other material
confidence high
sentiment neutral
materiality 0.50
GE HealthCare adopts new severance plan for CEO and leadership team; boosts change-in-control benefits.
GE HealthCare Technologies Inc.
- CEO severance: 2.0x base + 2.0x bonus (non-CIC) or 2.99x each (CIC within 2 years); benefits for 24/36 months.
- Leadership team: 1.0x base + 1.0x bonus (non-CIC) or 2.0x each (CIC); benefits for 12/24 months.
- Effective April 1, 2023; replaces prior GE HealthCare US Executive Severance Plan.
- Severance contingent on signing release with non-compete, non-solicit, non-disparagement.
- Committee retains discretion to amend or terminate the plan.