Item 1.01 Entry into a Material Definitive Agreement
On
The term of the Agreement commences as of the date the individual executed the Agreement and continues for a period of thirty-six (36) full calendar months thereafter. The Bank's board of directors (the "Board") may extend the agreement for an additional year commencing on the first anniversary date of the Agreement and continuing at each date thereafter. Under the terms of the Agreement, the executives (or their heirs or assigns) will receive severance pay in the amount of three times the executive's annual compensation upon the occurrence of a Change in Control (as defined in the Agreement), followed within twelve (12) months of the effective date of a Change in Control by the voluntary or involuntary termination of the executive's employment, other than termination for cause. The Board may terminate the executive's employment at any time, but any termination by the Board, other than for termination for cause (as defined in the Agreement), does not prejudice the executive's right to receive compensation under the Agreement.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits 1.1 Change in Control Agreement by and betweenFirst Harrison Bank ,First Capital, Inc. andJennifer Incantalupo 1.2 Change in Control Agreement by and betweenFirst Harrison Bank ,First Capital, Inc. andJoe Mahuron 1.3 Change in Control Agreement by and betweenFirst Harrison Bank ,First Capital, Inc. andJennifer Meredith 1.4 Amended and Restated Change in Control Agreement by and betweenFirst Harrison Bank ,First Capital, Inc. andChris Frederick 1.5 Amended and Restated Change in Control Agreement by and betweenFirst Harrison Bank ,First Capital, Inc. andWilliam W. Harrod 1.6 Change in Control Agreement by and betweenFirst Harrison Bank ,First Capital, Inc. andJoshua P. Stevens 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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