SEC Contract Filing

Filing Date: 2019-06-18

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>ex10-1_8k061319.htm
<DESCRIPTION>RIVERVIEW FINANCIAL CORPORATION EXECUTIVE ANNUAL INCENTIVE PLAN
<TEXT>
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 <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt; font-weight: bold;">EXHIBIT 10.1</div>
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 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">RIVERVIEW FINANCIAL CORPORATION</font></div>
 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">EXECUTIVE ANNUAL INCENTIVE PLAN</font></div>
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 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ARTICLE I</font></div>
 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Establishment, Purpose and Duration</u></font></font></div>
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 <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">1.1</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Establishment</font>.<font style="font-size: 10pt; font-family: 'Times New
 Roman', Times, serif; font-style: italic;">&#160; </font>This Executive Annual Incentive Plan (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Plan</u></font>&#8221;) is adopted by Riverview Financial Corporation (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Company</u></font>&#8221; and together with Riverview Bank, the wholly-owned subsidiary of the Company, &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times,
 serif;"><u>Riverview</u></font>&#8221;), effective as of June 13, 2019 (the &#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Effective Date</u></font>&#8221;).</font></div>
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 <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">1.2</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Purpose</font>.&#160; The objectives of the Plan are to optimize the profitability
 and growth of Riverview (including its affiliates) through incentives consistent with Riverview&#8217;s goals in order to link and align the personal interests of the Participants with the incentive for individual and overall performance of Riverview.&#160;
 This Plan is further intended to provide flexibility to Riverview in its ability to motivate, attract and retain the services of Participants who make significant contributions to Riverview&#8217;s success and to allow Participants to share in the
 success of Riverview</font></div>
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 <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">1.3</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Duration of this Plan</font>.&#160; This Plan shall commence on the Effective Date,
 and shall remain in effect until terminated, modified or amended in accordance with Section 5.1 of the Plan.</font></div>
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 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">ARTICLE II</font></div>
 <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Definitions</u></font></font></div>
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 <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Definitions</font>. Whenever used in this
 Plan, the following words and phrases shall have the meanings specified:</font></div>
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 <div style="text-align: justify;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">2.1</font><font id="TRGRRTFtoHTMLTab" style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt">&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#8220;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Base Salary</font>&#8221; means the Participant&#8217;s annual rate of base salary paid
 during each calendar year, excluding bonuses and other forms of variable income, fringe benefits, reimbursements, etc.</font></div>
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