Wolverine World Wide Executive Severance Agreements for Named Officers

Contract Categories: Human Resources › Severance Agreements
Summary

Wolverine World Wide, Inc. has entered into Executive Severance Agreements with several of its executive officers, including Timothy J. O'Donovan, Stephen L. Gulis, Jr., Blake W. Krueger, Nicholas P. Ottenwess, and James D. Zwiers. These agreements specify the severance benefits each executive would receive if their employment is terminated, including a salary multiplier and the duration of severance payments. The agreements also outline the period of continued benefits in the event of a change of control, with terms ranging from two to three years depending on the executive.

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EX-10.15 3 wwwex1015_031506.htm WOLVERINE WORLD WIDE EXHIBIT 10.15 TO FORM 10-K Wolverine World Wide, Inc. - Exhibit 10.15 to Form 10-K - 03-15-06

EXHIBIT 10.15

          The executive officers listed below have entered into Executive Severance Agreements with the Company in the form filed herewith. The information listed below is inserted into the blanks for the respective executive officer'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

Stephen L. Gulis, Jr.

3

3 years

36 months

Blake W. Krueger

3

3 years

36 months

Nicholas P. Ottenwess

2

2 years

24 months

James D. Zwiers

2

2 years

24 months