other material
confidence high
sentiment neutral
materiality 0.25
EMCOR CFO Nalbandian enters change-of-control and severance agreements
EMCOR Group, Inc.
- Continuity Agreement: 2-year employment post-change of control; severance of 3x salary plus bonus if terminated without cause.
- Severance Agreement: non-CIC termination without cause pays 2x base salary in quarterly installments plus prorated bonuses.
- Indemnity Agreement executed on standard form previously filed; all agreements dated May 8, 2024.
- No severance payable under both agreements; benefits under Continuity Agreement supersede Severance Agreement.