other material
confidence high
sentiment neutral
materiality 0.45
Carnival enters severance and restrictive covenant agreements with CEO, CFO, CHRO, and GC
CARNIVAL PLC
- CEO Josh Weinstein would receive 2x base salary plus 2x target bonus on qualifying termination; other officers get 1x base salary and 0.5x bonus.
- Severance payable over two years for CEO, one year for others; requires execution of waiver and release.
- Two-year non-compete and non-solicit for CEO, one-year for other officers, regardless of termination reason.
- Agreements also cover confidentiality and non-disparagement obligations for all named executives.