Document:

431873v1
                                                                    Exhibit 10.1

                       FNB FINANCIAL SERVICES CORPORATION
                                AND SUBSIDIARIES

                                CHANGE OF CONTROL
                                 SEVERANCE PLAN

      This  Change  of  Control   Severance  Plan  of  FNB  Financial   Services
Corporation and its Subsidiaries is effective as of the date set forth below.

      Section 1. Definitions.  When used herein,  the following terms shall have
      ---------  -----------
the meanings ascribed to them below:

      a.    "Bank" shall mean FNB Southeast,  a North Carolina  commercial bank,
            and any successor thereto.

      b.    "Change of Control"  shall mean (i) a  combination  or merger of the
            Corporation,  (ii) the acquisition of more than ten percent (10%) of
            the Corporation's  outstanding Voting Shares by a Person in a single
            transaction or a series of transactions, or (iii) a purchase or sale
            of a  substantial  portion  of the  assets of the  Corporation  or a
            Subsidiary  thereof (a  purchase or sale of 20% or more of the total
            assets of the Corporation or a Subsidiary  thereof) as of the end of
            the most recent quarterly period of the Corporation  being deemed as
            "substantial"),  in each case,  as  applicable,  which  requires the
            approval of, or notice to and the absence of  objection  by, (x) any
            federal  or state  regulatory  authority  of banks,  savings  banks,
            savings and loan  associations or their holding  companies,  (y) the
            Federal Trade  Commission or the  Anti-Trust  Division of the United
            States  Department  of  Justice,  or  (z)  the  shareholders  of the
            Corporation,  but excluding any  reorganization,  share acquisition,
            merger,  purchase or sale of assets,  or  combination  the result of
            which  would  be (1) the  Continuing  Directors  of the  Corporation
            immediately  prior to the time such  transaction  becomes  effective
            would  constitute  a  majority  of the  Board  of  Directors  of the
            Corporation  (or  its  successor)  upon  the  effectiveness  of such
            transaction, and (2) the beneficial owners of the outstanding Voting
            Shares  immediately  prior  to the  time  such  transaction  becomes
            effective would be the beneficial owners of a majority of the Voting
            Shares of the Corporation (or its successor) upon the  effectiveness
            of such transaction.

      c.    "Cause" shall mean (i) the willful and continued failure of a Senior
            Officer to perform  substantially his or her assigned duties,  other
            than any failure resulting from disability (as defined in the Bank's
            disability   insurance   programs),   after  a  written  demand  for
            substantial  performance  is delivered to the Senior  Officer by the
            officer  to  whom  he or she  directly  reports  which  specifically
            identifies   the  manner  in  which  the  Senior   Officer  has  not
            substantially   performed  his  or  her  duties,  (ii)  the  willful

<PAGE>

            engagement  by the Senior  Officer  in illegal or gross  misconduct,
            (iii) continued  insubordination  by the Senior Officer with respect
            to directives of the officer to whom he or she directly reports,  or
            (iv) a  willful  act by  the  Senior  Officer  which  constitutes  a
            material breach of his or her fiduciary duty to his or her employer.

      d.    "Continuing  Director"  shall  mean  any  member  of  the  Board  of
            Directors of the Corporation  who is  unaffiliated  with any Related
            Person and was a member of the Board of Directors  prior to the time
            that any Related Person became a Related  Person,  and any successor
            of a Continuing Director who is unaffiliated with any Related Person
            and is recommended to succeed a Continuing Director by a majority of
            the Continuing Directors.

      e.    "Corporation" shall mean FNB Financial Services Corporation, a North
            Carolina  corporation  and a  financial  holding  company,  and  any
            successor thereto.

      f.    "Person"  shall  mean  an  individual,  a  corporation,   a  limited
            liability  company,  a partnership,  an  association,  a joint stock
            company,  a trust, a business trust, an unincorporated  organization
            or a similar  entity,  and shall include a syndicate or any group of
            the foregoing  formed or acting  together in concert for the purpose
            of  acquiring,  holding or  disposing  of the equity  securities  or
            assets of the Corporation or any Subsidiary thereof.

      g.    "Plan" shall mean this Change of Control Severance Plan.

      h.    "Related   Person"  shall  mean  any  Person   (together   with  its
            "affiliates"  and  "associates,"  as  defined  in Rule  12b-2 of the
            General Rules and Regulations  under the Securities  Exchange Act of
            1934, as amended (the "1934 Act")) which as of the date of its offer
            with respect to a Business  Combination is a "beneficial  owner" (as
            defined in Rule 13d-3  under the 1934 Act) in the  aggregate  of ten
            percent  (10%)  or  more of the  outstanding  Voting  Shares  of the
            Corporation.  A Related  Person  shall be deemed to have  acquired a
            share of the Voting Stock of the  Corporation  at the time when such
            Related Person became the beneficial owner thereof.

