Clearwater Paper renews CEO Arsen Kitch's contract at $1M salary, same bonus structure

Clearwater Paper Corp

One-year term with automatic renewal; base salary unchanged at $1M.
Target annual bonus remains 100% of base; LTIP target at 200% of base.
LTIP awards: 70% performance shares (3-yr cliff) and 30% RSUs (3-yr ratable vesting).
Non-cause termination severance: 18 months base salary plus prorated bonus and 18 months benefits.
Change-of-control termination: 2.5x salary plus target bonus and 2.5 years benefits; no excise tax gross-up.

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