Document:

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                                                                Exhibit 10.19(B)

         STATE OF SOUTH CAROLINA     )
                                     )      SECOND AMENDMENT
         COUNTY OF RICHLAND          )

         THIS FIRST AMENDMENT, made as of this _____ day of May, 2000, by
RESOURCE BANCSHARES MORTGAGE GROUP, INC. (the "Corporation")

                              W I T N E S S E T H:

         WHEREAS, the Corporation maintains the Resource Bancshares Mortgage
Group, Inc. Supplemental Executive Retirement Plan, effective as of January 1,
1998 (the "SERP") for the benefit of the eligible employees; and

         WHEREAS, the Corporation desires to amend the SERP so as to offset
benefits under the SERP by certain additional benefits that will be provided
through the Resource Bancshares Mortgage Group, Inc. Retirement Savings Plan;
and

         WHEREAS, in Section 6.1 of the SERP, the Corporation reserved the right
by action of the Management Compensation Committee (or, in the absence of a
Management Compensation Committee, the Board of Directors of the Corporation) to
amend the SERP.

         NOW, THEREFORE, in consideration of the premises and the mutual
covenants herein contained, the Corporation covenants and agrees that the SERP
as set forth is amended as follows:

         1. Effective as of May 31, 2000, Section 2.1(b)(21) of the SERP shall
be amended by deleting the section in its entirety and inserting the following
in its place:

         "(21) Other Retirement Benefits means, with respect to a Participant
               (whether or not the Participant elects to receive such
               benefits at Normal Retirement, Early Retirement or retirement
               pursuant to Section 4.4), the sum of (a), (b) and (c) as
               follows:

               (a) the benefit payable by the Retirement Plan to such
                   Participant expressed as an annual benefit payable as of the
                   Benefit Commencement Date as a Qualified Joint and Survivor
                   Annuity, and

               (b) the benefit payable by the Pension Restoration Plan to such
                   Participant expressed as an annual benefit payable as of the
                   Benefit Commencement Date as a Qualified Joint and Survivor
                   Annuity, and

               (c) the non-matching Corporation funded benefit payable by the
                   Retirement Savings Plan to such Participant expressed as an
                   annual benefit payable as of the Benefit Commencement Date
                   as a

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                  Qualified Joint and Survivor Annuity. For purposes of this
                  subsection (c), the non-matching Corporation funded benefit
                  shall be determined as follows:

                  All Corporation contributions (excluding elective deferrals
                  and matching contributions on those deferrals) credited to a
                  Participant's account in the Retirement Savings Plan for a
                  Plan Year shall be assumed to have been made as of the last
                  day of the respective Plan Year. Such contributions will be
                  accumulated with 8% interest from the date of each
                  contribution up to the Benefit Commencement Date of the
                  Participant and then converted to an annual benefit as a
                  Qualified Joint and Survivor Annuity (using the actuarial
                  equivalence basis as defined in the Retirement Plan for other
                  than lump sum calculations).

         The determination of the value of the joint and survivor annuities
         shall be based on the actuarial equivalence factors as defined in the
         Retirement Plan."

         2. Effective as of May 31, 2000, Section 2.1 of the SERP shall be
amended by adding the following subsection (32) at the end of the section:

         "(32) Retirement Savings Plan means the Resource Bancshares Mortgage
         Group, Inc. Retirement Savings Plan, as amended from time to time."

         3. The Corporation reserves the right by action authorized under the
SERP to amend at any time any of the terms and provisions of this Second
Amendment. Except as expressly or by necessary implication amended hereby, the
SERP shall continue in full force and effect.

         IN WITNESS WHEREOF, the Corporation has caused this First Amendment to
be executed by its duly authorized officers as of the day and year first above
written.

                                  RESOURCE BANCSHARES
                                  MORTGAGE GROUP, INC.

                                  By:
                                      -----------------------------------

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

[CORPORATE SEAL]

ATTEST:

-------------------------
John W. Currie, Secretary

                                       2<PAGE>   1

                                                                Exhibit 10.20(B)

                    RESOURCE BANCSHARES MORTGAGE GROUP, INC.
                               BOARD OF DIRECTORS
                           RETIREMENT PLAN RESOLUTIONS

         WHEREAS, Resource Bancshares Mortgage Group, Inc. (the "Corporation")
maintains the RBMG, Inc. Pension Plan, effective January 1, 1994 (the "Pension
Plan") for the benefit of the eligible employees of the Corporation; and

         WHEREAS, the Corporation maintains the RBMG, Inc. Pension Restoration
Plan, amended and restated effective as of January 1, 1995 (the "Restoration
Plan"), to provide an unfunded deferred compensation arrangement for selected
executives which provides benefits without regard to the restrictions on
benefits as contained in the federal regulations applicable to the Pension Plan;
and

