Parkway Acquisition Corp. enters amended change-in-control agreements with three executives

Skyline Bankshares, Inc.

Amended change-in-control agreements signed with EVP/CFO Lorina C. Vaught, EVP/CRBO Beth R. Worrell, and EVP/Regional Pres. Jonathan L. Kruckow.
Severance: one times base salary for Kruckow and Vaught; two times for Worrell, if terminated w/o cause or for good reason within 12 months post-change-in-control.
Agreement term expires Dec 31, 2023, with automatic annual renewals unless either party gives 90-day non-renewal notice.
Restrictive covenants include 12-month non-compete and non-solicitation obligations after termination.

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