0000796534-09-000007 Sample Contracts

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”).

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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”).

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”).

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”).

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