AGCO amends retirement definition in equity awards for SVP+ to allow pro-rata vesting

AGCO CORP /DE

Effective Jan 9, 2023, the Board amended the 'retirement' definition for equity award agreements covering Senior Vice Presidents and above.
The amendment provides for pro rata vesting of awards in the event of certain 'early' retirements.
New definition applies to Performance Share, RSU, and SAR agreements, as filed as exhibits.
Change is designed to enhance retention of senior executives by offering graduated vesting on early retirement.

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