Astec enters new severance agreements with CEO and four officers, enhancing benefits

ASTEC INDUSTRIES INC

CEO Ruffalo gets 2x base salary plus target bonus severance; other officers get 1.5x.
Severance agreements have 3-year initial term with automatic one-year renewals.
Non-compete and non-solicitation periods: 24 months for CEO, 18 months for others.
Equity awards receive pro-rata vesting upon qualifying termination.
Benefits include lump-sum cash, health coverage (24 months CEO, 18 months others), and outplacement up to $10,000.

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