Peoples Bancorp enters employment agreement with CFO Hooper

PEOPLES BANCORP OF NORTH CAROLINA INC

36-month initial term, effective August 19, 2021; auto-renewal annually unless notice given.
Base salary of at least $189,625 per year; eligible for incentive, retirement, and welfare plans.
Severance: if terminated without cause or for good reason, lump sum of base salary for remaining term plus pro-rata bonus.
Agreement includes non-compete and non-solicitation covenants following termination.
Termination for cause, death, or disability triggers Accrued Obligations only.

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