Executive Severance Agreements for Named Executives of the Company

Contract Categories: Human Resources › Severance Agreements
Summary

This document lists executives who have entered into severance agreements with the Company. The agreements specify the salary multiplier, termination period, and change of control continuation period for each executive. Depending on the individual, the salary multiplier is either 2 or 3, with corresponding termination and continuation periods of 2 or 3 years (24 or 36 months). These agreements outline the compensation and benefits executives will receive if their employment ends under certain conditions, such as a change of control or termination.

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EX-10.14 6 wwwex1014_0303.htm WWW Exhibit 10.14 to Form 10-K 2003

Exhibit 10.14

          The persons listed below have entered into Executive Severance Agreements with the Company. The form Executive Severance Agreement previously filed contains certain blanks to be completed for each person. The information listed below is inserted into the blanks for the respective person's Executive Severance Agreement.

 

Salary Multiplier
Rate
(Section 4(a)(4))

Termination Period
(Section 1(n))

Change of Control
Continuation Period
(Section 2)

 

 

 

 

Timothy J. O'Donovan

3

3 years

36 months

Steven M. Duffy

3

3 years

36 months

Stephen L. Gulis, Jr.

3

3 years

36 months

Blake W. Krueger

3

3 years

36 months

Owen S. Baxter

2

2 years

24 months

William J. B. Brown

2

2 years

24 months

Arthur G. Croci

2

2 years

24 months

Richard C. DeBlasio

2

2 years

24 months

V. Dean Estes

2

2 years

24 months

Jacques Lavertue

2

2 years

24 months

Thomas P. Mundt

2

2 years

24 months

Nicholas P. Ottenwess

2

2 years

24 months

Robert J. Sedrowski

2

2 years

24 months

Spencer E. Zimmerman

2

2 years

24 months

James D. Zwiers

2

2 years

24 months