Janus International adopts executive severance plan; CEO gets 2x/3x multiplier

Janus International Group, Inc.

Severance plan covers CEO Ramey Jackson, EVP Morgan Hodges, VP Norman Nettie, effective Sept 1, 2023.
Non-CIC termination: cash severance 1x (2x for CEO) base salary plus annual bonus, paid over 12 months (24 for CEO).
Following a change in control: cash severance 2x (3x for CEO) base salary plus target bonus, paid over 12 months (24 for CEO).
Plan includes COBRA continuation (12/18 months) and outplacement services up to 10% of base salary.
Two-year post-employment non-compete and non-solicit covenants apply; equity awards treated per incentive plan.

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