SONA Southern National Bancorp of Virginia Inc

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Amended and Restated Employment Agreements

On October 2, 2019, Southern National Bancorp of Virginia, Inc. (the “Company”) entered into an Amended and Restated Employment Agreement with each of Ms. Georgia S. Derrico, Executive Chairman of the Company, and Mr. R. Roderick Porter, Executive Vice Chairman of the Company (each, an “Amended and Restated Employment Agreement”). The Amended and Restated Employment Agreements supersede in their entirety the original employment agreements by and between the Company and each of Ms. Derrico and Mr. Porter, dated as of June 23, 2017 and amended April 28, 2019.

The term of each Amended and Restated Employment Agreement expires December 31, 2020. The Amended and Restated Employment Agreements provide for (i) a base salary of $517,708 for Ms. Derrico and $351,339 for Mr. Porter; (ii) participation in benefit plans, policies and programs as may be maintained, from time to time, by the Company; (iii) a 2019 annual cash bonus, if any, that is no less than the dollar value of the 2019 annual cash bonus received by the Chief Executive Officer of the Company for that period; (iv) reimbursement for any personal tax and estate planning assistance for calendar year 2019, up to a maximum of $5,000 per executive; (v) a car allowance; and (vi) reimbursement for certain club membership dues.

The Amended and Restated Employment Agreements provide that each executive will be a participant in the Southern National Bancorp of Virginia, Inc. Executive Severance Plan (the “Severance Plan”). A description of the material terms of the Severance Plan was included in the Company’s Definitive Proxy Statement on Schedule 14A (File No. 001-33037), as filed with the Securities and Exchange Commission on April 22, 2019, and such description is incorporated herein by reference. If the executive incurs a qualifying termination under the Severance Plan, then, in addition to the severance benefits under the Severance Plan, the executive will be entitled to receive (i) acceleration of vesting of his or her then-outstanding stock options and restricted shares; (ii) continued use of a personal assistant provided by the Company for two years, with such personal assistant’s base salary not to exceed $60,000; and (iii) acceleration of vesting of his or her normal retirement benefit under the Supplemental Retirement Plan Agreement dated as of April 2, 2018. The Amended and Restated Employment Agreements provide that the executive will be deemed to have a qualifying termination under the Severance Plan in the event that, during the term of the Amended and Restated Employment Agreement, the executive’s duties and responsibilities are assumed by another executive (or if the executive is otherwise replaced).

The Amended and Restated Employment Agreements contain customary confidentiality covenants, as well as covenants regarding the non-solicitation of customer and employees and non-competition that apply for twelve months following the executive’s termination of employment.

The foregoing summary of the Amended and Restated Employment Agreements is qualified in its entirety by reference to the Amended and Restated Employment Agreements, complete copies of which are filed herewith as Exhibit 10.1 and Exhibit 10.2 and incorporated herein by reference.