0001654954-24-012142 Sample Contracts

AMENDED AND RESTATED EMPLOYMENT AGREEMENT
Employment Agreement • September 20th, 2024 • Peoples Bancorp of North Carolina Inc • State commercial banks • North Carolina

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (this “Agreement”) is made and entered into effective as of the 19th day of September, 2024, by and among Peoples Bancorp of North Carolina, Inc., a North Carolina corporation (“Bancorp”), Peoples Bank, a North Carolina chartered commercial bank (the “Bank”) (Bancorp and the Bank are collectively referred to as the “Employer”), and William D. Cable, Sr. (“Executive”).

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SECOND AMENDMENT TO AMENDED AND RESTATED EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • September 20th, 2024 • Peoples Bancorp of North Carolina Inc • State commercial banks

THIS SECOND AMENDMENT, made and entered into this 19th day of September, 2024, by and between Peoples Bank, a Bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as “the Bank”, and William D. Cable, Sr., a Key Employee and Executive of the Bank, hereinafter referred to as “the Executive”.

FIRST AMENDMENT TO EXECUTIVE SALARY CONTINUATION AGREEMENT
Executive Salary Continuation Agreement • September 20th, 2024 • Peoples Bancorp of North Carolina Inc • State commercial banks

THIS FIRST AMENDMENT, made and entered into this 19th day of September, 2024 by and between Peoples Bank, a Bank organized and existing under the laws of the State of North Carolina, hereinafter referred to as “the Bank”, and Jeffrey N. Hooper, a key employee and Executive of the Bank, hereinafter referred to as “the Executive”.

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