Executive Officer Cash Severance Policy (the “Policy”)Executive Officer Cash Severance Policy • November 1st, 2023
Micron Technology, Inc. (the “Company”) will not enter into any new employment agreement, severance agreement or separation agreement with any officer as defined under Rule 16a‐1(f) of the Securities Exchange Act of 1934, as amended (“Executive Officer”) or establish any new severance plan or policy covering any Executive Officer that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s base salary plus target bonus opportunity without seeking shareholder ratification of such agreement, plan or policy. In addition, any cash payments that may be owed under any existing agreement, plan or policy entered into with an Executive Officer prior to the adoption of this Policy will be reduced to the extent necessary to not exceed 2.99 times the sum of the Executive Officer’s base salary plus target bonus opportunity, unless shareholder ratification is obtained.
LINCOLN NATIONAL CORPORATION EXECUTIVE OFFICER CASH SEVERANCE POLICYExecutive Officer Cash Severance Policy • February 21st, 2023 • Lincoln National Corp • Life insurance
Lincoln National Corporation (the “Corporation” or “LNC”) will not enter into any new employment agreement, severance agreement or separation agreement with any Executive Officer or establish any new severance plan or policy covering any Executive Officer that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s base salary plus target bonus opportunity, without seeking shareholder ratification of such agreement, plan, or policy. The Corporation will not amend (i) the LNC Executives’ Severance Benefit Plan (the “LNC CoC Plan”), which provides for Cash Severance Benefits in the event a “Change of Control” as such term is defined in the LNC CoC Plan, to increase the level of Cash Severance Benefits currently provided under the LNC CoC Plan or (ii) The Severance Plan for Officers of LNC (the “Officers’ Severance Plan”), which provides for Cash Severance Benefits to our Executive Officers (other than our Chief Executive Officer) in the event of an in
PFIZER INC. EXECUTIVE OFFICER CASH SEVERANCE POLICYExecutive Officer Cash Severance Policy • August 9th, 2023 • Pfizer Inc • Pharmaceutical preparations
Pfizer Inc. (the “Company”) will not enter into any new employment agreement, severance agreement or separation agreement with any executive officer of the Company or establish any new severance plan or policy covering any executive officer of the Company, in each case that provides for Cash Severance Benefits exceeding 2.99 times the sum of the executive officer’s Base Salary and Target Bonus, without seeking stockholder ratification of such agreement, plan or policy.1
ELECTRONIC ARTS INC. EXECUTIVE OFFICER CASH SEVERANCE POLICYExecutive Officer Cash Severance Policy • September 1st, 2022 • Electronic Arts Inc. • Services-prepackaged software
Electronic Arts Inc. (the “Company”) will not enter into any new employment agreement, severance agreement or separation agreement with any Executive Officer or establish any new severance plan or policy covering any Executive Officer that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s base salary plus target bonus opportunity, without seeking stockholder ratification of such agreement, plan, or policy.
FORTIVE CORPORATION EXECUTIVE OFFICER CASH SEVERANCE POLICYExecutive Officer Cash Severance Policy • March 2nd, 2023 • Fortive Corp • Industrial instruments for measurement, display, and control
Fortive Corporation (the “Company”) will not enter into any new employment agreement, severance agreement or separation agreement with any Executive Officer of the Company, or establish any new severance plan or policy covering any Executive Officer of the Company, in each case that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s Base Salary plus Target Bonus, without seeking stockholder ratification of such agreement, plan or policy.
Micron Technology, Inc. Executive Officer Cash Severance Policy (the “Policy”)Executive Officer Cash Severance Policy • December 21st, 2023 • Micron Technology Inc • Semiconductors & related devices
Micron Technology, Inc. (the “Company”) will not enter into any new employment agreement, severance agreement or separation agreement with any officer as defined under Rule 16a-1(f) of the Securities Exchange Act of 1934, as amended (“Executive Officer”) or establish any new severance plan or policy covering any Executive Officer that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s base salary plus target bonus opportunity without seeking shareholder ratification of such agreement, plan or policy. In addition, any cash payments that may be owed under any existing agreement, plan or policy entered into with an Executive Officer prior to the adoption of this Policy will be reduced to the extent necessary to not exceed 2.99 times the sum of the Executive Officer’s base salary plus target bonus opportunity, unless shareholder ratification is obtained.
TEGNA INC. EXECUTIVE OFFICER CASH SEVERANCE POLICY Effective Date: October 25, 2023Executive Officer Cash Severance Policy • October 26th, 2023 • Tegna Inc • Television broadcasting stations
TEGNA Inc. (the “Company”) will not enter into any new employment agreement, severance agreement or separation agreement with any Executive Officer or establish any new severance plan or policy covering any Executive Officer that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s Base Salary plus Target Bonus, without seeking stockholder ratification of such agreement, plan, or policy.
Crown Holdings, Inc. EXECUTIVE OFFICER CASH SEVERANCE POLICYExecutive Officer Cash Severance Policy • February 27th, 2024 • Crown Holdings, Inc. • Metal cans
Crown Holdings, Inc. (the “Company”) will not enter into any future employment agreement, severance agreement or separation agreement with any Executive Officer of the Company, or establish any new severance plan or policy covering any Executive Officer of the Company, in each case that provides for Cash Severance Benefits exceeding 2.99 times the sum of the Executive Officer’s base salary plus Target Bonus, without seeking stockholder ratification of such agreement, plan or policy.
