Colony Bankcorp enters new employment agreement with President Dallis Copeland; $365K salary

COLONY BANKCORP INC

Two-year term effective Sept 13, 2024, replaces September 2022 agreement.
Base salary of $365,000 per year with annual bonus opportunity based on performance goals.
Change-in-control severance: 1.5x (base salary plus prior year bonus) in lump sum within 30 days.
Non-change-in-control severance: 1x base salary paid over 12 months; subject to release and restrictive covenants.
Non-compete and non-solicitation covenants apply during employment and for at least 12 months post-termination.

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