Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Alico (ALCO) has provided an announcement.
Alico, Inc. has structured severance agreements with two executives, James Sampel and Bradley Heine, ensuring they receive a year’s base salary and continued health benefits post-termination under certain conditions. These conditions include termination by the company without cause or by the executives for valid reasons, particularly following a change in control. Both agreements require the executives to adhere to specific restrictive covenants, including confidentiality and non-competition, to receive their benefits.
For detailed information about ALCO stock, go to TipRanks’ Stock Analysis page.