Everus Construction Group adopts change-in-control severance plan for key executives

Everus Construction Group, Inc.

Plan covers CEO, CFO, COO, CLO, CAO and other executive officers.
CEO Jeffrey Thiede qualifies for 3x base salary + target bonus; other named executives get 2x each.
Triggered by termination without cause or for good reason within 2 years after a change in control.
Participants must sign release and comply with 1-year non-compete and non-solicit covenants.
Includes golden parachute excise tax reduction provision to optimize after-tax retention.

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