Document:

EXHIBIT 10.3

                                                                  EXECUTION COPY

                             STOCKHOLDERS AGREEMENT

     STOCKHOLDERS AGREEMENT (this "Agreement"), dated as of March 13, 2000, by
and among SIEMENS CORPORATION, a Delaware corporation ("Siemens"), EMILIA
ACQUISITION CORP., a Delaware corporation ("Acquisition") and a wholly owned
subsidiary of Siemens, and the Persons listed on the signature pages hereto
(each in such Person's individual capacity, a "Stockholder", and collectively,
the "Stockholders").

                                    RECITALS

     A. Each of the Stockholders is, as of the date hereof, the record and
beneficial owner of the number of shares of capital stock, of Entex Information
Services, Inc., a Delaware corporation (the "Company"), set forth on Annex I
hereto.

     B. Siemens, Acquisition and the Company concurrently herewith are entering
into an Agreement and Plan of Merger, dated as of the date hereof (the "Merger
Agreement"; capitalized terms used but not defined in this Agreement have the
same meanings ascribed to those terms in the Merger Agreement), which provides,
among other things, for the merger (the "Merger") of Acquisition with and into
the Company upon the terms and subject to the conditions set forth in the Merger
Agreement.

     C. As a condition to the willingness of Siemens and Acquisition to enter
into the Merger Agreement, and in order to induce Siemens and Acquisition to
enter into the Merger Agreement, the Stockholders have agreed to enter into this
Agreement.

     NOW, THEREFORE, in consideration of the execution and delivery by Siemens
and Acquisition of the Merger Agreement and the foregoing and the mutual
representations, warranties, covenants and agreements set forth herein and
therein, and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, the parties hereto agree as follows:

     1. Representations and Warranties of the Stockholders. Each of the
Stockholders hereby represents and warrants to Siemens and Acquisition,
severally and not jointly, as follows:

     (a) Such Stockholder is the record and beneficial owner of the shares of
capital stock of the Company (as may be adjusted from time to time pursuant to
Section 7 hereof, the "Shares") set forth opposite the Stockholder's name on
Annex I to this Agreement.

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     (b) Such Stockholder has the legal capacity to execute and deliver this
Agreement and to consummate the transactions contemplated hereby.

     (c) This Agreement has been duly authorized by all requisite action
(corporate, partnership or other) on the part of such Stockholder, has been
validly executed and delivered by such Stockholder and constitutes the legal,
valid and binding obligation of such Stockholder, enforceable against such
Stockholder in accordance with its terms, except as limited by bankruptcy,
insolvency, reorganization, moratorium or other laws affecting enforcement of
creditors' rights generally and by general equitable principles (regardless of
whether such enforceability is considered in a proceeding in equity or at law).

     (d) The execution and delivery of this Agreement by such Stockholder do
not, and the performance by such Stockholder of the Stockholder's obligations
under this Agreement will not, (i) conflict with, result in a violation or
breach of, constitute (with or without notice or lapse of time or both) a
default under, result in or give to any person any right of termination,
cancellation, modification or acceleration of, or result in the creation or
imposition of any Lien upon any of the assets or properties of such Stockholder
under, any of the terms, conditions or provisions of (A) the certificate or
article of incorporation or bylaws or other comparable organizational documents
of the Stockholder if applicable or (B) (x) any law or order of any governmental
or regulatory authority applicable to such Stockholder or any of the
Stockholder's assets or properties, or (y) any contract to which the Stockholder
is a party or by which the Stockholder or any of the Stockholder's assets or
properties is bound, excluding from the foregoing clauses (x) and (y) conflicts,
violations, breaches, defaults, terminations, modifications, accelerations and
creations and impositions of Liens which, individually or in the aggregate,
could not reasonably be expected to have a material adverse effect on the
ability of the Stockholder to consummate the transactions contemplated by this
Agreement, or (ii) require any filing by the Stockholder with, or any permit,
authorization, consent or approval of, any governmental or regulatory authority
or any third party.

     (e) The Shares and the certificates representing the Shares owned by such
Stockholder are now and at all times during the term hereof will be held by such
Stockholder, or by a nominee or custodian for the benefit of such Stockholder,
free and clear of all liens, claims, security interests, proxies, voting trusts
or agreements, understandings or arrangements or any other encumbrances
whatsoever, except for any such encumbrances or proxies arising hereunder, and
not subject to any preemptive rights.

     2. Representations and Warranties of Siemens and Acquisition. Each of
Siemens and Acquisition hereby represents and warrants to the Stockholders as
follows:

     (a) Each of Siemens and Acquisition is a corporation duly organized,
validly existing and in good standing under the laws of the State of Delaware,
and each of them has full corporate power and authority to enter into this
Agreement and to consummate the transac-

                                      -2-
<PAGE>

tions contemplated hereby and has taken all necessary corporate action to
authorize the execution, delivery and performance of this Agreement.

     (b) This Agreement has been duly authorized, executed and delivered by each
of Siemens and Acquisition and constitutes the legal, valid and binding
obligation of each of Siemens and Acquisition, enforceable against each of them
in accordance with its terms, except as limited by bankruptcy, insolvency,
reorganization, moratorium or other similar laws affecting enforcement of
creditors' rights generally and by general equitable principles (regardless of
whether such enforceability is considered in a proceeding in equity or at law).

