Document:

EXHIBIT 10.6

                              EMPLOYMENT AGREEMENT

         THIS EMPLOYMENT AGREEMENT ("Agreement") made and entered into as of
this 1st day of July, 2004 by and between Steven G. Deaton, a resident of the
State of Georgia ("Employee") and CNB Holdings, Inc., a Georgia bank holding
company, and Chattahoochee National Bank, CNB Holdings, Inc.'s wholly owned
subsidiary (collectively referred to as "CNB").

                                   WITNESSETH:

         WHEREAS, Employee is currently an executive officer of CNB; and

         WHEREAS, CNB and Employee have entered into an employment agreement as
of September 24, 2001 (the "2001 Contract"); and

         WHEREAS, CNB and Employee each desire to modify the 2001 Contract by
amending and restating the 2001 Contract in its entirety as set forth herein;
and

         WHEREAS, CNB and Employee each deem it necessary and desirable, for
their mutual protection, to execute a written document setting forth the terms
and conditions of said relationship.

         NOW, THEREFORE, in consideration of the employment of Employee by CNB,
of the premises and the mutual promises and covenants contained herein, and of
other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged, the parties hereto, intending to be legally bound, agree as
follows:

         1. EMPLOYMENT AND DUTIES. CNB hereby employs Employee to serve as
Executive Vice President and Senior Lending Officer and to perform such duties
and responsibilities as

<PAGE>

customarily performed by persons acting in such capacity. During the term of
this Agreement, Employee will devote his full time and effort to his duties
hereunder.

         2. TERM. The period of the Employee's employment under this Agreement
shall be deemed to have commenced as of the date of this Agreement, and shall
continue until the earlier of (i) December 31, 2005, unless the Employee dies
before December 31, 2005, in such case the period of employment shall continue
until the end of the month of such death, or (ii) any termination as provided
for in Section 12 herein.

         3. COMPENSATION. For all services rendered by Employee during the term
of this Agreement, CNB agrees to pay Employee in accordance with the terms
outlined in EXHIBIT A, less normal witholdings.

         4. EXPENSES. So long as Employee is employed hereunder, Employee is
entitled to receive reimbursement for, or seek payment directly by CNB of, all
reasonable expenses which are consistent with the normal policy of CNB in the
performance of Employee's duties hereunder, provided that Employee accounts for
all such expenses in writing.

         5. EMPLOYEE BENEFITS. SO long as Employee is actively employed
hereunder, Employee will be entitled to participate in the employee benefit
programs covering the Employee's employment and duties as described in EXHIBIT A
of this Agreement, if any, provided and paid for by CNB for its employees
generally.

         6. PAID TIME OFF. Employee shall be entitled to twenty-five (25) paid
time off days, twenty (20) of which may be scheduled in advance.

         7. CONFIDENTIALITY. In Employee's position as an employee of CNB,
Employee has had and will have access to confidential information, trade secrets
and other proprietary information of vital importance to CNB and has and will
also develop relationships with

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<PAGE>

customers, employees and others who deal with CNB which are of value to CNB. CNB
requires as a condition to Employee's employment with CNB that Employee agrees
to certain restrictions on Employee's use of proprietary information and
valuable relationships developed during Employee's employment with CNB. In
consideration of the terms and conditions contained herein, the parties hereby
agree as follows:

                  7.1 CNB and Employee mutually agree and acknowledge that CNB
may entrust Employee with highly sensitive confidential, restricted and
proprietary information concerning various Business Opportunities (as
hereinafter defined), customer lists, and personnel matters. Employee
acknowledges that he shall bear a fiduciary responsibility to CNB to protect
such information from use or disclosure that is not necessary for the
performance of Employee's duties hereunder, as an essential incident of
Employee's employment with CNB.

                  7.2 For the purposes of this Section, the following
definitions shall apply:

                           7.2.1 "TRADE SECRET" shall mean the identity of
customers of CNB, the whole or any portion or phase of any scientific or
technical information, design, process, procedure, formula or improvement that
is valuable and secret (in the sense that it is not generally known to
competitors of CNB) and which is defined as a "trade secret" under Georgia law
pursuant to the Georgia Trade Secrets Act.

