Executive Severance Agreements between Wolverine World Wide, Inc. and Executive Officers
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Severance Agreements
Summary
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, Michael F. McBreen, and James D. Zwiers. These agreements specify the severance benefits each executive will receive if their employment is terminated, including salary multipliers, change of control provisions, and the duration of severance payments. The terms vary by executive, with salary multipliers ranging from 2 to 3 and continuation periods from 24 to 36 months.
EX-10.13 2 k50131exv10w13.htm EX-10.13 exv10w13
Exhibit 10.13
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 Multiplier | Change of Control | |||||||||||
| Rate | Termination Period | Continuation Period | ||||||||||
| (Section 4(a)(4)) | (Section 1(a)) | (Section 2) | ||||||||||
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 | |||||||||
Michael F. McBreen | 2 | 2 years | 24 months | |||||||||
James D. Zwiers | 2 | 2 years | 24 months | |||||||||
