First Financial Corp signs employment agreements with CFO, CCO, CLO; base salaries set

FIRST FINANCIAL CORP /IN/

McHargue (CFO) base salary $360K; Panagouleas (CCO) $295K; Franklin (CLO) $296,928; effective Jan/Jul 2024.
Initial 24-month term through June 30, 2026; can be extended annually at compensation committee discretion.
Termination without cause or for good reason entitles executive to base salary and bonuses through end of term.
Post-change-in-control severance: 2x base salary plus prior-year bonus plus 2-year benefit reimbursement.
Non-compete radius 75 miles from Terre Haute (McHargue, Panagouleas) or Bloomington (Franklin), reduced to 50 miles for certain terminations.

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