      i.    "Senior Officer" shall mean an officer of the Corporation,  the Bank
            and/or a Subsidiary  of either (i) who has attained and continues to
            hold the office of Senior Vice President or a higher office and who,
            as a result,  has had access to his or her  employer's  confidential
            and proprietary  information  and has  participated in its strategic
            planning,  or (ii) who, because of his or her access to confidential
            and proprietary  information,  level of duties and responsibilities,
            and other  employment  characteristics,  has been  designated by the
            Board of Directors  of the  Corporation  (or a committee  thereof to
            whom the Board of Directors  delegates  such  authority) as a Senior
            Officer for purposes of this Plan; provided,  however, that any such
            officer who is a party to a written  employment  agreement  with the
            Corporation,  the Bank and/or a Subsidiary  of either that  provides

<PAGE>

            for  severance   payments  to  him  or  her  in  connection  with  a
            transaction  generally  similar to a Change of Control  shall not be
            deemed a Senior  Officer and shall not be eligible to participate in
            this Plan.

      j.    "Subsidiary"  shall mean any Person of which the Person in  question
            owns not less  than  fifty  percent  (50%)  of any  class of  equity
            securities, directly or indirectly.

      k.    "Voting Shares" shall mean any shares of the authorized stock of the
            Corporation entitled to vote generally in the election of directors.

      Additional capitalized terms in this Plan shall have the meanings ascribed
to them upon their first usage.

      Section 2.  Termination  Events.  Each of the  following  events  shall be
      ---------   -------------------
deemed a "Termination Event."

      a.    The  termination of the employment of a Senior Officer without Cause
            after  the  first  to  occur  of (i) the  public  announcement  of a
            proposed  transaction  that would  constitute a Change of Control if
            consummated and (ii) the execution by the Corporation of a letter of
            intent,  agreement in principle or definitive agreement with respect
            to a  transaction  that  would  constitute  a Change of  Control  if
            consummated,  but before the  consummation of such Change of Control
            transaction.

      b.    The  termination of the employment of a Senior Officer without Cause
            after the consummation of a Change of Control  transaction but on or
            before the first anniversary thereof.

      c.    The  resignation  from  employment  by a Senior  Officer  after  the
            consummation  of a Change of Control  transaction,  but on or before
            the  first  anniversary  thereof,   after  being  offered  terms  of
            employment  providing,  or suffering a demotion causing,  (i) his or
            her annual base salary to be less than his or her annual base salary
            as of the  consummation of the Change of Control  transaction,  (ii)
            his  or  her  level  of  participation   (in  terms  of  amounts  of
            compensation  attainable)  in  incentive  plans,  bonus plans and/or
            stock-based  compensation  plans to be less than his or her level of
            participation  as of the  consummation  of  the  Change  of  Control
            transaction,  (iii) his or her  primary  business  location  to be a
            distance of twenty (20) or more miles  farther from his or her place
            of residence than the distance  existing as of the  consummation  of
            the  Change of  Control  transaction,  or (iv) his or her duties and
            responsibilities  as of the  consummation  of the  Change of Control
            transaction to be materially diminished.

       Section 3.  Severance Payments.
       ---------   ------------------

      a.    In the event of the  occurrence of a Termination  Event with respect
            to a Senior  Officer,  and subject to the  provisions  of Section 4,
            such  Senior  Officer  shall be  entitled  to receive as a severance

<PAGE>

            payment, and not as compensation for continued employment, a Monthly
            Payment on the Bank's regular payroll payment date for each calendar
            month for the number of calendar months specified  below;  provided,
            however,  that if the period during which Monthly Payments are to be
            made under the  preceding  portion  of this  sentence  would  extend
            beyond the last day of February of the calendar  year  following the
            calendar year in which the  applicable  Termination  Event  occurred
            ("End Date"), the sum of Monthly Payments due to such Senior Officer
            shall be  divided by the number of  regular  payroll  payment  dates
            occurring  between  the  Termination  Date  and the End Date and the
            dividend  of such  division  shall be the amount  paid to the Senior
            Officer on each such regular payroll payment date. "Monthly Payment"
            shall  mean an amount  equal to  one-twelfth  (1/12)  of the  Senior
            Officer's  annual  base  salary  as of the date of such  Termination
            Event.

            i.    If  Employed  for less than three (3) Years - six (6)  Monthly
                  Payments.

            ii.   If Employed for three (3) or more Years but less than five (5)
                  Years - nine (9) monthly payments.

            iii.  If Employed  for five (5) or more Years but less than ten (10)
                  Years - twelve (12) Monthly Payments.

            iv.   If Employed  for ten (10) or more Years but less than  fifteen
                  (15) Years - eighteen (18) Monthly Payments.

            v.    If  Employed  fifteen  (15) or more Years -  twenty-four  (24)
                  Monthly Payments.

