Document:

FIRST CHARTER CORPORATION

Exhibit 10.1

FIRST CHARTER
CORPORATION

2000 OMNIBUS STOCK OPTION AND AWARD PLAN

 Performance Shares
Award Agreement

This Performance Shares Award
Agreement (the "Agreement") is dated as of __________________, 20__ and is
entered into between First Charter Corporation, a North Carolina corporation
(the "Corporation"), and _____________________________ (the "Participant").

The Participant is a key employee
of the Corporation or a Subsidiary and has been selected to participate in the
First Charter Corporation 2000 Omnibus Stock Option and Award Plan (the "Plan").
  

The Compensation Committee of the
Board of Directors of the Corporation has determined that it will award the
Participant with Performance Shares, as such term is defined in the Plan, as an
incentive for the performance of future service for the Corporation and/or a
Subsidiary, subject to the terms of the Plan.   

The Corporation and the Participant
have agreed to enter into this agreement (the "Agreement") pursuant to the
provisions of the Plan to establish certain rights and obligations of the
parties.

Capitalized terms used but not
defined in this Agreement shall have the meaning specified in the Plan.

In consideration of the mutual
promises set forth below, the parties hereto agree as follows:  

1.                 
Award of Performance Shares.  

                    (a)               
Subject to the terms and conditions of this Agreement and the Plan (the
terms of which are hereby incorporated herein by reference) and effective as of
the date set forth above, the Committee hereby awards to the Participant, not in
lieu of salary or other compensation, ______________ (____) target Performance
Share Awards (the "Target PSAs") on the terms and subject to the conditions of
this Agreement.  

                    (b)              
The Participant hereby accepts the Target PSAs and agrees to be bound by
the terms and conditions described in the Plan and in this Agreement.  The
Participant shall not be required to pay any amount for the Target PSAs.  

                   (c)               
Target PSAs are used solely to calculate the number of actual
Performance Share Awards (the "Actual PSAs") awarded to the Participant in
accordance with this Agreement and do not create any separate rights or
entitlements.  Actual PSAs are calculated following the end of the Performance
Period, based on the metrics and Performance Objectives described in Appendix A
and based on any adjustments due to changes as described in Section 3(c) and
any 

 

changes in the Performance Objectives or performance percentage (the "Performance
Percentage") permitted under this Agreement.   

                (d)              
Target and Actual PSAs represent the Corporation's unfunded and
unsecured promise to issue shares of Common Stock at a future date, subject to
the terms of this Agreement and the Plan.  The Participant has no rights under
the Target or Actual PSAs other than the rights of a general unsecured creditor
of the Corporation. 

2.                 
Performance Period.  The Performance Period shall begin on _______________,
20__ and end on ____________, 20__.  

3.                 
 Calculation of PSAs.  

                  (a)               
Following the end of the Performance Period, the Committee will
calculate the Participant's Actual PSAs by multiplying the Target PSAs by the Performance
Percentage.  

                  (b)              
The Performance Percentage is calculated in accordance with the
methodology set forth in Appendix A, which measures the performance of the Corporation
in connection with different Performance Objectives. The Performance Objectives
will be measured using the methods and procedures that the Corporation uses for
its business purposes, and these methods and procedures may change without
notice or consent. 

                  (c)               
If there is a significant change in the Corporation's business or
business strategy (for example, by a merger, acquisition or divestiture), as
the Committee determines in its sole discretion, the Committee may adjust the Performance
Percentage calculation by changing the Performance Objectives, weights,
performance levels, and/or measurements as it considers appropriate in light of
the change. 

                 (d)              
The final determination of the Performance Percentage and the number of Actual
PSAs to which the Participant is entitled will be made by the Committee in accordance
with the terms of this Agreement and the Plan.    

