James River Group (JRVR) has shared an announcement.
James River Group Holdings, Ltd. has issued cash retention awards to its senior leadership team, to incentivize them to stay with the company. These awards are scheduled for payment in two halves at the end of 2024 and mid-2025, with provisions for earlier payouts under certain circumstances, including involuntary termination, disability, death, or in the event of a company takeover. Executive officers, excluding the CEO, have received specific award amounts, with the CEO’s amended employment agreement including changes to his severance pay calculation in the event of a termination post a change of control.
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