ICC Holdings ( (ICCH) ) just unveiled an announcement.
The Company has amended its Deferred Compensation Agreement, ensuring financial benefits for Arron K. Sutherland in various separation scenarios. If terminated without cause before age 62, Illinois Casualty will pay him monthly installments of $16,666.67 for 120 months post-62. For voluntary separations before 62, payments vary based on separation timing, increasing from $8,333.33 to $16,666.67 monthly. No benefits are provided if separation is with cause, maintaining terms from the original agreement.
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