Change of Control Severance Plan for Named Executive Officers

Summary

This agreement outlines the severance benefits for specific executive officers of the company in the event of a change of control. It lists the eligible executives and specifies their benefit levels, which determine the amount of severance pay and related benefits they would receive if terminated under qualifying circumstances. The plan includes details on how severance is calculated, such as multiples of base pay and incentive awards, and notes that certain new officers are not eligible for excise tax gross-up provisions.

EX-10.23 11 aee202110-kexhibit1023.htm REVISED CHANGE OF CONTROL SEVERANCE PLAN Document

Exhibit 10.23

SCHEDULE I

CHANGE OF CONTROL SEVERANCE PLAN PARTICIPANTS

NAMED EXECUTIVE OFFICERS


Benefit Level - 31
Baxter, Warner L.			Mark, Richard J.
Diya, Fadi M.			Moehn, Michael
Lyons, Martin J.			Nwamu, Chonda *
Benefit Level - 2
Amirthalingam, Bhavani *


			* Not eligible for excise tax gross-up provisions (for new officers effective on or after October 1, 2009)

1 Benefit levels are defined as a payment amount equal to a cash severance multiple of base pay, target short-term incentive award, short-term incentive award in year of termination (prorated at target), the actuarial equivalent of the benefit under the qualified defined benefit retirement plan and any excess or supplemental retirement plan.