plan in a proper and effective
                  manner.

                  (b)      All decisions and determinations of the Committee in
the administration of the Plan and on other matters concerning the Plan or any
Option shall be final, conclusive and binding on all persons, including (but not
by way of limitation) the Company, the shareholders and directors of the
Company, and any persons having any interest in any Options. The Committee

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shall be entitled to rely in reaching its decisions on the advice of counsel
(who may be counsel to the Company).

         1.5      Eligibility for Awards. The Committee shall in accordance with
Article II designate from time to time the directors, employees, consultants and
advisers of the Company who are to be granted Options. In no event may a person
who is not an employee of the Company be granted an Incentive Stock Option under
the Plan.

         1.6      Effective Date and Duration of Plan. The Plan shall become
effective on the date of its adoption by the Board of Directors; provided, that
any grant of Options under the Plan prior to approval of the Plan by the
shareholders of the Company is subject to such shareholder approval within 12
months of adoption of the Plan by the Board of Directors. Unless previously
terminated by the Board of Directors, the Plan (but not any Options then
outstanding) shall terminate on the tenth anniversary of its adoption by the
Board of Directors.

                                   ARTICLE II

                                  STOCK OPTIONS

         2.1      Grant of Options.

                  (a)      The Committee may from time to time, subject to the
provisions of the Plan, grant Options to directors, employees, consultants and
advisers of the Company under appropriate Option Agreements to purchase shares
of Common Stock up to the aggregate number of shares of Common Stock set forth
in Section 1.3(a).

                  (b)      The Committee may designate as an Incentive Stock
Option any Option (or portion thereof) granted to an employee of the Company
which satisfies the requirements of Sections 2.2 and 2.3 hereof. Any portion of
an Option that is not designated as an Incentive Stock Option (or otherwise does
not qualify as an Incentive Stock Option) shall be a Nonqualified Stock Option.
A Nonqualified Stock Option must satisfy the requirements of Section 2.2 hereof,
but shall not be subject to the requirements of Section 2.3.

         2.2      Option Requirements.

                  (a)      An Option shall be evidenced by an Option Agreement
specifying the number and class of shares of Common Stock that may be purchased
upon its exercise and containing such other terms and conditions consistent with
the Plan as the Committee may determine to be applicable to that Option.

                  (b)      No Option shall be granted under the Plan on or after
the tenth anniversary of the date upon which the Plan was adopted by the Board
of Directors.

                  (c)      An Option shall expire by its terms at the expiration
of the Option Period and shall not be exercisable thereafter.

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                  (d)      The Committee may provide in the Option Agreement for
the expiration or termination of the Option prior to the expiration of the
Option Period, upon the occurrence of any event specified by the Committee.

                  (e)      The Committee may provide in the Option Agreement for
vesting periods which require the passage of time and/or the occurrence of
events in order for the Option to become exercisable.

                  (f)      The option price per share of Common Stock of an
Incentive Stock Option shall not be less than the Fair Market Value of a share
of Common Stock on the Grant Date. The option price per share of Common Stock of
a Nonqualified Stock Option shall be such price as shall be determined by the
Committee at the time any such Nonqualified Option is granted, and may be
greater than, equal to, or less than the Fair Market Value of a share of Common
Stock at the time such Nonqualified Option is granted.

                  (g)      An Option shall not be transferable other than by
will or the laws of descent and distribution, except that any vested portion of
Nonqualified Stock Options may be transferred if the transfer is approved in
advance in writing by the Committee or Board of Directors in their sole
discretion. Unless transferred with approval as provided in the preceding
sentence, during the Grantee's lifetime an Option shall be exercisable only by
the Grantee or, if the Grantee is disabled and the Option remains exercisable,
by his or her duly appointed guardian or other legal representative. Upon the
Grantee's death, but only to the extent that the Option is otherwise exercisable
hereunder, an Option may be exercised by the Grantee's legal representative or
by a person who receives the right to exercise the Option under the Grantee's
will or by the applicable laws of descent and distribution.

