other material
confidence high
sentiment neutral
materiality 0.40
Veralto amends severance plan for CEO and executive officers, enhancing change-in-control benefits
Veralto Corp
- CEO severance within CIC period: 24 months base salary + 2x target bonus + pro rata bonus + full equity vesting.
- Executive officers within CIC period: 24 months base salary + 2x target bonus + pro rata bonus + full equity vesting.
- Outside CIC, CEO gets 24 months base salary + 2x target bonus; execs get 12 months base salary + 1x target bonus.
- Good reason defined: material diminution in role/pay, relocation >50 miles, or company breach; 30-day cure period.
- CIC protection period runs from occurrence of a Substantial Corporate Change through 24 months after.