Timberland Bancorp enters three-year employment agreement with President/CFO Brydon

TIMBERLAND BANCORP INC

Three-year initial term with automatic one-year extensions subject to board approval.
Base salary not less than current level; eligible for performance and discretionary bonuses.
Severance on involuntary termination: continuation of salary and benefits for remaining term.
Post-change-in-control severance: lump sum equal to 299% of base amount under IRC §280G.
Six-month noncompete covering counties where Bank operates; clawback policy applies.

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