Executive Severance Agreement Participant Schedule between Company and Executive Officers
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Summary
This document lists executive officers who have entered into Executive Severance Agreements with the company. It specifies the severance terms for each officer, including the salary multiplier, the length of the termination period, and the continuation period in the event of a change of control. For example, Blake W. Krueger is entitled to a 3x salary multiplier over 3 years, while James D. Zwiers receives a 2x multiplier over 2 years. These terms define the compensation and benefits each executive would receive if their employment is terminated under specified conditions.
EX-10.7 3 a2019-q4exhibit109seve.htm EXHIBIT 10.7 PARTICIPANT SCHEDULE Exhibit
Exhibit 10.7
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) | ||||
Blake W. Krueger | 3 | 3 years | 36 months | |||
James D. Zwiers | 2 | 2 years | 24 months | |||
