Document:

EXHIBIT 10.19

               ABC BANCORP 2000 OFFICER/DIRECTOR STOCK BONUS PLAN

         1. PURPOSE. This ABC BANCORP 2000 OFFICER/DIRECTOR STOCK BONUS PLAN
(the "Plan") is hereby adopted by ABC BANCORP ("ABC" and together with its
direct and indirect subsidiaries, referred to herein collectively as the
"Company") for the purpose of furthering the interests of the Company by
providing incentives to certain officers and directors of the Company. ABC
believes that the issuance of awards under this Plan will align the interests of
Participants (as defined in Section 4 hereof) with the interests of the Company
in achieving growth and maximizing values, and will encourage Participants to
remain with the Company by providing them with a participation interest in the
Company's profitability.

         2. ADMINISTRATION. The Plan shall be administered by the Board of
Directors or the Compensation Committee of the Board of Directors of ABC (in
either case, referred to herein as the "Committee"). The Committee shall at all
times consist of at least two (2) directors of the Company. All members of the
Committee shall be "disinterested directors" as defined in Rule 16b-3
promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange
Act").

         3. INTERPRETATION. Subject to the provisions of the Plan and applicable
law, the Committee is authorized to interpret the Plan and to prescribe, amend
and rescind rules and regulations relating to the Plan and to any awards made
thereunder, and to make all other determinations necessary or advisable for the
administration of the Plan.

         4. PARTICIPANTS. No one other than officers and directors of the
Company shall be eligible to participate in the Plan (any officer or director
who is selected to participate in the Plan is hereinafter referred to as a
"Participant"). The Committee shall make an award ("Award") to each Participant
of one share of preferred stock, par value $100.00 per share (each, a "Share"
and collectively, the "Shares"), of each of Cairo Real Estate Holdings, Inc.,
Central Real Estate Holdings, Inc., Citizens Real Estate Holdings, Inc., First
National Real Estate Holdings, Inc., M&F Real Estate Holdings, Inc., Moultrie
Real Estate Holdings, Inc., Quitman Real Estate Holdings, Inc., Southland Real
Estate Holdings, Inc. and Thomas Real Estate Holdings, Inc. (collectively, the
"REITs"), each an indirect wholly-owned subsidiary of ABC. The Shares have been
previously contributed to ABC by its direct and indirect subsidiaries. The
Awards shall be made to not less than one hundred (100) nor more than two
hundred (200) Participants (the "Participation Limit"). Participation in the
Plan shall not confer any right of continuation of service as an officer,
director or employee of the Company.

         5. CRITERIA FOR AWARD. The Committee shall make Awards under the Plan
based on one or more of the following bases:

                  (a) the Committee may establish certain goals or minimum
targets which, if met or achieved, will enable the Participants to receive
Awards under the Plan; or

                  (b) the Committee may identify those officers and directors
who have made contributions to the Company and who are deserving of special
rewards for their efforts and make Awards to them; or

                  (c) a combination of (a) and (b) above.
<PAGE>
                  6. SHARES AVAILABLE. All of the Shares beneficially owned by
ABC are available to be awarded under the Plan. In the event that ABC
repurchases any of the Shares issued pursuant to the Plan, ABC shall be
permitted to subject these Shares to other Awards under the Plan. In addition,
to the extent that all of the Shares of a Participant are repurchased, that
individual shall no longer be included as a shareholder for purposes of
calculating the Participation Limit.

         7. AWARDS. The granting of an Award shall take place only when an Award
Certificate substantially in the form of Exhibit A attached hereto is executed
by or on behalf of the Committee and delivered to the Participant and all
conditions for the effectiveness of the Award have been satisfied. The terms of
any Award shall be as set forth in the Award Certificate. The Award shall be
subject to all terms and conditions contained in the Award Certificate, and the
Award shall be effective at such times and upon such other terms as stated in
the Award Certificate. The issuance of an Award Certificate to a Participant and
the satisfaction of all terms and conditions thereof shall, upon the effective
date thereof, entitle such Participant to receive the number of Shares specified
in the Award Certificate as a bonus under the Plan without any consideration for
such Shares.

         8. PRESENTMENT OF AWARD CERTIFICATES. To receive Shares upon the
effectiveness of an Award, a Participant shall present and surrender the Award
Certificate to the Secretary of ABC at ABC's principal executive offices within
thirty (30) days after effective the date of the Award. Certificates
representing the Shares generally will be issued to the Participant within
thirty (30) days after proper presentment of the Award Certificate. If the Award
Certificate is not presented within the proper time, the Award shall be deemed
to have lapsed, unless the Committee extends the time for presentment, and the
Shares issuable thereunder shall thereafter become available for future Awards.

