Axis Capital Unveils New Executive Severance Plan
Company Announcements

Axis Capital Unveils New Executive Severance Plan

Axis Capital (AXS) just unveiled an announcement.

AXIS Capital Holdings Limited has introduced an Executive Severance Plan to ensure competitive severance benefits for its key employees, including executive officers. This move aims to attract and retain talent by offering them a safety net in case of termination without cause or for a good reason. The plan outlines benefits like a pro-rated annual bonus, lump-sum severance payments based on salary and target bonus, and continued equity vesting. Moreover, it aligns with non-compete and confidentiality agreements, avoiding double severance payouts. Special provisions are made for terminations following a change of control, and the plan also adjusts for potential excess parachute payments under tax regulations.

See more insights into AXS stock on TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskAXIS Capital Reports Strong Q3 Financial Performance
Christine BrownAXS Earnings this Week: How Will it Perform?
TheFlyAxis Capital price target raised to $96 from $81 at BofA
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App