leadership
confidence high
sentiment neutral
materiality 0.45
Orrstown Bank enters deferred comp agreement with CFO Neelesh Kalani
ORRSTOWN FINANCIAL SERVICES INC
- Annual contribution of $78,663 to deferral account if ROATE >= 8%.
- Accumulation interest tied to ROATE (0-15%); distribution interest at 4%.
- Death benefit floor of $2,260,885 if company owns life insurance.
- Payable in 180 monthly installments starting at Normal Retirement Age or earlier events.
item 5.02item 9.01