First Financial Secures Leadership Team with New Contracts

First Financial Indiana (THFF) just unveiled an announcement.

First Financial Corporation has secured its top executive team with new employment agreements, offering a stable leadership horizon for investors. The contracts ensure the continued service of senior vice presidents Rodger A. McHargue, Stephen P. Panagouleas, and Mark A. Franklin for at least two years, with the possibility of yearly extensions. These agreements include competitive salaries, bonus opportunities, and comprehensive benefits, and set clear terms for severance in various termination scenarios, including a change in control. Additionally, the executives are bound by confidentiality and non-compete clauses, further protecting the company’s interests.

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