Customers Bancorp adopts supplemental retirement plan with USD 50,000 monthly benefit for Samvir Sidhu

Reuters
4 hours ago
Customers Bancorp adopts supplemental retirement plan with USD 50,000 monthly benefit for Samvir Sidhu
  • Customers Bancorp entered into a Supplemental Executive Retirement Plan for Samvir Sidhu that supersedes a prior plan adopted on May 3, 2021.
  • Upon separation from service after reaching normal retirement age, the plan provides a monthly benefit of USD 50,000 for Sidhu’s lifetime.
  • If Sidhu separates from service before normal retirement age for reasons other than death or a change in control, the plan provides a vested early termination benefit paid monthly for life.
  • Following a change in control, the plan provides a monthly lifetime benefit if Sidhu is actively employed at the time and separates from service within 12 months, except for cause.
  • Additional terms include disability and death benefits, and forfeiture of benefits if terminated for cause.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Customers Bancorp Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001488813-26-000041), on March 24, 2026, and is solely responsible for the information contained therein.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10