other material
confidence high
sentiment neutral
materiality 0.30
ACNB Corp amends exec change-in-control pay; CFO/CSO multiple rises to 2.99x
ACNB CORP
- Change-in-control termination multiple increased from 2.0x to 2.99x of agreed compensation for CFO Jason Weber and CSO Brett Fulk.
- Non-solicitation period extended from six months to two years following termination of employment for both executives.
- For Brett Fulk: new limited gross-up for Section 280G excise tax added; prior Section 17 reduction clause eliminated.