                           7.2.2 "CONFIDENTIAL INFORMATION" shall mean any data
or information, other than Trade Secrets, which is material to CNB and not
generally known by the public. Confidential Information shall include, but not
be limited to, Business Opportunities of CNB (as hereinafter defined), the
details of this Agreement, CNB's business plans and financial statements and
projections, and the costs of the services CNB may offer or provide to the

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<PAGE>

customers they serve, to the extent such information is material to CNB and not
generally known to the public.

                           7.2.3 "BUSINESS OPPORTUNITIES" shall mean any
specialized information or plans of CNB concerning the provision of financial
services to the public, together with all related information concerning the
specifics of any contemplated financial services regardless of whether CNB has
contacted or communicated with such target person or business.

                           7.2.4 Notwithstanding the definitions of Trade
Secrets, Confidential Information, and Business Opportunities set forth above,
Trade Secrets, Confidential Information, and Business Opportunities shall not
include any information:

                           (i) that is or becomes generally known to the public;

                           (ii) that is already known by Employee or is
developed by Employee after termination of employment through entirely
independent efforts;

                           (iii) that Employee obtains from an independent
source having a bona fide right to use and disclose such information;

                           (iv) that is required to be disclosed by law, except
to the extent eligible for special treatment under an appropriate protective
order; or

                           (v) that CNB Holdings, Inc.'s Board of Directors
approves for release.

                  7.3 Employee shall not, without the prior approval of CNB
Holdings, Inc.'s Board of Directors, during his employment with CNB and for so
long thereafter as the information or data remain Trade Secrets, use or
disclose, or negligently permit any unauthorized person who is not an employee
of CNB to use, disclose, or gain access to, any Trade Secrets of CNB, its
subsidiaries or affiliates, or of any other person or entity making Trade
Secrets available for CNB's use.

                                       4
<PAGE>

                  7.4 Employee shall not, without the prior written consent of
CNB, during his employment with CNB and for a period of two (2) years thereafter
as long as the information or data remain competitively sensitive, use or
disclose, or negligently permit any unauthorized person who is not employed by
CNB to use, disclose, or gain access to, any Confidential Information or
Business Opportunities to which the Employee obtained access by virtue of his
employment with CNB, except as provided in Section 7.2 of this Agreement.

          8.  OBSERVANCE OF SECURITY MEASURES. During Employee's employment with
CNB,  Employee  is  required to observe all security measures adopted to protect
Trade Secrets, Confidential Information, and Business Opportunities of CNB.

          9. RETURN OF MATERIALS. Upon the request of CNB and, in any event,
upon  the  termination of his employment with CNB, Employee shall deliver to CNB
all  memoranda, notes, records, manuals or other documents, including all copies
of  such  materials,  pertaining  to  the  performance  of  Employee's  services
hereunder  or  containing  Trade  Secrets,  Confidential Information or Business
Opportunities, whether made or compiled by Employee or furnished to him from any
source by virtue of his employment with CNB.

          10. SEVERABILITY. Employee acknowledges and agrees that the covenants
contained  in  Sections  7  through  9  of  this Agreement shall be construed as
covenants  independent  of one another and distinct from the remaining terms and
conditions of this Agreement, and severable from every other contract and course
of  business between CNB and Employee, and that the existence of any claim, suit
or  action  by  Employee  against CNB, whether predicated upon this or any other
agreement,  shall  not constitute a defense to CNB's enforcement of any covenant
contained in Sections 7 through 9 of this Agreement.

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<PAGE>

          11. SPECIFIC PERFORMANCE. Employee acknowledges and agrees that the
covenants  contained in Sections 7 through 9 of this Agreement shall survive any
termination  of employment, as applicable, with or without Cause (as hereinafter
defined),  at  the  instigation or upon the initiative of either party. Employee
further  acknowledges  and agrees that the ascertainment of damages in the event
of  Employee's  breach of any covenant contained in Sections 7 through 9 of this
Agreement  would  be  difficult,  if  at  all  possible.  Employee  therefore
acknowledges  and  agrees  that  CNB shall be entitled in addition to and not in
limitation  of  any  other  rights,  remedies,  or  damages  available to CNB in
arbitration, at law or in equity, upon submitting whatever affidavit the law may
require,  and  posting  any  necessary  bond,  to  have  a  court  of  competent
jurisdiction enjoin Employee from committing any such breach.