                  (h)      Each Option Agreement shall contain an agreement
that, upon demand by the Committee for such a representation, the Grantee (or
any person acting on the Grantee's behalf) shall deliver to the Committee at the
time of any exercise of an Option a written representation that the Common Stock
to be acquired upon such exercise is to be acquired for investment and not for
resale or with a view to the distribution thereof or such other representation
as may be required by the Committee. Upon such demand, delivery of such
representation prior to the delivery of any Common Stock issued upon exercise of
an Option and prior to the expiration of the Option period shall be a condition
precedent to the right of the Grantee or such other person to purchase any
shares of Common Stock.

                  (i)      A person electing to exercise an Option shall give
written notice of election to the Company in such form as the Committee may
require, accompanied by payment of the full purchase price of the shares of
Common Stock for which the election is made. Payment of the purchase price shall
be made in cash or in such other form as the Committee may specify in the
applicable Option Agreement.

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         2.3      Incentive Stock Option Requirements.

                  (a)      An Option granted to an employee of the Company and
designated by the Committee as an Incentive Stock Option is intended to qualify
as an "incentive stock option" within the meaning of Section 422 of the Code and
shall satisfy, in addition to the conditions of Section 2.2 above, the
conditions set forth in this Section 2.3.

                  (b)      An Incentive Stock Option shall not be granted to an
individual who on the Grant Date owns stock possessing more than 10% of the
total combined voting power of all classes of stock of the Company, unless the
option price per share of Common Stock will not be less than 110% of the Fair
Market Value thereof on the Grant Date and the Option Period does not extend
beyond five years from the Grant Date.

                  (c)      The aggregate Fair Market Value, determined on the
Grant Date, of the shares of Common Stock with respect to which Incentive Stock
Options are exercisable for the first time by a Grantee during any calendar year
(under the Plan or any other plan of the Company or any parent or subsidiary
thereof) shall not exceed $100,000.

                                   ARTICLE III

                               GENERAL PROVISIONS

         3.1      Adjustment Provisions.

                  (a)      In the event of:

                           (i)      payment of a stock dividend in respect of
                  Common Stock; or

                           (ii)     any recapitalization, reclassification,
                  split-up or consolidation of or other change in the Common
                  Stock; or

                           (iii)    any exchange of the outstanding shares of
                  Common Stock in connection with a merger, consolidation or
                  other reorganization of or involving the Company or a sale by
                  the Company of all or a portion of its assets, for a different
                  number or class of shares of stock or other securities of the
                  Company or for shares of the stock or other securities of any
                  other corporation;

then the Committee shall, in such manner as it may determine in its sole
discretion, appropriately adjust the number and class of shares or other
securities which shall be subject to Options and the purchase price per share
which must be paid thereafter upon exercise of any Option. Any such adjustments
made by the Committee shall be final, conclusive and binding upon all persons,
including (but not by way of limitation) the Company, the shareholders and
directors of the Company, and any persons having any interest in any Options
which may be granted under the Plan.

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                  (b)      Except as provided above in subparagraph (a) of this
paragraph 3.1, issuance by the Company of shares of stock of any class or
securities convertible into shares of stock of any class shall not affect the
Options.

         3.2      Additional Conditions. Any shares of Common Stock issued or
transferred under any provision of the Plan may be issued or transferred subject
to such conditions, in addition to those specifically provided in the Plan, as
the Committee or the Company may impose, and may require as a condition to
exercise of the Option that the Grantee (or any person acting on the Grantee's
behalf) enter into any agreement or execute any acknowledgment that the
Committee shall deem necessary to ensure that the shares of Common Stock
acquired pursuant to the Option will be subject to any shareholders agreement as
may be in effect at the time such Option is exercised.

         3.3      No Rights as Shareholder or to Employment. No Grantee or any
other person authorized to purchase Common Stock upon exercise of an Option
shall have any interest in or shareholder rights with respect to any shares of
the Common Stock which are subject to any Option until certificates evidencing
the shares have been issued and delivered to the Grantee or any such person upon
the exercise of the Option. Furthermore, an Option shall not confer upon any
Grantee any rights to employment or any other relationship with the Company,
including without limitation any right to continue in the employ of the Company,
nor affect the right of the Company to terminate the employment or other
relationship of the Grantee with the Company at any time with or without cause.

