DTE Energy adopts executive severance plan providing up to 100% of base pay plus target bonus for eligible senior execs

DTE ENERGY CO

Plan covers senior executives (Group 5+) upon involuntary termination without cause; requires signing a release.
Basic benefit: 100% of Base Pay (annualized gross + target bonus) for 2+ years of service, 50% for less than 2 years.
Supplemental benefits: 12 months COBRA premium payments (or cash equivalent) and up to 6 months outplacement assistance (or cash equivalent).
Effective July 1, 2022; not available to those entitled to other severance plans, change-in-control agreements, or terminated for cause.

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