MGP Ingredients modifies RSU agreements: lowers retirement age to 60, adds dual-trigger CIC vesting

MGP INGREDIENTS INC

Retirement redefined as age 60 with 5 years of service (previously age 65, no service requirement).
Change-in-control vesting now requires termination without Cause or resignation for Good Reason within 18 months (dual trigger).
New pro-rata vesting over 3 years introduced for awards starting 2024; 2023 grants retain 3-year cliff vesting.
Steve Glaser's outstanding RSUs affected by the amended Retirement definition.
Two new RSU award agreement forms adopted: cliff vesting and pro-rata vesting.

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