         12. TERMINATION. During the term of this Agreement, employment,
including without limitation, all compensation, salary, expenses,
reimbursements, and employee benefits may be terminated as follows:

                  12.1 At the election of CNB for Cause in which case only
compensation due and payable through the effective date of termination shall be
owed to the Employee;

                  12.2 At Employee's election, upon CNB's breach of any material
provision of this Agreement in which case;

                  12.3 "Cause" shall mean (i) conduct by Employee that amounts
to fraud, dishonesty, gross negligence or willful misconduct in the performance
of his duties hereunder; (ii) the conviction (from which no appeal may be, or
is, timely taken) of Employee of a felony; or (iii) initiation of suspension or
removal proceedings against Employee by federal or state regulatory authorities
acting under lawful authority pursuant to provisions of federal or state law

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<PAGE>

or regulation which may be in effect from time to time. No termination for Cause
shall be effective unless it is approved by a two-thirds (2/3) vote of CNB
Holdings Inc.'s Board of Directors, excluding the vote, if any, of Employee;

                  12.4 Upon Employee's death, or at the election of either
party, upon Employee's disability resulting in inability to perform the duties
described in Section 1 of this Agreement for a period of ninety (90) consecutive
days as determined by CNB Holdings Inc.'s Board of Directors in its sole
discretion in either case only compensation due and payable through the
effective date of termination shall be owed to the Employee;

                  12.5 By CNB without Cause in which case CNB shall pay to
Employee as Employee's sole remedy hereunder an amount equal to six (6) months
of Employee's existing base salary plus medical, hospitalization and term life
insurance; or

                  12.6 By CNB without Cause following a Change of Control (as
hereinafter defined) of CNB in which case CNB shall pay to Employee as
Employee's sole remedy hereunder an amount equal to one (1) year of existing
base salary. "Change of Control" of CNB means any transaction, whether by
merger, consolidation, asset sale, tender offer, reverse stock split or
otherwise, which results in the acquisition of beneficial ownership (as such
term is defined under the rules and regulations promulgated under the Securities
Exchange Act of 1934, as amended) by any person or entity or any group of
persons or entities acting in concert, of 50% or more of the outstanding shares
of common stock of CNB Holdings, Inc.

         13. NOTICE. All notice provided for herein shall be in writing and
shall be deemed to be given when delivered in person or deposited in the United
States Mail, registered or certified, return receipt requested, with proper
postage prepaid and addressed as follows:

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<PAGE>

         CNB:                                CNB Holdings, Inc.
                                             3625 Brookside Parkway, Suite 100
                                             Alpharetta, Georgia 30022-4434
                                             ------------------------

         With a copy to:                     Powell Goldstein LLP
                                             Fourteenth Floor
                                             1201 West Peachtree Street, NW
                                             Atlanta, Georgia 30309-3488
                                             Attn: Kathryn L. Knudson, Esquire

         Employee:                           Steven G. Deaton
                                             2670 Misty Morning Lane
                                             Roswell, GA 30076

         With a copy to:                     ------------------------
                                             ------------------------
                                             ------------------------

         14. COVENANT NOT TO SOLICIT.

                  14.1 For purposes of this Section 14, CNB and Employee conduct
the following business in the following territories:

                           14.1.1 CNB is engaged in the business of transacting
business as a bank holding company with subsidiary bank(s) which accept
deposits, make loans, cash checks and otherwise engage in the business of
banking ("Business of CNB").

                           14.1.2 CNB (through its subsidiaries) actively
conducts business in the geographic areas of Georgia at the business locations
of CNB's subsidiaries set forth in EXHIBIT B of this Agreement.

                           14.1.3 Employee has established business
relationships in the geographic area covered by a circle having a radius of
fifty (50) miles from the locations set forth in EXHIBIT B of this Agreement.

                  14.2 Employee agrees that both during the term of this
Agreement and for a period of twelve (12 months) after the termination of this
Agreement for any reason, Employee

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<PAGE>

will not (except on behalf of or with the prior written consent of CNB Holdings,
Inc.'s Board of Directors), within such geographic area as described in Section
14.1.3, on his own behalf or in the service of or on behalf of others, solicit,
divert or appropriate or attempt to solicit, divert or appropriate any business
from any of CNB's customers, including prospective customers actively sought by
CNB, with whom the Executive has or had material contact during the last two (2)
years of his employment, for purposes of providing products or services that are
competitive with those provided by CNB.