         3.4      Legal Restrictions. If in the opinion of legal counsel for the
Company the issuance or sale of any shares of Common Stock pursuant to the
exercise of an Option would not be lawful for any reason, including (but not by
way of limitation) the inability or failure of the Company to obtain from any
governmental authority or regulatory body the authority deemed necessary by such
counsel for such issuance or sale, the Company shall not be obligated to issue
or sell any Common Stock pursuant to the exercise of an Option to a Grantee or
any other authorized person unless the Company receives evidence satisfactory to
its legal counsel that the issuance and sale of the shares would not constitute
a violation of any applicable securities laws. The Company shall in no event be
obligated to take any action which may be required in order to permit, or to
remedy or remove any prohibition or limitation on, the issuance or sale of such
shares to any Grantee or other authorized person.

         3.5      Rights Unaffected. The existence of the Options shall not
affect: the right or power of the Company and its shareholders to make
adjustments, recapitalizations, reorganizations or other changes in the
Company's capital structure or its business; any issuance of bonds, debentures,
preferred or prior preference stocks affecting the Common Stock or the rights
thereof; the dissolution or liquidation of the Company, or sale or transfer of
any part of its assets or business; or any other corporate act, whether of a
similar character or otherwise.

         3.6      Withholding Taxes. As a condition to exercise of an Option,
the Company may in its sole discretion withhold or require the Grantee to pay or
reimburse the Company for any taxes

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which the Company determines are required to be withheld in connection with the
grant or any exercise of an Option.

         3.7      Choice of Law. The validity, interpretation and administration
of the Plan and of any rules, regulations, determinations or decisions made
thereunder, and the rights of any and all persons having or claiming to have any
interest therein or thereunder, shall be determined exclusively in accordance
with the laws of the State of Georgia. Without limiting the generality of the
foregoing, the period within which any action in connection with the Plan must
be commenced shall be governed by the laws of the State of Georgia, without
regard to the place where the act or omission complained of took place, the
residence of any party to such action or the place where the action may be
brought or maintained.

         3.8      Amendment, Suspension and Termination of Plan. The Plan may
from time to time be terminated, suspended or amended by the Board of Directors
in such respects as it may deem advisable, including any such amendment effected
(i) so that the Incentive Stock Options granted hereunder shall be "incentive
stock options" as such term is defined in Section 422 of the Code, or (ii) to
conform to any change in any law or regulation governing the Plan, or the
Options granted hereunder; provided, however, that no such amendment shall
change the following unless approved by the shareholders of the Company within
12 months following the date such amendment is adopted:

                  (a)      The maximum aggregate number of shares for which
         Options may be granted under the Plan, except as required under any
         adjustment pursuant to Section 3.1 hereof; or

                  (b)      The requirements as to eligibility for participation
         in the Plan in any material respect.

         3.9      Headings. The headings in this Plan are for convenience only
and are not to be used in interpreting the meaning or effect of any provisions
hereof.

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                                                                    EXHIBIT 10.9
                           C & S BANCORPORATION, INC.

                             INCENTIVE STOCK OPTION
                                  COMMON STOCK
                           ($1.00 PAR VALUE PER SHARE)

STOCK OPTION PLAN:     C & S BANCORPORATION, INC. STOCK OPTION PLAN

OPTION FOR THE PURCHASE OF:          SHARES
                            --------

EXERCISE PRICE PER SHARE:
                          --------

DATE OF GRANT:
               --------------------

         THIS OPTION AGREEMENT, made and entered into this ____ day of
__________, ____ by and between C & S Bancorporation, Inc., a Georgia
corporation (the "Company"), and ______________________________________ (the
"Grantee");

                                   WITNESSETH:

         WHEREAS, the C & S BANCORPORATION, INC. STOCK OPTION PLAN (the "Plan")
has been adopted by the Company; and