4.                 
Vesting Schedule and Conversion of PSAs; Adjustments on Employment
Changes.   Subject to the terms of this Agreement and the Plan and
provided that the Participant does not have a Termination of Service through
the Performance Period and through the date on which the Committee has verified
the Corporation's performance versus the Performance Objectives for the Performance
Period, the Target PSAs shall vest and be converted into Actual PSAs that will
be distributed to the Participant in the form of shares of Common Stock and
cash, as determined by the Committee, unless deferred by the Participant in
accordance with Section 12(b).   Each Actual PSA will be the equivalent of one
share of Common Stock.    

5.                 
 Termination at Conversion of PSAs.  Unless terminated
earlier under Sections 6, 7, 8, or 9, the Participant's rights under this Agreement
with respect to the Target and Actual PSAs issued hereunder shall terminate at
the time such Actual PSAs are converted into shares of Common Stock and
delivered to the Participant. 

2

 

6.                 
Termination of Participant's Status as a Participant.  Except
as otherwise specified in this Section or in Sections 7, 8, 9, and 11, in the
event of the Participant's Termination of Service or other termination of the
Participant's status as a Participant, the Participant's rights under this
Agreement in any unvested Target PSAs shall terminate.  

                    (a)               
For example and without limitation, the Participant's status as a
Participant will terminate at the time the Participant's actual employer ceases
to be the Corporation or a Subsidiary.  

                    (b)              
If the Participant's Termination of Service is involuntary, but without
Cause (as defined in Subsection (c), then the Committee shall make a payment in
settlement of such Target PSAs within a reasonable period of time following the
end of the year in which the Termination of Service occurs, but only if all
Performance Thresholds (as defined in Appendix A) contained in the Performance
Objectives set forth in Appendix A (if any) are met as of the last day of the
year in which such Termination of Service occurs.  In such event, all other Performance
Objectives will be deemed to have been satisfied at the end of such year to the
extent necessary to earn 100% of the Target PSAs, and the amount of the payment
shall be pro rated for the portion of the Performance Period during which the
Participant was employed by the Corporation or a Subsidiary; provided, however,
that the Committee may provide for an earlier payment in settlement of such
Performance Shares in such amount and under such terms and conditions as the
Committee deems appropriate or desirable.  

                    (c)               
For the purpose of this Agreement, "Cause" shall mean (i) willful
misconduct of a material nature by the Participant in connection with the
performance of the Participant's employment duties; (ii) use of alcohol or
narcotics that affects the Participant's ability to perform the Participant's
employment duties; (iii) the Participant's conviction of a felony or serious
misdemeanor involving moral turpitude; (iv) embezzlement or theft by the
Participant from the Corporation or a Subsidiary; (v) the Participant's gross
inattention to or dereliction of duty; (vi) the Participant's commission or
omission of an act of fraud or dishonesty in connection with the Participant's
employment; (vii) the Participant's breach of any fiduciary duty to the
Corporation or a Subsidiary, including the duty of loyalty; or (viii)
performance by the Participant of any other willful act which the Participant
knew or reasonably should have known would be materially detrimental to the
Corporation or a Subsidiary.   

7.                 
Disability of Participant.  Notwithstanding the
provisions of Section 6, in the event that Participant has a Termination of
Service due to a Disability, then the Committee shall make a payment in
settlement of such Target PSAs within a reasonable period of time following the
end of the year in which the Disability-related Termination of Service occurs,
but only if all Performance Thresholds (as defined in Appendix A) contained in
the Performance Objectives set forth in Appendix A (if any) are met as of the
last day of the year in which such Termination of Service occurs.  In such
event, all other Performance Objectives will be deemed to have been satisfied
at the end of such year to the extent necessary to earn 100% of the Target
PSAs, and the amount of the payment shall be pro rated for the portion of the
Performance Period during which the Participant was employed by the Corporation
or a Subsidiary; provided, however, that the Committee may provide for an
earlier payment in settlement of such Performance Shares in such amount and
under such terms and conditions as the Committee deems appropriate or
desirable.  For the purpose of this Agreement, "Disability" shall
mean a determination of 

 

3

disability under the terms of the Corporation-provided
long term disability plan in which the Participant participates.  