     (c) The execution and delivery of this Agreement by Siemens and Acquisition
do not, and the performance by Siemens and Acquisition of their obligations
hereunder and the consummation of the transactions contemplated hereby will not,
(i) conflict with, result in a violation or breach of, constitute (with or
without notice or lapse of time or both) a default under, result in or give to
any person any right of termination, cancellation, modification or acceleration
of, or result in the creation or imposition of any Lien upon any of the assets
or properties of Siemens or Acquisition under, any of the terms, conditions or
provisions of (A) the certificates or articles of incorporation or bylaws of
Siemens or Acquisition or (B) (x) any law or order of any governmental or
regulatory authority applicable to Siemens or Acquisition or any of their
respective assets or properties, or (y) any contract to which Siemens or
Acquisition is a party or by which Siemens or Acquisition or any of their
respective assets or properties is bound, excluding from the foregoing clauses
(x) and (y) conflicts, violations, breaches, defaults, terminations,
modifications, accelerations and creations and impositions of Liens which,
individually or in the aggregate, could not be reasonably expected to have a
material adverse effect on the ability of Siemens or Acquisition to consummate
the transactions contemplated by this Agreement, or (ii) require any filing by
Siemens or Acquisition with, or any permit, authorization, consent or approval
of, any governmental or regulatory authority.

     3. Grant of Options.

     (a) Each Stockholder hereby irrevocably grants to Acquisition an exclusive
option (the "Call Option") to purchase all Shares of such Stockholder at the
Merger Price per Share specified in Section 2.1(c) of the Merger Agreement (the
"Option Price"), which Option shall be exercisable by Acquisition at any time
after the date hereof and prior to the termination of this Agreement.

     (b) If (i) the Information Statement has been filed with the SEC in
preliminary form in accordance with Section 5.4 of the Merger Agreement; (ii) a
period of twelve days has elapsed following such filing; (iii) the Company has
been advised by the staff of the SEC that it is in the process of reviewing the
Information Statement and notwithstanding the Company's reasonable efforts that
review has not been completed; and (iv) all of the conditions described in
Section 6.1 of the Merger Agreement (other than Section 6.1(e)) have been
satisfied, then

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<PAGE>

the Stockholders shall have the option (the "Put Option", and together with the
Call Option, the "Options") to require Acquisition to purchase from the
Stockholders all, but not less than all, of the Shares of each Stockholder at
the Option Price. The Put Option may be exercised by the Stockholders at any
time beginning on the date on which the conditions specified in clauses (i)
through (iv) of the preceding sentence are satisfied until this Agreement is
terminated.

     (c) To exercise an Option, the exercising party shall send a written notice
("Exercise Notice") to each other party specifying the place and the time (which
shall be not less than two business days and not more than four business days
after the date of the Exercise Notice) for the closing of the purchase and sale
of the Shares in accordance with the exercise of the Option. The closing of the
purchase and sale of the Shares (the "Option Closing") pursuant to the exercise
of the Option shall take place at the place and at the time designated by the
exercising party in the Exercise Notice. The obligation of Siemens or its
designee to purchase the Shares at the Option Closing shall be subject to the
conditions that (i) all of the conditions described in Section 6.1 of the Merger
Agreement (other than Section 6.1(e)) shall have been satisfied and (ii) proper
arrangements shall have been made to give effect to the provisions of Section
1.6 of the Merger Agreement, and the securities law requirements described in
Section 1.6(b) shall have been satisfied.

     (d) At the Option Closing, each Stockholder shall sell, assign, convey and
transfer to Acquisition, each such Stockholder's Shares, free and clear of any
and all liens, claims, security interests, encumbrances, options or adverse
claims whatsoever, and each Stockholder shall deliver or cause to be delivered
to Acquisition a certificate or certificates representing the number of Shares
to be delivered by such Stockholder at the Option Closing, duly endorsed, or
accompanied by stock powers duly executed in blank, with all required transfer
tax stamps affixed thereto. Siemens shall procure that the applicable portions
of the Option Price are paid not later than the dates the corresponding portions
of the Merger Price per Share first are payable under the Merger Agreement.
Payment of each amount will be by wire transfer or certified or bank cashier's
check or checks.

     (e) In the event of any change in the Company's capital stock by reason of
any stock dividend, stock split, merger, consolidation, recapitalization,
combination, conversion, exchange of shares or dividend or other change in the
corporate or capital structure of the Company, which would have the effect of
diluting or changing Acquisition's rights hereunder, the number and kind of
shares or securities subject to the Options and the Option Price shall be
appropriately and equitably adjusted so that (i) Acquisition shall receive, at
the Option Closing, the number and class of shares or other securities or
property that Acquisition would have received and (ii) the Stockholders shall
receive, at the Option Closing, the consideration they would have received in
respect of the Shares purchasable upon exercise of the Options if the Options
had been exercised immediately prior to such event.

                                      -4-
<PAGE>

     4. Voting. Each of the Stockholders hereby agrees that such Stockholder:
(i) will vote all Shares owned by the Stockholder in favor of the Merger and the
Merger Agreement, at any meeting of the Company's stockholders, or, if requested
by Siemens or Acquisition, execute and deliver written consents to the same
effect; (ii) will provide all notices and perform all actions necessary for the
consummation of the transactions contemplated by the Merger Agreement; and (iii)
will vote against, and will not vote or grant any consent in favor of, or that
would facilitate, any Acquisition Transaction other than the Merger and the
other transactions contemplated by the Merger Agreement.