         WHEREAS, Article II of the Plan authorizes the Committee to cause the
Company to enter into a written agreement with the Grantee setting forth the
form and the amount of any award and any conditions and restrictions of the
award imposed by the Plan and the Committee; and

         WHEREAS, the Committee desires to make an award to the Grantee
consisting of an Incentive Stock Option;

         NOW, THEREFORE, in consideration of the mutual covenants contained
herein, and other good and valuable consideration, the receipt of which is
hereby acknowledged, the Company and the Grantee hereby agree as follows:

         1.       General Definitions. Any capitalized terms herein shall have
the meaning set forth in the Plan, and, in addition, for purposes of this Option
Agreement, each of the following terms, when used herein, shall have the meaning
set forth below:

                  (a)      The "Code" shall mean the Internal Revenue Code of
1986, as amended.

                  (b)      The "Common Stock" shall mean the common stock of the
Company, $1.00 par value per share.

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                  (c)      The "Exercise Date" shall mean the first anniversary
of the Date of Grant. At any time during the period of this Option commencing
with the first anniversary of the Date of Grant, the Grantee may purchase up to
___% of the shares covered by this Option and may purchase an additional ___% on
the _____, ______ and ______ anniversary from the Date of Grant so that this
Option will be fully vested on the _______ anniversary of the Date of Grant.

                  (d)      The "Expiration Date" shall mean the date on which
this Option expires pursuant to the provisions of paragraph 4 hereof.

                  (e)      "Fair Market Value" of a share of Common Stock on a
specified date means:

                                   (i)      if the Common Stock is then traded
                           on a national securities exchange, the closing price
                           on such date of a share of the Common Stock as
                           traded on the largest securities exchange on which
                           it is then traded; or

                                   (ii)     if the Common Stock is not then
                           traded on a national securities exchange, the mean
                           between the closing composite inter-dealer "bid" and
                           "ask" prices for Common Stock, as quoted on the
                           NASDAQ National Market System (A) on such date, or
                           (B) if no "bid" and "ask" prices are quoted on such
                           date, then on the next preceding date on which such
                           prices were quoted; or

                                   (iii)    if the Common Stock is not then
                           traded on a national securities exchange or quoted
                           on the NASDAQ National Market System, the value
                           determined in good faith by the Committee.

                  (f)      "Good Cause," with respect to any dismissal of
Grantee from his or her employment with the Company or any of its affiliates,
shall mean the dismissal of the Grantee from such employment by the Company or
any of its affiliates by reason of (i) the Grantee's being convicted of, or
pleading guilty or confessing to, any felony or any act of fraud,
misappropriation or embezzlement, (ii) the Grantee's improperly releasing or
misappropriating trade secrets or other tangible or intangible property of the
Company or any of its affiliates or engaging in a dishonest act to the damage or
prejudice of the Company or any of its affiliates or in willful or grossly
negligent conduct or activities materially damaging to the property, business or
reputation of the Company or any of its affiliates, or (iii) the Grantee's
failing, without reasonable cause, to devote his or her full business time and
efforts to the Company or any of its affiliates.

                  (g)      This "Option" shall mean the option evidenced by this
Option Agreement, which is intended to be an "incentive stock option" within the
meaning of Code Section 422.

                  (h)      The "Option Price" shall mean the purchase price of
each share of Common Stock that may be purchased by the Grantee upon the
exercise of this Option, in whole or in part. The Option Price is set forth
under "EXERCISE PRICE PER SHARE" at the beginning of page 1 of this Option
Agreement as adjusted from time to time in accordance with the provisions
hereof.

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         2.       Grant of Option. Upon the terms and subject to the
conditions and limitations hereinafter set forth, the Grantee shall have the
right, at any time after the Exercise Date and on or before the Expiration Date,
to purchase the number of shares of Common Stock set forth on page 1 of this
Option Agreement and vested under Paragraph 1(c), such number of shares and the
Option Price being subject to adjustment in accordance with the provisions set
forth below and in accordance with the terms of the Plan notwithstanding
anything to the contrary herein.

