Change of Control Severance Plan for Section 16 Officers (Schedule I)

Contract Categories: Human Resources › Severance Agreements
Summary

This document lists Section 16 officers of the company who are participants in the Change of Control Severance Plan. It specifies their benefit levels, which determine the severance payments and benefits they would receive if their employment is terminated following a change of control. The benefits include a cash severance based on base pay, target short-term incentive awards, prorated incentive awards for the year of termination, and retirement plan benefits. The plan ensures financial protection for these executives in the event of a company takeover or similar event.

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EX-10.2 7 aee-2019q3xexhibit102.htm REVISED CHANGE OF CONTROL SEVERANCE PLAN Exhibit


Exhibit 10.2

SCHEDULE I
CHANGE OF CONTROL SEVERANCE PLAN PARTICIPANTS
SECTION 16 OFFICERS

Benefit Level1 - 3
Baxter, Warner L.
Mark, Richard J.
Diya, Fadi M.
Moehn, Michael
Lyons, Martin J.
 
Benefit Level - 2
Amirthalingam, Bhavani
 





















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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.