Hanover Bancorp enters into 3-year employment agreement with CFO Lance Burke

Hanover Bancorp, Inc. /MD

Lance Burke, CFO, gets $350k base salary, $800/mo auto allowance, subject to annual review.
Employment term is 3 years, automatically renews annually unless 90-120 day notice given.
Severance without cause: lump sum of base salary + highest bonus in 3 years + annual auto allowance, plus 1yr benefits.
Change in control: severance 2x the same components, plus 2yr benefits, subject to 280G adjustment.

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