Middlesex Water Company ( (MSEX) ) has shared an update.
Middlesex Water Company has renewed its Change in Control Agreements with key executives, effective January 1, 2025, ensuring severance benefits in case of employment termination after a change in control. These agreements promise compensation, including lump sum payments and benefit continuations, if executives are dismissed without cause or resign for valid reasons post-acquisition or board changes. This strategic move indicates the company’s proactive approach to executive retention amid potential market shifts.
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