First United boosts CEO Rush's change-in-control severance to 2.99x from 2.0x

FIRST UNITED CORP/MD/

CEO Jason B. Rush's severance multiplier increased from 2.0x to 2.99x Final Pay under amended agreement.
Agreement automatically renews for one-year terms unless company provides 6 months' advance notice.
Other severance benefits unchanged: equity vesting, welfare benefit continuation, outplacement services.
Benefits subject to excise tax reduction under Section 280G and require signed release within 60 days.

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