Change of Control Severance Plan Schedule for Executive Participants

Contract Categories: Human Resources › Severance Agreements
Summary

This document lists participants in a Change of Control Severance Plan, specifying different benefit levels for named executives. The plan provides severance payments and benefits if employment is terminated following a change of control. Benefits include a cash severance based on base pay, target short-term incentives, prorated incentives for the year of termination, and retirement plan benefits. The schedule identifies executives by name and assigns them to specific benefit levels, which determine the amount and type of severance they would receive.

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EX-10.20 9 aee201710-kexhibit1020.htm CHANGE OF CONTROL SEVERANCE PLAN Exhibit





Exhibit 10.20

SCHEDULE I
CHANGE OF CONTROL SEVERANCE PLAN PARTICIPANTS

Benefit Level1 - 3
Baxter, Warner L.
Mark, Richard J.
Diya, Fadi M.
Moehn, Michael L.
Lyons, Martin J.
Nelson, Gregory L.
Benefit Level - 2
Steinke, Bruce A.
 
Benefit Level - 1
 
 





















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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.