PCB Bancorp renews CEO Henry H. Kim's contract with $550K base salary, 25K share grant

PCB BANCORP

PCB Bancorp amended CEO Henry H. Kim's employment agreement, effective Jan 1, 2027, through Dec 31, 2031.
Base salary set at $550,000; eligible for annual cash bonus ranging from 0% to 100% of base salary.
Grant of 25,000 restricted shares vests in 5 equal annual installments of 5,000 shares through Dec 31, 2031.
Severance: 100% of salary if terminated for cause or resignation; 150% if terminated without cause; 200% on change-in-control separation, plus 12 months COBRA.
Perquisites include $3,000/month auto allowance (or company car) and 25 days of paid time off per year.

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