Base Salaries of Named Executive Officers
EX-10.8 2 dex108.htm BASE SALARIES OF NAMED EXECUTIVE OFFICERS Base Salaries of Named Executive Officers
Exhibit 10.8
Base Salaries of Named Executive Officers
Effective January 1, 2005, the following are the base salaries of the named executive officers (as defined in Item 402(a)(3) of Regulation S-K) of New Peoples Bankshares, Inc. for 2005:
| Kenneth D. Hart | $ | 181,500 | |
| President & Chief Executive Officer | |||
| Frank Sexton, Jr. | $ | 110,250 | |
| Executive Vice President and Chief Operating Officer | |||