         9. RESTRICTIONS ON TRANSFER, PERMITTED TRANSFERS. Shares issued
pursuant to the Plan shall not be transferred except in the case of a "permitted
transfer." A permitted transfer is a transfer or assignment made (i) in
accordance with the Certificates of Incorporation of the REITs; (ii) by or to
ABC pursuant to the Plan and in accordance with the Certificates of
Incorporation of the REITs; (iii) by bequest or the laws of descent or
distribution in accordance with the Certificates of Incorporation of the REITs;
(iv) by a trust to the trust's beneficiaries in accordance with the Certificates
of Incorporation of the REITs; or (v) pursuant to an effective registration
statement under the Securities Act of 1933, as amended, simultaneously with the
registration of the preferred stock of all of the REITs under Section 12 of the
Exchange Act. Transfers under clauses (iii), (iv) and (v) of this Section 9
shall be subject to the transferee agreeing to be bound by the restrictions on
transfer set forth in the Plan.

         10. TERMINATION OF EMPLOYMENT. Upon the termination of a Participant's
employment with the Company or services to the Company as a director for any
reason (including the death of a Participant), ABC shall have the option to
purchase, and in such event, the Participant shall sell to ABC, all or any
portion of the Shares owned by the Participant. The purchase price for such
Shares shall be equal to the aggregate par value of the Shares plus any
previously declared but unpaid dividends thereon. The closing of the purchase of
such Shares shall take place at the time and place and in accordance with the
procedures set forth in, and the purchase price shall be paid in accordance
with, Section 12 hereof. All purchases and sales pursuant to this Section 10
shall be subject to the terms and conditions of the Certificates of
Incorporation of the REITs.
<PAGE>
         11. RIGHT OF FIRST REFUSAL. Except as provided in Section 10 hereof, a
Participant may not sell or transfer any part or all of his Shares except upon
compliance with all of the terms and provisions of this Section 11.

                  (a) If a Participant desires to sell any part or all of his
Shares (referred to herein as the "Sale Shares"), then the Participant shall
give prompt written notice (the "Selling Notice") to ABC of such Participant's
desire to sell such Sale Shares.

                  (b) Upon receipt of such Selling Notice, ABC shall have the
option to purchase all or any portion of the Sale Shares for a purchase price
per Share equal to the par value of each Sale Share plus any previously declared
but unpaid dividends thereon. ABC's option will be exercisable by written notice
(the "Exercise Notice") from ABC to the selling Participant given within thirty
(30) days following the date the Selling Notice was received, stating ABC's
intention to exercise its option hereunder.

                  (c) The closing of the purchase of such Sale Shares shall take
place at the time and place and in accordance with the procedures set forth in,
and the purchase price shall be paid in accordance with, Section 12 hereof. All
purchases and sales pursuant to this Section 11 shall be subject to the terms
and conditions of the Certificates of Incorporation of the REITs.

                  (d) In the event that all of the Sale Shares are not purchased
by ABC in accordance with this Section 11, then the selling Participant may,
after the date that ABC's option expires, sell all of the Sale Shares set forth
in the Selling Notice in accordance with the terms of the Plan and the
Certificates of Incorporation of the REITs. If the Participant does not sell the
Sale Shares in accordance with the terms of the Selling Notice, then the selling
Participant must again offer the Sale Shares first to ABC in accordance with
this Section 11.

                  (e) If the exercise of the right of first refusal set forth in
this Section 11 by any Participant causes any of the REITs to violate the
"100-shareholder" requirements of Section 856(a)(5) of the Internal Revenue Code
of 1986, as amended (the "Code"), or causes any of the REITs to be deemed to be
"closely held" within the meaning of Section 856(h) of the Code, then ABC shall,
within thirty (30) days after the closing of such purchases under this Section
11, transfer the Shares to that number of Participants not already owning or
holding the capital stock of the REITs necessary for the REITs to continue to
comply with the "100-shareholder" requirements of Section 856(a)(5) of the Code
or to not be deemed to be "closely held" within the meaning of Section 856(h) of
the Code.

