First Amendment to Civista Bancshares, Inc. Supplemental Nonqualified Executive Retirement Plan
Civista Bancshares, Inc. has amended its Supplemental Nonqualified Executive Retirement Plan, effective June 6, 2025, to increase the retirement benefit for Charles Parcher from $150,572 to $191,764 per year in recognition of his promotion, and to add Ian Whinnem as a new participant with a benefit of $146,133 per year. All other terms of the plan remain unchanged. The amendment was approved by the Compensation Committee of the Board of Directors.
Exhibit 10.1
FIRST AMENDMENT TO THE CIVISTA BANCSHARES, INC. SUPPLEMENTAL NONQUALIFIED EXECUTIVE RETIREMENT PLAN
Civista Bancshares, Inc. (the “Company”) hereby amends the Civista Bancshares, Inc. Supplemental Nonqualified Executive Retirement Plan (the “Plan) effective as of the date this amendment is approved by the Company’s Compensation Committee of the Board of Directors to increase the age 65 benefit for Charles Parcher in connection with his promotion in January 2025 (increasing from $150,572 to $191,764) and to add Ian Whinnem as a Plan participant. Except as listed below, the Plan terms remain unchanged.
NOW, THEREFORE, the Plan is hereby amended to revise Exhibit A to read as follows:
AMENDED EXHIBIT A TO
CIVISTA BANCSHARES, INC.
SUPPLEMENTAL NONQUALIFIED EXECUTIVE RETIREMENT PLAN
Dated as of June 6, 2025 Accrued Benefit
Participant Name | Full Retirement Age | Accrued Benefit at Full Retirement Age |
Richard J. Dutton | 65 | $165,431 per year for 10 years |
Lance Morrison | 65 | $114,611 per year for 10 years |
Charles Parcher | 65 | $191,764 per year for 10 years |
Dennis Shaffer | 65 | $290,746 per year for 10 years |
Ian Whinnem | 65 | $146,133 per year for 10 years |
COMPENSATION COMMITTEE
Vote on First Amendment SERP June 6, 2025
/s/ Harry Singer
Harry Singer, Chair
/s/ Mark J. Macioce
Mark J. Macioce
/s/ Dennis E. Murray, Jr.
Dennis E. Murray, Jr.
/s/ M. Patricia Oliver
M. Patricia Oliver
/s/ Lorina W. Wise
Lorina W. Wise
/s/ Gerald B. Wurm
Gerald B. Wurm
