Interface CEO Laurel Hurd enters severance agreement with 24-month coverage

INTERFACE INC

Severance: 24 months of current salary plus target annual bonus if terminated without cause or for good reason.
Good reason triggers include material reduction in duties, 5%+ pay cut, or relocation outside metro Atlanta.
Prorated bonus for year of termination; COBRA subsidy for 24 months; stock awards may accelerate.
Payments conditioned on signing release, compliance with restrictive covenants, and cooperation.
Rolling two-year term, auto-renewing daily; expires on CEO's 63rd birthday.

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