         12. CLOSING OF PURCHASES AND SALES. The closing of the purchase of the
Shares pursuant to Sections 10 or 11 hereof shall occur at the offices of ABC on
(a) the 60th day after the date of the Participant's termination of employment
with the Company or services to the Company as a director, or (b) the 30th day
after the date that the Participant receives the Exercise Notice pursuant to
Section 11 hereof, as the case may be. At the closing, ABC shall pay to the
Participant or his heirs, successors or personal representatives, as the case
may be, by check an amount equal to the purchase price for the Shares being
repurchased, and the Participant or his heirs, successors or personal
representatives, as the case may be, shall deliver to ABC a certificate or
certificates representing the Shares being repurchased, duly endorsed or
accompanied by an assignment separate from certificate duly endorsed. Title to
such Shares will pass concurrently with their delivery. Such delivery shall
constitute a representation and warranty on the part of the Participant or his
heirs, successors or personal representatives, as the case may be, that he has,
and thereby conveys, good and marketable title to the Shares, free and clear of
all claims, liens and other encumbrances.
<PAGE>
         13. SUPPLEMENTAL RIGHT OF REDEMPTION. In addition to any transfer
rights set forth in the Plan or the Certificates of Incorporation of the REITs,
if a Participant exercises such Participant's right to require the REITs to
redeem such Participant's Shares in accordance with the terms of the
Certificates of Incorporation of the REITs, and the REITs are unable or
unwilling for any reason to redeem such Shares, then such Participant shall have
the right to sell to ABC or to any entity then controlling ABC, either directly
or indirectly, and ABC and such other entity shall have the obligation to
purchase from such Participant, his or her Shares in the same manner and upon
the same terms and conditions as the REITs are obligated to redeem such Shares
pursuant to their respective Certificates of Incorporation. If any of the
purchases required by this Section 13 causes any of the REITs to violate the
"100-shareholder" requirements of Section 856(a)(5) of the Code, or cause any of
the REITs to be deemed to be "closely held" within the meaning of Section 856(h)
of the Code, then ABC shall, within thirty (30) days after the closing of such
purchases under this Section 13, transfer the Shares to that number of
Participants not already owning or holding the capital stock of the REITs
necessary for the REITs to continue to comply with the "100-shareholder"
requirements of Section 856(a)(5) of the Code or to not be deemed to be "closely
held" within the meaning of Section 856(h) of the Code.

         14. RIGHTS AS A SHAREHOLDER. A Participant shall have no rights as a
shareholder until the date of the issuance to him of a certificate representing
such Shares. No adjustment shall be made for dividends (ordinary or
extraordinary, whether in cash, securities or other property) or distributions
or other rights for which the record date is prior to the date such Award is
properly presented in the manner set forth herein.

         15. DISCLOSURE STATEMENT. Upon the grant of an Award to a Participant,
the Participant will be provided with a Disclosure Statement describing each of
the REITs, its business, operations and financial condition. A Participant will
also be provided, within ninety (90) days after the end of each fiscal year,
with financial statements with respect to each of the REITs.

         16. AMENDMENTS AND TERMINATION. The Board of Directors of ABC may
amend, suspend, discontinue or terminate the Plan, but no such action may,
without the consent of the holder of any Award granted hereunder, alter or
impair such Award.

         17. BINDING EFFECT. This Agreement shall be binding upon and inure to
the benefit of the parties hereto and their respective heirs, successors and
personal representatives, as the case may be.

         18. CONSTRUCTION. The captions and headings provided in this Plan are
for convenience only and shall not be deemed to be a part of this Plan. As used
herein, pronouns in the masculine shall be deemed to refer to the feminine and
the neuter.
<PAGE>

                                                                       EXHIBIT A

               ABC BANCORP 2000 OFFICER/DIRECTOR STOCK BONUS PLAN

                                AWARD CERTIFICATE

         WHEREAS, ________________________________________________ (the
"Participant") has demonstrated unusual effort and ability in his/her service to
ABC BANCORP ("ABC") and/or its subsidiaries (collectively, the "Company"), and
has met the goals and achieved the standards established for him/her by the
Company; and

         WHEREAS, the Board of Directors of ABC considers it desirable and in
ABC's best interests to reward the Participant by awarding to the Participant a
bonus in shares of preferred stock, par value $100.00 per share, of [LIST REITs]
(the "REITs"), each an indirect wholly-owned subsidiary of ABC, pursuant to the
terms and conditions of the ABC Bancorp 2000 Officer/Director Stock Bonus Plan
(the "Plan");

         NOW THEREFORE, ABC hereby awards to the Participant the right to
receive from ABC one (1) share of the preferred stock of each of the REITs, each
with a par value of $100.00 (collectively, the "Shares"), upon presentation of
this Award Certificate to the Secretary of ABC at the principal executive
offices of ABC within thirty (30) days of the date hereof.

         THIS AWARD CERTIFICATE is subject to all terms, conditions and
provisions of the Plan.

         IN WITNESS WHEREOF, this Award Certificate has been executed on behalf
of ABC as of the _______ day of ______________________, ______________.

