Blue Bird adopts CIC plan with cash bonuses up to 6x target at $40+ per share

Blue Bird Corp

CIC Plan provides cash multipliers based on per-share price: 2X (<$25) to 6X ($40+). CEO Horlock bonus range $3M-$9M.
Omnibus Amendment accelerates vesting of all outstanding stock options and RSUs upon a Change in Control.
Formal employment agreements for CEO Horlock ($1M base, 150% MIP), President Smith, CFO Radulescu, SVP Scartz with severance terms.
Severance for qualifying termination within 18 months post-CIC: lump sum equal to annualized base salary or greater if existing benefit.
CIC Plan terminates if no change of control occurs within three years; includes clawback and forfeiture provisions.

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