     5. Transfer of the Shares. Prior to the termination of this Agreement,
except as otherwise provided in this Agreement, none of the Stockholders shall:
(i) transfer (which term shall include, without limitation, for the purposes of
this Agreement, any sale, gift, pledge or other disposition), or consent to any
transfer of, any or all of the Shares; (ii) enter into any contract, option or
other agreement or understanding with respect to any transfer of any or all of
the Shares or any interest therein; (iii) grant any proxy, power-of-attorney or
other authorization or consent in or with respect to the Shares; (iv) deposit
the Shares into a voting trust or enter into a voting agreement or arrangement
with respect to the Shares; or (v) take any other action that would in any way
restrict, limit or interfere with the performance of such Stockholder's
obligations hereunder or the transactions contemplated hereby. Acquisition
hereby agrees not to transfer any Shares purchased upon exercise of an Option
until this Agreement has terminated.

     6. Grant of Irrevocable Proxy; Appointment of Proxy.

     (a) Each of the Stockholders hereby irrevocably grants to, and appoints,
Siemens and any nominee thereof, its proxy and attorney-in-fact (with full power
of substitution), for and in the name, place, and stead of such Stockholder, to
vote such Stockholder's Shares, or grant a consent, waiver or approval in
respect of such Stockholder's Shares, in connection with any meeting of the
Stockholders of the Company or otherwise, (i) in favor of the Merger and the
other transactions and actions contemplated by the Merger Agreement, and (ii)
against any action or agreement which would impede, interfere with or prevent
the Merger, including any Acquisition Transaction other than the Merger.

     (b) Each of the Stockholders represents that any proxies heretofore given
in respect of the Shares are not irrevocable, and that such proxies are hereby
revoked.

     (c) Each of the Stockholders hereby affirms that the proxy set forth in
this Section 6 is irrevocable and is given in connection with the execution of
the Merger Agreement, and that such irrevocable proxy is given to secure the
performances of the duties of such Stockholder under this Agreement. Each
Stockholder hereby further affirms that the irrevocable proxy granted hereby is
coupled with an interest in the Shares and, except as set forth in Sec-

                                      -5-
<PAGE>

tion 11 of this Agreement, is intended to be irrevocable in accordance with the
provisions of Section 212(e) of the Delaware General Corporation Law.

     7. Certain Events. In the event of any stock split, stock dividend, merger,
reorganization, recapitalization or other change in the capital structure of the
Company affecting the Shares or the acquisition of additional shares of capital
stock or other securities or rights of the Company by any Stockholder, the
number of Shares shall be adjusted appropriately, and this Agreement and the
rights and obligations hereunder shall attach to any additional shares of
Company Common Stock or other securities or rights of the Company issued to or
acquired by any such Stockholder.

     (a) Drag-Along Notices. To the extent applicable to such Stockholder, each
Stockholder hereby agrees that such Stockholder (i) shall deliver all notices
required to be delivered by that certain Stockholders Agreement, dated December
10, 1993, between Dort A. Cameron, III, Entex Associates, L.P. and other
signatories thereto, in order to exercise the drag-along rights granted under
that agreement to require the stockholders of the Company party thereto to sell
their shares to Acquisition at the Option Price per share and (ii) thereafter
shall use its reasonable best efforts to enforce (and shall not grant or enter
into any waiver or modification with respect to) such drag-along rights;
provided, however, that no Stockholder shall be required to incur any material
expense or liability or commence any legal proceeding.

     8. Certain Other Agreements. From the date of this Agreement until the
earlier of (i) the termination of this Agreement, or (ii) the Measurement Date,
none of the Stockholders shall, and none of the Stockholders shall authorize or
permit any advisor or representative retained by or acting for or on behalf of
any such Stockholder to, directly or indirectly, (i) take any action to
knowingly solicit, initiate, continue, facilitate or encourage (including by way
of furnishing or disclosing non-public information) any offer or proposal for an
Acquisition Transaction, other than the transactions contemplated by the Merger
Agreement or by this Agreement or (ii) knowingly engage in negotiations,
discussions or communications regarding or disclose any information relating to
the Company or afford access to the properties, books or records of the Company
to any person, corporation, partnership or other entity or group that may be
considering making or has made, a proposal for an Acquisition Transaction.

     9. Further Assurances. Each of the Stockholders shall, upon request of
Siemens or Acquisition, execute and deliver any additional documents and take
such further actions as may reasonably be deemed by Siemens or Acquisition to be
necessary or desirable to carry out the provisions hereof and to vest in Siemens
the power to vote, grant consents and grant waivers with respect to the Shares
as contemplated by Section 6 of this Agreement.

     10. Termination. Except as otherwise provided in this Agreement, this
Agreement, and all rights and obligations of the parties hereunder, shall
terminate immediately upon the earlier of (i) the acquisition by Siemens,
through Acquisition or otherwise, of all the Shares;

                                      -6-
<PAGE>

(ii) if the Options have not been exercised, the termination of the Merger
Agreement in accordance with its terms; or (iii) the Effective Time; provided,
however, that Section 9 shall survive any termination of this Agreement pursuant
to clause (i) of this sentence.

     11. Public Announcements. Each of the Stockholders, Siemens and Acquisition
agrees that it will not issue any press release or otherwise make any public
statement with respect to this Agreement or the transactions contemplated hereby
without the prior consent of the other parties, which consents shall not be
unreasonably withheld or delayed; provided, however, that such disclosure can be
made without obtaining such prior consent if (i) the disclosure is required by
law, and (ii) the party making such disclosure has first used its best efforts
to consult with the other party about the form and substance of such disclosure.

