VWF Bancorp appoints Michael D. Cahill as President & CEO, effective Jan 1, 2023

VWF Bancorp, Inc.

Cahill will serve as consultant from Oct 1 to Dec 31, 2022 at $15,000/month, then become CEO on Jan 1, 2023.
Employment agreement: base salary $185K (2023), $200K (2024), $215K (2025) with annual reviews and bonus eligibility.
Severance: if terminated without cause (not in change of control), lump sum equals remaining base salary plus average bonus.
Change-in-control termination: lump sum equals 3x base salary plus highest bonus in last 3 years, plus COBRA.
Post-termination non-compete and non-solicitation for one year applies.

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