EX-10.1
from 8-K
4 pages
October 2, 2023 Dear Greg Sigrist: I Am Writing to Confirm Our Offer of Employment as the Executive Vice President, Chief Financial Officer of Pathward, N.A. and Pathward Financial, Inc. (Collectively, “Pathward”). I Know You Will Find This Opportunity Challenging, Rewarding and Enjoyable. This Letter Sets Forth the Terms of Your Offer and a General Description of Some of the Benefits That Will Be Available to You at Pathward
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EX-10.1
from 8-K
6 pages
Executive Severance Pay Policy Purpose Provide Severance Benefits to Eligible Employees Whose Employment With the Meta Financial Group, Inc. and/or Metabank, N.A (“Meta”) Terminates Upon a Qualifying Event. Eligible Employees • Chief Executive Officer (“CEO”), President and Executive Vice Presidents of Meta Who Sit on the Executive Committee • Other Select Employees Identified by the CEO and Approved by the Compensation Committee Qualifying Event • Termination of Employment Without Cause Not Related to a Change in Control • Termination of Employment Without Cause Related to Change in Control Severance Benefits Provision Termination Without Cause Not Related to Change-In-Control Termination Without Cause Related to Change-In-Control CASH Severance Multiple •ceo = 2.0x Salary and 2.0x Target CASH Bonus •other Eligible Employees = 1.0x Salary and 1.0x Target CASH Bonus <= Same as Health Benefit Continuation (CASH Payment Based on Cobra Premiums) •ceo = 2 Years •other Eligible Employees = 1 Year <= Same as Treatment of Unvested Equity for Termination Without Cause •forfeiture if Termination if Within 6 Months of the Fiscal Year in the Year of Grant; Otherwise, Continued Vesting •full Vesting (Accelerated) the Term “Severance Benefits” Is Defined to Include the Above. Note: The Omnibus Plan, Performance-Based Restricted Stock Agreements and Performance Share Unit Agreements Specify Equity Treatment Upon Death, Disability, or Retirement. in the Case of Retirement, Unvested Equity for Retirement Is Forfeited if Termination Is Within 6 Months of the Start of the Fiscal Year of the Year of Grant; Otherwise, Continued Vesting. This Policy Does Not Override Any More Favorable Vesting Conditions in the Applicable Award Agreements. Outplacement Services Payment of Up to $10,000 for Employee Outplacement Services Upon Submission of Receipt After Revocation Period
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