Alico (ALCO) has provided an announcement.
Alico, Inc. has structured severance agreements with two executives, James Sampel and Bradley Heine, ensuring they receive a year’s base salary and continued health benefits post-termination under certain conditions. These conditions include termination by the company without cause or by the executives for valid reasons, particularly following a change in control. Both agreements require the executives to adhere to specific restrictive covenants, including confidentiality and non-competition, to receive their benefits.
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