Executive Severance Agreement Participant Schedule for Named Executive Officers
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Summary
This document lists current executive officers who have entered into Executive Severance Agreements with the company. For each officer, it specifies the salary multiplier, termination period, and change of control continuation period, all set at 2 times salary and 24 months, respectively. The agreement outlines the severance terms that apply if an executive's employment ends or if there is a change in company control.
EX-10.9 3 a2021-q4exhibit109severance.htm EXHIBIT-10.9 PARTICIPANT SCHEDULE Document
Exhibit 10.9
The following current executive officers 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 | Termination Period | Change of Control Continuation Period | ||||||||||||||||||
(Section 4(a)(4)) | (Section 1(n)) | (Section 2) | ||||||||||||||||||
Kyle L. Hanson | 2 | 2 years | 24 months | |||||||||||||||||
Brendan L. Hoffman | 2 | 2 years | 24 months | |||||||||||||||||
Chris E. Hufnagel | 2 | 2 years | 24 months | |||||||||||||||||
Amy M. Klimek | 2 | 2 years | 24 months | |||||||||||||||||
Michael D. Stornant | 2 | 2 years | 24 months |