8.                 
Retirement of Participant.  Notwithstanding the provisions of
Section 6, if the Participant has a Termination of Service due to Retirement, then
the Committee shall make a payment in settlement of such Target PSAs within a
reasonable period of time following the end of the year in which the Retirement-related
Termination of Service occurs, but only if all Performance Thresholds (as
defined in Appendix A) contained in the Performance Objectives set forth in
Appendix A (if any) are met as of the last day of the year in which such
Termination of Service occurs.  In such event, all other Performance Objectives
will be deemed to have been satisfied at the end of such year to the extent
necessary to earn 100% of the Target PSAs, and the amount of the payment shall
be pro rated for the portion of the Performance Period during which the Participant
was employed by the Corporation or a Subsidiary; provided, however, that the
Committee may provide for an earlier payment in settlement of such Performance
Shares in such amount and under such terms and conditions as the Committee
deems appropriate or desirable.  For the purpose of this Agreement,
"Retirement" shall mean retirement under the retirement policies of
the Corporation or otherwise with the consent of the Committee. 

9.                 
Death of Participant.  Notwithstanding the provisions of Section
6, if the Participant has a Termination of Service due to death, then the
Committee shall make a payment in settlement of such Target PSAs within a
reasonable period of time following the end of the year in which the death-related
Termination of Service occurs, but only if all Performance Thresholds (as
defined in Appendix A) contained in the Performance Objectives set forth in
Appendix A (if any) are met as of the last day of the year in which such
Termination of Service occurs.  In such event, all other Performance Objectives
will be deemed to have been satisfied at the end of such year to the extent
necessary to earn 100% of the Target PSAs, and the amount of the payment shall
be pro rated for the portion of the Performance Period during which the
Participant was employed by the Corporation or a Subsidiary; provided, however,
that the Committee may provide for an earlier payment in settlement of such
Performance Shares in such amount and under such terms and conditions as the
Committee deems appropriate or desirable.  

10.             
Value of Unvested PSAs.  In consideration of the award
of these Performance Shares, Participant agrees that, on and following the Participant's
Termination of Service or termination of Participant's status as a Participant
for any reason, any unvested PSAs under this Agreement shall be deemed to have
a value of zero dollars ($0.00). 

11.             
Change of Control.  Notwithstanding the treatment of Awards
described in Article XI of the Plan, on the occurrence of a Change of Control,
the Performance Shares will be paid out as soon as practicable as follows: 

                   (a)               
all Performance Objectives will be deemed to have been satisfied to the
extent necessary to earn 100% of the Target PSAs, and  

                   (b)              
the Performance Period will be deemed to have been completed. 

The occurrence of the Change of Control prior to the last
day of the Performance Period will not have any adverse impact on the number of
Target and Actual PSAs.  Further, if the Committee determines, in its
discretion, that the Corporation's performance at the time of the Change of
Control is such that the 

4

Performance Objectives would have resulted in a payout
greater than 100%, the Committee may increase the number of Actual PSAs above
100% of the Target PSAs.

12.             
Conversion of Actual PSAs to Common Shares; Responsibility for Taxes.

                   (a)               
 Provided that the Participant has satisfied the requirements of
Section 12(c) on the vesting of any Target PSAs, such vested Target PSAs shall
be converted into the applicable number of Actual PSAs which, in turn, shall be
converted into an equivalent number of shares of Common Stock that will be
distributed to the Participant or, in the event of the Participant's death, to the
Participant's legal representative, as soon as practicable. 

                   (b)              
The distribution to the Participant or to the Participant's legal
representative of shares of Common Stock in respect of the Actual PSAs shall be
evidenced by a stock certificate, appropriate entry on the books of the Corporation
or a duly authorized transfer agent of the Corporation, or other appropriate
means as determined by the Corporation.   Notwithstanding the foregoing, the
Committee shall have the discretion to settle some or all of the Actual PSAs 
in cash.  Further, the Committee in its discretion may permit the Participant
to defer payment in settlement of Performance Shares on terms and conditions
approved by the Committee for such payment deferrals.