            "Employed" shall mean continuous employment by the Corporation,  the
            Bank and/or any Subsidiary of either whether contemporaneously or in
            series (e.g. by a Subsidiary and then by the Bank without a break in
            employment).  "Year"  shall mean each  continuous  twelve (12) month
            period in which the Senior  Officer works at least 1,000 hours.  The
            Corporation's Board of Directors (or a committee thereof to whom the
            Board of Directors delegates such authority), in it sole discretion,
            shall  determine  the  number  of  Years a Senior  Officer  has been
            Employed   and  may,  but  shall  not  be  required  to,  take  into
            consideration   periods  of  disability,   leave  or  other  similar
            circumstances.

            It is not intended  that a Senior  Officer who is receiving  Monthly
            Payments be deemed to be an employee of the Corporation, the Bank or
            a  Subsidiary  of either  during the  period he or she is  receiving
            Monthly  Payments.  Monthly Payments shall be subject,  however,  to
            such  withholdings and deductions as the Corporation shall determine
            are required by governing laws or regulations.

      b.    Notwithstanding  the  provisions  of  Section  3(a),  the  Board  of
            Directors  of the  Corporation  may elect to increase  the number of
            Monthly  Payments  which will be made to a Senior Officer within any

<PAGE>

            of the  categories  set forth in items (i)  through  (v) of  Section
            3(a). Any such increase  shall be reflected in a writing  authorized
            by the Board and executed by the President of the Corporation or the
            Bank.

      c.    Notwithstanding  the foregoing  provisions of this Section 3, in the
            event that  following  a  Termination  Event and during the period a
            Senior Officer is receiving  Monthly  Payments the Senior Officer is
            re-employed  (whether  as a Senior  Officer or not) or engaged as an
            independent  consultant  by  the  Corporation,  the  Bank  and/or  a
            Subsidiary  of  either,  then each  Monthly  Payment  to which  such
            re-employed  or engaged  Senior  Officer is  thereafter  entitled to
            receive shall be reduced by the amount of base salary or independent
            contractor  compensation  received by such  Senior  Officer for such
            calendar month.

      Section  4.  Covenants.  As a  condition  to the  payment  of the  Monthly
      ----------   ---------
Payments  to the  Senior  Officer  and in  consideration  of his or her right to
receive  Monthly  Payments,  the Senior Officer shall be deemed to have made the
following covenants.

      (a)   During each calendar  month in which the Senior  Officer  receives a
            Monthly  Payment (each a  "Restricted  Month"),  the Senior  Officer
            shall not,  within the  geographic  areas  composed  of the  circles
            surrounding the then existing offices of the  Corporation,  the Bank
            or a Subsidiary of either,  with each circle  having the  applicable
            office as its center  point and a radius of  twenty-five  (25) miles
            (the "Territory"),  directly or indirectly,  in any capacity, render
            his or her services  to, or engage or have a financial  interest in,
            any  business  that shall be  competitive  with any of the  banking,
            financial,  mortgage  banking,  mortgage  brokerage,  or  investment
            services  activities in which the  Corporation,  the Bank and/or any
            Subsidiary   of  either   (the   "FNB   Group")   is  then   engaged
            (collectively,  the "Business  Services");  provided,  however, that
            Senior  Officer's  ownership  of less than two  percent  (2%) of the
            outstanding  securities of any Person  engaged in Business  Services
            that has a class of  securities  listed on a securities  exchange or
            qualified for quotation on any over-the-counter  market shall not be
            a violation of the foregoing.

      (b)   During  each  Restricted  Month,  within  the  Territory  the Senior
            Officer shall not, directly or indirectly, individually or on behalf
            of any  Person  (other  than a  member  of the FNB  Group)  offer to
            provide Business Services to any Person who is or was (i) a customer
            of any member of the FNB Group  during  any part of the twelve  (12)
            month period  immediately  prior to the first  Restricted  Month, or
            (ii) a  potential  customer  to whom  any  member  of the FNB  Group
            offered to provide  Business  Services during any part of the twelve
            (12) month period immediately prior to the first Restricted Month.

      (c)   During each Restricted Month, the Senior Officer shall not, directly
            or  indirectly,  individually  or on  behalf  of any  other  Person,
            solicit, recruit or entice, directly or indirectly,  any employee of
            any member of the FNB Group to leave the  employment  of such member

<PAGE>

            to work with the Senior  Officer  or with any  Person  with whom the
            Senior Officer is or becomes affiliated or associated.

      (d)   The foregoing covenants are reasonable in their time,  territory and
            scope.

