Muncy Columbia extends CEO Diehl's post-termination health benefit period from 5 to 10 years

MUNCY COLUMBIA FINANCIAL Corp

Amendment to CEO Lance O. Diehl's employment agreement extends post-termination health/medical insurance coverage from 5 to 10 years.
Benefit includes health, dental, vision coverage for Diehl and spouse, with tax gross-up payments at highest marginal rate.
Benefit continues through 10 years even if Diehl predeceases spouse; Medicare enrollment required at age 65 with cost reimbursement.
Amendment approved by boards of Muncy Columbia Financial Corporation and Journey Bank on Dec. 19, 2023.

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