Wolverine World Wide Supplemental Executive Retirement Plan Benefit Multiplier Adjustment for Executive Officers

Contract Categories: Human Resources › Retirement Agreements
Summary

This document from Wolverine World Wide, Inc. outlines an adjustment to the Supplemental Executive Retirement Plan for certain executive officers. Instead of the standard 1.6% benefit multiplier, specified executives will receive a higher percentage multiplier—either 2.4% or 2.0%—when calculating their retirement benefits. The named executives and their respective multipliers are listed. This adjustment increases the retirement benefits for these individuals under the Plan.

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EX-10.18 4 wwwex1018_031506.htm WOLVERINE WORLD WIDE EXHIBIT 10.18 TO FORM 10-K Wolverine World Wide, Inc. - Exhibit 10.18 to Form 10-K - 03-15-06

EXHIBIT 10.18

         

          The following executive officers have a percentage benefit multiplier under the Supplemental Executive Retirement Plan (the "Plan") of 2.4% or 2.0%, as indicated below, in lieu of the 1.6% of final average monthly remuneration benefit multiplier described in the Plan:

 

          2.4%

 

          2.0%

 

 

 

 

 

 

 

Stephen L. Gulis, Jr.

 

Nicholas P. Ottenwess

 

 

Blake W. Krueger

 

James D. Zwiers

 

 

Timothy J. O'Donovan