Change in Control Agreements with Executive Officers
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Change of Control Agreements
Summary
This document summarizes that several executives, including Tommy L. Andrews, John B. Benton, Laura Jo De Cespedes, and others, have entered into Change in Control Agreements with the company. These agreements outline the terms and protections for the executives if there is a change in control of the company, such as a merger or acquisition. The agreements are substantially identical to previously filed agreements with other executives. The key purpose is to provide job security and define benefits or compensation in the event of a company takeover or similar event.
EX-10.14 2 p71897exv10w14.htm EXHIBIT 10.14 exv10w14
Exhibit 10.14
Tommy L. Andrews, John B. (Jack) Benton, Laura Jo De Cespedes, Kathleen Flanagan, George W. Gresham, Rahul Gupta, Kay J. Nichols, Larence Park, Kevin L. Reager and Clyde L. Thomas have entered into Change in Control Agreements that are substantially identical in all respects to the agreement with Paul F. Walsh that was filed as Exhibit 10.2 to the Company’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2002.
Steven F. Coleman has entered into a Change in Control Agreement that, as amended, is substantially identical in all material respects to the Agreement and amendment thereto filed as Exhibits 10.29 and 10.30, respectively, to the Company’s Annual Report on Form 10-K for the year ended December 31, 2000.
