secwatch.observer — SEC 8-K summary
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Issuer:     Employers Holdings, Inc. (EIG)
CIK:        0001379041
Form:       8-K
Filed at:   2021-08-03T23:59:59+00:00
Accession:  0001379041-21-000125
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Employers Holdings adopts change-in-control severance plan with enhanced benefits for CEO Antonello
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- Plan effective August 1, 2021 covers NEOs and select employees designated by the Compensation Committee.
- Outside CIC period: NEOs get 125% of salary plus target bonus (200% for CEO Antonello) and COBRA for 15/24 months.
- During CIC period: NEOs get 200% of salary plus target bonus (300% for CEO Antonello) and COBRA for 24/36 months.
- No excise tax gross-up payments provided; 280G payments subject to reduction if they trigger excise tax.
- NEOs join the plan only after their current employment agreements expire and they execute a participation agreement.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1379041/000137904121000125/0001379041-21-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1379041/000137904121000125/eig-20210801.htm
  HTML page:      https://secwatch.observer/filing/0001379041-21-000125

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer