Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) The employment agreements previously entered into between The First of Long
Island Corporation (the "Company"), its wholly owned subsidiary, The First
National Bank of Long Island (the "Bank"), and President and Chief Executive
Officer Christopher Becker, as well as the employment agreements previously
entered into between the Company, the Bank and executive officers Jay McConie,
Christopher Hilton, Janet Verneuille and Richard Perro have been amended to
provide that the severance benefits payable in the event of a qualifying
termination of employment following a change in control of the Company shall be
a multiple of base salary plus annual cash incentive compensation (calculated
based on target levels of performance for the year in which the change in
control occurs), rather than a multiple of base salary only. The employment
agreement with Mr. Becker was amended and restated in light of previous
amendments and is attached to this Form 8-K filing as Exhibit 10.12. The form of
amendment to each of the other employment agreements is attached to this Form
8-K filing as Exhibit 10.13.
Item 9.01 Financial Statements and Exhibits
Exhibit 10.12 - Amended and Restated Employment Agreements between The First
of Long Island Corporation, The First National Bank of Long Island and
Christopher Becker.
Exhibit 10.13 - Form of Amendment to Employment Agreements between The First
of Long Island Corporation, The First National Bank of Long Island and Jay
McConie, Christopher Hilton, Janet Verneuille and Richard Perro.
Exhibit 104 - Cover page interactive data file (embedded within the Inline XBRL
document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
The First of Long Island Corporation
(Registrant)
By: /s/ Jay P. McConie
Jay P. McConie
Executive Vice President, Chief
Financial Officer & Treasurer
(principal financial officer)
Dated: February 17, 2022
© Edgar Online, source Glimpses
THE FIRST OF LONG ISLAND CORPORATION 
