Schedule of Participating Executive Officers for Cash Retention Payments – Armstrong World Industries, Inc.
Armstrong World Industries, Inc. has identified several executive officers who are eligible to receive a cash retention payment. Each named executive will receive a payment equal to a specified percentage of their current annual base salary, with most receiving 100% and one receiving 60%. The agreement outlines the eligibility and payment terms for these executives, ensuring they are compensated for their continued service.
Exhibit 10.2
SCHEDULE OF PARTICIPATING EXECUTIVE OFFICERS
Armstrong World Industries, Inc. has given substantially similar grant letters to the following executives. The executives are eligible for a cash retention payment equal to the stated percentage of their current annualized base salary.
Matthew J. Angello | 100 | % | |
F. Nicholas Grasberger | 100 | % | |
John N. Rigas | 100 | % | |
Stephen J. Senkowski | 100 | % | |
William C. Rodruan | 60 | % |