                  14.3 Employee agrees that both during the term of this
Agreement and for a period of twelve (12) months after the termination of this
Agreement for any reason, Employee will not enter into, and will not participate
in, any plan or arrangement to cause any employee of CNB to terminate his or her
employment with CNB, and, Employee further agrees that for a period of at least
twelve (12) months after the termination of employment by any employee of CNB,
Employee will not hire such employee in connection with any business initiated
by Employee or any other person, firm or corporation. Employee further agrees
that information as the capabilities of CNB's employees, their salaries and
benefits, and any other terms of their employment is Confidential Information
and proprietary to CNB.

                  14.4 The covenants contained in this Section 14 shall be
construed as agreements severable from and independent of each other and of any
other provision of this or any other contract or agreement between the parties
hereto. The existence of any claim or cause of action by Employee against CNB,
whether predicated upon this or any other contract or agreement, shall not
constitute a defense to the enforcement by CNB of said covenants.

         15. MISCELLANEOUS.

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<PAGE>

                  15.1 This Agreement constitutes and expresses the whole
agreement of the parties in reference to the employment of Employee by CNB, and
there are no representations, inducements, promises, agreements, arrangements,
or undertakings oral or written, between the parties other than those set forth
herein.

                  15.2 This Agreement shall be governed by the laws of the State
of Georgia.

                  15.3 Should any clause or any other provision of this
Agreement be determined to be void or unenforceable for any reason, such
determination shall not affect the validity or enforceability of any clause or
provision of this Agreement, all of which shall remain in full force and effect.

                  15.4     Time is of the essence in this Agreement.

                  15.5 This Agreement shall be binding upon and enure to the
benefit of the parties hereto and their successors and assigns. This Agreement
shall not be assignable by any other parties hereto without the prior written
consent of the other parties.

                  15.6 This Agreement may be executed in multiple counterparts,
 each of which shall be deemed an original and all of which taken together shall
 constitute but a single instrument.

                  [Remainder of Page Intentionally Left Blank]

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<PAGE>

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

                                       "Employee"

/s/ Glenda Hill                        /s/ Steve G. Deaton
-------------------------------        -----------------------------
Witness                                Steve G. Deaton

ATTEST:                                "CNB"

                                       CNB HOLDINGS, INC.

By: /s/ Catherine Duncan                By:  /s/ H. N. Padget
    ---------------------------          ---------------------------
_______________Secretary                     President/CEO
                                             -----------------------

(CORPORATE SEAL)
                                       By:  /s/ W. H. Groce
                                            -------------------------
                                             Chairman Compensation Committee

                                       CHATTAHOOCHEE NATIONAL BANK

By: /s/ Catherine Duncan                By:  /s/ H. N. Padget
    ---------------------------         ----------------------------------------
_______________Secretary                     President/CEO
                                             -----------------------------------

(CORPORATE SEAL)
                                       By:  /s/ W. H. Groce
                                            ------------------------------------

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<PAGE>

                                    EXHIBIT A
                                    ---------

                              EMPLOYEE COMPENSATION
                              ---------------------

SALARY:
Period                   Annual Salary Rate
------                   ------------------

7/04-12/04                     160,000
1/05-12/05                     160,000

2004 ANNUAL PERFORMANCE BONUS

For the 2004 calendar year and payable in January 2005, Employee's Annual
Performance Bonus will be based on the criteria set forth below with the target
bonus being $100,000, weighted as follows:

Bank Earnings:             15%      ($15,000)
Strategic Initiative:      85%      ($85,000)

A.       BANK EARNINGS

The 2004 Annual Performance Bonus calculated on bank earnings is based on the
performance of First Capital Bank/Chattahoochee National Bank (the "Bank")
meeting a targeted Return on Assets ("ROA"), as calculated and determined in
accordance with generally accepted accounting principals by the Bank's
independent certified public accountants, as set forth below:

                        Example with Target         Actual
                           Budget
                           ------

Projected EBT               $2,289,150               Actual last 6 months EBT

Bonus of .65%                                        Actual EBT x .65%

Bonus Annualized            $14,900

Bonus for 6 months          $7,500                   50% of total

                             Exhibit A - Page 1 of 2

<PAGE>

For the purposes of this Agreement: (i) ROA shall exclude any gains or losses on
investment securities as required by Statement of Financial Accounting Standards
No. 115; and (ii) ROA shall be determined after subtracting the sum of any
amount paid to or for the benefit of Employee hereunder and all other bonuses
and compensation paid to Bank's employees for such period.

