Stock Award Component

Stock Award Component. Shall mean the number of shares of Company Stock awarded to the Executive under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan that are still held by the Executive on December 11, 2009 times 25 percent. For example, on December 11, 2009 the Executive had 100 shares awarded to him under the Atlantic Coast Federal Corporation 2005 Recognition and Retention Plan. For purposes of calculating the Appreciation Benefit, only 25 shares would be counted.