LiveWire adopts executive severance plan with 6–12 months base salary

LiveWire Group, Inc.

Plan approved May 9, 2023; covers all executive officers (VP and above).
CEO & President receive 12 months base salary lump sum; other execs receive 6 months.
Includes prorated short-term incentive and health premium contribution.
Benefits conditional on non-compete, non-solicitation covenants and release of claims.
No duplication with individual severance agreements; 280G parachute payment limit applies.

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