Ecovyst Includes Target Annual Bonuses in Executive Severance Calculations
Bitget2026/10/28 20:46- Ecovyst adopted a revised severance plan effective October 22, 2026, defining executive compensation as base salary plus target annual bonus.
- Outside change-in-control protection, termination without cause or resignation for good reason qualifies executives for 52 weeks' compensation; the CEO receives 104 weeks.
- During protection, qualifying severance is the greater of standard benefits or 18 months' compensation for executives, 30 months for the CEO.
- The protection period runs from six months before to 24 months following a change in control; qualifying severance is paid in a lump sum.
- Executives with individual severance agreements receive whichever provides greater benefits: their agreement or the revised plan.
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