Orange County Bancorp enters new employment agreements with CEO Gilfeather and EVP Ruhl

Orange County Bancorp, Inc. /DE/

CEO Gilfeather: new base salary $670k; retention cash bonuses of $375k (2026) and $125k (2027).
CEO target bonus: 40% of base (AIP) and 50% of base (LTIP); annual SERP contribution opportunity $260k.
EVP Ruhl: base salary $335k; target bonus commensurate with similarly situated executives.
CEO term through March 2027, auto-extends to 2028; EVP term through Dec 2025, auto-renews.
Both agreements include change-of-control severance multiples (3x CEO, 2x EVP) and non-compete covenants.

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