EBMT enters CEO Clark new employment agreement; base salary $372K, 3x change-in-control

Eagle Bancorp Montana, Inc.

New employment agreement with CEO Laura F. Clark effective May 25, 2023; base salary $372,000; 3-year term with auto-renewal.
Change-in-control benefit: lump sum equal to 3x salary plus prior year cash bonus; excise tax gross-up up to $500K legal fees.
Severance on termination w/o cause or for good reason: 12 months salary plus COBRA reimbursement.
CFO Miranda J. Spaulding entered salary continuation agreement (Oct 2022): $95,000 annual retirement benefit starting at age 65.

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