Tri Pointe (TPH) has issued an update.
Tri Pointe Homes, Inc. has enhanced the severance terms for their President and COO, Thomas J. Mitchell. Should Mitchell face termination, his severance pay multiples will now be doubled in the event of a company change in control and tripled for other separations, marking a significant increase from the previous 1.5x and 2.5x multiples.
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