The latest announcement is out from Aaon (AAON).
AAON, Inc. has implemented an Executive Severance Plan to offer financial support to certain high-level employees if their employment ends under specific conditions. Severance payments vary by role, with the CEO receiving up to twice the annual base salary, and may include additional benefits like COBRA health coverage. The plan also accounts for changes in company control, with provisions for adjusted severance and bonuses. This plan is designed to align with tax regulations and avoid excess parachute payments. The company has issued a press release and warns that any forward-looking statements are subject to various risks and uncertainties.
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