KW enters new exec agreements; CEO McMorrow base salary $1.5M, severance up to 3x avg comp

Kennedy-Wilson Holdings, Inc.

New three-year (two-year for GC Mouton) employment agreements with CEO McMorrow, President Windisch, CFO Enbody, GC Mouton, effective Sept 29, 2023.
Base salaries: McMorrow $1.5M, Windisch $1M, Enbody $800K, Mouton $800K; eligible for annual performance bonuses and equity grants.
Qualifying Termination severance: continued base salary through term plus lump sum up to 2x (3x for McMorrow) average of base salary and bonus for prior 3 years.
Death/Disability severance: greater of continued salary plus prior year bonus or amount determined by committee; full vesting of equity awards.
Agreements include restrictive covenants: confidentiality, non-disparagement, non-compete, and non-solicitation.

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