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Limoneira Co (LMNR) has issued an announcement.
Limoneira Company’s Board of Directors has established Change in Control Agreements for key executives, ensuring they receive financial security in the event of a company takeover. If an executive is terminated or resigns under specified conditions related to a change in control, they will receive a severance payment—200% of their base salary for Named Executive Officers and 100% for certain other managers—along with extended health insurance benefits. This move protects executive interests during crucial transitions, reflecting the company’s commitment to its leadership team during times of potential upheaval.
Learn more about LMNR stock on TipRanks’ Stock Analysis page.
