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USCB Bank amends change in control agreement with EVP/CLO Bustle; term to Dec 2028
USCB FINANCIAL HOLDINGS, INC.
- Lump sum payment of 1.0x annual base salary upon change in control, paid within 30 days.
- Payment not contingent on continued employment after change in control.
- Initial term through Dec 31, 2028; one-year extensions subject to board approval from Dec 31, 2026.
- Similar amended agreement signed with EVP/CCO William Turner; others anticipated.
- Replaces prior change in control agreement dated May 17, 2019.