Sierra Bancorp (ticker BSRR) established a Director Emeritus position and adopted a Retirement Plan for Directors Emeritus on July 23, 2026, effective immediately. Under the plan, eligible non-employee directors who voluntarily retire after meeting a minimum service period and sign a Director Emeritus Agreement can receive annual retirement benefits equal to 50% of their prior year's cash retainer for three years. The Board or a designated committee will administer the plan.
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