                   (c)               
The Participant shall be required to deposit with the Corporation an
amount of cash equal to the amount determined by the Corporation to be required
with respect to any withholding taxes, FICA contributions, or the like under
any federal, state, or local statute, ordinance, rule, or regulation in
connection with the award or settlement of the Performance Shares. 
Alternatively, the Corporation may, at its sole election, withhold the required
amounts from the Participant's pay during the pay periods next following the
date on which any such applicable tax liability otherwise arises.  The
Committee, in its discretion, may permit the Participant, subject to such conditions
as the Committee shall require, including conditions relating to compliance
with Section 16 of the Exchange Act of 1934, as amended, and rules promulgated
thereunder, to elect to have the Corporation withhold a number of shares of
Common Stock otherwise deliverable having a fair market value sufficient to
satisfy the statutory minimum of all or part of the Participant's estimated
total federal, state, and local tax obligations associated with vesting or
settlement of the restricted stock units.  The Corporation shall not deliver
any of the shares of Common Stock until and unless the Participant has made the
deposit required herein or proper provision for required withholding has been
made.

13.             
Restrictions on Sale.  By accepting the Award of Performance Shares
as evidenced by this Agreement, Participant agrees not to sell any of the shares
of Common Stock received on account of vested Target PSAs at a time when
applicable laws or the Corporation's policies prohibit a sale. This restriction
shall apply so long as the Participant is an Eligible Person.

14.             
 Restriction on Transferability.  Until the Target PSAs are
vested as provided above, they may not be sold, transferred, pledged, assigned,
or otherwise alienated at any time.  Any attempt to do so contrary to the
provisions hereof shall be null and void.

15.             
Acknowledgment of Nature of Plan and Performance Shares.  In
accepting the Award, Participant acknowledges that: 

5

 

                  (a)               
 The Plan is established voluntarily by the Corporation, it is
discretionary in nature and may be modified, amended, suspended or terminated
by the Corporation at any time, in accordance with and subject to the
limitations included in the Plan.

                  (b)              
 The Award of Performance Shares is voluntary and occasional and
does not create any contractual or other right to receive future awards of
Performance Shares or benefits in lieu of Performance Shares, even if Performance
Shares have been awarded repeatedly in the past.

                  (c)               
 All decisions with respect to future awards, if any, will be at
the sole discretion of the Committee.

                  (d)              
  The future value of the underlying shares of Common Stock is
unknown and cannot be predicted with certainty.

                  (e)               
 If the Participant receives shares of Common Stock, the value of
such Common Stock acquired on the vesting of Target PSAs may increase or
decrease in value. 

                  (f)                
The Participant will comply with any stock ownership guidelines that may
be adopted by the Corporation.

16.             
 No Employment Rights.  The Award of the Performance Shares
pursuant to this Agreement shall not give the Participant any right to remain
employed by the Corporation or a Subsidiary.

17.             
Effect on Other Employee Benefit Plans.  The value of the Performance
Shares granted pursuant to this Agreement shall not be included as
compensation, earnings, salaries, or other similar terms used when calculating
the Participant's benefits under any employee benefit plan sponsored by the
Corporation or any Subsidiary except as such plan otherwise expressly
provides.  The Corporation expressly reserves its rights to amend, modify, or
terminate any of the Corporation's or any Subsidiary's employee benefit plans.

18.             
 Amendment.  This Agreement may be amended only by a writing
executed by the Corporation and the Participant which specifically states that
it is amending this Agreement.  Notwithstanding the foregoing, this Agreement
may be amended solely by the Committee by a writing which specifically states
that it is amending this Agreement, so long as a copy of such amendment is
delivered to the Participant, and provided that no such amendment adversely affecting
the rights of the Participant hereunder may be made without the Participant's
written consent.  Without limiting the foregoing, the Committee reserves the
right to change, by written notice to the Participant, the provisions of the
Performance Shares or this Agreement in any way it may deem necessary or
advisable to carry out the purpose of the grant as a result of any change in
applicable laws or regulations or any future law, regulation, ruling, or
judicial decision, provided that any such change shall be applicable only to Performance
Shares which are then subject to restrictions as provided herein.

