other material
confidence high
sentiment neutral
materiality 0.40
Methode Electronics enters Change in Control Agreement with VP North America
METHODE ELECTRONICS INC
- Agreement with Kevin M. Martin effective March 15, 2023.
- If terminated without cause or for good reason within 2 years of a Change in Control, receives lump sum equal to base salary plus target annual bonus.
- Also entitled to continued welfare benefit plan participation for up to one year.
- Agreement covers period pending or within two years after a Change in Control.