         WHEREAS, the Corporation maintains the Resource Bancshares Mortgage
Group, Inc. Retirement Savings Plan (the "401(k) Plan") for the benefit of the
eligible employees; and

         WHEREAS, the Corporation desires to restructure the retirement benefits
payable to its eligible employees so as to increase the portability of
retirement benefits and to concentrate the accrual of retirement benefits in the
401(k) Plan; and

         WHEREAS, the Corporation intends to implement the restructuring of the
retirement benefits provided through the Corporation's retirement plans by
freezing benefit accruals under the Pension plan and the Restoration Plan and
amending the 401(k) Plan to provide for additional contributions; and

         WHEREAS, in Section 13.01 of the Pension Plan, the Corporation reserved
the right by action of the Board of Directors to amend the Plan; and

         WHEREAS, in Section 4.1 of the Restoration Plan, the Corporation
reserved the right by action of the Board of Directors to suspend or amend the
Restoration Plan; and

         WHEREAS, in Section 10.1 of the 401(k) Plan, the Corporation reserved
the right by action of its Board of Directors to amend the 401(k) Plan; and

         WHEREAS, in Section 1.05(a) of the 401(k) Plan, the employer
contributions under the 401(k) Plan are established for each plan year by the
Corporation.

         NOW, THEREFORE, IT IS HEREBY

         RESOLVED, that the Fourth Amendment to the Pension Plan, which has been
distributed to and reviewed by the directors and a copy of which is directed to
be attached to the minutes of this meeting, shall be and hereby is adopted and
approved.

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         RESOLVED, FURTHER, the officers of the Corporation are hereby
authorized and directed to execute and deliver the Fourth Amendment as adopted
to be effective as specified therein.

         RESOLVED, FURTHER, that additional benefit accruals under the
Restoration Plan shall be frozen effective as of May 31, 2000; such freezing of
additional benefit accruals shall remain in effect until the Board of Directors
of the Corporation approves a resolution approving the resumption of benefit
accruals under the Restoration Plan and, subject to the Corporation's rights to
terminate, suspend, or amend the Restoration Plan, the remaining sections of the
Restoration Plan shall remain in full force and effect.

         RESOLVED, FURTHER, that the Third Amendment to the 401(k) Plan, which
has been distributed to and reviewed by the directors and a copy of which is
directed to be attached to the minutes of this meeting, shall be and hereby is
adopted and approved.

         RESOLVED, FURTHER, the officers of the Corporation shall be and hereby
are authorized and directed (1) to execute and deliver the Third Amendment as
adopted to be effective as specified therein, and (2) to revise the adoption
agreement of the 401(k) Plan to reflect the adoption of the Third Amendment.

         RESOLVED, FURTHER, the Board of Directors establishes an employer
contribution under the 401(k) Plan equal to two percent (2%) of the
participant's compensation. The above described employer contributions shall be
effective for all compensation earned on or after January 1, 2000 and such
employer contributions shall continue until suspended, amended, or changed by
action of the Corporation's Board of Directors.

         RESOLVED, FURTHER, that the officers of the Corporation are hereby
authorized to take such further action as may be appropriate to carry out the
purpose and intent of the foregoing resolutions.<PAGE>   1

                                                                Exhibit 10.38(B)

                                                                     [RBMG Logo]

PERSONAL AND CONFIDENTIAL

INCENTIVE STOCK OPTION AGREEMENT UNDER THE
RESOURCE BANCSHARES MORTGAGE GROUP, INC.
OMNIBUS STOCK AWARD PLAN

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        OPTIONEE                               AGREEMENT DATE     SHARES GRANTED
--------------------------------------------------------------------------------

John Doe                                        June 1, 2000
Apt. A                               -------------------------------------------
123 Main Street                         PLAN NAME   VESTING CODE   OPTION PRICE
Anytown, USA  12345                  -------------------------------------------
                                      Omnibus Plan     OFFICER         $4.75
--------------------------------------------------------------------------------
 COUNTRY  COMPANY  SOCIAL SECURITY NO.        ANNIVERSARY DATE
--------------------------------------------------------------------------------
                       ###-##-####
   USA     RBMG                                    June 1

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This Incentive Stock Option Agreement is entered into as of the Agreement Date
shown above, between Resource Bancshares Mortgage Group, Inc., a Delaware
corporation ("RBMG"), and the Optionee shown above.

1.   Definitions. Capitalized terms used in this Option Agreement but not
     defined herein are used herein as defined in the Plan. In addition,
     throughout this Option Agreement, the following terms shall have the
     meanings indicated:

  (a) "Exercise Date" shall have the meaning indicated in paragraph 3 hereof.