19.             
Notices.  Any notice to be given under the terms of this
Agreement to the Corporation shall be addressed to the Corporation in care of
its Corporate Secretary.  Any notice to be given to the Participant shall be
addressed to the Participant at the address listed in the Corporation's
records.  By a 

6

notice given pursuant to this Section, either party may
designate a different address for notices.  Any notice shall have been deemed
given when actually delivered.

20.             
Severability.  If all or any part of this Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity shall not invalidate any portion of this
Agreement or the Plan that is not declared to be unlawful or invalid.  Any
Section of this Agreement (or part of such a Section) so declared to be
unlawful or invalid shall, if possible, be construed in a manner which will
give effect to the terms of such Section or part of a Section to the fullest
extent possible while remaining lawful and valid.

21.             
Construction.  The Performance Shares are being issued pursuant
to Article X (Performance Shares) of the Plan and are subject to the terms of
the Plan.  A copy of the Plan has been given to the Participant, and additional
copies of the Plan are available on request during normal business hours at the
principal executive offices of the Corporation.  

22.             
Miscellaneous.

                  (a)               
This Agreement shall be subject to all applicable laws, rules, and
regulations, and to such approvals by any governmental agencies or national
securities exchanges as may be required.

                  (b)              
All obligations of the Corporation under the Plan and this Agreement,
with respect to the Performance Shares, shall be binding on any successor to
the Corporation, whether the existence of such successor is the result of a
direct or indirect purchase, merger, consolidation, or otherwise, of all or
substantially all of the business and/or assets of the Corporation.

                 (c)               
To the extent not preempted by federal law, this Agreement shall be
governed by, and construed in accordance with, the laws of the State of North
Carolina.

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

PARTICIPANT                                               FIRST
CHARTER CORPORATION

                                                                                    By:
                                                                                                                                               
President and Chief Executive Officer

7

APPENDIX A

PERFORMANCE
OBJECTIVES 

            The Performance Objectives for the Performance
Period that begins ________________, 20__ and ends ________________, 20__ shall
be as follows:Exhibit 10.2

FIRST CHARTER
CORPORATION

2000 OMNIBUS STOCK OPTION AND AWARD PLAN

Restricted Stock Award Agreement

This
Restricted Stock Award Agreement (the "Agreement") is dated as of __________________,
20__ and is entered into between First Charter Corporation, a North Carolina
corporation (the "Corporation"), and _____________________________ (the "Participant").

The
Participant is a [key employee] [non-employee director] of the Corporation or
of First Charter Bank (the "Bank") and has been selected to participate in the
First Charter Corporation 2000 Omnibus Stock Option and Award Plan (the "Plan").

The Compensation
Committee of the Board of Directors of the Corporation has determined that it
will award the Participant with shares of Restricted Stock, as such term is
defined in the Plan, as a reward for past service and as an incentive for the
performance of future service for the Corporation and/or the Bank, subject to
the terms of the Plan.   

The
Corporation and the Participant have agreed to enter into this agreement (the
"Agreement") pursuant to the provisions of the Plan to establish certain rights
and obligations of the parties.

Capitalized
terms used but not defined in this Agreement shall have the meaning specified
in the Plan.

In
consideration of the mutual promises set forth below, the parties hereto agree
as follows:

1.                 
Award of Restricted Stock.  Subject to the terms and conditions
of this Agreement and the Plan (the terms of which are hereby incorporated
herein by reference) and effective as of the date set forth above, the Committee
hereby awards to the Participant, not in lieu of salary or other compensation,
______________ (____) shares of the Corporation's Common Stock (the "Restricted
Shares").  The Participant hereby accepts the Restricted Shares and agrees to
be bound by the terms and conditions described in the preceding sentence.  The
Participant shall not be required to pay any amount for the Restricted Shares. 

