MGP Ingredients approves amended Short Term Incentive Plan effective Jan 1, 2025

MGP INGREDIENTS INC

Amended STIP effective Jan 1, 2025; cash bonus pool set at at least 80% of collective target bonuses.
Performance goals based on criteria like EPS, revenue, EBITDA, margins, safety; Committee may adjust.
Participant must be employed on payment date; termination for cause forfeits awards entirely.
Change in control with qualifying termination entitles pro-rated award based on actual performance.
Clawback policy applies; Committee may reduce or increase awards at its discretion.

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