leadership
confidence high
sentiment neutral
materiality 0.50
CVR Partners executive chairman Lamp gets $1.1M salary, extended performance unit award through 2024
CVR PARTNERS, LP
- Base salary increased to $1,100,000 under new employment agreement effective Dec 22, 2021.
- Annual cash bonus target set at 150% of base salary; incentive unit award also 150% of base salary.
- Performance unit award agreement amended, extending performance cycle to Dec 31, 2024, with potential $10M change-in-control payout.
- Employment agreement expires Dec 31, 2024; includes confidentiality, non-compete, and non-disparagement obligations.
- CVR Partners reimburses CVR Energy for portion of Lamp's compensation related to his services as Executive Chairman.