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.
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