Company: UVSP
Filing Date: 2025-03-14
Form Type: DEF 14A
Source: 0000102212-25-000009
Chunk: 45

Company: UNIVEST FINANCIAL Corp
Filing Date: 2025-03-14
Form: DEF 14A
Chunk 45
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 employment of the Named Executive Officers is terminated subsequent to a "change in control" during the term of the Change in Control Agreements (described on page 21) either by the Corporation for a reason other than "cause" (as defined in the Agreement) or by the Executive after the occurrence of certain specified events constituting "good reason," the Corporation will pay the Named Executive Officer a lump-sum cash payment equal to the sum of (i) two times the highest annual base salary in effect on the date of termination of employment for the current and two preceding calendar years, and (ii) two times the applicable Executive's average cash bonus paid within the current and two calendar years preceding termination of employment. In addition, the applicable Executive will each receive continuation of medical insurance benefits for two years, or a cash payment equal to the cost to obtain such benefits.

The following table provides the amount of compensation payable to the applicable Executive after a "change in control" and assumes the employee is terminated for a reason other than cause (as defined in the Agreement) or the Executive terminates employment after the occurrence of a specified event of "good reason" on December 31, 2024.

| Name                  |     | 2x Multiple of Base Salary ($) |     | 2x Multiple of Cash Bonus ($) |     | Two Years of Medical Insurance Benefits ($) |     | Total  ($) |
| Jeffrey M. Schweitzer |     |                      1,660,000 |     |                       903,426 |     |                                      26,494 |     |  2,589,920 |
| Brian J. Richardson   |     |                        906,000 |     |                       325,349 |     |                                      31,778 |     |  1,263,127 |
| Michael S. Keim       |     |                      1,090,000 |     |                       407,383 |     |                                      13,938 |     |  1,511,321 |
| Megan D. Santana      |     |                        780,000 |     |                       276,527 |     |                                      31,778 |     |  1,088,305 |
| Patrick C. McCormick  |     |                        824,000 |     |                       243,090 |     |                                      13,142 |     |  1,080,232 |

#### Life Insurance
The Bank owns life insurance policies ("BOLI") on certain officers, including the