other
confidence medium
sentiment neutral
materiality 0.20
First Commonwealth amends NQDC plan, adds age 55/62 payout options for non-elective contributions
FIRST COMMONWEALTH FINANCIAL CORP /PA/
- Compensation Committee approved amendments to NQDC Plan on October 25, 2021.
- Participants may elect payment of non-elective contributions at later of termination or age 55 or 62.
- Distributions can be lump sum or installments under amended plan terms.