National Bankshares Inc Sample Contracts

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FORM OF DIRECTOR'S COMPENSATION AGREEMENT ---------------------------------
Compensation Agreement • December 13th, 1995 • National Bankshares Inc • National commercial banks • Virginia
RECITALS
Change in Control Agreement • March 31st, 2003 • National Bankshares Inc • National commercial banks • Virginia
FIRST AMENDMENT TO THE NATIONAL BANK OF BLACKSBURG SALARY CONTINUATION AGREEMENT DATED FEBRUARY 8, 2006 FOR JAMES G. RAKES
Continuation Agreement • December 19th, 2007 • National Bankshares Inc • National commercial banks

THIS FIRST AMENDMENT is adopted this _19th__ day of December____, 200_7_, effective as of January 1, 2006, by and between THE NATIONAL BANK OF BLACKSBURG, a nationally-chartered commercial bank located in Blacksburg, Virginia (the “Bank”), and JAMES G. RAKES (the “Executive”).

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • October 11th, 2023 • National Bankshares Inc • National commercial banks • Virginia

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 11th day of October, 2023 and effective October 11, 2023 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”), and Lara E. Ramsey (the “Executive”).

AMENDED AND RESTATED EXECUTIVE EMPLOYMENTAGREEMENT
Executive Employmentagreement • March 11th, 2015 • National Bankshares Inc • National commercial banks • Virginia

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 11th day of March, 2015 and effective January 1, 2015 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”), and James G. Rakes (the “Executive”).

EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 16th, 2009 • National Bankshares Inc • National commercial banks • Virginia

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”), dated as of this 17th day of December, 2008 and effective December 31, 2008 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”), and F. Brad Denardo (the “Executive”).

THIRD AMENDMENT TO THE NATIONAL BANK OF BLACKSBURG SALARY CONTINUATION AGREEMENT DATED FEBRUARY 8, 2006 FOR
Continuation Agreement • March 16th, 2009 • National Bankshares Inc • National commercial banks

THIS THIRD AMENDMENT is adopted this 17th day of December, 2008, effective as of January 1, 2006, by and between THE NATIONAL BANK OF BLACKSBURG, a nationally-chartered commercial bank located in Blacksburg, Virginia (the “Bank”), and F. BRAD DENARDO (the “Executive”).

THE NATIONAL BANK OF BLACKSBURG SALARY CONTINUATION AGREEMENT
Continuation Agreement • August 20th, 2021 • National Bankshares Inc • National commercial banks • Virginia

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 8th day of February, 2006, by and between THE NATIONAL BANK OF BLACKSBURG, a nationally-chartered commercial bank located in Blacksburg, Virginia (the “Bank”) and DAVID K. SKEENS (the “Executive”).

FIRST AMENDMENT TO BANK OF TAZEWELL COUNTY SALARY CONTINUATION AGREEMENT DATED FEBRUARY 8, 2006 FOR
Continuation Agreement • December 19th, 2007 • National Bankshares Inc • National commercial banks

THIS FIRST AMENDMENT is adopted this _19th__ day of _ December____, 200_7_, effective as of January 1, 2006, by and between THE NATIONAL BANK OF BLACKSBURG, a nationally-chartered commercial bank located in Blacksburg, Virginia, successor in interest by merger to BANK OF TAZEWELL COUNTY (the “Bank”), and J. ROBERT BUCHANAN (the “Executive”).

NATIONAL BANKSHARES, INC. SALARY CONTINUATION AGREEMENT
Continuation Agreement • August 20th, 2021 • National Bankshares Inc • National commercial banks • Virginia

THIS SALARY CONTINUATION AGREEMENT (the “Agreement”) is adopted this 8th day of February, 2006, by and between NATIONAL BANKSHARES, INC., a Virginia corporation located in Blacksburg, Virginia (the “Corporation”) and LARA E. RAMSEY (the “Executive”).

FIRST AMENDMENT TO NATIONAL BANKSHARES, INC. SALARY CONTINUATION AGREEMENT DATED FEBRUARY 8, 2006 FOR MARILYN A.B. BUHYOFF
Continuation Agreement • December 19th, 2007 • National Bankshares Inc • National commercial banks

THIS FIRST AMENDMENT is adopted this _19th__ day of __December__, 200_7_, effective as of January 1, 2006, by and between NATIONAL BANKSHARES, INC., a Virginia corporation located in Blacksburg, Virginia (the “Corporation”), and MARILYN A.B. BUHYOFF (the “Executive”).

