QNB Corp. amends stock incentive plan and adopts director compensation plan effective Jan 1, 2023

QNB CORP.

Maximum option term increased from 5 to 10 years; options vest 20% annually over 5 years.
Non-employee directors must receive $8,000 of annual comp in stock via semi-annual grants of $4,000 worth of common stock.
Plan amendments effective Jan 1, 2023; do not affect prior awards without participant consent.
Up to 50,000 shares may be issued under the director compensation plan.

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