Company: UBCP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0001104659-25-023904
Chunk: 31

Company: UNITED BANCORP INC /OH/
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 31
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 Program. To date, 301,790 shares have been granted under the 2018 Plan.

31

Unvested shares under both the 2008 and 2018 Plans are entitled to receive dividends and may be voted on matters requiring shareholder approval by the respective participants. Employment Contracts and Payments upon Retirement, Termination or
“Change in Control” The Corporation has entered into change-in-control agreements with Messrs. Everson, Branstetter and Greenwood. The agreements provide that Mr. Scott A. Everson, Mr. Matthew F. Branstetter and Mr. Randall M. Greenwood will be entitled to a lump sum severance benefit in the event of their involuntary termination of employment (other than for cause) following a “change in control” of the Corporation, as defined in the Agreements. In the event of a change in control and the involuntary termination of employment, the agreements provide that: Mr. Scott A. Everson will receive a lump sum cash payment equal to 2.99 times his respective annual compensation; and Mr. Branstetter and Mr. Greenwood would receive a lump sum cash payment equal to 2.0 times their annual compensation. The material terms of the Corporation’s defined benefit pension plan, its 401(k) and Employee Stock Ownership Plan, and the split-dollar life insurance arrangements maintained with respect to its executive officers and certain directors are discussed in the section of this proxy statement captioned “Compensation Overview.” In addition, the material terms of the Corporation’s Deferred Compensation Plan, in which certain Directors and Named Executive Officers may participate, are discussed below.

<div align='center'>**Pay-Versus-Performance Table**</div>

| Year | ​ | ​ | SummaryCompensationTable Total forPEO($)(1) |   |         |   | ​ | ​ | CompensationActually Paidto PEO($) |   |         |   | ​ | ​ | AverageSummaryCompensationTable Total forNon-PEONEOs($) |   |         |   | ​ | ​ | AverageCompensationActually Paidto Non-PEONEOs($) |   |         |   | ​ | ​ | Value ofInitial Fixed$100 InvestmentBased On TotalShareholderReturn($) |   |        |   | ​ | ​ | Net Income($)(000’s) |   |       |   | ​ |
| 2024 | ​ | ​ | ​                                           | ​ | 940,030 | ​ | ​ | ​ | ​                                  | ​ | 980,655 | ​