Traeger adopts change-in-control severance plan for top executives

Traeger, Inc.

Plan covers CEO Domonic Andrus, CFO Steven Blosil, and Chief Supply Chain Officer David Hardy.
On a qualifying termination within 24 months after a change in control, each executive gets 2x salary plus pro-rata target bonus plus COBRA payment (24 months).
Outstanding time-vested equity awards will fully vest upon such termination.
Payments subject to execution of release and compliance with restrictive covenants; excise tax gross-up not provided, but best-pay-cut provision applies.

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