     12. Miscellaneous.

     (a) All notices, requests and other communications hereunder must be in
writing and will be deemed to have been duly given only if delivered personally
or by facsimile transmission or mailed (first class postage prepaid) to the
parties at the following addresses or facsimile numbers:

     (1) if to any or all of the Stockholders, to them in care of:

                  Dort A. Cameron, III
                  The Airlie Group
                  115 East Putnam Avenue
                  Greenwich, Connecticut 06830
                  Facsimile: (203) 661-0479

         with a copy to:

                  Cahill Gordon & Reindel
                  80 Pine Street
                  New York, New York 10005
                  Facsimile (212) 269-5420
                  Attention:  Gerald S. Tanenbaum

         and

     (2) if to Siemens or Acquisition, to:

                  Siemens Corporation
                  153 East 53rd Street
                  New York, New York 10022

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<PAGE>

                  Facsimile:  (212) 258-4945
                  Attention:  General Counsel

         with a copy to:

                  Clifford Chance Rogers & Wells LLP
                  200 Park Avenue
                  New York, New York 10166
                  Facsimile:  (212) 878-8375
                  Attention:  John A. Healy

         (3)      if to the Company, to:

                  Entex Information Services, Inc.
                  Six International Drive
                  Rye Brook, New York 10573
                  Facsimile: (914) 935-3880
                  Attention:  Lynne A. Burgess

         with a copy to:

                  Cahill Gordon & Reindel
                  80 Pine Street
                  New York, New York 10005
                  Facsimile (212) 269-5420
                  Attention:  Gerald S. Tanenbaum

All such notices, requests and other communications will (i) if delivered
personally to the address as provided in this Section, be deemed given upon
delivery, (ii) if delivered by facsimile transmission to the facsimile number as
provided in this Section, be deemed given upon receipt, and (iii) if delivered
by mail in the manner described above to the address as provided in this
Section, be deemed given upon receipt (in each case regardless of whether such
notice, request or other communication is received by any other person to whom a
copy of such notice is to be delivered pursuant to this Section). Any party from
time to time may change its address, facsimile number or other information for
the purpose of notices to that party by giving notice specifying such change to
the other parties hereto.

     (b) The headings contained in this Agreement are for reference purposes
only and shall not affect in any way the meaning or interpretation of this
Agreement.

     (c) This Agreement may be executed in two or more counterparts, each of
which shall be deemed an original but all of which shall be considered one and
the same agreement.

                                      -8-
<PAGE>

     (d) This Agreement constitutes the entire agreement, and supersedes all
prior agreements and understandings, whether written and oral, among the parties
hereto with respect to the subject matter hereof.

     (e) This Agreement shall be governed by, and construed in accordance with,
the laws of the State of Delaware without giving effect to the principles of
conflicts of laws thereof.

     (f) Neither this Agreement nor any of the rights, interests or obligations
hereunder shall be assigned by any of the parties hereto (whether by operation
of law or otherwise) without the prior written consent of the other parties, and
any such purported assignment shall be null and void; provided, however, that
either of Siemens or Acquisition may, without the prior written consent of any
Stockholder, assign its rights and obligations to any of its direct or indirect
wholly owned subsidiaries. Subject to the preceding sentence, this Agreement
will be binding upon, inure to the benefit of and be enforceable by, the parties
and their respective successors and assigns, and the provisions of this
Agreement are not intended to confer upon any person other than the parties
hereto any rights or remedies hereunder.

     (g) If any term, provision, covenant or restriction herein is held by a
court of competent jurisdiction or other authority to be invalid, void or
unenforceable or against its regulatory policy, the remainder of the terms,
provisions, covenants and restrictions of this Agreement shall remain in full
force and effect and shall in no way be affected, impaired or invalidated.

     (h) Each of the parties hereto acknowledges and agrees that in the event of
any breach of this Agreement, each non-breaching party would be irreparably and
immediately harmed and could not be made whole by monetary damages. It is
accordingly agreed that the parties hereto (i) will waive, in any action for
specific performance, the defense of adequacy of a remedy at law and (ii) shall
be entitled, in addition to any other remedy to which they may be entitled at
law or in equity, to compel specific performance of this Agreement.

     (i) No amendment, modification or waiver in respect to this Agreement shall
be effective unless it shall be in writing and signed by each party hereto.

     (j) No person who is or becomes (during the term hereof) a director or
officer of the Company makes any agreement or understanding herein in his or her
capacity as such director or officer, and nothing herein shall limit or affect
any action taken by any Stockholder in his or her capacity as an officer or
director of the Company in connection with the Company's rights under the Merger
Agreement.

                  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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<PAGE>

     IN WITNESS WHEREOF, each of Siemens, Acquisition and the Stockholders have
caused this Agreement to be duly executed and delivered as of the date first
written above.

                              SIEMENS CORPORATION

                              By: /s/ Gerald Wright
                                  ------------------------------------------
                                  Name: Gerald Wright
                                  Title:  Executive Vice President and
                                          Chief Financial Officer

                              By: /s/ Michael Schiefen
                                  ------------------------------------------
                                  Name: Michael Schiefen
                                  Title:  Vice President, Corporate Development

                              EMILIA ACQUISITION CORP.

