Ingredion adopts new executive severance and change-in-control pay plans for Section 16 officers

Ingredion Inc

CEO gets 2X base salary + target bonus over 24 months in severance; 3X lump-sum in change of control.
CFO gets 1.5X over 18 months in severance; 3X lump-sum in change of control.
Other Section 16 officers get 1X over 12 months in severance; 2X lump-sum in change of control.
Plans supersede individual executive severance agreements for those who participate.
Benefits require execution of a release and compliance with post-employment covenants.

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