B.       STRATEGIC INITIATIVES

The 2004 Annual Performance Bonus based on Strategic Initiatives is based on the
Employee recruiting C&I Team Leaders and Producers as set forth below:

Number of Team Leader Recruits          1          2          3           4
------------------------------------ ---------- ---------- ----------- ---------

Bonus ($20,000 per recruit)          $20,000    $40,000    $60,000     $80,000
Number of Producer Recruits                3          6          9          12
Bonus ($3,000 per recruit)            $9,000    $18,000    $27,000     $36,000

For the purposes of this Agreement, Team Leaders must be "A" quality lenders
with a demonstrated performance record in one of CNB's target markets and
approved by Nat Padget and Bill Blanton. Producers must be bankers of proven
reputation and production, as determined and approved by Nat Padget and Bill
Blanton. Further, to count as a successful recruitment, the recruit must commit
to employment with CNB during the 2004 calendar year and be on the payroll of
CNB no later than February 15, 2005.

2005 ANNUAL PERFORMANCE BONUS PLAN

For the 2005 calendar year and payable in January 2006, Employee's Annual
Performance Bonus will be determined on the basis of the degree of achievement
of performance goals which shall be established by the Compensation Committee of
CNB Holdings, Inc.'s Board of Directors in its sole discretion, and which goals
shall be stated in terms of the attainment of specified levels of ROE and
certain strategic initiatives. Such performance goals shall be in writing and
communicated to the Employee

STOCK OPTIONS - Awarded by the Compensation Committee of CNB Holdings, Inc.'s
Board of Directors annually at its sole discretion.

AUTO ALLOWANCE - The greater of actual miles driven paid at the IRS standard
rate or $550/mo.

CLUB MEMBERSHIP - Horseshoe Bend Country Club monthly dues.

                             Exhibit A - Page 2 of 2

<PAGE>

                                    EXHIBIT B

                    BUSINESS LOCATIONS OF CNB'S SUBSIDIARIES

First Capital Bank
3320 Holcomb Bridge Road

Suite A
Norcross, Georgia 30092

                             Exhibit B - Page 1 of 1EXHIBIT 10.8.1

                               CNB HOLDINGS, INC.
                        INCENTIVE STOCK OPTION AGREEMENT

         This Incentive Stock Option Agreement ("Agreement"), dated as of MONTH,
DATE, YEAR, (the "Date of Grant"), is made and entered into by CNB HOLDINGS,
INC., a Georgia corporation ("CNB"), and (the "Grantee"), who is an employee or
officer of CNB or one of its parents or subsidiaries (the Grantee's employer is
sometimes referred to herein as the "Employer").

         WHEREAS, the Board of Directors of CNB (the "Board") has adopted the
CNB Holdings, Inc. 1998 Incentive Stock Option Plan (the "Plan") and the
shareholders of CNB have approved the Plan.

         WHEREAS, the Plan provides for the granting of incentive stock options
by the Compensation Committee of the Board of Directors of CNB (the "Committee")
to employees of CNB or any parent or subsidiary of CNB to purchase shares of the
common stock of CNB, par value one dollar ($1.00) per share (the "Stock"), in
accordance with the terms and provisions thereof; and

         WHEREAS, the Committee considers the Grantee to be a person who is
eligible for a grant of incentive stock options under the Plan and has
determined that it would be in the best interest of CNB to grant the incentive
stock options documented herein.

