Central Plains Bancshares' subsidiary, Home Federal Savings and Loan Association of Grand Island, has entered into a change-in-control agreement with its Executive Vice President and Chief Financial Officer, Bradley M. Kool. The agreement has an initial three-year term and automatically extends for two years if a change in control occurs during that period. If Kool is terminated without cause or resigns for good reason after a change in control, he will receive a lump-sum severance of three times the sum of his highest base salary and annual cash bonus from the previous four years, plus up to 18 months of COBRA premium reimbursement.
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