The QNB Bank Retirement Savings Plan provides for elective employee contributions up to the maximum allowed by the IRS and a matching company contribution limited to 3%. In addition, the plan provides for safe harbor non-elective contributions of 5% of total compensation by QNB. QNB contributed a matching contribution of $340,000, $340,000 and $309,000 for the years ended December 31, 2021, 2020, and 2019, respectively, and a safe harbor contribution of $608,000 for 2021, $608,000 for 2020, and $533,000 for 2019.

QNB’s Employee Stock Purchase Plan (the Plan) offers eligible employees an opportunity to purchase shares of QNB Corp. common stock at a 10% discount from the lesser of fair market value on the first or last day of each offering period (as defined by the Plan). At the 2016 Annual Meeting, shareholders approved the 2016 Employee Stock Purchase Plan (the 2016 Plan), which authorizes the issuance of 30,000 shares. As of May 31, 2021, 18,792 shares were issued under the 2016 Plan. The 2016 Plan expired on May 31, 2021. At the 2021 Annual Meeting, shareholders approved the 2021 Employee Stock Purchase Plan (the 2021 Plan), which authorizes the issuance of 30,000 shares. As of December 31, 2021, 2,162 shares were issued under the 2021 Plan. The 2021 Plan expires May 31, 2026.

Year ended December 31,	2021		2020		2019
Shares		4,906		5,723		3,310
Price per share	$27.36 and $32.29		$25.52 and $25.56		$33.53