EX-10.2 AMENDMENT TO SEVERANCE POLICY
EX-10.2 3 b51131biexv10w2.txt EX-10.2 AMENDMENT TO SEVERANCE POLICY EXHIBIT 10.2 AMENDMENT TO EXECUTIVE SEVERANCE POLICY NEW SEVERANCE POLICY IN CHANGE OF CONTROL AND CORPORATE TRANSACTIONS (EACH AS DEFINED IN 2003 OMNIBUS EQUITY PLAN) SEVERANCE* -------------- Executive Chairman; CEO **Per contract COO 30 months Executive Vice President 24 months
*Severance calculated on the basis of annual salary and target bonus **As per contracts. NEW SEVERANCE POLICY FOR INVOLUNTARY TERMINATIONS EXCEPT "FOR CAUSE", CHANGE OF CONTROL AND CORPORATE TRANSACTIONS MAXIMUM SEVERANCE* MINIMUM SEVERANCE* ------------------ ------------------ Executive Chairman; CEO **Per contract **Per contract COO 24 months 12 months Executive Vice President 21 months 9 months
*Severance calculated on the basis of annual salary and target bonus **As per contracts.
