other material
confidence high
sentiment neutral
materiality 0.40
Eastman Chemical enters severance deal with officer Brad A. Lich; provides $2M cash, healthcare
EASTMAN CHEMICAL CO
- Severance agreement effective March 10, 2025 with Brad A. Lich.
- Qualifying termination (without cause or good reason after March 1, 2027) triggers $2M cash plus existing plan amounts.
- Also provides up to four months of continued healthcare coverage.
- Benefits conditioned on release of claims and compliance with restrictive covenants.