Filing excerpt
The Second A&R Plan reduces the multiplier that is applied to the applicable participant’s base salary and annual target bonus (the “Severance Multiple”) if outside the Change in Control Protection Period, as defined in the Second A&R Plan, (A) from 2.0 to 1.5 for the “Tier I Participant,” which is the Company’s Chief Executive Officer; (B) from 1.5 to 1.25 for any “Tier II Participant”, which includes all of the Company’s current executive officers...