Interface enters new employment and severance agreements with President EAAA Nigel Stansfield

INTERFACE INC

Salary set at £325,552 per annum; target annual cash bonus at 90% of salary.
Severance: 12 months base salary plus target bonus for termination without cause; under change of control: 2x salary plus 2x avg bonus.
Mr. Stansfield waives statutory redundancy payments; severance conditional on signing settlement agreement.
Employment contract replaces prior agreement from 2010; role as President of EAAA region unchanged.

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