TIMBERLAND BANCORP INC: Change of Directors or Principal Officers, Financial Statements and Schedules (Form 8-K)
Article 5.02 Departure of directors or certain officers; Election of directors; Appointment of certain leaders; Compensatory provisions of certain executives
(e) Compensatory provisions for certain executives – Employment contract
On
As part of the employment contract,
The contract can be terminated by
The employment contract also provides for severance pay and other benefits if
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Revenue Code (“Code”) determined at the effective time of the Change of Control Event (generally, “Base Amount” means the average of
The provisions of this agreement are also subject to the Company’s clawback policy.
The agreement also includes a non-competition clause which limits
The agreement also includes confidentiality restrictions.
The foregoing description of the Contract of Employment does not purport to be complete and is qualified in its entirety by reference to the Form of Contract of Employment, a copy of which is provided as Exhibit 10.1 and is incorporated herein by reference.
Section 9.01. Financial statements and supporting documents
(d) Exhibits
The following parts are provided herewith and this list will constitute the parts index:
10.1 Employment contract with
2
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