Orrstown Financial Services Inc. has announced a new Deferred Compensation Agreement for its Executive Vice President and Chief Financial Officer, Neelesh Kalani, aimed at providing potential retirement benefits. As part of this agreement, Orrstown Bank will contribute $78,663 annually to a deferral account for Kalani, contingent upon the company's Return on Average Tangible Equity meeting at least 8.00%. This contribution will continue until the earliest of several conditions, including separation from service, disability, normal retirement age, or Kalani's death. The agreement specifies that benefits will be forfeited if Kalani's employment is terminated for cause. Upon retirement or in cases of early termination or disability, the total benefit will be the deferral account balance. If a change in control occurs before Kalani reaches retirement age, the balance will be paid in 180 monthly installments, accruing interest at four percent.