Limoneira Co Incentivizes Executives for Successful Company Sale

An update from Limoneira Co (LMNR) is now available.

Limoneira Company has entered into Transaction Bonus Agreements with its executive officers, promising them significant lump-sum bonuses upon the successful sale or transformational change of the company. These bonuses scale up with the company’s share price at the time of the transaction, rewarding the executives even more if they achieve a higher share price. However, the eligibility for these bonuses is contingent upon the executives’ employment status at the time of the transaction, with certain termination scenarios leading to forfeiture of the bonuses. Notably, acceptance of these transaction bonuses nullifies any entitlement to separate Strategic Special Projects Bonuses previously agreed upon.

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