Amendment No. 2 to Whirlpool Corporation Executive Performance Excellence Plan
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Summary
This amendment updates the Whirlpool Corporation Executive Performance Excellence Plan, effective August 14, 2023. It revises Section 6.3(d) to clarify that any awards under the plan are subject to forfeiture or recovery by the company under any clawback or recoupment policy, including those required by law, such as the Dodd-Frank Act, or by stock exchange rules. The amendment ensures that any necessary changes to comply with such regulations will apply to all awards under the plan.
EX-10.4 5 exhibit104-amendmenttoepep.htm EX-10.4 Document
Exhibit 10.4
AMENDMENT NO. 2 TO THE
WHIRLPOOL CORPORATION
EXECUTIVE PERFORMANCE EXCELLENCE PLAN
The Whirlpool Corporation Executive Performance Excellence Plan is hereby amended as follows effective August 14, 2023:
Section 6.3(d) shall be deleted in in its entirety and the following substituted therefor:
Notwithstanding anything to the contrary herein, awards are subject to forfeiture, recovery by the Company or other action pursuant to any clawback or recoupment policy which the Company may adopt from time to time, including without limitation any such policy which the Company may be required to adopt under the Dodd-Frank Wall Street Reform and Consumer Protection Act and implementing rules and regulations thereunder, or as otherwise required by law or the listing standards of any national securities exchange or association on which the Company’s securities are listed. Any changes required to be made to comply with such rules or regulations will apply to any award awarded under the Plan.
