other material
confidence high
sentiment neutral
materiality 0.55
MGP grants COO Bratcher enhanced severance with RSU acceleration upon qualifying termination
MGP INGREDIENTS INC
- Bratcher receives full vesting of outstanding unvested RSUs upon termination without cause or for good reason.
- Pro-rata LTI award for the year of termination, based on days employed divided by 365.
- Additional benefits subject to execution of release and other conditions of executive severance plan.
- No change in at-will employment; other existing agreements remain in effect.