Executive Severance Agreements between Wolverine World Wide, Inc. and Executive 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 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 would receive if their employment is terminated, including salary multipliers and continuation periods ranging from 24 to 36 months, depending on the executive. The agreements also address terms related to change of control and termination periods.

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EX-10.13 12 c81880exv10w13.htm EXHIBIT 10.13 Exhibit 10.13
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