First Financial Corp enters new CEO employment agreement with Norman Lowery; base salary $698,987

FIRST FINANCIAL CORP /IN/

New 24-month employment agreement effective July 1, 2026 for President/CEO Norman D. Lowery.
Base salary of $698,987 per year; target annual bonus of 60% of base salary.
Long-term incentive target grant value of 80% of base salary annually.
Change-in-control severance: 2.99 times sum of base salary and prior year bonus plus 3 years benefits.
Non-compete within 75-mile radius of Terre Haute for one year post-termination.

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