Executive Severance Multipliers and Periods Schedule for Tier I and II Participants
Contract Categories:
Human Resources
›
Compensation Agreements
Summary
This document outlines the severance multipliers and periods for executive officers, including the CEO, CFO, General Counsel, Chief Human Resources Officer, Chief Information Officer, and Business Unit Presidents. It specifies different severance terms for terminations with and without a change of control (COC), detailing the applicable multipliers and time periods for each participation tier. Special terms are provided for the current CFO and General Counsel. The agreement ensures clarity on severance entitlements for key executives under various termination scenarios.
EX-10.52 4 exhibit1052exatoexecutives.htm EXHIBIT 10.52 Exhibit
Exhibit A
Tier Level
Tier I Participants | Tier II Participants |
Chief Executive Officer | Chief Financial Officer* General Counsel* Chief Human Resources Officer Chief Information Officer Business Unit Presidents |
Termination Multipliers and Periods
Participation Tier | Non-COC Multiplier | Non-COC Period | COC Multiplier | COC Period |
I | 1.5 | 18 months | 2 | 24 months |
II | 1 | 12 months | 1.5 | 18 months |
*Termination Multipliers and Periods for David G. Rice and Jay Goldbaum, the Corporation’s existing Chief Financial Officer and General Counsel, respectively, shall be as follows:
Participation Tier | Non-COC Multiplier | Non-COC Period | COC Multiplier | COC Period |
* | 1 | 12 months | 2 | 24 months |
1