         NOW, THEREFORE, the parties hereto, intending to be legally bound
hereby, agree as follows:

         1.       GRANT OF OPTION

         Subject to the terms and conditions hereinafter set forth, CNB, with
the approval and at the direction of the Committee, hereby grants to the
Grantee, as of the Date of Grant, an option to purchase up to shares of Stock at
a price of $ per share. Such option is hereinafter referred to as the "Option",
and the shares of Stock purchasable upon exercise of the Option are hereto to
be, and shall be treated as, an incentive stock option, as such term is defined
under section 422 of the Internal Revenue Code of 1986, as amended (the "Code").
Subject to such further limitations as are provided herein, the Option is
exercisable commencing on the Date of Grant.

         2.       TERMINATION OF OPTION

         The Option and all rights hereunder with respect thereto, to the extent
such rights shall not have been exercised, shall terminate and become null and
void upon the earlier of: (i) ten (10) years after the Date of Grant; or (ii)
the date on which the Grantee shall be convicted of any act of malfeasance or
wrongdoing directly or indirectly affecting CNB or any parent or subsidiary of
CNB.

<PAGE>

         3.       EXERCISE OF OPTION

         (a) 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 33 1/3%
of the shares covered by this Option and may purchase up to an additional 33
1/3% on each of the second and third anniversaries from the Date of Grant so
that this Option will be fully vested on the third anniversary of the Date of
Grant.

         (b) The Grantee may exercise the Option with respect to all or any part
of the number of Option Shares to the extent then exercisable hereunder, by
giving the Secretary of CNB written notice of intent to exercise. The notice of
exercise shall specify the number of Option Shares as to which the Option is to
be exercised and the date of exercise thereof.

         (c) Upon a termination of the Grantee's employment for any reason other
than as set forth in Section 2(ii) of this Agreement, the Option may be
exercised during the following periods, but only to the extent that the Option
was outstanding and exercisable on any such date of termination: (i) the
one-year period following the date of the Grantee's death, in the case of the
Grantee's death during his employment by the Employer, or the one-year period
following the termination of employment due to permanent disability (as
determined by the Plan) and (ii) the three-month period following the date of
such termination in the case of termination of his employment for any reason
other than the death or permanent disability of the Grantee or pursuant to
Section 2(ii) of this Agreement. A transfer of the Grantee's employment between
CNB and any subsidiary of CNB, or between any subsidiaries of CNB, shall not be
deemed to be a termination of the Grantee's employment.

         (d) Full payment (in U.S. dollars) by the Grantee of the option price
for the Option Shares purchased shall be made (i) in cash (ii) by delivery of
mature Shares having a Fair Market Value, determined as of the date of exercise,
equal to the aggregate option price payable by reason of such exercise, on or
before the exercise date specified in the notice of exercise.

         (e) On the exercise date specified in the Grantee's notice or as soon
thereafter as is practicable, CNB shall cause to be delivered to the Grantee a
certificate or certificates for the Option Shares then being purchased (out of
unissued Stock or reacquired Stock, as CNB may elect) upon full payment for such
Option Shares. The obligations of CNB to deliver the Stock shall, however, be
subject to the condition that if at any time the Committee shall determine in
its discretion that the listing, registration or qualification of the Option
Shares upon any securities exchange or under any state or federal law, or the
consent or approval of any governmental regulatory body, is necessary or
desirable as a condition of, or in connection with, the Option or the issuance
or purchase of the Stock thereunder, the Option may not be exercised in whole or
in part unless such listing, registration, qualification, consent or approval
shall have been effected or obtained free of any conditions not acceptable to
the Committee.

         (f) If the Grantee fails to pay for any of the Option Shares specified
in such notice or fails to accept delivery thereof, the Grantee's right to
purchase such Option Shares may be terminated by CNB. The date specified in the
Grantee's notice as the date of exercise shall be deemed the date of exercise of
the Option, provided that payment in full for the Option Shares to be purchased
upon such exercise shall have been received by such date.

                                       2
<PAGE>

         4.       LIMITATION ON EXERCISE AND FORFEITURE

         Notwithstanding any other provision in this Agreement, the Option must
be exercised within thirty (30) days after CNB has notified the Grantee that
CNB's primary federal regulator has determined that CNB's capital has fallen
below such regulator's minimum requirements or it shall terminate and be of no
further effect.

         5.       ADJUSTMENT OF AND CHANGES IN STOCK OF CNB

         (a) In the event of a reorganization, recapitalization, change of
shares, stock split, spin-off, stock dividend, reclassification, subdivision or
combination of shares, rights offering or any other change in the corporate
structure or shares of capital stock of CNB, the Committee shall make such
adjustment as appropriate in the number and kind of shares of Stock subject to
the Option or in the option price; provided, however, that no such adjustment
shall give the Grantee any additional benefits under the Option.

