other_material
confidence high
sentiment neutral
materiality 0.35
Home Bancorp enters salary continuation deals for three execs: $125k/year at age 67
HOME BANCORP, INC.
- Salary continuation agreements approved for Mark Herpin, Natalie Lemoine, and John Zollinger.
- Annual benefit of $125,000 for 10 years if employed until age 67; vesting 10% per year over 10 years.
- Early retirement pays vested accrued balance as lump sum; change-in-control triggers greater of accrued or $300,000.
- Agreements substantially identical to existing executive plans except retirement age and vesting schedule.
item 5.02item 9.01