leadership
confidence high
sentiment neutral
materiality 0.30
First Northern Bancorp signs CFO Spink employment agreement; base salary $301,764
FIRST NORTHERN COMMUNITY BANCORP
- Annual base salary of $301,764; one-year term renews automatically unless notice given.
- Change-of-control termination: 200% of base salary plus average of prior 3 years' bonuses.
- Involuntary termination: 100% of base salary plus average of prior 3 years' bonuses.
- No excise tax gross-up payment included in the agreement.