An announcement from Lincoln National (LNC) is now available.
Lincoln National Corporation has updated its Severance Plan to include the CEO among the officers eligible for severance benefits. In case of involuntary termination without cause, the CEO can now receive a severance equal to twice their annual base salary plus the target annual bonus, paid over two years. This update, which includes only minor revisions apart from the CEO’s inclusion, has been detailed in the company’s recent proxy statement.
See more data about LNC stock on TipRanks’ Stock Analysis page.
