EX-10.1 2
from 10-K
7 pages
Severance Policy Effective Date: June 14, 2024 Page 1 of 6 Version: 2022_01 Objective the Bank Provides for Payment of Severance Benefits to Eligible Employees Upon Involuntary Termination of Employment. Policy Eligibility Employees Involuntarily Terminated From Employment as Described in the Definition of Eligible Employee Set Forth Below. Notification Employees Are Provided a Minimum of Two Weeks’ Notice in the Event of the Termination of Their Employment. the Bank May, at Its Discretion, Provide Salary Continuation in Lieu of Notice. Separation and Release Agreement the Bank Will Require a Signed Separation and Release Agreement Between the Bank and the Employee Relative to Any Salary, Benefits or Services Offered Through This Policy. the Agreement Includes a Description of the Severance Benefits and Provides a General Release by the Employee for Any Claims Against the Bank Relative to the Separation Action as Well as Any Other Claims Relating to Employment With the Bank. Payments and Benefits Provided Salary Continuation the Salary Continuation Benefit Reflects the Employee's Current Salary, Position and Length of Bank Service. the Benefit Is Calculated as Follows: • Leadership (Executive Committee, Senior Directors, Directors and Analyst 7) 1 • 4 Weeks Base Salary Per Year of Service • 26-Week Minimum • 52-Week Maximum • Employees (Analyst 4 and Above) 1 This Also Includes Any Employee Who Has Ever Been Subject to a Deferral of Compensation Under Such Plan or the Chief Internal Auditor Incentive Compensation Plan
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EX-10.1
from 10-Q
20 pages
Amended and Restated Effective June 26, 2007 Revised September 26, 2007, December 19, 2008, December 18, 2009, October 26, 2012, March 26, 2015, and June 21, 2019
12/34/56