Eaton adopts revised change-of-control agreements for NEOs with expanded cause definition

Eaton Corp plc

New Change of Control Agreements adopted April 27, 2022 for named executive officers, replacing prior agreements.
Expanded 'Cause' definition includes felony, crime involving moral turpitude, material violation of Code of Ethics, and willful misconduct harming company.
Certain fringe benefits removed from the new agreements compared to prior versions.
Shareholders approved all 12 director nominees, Ernst & Young as auditor, and advisory say-on-pay at April 27 AGM.

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