Genesco adopts Executive Severance Plan covering key officers with 12-24 month severance

GENESCO INC

Plan covers key management, including named executive officers, upon involuntary termination or good reason resignation.
Severance pay equals 12 months of base salary for non-CEO participants, 24 months for CEO.
Participants receive COBRA premium subsidy for same period as severance pay.
Severance conditioned on signing a release agreement and complying with restrictive covenants.

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