      (e)   The  foregoing   covenants   shall  be  construed  as  separate  and
            independent  covenants.  Should  any part or  provision  of any such
            covenant  be held  invalid,  void or  unenforceable  by any court of
            competent  jurisdiction,  no other part or provision of any other of
            the  foregoing   covenants   shall  be  deemed   invalid,   void  or
            unenforceable  as a  result.  If any part or  portion  of any of the
            foregoing  covenants  is found to be invalid or  unenforceable  by a
            court of  competent  jurisdiction  unless  modified,  the  otherwise
            invalid or unenforceable  part or provision shall be reformed,  or a
            new enforceable  part or provision  provided,  so as to most closely
            effectuate the covenant as is validly possible.

      (f)   In the  event  the  Senior  Officer  breaches  any of the  foregoing
            covenants,  then (i) the  Corporation and the Bank shall be entitled
            to recover from the Senior Officer all Monthly  Payments paid to him
            or her subsequent to the breach and (ii) the Senior Officer's rights
            to all Monthly  Payments due after the breach and not yet paid shall
            be rescinded and of no further effect. In addition,  the Corporation
            and the Bank shall be entitled to seek to enjoin further breaches by
            such Senior  Officer and to obtain such other and further  relief at
            law or in equity as a court may deem proper.

      Section 5. Prior  Policies and Plans.  All change of control  policies and
      ---------  -------------------------
plans for  executive  and other  senior  officers of the  Corporation,  the Bank
and/or any Subsidiary of either other than this Plan are revoked,  rescinded and
of no further effect as of the effective date of this Plan.

      Section 6.  Effective Date.  This Plan is effective as of May 19, 2005.
      ---------   --------------

      Section 7. Amendment and Rescission.  This Plan may be amended at any time
      ---------  ------------------------
or from time to time and may be rescinded at any time by actions of the Board of
Directors of the Corporation; provided, however, that after the earlier to occur
of (a) the public announcement of a proposed transaction that would constitute a
Change of Control if consummated  and (b) the execution by the  Corporation of a
letter of intent, agreement in principle or definitive agreement with respect to
a transaction  that would  constitute a Change of Control if  consummated,  this
Plan may not be  rescinded  and may not be  amended  in any  manner  that  would
diminish  the benefits  receivable  by Senior  Officers  under this Plan or that
would eliminate any Senior Officer from  participation  in this Plan;  provided,
further, however, that if the Corporation's Board of Directors determines that a
proposed Change of Control transaction will not be consummated, then, other than
with  respect to Senior  Officers  suffering a  Termination  Event  described in
Section 2.a.,  this Plan  thereafter  may be amended at any time or from time to
time  or  may be  rescinded  at  any  time  by the  Board  of  Directors  of the
Corporation.exv10w1

 

Exhibit 10.1

AMENDMENT TO FUNDING AGREEMENT

This Amendment to Funding Agreement is effective as of May 24, 2005 and amends that certain Funding
Agreement dated as of 
March 10, 2005 (the “Agreement”) between FORD MOTOR COMPANY (“Ford”) and
VISTEON CORPORATION (“Visteon”).

The parties agree as follows:

1.       Definitions: All capitalized terms used herein shall have the meanings specified in the
Agreement unless otherwise specifically stated herein.

	2.  	Payment Terms: Section 3(b) of the Agreement is modified to read as follows:
	 
	 	(b)  Commencing with payables covered by Section 9.1(a) of the P&SA associated with Components
and tooling received at Ford facilities in the United States and for tooling received at
Visteon facilities in the United States, the following payment terms shall apply:

	 	 	 	 	 
	Time Period	 	Payment Terms	 
	Before April 1, 2005
	 	 	33	*
	April 1, 2005 through May 31, 2005
	 	 	26	*
	June 1, 2005 through July 31, 2005
	 	 	18	*
	August 1, 2005 through December 31, 2005
	 	 	22	*
	January 1, 2006 until termination of the Funding Agreement
	 	 	26	*
	* Number of days after applicable entry date
	 	 	 	 

	  	If this Agreement is terminated for any reason, then the payment terms for all payables
associated with Components and tooling received at Ford facilities in the United States and for
tooling received at Visteon facilities in the United States from and after the Termination Date
shall revert to the payment terms specified in Section 9.1(a) of the P&SA.

3.       No Other Changes. Except as specified herein, all other terms and conditions of the
Funding Agreement shall remain in full force and effect.

     IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Funding Agreement to be
executed by their authorized representatives as of the date first above written.

	 	 	 	 	 	 	 	 
	FORD MOTOR COMPANY

	 	VISTEON CORPORATION

	 
	By:

	 	/s/ Don R. Leclair
	 	By:
	 	/s/ James F. Palmer
	

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Title:

	 	Executive Vice President

and Chief Financial Officer
	 	Title:
	 	Executive Vice President

and Chief Financial Officer
	

	 	 
	 	 	 	 
	 
	 	 	 	 	 	 
	Date:

	 	May 24, 2005
	 	Date:
	 	May 24, 2005

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