Kaiser Aluminum adopts Key Employee Severance Plan for four execs, excluding CEO

KAISER ALUMINUM CORP

Plan replaces individual change-of-control agreements for EVPs John Donnan and Neal West; also replaces salaried severance for Donnan, West, EVP Jason Walsh and SVP Raymond Parkinson.
CEO Keith Harvey not included in the Plan; his existing severance agreement remains unchanged.
Severance multiple is 1.0x (base salary + target bonus) for non-CIC termination, 2.0x for termination within 24 months of a change in control.
Benefits include lump-sum cash, prorated short-term incentive, and COBRA premium reimbursement up to 12–24 months post-termination.

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