NEW PEOPLES BANKSHARES, INC. FORM OF NON-EMPLOYEE DIRECTOR NON-QUALIFIED STOCK OPTION AGREEMENTNon-Qualified Stock Option Agreement • November 30th, 2004 • New Peoples Bankshares Inc • State commercial banks • Virginia
THIS AGREEMENT dated as of , between New Peoples Bankshares, Inc., a Virginia corporation (the “Company”), and (the “Optionee”), is made pursuant and subject to the provisions of the Company’s 2001 Incentive Plan, as amended from time to time (the “Plan”). All terms used herein that are defined in the Plan shall have the same meanings given them in the Plan.
NEW PEOPLES BANKSHARES, INC. FORM OF INCENTIVE STOCK OPTION AGREEMENTForm of Incentive Stock Option Agreement • November 30th, 2004 • New Peoples Bankshares Inc • State commercial banks • Virginia
THIS AGREEMENT dated as of the day of , 200 , between NEW PEOPLES BANKSHARES, INC., a Virginia corporation (the “Company”), and (“Optionee”), is made pursuant and subject to the provisions of the Company’s 2001 Stock Option Plan (the “Plan”). All terms used herein that are defined in the Plan have the same meaning given them in the Plan.
