other
confidence high
sentiment neutral
materiality 0.30
Integra LifeSciences adopts Change in Control Severance Program effective Jan 1, 2025, renewing expiring program
INTEGRA LIFESCIENCES HOLDINGS CORP
- Program covers named executives including CFO Lea Knight, with severance multiple of 2x (1.5x for others) base salary plus target bonus.
- Qualifying termination (without cause or for good reason) within 2 years after a change in control triggers lump-sum severance, prorated bonus, COBRA for 18 months, and outplacement.
- Program term runs through Dec 31, 2025, with automatic extension upon a change in control until 2-year anniversary.
- Benefits subject to general release of claims and potential 'best pay cap' reduction for excise tax under Section 4999.