other material
confidence high
sentiment neutral
materiality 0.40
ADI enters retention agreement with EVP Vivek Jain; replaces expired Maxim plan
ANALOG DEVICES INC
- Retention agreement with Vivek Jain, EVP of Global Operations and Technology, effective Oct 3, 2023.
- Provides severance benefits if employment terminated within 24 months after a change in control.
- Agreement mirrors form of existing ADI Retention Agreements for other executive officers.
- Replaces former Maxim change-in-control severance plan that expired August 26, 2023.