Generations Bancorp enters employment agreement with CFO Angela Krezmer; base salary $160,160

Generations Bancorp NY, Inc.

Agreement effective September 1, 2021, initial 3-year term with automatic annual renewal.
Base salary of $160,160, reviewed annually; eligible for bonus and benefit plans.
Severance: 1.5x (base + average/highest bonus) on involuntary termination for other than cause.
Change-in-control severance: 3x highest base salary plus 3x highest cash bonus, plus 36 months benefits.

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