First Western Financial enters employment agreement with CBO Cassell; $300k base salary

First Western Financial Inc

Employment agreement effective June 22, 2023 with Chief Banking Officer Matthew C. Cassell; base salary $300,000.48.
Initial term expires Dec 31, 2023, auto-renews for one-year periods unless 90-day notice given.
Severance: one year's salary plus COBRA for termination without cause or resignation for good reason (non-change-in-control).
Upon qualified change-in-control termination within 24 months: two years' salary, full equity vesting, COBRA benefits.
Non-competition and non-solicitation restrictions apply for 365 days following termination of employment.

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