Executive Severance Agreements between Wolverine World Wide, Inc. and Executive Officers
Wolverine World Wide, Inc. has entered into Executive Severance Agreements with several of its executive officers, including Blake W. Krueger, Kenneth A. Grady, Donald T. Grimes, Pamela L. Linton, and James D. Zwiers. These agreements specify the severance benefits each executive will receive if their employment is terminated, including salary multipliers and continuation periods, particularly in the event of a change of control. The agreements outline the duration and terms of severance pay, which vary by executive, and are designed to provide financial protection in case of job loss.
Exhibit 10.13
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 Rate | Termination Period (Section 1(a)) | Change of Control Continuation (Section 2) | ||||||||||
| (Section 4(a)(4)) | ||||||||||||
| Blake W. Krueger | 3 | 3 years | 36 months | |||||||||
| Kenneth A. Grady | 2 | 2 years | 24 months | |||||||||
| Donald T. Grimes | 2 | 2 years | 24 months | |||||||||
| Pamela L. Linton | 2 | 2 years | 24 months | |||||||||
| James D. Zwiers | 2 | 2 years | 24 months | |||||||||
