Ferro Corporation Change in Control Agreements with Executive Officers

Contract Categories: Human Resources › Change of Control Agreements
Summary

Ferro Corporation has entered into change in control agreements with several of its current executive officers, including James C. Bays, Thomas M. Gannon, Ann E. Killian, James F. Kirsch, Celeste B. Mastin, Michael J. Murry, Barry D. Russell, and Peter T. Thomas. These agreements outline terms and protections for executives in the event of a change in company control. The company also had similar agreements with former executives, which have since ended. The agreements specify severance and compensation terms if employment is terminated following a change in control.

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EX-10.I 3 l22374aexv10wi.htm EX-10.I EX-10.I  

EXHIBIT 10(i)
SCHEDULE II
     Ferro Corporation has entered into an executive employment agreement with James F. Kirsch (Exhibit 10(f)).
     The Company has entered into change in control agreements substantially identical with its form of change in control agreement (Exhibit 
10(i)) with the following current executive officers:
James C. Bays
Thomas M. Gannon
Ann E. Killian
James F. Kirsch
Celeste B. Mastin
Michael J. Murry
Barry D. Russell
Peter T. Thomas
     Ferro Corporation had entered into an executive employment agreement with Hector R. Ortino which was substantially identical in all material respects to the Form of Employment Contract (Exhibit 10(g)), except the lump sum severance payment for Mr. Ortino was equal to a full year’s compensation (base salary and incentive compensation) multiplied by three.
     The Company had entered into change in control agreements with the following former executive officers where agreements have since terminated:
M. Craig Benson
Dale G. Kramer
Millicent W. Pitts