Linde EVP John Panikar retires; gets $525K severance plus up to $665K bonus

LINDE PLC

John Panikar, former EVP-APAC, retired as executive officer Nov 1, 2024, will serve non-exec role through March 31, 2025.
He earns $700K annual salary during transition and remains eligible for 2024 performance bonus.
Severance: $525K in 18 semi-monthly installments of $29,166.67 plus a lump sum of $235,658.
Additional severance: $665K (2025 target bonus) times actual 2025 performance factor, paid by March 15, 2026.
Restrictive covenants reaffirmed: confidentiality, two-year non-solicitation (employees/customers) and non-compete.

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