Updated Schedule to Change in Control Agreements for Executive Severance Payments

Contract Categories: Human Resources › Change of Control Agreements
Summary

This document updates the schedule of severance payments for certain executives under change in control agreements with the company. It lists the executives, their positions, the duration of severance benefits (ranging from one to two years), and the effective dates. Notably, Alfred I. Lovitz's agreement also includes employment terms and excludes him from a geographic reassignment provision that applies to others. The agreement ensures specified severance payments and terms for these executives if a change in control occurs.

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EX-10.188 28 w53456ex10-188.txt UPDATED SCHEDULE TO CHANGE IN CONTROL AGREEMENT 1 Exhibit 10.188 Updated Schedule to Form of Change in Control Agreement Filed as Exhibit 99.2 of the Company's Current Report on Form 8-K dated March 29, 1999 Filed Pursuant to Instruction 2 to Item 601(a) of Regulation S-K
SEVERANCE PAYMENT EXECUTIVE POSITION TIME PERIOD DATE David K. Barber Senior Vice 2 years 9/23/98 President -- Project Management Robin L. Barber Vice President 2 years 11/20/98 and Senior Counsel Russell A. DiGilio Senior Vice 2 years 9/23/98 President -- Outlook Pointe Division Alfred I. Lovitz* Vice President- 1 year 6/24/98 Missouri Division
* Mr. Lovitz' change in control agreement also provides for his employment; the other Executives were already employed at the time they entered into their respective agreements. In addition, Mr. Lovitz is not subject to the geographic reassignment provision described in Section 2(G).