Lands' End approves transaction success bonuses for three executives tied to WHP Global deal

LANDS' END, INC.

CEO Andrew McLean awarded bonus of 2x annual base salary payable at closing and over 2 years.
Bernard McCracken and Peter Gray each awarded 1.5x base salary in same phased structure.
50% due at closing, 25% at one-year anniversary, 25% on Dec 31, 2027, subject to continued employment.
Bonuses accelerate if executive is terminated without cause or resigns for good reason.

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