EXHIBIT 10.7
ODNB Financial Corp
Exhibit 10.7
**ODNB FINANCIAL CORPORATION AMENDED AND **
RESTATED 2014 STOCK PLAN
THIS ODNB FINANCIAL CORPORATION AMENDED AND RESTATED 2014 STOCK PLAN is made effective on the 26th day of May, 2022.
WHEREAS, Old Dominion National Bank (the “Bank”) formed and sponsored the Old Dominion National Bank 2014 Stock Plan effective February 20, 2014 (the “Bank Plan”) in order to attract, retain and motivate key employees through stock ownership and to align the interests among directors, key employees and other shareholders; and
WHEREAS, effective July 1, 2022 the Bank and ODNB Financial Corporation (the “Company”) consummated a corporate reorganization pursuant to which the Bank became a wholly-owned subsidiary of the Company, and each shareholder of the Bank became a shareholder of the Company with the same proportionate interest as such shareholder previously had in the Bank (the “Reorganization”); and
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