  (b) "Option Period" shall mean the period commencing on the date of this
Option Agreement and ending at the close of RBMG's business ten years from the
date hereof. Notwithstanding the previous sentence, in the case of an Option
granted to a 10% Stockholder, the Option Period shall mean the period commencing
on the date of this Option Agreement and ending at the close of RBMG's business
five years from the date hereof.

  (c) "Plan" shall mean the Resource Bancshares Mortgage Group, Inc. Amended and
Restated Omnibus Stock Award Plan.

  (d) "Securities Act" shall mean the Securities Act of 1933, as amended.

2. Award of Option. Effective upon the date hereof, and subject to the terms and
conditions set forth herein and in the Plan, RBMG has awarded to the Optionee
the option to purchase from RBMG, at an Option Price per share as shown above,
up to but not exceeding in the aggregate the shares of Common Stock shown above
as the Shares Granted. RBMG intends the Option Price to be at least 100% of the
Fair Market Value of the shares of Common Stock subject to the Option as of the
Agreement Date. In the case of an Option granted to a 10% Stockholder, the
Option Price of each share of Common Stock covered by the Option is at least
110% of the Fair Market Value per share of Common Stock on the Agreement Date.
It is intended that this Option qualify to the extent possible as an ISO. RBMG
shall have no liability if this Option shall not qualify as an ISO, but this
Option shall continue in full force and effect as an NQSO notwithstanding such
failure to so qualify.

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3.   Exercise of Option.

  (a) The Option shall be exercisable, in whole or in part, at any time and from
time to time during the Option Period, but not thereafter, to the extent set
forth in the schedule below.
                                     then the maximum percentage of the
                                     Option Shares that may be purchased through
  if the Exercise Date is:           such Exercise Date is:

  Prior to the Anniversary Date that occurs
   in the year following the Agreement Date ("1st Anniversary Date"),        20%
  On or after the 1st Anniversary Date and prior to the Anniversary Date
   that occurs in the year following the 1st Anniversary Date ("2nd
   Anniversary Date"),                                                       40%
  On or after the 2nd Anniversary Date and prior to the Anniversary Date
   that occurs in the year following the 2nd Anniversary Date
   ("3rd Anniversary Date"),                                                 60%
  On or after the 3rd Anniversary Date and prior to the Anniversary Date
   that occurs in the year following the 3rd Anniversary Date
   ("4th Anniversary Date"),                                                 80%
  On or after the 4th Anniversary Date,                                     100%

The Exercise Dates contained herein are intended to comply with Code Section
422(d). In the event the aggregate Fair Market Value of the Common Stock with
respect to ISOs exercisable for the first time by Optionee during any calendar
year exceeds $100,000, the Optionee shall give notice promptly (as provided in
Section 6(e)) of such fact to RBMG. The number of shares of Common Stock subject
to this Option and the per share Option Price under each outstanding Option
shall be adjusted, to the extent the Committee deems appropriate, as provided in
Section 4.1(e) of the Plan. Sections 4.1(e), 4.1(f), 4.1(g) and 4.1(i) of the
Plan are incorporated in this Option Agreement by reference as if fully set
forth herein.

  (b) Notwithstanding Section 3(a), the Option shall terminate and may not be
exercised if the Optionee ceases to be employed by RBMG, except: (1) that, if
such Optionee's employment terminates for any reason other than conduct that in
the judgment of the Committee involves dishonesty or action by the Optionee that
is detrimental to the best interest of RBMG, then the Optionee may at any time
within three months after termination of employment exercise the Option but only
to the extent the Option was exercisable on the date of termination of
employment unless termination of employment is due to retirement at or after
Optionee attains age sixty-five, in which event the Option shall be exercisable
with respect to all Option Shares; (2) that, if such Optionee's employment
terminates on account of total and permanent disability, then the Optionee may
at any time within one year after termination of employment exercise the Option
with respect to all Option Shares; and (3) that, if such Optionee dies while in
the employ of RBMG, or within the three or twelve month period following
termination of employment as described in clause (1) or (2) above, then the
Option may be exercised at any time within twelve months following death by the
person or persons to whom the rights under the Option shall pass by will or by
the laws of descent and distribution with respect to all Option Shares.

  (c) No less than 100 shares of Common Stock may be purchased upon any one
exercise of the Option granted unless the number of shares purchased at such
time is the total remainder of shares subject to this Option.