                              By: /s/ Michael Schiefen
                                  ------------------------------------------
                                  Name: Michael Schiefen
                                  Title: Vice President

                              /s/ Dort A. Cameron III
                              -----------------------
                              DORT A. CAMERON III

                              ENTEX ASSOCIATES L.P.

                              By its General Partner, the Putnam Group, Inc.

                              By: /s/ Dort A. Cameron III
                                  -----------------------
                                  Name: Dort A. Cameron III
                                  Title:

                              /s/ John A. McKenna, Jr.
                              ------------------------
                              JOHN A. MCKENNA, JR.

                                      -10-
<PAGE>

                                     ANNEX I

                               Ownership of Shares

         Holder                                    Number of Shares
-------------------------------------------------------------------------------
         Dort A. Cameron, III                                 2,669,653

         Entex Associates L.P.                               21,407,739

         John A. McKenna, Jr.                                   642,204EXHIBIT 10.11

                               CENTURA BANKS, INC.
                   SUPPLEMENTAL EXECUTIVE RETIREMENT AGREEMENT
                                    UNDER THE
               CENTURA BANKS, INC. OMNIBUS SUPPLEMENTAL EXECUTIVE
                                 RETIREMENT PLAN

         THIS AGREEMENT, made effective this 18th day of February, 2000, by and
among Centura Banks, Inc., a North Carolina corporation having its principal
place of business in Rocky Mount, North Carolina ("Centura"), Centura Bank (the
"Bank"), a subsidiary of Centura, and Michael S. Patterson ("Participant"), an
employee of the Bank.

                              W I T N E S S E T H:

         WHEREAS, Participant has been a valued employee of Triangle Bank and
has performed his duties in a capable and efficient manner, resulting in
substantial growth and progress to Triangle Bank; and

         WHEREAS, Triangle Bank has been acquired by the Bank and the
Participant is expected to perform valuable services in the future which shall
be of special importance to the Bank and for which it would be difficult for the
Bank to find a suitable replacement; and

         WHEREAS, Centura has established the Centura Banks, Inc. Omnibus
Supplemental Executive Retirement Plan (the "Omnibus SERP"), the terms of which
Omnibus SERP are incorporated herein by reference; and

         WHEREAS, Centura now deems it advisable to offer to Participant certain
rights and benefits under the Omnibus SERP and this Agreement;

         NOW, THEREFORE, in consideration of the premises and of the mutual
covenants contained herein, the parties hereto hereby agree as follows:

         1.       RETIREMENT BENEFITS. Participant may elect Early Retirement at
                  any time during the ninety (90) day period beginning on his
                  58th birthday (the "Election Period"). Participant shall not
                  be entitled to Retirement benefits hereunder unless he elects
                  Early Retirement and actually retires during the Election
                  Period.

                  Subject to the provisions of this Agreement and the Omnibus
                  SERP, upon Participant's Early Retirement during the Election
                  Period, Participant shall receive a monthly Retirement benefit
                  equal to (a) minus (b) minus (c) minus (d) below:

                  (a)      An amount equal to seventy percent (70%) of
                           Participant's Final Average Monthly Compensation.
                           "Final Average Monthly Compensation" means 1/12th of
                           the Annual Compensation payable to Participant as of
                           his termination of employment. "Annual Compensation"
                           means Participant's
<PAGE>
                           total compensation to be reported on his Form W-2,
                           annualized on the basis of rate of pay as of
                           Participant's termination of employment, including
                           bonuses and salary reduction contributions to
                           deferred compensation or other plans maintained by
                           Centura; less

                  (b)      An amount equal to Participant's monthly pension
                           benefit under the Qualified Plan. For this purpose,
                           Participant's monthly pension benefit under the
                           Qualified Plan shall be calculated in accordance with
                           the terms of the Qualified Plan as in effect on
                           Participant's Retirement Date, in the form of a life
                           annuity, payable monthly commencing at the same time
                           as the Retirement Benefits hereunder; less

                  (c)      An amount equal to Participant's monthly supplemental
                           pension benefit under Article VII of the Omnibus SERP
                           and Section 4 of this Agreement. For this purpose,
                           Participant's monthly supplemental pension benefit
                           shall be calculated in the same manner as his monthly
                           pension benefit under the Qualified Plan; less

                           (d) Commencing on Participant's 62nd birthday, an
                           amount equal to Participant's primary Social Security
                           benefit payable monthly under the Old Age Survivors
                           and Disability Insurance (Social Security Act). For
                           this purpose, it shall be assumed that Participant's
                           Social Security benefit payments commence at age 62,
                           notwithstanding any election by Participant to delay
                           such payments. Notwithstanding the foregoing, if
                           Participant dies after retirement benefits commence
                           hereunder but prior to attaining age 62, the
                           reduction required under this subsection (d), if any,
                           shall be applied beginning with the first payment
                           subsequent to the date Social Security benefits are
                           first payable to the surviving spouse or other
                           beneficiary notwithstanding any elections by the
                           surviving spouse or other beneficiary to delay such
                           payments and shall be in the amount equal to
                           Participant's primary Social Security benefit payable
                           monthly to the surviving spouse or other beneficiary
                           under the Social Security Act. Once a reduction for
                           Social Security is first determined under this
                           subsection (d), the amount of the reduction shall
                           remain fixed for all subsequent retirement payments
                           under this Section 1.

                  Participant's Retirement benefit shall commence as of the
                  first day of the month coinciding with or next following his
                  Retirement Date, and shall continue for two hundred and forty
                  (240) months.

