Muncy Columbia amends exec retirement plans for CEO Diehl and EVP Arnold; updates death benefits, forfeiture

MUNCY COLUMBIA FINANCIAL Corp

CEO Lance Diehl's SERP death benefit replaced with accrued benefit of $419,592; 50-mile non-compete forfeiture added.
EVP Jeffrey Arnold's SERP updated; accrued benefit $582,355; retirement benefit $90,000/yr for 15 years.
Both execs entered 2019 Split Dollar Plan; death benefit up to 350% of base salary, capped at $900,000.
Forfeiture clauses revised; non-compete applies during employment and benefit period, waived after change in control.

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