Gorman Rupp enters into Change of Control Severance Agreement
The agreement outlines severance packages including a lump sum payment equal to 2x base salary plus prior bonus and prorated bonus. A lump sum payment also covers COBRA premiums, and additional retirement benefits would vest after an additional 24 months of service.
AI-generated summary for informational purposes only. Always verify against the original filing. Not investment advice. BriefTape is not a registered investment adviser.
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