National Bankshares enters employment agreements with three executives

NATIONAL BANKSHARES INC

Base salaries set at $190,000 for COO Ramsey, $165,000 for CFO Jones, $190,600 for CCO Sanders.
Initial two-year term with automatic one-year renewals unless notice given.
Termination without cause or for good reason: Ramsey gets 24 months' salary/benefits; Jones and Sanders get 6 months.
Change-in-control severance: Ramsey and Jones receive 2.99x bonus; Sanders receives 1.50x.
Agreements include 12-month noncompete/nonsolicitation and clawback provisions.

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