EXHIBIT 10.4
EX-10.4
FIRST CAROLINA FINANCIAL SERVICES, INC.
2025 EQUITY INCENTIVE PLAN
2025 Equity Incentive Plan Approved by
the Board and Shareholders on February 27, 2025 and April 24, 2025, respectively
1. Purposes of the Plan. The purposes of this Plan are to attract and retain the best available personnel to serve as Employees, Directors or Consultants; to provide additional incentives to Employees, Directors and Consultants to contribute to the successful performance of the Company and any Related Entity; to promote the growth of the market value of the Company’s Common Stock; to align the interests of Participants with those of the Company’s shareholders; and to promote the success of the Company’s business.
2. Definitions. The following definitions will apply as used herein and in all individual Award Agreements except as a term may be otherwise defined in an individual Award Agreement. In the event a term is separately defined in an individual Award Agreement, such definition will supersede the definition contained in this Section 2.
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