Rhinebeck Bancorp terminates executive long-term incentive and retention plan, accelerates vesting
Reuters2026/08/14 20:31- Rhinebeck Bancorp’s bank unit terminated its Executive Long-Term Incentive and Retention Plan on May 19, 2026.
- Termination triggered full vesting of participants’ deferred-compensation account balances; Jamie Bloom, Kevin Nihill were the only named executive officers in the plan.
- Distributions cannot be paid earlier than 12 months from the termination date, except amounts otherwise due under the plan.
- All payouts must be completed within 24 months of the termination date.
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