ECB Bancorp adopts deferred compensation plan for CFO Brandon Lavertu

ECB Bancorp, Inc. /MD/

Plan provides annual contributions up to 10% of base salary and cash bonus based on prior-year performance.
Vesting schedule: 0% for first 4 years, then graded 20% per year to 100% at 8 years.
Full vesting on death, disability, or change in control of Company or Bank.
Benefits paid over 10 years after normal retirement age (65); lump sum upon death or within 6 months after change in control.
Plan is unfunded and unsecured; liability solely from general assets of Bank.

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