Customers Bancorp adopts new SERP for EVP Samvir Sidhu with $600k annual benefit

Customers Bancorp, Inc.

New SERP replaces prior plan; provides $50K/month ($600K/yr) lifetime benefit upon Normal Retirement Age (65).
Early Termination and Disability benefits vest 20% after 6 years, fully after 10 years.
Change-in-Control benefit: full vesting if terminated within 12 months post-CIC.
Includes noncompete/non-solicit covenants and clawback/recoupment provisions.

item 5.02item 9.01

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