2.                 
Restriction Period.  The Restriction Period shall begin on the
date set forth above and end on ____________, 20__.  

3.                 
Vesting.  [Cliff Vesting - If the Participant does not
have a Termination of Service through the last day of the Restriction Period,
the Participant's right to receive 100% of the Restricted Shares shall vest
without further risk of forfeiture.  If the Participant's Termination of
Service before the end of the Restriction Period is due to the Participant's
death, Disability, or Retirement, all of the Restricted Shares shall vest.] 

[Graduated
Vesting (assuming a three-year period; other durations could be used) - If
the Participant has a Termination of Service prior to the end of the Restricted
Period, the Participant's right to the Restricted Shares shall vest in
accordance with the following schedule: 

(a)  If the Termination of Service occurs before _____________,
20__ (the "Initial Vest Date"), the Participant shall forfeit all of the
Restricted Shares;

            (b)
If the Termination of Service occurs on or after the Initial Vest Date, 

(i)  One-third of the Restricted Shares shall vest on the
Initial Vest Date; 

                        (ii)
One-third of the Restricted Shares shall vest on the first anniversary of the
Initial Vest Date; and 

                        (iii)
One-third of the Restricted Shares shall vest on the second anniversary of the
Initial Vest Date. ]

If the
Participant's Termination of Service is due to the Participant's death,
Disability, or Retirement, all of the Restricted Shares shall vest.]

Any
provision of this Agreement to the contrary notwithstanding, the Committee may
in its sole and absolute discretion at any time before, or within 120 days
after, the date of such Termination of Service determine that some or all of
such Restricted Shares shall be free of restrictions and shall not be forfeited. 
  

4.                 
Stock Certificates.  A stock certificate (the "Certificate")
evidencing the Restricted Shares shall be registered in the Participant's name
as soon as practicable.  Subject to Section 7 of this Agreement, Certificates
representing the unrestricted shares of Corporation Stock will be delivered to
the Participant as soon as practicable after the lapse of [the] [each portion
of the] Restriction Period.  If, however, the Participant elects to defer
payment of the shares of the Corporation's Common Stock following the end of
the Restriction Period, as provided in Section 5 of this Agreement, the shares
of the Corporation's Common Stock shall be issued as set forth in the deferral election
agreement entered into between the Corporation and the Participant.

5.                 
Deferral Election.  With the consent of the Committee, the Participant
may elect to defer delivery of the shares of the Corporation's Common Stock
that would otherwise be due by virtue of the lapse or waiver of the vesting
requirements as set forth in Section 2.  If such deferral election is made, the
Committee shall, in its sole discretion, establish the rules and procedures for
such payment deferrals. 

6.                 
Dividends.  The Participant shall be entitled to receive cash
payments equal to any cash dividends and other distributions paid with respect
to a corresponding number of shares of the Corporation's Common Stock.    

7.                 
Tax Withholding Obligations.  The Participant shall be required
to deposit with the Corporation an amount of cash equal to the amount
determined by the Corporation to be required with respect to any withholding
taxes, FICA contributions, or the like under any federal, 

2

state, or local
statute, ordinance, rule, or regulation in connection with the award or
settlement of the Restricted Shares.  Alternatively, the Corporation may, to
the extent permitted by law and at its sole election, withhold the required
amounts from the Participant's pay during the pay periods next following the
date on which any such applicable tax liability otherwise arises.  The
Committee, in its discretion, may permit the Participant, subject to such
conditions as the Committee shall require, to elect to have the Corporation
withhold a number of shares of Common Stock otherwise deliverable having a fair
market value sufficient to satisfy the statutory minimum of all or part of the
Participant's estimated total federal, state, and local tax obligations
associated with vesting or settlement of the restricted stock units.  The Corporation
shall not deliver any of the shares of Common Stock until and unless the Participant
has made the deposit required herein or proper provision for required
withholding has been made.