         2.       DEATH BENEFITS. If a Participant dies at any time before
                  electing Early Retirement under Section 1 and while actively
                  employed as a full-time officer of the Bank, Participant's
                  beneficiary shall receive a monthly death benefit equal to (a)
                  minus (b) minus (c) minus (d) below:

                  (a)      An amount equal to seventy percent (70%) of
                           Participant's Final Average Monthly Compensation.
                           "Final Average Monthly

                                       2
<PAGE>
                           Compensation" means 1/12th of the Annual Compensation
                           payable to Participant as of the date of his death.
                           "Annual Compensation" means Participant's total
                           compensation to be reported on his Form W-2,
                           annualized on the basis of rate of pay as of the date
                           of Participant's death, including bonuses and salary
                           reduction contributions to deferred compensation or
                           other plans maintained by Centura; less

                  (b)      An amount equal to the surviving spouse's monthly
                           pension benefit, if any, under the Qualified Plan.
                           For this purpose, the surviving spouse's monthly
                           pension benefit under the Qualified Plan shall be
                           calculated in accordance with the terms of the
                           Qualified Plan as in effect on Participant's date of
                           death, in the form of a life annuity, payable monthly
                           commencing at the same time as the death benefits
                           hereunder; less

                  (c)      An amount equal to the surviving spouse's monthly
                           supplemental pension benefit, if any, under Article
                           VII of the Omnibus SERP and Section 4 of this
                           Agreement. For this purpose, the surviving spouse's
                           monthly supplemental pension benefit shall be
                           calculated in the same manner as his monthly pension
                           benefit under the Qualified Plan; less

                  (d)      An amount equal to Participant's primary Social
                           Security benefit payable to the surviving spouse or
                           other beneficiary under the Old Age Survivors and
                           Disability Insurance (Social Security Act). For this
                           purpose, it shall be assumed that the spouse or other
                           beneficiary's Social Security benefit payments
                           commence at the later of (1) the time death benefits
                           commence hereunder, and (2) the date Social Security
                           benefits are first payable to the surviving spouse or
                           other beneficiary, notwithstanding any election by
                           the surviving spouse or other beneficiary to delay
                           such payments. Once a reduction for Social Security
                           is first determined under this subsection (d), the
                           amount of the reduction shall remain fixed for all
                           subsequent death benefit payments under this Section
                           2.

                  Participant's death benefit shall commence as of the first day
                  of the month coinciding with or next following his date of
                  death, and shall continue for two hundred and forty (240)
                  months.

                  Participant's beneficiary will not be entitled to any death
                  benefits under this Agreement if Participant dies by
                  committing suicide within two years from the date of this
                  Agreement. If Participant's beneficiary predeceases
                  Participant and Participant does not thereafter designate a
                  new beneficiary, the death benefits payable pursuant to this
                  Section 2 shall be paid to Participant's estate.

                                       3
<PAGE>
         3.       DISABILITY BENEFITS. If, prior to Participant's electing Early
                  Retirement under Section 1 and after Participant has completed
                  at least ten (10) years of continuous employment with the Bank
                  (including employment with Triangle Bank prior to February 18,
                  2000), Participant's employment with the Bank is terminated as
                  a result of Disability, Participant shall receive a monthly
                  Disability benefit hereunder, payable for a period of two
                  hundred and forty (240) months. The monthly Disability benefit
                  shall equal (a) minus (b) minus (c) minus (d) minus (e) below:

                  (a)      Seventy percent (70%) of Participant's Final Average
                           Monthly Compensation; less ----

                  (b)      An amount equal to Participant's monthly pension
                           benefit under the Qualified Plan. For this purpose,
                           Participant's monthly pension benefit under the
                           Qualified Plan shall be calculated in accordance with
                           the terms of the Qualified Plan as in effect on the
                           date Participant commences receiving benefits under
                           the Qualified Plan, in the form of a life annuity,
                           payable monthly commencing at the same time as
                           Participant commences receiving any benefits under
                           the Qualified Plan; less

                  (c)      An amount equal to Participant's monthly supplemental
                           pension benefit under Article VII of the Omnibus SERP
                           and Section 4 of this Agreement. For this purpose,
                           Participant's monthly supplemental pension benefit
                           shall be calculated in the same manner as his monthly
                           pension benefit under the Qualified Plan; less

                  (d)      An amount equal to Participant's primary Social
                           Security benefit payable under the Old Age Survivors
                           and Disability Insurance (Social Security Act). For
                           this purpose, it shall be assumed that Participant's
                           Social Security benefit payments commence at the time
                           Disability benefits commence hereunder,
                           notwithstanding any election by Participant to delay
                           such payments. Once a reduction for Social Security
                           is first determined under this subsection (d), the
                           amount of the reduction shall remain fixed for all
                           subsequent disability benefit payments under this
                           Section 3; less

                  (e)      The amount of any monthly disability benefit payable
                           to the Participant under any group or individual
                           disability income policy sponsored by the Bank or
                           Centura.

                  In the event Disability benefit payments terminate pursuant to
                  subsections (a), (b) or (c) of Section 6.3 of the Omnibus SERP
                  and before Participant has received two hundred and forty
                  (240) monthly payments under this Section 3, the remaining
                  payments shall be recharacterized as Retirement or death
                  benefits and shall be paid to Participant (or his beneficiary
                  or estate in accordance with Section 1 or 2 of this Agreement,
                  as the case may be) provided that the amount of each payment
                  to Participant shall continue to be governed by this Section
                  3, and

                                       4
<PAGE>
                  provided further that the amount of any payment
                  recharacterized as a death benefit shall be equal to the last
                  payment made to Participant before his death.

