Mid Penn Bancorp finalizes change in control agreement for COO Dana Stewart

MID PENN BANCORP INC

Agreement provides severance of 2.25x highest annual base salary if terminated within 12 months after a change in control.
Also includes 27 months of continued medical/dental/vision coverage or cash equivalent.
Non-solicitation covenants: 12 months for employees, 6 months for customers if terminated without cause; 12 months for both if terminated for cause.
Agreement has three-year term with automatic annual renewals, and a double-trigger requiring both change in control and qualifying termination.

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