         3.       Manner of Exercise. Subject to the terms, conditions, and
limitations set forth herein, this Option may be exercised in whole or in part
at any time or from time to time after the Exercise Date and on or before the
Expiration Date as to any part of the number of whole shares of Common Stock
then vested under Paragraph 1(c) and available under this Option. Such exercise
shall be effective only if the Grantee duly executes and delivers to the
Company, at the principal executive office of the Company or at such other
address as the Company may designate by notice in writing to the Grantee, an
option exercise form substantially the same as that attached hereto as Exhibit
A, indicating the number of shares of Common Stock to be purchased and
accompanied by payment of the Option Price and any withholding amounts described
below. Payment of the Option Price and any such withholding amounts may be made
(i) in cash or by the Grantee's personal check, a certified check, a bank draft,
or a postal or express money order payable to the order of the Company in lawful
money of the United States or in any combination of the foregoing, or (ii) by
delivery of mature shares of Common Stock, the Fair Value of which is equal to
the Option Price as of the Exercise Date.

         Upon any effective exercise of this Option, the Company shall become
obligated to issue a certificate or certificates to the Grantee representing the
number of shares of Common Stock so purchased. Notwithstanding the foregoing, no
shares of Common Stock will be issued unless the Grantee (or his representative
as the case may be) shall pay to the Company or any affiliate, as applicable,
such amount as the Company or any affiliate may advise it is required under
applicable federal, state or local law to withhold and pay over to governmental
taxing authorities by reason of the purchase of such shares of Common Stock
pursuant to this Option. No fractional shares will be issued.

         4.       Expiration of Option. This Option shall expire, shall become
null and void, and shall be of no further force and effect upon the earlier to
occur of the following events:

                  (a)      Three months after the date of the Grantee's
resignation or other voluntary termination of his or her employment with the
Company or any of its affiliates (other than by reason of his or her death or
"disability" within the meaning of Section 22(e)(3) of the Code), but during
such three month period the Option shall be exercisable only to the extent that
it was exercisable as of the date of resignation or termination;

                  (b)      The dismissal of the Grantee from his or her
employment with the Company or any affiliate for Good Cause at any time;

                  (c)      Three months after the date on which the Company or
any affiliate terminates the Grantee's employment for any reason other than Good
Cause, but during such three

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month period the Option shall be exercisable only to the extent that it was
exercisable as of the date of termination;

                  (d)      One year after the date on which Grantee's employment
with the Company or any affiliate is terminated by reason of the Grantee's death
or "disability" within the meaning of Section 22(e)(3) of the Code, but during
such one year period the Option shall be exercisable only to the extent that it
was exercisable as of the date of death or disability; or

                  (e)      Ten years from the Date of Grant.

         5.       Holder's Exercise Subject to Compliance with Securities Laws.
Notwithstanding the exercise of this Option, in whole or in part, in accordance
with all other provisions of this Option, the Company shall have no obligation
to honor such exercise and to issue Common Stock pursuant thereto unless and
until the Grantee furnishes the Company an agreement (in such form as the
Committee may specify) in which the Grantee (or any person acting on his behalf)
represents that the Common Stock acquired by him upon exercise are being
acquired for investment and not with a view to the sale or distribution thereof,
or such other representations as may be required by the Committee in accordance
with the advice of legal counsel, unless the Committee shall have received
advice from legal counsel that such representation is not required.

         6.       Adjustment of Option Price and Number of Shares That May be
Purchased Hereunder. The Option Price and the number of shares of Common Stock
that may be purchased hereunder shall be subject to adjustment from time to time
by the Committee in accordance with the terms of the Plan in the event of
certain changes in the Common Stock or certain corporate transactions affecting
the number or value of the shares of Common Stock.

         7.       Notice of Adjustments. Upon the occurrence of any adjustment
of the Option Price, or any increase or decrease in the number of shares of
Common Stock that may be purchased upon the exercise of this Option, then, and
in each such case, the Company, within 30 days thereafter, shall give written
notice thereof to the Grantee at the address of the Grantee as shown on the
books of the Company, which notice shall state the Option Price as adjusted and
the increased or decreased number of shares that may be purchased upon the
exercise of this Option, setting forth in reasonable detail the method of
calculation of each.