         4.       EXCESS BENEFITS. Participant shall be entitled to Excess
                  Benefits pursuant to Article VII of the Omnibus SERP.

         5.       DESIGNATION OF BENEFICIARIES. The Participant shall designate
                  his or her beneficiary(ies) on the Beneficiary Designation
                  Form attached hereto and made a part hereof.

         6.       CHANGE IN CONTROL. Upon a change in control, as defined in
                  Section 8.3 of the Omnibus SERP, the Participant's rights and
                  accrued benefits under the Omnibus SERP and this Agreement
                  shall be fully vested. Accordingly:

                  (a)      for purposes of Section 1 of this Agreement, if
                           Participant is no longer employed by Bank as of his
                           58th birthday, he shall nevertheless be entitled to
                           elect during the Election Period to begin receiving
                           his Retirement Benefit. Participant's Final Average
                           Monthly Compensation shall be determined by reference
                           to his Annual Compensation as of his actual
                           termination of employment;

                  (b)      for purposes of Section 2 of this Agreement, the
                           requirement that Participant be actively employed as
                           a full-time officer of Bank shall be disregarded.
                           Participant's Final Average Monthly Compensation
                           shall be determined by reference to his Annual
                           Compensation as of his actual termination of
                           employment; and

                  (c)      for purposes of Section 3 of this Agreement,
                           Participant shall be deemed to have completed ten
                           (10) years of employment with Bank. If Participant is
                           no longer employed by Bank at the time of his
                           Disability, he shall nevertheless be entitled to
                           Disability Benefits under Section 3. Participant's
                           Final Average Monthly Compensation shall be
                           determined by reference to his Annual Compensation as
                           of his actual termination of employment.

         7.       TERMINATION OF EMPLOYMENT AND FORFEITURE. Centura or the Bank
                  may terminate the Participant's employment with Cause. For
                  purposes of this Agreement, "Cause" shall mean:

                  (a)      the willful and continued failure of Executive to
                           perform substantially Executive's duties with Centura
                           or the Bank (other than any such failure resulting
                           from incapacity due to physical or mental illness,
                           and specifically excluding any failure by Executive,
                           after reasonable efforts, to meet performance
                           expectations), after a written demand for substantial
                           performance is delivered to Executive by the Board of
                           Directors of Centura or the Bank, as applicable,
                           which specifically identifies the

                                       5
<PAGE>
                           manner in which such Board believes that Executive
                           has not substantially performed Executive's duties,
                           or

                  (b)      the willful engaging by Executive in illegal conduct
                           or gross misconduct which is materially and
                           demonstrably injurious to Centura or the Bank.

                  For purposes of this provision, no act or failure to act, on
                  the part of Executive, shall be considered "willful" unless it
                  is done, or omitted to be done, by Executive in bad faith and
                  without reasonable belief that Executive's action or omission
                  was in the best interests of Centura or the Bank, as the case
                  may be. Any act, or failure to act, based upon authority given
                  pursuant to a resolution duly adopted by the applicable Board
                  of Directors or based upon the advice of counsel for Centura
                  or the Bank shall be conclusively presumed to be done, or
                  omitted to be done, by Executive in good faith and in the best
                  interests of Centura or the Bank, as the case may be. The
                  cessation of employment of Executive shall not be deemed to be
                  for Cause unless and until there shall have been delivered to
                  Executive a copy of a resolution duly adopted by the
                  affirmative vote of not less than two-thirds of the entire
                  membership of the applicable Board of Directors (excluding
                  Executive) at a meeting of such Board called and held for such
                  purpose (after reasonable notice is provided to Executive and
                  Executive is given an opportunity, together with counsel, to
                  be heard before such Board), finding that, in the good faith
                  opinion of such Board, Executive is guilty of the conduct
                  described in subparagraph (a) or (b) above, and specifying the
                  particulars thereof in detail.

                  Upon such termination, Participant shall forfeit all rights
                  and benefits under this Agreement, except those benefits
                  provided pursuant to Section 4 above and Article VII of the
                  Omnibus SERP.

         8.       PLAN TERMINATION. In the event of the termination of the Plan,
                  pursuant to Section 14.6 of the Plan, prior to the
                  Participant's death, Retirement or Disability under Sections
                  1, 2 or 3 hereof, the Participant shall become fully vested in
                  his Retirement Benefits under Section 1 of this Agreement, and
                  shall become entitled to payment in a single sum of the
                  actuarial equivalent of his Retirement Benefits under Section
                  1 and his Excess Benefits under Section 4, determined using
                  the Discount Rate and payable as soon as administratively
                  possible after the termination of the Plan. In the event of
                  the termination of the Plan, pursuant to Section 14.6 of the
                  Plan, after benefit payments have commenced hereunder, the
                  Participant (or his beneficiaries) shall become entitled to
                  payment in a single sum of the actuarial equivalent of the
                  remaining payments due hereunder, determined using the
                  Discount Rate and payable as soon as administratively possible
                  after the termination of the Plan.