  (d) Upon exercise of the Option, the Option Price shall be payable in United
States dollars, in cash or check or (unless the Committee otherwise prescribes)
in shares of Common Stock owned by the Optionee for a period exceeding six
months, or in a combination of cash and such Common Stock. If all or any portion
of the Option exercise price is paid in Common Stock owned by the Optionee, then
that stock shall be valued at its Fair Market Value as of the date the Option is
exercised. The Option shall be deemed to be exercised on the date (the "Exercise
Date") that RBMG receives full payment of the exercise price for the number of
shares for which the Option is being exercised.

  (e) During the lifetime of the Optionee, the Option shall be exercisable only
by the Optionee and is not be assignable or transferable and no person shall
acquire any rights therein. The Option may be transferred by will or the laws of
descent and distribution.

4. Compliance with the Securities Act; No Registration Rights. Anything in this
Option Agreement to the contrary notwithstanding, if, at any time specified
herein for the issuance of Option Shares, any law, regulation or requirement of
any governmental authority having jurisdiction in the premises shall require
RBMG or the Optionee, in the judgment of RBMG, to take any action in connection
with the shares then to be issued, then the issuance of such shares shall be
deferred until such action shall have been taken. Nothing in this Option
Agreement shall be construed to obligate

<PAGE>   3

RBMG at any time to file or maintain the effectiveness of a registration
statement under the Securities Act, or under the securities laws of any state or
other jurisdiction, or to take or cause to be taken any action that may be
necessary in order to provide an exemption from the registration requirements of
the Securities Act under Rule 144 or any other exemption with respect to the
Option Shares or otherwise for resale or other transfer by the Optionee (or by
the executor or administrator of the Optionee's estate or a person who acquired
the Option or any Option Shares or other rights by bequest or inheritance or by
reason of the death of the Optionee) as a result of the exercise of the Option
evidenced by this Option Agreement.

5. Resolution of Disputes. Any dispute or disagreement that arises under, or as
a result of, or pursuant to, this Option Agreement shall be determined by the
Committee in its absolute and uncontrolled discretion, and any such
determination or other determination by the Committee under or pursuant to this
Option Agreement, and any interpretation by the Committee of the terms of this
Option Agreement, shall be conclusive as to all persons affected thereby.

6.       Miscellaneous.

  (a) Binding on Successors and Representatives. The parties understand that
this Option Agreement shall be binding not only upon themselves, but also upon
their heirs, executors, administrators, personal representatives, successors and
assigns (including any transferee of a party hereto); and the parties agree, for
themselves and their successors, assigns and representatives, to execute any
instrument that may be necessary or desirable legally to effect such
understanding.

  (b) Entire Agreement; Relationship to Plan. The Optionee acknowledges that a
copy of the Plan has been available on the RBMG intranet ("iris"). Requests for
paper copies of the Plan or communications with respect to the Plan may be made
in writing to RBMG's plan administrator, MAVRICC Management Systems, P.O. Box
7090, Troy, MI 48007. This Option Agreement, together with the Plan, constitutes
the entire agreement of the parties with respect to the Option and supersedes
any previous agreement, whether written or oral, with respect thereto. This
Option Agreement has been entered into in compliance with the terms of the Plan;
to the extent that any interpretive conflict may arise between the terms of this
Option Agreement and the terms of the Plan, the terms of the Plan shall control.

  (c) Amendment. Neither this Option Agreement nor any of the terms and
conditions herein set forth may be altered or amended orally, and any such
alteration or amendment shall be effective only when reduced to writing and
signed by each of the parties or their respective successors or assigns.

  (d) Construction of Terms. Any reference herein to the singular or plural
shall be construed as plural or singular whenever the context requires.

  (e) Governing Law; Submission to Jurisdiction. This Option Agreement shall be
governed by and construed in accordance with the laws of the State of South
Carolina. The parties hereby consent to the exclusive jurisdiction and venue of
the Court of Common Pleas in Richland County, South Carolina for purposes of
adjudicating any issue arising hereunder.

  (f) Severability. The invalidity or unenforceability of any particular
provision of this Option Agreement shall not affect the other provisions hereof,
and this Agreement shall be construed in all respects as if such invalid or
unenforceable provision was omitted.

IN WITNESS WHEREOF, a duly authorized agent of RBMG has executed this Option
Agreement to be effective as of the Agreement Date stated above and the Optionee
shall have assented to, entered into and accepted this Option Agreement if the
Optionee does not notify RBMG in writing (at the address contained in Section
5(b) of this Option Agreement) within 30 days of receipt of this Option
Agreement of the Optionee's refusal to enter into this Option Agreement.

RESOURCE BANCSHARES MORTGAGE GROUP, INC.

By:
   ----------------------------------------------
   Douglas K. Freeman, Chief Executive Officer

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