Celanese reduces executive severance benefits: CEO to 150%, other officers to 100% of pay and bonus

Celanese Corp

Effective Jan 1, 2025, severance for non-CEO executive officers cut from 150% to 100% of base salary plus target bonus.
CEO severance reduced from 200% to 150% of base salary plus target bonus.
Plan renamed Designated Roles Member Severance Benefits Plan; pro-rata bonus based on actual performance.
CEO health continuation extended to 18 months; other officers 12 months; outplacement 12 months for all.

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