GLACIER BANCORP INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
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Item 9B. Other Information
(a). The Company entered into amended and restated employment agreements with Ryan Screnar and Lee Groom, effective as of February 20, 2025 (each, an "Executive"). In each case, the current agreements were amended to provide that any bonus payable on certain employment terminations related to a Change in Control of the Company, as defined in the agreements, will be calculated based on two times the sum of (a) Executive’s annualized base salary at the time of the termination and (b) the greater of (i) the full amount of the cash bonus earned by the Executive in the prior calendar year or (ii) the full amount of the target cash bonus that would be paid or payable in the year in which the termination occurs as if Executive and the Company had met all applicable financial goals. The original agreements had based the calculation on two times the Executive’s prior year’s W-2 income. The terms of each Executive’s employment agreement are otherwise unchanged. The amended and restated employment agreements for each Executive are filed as Exhibits [10(l)] and [10(m)] to this Annual Report on Form 10-K.
(b). None
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