Orrstown enters salary continuation agreement with COO Kauffman ($357K/yr) and amends CEO Quinn's benefit

ORRSTOWN FINANCIAL SERVICES INC

New agreement for EVP/COO Craig L. Kauffman provides annual retirement benefit of $357,260 payable in monthly installments over 15 years.
Amendment for CEO Thomas R. Quinn, Jr. increases his annual benefit by 0.3274% per month for each full month past his normal retirement age (65, reached April 2024), up to 60 months.
Benefits are triggered by retirement, disability, change in control, or death; forfeiture for cause or competition.

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