ATTEST:                                   ABC BANCORP
                                          By

-------------                             ------------------------------------
                                          Name and TitleEXHIBIT 4.4(H)
                              TERMINATION AGREEMENT

         THIS TERMINATION AGREEMENT (the "Agreement"), dated as of January 28,
2000, is entered into by MORGAN GUARANTY TRUST COMPANY OF NEW YORK, as Agent
(the "Agent") for each of the Banks, as defined in the Credit Agreement (as
defined below) party to the Credit Agreement (collectively, the "Banks"), in
favor of CONE MILLS CORPORATION, a North Carolina corporation (the "Borrower"):

  R E C I T A L S

         WHEREAS, the Borrower, the Agent and the Banks have entered into that
Credit Agreement dated as of August 7, 1997, as amended by that Amendment No. 1
and Waiver to the Credit Agreement dated as of October 3, 1999 (the "Credit
Agreement");

         WHEREAS, in connection with that certain Credit Agreement to be dated
of even date herewith by and among the Borrower, Bank of America, N.A., as
Revolving Credit Agent ("Revolving Credit Agent" or "Bank of America"), and the
lenders party thereto from time to time, Bank of America is requiring that the
Credit Agreement and the Notes issued pursuant thereto (the "Notes") be
terminated; and

         WHEREAS, on the date hereof the Borrower has terminated the Commitments
(as defined in the Credit Agreement) and has prepaid its Loans (as defined in
the Credit Agreement), with respect to principal, interest and costs, under the
Credit Agreement in full and, in connection therewith, the Borrower has
requested that the Agent terminate the Credit Agreement and the Notes (except to
the extent the terms and provisions of such documents provide rights or remedies
to the Agent or the Banks which survive a termination of the Commitments) and
release the rights and obligations of the Borrower and its Subsidiaries created
pursuant to the Credit Agreement and the Notes.

         NOW, THEREFORE, in consideration of the premises and other good and
valuable consideration, the receipt and sufficiency of which hereby are
acknowledged, the parties hereto agree as follows:

         SECTION 1. DEFINITIONS. Terms defined in the Credit Agreement and not
otherwise defined herein are used herein as therein defined.

         SECTION 2. PAYOFF AMOUNT. The total principal amount of all Loans
outstanding under the Credit Agreement as of the date hereof is $72,000,000. The
total amount of interest, fees and other amounts due under the Credit Agreement
as of the date hereof is $404,782.22. The total payoff amount of principal,
interest, fees and all other amounts due under the Credit Agreement as of the
date hereof is $72,404,782.22 (the "Payoff Amount").

         SECTION 3. TERMINATION OF AGREEMENTS. Upon receipt of the Payoff
Amount, the Credit Agreement and each of the Notes is hereby terminated (except
to the extent the terms and provisions of the Credit Agreement provide rights or
remedies to the Agent or the Banks which expressly survive termination of the
Commitments) and shall be of no further force and effect from and after the date
hereof; provided that terms and provisions that provide for rights or remedies
to the Agent or the Banks which expressly survive such termination, and any
rights of indemnification granted thereby to the Agent and the Banks and all

                                       88
<PAGE>

obligations of the Borrower or any Subsidiary to pay expenses under the Credit
Agreement, shall survive and shall not be terminated.

         SECTION 4. DELIVERY OF NOTES. The Agent agrees to cause to be delivered
to the Borrower on the effective date hereof, the Notes.

         SECTION 5. FURTHER ASSURANCES. Upon and after the effective date
hereof, the Agent shall execute and deliver, at the Borrower's expense, such
documents, instruments and other agreements, as the Borrower or Bank of America
shall reasonably request to evidence the termination and release effected
hereby.

         SECTION 6. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

         SECTION 7. COUNTERPARTS. This Agreement may be executed in any number
of counterparts each of which when so executed shall be deemed to be an original
and all of which taken together shall constitute one and the same agreement.
Delivery of an executed counterpart of a signature page to this Agreement by
telecopier shall be effective as delivery of a manually executed counterpart of
this Agreement.
         IN WITNESS WHEREOF, the undersigned has caused this Agreement to be
duly executed and delivered by its officer thereunto duly authorized as of the
date first above written.

                                   MORGAN  GUARANTY  TRUST  COMPANY OF NEW YORK,
                                   AS AGENT FOR THE BANKS

                                   By:  /s/ Kimberly L. Turner
                                   Name:  Kimberly L. Turner
                                        Title:  Vice President

                                   CONE MILLS CORPORATION

                                   By:  /s/ Gary L. Smith
                                        Name:  Gary L. Smith
                                        Title:  EVP and CFO

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