SEC Contract Filing

Filing Date: 2023-10-26

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ex10-2_8k102423.htm
<DESCRIPTION>CHANGE IN CONTROL AGREEMENT WITH LISA A. HARRIS
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 <div style="text-align: right;"><font style="font-weight: bold;">EXHIBIT 10.2</font><br>
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 <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">CHANGE IN CONTROL AGREEMENT</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;">This Change in Control Agreement (the &#8220;Agreement&#8221;) is made effective as of the 24<sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">th</sup> day of October, 2023 (the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Effective Date</u></font>&#8221;), by and between <font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">Home Federal Savings and Loan Association of Grand
 Island</font> (the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Bank</u></font>&#8221;), and Lisa Harris (the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Executive</u></font>&#8221;).&#160;
 Any reference to the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Company</u></font>&#8221; shall mean Central Plains Bancshares, Inc., the proposed holding company of the Bank.</div>
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 <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">RECITALS</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">WHEREAS</font>, the Executive is
 currently employed as an executive officer of the Bank;</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">WHEREAS</font>, the Bank desires to
 assure itself of the Executive&#8217;s continued active participation in the business of the Bank; and</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">WHEREAS</font>, to induce the Executive
 to remain in the employ of the Bank and in consideration of the Executive&#8217;s agreeing to remain in the employ of the Bank, the parties desire to specify the severance benefits due to the Executive in the event her employment with the Bank terminates
 under specified circumstances.</div>
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 <div style="text-align: justify; text-indent: 36pt; font-family: 'Times New Roman', Times, serif; font-size: 12pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">NOW THEREFORE</font>, in consideration
 of the mutual agreements herein contained, and upon the other terms and conditions hereinafter provided, the parties hereby agree as follows:</div>
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 <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">1.</div>
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 <div style="text-align: left; font-family: 'Times New Roman', Times, serif; font-size: 12pt; font-weight: bold;">TERM OF AGREEMENT</div>
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 <div style="text-indent: 36pt;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;">(a)</font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 36pt" class="TRGRRTFtoHTMLTab">&#160;</font><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>Term; Renewal of Term</u></font>.&#160; The term of this Agreement will begin as of
 the Effective Date and will continue for a period of three (3) years (the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Term</u></font>&#8221;).&#160; Commencing on the first anniversary date of this Agreement (the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Renewal Date</u></font>&#8221;) and continuing on each anniversary of the Renewal Date thereafter, the term of this Agreement shall renew for an additional year such that the
 remaining term of this Agreement is three (3) years; provided, however, that in order for this Agreement to renew, the disinterested members of the Board of Directors of the Bank (the &#8220;<font style="font-size: 12pt; font-family: 'Times New Roman', Times, serif;"><u>Board of Directors</u></font>&#8221;) must take the following actions within the following time frames prior to each Renewal