         (b) In the event that CNB shall be a party to any reorganization
involving a merger, consolidation or acquisition of the Stock or the assets of
CNB, the Committee, in its sole discretion, may:

                  (i) declare that the Option granted hereunder shall become
         exercisable immediately notwithstanding the provisions of the Agreement
         regarding exercisability and that the Option shall terminate thirty
         (30) days after the Committee gives written notice to Grantee of his
         immediate right to exercise the Option and of the Committee's decision
         to terminate the Option if not exercised within such thirty-day period;
         or

                  (ii) notify the Grantee that the Option granted hereunder
         shall apply with appropriate adjustments as determined by the Committee
         to the securities of the resulting corporation to which holders of the
         number of shares of Stock subject to the Option would have been
         entitled.

         (c) The adoption of a plan of dissolution or liquidation by the Board
of Directors and the shareholders of CNB shall cause the Option to terminate to
the extent not exercised prior to the adoption of the plan of dissolution or
liquidation by the shareholders of CNB; provided, however, that the Committee,
in its discretion, may declare that the Option shall become exercisable
immediately notwithstanding the provisions of this Agreement regarding
exercisability; and provided further that in the event of the adoption of a plan
of dissolution or liquidation in connection with a reorganization as described
in the first sentence of subparagraph (b), the Option shall be governed by and
be subject to the provisions of such sentence.

         (d) If any rights or warrants to subscribe for additional shares are
given pro rata to holders of outstanding shares of the Stock, the Grantee shall
be entitled to the same rights or warrants on the same basis as holders of the
outstanding shares with respect to such portion of the Grantee's Option that may
be exercised on or prior to the date of the expiration of such rights or
warrants.

                                       3
<PAGE>

         6.       FAIR MARKET VALUE

         For purposes of the Plan, the "fair market value" of the shares of
Stock shall be the mean between the high "bid" and the low "asked" prices of the
Stock in the over-the-counter market on the day on which such value is to be
determined or, if no shares were traded on such day, on the first day
immediately preceding such day on which shares were traded. If the Stock is not
regularly traded in the over-the-counter market but is registered on a national
securities exchange, the "fair market value" of the shares of Stock shall mean
the closing price of the Stock on such national securities exchange on the day
on which such value is to be determined or, if no shares were traded on such
day, on the first day immediately preceding such day on which shares were
traded. If the Stock is not regularly traded in the over-the-counter market or
registered on a national securities exchange the Committee shall determine the
fair market value of the Stock in good faith in accordance with Code section
422(c)(1) and accompanying Treasury Regulations.

         7.       NO RIGHTS OF SHAREHOLDERS

         Neither the Grantee nor any personal representative shall be, or shall
have any of the rights and privileges of, a shareholder of CNB with respect to
any shares of Stock purchasable or issuable upon the exercise of the Option, in
whole or in part, prior to becoming the holder of record of such shares.

         8.       NON-TRANSFERABILITY OF OPTION

         During the Grantee's lifetime, the Option hereunder shall be
exercisable only by the Grantee or a legal representative of the Grantee, and
the Option shall not be transferable except, in case of the death of the
Grantee, by will or the laws of descent and distribution, nor shall the Option
be subject to attachment, execution or other similar process. In the event of
(a) any attempt by the Grantee to alienate, assign, pledge, hypothecate or
otherwise dispose of the Option, except as provided for herein, or (b) the levy
of any attachment, execution or similar process by any third party upon the
rights or interest hereby conferred, CNB may terminate the Option by notice to
the Grantee, and it shall thereupon become null and void.

         9.       EMPLOYMENT NOT AFFECTED

         Neither the granting of the Option nor its exercise shall be construed
as granting to the Grantee any right with respect to continuance of employment
by the Employer. Except as may otherwise be limited by a written agreement
between the Employer and the Grantee, the right of the Employer to terminate at
will the Grantee's employment with it at any time (whether by dismissal,
discharge, retirement or otherwise) is specifically reserved by CNB, as the
Employer or on behalf of the Employer (whichever the case may be), and
acknowledged by the Grantee.

