Limoneira approves change in control agreements for CEO, CFO, and management

Limoneira CO

Board approved change in control agreements on July 23, 2024; executed July 24, 2024 with CEO Harold Edwards and CFO Mark Palamountain.
NEOs receive 200% of base salary as single cash payment plus COBRA for 24 months upon qualifying termination.
Other management receive 100% of base salary plus COBRA for 12 months.
Protected period begins 90 days before a change in control and ends 12 months after.
Payments contingent on execution of release and actual consummation of change in control.

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