First Internet Bancorp enters exec employment agreements with Lorch, Lovik; amends Becker pact

First Internet Bancorp

Employment agreements for President/COO Nicole Lorch ($470K salary) and CFO Kenneth Lovik ($350K) thru Dec 2024.
Agreements auto-renew for one-year terms; severance includes salary continuation up to 24 months and COBRA.
CEO David Becker's pact amended to eliminate President requirement, reflecting Lorch assuming that role in 2021.
Severance for Lorch and Lovik tied to release of claims and compliance with non-compete and non-solicitation.
Agreements provide for change-in-control benefits including 24-month salary and extended COBRA (18 months).

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