         10.      AMENDMENT OF OPTION

         This Agreement and the terms of the Option may be amended by the Board
or the Committee at any time (i) if the Board or the Committee determines, in
its sole discretion, that amendment is necessary or advisable due to any
addition to or change in the Code or in the regulations issued thereunder, or
any federal or state securities law or other law or regulation,

                                       4
<PAGE>

which change occurs after the Date of Grant and by its terms applies to the
Option; or (ii) other than in the circumstances described in clause (i), with
the consent of CNB and the Grantee.

         11.      SECURITIES LAWS

         This Option may not be exercised if the issuance of shares of Stock of
CNB upon such exercise would constitute a violation of any applicable Federal or
State securities or other law or valid regulation. The Grantee, as a condition
to his exercise of this Option, shall represent to CNB that the shares of Stock
of CNB that he acquires under this Option are being acquired by him for
investment and not with a present view to distribution or resale, unless counsel
for CNB is then of the opinion that such a representation is not required under
the Securities Act of 1933, as amended (the "Securities Act"), or any other
applicable law, regulation or rule of any governmental agency.

         The Grantee represents and warrants that he will be acquiring the
Option Shares for investment purposes and not with a view to distribution. The
Grantee further represents and warrants that he is aware that the Option Shares
have not been registered under the Securities Act or under the provisions of
Georgia law and that the Option Shares may not be sold, transferred or otherwise
assigned without registration or an exemption therefrom. Grantee acknowledges
being informed by CNB that the Option Shares are restricted securities and that
each certificate for shares of Stock issued upon exercise of the Option shall be
stamped or otherwise imprinted with a restrictive legend in form and context
deemed necessary by CNB. The undersigned further acknowledges that he is a
shareholder of CNB and is aware of the business and operations of CNB.

         12.      NOTICE

         Any notices or other communications to any party pursuant to or
relating to this Agreement and the transactions provided for herein shall be
deemed to be given, delivered or received when delivered personally or three
days after being deposited in the United States Mail, registered or certified,
and with proper postage and registration and certification fees prepaid,
addressed to the parties for whom intended at the addresses indicated for each
party as set forth below:

         CNB:                          CNB Holdings, Inc.
                                       7855 North Point Parkway, Suite 200
                                       Alpharetta, Georgia 30022
                                       Attention:  H.N. Padget, Jr., President
                                          and Chief
                                       Executive Officer

         with a copy to:               Thomas O. Powell, Esquire
                                       Troutman Sanders LLP
                                       600 Peachtree Street, N.E., Suite 5200
                                       Atlanta, Georgia 30308

         Grantee:                      At the latest address listed for the
                                        Grantee in the Company's records.

                                       5
<PAGE>

         13.      INCORPORATION OF PLAN BY REFERENCE

         The Option is granted pursuant to the terms of the Plan, the terms of
which are incorporated herein by reference, and the Option shall in all respects
be interpreted in accordance with the Plan. The Committee shall interpret and
construe the Plan and this instrument, and its interpretations and
determinations shall be conclusive and binding on the parties hereto and any
other person claiming an interest hereunder, with respect to any issue arising
hereunder or thereunder.

         14.      GOVERNING LAW

         The validity, construction, interpretation and effect of this Agreement
 shall exclusively be governed by and determined in accordance with the law of
 the State of Georgia.

         15.      COUNTERPARTS

         The Agreement may be executed with counterpart signature pages, all of
which together shall constitute one and the same Agreement.

         16.      SUCCESSORS AND ASSIGNS

         This Agreement shall insure to the benefit of and be enforceable by and
binding upon the permitted successors and assigns of each party, including the
personal or legal representatives, executors, administrators, heirs and legatees
of the Grantee.

         IN WITNESS WHEREOF, CNB has caused its duly authorized officers to
execute and attest this Agreement, and to apply the corporate seal hereto, and
the Grantee has placed his or her signature hereon, effective as of the date
written above.

ATTEST:                                     CNB HOLDINGS, INC.

By: _______________________________         By: _____________________________
Its: _____________________________              Its: _______________________

         [CORPORATE SEAL]

                                             GRANTEE

-----------------------------------          --------------------------------
Witness

                                       6

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