Shore Bancshares Announces New Change-in-Control Severance Plan for Executives
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Shore Bancshares Inc. has announced a new Change in Control Severance Plan for its executives, including President and CEO James M. Burke, EVP and CFO Charles S. Cullum, and EVP and COO Donna J. Stevens. The plan offers lump sum severance payments and health insurance coverage in case of a qualifying termination post-change in control. It also includes non-competition and non-solicitation agreements for the executives. This plan replaces previous arrangements.
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