8.                 
Restriction on Transferability.  Until the Restricted Shares are
vested as provided above, they may not be sold, transferred, pledged, assigned,
or otherwise alienated at any time.  Any attempt to do so contrary to the
provisions hereof shall be null and void.

9.                 
Rights as Shareholder.  Except as described in this Agreement, the
Participant shall have voting and other rights as a shareholder of the Corporation
with respect to the Restricted Shares.  

10.             
Effect on Other Employee Benefit Plans.  The value of the Restricted
Shares granted pursuant to this Agreement shall not be included as
compensation, earnings, salaries, or other similar terms used when calculating
the Participant's benefits under any employee benefit plan sponsored by the Corporation
or any Subsidiary except as such plan otherwise expressly provides.  The Corporation
expressly reserves its rights to amend, modify, or terminate any of the Corporation's
or any Subsidiary's employee benefit plans.

11.             
No [Employment] [Directorship] Rights.  The award of the Restricted
Shares pursuant to this Agreement shall not give the Participant any right to
remain [employed by the Corporation or a Subsidiary] [a non-employee director
of the Corporation].

12.             
Amendment.  This Agreement may be amended only by a writing
executed by the Corporation and the Participant which specifically states that
it is amending this Agreement.  Notwithstanding the foregoing, this Agreement
may be amended solely by the Committee by a writing which specifically states
that it is amending this Agreement, so long as a copy of such amendment is
delivered to the Participant, and provided that no such amendment adversely
affecting the rights of the Participant hereunder may be made without the Participant's
written consent.  Without limiting the foregoing, the Committee reserves the
right to change, by written notice to the Participant, the provisions of the
Restricted Shares or this Agreement in any way it may deem necessary or
advisable to carry out the purpose of the grant as a result of any change in
applicable laws or regulations or any future law, regulation, ruling, or
judicial decision, provided that any such change shall be applicable only to
restricted shares which are then subject to restrictions as provided herein.

13.             
Notices.  Any notice to be given under the terms of this
Agreement to the Corporation shall be addressed to the Corporation in care of
its Corporate Secretary.  Any notice to be given to the Participant shall be
addressed to the Participant at the address listed in the 

3

Corporation's records. 
By a notice given pursuant to this Section, either party may designate a
different address for notices.  Any notice shall have been deemed given when
actually delivered.

14.             
Severability.  If all or any part of this Agreement or the Plan
is declared by any court or governmental authority to be unlawful or invalid,
such unlawfulness or invalidity shall not invalidate any portion of this
Agreement or the Plan that is not declared to be unlawful or invalid.  Any
Section of this Agreement (or part of such a Section) so declared to be
unlawful or invalid shall, if possible, be construed in a manner which will
give effect to the terms of such Section or part of a Section to the fullest
extent possible while remaining lawful and valid.

15.             
Construction.  The Restricted Shares are being issued pursuant to
Article VIII (Restricted Stock) of the Plan and are subject to the terms of the
Plan.  A copy of the Plan has been given to the Participant, and additional
copies of the Plan are available on request during normal business hours at the
principal executive offices of the Corporation.  To the extent that any
provision of this Agreement violates or is inconsistent with an express provision
of the Plan, the Plan provision shall govern, and any inconsistent provision in
this Agreement shall be of no force or effect.

16.             
Miscellaneous.

(a)        This Agreement shall be subject to all applicable
laws, rules, and regulations, and to such approvals by any governmental
agencies or national securities exchanges as may be required.

(b)        All obligations of the Corporation under the Plan
and this Agreement, with respect to the Restricted Shares, shall be binding on
any successor to the Corporation, whether the existence of such successor is
the result of a direct or indirect purchase, merger, consolidation, or
otherwise, of all or substantially all of the business and/or assets of the Corporation.

(c)        To the extent not preempted by federal law, this
Agreement shall be governed by, and construed in accordance with, the laws of
the State of North Carolina.

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

PARTICIPANT                                               FIRST
CHARTER CORPORATION

                                                                                    By:
                                                                                                                                              
President and Chief Executive Officer

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