         9.       GENERAL PROVISIONS.

                  (a)      This Agreement, together with the Omnibus SERP, the
                           terms of which are incorporated herein by reference,
                           set forth all of the promises, agreements,
                           conditions, understandings, warranties, and
                           representations between the

                                       6
<PAGE>

                           parties with respect to the benefits described
                           hereunder, and there are no promises, agreements,
                           conditions, understandings, warranties, or
                           representations, oral or written, express or implied
                           with respect to the benefits hereunder other than as
                           set forth in the Omnibus SERP and this Agreement. Any
                           modifications or any waivers of any provision
                           contained in this Agreement shall not be valid unless
                           made in writing and signed by the person or persons
                           sought to be bound by such waiver or modification.

                  (b)      All benefits hereunder shall be payable from the
                           general assets of the Bank. All costs or expenses in
                           connection with the administration of this Agreement
                           shall be borne by the Bank.

                  (c)      The provisions of this Agreement are severable and if
                           any one or more of the provisions are determined to
                           be illegal or otherwise unenforceable, in whole or in
                           part, the remaining provisions, and any partially
                           unenforceable provision to the extent enforceable in
                           any jurisdiction, shall nevertheless be binding and
                           enforceable.

                  (d)      The waiver by Centura or the Bank of a breach by the
                           Participant of any provision of this Agreement shall
                           not operate or be construed as a waiver of any
                           subsequent breach by the Participant.

                  (e)      The terms and provisions of this Agreement shall be
                           binding upon and shall inure to the benefit of the
                           parties hereto and their successors and assigns,
                           including, without limitation, Participant's
                           beneficiary, the estate of Participant, as well as
                           the executors, administrators, and trustees of such
                           estate.

                  (f)      Participant acknowledges that he has received, read,
                           and is familiar with the Omnibus SERP, which contains
                           certain additional provisions governing the benefits
                           granted hereunder.

                  (g)      The provisions of this Agreement shall be construed
                           in accordance with the laws of the State of North
                           Carolina to the extent not pre-empted by the laws of
                           the United States of America, including ERISA.

                  (h)      Capitalized terms used in this Agreement and not
                           otherwise defined herein shall have the meaning set
                           forth in the Omnibus SERP.

                  (i)      For purposes of this Agreement, the term "Discount
                           Rate" means the interest rate used from time to time
                           for determining single sum distributions under the
                           Qualified Plan for the month in which a determination
                           is being made.

                  (j)      This Agreement and all benefits provided hereunder
                           shall expire on the 91st day after Participant's 58th
                           birthday unless Participant has elected Early
                           Retirement within the Election Period or
                           Participant's benefits have otherwise commenced under
                           Sections 2 or 3.

                                       7
<PAGE>
                  (k)      Any amounts withdrawn from the cash surrender values
                           of insurance policies by the Owner thereof, and any
                           amounts paid to the Owner or the Owner's beneficiary
                           by reason of the Participant's death, pursuant to and
                           in accordance with the Split Dollar Agreement between
                           Centura Banks, Inc. and its Subsidiaries and the
                           Participant, and dated as of February 18, 2000, as
                           the same may hereafter be amended from time to time
                           (the "Split Dollar Agreement"), shall offset and
                           reduce, dollar for dollar, amounts payable hereunder
                           including amount payable under Section 4, above.
                           Participant acknowledges that any policies obtained
                           under the above-referenced Split Dollar Agreement do
                           not fund any of the benefits to which he or his
                           beneficiary may become entitled under this Agreement
                           and that any such policy shall not be held or deemed
                           to be held under any trust for the benefit of the
                           Participant, or his beneficiary, or to be collateral
                           security for the performance of the obligations of
                           Centura or the Bank, but shall be and remain subject
                           to the claims of the general creditors of Centura
                           and/or the Bank.

                  (l)      To the extent benefits upon the Participant's death
                           are payable under this Agreement in a form other than
                           a single sum payment, the offset and reduction
                           required by subsection 9(k) above shall be based on
                           the single sum actuarial equivalent of any remaining
                           installment or annuity payments due hereunder,
                           determined using the Discount Rate. The Owner's death
                           benefits paid to the Owner or the Owner's beneficiary
                           under the terms of the Split Dollar Agreement shall
                           offset and reduce the amount of each remaining
                           installment or annuity payment due hereunder, in
                           direct proportion to the offset and reduction to the
                           single sum actuarial equivalent.

                  (m)      In accordance with Section 3.3 of the Omnibus SERP,
                           the Committee shall have the exclusive right to
                           interpret, construe and administer the Omnibus SERP
                           and this Agreement. The Committee's authority and
                           responsibility shall include, and shall not be
                           limited to, the calculation of any offsets provided
                           under the terms of Sections 1, 2, 3 or 4 hereunder.

                                       8
<PAGE>
         IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
executed as of the day and year first above written.

                                              CENTURA BANKS, INC.

                                              By: /s/ Frank L. Pattillo
                                                 ----------------------
                                                      Frank L. Pattillo
                                                      Authorized Officer
ATTEST:

/s/ Marcia M. Davis
-------------------
    Marcia M. Davis
    Assistant Secretary

(Corporate Seal)
                                              CENTURA BANK

                                              By: /s/ Frank L. Pattillo
                                                 ----------------------
                                                      Frank L. Pattillo
                                                      Authorized Officer
ATTEST:

/s/ Marcia M. Davis
-------------------
    Marcia M. Davis
    Assistant Secretary

 (Corporate Seal)

                                              PARTICIPANT

                                              /s/ Michael S. Patterson (SEAL)
                                              -------------------------------
                                              Michael S. Patterson

                                       9

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