THE NATIONAL BANK OF BLACKSBURG SALARY CONTINUATION AGREEMENT
Salary Continuation Agreement • August 20th, 2021 • National Bankshares Inc • National commercial banks • Virginia

This Salary Continuation Agreement (the “Agreement”) by and between The National Bank of Blacksburg, a nationally-chartered commercial bank located in Blacksburg, Virginia (hereinafter referred to as the “Employer”), and Paul Mylum (hereinafter referred to as the “Executive”), made as of the 24th day of May, 2013, formalizes the agreements and understanding between the Employer and the Executive.

AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • March 16th, 2009 • National Bankshares Inc • National commercial banks • Virginia

THIS AMENDED AND RESTATED EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”), dated as of this 17th day of December, 2008 and effective December 31, 2008 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”), and James G. Rakes (the “Executive”).

Salary continuation Agreement
Salary Continuation Agreement • March 8th, 2018 • National Bankshares Inc • National commercial banks • Virginia

This Salary Continuation Agreement (the “Agreement”) by and between The National Bank of Blacksburg, a nationally-chartered commercial bank located in Blacksburg, Virginia (hereinafter referred to as the “Employer”), and Paul Mylum (hereinafter referred to as the “Executive”), made as of the 24 day of May, 2013, formalizes the agreements and understanding between the Employer and the Executive.

SECOND AMENDMENT TO NATIONAL BANKSHARES, INC. SALARY CONTINUATION AGREEMENT DATED FEBRUARY 8, 2006 FOR MARILYN A. B. BUHYOFF
Continuation Agreement • March 16th, 2009 • National Bankshares Inc • National commercial banks

THIS THIRD AMENDMENT is adopted this 17th day of December, 2008, effective as of January 1, 2006, by and between NATIONAL BANKSHARES, INC., a Virginia corporation headquartered in Blacksburg, Virginia (the “Company”), and MARILYN A. B. BUHYOFF (the “Executive”).

AGREEMENT AND PLAN OF MERGER by and among NATIONAL BANKSHARES, INC., THE NATIONAL BANK OF BLACKSBURG and FRONTIER COMMUNITY BANK January 23, 2024
Agreement and Plan of Merger • January 24th, 2024 • National Bankshares Inc • National commercial banks • Virginia

THIS AGREEMENT AND PLAN OF MERGER (the “Agreement”) is made and entered into as of January 23, 2024, by and among National Bankshares, Inc., a Virginia corporation (“Parent”), The National Bank of Blacksburg, a national banking association and wholly-owned subsidiary of Parent (“NBB”), and Frontier Community Bank, a Virginia banking corporation (“FCB”).

ADVISORY SERVICES AGREEMENT
Advisory Services Agreement • August 14th, 2024 • National Bankshares Inc • National commercial banks • Virginia

THIS ADVISORY SERVICES AGREEMENT (this “Agreement”) is entered into by and between Alan J. Sweet (the “Consultant”) and National Bankshares, Inc. (the “Company”) as of June 1, 2024, to be effective immediately following the Effective Time (as defined in the Agreement and Plan of Merger, dated January 23, 2024 (the “Merger Agreement”), by and among the Company, The National Bank of Blacksburg, the Company’s wholly-owned bank subsidiary (the “Bank”) and Frontier Community Bank) (the “Effective Date”). If the Effective Time does not occur, this Agreement shall be null and void ab initio and of no further force and effect.

FORM OF SUPPORT AND NON-COMPETITION AGREEMENT
Form of Support and Non-Competition Agreement • January 24th, 2024 • National Bankshares Inc • National commercial banks • Virginia

THIS SUPPORT AND NON-COMPETITION AGREEMENT (the “Agreement”), dated as of January 23, 2024, is by and among National Bankshares, Inc., a Virginia corporation (“Parent”), Frontier Community Bank, a Virginia banking corporation (“FCB”), and the shareholder of FCB identified on the signature page hereto in such Shareholder’s capacity as a shareholder of FCB (the “Shareholder”). Capitalized terms used and not defined herein and defined in the Merger Agreement shall have the meaning ascribed to them in the Merger Agreement (such term as defined herein).

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EXECUTIVE EMPLOYMENT AGREEMENT
Executive Employment Agreement • October 11th, 2023 • National Bankshares Inc • National commercial banks • Virginia

THIS EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is entered into as of this 11th day of October, 2023 and effective October 11, 2023 (the “Effective Date”), by and between National Bankshares, Inc., a Virginia corporation (the “Company”) and its wholly owned subsidiary, The National Bank of Blacksburg, a national banking association (the “Bank”), and Bobby D. Sanders, II (the “Executive”).

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