         8.       Additional Conditions. The Grantee and any person acting on
the Grantee's behalf agrees and acknowledges that any shares of Common Stock
issued or transferred under this Option may be issued or transferred subject to
such conditions, in addition to those set forth in this Option, as the Committee
or the Company may impose and may require the Grantee (or any person acting on
the Grantee's behalf) to deliver and comply in all respects with the Company's
shareholders agreement, if any, as may be in effect at the time of any exercise
of this Option. No shares shall be issued upon exercise of this Option prior to
the delivery of a properly executed shareholders agreement or such other
agreement or acknowledgment that the Committee shall deem necessary to ensure
that the Common Stock acquired pursuant to the Option will be subject to such
shareholders agreement.

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         9.       Assignment. This Option may not be transferred or assigned by
the Grantee otherwise than by will or by the laws of descent and distribution
and, during the lifetime of the Grantee, may be exercised, in whole or in part,
only by the Grantee; provided, however, subject to Paragraph 4(d) hereof, in the
event of the Grantee's death or disability, this Option may be exercised by his
or her personal representative, heirs or legatees.

         10.      No Right to Continued Employment. This Option does not confer
upon the Grantee the right to continued employment with the Company or any
affiliate, nor shall it interfere with the right of the Company or any affiliate
to terminate his or her employment at any time.

         11.      Disqualifying Disposition. If the Grantee disposes of any
shares of Common Stock acquired pursuant to exercise of this Option prior to the
later of two years after the Date of Grant of this Option or one year after the
transfer of any share to the Grantee pursuant to the exercise of this Option,
such disposition shall be treated as a disqualifying disposition under Code
Section 421(b) and not a disposition of a share acquired pursuant to the
exercise of an incentive stock option. The Grantee shall notify the Company in
writing in the event that, prior to the later of two years after the date of
grant of this Option or one year after the transfer of any share to the Grantee
pursuant to the exercise of this Option, the Grantee shall dispose of such
share. Such notice shall state the date of disposition, the nature of the
disposition and the price, if any, received for the share.

         12.      Miscellaneous.

                  (a)      The Company covenants that it will at all times
reserve and keep available, solely for the purpose of issue upon the exercise of
this Option, a sufficient number of shares of Common Stock to permit the
exercise of this Option in full.

                  (b)      The terms of this Option shall be binding upon and
shall inure to the benefit of any successors or assigns of the Company and of
the Grantee.

                  (c)      The Grantee shall not be entitled to vote or to
receive dividends with respect to any Common Stock that may be, but has not
been, purchased under this Option and shall not be deemed to be a shareholder of
the Company with respect to any such Common Stock for any purpose.

                  (d)      This Option has been issued pursuant to the Plan and
shall be subject to, and governed by, the terms and provisions thereof. The
Grantee hereby agrees to be bound by all the terms and provisions of the Plan.
In the event of any conflict between the terms of the Plan and this Option
Agreement, the provisions of the Plan shall govern.

                  (e)      This Option Agreement shall be governed by the laws
of the State of Georgia.

                                       5

<PAGE>   6

         IN WITNESS WHEREOF, the Company and the Grantee have executed this
Option Agreement as of the day and year first above written.

                                            C & S BANCORPORATION, INC.

                                            By:
                                               ---------------------------------
                                            Its:
                                                --------------------------------

                                            GRANTEE:

                                            ------------------------------------

                                       6
<PAGE>   7

                                    EXHIBIT A

                              OPTION EXERCISE FORM

                        (To be executed by the Grantee to
                  exercise the rights to purchase Common Stock
                       evidenced by the foregoing Option)

TO:  C & S Bancorporation, Inc.

         The undersigned hereby exercises the right to purchase __________
shares of Common Stock covered by the attached Option in accordance with the
terms and conditions thereof, and herewith makes payment of the Option Price of
such shares in full.

                                              ---------------------------------
                                              Signature

                                              ---------------------------------

                                              ---------------------------------
                                              Address

                                              ---------------------------------
                                              Social Security Number

Date:
     ----------

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