Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On
The Agreement entitles
? extends the term of the Agreement, as amended, from three years to four years so that it will expire onJuly 15, 2024 ; ? advances the vesting schedule for any granted restricted stock units (RSU's) by one year so that the first incremental vesting date for granted RSU's is the second anniversary of the effective date of the Agreement, as amended, instead of the first anniversary as provided under the original Agreement, and the final incremental vesting date (the date on which any granted RSU's will be fully vested) is the fourth anniversary of the effective date of the Agreement, rather than the third anniversary; and ? increases certain of the stock price targets for granted performance shares.
The Second Amendment is filed as exhibit 10.1 to this report and is incorporated into this Item 5.02 by reference. The foregoing description of the Second Amendment is qualified in its entirety by reference to such exhibit.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: Exhibit No. Description 10.1+ Second Amendment to Employment Agreement effective as ofMarch 24, 2022 . 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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+ Management contract or compensatory plan or arrangement.
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